Document:

Exhibit 10.2

 

LRE GP, LLC
 LONG-TERM INCENTIVE PLAN

 

FORM OF RESTRICTED UNIT AWARD AGREEMENT

 

This Restricted Unit Award Agreement (this “Agreement”) is made and entered into by and between LRE GP, LLC, a Delaware limited liability company (the “Company”), and                                            (the “Participant”). This Agreement is entered into as of the        day of                           , 20     (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.

 

W I T N E S S E T H:

 

WHEREAS, the Company adopted the LRE GP, LLC LONG-TERM INCENTIVE PLAN (the “Plan”) on                       , to attract, retain and motivate employees, officers, directors and consultants; and

 

WHEREAS, the Board of Directors of the Company (the “Board”) has authorized the grant to employees, officers and directors of restricted units of LRR ENERGY, L.P., a Delaware limited partnership (the “Partnership”), as part of their compensation for services performed for the Company, the Partnership, or any other entity which is an affiliate (within the meaning of such term under the Exchange Act and the rules promulgated thereunder) of the foregoing entities (collectively, the “Partnership Entities”).

 

NOW, THEREFORE, in consideration of the Participant’s agreement to provide or to continue providing services to the Partnership Entities, the Participant and the Company agree as follows:

 

SECTION 1. Grant.

 

The Company hereby grants to the Participant as of the Date of Grant an award of                    Units, subject to the terms and conditions set forth in the Plan, which is incorporated herein by reference, and in this Agreement, including, without limitation, those restrictions described in Section 2 (the “Restricted Units”).

 

SECTION 2. Restricted Units.

 

The Restricted Units are restricted in that they may be forfeited to the Company and in that they may not, except as otherwise provided in Section 5, be transferred or otherwise disposed of by the Participant until such restrictions are removed or expire as described in Section 4 of this Agreement. The Company shall issue in the Participant’s name the Restricted Units and shall retain the Restricted Units until the restrictions on such Restricted Units expire or until the Restricted Units are forfeited as described in Section 4 of this Agreement. The Participant agrees that the Company will hold the Restricted Units pursuant to the terms of this Agreement until such time as the Restricted Units are either delivered to the Participant or forfeited pursuant to this Agreement.

 

 

SECTION 3. Rights of Participant; Unit Distribution Rights.

 

Effective as of the Date of Grant, the Participant shall be treated for all purposes as a unitholder with respect to all of the Restricted Units granted to him pursuant to Section 1 (except that the Participant shall not be treated as the owner of the Units for federal income tax purposes until the Restricted Units vest (unless the Participant makes an election under section 83(b) of the Code, in which case the Participant shall be treated as the owner of the Units for all purposes on the Date of Grant)) and shall, except as provided herein, have all of the rights and obligations of a unitholder with respect to all such Restricted Units, including any right to vote with respect to such Restricted Units and to receive any UDRs thereon if, as, and when declared and paid by the Partnership. Notwithstanding the preceding provisions of this Section 3, the Restricted Units shall be subject to the restrictions described herein, including, without limitation, those described in Section 2.

 

SECTION 4. Forfeiture and Expiration of Restrictions.

 

(a) Vesting Schedule. Subject to the terms and conditions of this Agreement, the restrictions described in Section 2 shall lapse and the Restricted Units shall become vested and nonforfeitable (“Vested Units”), provided the Participant has continuously provided services to the Partnership Entities (including employment with the Partnership Entities or membership on the Board, as applicable), without interruption, from the Date of Grant through each applicable vesting date (each, a “Vesting Date”), in accordance with the following schedule:

 

Vesting Date                                                                         Portion Vested

 

 

 

The number of Restricted Units that vest as of each date described above will be rounded down to the nearest whole Restricted Unit, with any remaining Restricted Units to vest with the final installment.

 

(b) Termination of Service or Change of Control.

 

(i) Termination For Any Reason. If, at any time prior to the final Vesting Date, the Participant’s employment with the Partnership Entities or membership on the Board, as applicable, is terminated for any reason other than the Participant’s death or disability, then all Restricted Units granted pursuant to this Agreement that have not yet vested as of the date of the Participant’s termination shall become null and void as of the date of such termination, shall be forfeited to the Company and the Participant shall cease to have any rights with respect thereto; provided, however, that the portion, if any, of the Restricted Units for which forfeiture restrictions have lapsed as of the Participant’s date of termination shall survive.

 

(ii) Termination due to Death or Disability. If, at any time prior to the final Vesting Date, the Participant’s employment with the Partnership Entities or membership on the Board, as applicable, is terminated by reason of the Participant’s death or disability, then all Restricted Units granted pursuant to this Agreement that remain

 

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unvested as of the date of the Participant’s termination shall immediately become fully vested and nonforfeitable as of the date of such termination.

 

(iii) Change of Control. In the event of a Change of Control prior to the final Vesting Date, except as otherwise provided in the Plan, all restrictions described in Section 2 shall lapse and all Restricted Units granted pursuant to this Agreement shall become immediately vested and nonforfeitable.

 

SECTION 5. Limitations on Transfer.

 

The Participant agrees that he shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Restricted Units hereby acquired prior to the applicable Vesting Dates, including pursuant to a domestic relations order issued by a court of competent jurisdiction. Any attempted disposition of the Restricted Units in violation of the preceding sentence shall be null and void.

 

SECTION 6. Nontransferability of Agreement.

 

This Agreement and all rights under this Agreement shall not be transferable by the Participant other than by will or pursuant to applicable laws of descent and distribution. Any rights and privileges of the Participant in connection herewith shall not be transferred, assigned, pledged or hypothecated by the Participant or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, the Restricted Units shall automatically be forfeited.

 

SECTION 7. Adjustment of Restricted Units.

 

The number of Restricted Units granted to the Participant pursuant to this Agreement shall be adjusted to reflect unit splits or other changes in the capital structure of the Partnership, all in accordance with the Plan. All provisions of this Agreement shall be applicable to such new or additional or different units or securities distributed or issued pursuant to the Plan to the same extent that such provisions are applicable to the Units with respect to which they were distributed or issued.

 

SECTION 8. Delivery of Vested Units.

 

Promptly following the expiration of the restrictions on the Restricted Units as contemplated in Section 4 of this Agreement, and subject to Section 9, the Company shall cause to be issued and delivered to the Participant or the Participant’s designee the number of Restricted Units as to which restrictions have lapsed, free of any restrictive legend relating to the lapsed restrictions, and shall pay to the Participant any previously unpaid UDRs distributed with respect to the Restricted Units. Neither the value of the Restricted Units nor the UDRs shall bear any interest owing to the passage of time.

 

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SECTION 9. Securities Act.

 

The Company shall have the right, but not the obligation, to cause the Restricted Units to be registered under the appropriate rules and regulations of the SEC. The Company shall not be required to deliver any Units hereunder if, in the opinion of counsel for the Company, such delivery would violate the Securities Act of 1933 or any other applicable federal or state securities laws or regulations. By accepting this grant, the Participant agrees that any Units that the Participant may acquire upon vesting of this Award will not be sold or otherwise disposed of in any manner that would constitute a violation of any applicable federal or state securities laws.

 

SECTION 10. Copy of Plan.

 

By the execution of this Agreement, the Participant acknowledges receipt of a copy of the Plan. If any provision of this Agreement is held to be illegal, invalid or unenforceable under any applicable law, then such provision will be deemed to be modified to the minimum extent necessary to render it legal, valid and enforceable; and if such provision cannot be so modified, then this Agreement will be construed as if not containing the provision held to be invalid, and the rights and obligations of the parties will be construed and enforced accordingly.

 

SECTION 11. Notices.

 

Whenever any notice is required or permitted hereunder, such notice must be in writing and personally delivered or sent by mail. Any such notice required or permitted to be delivered hereunder shall be deemed to be delivered on the date on which it is personally delivered or, whether actually received or not, on the third business day (on which banking institutions in the State of Texas are open) after it is deposited in the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address which such person has theretofore specified by written notice delivered in accordance herewith. The Company or the Participant may change at any time and from time to time by written notice to the other, the address which it or he or she previously specified for receiving notices. The Company and the Participant agree that any notices shall be given to the Company or to the Participant at the following addresses:

 

	
Company:
    	
LRE   GP, LLC
    
	
 
    	
Attn:   Chief Executive Officer
    
	
 
    	
Heritage   Plaza
    
	
 
    	
1111   Bagby Street, Suite 4600
    
	
 
    	
Houston,   Texas 77002
    
	
 
    	
 
    
	
Participant:
    	
At   the Participant’s current address as shown in the Company’s records.
    
			

 

SECTION 12. General Provisions.

 

(a) Administration. This Agreement shall at all times be subject to the terms and conditions of the Plan. The Committee shall have sole and complete discretion with respect to all

 

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matters reserved to it by the Plan and decisions of the Committee with respect thereto and with respect to this Agreement shall be final and binding upon the Participant and the Company. In the event of any conflict between the terms and conditions of this Agreement and the Plan, the provisions of the Plan shall control.

 

(b) Continuation of Service. This Agreement shall not be construed to confer upon the Participant any right to continue in the service of the Partnership Entities.

 

(c) Governing Law. This Agreement shall be interpreted and administered under the laws of the State of Texas, without giving effect to any conflict of laws provisions.

 

(d) Amendments. This Agreement may be amended only by a written agreement executed by the Company and the Participant, except that the Committee may unilaterally waive any conditions or rights under, amend any terms of, or alter this Agreement provided no such change (other than pursuant to Section 4(c) or 7(c) of the Plan) materially reduces the rights or benefits of the Participant with respect to the Restricted Units without his or her consent.

 

(e) Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and upon any person lawfully claiming under the Participant.

 

(f) Entire Agreement. This Agreement constitutes the entire agreement of the parties with regard to this subject matter hereof, and contains all the covenants, promises, representations, warranties and agreements between the parties with respect to the Restricted Units granted hereby. Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null and void and of no further force and effect.

 

(g) No Liability for Good Faith Determinations. Neither the Partnership Entities, nor the members of the Committee or the Board, nor any officer of the Company, shall be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Units granted hereunder.

 

(h) No Guarantee of Interests. The Board and the Partnership Entities do not guarantee the Units from loss or depreciation.

 

(i) Withholding Taxes. To the extent that the grant or vesting of a Restricted Unit or distribution thereon results in the receipt of compensation by the Participant with respect to which any Partnership Entity has a tax withholding obligation pursuant to applicable law, unless other arrangements have been made by the Participant that are acceptable to such Partnership Entity, the Participant shall deliver to the Partnership Entity such amount of money as the Partnership Entity may require to meet its withholding obligations under applicable law. No issuance of an unrestricted Unit shall be made pursuant to this Agreement until the Participant has paid or made arrangements approved by the Partnership Entity to satisfy in full the applicable tax withholding requirements of the Partnership Entity with respect to such event.

 

(j) Insider Trading Policy. The terms of the Company’s Insider Trading Policy with respect to Units are incorporated herein by reference.

 

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(k) Section 83(b) Election.  The Participant agrees that, if he or she makes an election under Section 83(b) of the Code with regard to Restricted Units, the Participant will notify the Company in writing within two (2) days after making such election.

 

SECTION 13. Claw-back Policy.

 

In accordance with Section 10 of the Plan, the Restricted Units (including any distributions paid on the Restricted Units and any proceeds, gain or other economic benefit actually or constructively received by the Participant in connection with or related to the Restricted Units or the sale of any Vested Units) shall be subject to the provisions of any claw-back policy implemented in the future from time to time by the Company or the Partnership.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its officer thereunto duly authorized, and the Participant has set his or her hand as to the date and year first above written.

 

	
 
    	
 
    	
LRE   GP, LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
ParticipantExhibit 4.1

 

 

 

FIRST SUPPLEMENTAL INDENTURE

 

between

 

WESTPAC BANKING CORPORATION

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

as Indenture Trustee

 

Dated as of November 16, 2011

 

 

FIRST SUPPLEMENTAL INDENTURE

 

FIRST SUPPLEMENTAL INDENTURE, dated as of November 16, 2011 (the “First Supplemental Indenture”), between WESTPAC BANKING CORPORATION (ABN 33 007 457 141), a company incorporated in the Commonwealth of Australia under the Corporations Act 2001 of Australia and registered in New South Wales (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee, Transfer Agent, Paying Agent and Calculation Agent, each as defined in the Base Indenture (as defined herein).

 

RECITALS:

 

WHEREAS, the Company and the Trustee, the Transfer Agent, the Paying Agent and the Calculation Agent are parties to an Indenture, dated as of March 2, 2011 (the “Base Indenture”), relating to the issuance from time to time by the Company of Notes as therein provided;

 

WHEREAS, Section 8.01(e) of the Base Indenture provides that the Company may enter into a supplemental indenture to change or eliminate any of the provisions of the Base Indenture affecting only Notes not yet issued;

 

WHEREAS, the Company deems it advisable to enter into this First Supplemental Indenture for the purpose of amending and supplementing certain provisions of the Base Indenture; and

 

WHEREAS, all conditions and requirements of the Base Indenture necessary to make this First Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto.

 

NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, receipt of which is hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

 

ARTICLE I
 DEFINITIONS

 

Section 1.01          General Definitions.  For purposes of this First Supplemental Indenture:

 

(a)           Capitalized terms used herein without definition shall have the meanings specified in the Base Indenture;

 

(b)           All references to Articles and Sections, unless otherwise specified, refer to

 

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the corresponding Articles and Sections of the Base Indenture; and

 

(c)           The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this First Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision.

 

ARTICLE II

AMENDMENTS TO BASE INDENTURE

 

Section 2.01          Amendment to Section 2.05.  With respect to Notes established after the execution and delivery of this First Supplemental Indenture, Section 2.05 of the Base Indenture is hereby replaced in its entirety by the following:

 

“Redemption for Taxation.  The Company may, at its option, redeem all, but not less than all, of the Notes of a series:

 

(a) if there is a change in or any amendment to the laws or regulations:

 

(i)                                     of Australia, or any political subdivision or taxing authority thereof or therein, or

 

(ii)                                  in the event of the assumption pursuant to Section 4.01 hereof of the obligations of the Company hereunder by an entity organized under the laws of a country other than Australia or a political subdivision of a country other than Australia, of Australia or the country in which such entity is organized or resident or deemed resident for tax purposes or any political subdivision or taxing authority thereof or therein, or

 

(b) if there is a change in any application or interpretation of those laws or regulations,

 

which change or amendment becomes effective,

 

(x)                                 with respect to taxes imposed by Australia or any political subdivision or taxing authority thereof or therein, on or after the date the Company originally issued the Notes to be redeemed, or

 

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(y)                                 in the event of the assumption pursuant to Section 4.01 hereof of the obligations of the Company hereunder by an entity organized under the laws of a country other than Australia or a political subdivision of a country other than Australia, with respect to taxes imposed by a non-Australian jurisdiction, on or after the date of the transaction resulting in such assumption,

 

and, in each case, as a result of such change or amendment the Company (1) is or will become obligated to pay any Additional Amounts on such Notes, pursuant to Section 3.13 hereof (provided that the Company provides to the Indenture Trustee an opinion of independent legal advisors of recognized standing to the effect that the Company is or will become obligated to pay such Additional Amounts on such Notes as a result of such change or amendment) or (2) the Company would not be entitled to claim a deduction in respect of (A) any payments of interest or Additional Amounts or (B) any original issue discount on such Notes in computing its taxation liabilities.

 

Before the Company may redeem any Notes pursuant to this Section 2.05, it must give the Holders of those Notes at least thirty (30) days’ written notice and not more than sixty (60) days’ written notice of its intention to redeem those Notes, provided that if the earliest date on which (i) the Company will be obligated to pay any Additional Amounts, or (ii) the Company would not be entitled to claim a deduction in respect of any payments on Notes in computing its taxation liabilities, will occur earlier than forty-five (45) days after the relevant change or amendment to the applicable laws, regulations, determinations or guidelines, the Company may give less than thirty (30) days’ written notice provided it gives such notice as soon as practicable in all the circumstances.

 

The Redemption Price for Notes to be redeemed shall equal 100% of the principal amount of the Notes to be redeemed plus accrued but unpaid interest to but excluding the date of redemption. However, if any Notes that will be redeemed are outstanding Discount Notes, such Notes can be redeemed at the Redemption Price calculated in accordance with the terms thereof.

 

If, however, within sixty (60) days of the event causing the Company to become liable to pay Additional Amounts on any Notes, the Company can avoid its obligation to pay Additional Amounts on such Notes by filing a form, making an election or taking some similar reasonable measure, that in the Company’s sole judgment will not be adverse to the Company and will involve no material cost to the Company, it will pursue that measure instead of redeeming such Notes.”

 

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Section 2.02          Amendment to Section 3.13.  With respect to Notes established after the execution and delivery of this First Supplemental Indenture, Section 3.13 of the Base Indenture is hereby replaced in its entirety by the following:

 

“(a)         Unless the applicable Supplement provides otherwise, the Company will pay all amounts that it is required to pay on the Notes without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or other governmental charges (“Taxes”) imposed or levied by or on behalf of Australia or any political subdivision or taxing authority thereof or therein, unless such withholding or deduction is required by law.  If that were to occur, the Company will pay such additional amounts (the “Additional Amounts”) so that the net amounts received by a Holder of such Note, after such withholding or deduction, will equal the amounts that such Holder would have received on such Note if such withholding or deduction had not been required; provided that no Additional Amounts shall be payable for or on account of:

 

(i)            any tax, duty, assessment or other governmental charge that would not have been imposed but for the fact that the Holder or beneficial owner of such Note was a resident, domiciliary or national of, or engaged in business or maintained a permanent establishment or was physically present in, Australia or any political subdivision or taxing authority thereof or therein or otherwise had some connection with Australia or any political subdivision or taxing authority thereof or therein other than merely holding such Note or receiving payments under such Note;

 

(ii)           any tax, duty, assessment or other governmental charge that would not have been imposed but for the fact that the Holder of such Note presented such Note for payment in Australia, unless the Holder was required to present such Note for payment and it could not have been presented for payment anywhere else;

 

(iii)          any tax, duty, assessment or other governmental charge that would not have been imposed but for the fact that the Holder of such Note presented such Note for payment more than thirty (30) days after the date such payment became due and was provided for, whichever is later, except to the extent that the Holder would have been entitled to the Additional Amounts on presenting such Note for payment on any day during that thirty (30) day period;

 

(iv)          any estate, inheritance, gift, sale, transfer, personal property or similar tax, duty, assessment or other governmental charge;

 

(v)           any tax, duty, assessment or other governmental charge which is payable otherwise than by withholding or deduction;

 

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(vi)          any tax, duty, assessment or other governmental charge that would not have been imposed if the Holder or beneficial owner of such Note  complied with the Company’s request to provide information concerning his, her or its nationality, residence or identity or to make a declaration, claim or filing or satisfy any requirement for information or reporting that is required to establish the eligibility of the Holder or beneficial owner of such Note to receive the relevant payment without (or at a reduced rate of) withholding or deduction for or on account of any such tax, duty, assessment or other governmental charge;

 

(vii)         any tax, duty, assessment or other governmental charge that would not have been imposed but for the Holder or beneficial owner of such Note being our Offshore Associate (other than in the capacity of a clearing house, paying agent, custodian, funds manager or responsible entity of a registered managed investment scheme under the Australian Corporations Act);

 

(viii)        any tax, duty, assessment or other governmental charge that is imposed or withheld as a consequence of a determination having been made under Part IVA of the Australian Tax Act (or any modification thereof or provision substituted therefore) by the Australian Commissioner of Taxation that such tax, duty, assessment or other governmental charge is payable in circumstances where the Holder or beneficial owner of such Note is a party to or participated in a scheme to avoid such tax which the Company was not a party to;

 

(ix)          any tax, duty, assessment or other governmental charge that is imposed pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive, or any agreement entered into by a Member State of the European Union with (A) any other state or (B) any relevant, dependent or associated territory of any Member State of the European Union providing for measures equivalent to, or the same as, those provided for by such Directive; or

 

(x)           any combination of the foregoing.

 

(b)           Subject to the foregoing, Additional Amounts will also not be paid with respect to any payment on any Note to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent that such payment would, under the laws of Australia or any political subdivision or taxing authority thereof or therein, be treated as being derived or received for tax purposes by a beneficiary or settler of that fiduciary or a member of that partnership or a beneficial owner, in each case, who would not have been entitled to those Additional Amounts had it been the actual Holder of such Note.

 

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(c)           Upon the consolidation into, merger with or sale of substantially all of the assets of the Company to any other entity that is organized under the laws of a country other than Australia or a political subdivision of a country other than Australia, references above to “Australia” will be treated as references to both Australia and the country in which such entity is organized or resident (or deemed resident for tax purposes).

 

(d)           The Company, and any other person to or through which any payment with respect to the Notes may be made, shall be entitled to withhold or deduct from any payment with respect to the Notes amounts required to be withheld or deducted under or in connection with the Foreign Account Tax Compliance Act (“FATCA”) or an agreement entered into with the U.S. Internal Revenue Service in connection with FATCA, and holders of Notes and beneficial owners of Notes shall not be entitled to receive any gross up or other additional amounts on account of any such withholding or deduction.

 

(e)           All references in this Indenture to the payment of the principal of, or any premium or interest on, any Note or the net proceeds received on the sale or exchange of any Note shall be deemed to include the payment of Additional Amounts to the extent that, in that context, Additional Amounts are, were or would be payable.”

 

ARTICLE III
 MISCELLANEOUS

 

Section 3.01          Integral Part; Effect of Supplement on Indenture.  This First Supplemental Indenture constitutes an integral part of the Indenture. Except for the amendments and supplements made by this First Supplemental Indenture, the Amended Base Indenture shall remain in full force and effect as executed.

 

Section 3.02          Adoption, Ratification and Confirmation.  The Base Indenture, as amended and supplemented by this First Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

 

Section 3.03          Trustee Not Responsible for Recitals.  The recitals in this First Supplemental Indenture shall be taken as statements of the Company, and the Trustee assumes no responsibility for their correctness.  The Trustee makes no representations as to the validity or adequacy of this First Supplemental Indenture.

 

Section 3.04          Counterparts.  This First Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original but such counterparts shall together constitute but one instrument.

 

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Section 3.05          Separability.  In case any provision of this First Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section 3.06          Governing Law.  This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York, including all matters of construction, validity and performance.

 

[signature page follows]

 

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IN WITNESS WHEREOF, the Company and Wells Fargo Bank, National Association have executed this First Supplemental Indenture as of the date first above written.

 

	
 
    	
 
    	
WESTPAC BANKING CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Sean Crellin
    
	
 
    	
 
    	
 
    	
Name: Sean Crellin
    
	
 
    	
 
    	
 
    	
Title: Director, Legal
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as   Indenture Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Raymond Delli Colli
    
	
 
    	
 
    	
 
    	
Name: Raymond Delli Colli
    
	
 
    	
 
    	
 
    	
Title: Vice President
    

 

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