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at cost less depreciation, and tf the District fails ta purchase within
One Hundred and Twenty (120) days, then the City shall have the right to

purchase the building under the same terms and conditions, if the "City"
and the “District” fail to purchase then the buflding shall be jointly

occupied, but each party shall carry on its owy, administration and shall

have area proportionate to its interest and it fron time exists;

13. Both parties herato agree to do everything necessary to ensure

that the cerns of this agreement take effect;

4. The parties hereto, and each of them covenant and agree that each
of then shall and will, upon the reasonable request of the other party, make,

co, execute or cause to be made, done, or executed, al} such further and

other lawful acts, deeds, things, devices, by-laws and resolutions, and ~

assurances whatsoever, for the better or more perfect and absolute performance

of the terms and conditions of this agreement;

1. This agreement shall enure to the benefit af and be binding upon

the respective successors and assigns of the parties hereto.

IN WITNESS WHEREQF the par ies hereto have hereunto affixed their
corporate seals by their proper officers first duly authorized In that behalf

on the day and year first above written,

The Corporate Seal of the
Corporation of the City of rort Coquitlam
was hereunto affixed in the presence of:

CLERK

The Corporate Seal of the
District of Coquitian was hereunto
affixed in the presence of: