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5<br />

“Plan of Subdivision” means the unregistered Plan of Subdivision in respect of<br />

the Land proposed to be registered by the Developer in a form substantially<br />

in accordance with the Concept Plans;<br />

“Price” means the sum specified as the price in the Schedule;<br />

"Project" means the development of the Property by the Developer for<br />

commercial gain largely in accordance with the Concept Plan;<br />

"Project Agreements" means this Agreement and all other agreements or<br />

instruments entered into by the Developer in connection with the Project, all<br />

as amended from time to time;<br />

"Project Expenses" means the Expenditure and all capital and operating<br />

costs, charges, expenses, fees, taxes (other than income or capital gains<br />

taxes) and other payments and expenditures of and incidental to the<br />

conduct of the Project, including, without limitation, the following:<br />

(a)<br />

(b)<br />

(c)<br />

(d)<br />

(e)<br />

the legal costs and out of pocket expenses of the Developer in<br />

respect of the completion and carrying into effect of the acquisition<br />

of the Property and this Agreement and any other documents<br />

necessarily incidental to this Agreement;<br />

the total of the acquisition costs properly incurred by the Developer<br />

in respect of its purchase of the Land including but without limiting<br />

the generality thereof the purchase price, stamp duty, legal fees<br />

and expenses,<br />

all costs, fees and interest charges incurred in respect of any finance<br />

facilities, loans, mortgages or other forms of financial<br />

accommodation issued in respect of the Property;<br />

all costs of and incidental to the preparation and execution of this<br />

Agreement and the annexures to this Agreement including stamp<br />

duty (if any);<br />

all costs and fees payable to surveyors, engineers, consultants and<br />

any other costs and fees properly payable to the local council, or<br />

any other appropriate authority in relation to the Project and also all<br />

costs and expenses of and incidental to the obtaining of all<br />

necessary consents to the Project;<br />

(f) all construction costs and costs of any other services or<br />

improvements in respect of the Property incurred after the date<br />

hereof;<br />

(g) the construction costs (or any contribution to such costs) of<br />

roadworks and parking areas as required by the relevant<br />

municipality or council as a condition of its development approval;<br />

(h)<br />

(i)<br />

the cost of cleaning, maintaining and landscaping (where<br />

appropriate) gardens and outdoor areas contemplated by the<br />

Project;<br />

all rates taxes (including land tax at the rate actually payable) and

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