Vast Renewables Ltd Watch

from 20FR12B 26 pages Loan Agreement

from F-4/A 33 pages Subordination Deed Vast Solar Pty. Ltd. (Acn 136 258 574) (The Debtor) Agcentral Energy Pty Ltd (Acn 665 472 711) and Nabors Lux 2 S.A.R.L. (The Subordinated Creditors) in Favour of Nabors Lux 2 S.A.R.L. (The Senior Creditor) Contents Page

from F-4/A 34 pages Contents Page 1 Defined Terms and Interpretation 5 1.1 Definitions 5 1.2 Interpretation 10 1.3 Note Document 11 1.4 Determination, Statement and Certificate 11 1.5 Consents and Opinions 11 1.6 Inconsistency 11 1.7 Payments to Senior Creditors 11 2 Purpose and Consideration 11 3 Subordination 12 4 Overall Limit on Enforcement Action and Payment 12 4.1 Subordination 12 4.2 Permitted Actions 14 4.3 Equitable Remedies 14 5 Liquidation of the Debtor 15 6 Proceeds 15 6.1 Proceeds Held on Trust 15 6.2 the Subordinated Creditor to Pay Over Recovered Amounts 16 6.3 Lodgement of Proof 16 6.4 Subrogation 17 7 Accounting 17 7.1 Accounting 17 7.2 Set-Off 17 7.3 Costs 17 7.4 General Indemnity 18 7.5 Foreign Currency Indemnity 18 7.6 Conversion of Currencies 18 7.7 Continuing Indemnities and Evidence of Loss 18 7.8 Gst 18 8 No Prejudice 19 9 Changes to Rights 19 9.1 Rights of the Senior Creditor Are Protected 19 9.2 Reinstatement of Rights 20 Gilbert + Tobin

from F-4/A 1 page Twynam Agricultural Group Pty Limited Acn 000 573 213/Abn 12 000 573 213 30 June 2016 Repayment of Initial Investment and Loan 1 /S/ Colin Sussman Colin Sussman Authorised Representative/Director Head Office: [***] Phone: [***] Facsimile: [***] Email: [***] Website: WWW.TWYNAM.com