RFI - Attachment 2 - Coast2Bay - Cover Letter & MOU

Table of contents

Parties -------------------------------------------------------------------------------------------------------------------------------------- 4

Background ------------------------------------------------------------------------------------------------------------------------------- 4

Agreed terms ----------------------------------------------------------------------------------------------------------------------------- 4

1         Definitions and interpretation ------------------------------------------------------------------------------------------- 4
          1.1        Definitions                                                                                                              4
          1.2        Interpretation                                                                                                           6

2         Status of document --------------------------------------------------------------------------------------------------------- 6
          2.1        Purpose                                                                                                                  6
          2.2        Legally bound                                                                                                            6
          2.3        No undertaking or representation                                                                                         6

3         Sharing of information ----------------------------------------------------------------------------------------------------- 7

4         Progression and negotiation of Transaction Documents ------------------------------------------------------ 7
          4.1        Preparation of Transaction Documents                                                                                     7
          4.2        Negotiation process                                                                                                      7

5         Right to discontinue negotiation and discussions --------------------------------------------------------------- 7

6         Exclusivity and standstill ------------------------------------------------------------------------------------------------- 7
          6.1        Restrictions                                                                                                             7

7         Confidentiality and announcements ---------------------------------------------------------------------------------- 8
          7.1        Confidentiality                                                                                                          8
          7.2        Announcements                                                                                                            8

8         Costs and expenses -------------------------------------------------------------------------------------------------------- 8

9         General -------------------------------------------------------------------------------------------------------------------------- 8
          9.1        Amendments                                                                                                               8
          9.2        Assignment                                                                                                               8
          9.3        Counterparts                                                                                                             8
          9.4        No merger                                                                                                                9
          9.5        Entire agreement                                                                                                         9
          9.6        Further assurances                                                                                                       9
          9.7        No waiver                                                                                                                9
          9.8        Governing law and jurisdiction                                                                                           9
          9.9        Severability                                                                                                             9

10        Notice ---------------------------------------------------------------------------------------------------------------------------- 9




DRAFT – NOT FOR EXECUTION                                                                                                         Page 2 of 13