First affidavit of Daniel Mathew Bryant - Arnold Bloch Leibler

0) on termination of the Grower Lease, all right, title and interest in the trees isassigned and transferred to GPL.Terms of Grower Forestry Right Deeds35The Grower Forestry Right Deeds, applicable to the Gunns 2002 to 2009 WoodlotSchemes, have the following characteristics:(a) the Grower Forestry Right Deeds are subject to any head forestry right deedbetween GPL and the landowner (Head Forestry Right Deed);(b)Grower Forestry Right Deeds generally run for between 13 to 25 years(depending on the planting option selected by the Grower on application);(c)rent for the whole term of the Grower Forestry Right Deeds is generally paid inarrears from the proceeds of the harvest of the trees. Accordingly, in mostcases, GPL will not receive any further rent payments from Growers duringthe term of the deed;(d)(e)(f)(g)the land may only be used for the establishment and maintenance of trees inaccordance with the relevant Gunns Woodlot Scheme to which the GrowerForestry Right Deeds relate;Growers are entitled to access the land to carry out the permitted activities(meaning establishing, planting, tending, maintaining and harvesting the treesand carrying out the scheme);Growers must obey the obligations imposed on GPL under the Head ForestryRight Deed between GPL and the landowner or head lessor;pursuant to the Head Forestry Right Deed, there is an obligation to maintainpublic risk insurance with a reputable insurer with certain minimum limits;(h)(i)(¡)if the Management Agreement is terminated by GPL, GPL is also entitled toterminate the Grower Forestry Right Deed;the Grower Forestry Right Deed automatically terminates if the Head ForestryRight Deed terminates; andon termination of the Head Forestry Right Deed, other than for GPL's breach,all right, title and interest in the trees is assigned and transferred to GPL.10