Document:

jhx20f2018ex431

      I p,wc           Deed of Arnendrnent         Amended and Restqted Final Funding         Agreement           James Hardie Industries plc (ARBN ogz 8zg 8gs)         ("JHI plc")          James Hardie ttTPty Limited (ABN3o 116 rro 948)         ("JIJtt7")          The State of New SouthWales         ("NSW Government")          Asbestos Injuries Compensation Fund Limited in its capacity as trustee         for each of the Compensation Funds (ACN rrz s6s q6rl         ("Fund Tbustee")           PriceuaterhouseCoopers, ABN gz Z8o 4SS 787         One International Totuers Sgdney, Watermans Quay, Barang eroo, NSW zooo         T: +6t e 8266 oooo, F: +6t z 8z66 9999, u.twtu,pwc.com.auflegal          PwC I Doc lDi 45478 Ref TWB/AC 

 

                                                                         AFFA Deed of Amendment (clause 13.4A)    Contents   1.    Interpretation                                                                                   4          1.1   Definitions                                                                               4          L.2   Interpretation                                                                            4   2.    AFFA amendments                                                                                  4   3.    General                                                                                          4         3.1    Conflict                                                                                  4         3.2   Consideration                                                                              4         g.B   Counterparts                                                                               4         9.4   Costs, expenses and duties                                                                 5         B.S   Governing  law and jurisdiction                                                            5         g.6   Further assurances                                                                         5         9.7   Notices                                                                                    5   Schedule - AFFA  Amendments                                                                            6                                                                                                           2 PwC I Doc lD:45478 

 

                                                                        AFFA Deed of Amendment (clause 13.4A)  Dste                                tt l'ecev,tgE'R.       20t7   Parties   Name                            James   Hardie  Industries  plc                                  a public limited company incorporated in Ireland ARBN                             og7 8zg   8gs Description                      JHI plc Notice details                   2nd Floor, Europa House                                  Harcourt Centre, Harcourt Street                                  Dublin z, Ireland                                  Facsimile: +3Sg (o) r 479 rrzS                                  Attention: General Counsel and Chief Compliance  Officer  Name                             Jarnes  Hardie LLTPW    Lirnited ABN                              go 116 rro 948 Description                      JIIrrT Notice details                   Level 3, zz Pitt Street                                  Sydney NSW   zooo                                  Facsimile: +6r (o) z 9z5r 98o5                                  Attention: General Counsel and Chief Compliance  Officer  Name                             The  State of New South Wales Description                      NSWGovernment Notice details                   c/- The Department of Premier and Cabinet                                  Level rz,5z Martin Place                                  Sydney NSW   zooo                                  Facsimile: :+6r (o) 28574 74or                                  Attention: General Counsel, Department  of Premier & Cabinet  Name                             Asbestos Injuries   Compensation    Fund   Limited in its capacity as                                  trustee for each of the Compensation Funds established under the                                  Amended and   Restated Trust Deed dated 14 December  zoo6 between  it                                  as trustee and James Hardie Industries N.V. as settlor ACN                              rt7 363 46r Description                      FundTrustee Notice details                   Level 6,56 Clarence Street                                  Sydney NSW   zooo                                  Facsimile: +6r (o) z gzZZ 6699                                  Attention: General Manager                                                                                                          J PwC I Doc lD:45478 

 

                                                                         AFFA Deed of Amendment (clause 13.4A)   Background   A.    JHI plc, JHtt7, the NSW Government and the Fund   Trustee are parties to the AFFA.   B.    The promulgation  of the Wrongs (Part VB) (Dust and Tobacco-Relqted  Clqims) Regulation zot6by        the State of Victoria has triggered clause 4.4 of the AFFA.   C.    The parties wish to amend the AFFA  by the introduction of a new clause r3.4A to address the matter,  This DeedWitnesses  7.    Interpreto:tion   1.1   Definitions         These meanings  apply unless the contrary intention appears         AFFA means   the document  entitled "Amended  & Restated Final Funding Agreement in respect of the        provision of long term funding for compensation arrangements for certain victims of Asbestos-related        diseases in Australia" dated zr November eoo6 between James  Hardie Industries N.V., JHrr7, the        NSW   Government  and the Fund Trustee, as amended.         Corporations Act means    Corporations  Act 2oo1 (Cth).   L.z   Interpretation         Clause r.z of the AFFA applies to the interpretation of this deed.  2.     AFFA     oltrlrendrrrten:ts         On and from the date of this deed, the AFFA is amended as set out in the Schedule.  g.     Genero,l  3.1    Conflict         If there is a conflict between the AFFA and this deed, the terms of this deed prevail.  3.2    Consideration         This deed is entered into in consideration of the parties' exchange of promises under this deed and the        receipt ofvaluable consideration which is hereby acknowledged.  3.3    Counterparts         This deed may be executed in any number  of counterparts, each of which, when executed, is an        original. Those counterparts together make one instrument.                                                                                                           4 PwC  I Doc lD:.45478 

 

                                                                        AFFA Deed of Amendment (clause 13.4A)  3.4    Costs, expenses   and duties         Each party is responsible for its own costs, charges and expenses in connection with the preparation,        negotiation and execution ofthis deed.  3.b    Governing   law andjurisdiction        This deed is governed by the laws of New South Wales. Each party submits to the non-exclusive       jurisdiction of courts exercising jurisdiction in New South Wales, and waives any right to claim that       those courts are an inconvenient forum.  3.6   Further assurances        Except as expresslyprovided in this deed, each party must, at its own expense, do all things reasonably       necessary to give full effect to this deed and the matters contemplated by it.  3.7   Notices           (a)   A notice or other communication  under this deed is only effective if it is given in a manner                 provided for in the AFFA as amended by this deed.           (b)    For the purposes ofthis clause, a party's address details are those set out in the AFFA, unless                the party has notified a changed address, in which case the notice, consent, approval or other                communication   must be to that address.                                                                                                          5 PwC I Doc lD:45478 

 

                                                                        AFFA Deed of Amendment (clause 13.4A)                       S chedttle - AFFA Arnendrnents  The AFFA is amended   by adding a new clause r3.4A as follows:            "tg.4A Impact    of the Wrongs (PartVB) (Dust       o:ndTobo.cco-Relo,ted   Clqims)                    Regulationzot6             (a)     The Parties acknowledge that the promulgation of the Wrongs (Part VB) (Dust and                    Tobqcco-Relqted  Claims) Regulation zot6by  the State of Victoria has triggered clause                    13.4.             ib)     Despite any other provision of this deed, the Related Agreements, the Transaction                    Legislation and the Release Legislation, to the extent that a Proven Claim which is the                    subject of a final judgment given, or binding settlement made, on or after r January zorS                    includes an amount of damages in excess of the amount that a Claimant would have been                    otherwise entitled to due to a change in the basis of assessment of damages brought about                   by the Wrongs  (Pqrt W) (Dust and  Tobacco-Related Clsims)  Regulation zot6 (or any                    other Victorian law that may replace that law but, in effect, restate those parts of it which                    change the basis of the assessment of damages), that excess amount must not be paid                    (whether in whole or in part and whether by a member of the JHISE Group, a Liable                   Entity or the Trustee) during the winding up period for the Liable Entities.             (c)    Having  regard to the provisions of sub-clauses g.4A(a) and (b), clause r3.4(c) shall be                   modified  in its application to matters arising out of the Wrongs (Part VB) (Dust and                   Tobacco-Related   Claims) Regulation zot6 (Victoria) (or any other Victorian law that                   may  replace that law but, in effect, restate those parts of it which change the basis of the                   assessment of damages) so as to provide that clause r3.+(cxi) shall continue to apply if,                   and to the extent that, an amount of additional damages of the kind referred to in clause                   $.4A(b)  is actually required to be paid by or on behalf of a member of the JHISE Group,                   a Liable Entity or the Trustee after zz October zo16.                                                                                                          6 PwC I Doc lD:45478 

 

                                                                        AFFA Deed of Amendment (clause 13.4A)   Signing pages  Executed   as a deed.                                                    )                                                  )                                                  ) GIVEN underthe     COMMON     SEAL of            )    Signature of                    Person* JAMES HARDIE       INDUSTRIES      PLC  and      ) DELIVERED      as aDEED:                         )                                                  )                                                  )     LOe-c- /4\^ /\A vt L( hcr|                                                  )                                                  )    Name  of Bitretor/Authorised Person*                                                  )                                                  )                                                  )                                                  )                                                  )                                                  )                                                  )                                                      Signature of Eircrctm/Scrretary,/Authorised Person*                                                  )                                                  )                                                  )                                                  )     N A a ftSrt pr rtL(ck{L                                                  )                                                  )   Name   of IX+eetor/ffiary/Authorised   Person* *Delete whichever  is not applicable.            )   SIGNED, SEI\LED AND       DELTVERED      by      ) JAMES TIARDIE TTTPTYLIMITED in                   ) accordance with section rzZ(r) ofthe             ) Corporations Act 2oo1 (Cth) by authority of its  ) directors:                                       )                                                  )                                                  )                                                  ) Signature of director                            )   Signature of director/company secretary*                                                  )                                                      (block letters)                                                  )                                                             whichever is not applicable                                                  )   "delete                                                   )                                                  )                                                  ) Name  of director (block letters)                    Name  of Director/Company   Secretary* Glock letters)                                                      *delete whichever is not applicable                                                                                                          7 PwC I Doc lD:45478 

 

                                                                     AFFA Deed ofAmendment (clause 13.4A)    Signing psges   Executed as a deed.                                                  )                                                )                                                )                                                )  GIVEN   under the COMMON    SEAL   of             Signature of Director /Autholised Person*  JAMES   IIARDIE   INDUSTRIES PLCANd           )  DELMREDasaDEED:                               )                                                )                                                )                                                )                                                )   Name  of Directot/Authorisetl Persont                                                )                                                )                                                )                                                )                                                )                                                )                                                )                                                               Directoy'Secretary/Autholised Personx                                                )   Signature of                                                 )                                                )                                                )                                                )                                                )   Narne of Direstodsecretary/Authorised Petson*  +Delete lvhichever is not applicable.         )    SIGNED, SEALED     AND   DELIVERED bY         )  JAMES   IIARDIE  fl7 PTYLIMITED     iN        )  accordance with section rz7(r) ofthe          )  Corporations Act zoor (Cth) by authority of its )  directorsr                                    )                                                )                                                )                                                )           of director                          )   Signahrre of directoy'compan*sec,retary*                                                )                                                    (block letters)                                                )   *delete                                                 )          rvhichever: is not applicable                                               )            g,tJ                € L€           )    ,Krcc{ loT7t    5l                   nf                    ) Name  of director (blockletters)                   Name of Directot/gompflfl#Segetaly* (block letters)                                                    *delete whichever is not applicable                                                                                                     7 PwC I Doc lD:45478 

 

                                                                         AFFA Deed of Amendment (clause 13.4A)     SIGNED,    SEALED   AND DELTVERED by            )   the Honourable    Mark Speakrnan     SC MP,     )   Attorney General of New South Wales for the     )   STATE OF    NEW   SOUTH WALES       in the      )   presence of:                                    )                                                   )                                                   )                                                   )                                                   )   Signature of witness                            )   Hon.  MarkSpeakmanSCMP                                                   )   Attorney General of New South Wales                                                   )   LUC   INDA      BOU     R.l(s                   )   Name  of witness (blockletters)                 )                                                   )                                                   )                                                   )     SIGNED, SEALED      AND DELIVERED       bY      )   ASBESTOS INJ{'RIES COMPENSATION                 )   FUND LIMITED      in accordance with section    )   rzZ(r) ofthe CorporationsAct 2oo1 (Cth)bV       )   authority of its directors:                     )                                                   )                                                   )                                                   )  Signature ofdirector                             )   Signature of Director/Company Secretary *                                                   )                                                       fblock letters)                                                   )   *delete                                                    )          whichever is not applicable                                                   )                                                   )                                                   )  Name   of director (blockletters)                )   Name  of Director/Company  Secretary *                                                       (block letters)                                                       *delete whichever is not applicable                                                                                                          8 PwC  I Doc lD:45478 

 

                                                                         AFFA De€d ofAnondmont (dauoo 19.4A)       srGNED, SEALBDAND        DELIVERETT bv     tfte                                           )         Honourable Mark     Speatanan SC lvip.     )     {ttomey  General of Neur Sdrtb Wat , fo"tnu '     SIATE                                   -     )             OF NEW    SOTITII WALE^S tl tlle      )     presence of:                                                   )                                                   )                                                   )                                                   )    Sipature                                       )              of r,rritness                        )   Hon.Msrk8BeakmnngCMp                                                   )   AttomeyGeneral  of NewSouth Wales                                                   )                                                   )    Name of wibress (block lethrs)                 )                                                   )                                                   )                                                   )                                                   )                                                  )                                                  )                                                  )                                                  )                                                  )                                                  )                                                                     -4*.i-)*-.q.-.. .,-                                                  )          _a                      (*(   Sipature  of director                                                  )   Siguature of EfrcrorlCompany          *                                                  )                                $ecretary                                                       (blockletters)                                                  )   +ilelete                                                   )          whidrever is aot applicable                      l.,or.-                     ) -\ L rrr vtt                      \c,v-         )    G t Wnt betrew                                                 )                                   €,ev ?ut-   Nane  of direetor (bloeklettex)                                                 )   Nanre of€ircor/Company    Secretary *                                                     {blockletters)                                                     *delete                                                             whic.hever ie not applicable   PwC I Doc lD:45478Exhibit

Exhibit 4.32
Execution Version

 

AMENDMENT TO SALE AND PURCHASE AGREEMENT 

 

		
	(1)
	Xella International S.A., a Luxembourg stock corporation, registered with the Luxembourg Trade and Companies Register under number B 139.488 with business address at 2, rue de Bitbourg, L-1273 Luxembourg, Grand Duchy of Luxembourg,

(the Seller),
 

		
	(2)
	Platin 1391. GmbH (now James Hardie Germany GmbH), a German limited liability company (Gesellschaft mit beschränkter Haftung), registered with the commercial register (Handelsregister) of the local court of Frankfurt am Main under registration number HRB 109077 and with business address at Westend Fair, Friedrich-Ebert-Anlage 36, 60325 Frankfurt am Main, Germany,

(the Purchaser),
 
 
and
		
	(3)
	James Hardie International Group Limited, an Irish Company, registered with the Companies Registration Office Ireland under registration number 504374 and with business address at Europa House, second floor, Harcourt Centre, Harcourt Street, Dublin 2, Ireland,

(the Guarantor),

 

(the Seller, the Purchaser, and the Guarantor hereinafter collectively referred to as the Parties, and each of them as a Party).

Preamble
		
	(A)
	The Parties have concluded a sale and purchase agreement dated November 7, 2017, roll of deeds no. 931/2017-SF of the Frankfurt notary Dr. Sabine Funke, with respect to all shares in XI (DL) Holdings GmbH as well as certain shareholder loans (the SPA).  

		
	(B)
	The Parties now wish to amend the SPA. 

		
	(C)
	Capitalised terms used but not defined in this amendment agreement (the Amendment Agreement) shall be interpreted in accordance with the SPA.

NOW, THEREFORE, the Parties hereby agree as follows: 
		
	1.
	Exhibit 4.1/1 to the SPA shall be replaced in its entirety by a new Exhibit 4.1/1, attached hereto as Annex 1. 

		
	2.
	Sections 17 and 18 of the SPA shall apply mutatis mutandis to this Amendment Agreement.

		
	3.
	Except as explicitly provided in this deed, the SPA shall remain unchanged and in full force and effect. 

295380.3

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