THIS AGREEMENT made the

BETWEEN:

LIVIO DEVELOPMENTS LTD.(Incorporation Number 235504),

@ company incorporated pursuant to the laws of the
Province of British Columbia, and having its place of
business situate at 3877 March Place in the City of Port
Coquitlam in the Province of British. Columbia V3B 6N9

Chereinafter calied the "Owner'')

OF THE FIRST PART

THE CITY OF PORT: COQUITLAM of 2272 McAllister Avenue
in the City of Port Coquitlam in the Province of
British Columbia V3C 248

(hereinafter called the "City')

OF THE SECOND PART

WHEREAS:

Section 215 of the Land Title Act R.S.B.C. 1979, Chapter 219 and
amendments thereto provides that there may be registered against any lands a
condition or covenant in favour of Municipalicy that the Land or a Specified
portion thereof is to be built on or is to be or not to be used in a particular

manner.

B. The Owner is the registered owner in Fee Simple of all and singular
that certain parcel of land situate in the City of Port Coquitiam in the Province
of British Columbia and more Particularly known and described as:

City of Port Coquitlam

Parcel Identifier Number 001-731-173
Lot 4

Section 12

Township 39

New Westminster Districce Plan 69634

(hereinafter called the "Lands"
C. The Lands are charged by a Statutory Right-of-Way in favour of the City

registered against the Lands on the 24th day of May, 1985 ac the New Westminster
Land Title Office under Number Y81322 (hereinafter called the “Right-of—Way"),