Letter Agreement Extending Termination Date of Arrangement Agreement among Carl Pescio, Janet Pescio, and Vista Gold Corp.
This agreement, dated February 19, 2007, is between Carl and Janet Pescio and Vista Gold Corp. It extends the termination date of a previous Arrangement and Merger Agreement from February 28, 2007, to April 30, 2007. The parties agree in writing to this extension, confirming their continued commitment to the terms of the original agreement until the new deadline.
Exhibit 10.1
Carl and Janet Pescio
P.O. Box 5831
Elko, Nevada 89802
| February 19, 2007 | |
| Vista Gold Corp. and Allied Nevada Gold Corp. |
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| Suite 5 — 7961 Shaffer Parkway |
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| Littleton, Colorado |
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| USA 80127 |
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Dear Sirs:
Re: Arrangement and Merger Agreement made as of the 22nd day of September 2006 (the “Arrangement Agreement”), among Vista Gold Corp., Allied Nevada Gold Corp., Carl Pescio and Janet Pescio
Any capitalized term not defined herein shall have the meaning given to it in the Arrangement Agreement.
The Arrangement Agreement provides a Termination Date of “February 28, 2007 or any later date as may be agreed to in writing by Vista and the Pescios”.
This letter is an agreement by Vista and the Pescios to extend the Termination Date in the Arrangement Agreement until April 30, 2007.
Please sign the enclosed copy of this letter to evidence your agreement and return it to our counsel attention John Stark at the following address: Stikeman Elliot LLP, Suite 1700 Park Place, 666 Burrard Street, Vancouver, BC V6C 2X8.
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| Yours truly, |
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| /s/ Carl Pescio |
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| Carl Pescio |
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| /s/ Janet Pescio |
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| Janet Pescio |
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| To Carl and Janet Pescio: |
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| The foregoing is acknowledged and agreed to: |
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| Vista Gold Corp. |
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| /s/ Gregory G. Marlier |
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| Authorized Signatory |
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| Gregory G. Marlier, Chief Financial Officer |
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