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16 ARBITRATION

16.1 Reference to Arbitration

11 NOTICE OF TERMS

11.1 Notice of Disposal to third party

If the Crown Shareholder wishes to Dispose of all or any of the

4 DISPOSAL NOTICE

4.1 Crown Shareholder shall give Disposal Notice

4.1.1 If the Crown Shareholder decides to Dispose of any or all

ATTACHMENT 9.5

DEED OF GRANT OF RIGHT OF FIRST REFUSAL -
DUNEDIN AIRPORT
LIMITED
Clause 9.5)

Date:

BETWEEN

15.2 Consequence of failure to give Disposal Notice

If the Crown Shareholder defaults in giving a notice of the

9 NON-ACCEPTANCE OF OFFER

If:

3 PRELIMINARY DISPOSAL NOTICE

3.1 Crown Shareholder shall give Preliminary Disposal
Notice

If the Crown Shareholder decides to attempt to Dispose of any

ATTACHMENT 9.4
DEED OF GRANT OF RIGHT OF FIRST REFUSAL -
CHRISTCHURCH
INTERNATIONAL AIRPORT LIMITED
Clause 9.4)

Date:

BETWEEN

15.2 Consequence of failure to give Disposal Notice

If the New Crown Owner defaults in giving a notice of the

10 CONSEQUENCES OF LAPSE OF OFFER

If the Disposal Offer lapses in accordance with clause 5.2.1
or clause 9, then:

ATTACHMENT 9.3

DEED OF GRANT OF RIGHT OF FIRST REFUSAL -
MILFORD AIRPORT

Clause 9.3)

Date:

BETWEEN

3.3 Provision of Preliminary Information Package

Upon receipt of the confidentiality undertaking referred to in

13 DISPOSAL OF HIGHBANK ASSETS TO PARTY OTHER THAN THE
GRANTEE

13.1 Disposal to third party

If:

2.5 Grantee

Te Runanga acknowledges that it is the intention of the Crown
that this Deed will provide an opportunity to the Joint Venture Entity to

ATTACHMENT 9.2

DEED OF GRANT OF RIGHT OF FIRST REFUSAL -
HIGHBANK STATION

Clause 9.2)

Date:

BETWEEN

40. Non-derogation - Subject to clauses 41 and 42 of
this Schedule, nothing in this Schedule affects or derogates from the right of a

13. Determination by independent person -

ATTACHMENT 9.1
STATUTORY RIGHT OF FIRST REFUSAL
(Clause 9.1)

SECTION 9 : RIGHTS OF FIRST REFUSAL

9.1 RELEVANT CROWN LAND

The Crown agrees that the Settlement Legislation shall
include:

8.6 SETTLEMENT PROPERTIES NOT TRANSFERRED

8.6.1 Reselection

SECTION 8: TRANSFER OF ASSETS (GENERAL)

8.1 DEFINITIONS AND INTERPRETATION

8.1.1 Words or phrases already defined

SCHEDULE

FOREST RESEARCH AREAS

[ ] FOREST

PROTECTIVE COVENANT NO. [ ]

A OPERATION OF COVENANT:

ACCEPTANCE BY LICENSEE

The Licensee ACCEPTS this Licence to enter upon and use
the Land subject to the covenants and conditions herein contained.

DATED this day of 199

ATTESTATION

[Insert appropriate execution clauses for both the Licensee
and the Licensor]