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include those items set out in Section "A" of Appendix V hereto. In

addition, the Developer covenants and agrees to pay to the Municipality

the entire cost of connecting all required water, storm, and sanitary

sewer services to the said buildings. ;

(b) As security for the due and proper performance of all the
covenants and agreements in this contract contained, the Developer
covenants and agrees to deposit with the Municipality by Letter of
Credit the sum of $49,300.00 drawn on a Canadian chartered bank or
other Canadian financial institution customarily issuing Letters of
Credit im Canade.

(c) The developer agrees that if the aforesaid off-site works and
and services are not completed or made in accordance with the terms of
this agreement, the Municipality may complete the works or make the
payments at the cost of the Developer and deduct from the deposit held
by the Municipality the cost of such completion or payment, and the
balance of the deposit shall be returned to the Developer, less any
administration fees required. If there is insufficient money on deposit
with the Municipality, then the Developer will pay such deficiency to
the Municipality immediately upon receipt of the Municipality's bill for
completion. It is understood that the Municipality may do such work as
required to complete the said works and services either by itself or by
Contractors employed by the Municipality. If all the Developer's convenants
are carried out as herein provided, then the deposit, less administration
fees, shall be returned to the Developer.

14, The Developer further covenants and agrees to contribute forthwith
to the Municipality the sum of $6,262.00, being the net total of those
amounts set out ir Section "B" of Appendix V hereto, required to defray
the excessive costs incurred by the Municipality for the purposes set
out herein and which the Municipaiity covenants and agrees to apply to
the cost of those works and.services set out in the said Section "B" of
Appendix V hereto.

15, The Developer covenants and agrees not to deposit any material or
debris upon any roads during the construction of the said work and to
continuously carry on the construction of the said work in a good and
proper workmanlike manner causing as little disturbance to neighbouring

properties as is reasonable under the circumstances. In the event that