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

Table of contents

Background -------------------------------------------------------------------------------------------------- 3

Agreed terms ------------------------------------------------------------------------------------------------ 3

1       Name ------------------------------------------------------------------------------------------------- 3

2       Definitions and interpretation --------------------------------------------------------------------- 3
        2.1       Definitions                                                                                  3
        2.2       Interpretation                                                                               5
        2.3       Headings                                                                                     5

3       Declaration of trust --------------------------------------------------------------------------------- 5

4       Purposes --------------------------------------------------------------------------------------------- 6
        4.1       Trust Purposes                                                                               6
        4.2       Application of income and capital                                                            6
        4.3       Factors Trustee may consider                                                                 6
        4.4       Policies and rules                                                                           6
        4.5       Trustee may accumulate income                                                                7

5       Non-profit nature of the Trust--------------------------------------------------------------------- 7
        5.1       Non-profit                                                                                   7
        5.2       Uncommercial transactions                                                                    7

6       Determinations to be recorded -------------------------------------------------------------------- 8
        6.1       Determinations to be in writing                                                              8
        6.2       Once recorded, decisions are irrevocable                                                     8

7       Power to make conditional decision -------------------------------------------------------------- 8

8       Trustee ----------------------------------------------------------------------------------------------- 8
        8.1       Sole trustee a body corporate                                                                8
        8.2       Retirement and appointment of a new Trustee                                                  8
        8.3       This deed prevails                                                                           8

9       Trustee’s powers------------------------------------------------------------------------------------ 8
        9.1       Investment                                                                                   8
        9.2       Other powers                                                                                 8
        9.3       Powers are supplementary                                                                    10

10      Liability for breaches of trust---------------------------------------------------------------------10

11      Indemnity of Trustee from Trust Fund ----------------------------------------------------------10




30672865v4    |     Noosa Biosphere Reserve Trust