Whereas the undersigned has deposited with the Corporation of the City of Port Coquitlam (the
"City") cash in the amount of $ or an irrevocable Letter of Credit in the amount of
$ pursuant to the Tree Preservation, Removal and Replacement Bylaw to ensure
site restoration and/or installation of replacement trees on property described as:

in accordance with the tree cutting permit approved for issuance

(Permit Number)

Now therefore witnesseth that for good and valuable consideration received, the undersigned
hereby covenants to and agrees with the City:

To complete the planting of the said replacement trees and/or site restoration work within
the time specified in the permit.

To obtain from any person to whom the undersigned proposes to transfer the said lands or
any interest therein prior to the substantial completion of the said planting of replacement
trees or site restoration a form of permission to enter identical to this document with
necessary changes and to deliver to the City the new document duly executed by the person
to whom the undersigned proposes to transfer the said lands or any interest therein together
with the security described in the preamble hereto.

To authorize and to permit the City to retain any cash or other forms of securities deposited
by the undersigned in the event that the undersigned fails to perform any of the covenants
on his part within the times stipulated. In such event the City may, at its sole discretion,
enter the said lands and provide and install the said restoration or landscaping works.
Should the City enter the lands and complete the said works, and should there be
insufficient funds on deposit to cover the cost of completion, the undersigned shall remit
the shortfall in funds to the City forthwith upon demand.