It is mutually agreed and declared by and between the parties hereto that the covenants herein contained shall be. covenants running with Lands and that none of the covenants herein contained shall be personal or binding upon the parties hereto, save and except during the Covenantor's seisin or ownership in the Statutory Right-of-Way, and with respect only to that portion Statutory Right-of-Way of which the Covenantor will be seiséd for which he will have an interest, and that the Lands shall, and nevertheless, be and remain at all times charged therewith. IN WITNESS WHEREOF the Covenantor has hereunto set his hand. and seal the day and year first written above. The Corporate Seal of RICHBERN ' INVENSTMENTS LTD. was hereunto -affixed in the presence of: (authorized signatory) The Corporate Seal of the CITY OF PORT COQUITLAM was hereunto ‘affixed in the presence of: ) ) ) ) } MAYOR (authorized signatory) ) ) ) ) ) ) ) CITY CLERK(authorized signatory