First affidavit of Daniel Mathew Bryant - Arnold Bloch Leibler

and Graz¡ers Leases). There are over 500 Tasmanian Farmers and GraziersLeases.8586We have received over 374 default and 11 termination notices in respect of theTasmanian Farmers and Graziers Leases. As set out in paragraph 44 above, wehave instructed ABL to maintain a default notice register and to update it as furtherdefault notices and termination notices are issued to GPL. We fonruard any default ortermination notices received to ABL. We have also instructed ABL to respond tothese notices acknowledging receipt of the notice but reserving GPL's rights as wellas the Growers' rights in relation to the trees.Since our appointment, we have been in contact with the lessors of the TasmanianFarmers and Graziers Leases, both directly and indirectly via the Tasmanian Farmersand Graziers Association (TFGA) and Private Forests Tasmania, a statutory authoritywhich assists the private forestry sector (PFT). Updates relevant to the TasmanianFarmers and Graziers Leases have also been posted on our website.87On 11 April 2013, Michael Boudrie of ourotfice and lmetwith Jan Davis, CEO, andDavid Gatenby, President, of the TFGA to inform them of our rationale for movingtoward a realisation of the Gunns Tasmanian Forestry Estate and what it meant forthe lessors of the Tasmanian Farmers and Graziers Leases. Following that meeting,the TFGA provided us with a list of options that may be acceptable to the lessorsunder a realisation process. These options included:(a) Landowners purchasing the trees;(b)Sale of the trees to a third party purchaser either encumbered orunencumbered by the Gunns Woodlot Schemes. Current leases could betransferred to purchasers (subject to remedying any breaches) or purchaserswould enter into new lease arrangements with the landowners;(c) Sale of both the land and the trees to third party purchaser; and(d)Ownership of trees reveding back to landowners as a result of GPL's allegeddefaults under the leases.20