THE CORPORATION OF THE CITY OF PORT COQUITLAM (“he "City") hereby
acknowledges receipt of notice of assignment b. WESTERN MORTCAGE
DEVELOEMENT CORPORATION ("Wastern") ta SANOCASTLES CAPITAL
CORPORATION and NO. 16 GREAT PROJECTS LTH, _2glileectively the
Wpyrehaser"), puesuant to an Agaignmant of Main and Other
Agreements (a copy of which is attached hereto as Schedule A), of
cartain Agreements (ag defined therein) partaining to the Lands
(ag defined therela) and agrees that, on and after the Completion
Date (as defined therain), the Purchaser shall be antitied to
receive ali of the benefits and advantages aceruing to the
Developer under the Agreements, including, without limiting the
generality of the foregoing, any payments to be made by the ity
to the Developer under the Main Agreement and the Purchase Order
(No. 30797) dated Oetccar 7, 1988 (including the amount of $13,323

neld back by the cit: ¢crom the down payment of $133,333 mada by
he City ta Western).

Dated at Port coquitiem, British Cclunbia, this day of
Dacembar, 1986.

THE CORPORATION OF THE
GITY OF PORT COQUITLAM

Per:

339414/26

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