DEBENTURE TRUST DEED PURPOSE OF REPORT ...

Debenture Trust Deed 14
REGISTER OF STOCK
Cancellation: A statutory declaration by an officer of the Council
that the allotment of Stock has been cancelled on the date
stated in the declaration shall be conclusive evidence of
the facts therein as against all persons claiming to be
entitled to such Stock. If the Council cancels the allotment
of such Stock the Council shall refund to the Stockholder
concerned the instalments which the Stockholder had paid
less the expenses of the Council in relation to the
cancellation, but if the Stock is reissued the Council shall
apply the proceeds of reissue first in payment of any
expenses of reissue and next in satisfaction of the money
due to the Council by the Stockholder concerned in respect
of such Stock and the balance (if any) shall be paid to that
Stockholder.
Register: The Council shall take all reasonable steps to procure that the
Registrar establishes and maintains, in accordance with the Registrar
and Paying Agency Agreement, a separate Register of Stock to be kept
at such place in New Zealand as the Council and the Registrar may from
time to time agree.
Provisions as to Register: In respect of the Register:
Details: the following details shall be entered in the Register in
respect of Stock:
the principal amount of the Stock for the time being issued and
outstanding (which, in the case of Security Stock, shall
be its nominal amount);
the date or dates of payment for Stock (when applicable);
the rate of interest applicable;
when interest is payable;
the redemption date;
the number and date of each Stock Certificate (if any);
(except for Bearer Stock) all subsequent transfers or changes
of ownership of Stock;
(except for Bearer Stock) the names and addresses of the
Stockholders and the date at which such names are
entered on the Register;
where Stock is no longer outstanding, particulars of its
redemption, purchase, cancellation or forfeiture by the
Council;
any other additional matters to be entered in the Register in
accordance with conditions required by the terms of
any particular issue of Stock or by law; and
KCDC_n367613_v1_Fin-13-825_Appendix_1_Copy_of_Report_Fin-12-593_from_28_June_Council © Simpson Grierson