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

HWL EBSWORTH 3. Further Term 3.1 Subject to the parties being in compliance with their obligations under this Deed, the parties will commence discussions from 1 July 2024 regarding the potential Further Term, including further funding for the Further Term and the terms on which that funding will be provided, and will conclude those discussions by 31 December 2024. 3.2 The parties may, but are not obliged to, agree to the Further Term. 4. __TN's obligations . 4.1 Governance (a) By 30 September 2023, TN will develop a 4 year strategic plan which incorporates the priorities, obligations and performance measures set out at Schedule 1 of this Deed. (b) Within 10 business days of the end of each quarter, or upon request for Council, TN will provide Council with financial and other reports in relation to the expenditure of the Funding and the financial and other benefits attributable to the Funding. (c) TN will review and make appropriate changes to its strategy and expenditure upon reasonable request by Council. (d) TN will conduct itself in accordance with best practice standards of internal governance. : (e) Council's appointed Observer will be invited to and included in all TN Board meetings. (f) TN will perform annual performance reviews of its key staff and directors. (g) TN will cooperate with Council and take appropriate action to address any corporate governance concerns raised by Council: (i) Firstly, by liaison between TN and the Council appointed Observer; and (ii) Secondly, if requested by Council, by liaison between TN and Council's CEO and/or Mayor. Tourism Noosa Funding Deed Page 5 Endorsed Ordinary Meeting- 20 April 2023 ECM: 22408732