Document:

Amending Agreement

 Exhibit 4.28 
 AMENDING AGREEMENT 
 BETWEEN: 
 ELDORADO GOLD CORPORATION, a corporation existing 
 under the laws of Canada 
 (“Eldorado”) 
 AND: 
 GOLD FIELDS AUSTRALASIA
(BVI) LIMITED, a 
 corporation existing under the laws of British Virgin Islands 
 (“GFA”) 
 WHEREAS: 
  

	A.	By a Share Purchase and Sale Agreement (the “SPSA”) dated June 3, 2009 between Eldorado and GFA (the “Parties”), it was agreed
that Eldorado would purchase and GFA would sell the Sale Shares (as defined in the SPSA) on the terms and conditions set out in the SPSA, including the issuance by Eldorado to GFA of the Closing Consideration Shares (as defined in the SPSA) on the
Closing Date (as defined in the SPSA) and, if required to be issued pursuant to the SPSA, the issuance thereafter by Eldorado to GFA of any Adjustment Consideration Shares (as defined in the SPSA). 

  

	B.	The SPSA contemplates that the Closing Consideration Shares would be subject to a four (4) month hold period, however the Parties propose that Eldorado issue the
Closing Consideration Shares and the Top-up Adjustment Right (as defined herein) pursuant to a final short form prospectus or any amendment thereto subject to the terms herein. 

 NOW THEREFORE in consideration of the premises the Parties agree as follows: 
  

	1.	All capitalized terms not specifically defined in this amending agreement (this “Agreement”) shall have the respective meanings attributed to such
terms in the SPSA. In this Agreement 

  

	 	(a)	“OSC” means the Ontario Securities Commission; 

  

	 	(b)	“Preliminary Prospectus” means the preliminary short form prospectus, and any amendment thereto, filed with the BCSC and the OSC qualifying the Closing
Consideration Shares and the Top-up Adjustment Right; 

  

	 	(c)	“Prospectus” means the final short form prospectus, and any amendment thereto, filed with the BCSC and the OSC qualifying the Closing Consideration
Shares and the Top-up Adjustment Right; 

	 	(d)	“Receipt” means a receipt for the Preliminary Prospectus or the Prospectus, as the context requires, issued by the BCSC and evidencing that such a
receipt has also been issued therefor by the OSC under National Policy 11-202 – Process for Prospectus Reviews in Multiple Jurisdictions; 

  

	 	(e)	“Right of Withdrawal” means the right pursuant to securities legislation of the Provinces of British Columbia and Ontario, whereby GFA and/or the
Subscriber may withdraw from the agreement of purchase and sale of securities to be issued under the Prospectus; 

  

	 	(f)	“Top-up Adjustment Right” means the right under section 4.2 of the SPSA to issue Adjustment Consideration Shares to GFA or the Subscriber; and

  

	 	(g)	“Withdrawal Period” means the time period under securities legislation of the Provinces of British Columbia and Ontario, during which GFA and/or the
Subscriber may exercise the Right of Withdrawal. 

  

	2.	With effect on and from the date of this Agreement, section 9.1 is amended by deleting: “on the sixth (6th) Business Day following the satisfaction or
waiver of the last of the conditions set out in sections 8.1 and 8.4” and substituting therefore: “on the latest of firstly, the sixth (6th) Business Day following the satisfaction or waiver of the last of the conditions set
out in sections 8.1 and 8.4 and secondly, July 27, 2009.” 

  

	3.	If Eldorado, in its discretion, elects to file a Preliminary Prospectus and/or a Prospectus, then Eldorado shall provide GFA with an opportunity to review a draft of
those sections of the Preliminary Prospectus and the Prospectus relating to the SPSA and GFA and will entertain the reasonable comments of GFA thereon, Eldorado shall also provide GFA with copies of (or relevant extracts from) any and all comment
letters it receives from the BCSC or the OSC containing comments which could reasonably be considered to relate to GFA or GFA’s ownership of or rights in the Consideration Shares, and will entertain the reasonable comments of GFA on any
submissions to be made in reply thereto. 

  

	4.	Provided a Receipt is issued for the Preliminary Prospectus and the Prospectus, then as soon as practicable upon the issuance of such Receipt, Eldorado shall deliver to
GFA by email, on its own behalf and on behalf of the Subscriber, a copy of the Preliminary Prospectus (in pdf format) or the Prospectus (in pdf format), as the case may be, and the Receipt (in pdf format) related thereto. 

 

	5.	Subject to Eldorado having complied with section 3 of this Agreement, GFA agrees that it will accept delivery of the Prospectus (in pdf format), on its own behalf and
on behalf of the Subscriber, by way of email sent to the attention of Colin Bird (colin.bird@maitlandgroup.com) and Andrew Dawson (andy.dawson@maitlandgroup.com) at ‘Maitland – Trust and Corporate Services’ with copies
to Brett Mattison (brett.mattison@goldfields.com.au) and Ashley McDonald (ashley.mcdonald@goldfields.nl) and promptly provide Eldorado with written acknowledgment of receipt of the Prospectus on its behalf and on behalf of the
Subscriber by way of email sent to the attention of Dawn Moss (dawnm@eldoradogold.com) at Eldorado with a copy to Josh Lewis (jlewis@fasken.com). 

  

 - 2 - 

	6.	Provided (i) a Receipt for the Prospectus has been issued to Eldorado and continues to be effective; (ii) Eldorado has received a written acknowledgement
pursuant to section 5 confirming the date and time of the receipt of the Prospectus; (iii) the Withdrawal Period has expired; and (iv) the Right of Withdrawal has not been exercised within the Withdrawal Period, then the SPSA shall be
(with effect immediately prior to Closing) deemed amended as follows with the Transaction to close accordingly: 

  

	 	(a)	the following definitions are added to section 1.1: 

  

	 	(i)	“OSC” means the Ontario Securities Commission; 

  

	 	(ii)	“Prospectus” means the final short form prospectus and any amendment thereto filed with the BCSC and the OSC qualifying the
Closing Consideration Shares and the Top-up Adjustment Right; 

  

	 	(iii)	“Receipt” means a final receipt for the Prospectus issued by the BCSC and evidencing that such receipt has also been issued therefor
by the OSC under National Policy 11-202 – Process for Prospectus Review in Multiple Jurisdictions; 

  

	 	(iv)	“Right of Withdrawal” means the right pursuant to securities legislation of the Provinces of British Columbia and Ontario,
whereby GFA and/or the Subscriber may withdraw from the agreement of purchase and sale of securities to be issued under the Prospectus; 

  

	 	(v)	“Top-up Adjustment Right” means the right under section 4.2 to issue Adjustment Consideration Shares to GFA or the Subscriber;

  

	 	(vi)	“Withdrawal Period” means the time period under securities legislation of the Provinces of British Columbia and Ontario during which
GFA and/or the Subscriber may exercise the Right of Withdrawal. 

  

	 	(b)	Section 1.1(7) is deleted in its entirety and the following text is inserted in its place: 

 “Applicable Securities Laws” means, collectively, the applicable securities laws of the Provinces of
British Columbia and Ontario, the United States of America and Australia, the respective regulations rulings, rules instruments, orders and prescribed forms thereunder and the applicable policy statements issued by the Securities
Commissions;”; 
  

	 	(c)	Section 1.1(65) is deleted in its entirety and the following text is inserted in its place: 

 ““Securities Commissions” means the BCSC, the OSC, the SEC and the ASIC;”; 
  

 - 3 - 

	 	(d)	Section 3.3 is amended by the deletion of the following text: 

 “, with a legend in form substantially similar to the following: 
 “UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [—] 2009 [Insert the date that is 4 months and a day
after the distribution date]”; and 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE LISTED ON
THE TORONTO STOCK EXCHANGE (“TSX”); HOWEVER, THE SAID SECURITIES CANNOT BE TRADED THROUGH THE FACILITIES OF TSX SINCE THEY ARE NOT FREELY TRANSFERABLE, AND CONSEQUENTLY ANY CERTIFICATE REPRESENTING SUCH SECURITIES IS NOT “GOOD
DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON TSX.” 
 and any certificate representing the Adjustment
Consideration Shares will bear the same legends”; 
  

	 	(e)	Section 6.5(6) is deleted in its entirety; 

  

	 	(f)	Sections 6.5(7)(d) and (e) are deleted in their entirety and the following text is inserted in their place: 

 “(d) without expanding on the representation set out in section 6.1(2), there may be restrictions on the ability to resell the
Consideration Shares in certain jurisdictions and it is its responsibility to find out what those restrictions are and to comply with them before selling the Consideration Shares in those jurisdictions; and 
 (e) it has been advised by Eldorado that Eldorado is relying on an exemption from the requirements to sell securities through a person
registered to sell securities under applicable securities legislation (including the Securities Act (British Columbia));”; 
  

	 	(g)	Section 7.1(8) is amended by inserting “, including the Prospectus” after the words “securities regulatory authority”;

  

	 	(h)	Section 8.1 is amended as follows: 

  

	 	(i)	delete the word “and” after the semi-colon in section (4); 

  

	 	(ii)	delete the full stop at the end of section (5) and insert “;”; 

  

	 	(iii)	new sections (6) and (7) are added: 

 “(6) the issuance to Eldorado of the Receipt which continues to be effective as of the Closing Date; and 
 (7) the Withdrawal Period has expired.”; and 
  

 - 4 - 

	 	(iv)	the reference in the last paragraph to “sections 8.1(3) and 8.1(5)” is amended to read: “sections 8.1(3), 8.1(5,) 8.1(6) and 8.1(7).”;

  

	 	(i)	The reference in section 8.3 to “sections 8.1(3), 8.1(4), and 8.1(5)” is amended to read “sections 8.1(3), 8.1(4), 8.1(5), 8.1(6) and
8.1(7)”; 

  

	 	(j)	Section 8.4 is amended as follows: 

  

	 	(i)	delete the word “and” after the semi-colon in section (3); 

  

	 	(ii)	delete the full stop at the end of section (4) and insert “; and”; 

  

	 	(iii)	new section (5) is added: 

 “(5) the issuance to Eldorado of the Receipt which continues to be effective as of the Closing Date.”; and 
  

	 	(iv)	the reference in the last paragraph to “sections 8.4(1), 8.4(2) and 8.4(3)” is amended to read “sections 8.4(1), 8.4(2), 8.4(3) and
8.4(5)”; 

  

	 	(k)	The reference in section 8.6 to “sections 8.4(3) and 8.4(4)” is amended to read “sections 8.4(3), 8.4(4) and 8.4(5)”;

  

	 	(l)	 Section 9.1 is amended by deleting: “on the latest of firstly, the sixth (6th) Business Day following the satisfaction or waiver of
the last of the conditions set out in sections 8.1 and 8.4 and secondly, July 27, 2009.” and substituting therefore: “on the third (3rd) Business Day following the satisfaction or waiver of the last of the conditions set out in sections 8.1 and 8.4
.”; 

  

	 	(m)	Section 9.2 is amended as follows: 

  

	 	(i)	delete the word “and” after the semi-colon in section (3); 

  

	 	(ii)	delete the full stop at the end of section (4) and insert “; and”; and 

  

	 	(iii)	new section (5) is added: 

 “(5) a copy of the Receipt.”. 
  

	7.	Save as herein specifically amended, the parties hereby affirm the SPSA and confirm that all other terms and conditions thereof remain in full force and effect.

  

	8.	The Parties agree that this Agreement will, from the date hereof, be read and construed along with the SPSA and be treated as part thereof and for such purposes and so
far as may be necessary to effectuate this Agreement, the SPSA will be regarded as being hereby amended, and the SPSA as so amended together with all terms and conditions thereof will remain in full force and effect. 

  

 - 5 - 

	9.	In the case of any conflict between the terms and conditions of the SPSA and the terms or conditions of this Agreement, the terms and conditions of this Agreement will
prevail. 

  

	10.	Each of the Parties will at all times and from time to time and upon reasonable request to execute and deliver all further assurances, acts and documents for the
purpose of evidencing and given full force and effect to the covenants, agreements and provisions in this Agreement. 

  

	11.	Time is of the essence of this Agreement. If the Parties agree to vary a time requirement, the time requirement so varied is of the essence of this Agreement. An
agreement to vary a time requirement must be in writing. 

  

	12.	This Agreement will be governed in all respects, including validity, interpretation and effect, by the laws of British Columbia and generally applicable in British
Columbia and each Party: 

  

	 	(a)	irrevocably and unconditionally submits to and accepts the non-exclusive jurisdiction of the courts exercising jurisdiction in the Province of British Columbia, and any
court that may hear appeals from any of those courts, for any proceeding in connection with the Agreement, subject only to the right to enforce a judgment obtained in any of those courts in any other jurisdiction; and 

  

	 	(b)	irrevocably waives any objection to the venue of any legal process commenced in the courts of British Columbia on the basis that the process has been brought in an
inconvenient forum. 

  

	13.	If anything in this Agreement in unenforceable, illegal or void, then it is severed and the rest of this Agreement remains in force. Where a provision of this Agreement
is prohibited or unenforceable, the Parties must negotiate in good faith to replace the invalid provision by a provision which is in accordance with applicable laws and which must be as close as possible to the Parties’ original intent and
appropriate consequential amendments (if any) will be made to this Agreement. 

  

	14.	This Agreement may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same agreement. This
Agreement is binding on the Parties on the exchange of counterparts. A copy of a counterpart sent by facsimile machine or by electronic mail: 

  

	 	(a)	must be treated as an original counterpart; 

  

	 	(b)	is sufficient evidence of the execution of the original; and 

  

	 	(c)	may be produced in evidence for all purposes in place of the original. 

  

 - 6 - 

	15.	Each Person signing this Agreement as an authorized officer of a Party hereby represents and warrants that he or she is duly authorized to sign this Agreement for that
Party and that this Agreement will, upon having been so executed, be binding on that Party in accordance with its terms. 

 Dated
this      day of July, 2009. 
  

					
	ELDORADO GOLD CORPORATION
			
	By:	 	 /s/ Dawn Moss
	 	c/s
		 	Authorized Signatory	 	
		
	DAWN MOSS	 	
	VICE PRESIDENT, ADMINISTRATION & CORPORATE SECRETARY	 	
	
	GOLD FIELDS AUSTRALASIA (BVI) LIMITED
			
	By:	 	 /s/ Colin Bird
	 	c/s
		 	Authorized Signatory	 	
		
	 Mr Colin Bird
	 	
	Name (please print)	 	
		
	 Director
	 	
	Office Held	 	

  

 - 7 -Agreement between Nicholas J. Holland and Gold Fields Group Services (Pty) Ltd

 Exhibit 4.29 
 Private & Confidential 
 6 March 2009 
  

			
		  	Gold Fields Group Services (Pty) Ltd
		  	Reg. 2006/038878/07
	Mr NJ Holland	  	150 Helen Rd, Sandown
	 9 Southbend Avenue
 Northcliff
 2195
	  	Sandton, 2196
	  	 Postnet Suite 252
 Private Bag X30500

		  
		  	Houghton, 2041
		  	South Africa
		
		  	Tel +27 11 562 9700
		  	Dir +27 11 562 9700
		  	Fax +27 11 562 9838
		  	www.goldfields.co.za

 Dear Mr Holland 
 LETTER OF APPOINTMENT 
 Gold Fields Group Services (Pty) Ltd, (hereinafter also referred to
as the Company), a subsidiary of Gold Fields Limited (GFL), has the pleasure in offering you the position of Chief Executive Officer with effect 1 March 2009 on the following terms and conditions: 
  

	1.	RECORDAL 

  

	 	1.1.	You commenced employment with Gold Fields Limited (GFL) on 1 March 1998 as the Financial Director. You subsequently were appointed as Chief Financial Officer on
1 July 2002, and thereafter as Chief Executive Officer on 1 May 2008. 

  

	 	1.2.	It is recorded that contemporaneously with your employment with the Company, you are also employed by and provide services to other offshore entities in the Gold Fields
Group (“the Group”), currently Gold Fields Orogen Holdings BVI Limited (“Orogen”) and Gold Fields Ghana Holdings Limited (“Ghana”) (collectively referred to as “the Offshore Companies”).

  
  
 Directors: N J Holland*, Mrs I Boninelli, MD Fleischer, PA Schmidt            *British 
 Company Secretary: C Farrel 

	 	1.3.	In terms of an agreement between the Company and the Offshore Companies, it has been agreed that you will provide services to the Company for the number of days set out
in Annexure A over the period set out in Annexure A. Annexure A shall be amended effective 1 January each year to set out the number of days that you will provide services to the Company in the following twelve month period.

  

	2.	DUTIES 

  

	 	2.1.	Subject to clause 1.2 above, you shall devote the whole of your time and attention, other than de minimis amounts of time devoted by you to the management of
your personal affairs or to engaging in charitable or community services, during the Company’s ordinary business hours, and such reasonable amount of additional time as may be necessary, having regard to the exigencies of business from time to
time, to directing and managing the business and affairs of the Group and shall in particular take charge of and superintend the business carried on by the Group, to supervise the work of and engage and dismiss executives of the Group and to see to
the due performance of their duties. 

  

	 	2.2.	The only services you will in terms of this agreement be required to render to offshore subsidiaries in the Group, will be those services known as ‘shareholder
functions’ in the transfer pricing context, namely those functions which are performed for the benefit of Gold Fields Limited (“GFL”), for GFL to protect its investment in its subsidiaries. All other services (referred to as
‘intra-group’ services) you may be required to render to offshore subsidiaries of the Group, will be in terms of your employment agreements with the Offshore Companies. 

  

	 	2.3.	You shall not, during your employment by the Company, be engaged either directly or indirectly, and whether as principal, agent, shareholder, or in any other manner
whatsoever, in any other form of business without the previous written consent of the Board of GFL (“the Board”). 

  

	 	2.4.	You shall comply with the directions of the Board and carry out such functions and duties as are from time to time assigned to you and are consistent with your office
and use your utmost endeavours to protect and promote the business and interests of the Group and to preserve its reputation and goodwill. 

  

	 	2.5.	You shall not, during your employment by the Company or thereafter, regardless of the reason for termination of your employment, use for your own benefit or for the
benefit of any other person or divulge or communicate to any person or persons, except to those officials of the Group whose province it is to know the same, any of the Group’s secrets or any other confidential information which you may receive
or obtain in relation to the Group’s affairs or those of their customers, associates and suppliers. 

  

	 	2.6.	You may be required to take up office with other companies and bodies which you will be required to serve diligently, with any fees or other remuneration receivable by
you in such capacity as a nominee of the Group required to be paid to the appropriate Group company, unless otherwise agreed by the Board. 

  

	 	2.7.	You shall undertake such reasonable and necessary travel as may be required for purposes of carrying out your duties, it being recorded that the Company may from time
to time require your spouse to accompany you when you are obliged to conduct business away from your normal place of work. 

  

	 	2.8.	You shall submit to the Board, or to any person nominated by it, such information and reports as may be required of you in connection with the performance of your
duties and the business of the Group. 

  

	 	2.9.	You shall generally discharge the fiduciary duties incumbent upon you in your aforesaid position and which may in law be applicable after you vacate that position.

  

	 	2.10.	You shall, given the international nature of the Group, make yourself available at all times to attend to the business of the Group and, to this end, ensure that you
have suitable facilities at your residence to attend to business outside ordinary office hours. 

	3.	REMUNERATION AND OTHER BENEFITS 

  

	 	3.1.	As remuneration for your services, the Company will pay you an annual total cost to company Remuneration Package as set out in Annexure A (the “Remuneration
Package”), one twelfth of which shall be paid each month (“monthly Remuneration Package”). The Company, where required, shall deduct tax and other lawful deductions. 

  

	 	3.2.	Your Remuneration Package will consist of a mix of cash and benefits as agreed to between you and the Company in advance. The cash amount shall be paid, directly into
your bank account (being any bank account in the Republic of South Africa that you may nominate from time to time) and monthly in arrears on or before the last day of each month. 

  

	 	3.3.	Your Remuneration Package is subject to annual review (but not reduction) on or before 1 January of each year by the Remuneration Committee.

  

	 	3.4.	The benefit portion of your Remuneration Package will accrue as determined by the provisions and policies applicable to the benefits elected by you from time to time.

  

	 	3.5.	You shall be entitled to participate in the Corporate Annual Incentive Bonus Scheme, subject to the rules applicable thereto from time to time. In respect of each
financial year, you shall be eligible to earn a bonus from the Company that equates to 50% (fifty percent) of your Remuneration Package in effect at the end of the applicable financial year, provided applicable performance or other targets approved
by the Board for that financial year are achieved. These targets will generally be adopted, after reasonable consultation with you, by no later than 60 (sixty) days following the start of a particular financial year. 

  

	 	3.6.	If the targets contemplated in clause 3.5 above are: 

  

	 	3.6.1.	achieved, you shall be paid a bonus that equates to 50% (fifty per cent) of your Remuneration Package; 

	 	3.6.2.	exceeded, you may in addition to the bonus contemplated in clause 3.6.1 above, at the sole and absolute discretion of the Remuneration Committee, be paid an additional
bonus of up to a further 50% (fifty per cent) of your Remuneration Package; and/or 

  

	 	3.6.3.	not achieved, you may, nonetheless, be paid a bonus at the sole and absolute discretion of the Remuneration Committee. 

  

	 	3.7.	Any amount due to you determined in accordance with clause 3.5 will be paid to you within 60 (sixty) days following the end of that financial year, less tax and other
lawful deductions. 

  

	 	3.8.	It is recorded that you are a Participant in the GF Management Incentive Scheme (“the Scheme”), in respect of which no further allocations shall be made, and
The Gold Fields Limited 2005 Share Plan (“the Plan”). Your participation in the Scheme and the Plan shall, at all times, be in accordance with the provisions of the Scheme and/or the Plan and the decisions of the Remuneration Committee in
terms of such provisions, which decisions shall be final and binding on you. 

  

	 	3.9.	The Company shall refund to you in Rands the out-of-pocket expenses incurred by you on behalf of the Company which are substantiated by vouchers and which have been
approved by the Company or are incurred in accordance with principles determined by it from time to time. 

  

	 	3.10.	You shall join the Company’s currently nominated Medical Scheme or any other medical scheme nominated by the Company from time to time, subject to the rules
thereof. The Company shall pay the monthly contributions to the Medical Scheme, monthly in arrears, the costs of which form part of your Remuneration Package. Upon termination of employment for any reason, including retirement, you may, subject to
the rules of the applicable medical scheme at the time, be eligible to remain a member of such medical scheme, provided that the Company shall have no obligation to make any payment of contributions to such medical scheme following such termination
of employment. 

  

	 	3.11.	You will become a member of the Alexander Forbes Retirement Fund or any other such fund nominated by the Company from time to time, subject to the rules thereof. The
Company shall pay the monthly contributions to the said Retirement Fund, monthly in arrears, the costs of which form part of your Remuneration Package. 

	 	3.12.	You are required to use your personal motor vehicle for the purposes of the Company in performing your duties and will be reimbursed for such use in accordance with the
Company’s vehicle policy as amended from time to time. 

  

	 	3.13.	As you are regarded as a key man in the Company and exposed to exceptional personal risks, the Company may require additional permanent or temporary security
arrangements to be made in regard to your safety and the safety of your immediate family. The costs of the provision of such additional security arrangements shall be borne by the Company. 

  

	4.	ANNUAL LEAVE 

  

	 	4.1.	You shall be entitled to a number of working days paid leave (“the Local Leave Entitlement”) on full pay in respect of each twelve-month cycle of employment
with the Company, as set out in Annexure A, to be taken at such time or times as mutually agreed to by the Board and in accordance with the Company’s leave policy applicable from time to time. 

  

	 	4.2.	The monthly leave entitlement that will accrue to you with respect to the Company for the applicable period is set out in Annexure A. 

  

	5.	NON-SOLICITATION 

  

	 	5.1.	You hereby undertake that neither you nor any company, close corporation, firm, undertaking or concern in which you are directly or indirectly interested or employed,
will for a period of 24 (twenty four) months after the termination of your employment with the Company for any reason and whether for reward or not, directly or indirectly: 

  

	 	5.1.1.	encourage or entice or incite or persuade or induce any employee of the Group, who is employed by the Group as at the date your employment with the Company terminates,
to terminate his or her employment by it; or 

	 	5.1.2.	furnish any information or advice to any employee to whom clause 5.1.1 applies or to any prospective employer of such employee or use any other means which is directly
or indirectly designed, or in the ordinary course of events calculated, to result in any such employee terminating his or her employment by the Group and/or becoming employed by or directly or indirectly in any way interested in or associated with
any other company, close corporation, firm, undertaking or concern. 

  

	6.	INVENTIONS, DISCOVERIES AND COPYRIGHT 

  

	 	6.1.	Any discovery or invention or secret process or improvement in procedure made or discovered by you in the course and scope of your employment by the Company, in
connection with or in any way affecting or relating to the business of the Group or capable of being used or adapted for use by the Group or in connection with their businesses shall be disclosed to the Company and shall belong to and be the
absolute property of the Company or any other company or entity nominated by it. 

  

	 	6.2.	You shall, if and when required by the Company, apply or join with the Company at its expense in applying for Letters Patent or other equivalent protection in the
Republic of South Africa or in any other part of the world for such discovery, invention, process or improvement and shall at the Company’s expense execute all instruments and do all things necessary for vesting the said Letters Patent or other
equivalent protection in the name of the Company as sole beneficial owner or in the name of such other person as the Company may nominate. 

  

	 	6.3.	Insofar as may be necessary, you assign to the Company the copyright in all present and future works eligible for copyright of which you may be the author, which works
were or are created, compiled, devised or brought into being during the course and scope of your employment with the Company. No consideration will be paid by the Company to you in respect of this assignment. 

  

	 	6.4.	 All reports, manuals, budgets, indices, research papers, letters or other similar documents (the nature of which is not limited by the specific
reference to the aforegoing items and which include electronic versions thereof) which are created, compiled or devised or brought into being by you or

	 	 
come into your possession during the course and scope of your employment, and all copies thereof, shall be the property of the Company. Upon the date of termination of your employment, or earlier
if required by the Company, such documents and all copies shall be returned to the Company. 

  

	 	6.5.	On termination of this agreement, you shall deliver to the Company all property in your possession or under your control belonging to the Group.

  

	7.	NOTICE OF TERMINATION 

  

	 	7.1.	Your employment shall continue for an indefinite period subject to you being able to terminate the employment relationship by furnishing the Board with 6 (six) calendar
months written notice or the Board furnishing you with 6 (six) calendar months written notice thereof. The Company may elect to pay you in lieu of notice. The aforegoing shall not derogate from the entitlement of either party to terminate
this agreement summarily on grounds permitted in law. 

  

	 	7.2.	Your employment contemplated herein shall terminate ipso facto upon you reaching the retirement age of 60 (sixty) years. 

  

	8.	CHANGE OF CONTROL 

  

	 	8.1.	 Notwithstanding clause 7, if, at any time before the termination of your employment pursuant to this agreement a change of control of GFL shall occur
and your employment pursuant to this agreement is terminated by the Company, directly or constructively, within 12 (twelve) months of the effective date of such change of control, you shall be entitled to a lump sum compensatory payment equal to two
and a half times your then annual Remuneration Package, plus the average of the incentive bonuses paid by the Company to you during the previous 2 (two) completed financial years, together with any other payments and/or benefits then due and payable
in terms of this agreement. The agreed amounts referred to in the preceding sentence shall cover any compensation or damages you may be entitled to in terms of the Labour Relations Act, 1995, the Basic Conditions of Employment Act, 1997, and any
other law (including common law) governing employment or the termination of employment. You shall be entitled for a period of 2 (two) years

	 	 
after the date of termination of your employment, subject to the relevant rules of the GF Management Incentive Scheme then in force, to retain and to exercise all share options allocated to you
in terms of that Scheme including those which may not have vested at the date of such termination. Entitlements to Awards and Allocations in terms of The Gold Fields 2005 Share Plan shall be accelerated and on the date of such termination of
employment you shall be Settled with the full number of SARS and PVRS previously Allocated and Awarded to you in accordance with the provisions of that Plan and, in the case of SARS, you shall have, subject to the relevant rules of that Plan then in
force, a period of 1 (one) year after the date of termination of your employment, to retain and to exercise all SARS Allocated to you in terms of that Plan. You shall furthermore be entitled to receive the Bonus Incentive earned in terms of clause
3.6 notwithstanding that the financial year concerned may not have been concluded on the basis that the bonus targets shall be deemed to have been achieved. 

  

	 	8.2.	For the purposes of this clause 8, a change of control of GFL shall mean a transaction or series of transactions, whereby directly or indirectly, any company, person or
other entity and its concert parties (as envisaged, from time to time, in the Securities Regulation Code on Take-Overs and Mergers) comes to beneficially hold in aggregate more than 30% (thirty per cent) of the ordinary issued share capital of GFL.

  

	 	8.3.	In the event of the consummation of an acquisition, merger, consolidation, scheme of arrangement or other re-organisation, whether or not there is a change of control,
and your services are terminated by the Company, directly or constructively, within 12 (twelve) months of the effective date of such consummation, the provisions of 8.1 shall apply. 

  

	 	8.4.	You shall not be entitled to the benefits set out in 8.1 should your services be terminated as the result of your dismissal on the grounds of proven fraud, theft,
misappropriation of property or funds, or a related disciplinary offence involving gross dishonesty. 

  

	9.	DIRECTORS’ AND OFFICERS’ INSURANCE 

 The Company hereby indemnifies you to the full extent permitted by the provisions of section 247(2) of the Companies Act, 1973, as amended, and in addition undertakes to take out and maintain at its
cost

 
and for your benefit, such standard Directors’ and Officers’ Insurance as may be recommended by the Company’s insurance brokers, from time to time, and for such reasonable level of
cover having regard to all the circumstances as may be determined by the Board, from time to time. 
  

	10.	TAXATION 

 None of
the provisions of this agreement shall impose any obligation on the Company to make any tax payment in your favour and you shall be required to bear and pay all monies for which you may be liable in respect of income tax or any other tax.

  

	11.	APPLICABLE LAWS AND DISPUTE RESOLUTION 

  

	 	11.1.	This agreement will be interpreted and applied in accordance with the laws of the Republic of South Africa. 

  

	 	11.2.	Any dispute between the parties in regard to any matter arising from this agreement and your employment relationship with the Company, shall first be referred to the
Remuneration Committee for resolution, failing which it shall be referred to a sub-committee of the Board comprising the majority of the Non-executive members of the Board. Should such body not be able to resolve the dispute, the dispute shall be
finally resolved by arbitration conducted in accordance with the appropriate rules of the Arbitration Foundation of South Africa, by an arbitrator agreed to between the parties or, failing such agreement, appointment by that Foundation.

	12.	DOMICILIUM CITANDI ET EXECUTANDI 

 The parties choose as their domicilium citandi et executandi for all purposes under this agreement the following addresses: 
  

	 	12.1.	The Company: 

 150 Helen Road

 Sandown 
 Sandton 
 2196 
 JOHANNESBURG 
  

	 	12.2.	Mr NJ Holland 

 9 Southbend
Avenue 
 Northcliff 
 2195 
  

	13.	GENERAL 

  

	 	13.1.	In the event that your services are terminated for any reason whatsoever, the Company may deduct all amounts owing to the Company from any amounts due to you by the
Company on the date your employment terminates. 

  

	 	13.2.	Subject to 1.2, this agreement, read with any applicable written policies, procedures, regulations or the like of the Company, including the Company’s Corporate
Office Staff Booklet, constitutes the whole agreement between the parties in respect of your employment by the Company. In the event of any conflict between such written policies, procedures, regulations or the like and this agreement, the terms of
this agreement shall prevail. 

  

	 	13.3.	No relaxation or indulgence which the Company may show to you shall in any way prejudice or be deemed to be a waiver of its rights under this agreement.

  

	 	13.4.	The parties record that the provisions of this agreement correctly reflect their intentions. 

	14.	RESIGNATION 

 On
the date your employment with the Company terminates, you shall ipso facto be deemed on that date to have resigned as a director or officer of GFL, the Company and/or any other company or body in which you hold office by virtue of your
employment by the Company, in which event you hereby irrevocably appoint the then secretary of the Company as your agent in rem suam to sign all such documents and to do all such acts as may be necessary to effect and implement such
resignations. 
  

									
	 /s/    I BONINELLI
	  		 	
	 For and on behalf of
 GOLD FIELDS GROUP SERVICES (PTY) LTD
	  		 	 I hereby accept the terms and conditions of employment as set out in this letter of appointment.

				
	 26/6/2009
	 		  		 	
	 Date
	 		  		 	 /s/    NJ
HOLLAND

		 		  		 	 Mr NJ Holland

					
		 		  		 	 12 March 2009
	  	
		 		  		 	 Date
	  	

 ANNEXURE A 
 Mr NJ Holland 
 This Annexure is to be read in conjunction with the
specified clauses in the Letter of Appointment. 
 This Annexure is to be updated effective 1 January each year, and
at any other time when the 
 applicable details are reviewed. 
 This Annexure is effective 1 March 2009. 
  

	1.	In terms of Clause 1.3, the Executive shall perform services to the Company for 177 working days for the period 1 January 2009 to 31 December 2009.

  

	2.	In terms of Clause 3.1, the Remuneration Package is R 4,913,000 with effect from 1 March 2009. 

  

	3.	In terms of Clause 4.1, the Local Leave Entitlement is calculated as 177 / 227 * 24 = 18.72 days, where: 

  

	 	177	represents the annual number of contracted working days 

  

	 	227	represents the number of working days in the period 1 January 2009 to 31 December 2009 

  

	 	24	represents the total leave entitlement for a full calendar year, inclusive of all leave entitlements arising out of your contracts with the South African Employer and
the Offshore Companies. 

 Annual leave shall accrue on a monthly basis at the rate of 1.56 working
days per month. 
  

									
	 /s/    I BONINELLI
	 		 	
	 For and on behalf of
 GOLD FIELDS GROUP SERVICES (PTY) LTD
	 		 	 I hereby accept the terms of this Annexure A, effective 1 March 2009.

				
	 26/6/2009
	 		 		 	
	 Date
	 		 		 	 /s/    NJ
HOLLAND

		 		 		 	 Mr NJ Holland

					
		 		 		 	 12 March 2009
	  	
		 		 		 	 Date

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