Document:

EX-10.1

 Exhibit 10.1 
 LRAD CORPORATION 
 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is effective as of [—] by
and between LRAD Corporation, a Delaware corporation (the “Company”), and [—] (“Indemnitee”). 

RECITALS 

A. The Company recognizes the difficulty in obtaining liability insurance for its directors, officers, employees, controlling persons,
fiduciaries and other agents and affiliates, the significant cost of such insurance and the general limitations in the coverage of such insurance. 
 B. The Company further recognizes the substantial increase in corporate litigation in general, subjecting directors, officers, employees, controlling persons, fiduciaries and other agents and affiliates
to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. 
 C. The current protection available to directors, officers, employees, controlling persons, fiduciaries and other agents and affiliates of the Company may not be adequate under the present circumstances,
and directors, officers, employees, controlling persons, fiduciaries and other agents and affiliates of the Company (or persons who may be alleged or deemed to be the same), including the Indemnitee, may not be willing to serve or continue to serve
or be associated with the Company in such capacities without additional protection. 
 D. The Company (a) desires to
attract and retain the involvement of highly qualified persons, such as Indemnitee, to serve and be associated with the Company, and (b) accordingly, wishes to provide for the indemnification and advancement of expenses to the Indemnitee to the
maximum extent permitted by law. 
 E. In view of the considerations set forth above, the Company desires that Indemnitee shall
be indemnified and advanced expenses by the Company as set forth herein. 
 AGREEMENT 

In consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows: 
 1. Certain Definitions. 

(a) “Claim” shall mean with respect to a Covered Event (as defined below): any threatened, asserted, pending or
completed action, suit, proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative dispute
resolution mechanism, whether civil, criminal, administrative, investigative or other. 
 (b) References to the
“Company” shall include, in addition to LRAD Corporation, any constituent corporation (including any constituent of a constituent) subject to a consolidation or merger to which LRAD Corporation (or any of its wholly owned subsidiaries) is
a party, which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of
such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust or other
enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had
continued. 
 (c) “Covered Event” shall mean any event or occurrence related to the fact that Indemnitee is or
was a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, direct or indirect, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another
corporation, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity. 

 (d) “Expense Advance” shall mean a payment to Indemnitee for Expenses
pursuant to Section 3 hereof, in advance of the settlement of or final judgment in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation, which constitutes a Claim. 

(e) “Expenses” shall mean any and all direct and indirect costs, losses, claims, damages, fees, expenses and
liabilities, joint or several (including reasonable attorneys’ fees and all other costs, expenses and obligations reasonably incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or
preparing to defend, to be a witness in or to participate in, any action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such settlement
is approved in advance by the Company, which approval shall not be unreasonably withheld), actually and reasonably incurred, in respect of any Claim and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual
or deemed receipt of any payments under this Agreement. 
 (f) “Independent Legal Counsel” shall mean an
attorney or firm of attorneys, selected in accordance with the provisions of Section 2(d) hereof, who shall not have otherwise performed services for the Company or Indemnitee within the last three (3) years (other than with respect to
matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 

(g) References to “other enterprises” shall include employee benefit plans; references to “fines” shall
include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of
the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as
referred to in this Agreement. 
 (h) “Reviewing Party” shall mean, subject to the provisions of
Section 2(d), any person or body appointed by the Board of Directors in accordance with applicable law to review the Company’s obligations hereunder and under applicable law, which may include a member or members of the Company’s
Board of Directors, Independent Legal Counsel or any other person or body not a party to the particular Claim for which Indemnitee is seeking indemnification, exoneration or hold harmless rights. 

(i) “Section” refers to a section of this Agreement unless otherwise indicated. 

2. Indemnification. 
 (a) Indemnification of Expenses. Subject to the provisions of Section 2(b) below, the Company shall indemnify, exonerate or hold harmless Indemnitee for Expenses to the fullest extent
permitted by law if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any Claim (whether by reason of or arising in part out of a Covered Event),
including all interest, assessments and other charges incurred in connection with or in respect of such Expenses. 
 (b)
Review of Indemnification Obligations. Notwithstanding the foregoing, in the event any Reviewing Party shall have determined (in a written opinion, in any case in which Independent Legal Counsel is the Reviewing Party) that Indemnitee is
not entitled to be indemnified, exonerated or held harmless hereunder under applicable law, (i) the Company shall have no further obligation under Section 2(a) to make any payments to Indemnitee not made prior to such determination by such
Reviewing Party and (ii) the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all Expenses theretofore paid in indemnifying, exonerating or holding harmless Indemnitee (within thirty
(30) days after such determination); provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee is entitled to be
indemnified, exonerated or held harmless hereunder under applicable law, any determination made by any Reviewing Party that Indemnitee is not entitled to be indemnified hereunder under applicable law shall not be binding and Indemnitee shall not be
required to reimburse the Company for any Expenses theretofore paid in indemnifying, exonerating or holding harmless Indemnitee until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been
exhausted or 

  
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lapsed). Indemnitee’s obligation to reimburse the Company for any Expenses shall be unsecured and no interest shall be charged thereon. If the Reviewing Party shall not have made a
determination whether the Indemnitee is entitled to indemnification within thirty (30) days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made
and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with
the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is expressly prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time,
not to exceed an additional fifteen (15) days, if the Reviewing Party in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto and provided further that the pendency
of any judicial determination referred to in subsection (ii) shall not be deemed to toll the thirty-day determination period referred to herein. 
 (c) Indemnitee Rights on Unfavorable Determination; Binding Effect. If any Reviewing Party determines that Indemnitee substantively is not entitled to be indemnified, exonerated or held
harmless hereunder in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any such determination by such Reviewing Party or any aspect thereof,
including the legal or factual bases therefor, and, subject to the provisions of Section 15 hereof, the Company hereby consents to service of process and to appear in any such proceeding. Absent such litigation, any determination by any
Reviewing Party shall be conclusive and binding on the Company and Indemnitee. 
 (d) Selection of Reviewing
Party. The Reviewing Party with respect to all matters arising concerning Indemnitee’s indemnification, exoneration or hold harmless rights for Expenses under this Agreement or any other agreement or under the Company’s
Certificate of Incorporation or bylaws as now or hereafter in effect, or under any other applicable law, if requested by Indemnitee, shall be Independent Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be
unreasonably withheld). If not so requested by Indemnitee, the Reviewing Party with respect to such matters shall be selected by the Board of Directors. Such counsel, among other things, shall render its written opinion to the Company and Indemnitee
as to whether and to what extent Indemnitee would be entitled to be indemnified, exonerated or held harmless hereunder under applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the
Independent Legal Counsel referred to above and to fully indemnify, exonerate and hold harmless such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement
or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in connection with all matters concerning a single
Indemnitee, and such Independent Legal Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the Company otherwise determines or (ii) any Indemnitee shall provide a written statement setting forth in
detail a reasonable objection to such Independent Legal Counsel representing other Indemnitees. 
 (e) Mandatory Payment of
Expenses. Notwithstanding any other provision of this Agreement other than Section 10 hereof, to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action
without prejudice, in defense of any Claim, Indemnitee shall be indemnified, exonerated and held harmless against all Expenses incurred by Indemnitee in connection therewith. 
 (f) Contribution. If the indemnification, exoneration or hold harmless rights provided for in this Agreement is for any reason held by a court of competent jurisdiction to be unavailable to an
Indemnitee, then in lieu of indemnifying, exonerating or holding harmless Indemnitee thereunder, the Company shall contribute to the amount paid or payable by Indemnitee as a result of such Expenses (i) in such proportion as is appropriate to
reflect the relative benefits received by the Company and Indemnitee or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of the Company and Indemnitee in connection with the action or inaction which resulted in such Expenses, as well as any other relevant equitable considerations. In connection with
the registration of the Company’s securities, the relative benefits received by the Company and Indemnitee shall be deemed to be in the same respective proportions that the net proceeds from the offering (before deducting expenses) received by
the Company and Indemnitee, in each case as set forth in the table on the cover page of the applicable prospectus, bear to the aggregate public offering price of the securities so offered. The relative fault of the Company

  
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and Indemnitee shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material
fact relates to information supplied by the Company or Indemnitee and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The Company and Indemnitee agree that it would not be just and equitable if contribution pursuant to this Section 2(f) were
determined by pro rata or by any other method of allocation which does not take into account the equitable considerations referred to in the immediately preceding paragraph. In connection with the registration of the Company’s securities,
in no event shall Indemnitee be required to contribute any amount under this Section 2(f) in excess of the net proceeds received by Indemnitee from its sale of securities under such registration statement. No person found guilty of
fraudulent misrepresentation (within the meaning of Section 11(1) of the Securities Act) shall be entitled to contribution from any person who was not found guilty of such fraudulent misrepresentation. 

3. Expense Advances. 
 (a) Obligation to Make Expense Advances. The Company shall make Expense Advances to Indemnitee upon receipt of a written undertaking by or on behalf of the Indemnitee to repay such amounts if
it shall ultimately be determined that the Indemnitee is not entitled to be indemnified, exonerated or held harmless therefor by the Company. 
 (b) Form of Undertaking. Any written undertaking by the Indemnitee to repay any Expense Advances hereunder shall be unsecured and no interest shall be charged thereon. 

4. Procedures for Indemnification and Expense Advances. 
 (a) Timing of Payments. All payments of Expenses (including without limitation Expense Advances) by the Company to the Indemnitee pursuant to this Agreement shall be made to the fullest extent
permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than thirty (30) days after such written demand by Indemnitee is presented to the Company, except in the case
of Expense Advances, which shall be made no later than twenty (20) days after such written demand by Indemnitee is presented to the Company. 
 (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified, exonerated or held harmless or Indemnitee’s right to receive
Expense Advances under this Agreement, give the Company notice in writing as soon as practicable of any Claim made against Indemnitee for which indemnification, exoneration or hold harmless right will or could be sought under this
Agreement. Notice to the Company shall be directed to the President and the Secretary of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to
Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee’s power. 
 (c) No Presumptions; Burden of Proof. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or
upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification, exoneration
or hold harmless right is not permitted by this Agreement or applicable law. In addition, neither the failure of any Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any
particular belief, nor an actual determination by any Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination
that Indemnitee should be indemnified, exonerated or held harmless under this Agreement or applicable law, shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did
not have any particular belief. In connection with any determination by any Reviewing Party or otherwise as to whether the Indemnitee is entitled to be indemnified, exonerated or held harmless hereunder, the burden of proof shall be on the
Company to establish that Indemnitee is not so entitled. 

  
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 (d) Notice to Insurers. If, at the time of the receipt by the Company of a
notice of a Claim pursuant to Section 4(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter take all reasonably necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Claim in
accordance with the terms of such policies. 
 (e) Selection of Counsel. In the event the Company shall be obligated
hereunder to provide indemnification, exoneration or hold harmless rights for or make any Expense Advances with respect to the Expenses of any Claim, the Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel
approved by Indemnitee (which approval shall not be unreasonably withheld) upon the delivery to Indemnitee of written notice of the Company’s election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same Claim; provided,
however, that (i) Indemnitee shall have the right to employ Indemnitee’s separate counsel in any such Claim at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously
authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company shall not continue to retain such
counsel to defend such Claim, then the fees and expenses of Indemnitee’s separate counsel shall be Expenses for which Indemnitee may receive indemnification, exoneration or hold harmless rights or Expense Advances hereunder. The Company
shall have the right to conduct such defense as it sees fit in its sole discretion, including the right to settle any claim, action or proceeding against Indemnitee without the consent of Indemnitee, provided that the terms of such settlement
include either: (i) a full release of Indemnitee by the claimant from all liabilities or potential liabilities under such claim; or (ii) in the event such full release is not obtained, the terms of such settlement do not limit any
indemnification, exoneration or hold harmless rights Indemnitee may now, or hereafter, be entitled to under this Agreement, the Company’s Certificate of Incorporation, bylaws, any agreement, any vote of stockholders or disinterested directors,
the General Corporation Law of the State of Delaware (the “DGCL”) or otherwise. 
 5. Additional
Indemnification Rights; Nonexclusivity. 
 (a) Scope. The Company hereby agrees to indemnify, exonerate and hold
harmless the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification, exoneration or hold harmless right is not specifically authorized by the other provisions of this Agreement, the Company’s Certificate of
Incorporation, the Company’s bylaws or by statute. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a Delaware corporation to indemnify, exonerate or hold
harmless a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any
change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify, exonerate or hold harmless a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the extent not
otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 10(a) hereof. 

(b) Spousal Indemnification. If a Claim for which Indemnitee is entitled to be indemnified hereunder asserts a claim against
(i) the lawful spouse or legally recognized domestic partner of Indemnitee or (ii) a property interest of such spouse or domestic partner, then indemnification shall be extended to such spouse or domestic partner to the extent that the
Claim does not arise from any actual or alleged act, error or omission of such spouse or domestic partner. 
 (c)
Nonexclusivity. The indemnification, exoneration or hold harmless rights and the payment of Expense Advances provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under the Company’s
Certificate of Incorporation, its bylaws, any other agreement, any vote of stockholders or disinterested directors, the DGCL, any applicable law or otherwise. The indemnification, exoneration or hold harmless rights and the payment of Expense
Advances provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified, exonerated or held harmless capacity even though subsequent thereto Indemnitee may have ceased to serve in such
capacity. 

  
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 6. No Duplication of Payments. The Company shall not be liable under this
Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of the Company’s Certificate of Incorporation, bylaws or
otherwise) of the amounts otherwise payable hereunder. 
 7. Partial Indemnification. If Indemnitee is entitled
under any provision of this Agreement to indemnification, exoneration or hold harmless rights by the Company for some or a portion of Expenses incurred in connection with any Claim, but not, however, for the total amount thereof, the Company shall
nevertheless indemnify, exonerate or hold harmless Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 

8. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, federal law or applicable
public policy may prohibit the Company from indemnifying, exonerating or holding harmless its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company may
be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification, exoneration or hold harmless rights to a court in certain circumstances for a determination of the Company’s right
under public policy to indemnify, exonerate or hold harmless Indemnitee. 
 9. Liability Insurance.

(a) The Company shall maintain directors and officers liability insurance, including, in the event of a change in control of the Company,
“tail” insurance, in reasonable and customary amounts as determined by standard practices for companies in the same or comparable industry and with the same or comparable financial results, stock trading price and history and market
capitalization. Such insurance shall provide coverage to Indemnitee (i) during the period Indemnitee serves as a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, or serves at the request of
the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, and (ii) for a period of no less than six (6) years following the conclusion of such
service.
 (b) If, at any time, the Company shall fail to obtain the directors and officers insurance as set forth above in
Section 9(a), then, without relieving the Company of the obligation so to provide such insurance, the Company shall obtain a “tail” policy covering Indemnitee to extend for the remainder of the coverage period set forth above in
Section 9(a). 
 (c) Indemnitee shall be covered by any such policy in such a manner as to provide Indemnitee the same
rights and benefits as are provided to the most favorably insured of the Company’s directors who are not employees of the Company, if Indemnitee is a director who is not employed by the Company; or of the Company’s officers, if Indemnitee
is a director of the Company and is also employed by the Company, or is not a director of the Company but is an officer; or in the Company’s sole discretion, if Indemnitee is not an officer or director but is a key employee, agent or
fiduciary. If the Company receives notice from any source of a Claim as to which Indemnitee is a party or a participant (as a witness or otherwise), the Company shall give prompt notice of such Claim to the directors and officers liability
insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such
Claim in accordance with the terms of such policies. 
 10. Exceptions. Notwithstanding any other provision of this
Agreement, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Excluded Action or
Omissions. To indemnify, exonerate or hold harmless Indemnitee for Expenses resulting from acts, omissions or transactions for which Indemnitee is prohibited from receiving indemnification, exoneration or hold harmless rights under this
Agreement or applicable law; provided, however, that notwithstanding any limitation set forth in this Section 10(a) regarding the Company’s obligation to provide indemnification, exoneration or hold harmless rights to Indemnitee,
Indemnitee shall be entitled under Section 3 to receive Expense Advances hereunder with respect to any such Claim unless and until a court having jurisdiction over the Claim shall have made a final judicial determination (as to which all rights
of appeal therefrom have been 

  
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exhausted or lapsed) that Indemnitee has engaged in acts, omissions or transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law.

 (b) Claims Initiated by Indemnitee. To indemnify, exonerate or hold harmless or make Expense Advances to
Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, counterclaim or cross claim, except (i) with respect to actions or proceedings brought to establish or enforce an indemnification,
exoneration or hold harmless right under this Agreement or any other agreement or insurance policy or under the Company’s Certificate of Incorporation or bylaws now or hereafter in effect relating to Claims for Covered Events, (ii) in
specific cases if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the DGCL, regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, exoneration, hold harmless right, Expense Advances or insurance recovery, as the case may be. 
 (c) Lack of
Good Faith. To indemnify, exonerate or hold harmless Indemnitee for any Expenses incurred by the Indemnitee with respect to any action instituted (i) by Indemnitee to enforce or interpret this Agreement, if a court having jurisdiction
over such action determines as provided in Section 13 hereof that each of the material assertions made by the Indemnitee as a basis for such action was not made in good faith or was frivolous, or (ii) by or in the name of the Company to
enforce or interpret this Agreement, if a court having jurisdiction over such action determines as provided in Section 13 hereof that each of the material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous.

 (d) Claims Under Section 16(b). To indemnify, exonerate or hold harmless Indemnitee for expenses and the
payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; provided, however, that notwithstanding
any limitation set forth in this Section 10(d) regarding the Company’s obligation to provide indemnification or exoneration or hold harmless, Indemnitee shall be entitled under Section 3 hereof to receive Expense Advances hereunder
with respect to any such Claim unless and until a court having jurisdiction over the Claim shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said
statute. 
 11. Counterparts. This Agreement may be executed in counterparts and by facsimile or electronic
transmission, each of which shall constitute an original and all of which, together, shall constitute one instrument. 
 12.
Binding Effect; Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or
indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and
agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to
serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the Company’s request. 
 13. Expenses Incurred in Action Relating to Enforcement or Interpretation. In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance
policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee with respect to such action (including without limitation
attorneys’ fees), regardless of whether Indemnitee is ultimately successful in such action, unless as a part of such action a court having jurisdiction over such action makes a final judicial determination (as to which all rights of appeal
therefrom have been exhausted or lapsed) that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous; provided, however, that until such final judicial determination is made,
Indemnitee shall be entitled under Section 3 hereof to receive payment of Expense Advances hereunder with respect to such action. In the event of an action instituted by or in the name of the Company under this Agreement to enforce or
interpret any of the terms of this Agreement, Indemnitee shall be entitled to be indemnified, exonerated or held harmless for all Expenses incurred by Indemnitee in defense of such action (including without limitation costs

  
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and expenses incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part of such action a court having jurisdiction over such action makes a
final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that each of the material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous; provided, however, that
until such final judicial determination is made, Indemnitee shall be entitled under Section 3 hereof to receive payment of Expense Advances hereunder with respect to such action. 

14. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be
deemed duly given (i) if delivered by hand and signed for by the party addressed, on the date of such delivery, or (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date
postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement or as subsequently modified by written notice. 
 15. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any
action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the Court of Chancery of the State of Delaware in and for New Castle
County, which shall be the exclusive and only proper forum for adjudicating such a claim. 
 16. Severability. The
provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise
unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including without limitation each portion of this
Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or
unenforceable. 
 17. Choice of Law. This Agreement, and all rights, remedies, liabilities, powers and duties of the
parties to this Agreement, shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of laws. 
 18. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. 

19. Integration and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and
supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 
 20. No Construction as Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee any right to employment by the Company or any of its
subsidiaries or affiliated entities. 
 21. Additional Acts. If for the validation of any of the provisions in this
Agreement any act, resolution, approval or other procedure is required, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will enable the Company to fulfill its obligations
under this Agreement. 
 (The remainder of this page is intentionally left blank.) 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement
as of the date first above written. 
  

			
	LRAD CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Address:	 	
	[—]	 	
	[—]	 	
	[—]	 	

  

	
	 ACCEPTED AND AGREED:
  

INDEMNITEE

	
	  

	[—]
	
	Address:
	[—]
	[—]
	[—]

  
 9EX-4.13

 Exhibit 4.13 
  

Northshore No 3 Pty Ltd (as trustee) 
 James Hardie Australia Pty Limited 
 James Hardie Industries SE 

 
 DEED OF PARTIAL SURRENDER 

AND VARIATION OF LEASE 
  

COOPER GRACE WARD 
 Lawyers

 Level 21, 400 George Street 

Brisbane Qld 4000 
 T 61 7 3231
2444 
 F 61 73221 4356 
 W www.cgw.com.au 

 

 
  

 DEED OF PARTIAL SURRENDER AND VARIATION OF LEASE 

PARTIES 
  

			
	Northshore	  	NORTHSHORE NO 3 PTY LTD ACN 154 082 961 (AS TRUSTEE UNDER INSTRUMENT 714227876)
		
	JH	  	JAMES HARDIE AUSTRALIA PTY LIMITED ACN 084 635 558
		
	Guarantor	  	JAMES HARDIE INDUSTRIES SE ARBN 097 829 895 (formerly James Hardie Industries N. V)

 BACKGROUND 
  

	A.	Northshore is the owner of the Premises. 

  

	B.	JH leases the Premises from Northshore under the Lease. 

  

	C.	The Guarantor has provided a guarantee and indemnity in relation to the performance by JH of its obligations under the Lease. 

 

	D.	JH wishes to surrender the Lease over the part of the Premises identified as the Surrender Area as and from the Surrender Date, subject to the terms and conditions of this
document. 

  

	E.	Northshore, JH and the Guarantor wish to vary the Lease. 

AGREEMENTS 
  

	1.	INTERPRETATION 

  

Definitions 
  

	1.1	In this document: 

  

			
		
	 Competitor
  
 GST
	  	 has the same meaning as in the Lease.
  

has the same meaning as in the GST Act.

		
	GST Act	  	means the A New Tax System (Goods and Services Tax) Act 1999 (Cth).
		
	Lease	  	means registered lease number 706009769 (dated 6 November 1998), as amended by registered amendment 706009780 (dated 30 October 2000) and as further amended by registered amendment
707678947 (dated 17 March 2004).
		
	Outgoings	  	has the same meaning as in the Lease.
		
	Premises	  	has the same meaning as in the Lease

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	1	  

 

 
  

			
	Surrender Area	  	means the areas identified as Lot 2 on RP34121 and Lot 27 on RP34120, County of Stanley, Parish of Toombul (title reference 15944054).
		
	Surrender Date	  	means 31 July 2012
		
	Taxable Supply	  	has the same meaning as in the GST Act.
		
	Tax Invoice	  	has the same meaning as in the GST Act.

 Construction 
  

	1.2	In this document: 

  

	 	(a)	words in the singular include the plural and vice versa; 

  

	 	(b)	words indicating any gender indicate the appropriate gender; 

  

	 	(c)	where a word or phrase is given a particular meaning, other parts of speech and grammatical forms of that word or phrase have corresponding meanings; 

 

	 	(d)	a reference to a person is to be construed as a reference to an individual, body corporate, unincorporated association, partnership, joint venture or government body;

  

	 	(e)	references to any document (including this document) include references to the document as amended, consolidated, supplemented, novated or replaced; 

 

	 	(f)	a reference to a statute includes a reference to or citation of all enactments amending or consolidating the statute and to an enactment substituted for the statute;

  

	 	(g)	monetary references are references to Australian currency; 

  

	 	(h)	the Schedule and Annexures form part of this document; 

  

	 	(i)	a reference to an Item is a reference to an Item in the Schedule to this document; and 

 

	 	(j)	headings are included for convenience only and do not affect interpretation of this document. 

 

	2.	PARTIAL SURRENDER OF LEASE 

  

 

	2.1	Subject to the terms of this document Northshore, JH and the Guarantor agree that the Surrender Area is surrendered as and from the Surrender Date. 

 

	2.2	Unless specified otherwise in this document, JH must deliver up vacant possession of the Surrender Area on the Surrender Date. 

 

	2.3	Unless otherwise specified in this document, JH is liable to comply with all of the terms and conditions and all of its obligations contained in the Lease in respect of the
Surrender Area up to and including the Surrender Date. The surrender of the Lease over the Surrender Area does not affect or extinguish the right of Northshore to recover any money owing to it or otherwise to enforce any other right it may have
under the Lease in respect of breach by JH in respect of the Surrender Area before the Surrender Date. 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	2	  

 

 
  

	2.4	This clause 2 does not release JH and/or the Guarantor from its obligations or any indemnity JH and/or the Guarantor have given under the Lease for that part of the Lease area
which is still governed by the Lease after the Surrender Date. 

  

	2.5	The parties agree that despite the Surrender, JH will continue to be responsible for the payment of council rates on the whole of the Premises. For clarity, JH will continue to
be responsible for the payment of all council rates assessed/levied in relation to whole of Lot 3 on RP199034 (title reference 17103067), the whole of Lot 27 on RP34120 and the whole of Lot 2 on RP34121 (title reference 15944054), including after
the Surrender Date. 

  

	2.6	The parties acknowledge and agree that Northshore intends to lease the Surrender Area to third parties. Northshore covenants with JH that it will not grant any lease or right of
occupancy of or right to erect, install, affix, paint or otherwise display signage or advertising on any part of the Surrender Area to any Competitor of JH without the Consent of JH. 

 

	3.	OBLIGATIONS OF JH 

  

 

	3.1	On or before the Surrender Date, JH must: 

  

	 	(a)	cancel all contracts and agreements for the provision of services to the Surrender Area; and 

 

	 	(b)	remove all of the JH’s property from the Surrender Area, including, but not limited to, signs, rubbish, scrap metal, pipes, machinery and plant. 

 

	4.	EXECUTION OF FORM 8 SURRENDER 

  

 

	4.1	JH must execute, stamp and deliver to Northshore on or before the Surrender Date a Form 8 Surrender capable of registration in the Department of Environment and Resource
Management, in the form of the Form 8 contained in Annexure A of this Deed. 

  

	4.2	Northshore must lodge the Form 8 for registration in the Department of Environment and Resource Management, along with the consent of Northshore’s mortgagee.

  

	4.3	Northshore must provide JH with a registration confirmation statement showing the registration of the Surrender after the Surrender has registered. 

 

	4.4	The parties acknowledge and agree that the Surrender is subject to Northshore’s mortgagee providing its consent to the Surrender. 

 

	5.	VARIATION OF THE LEASE 

  

 

	5.1	From the Surrender Date, the Lease is varied as follows (as contained in the Form 13 Amendment contained in Annexure B): 

 

	 	(a)	Item 1 of the Schedule of Terms is amended as follows: 

 Lessor means Northoshore No 3 Pty Ltd ACN 154 082 961 as trustee under instrument 714227876 of PO Box 1031, Hamilton QLD 4007 
  

	 	(b)	Item 3 of the Schedule of Terms is amended as follows: 

 Land means Lot 3 on RP199034 
  

	 	(c)	clause 5.3 is deleted and replaced with: 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	3	  

 

 
  

 “The Lessee shall pay to the Lessor for each Lease Year an amount equal to the
Lessee’s Proportion of the Outgoings in respect of the Land. The Lessee must also pay the council rates (as defined in paragraph (a) of the definition of “Outgoings” in clause 1.1) in respect of the whole of Lot 2 on RP34120 and
the whole of Lot 27 on RP34121 (title reference 15944054). This obligation shall not extend to any fines, penalties or interest on the Outgoings which arise because of the Lessor’s delay in payment or the Lessor’s delay in providing
relevant invoices and accounts to the Lessee for payment.” 
  

	 	(d)	all references to “Lessee’s Proportion of Outgoings” in clauses 5.4, 5.5 and 5.6 shall be taken to be a reference to the Lessee’s Proportion of Outgoings in
respect of the Land plus the council rates (as defined in paragraph (a) of the definition of Outgoings in clause 1.1 of the Lease) in respect of the whole of Lot 2 on RP34120 and the whole of Lot 27 on RP34121 (title reference 15944054);

  

	 	(e)	clause 7.6(e)(ii) of the Lease is deleted. 

  

	 	(f)	A new clause 15.1(c) is to be included as follows: 

“any Environmental contamination in, on, under or migrating onto or from the Land resulting from the western drain and any works required
to remediate it including: 
  

	 	(i)	installing inverted box culvert sections along the western drain within the Land; 

 

	 	(ii)	installing a block retaining wall; and 

  

	 	(iii)	installing sprayed concrete drain batter lining 

 whether such Environmental contamination occurs before or after the Effective Date. 
  

	 	(g)	A new clause 8.6 is to be included as follows: 

“(Sublease) The Lessor acknowledges that the Lessee is entering into subleases with the Lessor as sub-tenant for various parts
of the Premises and the Lessor consents to these subleases. The parties agree that Clauses 3.2, 4.1(a)(iii), 4.1(b), 4.4, 4.5, 4.6, 4.7, 5.3, 5.4, 5.5, 5.6, 8.1(b), 8.2, 8.3, 8.4, 8.5, 9.1, 9.2, 9.3, 9.6, 15.1, 15.5(b) and (c), 15.6 and 20 of the
Lease do not apply to a sublease that has been entered into between the Lessee (as sub-landlord) and the Lessor (as sub-tenant) for any part of the Premises.” 
  

	 	(h)	Clause 5.1(b) is amended so that it reads as follows: 

 (Costs) The Lessee shall pay all Costs for all Services supplied to the Premises (but with respect to water, the obligation under this clause 5.1(b) is limited to water usage and consumption charges
and trade waste charges). 
  

	6.	EXECUTION OF FORM 13 AMENDMENT OF LEASE 

  

 

	6.1	JH must execute and deliver to Northshore on or before the Surrender Date a Form 13 Amendment of Lease capable of registration in the Department of Environment and Resource
Management, in the form of the Form 13 contained in Annexure B of this Deed. 

  

	6.2	Northshore must lodge it for registration in the Department of Environment and Resource Management, immediately following lodgement of the Form 8 Surrender.

  

	6.3	Northshore must provide JH with a registration confirmation statement showing the registration of the Amendment after it has registered. 

 

	6.4	The parties acknowledge and agree that the Amendment is subject to Northshore’s mortgagee providing its consent to the Amendment. 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	4	  

 

 
  

	7.	WORKS BY NORTHSHORE 

  

 

	7.1	The parties acknowledge and agree that Northshore intends to lease the Surrender Area to third parties. 

 

	7.2	Northshore agrees to install at its cost, a separate water meter (or meters as the case may be) and electricity meter (or meters as the case may be) to the Surrender Area. The
parties agree that no occupant of the Surrender Area will be entitled to connect to water or electricity supply through the Premises or the supply of any other service through the Premises charged on a per use basis and capable of being separately
metered, unless subject to a separate metering and billing from Northshore or the relevant supplier and that JH will not be responsible for payment of water and electricity consumed in the Surrender Area. 

 

	7.3	Northshore agrees to install at its cost a new communications line from the former administration building located on the Land (fronting Randle Road) to JH’s current
administration office. 

  

	8.	WORKS BY JH 

  

 

	8.1	JH agrees to engage at its cost a qualified air-conditioning contractor to provide a report addressed to Northshore (and upon which Northshore is entitled to rely), confirming
that the air-conditioning system servicing JH’s former administration building has been serviced and repaired and taking into account the age of the system and allowing for fair wear and tear, is in good working order. The report must be
provided to Northshore within 30 days of the date of this Deed. JH has no liability for or in connection with the future functioning of the air-conditioning system and offers no warranties or guarantees as to its ability to service the former
administration building on an ongoing basis. 

  

	9.	NOTICES 

  

 

	9.1	All notices given under this document must be in writing and may be delivered in person or by mail or by the medium specified in the address for service stated in Item 1 of
the Schedule. 

  

	9.2	A party may change its particulars for service by notice in writing to the other parties. 

 

	9.3	A notice sent by post will be deemed received three days after posting. 

  

	9.4	A notice sent by facsimile transmission will be deemed received on the date stated on the facsimile transmission report produced by the machine sending the facsimile.

  

	9.5	A notice sent by email will be deemed received at the time and on the date that it is sent, unless the sender receives notification that the delivery of the email was
unsuccessful, in which case the email will not be deemed to have been received. 

  

	9.6	For the purposes of clause 9.5, ‘delivery’ of an email means the time that an email reaches the recipient’s server. 

 

	10.	REFERENCES TO AND CALCULATIONS OF TIME 

  

 

	10.1	Where time is to be calculated by reference to a day or event, that day or the day of that event is excluded. 

 

	10.2	Where something is done or received after 5.00 pm on any day, it will be taken to have been done or received on the following day. 

 

	10.3	Where a provision in this agreement requires anything to be done on a Saturday, Sunday or public holiday, that matter or thing may be done or will be taken to have been done on
the next succeeding day which is not a Saturday, Sunday or public holiday. 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	5	  

 

 
  

	11.	GST 

  

 

	11.1	If GST is or becomes payable on a Taxable Supply made under or in connection with this document, the party providing consideration for that Taxable Supply (recipient) must pay an
additional amount equal to the GST payable on the Taxable Supply. 

  

	11.2	The additional amount payable under clause 11.1 must be paid at the same time as the consideration for the Taxable Supply or on the date on which the party making the supply
delivers a Tax Invoice (whichever is later). 

  

	12.	GENERAL 

  

Governing law 
  

	12.1	This document will be construed in accordance with the laws in force in Queensland and the parties submit to the jurisdiction of the Courts of Queensland.

 Reference to a party 
  

	12.2	Any reference to a party in this document includes, and any obligation or benefit under this document will bind or take effect for the benefit of, that party’s executors,
trustees, administrators, successors in title and permitted assigns. 

 Duty and legal fees 

 

	12.3	Each party will bear its own legal and other costs and expenses relating to this document. JH must pay any duty. 

Entire agreement 
  

	12.4	This document represents the entire agreement between the parties and supersedes all prior representations, agreements, statements and understandings between the parties.

 Severability 
  

	12.5	If any part of this document is invalid or unenforceable, that part will (if possible) be read down to the extent necessary to avoid the invalidity or unenforceability, or
alternatively will be deemed deleted; and this document will remain otherwise in full force. 

 Amendments to be in writing

  

	12.6	No amendment to this document has any force unless it is in writing. 

Further assurances 
  

	12.7	Each party will sign and complete all further documents and do anything else that may be reasonably necessary to effect, perfect or complete the provisions of this document and
the transactions to which it relates. 

 Joint and several 

 

	12.8	An obligation of two or more persons under this document binds them jointly and severally and every expressed or implied agreement or undertaking by which two or more persons
derive any benefit in terms of this document will take effect for the benefit of those persons jointly and severally. 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	6	  

 

 
  

 Waiver 
  

	12.9	The failure of a party to this document to enforce a provision or the granting of any time or indulgence will not be construed as a waiver of the provision nor of a waiver of the
right of the party at a later time to enforce the provision. 

 Counterparts 

 

	12.10	This document may consist of a number of counterparts and if so the counterparts taken together constitute one and the same instrument. This document, including counterparts of
it, may be exchanged physically, or by post, facsimile or email. 

 No merger 

 

	12.11	The rights and obligations of the parties contained in this document will not be extinguished by or upon completion. 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	7	  

 

 
  

 SCHEDULE 

 
  

	Item 1:	Address for service of notices 

  

			
	Northshore	  	 Northshore No 3 Pty Ltd (as trustee)
  

PO Box 1031 Hamilton QLD 4007
  
 Email: angusc@northshorecorp.com.au
  

	JH	  	 James Hardie Australia Pty Limited
  

10 Colquhoun Street, Rosehill NSW 2141
  
 Facsimile: 1800 818 819
  

	Guarantor	  	 James Hardie Industries SE (formerly James Hardie Industries N. V)

 
 2nd Floor Europa House
 Harcourt
Centre Harcourt Street
 Dublin 2, Ireland
 Facsimile: +353
1 479 1128

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	8	  

 

 
  

 ANNEXURE A 

 
 Form 8 Surrender 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	9	  

							
	  QUEENSLAND LAND REGISTRY	  	SURRENDER OF FREEHOLD LEASE	  		 	FORM 8 Version 4  

											
	  Land Title Act 1994, Land Act 1994 and Water Act 2000	  	OR SUBLEASE	  	Duty Imprint	 	Page 1 of 1  

  

																							
	

	 	 	  	             Dealing Number

 
	  	 	  	 	  	 	  	 	  	 	 	 	 	

		 	 

  OFFICE USE ONLY

Privacy Statement
 Collection of this information is
authorised by the Land Title Act 1994 the
 Land Act 1994 and the Water Act 2000 and is used to maintain the publicly

searchable registers in the land registry and the water register. For more
 information about privacy in NR&W see the department’s website.
  
	  	 	  	 	 	 	  	 	 	
		 	  
 1.
	  	  
 Dealing number of instrument being
surrendered
	  	  Lodger (Name, address, E-mail & phone
number)        	 	Lodger	  		 	
		 	 	  	  
 706009769
	  	  
 Cooper Grace
Ward
 GPO Box 834, Brisbane 4001
  

katie.miller@cgw.com.au
  
 T 3231 2983    Ref: 10107764
	 	 Code
  

131B
	  	 	 	

															
		 	  
 2.
	  	  
 Lot on Plan Description
	  	  

            County
	  	  
         Parish
	  	  

        Title Reference
	  		 	
								
		 		  	LOT 27 ON RP34120	  	            STANLEY	  	        TOOMBUL	  	        15944054	  		 	
		 		  	LOT 2 ON RP34121	  	            STANLEY	  	        TOOMBUL	  	        15944054	  		 	
		 		  	LOT 3 ON RP199034	  	            STANLEY	  	        TOOMBUL	  	        17103067	  		 	
		 	 	  	    	  	 	  	 	  	 	  		 	

																							
		 	  
 3.
	  	  
 Lessor
	  		 	
					
		 		  	NORTHSHORE NO 3 PTY LTD ACN 154 082 961 AS TRUSTEE UNDER INSTRUMENT 714227876	  		 	
		 	 	  	    	  		 	
		 	  
 4.
	  	  
 Lessee
	  		  		  		  		  		  		 		  		 	
					
		 		  	JAMES HARDIE AUSTRALIA PTY LIMITED ACN 084 635 558	  		 	
		 	    	 		  		 	
		 	  
 5.
	  	  
 Surrender/Execution
	  		 	
		 	  
 a)
	  	  
 Surrender of Freehold Lease/Sublease
	 	
		 		  	*Full Surrender The lease/sublease in item 1 is surrendered from
        /        /        .	 	
		 		  	*Partial Surrender The lease/sublease in item 1 is surrendered from 18/05/2012.	 	
		 		  	*so far as relates to the land in item 2.	 	
		 		  	*so far as relates to part of the leased area. The area being surrendered is Lot 2 on RP34121 and Lot 27 on	 	
		 		  	RP34120 (title reference 15994054).	 	
		 	* delete if not applicable

 Witnessing officer must be aware of his/her obligations under section 162 of the Land Title Act 1994

 James Hardie Australia Pty Limited ACN 084 635
558                 
  

													
		 	  
	 	Signature	  		  		  		  	
		 		 		  		  	/s/ Shane Dias	  	
		 		 		  		  	  
	  	
		 	  
	 	full name	  		  	Director	  		  	
							
		 	  
	 	qualification	  		  	/s/ Bruce Potts	  		  	
		 		 	24/9/2012      	  	  
	  	
		 		 		  		  	Director/Company Secretary	  		  	
		 	Witnessing Officer	 	Execution Date      	  	Lessee’s Signature	  	
		 	  
 (Witnessing officer must
be in accordance with Schedule 1
 of Land Title Act 1994 eg Legal Practitioner, JP, C Dec)

 
	  	 	  	

															
		 	6.	  	Acceptance	 		  		  		  		  	
		 	  
 The Lessor accepts this surrender.
	  	 Northshore No 3 Pty Ltd ACN 154 082 961 (as trustee)

 
	  		  	
		 		  		 		  		  	/s/ Angus Campbell	  		  	
		 		  		 		  		  	  
	  		  	
		 		  		 		  		  	Director	  		  	
							
		 		  		 	  
 7/ 9/2012
	  	  
 /s/ Angel Russo
	  		  	
		 		  		 		  		  	  
	  		  	
		 		  		 		  		  	Director/Company Secretary	  		  	
		 		  		 	Execution Date      	  	Lessor’s Signature	  		  	
	

	 		  		 		  		  		  		  	

 ANNEXURE B 

 
 Form 13 Amendment of Lease 

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	11	  

							
	 To add more than one lot on plan description and title reference simply hit
enter at the end of each text field

	  QUEENSLAND LAND REGISTRY	  	AMENDMENT	  		 	FORM 13 Version 6  

											
	  Land Title Act 1994, Land Act 1994 and Water Act 2000	  		  	Duty Imprint	 	Page 1 of 2  

  

																									
	

	 	 	 	             Dealing Number

 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

		 	 

  OFFICE USE ONLY

Privacy Statement
 Collection of this information is
authorised by the Land Title Act 1994 the
 Land Act 1994 and the Water Act 2000 and is used to maintain the

publicly searchable registers in the land registry and the water register.
 For more information about privacy in DERM see the department’s
 website.
	 	Mortgagee’s ACL number (if 
any)

																									
		 	  
 1.
	 	  

Type/Dealing No of Instrument/Document being amended
	  	Lodger (Name, address, E-mail & phone number)	 	Lodger	 		 	
		 	 	 	  
 Type of
Instrument/Document
  
 Dealing Number
	  	  

Lease.................................
  

706009769...........................
	  	  
 Cooper Grace
Ward
 GPO Box 834, Brisbane 4001
  

katie.miller@cgw.com.au
  
 T 3231 2983    Ref: 10107764
	 	 Code
  

131B
	 	 	 	 
		 	  
 2.
	 	  
 Lot on Plan Description
	 		 	  
 County
	 	  
 Parish
	 		 	  
 Title Reference
	 		 	
											
	 	 	 	 	Lot 3 on RP199034	 	 	 	Stanley	 	Toombul	 	 	 	17103067	 	 	 	 	 	 
		 	  
 3.
	 	  
 Grantor/Mortgagor/Lessor
	 		 		  		  		 		 		 		 		 		 	
					
		 		 	Northshore No 3 Pty Ltd ACN 154 082 961 as trustee under instrument 714227876	 		 	
		 	 	 	    	 	 	 	 
		 	  
 4.
	 	  
 Grantee/Mortgagee/Lessee
	 		 		  		  		 		 		 		 		 		 	
					
		 		 	James Hardie Australia Pty Limited ACN 084 635 558	 		 	
		 	    	 	 	 	 	 	 
		 	  
 5.
	 	  
 Amendment of Lease Details (Only to be completed for
an amendment of the term and/or option of lease)
	 	
		 		 	  
 Expiry
date:                /        /            AND/OR
Event:
	 	
				
		 		 	Option/s#:	 	
							
	 	 	 	 	# Insert nil if no option or insert option period (eg 3 years or 2 x 3 years etc)	 	 	 	 	 	 	 	 
		 	  
 6.
	 	  
 Request/Execution
	 		 		  		  		 		 		 		 		 		 	
		 	  
 The parties identified in items 3 and 4 agree that the
instrument/document in item 1 is amended in accordance with: *item 5; *item 5 and attached schedule; *attached schedule.
  

* delete if not applicable

 Witnessing officer must be aware of his/her obligations under section 162 of the Land Title Act 1994

 Northshore No 3 Pty Ltd ACN 154 082 961 as trustee        

  

											
		 	  
	 	Signature	  		  	/s/ Angel Russo	  	
		 		 		  		  	  
	  	
		 		 		  		  	Director/Company Secretary	  	
		 	  
	 	full name	  		  		  	
						
		 	  
	 	qualification	  	7/9/2012      	  	/s/ Angus Campbell	  	
		 		 		  		  	  
	  	
		 	Witnessing Officer	 		  	Execution Date      	  	Director                            
Lessor’s Signature	  	
		 	(Witnessing officer must be in accordance with Schedule 1 of Land Title Act 1994 eg Legal Practitioner JP, C Dec)	  		  		  	
		 		 		  	
                        
James Hardie Australia Pty Limited ACN 084 635 558
  

		 	  
	 	Signature	  		  	/s/ Bruce Potts	  	
		 		 		  		  	  
	  	
		 		 		  		  	Director/Company Secretary	  	
		 	  
	 	full name	  		  		  	
						
		 	  
	 	qualification	  	24/9/2012      	  	/s/ Shane Dias	  	
		 		 		  		  	  
	  	
		 	Witnessing Officer	 		  	Execution Date      	  	Director                         
       Lessee’s Signature	  	
		 	(Witnessing officer must be in accordance with Schedule 1 of Land Title Act 1994 eg Legal Practitioner, JP, C Dec)	  		  		  	
	

	 		 		  		  		  	

  

					
	QUEENSLAND LAND REGISTRY	 	                SCHEDULE	 	Form 20 Version 
2
	Land Title Act 1994, Land Act 1994 and Water Act 2000	 		 	Page 2 of 2
			
	

	 	Title Reference 17103067	 	

 The Lessor and Lessee agree that registered lease number 7006009769 (as varied by Amendment 706009780 and Amendment 707678948)
(Lease) is amended as follows from 1 August 2012: 
  

	1.	Item 1 of the Schedule of Terms is deleted and replaced with: 

 

	2.	“Lessor Northshore No 3 Pty Ltd ACN 154 082 961 as trustee under instrument 714227876 of PO Box 1031 Hamilton QLD 4007” Item 3 of the
Schedule of Terms is deleted and replaced with:  

 “Land means Lot 3 on RP199034”

  

	3.	Clause 5.3 is deleted and replaced with: 

“The Lessee shall pay to the Lessor for each Lease Year an amount equal to the Lessee’s Proportion of the Outgoings in respect of the
Land. The Lessee must also pay the council rates (as defined in paragraph (a) of the definition of Outgoings” in clause 1.1) in respect of the whole of Lot 2 on RP34120 and the whole of Lot 27 on RP34121 (title reference 15944054). This
obligation shall not extend to any fines, penalties or interest on the Outgoings which arise because of the Lessor’s delay in payment or the Lessor’s delay in providing relevant invoices and accounts to the Lessee for payment.”

  

	4.	All references to “Lessee’s Proportion of Outgoings” in clauses 5.4, 5.5 and 5.6 of the Lease shall be taken to be a reference to the Lessee’s Proportion of
Outgoings in respect of the Land plus the council rates (as defined in paragraph (a) of the definition of Outgoings in clause 1.1 of the Lease) in respect of the whole of Lot 2 on RP34120 and the whole of Lot 27 on RP34121 (title reference
15944054). 

  

	5.	Clause 7.6(e)(ii) is deleted. 

  

	6.	A new clause 15.1(c) is to be included as follows: 

“any Environmental contamination in, on, under or migrating onto or from the Land resulting from the western drain and any works required
to remediate it including: 
 (i) installing inverted box culvert sections along the western drain within the Land;

 (ii) installing a block retaining wall; and 
 (iii) installing sprayed concrete drain batter lining 
 whether such Environmental
contamination occurs before or after the Effective Date.” 
  

	7.	A new clause 8.6 is to be included as follows:  

 “(Sublease) The Lessor acknowledges that the Lessee is entering into subleases with the Lessor as sub-tenant for various parts of the Premises and the Lessor consents to these
subleases. The parties agree that Clauses 3.2, 4.1(a)(iii), 4.1(b), 4.4, 4.5, 4.6, 4.7, 5.3, 5.4, 5.5, 5.6, 8.1(b), 8.2, 8.3, 8.4, 8.5, 9.1, 9.2, 9.3, 9.6, 15.1, 15.5(b) and (c), 15.6 and 20 of the Lease do not apply to a sublease that has been
entered into between the Lessee (as sub-landlord) and the Lessor (as sub-tenant) for any part of the Premises.” 
  

	8.	Clause 5.1(b) is amended so that it reads as follows: 

 “(Costs) The Lessee shall pay all Costs for all Services supplied to the Premises (but with respect to water, the obligation under this clause 5.1(b) is limited to water usage and
consumption charges and trade waste charges).” 
  

					
			
	

	 		 	

 SIGNED AS DEED on the date the last party signed this document 

 

							
	 SIGNED SEALED AND DELIVERED by

NORTHSHORE NO 3 PTY LTD ACN 154 082 961
 (AS TRUSTEE
UNDER INSTRUMENT 714227876)
 in accordance with section 127(1) of the
 Corporations Act 2001 (Cth) by a director and a
 director/secretary or by a sole director (if
applicable):
	 	)
 )
 )
 )

)
	 		 	
				
		 		 		 	 /s/ Angus Campbell

...............................................

	 /s/ Angel Russo

...............................................
	 		 		 	 Director/Secretary

	Director	 		 		 	 ANGUS CAMPBELL

...............................................

	 ANGEL RUSSO

...............................................
	 		 		 	Name
	Name	 		 		 	 7 September 2012

...............................................

	 7 September 2012

...............................................
	 		 		 	Date
	Date	 		 		 	
				
	 SIGNED SEALED AND DELIVERED by JAMES

HARDIE AUSTRALIA PTY LIMITED ACN 084 635 558
 in
accordance with section 127(1) of the
 Corporations Act 2001 (Cth) by a director and a

director/secretary or by a sole director (if applicable):
	 	)
 )
 )
 )

)
	 		 	
				
	 /s/ Shane Dias

...............................................
	 		 		 	 /s/ Bruce Potts

...............................................

	Director	 		 		 	Director/Secretary
				
	 SHANE DIAS

...............................................
	 		 		 	 BRUCE POTTS

...............................................

	Name	 		 		 	Name
				
	 24 September 2012

...............................................
	 		 		 	 24 September 2012

...............................................

	Date	 		 		 	Date
				
	 GIVEN UNDER THE COMMON SEAL OF JAMES

HARDIE INDUSTRIES SE ARBN 097 829 895 and

delivered:
	 	)
 )
 )
	 		 	
		 	)
 )
	 		 	
	 /s/ David Dilger

...............................................
	 		 		 	 /s/ Marcin Firek

...............................................

	Director	 		 		 	Director/Company Secretary
				
	 DAVID DILGER

...............................................
	 		 		 	 MARCIN FIREK

...............................................

	Name	 		 		 	Name
				
	 23 September 2012

...............................................
	 		 		 	 23 September 2012

...............................................

	Date	 		 		 	Date

  

							
	

	 	Deed of partial surrender and variation of lease	  	 	14

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