2014-11-20 Noosa Biosphere Management Arrangements - Trust Deed - Attachment 1

        (b)       sell or otherwise dispose of the whole or any part of the investments or Property of the
                  Trust Fund;

        (c)       borrow or raise or secure the payment of money and secure the repayment of any debt,
                  liability, contract, guarantee or other engagement in any way and, in particular, by
                  mortgage, charge, lien, encumbrance, debenture or other security, fixed or floating, over
                  any present or future asset of any kind and wherever situated;

        (d)       take and act on the opinion of a barrister or solicitor practising in Australia about the
                  interpretation or effect of this deed or any of the trusts or powers of this deed without
                  responsibility for any loss or error resulting from doing so, but this provision does not
                  stop the Trustee from applying to a court of competent jurisdiction for a ruling on any
                  matter;

        (e)       take any action for the adequate protection or insurance of any part of the Trust Fund;

        (f)       purchase, draw, make, accept, endorse, discount, sign and issue promissory notes, bills
                  of exchange, and other negotiable or transferable instruments of any kind;

        (g)       subject to the trusts of this deed, generally:

                  (i)      perform any administrative act; and

                  (ii)     pay or deduct all costs, charges, commissions, stamp duties, imposts, outgoings
                           and expenses of or incidental to the Trust Fund or its management or which the
                           Trustee thinks fit to pay or deduct (whether or not the Trustee is under any legal
                           obligation to make the payment) or in connection with the preparation, execution
                           and stamping of this deed, as though the Trustee were the absolute owner of the
                           Trust Fund and the income of the Trust Fund;

        (h)       attract and encourage donations, gifts (by will or otherwise), endowments, trust
                  distributions and other forms of financial assistance to or for the benefit of the Trust;

        (i)       employ and pay or provide any benefit for any employee (not being a relative or
                  Associate of the Settlor or the Trustee or a relative or Associate of a director or
                  shareholder of the Settlor or the Trustee) without being responsible for the default of the
                  employee or for any loss occasioned by the employment;

        (j)       engage and pay any agent, contractor or professional person without being responsible
                  for the default of the agent, contractor or employee or for any loss occasioned by the
                  engagement;

        (k)       sponsor, organise and undertake fund raising activities and arrange for the issue of
                  appeals to the public for donations;

        (l)       accept as part of the Trust Fund any gifts (by will or otherwise), donations, settlements
                  or other dispositions in money, moneys worth or Property to or in favour of the Trust
                  Fund and either retain them in their original form without selling or converting them into
                  money, or invest, apply or deal with them in any way that the Trustee may invest, apply
                  or deal with the Trust Fund under this deed;

        (m)       decline or otherwise refuse to accept as part of the Trust Fund any gift (by will or
                  otherwise), donation, settlement or other disposition in money, moneys worth or
                  Property;

        (n)       manage any real Property it holds with all the powers of an absolute owner; and




30672865v4    |     Noosa Biosphere Reserve Trust                                                              9