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16 ARBITRATION

16.1 Reference to Arbitration

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 9.7
DEED OF GRANT OF RIGHT OF FIRST REFUSAL -

TIMBERLANDS WEST COAST LIMITED
Clause 9.7)

Date:

BETWEEN

15.5 Transfer of Specified Shares

15.5.1 If the Crown Shareholder and Te Runanga agree on all
terms and conditions (including price) within 40 Business Days of the date on

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 9.6

DEED OF GRANT OF RIGHT OF FIRST REFUSAL -
INVERCARGILL AIRPORT
LIMITED
(Clause 9.6)

Date:

BETWEEN

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

8 ACCEPTANCE OF DISPOSAL OFFER

8.1 If the Grantee accepts the Disposal Offer or otherwise
agrees to purchase the Highbank Assets on terms and conditions (including price)

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 -