Document:

Exhibit
10.3

     

    Series
[*] WST Trust Liquidity

    Facility
Agreement

     

    [Westpac Securities
Administration Limited]

    (Trustee)

     

    Westpac
Banking Corporation

    (Liquidity
Provider)

     

    Westpac
Securitisation Management Pty Limited

    (Trust
Manager)

     

    Allens
Arthur Robinson

    Deutsche
Bank Place

    Corner
Hunter and Phillip Streets

    Sydney  NSW  2000

    Tel  61
2 9230 4000

    Fax  61
2 9230 5333

    www.aar.com.au

    

    ©
Copyright Allens Arthur Robinson 2007

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    Table
of Contents

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	
                                            1.

                                          	
                                            Definitions
      and Interpretation

                                          	
                                            1

                                          
	 
      	
                                            1.1

                                          	
                                            Definitions

                                          	
                                            1

                                          
	 
      	
                                            1.2

                                          	
                                            Master
      Trust Deed definitions

                                          	
                                            3

                                          
	 
      	
                                            1.3

                                          	
                                            Interpretation

                                          	
                                            3

                                          
	 
      	
                                            1.4

                                          	
                                            Determination,
      statement and certificate sufficient evidence

                                          	
                                            3

                                          
	 
      	
                                            1.5

                                          	
                                            Transaction
      Document

                                          	
                                            3

                                          
	 
      	
                                            1.6

                                          	
                                            Limited
      to Trust

                                          	
                                            3

                                          
	 	 	 
	
                                            2.

                                          	
                                            Purpose

                                          	
                                            4

                                          
	 	 	 
	
                                            3.

                                          	
                                            Drawings

                                          	
                                            4

                                          
	 
      	
                                            3.1

                                          	
                                            Liquidity
      Draw

                                          	
                                            4

                                          
	 
      	
                                            3.2

                                          	
                                            Making
      of Liquidity Draws

                                          	
                                            5

                                          
	 
      	
                                            3.3

                                          	
                                            Collateral
      Account

                                          	
                                            5

                                          
	 
      	
                                            3.4

                                          	
                                            New
      Account

                                          	
                                            5

                                          
	 
      	
                                            3.5

                                          	
                                            Conditions
      to transfer of account balance

                                          	
                                            6

                                          
	 
      	
                                            3.6

                                          	
                                            Withdrawal
      from accounts

                                          	
                                            6

                                          
	 
      	
                                            3.7

                                          	
                                            Liquidity
      Provider upgrade

                                          	
                                            7

                                          
	 
      	
                                            3.8

                                          	
                                            Interest
      Cash Advance Deposit

                                          	
                                            7

                                          
	 	 	 
	
                                            4.

                                          	
                                            Funding
      Periods

                                          	
                                            7

                                          
	 	 	 
	
                                            5.

                                          	
                                            Interest

                                          	
                                            7

                                          
	 
      	
                                            5.1

                                          	
                                            Accrual

                                          	
                                            7

                                          
	 
      	
                                            5.2

                                          	
                                            Payment

                                          	
                                            8

                                          
	 
      	
                                            5.3

                                          	
                                            Capitalisation

                                          	
                                            8

                                          
	 	 	 
	
                                            6.

                                          	
                                            Commitment
      Fee

                                          	
                                            8

                                          
	 	 	 
	
                                            7.

                                          	
                                            Cancellation
      of Liquidity Limit

                                          	
                                            8

                                          
	 
      	
                                            7.1

                                          	
                                            During
      Term

                                          	
                                            8

                                          
	 
      	
                                            7.2

                                          	
                                            At
      end of Term

                                          	
                                            8

                                          
	 	 	 
	
                                            8.

                                          	
                                            Repayment

                                          	
                                            9

                                          
	 
      	
                                            8.1

                                          	
                                            Final
      repayment

                                          	
                                            9

                                          
	 
      	
                                            8.2

                                          	
                                            Repayment
      of Liquidity Draws

                                          	
                                            9

                                          
	 
      	
                                            8.3

                                          	
                                            Repayments
      during Liquidity Collateralisation Period

                                          	
                                            9

                                          
	 	 	 
	
                                            9.

                                          	
                                            Prepayments

                                          	
                                            9

                                          
	 
      	
                                            9.1

                                          	
                                            Voluntary
      prepayments

                                          	
                                            9

                                          
	 
      	
                                            9.2

                                          	
                                            Interest

                                          	
                                            9

                                          
	 
      	
                                            9.3

                                          	
                                            Limitation
      on prepayments

                                          	
                                            9

                                          
	 	 	 
	
                                            10.

                                          	
                                            Payments

                                          	
                                            9

                                          
	 
      	
                                            10.1

                                          	
                                            Manner

                                          	
                                            9

                                          
	 
      	
                                            10.2

                                          	
                                            Payment
      to be made on Business Day

                                          	
                                            10

                                          
	 
      	
                                            10.3

                                          	
                                            Appropriation
      where insufficient moneys available

                                          	
                                            10

                                          
	 	 	 
	
                                            11.

                                          	
                                            Changes
      In Law

                                          	
                                            10

                                          
	 
      	
                                            11.1

                                          	
                                            Additional
      payments

                                          	
                                            10

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    
      
        
          

          
            
              
                
                  	
                          Series
      [*] WST Trust Liquidity Facility

                          Agreement

                        	
                          

                        
	 
      	 
      

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            	 
      	
                                                                    11.2

                                                                  	
                                                                    Minimisation

                                                                  	
                                                                    11

                                                                  
	 
      	
                                                                    11.3

                                                                  	
                                                                    Survival

                                                                  	
                                                                    11

                                                                  
	 
      	
                                                                    11.4

                                                                  	
                                                                    Notification

                                                                  	
                                                                    11

                                                                  
	 	 	 
	
                                                                    12.

                                                                  	
                                                                    Conditions
      Precedent

                                                                  	
                                                                    11

                                                                  
	 
      	
                                                                    12.1

                                                                  	
                                                                    Conditions
      precedent to initial Drawdown Notice

                                                                  	
                                                                    11

                                                                  
	 
      	
                                                                    12.2

                                                                  	
                                                                    Conditions
      precedent to each Liquidity Draw

                                                                  	
                                                                    12

                                                                  
	 	 	 
	
                                                                    13.

                                                                  	
                                                                    Representations
      and Warranties

                                                                  	
                                                                    12

                                                                  
	 
      	
                                                                    13.1

                                                                  	
                                                                    Representations
      and warranties

                                                                  	
                                                                    12

                                                                  
	 
      	
                                                                    13.2

                                                                  	
                                                                    Reliance
      on representations and warranties

                                                                  	
                                                                    14

                                                                  
	 	 	 
	
                                                                    14.

                                                                  	
                                                                    Undertakings

                                                                  	
                                                                    14

                                                                  
	 
      	
                                                                    14.1

                                                                  	
                                                                    General
      undertakings

                                                                  	
                                                                    14

                                                                  
	 
      	
                                                                    14.2

                                                                  	
                                                                    Undertakings
      relating to Trust

                                                                  	
                                                                    15

                                                                  
	 
      	
                                                                    14.3

                                                                  	
                                                                    Term
      of undertakings

                                                                  	
                                                                    15

                                                                  
	 	 	 
	
                                                                    15.

                                                                  	
                                                                    Events
      of Default

                                                                  	
                                                                    15

                                                                  
	 
      	
                                                                    15.1

                                                                  	
                                                                    Events
      of Default

                                                                  	
                                                                    15

                                                                  
	 
      	
                                                                    15.2

                                                                  	
                                                                    Consequences

                                                                  	
                                                                    16

                                                                  
	 	 	 	 
	
                                                                    16.

                                                                  	
                                                                    Interest
      on Overdue Amounts

                                                                  	
                                                                    16

                                                                  
	 
      	
                                                                    16.1

                                                                  	
                                                                    Accrual

                                                                  	
                                                                    16

                                                                  
	 
      	
                                                                    16.2

                                                                  	
                                                                    Payment

                                                                  	
                                                                    16

                                                                  
	 
      	
                                                                    16.3

                                                                  	
                                                                    Limitation

                                                                  	
                                                                    16

                                                                  
	 	 	 
	
                                                                    17.

                                                                  	
                                                                    Control
      Accounts

                                                                  	
                                                                    17

                                                                  
	 	 	 
	
                                                                    18.

                                                                  	
                                                                    Waivers,
      Remedies Cumulative

                                                                  	
                                                                    

                                                                      17

                                                                    

                                                                  
	 	 	 
	
                                                                    19.

                                                                  	
                                                                    Severability
      of Provisions

                                                                  	
                                                                    

                                                                      17

                                                                    

                                                                  
	 	 	 
	
                                                                    20.

                                                                  	
                                                                    Survival
      of Representations

                                                                  	
                                                                    

                                                                      17

                                                                    

                                                                  
	 	 	 
	
                                                                    21.

                                                                  	
                                                                    Indemnity
      and Reimbursement Obligation

                                                                  	
                                                                    

                                                                      17

                                                                    

                                                                  
	 	 	 
	
                                                                    22.

                                                                  	
                                                                    Moratorium
      Legislation

                                                                  	
                                                                    

                                                                      17

                                                                    

                                                                  
	 	 	 
	
                                                                    23.

                                                                  	
                                                                    Consents
      and Opinions

                                                                  	
                                                                    18

                                                                  
	 	 	 
	
                                                                    24.

                                                                  	
                                                                    Assignments

                                                                  	
                                                                    

                                                                      18

                                                                    

                                                                  
	 	 	 
	
                                                                    25.

                                                                  	
                                                                    Notices

                                                                  	
                                                                    

                                                                      18

                                                                    

                                                                  
	 	 	 
	
                                                                    26.

                                                                  	
                                                                    Authorised
      Signatories

                                                                  	
                                                                    

                                                                      18

                                                                    

                                                                  
	 	 	 
	
                                                                    27.

                                                                  	
                                                                    Governing
      Law and Jurisdiction

                                                                  	
                                                                    

                                                                      18

                                                                    

                                                                  
	 	 	 
	
                                                                    28.

                                                                  	
                                                                    Counterparts

                                                                  	
                                                                    19

                                                                  
	 	 	 
	
                                                                    29.

                                                                  	
                                                                    Acknowledgement
      by Trustee

                                                                  	
                                                                    19

                                                                  
	 	 	 
	
                                                                    30.

                                                                  	
                                                                    Limited
      Recourse

                                                                  	
                                                                    19

                                                                  
	 
      	
                                                                    30.1

                                                                  	
                                                                    General

                                                                  	
                                                                    19

                                                                  
	 
      	
                                                                    30.2

                                                                  	
                                                                    Liability
      of Trustee limited to its right to indemnity

                                                                  	
                                                                    19

                                                                  
	 
      	
                                                                    30.3

                                                                  	
                                                                    Unrestricted
      remedies

                                                                  	
                                                                    20

                                                                  
	 
      	
                                                                    30.4

                                                                  	
                                                                    Restricted
      remedies

                                                                  	
                                                                    20

                                                                  
	 	 	 
	
                                                                    31.

                                                                  	
                                                                    Liquidity
      Provider's Obligations

                                                                  	
                                                                    21

                                                                  

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

      
        
          

          
            
              
                
                  	
                          Series
      [*] WST Trust Liquidity Facility

                          Agreement

                        	
                          

                        
	 
      	 
      

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                       

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            
              
                
                  
                    
                      	
                              32.

                            	
                              Successor
      Trustee

                            	
                              21

                            
	 	 	 
	
                              33.

                            	
                              Code
      of Banking Practice (2003)

                            	
                              21

                            
	 	 
	
                              ANNEXURE
      A

                            	
                              23

                            
	 
      	
                              DRAWDOWN
      NOTICE

                            	
                              23

                            
	 	 
	
                              ANNEXURE
      B

                            	
                              24

                            
	 
      	
                              VERIFICATION
      CERTIFICATE

                            	
                              24

                            

                    

                  

                

              

            

          

        

      

      
        
           

        

        
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                          Series
      [*] WST Trust Liquidity Facility

                          Agreement

                        	
                          

                        
	 
      	 
      

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                     

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                    Date

                                                  	
                                                    [*]

                                                  
	 	 
	 	 
	
                                                    Parties
      

                                                  	 
      
	 	 
	 	 
	
                                                    1.    
      

                                                  	
                                                    [Westpac Securities
      Administration Limited] (ABN [77
      000 049 472]) of Level 20, 275 Kent Street, Sydney, New South Wales as
      Trustee of the Series [*] WST Trust (the Trustee);

                                                  
	 	 
	
                                                    2.    
      

                                                  	
                                                    Westpac Banking Corporation
      (ABN 33 007 457 141) of Level 20, 275 Kent Street,
      Sydney, New South Wales (the Liquidity
      Provider); and

                                                  
	 	 
	
                                                    3.    
      

                                                  	
                                                    Westpac Securitisation
      Management Pty Limited (ABN  73 081 709 211) of
      Level 20, 275 Kent Street, Sydney, New South Wales (the Trust
      Manager).

                                                  
	 	 
	
                                                    Recitals

                                                  	 
      
	 	 
	 	 
	 
      	
                                                    The
      Trustee has requested the Liquidity Provider to provide the Trustee with a
      liquidity facility under which loans of up to an aggregate amount equal to
      the Liquidity Limit may be made available to the
  Trustee.

                                                  
	 
      	 
      

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      IT
IS AGREED as follows.

      
         

        
          
            	
                    1.

                  	
                    Definitions
      and Interpretation

                  

          

        

      

       

      
        	
                1.1

              	
                Definitions

              

      

       

      In this
agreement the following definitions apply unless the context requires otherwise,
or unless otherwise defined.

       

      Bank Bill
Rate means, in relation to a Funding Period, the Bank Bill Rate (as
defined in the Series Notice) on the first day of that Funding
Period.

       

      Cash Advance
Deposit means the balance of the Collateral Account from time to
time.

       

      Collateral
Account means (as the context requires):

       

      
        	
                 
      

              	
                (a)

              	
                the
      account established and maintained in accordance with clause
      3.3;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the
      account established and maintained in accordance with clause 3.4;
      or

              

      

       

      
        	
                 
      

              	
                (c)

              	
                the
      account to which the Cash Advance Deposit is transferred in accordance
      with clause 3.8.

              

      

       

      Drawdown
Date means, in relation to a Liquidity Draw, the Payment Date on which
the Liquidity Draw is or is to be made under this agreement.

       

      Drawdown
Notice means a notice under clause 3.1.

       

      Event of
Default means any of the events specified in clause 15.

       

      Existing
Collateral Account has the meaning given in clause 3.4.

      
        
           

        

        
          Page
1

          
            

          

        

        
           

        

      

      
        
          

          
            
              
                
                  	
                          Series
      [*] WST Trust Liquidity Facility

                          Agreement

                        	
                          

                        
	 
      	 
      

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      Final Repayment
Date means the date on which the Term ends.

       

      Funding
Period means, in relation to a Liquidity Draw, the period determined in
accordance with clause 4.

       

      Liquidity
Collateralisation Period means each period commencing on the date on
which either:

       

      
        	
                 
      

              	
                (a)

              	
                the
      short term credit rating of the Liquidity Provider is either less than A-1
      from S&P or less than P-1 from Moody's;
or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                S&P
      or Moody's ceases to provide a short term credit rating for the Liquidity
      Provider (other than because S&P or Moody's , as the case may be,
      ceases to provide such ratings
generally),

              

      

       

      and
ending on the date on which the short term credit rating of the Liquidity
Provider is A-1 from S&P and P-1 from Moody's.

       

      Liquidity
Draw means any advance made or to be made under this
agreement.

       

      Liquidity Limit
means at any date the least of:

       

      
        	
                 
      

              	
                (a)

              	
                subject
      to clause 7.1, [$10,000,000]; and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the
      aggregate outstanding principal amount of all Performing Loans at that
      date; and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                any
      other amount as may be agreed in writing from time to time between the
      Liquidity Provider, the Trustee and the Trust Manager and in respect of
      which the Trust Manager has given a Rating
  Notification,

              

      

       

      as
reduced or cancelled under this agreement.

       

      Margin
means [*]% per annum, or such other rate per cent per annum as agreed in writing
between the Trust Manager and the Liquidity Provider and in respect of which the
Trust Manager has given a Rating Notification.

       

      Master Trust
Deed means the Master Trust Deed for the WST Trusts dated 14 February
1997 initially between The Mortgage Company Pty Limited and the
Trustee.

       

      New Collateral
Account has the meaning given in clause 3.4.

       

      Performing
Loan means, at any date, a Purchased Receivable which:

       

      
        	
                 
      

              	
                (a)

              	
                is
      not in Arrears;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                at
      that date has been in Arrears for less than 90 consecutive days;
      or

              

      

       

      
        	
                 
      

              	
                (c)

              	
                if
      it has been in Arrears at that date for 90 or more consecutive days, was
      insured under a Mortgage Insurance Policy at the date of this agreement or
      on or before the Closing Date.

              

      

       

      Reference
Bank has the meaning given in the 2000 ISDA Definitions.

       

      Series
Notice means the Series [*] WST Trust Series Notice made or to be made
between (among others) the Trustee, the Trust Manager, Westpac Banking
Corporation and the Security Trustee on or about the date of this agreement
under the Master Trust Deed.

       

      Term means
the period commencing on the date of this agreement and expiring on the earlier
of:

       

      
        	
                 
      

              	
                (a)

              	
                the
      date on which the Notes are redeemed in full in accordance with the Master
      Trust Deed and the Series
Notice;

              

      

      
        
           

        

        
          Page
2

          
            

          

        

        
           

        

      

      
        
          

          
            
              
                
                  	
                          Series
      [*] WST Trust Liquidity Facility

                          Agreement

                        	
                          

                        
	 
      	 
      

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                        

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (b)

              	
                the
      date declared by the Liquidity Provider under clause
  15.2;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                the
      date on which the Trustee enters into a liquidity facility, as previously
      notified to each Designated Rating Agency by the Trust Manager for each
      Class of Notes, to replace this agreement with any other person to enable
      it to fund Liquidity Shortfalls;

              

      

       

      
        	
                 
      

              	
                (d)

              	
                the
      date on which the Liquidity Limit is cancelled in full under clause 7.1;
      and

              

      

       

      
        	
                 
      

              	
                (e)

              	
                the
      Maturity Date.

              

      

       

      Trust
means the Series [*] WST Trust constituted under the Master Trust Deed and the
Notice of Creation of Trust.

       

      Trustee
means the Trustee of the Trust at the date of this agreement or any person which
becomes a successor Trustee under clause 24 of the Master Trust
Deed.

       

      
        	
                1.2

              	
                Master
      Trust Deed definitions

              

      

       

      Words and
expressions which are defined in the Master Trust Deed (as amended by the Series
Notice) and the Series Notice (including in each case by reference to another
agreement) have the same meanings when used in this agreement, unless the
context otherwise requires or unless otherwise defined in this
agreement.

       

      
        	
                1.3

              	
                Interpretation

              

      

       

      Clause
1.2 of the Master Trust Deed applies to this agreement as if set out in full,
except that references to this Deed
are references to this
agreement and:

       

      
        	
                 
      

              	
                (a)

              	
                a
      reference to an asset
      includes any real or personal, present or future, tangible or intangible
      property or asset and any right, interest, revenue or benefit in, under or
      derived from the property or asset;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                an
      Event of Default subsists
      until it has been waived in writing by the Liquidity Provider;
      and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                a
      reference to an amount for which a person is contingently
      liable includes an amount which that person may become actually or
      contingently liable to pay if a contingency occurs, whether or not that
      liability will actually arise.

              

      

       

      
        	
                1.4

              	
                Determination,
      statement and certificate sufficient
evidence

              

      

       

      Except
where otherwise provided in this agreement any determination, statement or
certificate by the Liquidity Provider or an Authorised Signatory of the
Liquidity Provider provided for in this agreement is sufficient evidence unless
proven wrong.

       

      
        	
                1.5

              	
                Transaction
      Document

              

      

       

      This
agreement is a Transaction
Document for the purposes of the Master Trust Deed.

       

      
        	
                1.6

              	
                Limited
      to Trust

              

      

       

      
        The
rights and obligations of the parties under this agreement relate only to the
Trust, and do not relate to any other Trust (as defined in the Master Trust
Deed).  Without limitation, the Liquidity Provider has no obligation
under this agreement to provide financial accommodation to the Trustee as
trustee of any other Trust.

      

      
      

      
        
          
             

          

          
            Page
3

            
              

            

          

          
             

          

        

      

      
         

        
          
            

            
              
                
                  
                    	
                            Series
      [*] WST Trust Liquidity Facility

                            Agreement

                          	
                            

                          
	 
      	 
      

                  

                

              

            

            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                         

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            	
                    2.

                  	
                    Purpose

                  

          

        

      

       

      The Trust
Manager directs the Trustee to, and the Trustee shall, apply the proceeds of
each Liquidity Draw to fund Liquidity Shortfalls in relation to the Trust by
crediting it to the Collection Account to be applied in accordance with clause 5
of the Series Notice, and for no other purpose.

      
         

        
          
            	
                    3.

                  	
                    Drawings

                  

          

        

      

       

      
        	
                3.1

              	
                Liquidity
      Draw

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Subject
      to this agreement, if on any Determination Date the Trust Manager
      determines that there is a Liquidity Shortfall in relation to the
      Collection Period ending immediately prior to the Determination Date, the
      Trust Manager must direct the Trustee to and the Trustee shall (subject to
      this agreement and the Series Notice) request a Liquidity Draw by giving
      to the Liquidity Provider a Drawdown
Notice.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                A
      Drawdown Notice must be:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                in
      writing;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                in
      or substantially in the form of Annexure
A;

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                signed
      by an Authorised Signatory of the Trustee;
and

              

      

       

      
        	
                 
      

              	
                (iv)

              	
                given
      not later than 11.00am (Sydney time) on the Remittance Date following that
      Collection Period.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                The
      amount requested in a Drawdown Notice must be the lesser
    of:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      relevant Liquidity Shortfall; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                subject
      to paragraph (d), the Available Liquidity Amount at that
    time.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                If:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      aggregate of all payments required to be made under clauses 5.10(a)(i) to
      (iii) inclusive of the Series Notice on the relevant Payment Date;
      plus

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      outstanding Liquidity Draws due to be repaid on that date;
      minus

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                the
      Available Income for the relevant Collection
  Period;

              

      

       

      is equal
to or less than the Liquidity Limit, the calculation of Available Liquidity
Amount in paragraph (c)(ii) shall assume the repayment of all Liquidity Draws
due to be repaid on or before the relevant Drawdown Date.

       

      
        	
                 
      

              	
                (e)

              	
                The
      Trustee irrevocably authorises the Liquidity Provider to apply against a
      Liquidity Draw provided on any Drawdown Date all amounts which are assumed
      to have been applied in repaying previous Liquidity Draws as contemplated
      by paragraph (d).

              

      

       

      
        	
                 
      

              	
                (f)

              	
                In
      the case of a Liquidity Draw
provided:

              

      

      
        
           

        

        
          Page
4

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                     

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (i)

              	
                in
      accordance with paragraph (c)(i);
or

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                following
      an application of paragraph (d),

              

      

       

      the
Liquidity Provider will only be required to advance to the Trustee the
difference (if any) between the Liquidity Draw and the Available Liquidity
Amount immediately prior to the relevant Drawdown Date.

       

      
        	
                3.2

              	
                Making
      of Liquidity Draws

              

      

       

      Subject
to the terms of this agreement, a Liquidity Draw requested in a Drawdown Notice
shall be made available:

       

      
        	
                 
      

              	
                (a)

              	
                other
      than during a Liquidity Collateralisation Period, by the Liquidity
      Provider crediting the proceeds of that Liquidity Draw to the Collection
      Account by no later than 11.00 am (Sydney time) on the relevant Remittance
      Date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                during
      a Liquidity Collateralisation Period, by the Trust Manager directing the
      Trustee to transfer the amount of that Liquidity Draw from the Collateral
      Account to the Collection Account;
and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                during
      a Liquidity Collateralisation Period, by the Trust Manager directing the
      Trustee to arrange to transfer the amount of that Liquidity Draw from the
      Collateral Account to the Collection Account, in satisfaction of the
      Liquidity Provider's obligation to make that Liquidity Draw available,
      provided that none of the Liquidity Provider, the Trust Manager nor the
      Trustee shall have any obligation if for any reason the Bank maintaining
      the Collateral Account does not comply with a request or direction to make
      a transfer requested from the Collateral
  Account.

              

      

       

      
        	
                3.3

              	
                Collateral
      Account

              

      

       

      If at any
time the Liquidity Provider's short term credit rating is less than A-1 from
S&P or P-1 from Moody’s or S&P or Moody’s ceases to provide a short term
credit rating for the Liquidity Provider (other than because S&P or Moody's
as the case may be, ceases to provide such ratings generally):

       

      
        	
                 
      

              	
                (a)

              	
                the
      Trustee must, at the direction of the Trust Manager, as soon as
      practicable establish and maintain in the name of the Trustee an account
      with a Bank having a short term rating of A-1 from S&P and P-1 from
      Moody's or in respect of which the Trust Manager otherwise gives a Rating
      Notification; and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the
      Liquidity Provider must within 2 Business Days or such longer period in
      respect of which the Trust Manager gives a Rating Notification, deposit
      into that account an amount equal to the Available Liquidity Amount at
      that time.

              

      

       

      
        	
                3.4

              	
                New
      Account

              

      

       

      If at any
time:

       

      
        	
                 
      

              	
                (a)

              	
                the
      short term credit rating of the Bank holding the Collateral Account (the
      Existing
      Collateral Account) from S&P is lower than A-1 or from Moody's
      is lower than P-1; or

              

      

      
        
           

        

        
          Page
5

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (b)

              	
                deposits
      credited to the Existing Collateral Account cease to be Authorised
      Investments because of paragraph (g)(B) of the definition of Authorised
      Investments in clause 1.1 of the Master Trust
  Deed,

              

      

       

      the Trust
Manager must direct the Trustee to, and the Trustee must, subject to clauses 3.5
and 3.6, within 5 Business Days after such direction (or such longer period in
respect of which the Trust Manager gives a Rating Notification:

       

      
        	
                 
      

              	
                (c)

              	
                establish
      a new account with a Bank which has a short term credit rating from
      S&P of not lower than A-1 and from Moody's of not lower than P-1
      (the
      New Collateral Account) in the name of the Trustee;
    and

              

      

       

      
        	
                 
      

              	
                (d)

              	
                transfer
      so much of the balance of the Existing Collateral Account to the New
      Collateral Account as is not an Authorised Investment by application of
      paragraph (b).

              

      

       

      
        	
                3.5

              	
                Conditions
      to transfer of account balance

              

      

       

      The
Trustee shall only be obliged to transfer the balance of the Existing Collateral
Account to the New Collateral Account in accordance with clause 3.4(d) if both
the Trust Manager and the Liquidity Provider are satisfied that the terms upon
which the New Collateral Account is established and maintained are such
that:

       

      
        	
                 
      

              	
                (a)

              	
                the
      Bank with which the New Collateral Account is maintained will have no
      right of set-off, combination of accounts, lien, flawed deposit or other
      Security Interest over the New Collateral Account;
  and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the
      terms of the New Collateral Account may not be varied in any way without
      the prior written consent of the Liquidity
  Provider.

              

      

       

      The Trust
Manager and the Liquidity Provider must provide the Trustee with written notice
of their satisfaction with these matters as soon as practicable.

       

      
        	
                3.6

              	
                Withdrawal
      from accounts

              

      

       

      
        	
                 
      

              	
                (a)

              	
                The
      Trustee may only make withdrawals from a Collateral Account if directed to
      do so by the Trust Manager, and then only for the following
      purposes:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                to
      make or fund a Liquidity Draw in accordance with this
      agreement;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                to
      transfer the credit balance of the Existing Collateral Account to a New
      Collateral Account in accordance with clause
  3.4;

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                to
      pay the Cash Advance Deposit to the Liquidity Provider pursuant to clause
      3.7(a);

              

      

       

      
        	
                 
      

              	
                (iv)

              	
                to
      withdraw any amount which has been incorrectly deposited into the
      Collateral Account;

              

      

       

      
        	
                 
      

              	
                (v)

              	
                to
      pay any Tax payable in respect of the maintenance of, or payments into or
      withdrawals from, the Collateral
Account;

              

      

       

      
        	
                 
      

              	
                (vi)

              	
                at
      the direction of the Trust Manager, invest in Authorised Investments which
      mature no later than the end of the Funding Period in which the Authorised
      Investments were acquired provided that all amounts received by the
      Trustee on that maturity must be credited to the Collateral Account;
      or

              

      

      
        
           

        

        
          Page
6

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                     

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (vii)

              	
                to
      refund to the Liquidity Facility Provider the amount of any of the
      Liquidity Limit which is cancelled under clause 7.1 or
  7.2.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      Trust Manager must only direct the Trustee to make withdrawals from the
      Collateral Account for the above
purposes.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                For
      so long as the Collateral Account is maintained with the Liquidity
      Provider, the obligations of the Liquidity Provider with respect to
      payment to the Trustee of the debt constituted by any credit balance on
      the Collateral Account shall be conditional upon and subject to the terms
      of this clause 3.

              

      

       

      
        	
                3.7

              	
                Liquidity
      Provider upgrade

              

      

       

      
        	
                 
      

              	
                (a)

              	
                If,
      at any time when the Collateral Account is not maintained with the
      Liquidity Provider, a short term credit rating of the Liquidity Provider
      is upgraded so that it has a rating from S&P of not lower than A-1 and
      from Moody's of not lower than P-1, the Trust Manager may direct the
      Trustee to, and the Trustee must within 2 Business Days of being so
      directed, arrange for the Cash Advance Deposit to be transferred to an
      account with the Liquidity Provider (which account will then become the
      Collateral Account).

              

      

       

      
        	
                 
      

              	
                (b)

              	
                If,
      at any time, a short term credit rating of the Liquidity Provider is
      upgraded so that it has a rating from S&P of A-1 and from Moody's of
      P-1, the Trust Manager must direct the Trustee to, and the Trustee must
      within 2 Business Days of being so directed, repay to the Liquidity
      Provider the balance of the Collateral
Account.

              

      

       

      
        	
                3.8

              	
                Interest
      Cash Advance Deposit

              

      

       

      All
interest accrued on the Cash Advance Deposit shall belong to the Liquidity
Provider and all interest credited to the Cash Advance Deposit shall be paid to
the Liquidity Provider on each relevant Payment Date in accordance with the
Series Notice.

      
         

        
          
            	
                    4.

                  	
                    Funding
      Periods

                  

          

        

      

       

      
        	
                 
      

              	
                (a)

              	
                Subject
      to this clause, the Funding Period for a Liquidity Draw commences on its
      Drawdown Date and ends on (and includes) the day before the next Payment
      Date.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Notwithstanding
      paragraph (a), no Funding Period may extend beyond the Final Repayment
      Date.

              

      

      
         

        
          
            	
                    5.

                  	
                    Interest

                  

          

        

      

       

      
        	
                5.1

              	
                Accrual

              

      

       

      Interest
accrues daily on the outstanding principal amount of each Liquidity Draw at the
rate per annum equal to the sum of the Margin and the Bank Bill Rate for the
relevant Funding Period, calculated on actual days elapsed and a year of 365
days.

      
        
           

        

        
          Page
7

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                5.2

              	
                Payment

              

      

       

      The
Trustee shall pay accrued interest on each Liquidity Draw in respect of its
Funding Period in arrears on each Payment Date and on repayment or prepayment of
all or the relevant part of the Liquidity Draw.

       

      
        	
                5.3

              	
                Capitalisation

              

      

       

      Interest
payable under this clause 5 which is not paid when due will immediately be
capitalised.  Interest is payable on capitalised interest at the rate
and in the manner referred to in this clause 5.

      
         

        
          
            	
                    6.

                  	
                    Commitment
      Fee

                  

          

        

      

       

      
        	
                 
      

              	
                (a)

              	
                A
      commitment fee accrues due from day to day from the date of this agreement
      at [*]% per annum (or such other rate per cent per annum as agreed in
      writing between the Trust Manager and the Liquidity Provider and in
      respect of which the Trust Manager gives a Rating Notification) on the
      daily amount of the Available Liquidity Amount (if
  any).

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      commitment fee is calculated on the actual number of days elapsed and a
      year of 365 days.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                The
      Trust Manager directs the Trustee to, and the Trustee shall, pay to the
      Liquidity Provider any accrued commitment fee in arrears
    on:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                each
      Payment Date; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                at
      the end of the Term,

              

      

       

      in
accordance with the Series Notice.

      
         

        
          
            	
                    7.

                  	
                    Cancellation
      of Liquidity Limit

                  

          

        

      

       

      
        	
                7.1

              	
                During
      Term

              

      

       

      
        	
                 
      

              	
                (a)

              	
                On
      giving not less than 5 Business Days irrevocable notice to the Liquidity
      Provider the Trustee may cancel all or part of the Liquidity Limit during
      the Term if the Trust Manager gives a Rating Notification in respect of
      such cancellation.  A partial cancellation must be in a minimum
      of $100,000 and a whole multiple of $10,000 unless the Liquidity Provider
      agrees otherwise.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                On
      giving not less than 30 days notice to the Trustee and the Trust Manager,
      the Liquidity Provider may cancel all of the Liquidity Limit during the
      Term if:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                a
      replacement Liquidity Facility Agreement is entered into;
    and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      Trust Manager gives a Rating Notification in respect of such cancellation
      and the new provider of that replacement Liquidity Facility
      Agreement.

              

      

       

      
        	
                7.2

              	
                At
      end of Term

              

      

       

      At the
close of business (Sydney time) on the last day of the Term the Liquidity Limit
will be cancelled.

      
        
           

        

        
          Page
8

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            	
                    8.

                  	
                    Repayment

                  

          

        

      

       

      
        	
                8.1

              	
                Final
      repayment

              

      

       

      The
Trustee shall repay the Liquidity Outstandings on the Final Repayment Date,
together with all interest and other moneys owing to the Liquidity Provider
under this agreement.

       

      
        	
                8.2

              	
                Repayment
      of Liquidity Draws

              

      

       

      Subject
to the terms of this agreement, the Trustee must repay each Liquidity Draw on
the last day of its Funding Period, to the extent that amounts are available for
that purpose under clause 5.10(a)(iv) of the Series Notice.  Those
repayments will be applied against Liquidity Draws in chronological order of
their Drawdown Dates.

       

      
        	
                8.3

              	
                Repayments
      during Liquidity Collateralisation
Period

              

      

       

      During a
Liquidity Collateralisation Period, all repayments or prepayments in respect of
Liquidity Outstandings must be made to the Collateral Account.

      
         

        
          
            	
                    9.

                  	
                    Prepayments

                  

          

        

      

       

      
        	
                9.1

              	
                Voluntary
      prepayments

              

      

       

      The
Trustee may prepay all or part of the Liquidity
Outstandings with the consent of the Liquidity Provider and on at least 5
Business Days' notice.  The Trustee shall prepay in accordance with
that notice.

       

      
        	
                9.2

              	
                Interest

              

      

       

      When the
Trustee prepays any amount of the Liquidity Outstandings, it shall also pay any
interest accrued on that amount.

       

      
        	
                9.3

              	
                Limitation
      on prepayments

              

      

       

      The
Trustee may not prepay all or any part of the Liquidity Outstandings except as
set out in this agreement.

      
         

        
          
            	
                    10.

                  	
                    Payments

                  

          

        

      

       

      
        	
                10.1

              	
                Manner

              

      

       

      Subject
to clause 8.3, the Trustee shall make all payments under this
agreement:

       

      
        	
                 
      

              	
                (a)

              	
                by
      cheque, electronic funds transfer or other agreed method to the Liquidity
      Provider at its address for service of notices or by transfer of
      immediately available funds to the account specified by the Liquidity
      Provider and, in either case, by 4.00 pm (Sydney time) on the due
      date; and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                without
      set-off, counterclaim or other deduction, except any compulsory deduction
      for Taxation; and

              

      

      
        
           

        

        
          Page
9

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (c)

              	
                in
      accordance with the directions of the Trust Manager, the Master Trust Deed
      and the Series Notice.

              

      

       

      
        	
                10.2

              	
                Payment
      to be made on Business Day

              

      

       

      If any
payment is due on a day which is not a Business Day, the due date will be the
next Business Day.

       

      
        	
                10.3

              	
                Appropriation
      where insufficient moneys available

              

      

       

      Subject
to any express provision of this agreement, the Liquidity Provider may
appropriate amounts it receives as between principal, interest and other amounts
then payable as it sees fit.  This will override any appropriation
made by the Trustee.

      
         

        
          
            	
                    11.

                  	
                    Changes
      In Law

                  

          

        

      

       

      
        	
                11.1

              	
                Additional
      payments

              

      

       

      Subject
to clause 11.3, whenever the Liquidity Provider determines that:

       

      
        	
                 
      

              	
                (a)

              	
                the
      effective cost to the Liquidity Provider of making, funding or maintaining
      any Liquidity Draw or the Liquidity Limit is increased in any
      way;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                any
      amount paid or payable to the Liquidity Provider or received or receivable
      by the Liquidity Provider, or the effective return to the Liquidity
      Provider, under or in respect of this agreement is reduced in any
      way;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                the
      return of the Liquidity Provider on the capital which is or becomes
      directly or indirectly allocated by the Liquidity Provider to any
      Liquidity Draw or the Liquidity Limit is reduced in any way;
      or

              

      

       

      
        	
                 
      

              	
                (d)

              	
                to
      the extent any relevant law, official directive or request relates to or
      affects the Liquidity Limit, any Liquidity Draw or this agreement, the
      overall return on capital of the Liquidity Provider or any of its holding
      companies is reduced in any way,

              

      

       

      as a
result of any change in, any making of or any change in the interpretation or
application by any Government Agency of, any law, official directive or request,
then:

       

      
        	
                 
      

              	
                (e)

              	
                (when
      it has calculated the effect of the above and the amount to be charged to
      the Trustee under this clause) the Liquidity Provider shall promptly
      notify the Trust Manager and the Trustee;
and

              

      

       

      
        	
                 
      

              	
                (f)

              	
                on
      the following Payment Date the Trustee shall, subject to clause 5 of the
      Series Notice, pay for the account of the Liquidity Provider the amount
      certified by an Authorised Signatory of the Liquidity Provider to be
      necessary to compensate the Liquidity Provider for the increased cost or
      the reduction (from the date of the
notice).

              

      

       

      Without
limiting the above in any way, this clause applies:

       

      
        	
                 
      

              	
                (i)

              	
                to
      any law, official directive or request with respect to Taxation (other
      than any Tax on the net income of any person) or reserve, liquidity,
      capital adequacy, special deposit or similar
  requirements;

              

      

      
        
           

        

        
          Page
10

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (ii)

              	
                to
      official directives or requests which do not have the force of law where
      it is the practice of responsible bankers or financial institutions in the
      country concerned to comply with them;
and

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                where
      the increased cost or the reduction arises because the Liquidity Provider
      is restricted in its capacity to enter other transactions, is required to
      make a payment, or forgoes or earns reduced interest or other return on
      any capital or on any sum calculated by reference in any way to the amount
      of any Liquidity Draw, the Liquidity Limit or to any other amount paid or
      payable or received or receivable under this agreement or allocates
      capital to any such sum.

              

      

       

      
        	
                11.2

              	
                Minimisation

              

      

       

      
        	
                 
      

              	
                (a)

              	
                (No
      defence)  If the Liquidity Provider has acted in good
      faith it will not be a defence that any cost, reduction or payment
      referred to in this clause could have been
  avoided.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (Minimisation)  The
      Liquidity Provider shall use reasonable endeavours to minimise any cost,
      reduction or payment referred to in this clause, with a view to enabling
      the Trust Manager to be able to give a Rating Notification in relation to
      any such cost, reduction or payment (although the Liquidity Provider's
      entitlement to any such cost, reduction or payment shall not depend on the
      Trust Manager giving a Rating Notification in relation to such cost,
      reduction or payment).

              

      

       

      
        	
                11.3

              	
                Survival

              

      

       

      This
clause survives the repayment of any relevant Liquidity Draw and the termination
of this agreement.

       

      
        	
                11.4

              	
                Notification

              

      

       

      The Trust
Manager will promptly notify each Designated Rating Agency of any amount payable
under this clause 11 from time to time.

      
         

        
          
            	
                    12.

                  	
                    Conditions
      Precedent

                  

          

        

      

       

      
        	
                12.1

              	
                Conditions
      precedent to initial Drawdown
Notice

              

      

       

      The right
of the Trustee to give the initial Drawdown Notice and the obligations of the
Liquidity Provider under this agreement are subject to the condition precedent
that the Liquidity Provider receives all of the following in form and substance
satisfactory to the Liquidity Provider:

       

      
        	
                 
      

              	
                (a)

              	
                (verification certificate)
      a certificate in relation to the Trustee given by a director of the
      Trustee substantially in the form of annexure B with the attachments
      referred to and dated not earlier than 14 days before the first Drawdown
      Date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (Transaction
      Documents)  a copy of each duly executed and (where
      relevant) stamped Transaction
Document;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (Master Trust Deed conditions
      precedent)  evidence that the conditions precedent
      referred to in clause 13 of the Master Trust Deed have been
      satisfied;

              

      

      
        
           

        

        
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                (d)

              	
                (Security Trust
      Deed)  evidence that the Security Trust Deed has been or
      will be registered with each relevant Governmental Agency free from all
      prior Security Interests and third party rights and interests;
      and

              

      

       

      
        	
                 
      

              	
                (e)

              	
                (Notes)  evidence
      that the Notes have been issued.

              

      

       

      
        	
                12.2

              	
                Conditions
      precedent to each Liquidity Draw

              

      

       

      The
obligations of the Liquidity Provider to make available each Liquidity Draw are
subject to the further conditions precedent that no Event of Default subsists at
the date of the relevant Drawdown Notice and the relevant Drawdown Date or will
result from the provision of the Liquidity Draw.

      
         

        
          
            	
                    13.

                  	
                    Representations
      and Warranties

                  

          

        

      

       

      
        	
                13.1

              	
                Representations
      and warranties

              

      

       

      The
Trustee, in its capacity as trustee of the Trust, makes the following
representations and warranties (so far as they relate to the
Trust).

       

      
        	
                 
      

              	
                (a)

              	
                (Status)  It is
      a corporation validly existing under the laws of the place of its
      incorporation specified in this
agreement.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (Power)  It has
      the power to enter into and perform its obligations under the Transaction
      Documents to which it is expressed to be a party, to carry out the
      transactions contemplated by those documents and to carry on its business
      as now conducted or contemplated.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (Corporate
      authorisations)  It has taken all necessary corporate
      action to authorise the entry into and performance of the Transaction
      Documents to which it is expressed to be a party, and to carry out the
      transactions contemplated by those
documents.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                (Documents
      binding)  Each Transaction Document to which it is
      expressed to be a party is its valid and binding obligation enforceable in
      accordance with its terms, subject to any necessary stamping and
      registration and to laws, defences and principles of equity generally
      affecting creditors' rights.

              

      

       

      
        	
                 
      

              	
                (e)

              	
                (Transactions
      permitted)  The execution and performance by it of the
      Transaction Documents to which it is expressed to be a party and each
      transaction contemplated under those documents do not violate in any
      respect a provision of:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                a
      law or treaty or a judgment, ruling, order or decree of a Government Body
      binding on it;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                its
      constitution or other constituent documents;
or

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                any
      other document or agreement which is binding on it or its
      assets,

              

      

       

      and,
except as provided by the Transaction Documents, did not and will
not:

       

      
        	
                 
      

              	
                (iv)

              	
                create
      or impose a Security Interest on any of its assets;
  or

              

      

       

      
        	
                 
      

              	
                (v)

              	
                allow
      a person to accelerate or cancel an obligation with respect to any
      indebtedness in respect of financial accommodation, or constitute an event
      of default, cancellation event, prepayment event or similar event
      (whatever called) under an agreement relating to any such indebtedness,
      whether immediately or after notice or lapse of time or
    both.

              

      

      
        
           

        

        
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                (f)

              	
                (Authorisations)  Each
      Authorisation which is required in relation
to:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      execution, delivery and performance by it of the Transaction Documents to
      which it is expressed to be a party and the transactions contemplated by
      those documents;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      validity and enforceability of those documents;
  and

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                its
      business as now conducted or contemplated and which is
      material,

              

      

       

      has been
obtained or effected.  Each is in full force and effect.  It
has complied with each of them.  It has paid all applicable fees for
each of them.

       

      
        	
                 
      

              	
                (g)

              	
                (No
      misrepresentation)  All information provided by it to the
      Liquidity Provider is true in all material respects at the date of this
      agreement or, if later, when
provided.

              

      

       

      
        	
                 
      

              	
                (h)

              	
                (Agreements disclosed)  Each
      document or agreement to which it is a party which is material to the
      Transaction Documents or which has the effect of varying a Transaction
      Document has been disclosed to the Liquidity Provider in
      writing.

              

      

       

      
        	
                 
      

              	
                (i)

              	
                (Trust)  The
      Trust has been validly created and is in existence at the date of this
      agreement.

              

      

       

      
        	
                 
      

              	
                (j)

              	
                (Trust
      power)  It is empowered by the Master Trust
      Deed:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                to
      enter into and perform the Transaction Documents to which it is expressed
      to be a party and to carry on the transactions contemplated by those
      documents; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                to
      carry on the business of the Trust and to own the Assets of the
      Trust,

              

      

       

      in its
capacity as trustee of the Trust.  There is no restriction on or
condition of its doing so.

       

      
        	
                 
      

              	
                (k)

              	
                (Trust
      authorisations)  All necessary resolutions have been duly
      passed and all consents, approvals and other procedural matters have been
      obtained or attended to as required by the Master Trust Deed for it to
      enter into and perform the Transaction Documents to which it is expressed
      to be a party.

              

      

       

      
        	
                 
      

              	
                (l)

              	
                (Sole
      trustee)  It has been validly appointed as trustee of the
      Trust and is the sole trustee of the
Trust.

              

      

       

      
        	
                 
      

              	
                (m)

              	
                (Removal)  No
      notice has been given to it, and so far as it is aware no resolution has
      been passed or direction or notice has been given removing it as trustee
      of the Trust.

              

      

       

      
        	
                 
      

              	
                (n)

              	
                (No
      resettlement)  Other than as permitted by the Transaction
      Documents, it has not taken any action that will cause the property of the
      Trust to be re-settled, set aside or transferred to any other
      trust.

              

      

       

      
        	
                 
      

              	
                (o)

              	
                (No
      termination)  It has not taken any action that will cause
      the Trust to be terminated, nor has it taken any action that will result
      in the vesting of the assets of the
Trust.

              

      

       

      
        	
                 
      

              	
                (p)

              	
                (Right of
      indemnity)  It has not taken any action which will limit
      its right of indemnity out of, and lien over, the Assets of the
      Trust.

              

      

      
        
           

        

        
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                (q)

              	
                (Compliance with Master Trust
      Deed)  It has complied with its obligations and duties
      under the Master Trust Deed, the Series Notice and (to the best of its
      knowledge and belief) at law.  No one has alleged that it has
      not so complied.

              

      

       

      
        	
                13.2

              	
                Reliance
      on representations and warranties

              

      

       

      The
Trustee acknowledges that the Liquidity Provider has entered the Transaction
Documents in reliance on the representations and warranties in this
clause.

      
         

        
          
            	
                    14.

                  	
                    Undertakings

                  

          

        

      

       

      
        	
                14.1

              	
                General
      undertakings

              

      

       

      Each of
the Trustee and the Trust Manager undertake to the Liquidity Provider as follows
in relation to the Trust, except to the extent that the Liquidity Provider
consents.

       

      
        	
                 
      

              	
                (a)

              	
                (Authorisations)  It
      will ensure that each Authorisation required
  for:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      execution, delivery and performance by it of the Transaction Documents to
      which it is expressed to be a party and the transactions contemplated by
      those documents;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      validity and enforceability of those
    documents;  and

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                the
      carrying on by it of its business as
      now conducted or contemplated,

              

      

       

      is
obtained and promptly renewed and maintained in full force and
effect.  It will pay all applicable fees for them.  It will
provide copies promptly to the Liquidity Provider when they are obtained or
renewed.

       

      
        	
                 
      

              	
                (b)

              	
                (Negative
      pledge)  It will not create or allow to exist a Security
      Interest over the Assets of the Trust other
  than:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                under
      the Transaction Documents; or

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                a
      lien arising by operation of law in the ordinary course of day-to-day
      trading and not securing indebtedness in respect of financial
      accommodation where it duly pays the indebtedness secured by that lien
      other than indebtedness contested in good
faith.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (Comply with
      obligations)  It will duly and punctually comply with its
      obligations under the Transaction
Documents.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                (Notice to Liquidity
      Provider)  It will notify the Liquidity Provider and each
      Designated Rating Agency (if any) as soon as it becomes aware
      of:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                any
      Event of Default; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                any
      proposal by a Government Agency to acquire compulsorily any Assets of the
      Trust.

              

      

      
        
           

        

        
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                14.2

              	
                Undertakings
      relating to Trust

              

      

       

      The
Trustee, as trustee of the Trust, undertakes to the Liquidity Provider as
follows, except to the extent that the Liquidity Provider consents.

       

      
        	
                 
      

              	
                (a)

              	
                (Amendment to Master Trust
      Deed)  It will not consent to any amendment to the Master
      Trust Deed, the Series Notice or any other Transaction Document if that
      would change:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      basis upon which the amount of any Liquidity Draw to be made is
      calculated;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      entitlement of the Trustee to make any Liquidity Draw;
  or

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                the
      basis of calculation or order of application of any amount to be paid or
      applied under clause 5 of the Series
Notice.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (Resettlement)  It
      will not take any action that will result in a resettlement, setting aside
      or transfer of any asset of the Trust other than a transfer which complies
      with the Master Trust Deed, the Series Notice and the other Transaction
      Documents.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (No additional
      trustee)  It will act continuously as trustee of the
      Trust in accordance with the Master Trust Deed until the Trust has been
      terminated or until it has retired or been removed in accordance with the
      Master Trust Deed.

              

      

       

      
        	
                14.3

              	
                Term
      of undertakings

              

      

       

      Each
undertaking in this clause continues from the date of this agreement until all
moneys actually or contingently owing under this agreement are fully and finally
repaid.

      
         

        
          
            	
                    15.

                  	
                    Events
      of Default

                  

          

        

      

       

      
        	
                15.1

              	
                Events
      of Default

              

      

       

      Each of
the following is an Event of Default (whether or not it is in the control of the
Trustee).

       

      
        	
                 
      

              	
                (a)

              	
                (Payments)

              

      

       

      
        	
                 
      

              	
                (i)

              	
                At
      any time when the Available Liquidity Amount is zero, the Trustee fails to
      pay an amount payable by it under this agreement within 10 Business Days
      of its due date.

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                An
      amount is available for payment under clause 8 and the Trustee does not
      pay that amount.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (Insolvency
      Event)  An Insolvency Event
  occurs:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                in
      relation to the Trust (as if it was a relevant
      corporation for the purposes of the definition of Insolvency
      Event); or

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                in
      relation to the Trustee (as trustee of the Trust or in its personal
      capacity), and a successor trustee of the Trust is not appointed with 30
      days of that Insolvency Event.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (Termination Date) The Termination
      Date occurs in relation to the
Trust.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                (Enforcement of Security Trust
      Deed) An Event of Default (as defined in the Security Trust Deed)
      occurs and any action is taken to enforce the Security Interest under the
      Security Trust Deed over the Assets of the Trust (including appointing a
      receiver or receiver and manager or selling any of those
      Assets).

              

      

      
        
           

        

        
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                15.2

              	
                Consequences

              

      

       

      In
addition to any other rights provided by law or any Transaction Document, at any
time after an Event of Default (whether or not it is continuing) the Liquidity
Provider may do all or any of the following:

       

      
        	
                 
      

              	
                (a)

              	
                by
      notice to the Trustee and the Trust Manager declare all moneys actually or
      contingently owing under this agreement immediately due
      and payable, and the Trustee will immediately pay the Liquidity
      Outstandings together with accrued interest and fees and all such other
      moneys; and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                by
      notice to the Trustee and the Trust Manager cancel the Liquidity Limit
      with effect from any date specified in that
  notice.

              

      

      
         

        
          
            	
                    16.

                  	
                    Interest
      on Overdue Amounts

                  

          

        

      

       

      
        	
                16.1

              	
                Accrual

              

      

       

      Interest
accrues on each unpaid amount which is due and payable by the Trustee under or
in respect of this agreement (including interest payable under this
clause):

       

      
        	
                 
      

              	
                (a)

              	
                on
      a daily basis up to the date of actual payment from (and including) the
      due date or, in the case of an amount payable by way of reimbursement or
      indemnity, the date of disbursement or loss, if
  earlier;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                both
      before and after judgment (as a separate and independent obligation);
      and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                at
      the rate determined by the Liquidity Provider to be the sum of 2% per
      annum plus
      the higher of:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      rate (if any) applicable to the unpaid amount immediately before the due
      date; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      Bank Bill Rate on the first day of each Funding Period, plus the
      Margin.

              

      

       

      
        	
                16.2

              	
                Payment

              

      

       

      The
Trustee shall pay interest accrued under this clause on demand and on each
Payment Date, to the extent that amounts are available for that purpose under
clause 5.10(a)(iii)(C) of the Series Notice.

       

      
        	
                16.3

              	
                Limitation

              

      

       

      Clause
16.1 will only apply in relation to any unpaid Liquidity Draw if, at the time
the Liquidity Draw was required to be paid, the aggregate of all Liquidity Draws
was equal to or greater than the Liquidity Limit. 

      
        
           

        

        
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                    17.

                  	
                    Control
      Accounts

                  

          

        

      

       

      The
accounts kept by the Liquidity Provider constitute sufficient evidence, unless
proven wrong, of the amount at any time due from the Trustee under this
agreement.

      
         

        
          
            	
                    18.

                  	
                    Waivers,
      Remedies Cumulative

                  

          

        

      

       

      
        	
                 
      

              	
                (a)

              	
                No
      failure to exercise and no delay in exercising any right, power or remedy
      under this agreement operates as a waiver.  Nor does any single
      or partial exercise of any right, power or remedy preclude any other or
      further exercise of that or any other right, power or
    remedy.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      rights, powers and remedies provided to the Liquidity Provider in this
      agreement are in addition to, and do not exclude or limit, any right,
      power or remedy provided by law.

              

      

      
         

        
          
            	
                    19.

                  	
                    Severability
      of Provisions

                  

          

        

      

       

      Any
provision of this agreement which is prohibited or unenforceable in any
jurisdiction is ineffective as to that jurisdiction to the extent of the
prohibition or unenforceability.  That does not invalidate the
remaining provisions of this agreement nor affect the validity or enforceability
of that provision in any other jurisdiction.

      
         

        
          
            	
                    20.

                  	
                    Survival
      of Representations

                  

          

        

      

       

      All
representations and warranties in this agreement survive the execution and
delivery of this agreement and the provision of advances and
accommodation.

      
         

        
          
            	
                    21.

                  	
                    Indemnity
      and Reimbursement
Obligation

                  

          

        

      

       

      Unless
stated otherwise, each indemnity, reimbursement or similar obligation in this
agreement:

       

      
        	
                 
      

              	
                (a)

              	
                is
      a continuing obligation;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                is
      a separate and independent
obligation;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                is
      payable on demand; and

              

      

       

      
        	
                 
      

              	
                (d)

              	
                survives
      termination or discharge of this
agreement.

              

      

      
         

        
          
            	
                    22.

                  	
                    Moratorium
      Legislation

                  

          

        

      

       

      To the
full extent permitted by law all legislation which at any time directly or
indirectly:

       

      
        	
                 
      

              	
                (a)

              	
                lessens,
      varies or affects in favour of the Trustee any obligation under a
      Transaction Document; or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                delays,
      prevents or prejudicially affects the exercise by the Liquidity Provider
      of any right, power or remedy conferred by this
  agreement,

              

      

       

      is
excluded from this agreement.

      
        
           

        

        
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                    23.

                  	
                    Consents
      and Opinions

                  

          

        

      

       

      Except
where expressly stated the Liquidity Provider may give or withhold, or give
conditionally, approvals and consents, may be satisfied or unsatisfied, may form
opinions, and may exercise its rights, powers and remedies, at its absolute
discretion.

      
         

        
          
            	
                    24.

                  	
                    Assignments

                  

          

        

      

       

      No party
may assign or transfer any of its rights or obligations under this agreement
without the prior written consent of the other parties, or if the assignment
would result in a Rating Downgrade Event in relation to any
Note.

      
         

        
          
            	
                    25.

                  	
                    Notices

                  

          

        

      

       

      All
notices, requests, demands, consents, approvals, agreements or other
communications to or by a party to this agreement:

       

      
        	
                 
      

              	
                (a)

              	
                must
      be in writing;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                must
      be signed by an Authorised Signatory of the sender;
  and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                will
      be taken to be duly given or made:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                (in
      the case of delivery in person or by post) when delivered, received or
      left at the address of the recipient shown in this agreement or to any
      other address which it may have notified the
  sender;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                (in
      the case of facsimile transmission) on receipt of a transmission report
      confirming successful transmission;
and

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                (in
      the case of a telex) on receipt by the sender of the answerback code of
      the recipient at the end of
transmission,

              

      

       

      but if
delivery or receipt is on a day on which business is not generally carried on in
the place to which the communication is sent or is later than 4.00 pm (local
time), it will be taken to have been duly given or made at the commencement of
business on the next day on which business is generally carried on in that
place.

      
         

        
          
            	
                    26.

                  	
                    Authorised
      Signatories

                  

          

        

      

       

      The
Trustee irrevocably authorises the Liquidity Provider to rely on a certificate
by persons purporting to be its directors and/or secretaries as to the identity
and signatures of its Authorised Signatories.  The Trustee warrants
that those persons have been authorised to give notices and communications under
or in connection with this agreement.

      
         

        
          
            	
                    27.

                  	
                    Governing
      Law and Jurisdiction

                  

          

        

      

       

      This
agreement is governed by the laws of New South Wales.  The Trustee
submits to the non-exclusive jurisdiction of courts exercising jurisdiction
there.

      
        
           

        

        
          Page
18

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            	
                    28.

                  	
                    Counterparts

                  

          

        

      

       

      This
agreement may be executed in any number of counterparts.  All
counterparts together will be taken to constitute one
instrument.

      
         

        
          
            	
                    29.

                  	
                    Acknowledgement
      by Trustee

                  

          

        

      

       

      The
Trustee confirms that:

       

      
        	
                 
      

              	
                (a)

              	
                it
      has not entered into this agreement in reliance on, or as a result of, any
      statement or conduct of any kind of or on behalf of the Liquidity Provider
      (including any advice, warranty, representation or undertaking);
      and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the
      Liquidity Provider is not obliged to do anything (including disclose
      anything or give advice),

              

      

       

      except as
expressly set out in this agreement.

      
         

        
          
            	
                    30.

                  	
                    Limited
      Recourse

                  

          

        

      

       

      
        	
                30.1

              	
                General

              

      

       

      Clause 33
of the Master Trust Deed applies to the obligations and liabilities of the
Trustee and the Trust Manager under this agreement.

       

      
        	
                30.2

              	
                Liability
      of Trustee limited to its right to
indemnity

              

      

       

      
        	
                 
      

              	
                (a)

              	
                The
      Trustee enters into this agreement only in its capacity as trustee of the
      Trust and in no other capacity.  A liability arising under or in
      connection with this agreement or the Trust can be enforced against the
      Trustee only to the extent to which it can be satisfied out of property of
      the Trust out of which the Trustee is actually indemnified for the
      liability.  This limitation of the Trustee's liability applies
      despite any other provision of this agreement and extends to all
      liabilities and obligations of the Trustee in any way connected with any
      representation, warranty, conduct, omission, agreement or transaction
      related to this agreement or the
Trust.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      parties other than the Trustee may not sue the Trustee in any capacity
      other than as trustee of the Trust or seek the appointment of a receiver
      (except under the Security Trust Deed), or a liquidator, an administrator
      or any similar person to the Trustee or prove in any liquidation,
      administration or arrangements of or affecting the
  Trustee.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                The
      provisions of this clause 30 shall not apply to any obligation or
      liability of the Trustee to the extent that it is not satisfied because
      under a Transaction Document or by operation of law there is a reduction
      in the extent of the Trustee's indemnification out of the Assets of the
      Trust as a result of the Trustee's fraud, negligence or breach of
      trust.

              

      

      
        
           

        

        
          Page
19

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	
                 
      

              	
                (d)

              	
                It
      is acknowledged that the Trust Manager, the Servicer, the Currency Swap
      Provider, the Note Trustee, the Principal Paying Agent, the other Paying
      Agents and the Calculation Agent (each a Relevant
      Party) are responsible under this agreement and the other
      Transaction Documents for performing a variety of obligations relating to
      the Trust.  No act or omission of the Trustee (including any
      related failure to satisfy its obligations under this agreement) will be
      considered fraud, negligence or breach of trust of the Trustee for the
      purpose of sub-paragraph (c) to the extent to which the act or omission
      was caused or contributed to by any failure by any Relevant Party or any
      other person who provides services in respect of the Trust (other than a
      person who has been delegated or appointed by the Trustee and for whom the
      Trustee is responsible under this agreement or the relevant Transaction
      Documents, but excluding any Relevant Party) to fulfil its obligations
      relating to the Trust or by any other act or omission of a Relevant Party
      or any other person who provides services in respect of the Trust (other
      than a person who has been delegated or appointed by the Trustee and for
      whom the Trustee is responsible under this agreement or the relevant
      Transaction Documents, but excluding any Relevant
  Party).

              

      

       

      
        	
                 
      

              	
                (e)

              	
                No
      attorney, agent, receiver or receiver and manager appointed in accordance
      with this agreement or any other Transaction Documents (including a
      Relevant Party) has authority to act on behalf of the Trustee in a way
      which exposes the Trustee to any personal liability and no act or omission
      of any such person will be considered fraud, negligence or breach of trust
      of the Trustee for the purpose of sub-paragraph (c), if the Trustee has
      exercised reasonable care in the selection and supervision of such a
      person.

              

      

       

      
        	
                30.3

              	
                Unrestricted
      remedies

              

      

       

      Nothing
in clause 30.2 limits the Liquidity Provider in:

       

      
        	
                 
      

              	
                (a)

              	
                obtaining
      an injunction or other order to restrain any breach of this agreement by
      any party;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                obtaining
      declaratory relief; or

              

      

       

      
        	
                 
      

              	
                (c)

              	
                relation
      to its rights under the Security Trust
Deed.

              

      

       

      
        	
                30.4

              	
                Restricted
      remedies

              

      

       

      Except as
provided in clause 30.3, the Liquidity Provider shall not:

       

      
        	
                 
      

              	
                (a)

              	
                (judgment)  obtain
      a judgment for the payment of money or damages by the
    Trustee;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                (statutory
      demand)  issue any demand under s459E(1) of the
      Corporations Act (or any analogous provision under any other law) against
      the Trustee;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                (winding
      up)  apply for the winding up or dissolution of the
      Trustee;

              

      

       

      
        	
                 
      

              	
                (d)

              	
                (execution)  levy
      or enforce any distress or other execution to, on, or against any assets
      of the Trustee;

              

      

       

      
        	
                 
      

              	
                (e)

              	
                (court appointed
      receiver)  apply for the
      appointment by a court of a receiver to any of the assets of the
      Trustee;

              

      

       

      
        	
                 
      

              	
                (f)

              	
                (set-off or
      counterclaim)  exercise or seek to exercise any set-off
      or counterclaim against the Trustee;
or

              

      

       

      
        	
                 
      

              	
                (g)

              	
                (administrator) appoint,
      or agree to the appointment, of any administrator to the
      Trustee,

              

      

       

      or take
proceedings for any of the above and the Liquidity Provider waives its rights to
make those applications and take those proceedings.

      
        
           

        

        
          Page
20

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            	
                    31.

                  	
                    Liquidity
      Provider's Obligations

                  

          

        

      

       

      The
Trustee shall have no recourse to the Liquidity Provider in relation to this
agreement beyond its terms, and the Liquidity Provider's obligations under this
agreement are separate from, and independent to, any obligations the Liquidity
Provider may have to the Trustee for any other reason (including under any other
Transaction Document).

      
         

        
          
            	
                    32.

                  	
                    Successor
      Trustee

                  

          

        

      

       

      The
Liquidity Provider shall do all things reasonably necessary to enable any
successor Trustee appointed under clause 24 of the Master Trust Deed to become
the Trustee under this agreement.

      
         

        
          
            	
                    33.

                  	
                    Code
      of Banking Practice

                  

          

        

      

       

      The Code
of Banking Practice 2003, as amended in 2004, does not apply to this agreement
or any banking service provided under it.

       

      EXECUTED in
Sydney.

       

      Each
attorney executing this agreement states that he has no notice of revocation or
suspension of his power of attorney.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            	
                                                                    SIGNED on behalf
      of

                                                                  	
                                                                    )

                                                                  
	
                                                                    [*]

                                                                  	
                                                                    )

                                                                  
	 
      	
                                                                    )

                                                                  
	
                                                                    by
      its attorney

                                                                  	
                                                                    )

                                                                  
	
                                                                    in
      the presence of:

                                                                  	
                                                                    )

                                                                  	 
      
	 
      	 
      	
                                                                    Signature

                                                                  
	 	 	 
	 	 	 
	
                                                                    Witness

                                                                  	 
      	
                                                                    Print
      name

                                                                  
	 
      	 
      
	 	 
	
                                                                    Print
      name

                                                                  	 
      

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          Page
21

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	
                                                      SIGNED on behalf
      of

                                                    	
                                                      )

                                                    	 
      
	
                                                      WESTPAC
      BANKING CORPORATION

                                                    	
                                                      )

                                                    	 
      
	
                                                      by
      its attorneys

                                                    	
                                                      )

                                                    	 
      
	
                                                      in
      the presence of:

                                                    	
                                                      )

                                                    	 
      
	 
      	 
      	
                                                      Signature

                                                    
	 	 	 
	 
      	 
      	 
      
	
                                                      Witness

                                                    	 
      	
                                                      Print
      name

                                                    
	 	 	 
	 	 	 
	
                                                      Print
      name

                                                    	 
      	
                                                      Signature

                                                    
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                                                      Print
      name

                                                    

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    	
                                                                            SIGNED on behalf
      of

                                                                          	
                                                                            )

                                                                          
	
                                                                            WESTPAC
      SECURITISATION

                                                                          	
                                                                            )

                                                                          
	
                                                                            MANAGEMENT
      PTY LIMITED

                                                                          	
                                                                            )

                                                                          
	
                                                                            by
      its attorney

                                                                          	
                                                                            )

                                                                          
	
                                                                            in
      the presence of:

                                                                          	
                                                                            )

                                                                          	 
	 
      	 
      	
                                                                            Signature

                                                                          
	 	 	 
	 	 	 
	
                                                                            Witness

                                                                          	 
      	
                                                                            Print
      name

                                                                          
	 	 	 
	 
      	 
      
	
                                                                            Print
      name

                                                                          	 
      

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          Page
22

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      ANNEXURE
A

      
         

        DRAWDOWN
NOTICE 

      

      
        

      

       

      To:           [*]

       

      LIQUIDITY
FACILITY AGREEMENT - DRAWDOWN NOTICE NO. [*]

       

      We refer
to the Liquidity Facility Agreement dated on or about [*]
20[*]
(the Facility
Agreement).

       

      Under
clause 3.1 of the Liquidity Facility Agreement we give you irrevocable notice as
follows:

       

      
        	
                (1)

              	
                we
      wish to draw on [*]
      (the Drawdown
      Date);  [NOTE:  Date
      is to be a Business Day.]

              

      

       

      
        	
                (2)

              	
                the
      total principal amount to be drawn is [*];  [NOTE:  Amount
      to comply with the limits in clause
3.]

              

      

       

      
        	
                (3)

              	
                particulars
      of [each/the] Liquidity Draw are as
      follows:

              

      

       

      Principal
amount                                                                Funding
Period

       

      [NOTE:
Length of Funding Period to comply with clause 4.]

       

      
        	
                (4)

              	
                we
      request that the proceeds be remitted to account number [*] at [*];

              

      

       

      [NOTE:  The
account(s) to be completed only if funds not required in repayment of any
previous Liquidity Draw(s).]

       

      
        	
                (5)

              	
                we
      represent and warrant that no Event of Default under the Facility
      Agreement subsists or will result from the
  drawing.

              

      

       

      Definitions
in the Facility Agreement apply in this Drawdown Notice.

       

      [*] as trustee of
the Series [*] WST Trust

       

      

      
        
          	
                  By:

                	
                  [Authorised
      Signatory]

                
	 
      	 
      
	
                  DATED

                	 
      

        

      

      
        
           

        

        
          Page
23

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      ANNEXURE
B

      
         

        VERIFICATION
CERTIFICATE 

      

      
        

      

       

      To:  [*]

       

      LIQUIDITY
FACILITY AGREEMENT

       

      I [*] am an [attorney /
Authorised Signatory] of [*]

       

      (the
Company).

       

      I refer
to the Liquidity Facility Agreement (the Facility
Agreement) dated on or about [*]
200[*]
between the Company as Trustee, [*]
and Westpac Securitisation Management Pty Limited.

       

      Definitions
in the Facility Agreement apply in this Certificate.

       

      I
CERTIFY as follows.

       

      
        	
                1.

              	
                Attached
      to this Certificate are complete and up to date copies
  of:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                unless
      paragraph 2 below applies, the constitution of the Company (marked A);
      and

              

      

       

      
        	
                 
      

              	
                (b)

              	
                a
      power of attorney granted by the Company for the execution of the Facility
      Agreement to which it is expressed to be a party (marked B).  That
      power of attorney has not been revoked or suspended by the Company and
      remains in full force and effect.

              

      

       

      
        	
                2.

              	
                If
      the constitution of the Company is not attached to this certificate, there
      has been no change to them since the Company last gave a certified copy of
      them to [*].

              

      

       

      
        	
                3.

              	
                The
      following are signatures of the Authorised Signatories of the Company and
      the persons who have been authorised to sign the Facility Agreement and to
      give notices and communications under or in connection with the Facility
      Agreement.  If no signatures are set out below, the Authorised
      Signatories with respect to the Facility Agreement have the same meaning
      as given in the Master Trust Deed.

              

      

       

      Authorised
Signatories

       

      
        
          
            
              
                
                  
                    
                      	
                              Name

                            	
                              Position

                            	
                              Signature       
      

                            	 
	 
      	 
      	 
      	 	 
	
                              *

                            	
                              *

                            	 
      	 	 
	 
      	 
      	 
      	 	 
	
                              *

                            	
                              *

                            	 
      	 	 
	 
      	 
      	 
      	 	 
	
                              *

                            	
                              *

                            	 
      	 	 

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          Page
24

          
            

          

        

        
           

        

      

      
        

        
          
            
              
                	
                        Series
      [*] WST Trust Liquidity Facility

                        Agreement

                      	
                        

                      
	 
      	 
      

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                         

                                        Signatories

                                         

                                      

                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      	
                                                              Name

                                                            	
                                                              Position

                                                            	
                                                              Signature       
      

                                                            	 
	 
      	 
      	 
      	 	 
	
                                                              *

                                                            	
                                                              *

                                                            	 
      	 	 
	 
      	 
      	 
      	 	 
	
                                                              *

                                                            	
                                                              *

                                                            	 
      	 	 
	 
      	 
      	 
      	 	 
	
                                                              *

                                                            	
                                                              *

                                                            	 
      	 	 

                                                    

                                                     

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            
              	
                      Signed:

                    	 
      
	 
      	
                      [Attorney
      / Authorised Signatory]

                    
	 
      	 
      
	 
      	 
      
	 
      	
                      Print
      name

                    

            

          

        

      

       

      DATED
                                 

      
        
           

        

        
          Page
25Exhibit
10.4

    
 

    
      
        	
                TO:  [*]

              	
                [*]

              
	 
      	 
      
	
                as
      trustee of the Series [*] WST Trust

              	
                Attention: [*]

              
	
                [*]

              	 
      
	 
      	 
      
	
                Attention:
      [*]

              	 
      
	 
      	 
      
	
                Date:
      [*]

              	 
      

      

    

    

    CONFIRMATION
– FIXED RATE BASIS SWAP – SERIES [*] WST TRUST

    

    The
purpose of this letter is to confirm the terms and conditions of the transaction
entered into between us on the terms specified below (the "Transaction").  This
letter constitutes a "Confirmation" as referred to
in the Master Agreement specified below.

    

    This
Confirmation is entered into by [*] ABN [*] as trustee of the Series [*]
WST Trust (the "Trust").

    

    This
Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master
Agreement dated [*], with a schedule headed “Schedule to the Basis Swaps”, as
amended, novated or supplemented from time to time (the "Agreement"), between [*] ABN [*] ("Party A") and [*] ABN [*] as
trustee of the Trust ("Party
B").

    

    All
provisions contained in the Agreement govern this Confirmation except as
expressly modified below. All other terms used and not defined in this
Confirmation have the meaning given in the Master Trust Deed (“Trust Deed”) between Party B
and The Mortgage Company Pty Limited or the Series [*] WST Trust Series Notice
(the “Series Notice”)
between Party A, Party B, Westpac Securitisation Management Pty Limited and
others.

    

    The terms
of the particular Transaction to which this Confirmation relates are specified
below:

    

    
      	
              1.

            	
              Description
      of the Transaction

            

    

    

    
      
        
          	
                  1.  
       Fixed Rate Home Loan:

                	 	
                  Each
      Purchased Receivable from time to time that bears a fixed rate of interest
      [(excluding each Purchased Receivable with an introductory fixed rate of
      interest of one year or less).]

                
	 
      	 	 
      
	
                  2.   
      Fixed Rate Home Loan Amount:

                	 	
                  In
      relation to a Calculation Period, means the aggregate Housing Loan
      Principal of all Fixed Rate Home Loans on the last day of the previous
      Calculation Period or, in the case of the first Calculation Period, on the
      Effective Date.  "Calculation Period" has the meaning given to
      it in the Series Notice.

                
	 
      	 	 
      
	
                  3.   
      Trade Date:

                	 	
                  [*]

                
	 
      	 	 
      
	
                  4.   
      Effective Date:

                	 	
                  The
      Closing Date

                
	 
      	 	 
      
	
                  5.   
      Maturity Date:

                	 	
                  Payment
      Date falling in [*]

                
	 
      	 	 
      
	
                  6.   
      Termination Date:

                	 	
                  The
      earlier of:

                
	 
      	 	 
      
	 
      	 	
                  a.    the
      date which is one month after the Notes have been redeemed in full in
      accordance with the Series Notice;
and

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	 
      	 	
                b.    the
      Maturity Date,

              
	 
      	 	 
      
	 
      	 	
                subject
      in each case to adjustment in accordance with the Applicable Business Day
      Convention.

              
	 
      	 	 
      
	
                2.  
      Floating Rate Amounts

              	 	 
      
	 
      	 	 
      
	
                1.    Floating
      Rate Payer:

              	 	
                Party
      A

              
	 
      	 	 
      
	
                2.    Calculation
      Amount:

              	 	
                In
      relation to a Payment Date, means the Fixed Rate Home Loan Amount for the
      Calculation Period ending immediately prior to that Payment
      Date.

              
	 
      	 	 
      
	
                3.    Calculation
      Period:

              	 	
                From
      and including one Payment Date to and excluding the next Payment Date,
      except for the first Calculation Period which commences on and includes
      the Effective Date.

              
	 
      	 	 
      
	
                4.    Payment
      Dates:

              	 	
                Each
      [*], [*], [*] and [*], from and including [*] to and including the
      Termination Date, subject to adjustment in accordance with the Applicable
      Business Day Convention

              
	 
      	 	 
      
	
                5.    Floating
      Rate Option:

              	 	
                [Bank
      Bill Rate]

              
	 
      	 	 
      
	
                6.    Spread:

              	 	
                [The
      percentage per annum equal to the Weighted Average Margin and Fees payable
      on the relevant Payment Date plus [*]%

              
	 
      	 	 
      
	 
      	 	
                where:

              
	 
      	 	 
      
	 
      	 	
                Weighted
      Average Margin and Fees means the sum of:

              
	 
      	 	 
      
	 
      	 	
                1.    the
      product of [*]% and the Class A Invested Amount;

              
	 
      	 	 
      
	 
      	 	
                2.    the
      product of [*]% and the Class B Invested Amount;

              
	 
      	 	 
      
	 
      	 	
                3.    the
      accrued availability fee payable under the Redraw Facility Agreement on
      the relevant Payment Date;

              
	 
      	 	 
      
	 
      	 	
                4.    the
      accrued draw fee payable under the Redraw Facility Agreement on the
      relevant Payment Date less that part of the accrued draw fee which is a
      function of the Bank Bill Rate; and

              
	 
      	 	 
      
	 
      	 	
                5.    the
      accrued interest and commitment fee payable under the Liquidity Facility
      Agreement on the relevant Payment Date,

              
	 
      	 	 
      
	 
      	 	
                divided
      by the sum of the Invested Amount of all Notes.]

              
	 
      	 	 
      
	
                7.    Floating
      Rate Day Count Fraction:

              	 	
                Actual
      / 365 (Fixed)

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

       

    
      
        
          
            	
                    8.    Applicable
      Business Day Convention:

                  	 	 
      
	 
      	 	 
      
	
                    -    
      Period End Date

                  	 	
                    Modified
      Following Business Day Convention

                  
	 
      	 	 
      
	
                    -    
      Payment Date

                  	 	
                    Modified
      Following Business Day Convention

                  
	 
      	 	 
      
	
                    -    
      Termination Date

                  	 	
                    Following
      Business Day Convention

                  
	 
      	 	 
      
	
                    9.    Business
      Days:

                  	 	
                    [Sydney,
      London, New York]

                  
	 
      	 	 
      
	
                    10.  Reset
      Dates:

                  	 	
                    The
      Effective Date and each Payment Date.

                  
	 
      	 	 
      
	
                    11. 
      Compounding:

                  	 	
                    Inapplicable

                  
	 
      	 	 
      
	
                    3.   Fixed
      Rate Amounts

                  	 	 
      
	 
      	 	 
      
	
                    1.    Fixed
      Rate Payer:

                  	 	
                    Party
      B

                  
	 
      	 	 
      
	
                    2.    Calculation
      Amount:

                  	 	
                    In
      relation to a Payment Date, means the Fixed Rate Home Loan Amount for the
      Calculation Period ending immediately prior to that Payment
      Date.

                  
	 
      	 	 
      
	
                    3.    Fixed
      Rate:

                  	 	
                    [The
      Fixed Rate for a Payment Date will be the Weighted Average Customer Rate
      on the Determination Date which immediately precedes that Payment Date,
      where the Weighted Average Customer Rate is defined as:

                  
	 
      	 	 
      
	 
      	 	
                    ån (VOLi x
      CRi)

                  
	 
      	 	
                    ån
    (AVOL)

                  

          

        

      

    

    

    
      
        
          
            
              	 
      	
                      Where:

                    	 
      
	 
      	
                      VOLi
      =

                    	
                      the
      Housing Loan Principal of each Fixed Rate Home Loan  on each day
      (n) of the Calculation Period ending immediately prior to that
      Determination Date

                    
	 
      	 
      	 
      
	 
      	
                      CRi
      =

                    	
                      the
      interest rate applied to each Fixed Rate Home Loan on each day (n) during
      the Calculation Period ending immediately prior to that Determination
      Date

                    
	 
      	 
      	 
      
	 
      	
                      AVOL
      =

                    	
                      the
      aggregate Housing Loan Principal of all Fixed Rate Home Loans as at each
      day (n) during the Calculation Period ending immediately prior to that
      Determination Date

                    
	 
      	 
      	 
      
	 
      	
                      n
      =

                    	
                      each
      day in the Calculation Period.]

                    
	 
      	 
      	 
      
	
                      4.    Calculation
      Period:

                    	
                      The
      period from and including the first day of each Collection Period to but
      excluding the first day of the next Collection Period, except for the
      first Calculation Period which commences on and includes the Effective
      Date.

                    
	 
      	 
      
	
                      5.    Payment
      Dates:

                    	
                      Each
      [*], [*], [*] and [*], from and including [*] to and including the
      Termination Date, subject to adjustment in accordance with the Applicable
      Business Day
Convention.

                    

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

      

    
      
        	
                6.    Fixed
      Rate Day Count Fraction:

              	 	
                Actual
      / 365 (Fixed)

              
	 
      	 	 
      
	
                7.    Compounding:

              	 	
                Inapplicable

              
	 
      	 	 
      
	
                4.    Account
      details

              	 	 
      
	 
      	 	 
      
	
                1.    Payments to Party
      A

                  

                Account for payments in
      A$:

              	 	
                The account notified in
      writing by Party A to Party B from time to time.

              
	 
      	 	 
      
	
                2.    Payments to Party
      B

                  

                Account for payments in
      A$:

              	 	
                The account notified in
      writing by Party B to Party A from time to
  time.

              

      

    

    

    
      	
              5.

            	
              Offices

            

    

     

    The Office of Party A for
this Transaction is [*].

     

    The Office of Party B for
this Transaction is [*].

    

    
      	
              6.

            	
              Other:
      Trustee Provisions

            

    

    

    Party B's
obligation to make payments under this Transaction will be limited to the extent
it has funds available to make such payment as determined in accordance with the
Series Notice.  To the extent that, as a result of having insufficient
funds available, Party B makes only a partial payment of any amount due to Party
A, then Party A will reduce its corresponding payment obligation to Party B by
the same percentage reduction, but otherwise will not be discharged from its
obligations under this Transaction.

     

    To the
extent that Party B is obliged to deduct or withhold any Tax from an amount
payable by it under this Transaction, Party A will reduce its corresponding
payment to Party B by the amount deducted or withheld by Party B, but otherwise
will not be discharged from its obligations under this Transaction.

     

    Please
confirm your acceptance of this Transaction by signing and returning this
Confirmation to us.

    

    
      
        
          	
                  Confirmed
      as at the date first written above:

                	 	
                  Confirmed
      as at the date first written above:

                
	 
      	 	 
      
	
                  SIGNED
      for and on behalf of [*]
      ABN [*]

                  as
      trustee of the Series [*] WST Trust

                	 	
                  SIGNED
      for and on behalf of [*]
      ABN [*]

                
	 
      	 	
                  By

                
	
                  By:

                	 	 
      
	
                  (Authorised
      Officer)

                	 	
                  Name:

                
	 
      	 	 
      
	
                  Name:

                	 	
                  Title:

                
	 
      	 	 
      
	
                  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]