CHANGE - fully signed Deed_Agreement_-_Blue_CHP_Myall_Rise_2026.02.27

 

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

Benjamin Ferris Development Manager BlueCHP Limited
Annexure 1 - Key Terms

 

Requirement

Rationale

 

Transaction

Turnkey — sale of completed dwellings

Based on the Purchaser's experience with the recently
submitted Federal government funding program Housing
Australia Future Fund Facility (HAFFF) Round 1 process and
various other State submissions, it believes that well-structured
turnkey developments offer the highest probability for successful
tendering to both State and Federal governments.

Therefore, the Purchaser seeks to acquire developments on a
Turnkey basis where the Purchaser contracts with the Vendor to
purchase/settle the development upon project completion, which
includes both Practical Completion and Certificate of Occupancy
to be achieved by the Vendor.

 

Transaction
Documents

e Contract of Sale
¢ Tripartite Deed (Turnkey).

The State or Commonwealth funding body may require that the
Vendor enter into a Tripartite Deed with itself and the Purchaser.

 

Nomination

The Purchaser may nominate a special purpose vehicle to
be the purchasing entity under the Contract of Sale and
Tripartite Deed (Turnkey).

The SPV will be a wholly owned subsidiary of the Purchaser.

 

Conditions
Precedent

The Transaction Documents will be subject to:
« The Purchaser's Board of Directors approval
e Finance
e Government Funding
e Due Diligence,

within 30 calendar days after the signing of the
Transaction Documents.

 

Deposit

 

 

5% payable - 20 Business Days after satisfaction of the
Conditions Precedent.

 

The Purchaser will provide a 5% deposit on the purchase
contract upon satisfaction of the Conditions Precedent. This is to
provide for the Purchaser's forecast development management
and funding expenses. For example, the Purchaser maybe