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

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                        Essential Term means each of the following obligations:
                        (a)     payment of the Licence Fee;
                        (b)     regarding the Permitted Use of the Licensed Area;
                        (c)     requirement to obtain approvals and consents from any Government Authority;
                        (d)     maintenance and cleanliness of the Licensed Area;
                        (e)     assignment of the Licence;
                        (f)     taking out and maintaining insurance;
                        (g)     reporting and repairing any damage to the Licensed Area.
                        Expiry Date means the date specified in Item 5C of the Reference Schedule.

                        Further Term means the option terms, if any, specified in Item 13 of the Reference
                        Schedule.

                        Government Authority means the Crown, a Minister, a government department, a
                        corporation or authority constituted for a public purpose, a court and an officer, employee or
                        agent of any of the foregoing acting as such.

                        Land means the land specified in Item 2A of the Reference Schedule.

                        Law means:

                        (a)     those principles of law or equity established by decisions of Australian courts;
                        (b)     statutes, regulations, by-laws, policies or ordinances of any Australian Government
                                Authority; and
                        (c)     requirements of Australian Government Authorities made or arising under or
                                pursuant to any of the matters referred to in paragraphs (a) or (b) above.

                        Licence means the non-exclusive licence to enter upon the Licensed Area during the Term
                        in common with UNITYWATER in accordance with the terms and conditions in this Deed and
                        the schedules and annexures attached to it.
                        Licensed Area means the area described in Item 2B of the Reference Schedule.
                        Licence Fee means the amount stated in Item 3 of the Reference Schedule.
                        LICENSEE’s Agents includes the employees, agents, licensees, invitees, contractors and
                        sub-contractors of the LICENSEE.
                        Permitted Purpose means the purpose described in Item 4 of the Reference Schedule.
                        Personnel means the personnel of a party, its contractors and its partners.
                        Plan means the plan which is annexed to this Licence as Annexure A.
                        State means the State of Queensland.
                        Term means the term specified in Item 5A of the Reference Schedule unless terminated
                        earlier in accordance with clause 10.
                        Water Operations means water infrastructure (as defined under the DR Act) and all other
                        associated facilities, infrastructure and improvements operating in or around the Licensed