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LATECOMER WALVER CHARGE AGREEMENT

File No. S#1¢/&&

THIS AGREEMENT made the 21 day of Netober

BETWEEN:

InfLet Realty Lid.

2296 St. John's Street
Port Moodu, BC

V3H 2A7

(hereinafter called the "Developer")

OF THE FIRST PART

THE CORPORATION OF THE CITY OF PORT COQUITLAM

2272 McAltister Avenue, City of Port Coquitian,
Province of British Columbia,

(hereinafter cailed the "City")

OF THE SECOND PART:

WHEREAS:

A. The Developer is the owner of and proposes to develop

certain lands and premises focated within the City of

Port Caquitiam, in the Province of British Columbia, and

more particularly known and described as:

Lot C, Block 55, Distnict Lot 232, Group |,

New Westminster District, Phan 5854

(hereinafter calied the "said lands")

for Small Lot Residential use;