DEBENTURE TRUST DEED PURPOSE OF REPORT ...

Debenture Trust Deed 10
Advice to Trustee: it has first advised the Trustee; and
Remuneration: the Trustee and the Council have reviewed and
agreed upon the remuneration payable to the Trustee
under clause 0 for the issue of that Stock.
Stock Certificates:
Issue: The Council shall, subject to the conditions applicable to the
Stock, issue:
to, or for the account of, every Stockholder (other than
a Holder of Security Stock, Bearer Stock or Stock
which is repayable in a currency other than Dollars)
upon request one or more Stock Certificates in, or to
the effect of, the form set out in Part I of the First
Schedule or in such other form as is appropriate to
reflect the terms of the relevant Stock;
to, or for the account of, each Holder of Security Stock
upon request one or more Security Stock Certificates
in, or to the effect of, the form set out in either Part II or
Part III of the First Schedule or in such other form as is
appropriate to reflect the terms of the relevant Security
Stock;
(in such circumstances, if any, as the Council is
entitled to issue Stock which is repayable in a currency
other than Dollars) to, or for the account of, each
Holder of Stock which is repayable in a currency other
than Dollars upon request one or more Stock
Certificates in such form as is appropriate to reflect the
terms of the relevant Stock, and
where the Securities Act applies to any Stock, Stock
Certificates in respect of such Stock in the appropriate form
shall be issued within such time period as the Securities Act
may require.
Terms of Issue: The Stock (whether or not represented by a Stock
Certificate) shall be, and be deemed to be, held with the
benefit of and subject to the provisions of this Deed, and
the terms of the Stock shall include:
those terms entered in the Register in respect of such
Stock; and
those terms set out in any Stock Certificate issued in
respect of such Stock, except to the extent that they:
conflict with the terms entered in the
Register; or
conflict with the form of Stock Certificate set out in
Part I, II or III (as applicable) of the First
Schedule (including the conditions
attached to those forms and the further
KCDC_n367613_v1_Fin-13-825_Appendix_1_Copy_of_Report_Fin-12-593_from_28_June_Council © Simpson Grierson