Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

NUFARM LIMITED Major Shareholding Notification 2011

May 12, 2011

65453_rns_2011-05-12_3d2e4ef6-9529-40ca-bf12-22da7fb3704e.pdf

Major Shareholding Notification

Open in viewer

Opens in your device viewer

20 June 40 Section

FACSIMILE TRANSMISSION

Aurora Place Level 41, 88 Phillip Street Sydney NSW 2000 Telephone: (61-2) 8272-0500 Facsimile: (61-2) 8272-0599

ļ

To: Name and title: Company Announcements Office
Organisation: ASX
Telephone no: Facsimile no: 1300 135 638
From: Name: Jonathan J. Halliwell
Telephone no: +61 2 8272 0512 Email: [email protected]
Ref:
Date: 13 May 2011
Number of pages (including this page) 28.
Subject: Form 604
Please find attached.

This communication is intended to be confidential to the person to whom it is addressed and it is subject to copyright protection. If you are not the intended recipient or the agent of the intended recipient or if you are unable to deliver this communication to the intended recipient, please do not read, copy or use this communication or show it to any other person, but notify the sender immediately by telephone at the number noted above.

ALKHOBAR • ATLANTA • BEUING • BOSTON • BRUSSELS • CHICAGO • CLEVELAND • COLUMBUS • DALLAS • DUBA!
FRANKFURT • HONG KONG • HOUSTON • IRVINE • JEDDAH • LONDON • LOS ANGELES • MARRID • MEXICO CITY
MILAN • MOSCOW • MUNICH • NE

$\mathbf{I}$

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder (Amended Version)

To Company Name/Scheme Nufarm Limited (Nufarm)

ACN/ARSN ACN 091 323 312

  1. Details of substantial holder (1) Name

.
Sumitomo Chemical Company, Limited (Sumitomo) on its own behalf and on behalf of each of its subsidiaries listed in Annexure 1 (Sumitomo Group)

ACN/ARSN (if applicable)

There was a change in the interests of the 10 May 2011
substantial holder on
The previous notice was given to the company on 28 May 2010
The previous notice was dated 26 May 2010

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when lest required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) Previous notice Present Notice
Person's votes Voting Power (5) Person's votes Voting power (5)
Ordinary shares 52,350.412 19.998% 56.855.146 21.71%
___

3. Changes in relevant interests

Description for the constructions of the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the r a courais or sever energie m, or energie m are named en, a recoverir medication are elemental medial or endows
substantial holder was last required to give a substantial holding notice to the company or scheme are as fol

Date of
change
Person whose
relevant interest
changed
Nature of change (6) Consideration given
in relation to change
Class and number of
securities affected
Person's votes
affected
2 June 2010 Sumitomo
Chemical Company
Limited
On market purchase \$27,551.88
(\$5.82 per ordinary
share)
4.734 ordinary shares 4,734
2 June 2010 Nufarm Limited On market purchase by
Sumitomo - as above
nta 4,734 ordinary shares 4.734
10 May
2011
Sumitomo
Chemical Company
Limited
Off market purchase of 4,453,498
ordinary shares from Falls Creek
No. 2 Pty Ltd pursuant to a Share
Purchase Agreement dated 10
May 2011 and an off market
purchase of 46,502 ordinary
shares from Grantall Pty Ltd
pursuant to a Share Purchase
Agreement dated 10 May 2011
Trades will be settled by an on-
market crossing.
Copies of these Share Purchase
Agreements have been provided
to the ASX with this notice in
accordance with 671B(4) of the
Corporations Act 2001 (Cth).
\$23,760,000.00
(\$5.28 per ordinary
share)
4,500,000 ordinary
shares
4.500.000
10 May
2011
Nufarm Limited Off market purchase by
Sumitomo – as above
n/a 4,500,000 ordinary
shares
4,500,000

$\ddot{\mathbf{4}}$ . Present relevant interests

$\alpha$ , we have the set of the matrix

Market School

average and state

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

$\ddot{\phantom{a}}$

Holder of
relevant
interest
Registered holder
at securities
Person entitled to be registered
as holder (8)
Nature of relevant
interest (6)
Class and number of
securities
Person's votes
Sumitomo
Chemical
Сотралу
Limited
Sumitomo
Chemical Company
Limited
Sumitomo Chemical Company
.imited
Registered holder 56,855,146 ordinary
shares
56.855.146

$\hat{A}$

$\alpha$ .

an me special continuing and

Nufarm Sumitomo Sumitomo Chemical Company
Limited Chemical Company Limited Nufarm has a relevant 56,855,146 ordinary 56,855,146
Limited interest in the shares shares
held by Sumitomo.
The relevant interest
anses under a
Shareholder Deed
dated 22 January
2010 between Nufarm
and Sumitomo which
contains certain
obligations relating to
the voting and
disposal of shares in
Nufarm by Sumitomo.
A copy of the
Shareholder Deed was
provided to the ASX
on 1 February 2010
and sent to Nufarm
shareholders for the
purpose of the
extraordinary general
meeting held on 2
March 2010.

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to the voting interests in the company or scheme are as follows.

. ACN/ ARSN (if:
Name and
i applicable
Nature of association
Not applicable ___
Mat
apolicable

6. Addresses

The addresses of persons named in this form are as follows:

Name Address
Sumitomo Chernical Company. 27-1
. -1. Shinkawa 2-chome, Chuo-ku, Tokyo 104-8260, Japan
Limited
Nufarm Limited H 103-105 Pipe Road, Laverton North, Victoria 3026

Signature

Service St

and the control

of billenathesperant communication

print name Kenjiro Fukubayashi

K. Fakubayarts sign here

$\sim$

capacity: Authorised Representative

date May 10, 2011

$\mathcal{O}(n^{2} \cdot \mathbb{Z}) = \mathcal{O}(2.2222999296226626666666666666666666666$

DIRECTIONS

  • If there are a number of substantial holders with similar or related relevant Interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ equity trust), the names could be induded in an annea or relation the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically nemed group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
  • See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
  • See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
  • $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
  • The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
  • $(6)$ Include details of:

$\sim$

Albana (Suthaman)

  • cans of.
    any relevant agreement or other circumstances by which the relevant interest occured. If subsection 671B(4) applies, a copy of any document setting out the $(a)$ terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  • Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled $(7)$ Details of the consideration mast matrix any and an determination and writer, and any person mormal consideration and contingency. Details must be included of
    to receive in relation to that acquisition, Details must be inc any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant Interest was acquired.
  • If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown". $(8)$
  • Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

Annexure A

This is Annexure A of 2 pages referred to in the Form 604 (Notice of change of interests of substantial holder) signed by me and dated May 10,

K. Fukutayar

As authorised representative of Sumitomo Chemical Company, Limited. The following persons are substantial holders by virtue of being associates of each other, pursuant to section 12(2)(a)(i),(ii) and (iii), section $12(2)(b)$ or section $12(2)(c)$ of the Corporations Act 2001: Asahi Chemical Co

Asam Orientical CO 0
Sumika Acryl Co., Ltd ٥
Sunika Alchem Co., Ltd û
Sumika High-Purity Gas Company (*)
Sumika Bayer Urethane Co., Ltd
Ceratec Co., Ltd 0
Nihon Ammonia Terminal Co., Ltd
Nihon Methacryl Monomer Co., Ltd
Sumitorno Chemical Singapore Pte, Ltd 0
Singapore Methyl Methacrylate Pte Ltd
Sumipex (Thailand) Co., Ltd
Sumipex TeckSheet Co., Ltd 0
Thermo Co., Ltd Ō
San Terra Co., Ltd
Sumika-kakoushi Co., Ltd 0
Sumika Color Co., Ltd
Sumika Middle East Co., Ltd 0
Sumika Plastech Co., Ltd 0
Sumika Rabigh Industrial Park Development 0
Company, Limited
Sumika Styron Polycarbonate Limited
Japan Aldehyde Co., Ltd
Nippon A&L Inc
Nihon Oxirane Co., Ltd
NOC Asia Limited
Japan-Singapore Petrochemicals Co., Ltd
Nihon Singapore Polyoletin Co., Ltd
Petrochemicals Corporation of Singapore (Pte)
Ltd
Phillips Sumika Poly propylene Company
Sumika Polymers America Corporation
The Polyoletin Company (Singapore) Pte Ltd
Zhuhai Sumika Polymer Compounds Co., Ltd
Sumika Polymer Compounds America inc
Sumika Polymer Compounds (Thailand) Co., Ltd
Sumika Polymer Compounds Europe Limited
Sumitomo Chemical Polymer Compounds Saudi
Arabia Co. Ltd
Sumitomo Chemical Asia Pte Ltd
Rabigh
Conversion
Industry Management
٥
Services Company
Sumika Chemtex Co., Ltd 0
Sumitomo Chemical Europe S.A/N.V 0
Bara Chemical Co., Ltd
O.L.S.Co., Ltd
Sumika-Radel Company
Sumika Huabrei Electronic Materials (Beijing) 0
Co., Ltd
Cambridge Display Technology Ltd 0
EGS Co., Ltd 0
Nihama Coal Center Co., Ltd
Chiba General Service Co., Ltd 0

a mortal personal control

الموقوع والمتعادين

e al fan

TENNING DE

$\bar{z}$

aad wurdt

$\sim$ $\sim$

Sumika Electronic Materials (Shanghai) Co., Ltd
Sumika Electronic Materials (Hefei) Co., Ltd
Sumika Electronic Materials (Shenzhen) Co., Ltd
Sumika Electronic Materials (Wuxi) Co., Ltd 0
Sumika Electronic Materials Trading (Shanghai) ö
Co., Ltd
Sumika Technology Co., Ltd
Dongwoo Fine-Chem Co., Ltd
0
Dongwoo Fine-Chem Slovakia, S.I.O 0
Sumika Electronic Materials, Inc. Ó
Sumika Electronic Materials Poland Sp. Zoo 0
Sumika Agro Manufacturing Ltd
Sumika Enviro Science Co., Ltd ٥
Sumitomo Chemical Garden Products Inc. ٥
Sunika Agrotech Co., Ltd 0
Sumika Life Tech Co., Ltd 0
Nihon Ecoagro Co., Ltd 0
Nico Green & Garden Co., Ltd O
Yashima Sangyo Co., Ltd 0
Rainbow Chemical Co., Ltd
KenoGrad S.A.
Shanghai life Tech Household Products Co., Ltd
Sumitomo Chemical Agro Seoul, Ltd 0
Sumitomo Chemical Agro Europe S.A.S 0
Sumitomo Chemical India Private Limited Ō
Sumitorno Chemical Enviro-Agro Asia Pacific 0
Sdn, Bhd, 0
Sumitomo Chemical Australia Pty Ltd
Sumitomo Chemical (Shanghai) Co., Ltd 0
0
Sumitomo Chemical (Thailand) Co., Ltd 0
Sumitomo Chemical Taiwan Co., Ltd Ó
Sumitomo Chemical Philippinces, Incorporated 0
Sumitomo Chemical Do Brazil Representacoes ٥
Ltds
Sumitomo Chemical Vietnam Co., Ltd 0
Sumitomo Chemical (UK) plc 0
SC Enviro Agro India Private Limited 0
New Chemi Industries ٥
Philagro South Africa (Pty) Ltd
Sumitomo Chemical Italia s.r.l. 0
Philagro France S.A.S
Philagro Holding S.A.
Valent USA Corp 0
Valent Biosciences Corp 0
Dalian Sumika Chemphy
Dallan Sumika Jingang Chemicals Co Ltd
Nihon Medi-Physics Co., Ltd
Sumika Finance Co., Ltd 0
Sumitomo Chemical Capital America, Inc. 0
Sumika logistics Co., Ltd 0

$\alpha$ , $\alpha$ , $\alpha$

$\hat{\alpha}_{\rm eff}$

$\alpha$ and matrices are $\alpha$ . $\beta$

$\overline{\mathbf{1}}$

JONES DAY

13/05/11 11:09 Pg: 6/28
---------- ------- -- ----------
Osaka General Service Co., Ltd. 0
Sumika Assembly Techno Co O
Sumika Tecnhoservice Corporation 0
Ohita General Services Co., Ltd 0
Ciatec, Ltd ٥
Sumika Technical Information Service, Inc. 0
Sumika Chemical Analysts Service, Ltd 0
Sumitomo Chemical Engineering Co., Ltd o
Sumitomo Chemical Intellectual Poperty Service,
Ltd
0
Sumitomo Chemical America, Inc. ٥
Sumitomo Joint Electronic Power Co., Ltd. Ō
Sumitomo Chemical Systems Service Co., Ltd ō
Sumika Real Estate Co., Ltd 0
S.C.C Insurance Pte, Ltd Ů
Career Support Co., Ltd
Sumika Human Support Co., Ltd o
Keiyo Ethylene Co., Ltd
Chiba Styrene Monomer Limited Company
Tobu Butadiene Co., Ltd
Nihon Isobutylebe Co., Ltd
Evolue Japan Co., Ltd
Sumika Fukuel Aguro K.K
T S Agro K.K
Vector Health International Limited
AstraZeneca K.K
Rabigh Refining and Petrochemical Co
Koei Chemical Co., Ltd
Taoka Chemical Co., Ltd
Dainipoon Sumitomo Pharma Co., Ltd
Shinto Paint Co., Ltd
Sumitomo Seika Chemicals Co., Ltd
Sumitomo Bakelite Co., Ltd.

$\mathbf{L} = \mathbf{R}$

to the control

"0" denotes wholly owned subsidiary

والمرمان والمتهرمين والموقاة

COMMISSION

$\alpha\alpha\equiv\alpha\alpha\beta$

daa bin o

$\mu_{\rm M}$

$\ldots$

Park Off

$\mathcal{A}$

Share Purchase Agreement

Falls Creek No.2 Pty Ltd ACN 053 284 585 (Seller)

Sumitomo Chemical Company, Limited (Purchaser)

Jones Day Aurora Place Level 41, 88 Phillip Street Sydney NSW 2000
Tel: 61 2 8272 0500 Fax: 61 2 8272 0599

www.jonesday.com

SY1-37-980/5

Table of contents

1. Definitions and interpretation
1.1
1.2
1.3
Definitions
Interpretation
Governing law
2. Sale of Sale Shares and grant of Option
2.1 Sale of Sale Shares
3. Purchase Price
3.1 Amount and payment
4. Completion
4.1
4.2
4.3
4.4
Time and place for Completion
Seller's completion obligations
Purchaser's completion obligations
Proxy
5. Representations and warranties
5.1
5.2
5.3
5.4
Seller's representations and warranties
Purchaser's representations and warranties
Seller's indemnity
Purchaser's indemnity
6. General
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
6.10
Further acts
Notices
Jurisdiction
Amendment
Walver
Assignment
Counterparts
Merger
Public announcements
Expenses

$$Y1-37440v5$

. I rainefficial anticorporation

$-17.14$

Thare sale agreement dated 10 May 2011
----------------------------------- -- -- ------

Parties

Fatis Creek No.2 Pty Ltd ACN 053 284 585 ("Seller")

Sumitomo Chemical Company, Limited ("Purchaser")

Background

The Seiler is the legal and beneficial owner of the Sale Shares. Α.

  1. The Seller has agreed to sell and the Purchaser has agreed to purchase the Sale Shares upon the terms and conditions contained in this Agreement.

Operative provisions

$\mathbf{1}$ . Definitions and interpretation

$1.1$ Definitions

In this Agreement:

"Act of insolvency" means the occurrence of any of the following events or circumstances:

  • $(a)$ a party is dissolved (other than pursuant to a solvent consolidation, reconstruction, amalgamation or merger); or
  • $(D)$ a party becomes insolvent or is unable to pay all its debts as and when they become due and payable; or
  • $(c)$ a party makes a general assignment, arrangement, reorganisation or composition with or for the benefit of its creditors; or
  • $(d)$ a party has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a solvent consolidation, reconstruction, amalgamation or merger); or
  • a party seeks or becomes subject to the appointment of an administrator, $(e)$ provisional liquidator, conservator, receiver or other similar official for it or for all or substantially all its assets; or
  • $(f)$ a party has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 90 days thereafter; or
  • (g) a party takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts.

"ASX Settlement Operating Rules" means the settlement rules of ASX Settlement Pty Ltd, the body which operates the CHESS system in Australia for the purpose of settling transactions in certain financial products.

"Business Day" means a day (not being a Saturday, Sunday or a public holiday) on which banks are open for business in Sydney, Australia and Tokyo, Japan.

"CHESS" means the Clearing House Electronic Subregister System.

"CHESS Subregister" has the meaning given in the ASX Settlement Operating Rules.

SY1-3748.93

"Completion" means completion of the sale and purchase of the Sale Shares in accordance with the terms of this Agreement.

"Controlling Participant" means the Participant that has the capacity in CHESS to transfer the Sale Shares.

"Encumbrance" means any mortgage, charge, piedge, lien, encumbrance, assignment, hypothecation, security interest, title retention, preferential right, trust arrangement, contractual right of set-off or any other security agreement or arrangement in favour of any person.

"HIN" has the meaning given in the ASX Settlement Operating Rules.

"Immediately Available Funds" means cash, bank cheque, electronic funds transfer, or such other method agreed by the parties.

"Inside Information" has the meaning given to that term in Section 1042A of the Corporations Act 2001 (Cth).

"Issuer Sponsored Holding" has the moaning given in the ASX Settlement Operating Rules.

"Issuer Sponsored Subregister" has the meaning given in the ASX Settlement Operating Rules.

"Nufarm" means Nufarm Limited.

"Participant" means a participant as defined in the ASX Settlement Operating Rules.

"Purchase Price" means \$23,514,469.44, being the price for the Salo Shares based on the volume weighted average price at which shares in Nufarm Limited traded during the 3 month period ending at the end of April 2011.

"Related Body Corporate" has the meaning given in section 9 of the Corporations Act 2001 $(Cth)$ .

"Sale Shares" means 4,453,498 shares in the capital of Nufarm.

"SRN" has the meaning given in the ASX Settlement Operating Rules.

"State" means the State of New South Wales.

"Transaction" means the sale and the purchase of the Sale Shares effected by and contemplated by this Agreement.

$1.2$ Interpretation

in this Agreement:

$(a)$ headings are for convenience only and do not affect interprotation;

and unless the context indicates a contrary intention:

  • $(b)$ the expression "person" includes an individual, the estate of an individual, a corporation, an authority, an association or a joint venture (whether incorporated or unincorporated), a partnership and a trust;
  • a reference to any party includes that party's executors, administrators, successors $(c)$ and permitted assigns and transferees, including any person taking by way of novation;
  • $(d)$ a reference to any document (including this Agreement) is to that document as varied, novated, ratified or replaced from time to time;

NYCLOWIOS

  • $(e)$ a reference to any statute or to any statutory provision includes any statutory modification or re-enactment of it or any statutory provision substituted for it, and all ordinances, by-laws, regulations, rules and statutory instruments (however described) issued under it;
  • $\langle f \rangle$ words importing the singular include the plural (and vice versa), and words indicating a gender include every other gender:
  • references to parties, clauses, schedules, exhibits or annexures are references to $(g)$ parties, clauses, schedules, exhibits and annexures to or of this Agreement, and a reference to this Agreement includes any schedule, exhibit or annexure to this Agreement:
  • $(r1)$ where a word or phrase is given a defined meaning, any other part of speech or grammatical form of that word or phrase has a corresponding meaning:
  • $\left( i\right)$ references to payments to any party to this Agreement include payments to another person upon the direction of such party;
  • $\langle \rangle$ all payments to be made under this Agreement will be made in Immediately Available Funds.
  • $(k)$ the word "includes" in any form is not a word of limitation; and
  • $\langle \cdot |$ a reference to "AUD", "\$" or "dollar" is to Australian currency.

$1.3$ Governing law

This Agreement is governed by and will be construed according to the laws of the State.

$\mathbf{2}$ Sale of Sale Shares

$2.1$ Sale of Sale Shares

The Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Sale Shares together with all rights attached to them, for the Purchase Price free and clear of all Encumbrances and other third party rights, on and with effect from Completion. on the terms of this Agreement.

3. Purchase Price

$3.1$ Amount and payment

The price payable for the Sale Shares is the Purchase Price, which is payable in accordance with Clause 4.3.

4. Completion

$4.1$ Time and place for Completion

Completion will take place immediately following the signing of this Agreement at Level 41. Aurora Place, 88 Phillip Strect, Sydney NSW 2000.

$4.2$ Seller's completion obligations

At Completion, the Seller must give the Purchaser all relevant details for the Saie Shares including:

SYS/37-00-2

  • $(a)$ if the Sale Shares are on an Issuer Sponsored Subregister:
  • $\langle i \rangle$ a transfer of the Sale Shares duly exccuted by the Seller in a form recommended by the Securities Registrars Association of Australia Inc: and
  • $(ii)$ a copy of the Seller's Issuer Sponsored Holding statement showing the holding of those Sale Shares and its SRN; or
  • $(b)$ if the Sale Shares are on a CHESS Subregister:
  • $\langle i \rangle$ the Seller's HIN; and
  • $(ii)$ the Seller's written instruction to its Controlling Participant to deliver those Sale Shares to the Purchaser.

and procure the performance of all that is required under the ASX Settlement Operating Rules to enable the Sale Shares to be acquired by the Purchaser.

4.3 Purchaser's completion obligations

At Completion, the Purchaser must pay the Purchase Price to the Seller (or as the Seller directs) in immediately Available Funds into the account specified below:

Account name: Arnold Bloch Leibler Trust Account
Account number: 7750 69804
Bank: ANZ Banking Group Ltd
Branch: 388 Collins Street, Melbourne
BSB: 013 006
Swift code: ANZBAU3M

4.4 Proxy

From Completion until the Sale Shares are registered in the name of the Purchaser, the Seller must:

  • $(a)$ appoint the Purchaser as the sole proxy of the Seller in respect of the Sale Shares to attend Nufarm member meetings and exercise the votes attaching to the Sale Shares:
  • not vote the Sale Shares at any Nufarm meetings; and $(b)$
  • $\left($ c) take all other action in the capacity of a registered holder of the Sale Shares as the Purchaser directs.

$5.$ Representations and warranties

$5.1$ Seller's representations and warranties

The Seller, acknowledging that the Purchaser is entering into this Agreement in reliance upon the same, represents and warrants on Completion that:

  • $(a)$ it is duly incorporated and validly existing under the laws of Australia;
  • $(b)$ it has the power to enter into this Agreement and comply with its obligations hereunder in accordance with the terms of this Agreement and has taken all necessary action to authorise the entry into this Agreement;

SYI-37490v5

ļ

$\sqrt{ }$

  • this Agreement constitutes its legal, valid, binding and enforceable obligations; $\langle c \rangle$
  • the entry into and performance by it of, and the Transaction, does not and will not $(d)$ conflict with:
  • $(i)$ any law or regulation applicable to it;
  • $(ii)$ ils constitutional documents; or
  • fiii) any agreement or instrument binding upon it or any of its assets;
  • the Seller is the legal and beneficial owner of the Sale Shares which will, at $(e)$ Completion, be free of any Encumbrance and other third party rights and interests. and the Seller has complete and unrestricted power and right to sell, assign and fransfer the Sale Shares to the Purchaser;
  • the Sale Shares are fully paid up; $(t)$
  • $(g)$ no Act of Insolvency has occurred in relation to it:
  • the Seller is not in possession of any Inside Information; and $(h)$
  • there are no outstanding options, contracts, calls, first refusals, commitments, rights $(i)$ or demands of any kind relating to the Sale Shares, nor does any person have any rights of pro-emption in respect of any of the Sale Shares and the Seller has not entered into any agreement or commitment to create any of the foregoing.

$5.2$ Purchaser's representations and warranties

The Purchaser, acknowledging that the Seller is entering into this Agreement in reliance upon the same, represents and warrants on Completion that:

  • It is duly incorporated and validly existing under the laws of Japan; $(a)$
  • $(b)$ it has the power to enter into this Agreement and comply with its obligations hereunder in accordance with the terms of this Agreement and has taken all necessary action to authorise the entry into this Agreement;
  • $(c)$ this Agreement constitutes its legal, valid, binding and enforceable obligations;
  • the entry into and performance by it of, and the Transaction, does not and will not $(d)$ conflict with:
  • $\left( i\right)$ any law or regulation applicable to it;
  • $(i)$ its constitutional documents; or
  • $(3)$ any agreement or instrument binding upon it or any of its assets; and
  • $(e)$ no Act of Insolvency has occurred in relation to it.

$5.3$ Seller's indemnity

The Seller indemnifies the Purchaser against any loss suffered or incurred by the $(a)$ Purchaser by reason of any breach of this Agreement by the Seller.

5.4 Purchaser's indemnity

The Purchaser indemnifies the Seller against any loss suffered or incurred by the Seller by reason of any breach of this Agreement by the Purchaser.

6. General

$6.1$ Further acts

Each party will promptly do and perform all further acts and execute and deliver all further documents (in form and content reasonably satisfactory to that party) required by law or reasonably requested by any other party to give effect to this Agreement.

$6.2$ Notices

Any communication under or in connection with this Agreement:

  • $(a)$ must be in writing:
  • $(b)$ must be addressed as shown below;

if to the Seller:

Name: Falls Creek No.2 Ptv Ltd

Address: 38 Edwards Street, Essendon 3040

For the attention of: Doug Rathbono, and

if to the Purchaser:

  • Name: Sumitomo Chemical Company, Limited
  • Address: 27-1 Shinkawa 2-chome, Chuo-ku, Tokyo 104-8260 Japan

Fax no: 81-3-5543-5929

For the attention of: Planning & Coordination Office, Health & Crop Sciences Sector

  • (or as otherwise notified by that party to the other party from time to time);
  • $\left( c\right)$ must be signed by the party making the communication or (on its behalf) by the solicitor for, or by any attorney, director, secretary, or authorised signatory of, that party;
  • $(d)$ must be delivered or posted by registered mail to the address, or sent by fax to the number, of the addressee, in accordance with clause 6.2; and
  • $(e)$ will be deemed to be recaived by the addressee:
  • $(i)$ in the case of registered mail, on the third Business Day after the date of posting to an address within Australia, and on the fifth Business Day after the date of posting to an address outside Australia:
  • $(0)$ in the case of fax, at the local time (in the place of receipt of that fax) which then equates to the time at which that fax is sent as shown on the transmission report which is produced by the machine from which that fax is sent and which confirms transmission of that fax in its entirety, unless that local time is a non-Business Day, or is after 5.00 pm on a Business Day, in which event that communication will be deemed to be received at 9.00 am on the next Business Day; and
  • $(iii)$ in the case of delivery by hand, on delivery at the address of the addressee as provided in clause 6.2 unless that delivery is made on a

SY1-37490v5

. Maraika asila

$\overline{I}$

۱

non-Business Day, or after 5.00 pm on a Business Day, when that communication will be deemed to be received at 9.00 am on the next Business Day.

6.3 Jurisdiction

  • Each party irrevocably submits to the non-exclusive jurisdiction of the courts of the $(a)$ State, and the courts competent to determine appeals from those courts, with respect to any proceedings which may be brought at any fime relating in any way to this Agreement.
  • Each party irrevocably waives any objection it may now or in the future have to the $(b)$ venue of any proceedings, and any claim it may now or in the future have that any proceedings have been brought in an inconvenient forum, where that vonue falls within paragraph (a) of this clause.

$6.4$ Amendment

This Agreement may only be varied by a document signed by or on behalf of each of the parties.

$6.5$ Waiver

  • $(a)$ Failure to exercise or enforce or a delay in exercising or enforcing or the partial exercise or enforcement of any right, power or ramedy provided by law or under this Agreement by any party will not in any way preclude, or operate as a waiver of, any exercise or enforcement, or further exercise or enforcement of that or any other right, power or remedy provided by law or under this Agreement.
  • $(b)$ Any waiver or consent given by any party under this Agreement will only be effective and binding on that party if it is given or confirmed in writing by that party.
  • $(c)$ No waiver of a breach of any term of this Agreement will operate as a waiver of another breach of that term or of a breach of any other term of this Agreement.

6.6 Assignment

  • $(a)$ Except as permitted by clause 6.6(b), a party may not assign, novate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other party.
  • $(b)$ The Purchaser may assign or transfer any of its rights under this Agreement to its Related Body Corporate or its third party finance provider, without the prior written consent of the Seller.

6,7 Counterparts

This Agreement may be executed in any number of counterparts and by the parties on separate counterparts. Each counterpart constitutes an original of this Agreement, all of which together constitute one agreement.

6.8 Merger

No right or obligation of any party will merge on Completion. All rights and obligations under this Agreement survive the execution and delivery of any transfer or other document which implements the Transaction,

SYL37490v5

6.9 Public announcements

Following the signing of this Agreement, each of the parties will make the disclosure required
by, and in accordance with, Part 6C.1 of the Corporations Act and co-operate to ensure that
any substantial holder obligations

6.10 Expenses

Each party will pay its own costs and expenses in connection with the negotiation, preparation, execution, and performance of this Agreement.

KJ
QR

Ţ

SYI-37400v3

1970

  1. a

Fax sent by : 61 2 8272 0599 JONES DAY

ł)

$\mathcal{F} \rightarrow \mathcal{F}$

Signed as an agreement.

Executed by Fails Creek No.2 Pty Ltd by:

ak Director

Douglas donn RatyBonte. Name of Director in full

Executed by Sumitomo Chemical Company, Limited by:

Authorised Signatory

Kenjiro Fukubayashi Director & Senior Managing Executive Officer Name of Authorised Signatory in full

Signature of Director/Secretary

Name of Director/Secretary in full

Signature of Authorised Signatory

Name of Authorised Signatory in full

SYL37490v5

L.

$\boldsymbol{z}$

Share Purchase Agreement

Grantail Pty Ltd ACN 005 524 854 (Seller)

Sumitomo Chemical Company, Limited (Purchaser)

Jones Day Aurora Place Level 41, 88 Phillip Street Sydney NSW 2000
Tel: 61 2 8272 0500 Fax: 61 2 8272 0599

www.jonesday.com

k II
OJK

SYI-37490v5

$\epsilon_{\rm{max}}=2$

Table of contents

1. Definitions and interpretation
11
12
1.3
Definitions
Interpretation
Governing law
2. Sale of Sale Shares and grant of Option
2.1 Sale of Sale Shares
3. Purchase Price
3.1 Amount and payment
4. Completion
4.1
4.2
4.3
44
Time and place for Completion
Seller's completion obligations
Purchaser's completion obligations
Proxy
5. Representations and warranties
5.1
5.2
5.3
5.4
Seller's representations and warranties
Purchaser's representations and warranties
Seller's indemnity
Purchaser's indemnity
6. General
6.1
6.2
6.3
6.4
6.5
6.6
6.7
68
6.9
6.10
Further acts
Notices
Jurisdiction
Amendment
Waiver
Assignment
Counterparts
Merger
Public announcements
Expenses

SYI-37490v5

the contract of

والمستعمر

J. j

Share sale agreement dated $\int_{O} M_{\alpha}$ $_{2011}$

Parties

Grantali Pty Ltd ACN 005 524 854 ("Seller")

Sumitomo Chemical Company, Limited ("Purchaser")

Background

А. The Seller is the legal and beneficial owner of the Sale Shares.

В. The Seller has agreed to sell and the Purchaser has agreed to purchase the Sale Shares upon the terms and conditions contained in this Agreement.

Operative provisions

1. Definitions and Interpretation

$1.1$ Definitions

In this Agreement:

"Act of insolvency" means the occurrence of any of the following events or circumstances:

  • a party is dissolved (other than pursuant to a solvent consolidation, reconstruction, $(a)$ amalgamation or morger); or
  • a party becomes insolvent or is unable to pay all its debts as and when they $(b)$ become due and pavable; or
  • $\left( c \right)$ a party makes a general assignment, arrangement, reorganisation or composition with or for the benefit of its creditors; or
  • $(d)$ a party has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a solvent consolidation, reconstruction, amalgamation or merger); or
  • a party seeks or becomes subject to the appointment of an administrator, $(e)$ provisional liquidator, conservator, receiver or other similar official for it or for all or substantially all its assets; or
  • $(1)$ a party has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 90 days thereafter; or
  • a party takes any action in furtherance of, or indicating its consent to, approval of, $\langle g \rangle$ or acquiescence in, any of the foregoing acts.

"ASX Settlement Operating Rules" means the settlement rules of ASX Settlement Pty Ltd, the body which operates the CHESS system in Australia for the purpose of settling transactions in certain financial products.

"Business Day" means a day (not being a Saturday, Sunday or a public holiday) on which banks are open for business in Sydney, Australia and Tokyo, Japan.

"CHESS" means the Clearing House Electronic Subregister System.

"CHESS Subregister" has the meaning given in the ASX Settlement Operating Rules.

S.Y: 37490x5

"Completion" means completion of the sale and purchase of the Sale Shares in accordance with the terms of this Agreement.

"Controlling Participant" means the Participant that has the capacity in CHESS to transfer the Sale Shares.

"Encumbrance" means any mortgage, charge, pledge, lien, encumbrance, assignment, hypothecation, security interest, title retention, preferential right, trust arrangement, contractual right of set-off or any other security agreement or arrangement in favour of any person.

"HIN" has the meaning given in the ASX Settlement Operating Rules.

"Immediately Available Funds" means cash, bank cheque, electronic funds transfer, or such other method agreed by the parties.

"Inside Information" has the moaning given to that term in Section 1042A of the Corporations Act 2001 (Cth).

"Issuer Sponsored Holding" has the meaning given in the ASX Settloment Operating Rules.

"Issuer Sponsored Subregister" has the meaning given in the ASX Settlement Operating Rules.

"Nufarm" means Nufarm Limited.

"Participant" means a participant as defined in the ASX Settlement Operating Rules.

"Purchase Price" means \$245,530.56 being the price for the Sale Shares based on the volume weighted average price at which shares in Nufarm Limited traded during the 3 month period ending at the end of April 2011.

"Related Body Corporate" has the meaning given in section 9 of the Corporations Act 2001 $(Cth)$ .

"Sale Shares" means 46.502 shares in the capital of Nufarm.

"SRN" has the meaning given in the ASX Settlement Operating Rules.

"State" means the State of New South Wales.

"Transaction" means the sale and the purchase of the Sale Shares effected by and contemplated by this Agreement.

$1.2$ Interpretation

In this Agreement:

$(a)$ headings are for convenience only and do not affect interpretation;

and unless the context indicates a contrary intention:

  • $(b)$ the expression "person" includes an individual, the estate of an individual, a corporation, an authority, an association or a joint venture (whether incorporated or unincorporated), a partnership and a trust;
  • $(c)$ a reference to any party includes that party's executors, administrators, successors and permitted assigns and transferees, including any person taking by way of novation:
  • (d) a reference to any document (including this Agreement) is to that document as varied, novated, ratified or replaced from time to time;

SYLS7490s5

  • $(e)$ a reference to any statute or to any statutory provision includes any statutory modification or re-enactment of it or any statutory provision substituted for it, and all ordinances, by-laws, regulations, rules and statutory instruments (however described) issued under it;
  • words importing the singular include the plural (and vice versa), and words 1f) indicating a gender include every other gender:
  • references to parties, clauses, schedules, exhibits or annexures are reforences to $\left( q\right)$ parties, clauses, schedules, exhibits and annexures to or of this Agreement, and a reference to this Agreement includes any schedule, exhibit or annexure to this Agreement.
  • where a word or phrase is given a defined meaning, any other part of speech or $(h)$ grammatical form of that word or phrase has a corresponding meaning;
  • $(1)$ references to payments to any party to this Agreement include payments to another person upon the direction of such party;
  • $\langle j \rangle$ all payments to be made under this Agreement will be made in Immediately Available Funds:
  • $(k)$ the word "includes" in any form is not a word of limitation; and
  • a reference to "AUD", "\$" or "dollar" is to Australian currency. $\omega$

$1.3$ Governing law

This Agreement is governed by and will be construed according to the laws of the State.

2. Sale of Sale Shares

$2.1$ Sale of Sale Shares

The Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Sale Shares together with all rights attached to them, for the Purchase Price free and clear of all Encumbrances and other third party rights, on and with effect from Completion, on the terms of this Agreement.

З. Purchase Price

$3.1$ Amount and payment

The price payable for the Sale Shares is the Purchase Price, which is payable in accordance with Clause 4.3.

4. Completion

$4.1$ Time and place for Completion

Completion will take place immediately following the signing of this Agreement at Level 41, Aurora Place, 88 Phillip Street, Sydney NSW 2000.

$4.2$ Seller's completion obligations

At Completion, the Seller must give the Purchaser all relevant details for the Sale Shares including:

SYT-37490vS

  • $(a)$ if the Sale Shares are on an Issuer Sponsored Subregister:
  • a transfer of the Sale Shares duly executed by the Seller in a form $\langle$ i) recommended by the Securities Registrars Association of Australia Inc: and
  • $(i)$ a copy of the Seller's Issuer Sponsored Holding statement showing the holding of those Sale Shares and its SRN; or
  • $(b)$ if the Sale Shares are on a CHESS Subregister:
  • $(i)$ the Selfer's HIN; and
  • the Seller's written instruction to its Controlling Participant to deliver $(i)$ those Sale Shares to the Purchaser,

and procure the performance of all that is required under the ASX Settlement Operating Rules to enable the Sale Shares to be acquired by the Purchaser.

$4.3$ Purchaser's completion obligations

At Completion, the Purchaser must pay the Purchase Price to the Seller (or as the Seller directs) in immediately Available Funds into the account specified below:

Account name: Arnold Bloch Leibler Trust Account
Account number: 7750 69804
Bank: ANZ Banking Group Ltd
Branch: 388 Collins Street, Melbourne
BSB: 013 006
Swift code: ANZBAU3M

4.4 Proxy

From Completion until the Sale Shares are registered in the name of the Purchaser, the Seller must:

  • $(a)$ appoint the Purchaser as the sole proxy of the Seller in respect of the Sale Shares to attend Nufarm member meetings and exercise the votes attaching to the Sale Shares:
  • $(b)$ not vote the Sale Shares at any Nufarm meetings; and
  • take all other action in the capacity of a registered holder of the Sale Shares as the $\left($ c $\right)$ Purchaser directs.

5. Representations and warranties

$5.1$ Seller's representations and warranties

The Seller, acknowledging that the Purchaser is entering into this Agreement in reliance upon the same, represents and warrants on Completion that:

  • it is duly incorporated and vaildly existing under the laws of Australia; $(a)$
  • $(b)$ it has the power to enter into this Agreement and comply with its obligations hereunder in accordance with the terms of this Agreement and has taken all necessary action to authorise the entry into this Agreement;

SYL2780-9

  • $(c)$ this Agreement constitutes its legal, valid, binding and onforceable obligations;
  • $(d)$ the entry into and performance by it of, and the Transaction, does not and will not conflict with:
  • $\langle i \rangle$ any law or regulation applicable to it;
  • $(0)$ its constitutional documents: or
  • $\langle$ iii) any agreement or instrument binding upon it or any of its assets;
  • the Seller is the legal and beneficial owner of the Sale Shares which will, at $(e)$ Completion, be free of any Encumbrance and other third party rights and interests, and the Seller has complete and unrestricted power and right to sell, assign and transfer the Sale Shares to the Purchasor;
  • $(f)$ the Sale Shares are fully paid up;
  • no Act of Insolvency has occurred in relation to it: $(q)$
  • the Seller is not in possession of any Inside Information; and $(h)$
  • $\langle$ i) there are no outstanding options, contracts, calls, first refusals, commitments, rights or demands of any kind relating to the Sale Shares, nor does any person have any rights of pre-emption in respect of any of the Sale Shares and the Seller has not entered into any agreement or commitment to create any of the foregoing.

5.2 Purchaser's representations and warranties

The Purchaser, acknowledging that the Seller is entering into this Agreement In reliance upon the same, represents and warrants on Completion that:

  • $(a)$ it is duly incorporated and validly existing under the laws of Japan;
  • $(b)$ it has the power to enter into this Agreement and comply with its obligations hereunder in accordance with the terms of this Agreement and has taken all necessary action to authorise the entry into this Agreement;
  • $\left( c \right)$ this Agreement constitutes its legal, valid, binding and enforceable obligations;
  • $(d)$ the entry into and performance by it of, and the Transaction, does not and will not conflict with:
  • any law or regulation applicable to it; $\langle i \rangle$
  • $(ii)$ its constitutional documents; or
  • any agreement or instrument binding upon it or any of its assets; and $(iii)$
  • no Act of Insolvency has occurred in relation to it. $(e)$

5.3 Seller's Indemnity

$(a)$ The Seller indemnifies the Purchaser against any loss suffered or incurred by the Purchaser by reason of any breach of this Agreement by the Seller.

5.4 Purchaser's indemnity

The Purchaser indemnifies the Seller against any loss suffered or incurred by the Seller by reason of any breach of this Agreement by the Purchaser.

SYNS749052

6. General

$6.1$ Further acts

Each party will promptly do and perform all further acts and execute and deliver all further documents (in form and content reasonably satisfactory to that party) required by law or reasonably requested by any other party to give effect to this Agreement.

6.2 Notices

Any communication under or in connection with this Agreement:

  • must be in writing; (己)
  • $(b)$ must be addressed as shown below:

if to the Seller:

Grantali Pty Ltd Name:

Address: 38 Edwards Street, Essendon 3040

For the attention of: Doug Rathbone, and

if to the Purchaser:

Name: Sumitomo Chemical Company, Limited

Address: 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo 104-8620, Japan

Fax no: 81-3-5543-5929

For the attention of: Planning & Coordination Office, Health & Crop Sciences Sector

(or as otherwise notified by that party to the other party from time to time);

  • must be signed by the party making the communication or (on its behalf) by the $(c)$ solicitor for, or by any attorney, director, secretary, or authorised signatory of, that party;
  • must be delivered or posted by registered mail to the address, or sent by fax to the ${d}$ number, of the addressee, in accordance with clause 6.2; and
  • will be deemed to be received by the addresses: (e)
  • in the case of registered mail, on the third Business Day after the date of $\langle i \rangle$ posting to an address within Australia, and on the fifth Business Day after the date of posting to an address outside Australia;
  • in the case of fax, at the local time (in the place of receipt of that fax) $(ii)$ which then equates to the time at which that fax is sent as shown on the transmission report which is produced by the machine from which that fax is sent and which confirms transmission of that fax in its entirety, unless that local time is a non-Business Day, or is after 5.00 pm on a Business Day, in which event that communication will be deemed to be received at 9.00 am on the next Business Day; and
  • in the case of delivery by hand, on delivery at the address of the (iii) addressee as provided in clause 6.2 unless that delivery is made on a

÷

non-Business Day, or after 5.00 pm on a Business Day, when that communication will be deemed to be received at 9.00 am on the next Business Dav.

Jurisdiction 6.3

  • Each party irrevocably submits to the non-exclusive jurisdiction of the courts of the $(a)$ State, and the courts competent to determine appeals from those courts, with respect to any proceedings which may be brought at any time relating in any way to this Agreement.
  • Each party irrevocably waives any objection it may now or in the future have to the $(b)$ venue of any proceedings, and any claim it may now or in the future have that any proceedings have been brought in an inconvenient forum, where that venue falls within paragraph (a) of this clause.

6.4 Amendment

This Agreement may only be varied by a document signed by or on behalf of each of the parties.

6.5 Waiver

  • Failure to exercise or enforce or a delay in exercising or enforcing or the partial $(a)$ exercise or enforcement of any right, power or remedy provided by law or under this Agreement by any party will not in any way preclude, or operate as a waiver of, any exercise or enforcement, or further exercise or enforcement of that or any other right, power or remedy provided by law or under this Agreement.
  • Any waiver or consent given by any party under this Agreement will only be $(b)$ effective and binding on that party if it is given or confirmed in writing by that party.
  • No waiver of a breach of any term of this Agreement will operate as a waiver of $\langle \circ \rangle$ another breach of that term or of a breach of any other term of this Agreement.

6.6 Assignment

  • Except as permitted by clause 6.6(b), a party may not assign, novate or otherwise $(a)$ transfer any of its rights or obligations under this Agreement without the prior written consent of the other party.
  • The Purchaser may assign or transfer any of its rights under this Agreement to its $(5)$ Related Body Corporate or its third party finance provider, without the prior written consent of the Seller.

6.7 Counterparts

This Agreement may be executed in any number of counterparts and by the parties on separate counterparts. Each counterpart constitutes an original of this Agreement, all of which together constitute one agreement.

$6.8$ Merger

No right or obligation of any party will morge on Completion. All rights and obligations under this Agreement survive the execution and delivery of any transfer or other document which implements the Transaction.

851-37490-5

٠.

$\ddot{\phantom{0}}$

$6.9$ Public announcements

Following the signing of this Agreement, each of the parties will make the disclosure required
by, and in accordance with, Part 6C.1 of the Corporations Act and co-operate to ensure that any substantial holder obligations are discharged efficiently.

6.10 Expenses

Each party will pay its own costs and expenses in connection with the negotiation, preparation, execution, and performance of this Agreement.

Fax sent by : 61 2 8272 0599 JONES DAY

n

$k \mathcal{T}$

Signed as an agreement.

Executed by Grantall Pty Ltd by:

Directo

DOUGLAS JOHN RATHEONE

Executed by Sumitomo Chemical Company, Limited by:

K. Jukula
Authorised Signatory

Kenjiro Fukubayashi Director & Senior Managing Executive Officer Name of Authorised Signatory in full

Signature of Director/Secretary

Name of Director/Secretary in full

Signature of Authorised Signatory

Name of Authorised Signatory in full

SYE37490e5