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Body Corporate Consent · 132006.823.10

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                                                                                       Page 3
 NICHOLSONS                                                                Deed of Engagement
      Solicitors




        (g)        reference to any statute in this Deed includes a reference to that statute as
                   amended, modified or replaced and includes orders, ordinances,
                   regulations, rules and by-laws made under or pursuant to that statute;

        (h)        reference to the provisions of a document or part of a document includes a
                   reference to all the terms, covenants, conditions, stipulations and
                   reservations contained in implied in that document or in that part of a
                   document;

        (i)        headings are inserted for convenience only and do not affect the
                   interpretation of this deed.

2.      ENGAGEMENT

2.1     The Body Corporate engages the Manager as Caretaker under the terms and
        conditions of the Agreement, as varied by this Deed, for the Term of 25 years
        commencing on the Commencement Date and expiring on the date that is 25 years
        after that date.

2.2     The Manager accepts the engagement.

2.3     The remuneration payable to the Manager by the Body Corporate is equivalent to
        $_____________ (including GST) per annum, calculated on a pro rata basis, for the
        first year of this Deed, ending on 15 June _____.

2.4     The annual review of the remuneration under clause 4.3 of the Agreement will occur
        on 16 June each year.

2.5     The terms of the engagement of the Manager are the same as the terms and
        conditions contained in the Agreement as varied by this Deed and with the following
        further exceptions:

        (a)        Clause 3.2 (option) is deleted;

        (b)        Schedule 1 is amended by reinstating the following clause 7:

                   7.     Subject always to the provisions of this Covenant and CMS, to
                          regularly water, fertilise, weed and maintain any lawns, gardens and
                          shrubs on the Common Property and any adjacent footpath and to
                          maintain the same at a high standard.

        (c)        Schedule 1 is amended by reinstating the following clause 10:

                   10.    To regularly inspect and report to the Body Corporate on the efficient
                          working condition of the boom gate and any associated equipment.

3.      OCCUPATION AUTHORITY

3.1     The parties acknowledge that the Body Corporate has approved and intends to
        construct, at its cost, a shed on the Common Property in the area as generally shown
        at Annexure B of this Deed (“Occupation Authority Area”). The parties acknowledge
        the area identified in the plan at Annexure B is an approximation only of the
        proposed location of the shed and may be subject to change.
Full text of the other 2 pages

Page 2

                                                                                         Page 4
 NICHOLSONS                                                                  Deed of Engagement
      Solicitors



3.2     The Body Corporate authorises the Manager to exclusively occupy the Occupation
        Authority Area for storage, carparking and all other purposes necessary for the
        performance of the Manager’s duties under the Agreement.

3.3     The Manager is responsible to ensure the Occupation Authority Area remains in a
        clean and tidy condition at all times and the Body Corporate is responsible for all
        maintenance and repairs of the shed.

4.      GUARANTEE

4.1     The Guarantor guarantees:

        (a)        the performance by the Manager of its obligations under this Deed; and

        (b)        the payment of all loss and damage recoverable by the Body Corporate from
                   the Manager.

4.2     This guarantee extends to claims by the Body Corporate payable in the terms of this
        Deed:

        (a)        for damages for breach; and

        (b)        for the Body Corporate’s reasonable legal and other expenses of seeking to
                   enforce the obligations of the Manager and the Guarantor.

4.3     This guarantee is not discharged and the Body Corporate’s rights against the
        Guarantor is not affected by any of the following:

        (a)        the granting of any extension of time by the Body Corporate to the Manager
                   or to the Guarantor;

        (b)        the Body Corporate’s failure to enforce covenants under this Deed against
                   the Manager;

        (c)        the total or partial release of liability of the Manager or the Guarantor by the
                   Body Corporate;

        (d)        the death, bankruptcy or winding up of the Manager or Guarantor; and

        (e)        the disclaimer of this Deed following the Manager’s insolvency.

4.4     In respect of any payment made by or on behalf of the Manager under this Deed
        that is void or is voided for any reason, the Guarantor shall remain liable under the
        Guarantee as if the payment had not been made.

4.5     The Body Corporate is entitled to require the Guarantor pay to the Body Corporate
        any outstanding money or other amount to compensate the Body Corporate for any
        loss or damage without the Body Corporate having made any claim or instituted any
        proceedings against the Manager in respect of such monies.

5.      TRUSTEE PROVISIONS

5.1     If the Manager enters into this Deed or at any time holds its interest as manager as
        trustee of any trust (“Manager’s Trust”) then, whether or not the Body Corporate has
        had notice (actual or constructive) of the Manager’s Trust, the following applies:

Page 3

                                                                  Page 38
NICHOLSONS                                             Deed of Engagement
  Solicitors




                          ANNEXURE B
                     (Occupation Authority Area)
               Approximate Location of Proposed Shed

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