Document:

exv4w25

 

Exhibit 4.25

JAMES HARDIE INDUSTRIES N.V.

THE STATE OF NEW SOUTH WALES

 

DEED OF RELEASE

 

CONFORMED COPY

Level 10

Atanaskovic Hartnell House

75-85 Elizabeth Street

Sydney NSW

Australia 2000

 

 

THIS DEED is made on 22 June 2006 between:

	1.	 	James Hardie Industries N.V. ARBN 097 829 895 incorporated in the
Netherlands and having its registered office at Atrium, Unit 04-07,
Strawinskylaan 3077, 1077ZX Amsterdam, The Netherlands, and with its
Australian registered office at Level 3, 22 Pitt Street, Sydney, New
South Wales (JHINV)
	 
	2.	 	The State of New South Wales (NSW Government)

RECITALS

	A.	 	This deed is entered into by the Parties described above in the following context (some of
the expressions used in these recitals being defined in clause 1 of this deed):

	 	(a)	 	on 21 December 2004, the Initial Negotiating Parties entered into a non-binding
Heads of Agreement which set out the agreed position of the Initial Negotiating Parties
in relation to the principles on which the binding agreement referred to in Recital (b)
would be based and the key standing considerations relevant to implementing those
principles to be reflected in the binding agreement; and
	 
	 	(b)	 	on 1 December 2005, the NSW Government, JHINV and the Performing Subsidiary
entered into an agreement (the “Final Funding Agreement”) which set out the agreed
position of those persons in relation to the basis on which, subject to the
satisfaction or waiver of the conditions set out in the Final Funding Agreement, JHINV
and/or the Performing Subsidiary will provide funding on a long-term basis to the
Trustee.

	B.	 	The Parties enter into this deed to give effect to the releases contemplated in clause
12.1(c) of the Heads of Agreement.

THIS DEED WITNESSES that the Parties agree to the following:

	1	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this deed:
	 
	 	 	ABN 60 means ABN 60 Pty Limited (ABN 60 000 009 263).
	 
	 	 	ABN 60 Foundation means ABN 60 Foundation Pty Ltd (ACN 106 266 611).
	 
	 	 	ACTU means Australian Council of Trade Unions of Level 2, 393 Swanston Street,
Melbourne in the State of Victoria.
	 
	 	 	Amaba means Amaba Pty Limited (ABN 98 000 387 342).
	 
	 	 	Amaca means Amaca Pty Limited (ABN 49 000 035 512).

 

 

2

Asbestos Support Groups means each of The Asbestos Diseases Foundation of Australia,
Asbestos Diseases Society of Australia Inc, The Asbestos Victims
Association of South Australia, Queensland Asbestos Related Disease Support Society,
Gippsland Asbestos Related Disease Support Inc, and Asbestos Diseases Society of Victoria.

Associated Person means:

	 	(a)	 	each member of the JHINV Group;
	 
	 	(b)	 	each Liable Entity; and
	 
	 	(c)	 	each past and present director, officer, employee, adviser or agent of any
person described in paragraphs (a) or (b) of this definition.

Banton means Bernie Banton of 133-7 Parramatta Road Granville, in the State of New
South Wales, as the designated representative of the Asbestos Support Groups.

Business Day means a day (not being a Saturday or a Sunday) on which banks are open
for general banking business in Sydney.

Commencement Date means the date on which the Release Legislation commences.

Controlled Entities has the same meaning as in the Final Funding Agreement.

Deed of Accession means the deed of that name dated 8 June 2006 between the Trustee,
JHINV, the Performing Subsidiary and the NSW Government.

Deeds of Covenant and Indemnity means:

	 	(a)	 	the deed of that name dated 16 February 2001 and entered into between JHIL,
Amaba and Amaca and any amendments thereto (including without limitation pursuant to
the amending deed dated 10 September 2001); and
	 
	 	(b)	 	the Deed of Covenant Indemnity and Access between JHINV and ABN 60 dated 31
March 2003 and any amendments thereto.

Final Funding Agreement means the deed of that name dated 1 December 2005 between JHINV,
the Performing Subsidiary, the NSW Government and, pursuant to the Deed of Accession, the
Trustee.

Fund means the Asbestos InjuriesCompensation Fund established pursuant to a trust deed
dated 7 April 2006 between JHINV and the Trustee..

Heads of Agreement means the non-binding agreement entered into on 21 December 2004
between the Initial Negotiating Parties.

Initial Negotiating Parties means each of JHINV, the NSW Government, the ACTU, Unions
NSW and Banton.

Jackson Inquiry means the Special Commission of Inquiry that was commissioned, by
Letters Patent dated 27 February 2004 and 30 June 2004, to inquire into and report on
certain matters relating to the establishment of MRCF.

JHIL means the company formerly known as James Hardie Industries Limited (now ABN
60).

JHIL Group means JHIL and its Controlled Entities from time to time.

 

 

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JHINV Group means JHINV and its Controlled Entities.

Liable Entities means Amaca, Amaba and ABN 60.

MRCF means the Medical Research & Compensation Foundation (ABN 21 095 924 137).

Notice has the meaning given to it in clause 11.

Parties means the parties to this deed.

Performing Subsidiary means LGTDD Pty Limited or, if a subsidiary of JHINV other than
that entity is nominated under clause 6.2 of the Final Funding Agreement, that subsidiary.

Person includes any general partnership, limited partnership, corporation, limited
liability company, joint venture, trust, business trust, governmental agency,
co-operative, association, individual or other entity, and the heirs, executors,
administrators, legal representatives, successors and assigns of such a person as the
context may require.

Release Legislation has the same meaning as in clause 1 of the Final Funding
Agreement.

Relevant Matters means all matters relating to or arising out of any of the following or
their facts, matters and circumstances:

	 	(a)	 	the establishment and underfunding or funding of the MRCF, and the February
2001 ABN 60 group corporate reorganisation (including, without limitation, the
transfer of the Liable Entities out of the JHIL Group, representations made to
incoming directors of the Liable Entities and other third parties regarding the
Liable Entities and their assets and liabilities, the media releases of ABN 60 of 16
February 2001 and of JHINV of 29 and 30 October 2003 and any statements made in
relation to any of the foregoing matters);
	 
	 	(b)	 	the Deeds of Covenant and Indemnity;
	 
	 	(c)	 	the transfers of assets, and the dividends and management fees paid, by the
Liable Entities, as described in the report of the Jackson Inquiry;
	 
	 	(d)	 	the August to October 2001 ABN 60 group corporate reorganisation (including
without limitation the scheme of arrangement in relation to ABN 60 of August to
October 2001, the contemporaneous reduction of capital of (and cancellation of fully
paid ordinary shares in) ABN 60 and subscription by JHINV for partly paid shares in
ABN 60, the subsequent cancellation of those partly paid shares in ABN 60 in March
2003 and representations to third parties and the court and any statements made in
relation to any of the foregoing matters); and
	 
	 	(e)	 	the transfer of assets from ABN 60 to JHINV, the establishment of the ABN
60 Foundation Limited and ABN 60 Foundation Trust, and the allotment of fully paid
shares in ABN 60 to ABN 60 Foundation.

Trustee means the trustee of the Fund from time to time, in its capacity as trustee,
initially being Asbestos Injuries Compensation Fund Limited.

 

 

4

Unions NSW means Unions New South Wales of 10th Floor, 377-383 Sussex
Street, Sydney in the State of New South Wales.

	1.2	 	Interpretation
	 
	 	 	In this deed, unless the context otherwise requires:

	 	(a)	 	headings are for convenience only and do not affect the interpretation of
this agreement;
	 
	 	(b)	 	any reference to civil liability has its natural and ordinary meaning;
	 
	 	(c)	 	words importing the singular include the plural and vice versa;
	 
	 	(d)	 	words importing a gender include any gender;
	 
	 	(e)	 	other parts of speech and grammatical forms of a word or phrase defined in
this agreement have a corresponding meaning;
	 
	 	(f)	 	an expression importing a natural person includes any company, partnership,
joint venture, association, corporation or other body corporate and vice versa;
	 
	 	(g)	 	a reference to any thing (including, but not limited to, any right)
includes a part of that thing;
	 
	 	(h)	 	a reference to a Party to a document includes that Party’s successors and
permitted assigns;
	 
	 	(i)	 	a reference to a statute, regulation, proclamation, ordinance or by-law
includes all statutes, regulations, proclamations, ordinances or by-laws varying,
consolidating or replacing it, and a reference to a statute includes all regulations,
proclamations, ordinances and by-laws issued under that statute; and
	 
	 	(j)	 	a reference to a document or agreement includes all amendments or
supplements to, or replacements or novations of, that document or agreement.

	2	 	DEED BINDS THE CROWN
	 
	 	 	This deed binds the Crown in right of New South Wales.

	 
	3	 	RELEASES BY NSW GOVERNMENT
	 
	3.1	 	With effect on and from the Commencement Date, and to the maximum extent permitted by law
pursuant to this deed (but without requiring any further act by the NSW Government), the NSW
Government releases each of JHINV and each Associated Person from any civil liability relating
to or arising out of any of the Relevant Matters.
	 
	3.2	 	The Parties acknowledge that JHINV holds the benefit of the release set out in clause 3.1 in
favour of an Associated Person on trust for that Associated Person.

 

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	3.3	 	Nothing in this deed can nor shall be taken as an admission by JHINV, the Performing
Subsidiary or any of their Controlled Entities, directors, officers, employees, advisers or
agents (past and present) that it or he or she has had any role in organising or procuring any
unlawful action or is or has been in breach of any law.
	 
	3.4	 	Each release given under this deed in favour of any Associated Person who is a natural person
is absolute, unconditional and irrevocable.
	 
	3.5	 	Each release given under this deed in favour of JHINV or any Associated Person which is not a
natural person shall be suspended whilesoever:

	 	(i)	 	the Performing Subsidiary shall be and remains in breach of any obligation to
make a Funding Payment under the Final Funding Agreement and such breach shall have
remained unremedied for not less than 3 months and remains unremedied;
	 
	 	(ii)	 	JHINV is in breach of clause 7 of the Final Funding Agreement and that breach
has not been rectified within a reasonable period (of not less than 3 months) of JHINV
having received a Notice under clause 12.1(f) of the Final Funding Agreement; or
	 
	 	(ii)	 	JHINV is and remains in breach of clause 7 of the Final Funding Agreement and
JHINV has not given a Notice to the NSW Government under clause 7.9 of the Final
Funding Agreement in respect of that breach, and the NSW Government has given JHINV at
least 30 days’ Notice that the suspension applies.

	4	 	CONFIDENTIALITY
	 
	4.1	 	Subject to clause 4.2, each Party shall keep the terms of this deed strictly confidential.
	 
	4.2	 	A Party may make any disclosures in relation to this deed in the manner and to the extent
permitted under the Final Funding Agreement.
	 
	5	 	DEED MAY BE USED IN COURT

	 	(a)	 	Subject to clause 5(b), except in relation to a breach of this deed, or
whilesoever any release given pursuant to this deed has been suspended in accordance
with clause 3.5, and without affecting the continuing obligations of the Parties
pursuant to this deed, this deed may be pleaded as a full and complete defence by
JHINV or any Associated Person to any civil liability actions, suits, or proceedings
commenced, continued or taken by the NSW Government in relation to any of the
Relevant Matters.
	 
	 	(b)	 	None of JHINV nor any Associated Person which is not a natural person may
plead the releases in favour of that person given under clause 3.1 in defence to any
claim against that person by the NSW Government while that release has been suspended
under clause 3.5.

 

 

6

	6	 	GOVERNING LAW

This Deed shall be construed in accordance with and be governed by the laws of the State of New
South Wales and the Parties agree that the courts of that State will be forum of choice in relation
to this deed.

	7	 	ENTRY INTO DEED

The Parties acknowledge that this deed is voluntarily entered into and that each Party has obtained
their own legal advice concerning its terms.

	8	 	SEVERANCE

If any provision of this deed is held to be invalid or unenforceable for any reason, it will, to
the extent that it is invalid or unenforceable, be treated as severed from this deed and will not
affect the remaining provisions of this deed.

	9	 	VARIATION OF DEED

This Deed may only be varied or replaced by a deed duly executed by each of the Parties.

	10	 	COUNTERPARTS

This Deed may be executed in any number of counterparts and all counterparts, taken together,
constitute one instrument. A Party may execute this deed by executing any counterpart.

	11	 	NOTICES

	11.1	 	A notice, approval, consent, nomination or other communication (“Notice”) to a person
relating to this deed:

	 	(i)	 	must state that it is a notice relating to this deed;
	 
	 	(ii)	 	shall state the relevant clause in this deed to which the notice relates;
	 
	 	(iii)	 	must be in legible writing; and
	 
	 	(iv)	 	must be in English.

	11.2	 	If the Notice is to JHINV then it must be addressed as follows:
	 
	 	 	Name: James Hardie Industries NV
	 
	 	 	Attention: The Chairman
	 
	 	 	Address: Level 3, 20 Pitt Street, Sydney NSW 2000
	 
	 	 	Facsimile: (02) 8274 5217
	 
	 	 	With a copy to:
	 
	 	 	Attention: The Chief Legal Counsel

 

 

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	 	 	Address: Atrium, Unit 04-07, Strawinskylaan 3077, 1077ZX Amsterdam, The Netherlands
	 
	 	 	Facsimile: 31 (0) 20 404 2544
	 
	11.3	 	If the Notice is to the NSW Government then it must be addressed as follows:
	 
	 	 	Name: The State of New South Wales, c/- The Cabinet Office
	 
	 	 	Attention: Deputy Director-General (Legal)
	 
	 	 	Address: Level 39, Governor Macquarie Tower, Farrer Place, Sydney, NSW 2000
	 
	 	 	Facsimile: 02 9228 3062
	 
	11.4	 	If the Notice is from a corporation then an officer of that corporation must sign the Notice.
	 
	11.5	 	Notice is sent by the sender and received by the receiver:

	 	(i)	 	if the Notice is hand delivered, upon delivery to the receiving Party;
	 
	 	(ii)	 	if the Notice is sent by facsimile, upon the successful completion of the
relevant transmission;
	 
	 	(iii)	 	if the Notice is sent by registered mail within Australia, 2 Business Days
after the registration of the notice of posting; and

	11.6	 	If the Notice is sent by ordinary mail within Australia, 3 Business Days from and including
the date of postage
	 
	11.7	 	For the avoidance of doubt, Notice shall not be sent by electronic email.
	 
	11.8	 	In clause 11.5, a reference to a Party receiving a Notice includes a reference to the
receiver’s officers, agents or employees.
	 
	11.9	 	A Party may vary any of the details relating to it or its officers contained in this clause
11.2 at any time by Notice to the other Parties.
	 
	11.10	 	Where a Notice to a Party must be copied to another Person, each such Notice must be
despatched at the same time and using the same method and upon failure to do so, each such
Notice will be deemed to be given at the time and by the method of despatch of the last such
Notice.

 

 

	 	 	 	 	 	 	 
	EXECUTED by the Parties as a Deed:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED by
	 	 	 	 	 	 
	JAMES HARDIE INDUSTRIES NV
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Louis Gries

	 	 	)	 	 	/s/ Russell Chenu
	 
	 	 	)	 	 	 

	Signature of Director

	 	 	 	 	 	Signature of Director/Secretary
	LOUIS GRIES
 

	 	 	 	 	 	RUSSELL
CHENU
 

	Name of Director

	 	 	 	 	 	Name of Director/Secretary
	 
	 	 	 	 	 	 
	EXECUTED by
	 	 	 	 	 	 
	THE HONOURABLE ROBERT JOHN DEBUS MP,
	ATTORNEY GENERAL OF NEW SOUTH WALES
	FOR THE STATE OF NEW SOUTH
	WALES
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Leigh Rae Sanderson

	 	 	)	 	 	/s/ The Hon Robert John Debus
	 
	 	 	)	 	 	 

	Signature of witness

	 	 	 	 	 	Signature
	LEIGH RAE SANDERSON
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of witnessexv4w26

 

Exhibit 4.26

IRREVOCABLE POWER OF

ATTORNEY

ASBESTOS INJURIES

COMPENSATION FUND LIMITED

THE STATE OF NEW SOUTH

WALES

CONFORMED COPY

2 Park Street Sydney NSW 2000 Australia

email@gtlaw.com.au http://www.gtlaw.com.au Facsimile + 61 2 9263 4111 Telephone + 61 2
9263 4000

 

 

	 	 	 	 	 	 	 
	CONTENTS	 	 	 	 
	 	 	 
	 	 	 	 
	1.	 	PRELIMINARY
	 	 	1	 
	 	 	 
	 	 	 	 
	2.	 	APPOINTMENT
	 	 	1	 
	 	 	 
	 	 	 	 
	3.	 	CONSIDERATION
	 	 	1	 
	 	 	 
	 	 	 	 
	4.	 	POWERS
	 	 	2	 
	 	 	 
	 	 	 	 
	5.	 	VALIDITY OF ACTS AND RATIFICATION
	 	 	3	 
	 	 	 
	 	 	 	 
	6.	 	DECLARATION
	 	 	3	 
	 	 	 
	 	 	 	 
	7.	 	USE OF NAME
	 	 	3	 
	 	 	 
	 	 	 	 
	8.	 	AUTHORITY TO BENEFIT THIRD PARTIES
	 	 	3	 
	 	 	 
	 	 	 	 
	9.	 	APPOINTMENT IRREVOCABLE
	 	 	4	 
	 	 	 
	 	 	 	 
	10.	 	US ACKNOWLEDGMENT
	 	 	4	 
	 	 	 
	 	 	 	 
	11.	 	GOVERNING LAW
	 	 	4	 
	 	 	 
	 	 	 	 
	12.	 	NOTICES
	 	 	4	 
	 	 	 
	 	 	 	 
	13.	 	COUNTERPARTS
	 	 	4	 
	 	 	 
	 	 	 	 
	ATTACHMENT A — DICTIONARY AND INTERPRETATION	 	 	1	 

 

 

THIS IRREVOCABLE POWER OF ATTORNEY is made on 8 June 2006

BETWEEN

	1.	 	ASBESTOS INJURIES COMPENSATION FUND LIMITED ACN 117 363 461, a company limited by
guarantee incorporated under the laws of the State of New South Wales, Australia, having its
registered office at Level 3, 22 Pitt Street, Sydney, New South Wales, in its capacity as
trustee for the Asbestos Injuries Compensation Fund, a trust established by way of a trust
deed dated 7 April 2006 (Appointor)
	 
	2.	 	THE STATE OF NEW SOUTH WALES (Attorney)

THE PARTIES AGREE

	1.	 	PRELIMINARY

Defined Terms and Interpretation

	1.1	 	A term or expression starting with a capital letter which is defined in the Dictionary
in Part 1 of Attachment A (Dictionary), has the meaning given to it in the
Dictionary.
	 
	1.2	 	The Interpretation clauses in Part 2 of Attachment A (Interpretation)
set out rules of interpretation for this deed.
	 
	2.	 	APPOINTMENT

The Appointor appoints the Attorney to be its attorney from the date of this deed for the
duration of the Final Funding Agreement.

	3.	 	CONSIDERATION

Each party acknowledges entering into this deed and incurring obligations and giving rights
under this deed for valuable consideration received from the other party to this deed.

 

 

	4.	 	POWERS
	 
	4.1	 	Scope

Subject to clause 4.2, the Appointor hereby irrevocably grants the Attorney the powers to do
in the name of the Appointor and on its behalf everything that the Attorney considers necessary or
expedient to enforce on behalf of the Appointor all promises made by JHINV and the Performing
Subsidiary to the Appointer under clauses 6, 9, 10, 15.1 and 15.7 of the Final Funding Agreement
and under each Relevant Agreement, including without limitation the powers to:

	(a)	 	subject to clause 10 of the Final Funding Agreement, vote and prove, on behalf of the
Appointor, the Wind-Up or Reconstruction Amount or any debt owing to the Appointer under
clause 6, 9, 10, 15.1 and 15.7 of the Final Funding Agreement and any Related Agreement and
make application to any court of competent jurisdiction in relation to any Reconstruction
Event or Insolvency Event of JHINV;
	 
	(b)	 	subject to clause 10 of the Final Funding Agreement be present and vote at any meeting
relating to any Reconstruction Event or, subject to the Intercreditor Deed, any Insolvency
Event of JHINV, or any other meeting of creditors of JHNIV where the obligation owed to the
Appointor arises under clause 6, 9, 10, 15.1 or 15.7 of the Final Funding Agreement or any
Related Agreement;
	 
	(c)	 	individually make submissions to an Insolvency Official or any court having jurisdiction in
connection with any Reconstruction Event or an Insolvency Event of JHINV; and
	 
	(d)	 	do anything which in the Attorney’s opinion is necessary or desirable to ensure the validity
and enforceability of this power of attorney under any applicable law (including without
limitation, stamping or registering this power of attorney or filing this power of attorney
with any government authority).

Without limiting the foregoing but subject to clause 4.2, in respect of an obligation owed to the
Appointor arises under clause 6, 9, 10, 15.1 or 15.7 of the Final Funding Agreement or the Related
Agreements, the Appointor hereby authorizes the Attorney, as attorney in fact for the Appointor and
with full power of substitution to attend the meeting of creditors of JHINV or any adjournment
thereof, and, subject to the Intercreditor Deed, to vote in the Appointor’s behalf on any question
that may be

 

 

lawfully submitted to creditors at such
meeting or adjourned meeting, and for a trustee or trustees of the estate of JHINV and to accept or
reject any plan of reorganisation of JHINV.

	4.2	 	Exercise
	 
	(a)	 	The foregoing powers of enforcement are subject to clause 16.6 of the Final Funding
Agreement.
	 
	(b)	 	This power of attorney automatically terminates in the event of the termination of the Final
Funding Agreement.
	 
	5.	 	VALIDITY OF ACTS AND RATIFICATION

The Appointor:

	(a)	 	declares that everything done by the Attorney in exercising powers under this power of
attorney is as valid as if it had been done by the Appointor; and
	 
	(b)	 	agrees to ratify, confirm and be bound by whatever the Attorney does in exercising powers
under this power of attorney.
	 
	6.	 	DECLARATION

The Appointor declares that a Person who deals with the Attorney in good faith may accept a
written statement signed by the Attorney to the effect that this power of attorney has not been
revoked as conclusive evidence of that fact.

	7.	 	USE OF NAME

The Attorney may exercise powers under this power of attorney in the name of the Appointor
or in the name of the Attorney including the conduct of any court proceedings.

	8.	 	AUTHORITY TO BENEFIT THIRD PARTIES

The Appointor expressly authorises the Appointor to do anything which may result in a
benefit to a third party.

 

 

	9.	 	APPOINTMENT IRREVOCABLE

The Appointor declares that this power of attorney is given for valuable consideration and
is irrevocable from the date of this deed for the duration of the Final Funding Agreement.

	10.	 	US ACKNOWLEDGMENT

The Appointer must, on request by the Attorney, use all reasonable endeavours to ensure that
the execution of this deed is acknowledged before one of the officers enumerated in 28 U.S.C e  459,
e  953, Rule 9012, or a person authorised to administer oaths under the laws of the state where the
oath is administered.

	11.	 	GOVERNING LAW

This deed is governed by the laws applicable in New South Wales.

	12.	 	NOTICES

Clause 30 of the Final Funding Agreement shall apply to notices given under this deed.

	13.	 	COUNTERPARTS

This deed may be executed in any number of counterparts, each of which when executed, is an
original. These counterparts together make one instrument.

 

 

EXECUTED as a deed.

EXECUTED by
ASBESTOS INJURIES
COMPENSATION FUND LIMITED in
its capacity as trustee of the
Asbestos Injuries Compensation
Fund:

	 	 	 
	/s/ P W Baker

	 	/s/ Joanne Marchione
	 
	 	 
	 

	 	 
	Signature of Director*

	 	Signature of Director/*
	 
	 	 
	PETER W. BAKER

	 	JOANNE MARCHIONE
	 
	 	 
	 

	 	 
	Name of Director (print)

	 	Name of Director/Secretary (print)
	/s/ Alan T Kneeshaw

	 	/s/ Alan T Kneeshaw
	 
	 	 
	 

	 	 
	Signature of witness

	 	Signature of witness
	ALAN T. KNEESHAW

	 	ALAN T. KNEESHAW
	 
	 	 
	 

	 	 
	Name of witness (print)

	 	Name of witness(print)

 

		
	*	Each individual signing the deed acknowledges that he or she is a director or secretary of the
corporation named above and is authorised to execute this power of attorney on its behalf.

 

 

SIGNED
by          for the State of
New South Wales in the presence of:

	 	 	 
	/s/ Leigh Rae Sanderson

	 	/s/ The Hon. Robert John Debus MP
	 
	 	 
	 

	 	 
	Signature of Witness

	 	Name of signatory
	 
	 	 
	LEIGH RAE SANDERSON

	 	ATTORNEY GENERAL
	 
	 	 
	 

	 	 
	Name of Witness (print)

	 	Office of signatory

 

 

ATTACHMENT
A — DICTIONARY AND INTERPRETATION

DICTIONARY AND INTERPRETATION

(Clause 1.1)

	1.	 	DICTIONARY

In this deed:

Claimants has the meaning given to it in the Final Funding Agreement.

Compensation Parties has the meaning given to it in the Final Funding Agreement.

Controlled Entity has the meaning given to it in the Final Funding Agreement.

Cross Guarantee has the meaning given to it in the Final Funding Agreement.

Final Funding Agreement means the legally binding agreement so entitled dated 1
December 2005 between JHINV, the Performing Subsidiary and the Attorney to which the Appointor
became a party on or about the date of this deed.

Initial Funding has the meaning given in the Final Funding Agreement.

Insolvency Event has the meaning given to it in the Final Funding Agreement.

Insolvency Official has the meaning given to it in the Intercreditor Deed.

Intercreditor Deed means each deed so entitled to be entered into between JHINV or the
Performing Subsidiary (as the case may be), the NSW Government, the Appointor and the Guarantee
Trustee (as defined in that deed), in or substantially, in the form annexed as Annexure 7A or 7B
respectively, of the Final Funding Agreement.

JHINV means James Hardie Industries N.V. and any Parent Entity.

JHINV Guarantee has the meaning given to it in the Final Funding Agreement.

Notice has the meaning given to it in the Final Funding Agreement.

 

 

Parent Entity means any Person and all such Persons of which JHINV is a Controlled
Entity and where there are two or more such Persons, only the immediate holding company and the
ultimate holding company of JHINV.

Performing Subsidiary means LGTDD Pty Limited or, if a subsidiary of JHINV other than
that entity is nominated under clause 6.2 of the Final Funding Agreement to perform the obligations
described in clauses 6 and 9 of the Final Funding Agreement and each of JHINV and that subsidiary
has complied with clause 6.2 of the Final Funding Agreement, that subsidiary.

Person includes any general partnership, limited partnership, corporation, limited
liability company, joint venture, trust, business trust, governmental agency, co-operative,
association, individual or other entity, and the heirs, executors, administrators, legal
representatives, successors and assigns of such a person as the context may require.

Reconstruction Event has the meaning given to it in the Final Funding Agreement.

Relevant Agreements means each of those documents listed in Schedule 1 to the Final
Funding Agreement to which the Appointor is a party and each Cross-Guarantee given in favour of the
Appointer by any Controlled Entity of JHINV.

Wind-Up or Reconstruction Amount has the meaning given to it in the Final Funding
Agreement.

	2.	 	INTERPRETATION

In this deed the following rules of interpretation apply unless the contrary intention
appears.

	(a)	 	Headings are for convenience only and do not affect the interpretation of this deed.
	 
	(b)	 	The singular includes the plural and vice versa.
	 
	(c)	 	Words that are gender neutral or gender specific include each gender.
	 
	(d)	 	Where a word or phrase is given a particular meaning, other parts of speech and grammatical
forms of that word or phrase have corresponding meanings.
	 
	(e)	 	The words ‘such as’, ‘including’, ‘particularly’ and similar expressions are not used as nor
are intended to be interpreted as words of limitation.
	 
	(f)	 	A reference to:

 

 

	(i)	 	a thing (including but not limited to a chose in action or other right)
includes a part of that thing;
	 
	(ii)	 	a document includes all amendments or supplements to that document;
	 
	(iii)	 	a clause, term, party, schedule or attachment is a reference to a clause or
term of, or party, schedule or attachment to this deed;
	 
	(iv)	 	this deed includes all schedules and attachments to it;
	 
	(v)	 	an agreement other than this deed includes an undertaking, or legally
enforceable arrangement or understanding whether or not in writing; and
	 
	(vi)	 	a monetary amount is in Australian dollars.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]