Lot 28 of District Lot 231, Group l,
Section 19, Block 6 North, Range 1 East,
New Westminster District, Plan

(the "Lands")

and agrees to enter into the form of agreement attached hereto as
Schedule "A".

2. Canfor agrees to enter into the form of agreement
attached hereto as Schedule "A" granting Canfor an Easement over

the Lands.

3. The City and Canfor agree that the easement shall
generally cross the Lands in a north to south direction and shall

extend no more than 15 metres in an east to west direction.

4. The location of the easement over the Lands shall be
agreed upon by the City and Canfor and in the event a form of
Explanatory Plan cannot be agreed upon ‘then that disagreement
shall be referred to a single arbitrator if the parties hereto or
their legal representatives agree upon one, but should the
parties hereto or their legal representatives be unable to agree
upon the identity of any such single arbitrator, then the
disagreement shall be referred to a single arbitrator duly
appointed by a Judge of the Supreme Court of British Columbia
pursuant to the Arbitration Act R.S.B.C. 1979, c. 18 and the
disagreement shail be dealt with and disposed of pursuant to the
Arbitration Act R.S.B.C. 1979, c. 18 and every determination