This is the most commercially important document in the structure. It gives Medical Hub (Manager) Pty Ltd the exclusive, permanent right to manage every hub.
- Term: 20 years from first occupancy, with automatic 20-year renewal
- Exclusive right: no other manager may be appointed
- 5% management fee of gross rent monthly
- 10% resale commission on every brick transfer
- Hub Co's 20% equity formally confirmed and protected
- Termination for cause only — with 5-year fee compensation if terminated early without cause
- Supports the 10× EBITDA platform valuation multiple