re SENDER 3 the Land Title Act of the Province of British Columbia as follows: l. The Grantor is aware of and, on behalf of himself and his heirs, executors, administrators, successors and assigns, hereby acknowledges that there is a potential flood danger to the Lots. The Grantor, on behalf cf himself and his heirs, executors, administrators, successors and assigns, hereby covenants and agrees with each of the First Grantee and Second Grantee, as a covenant in favour of each of the First Grantee and Second Grantee pursuant to section 215 of the Land Title Act, it being the intention and agreement of the Grantor that the provisions hereof be annexed to and run with and be charged upon the Lots, that from and after the date hereof: Except as provided in clause 2(b), no area used for habitation, business or storage of goods damageable by floodwaters and no fixed equipment damageable by floodwaters, except for furnaces and hot water heaters, shall be located within any building, at an elevation such that the underside of the floor | system is less than five point one five (5.15) metres Geodetic Survey of Canada datum; Areas used for industrial purposes are exempt from the requirements of clause 2(a) The required elevation may be achieved by structural elevation of the said habitable, business, oF storage area or by adequately compacted Jandfill on which any tobe constructed, or by a combination of