Hunia v Skerrett-White - Kawerau A8D (2016) 146 Waiariki MB 281 (146 WAR 281) [pdf, 620 KB]
...for the development of KA22. The agreement provided that the trust and IDG would commit to work together for a period of 12 months, during which IDG would identify possible strategic partners for a joint venture project to develop the geothermal resource. 17 [14] As part of the MOU it was agreed that IDG would pay to the trust an exclusivity fee of $360,000.00 and upon signing the Development Agreement, the joint venture partnership would pay the trust a $300,000.00 commitment fe...