VENDOR S STATEMENT TO THE PURCHASER OF REAL ESTATE

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VENDOR S STATEMENT TO THE PURCHASER OF REAL ESTATE VENDOR: PAKENHAM RACING CLUB INC PROPERTY: LOT ON PROPOSED PLAN OF SUBDIVISION 705124C KNIGHTS COURT, TYNONG 3813 DD:TP:TA:137148Pakenham Racing Club Inc Email: tammy@duffysimon.com.au

VENDOR S STATEMENT TO THE PURCHASER OF REAL ESTATE Pursuant to Section 32 of the Sale of Land Act 1962 (Vic) IMPORTANT NOTICE TO PURCHASERS 1. The use to which you propose to put the property may be prohibited by planning or building controls applying to the locality or may require the consent or permit of the municipal council or other responsible authority. It is in your interest to undertake a proper investigation of permitted land use before you commit yourself to buy. 2. The property may be located in an area where commercial agricultural production activity may affect your enjoyment of the property. It is therefore in your interest to undertake an investigation of the possible amenity and other impacts from nearby properties and the agricultural practices and processes conducted there. 3. You should check with the appropriate authorities as to the availability and cost of providing any essential services not connected to the property. 4. You may be liable to pay a growth areas infrastructure contribution when you purchase this property. The instrument of transfer cannot be lodged for registration with the Registrar of Titles until the contribution is paid in full or an exemption from, or reduction of, the whole or part of the liability to pay the contribution is granted and any remainder of the contribution is paid or there has been a deferral of the whole or part of the liability to pay the contribution or an approval has been given for staged payment of the contribution. The transfer may also be exempted from a growth areas infrastructure contribution in certain situations. It is in your interest to obtain advice as to any potential liability before you commit yourself to buy.

DETAILS MUST BE ATTACHED WHERE NECESSARY, IF INSUFFICIENT SPACE IS AVAILABLE. DELETE AS APPROPRIATE WHEREVER ASTERISK (*) APPEARS. 1. TITLE Attached are copies of the following documents concerning the title 1.1 Certificate of Title Volume 11377 Folio 901; Plan of Consolidation 371889M; 1.2 Certificate of Title Volume 11388 Folio 082; Title Plan 949219P; 1.3 Certificate of Title Volume 11273 Folio 632; Plan of Subdivision 637525K; 1.4 Proposed Plan of Subdivision 705124C; 1.5 Planning Scheme Amendment C141; 1.6 Planning Permit; 1.7 Section 173 Agreement Cardina Shire Council; 1.8 Section 173 Agreement Melbourne Water; 1.9 Environmental Management Plan; 1.10 Rules for Training of Horses at Pakenham Racecourse, Tynong; and 1.11 Trainers Allotments Building Design Guidelines. 2. RESTRICTIONS Information concerning any easement, covenant or other similar restriction affecting the property (registered or unregistered) - 2.1 Description - 2.2 Particulars of any existing failure to comply with their terms are as follows - To the best of the Vendor's knowledge there is no existing failure to comply with the terms of any easement, covenant, caveat or similar restriction. 3. PLANNING & ROAD ACCESS Information concerning any planning instrument - Is as follows - 3.1 Name of planning instrument Cardinia Planning Scheme 3.2 The responsible authority is Cardinia Shire Council 3.3 Zoning and/or reservation Green Wedge Zone GWZ1 Public Use Zone Service & Uitlity PUZ1 Special Use Zone Schedule 3 Land subject to Inundation Overlay There is access to the property by road. 4. BUILDING APPROVALS, OWNER-BUILDER INSURANCE AND OTHER INSURANCE Particulars of any building permit issued in the past seven years under the Building Act 1993 (Vic) (required only where the property includes a residence) - Particulars of any required insurance effected under the Building Act 1993 (Vic) (required where the property includes a residence to which section 137B of the Building Act 1993 (Vic) applies) - 5. SERVICES Information concerning the supply of the following services -

Service Connected Name of Authority (if service is connected) 5.1 Electricity supply Connected 5.2 Gas supply Connected 5.3 Water supply Connected 5.4 Sewerage Connected 5.5 Telephone services Connected 6. OUTGOINGS & STATUTORY CHARGES Information concerning any rates, taxes, charges or other similar outgoings (excluding any owners corporation charges) AND any interest payable on any part of them - 6.1 Their total does not 2,500.00 exceed $ Any amounts for which the purchaser may become liable in consequence of the purchase of the property are as follows- None to the Vendor's Knowledge save and except for the usual rate adjustments at settlement 6.2 The amount owing under any other registered or unregistered statutory charge that secures an amount due under any other Act is - NIL 7. OWNERS CORPORATIONS 8. NOTICES Particulars of any notice, order, declaration, report or recommendation of a public authority or government department or approved proposal affecting the property of which the vendor might reasonably be expected to have knowledge, including any notice of any current land use restriction given under the Agricultural and Veterinary Chemicals (Control of Use) Act 1992 (Vic) due to contamination and/or any notice pursuant to Section 6 of the Land Acquisition and Compensation Act 1986 (Vic) - The vendor is not aware of nor has it received any notices. 9. GROWTH AREAS INFRASTRUCTURE CONTRIBUTION 10. DISCLOSURE OF ENERGY EFFICIENCY INFORMATION Details of any energy efficient information required to be disclosed regarding a disclosure affected building or disclosure area affected area of a building as defined by the Building Energy Efficiency Disclosure Act 2010 (Cth) - (a) (b) 11. SMOKE ALARMS to be a building or part of a building used or capable of being used as an office for administrative, clerical, professional or similar based activities including any support facilities; and which has a net lettable area of at least 2000m 2 ; (but does not include a building under a strata title system or if an Occupancy Permit was issued less than 2 years before the relevant date) - The Purchaser should note that all dwellings and/or units must be fitted with self-contained smoke alarms in accordance with Regulation 5.14 of the Building Regulations 1994 within 30 days after:

11.1 in the case of a Contract other than a terms Contract (as defined in Section 2 of the Sale of Land Act 1962), the date of completion of the Contract; and 11.2 in the case of a terms Contract, the Purchaser becomes entitled to possession or to the receipt of rents and profits under the Contract. 12. SWIMMING POOLS In the event a swimming pool is on the land herein described, the Purchaser may be required at his expense to comply with the provisions of the Building Act 1993 and the Building Regulations 1994 and in particular Regulations 5.13 requiring the provision of barriers to restrict access by some children to the swimming pool within 30 days after: 12.1 in the case of a Contract other than a terms Contract (as defined in Section 2 of the Sale of Land Act 1962) the date of completion of the Contract and 12.2 in the case of a Contract, the Purchaser become entitled to possession or to the receipt of the rents and profits under the Contract. DATE OF THIS STATEMENT / / 20 Name of the Vendor Signature/s of the Vendor Committee Member Committee Member / Chief Executive The Purchaser acknowledges being given a duplicate of this statement signed by the Vendor before the Purchaser signed any contract. DATE OF THIS ACKNOWLEDGMENT / / 20 Name of the Purchaser Signature/s of the Purchaser

IMPORTANT NOTICE - ADDITIONAL DISCLOSURE REQUIREMENTS Undischarged mortgages Where the property is to be sold subject to a mortgage (registered or unregistered) which is not to be discharged before the purchaser becomes entitled to possession or receipt of rents and profits, then the vendor must provide an additional statement including the particulars specified in Schedule 1 of the Sale of Land Act 1962 (Vic) (subsection 32(2)(a)). Terms contracts Where the property is to be sold pursuant to a terms contract which obliges the purchaser to make two or more payments to the vendor after execution of the contract and before the vendor is entitled to a conveyance or transfer, then the vendor must provide an additional statement containing the information specified in Schedule 2 of the Sale of Land Act 1962 (Vic) (sub-section 32(2)(f)).