Exhibit 4 for Affidavit of Daniel Mathew Bryant - Arnold Bloch Leibler
Exhibit 4 for Affidavit of Daniel Mathew Bryant - Arnold Bloch Leibler
Exhibit 4 for Affidavit of Daniel Mathew Bryant - Arnold Bloch Leibler
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Wocdlol proJe.ct 2008<br />
3.9 Baseline Pruning Expenses Fund<br />
Consl¡tutlon<br />
No Merntrq shall havo arl]/ int€rost ùr the Baselinc Prunirg Expeirses Account,<br />
4 Entering into Sub-Forestry Right Deed and Managennent Agreement<br />
4.1 Applicatïon Fee<br />
T'he Responsible Entity nray invite percons to participate in the Plojec( zurd enter into a Sub-<br />
Forestry Rìglrt Deed zurd Mariagcment Agreeûtelt at a price beirrg the Application Fee.<br />
4.2<br />
Application <strong>for</strong> Sub'Forestry Rlght Deed and Management Agreement<br />
(a) Applications to enter into a Sub-Forastly Rigltt Deed anrJ a Managemetf Agreement<br />
must be:<br />
(1) in the fbürr attached to the cun'ent Procluct Disûlösule Statement or ìn such<br />
othcr fbmr as the l\espr.rnsible Entity rnay fol the time being penuit; and<br />
(2) be signed or executed by ol onbehalf <strong>of</strong>tlie Applioant.<br />
0r) The application contelrplated by clause 4.2(a) must be lodged at the Ofhce ot such<br />
other place as the Responsible Entíty shall fronr ti¡e to time detelmine or specify in<br />
the Protluct Dìsclosure Statement rvith such other inftimation or evidence as the<br />
Responsible Entity may lequire.<br />
4.3 Responsible Entity May Refuse Application<br />
The Responsible Entity may, in its absolute discretion, accept or lefuse aly application to<br />
enter into a Sub-Forcstry Right Deed aud Mzuragcmeut Agreement and jt shall not be borurd<br />
to give any reasotl <strong>for</strong> any such refusal<br />
'I'he lì-espon-sible Hntit¡' must accept or refuse airy application to entcr into a Sub-Forestry<br />
Right DeeA and Managenlent AgreÊiìlent not later than 28 days following therecejpt <strong>of</strong> the<br />
application. If an application is refused, the Responsible Entity nrust tnfbtn thc apphcatrt <strong>of</strong><br />
tlrat fact and lefütd, or ensur'ô tliat tire Custodian refunds, any Application Moneys paìd bv<br />
the Applicant.<br />
4.4<br />
Fina¡rce Arrangements<br />
(a) Notu¡itlßtancling ariy other prt-rvisiol ol llús Constitution, if it is notecl ilr arr<br />
applrcation that ftiance is rec¡uested, tlten:<br />
(t)<br />
the application shall be capable <strong>of</strong>'acceptance by the Respousible Ilntity<br />
s¡bject to the condition that a lendiug institution (wliich teuu shall inclucle the<br />
Responsible Entity or' ær associated entity rif the Responsible Entity) approves<br />
the Applicant's r*1uest lor finartce; atrrl<br />
(2, tlris is n<strong>of</strong> tcl bo taken to be a wâlranty, r-rrrcleitaliìng' covenant or agl'eell1Ônt<br />
on the part <strong>of</strong> the Responsible Entity or an associated errtity <strong>of</strong> the<br />
Respbusible Enlity tliat suclr fi¡ance will be provided or procured,<br />
(lr) If the Resporisible Entity ol tbo Applicant is not notifiecl irr wliting <strong>of</strong> thc decision <strong>of</strong><br />
the le¡cling rnstitution within 28 days aller the clate <strong>of</strong>'lodgenrent <strong>of</strong> the ap¡rlication to<br />
the le¡ding mstit¡tion to lend, then eithe.t pal'ty not notifiecl may by ncrtice ùr writing<br />
Shiekls l-ler¡ta0e<br />
Lâst pr¡nted 1212712007 12:10:00 PM<br />
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