rectified within 30 days following written notice from the City to J.Q. Sports Media; or (b) on any anniversary of its execution, upon failure by J.Q. Sports Media to pay to the City a minimum of $2,500.00 for advertising to be placed during the ensuing year. 12. Nothing in this Agreement restricts the right of the City to place or allow the placement of advertising at any location within the Arenas, other than on the perimeter boards as described in Section 1 of this Agreement. 13. This Agreement shall not be assigned by J.Q. Sports Media without the written consent of the City. 14. This Agreement is not a lease of land or buildings. IN WITNESS WHEREOF the parties have executed this Aqreement as of the date first above written. THE CORPORATE SHAL OF J.Q. SPORTS MEDIA LTD. is hereunto affixed in the presence of: c/s AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY THE CORPORATE SEAL OF THE CORPORATION OF THE CITY OF PORT COQUITLAM was hereunto affixed in the presence of: C/S MAYOR CLERK AUTHORIZING RESOLUTION OF COUNCIL ADOPTED the 19th day of October, 1987.