INTERCREDITOR AGREEMENT
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64001n.gif)
Execution version
between
AFRICAN RAINBOW MINERALS LIMITED
and
HARMONY GOLD MINING COMPANY LIMITED
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64001n.gif)
-
i
-
CONTENTS
1.
DEFINITIONS AND INTERPRETATION ............................................................................................
1
2.
DURATION .........................................................................................................................................
4
3.
GENERAL PROVISIONS CONCERNING THE LOAN AGREEMENTS ...........................................
4
4.
WAIVERS UNDER AND AMENDMENTS TO HARMONY LOAN AGREEMENT .............................
4
5.
NO ENCUMBRANCE OR GUARANTEES ........................................................................................
4
6.
REMEDIES UNDER THE HARMONY LOAN AGREEMENT ............................................................
5
7.
PAYMENTS ........................................................................................................................................
5
8.
CESSION AND DELEGATION ..........................................................................................................
5
9.
CROSS INDEMNITY...........................................................................................................................
6
10.
GENERAL CONDITIONS ...................................................................................................................
6
11.
COUNTERPARTS ..............................................................................................................................
7
12.
NOTICES ............................................................................................................................................
8
13.
GOVERNING LAW .............................................................................................................................
9
14.
JURISDICTION ...................................................................................................................................
9
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
1 -
PARTIES:
This Agreement is made between:
(1)
AFRICAN RAINBOW MINERALS LIMITED, a public company duly incorporated in
accordance with the laws of the Republic of South Africa under registration number
1933/004580/06 (ARM); and
accordance with the laws of the Republic of South Africa under registration number
1933/004580/06 (ARM); and
(2)
HARMONY GOLD MINING COMPANY LIMITED, a public company duly incorporated in
accordance with the laws of the Republic of South Africa under registration number
1950/038232/06 (Harmony).
accordance with the laws of the Republic of South Africa under registration number
1950/038232/06 (Harmony).
WHEREAS
A.
Harmony and ARM have agreed to make certain facilities available to the Borrower on the
terms and subject to the conditions set out in the ARM Loan Agreement and the Harmony
Loan Agreement.
terms and subject to the conditions set out in the ARM Loan Agreement and the Harmony
Loan Agreement.
B.
The Parties have entered into this Agreement in order to set out, inter alia, the terms and
conditions which apply to
conditions which apply to
the relationship between each of them as creditors of the
Borrower.
IT IS AGREED AS FOLLOWS:
1.
DEFINITIONS AND INTERPRETATION
1.1.
In this Agreement, unless the context clearly indicates a contrary intention, the following
words and expressions shall bear the meanings assigned to them and cognate expressions
shall bear corresponding meanings:
words and expressions shall bear the meanings assigned to them and cognate expressions
shall bear corresponding meanings:
1.1.1.
Affiliate means, in relation to any company (the First Company):
1.1.1.1.
any Subsidiary of the First Company;
1.1.1.2.
any Holding Company of the First Company; and
1.1.1.3.
any company which is a Subsidiary of the same Holding Company as the First
Company;
Company;
1.1.2.
Agreement means this intercreditor agreement and all schedules hereto;
1.1.3.
Applicable Laws means the common law and any legislative enactment including,
without limitation, any act, statute, ordinance, proclamation, decree, order, regulation
and/or by-law;
without limitation, any act, statute, ordinance, proclamation, decree, order, regulation
and/or by-law;
1.1.4.
ARM means African Rainbow Minerals Limited, a public company duly incorporated in
accordance with the laws of the Republic of South Africa under registration number
1933/004580/06;
accordance with the laws of the Republic of South Africa under registration number
1933/004580/06;
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
2 -
1.1.5.
ARM Loan Agreement means means the loan agreement to be entered into between the
Borrower and ARM contemporaneously with this Agreement;
Borrower and ARM contemporaneously with this Agreement;
1.1.6.
ARM Percentage means, at any time, the total amount owing by the Borrower to ARM
under the ARM Loan Agreement at that time expressed as a percentage of the Total
Debt;
under the ARM Loan Agreement at that time expressed as a percentage of the Total
Debt;
1.1.7.
Borrower means the trustees for the time being of the ARM Broad-Based Economic
Empowerment Trust, a trust established in accordance with the laws of the Republic of
South Africa with Master’s Reference IT4713/06;
Empowerment Trust, a trust established in accordance with the laws of the Republic of
South Africa with Master’s Reference IT4713/06;
1.1.8.
Business Day means any day other than a Saturday, Sunday or statutory public holiday
in the Republic of South Africa;
in the Republic of South Africa;
1.1.9.
Discharge Date means the date on which the Borrower has paid in full all and any
amounts owing to the Lenders arising out of or in connection with the Loan Agreements;
amounts owing to the Lenders arising out of or in connection with the Loan Agreements;
1.1.10.
Encumbrance means an Encumbrance, as defined in the Loan Agreements;
1.1.11.
Event of Default means any Event of Default, as defined in the Loan Agreements;
1.1.12.
Finance Parties has the meaning given to that term in the Subordination Agreement;
1.1.13.
Harmony means Harmony Gold Mining Company Limited (registration number
1950/038232/06), a public company duly incorporated in accordance with the company
laws of the Republic of South Africa;
1950/038232/06), a public company duly incorporated in accordance with the company
laws of the Republic of South Africa;
1.1.14.
Harmony Loan Agreement means the loan agreement to be entered into between the
Borrower and Harmony contemporaneously with this Agreement;
Borrower and Harmony contemporaneously with this Agreement;
1.1.15.
Harmony Percentage means, at any time, the total amount owing by the Borrower to
Harmony under the Harmony Loan Agreement at that time expressed as a percentage of
the Total Debt;
Harmony under the Harmony Loan Agreement at that time expressed as a percentage of
the Total Debt;
1.1.16.
Holding Company means in relation to any company or other corporation, any
company or corporation of which it is a Subsidiary;
company or corporation of which it is a Subsidiary;
1.1.17.
Lenders means ARM and Harmony, and Lender means either of them, as the context
may require;
may require;
1.1.18.
Loan Agreements means the ARM Loan Agreement and the Harmony Loan Agreement,
and Loan Agreement means either one of them, as the context may require;
and Loan Agreement means either one of them, as the context may require;
1.1.19.
Parties means ARM and Harmony, and Party means either one of them, as the context
may require;
may require;
1.1.20.
Signature Date means the date on which this Agreement is signed by the Party signing
last in time;
last in time;
1.1.21.
Subordination Agreement means the subordination agreement to be entered into
between the Borrower, Nedbank Limited and the Parties contemporaneously with this
Agreement
between the Borrower, Nedbank Limited and the Parties contemporaneously with this
Agreement
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
3 -
1.1.22.
Subsidiary means, in relation to a person, an entity directly or indirectly controlled by
that person, for which purpose “control” means either ownership of more than 50 per
cent of the voting share capital (or equivalent right of ownership) of the entity, or power
to direct its policies and management, whether by contract or otherwise;
that person, for which purpose “control” means either ownership of more than 50 per
cent of the voting share capital (or equivalent right of ownership) of the entity, or power
to direct its policies and management, whether by contract or otherwise;
1.1.23.
Total Debt means, at any time, the total amount owing by the Borrower to ARM under
the ARM Loan Agreement and to Harmony under the Harmony Loan Agreement at that
time.
the ARM Loan Agreement and to Harmony under the Harmony Loan Agreement at that
time.
1.2.
In this Agreement, unless the context indicates a contrary intention:
1.2.1.
any reference to the singular includes the plural and vice versa;
1.2.2.
any reference to natural persons includes legal persons and vice versa;
1.2.3.
any reference to gender includes the other genders.
1.3.
The clause headings in this Agreement have been inserted for convenience only and shall
not be taken into account in its interpretation.
not be taken into account in its interpretation.
1.4.
Words and expressions defined in any clause shall, for the purpose of that clause, bear the
meaning assigned to such words and expressions in that clause.
meaning assigned to such words and expressions in that clause.
1.5.
If any provision in a definition is a substantive provision conferring rights or imposing
obligations on either Party, effect shall be given to it as if it were a substantive clause in the
body of the Agreement, notwithstanding that it is only contained in the interpretation
clause.
obligations on either Party, effect shall be given to it as if it were a substantive clause in the
body of the Agreement, notwithstanding that it is only contained in the interpretation
clause.
1.6.
If any period is referred to in this Agreement by way of reference to a number of days, the
days shall be reckoned inclusively of the first and exclusively of the last day unless the last
day falls on a day which is not a Business Day, in which case the day shall be the next
succeeding Business Day.
days shall be reckoned inclusively of the first and exclusively of the last day unless the last
day falls on a day which is not a Business Day, in which case the day shall be the next
succeeding Business Day.
1.7.
Any reference to an enactment is to that enactment as at the date of signature hereof and as
amended or re-enacted from time to time.
amended or re-enacted from time to time.
1.8.
Where figures are referred to in numerals and in words, if there is any conflict between the
two, the words shall prevail.
two, the words shall prevail.
1.9.
Schedules, appendices or annexures to this Agreement shall be deemed to be incorporated
in and form part of this Agreement.
in and form part of this Agreement.
1.10.
A reference to a person includes such person’s permitted successors, assignees, transferees
or substitutes.
or substitutes.
1.11.
Any reference to a document is a reference to that document as amended, novated, ceded or
supplemented.
supplemented.
1.12.
Expressions defined in this Agreement shall bear the same meanings in schedules,
appendices or annexures to this Agreement which do not themselves contain their own
contrary definitions.
appendices or annexures to this Agreement which do not themselves contain their own
contrary definitions.
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
4 -
1.13.
The expiration or termination of this Agreement shall not affect such of the provisions of
this Agreement as expressly provide that they will operate after any such expiration or
termination or which of necessity must continue to have effect after such expiration or
termination, notwithstanding that the clauses themselves do not expressly provide for this.
this Agreement as expressly provide that they will operate after any such expiration or
termination or which of necessity must continue to have effect after such expiration or
termination, notwithstanding that the clauses themselves do not expressly provide for this.
2.
DURATION
This Agreement shall commence and be of full force and effect on the Signature Date and shall
terminate on the Discharge Date.
terminate on the Discharge Date.
3.
GENERAL PROVISIONS CONCERNING THE LOAN AGREEMENTS
3.1.
No other indebtedness
As of Signature Date, each of the Lenders represents to the other that its Loan Agreement
represents the entirety of any loans or any similar debt funding arrangements between it
(and any of its Affiliates) and the Borrower.
represents the entirety of any loans or any similar debt funding arrangements between it
(and any of its Affiliates) and the Borrower.
3.2.
Ranking
Each of the Lenders agrees that the indebtedness under the Loan Agreements ranks pari
passu inter se.
passu inter se.
3.3.
Fulfillment of Conditions Precedent
Each Party agrees to give:
3.3.1.
to Nedbank the notice required under paragraph 3 of Schedule 1 to the Second
Amendment and Restatement Agreement (as defined in the Loan Agreements) as soon
as circumstances permit; and
Amendment and Restatement Agreement (as defined in the Loan Agreements) as soon
as circumstances permit; and
3.3.2.
to the other Party the notice required from it under paragraph 7 of Schedule 1 to the
other Party’s Loan Agreement.
other Party’s Loan Agreement.
4.
WAIVERS UNDER AND AMENDMENTS TO HARMONY LOAN AGREEMENT
Harmony agrees that it will not, in any circumstances, waive any provision of or amend or
modify its Loan Agreement without the prior written consent of ARM.
modify its Loan Agreement without the prior written consent of ARM.
5.
NO ENCUMBRANCE OR GUARANTEES
Harmony agrees that it will not, in any circumstances, without the prior written consent of
ARM, permit or grant its consent to:
ARM, permit or grant its consent to:
5.1.1.
the Borrower granting any Encumbrance to Harmony in respect of the indebtedness
arising under its Loan Agreement; or
arising under its Loan Agreement; or
5.1.2.
any person providing any guarantee in respect of the indebtedness arising under its
Loan Agreement.
Loan Agreement.
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
5 -
6.
REMEDIES UNDER THE HARMONY LOAN AGREEMENT
6.1.
Ability to Enforce
6.1.1.
If an Event of Default has occurred and Harmony would be entitled, by the terms of its
Loan Agreement, to enforce remedies thereunder or arising under Applicable Laws,
then notwithstanding the terms of such Loan Agreement, Harmony agrees, to the fullest
extent permitted by Applicable Laws, not to enforce such remedies without the prior
written consent of ARM, provided that, if ARM enforces any such remedy under the
ARM Loan Agreement or arising under Applicable Laws as a result of such Event of
Default, then Harmony shall, without any consent from ARM, be entitled to exercise the
same remedy under the ARM Loan Agreement or arising under Applicable Laws.
Loan Agreement, to enforce remedies thereunder or arising under Applicable Laws,
then notwithstanding the terms of such Loan Agreement, Harmony agrees, to the fullest
extent permitted by Applicable Laws, not to enforce such remedies without the prior
written consent of ARM, provided that, if ARM enforces any such remedy under the
ARM Loan Agreement or arising under Applicable Laws as a result of such Event of
Default, then Harmony shall, without any consent from ARM, be entitled to exercise the
same remedy under the ARM Loan Agreement or arising under Applicable Laws.
6.1.2.
Harmony shall not, at any time prior to the Discharge Date, institute legal proceedings
against the Borrower without the prior written consent of ARM, provided that, if ARM
institutes legal proceedings against the Borrower under the ARM Loan Agreement, then
Harmony shall be entitled, without any consent from ARM, to institute the equivalent
legal proceedings against the Borrower under the Harmony Loan Agreement.
against the Borrower without the prior written consent of ARM, provided that, if ARM
institutes legal proceedings against the Borrower under the ARM Loan Agreement, then
Harmony shall be entitled, without any consent from ARM, to institute the equivalent
legal proceedings against the Borrower under the Harmony Loan Agreement.
6.1.3.
Harmony shall not, at any time prior to the Discharge Date, itself institute, or join with
any person in instituting, any proceedings for the sequestration or dissolution of the
Borrower or any compromise with the trustees or beneficiaries of the Borrower or any of
its creditors or any related relief, or any similar proceedings (including any bankruptcy
or debt moratorium proceedings or any proceedings for the appointment of a trustee on
insolvency or similar officer in relation to the Borrower or any or all of Borrower’s assets
or revenues), without the prior written consent of ARM, provided that, if ARM institutes
any such proceedings, or joins with any person in instituting any such proceedings,
against the Borrower, or any other person institutes any such proceedings against the
Borrower, then Harmony shall be entitled, without any consent from ARM, to participate
in such proceedings as a creditor of the Borrower, and, without limiting the generality of
the foregoing, to vote in any matter to be determined by a vote of the creditors of the
Borrower and to submit and prove its claims against the Borrower.
any person in instituting, any proceedings for the sequestration or dissolution of the
Borrower or any compromise with the trustees or beneficiaries of the Borrower or any of
its creditors or any related relief, or any similar proceedings (including any bankruptcy
or debt moratorium proceedings or any proceedings for the appointment of a trustee on
insolvency or similar officer in relation to the Borrower or any or all of Borrower’s assets
or revenues), without the prior written consent of ARM, provided that, if ARM institutes
any such proceedings, or joins with any person in instituting any such proceedings,
against the Borrower, or any other person institutes any such proceedings against the
Borrower, then Harmony shall be entitled, without any consent from ARM, to participate
in such proceedings as a creditor of the Borrower, and, without limiting the generality of
the foregoing, to vote in any matter to be determined by a vote of the creditors of the
Borrower and to submit and prove its claims against the Borrower.
7.
PAYMENTS
7.1.
ARM agrees not to accept any payment of any of the indebtedness owing to it under its
Loan Agreement unless a corresponding amount is paid to Harmony on account of the
indebtedness owing to Harmony under the Harmony Loan Agreement, such that the
amount paid to ARM is equal to the ARM Percentage of the total amount paid to both
Lenders.
Loan Agreement unless a corresponding amount is paid to Harmony on account of the
indebtedness owing to Harmony under the Harmony Loan Agreement, such that the
amount paid to ARM is equal to the ARM Percentage of the total amount paid to both
Lenders.
7.2.
Harmony agrees not to accept any payment of any of the indebtedness owing to it under its
Loan Agreement unless a corresponding amount is paid to ARM on account of the
indebtedness owing to ARM under the ARM Loan Agreement, such that the amount paid to
Harmony is equal to the Harmony Percentage of the total amount paid to both Lenders.
Loan Agreement unless a corresponding amount is paid to ARM on account of the
indebtedness owing to ARM under the ARM Loan Agreement, such that the amount paid to
Harmony is equal to the Harmony Percentage of the total amount paid to both Lenders.
8.
CESSION AND DELEGATION
Neither Party shall cede or delegate or otherwise transfer all or any of its rights and/or
obligations under its Loan Agreement without the prior written consent of the other Party and,
obligations under its Loan Agreement without the prior written consent of the other Party and,
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
6 -
even where such consent is obtained, unless the person to whom such cession or delegation or
other transfer is made agrees in writing to become a Party to this Agreement as a Lender and to
assume obligations under this Agreement identical to those of the Party making such cession or
delegation or other transfer.
other transfer is made agrees in writing to become a Party to this Agreement as a Lender and to
assume obligations under this Agreement identical to those of the Party making such cession or
delegation or other transfer.
9.
CROSS INDEMNITY
In the event that either or both of the Parties is required to make any payment to the Finance
Parties under the Subordination Agreement as a result of it receiving a payment under its Loan
Agreement that was greater than it should have been in in accordance with the provisions of
the Subordination Agreement (each a “Relevant Amount”), then the Parties shall make such
payments amongst them as are necessary in order for;
Agreement that was greater than it should have been in in accordance with the provisions of
the Subordination Agreement (each a “Relevant Amount”), then the Parties shall make such
payments amongst them as are necessary in order for;
9.1.
ARM to be in the same financial position that it would have been in had the Finance Parties
recovered from it an amount equal to the ARM Percentage (at the time of receipt of the first
such Relevant Amount) of the total amount so recoverable by the Finance Parties from both
Parties; and
recovered from it an amount equal to the ARM Percentage (at the time of receipt of the first
such Relevant Amount) of the total amount so recoverable by the Finance Parties from both
Parties; and
9.2.
Harmony to be in the same financial position that it would have been in had the Finance
Parties recovered from it an amount equal to the Harmony Percentage (at the time of receipt
of the first such Relevant Amount) of the total amount so recoverable by the Finance Parties
from both Parties,
Parties recovered from it an amount equal to the Harmony Percentage (at the time of receipt
of the first such Relevant Amount) of the total amount so recoverable by the Finance Parties
from both Parties,
provided that neither Party shall be required to pay more to the other than the aggregate of the
Relevant Amounts received by it.
Relevant Amounts received by it.
10.
GENERAL CONDITIONS
10.1.
Whole Agreement
This Agreement constitutes the whole agreement between the Parties as to the subject
matter hereof and no agreements, representations or warranties between the Parties
regarding the subject matter hereof other than those set out herein are binding on the
Parties.
matter hereof and no agreements, representations or warranties between the Parties
regarding the subject matter hereof other than those set out herein are binding on the
Parties.
10.2.
Variation
No addition to or variation, consensual cancellation or novation of this Agreement and no
waiver of any right arising from this Agreement or its breach or termination shall be of any
force or effect unless reduced to writing and signed by the Parties or their duly authorised
representatives.
waiver of any right arising from this Agreement or its breach or termination shall be of any
force or effect unless reduced to writing and signed by the Parties or their duly authorised
representatives.
10.3.
Relaxation
No latitude, extension of time or other indulgence which may be given or allowed by either
Party to the other Party in respect of the performance of any obligation hereunder, and no
delay or forbearance in the enforcement of any right of either Party arising from this
Agreement, and no single or partial exercise of any right by such Party under this
Agreement, shall in any circumstances be construed to be an implied consent or election by
such party or operate as a waiver or a novation of or otherwise affect any of such Party's
rights in terms of or arising from this Agreement or estop or preclude such Party from
Party to the other Party in respect of the performance of any obligation hereunder, and no
delay or forbearance in the enforcement of any right of either Party arising from this
Agreement, and no single or partial exercise of any right by such Party under this
Agreement, shall in any circumstances be construed to be an implied consent or election by
such party or operate as a waiver or a novation of or otherwise affect any of such Party's
rights in terms of or arising from this Agreement or estop or preclude such Party from
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
7 -
enforcing at any time and without notice, strict and punctual compliance with each and
every provision or term hereof.
every provision or term hereof.
10.4.
Severability
The Parties agree that each and every provision of this Agreement is severable from the
remaining provisions of this Agreement and should any provision of this Agreement be in
conflict with any Applicable Laws, or be held to be unenforceable or invalid for any reason
whatsoever, such provision should be treated as pro non scripto and shall be severable from
the remaining provisions of this Agreement which shall continue to be of full force and
effect.
remaining provisions of this Agreement and should any provision of this Agreement be in
conflict with any Applicable Laws, or be held to be unenforceable or invalid for any reason
whatsoever, such provision should be treated as pro non scripto and shall be severable from
the remaining provisions of this Agreement which shall continue to be of full force and
effect.
10.5.
Independent Advice
Each of the Parties hereto acknowledges that it has been free to secure independent legal
and other advice as to the nature and effect of all of the provisions of this Agreement and
that it has either taken such independent legal and other advice or dispensed with the
necessity of doing so.
and other advice as to the nature and effect of all of the provisions of this Agreement and
that it has either taken such independent legal and other advice or dispensed with the
necessity of doing so.
10.6.
Limitation on liability
Neither of the Lenders, nor its officers, employees, agents or assigns shall be liable to the
other for any indirect, consequential, incidental or contingent damages, including but not
limited to a loss of profits arising out of a breach of this Agreement or any negligent act or
omission on its/their part or any cause whatsoever.
other for any indirect, consequential, incidental or contingent damages, including but not
limited to a loss of profits arising out of a breach of this Agreement or any negligent act or
omission on its/their part or any cause whatsoever.
10.7.
Survival of claims
The termination of this Agreement, for any cause whatsoever, shall not affect the right of a
Lender to recover from the other any amount due to that Lender on or before such
termination or in consequence thereof, or any other liability incurred by a Lender on or
before such termination or in consequence thereof or the right of a Lender to recover any
damages for breach of this Agreement.
Lender to recover from the other any amount due to that Lender on or before such
termination or in consequence thereof, or any other liability incurred by a Lender on or
before such termination or in consequence thereof or the right of a Lender to recover any
damages for breach of this Agreement.
10.8.
Assignment
Neither Party shall be entitled to cede and delegate or otherwise transfer all or any of its
rights, benefits and obligations under this Agreement without the prior written consent of
the other.
rights, benefits and obligations under this Agreement without the prior written consent of
the other.
11.
COUNTERPARTS
This Agreement may be executed in any number of separate counterparts by the Parties hereto,
each of which when so executed shall be deemed to be an original and all of which when taken
together shall constitute one and the same agreement.
each of which when so executed shall be deemed to be an original and all of which when taken
together shall constitute one and the same agreement.
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
8 -
12.
NOTICES
12.1.
Communications in writing
Any communication to be made under or in connection with Agreement shall be made in
writing and, unless otherwise stated, may be made by fax or letter (including electronic mail
or other electronic means).
writing and, unless otherwise stated, may be made by fax or letter (including electronic mail
or other electronic means).
12.2.
Addresses
The address and fax number (and the department or officer, if any, for whose attention the
communication is to be made) of each Party for any communication or document to be
made or delivered under or in connection with Agreement is:
communication is to be made) of each Party for any communication or document to be
made or delivered under or in connection with Agreement is:
12.2.1.
in the case of Harmony:
Harmony Gold Mining Company Limited
Address for Notices: Office of the Company Secretary, Corner Main Reef Road and
Xxxx Avenue, Randfontein, South Africa
Attention: The Company Secretary
Telephone: x00 00 000 0000
Fax: x00 00 000 0000
Email: xxxxxxxxxxxxxxxxxx@xxxxxxx.xx.xx
Address for Notices: Office of the Company Secretary, Corner Main Reef Road and
Xxxx Avenue, Randfontein, South Africa
Attention: The Company Secretary
Telephone: x00 00 000 0000
Fax: x00 00 000 0000
Email: xxxxxxxxxxxxxxxxxx@xxxxxxx.xx.xx
12.2.2.
in the case of ARM:
African Rainbow Minerals Limited
Address for Notices: 00 Xxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxxxx, Xxxxx Xxxxxx
Attention: Xxxxxxx Xxxx
Telephone: x00 00 000 0000
Fax: x00 00 000 0000
Email:
Address for Notices: 00 Xxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxxxx, Xxxxx Xxxxxx
Attention: Xxxxxxx Xxxx
Telephone: x00 00 000 0000
Fax: x00 00 000 0000
Email:
xxxxxxx.xxxx@xxx.xx.xx
or any substitute address or fax number or email address or department or officer as
either Party may notify to the other Party by not less than 5 Business Days’ notice, and
the Parties choose as their domicilia citandi et executandi their respective physical
addresses set out in (or as substituted as contemplated in) this clause for all purposes
arising out of or in connection with this Agreement.
either Party may notify to the other Party by not less than 5 Business Days’ notice, and
the Parties choose as their domicilia citandi et executandi their respective physical
addresses set out in (or as substituted as contemplated in) this clause for all purposes
arising out of or in connection with this Agreement.
12.3.
Delivery
12.3.1.
Any communication or document made or delivered by one Party to another under or in
connection with this Agreement will only be effective:
connection with this Agreement will only be effective:
12.3.1.1.
if by way of fax, when received in legible form;
12.3.1.2.
if by way of electronic mail, as set forth in clause 12.5; or
12.3.1.3.
if by way of letter, when it has been left at the relevant address or upon actual receipt;
and, if a particular department or officer is specified as part of its address details
provided under clause 12.2 (Addresses), if addressed to that department or officer.
provided under clause 12.2 (Addresses), if addressed to that department or officer.
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
9 -
12.4.
Notification of Address and Fax Number
Promptly upon changing its own address or fax number, the relevant Party shall notify the
other Party.
other Party.
12.5.
Electronic Communication
12.5.1.
Any communication to be made between the Parties under or in connection with the
Agreement may be made by electronic mail or other electronic means, if the Parties:
Agreement may be made by electronic mail or other electronic means, if the Parties:
12.5.1.1.
agree that, unless and until notified to the contrary, this is to be an accepted form of
communication;
communication;
12.5.1.2.
notify each other in writing of their electronic mail address and/or any other
information required to enable the sending and receipt of information by that
means; and
information required to enable the sending and receipt of information by that
means; and
12.5.1.3.
notify each other of any change to their address or any other such information
supplied by them.
supplied by them.
12.5.2.
Any electronic communication made between the Parties will be effective only when
actually received in readable form.
actually received in readable form.
12.6.
English Language
12.6.1.
Any notice given under, or in connection with, this Agreement must be in English.
12.6.2.
All other documents provided under, or in connection with this Agreement must be:
12.6.2.1.
in English; or
12.6.2.2.
if not in English, and if so required by the Lender, accompanied by a certified English
translation and, in this case, the English translation will prevail unless the document
is a constitutional, statutory or other official document.
translation and, in this case, the English translation will prevail unless the document
is a constitutional, statutory or other official document.
13.
GOVERNING LAW
This Agreement and any non-contractual obligations arising out of it or in connection with it
are governed by the law of the Republic of South Africa.
are governed by the law of the Republic of South Africa.
14.
JURISDICTION
The Parties submit to the non-exclusive jurisdiction of the High Court of South Africa, Gauteng
Local Division, Johannesburg (or any successor to that division) in respect of any matter arising
from or in the connection with this Agreement, including its termination.
Local Division, Johannesburg (or any successor to that division) in respect of any matter arising
from or in the connection with this Agreement, including its termination.
14.1.
Waiver of Immunity
Each Party irrevocably and unconditionally:
14.1.1.
agrees not to claim in any jurisdiction, for itself or in respect of its assets, immunity from
suit, execution, attachment (whether in aid of execution, before judgement or otherwise)
suit, execution, attachment (whether in aid of execution, before judgement or otherwise)
![background image](https://www.sec.gov/Archives/edgar/data/1023514/000120561316000327/ex4_64003n.gif)
-
10 -
or other legal process and waives such present or future immunity, whether claimed or
not; and
not; and
14.1.2.
consents generally to the giving of any relief or the issue of any process in connection
with any proceedings, including the making, enforcement or execution against any
property of any nature (irrespective of its use or intended use) of any order or judgement
which may be made or given in any proceedings.
with any proceedings, including the making, enforcement or execution against any
property of any nature (irrespective of its use or intended use) of any order or judgement
which may be made or given in any proceedings.
SIGNED at Sandton on this the 29th day of February 2016.
For and on behalf of
AFRICAN RAINBOW MINERALS LIMITED
/s/ XX Xxxxxxx
____________________________
Signatory: XX Xxxxxxx
Capacity: CEO
Who warrants his authority hereto
/s/ M Xxxxxx
____________________________
Signatory: M Xxxxxx
Capacity: Director
Who warrants his authority hereto
AFRICAN RAINBOW MINERALS LIMITED
/s/ XX Xxxxxxx
____________________________
Signatory: XX Xxxxxxx
Capacity: CEO
Who warrants his authority hereto
/s/ M Xxxxxx
____________________________
Signatory: M Xxxxxx
Capacity: Director
Who warrants his authority hereto
SIGNED at Muldersdrift on this the 1st day of March 2016.
For and on behalf of
HARMONY GOLD MINING COMPANY
LIMITED
/s/ Xxxxx Xxxxxx and Xxxxx Xxxxxxxxx
____________________________
Signatory: Xxxxx Xxxxxx and Xxxxx Xxxxxxxxx
Capacity: Directors
Who warrants his authority hereto
HARMONY GOLD MINING COMPANY
LIMITED
/s/ Xxxxx Xxxxxx and Xxxxx Xxxxxxxxx
____________________________
Signatory: Xxxxx Xxxxxx and Xxxxx Xxxxxxxxx
Capacity: Directors
Who warrants his authority hereto