0001193125-05-233122 Sample Contracts

Indemnification Agreement
Indemnification Agreement • November 29th, 2005 • Aberdeen Australia Equity Fund Inc

Agreement dated as of , 2005 between Aberdeen Australia Equity Fund, Inc. (“Fund”), a closed-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”), and organized as a Maryland corporation and [name and type of entity of selling broker] (“Selling Broker”).

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Cross-Indemnity Agreement
Cross-Indemnity Agreement • November 29th, 2005 • Aberdeen Australia Equity Fund Inc

Agreement dated as of , 2005 between Aberdeen Australia Equity Fund, Inc (“Fund”), a closed-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”), and organized as a Maryland corporation, and Bankgesellschaft Berlin AG (“BGB”), a German banking organization which is a corporation formed under the laws of the Federal Republic of Germany.

SECOND AMENDMENT TO CUSTODIAN CONTRACT
Custodian Contract • November 29th, 2005 • Aberdeen Australia Equity Fund Inc

This Amendment to the Custodian Contract is made as of July 8, 2005 by and between Aberdeen Australia Equity Fund, Inc. (formerly known as The First Australia Fund, Inc.) (the “Fund”) and State Street Bank and Trust Company (the “Custodian”). Capitalized terms used in this Amendment without definition shall have the respective meanings given to such terms in the Custodian Contract referred to below.

Sales Agreement
Sales Agreement • November 29th, 2005 • Aberdeen Australia Equity Fund Inc

Agreement dated as of , 2005 between Bankgesellschaft Berlin AG (“BGB”), a German banking organization which is a corporation formed under the laws of the Federal Republic of Germany (“BGB”) and ___________ (“Selling Broker”).

CUSTODIAN CONTRACT Between THE FIRST AUSTRALIA FUND, INC. and STATE STREET BANK AND TRUST COMPANY
Custodian Contract • November 29th, 2005 • Aberdeen Australia Equity Fund Inc

This Contract between The First Australia Fund, Inc., a corporation organized and existing under the laws of Maryland, having its principal place of business at One Seaport Plaza, New York 10292 , hereinafter called the “Fund”, and State Street Bank and Trust Company, a Massachusetts corporation, having its principal place of business at 225 Franklin Street, Boston, Massachusetts, 02110, hereinafter called the “Custodian”,

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