11022015093450-0001 · 131999.982996.1

LICENCE AGREEMENT

Datedthe “Lior dayof WioVemBee 2011

BETWEEN: THE BODY CORPORATE FOR OCEAN BREEZE COMMUNITY TITLES SCHEME
10445 of C/- Body Corporate Services Ply Ltd, 4-12 Bottlebrush Avenue, Noosa Heads

in the state of Queensiand :
(‘the Body Corporate’)

AND: RESTAURANT CO-OP PTY LTD ACN 106 614 957 of EGA Corporate Advisers Ply Ltd,
Level 18, 499 St Kilda Road, Melbourne in the state of Victoria
(‘the Licensee’)

AND: PERRY CHARLES TAYLOR and RYAN TAYLOR of c/- 11 Webb Road, Sunshine
Beach in the state of Queensland
(‘the Guarantor)
RECITALS
A. The Licensee has requested tha Body Corporate to grant to the Licensee a non-exclusive

Licence to operate a mobile vending facility from an area immediately in front of the Energex
sub-station on Hastihg Street, Noosa measuring approximately 5 metres by 4 metres (‘the

Licensed Area’).

B. The Guarantor has agreed to guarantea the due performance by the Licensee of its obligations
under this Agreement.

OPERATIVE

1. Grant of Licence

11 The Body Corporate grants to the Licensee a non-exclusive Licence for a term of one (1)
year commencing 1 October 2011 and expiring on 30 September 2012 (‘the Term’) to
undertake the operation of a mobile vending facllity from the Licensed Area.

1.2 First Option to Renew. The Body Corporate may on the written request of the
Licensee made at least one (1) month before the expiration of the term hereby created
and provided there is not at the date of such request or at the expiration of the term
hereby created any subsisting breach of any of the covenants stipulations and
agreements on the part of the Licensee grant to the Licensee a lease Licence of the
Licensed Area for a further term of one (1) year (hereinafter called “the first renewed
term") from the expiration of the term hereof at a Licence fee to be calculated by
increasing the Licence fee for the previous year by the indexed amount. For the
avoidance of doubt, the granting of the lease Licence for the first renewed term is to be
by mutual agreement of the Body Corporate and the Licensee.

1.3 Second Option to Renew. The Body Corporate may on the written request of the
Licensee made at least one (1) month before the expiration of the term hereby created
and provided there is not at the date of such request or at the expiration of the term
hereby created any subsisting breach of any of the covenants stipulations and
agreements on the part of the Licensee grant to the Licensee a lease Licence of the
Licensed Area for a further term of one (1) year (hereinafter called "the second renewed