2-6 NORBRIK DRIVE BELLA VISTA 2153 MULPHA NORWEST PTY LIMITED Planning Agreement

The Developer is seeking to develop the Subject Land for commercial, business office and retail purposes that will result in the total gross floor area of the buildings on the Land of up to (but not more than) 284,905 square metres that is the subject of one or more Planning Applications (Proposed Development). The Developer has made an offer to the Minister to enter into the Planning Agreement in connection with the Proposed Development.

The Planning Agreement provides that the Developer will make a monetary contribution of $4,836,000 (subject to indexation in accordance with the Planning Agreement) (Development Contribution) for the purposes of providing State infrastructure, being the intersection upgrade at Norwest Boulevarde, Lexington Drive and Elizabeth Macarthur Drive, Bella Vista (Road Works).

The Development Contribution will be payable on or before 31 December 2025 in accordance with Schedule 4 to the Planning Agreement.

The Developer is required to provide a $100,000 bank guarantee in accordance with Schedule 5 to the Planning Agreement.

The objective of the Planning Agreement is to facilitate the delivery of the Development Contribution towards the Road Works to support the Development.