MCU14/0082 - Deed of Licence

Date



Parties

      1.          NORTHERN          SEQ     DISTRIBUTOR.RETAILER          AUTHORITY        (TRADING    AS
                  UNITYWATER) (ABN 89 791 717472) of 33 King Street, Caboolture in the State of
                  Queensland (UNITYWATER).

      2.          The party named in Item 1 of the Reference Schedule (LICENSEE).

Recitals

     A            UNITYWATER is the registered owner of the Land.

      B           LICENSEE wishes to access and enter the Licensed Area on a temporary basis for
                  the Permitted Purpose during the Term.

     C            UNITYWATER has agreed to grant a non-exclusive licence over the Licensed Area
                  to the Licensee upon the terms of this Deed.


It is agreed as follows.


1.         Definitions and Interpretations

1.1        Definitions
           In this Deed unless the context otherwise requires:
           Deed means this Deed as it may later be amended or supplemented by the parties in
           writing.
           Authorised Officer means any person whose title or acting title includes the word
           manager, or any secretary or director.
           Building means the two brick structures within the Licensed Area and includes all the
           furniture, fittings and equipment (including air-conditioning, hot water systems, lighting,
           electrical items and wiring) owned by Unitywater located in, on or above the structures.

           Business Day means a day which is not a Saturday, Sunday or public or bank holiday in
           Brisbane.
           Claims include any claim, action, demand, proceeding or judgment however arising,
           whether at Law or in equity and including:

           (a)        by statute;
           (b)        in tort for negligence or otherwise, including negligent misrepresentation; or

           (c)        in restitution for unjust enrichment,

           and includes any loss, damage. cost or expense.