FREEWAY CROWN LEASE EASTLINK FREEWAY - VICROADS

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EastLink Freeway

                    Freeway Crown
                    Lease
                    The Minister for Roads and Road Safety on behalf of the
                    Crown in right of the State of Victoria (State)
                    ConnectEast Nominee Company Pty Limited as trustee of
                    the ConnectEast Asset Trust (Concessionaire)

                                Victoria

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Freeway Crown Lease
EastLink Freeway
Details                                                                    5

Agreed terms                                                               6
1.      Definitions and interpretation                                      6
1.1     Concession Deed                                                     6
1.2     Definitions                                                         6
1.3     Interpretation                                                      6
2.      Delegation                                                          6
2.1     Right to delegate                                                   6
2.2     Notice of delegation                                                6
2.3     Revocation or amendment of delegation                               6
2.4     No limitation of State obligations                                  6
2.5     Unfettered discretion                                               6
3.      Reservations                                                        7
3.1     Reservations in respect of minerals                                 7
3.2     Reservations in respect of adjoining land                           7
3.3     Reservations in relation to Utility Infrastructure                  7
3.4     Reservations in respect of Median                                   7
3.5     Conditions in reservations - Provisions of Concession Deed apply    8
3.6     Exclusion                                                           8
4.      Lease and restrictions, functions and duties                        8
4.1     Grant of Lease                                                      8
4.2     Holding over                                                        8
4.3     Concessionaire’s acknowledgment                                     8
5.      Negation of representations and warranties                          8

6.      Use of Land                                                         9
6.1     Permitted use                                                       9
6.2     Approvals                                                           9
6.3     Compliance with Laws                                                9
6.4     Compliance with notices                                             9
6.5     Notices                                                             9
6.6     No nuisance                                                         9
7.      Rent and outgoings                                                  9
7.1     Payment of Rent                                                     9
7.2     Rates                                                              10
7.3     Charges for Utility services                                       10
7.4     Separate metering                                                  10
7.5     Shared Utility services                                            10
7.6     Payment by State                                                   11
8.      Goods and services tax                                             11
8.1     GST to be added to amounts payable                                 11
8.2     Tax Invoice and Adjustment Note                                    11
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8.3     Liability net of GST                                 11
8.4     Revenue exclusive of GST                             11
8.5     Cost exclusive of GST                                11
8.6     Adjustment of consideration                          12
9.      General                                              12
9.1     Interest                                             12
9.2     No deductions, set off or counterclaim               12
9.3     Set off                                              12
10.     Maintenance and works                                13
10.1    Maintenance                                          13
10.2    Works                                                13
11.     Obligations                                          13
11.1    Positive obligations                                 13
11.2    Negative obligations                                 13
12.     Access                                               13
12.1    State's right of access                              13
12.2    Exercise of rights                                   14
13.     Rights and obligations preserved                     14

14.     Quiet enjoyment                                      14

15.     Risk and liability                                   15
15.1    Risk                                                 15
15.2    State not liable                                     15
15.3    Indemnity for Concessionaire breach                  15
15.4    Release                                              15
16.     Termination                                          15
16.1    Termination of Lease                                 15
16.2    Consequences of termination                          16
16.3    Waiver                                               16
17.     Damages                                              16
17.1    Essential terms                                      16
17.2    Compensation for breach of essential term            16
17.3    Termination for breach of essential term             16
18.     Obligation to return land on termination or expiry   17

19.     Dispute resolution                                   17

20.     Assignment and subletting                            17
20.1    Restrictions on assignment                           17
20.2    Right to grant leases, sub-leases and licences       17
20.3    Transfer of interest                                 17
21.     Notices                                              18
21.1    General                                              18
21.2    Notices sent by e-mail                               18
21.3    Time of receipt                                      18
21.4    Address for Notices                                  19

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22.     Disclosure                                                          19
22.1    State disclosure                                                    19
23.     Public disclosure                                                   20

24.     General provisions                                                  20
24.1    No partnership or joint venture                                     20
24.2    Transfer of functions                                               20
24.3    Waiver                                                              20
24.4    Indemnity held on trust                                             21
24.5    Amendments                                                          21
24.6    Surviving provisions                                                21
24.7    Severability of provisions                                          21
24.8    No merger                                                           21
24.9    Contra proferentem                                                  21
24.10   Cost of performing obligations                                      21
24.11   Entire Lease                                                        21
24.12   Further assurance                                                   21
24.13   Counterparts                                                        22
24.14   Governing Law and jurisdiction                                      22
24.15   Exclusion of express and implied covenants, powers and provisions   22
24.16   Inconsistency                                                       22
24.17   Costs, registration fees and stamp duty                             22
Schedule 1 Definitions and interpretation                                   23

Schedule 2 Freeway Lease Plan                                               26

Signing page                                                                29

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Details

Date
Parties
Name                     The Minister for Roads and Road Safety on behalf of the Crown in right of the
                         State of Victoria
Short form name          State
Details                  60 Denmark Street, Kew, Victoria 3101

Name                     ConnectEast Nominee Company Pty Limited (ACN 108 736 992) as trustee of
                         the ConnectEast Asset Trust
Short form name          Concessionaire
Details                  2 Hillcrest Avenue, Ringwood, Victoria 3134

Background
A       The State has the power to grant this Lease under section 103 of the EastLink Project Act 2004
        (Vic).
B       Further background to the Project is set out in the Concession Deed.
C       As part of the development and implementation of the Project, the State has agreed to grant and
        the Concessionaire has agreed to accept a lease of the Land on the terms and conditions contained
        in this Lease.

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Agreed terms

1.      Definitions and interpretation
1.1     Concession Deed
        In this Lease any word, expression, reference or term used which is defined in the Concession
        Deed and is not specifically defined in Part 1 (Definitions) of Schedule 1 (Definitions and
        interpretation) will, unless the context requires otherwise, have the same meaning in this Lease as
        in the Concession Deed.

1.2     Definitions
        The terms set out in Part 1 (Definitions) of Schedule 1 (Definitions and interpretation) have the
        meanings set out in that part for the purposes of this Lease.

1.3     Interpretation
        The terms of this Lease will be construed in accordance with Part 2 (Interpretation) of Schedule 1
        (Definitions and interpretation).

2.      Delegation
2.1     Right to delegate
        The Concessionaire acknowledges that the State may exercise any right, statutory or otherwise, it
        has to appoint a person as a delegate to perform any of its functions, rights and powers under this
        Lease.

2.2     Notice of delegation
        The State will give the Concessionaire notice of:
        (a)         any delegate so appointed, setting out the delegated functions, rights and powers and
                    including a copy of the relevant instrument of appointment; and
        (b)         any revocation or change any delegation contemplated by clause 2.3 (Revocation or
                    amendment of delegation).

2.3     Revocation or amendment of delegation
        Any such delegation may be revoked, changed, delegated, limited or made subject to such
        conditions as the State determines from time to time.

2.4     No limitation of State obligations
        The appointment of a delegate to perform some or all of the functions, rights and powers of the
        State under this Lease will not limit or affect the State's obligations or liability under this Lease.

2.5     Unfettered discretion
        Subject to clause 2.4 (No limitation of State obligations), the parties acknowledge and agree that:
        (a)         nothing in this Lease or in any other Transaction Document will in any way unlawfully
                    restrict or otherwise unlawfully affect the unfettered discretion of the State to exercise its
                    executive powers or any of its functions or powers pursuant to any legislation;

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(b)         without limiting clause 2.5(a) (Unfettered discretion), anything which the State does, fails
                    to do or purports to do pursuant to its executive powers or its functions and powers under
                    any legislation will not be deemed to be an act or omission by the State under this Lease;
        (c)         unless by Law (other than the Project Legislation) or in the exercise of its executive
                    powers (other than under the Project Legislation) the State has a duty, or is required, to act
                    or not act, the State is not relieved from any Claim that the Concessionaire may have
                    against the State for exercising or not exercising any of its functions or powers in a
                    manner contrary to an express obligation of the State under this Lease or any other Project
                    Document, the existence of such obligation and the existence and amount of such Claim to
                    be assessed assuming clause 2.5(b) (Unfettered discretion) does not apply; and
        (d)         any term of this Lease which does or purports, in whole or part, to bind the State to
                    exercise any of its executive powers or its functions or powers pursuant to any legislation
                    must be interpreted subject to this clause 2.5 (Unfettered discretion).

3.      Reservations
3.1     Reservations in respect of minerals
        (a)         This Lease is granted subject to the reservation to the Crown in respect of the Land and
                    every part of it of all minerals within the meaning of the Mineral Resources (Sustainable
                    Development) Act 1990 (Vic) and petroleum within the meaning of the Petroleum Act
                    1958 (Vic) ('Reserved Minerals').
        (b)         For the duration of the Lease the State will not exercise any right in respect of the
                    Reserved Minerals.

3.2     Reservations in respect of adjoining land
        The Concessionaire acknowledges and agrees that the State has reserved the right for the State, its
        Associates and any other persons authorised by the State to enter upon the Land to construct,
        maintain, operate, develop and manage all adjoining land to the Land, including for service
        connection of adjoining land to Utility Infrastructure located on the Land.

3.3     Reservations in relation to Utility Infrastructure
        The Concessionaire acknowledges and agrees that subject to the Project Legislation and the Road
        Management Act 2004 (Vic):
        (a)         the State has reserved the right of Utility Infrastructure and non-road infrastructure (as
                    defined in the Road Management Act 2004 (Vic)), to remain or be constructed or installed
                    in, on, under, over or through the Land; and
        (b)         for the purpose of exercising the rights referred to in clause 3.3(a) (Reservations in
                    relation to Utility Infrastructure), the State has reserved the right for the State, its
                    Associates and any Utility to enter upon the Land (with or without vehicles or machinery).

3.4     Reservations in respect of Median
        The Concessionaire acknowledges and agrees that:
        (a)         the State has reserved the right for the State, its Associates and any other persons
                    authorised by the State to deal with the Median in any manner, including, without
                    limitation, its operation, redevelopment and construction; and
        (b)         for the purpose of exercising the rights referred to in clause 3.4(a) (Reservations in respect
                    of Median), the State has reserved the right for the State, its Associates and any other
                    persons authorised by the State to enter upon the Land (with or without vehicles and

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machinery) to have access to and egress from the Median and to enter into agreements
                    with any person, party or corporation to deal with the Median.

3.5     Conditions in reservations - Provisions of Concession Deed apply
        The parties agree that the provisions of clause 36.4 (Proximate State Work) of the Concession
        Deed apply to an exercise of any of the rights referred to in clauses 3.2 (Reservations in respect of
        adjoining land) or 3.4 (Reservations in respect of Median).

3.6     Exclusion
        Clause 3.5 (Conditions in reservations - Provisions of Concession Deed apply) does not apply to
        limit or detract from any powers, functions or duties granted to the State, a Utility or a Public
        Authority under the Project Legislation or the Road Management Act 2004 (Vic).

4.      Lease and restrictions, functions and duties
4.1     Grant of Lease
        The State grants to the Concessionaire as tenant a lease of the Land for the Term on the terms and
        conditions set out in this Lease.

4.2     Holding over
        If the State permits the Concessionaire to continue to occupy the Land beyond the expiration of
        the Term, the Concessionaire will occupy as a monthly tenant at a monthly rental equal to one
        twelfth of the Rent and otherwise on the same terms and conditions, so far as applicable, as this
        Lease. Subject to clause 16.1(b) (Termination of Lease), the tenancy created under this clause 4.2
        (Holding over) is determinable by either party on 1 month's notice to the other party.

4.3     Concessionaire’s acknowledgment
        The Concessionaire acknowledges this Lease and the Concessionaire's rights in respect of the
        Land are subject to:
        (a)         all interests, rights, easements and reservations affecting the Land;
        (b)         except as otherwise provided in clause 14 (Land Conditions and Environmental Issues) of
                    the Concession Deed, any defects, whether latent or patent, in the Land; and
        (c)         the rights reserved by the State under the Concession Deed, including the Step-In Rights
                    contained in clause 70 (Step-In) of the Concession Deed.

5.      Negation of representations and warranties
        The State makes no representations (express or implied) and gives no warranties (express or
        implied):
        (a)         that the Land or any other land is now or will remain suitable or adequate for all or any of
                    the purposes contemplated in the Concession Deed; and
        (b)         except as otherwise provided in clause 14 (Land Conditions and Environmental Issues) of
                    the Concession Deed, as to the Land Conditions of the Land or any other land,
        and all warranties (if any) and representations (if any) as to the matters referred to in this clause 5
        (Negation of representations) implied by Law, are to the extent permitted by Law, expressly
        negated.

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6.      Use of Land
6.1     Permitted use
        The Concessionaire must only use the Land for those purposes permitted under the Concession
        Deed.

6.2     Approvals
        Subject to the Project Legislation, the Concessionaire must obtain and comply with all Approvals
        necessary in connection with the Land including those necessary for the use and occupation of the
        Land.

6.3     Compliance with Laws
        Without limiting the Concessionaire's rights to redress under clause 45 (Key Risk Management
        Regime) of the Concession Deed, the Concessionaire must comply with all Laws from time to
        time applicable to the Land or the use or occupation of the Land.

6.4     Compliance with notices
        Without limiting the Concessionaire's rights to redress under clause 45 (Key Risk Management
        Regime) of the Concession Deed and subject to clauses 14.6(b)(ii) (Native Title Application) and
        14.6(c)(ii) (Performance of obligations) of the Concession Deed, the Concessionaire must at its
        own cost and expense comply with all notices, orders and directions issued or given by a
        Government Agency which affect or relate to the Land and the use or occupation of the Land,
        regardless of whether the notice, order or direction is addressed to or requires compliance by
        either or both of the State and the Concessionaire or any other person.

6.5     Notices
        A party which receives a notice, order or direction from a Government Agency which affects or
        relates to the Land or the use or occupation of the Land must promptly give a copy of that notice,
        order or direction to the other party.

6.6     No nuisance
        During the Term, the Concessionaire covenants and agrees:
        (a)         not to use, exercise or carry on or permit to be used, exercised or carried on in or upon the
                    Land any noxious or offensive act, trade, business or occupation; or
        (b)         not to do or permit or omit to be done in or upon the Land anything which is or may be to
                    the annoyance, nuisance, grievance, damage or disturbance of the State or persons
                    otherwise lawfully on the Land or occupiers or owners of any adjacent land or land within
                    the vicinity of the Land,
         except where an unavoidable consequence of the performance of the Construction Activities or
         the Operation Activities in accordance with the Concession Deed.

7.      Rent and outgoings
7.1     Payment of Rent
        (a)         The Concessionaire must during the Term pay the Rent in advance to the State, or to
                    another party as the State may from time to time direct, without demand from the State.
        (b)         The payment of Rent by the Concessionaire under this Lease will not abate during the
                    Term for any reason.

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(c)         The Concessionaire must during the Term pay any Additional Rental to the State, or to
                    another party as the State may from time to time direct without demand from the State, at
                    the time for payment of the Additional Rental specified in the Concession Deed.

7.2     Rates
        (a)         Concessionaire's obligations
                    Subject to the Project Legislation, if Rates are assessed in respect of the Land:
                    (i)    to the extent that Rates are separately assessed, the Concessionaire must pay the
                           relevant Government Agency when due or reimburse to the State on demand if
                           paid by the State, all Rates; and
                    (ii)   to the extent that Rates are not separately assessed, the Concessionaire must pay
                           the relevant Government Agency when due or reimburse to the State on demand if
                           paid by the State, a proportion of the Rates equal to the area that part of the Land
                           bears to the total area assessed.
        (b)         No abatement
                    During the Term, the payment of any Rates by the Concessionaire under this Lease will
                    not abate for any reason.
        (c)         Apportionment of outgoings
                    On the expiration or termination of this Lease, all outgoings of a recurring nature must be
                    apportioned between the State and the Concessionaire and the balance paid or received as
                    the case may require.

7.3     Charges for Utility services
        The Concessionaire must pay all charges (including service charges) for Utility services to or
        from the Land, together with any costs charged or levied by the service provider in respect of the
        provision or maintenance of the infrastructure which provides or supplies those services
        exclusively to the Land.

7.4     Separate metering
        The Concessionaire must install, or arrange for the installation of, meters at the Concessionaire’s
        own cost and expense for the recording or metering of any of the Utility services or substances
        provided or supplied to the Land.

7.5     Shared Utility services
        (a)         Apportionment of cost
                    Where the infrastructure which provides or supplies any of the Utility services referred to
                    in clause 7.3 (Charges for Utility services) provides or supplies those services not only to
                    part of the Land but also to other land owned by or leased or licensed to the State or any
                    other Government Agency, and if no separate meter can be installed for recording or
                    metering of any of those Utility services under clause 7.4 (Separate metering), the
                    Concessionaire must pay or reimburse the State (as the case may be), a proportion of any
                    costs charged or levied by the service provider in respect of the provision or maintenance
                    of that infrastructure, such proportion to be calculated as follows:
                    (i)    in respect of the infrastructure relating to the provision or supply of Utility
                           services except services referred to in sub-paragraph (ii), the proportion will be the
                           proportion which the number of outlets for the applicable Utility service within
                           that part of the Land serviced by that infrastructure bears to the total number of
                           outlets for that Utility service within the total area of the land owned by or leased

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or licensed to the State or any other Government Agency of the State which is
                           serviced by that infrastructure; and
                    (ii)   in respect of drainage, the proportion will be the proportion which the area of that
                           part of the Land which is serviced by the relevant drain bears to the total area of
                           the land owned by or leased or licensed to the State or any other Government
                           Agency of the State which is serviced by that drain.
        (b)         Certificate of cost
                    A certificate from the State stating the amount the Concessionaire must pay or reimburse
                    the State (as the case may be) under this clause 7.5 (Shared Utility services) is conclusive
                    evidence of the amount owing at the date of the certificate except in the case of manifest
                    error.

7.6     Payment by State
        Subject to the Project Legislation, if the Concessionaire defaults in the payment of any Rates
        under clause 7.2 (Rates ) or any of the costs or charges referred to in clauses 7.3 (Charges for
        Utility services), 7.4 (Separate metering) or 7.5 (Shared Utility services), the State may (without
        limiting any other rights and remedies of the State) pay the Rates or the costs or charges, and the
        Concessionaire must on demand reimburse the State the amount so paid.

8.      Goods and services tax
8.1     GST to be added to amounts payable
        If a party to this Lease (Taxable Supplier) makes a Supply to another party (Taxable Recipient)
        under, by reference to or in connection with this Lease, that is a Taxable Supply, other than a
        Taxable Supply the Consideration for which is expressly agreed to be 'GST inclusive', the
        Consideration for that Taxable Supply is increased by, and the Taxable Recipient must also pay
        an amount equal to, the GST Amount.

8.2     Tax Invoice and Adjustment Note
        The Taxable Supplier will provide the Taxable Recipient with a Tax Invoice in respect of any
        Taxable Supply made under, by reference to or in connection with this Lease, and an Adjustment
        Note in respect of any Adjustment Event arising in relation to a Taxable Supply under, by
        reference to or in connection with this Lease.

8.3     Liability net of GST
        Any reference in the calculation of Consideration under this Lease to a cost, expense or other
        Liability incurred by a person, will exclude the amount of any Input Tax Credit entitlement of that
        person in relation to an Acquisition to which the relevant cost, expense or other Liability relates.
        A person will be assumed to have an entitlement to a full Input Tax Credit unless it demonstrates
        otherwise prior to the date on which the Consideration must be provided.

8.4     Revenue exclusive of GST
        Except to the extent that the contrary intention is expressly stated, any reference in this Lease to
        price, value, sales, proceeds, revenue or a similar amount (Revenue), will be a reference to that
        Revenue determined on a GST exclusive basis.

8.5     Cost exclusive of GST
        Except to the extent that the contrary intention is expressly stated, any reference in this Lease
        (other than in the calculation of Consideration) to cost, expense or other similar amount (Cost),
        will be a reference to that Cost reduced by any Input Tax Credit to which that person is entitled in
        relation to an Acquisition to which the relevant Cost relates. A person will be assumed to have an
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entitlement to a full Input Tax Credit unless it demonstrates otherwise prior to the date on which
        the Consideration must be provided.

8.6     Adjustment of consideration
        If the amount of GST recovered by the Taxable Supplier from the Taxable Recipient differs from
        the amount of GST payable at law by the Taxable Supplier (or an entity grouped with the Taxable
        Supplier for GST purposes) in respect of the supply, the amount of the difference must be paid by,
        or refunded to the Taxable Recipient, as the case may be.

9.      General
9.1     Interest
        If any moneys due and owing to the State or the Concessionaire under this Lease or any other
        Project Document remain unpaid after the date upon which, or after the expiration of the period
        within which, they should have been paid, then (unless interest at the Default Rate is already
        accruing on those unpaid moneys) interest at the Default Rate, calculated daily, will be payable on
        those moneys from the date upon which, or from the date of the expiration of the period within
        which, they should have been paid, up to and including the date upon which the moneys are paid,
        compounded on the last Business Day of each month.

9.2     No deductions, set off or counterclaim
        Subject to clause 9.3 (Set off), all payments by the one party to the other under a Project
        Document must be:
        (a)         unless it is expressly stated that a demand is required, made without demand from the
                    other party;
        (b)         free of any set off or counterclaim; and
        (c)         without deduction or withholding for any present or future Taxes unless the party is
                    compelled by law to deduct or withhold any such Taxes.

9.3     Set off
        (a)         Except as set out in clause 43.3(b) (Exception to State set off) of the Concession Deed, the
                    State may set off or deduct from any moneys payable by the State to the Concessionaire
                    under the Project Documents any amounts:
                    (i)     for which the Concessionaire must reimburse the State;
                    (ii)    which the State pays on the Concessionaire’s behalf; or
                    (iii)   which are then due and payable by the Concessionaire to the State (whether or not
                            such amounts are expressed to be a debt due from the Concessionaire to the State),
                    under or in connection with the Project Documents.
        (b)         The Concessionaire must make all payments to the State or its Associates under or in
                    connection with the Project Documents without set off or counterclaim and without any
                    deduction.
        (c)         In this clause 9.3 (Set off), the term 'amount' includes fees, costs, indemnities, charges,
                    duties, penalties, expenses and liquidated or unliquidated damages.

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10. Maintenance and works
10.1 Maintenance
        The Concessionaire must maintain the Land and the Freeway in accordance with the
        Concessionaire’s obligations under the Concession Deed.

10.2 Works
        (a)         Under Concession Deed
                    The Concessionaire may undertake works on or to the Land to the extent that those works
                    form part of or are associated with any Works or Operation Activities undertaken by the
                    Concessionaire under the Concession Deed or are otherwise required or permitted under
                    the Concession Deed.
        (b)         Other works
                    Except as provided for in clause 10.2(a) (Under Concession Deed), the Concessionaire
                    must not undertake works on or to the Land without the State’s prior written consent.

11. Obligations
11.1 Positive obligations
        The Concessionaire must comply with all of its obligations under the Concession Deed so far as
        they apply to this Lease.

11.2 Negative obligations
        The Concessionaire:
        (a)         must take all reasonable measures to avoid obstructing access to, overloading or otherwise
                    interfering with, obstructing or damaging the Utility Infrastructure or non-road
                    infrastructure (as defined in the Road Management Act 2004 (Vic));
        (b)         must not, otherwise than in accordance with its rights or obligations under the Concession
                    Deed, damage or destroy anything on the Land; and
        (c)         must not without the State's approval, keep or use inflammable, explosive or volatile
                    materials on the Land.

12. Access
12.1 State's right of access
        When and so often as the State reasonably requires during the Term, the State, its Associates or
        any other persons authorised by the State may enter the Land (with or without vehicles and
        equipment) to:
        (a)         make reasonable investigations as the State, its Associates or those authorised by the State
                    deem necessary for the purpose of ascertaining whether or not there has been any breach
                    of any of the terms, covenants or conditions expressed or implied in this Lease or any
                    other Project Document;
        (b)         carry out any repairs, alterations, additions or other work necessary to comply with the
                    State’s obligations under this Lease, at Law, or under the exercise by the State of any
                    statutory functions;

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(c)         exercise any rights under clauses 3.2 (Reservations in respect of adjoining land) or 3.4
                    (Reservations in respect of Median), and access any works undertaken under those rights
                    once completed;
        (d)         exercise any other powers and rights of the State under this Lease or any other Project
                    Document; or
        (e)         exercise the Step-In Rights contained in clause 70 (Step-In) of the Concession Deed.

12.2 Exercise of rights
        In exercising its rights under clause 12.1 (State's right of access), except in the case of an exercise
        of the Step-In Rights contained in clause 70 (Step-In) of the Concession Deed or unless the
        Project Legislation specifies otherwise the State must:
        (a)         give to the Concessionaire reasonable notice of the intention to enter upon the Land
                    (except in the case of an emergency when no notice will be required); and
        (b)         as far as practicable, ensure that any persons entering the Land comply with all applicable
                    Laws and use reasonable endeavours to minimise, as far as may be practicable, any
                    inconvenience or interruption to the Concessionaire's lawful use and occupation of the
                    Land.

13. Rights and obligations preserved
        This Lease does not affect the rights and obligations of the parties under the Concession Deed
        and, without limitation, the Concessionaire specifically agrees to acknowledge the rights of the
        State and to observe the Concessionaire's obligations contained in the following clauses of the
        Concession Deed in relation to the Land:

        (a)         clause 12.4 (Partial surrender of Freeway Lease);
        (b)         clause 13.2 (The Median);
        (c)         clause 14.1 (Responsibility for land);
        (d)         clause 14.2 (General environmental compliance);
        (e)         clause 14.4 (Contamination);
        (f)         clause 14.6 (Native Title);
        (g)         clause 14.7 (Artefacts); and
        (h)         clause 51 (Insurance).

14. Quiet enjoyment
        The Concessionaire will and may peaceably possess and enjoy the Land for the Term without any
        interruption or disturbance from the State or any other person or persons lawfully claiming by,
        from or under the State, except where an interruption or disturbance results from the exercise by
        the State, any Utility, any Public Authority or any other person of any right of the State, the
        Utility, the Public Authority or that other person in this Lease or any other Project Document
        expressly or impliedly conferred (including the State’s Step-In Rights contained in clause 70
        (Step-In) of the Concession Deed).

Legal\301659392.2                                      Page 14
15. Risk and liability
15.1 Risk
        Subject to clause 45 (Key Risk Management Regime) of the Concession Deed, and except in
        relation to obligations or responsibilities expressly undertaken, or the risks expressly accepted or
        retained by the State under the Project Documents, the Concessionaire accepts and will bear all
        risks relating to the use and occupation of the Land.

15.2 State not liable
        To the extent permitted by Law, neither the State nor any of its Associates will have any Liability,
        nor will the Concessionaire be entitled to make, continue or enforce any Claim against, or seek,
        pursue or obtain an indemnity against or contribution to Liability from the State or any of its
        Associates arising out of or in respect of or in connection with, any risk contemplated by clause
        15.1 (Risk) having eventuated, and:
        (a)         the Concessionaire releases the State and its Associates from any such Claim or Liability;
                    and
        (b)         the Concessionaire indemnifies the State and its Associates against any Liability it incurs
                    to any person by way of indemnity against, or contribution to, the Liability of that person
                    to the Concessionaire arising out of or in respect of or in connection with any such Claim
                    or Liability.

15.3 Indemnity for Concessionaire breach
        The Concessionaire must indemnify the State (in its capacity as landlord) and its Associates on
        demand from and against all Claims, Liability or Loss (including any Claim made by, or Liability
        to, a third party) the State or any of its Associates suffers or incurs arising out of or in respect of
        or in connection with the Concessionaire breaching any provisions of this Lease.

15.4 Release
        Subject to clause 45 (Key Risk Management Regime) (to the extent that such clause relates to the
        obligations of the State) and clause 67.5 (Acknowledgment by State) of the Concession Deed, and
        except in relation to obligations or responsibilities expressly undertaken, or the risks expressly
        accepted or retained by the State or its Associates under the Project Documents or the Project
        Legislation, the Concessionaire releases the State and its Associates, to the maximum extent
        permitted by Law, from all Claims and Liabilities of any kind which arise from:
        (a)         any accident, damage or injury occurring on the Land, the Median or the Freeway except
                    to the extent caused by the State or its Associates; and
        (b)         the Concessionaire’s use or occupation of the Land, the Median or the Freeway except to
                    the extent any Claim or Liability is caused by the State or its Associates; or
        (c)         the performance of this Lease (including any Claim made under Part 2A of the Wrongs
                    Act 1958 (Vic)) except to the extent any Claim or Liability arises from the State's non-
                    performance of this Lease.

16. Termination
16.1 Termination of Lease
        This Lease will automatically terminate on the earlier to occur of:
        (a)         the expiration of the Term or the expiration of any holding over under the Lease; and
        (b)         the termination of the Concession Deed,

Legal\301659392.2                                      Page 15
but may not otherwise be terminated.

16.2 Consequences of termination
        Upon termination of this Lease, the rights and obligations of the parties under this Lease will
        cease except for:
        (a)         any accrued rights or obligations under this Lease;
        (b)         any rights or obligations which are expressed to continue after termination of this Lease or
                    any other Transaction Document; and
        (c)         (as applicable) the rights and obligations of the parties under clause 18 (Obligation to
                    return land on termination or expiry).

16.3 Waiver
        If this Lease is lawfully terminated in accordance with clause 16.1 (Termination of Lease), the
        Concessionaire waives any right it might otherwise have to pursue a claim of restitution of any
        kind including a claim of unjust enrichment or quantum meruit but this does not affect the
        Concessionaire's rights under clause 68.2 (Early Termination Amount) of the Concession Deed.

17. Damages
17.1 Essential terms
        Each of the covenants by the Concessionaire, which are specified in this clause 17.1 (Essential
        terms), is an essential term of this Lease:
        (a)         clause 6 (Use of Land);
        (b)         clause 7 (Rent and outgoings);
        (c)         clause 10 (Maintenance and works);
        (d)         clause 13 (Rights and obligations preserved); and
        (e)         clause 20 (Assignment and subletting).

17.2 Compensation for breach of essential term
        (a)         Concessionaire to compensate
                    The Concessionaire covenants to compensate the State in respect of any breach of an
                    essential term of this Lease and the State is entitled to recover damages from the
                    Concessionaire in respect of such breaches.
        (b)         State's rights not affected
                    The State's entitlement to recover compensation will not be affected or limited by any one
                    of the following:
                    (i)     if the Concessionaire abandons or vacates the Land;
                    (ii)    if this Lease simultaneously terminates on the termination of the Concession Deed;
                    (iii)   if the State accepts the Concessionaire's repudiation of this Lease; or
                    (iv)    if the parties' conduct constitutes a surrender by operation of law.

17.3 Termination for breach of essential term
        Subject to clause 16.1 (Termination of Lease), a breach of any essential term as referred to in this
        clause 17 (Damages) does not entitle the State to terminate this Lease unless that breach entitles
        the State to terminate the Concession Deed.
Legal\301659392.2                                      Page 16
18. Obligation to return land on termination or expiry
        (a)         Concessionaire's obligations
                    On the termination or expiry of this Lease, the Concessionaire must, in accordance with
                    the requirements of the Concession Deed:
                    (i)     return, and handover to the State, the Land and the Freeway; and
                    (ii)    deliver the Plant to the State,
                    including all of the Concessionaire’s right, title and interest in and to the Land, the
                    Freeway, the improvements and the Plant:
                    (iii)   free from any encumbrances; and
                    (iv)    in a state and condition which complies with the Concessionaire’s obligations
                            under this Lease and the Concession Deed.
        (b)         State to acquire title
                    All of that property referred to in clause 18(a) (Concessionaire's obligations) will, without
                    further action by any party, immediately vest in and become the absolute property of the
                    State, and the Concessionaire will cease to have any right, title or interest in or to it.

19. Dispute resolution
        The State and the Concessionaire agree that any dispute arising under this Lease must be referred
        for expert determination under clause 73 (Expert determination) of the Concession Deed.

20. Assignment and subletting
20.1 Restrictions on assignment
        Other than the granting of a Permitted Security Interest or in accordance with clause 76.1
        (Assignment) of the Concession Deed, the Concessionaire must not:
        (a)         create or allow to exist any Security Interest over; or
        (b)         assign, transfer, dispose of, part with possession of, create or allow any interest in, or
                    otherwise deal with,
        any of its rights or obligations under this Lease without the prior consent of the State which may
        be given, given on conditions or withheld at the discretion of the State.

20.2 Right to grant leases, sub-leases and licences
        The Concessionaire may only grant leases, sub-leases and licences over parts of the Land in
        accordance with the provisions of clause 76 (Assignment and security) of the Concession Deed or
        to ConnectEast on the terms of the Sub-Lease.

20.3 Transfer of interest
        (a)         Transfer of interest by Concessionaire
                    If the Concessionaire assigns, transfers, disposes of, parts with possession of, creates or
                    allows any interest in, or otherwise deals with its interest in this Lease, the Concessionaire
                    must at its own cost obtain a covenant by deed, from the transferee and any other person
                    nominated by the State, in favour of the State, that the transferee will comply with and be
                    bound by the provisions of this Lease in form and substance approved by the State. The

Legal\301659392.2                                       Page 17
deed must be executed and delivered to the State before the transfer or other dealing takes
                    effect.
        (b)         Transfer of interest by State
                    If the State sells, transfers or otherwise disposes of the Land, the Concessionaire must, if
                    and when requested by the State and at the Concessionaire's cost, enter into a covenant by
                    deed with the transferee or purchaser of the Land, that the Concessionaire and the
                    transferee or purchaser will comply with and be bound by the provisions of this Lease in
                    form and substance approved by the State.
                    Subject to clause 76.1(e) (Permitted State dealings) of the Concession Deed, the State will
                    not assign, novate, mortgage, charge or otherwise deal with its interests in, or obligations
                    under, this Lease without the prior consent of the Concessionaire.

21. Notices
21.1 General
        Subject to clause 21.2 (Notices sent by e-mail), any notice, demand, consent or other
        communication (Notice) must be, if in writing, signed by or on behalf of the sender, addressed to
        the intended recipient and:
        (a)         delivered;
        (b)         sent by prepaid mail (or if posted to another country, by registered airmail); or
        (c)         transmitted by facsimile,
        to that recipient's address or facsimile number specified in clause 21.4 (Address for Notices) or
        the last address or facsimile number notified by that recipient to the sender.

21.2 Notices sent by e-mail
        A Notice may also be sent by e-mail if the Notice is:
        (a)         authorised by the sender in accordance with a procedure agreed between the parties; and
        (b)         sent to the e-mail address specified in clause 21.4 (Address for Notices) or the e-mail
                    address last notified by the intended recipient to the sender.

21.3 Time of receipt
        A Notice given to a person in accordance with this clause 21(Notices) is treated as having been
        given and received:
        (a)         in the case of delivery in person, when delivered to the intended recipient or their
                    premises;
        (b)         in the case of delivery by post, 2 Business Days after the date of posting (if posted to an
                    address in the same country) or 7 Business Days after the date of posting (if posted to an
                    address in another country); and
        (c)         in the case of delivery by facsimile, on receipt by the sender of a transmission control
                    report from the despatching machine showing the relevant number of pages and the
                    correct destination facsimile number or name of the intended recipient and indicating that
                    the transmission has been made without error; or
        (d)         in the case of delivery by e-mail, the first to occur of:

Legal\301659392.2                                       Page 18
(i)       receipt by the sender of an e-mail acknowledgment from the intended recipient’s
                              information system showing that the Notice has been delivered to the e-mail
                              address of that recipient;
                    (ii)      the time that the Notice enters an information system which is under the control of
                              the intended recipient; and
                    (iii)     the time that the Notice is first opened or read by an employee or officer of the
                              intended recipient,
                    but if the result is that a Notice would be taken to be given or made on a day that is not a
                    Business Day in the place to which the Notice is sent or at later than 4.00pm (local time)
                    on a Business Day, the Notice will be taken to have been duly given or made at the start of
                    business on the next Business Day in that place.

21.4 Address for Notices
        The address, facsimile number and e-mail address of each party is:
        (a)         the address, facsimile number and e-mail address set out below; or
        (b)         where the intended recipient notifies the sender of another address, facsimile number or e-
                    mail address, the last address or number so notified by that recipient to the sender.
        STATE
        Attention:                   Chief Executive, Roads Corporation
        Address:                     60 Denmark Street, Kew, Victoria 3101
        Facsimile:                   (03) 9853 0512
        E-mail:                      commercial.roads@roads.vic.gov.au
        CONCESSIONAIRE
         Attention:                  Company Secretary, ConnectEast Nominee Company Pty Limited
        Address:                     ConnectEast Nominee Company Pty Ltd, 2 Hillcrest Avenue, Ringwood,
                                     Victoria 3134
        Facsimile:                   (03) 9955 1701
        E-mail:                      thudson@connecteast.com.au

22. Disclosure
22.1 State disclosure
        The State may publish or disclose (on the internet or otherwise):
        (a)         the terms and conditions of this Lease; and
        (b)         any documents or information arising under, out of or in connection with this Lease, or
                    relating to the performance of this Lease,
        (c)         except:
                    (i)       for the terms of the Financing Documents, the Construction Contract and the
                              Operation and Maintenance Agreement; and
                    (ii)      to the extent that any documents or information described in clause 22.1 (State
                              disclosure) have or has been identified by the Concessionaires, and agreed by the
                              parties, as being confidential to the Concessionaires,
Legal\301659392.2                                        Page 19
and the disclosure of such documents or information is not otherwise within the scope of
                    clause 23 (Public disclosure).

23. Public disclosure
        (a)         Public Disclosure Obligations
                    The Concessionaire acknowledges and agrees that disclosure by the State, the Minister or
                    any Victorian Government Agency may be required:
                    (i)     under the Freedom of Information Act 1982 (Vic);
                    (ii)    under the Ombudsman Act 1973 (Vic); or
                    (iii)   to satisfy the disclosure requirements of the Victorian Auditor General and to
                            satisfy the requirements of Parliamentary accountability, or, in the case of the
                            Minister, to fulfil his or her duties of office,
                    (Public Disclosure Obligations).
        (b)         Endeavours to assist
                    The Concessionaire must, at its own cost and expense, use all reasonable endeavours to
                    assist the State, the Minister or a Victorian Government Agency in meeting its Public
                    Disclosure Obligations.

24. General provisions
24.1 No partnership or joint venture
        Except as expressly provided in this Lease nothing contained or implied in this Lease or any other
        Project Document will:
        (a)         constitute or be deemed to constitute a party as a partner, joint venturer, agent or legal
                    representative of any other party for any purpose; or
        (b)         create or be deemed to create any partnership, joint venture, agency or trust between the
                    parties or any of them.

24.2 Transfer of functions
        (a)         Transfer on succession
                    If an authority, institute or association or other body referred to in this Lease is
                    reconstituted, renamed or replaced or if its powers or functions are transferred to another
                    entity, this Lease is deemed to refer to that new entity.
        (b)         Transfer on cessation
                    If an authority, institute or association or other body referred to in this Lease ceases to
                    exist, this Lease is deemed to refer to that entity which serves substantially the same
                    purpose or object as the former entity.

24.3 Waiver
        Subject to the express provisions of this Lease, if a party or any other person fails or delays in
        exercising or enforcing any right or remedy under this Lease, it will not preclude or amount to a
        waiver of any further exercise or enforcement of that right or remedy or of any other right or
        remedy under this Lease or provided by Law.

Legal\301659392.2                                       Page 20
24.4 Indemnity held on trust
        The State and the Concessionaire each declares and acknowledges that:
        (a)         each indemnity referred to in this Lease in favour of any of the State's Associates is held
                    on trust by the State for the benefit of any of the State's Associates from the date of this
                    Lease; and
        (b)         the consent of the State's Associates referred to in clause 24.4(a) (Indemnity held on trust)
                    will not be required for any amendment to, or waiver of rights under, this Lease.

24.5 Amendments
        Any amendment to this Lease must only be made in writing.

24.6 Surviving provisions
        (a)         An indemnity given under this Lease survives the termination of this Lease.
        (b)         The rights and obligations of the parties set out in clauses 8 (Goods and services tax), 13
                    (Rights and obligations preserved), 15 (Risk and liability), 16 (Termination),
                    18 (Obligation to return land on termination or expiry), 21 (Notices) and this clause will
                    survive the termination of this Lease.
        (c)         Any rights or obligations accrued as a result of an Event of Default survive termination of
                    this Lease.

24.7 Severability of provisions
        Any provision of this Lease that is prohibited or unenforceable in any jurisdiction is ineffective as
        to that jurisdiction to the extent of the prohibition or unenforceability. This does not invalidate
        the remaining provisions of this Lease nor affect the validity or enforceability of that provision in
        any other jurisdiction.

24.8 No merger
        The rights and obligations of the parties will not merge on the completion of any transaction
        contemplated by this Lease. They will survive the execution and delivery of any assignment or
        other document entered into for the purpose of implementing a transaction.

24.9 Contra proferentem
        In the interpretation of this Lease, no rule of construction applies to the disadvantage of one party
        on the basis that it put forward this Lease or any part of it.

24.10 Cost of performing obligations
        A party who has an obligation to do any thing under this Lease must perform that obligation at its
        own cost and expense, unless a provision of this Lease expressly provides otherwise.

24.11 Entire Lease
        This Lease and the other Project Documents contain the entire agreement of the parties with
        respect to the transactions contemplated by it. There are no understandings, agreements,
        warranties or representations (express or implied) with respect to the transactions contemplated by
        this Lease except for those referred to in it or the other Project Documents.

24.12 Further assurance
        Each party must sign, execute, deliver and do all such acts and things as may reasonably be
        required of it to carry out and give full effect to this Lease and the rights and obligations of the
        parties to it.

Legal\301659392.2                                      Page 21
24.13 Counterparts
        This Lease may be executed in any number of counterparts and all counterparts taken together
        will constitute one and the same instrument.

24.14 Governing Law and jurisdiction
        (a)         This Lease will be governed by, and construed in accordance with, the laws of Victoria.
        (b)         The parties submit to the non-exclusive jurisdiction of the courts of Victoria.

24.15 Exclusion of express and implied covenants, powers and provisions
        (a)         The covenants and powers implied by the Transfer of Land Act 1958 (Vic) do not apply
                    and will not be implied in this Lease except to the extent those covenants and powers are
                    included in the covenants and powers contained in this Lease.
        (b)         The provisions of section 144 of the Property Law Act 1958 (Vic) do not apply and will
                    not be implied in this Lease.

24.16 Inconsistency
        If there is a conflict or inconsistency between this Lease and the Concession Deed, the provisions
        of the Concession Deed will prevail.

24.17 Costs, registration fees and stamp duty
        (a)         Subject to clause 24.17(b) (Costs, registration fees and stamp duty), each party must bear
                    its own costs arising out of the negotiation, preparation and execution of this Lease.
        (b)         All registration fees and stamp duty (including fines, penalties and interest) that may be
                    payable on or in connection with this Lease and any instrument executed under this Lease,
                    must be borne by the Concessionaire (except for a transfer or disposal referred to in
                    clause 20.3(b) (Transfer of interest by State) unless effected following a breach of any
                    Project Document by the Concessionaire).

Legal\301659392.2                                      Page 22
Schedule 1 Definitions and interpretation

1.      Definitions
        The following words or phrases, where they appear in this Lease have the following meaning
        unless the context requires otherwise:
        Additional Rental means any additional rental calculated as payable by the Concessionaire or
        ConnectEast under clause 39 (Additional Lease Rental) or 40 (Compensable Enhancements) of
        the Concession Deed.
        Commencement Date means
        (a)         for Section 1: 13 June 2008; and
        (b)         for Sections 2 to 5 (inclusive): 28 May 2008.
        Concession Deed means the EastLink Concession Deed between the State, the Concessionaire
        and ConnectEast.
        ConnectEast means ConnectEast Pty Limited (ACN 101 213 263).
        Cost has the meaning given to it in clause 8.5 (Cost exclusive of GST).
        Crown means the Crown in right of the State of Victoria.
        GST Amount means, in relation to a Taxable Supply, the Consideration otherwise payable under
        this Lease or any Transaction Document for that Taxable Supply, but for the operation of clause
        8.1 (GST to be added to amounts payable) multiplied by the Rate of GST prevailing at the time
        that the supply is made.
        Land means the stratum of land described in Schedule 2 (Freeway Lease Plan) which, unless the
        plans referred to in Schedule 2 (Freeway Lease Plan) specifically provide otherwise, extends
        vertically to the extent required to cover that part of the Works installed to operate the Freeway
        (eg pavement, drainage, toll gantries, pedestrian bridges) and to enable use of the Freeway for the
        passage of vehicular traffic, subject to the Vertical Limits.
        Lease means this lease.
        Median means the area cross-hatched on the Freeway Lease Plans referred to in Schedule 2
        (Freeway Lease Plan).
        Public Authority has the meaning given to it in the Project Legislation.
        Rates means all rates and taxes (other than income tax and capital gains tax) and includes, but is
        not limited to, land tax, all charges, assessments, duties and fees, whether municipal, local,
        governmental, parliamentary or otherwise, levied, assessed or charged (irrespective of ownership)
        in respect of the Land.
        Rent means $10.00.
        Revenue has the meaning given to it in clause 8.4 (Revenue exclusive of GST).
        Sub-Lease means the sub-lease of the Land entered or to be entered into between the
        Concessionaire and ConnectEast contemplated by an agreement to sub-lease on or about the date
        of the Concession Deed.
        Taxable Recipient has the meaning given to it in clause 8.1 (GST to be added to amounts
        payable).
Legal\301659392.2                                      Page 23
Taxable Supplier has the meaning given to it in clause 8.1 (GST to be added to amounts
        payable).
        Term means the term commencing on the Commencement Date and ending at the end of the
        Concession Period, but subject to clause 16 (Termination).
        Vertical Limits means:
        (a)         where the Freeway passes over a Local Road or other similar feature such as a creek, river
                    or railway, the Freeway Lease will be limited vertically to the bridge superstructure, piers
                    and foundations;
        (b)         where the Freeway passes under a Local Road the Freeway Lease will be extended
                    vertically to include the bridge superstructure to the underside of the pavement on the
                    Local Road, and extended either side to the limits of the approach slabs and including
                    parapets; and
        (c)         where the Freeway passes under a railway the Freeway Lease will extend vertically to the
                    underside of the bridge overpassing the Freeway.

2.      Interpretation
2.1     General
        In this Lease, headings are for convenience only and do not affect their interpretation. Except to
        the extent that the context otherwise requires or except as expressly stated otherwise:
        (a)         references to this Lease include references to all the schedules, annexures and exhibits to
                    this Lease;
        (b)         references to appendices, clauses, paragraphs, sub-paragraphs, schedules, annexures or
                    exhibits in this Lease are references to appendices, clauses, paragraphs, sub-paragraphs,
                    schedules, annexures and exhibits of and to this Lease;
        (c)         references to any document or agreement (including this Lease) include references to such
                    document or agreement as amended, novated, replaced or supplemented from time to
                    time;
        (d)         references to any statute, regulation, by-law or guideline or to any provision of any statute,
                    regulation, by-law or guideline include any modification or re-enactment of, or any
                    provision substituted for, and (in the case of a statute) all statutory and subordinate
                    instruments issued under, such statute, regulation, by-law or guideline or such provision;
        (e)         words denoting the singular include the plural and vice versa;
        (f)         words denoting individuals or persons include corporations, partnerships, joint ventures,
                    unincorporated organisations or Governmental Agencies and vice versa;
        (g)         words denoting any gender include all genders;
        (h)         references to any party or person include that party's or person's successors or permitted
                    assigns;
        (i)         'writing' and cognate expressions include all means of reproducing words in a tangible and
                    permanently visible form;
        (j)         where any word or phrase is defined in this Lease, any other part of speech or other
                    grammatical form will have a corresponding meaning;
        (k)         subject to clause 8 (Goods and services tax), all accounting terms used in this Lease will
                    have the meaning given to those terms under, and all calculations and determinations as to
Legal\301659392.2                                      Page 24
financial matters will be made in accordance with, accounting principles and practices
                    generally accepted in Australia from time to time and consistently applied;
        (l)         'dollar' and '$' mean the lawful currency of Australia;
        (m)         the term 'including' and 'include' means 'including or include (as applicable)' without
                    limitation;
        (n)         the term 'operation' includes 'Tolling' and cognate expressions will be similarly
                    interpreted;
        (o)         the term 'land' includes interests in land;
        (p)         where an obligation or liability is imposed on the Concessionaire under this Lease that
                    obligation or liability is not to be limited or affected by an obligation or liability imposed
                    in another provision of this Lease unless expressly stated; and
        (q)         where a right or remedy is conferred on the State under this Lease, that right or remedy is
                    in addition to, and not in substitution of, any other right or remedy conferred on the State
                    under this Lease or otherwise according to Law;
        (r)         references to a notice, notification, record, report, consent, agreement, disclosure or
                    approval or any variation of those words are references to a notice, notification, record,
                    report, consent, agreement, disclosure or approval or any variation of those words, in
                    writing;
        (s)         the term 'may' when used in the context of a power or right exercisable by the State means
                    that the State can exercise that right or power in its absolute and unfettered discretion and
                    the State has no obligation to the Concessionaire to do so;
        (t)         where under this Lease the State may give its consent or approval or must either give its
                    consent or approval or do something else, the State has an absolute and unfettered
                    discretion as to whether it gives that consent or approval;
        (u)         a provision which is expressed to be 'subject to' another provision of this Agreement will
                    apply without limiting the operation of that other provision;
        (v)         any reference to obligations or Liabilities of either Concessionaire or both under a Project
                    Document will include references to any obligation or Liability of that Concessionaire
                    under any Agreement to Sub-Lease or any Freeway Sub-Lease; and
        (w)         any reference to an amount paid or payable under this Lease is a reference to the amount
                    excluding GST (if any).

2.2     Consents or approval
        If the doing of any act, matter or thing under this Lease is dependent on the consent or approval of
        a party or is within the discretion of a party, the consent or approval may be given, or the
        discretion may be exercised, conditionally or unconditionally or withheld by the party in its
        absolute and unfettered discretion unless express provision to the contrary has been made.
        However, a party may not require payment of a fee as condition of that consent or approval or of
        considering that consent or approval.

Legal\301659392.2                                       Page 25
Schedule 2 Freeway Lease Plan
       CROWN             PARISH         COUNTY    OP*
     ALLOTMENT

           2027     Nunawading      Bourke       122730
           2028     Nunawading      Bourke       122731
           2029     Nunawading      Bourke       122731
           2030     Nunawading      Bourke       122732
           2031     Nunawading      Bourke       122733
           2032     Nunawading      Bourke       122734
           2033     Nunawading      Bourke        122735
           2045     Warrandyte      Evelyn        122735
           2046     Warrandyte      Evelyn        122736
           2047     Warrandyte      Evelyn        122737
           2048     Warrandyte      Evelyn        122737
           2049     Warrandyte      Evelyn        122737
           2050     Warrandyte      Evelyn        122738
           2024     Ringwood        Mornington    122738
           2028     Ringwood        Mornington   122739A
           2123     Ringwood        Mornington   122740A
           2030     Ringwood        Mornington   122741A
           2031     Ringwood        Mornington   122741A
           2032     Ringwood        Mornington   122741A
           2033     Ringwood        Mornington   122741A
           2034     Ringwood        Mornington   122742A
           2035     Ringwood        Mornington    122743
           2036     Ringwood        Mornington   122744A
           2037     Ringwood        Mornington    122745
           2038     Ringwood        Mornington    122746
           2127     Scoresby        Mornington    122746
           2128     Scoresby        Mornington    122747
           2129     Scoresby        Mornington    122747
           2130     Scoresby        Mornington    122748
           2131     Scoresby        Mornington    122749
           2132     Scoresby        Mornington    122749
           2186     Scoresby        Mornington    122750
           2134     Scoresby        Mornington    122751
           2135     Scoresby        Mornington    122751
           2136     Scoresby        Mornington    122752
           2137     Scoresby        Mornington    122753
           2138     Scoresby        Mornington    122753
           2139     Scoresby        Mornington    122754
           2140     Scoresby        Mornington    122755
           2141     Scoresby        Mornington    122756
           2142     Scoresby        Mornington    122757
           2143     Scoresby        Mornington    122757
           2144     Scoresby        Mornington    122758
           2032     Narree Worran   Mornington    122758
           2033     Narree Worran   Mornington    122759
           2034     Narree Worran   Mornington    122760
           2029     Dandenong       Bourke        122760

Legal\301659392.2                    Page 26
CROWN            PARISH         COUNTY    OP*
     ALLOTMENT

           2030     Dandenong      Bourke        122761
           2031     Dandenong      Bourke        122762
           2032     Dandenong      Bourke        122763
           2033     Dandenong      Bourke        122763
           2034     Dandenong      Bourke        122763
           2035     Dandenong      Bourke        122763
           2036     Dandenong      Bourke        122764
           2037     Dandenong      Bourke        122765
           2038     Dandenong      Bourke       122766A
           2039     Dandenong      Bourke       122767A
           2170     Dandenong      Bourke       122767A
           2171     Dandenong      Bourke       122767A
           2040     Dandenong      Bourke       122768A
           2041     Dandenong      Bourke        122769
           2042     Dandenong      Bourke        122769
           2043     Dandenong      Bourke        122769
           2044     Dandenong      Bourke        122770
           2045     Dandenong      Bourke        122771
           2046     Dandenong      Bourke        122771
           2047     Dandenong      Bourke        122771
           2048     Dandenong      Bourke        122772
           2049     Dandenong      Bourke        122773
           2050     Dandenong      Bourke        122774
           2051     Dandenong      Bourke        122774
           2052     Dandenong      Bourke        122775
           2053     Dandenong      Bourke        122776
           2054     Dandenong      Bourke        122777
           2055     Dandenong      Bourke        122777
           2056     Dandenong      Bourke        122777
           2057     Dandenong      Bourke        122777
           2058     Dandenong      Bourke        122778
           2059     Dandenong      Bourke        122779
           2060     Dandenong      Bourke        122780
           2061     Dandenong      Bourke        122780
           2062     Dandenong      Bourke        122780
           2063     Dandenong      Bourke       122781A
           2064     Dandenong      Bourke        122782
           2065     Dandenong      Bourke        122783
           2066     Dandenong      Bourke        122783
           2067     Dandenong      Bourke        122783
           2068     Dandenong      Bourke        122784
           2017     Eumemmerring   Mornington    122784
           2018     Eumemmerring   Mornington    122785
           2019     Eumemmerring   Mornington    122786
           2020     Eumemmerring   Mornington    122786
           2021     Eumemmerring   Mornington    122786
           2022     Eumemmerring   Mornington    122787
           2023     Eumemmerring   Mornington    122788
           2033     Lyndhurst      Mornington    122789
           2034     Lyndhurst      Mornington    122790
           2035     Lyndhurst      Mornington    122790
           2036     Lyndhurst      Mornington    122790
Legal\301659392.2                   Page 27
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