Deed of Licence TEN 0270 - Lot 17 on SP239726 Wallum Lane Noosa-3

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               Date



               Parties

                     1.         NORTHERN SEQ DISTRIBUTOR-RETAILER AUTHORITY (TRADING AS
                                UNITYWATER) (ABN 89 791 717 472) 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                NORTHERN SEQ DISTRIBUTOR-RETAILER AUTHORITY (UNITYWATER) is the
                                registered owner of the Land.

               B                The LICENSEE wishes to access and construct buildings on the Licensed Area 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.
                          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.
                          Commencement Date means the date specified in Item 5B of the Reference Schedule.
                          DR Act means the South-East Queensland Water (Distribution and Retail Restructuring) Act
                          2009 (Qld) together with all associated legislation and any additional or substituted
                          legislation.