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Page 4 of 7 pages
WHEREAS :

A. The Covenantor is the registered owner of or has an
equity of redemption in ALL AND. SINGULAR that certain parcel or
tract of land and premises situate, lying and being in the City of
Port Coquitlam, in the Province of British Columbia, and more
particularly known and described as:

Parcel Identifier 016-790~367
LOT wan

District Lot 344

Group 1

New Westminster District

Plan NWP87543

(hereinafter called the "said lands");

B. Section 215 of the Land Title Act provides that there may
be registered as a charge against title to the land, a cavenant ag
therein authorized, whether of a negative or positive nature, in
favour of a Municipality; and

C. The said lands are, or could reasonable be expected to
be, subject to settlement or erosion as outlined in the
Geotechnical Report prepared by Golder Associates Ltd., dated
November 23, 1992 (£/92/1742)

NOW THEREFORE, IN CONSIDERATION of the sum of One Dollar
($1,00) paid to the Covenanter by the City (the receipt and
sufficiency whereof is hereby acknowledged), the parties hereto do
hereby covenant and agree each with the other as follows:

1. The Covenantor covenants and agrees with the City that:
(a) hereafter, no fill shall be placed nor shall any building
or structure be constructed, on those portions of said
lands shewn within the heavy black line on Reference Plan
LMP prepared by
B.C.L.S. and dated

(b) the Covenantor shall indemnify and release the City
against any claim or action arising from the granting,
registration, enforcement or non-~enforcement of this
Covenant; and

without limiting paragraph 1(b), the Covenantor shall not

claim damages from the City or hold the City responsible
for damage caused by settlement or erosion to the said

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