Preview | Arrangement Agreement |

TABLE OF CONTENTS


Article 1 DEFINITIONS, INTERPRETATION AND SCHEDULES			2
	Section 1.01	Definitions	2
	Section 1.02	Interpretation Not Affected by Headings	8
	Section 1.03	Number, Gender and Persons	8
	Section 1.04	Date for any Action	9
	Section 1.05	Statutory References	9
	Section 1.06	Currency	9
	Section 1.07	Invalidity of Provisions	9
	Section 1.08	Accounting Matters	9
	Section 1.09	Knowledge	9
	Section 1.10	Meaning of Certain Phrase	10
	Section 1.11	Schedules	10
Article 2 THE ARRANGEMENT			10
	Section 2.01	Arrangement	10
	Section 2.02	Effective Date	11
	Section 2.03	Board of Directors/Officers	11
	Section 2.04	Consultation	11
	Section 2.05	Court Proceedings	11
	Section 2.06	Effecting the Arrangement	12
	Section 2.07	Closing	12
	Section 2.08	U.S. Tax Matters	12
Article 3 REPRESENTATIONS AND WARRANTIES			12
	Section 3.01	Representations and Warranties of Glamis	12
	Section 3.02	Representations and Warranties of Goldcorp and Goldcorp Subco	21
	Section 3.03	Survival of Representations and Warranties	29
Article 4 COVENANTS			30
	Section 4.01	Covenants of Glamis	30
	Section 4.02	Covenants of Goldcorp and Goldcorp Subco	35
	Section 4.03	Mutual Covenants	38
	Section 4.04	Glamis Options/Glamis SARs	38
	Section 4.05	Indemnification and Insurance	39
Article 5 CONDITIONS			39
	Section 5.01	Mutual Conditions	39
	Section 5.02	Glamis Conditions	41
	Section 5.03	Goldcorp and Goldcorp Subco Conditions	41
	Section 5.04	Notice and Cure Provisions	42
	Section 5.05	Merger of Conditions	43
Article 6 NON-SOLICITATION AND BREAK-UP FEE			43
	Section 6.01	Covenant Regarding Non-Solicitation	43
	Section 6.02	Notice of Superior Proposal Determination	45
	Section 6.03	Break Fee Event	46
Article 7 AMENDMENT AND TERMINATION			47
	Section 7.01	Amendment	47
	Section 7.02	Mutual Understanding Regarding Amendments	47
	Section 7.03	Termination	48
Article 8 GENERAL			49
	Section 8.01	Notices	49
	Section 8.02	Remedies	50
	Section 8.03	Expenses	50
	Section 8.04	Time of the Essence	50
	Section 8.05	Entire Agreement	50
	Section 8.06	Further Assurances	51


Section 8.07	Governing Law	51
Section 8.08	Execution in Counterparts	51
Section 8.09	Waiver	51
Section 8.10	No Personal Liability	51
Section 8.11	Enurement and Assignment	52


Schedule A	Plan of Arrangement	A-1
Schedule B	Description of Glamis Subsidiaries	B-1
Schedule C	Description of Glamis Significant Interest Companies	C-1
Schedule D	Support Agreement	D-1

ARRANGEMENT AGREEMENT

THIS AGREEMENT made as of the 30th day of August, 2006

A M O N G :


		GOLDCORP INC.,

		a corporation existing under the Business Corporations Act (Ontario),

		(hereinafter referred to as Goldcorp)

				OF THE FIRST PART

		- and -

		0756808 B.C. LTD.,

		a corporation existing under the Business Corporations Act (British Columbia),

		(hereinafter referred to as Goldcorp Subco)

				OF THE SECOND PART

		- and -

		GLAMIS GOLD LTD.,

		a corporation existing under the Business Corporations Act (British Columbia),

		(hereinafter referred to as Glamis)

				OF THE THIRD PART

WITNESSES THAT:

WHEREAS Goldcorp Subco is a corporation wholly-owned by Goldcorp;

AND WHEREAS Goldcorp, Goldcorp Subco and Glamis propose to effect a business combination to combine the business and assets of Glamis with those of Goldcorp;

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