CHANGE - fully signed Deed_Agreement_-_Blue_CHP_Myall_Rise_2026.02.27

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Docusign Envelope ID: 886D61F4-0E2F-4EF2-8560-413163297E81

Proposed Sale of 45 & 47 Maple Street, Cooroy & 9 Myall Street, Cooroy

Background
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We refer to recent discuss#ns between Myall Rise Pty Ltd ABN 85 681 726 198 (Vendor) and

'8 582 383 (Purchaser) regarding the proposed sale by the Vendor of a
minimum of 12%-e¥ellings to be constructed by the Vendor on part of the property located at 45 & 47 Maple
Street, Cooroy & 9 Myall Street, Cooroy more particularly described as lot 15 on C 5605 (lot 1 on RP
99323 (& lot 18 on C 5605 (Title References 13541176 and 13587136 (Property) to the Purchaser
(Proposed Transaction).

  
  
  
 

The parties acknowledge the part of the Property on which a dwelling house is currently situated will be
separated from the Property by way of a separate subdivision so that that dwelling house is excluded
from the Property on its own separately titled Lot and is not part of the Proposed Transaction. (The
parties may modify the Proposed Transaction by mutual agreement at a later time to include that
separate dwelling but unless and until such modification is formalised the Proposed Transaction
includes only the (minimum) 48° dwellings). The subdivision of the Property described above, shall be
undertaken by the Vendor. l q

The Purchaser has recently received correspondence from the Queensland State Government inviting it
to submit an Expression of Interest for the Proposed Transaction (EOI). Once the Purchaser has
submitted the EOI the Queensland State Government will consider that EOI and may invite the
Purchaser to submit a Detailed Proposal in respect of the Proposed Transaction.

We note that the Vendor and Purchaser intend to enter into a memorandum of understanding on the terms
set out in Annexure 1 — Key Terms in connection with the Proposed Transaction. Annexure 1 provides an
overview of the Vendor's obligations and performance security requirements, and also sets out the
Purchaser's rationale for these requirements, to assist the Vendor in managing its risks and costs.

The purpose of this letter is to record certain terms agreed by the Vendor and the Purchaser in relation to
such ongoing negotiations.

Agreed Terms

The Parties agree as follows:

1. Inconsideration for the Purchaser's ongoing commitment of time and resources and the incurrence
of costs in connection with the Proposed Transaction, the Vendor agrees that, during the
Exclusivity Period:

a. the Vendor must negotiate exclusively with the Purchaser with respect to the Proposed
Transaction and the Property;

b. the Vendor must not: