Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

INTELLECTUAL PROPERTY SECURITY AGREEMENT 

This INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), dated as of May 29, 2020, is by and among Borrower (as hereinafter defined); Baudax Bio N.A. LLC, a Delaware limited liability company; and Baudax Bio Limited, an Irish private company limited by shares having
company number 562027 (the “Irish Guarantor”), (each a “Grantor” and, collectively, the “Grantors”) in favor of Wilmington Trust, National Association, solely in its capacity as collateral agent
(together with its successors and assigns in such capacity, the “Secured Party”) for the benefit of itself and the Lenders (as hereinafter defined). 

RECITALS: 
 WHEREAS, pursuant to
that certain Credit Agreement, dated as of the date hereof (as amended, restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”), by and among Baudax Bio, Inc., a Pennsylvania corporation (the
“Borrower”), the financial institutions from time to time party to the Credit Agreement as lenders (collectively, with their permitted successors and assignees, the “Lenders”), and the Secured Party, the Lenders
have agreed to provide certain financial accommodations to the Borrower; and 
 WHEREAS, the Lenders are willing to extend financial
accommodations to the Borrower as provided for in the Credit Agreement, but only upon the condition, among others, that the Grantors shall have executed and delivered to the Secured Party, for its benefit and the benefit of itself and the Lenders,
this Agreement. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows: 
 SECTION 1.
Defined Terms; Rules of Construction. 
  

	 	(a)	 Capitalized terms used in this Agreement but not otherwise defined herein have the meanings given to them in
the Credit Agreement. 

  

	 	(b)	 When used herein the following terms shall have the following meanings: 

“Copyrights” shall have the meaning provided thereto in the U.S. Security Agreement. 

“Copyright Licenses” means all agreements pursuant to which any Grantor is licensor or licensee, granting any right under any
Copyright, including but not limited to, rights to manufacture, reproduce, display, distribute, perform, modify or otherwise exploit, and sell materials embodying or derived from, any copyrighted work. 

“Intellectual Property” shall have the meaning provided thereto in the U.S. Security Agreement. 

“Obligations” shall have the meaning provided thereto in the Credit Agreement. 

 “PTO” means the United States Patent and Trademark Office and any successor
office or agency. 
 “Patents” shall have the meaning provided thereto in the U.S. Security Agreement. 

“Patent Licenses” means all agreements pursuant to which any Grantor is licensor or licensee, granting any right to
manufacture, have made, import, use, or sell any invention covered in whole or in part by a Patent. 
 “Proceeds” shall
have the meaning provided thereto in the U.S. Security Agreement. 
 “Products” shall have the meaning provided thereto in
the Credit Agreement. 
 “Trademarks” shall have the meaning provided thereto in the U.S. Security Agreement. 

“Trademark Licenses” mean all agreements pursuant to which any Grantor is licensor or licensee, granting any right to use a
Trademark. 
 “UCC” shall have the meaning provided thereto in the U.S. Security Agreement. 

 

	 	(c)	 All Schedules, Addenda, Annexes and Exhibits hereto or expressly identified to this Agreement are incorporated
herein by reference and taken together with this Agreement constitute but a single agreement. The words “herein”, “hereof” and “hereunder” or other words of similar import refer to this Agreement as a whole, including
the Exhibits, Addenda, Annexes and Schedules thereto, as the same may be from time to time amended, modified, restated or supplemented, and not to any particular section, subsection or clause contained in this Agreement. Wherever from the context it
appears appropriate, each term stated in either the singular or plural shall include the singular and the plural, and pronouns stated in the masculine, feminine or neuter gender shall include the masculine, the feminine and the neuter. The term
“or” is not exclusive. The term “including” (or any form thereof) shall not be limiting or exclusive. All references to statutes and related regulations shall include any amendments of same and any successor statutes and
regulations. All references in this Agreement or in the Schedules, Addenda, Annexes and Exhibits to this Agreement to sections, schedules, disclosure schedules, exhibits, and attachments shall refer to the corresponding sections, schedules,
disclosure schedules, exhibits, and attachments of or to this Agreement. All references to any instruments or agreements, including references to any of this Agreement, the Credit Agreement or the other Loan Documents shall include any and all
modifications or amendments thereto and any and all extensions or renewals thereof. 

  

	 	(d)	 The parties acknowledge that each party and its counsel have reviewed this Agreement and that the normal rule
of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments, schedules or exhibits thereto. 

  
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 SECTION 2. Grant of Security Interest in Intellectual Property Collateral. To
secure the prompt payment to the Lenders of the Obligations of the Grantors now or hereafter existing from time to time, each Grantor hereby pledges and grants to the Secured Party, for its benefit and the benefit of the Lenders, a continuing
security interest in and Lien upon all of such Grantor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Collateral”): 

 

	 	(a)	 Trademarks and Trademark Licenses to which it is a party, including those referred to on Schedule I
hereto;  

  

	 	(b)	 Patents and Patent Licenses to which it is a party, including those referred to on Schedule II hereto;

  

	 	(c)	 Copyrights and Copyright Licenses to which it is a party, including those referred to on Schedule III
hereto; 

  

	 	(d)	 Intellectual Property not covered by the foregoing, including those referred to on Schedule IV
hereto;  

  

	 	(e)	 Renewals, reissues, continuations, divisions, or extensions of any of the foregoing; 

 

	 	(f)	 Rights to sue third parties for past, present or future infringement, dilution, misappropriation, or other
violation of rights in any Intellectual Property, including injury to the goodwill associated with any Trademark, and all causes of action for the same; and 

  

	 	(g)	 All Products and Proceeds of all or any of the foregoing, tort claims and all claims and other rights to
payment including (i) insurance claims against third parties for loss of, damage to, or destruction of, the foregoing Collateral and (ii) payments due or to become due under licenses of any or all of the foregoing and Proceeds payable
under, or unearned premiums with respect to policies of insurance in whatever form; provided, however, that the Collateral shall not constitute a grant of a security interest in any trademark or service mark applications filed in the
PTO on the basis of any Grantor’s intent to use such trademark or service mark, unless and until a statement of use or amendment to allege use is filed in the PTO, in which event, such trademark or service mark shall automatically be included
in the Collateral. 

 SECTION 3. Representations and Warranties. Each Grantor represents and warrants to the
Secured Party, in addition to the representations and warranties in the Credit Agreement and the other Loan Documents, that: 
  

	 	(a)	 such Grantor has been using commercially reasonably efforts to include statutory notice of registration in
connection with its use of registered Trademarks, proper marking practices in connection with the use of Patents, and appropriate notice of copyright in connection with the publication of copyrighted material; 

  
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	 	(b)	 such Grantor has used commercially reasonably efforts to ensure that all licensees of Trademarks owned by such
Grantor use consistent standards of quality as directed by such Grantor in connection with its licensed products and services; and 

  

	 	(c)	 this Agreement, together with the Security Agreement, is effective to create a valid security interest in favor
of the Secured Party, for its benefit and the benefit of the Lenders, in all of such Grantor’s Intellectual Property. Upon (i) the filing of this Agreement in the United States Copyright Office (with respect to the United States Copyrights
set forth on Schedule III hereto), (ii) the filing of all appropriate UCC-1 financing statements (with respect to each Grantor’s (A) Patents, (B) Trademarks and (C) any Copyrights of such
Grantor not registered with the United States Copyright Office) (iii) the filing of this Agreement in the PTO (with respect to the United States Patents set forth on Schedule II hereto and the United States Trademarks set forth on Schedule I
hereto) (iv) a Form C1 filing in respect of this Agreement with the Companies Registration Office of Ireland (v) a filing with the Revenue Commissioners of Ireland in respect of this Agreement pursuant to section 1001 of the Taxes
Consolidation Act 1997 and (vi) a filing in respect of this Agreement with the Intellectual Property Office of Ireland, such security interest will be enforceable as such as against any and all creditors of, and purchasers from, such Grantor
(subject only to Permitted Liens) and all action necessary to protect and perfect the Secured Party’s Lien on such Grantor’s Patents, Trademarks, and Copyrights, shall have been taken. 

SECTION 4. Covenants. Each Grantor covenants and agrees with the Secured Party, from and after the date of this Agreement, and in
addition to the covenants in the Credit Agreement and the other Loan Documents, that: 
  

	 	(a)	 Such Grantor shall notify the Secured Party promptly in writing if it knows or has reason to know that any
application or registration relating to any material Intellectual Property owned by such Grantor has or may become abandoned, dedicated to the public, placed in the public domain or otherwise invalidated or unenforceable. Such Grantor shall further
notify the Secured Party promptly in writing of any adverse determination or decision in any proceeding and the institution of any proceeding challenging such Grantor before the PTO, the United States Copyright Office, or any similar agency of the
United States, any State, or other country or political subdivision thereof, any internet domain registry or other registry, or any court, regarding such Grantor’s ownership of or right to use, register, keep and/or maintain any material
Intellectual Property. Such Grantor shall be free to prosecute and maintain its material Intellectual Property in the ordinary course of business in a commercially reasonable manner, and, notwithstanding the foregoing, shall not be required to
report preliminary or initial determinations, unless and until made final (with no further right to appeal or proceed available or otherwise taken by Grantor), by the PTO, the United States Copyright Office, or any similar agency of the United
States, any State, or other country or political subdivision thereof, any internet domain registry or other registry, or any court, regarding such Grantor’s ownership of or right to use, register, keep and/or maintain any Intellectual Property;

  
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	 	(b)	 Such Grantor shall (i) prosecute diligently any patent, trademark, or service mark applications pending as
of the date hereof or hereafter if material to the operations of the business of such Grantor, (ii) preserve and maintain all rights in the Copyrights, Patents and Trademarks, to the extent material to the operations of the business of such
Grantor and (iii) ensure that the Copyrights, Patents and Trademarks are and remain enforceable, to the extent material to the operations of the business of such Grantor. Any expenses incurred in connection with the Grantors’ obligations
under this Section 4(b) shall be borne by the Grantors. Except for any such items that a Grantor reasonably believes (using prudent industry customs and practices) are no longer necessary for the on-going
operations of its business, the Grantors shall not abandon any material right to file a patent, trademark or service mark application, or abandon any pending patent, trademark or service mark application or any other Copyright, Patent or Trademark
without the prior written consent of the Secured Party (at the direction of the Required Lenders), which consent shall not be unreasonably withheld; 

  

	 	(c)	 In the event that any material Intellectual Property owned by or exclusively licensed to such Grantor is
infringed, diluted, misappropriated, or otherwise violated by a third party, such Grantor shall notify the Secured Party promptly in writing after such Grantor learns thereof and shall promptly take all commercially reasonable actions to stop the
same and enforce its rights in such material Intellectual Property and to recover all damages therefor, including, but not limited to, the initiation of a suit for injunctive relief and damages where reasonable and cost effective to do so (provided
that such Grantor must initiate suit in all cases where the failure to do so could reasonably be expected to have a Material Adverse Effect) and shall take such other actions as are commercially reasonable, or as the Secured Party or the Required
Lenders shall deem appropriate in its or their good faith exercise of its or their commercially reasonable discretion under the circumstances to protect such Grantor’s rights in such material Intellectual Property; 

 

	 	(d)	 Such Grantor shall use commercially reasonable efforts to use appropriate statutory notice of registration in
connection with its use of registered Trademarks, proper marking practices in connection with the use of Patents, appropriate notice of copyright in connection with the publication of copyrighted materials, and other legends or markings applicable
to other Intellectual Property; 

  

	 	(e)	 Such Grantor shall use commercially reasonable efforts to maintain the level of the quality of products sold
and services rendered under any Trademarks owned by such Grantor at a level at least consistent with the quality of such products and services as of the date hereof, and such Grantor shall adequately control the quality of goods and services offered
by any licensees of its Trademarks; 

  

	 	(f)	 Such Grantor shall take all steps necessary to protect the secrecy of all trade secrets material to its
business 

  

	 	(g)	 To the knowledge of such Grantor, neither the conduct of such Grantor’s business nor its use of the
Intellectual Property owned by such Grantor is interfering with, infringing upon, misappropriating, or otherwise in conflict with the Intellectual Property rights of any third party; and 

  
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	 	(h)	 In the event any Grantor, (i) either directly or through any agent, employee, licensee or designee, files
an application for the registration of any Patent, Trademark or Copyright with the PTO, the United States Copyright Office or any similar office or agency, (ii) obtains rights to any new patentable inventions, any registered Copyrights or any
Patents or Trademarks, or (iii) becomes entitled to the benefit of any registered Copyrights or any Patents or Trademarks or any improvement on any Patent, the provisions of this Agreement shall automatically apply thereto and such Grantor
shall give to the Secured Party written notice thereof by delivery of an updated Schedule III, IV, V and/or VI to the Security Agreement, as applicable, in accordance with Section 2(e) of the Security Agreement. The Grantors hereby authorize
the Secured Party to modify this Agreement by amending Schedules I, II, III and IV hereto, as applicable, to include any such registered Copyrights or any such Patents and Trademarks, and to execute and deliver a supplement hereto (in form and
substance satisfactory to the Secured Party and the Required Lenders) to evidence the Secured Party’s lien on any such Patent, Trademark or Copyright, and the general intangibles of such Grantor relating thereto or represented thereby.

 SECTION 5. Loan and Security Agreement. The security interests granted pursuant to this Agreement are
granted in conjunction with the security interests granted by each Grantor to the Secured Party, for its benefit and the benefit of the Lenders pursuant to the U.S. Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and
remedies of the Secured Party with respect to the Collateral made and granted herein are more fully set forth in the Credit Agreement and the U.S. Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully
set forth herein. Any rights and remedies set forth herein are without prejudice to, and in addition to, those set forth in the Credit Agreement and the U.S. Security Agreement. 

The Secured Party shall act (or omit to act) at the direction of the Required Lenders under any provision of this Agreement requiring the
Secured Party to take action or to omit from taking action (other than ordinary administration) or to exercise discretion. 

SECTION 6. Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be
filed by or against any Grantor for liquidation or reorganization, should any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of
such Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that
any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

  
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 SECTION 7. Indemnification. Each Grantor assumes all responsibility and
liability arising from the use of the Intellectual Property and Grantors, jointly and severally, hereby indemnify and hold the Secured Party and the Lenders and each of the officers, directors, employees, Affiliates, controlling persons, advisors
and agents of the Secured Party and the Lenders harmless from and against any claim, suit, loss, damage or expense (including reasonable attorneys’ fees) arising out of any Grantor’s operations of its business from the use of the
Intellectual Property, except to the extent any such claim, suit, loss, damage or expense results from the Secured Party’s or Lender’s own gross negligence or willful misconduct, in each case as determined by a court of competent
jurisdiction in a final, non-appealable determination. In any suit, proceeding or action brought by the Secured Party under any Patent License, Trademark License, or Copyright License for any sum owing
thereunder, or to enforce any provisions of such License, Grantors will, jointly and severally, indemnify and keep the Secured Party and its officers, directors, employees, Affiliates, controlling persons, advisors and agents harmless from and
against all expense, loss or damage suffered by reason of any defense, set off, counterclaim, recoupment or reduction or liability whatsoever of the obligee thereunder, arising out of a breach of any Grantor of any obligation thereunder or arising
out of any other agreement, indebtedness or liability at any time owing to or in favor of such obligee or its successors from any Grantor, except to the extent any such expense, loss or damage results from the Secured Party’s own gross
negligence or willful misconduct, in each case as determined by a court of competent jurisdiction in a final, non-appealable determination, and all such obligations of Grantors shall be and remain enforceable
against and only against Grantors and shall not be enforceable against the Secured Party or any Lender. 
 SECTION 8. Notices.
Whenever it is provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other party, or whenever any of the parties desires to give and
serve upon any other party any communication with respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in writing and shall be given in the manner, and deemed received, as
provided for in the U.S. Security Agreement. 
 SECTION 9. Termination of this Agreement. Subject to Section 6 hereof, this
Agreement shall terminate upon the Payment in Full in cash of all Obligations. 
 SECTION 10. Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 

SECTION 11. Electronic Signatures. The parties to this Agreement consent to the execution by or on behalf of each other party of
this Agreement, and the witnessing thereof, by electronic signature, provided that such manner of execution is permitted by law. The parties to this Agreement agree that an executed copy of this Agreement may be retained in electronic form and
acknowledge that such electronic form shall constitute an original of this Agreement and may be relied upon as evidence of this Agreement. 

SECTION 12. Companies Registration Office of Ireland filing. By its execution of this Agreement, the Irish Guarantor irrevocably
and unconditionally authorises any and each solicitor from time to time in the Irish law firm acting for the Secured Party and the Lenders (“Lenders Solicitors”) to: 

  
 7 

	1.	 sign or complete (whether electronically or otherwise) on behalf of the Irish Guarantor all required security
related registration forms required to be delivered to the Companies Registration Office (“CRO”) in connection with this Agreement, 

  

	2.	 file (whether electronically or otherwise) each such registration form with the CRO; and 

 

	3.	 include an email address for a solicitor in the Lenders Solicitors in each such registration form for the
purposes of receiving any certificate of registration of charge electronically from the CRO. 

 In giving this authorisation, the Irish
Guarantor agrees and acknowledges that: 
  

	1.	 no solicitor/client relationship exists between the Lenders Solicitors (or any solicitor at that law firm) and
the Irish Guarantor; 

  

	2.	 it is the Irish Guarantor’s responsibility to comply with the procedures set out in Sections 409(3) and
(4) of the Irish Companies Act (without prejudice to Section 410(2) thereof); and 

  

	3.	 the Lenders Solicitors have no liability or responsibility to the Irish Guarantor for any failure to comply
with the terms of this authorisation where the Lenders Solicitors have taken all reasonably practicable steps to comply with the applicable requirements and such failure is due to anything outside the reasonable control of the Lenders Solicitors.

 [Signature Pages Follow] 

  
 8 

 IN WITNESS WHEREOF, each Grantor has executed this Intellectual Property Security Agreement
as of the date first written above. 
  

			
	BAUDAX BIO, INC.
		
	By:	 	 /s/ Ryan D. Lake

	Name:	 	Ryan D. Lake
	Title:	 	Chief Financial Officer, Secretary and Treasurer
	
	BAUDAX BIO N.A. LLC
		
	By:	 	 /s/ Ryan D. Lake

	Name:	 	Ryan D. Lake
	Title:	 	Secretary and Treasurer
	
	BAUDAX BIO LIMITED
		
	By:	 	 /s/ Gerri Henwood

	Name:	 	Gerri Henwood
	Title:	 	Director

 [Signature Page to Intellectual Property Security Agreement] 

 ACCEPTED and ACKNOWLEDGED by: 
  

			
	 WILMINGTON TRUST, NATIONAL

ASSOCIATION, as Agent

		
	By:	 	 /s/ Andrew Lennon

	Name:	 	Andrew Lennon
	Title:	 	AVP

 [Signature Page to Intellectual Property Security Agreement] 

 Schedule I 

Trademarks and Trademark Licenses 

 Schedule II 

Patents and Patent Licenses 

 Schedule III 

Copyrights and Copyright Licenses 

 Schedule IV 

Other Intellectual Property - DomainsExhibit 10.1.2 - NAB Amendment Deed

		
			AMENDMENT DEED
		

		
			National Australia Bank Limited
		

		
			and
		

		
			Reading Entertainment Australia Pty Ltd
		

			
					
						﻿

				
	
					
						Dated ________12 June 2018___________

				

		
			﻿
		

		
			 
		

		

		

		 

 

		Table of Contents
		

			
					
						﻿

					
					
						 

				
	
					
						1.    DEFINITIONS AND INTERPRETATION

					
					
						1

				
	
					
						2.    CONDITIONS PRECEDENT

					
					
						2

				
	
					
						3.    AMENDMENT

					
					
						2

				
	
					
						4.    CONFIRMATION

					
					
						3

				
	
					
						5.    REPRESENTATIONS AND WARRANTIES

					
					
						3

				
	
					
						6.    REMAINING PROVISIONS UNAFFECTED

					
					
						3

				
	
					
						7.    GENERAL

					
					
						3

				
	
					
						       SCHEDULE 1

					
					
						4

				

		
			﻿
		

		
			i
		

		
			﻿
		

		
			 
		

		

		

		 

		

			 

		

 

		THIS DEED is dated as shown on the front page and is between:
		

		
			NATIONAL AUSTRALIAN BANK LIMITED) ABN 12 004 044 937 of Level 1, 800 Bourke Street, Docklands, Victoria 3008 (NAB);
		

		
			Each person listed as a borrower in Schedule 1 (Borrower and together the Borrowers); and
		

		
			Each person (if any) listed as a guarantor in Schedule 1 (Guarantor and together the Guarantors).
		

		
			BACKGROUND:
		

		
			ASome or all of the parties are parties to the Facility Agreement.
		

		
			BThe parties agree to amend the Facility Agreement on the terms and conditions set out in this document.
		

		
			CWith effect on and from the Effective Date the Facility Agreement is amended in accordance with this document.
		

		
			IT IS AGREED as follows:
		

			
	
			
				 1.
			

			
	
			
			DEFINITIONS AND INTERPRETATION

			
	
			
				 1.1
			

			
	
			
			Definitions

		
			Words which have a defined meaning in the Facility Agreement have the same meaning in this document unless otherwise defined.
		

		
			Effective Date means the date NAB gives the notice contemplated in clause 2.1 (Conditions precedent).
		

		
			Facility Agreement means the facility agreement between NAB and some or all of the Obligors dated or most recently amended or restated on or about 17 December 2015, as amended from time to time.
		

		
			Obligor means each Borrower and Guarantor.
		

			
	
			
				 1.2
			

			
	
			
			Interpretation

		
			Clause 1.2 (Construction) of the Facility Agreement applies to this document as if set out in full in this document.
		

			
	
			
				 1.3
			

			
	
			
			Inconsistent law

		
			To the extent permitted by law, this document prevails to the extent it is inconsistent with any law.
		

		 

		

			1

		

		

			 

		

 

			
	
			
				 1.4
			

			
	
			
			Consideration

		
			The parties enter into this document in consideration of, among other things, the mutual promises contained in this document.
		

			
	
			
				 1.5
			

			
	
			
			Transaction Document

		
			This document is a Transaction Document for the purposes of the Facility Agreement.
		

			
	
			
				 2.
			

			
	
			
			CONDITIONS PRECEDENT

			
	
			
				 2.1
			

			
	
			
			Conditions precedent

		
			The amendments proposed to the Facility Agreement referred to in clause 3 (Amendment) are of no force and effect until NAB has notified the Borrower in writing that each of the following has been received by NAB or otherwise complied with in form and substance satisfactory to NAB:
		

			
	
			
				 (a)
			

			
	
			
			The results of NAB’s enquiries and searches; and

			
	
			
				 (b)
			

			
	
			
			An original of this document duly and fully executed by the Obligors.

			
	
			
				 2.2
			

			
	
			
			Certification of copies

		
			Unless otherwise required by NAB, each document specified in respect of an Obligors in clause 2.1 (Conditions precedent) must be an original.  If NAB requires a certified copy of a document, the copy must be certified by a director or secretary of that Obligor as true and complete as at a date no earlier than S Business Days before the date of this document.
		

			
	
			
				 3.
			

			
	
			
			AMENDMENT

		
			With effect on and tromp the Effective Date, the Facility Agreement is amended as follows:
		

			
	
			
				 (a)
			

			
	
			
			The table in Schedule 2 is deleted and replaced with the following:

			
					
						Facility Name

					
					
						Granted pursuant to

					
					
						Facility Limit

					
					
						Purpose

					
					
						Termination Date

				
	
					
						Corporate Markets Loan Facility

					
					
						Clause 4 (a)(i)

					
					
						$66,500,000

					
					
						General corporate purposes.

					
					
						31 December 2019

				
	
					
						Bank Guarantee Facility

					
					
						Clause 4.1(a)(ii)

					
					
						$5,000,000

					
					
						To support other cinema operations now or in the future operating from third party leased premises.

					
					
						31 December 2019

				

		
			﻿
		

		 

		

			2

		

		

			 

		

 

			
	
			
				 4.
			

			
	
			
			CONFIRMATION

			
	
			
				 (a)
			

			
	
			
			With effect on and from the Effective Date, each party confirms and agrees that it is a party to, and bound by the terms of, the Facility Agreement, as amended by this document, and in the case of each Obligor, in each capacity in which that party is named in Schedule 1.

			
	
			
				 (b)
			

			
	
			
			Each Obligor agrees to any security documents and guarantees granted by it continuing to secure obligations under the Facility Agreement, as amended by this document.

			
	
			
				 5.
			

			
	
			
			REPRESENTATIONS AND WARRANTIES

		
			On the date of this document and on the Effective Date, each representation and warranty contained in the Facility Agreement is deemed to be repeated by each Obligor for the benefit of NAB with reference to the facts and circumstances subsisting as at the date of this document and the Effective Date respectively.
		

			
	
			
				 6.
			

			
	
			
			REMAINING PROVISIONS UNAFFECTED

		
			Except as specifically amended by this document, the provisions of the Facility Agreement remain in full force and effect.
		

			
	
			
				 7.
			

			
	
			
			GENERAL

			
	
			
				 7.1
			

			
	
			
			Communications and notices

		
			A notice given under this deed must be given in accordance with the Facility Agreement.
		

			
	
			
				 7.2
			

			
	
			
			Counterparts

		
			This document may be executed in any number of counterparts and, if so, the counterparts taken together constitute one and the same instrument.
		

			
	
			
				 7.3
			

			
	
			
			General law and jurisdiction

		
			This document is governed by the laws of Victoria.  Each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts exercising jurisdiction there.
		

		
			 
		

		
			
		

		 

		

			3

		

		

			 

		

 

		SCHEDULE 1
		

		
			BORROWER(S)
		

			
					
						Name

					
					
						ACN

				
	
					
						Reading Exertainment Australia Pty Ltd

					
					
						 

				

		
			﻿
		

		
			GUARANTOR(S)
		

			
					
						﻿

					
					
						 

				
	
					
						Name

					
					
						ACN

				
	
					
						Reading Entertainment Australia Ply Ltd

					
					
						 

				
	
					
						Australia Country Cinemas Pty Ltd

					
					
						 

				
	
					
						Australian Equipment Supply Pty Ltd

					
					
						 

				
	
					
						Burwood Developments Pty Ltd

					
					
						 

				
	
					
						Epping Cinemas Pty Ltd

					
					
						 

				
	
					
						Hotel Newmarket Pty Ltd

					
					
						 

				
	
					
						Newmarket Properties Pty Ltd

					
					
						 

				
	
					
						Newmarket Properties No. 2 Pty Ltd

					
					
						 

				
	
					
						Newmarket Properties #3 Pty Ltd

					
					
						 

				
	
					
						Reading Auburn Pty Ltd

					
					
						 

				
	
					
						Reading Australia Leasing (E&R) Pty Ltd

					
					
						 

				
	
					
						Reading Belmont Pty Ltd

					
					
						 

				
	
					
						Reading Charlestown Pty Ltd

					
					
						 

				
	
					
						Reading Cinemas Pty Ltd

					
					
						 

				
	
					
						Reading Cinemas Management Pty Ltd

					
					
						 

				
	
					
						Reading Colac Pty Ltd

					
					
						 

				
	
					
						Reading Dandenong Pty Ltd

					
					
						 

				
	
					
						Reading Elizabeth Pty Ltd

					
					
						 

				
	
					
						Reading Exhibition Pty Ltd

					
					
						 

				
	
					
						Reading Licences Pty Ltd

					
					
						 

				
	
					
						Reading Maitland Pty Ltd

					
					
						 

				
	
					
						Reading Melton Pty Ltd

					
					
						 

				
	
					
						Reading Bundaberg 2012 Pty Ltd (formerly Reading Moonee Ponds Pty Ltd)

					
					
						 

				
	
					
						Reading Properties Pty Ltd

					
					
						 

				
	
					
						Reading Properties Indooroopilly Pty Ltd as trustee for The Landplan Property Partners Discretionary Trust

					
					
						 

				
	
					
						Reading Properties Taringa Pty Ltd as trustee for the Reading Property Partners No. 1 Discretionary Trust

					
					
						 

				
	
					
						Reading Property Holdings Pty Ltd

					
					
						 

				
	
					
						Reading Rouse Hill Pty Ltd

					
					
						 

				
	
					
						Reading Sunbury Pty Limited

					
					
						 

				
	
					
						Rhodes Peninsula Cinema Pty Ltd

					
					
						 

				
	
					
						Westlakes Cinema Pty Ltd

					
					
						 

				
	
					
						A.C.N. __________ Pty Ltd

					
					
						 

				

		
			 
		

		

		

		 

		

			4

		

		

			 

		

 

		EXECUTED AS A DEED
		

		
			SIGNATURES
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Entertainment

					
						Austria Ply Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						﻿/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Australian Country

					
						Cinemas Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Australian Equipment

					
						Supply Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Burwood Developments

					
						Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Epping Cinemas Pty Ltd
ACN  __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Hotel Newmarket Pty Ltd 

					
						ACN  __________

					
					
						)

					
						)

					
					
						 

				
	
					
						__________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			5

		

		

			 

		

 

			
					
						Executed by Newmarket Properties Pty

					
						Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						____________________________________

					
					
						 

					
					
						 

				
	
					
						Executed by Newmarket Properties No. 

					
						2 Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						____________________________________

					
					
						 

					
					
						 

				
	
					
						Executed by Newmarket Properties #3

					
						Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						____________________________________

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Auburn Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Australia Leasing

					
						 (E&R) Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

		

		

		 

		

			6

		

		

			 

		

 

		
		

		
			﻿
		

			
					
						____________________________________

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Belmont Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						____________________________________

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Bundaberg 2012

					
						Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Charlestown Pty

					
						Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Cinemas Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Cinemas

					
						Management Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Colac Pty Ltd

					
						 

					
						ACN _________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			7

		

		

			 

		

 

			
					
						Executed by Reading Dandenong Pty

					
						Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Elizabeth Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Exhibition Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Licences Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Maitland Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Melton Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Properties Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				

		 

		

			8

		

		

			 

		

 

			
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Properties

					
						Indooroopilly Pty Ltd ACN __________

					
					
						)

					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Properties

					
						Taringa Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Property

					
						Housing Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Rouse Hill Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Reading Sunbury Pty Ltd

					
						ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by Rhodes Peninsula Cinema

					
						Pty Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			9

		

		

			 

		

 

			
					
						Executed by Westlakes Cinema Pty Ltd

					
						ACN __________ 

					
					
						)

					
						)

					
					
						 

				
	
					
						___________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski________________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by A.C.N. 143 633 096 Pty

					
						Ltd ACN __________

					
					
						)

					
						)

					
					
						 

				
	
					
						____________________________________

					
						Director

					
					
						 

					
					
						___________________________________

					
						Director

				
	
					
						/s/ Devasis Ghose_____________________

					
						Devasis Ghose

					
					
						 

					
					
						/s/ Andrzej Matyczynski_______________

					
						Andrzej Matyczynski

				

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Executed by National Australia Bank

					
						Limited ABN 12 004 044 937 by its

					
						Attorney who holds the position of Level

					
						2 Attorney under Power of Attorney

					
						dated 1/3/2007 in the presence of:

					
					
						)

					
						)

					
						)

					
						)

					
						)

					
					
						 

				
	
					
						/s/ Trent Millsteed_____________________

					
						Witness

					
						Trent Millsteed_______________________

					
						Name of Witness (print)

					
					
						 

					
					
						/s/ Andrew Tham_____________________

					
						Attorney

				
	
					
						﻿

					
					
						 

					
					
						Andrew Tham_______________________

					
						Name of Attorney (print)

				

		
			﻿
		

		 

		

			10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}]]