Bid Implementation AgreementBid Implementation Agreement • May 8th, 2015
Contract Type FiledMay 8th, 2015Parties Bidder and Target Bidder Name Guangdong Rising H.K. (Holding) Limited Hong Kong Company Number 1352915 ARBN 148 961 344 Address C/- King & Wood Mallesons Level 61Governor Phillip Tower 1 Farrer PlaceSydney NSW 2000 Attention Paul Schroder paul.schroder@au.kwm.com+61 2 9296 2060 Target Name PanAust Limited ABN 17 011 065 160 Address C/- Herbert Smith FreehillsANZ Tower 161 Castlereagh Street Sydney NSW 2000 Attention Tony Damian tony.damian@hsf.com+61 2 9225 5784 Recitals A Bidder has made the Takeover Bid to acquire all of the Target Shares. B Bidder is proposing to announce a variation to the terms of the Takeover Bid to increase the consideration offered. C The Directors of Target are proposing to recommend the Bidder’s varied Takeover Bid in the absence of a Superior Proposal. D Target and Bidder have agreed to co-operate with each other in relation to the varied Takeover Bid on the terms of this agreement. Governing law Queensland, Australia Date of agreem