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

        Term                                        Definition
                                                    (e)   any income or capital gain accumulated by the Trustee
                                                          under this deed; and
                                                    (f)   any income of the Trust not yet applied under clause
                                                          4.2.
        Trust Purposes                              mean the purposes set out under clause 4.1.
        UNESCO                                      means the United Nations Educational, Scientific and Cultural
                                                    Organisation.
        UNESCO Man and the                          means the intergovernmental scientific programme under the
        Biosphere Program                           name ‘Man and the Biosphere Program’ that is facilitated by
                                                    UNESCO.

2.2     Interpretation

        In this deed:

        (a)       a reference to a clause, schedule, annexure or party is a reference to a clause of, and a
                  schedule, annexure or party to, this deed and references to this deed include any
                  schedules or annexures;

        (b)       a reference to a party to this deed or any other deed or agreement includes the party’s
                  successors, permitted substitutes and permitted assigns;

        (c)       if a word or phrase is defined, its other grammatical forms have a corresponding
                  meaning;

        (d)       a reference to a deed or agreement (including a reference to this deed) is to that deed or
                  agreement as amended, supplemented, varied or replaced;

        (e)       a reference to this deed includes the agreement recorded by this deed;

        (f)       a reference to legislation or to a provision of legislation (including subordinate legislation)
                  is to that legislation as amended, re-enacted or replaced, and includes any subordinate
                  legislation issued under it;

        (g)       a reference to a person includes a corporation, trust, partnership, unincorporated body,
                  government and local authority or agency, or other entity whether or not it comprises a
                  separate legal entity; and

        (h)       a reference to ‘month’ means calendar month.

2.3     Headings

        Headings are used for convenience only and do not affect the interpretation of this deed.


3       Declaration of trust

        The Settlor and the Trustee declare that the Trustee must hold the Trust Fund on the trusts, with
        the powers and subject to the provisions in this deed.




30672865v4    |     Noosa Biosphere Reserve Trust                                                                   5