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the City to the Covenantor, the receipt and sufficiency whereof
ig hereby acknowledged, the Covenantor covenants as follows:

1. The Covenantor cevenants and agrees that it shall use
the gaid lands only as permitted under ehe City's Zoning Bylaw
1987, No, 2240 and the City's Development Management Bylaw 1987,
No. 2242 (the "Development Management Bylaw") and notwithstanding
the generality of the foregoing, covenants and agrees that it
shall provide the requisite number of parking spaces for off
street parking fer the gaia iands as required under the
Development Managemant Bylaw.

ae tn order to provide sufficient offestreat parking for
the gaia lands, the Covanantor has agread to enter the agreenent
attachad hereto as Schedule "A" to ehig Covenant on the terms and
eonditions set out therein to obtain the rights thereunder to use
certain of the City's parking spaces for the purposes of making
such parking spaces available for use in conjunction with the use
of the said lands.

3. Thig restrictive covenant is granted voluntarily by «he

Covenantor to the City pursuant to Section 215 of the Land Title

Act of the Province of British Columbia and shall run with the
gaid lands hereinbefore desgeribed.

4, The Covenantor hereby releases, indemnifies and saves
the City harmless from and against any and all actions, ~auses of
action, losses, damages, costa, claims, debts and demands
whatsoever by any person, ariaing out of ox in any way due to the
granting oF axiatance of this Covanant.

60468990239 PAGE.&@@5

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