Document:

EXHIBIT 4.34

 

Deed of access, indemnity and insurance – Ms Jillian S Segal

 

 

Deed of Access,
Indemnity and Insurance

 

Date:

 

Parties:                                                                                                                                         NATIONAL AUSTRALIA BANK LIMITED (ACN 004 044 937) having its registered
office at Level 24, 500 Bourke Street, Melbourne, Victoria, Australia (“Company”)

 

JILLIAN SHIRLEY SEGAL                                                  of
83 YARRANABBE RD, DARLING POINT                         in
the State of NSW                         
(“Director”)

 

Recitals:

 

A.            The Director has been appointed as a director of the
Company.

 

B.             It is a condition of the Director agreeing to continue
to act as a director of the Company that the Company allow the Director access
to Board Paper Records, indemnify the Director and maintain insurance on the
terms of this Deed.

 

Operative provisions:

 

1              Definitions

 

1.1           In this Deed:

 

Board
Papers
means:

 

(a)            all communications in writing or Documents provided
from or on behalf of the Company or its related body corporates to the Director
during the Director’s Term including, without limitation, board papers,
submissions, minutes, letters, memoranda, board committee or sub-committee
papers whether for the purposes of board meetings, meetings of committees or
otherwise; and

 

(b)            all other Documents made available to the Director or
referred to in any of the abovementioned Documents,

 

whether or not legal professional privilege applies to
such documents.

 

Board
Paper Premises has the meaning given to that term in clause 2.1.

 

Board
Paper Records means the Board Papers stored in paper form or such other form as will
permit ready access to, and reproduction of, such Board Papers by the Director.

 

Claim means:

 

(a)            any writ, summons, cross-claim, counterclaim,
application or other originating legal or arbitral process against the

 

 

Director as a director of the Company or a related
body corporate of the Company;

 

(b)            any hearing, complaint, enquiry, investigation or
proceeding however commenced or originating against the Director as a director
of the Company or a related body corporate of the Company; or

 

(c)            any written or oral demand or threat that might result
in the Director reasonably believing that any such writ, summons, cross-claim,
counterclaim, application, other originating legal or arbitral process, hearing,
complaint, enquiry, investigation or proceeding referred to in (a) or (b) above
may be initiated.

 

Director’s Term means the period commencing
on the earlier of the first day the Director consents to act as a director of
the Company and the first day the Director begins to act as a Director of the
Company and ends on the later of the day on which the Director retires or
resigns as a director of the Company and the day on which the Director ceases
to act as a director of the Company.

 

Document means any information in any form (whether
visible or not) of storage from which the information can be reproduced and any
form in which information is embodied or encoded and includes:

 

(a)            anything on which there is writing;

 

(b)           a map, plan, drawing or photograph; or

 

(c)            any material used in a presentation to Directors.

 

Insurance Policy means an insurance policy or
policies insuring against the following liabilities incurred by the Director in
the Director’s capacity as an officer of the Company or a related body
corporate of the Company:

 

(a)            a liability for costs and expenses incurred by the
Director in defending proceedings, whether civil or criminal and whatever their
outcome; and

 

(b)            a liability incurred by the person as a director
unless liability arises out of conduct involving:

 

(i)             a wilful breach of duty in relation to the Company or
related body corporate; or

 

(ii)            without limiting (i), a contravention of
section 182 or 183 of the Corporations Law,

 

or, with the prior written consent of the Director,
such other liability as may be permitted under the Company’s Constitution from
time to time.

 

Period means the period commencing
on the earlier of the first day the Director consents to act as a director of
the Company and the

 

 

first day the Director begins to act as a Director of
the Company and ends on the day seven years from the later of the day on which
the Director retires or resigns as a director of the Company and the day on
which the Director ceases to act as a director of the Company.

 

related body corporate has the meaning given to it
by section 50 of the Corporations Law.

 

1.2           In this Deed unless the contrary intention appears:

 

(a)            a reference to this Deed or another instrument
includes any variation or replacement of either of them;

 

(b)            a reference to a statute, ordinance, code or other law
includes regulations and other instruments under it and consolidations,
amendments, re-enactments or replacements of any of them;

 

(c)            the singular includes the plural and vice versa;

 

(d)            the word person includes a natural person, firm, a
body corporate, an unincorporated association, trust, joint venture,
partnership or an authority;

 

(e)            a reference to a person includes a reference to the
person’s personal representatives, executors, administrators and successors;
and

 

(f)             a reference to a liability incurred “as a director of
the Company” includes a reference to a liability incurred by a person who has
ceased to be a director of the Company to the extent the liability relates to
an act or omission occurring while that person was a director.

 

1.3           This Deed enures for the benefit of the Director’s
personal representatives, executors and administrators.

 

2              Access to Board Papers

 

The Company’s Undertaking

 

2.1           The Company undertakes to ensure that throughout the
Period it will:

 

(a)            hold a complete set of Board Paper Records in an
orderly fashion on behalf of the Director securely and safely at a suitable
secure premises (“Board Paper Premises”);

 

(b)            promptly notify the Director in writing upon request
of the address of the Board Paper Premises; and

 

(c)            allow the Director and the Director’s representatives
full and free access (at no cost to the Director) to the Board Paper Records
and the Board Paper Premises at all reasonable times during the Period, including
providing the information, assistance and facilities (including photocopying
facilities) that the Director reasonably requires in order to examine

 

 

and,
subject to clause 2.2, make and take away copies of the Board Paper Records or
any part of them.

 

Director’s Undertaking

 

2.2           The Director undertakes:

 

(a)            to observe the same duties of confidentiality to the
Company and any related body corporate of the Company in relation to the Board
Papers as if the Director remained a Director of the Company except that the
Director may disclose:

 

(i)             Board Papers to the Director’s representatives on a
confidential basis and for proper purposes and provided that such
representatives agree in writing with the Company to observe the undertakings
under this clause 2.2, as if they were a Director; and

 

(ii)            those parts of the Board Papers where disclosure is
required as part of court proceedings brought against the Director by any
person (including the Company or a related body corporate of the Company) to
third parties connected with such proceedings or as otherwise required by law;
and

 

(b)            in respect of any Board Papers to which legal
professional privilege applies in favour of the Company or a related body
corporate of the Company ensure that unless with the consent of the Company
(such consent not to be unreasonably withheld), he or she does not waive the
privilege or knowingly do any act or thing which act or thing could cause that
privilege to be waived, extinguished or lost.

 

Extension of provisions if legal proceedings commence

 

2.3           If a Claim is made against a Director during the
Period, all of the rights and obligations created by this clause 2 will
continue to operate until final resolution of that claim including any appeal
proceedings.

 

3              Indemnity for liability as
Director

 

Indemnity

 

3.1           The Company indemnifies the Director, to the relevant
extent, against a liability (including a liability for costs or expenses)
incurred by the Director as a director to another person, other than:

 

(a)            liability to the Company or a related body corporate
of the Company; or

 

(b)            liability arising out of conduct involving a lack of
good faith,

 

or,
with the prior written consent of the Director, such other liability as may be
permitted under the Company’s Constitution from time to time.

 

 

3.2           The indemnity in clause 3.1 does not apply to a
liability incurred before 15 April 1994.

 

3.3           It is not necessary for the Director to incur expense
or make payment before enforcing the Director’s right of indemnity under this
clause.

 

Costs and expenses

 

3.4           Without limiting clause 3.1, to the relevant extent,
the Company indemnifies the Director against a liability for costs or expenses
incurred:

 

(a)            in defending any proceedings relating to the Director’s
position with the Company or a related body corporate of the Company, whether
civil or criminal, in which judgment is given in the Director’s favour or in
which the Director is acquitted; or

 

(b)            in connection with any application, in relation to
such proceedings, in which relief is granted to that Director under the Corporations Law by the court.

 

Payment

 

3.5           Subject to clause 3.9, if the Director becomes liable
to pay any amount in respect of which the Director is indemnified, the Company
must indemnify the Director by paying the Director within 30 days from the date
the Director provides satisfactory evidence to the Company that the Director is
liable to pay that amount.

 

Nature of indemnities

 

3.6           Subject to the other provisions of this Deed, the
indemnities provided by clauses 3.1 and 3.4:

 

(a)            have effect in respect of acts or omissions prior to
the date of this Deed and in respect of liabilities which have been incurred
prior to the date of this Deed;

 

(b)            are irrevocable;

 

(c)            continue irrespective of one or more previous applications
of the clause; and

 

(d)            continue in full force and effect without limit in
point of time in relation to any act, omission, matter or event occurring or
arising while the Director is a director of the Company, or a related body
corporate of the Company, and notwithstanding that the Director has ceased to
be a director of the Company, or a related body corporate of the Company,
before any claim is made under this Deed.

 

Undertakings

 

3.7           The Director undertakes to advise the Company in
writing immediately the Director becomes aware of any circumstances which could
be reasonably expected to give rise to a claim under this Deed.

 

 

3.8           The Director further undertakes:

 

(a)            at the direction of the Company, to take such action
as the Company may reasonably require to avoid, dispute, defend or appeal any
proceeding connected with a possible claim under this Deed;

 

(b)            to assist the Company, any related body corporate of
the Company and their insurers to the best of the Director’s abilities in any
action the Company, any related body corporate of the Company or their
insurers, takes to avoid, dispute, defend or appeal any proceeding connected
with a possible claim under this Deed;

 

(c)            not to admit any liability for or settle any
proceeding which may give rise to a claim under this Deed without the prior
consent of the Company, which consent must not be unreasonably withheld;

 

(d)            upon request by the Company, to render all reasonable
assistance and co-operation to the Company, and any related body corporate of
the Company or their insurers in the conduct of any Claim, including, without
limitation, providing the Company, its related body corporates or its insurers
with any Documents, authorities and directions that the Company, its related
body corporates or its insurers may reasonably require for the prosecution or
advancement of any cross-claim or counterclaim;

 

(e)            upon request by the Company or its insurers, to do
everything necessary or desirable which the Company reasonably requests to
enable the Company or its insurers (so far as it is possible) to be subrogated
to and enjoy the benefits of the Director’s rights in relation to any
cross-claims or any claims against any third party (including an insurer) and
render such assistance as may be reasonably requested by the Company or its
insurers for that purpose;

 

(f)             to notify any Claim to an insurer or any other person
who may be liable to indemnify the Director in respect of that Claim and
promptly take all reasonable steps to enforce all the Director’s rights against
the insurer or other person;

 

(g)            to refund to the Company all amounts incurred by the
Company under this Deed in respect of a claim under this Deed if it is
established that the Director is not entitled to be indemnified under clause
3.1 in respect of that claim, such refund to be made within 30 days of the
Company providing to the Director details of such amounts; and

 

(h)            if the Company has pursuant to this Deed paid an
amount for costs and expenses incurred by a Director and judgment is not subsequently
given in favour of the Director, the Director is not subsequently acquitted or
the Court does not grant relief to the Director under the Corporations Law, pay
the Company an amount equal to the amount so paid by the Company, the payment
to be made within 30 days of the Company providing to the

 

 

Director
details of the amount and payment of it by the Company.

 

 

Without limiting paragraph (g), paragraph
(h) does not apply to a payment made by the Company pursuant to clause 3.1.

 

3.9           The indemnity under this Deed given to a Director is
in addition to any other indemnity given by the Company to the Director whether
by agreement, under the Constitution, by statute or otherwise, but nothing in
this Deed requires the Company to pay more than once in respect of any claim.

 

3.10         If a Director receives payment in respect of any
liability, cost or expense from any insurer of the Director or from a person
(other than the Company) legally obliged to make that payment, the Company is
not required to indemnify the Director under this Deed in respect of that
liability, cost or expense to the extent of that payment.

 

3.11         The Company is entitled to do one or more of the
following:

 

(a)            assume the conduct, negotiation or defence of a Claim;

 

(b)            institute a cross-claim or a counterclaim; and

 

(c)            retain lawyers in relation to a Claim to act on behalf
of both the Director and the Company,

 

and when it does so the conduct of the claim will be
under the management and control of the Company or its insurers.

 

3.12         In this clause, “to the relevant extent” means to the
extent and for the amount that the Director:

 

(a)  is
not otherwise entitled to be indemnified; 
and

 

(b)  has
not actually been so indemnified.

 

4              Maintenance of insurance
coverage

 

4.1           Without limiting the indemnity in clause 3, the
Company undertakes to ensure that throughout the Period it:

 

(a)            takes out and maintains an Insurance Policy in an
amount and on terms and conditions (including but not limited to insuring
clauses, exclusions and amounts) as are appropriate for a reasonably prudent
company in the Company’s circumstances;

 

(b)            pays the premium for the Insurance Policy within the
credit terms of the demand for payment and, on request from the Director,
produces receipts for the payment;

 

(c)            does not do or permit to be done anything which
prejudices, and immediately rectifies anything which might prejudice, the
Insurance Policy;

 

 

(d)            on request from the Director, provides the Director with a
copy of the Insurance Policy and any certificates of insurance connected with
it;

 

(e)            notifies the Director immediately if, for any reason,
the Insurance Policy is cancelled (such notification shall not be taken to
limit any other obligations of the Company under this Deed).

 

4.2           Upon request by the Company, a Director must take such
steps as the Company may reasonably require to enable it to take out and
maintain the Insurance Policy.

 

5              Severability

 

5.1           If any provision of this Deed is invalid or
unenforceable, the invalidity or unenforceability of that provision does not
affect the validity, enforceability, operation, construction or interpretation
of any other provision of this Deed, with the intent that the invalid or
unenforceable provision shall be treated for all purposes as severable from
this Deed.

 

5.2           Clause 5.1 shall not be construed as permitting
anything which would be contrary to public policy.

 

6              Governing law and
jurisdiction

 

6.1           This Deed is governed by the law in force in Victoria.

 

6.2           Each party irrevocably and unconditionally submits to
the non-exclusive jurisdiction of the courts of Victoria and courts of appeal
from them.

 

 

	
  EXECUTED as a deed

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SIGNED, SEALED AND DELIVERED

  by JILLIAN
  SHIRLEY SEGAL

  in the presence of:

  	
   

  	
   

  
	
   

  	
   

  	
  [Original signed]

  
	
  [Original signed]

  	
   

  	
   

  
	
  Signature of witness

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  J
  S ROTH

  	
   

  	
   

  
	
  Name
  of witness (block letters)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  83
  Yarranabbe Rd Darling Pt

  	
   

  	
   

  
	
  Address
  of witness 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Company
  Director

  	
   

  	
   

  
	
  Occupation
  of witness

  	
   

  	
   

  

 

 

	
  THE
  COMMON SEAL of NATIONAL

  AUSTRALIA BANK LIMITED is affixed

  in accordance with its constitution in the

  presence of:

  	
   

  	
   

  
	
   

  	
   

  	
  [Original signed]

  
	
  Original signed]

  	
   

  	
  Signature
  of authorised person

  
	
  Signature of authorised person

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  COMPANY
  SECRETARY

  	
   

  	
  DIRECTOR

  
	
  Office
  held

  	
   

  	
  Office
  held

  
	
   

  	
   

  	
   

  
	
  BRENDAN
  CASE

  	
   

  	
  JOHN
  STEWART

  
	
  Name
  of authorised person

  (block letters)

  	
   

  	
  Name
  of authorised person (block letters)EXHIBIT 4.35

 

Deed of access, indemnity and insurance – Mr Ahmed Fahour

 

 

Deed of Access,
Indemnity and Insurance

 

Date:                                                                                                                                                        20
October 2004

 

Parties:                                                                                                                                         NATIONAL
AUSTRALIA BANK LIMITED (ACN 004 044 937) having its registered office at
Level 24, 500 Bourke Street, Melbourne, Victoria, Australia (“Company”)

 

Ahmed
Fahour                                                                                            of
5/54 Mont Albert Road, Canterbury                                                        in
the State of Victoria                               (“Director”)

 

Recitals:

 

A.            The
Director has been appointed as a director of the Company.

 

B.             It is a
condition of the Director agreeing to continue to act as a director of the
Company that the Company allow the Director access to Board Paper Records,
indemnify the Director and maintain insurance on the terms of this Deed.

 

Operative provisions:

 

1              Definitions

 

1.1           In this Deed:

 

Board Papers means:

 

(a)            all communications in
writing or Documents provided from or on behalf of the Company or its related
body corporates to the Director during the Director’s Term including, without
limitation, board papers, submissions, minutes, letters, memoranda, board
committee or sub-committee papers whether for the purposes of board meetings,
meetings of committees or otherwise; and

 

(b)            all other Documents made
available to the Director or referred to in any of the abovementioned
Documents,

 

whether or not legal professional privilege
applies to such documents.

 

Board Paper Premises has the meaning given to that term in clause 2.1.

 

Board Paper Records means the Board Papers stored in paper form or such other form as
will permit ready access to, and reproduction of, such Board Papers by the
Director.

 

Claim means:

 

(a)            any writ, summons, cross-claim, counterclaim, application or other
originating legal or arbitral process against the

 

 

Director as a director of the Company or a
related body corporate of the Company;

 

(b)            any hearing, complaint,
enquiry, investigation or proceeding however commenced or originating against
the Director as a director of the Company or a related body corporate of the
Company; or

 

(c)            any written or oral demand
or threat that might result in the Director reasonably believing that any such
writ, summons, cross-claim, counterclaim, application, other originating legal
or arbitral process, hearing, complaint, enquiry, investigation or proceeding
referred to in (a) or (b) above may be initiated.

 

Director’s Term means the period commencing on the earlier of the first day the
Director consents to act as a director of the Company and the first day the
Director begins to act as a Director of the Company and ends on the later of
the day on which the Director retires or resigns as a director of the Company
and the day on which the Director ceases to act as a director of the Company.

 

Document means any information in any form (whether visible or not) of
storage from which the information can be reproduced and any form in which
information is embodied or encoded and includes:

 

(a)            anything on which there is
writing;

 

(b)           a map, plan, drawing or
photograph; or

 

(c)            any material used in a
presentation to Directors.

 

Insurance Policy means an insurance policy or policies insuring against the
following liabilities incurred by the Director in the Director’s capacity as an
officer of the Company or a related body corporate of the Company:

 

(a)            a liability for costs and
expenses incurred by the Director in defending proceedings, whether civil or
criminal and whatever their outcome; and

 

(b)            a liability incurred by
the person as a director unless liability arises out of conduct involving:

 

(i)             a wilful breach of duty
in relation to the Company or related body corporate; or

 

(ii)            without
limiting (i), a contravention of section 182 or 183 of the Corporations
Law,

 

or, with the prior written consent of the
Director, such other liability as may be permitted under the Company’s
Constitution from time to time.

 

Period
means the period commencing on the earlier of the first day the Director
consents to act as a director of the Company and the

 

 

first day the Director begins to act as a
Director of the Company and ends on the day seven years from the later of the
day on which the Director retires or resigns as a director of the Company and
the day on which the Director ceases to act as a director of the Company.

 

related body corporate has the meaning given to it by section 50 of the Corporations
Law.

 

1.2           In this Deed unless the
contrary intention appears:

 

(a)            a reference to this Deed
or another instrument includes any variation or replacement of either of them;

 

(b)            a reference to a statute,
ordinance, code or other law includes regulations and other instruments under
it and consolidations, amendments, re-enactments or replacements of any of
them;

 

(c)            the singular includes the
plural and vice versa;

 

(d)            the word person includes a
natural person, firm, a body corporate, an unincorporated association, trust,
joint venture, partnership or an authority;

 

(e)            a reference to a person
includes a reference to the person’s personal representatives, executors,
administrators and successors; and

 

(f)             a reference to a
liability incurred “as a director of the Company” includes a reference to a
liability incurred by a person who has ceased to be a director of the Company
to the extent the liability relates to an act or omission occurring while that
person was a director.

 

1.3           This Deed enures for the
benefit of the Director’s personal representatives, executors and
administrators.

 

2              Access to Board Papers

 

The Company’s Undertaking

2.1           The Company undertakes to
ensure that throughout the Period it will:

 

(a)            hold a complete set of
Board Paper Records in an orderly fashion on behalf of the Director securely
and safely at a suitable secure premises (“Board Paper Premises”);

 

(b)            promptly notify the
Director in writing upon request of the address of the Board Paper Premises;
and

 

(c)            allow the Director and the
Director’s representatives full and free access (at no cost to the Director) to
the Board Paper Records and the Board Paper Premises at all reasonable times
during the Period, including providing the information, assistance and
facilities (including photocopying facilities) that the Director reasonably
requires in order to examine

 

 

and,
subject to clause 2.2, make and take away copies of the Board Paper Records or
any part of them.

 

Director’s Undertaking

2.2           The Director undertakes:

 

(a)            to observe the same duties
of confidentiality to the Company and any related body corporate of the Company
in relation to the Board Papers as if the Director remained a Director of the
Company except that the Director may disclose:

 

(i)             Board Papers to the
Director’s representatives on a confidential basis and for proper purposes and
provided that such representatives agree in writing with the Company to observe
the undertakings under this clause 2.2, as if they were a Director; and

 

(ii)            those
parts of the Board Papers where disclosure is required as part of court
proceedings brought against the Director by any person (including the Company
or a related body corporate of the Company) to third parties connected with
such proceedings or as otherwise required by law; and

 

(b)            in respect of any Board
Papers to which legal professional privilege applies in favour of the Company
or a related body corporate of the Company ensure that unless with the consent
of the Company (such consent not to be unreasonably withheld), he or she does
not waive the privilege or knowingly do any act or thing which act or thing
could cause that privilege to be waived, extinguished or lost.

 

Extension of provisions if legal proceedings commence

2.3           If a Claim is made against
a Director during the Period, all of the rights and obligations created by this
clause 2 will continue to operate until final resolution of that claim
including any appeal proceedings.

 

3              Indemnity for liability as
Director

 

Indemnity

3.1           The Company indemnifies the
Director, to the relevant extent, against a liability (including a liability
for costs or expenses) incurred by the Director as a director to another
person, other than:

 

(a)            liability to the Company
or a related body corporate of the Company; or

 

(b)            liability arising out of
conduct involving a lack of good faith,

 

or, with the prior written consent of the Director,
such other liability as may be permitted under the Company’s Constitution from
time to time.

 

 

3.2           The indemnity in clause 3.1
does not apply to a liability incurred before 15 April 1994.

 

3.3           It is not necessary for the
Director to incur expense or make payment before enforcing the Director’s right
of indemnity under this clause.

 

Costs and expenses

3.4           Without limiting clause
3.1, to the relevant extent, the Company indemnifies the Director against a
liability for costs or expenses incurred:

 

(a)            in defending any
proceedings relating to the Director’s position with the Company or a related
body corporate of the Company, whether civil or criminal, in which judgment is
given in the Director’s favour or in which the Director is acquitted; or

 

(b)            in connection with any
application, in relation to such proceedings, in which relief is granted to
that Director under the Corporations Law
by the court.

 

Payment

3.5           Subject to clause 3.9, if
the Director becomes liable to pay any amount in respect of which the Director
is indemnified, the Company must indemnify the Director by paying the Director
within 30 days from the date the Director provides satisfactory evidence to the
Company that the Director is liable to pay that amount.

 

Nature of indemnities

3.6           Subject to the other
provisions of this Deed, the indemnities provided by clauses 3.1 and 3.4:

 

(a)            have effect in respect of
acts or omissions prior to the date of this Deed and in respect of liabilities
which have been incurred prior to the date of this Deed;

 

(b)            are irrevocable;

 

(c)            continue irrespective of
one or more previous applications of the clause; and

 

(d)            continue in full force and
effect without limit in point of time in relation to any act, omission, matter
or event occurring or arising while the Director is a director of the Company,
or a related body corporate of the Company, and notwithstanding that the
Director has ceased to be a director of the Company, or a related body
corporate of the Company, before any claim is made under this Deed.

 

Undertakings

3.7           The Director undertakes to
advise the Company in writing immediately the Director becomes aware of any
circumstances which could be reasonably expected to give rise to a claim under
this Deed.

 

 

3.8           The Director further
undertakes:

 

(a)            at the direction of the
Company, to take such action as the Company may reasonably require to avoid,
dispute, defend or appeal any proceeding connected with a possible claim under
this Deed;

 

(b)            to assist the Company, any
related body corporate of the Company and their insurers to the best of the
Director’s abilities in any action the Company, any related body corporate of
the Company or their insurers, takes to avoid, dispute, defend or appeal any
proceeding connected with a possible claim under this Deed;

 

(c)            not to admit any liability
for or settle any proceeding which may give rise to a claim under this Deed
without the prior consent of the Company, which consent must not be
unreasonably withheld;

 

(d)            upon request by the
Company, to render all reasonable assistance and co-operation to the Company,
and any related body corporate of the Company or their insurers in the conduct
of any Claim, including, without limitation, providing the Company, its related
body corporates or its insurers with any Documents, authorities and directions
that the Company, its related body corporates or its insurers may reasonably
require for the prosecution or advancement of any cross-claim or counterclaim;

 

(e)            upon request by the
Company or its insurers, to do everything necessary or desirable which the
Company reasonably requests to enable the Company or its insurers (so far as it
is possible) to be subrogated to and enjoy the benefits of the Director’s
rights in relation to any cross-claims or any claims against any third party
(including an insurer) and render such assistance as may be reasonably
requested by the Company or its insurers for that purpose;

 

(f)             to notify any Claim to an
insurer or any other person who may be liable to indemnify the Director in
respect of that Claim and promptly take all reasonable steps to enforce all the
Director’s rights against the insurer or other person;

 

(g)            to refund to the Company
all amounts incurred by the Company under this Deed in respect of a claim under
this Deed if it is established that the Director is not entitled to be
indemnified under clause 3.1 in respect of that claim, such refund to be made
within 30 days of the Company providing to the Director details of such
amounts; and

 

(h)            if the Company has
pursuant to this Deed paid an amount for costs and expenses incurred by a
Director and judgment is not subsequently given in favour of the Director, the
Director is not subsequently acquitted or the Court does not grant relief to
the Director under the Corporations Law, pay the Company an amount equal to the
amount so paid by the Company, the payment to be made within 30 days of the
Company providing to the 

 

 

Director details of the amount and payment of it by
the Company.

 

Without
limiting paragraph (g), paragraph (h) does not apply to a payment made by the
Company pursuant to clause 3.1.

 

3.9           The indemnity under this
Deed given to a Director is in addition to any other indemnity given by the
Company to the Director whether by agreement, under the Constitution, by
statute or otherwise, but nothing in this Deed requires the Company to pay more
than once in respect of any claim.

 

3.10         If a
Director receives payment in respect of any liability, cost or expense from any
insurer of the Director or from a person (other than the Company) legally
obliged to make that payment, the Company is not required to indemnify the
Director under this Deed in respect of that liability, cost or expense to the
extent of that payment.

 

3.11         The
Company is entitled to do one or more of the following:

 

(a)            assume the conduct,
negotiation or defence of a Claim;

 

(b)            institute a cross-claim or
a counterclaim; and

 

(c)            retain lawyers in relation
to a Claim to act on behalf of both the Director and the Company,

 

and when it does so the conduct of the
claim will be under the management and control of the Company or its insurers.

 

3.12         In this
clause, “to the relevant extent” means to the extent and for the amount that
the Director:

 

(a)  is not
otherwise entitled to be indemnified; 
and

 

(b)  has not
actually been so indemnified.

 

4              Maintenance of insurance
coverage

 

4.1           Without limiting the
indemnity in clause 3, the Company undertakes to ensure that throughout the
Period it:

 

(a)            takes out and maintains an
Insurance Policy in an amount and on terms and conditions (including but not
limited to insuring clauses, exclusions and amounts) as are appropriate for a
reasonably prudent company in the Company’s circumstances;

 

(b)            pays the premium for the
Insurance Policy within the credit terms of the demand for payment and, on
request from the Director, produces receipts for the payment;

 

(c)            does not do or permit to
be done anything which prejudices, and immediately rectifies anything which
might prejudice, the Insurance Policy;

 

 

(d)            on
request from the Director, provides the Director with a
copy of the Insurance Policy and any certificates of insurance connected with
it;

 

(e)            notifies the Director
immediately if, for any reason, the Insurance Policy is cancelled (such
notification shall not be taken to limit any other obligations of the Company
under this Deed).

 

4.2           Upon request by the
Company, a Director must take such steps as the Company may reasonably require
to enable it to take out and maintain the Insurance Policy.

 

5              Severability

 

5.1           If any provision of this
Deed is invalid or unenforceable, the invalidity or unenforceability of that
provision does not affect the validity, enforceability, operation, construction
or interpretation of any other provision of this Deed, with the intent that the
invalid or unenforceable provision shall be treated for all purposes as
severable from this Deed.

 

5.2           Clause 5.1 shall not be
construed as permitting anything which would be contrary to public policy.

 

6              Governing law and
jurisdiction

 

6.1           This Deed is governed by
the law in force in Victoria.

 

6.2           Each party irrevocably and
unconditionally submits to the non-exclusive jurisdiction of the courts of
Victoria and courts of appeal from them.

 

EXECUTED as a deed

 

 

	
  SIGNED,
  SEALED AND DELIVERED

  	
   

  	
   

  
	
  by Ahmed Fahour

  	
   

  	
   

  
	
  in the presence
  of:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Rosemary Mould

  	
   

  	
  [Original signed]

  	
   

  
	
  Signature of
  witness

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [Original
  signed]

  	
   

  	
   

  
	
  Name of witness
  (block letters)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  C/- 35/500
  Bourke Street MELBOURNE

  	
   

  	
   

  
	
  Address of
  witness

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Assistant

  	
   

  	
   

  
	
  Occupation of
  witness

  	
   

  	
   

  

 

 

	
  THE
  COMMON SEAL of NATIONAL

  AUSTRALIA BANK LIMITED is affixed

  in accordance with its constitution in the

  presence of:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [Original signed]

  	
   

  
	
  [Original
  signed]

  	
   

  	
  Signature of authorised person

  	
   

  
	
  Signature of
  authorised person

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CHAIRMAN

  	
   

  	
  Company
  Secretary

  	
   

  
	
  Office held

  	
   

  	
  Office held

  
	
   

  	
   

  	
   

  
	
  GRAHAM KRAEHE

  	
   

  	
  GARRY F NOLAN

  	
   

  
	
  Name of
  authorised person

  (block letters)

  	
   

  	
  Name of
  authorised person (block letters)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}]]