tae
CAM

1
Fiat

ALIS Yat
nif t week
tetany

AC ¥
ne Hip te

i
i

‘L1-19-92 : $ 9445402.5 4/17

SENT BY PHOSO74 UU AXEBIO4 44

Assignment

12. Thia Laase may not be assigned or transferred by the Tenant
without the consent of the Municipality.

subletting

13. The Tenant ghall not sublease the Lands without the prior
written approval of the Municipality EXCEPT THAT the Tenant. may
permit Tidal Towing Ltd. to use the Lands from time to time for the
purpose permitted herein, in which case the Tenant shall be solely
responsible for and shall indemnify the Municipality in respect of
the actions of Tidal Towing Ltd. as if they were the actions of the
Tenant under this Agreemant.

Bankruptcy

14. Tf the term of the Lease heraby granted shou... be at any time
seized or taken in execution or in attachment by any creditor of
the Tenant, or if the Tenant should make any assignment for the
benefit of creditors, or becoming bankrupt or insolvent, if the
Tanant should take the benefit of any legislation that may be in
force for bankrupt or ingolvant debtors, then the current Rent
ghall become immediately due and payable and the said term shall
immediately become forfeited and void.

Distress

15, When the Rent payable by the Tenant is in arraarve, the
Municipality or a person authorized in writing by the Municipality
may anter upon the Landa and seize any goods or chattels of the
Tanant and may sell the same, or the Municipality may usa any other
means under law for recovering any rent due and payable under this
Lease. |

Notics

16. All notices and demands required or permitted to be given
hereunder shall be in writing and may be personally served on a
director of the Tenant or the Clark of the Municipality, as the
case may be, or may be sent by telecopy, telagram or telex, or may
be sent by prepaid registered mail. Any notice personally
delivered or sent by telecopy, telegram or telex shall be deemed
to hava been given and received at the time of delivery. Any
notice mailed as aforesaid shall be deemed to have given and
received on the expiration of 72 hours after it is posted at a mail
box aituated in the Province of British Columbia, addressed to the
addresses provided herein or at guch other addrass a6 may from time
to time be notified in writing by the parties hereto, provided that
if there shall be between the time of mailing and the actual
raceipt of the notice a mail strike, slow down or other labour
dispute which might affect the delivary of such notice by the

7

| (TEM | PAGE