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ATTACHMENT 7.7
FORM OF
NGAI TAHU CROWN FORESTRY LICENCE

(Attachment 7.5, paragraph 2)

[Comment:

SCHEDULE

8 Water for Fire Control

PART A: GENERAL DESCRIPTION OF IMPROVEMENTS

The Improvements acquired by the Licensee from Her Majesty the
Queen at the date of commencement of this Licence, being all improvements on, or
associated with, the Land and includes:

(a) all those buildings described in Part B of this First
Schedule (but excludes those buildings described in Part C of this First
Schedule) and all other structures affixed to the Land (but excludes any
structures, moveable huts or caravans owned by any third party); and

6.1 Protective Covenants and Public Access
Easements

The Licensor and the Licensee agree and acknowledge
that:

SECTION 4: LICENCE FEE, REVIEW PROVISIONS AND
OUTGOINGS

4.1 Payment by the Licensee

The Licensee shall pay the Licensor (or as the Licensor may in

ATTACHMENT 7.7
FORM OF
NGAI TAHU CROWN FORESTRY LICENCE

(Attachment 7.5, paragraph 2)

[Comment:

SECTION 11: REPRESENTATIONS AND WARRANTIES

11.1 The Vendor represents and warrants to the Purchaser as at
the Effective Date and as at the Asset Transfer Settlement Date that:

SECTION 4: SURVEY AND ISSUE OF TITLE AND ACCESS

4.1 Subject to paragraph 2.2.2(d) of Attachment

ATTACHMENT 7.6
FORM OF AGREEMENT FOR
TRANSFER OF ASSETS

(Attachment 7.5, Paragraph 2)

APPENDIX
(TO ATTACHMENT
7.3)

FOREST VALUATION PARAMETERS

Aoraki Forest Trees

APPENDIX
(TO ATTACHMENT
7.2)

AORAKI FORESTS - PROTECTIVE COVENANTS AND
PUBLIC
ACCESS

4.3 Herbert Forest: 4,587.0444 hectares, more or less, situated in the Land Registration District of Otago, being Lots 1-5 DP 21423, Lots 1-5 DP 21424, Lots 1-8 DP 21425, Lots 1-3 DP 21426, Lot 1 D

3.10 Berwick Forest: 13,140.8389 hectares, more or less,
situated in the Land Registration District of Otago, being Lots 1, 2 and 3 DP

ATTACHMENT 7.1

AVAILABLE CROWN FORESTRY ASSETS

(Clause 7.1, Definition of Available Crown Forestry
Assets)

1 Groups

SECTION 7 : TRANSFER OF FORESTRY
ASSETS

.. continued

7.6.3 Appointment of Independent
Expert

SECTION 7 : TRANSFER OF FORESTRY ASSETS

.. continued

Stage 4 - Documentation and Initial Valuation

SECTION 7 : TRANSFER OF FORESTRY ASSETS

7.1 DEFINITIONS

In this Section and the Attachments to this Section:

ATTACHMENT 6.4
TERMS OF TRANSFER

(Clause 6.8.2)

...Continued

5 TITLE, BOUNDARIES, ETC

Attachment 6.3
VALUATION METHODOLOGY

(Clause 6.3.1)

...Continued

8 DETERMINATION OF DISPUTED VALUES

Attachment 6.2
FARM
MANAGEMENT REGIME

(Clause 6.3.1(a) and 6.7.1)

1 INITIAL DISCLOSURE

ATTACHMENT 6.1
FARMS

(Clause 6.1, Definition of Farm)

...Continued

ATTACHMENT 6.1
FARMS

(Clause 6.1, Definition of Farm)