TOURISM NOOSA STRATEGY 2023-2027 · ECM_22408732_v2_Tourism Noosa Funding Agreement - Endorsed OM 20April2023

HWL EBSWORTH (b) All previous negotiations, understandings, representations, warranties, memoranda or commitments in relation to, or in any way affecting, the subject matter of this document are merged in and superseded by this document and are of no force or effect. 11. Contingency Fund . 11.1. Maintenance of Contingency Fund (a) TN will maintain at all times a Contingency Fund ata balance that is no less than $250,000.00 throughout the __ term of this Agreement, subject to clause 11.2 (b). (b) Amounts may be withdrawn from the Contingency Fund on the following conditions: (i) TN must request Council’s approval for any withdrawal of any amount from the Contingency Fund, and provide reasons to Council for the request, as well as a proposal for the reimbursement of any such funds back into the Contingency Fund within a proposed period; (ii) Council must provide TN with its approval or otherwise for any such request within 30 days of receiving TN’s request for a withdrawal. Tourism Noosa Funding Deed Page 12 Endorsed Ordinary Meeting- 20 April 2023 ECM: 22408732