Document:

exv10wb

Exhibit (10)b.

AMENDMENT NO. 4

TO TRADEMARK LICENSE AGREEMENT

(U.S. Dockers)

     This Amendment No. 4 dated May 15, 2009 amends that certain Trademark License Agreement dated
August 9, 2000 (the “Agreement”), as amended, by and between LEVI STRAUSS & CO., a Delaware
corporation, (“LS&CO.”) and GENESCO INC. (“Licensee”), a Tennessee corporation located at 1415
Murfreesboro Road, Nashville, TN 37217.

     Pursuant to Section 24.4, Entire Agreement; Modifications, the Parties amend the
Agreement as set forth below:

	1.	 	Section 2.1, Term shall be amended to reflect that the Agreement is extended for an
additional three (3) Annual Periods commencing on January 1, 2010 and ending on December 31,
2012.
	 
	2.	 	Section 2.2, Renewal Term is hereby deleted in its entirety and substituted with the
following:
	 
	 	 	“Section 2.2. Expiration or Renewal. LS&CO. and Licensee agree that the Term of
this Agreement shall expire as of December 31, 2012.”
	 
	3.	 	Section 3.1, Guaranteed Minimum Royalty shall be amended to add the following
Guaranteed Minimum Royalty payments to the Term:

	 	 	 
	Annual Period	 	Guaranteed Minimum Royalty
	 

	 	[                         ]*

	4.	 	Section 24, Notices shall be amended by removing the Levi Strauss & Co. notices
addresses and replacing them with the following:

If to LS&CO.:

David Galpin

Vice President, DockersÒ Licensing

Levi Strauss & Co.

1155 Battery Street

San Francisco, CA 94111

 

			
	*	 	CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE COMMISSION.

 

Telephone: (415) 501-6000

Facsimile: (415) 501-1484

With copy to:

Hilary A. Dessouky

Associate General Counsel

Levi Strauss & Co.

1155 Battery Street

San Francisco, CA 94111

Telephone: (415) 501-6000

Facsimile: (415) 501-7650

	5.	 	Except as set forth above, all other terms and conditions contained in the Agreement shall
remain in full force and effect. This Amendment and the Agreement (a) are complete, (b)
constitute the entire understanding between the Parties with respect to the subject matter
hereof, and (c) supersede all prior agreements, whether oral or written.

     IN WITNESS WHEREOF, the Parties have executed this Amendment No. 4 by their respective
officers hereunto duly authorized as of the day and year first written above.

	 	 	 	 	 	 	 	 	 
	LEVI STRAUSS & CO.	 	GENESCO, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/: Jim Calhoun
 

Jim Calhoun
	 	By:

Name:
	 	/s/: Jonathan Caplan
 

Jonathan Caplan
	 	 
	 

	 	President, DockersÒ
	 	Title:
	 	CEO — Brand Groupexv4w1

Exhibit 4.1

REGISTERED GLOBAL SECURITY

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, 55 WATER STREET, NEW YORK, NEW YORK (“DTC”), TO THE REPUBLIC OF SOUTH AFRICA OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER ENTITY AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY
PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

			
	 	 	 
	No. 4
	 	US$500,000,000

REPUBLIC OF SOUTH AFRICA

6.875% Notes due 2019

ISIN No. US836205AM61

CUSIP No. 836205AM6

The Republic of South Africa (herein called the “Issuer” or “South Africa”), for value received,
hereby promises to pay to Cede & Co. or registered assigns, the principal sum set forth on the face
hereof on May 27, 2019, and to pay interest thereon from May 27, 2009 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually in
arrears on May 27 and November 27 in each year (each, an “Interest Payment Date”), commencing
November 27, 2009, at the rate of 6.875% per annum, until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in the Amended Fiscal Agency Agreement hereinafter referred
to, be paid to the person (the “registered holder”) in whose name this Security (or one or more
predecessor Securities) is registered at the close of business on the preceding May 12 or November
12 (whether or not a business day), as the case may be (each a “Regular Record Date”), next
preceding such Interest Payment Date. Interest will be calculated on a 360 day year, consisting of
twelve 30 day months. Any such interest not so punctually paid or duly provided for will forthwith
cease to be payable to the registered holder on such Regular Record Date and may either be paid to
the person in whose name this Security (or one or more predecessor Securities) is registered at the
close of business on a special record date for the payment of such interest to be fixed by South
Africa, notice whereof shall be given to registered holders of Securities of this series not less
than 10 days prior to such special record date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities of this
series may be listed, and upon such notice as may be required by such exchange.

Principal of (and premium, if any, on) this Security shall be payable against surrender hereof at
the corporate trust office of the Fiscal Agent hereinafter referred to and at the offices of such
other Paying Agents as South Africa shall have appointed pursuant to the Amended Fiscal Agency
Agreement. Payments of any interest on this Security shall be made, in accordance with the
foregoing and subject to applicable laws and regulations, by check mailed on or before the due date
for such payment to the person entitled thereto at such person’s address appearing on the
aforementioned register or, in the

 

 

case of payments of principal (and premium, if any) to such other address as the registered holder
may specify upon such surrender; provided, however, that any payments shall be made, in the case of
a registered holder of at least US$1,000,000 aggregate principal amount of Securities of such
Series, by transfer for value on the date for such payment to an account denominated in U.S.
dollars maintained by the payee with a bank, if such registered holder so elects by giving notice
to the Fiscal Agent, not less than 15 days (or such fewer days as the Fiscal Agent may accept at
its discretion) prior to the date of the payments to be obtained, of such election and of the
account to which payments are to be made. The Issuer covenants that until this Security has been
delivered to the Fiscal Agent for cancellation, or monies sufficient to pay the principal of (and
premium, if any, on) and interest on this Security have been made available for payment and either
paid or returned to the Issuer as provided herein, it will at all times maintain offices or
agencies in the Borough of Manhattan, The City of New York and elsewhere, as the Issuer may
determine, for the payment of the principal of (and premium, if any, on) and interest on the
Securities as herein provided. The Issuer further covenants that in the event of the issuance of
Definitive Securities (the “Definitive Securities”) and for as long as the Securities are listed on
the Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange so require, it will at
all times maintain a listing agent, transfer agent and paying agent in Luxembourg.

The Securities are issued pursuant to an Amended and Restated Fiscal Agency Agreement, dated as of
May 15, 2003 (the “Amended Fiscal Agency Agreement”), between South Africa and Deutsche Bank Trust
Company Americas (formerly named Bankers Trust Company), as Fiscal Agent. The Securities will
benefit from a Currency Transfer Guarantee of the South African Reserve Bank, dated September 4,
2009, in its capacity as the agent for the Minister of Finance for purposes of enforcement of South
African Exchange Control regulations, pursuant to which the South African Reserve Bank will
irrevocably and unconditionally guarantee that the transfer to the Fiscal Agent of all sums in the
amount and in the currency required for the fulfillment of the financial obligations arising from
the Securities will be authorized in good time, under all circumstances and without any
limitations, notwithstanding any restrictions that may be in force at the time thereof in South
Africa, and without any obligation to submit any affidavit or to comply with any other formality.
Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

Unless the certificate of authentication hereon has been executed by the Fiscal Agent or an
affiliate of the Fiscal Agent by manual signature, this Security shall not be valid or obligatory
for any purpose.

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In Witness Whereof, the Issuer has caused this instrument to be duly executed.

Dated: September 4, 2009

REPUBLIC OF SOUTH AFRICA

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Lungisa Fuzile
	 	 
	 

	 	Head of Asset & Liability Management

National Treasury of the

Republic of South Africa	 	 

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This is one of the Securities of the series designated therein referred to in the within-mentioned
Amended Fiscal Agency Agreement.

DEUTSCHE BANK NATIONAL TRUST COMPANY, ON BEHALF

OF DEUTSCHE BANK TRUST COMPANY AMERICAS

as Fiscal Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

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	1.	 	This Security is one of a duly authorized issue of securities of the Issuer consisting of
US$500,000,000 principal amount of 6.875% Notes due 2019 (herein called the “Securities”),
issued and to be issued in one or more series in accordance with an Amended and Restated
Fiscal Agency Agreement, dated as of May 15, 2003 (herein called the “Amended Fiscal Agency
Agreement”), between the Issuer and Deutsche Bank Trust Company Americas (formerly named
Bankers Trust Company), as Fiscal Agent (herein called the “Fiscal Agent”, which term
includes any successor fiscal agent under the Amended Fiscal Agency Agreement), copies of
which Amended Fiscal Agency Agreement are on file and available for inspection at the
corporate trust office of the Fiscal Agent in the Borough of Manhattan, The City of New York.
On or about September 4, 2009, once the Securities are admitted to listing on the Luxembourg
Stock Exchange, they will be consolidated to form a single series with, and will be fully
fungible with, South Africa’s outstanding 6.875% Notes due 2019 originally issued on May 27,
2009 and originally represented by a global note. This Security is one of the series
designated on the face hereof, limited initially to the aggregate principal amount of
US$2,000,000,000.
	 
	 	 	The Securities are the direct, unconditional and general and (subject to the provisions
below) unsecured obligations of South Africa and will rank equally with all other evidences
of indebtedness issued in accordance with the Amended Fiscal Agency Agreement and with all
other unsecured and unsubordinated general obligations of South Africa for money borrowed and
guarantees given by South Africa in respect of money borrowed from others. South Africa
hereby pledges its full faith and credit for the due and punctual payment of the Securities
and for the due and timely performance of all obligations of South Africa with respect
thereto. Amounts payable in respect of principal of and interest on the Securities will be
charged upon and be payable by the Issuer, equally and ratably with all other amounts so
charged and amounts payable in respect of all other general loan obligations of South Africa.
The Securities will benefit from a Currency Transfer Guarantee of the South African Reserve
Bank, dated May 27, 2009, in its capacity as the agent for the Minister of Finance for
purposes of enforcement of South African Exchange Control regulations, pursuant to which the
South African Reserve Bank will irrevocably and unconditionally guarantee that the transfer
to the Fiscal Agent of all sums in the amount and in the currency required for the
fulfillment of the financial obligations arising from the Securities will be authorized in
good time, under all circumstances and without any limitations, notwithstanding any
restrictions that may be in force at the time thereof in South Africa, and without any
obligation to submit any affidavit or to comply with any other formality.
	 
	 	 	South Africa hereby agrees that it will not create any Encumbrance upon the whole or any part
of its present or future revenues or assets to secure any present or future External
Indebtedness without securing the outstanding Securities equally and ratably with such
External Indebtedness, and the instrument creating any such mortgage, pledge or charge shall
expressly provide therefor. “Encumbrance” shall mean any mortgage, charge, pledge, lien or
other arrangement creating security other than any security on goods or other assets provided
to or acquired by South Africa and securing a sum not greater than the purchase price
(together with interest and other related charges) of such goods or assets and any related
services. “External Indebtedness” shall mean all indebtedness of South Africa in respect of
moneys borrowed by South Africa and guarantees given by South Africa for moneys borrowed by
others which is expressed or denominated in a currency or currencies other than South African
rand or which is, at the option of the person entitled thereto, payable in a currency or
currencies other than South African rand.

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	2.	 	Except as set forth in the following sentence, the Securities are issuable only as fully
registered global securities, without coupons, each registered in the name of DTC, a nominee
thereof or a successor to DTC. or a nominee thereof (for purposes of this Paragraph 2, each, a
“Global Security”), and (i) no Global Security may be transferred, except in whole and not in
part, and only to DTC, one or more nominees of DTC or one or more respective successors of DTC
and its nominees, and (ii) no Global Security may be exchanged for any Security other than
another Global Security. Notwithstanding any other provision of the Amended Fiscal Agency
Agreement or this Global Security, a Global Security may be transferred to, or exchanged for
registered Securities registered in the name of, a person other than DTC, a nominee of DTC or
a successor of DTC or its nominee if (i) DTC notifies South Africa in writing that it is
unwilling or unable to discharge its responsibilities as depositary for such Global Security
properly and a successor is not appointed by South Africa within 90 days after receiving such
notice, (ii) South Africa, in its sole discretion, instructs the Fiscal Agent in writing that
a Global Security shall be so transferable and exchangeable or (iii) there shall have occurred
and be continuing an event of default with respect to the Securities evidenced by this Global
Security (as set forth in Paragraph 6). Registered Securities issued in exchange for this
Global Security will be registered in such names, and issued in such denominations (of
US$100,000 and higher integral multiples of US$1,000 thereof), as an authorized representative
of DTC shall request.
	 
	3.	 	The Issuer shall maintain in the Borough of Manhattan, The City of New York, an office or
agency where Securities may be surrendered for registration of transfer or exchange. The
Issuer has initially appointed the corporate trust office of the Fiscal Agent as its agent in
the Borough of Manhattan, the City of New York, for such purpose and has agreed to cause to be
kept at such office a register in which, subject to such reasonable regulations as it may
prescribe, South Africa will provide for the registration of Securities and registration of
transfers of Securities. South Africa reserves the right to vary or terminate the appointment
of the Fiscal Agent as security registrar or of any Transfer Agent or to appoint additional or
other registrars or Transfer Agents or to approve any change in the office through which any
security registrar or any Transfer Agent acts, provided that there will at all times be a
security registrar in the Borough of Manhattan, The City of New York.
	 
	 	 	In the event Definitive Securities are issued in the manner described above in Paragraph 2,
the Issuer shall maintain in Luxembourg an office or agency where Securities may be
surrendered for registration of transfer or exchange. The Issuer has initially appointed
Deutsche Bank Luxembourg S.A. for such purpose and has agreed to cause to be kept at such
office a register in which, subject to such reasonable regulations as it may prescribe, South
Africa will provide for the registration of Securities and registration of transfers of
Securities. South Africa reserves the right to vary or terminate the appointment of the
Transfer Agent in Luxembourg or to appoint additional or other Transfer Agents or to approve
any change in the office through which any Transfer Agent acts, provided that there will at
all times be a Transfer Agent in Luxembourg.
	 
	 	 	Subject to Paragraph 2, the transfer of a Security is registrable on the aforementioned
register upon surrender of such Security at the corporate trust office of the Fiscal Agent
or, if applicable, the Transfer Agent, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Issuer and the Fiscal Agent, or, if
applicable, the Transfer Agent, duly executed by, the registered holder thereof or his
attorney duly authorized in writing. Upon such surrender of this Security for registration of
transfer, the Issuer shall execute, and the Fiscal

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	 	 	Agent, or, if applicable, the Transfer Agent, shall authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Securities, dated the date of
authentication thereof, of any authorized denominations and of a like aggregate principal
amount.

	 	 	At the option of the registered holder upon request confirmed in writing, Securities may be
exchanged for Securities of any authorized denominations and of a like tenor, form and
aggregate principal amount upon surrender of the Securities to be exchanged at the corporate
trust office of the Fiscal Agent, or, if applicable, at the office of the Transfer Agent in
Luxembourg. Whenever any Securities are so surrendered for exchange, the Issuer shall
execute, and the Fiscal Agent or, if applicable, the Transfer Agent, shall authenticate and
deliver, the Securities which the registered holder making the exchange is entitled to
receive. Any registration of transfer or exchange will be effected upon the Fiscal Agent or,
if applicable, the Transfer Agent, being satisfied with the documents of title and identity
of the person making the request and subject to such reasonable regulations as the Issuer may
from time to time agree with the Fiscal Agent or, if applicable, the Transfer Agent. In the
case of a transfer of part only of a Definitive Security, a new certificate in respect of the
balance not transferred will be issued to the transferor.
	 
	 	 	All Securities issued upon any registration of transfer or exchange of Securities shall be
the valid obligations of South Africa, evidencing the same debt, and entitled to the same
benefits, as the Securities surrendered upon such registration of transfer or exchange. No
service charge shall be made for any registration of transfer or exchange, but South Africa
may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith, other than an exchange in connection with a partial redemption of a
Security not involving any registration of a transfer.
	 
	 	 	Prior to due presentment of this Security for registration of transfer, the Issuer, the
Fiscal Agent, or, if applicable, the Transfer Agent, and any agent of the Issuer, the Fiscal
Agent or the Transfer Agent may treat the person in whose name this Security is registered as
the owner hereof for all purposes, whether or not this Security be overdue, and neither the
Issuer nor the Fiscal Agent nor any such agent shall be affected by notice to the contrary.
	 
	 	 	To the extent permitted by applicable law, the Securities shall become void unless presented
for payment within a period of 10 years following (i) the maturity date or (ii) if payment in
full has not been received by the Fiscal Agent or a Paying Agent on or prior to such date,
the date on which notice is given to holders of the Securities that payment in full has been
received.
	 
	 	 	The Issuer may from time to time without notice to or the consent of the registered holders
of the Securities create and issue further securities ranking equally and ratably with the
Securities in all respects (or in all respects except for the payment of interest accruing
prior to the issue date of such further securities or except for the first payment of
interest following the issue date of such further securities) and so that such further
securities shall be consolidated and form a single series with the Securities and shall have
the same terms as to status, redemption or otherwise as the Securities.

	4.	(a)	 	The Issuer shall pay to the Fiscal Agent at its principal office in the Borough of
Manhattan, The City of New York, on or prior to each Interest Payment Date and the maturity
date of the Securities, in such amounts sufficient (with any amounts then held

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	 	 	 	by the Fiscal Agent and available for the purpose) to pay the interest on and the
principal of, the Securities due and payable on such Interest Payment Date or
maturity date, as the case may be. The Fiscal Agent shall apply the amounts so paid
to it to the payment of such interest and principal in accordance with the terms of
the Securities. Any monies paid by the Issuer to the Fiscal Agent for the payment of
the principal of (or premium, if any) or interest on any Securities and remaining
unclaimed at the end of two years after such principal (or premium) or interest
shall have become due and payable (whether at maturity or otherwise) shall then be
repaid to the Issuer upon its written request, and upon such repayment all liability
of the Fiscal Agent with respect thereto shall cease, without, however, limiting in
any way any obligation the Issuer may have to pay the principal of (and premium, if
any) and interest on this Security as the same shall become due.

	 	 	In the event Definitive Securities are issued in the manner described above in Paragraph 2,
the Issuer shall pay to the Paying Agent at its principal office in Luxembourg, on or prior
to each Interest Payment Date and the maturity date of the Securities, in such amounts
sufficient (with any amounts then held by the Paying Agent and available for the purpose) to
pay the interest on and the principal of, the Securities due and payable on such Interest
Payment Date or maturity date, as the case may be. Payment of principal on the Definitive
Securities will be made only against presentation and surrender of the Definitive Securities
to the Paying Agent. The Paying Agent shall apply the amounts so paid to it to the payment of
such interest and principal in accordance with the terms of the Securities. Any monies paid
by the Issuer to the Paying Agent for the payment of the principal of (or premium, if any) or
interest on any Securities and remaining unclaimed at the end of two years after such
principal (or premium) or interest shall have become due and payable (whether at maturity or
otherwise) shall then be repaid to the Issuer upon its written request, and upon such
repayment all liability of the Paying Agent with respect thereto shall cease, without,
however, limiting in any way any obligation the Issuer may have to pay the principal of (and
premium, if any) and interest on this Security as the same shall become due. South Africa
reserves the right to vary or terminate the appointment of the Paying Agent in Luxembourg or
to appoint additional or other Paying Agents or to approve any change in the office through
which any Paying Agent acts, provided that there will at all times be a Paying Agent in
Luxembourg.

	 	(b)	 	In any case where the date of payment of the principal of (and premium, if any,
on) or interest (including Additional Amounts) on the Securities shall not be a Business
Day, then payment of principal (and premium, if any) or interest (including Additional
Amounts) need not be made on such date at the relevant place of payment, but may be made
on the next succeeding Business Day. Any payment made on a date other than the date on
which such payment is due as set forth herein shall have the same force and effect as if
made on the date on which such payment is due, and no interest shall accrue for the
period after such date. “Business Day shall mean any day except a Saturday, Sunday or
any other day on which commercial banks in New York City (or in the city where the
relevant paying or transfer agent is located) are required or authorized by law to
close.

	5.	(a)	 	Subject to certain exceptions in current South African tax law, all payments of principal
and interest in respect of the Securities will be exempt from taxes, levies, imposts,

8

 

	 	 	 	duties, deductions, withholdings or other charges, of whatsoever nature, imposed,
levied, collected, withheld or assessed by the Republic of South Africa or any
political sub-division or taxing authority thereof or therein (all of which are
referred to herein as “South African Taxes”) so long as the beneficial owner of the
relevant Security is:

	 	 	 	i. a natural person who is not a tax resident in South Africa as defined in the
South African Income Tax Act, unless:
	 
	 	 	 	ii. that person caries on business in South Africa through a permanent
establishment; or
	 
	 	 	 	iii. that person was physically present in South Africa for a period exceeding
183 days in aggregate during the relevant year of assessment; or
	 
	 	 	 	iv. a company, incorporated association, corporation or other body corporate
which is not a resident as defined in the South African Income Tax Act, who does not
carry on business in South Africa through a permanent establishment.
	 
	 	 	 	A company, incorporated association, corporation or other body corporate will be a
resident of South Africa if it is incorporated, established or formed in South Africa
or if it is effectively managed in South Africa, unless it is considered exclusively a
resident of another country for purposes of the application of any agreement entered
into between the governments of the Republic of South Africa and that other country
for the avoidance of double taxation.

	 	 	Without prejudice to the foregoing, if any payment of principal or interest is not exempt as
aforesaid, South Africa shall pay, to the extent permitted by law, such additional amounts as
are necessary in order that the net payment, after the imposition of any South African Taxes
in respect thereof, will not be less than the amount the holder would have received in the
absence of such taxes, except that no such additional amounts shall be payable in respect of
any Security:

	 	 	 	i. on which any South African Taxes are imposed by reason of the failure of the
holder or beneficial owner of such Security to make a declaration of non-residence or
other similar claim for exemption to the relevant tax authority; or
	 
	 	 	 	ii. presented for payment more than 30 days after the Relevant Date, except to
the extent that the holder thereof would have been entitled to additional amounts on
presenting the same for payment on the expiry of such period of 30 days.

	 	 	As used herein, the “Relevant Date” means the date on which such payment first becomes due
or, if the full amount of the money payable has not been received by the Fiscal Agent on or
prior to such due date, it means the date on which, the full amount of such money having been
so received, notice to that effect shall have been duly given in the manner provided in the
Amended Fiscal Agency Agreement.
	 
	 	 	Any reference herein to principal and/or interest shall be deemed also to refer to any
additional amounts which may be payable hereunder.
	 
	 	 	South Africa shall pay all stamp and other duties, if any (and any taxes which may replace
such stamp or other duties), which may be imposed by the Republic of South Africa, the United

9

 

	 	 	States or any political subdivision thereof or taxing authority of or in the foregoing with
respect to the Amended Fiscal Agency Agreement of the issuance of this Security.

	 	(b)	 	Except as specifically provided in this Security, the Issuer shall not be required
to make any payment with respect to any tax, assessment or other governmental charge
imposed by any government or any political subdivision or taxing authority thereof or
therein. Whenever in this Security there is a reference, in any context, to the payment
of the principal of (or premium, if any, on) or interest on, or in respect of, any
Security, such mention shall be deemed to include mention of the payment of additional
amounts provided for in paragraph 5(a) to the extent that, in such context, additional
amounts are, were or would be payable in respect thereof pursuant to the provisions of
such paragraph and express mention of the payment of additional amounts (if applicable)
in any provisions hereof shall not be construed as excluding additional amounts in those
provisions hereof where such express mention is not made.

	6.	(a)	 	In the event of default in the payment of any principal of (and premium, if any, on) and
interest on any of the Securities and the continuance of such default for a period of more
than 30 days after the due date; or

	 	(b)	 	in the event of failure to perform or observe any other obligation under the
Securities and the continuance of such default for the period of 60 days following
written notice thereof to South Africa by any holder of Securities (except where such
failure is not capable of remedy, in which event no notice shall be required); or
	 
	 	(c)	 	if (i) any other present or future External Indebtedness becomes due and payable
prior to the stated maturity thereof by reason of default, or any such External
Indebtedness is not paid at the maturity thereof as extended by any grace period
applicable thereto, or any such External Indebtedness in the form of a guarantee is not
honored when due and called upon or within any grace period applicable thereto, or (ii)
South Africa shall declare a general moratorium on the payment of any External
Indebtedness;

	 	 	then, and in every such case, the Fiscal Agent shall, upon the instruction of the holders of
not less than 25% of the aggregate principal amount of the Securities at the time outstanding
(as defined in the Amended Fiscal Agency Agreement) at that time, by written demand given to
South Africa with a copy to the Fiscal Agent, declare all the Securities to be, and the
principal amount of all the Securities and the accrued interest thereon shall thereupon
become, immediately due and payable, unless prior to receipt of such demand by South Africa
all such events of default shall have been cured, waived or otherwise remedied. If any and
all existing events of default hereunder shall have been cured, waived or otherwise remedied
as provided herein, then, and in every such case, the holders of more than 50% of the
aggregate principal amount of the Securities at the time outstanding, by written notice to
South Africa and to the Fiscal Agent as set forth in the Amended Fiscal Agency Agreement, by
written consent or by a vote at meeting held in accordance with Section 12 of the Amended
Fiscal Agency Agreement, may, on behalf of all the holders, rescind and annul any prior
declaration of the acceleration of the principal of and interest accrued on the Securities
and its consequences, but no such rescission and annulment shall extend to or affect any
subsequent default, or shall impair any right consequent thereon. This paragraph 6 shall be
subject to Section 12 of the Amended Fiscal Agency Agreement.

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	7.	 	If any mutilated Security is surrendered to the Fiscal Agent or, if applicable, a Paying
Agent, the Issuer shall execute, and the Fiscal Agent or, if applicable, the relevant Paying
Agent, shall authenticate and deliver in exchange therefor, a new Security of like tenor and
principal amount, bearing a number not contemporaneously outstanding.
	 
	 	 	If there be delivered to the Issuer, the Fiscal Agent or, if applicable, a Paying Agent, (i)
evidence to their satisfaction of the destruction, loss or theft of any Security and (ii)
such security or indemnity as may be required by them to save each of them and any agent of
each of them harmless, then, in the absence of notice to the Issuer, the Fiscal Agent or, if
applicable, the relevant Paying Agent, that such Security has been acquired by a bona fide
purchaser, the Issuer shall execute, and upon its request the Fiscal Agent or, if applicable,
the relevant Paying Agent, shall authenticate and deliver in lieu of any such destroyed, lost
or stolen Security a new Security of like tenor and principal amount and bearing a number not
contemporaneously outstanding.
	 
	 	 	Upon the issuance of any new Security under this Paragraph, the Issuer may require the
payment of a sum sufficient to cover any stamp or other tax or other governmental charge that
may be imposed in relation thereto and any other expenses (including the fees and the
expenses of the Fiscal Agent or, if applicable, the Paying Agent) connected therewith.
	 
	 	 	Every new Security issued pursuant to this Paragraph in lieu of any destroyed, lost or stolen
Security, shall constitute an original additional contractual obligation of the Issuer,
whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone.
	 
	 	 	Any new Security delivered pursuant to this Paragraph shall be so dated that neither gain nor
loss in interest shall result from such exchange.
	 
	 	 	The provisions of this Paragraph 7 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities.
	 
	8.	 	As provided in the Amended Fiscal Agency Agreement, South Africa and the Fiscal Agent may,
(a) with the consent of the holders at a meeting duly called and held as specified in the
Amended Fiscal Agency Agreement, upon the affirmative vote, in person or by proxy thereunto
duly authorized in writing, of the holders of not less than 66 2/3% in aggregate principal
amount of the Securities at the time outstanding represented at such meeting, or (b) with the
written consent of the holders of not less than 66 2/3% in aggregate principal amount of the
Securities at the time outstanding, modify, amend or supplement the terms of the Securities
or, insofar as respects the Securities, the Amended Fiscal Agency Agreement, in any way, and
such holders may make, take or give any request, demand, authorization, direction, notice,
consent, waiver or other action provided by the Amended Fiscal Agency Agreement or the
Securities to be made, given or taken by the holders; provided, however, that no such action
may, without the consent of the holders of not less than 75% of the aggregate principal amount
of the Securities at the time outstanding, voting at a meeting or by written consent, (i)
change the due date for the payment of the principal of, premium, if any, or any installment
of interest on any Security, (ii) reduce the principal amount of any Security, the portion of
such principal amount that is payable upon acceleration of the maturity of such Security, the
interest rate thereon or any premium payable upon redemption thereof, (iii) change the coin or
currency in which or the required places at which payment with respect to interest, any
premium or principal in respect of

11

 

	 	 	the Securities is payable, (iv) shorten the period during which South Africa is not permitted
to redeem Securities, or permit South Africa to redeem Securities if, prior to such action,
South Africa is not permitted to do so, (v) reduce the proportion of the principal amount of
the Securities the vote or consent of the holders of which is necessary to modify, amend or
supplement the Amended Fiscal Agency Agreement or the terms of the Securities or to make,
take or give any request, demand, authorization, direction, notice, consent, waiver or other
action provided hereby or thereby to be made, taken or given, or change the definition of
“Outstanding” in Section 12 of the Amended Fiscal Agency Agreement with respect to the
Securities, (vi) change the obligation of South Africa to pay any Additional Amounts, (vii)
change Section 13 of the Amended Fiscal Agency Agreement, (viii) change the courts to the
jurisdiction of which South Africa has submitted, South Africa’s obligation to appoint and
maintain an agent for service of process in the Borough of Manhattan, The City of New York or
South Africa’s waiver of immunity, in respect of actions or proceedings brought by any holder
based upon the Securities as set forth in the Amended Fiscal Agency Agreement, or (ix) in
connection with an exchange offer for the Securities, amend any event of default under the
Securities. In addition, the Amended Fiscal Agency Agreement permits South Africa and the
Fiscal Agent, without the consent of any holders of Securities, to amend the Amended Fiscal
Agency Agreement or the Securities for the purpose of (i) adding to the covenants of South
Africa for the benefit of the holders of Securities, (ii) surrendering any right or power
conferred upon South Africa, (iii) securing the Securities pursuant to the requirements of
the Securities or otherwise, (iv) curing any ambiguity, or curing, correcting or
supplementing any defective provision contained in the Securities or the Amended Fiscal
Agency Agreement or (v) amending the Amended Fiscal Agency Agreement or the Securities in any
manner which South Africa and the Fiscal Agent may determine and which shall not be
inconsistent with the Securities and shall not adversely affect the interest of any holder of
Securities. This paragraph 8 shall be subject to Section 12 of the Amended Fiscal Agency
Agreement.

	9.	 	Subject to Paragraph 8, no reference herein to the Amended Fiscal Agency Agreement and no
provision of this Security or of the Amended Fiscal Agency Agreement shall alter or impair the
obligation of the Issuer, which is absolute and unconditional, to pay the principal of (and
premium, if any, on) and interest on this Security at the times, place and rate, and in the
coin or currency, herein prescribed.
	 
	10.	 	South Africa may, from time to time, without the consent of the holders, create and issue
additional securities having terms and conditions the same as the Securities, or the same
except for the amount of the first payment of interest, which additional securities may be
consolidated and form a single series with the outstanding Securities; provided that such
additional securities do not have, for purposes of U.S. federal income taxation, a greater
amount of original issue discount, if any, than the Securities have as of the date of the
issue of such additional securities.
	 
	11.	 	THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK.
	 
	12.	 	South Africa hereby certifies and declares that all acts, conditions and things required to
be done and performed and to have happened precedent to the creation and issuance of this
Security, and to constitute the same and valid obligation of South Africa in accordance with
its

12

 

	 	 	terms, have been done and performed and have happened in due and strict compliance with the
applicable laws of the Republic of South Africa.

	13.	 	South Africa has appointed Ambassador Welile Nhlapo, Ambassador of South Africa to the United
States, 3051 Massachusetts Avenue, Washington, D.C. 20008, and his successors as its
authorized agent (the “Authorized Agent”) upon whom process may be served in any action
arising out of or based on the Securities which may be instituted in any State or Federal
court in The City of New York by the holder of any Security, and South Africa expressly
accepts the jurisdiction of any such court in respect of such action. The Issuer hereby
irrevocably waives any immunity to service of process and any objection to venue in respect of
any such action to which it might otherwise be entitled in any action arising out of or based
on the Securities which may be instituted by the holder of any Security in any State or
Federal court in The City of New York or in any competent court in the Republic of South
Africa. Such appointment shall be irrevocable until all amounts in respect of the principal of
(and premium, if any) and any interest due and to become due on or in respect of all the
Securities have been either paid or returned to the Issuer as provided in Section 8(b) of the
Amended Fiscal Agency Agreement. South Africa hereby waives irrevocably any immunity from
jurisdiction (but not execution or attachment or process in the nature thereof) to which it
might otherwise be entitled in any action arising out of or based on the Securities which may
be instituted by the holder of any Security in any State or Federal court in The City of New
York or in any competent court in the Republic of South Africa. Neither such appointment nor
such waiver of immunity shall be interpreted to include actions brought under the United
States Federal securities laws.

13

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