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my Bye

WESTERN MORTGAGE DEVELOPMENT CORPORATION ("Western") hereby
confirms to THE CORPORATION OF THE CITY OF PORT COQUITLAM (ths
weity") that, pursuant to an Assignment of Main and other
Agreements (a copy of which is attached hereto as Schedula A), it
Will be assigning te SANDCASTLES CAPITAL CORPORATION and NO. 16
GREAT PROJECTS LTO. all the panegit and burden of tha AGreements
(ag defined therein), and acknowledges ta and agreéa with the City
ehat weatern will not be released or discharged from any of its

covenants, agreanants, obligations cr indemnities under the
Agreemants. "

NATED at Vanceuver, British Columbia, this 16th day of Decembar,
19668.

The Common Seal of WESTERN
MORTGAGE DEVELOPMENT
CORPORATION was hereunto
affixed in the presence of:

Title:

33941/9

Dec 16 S88 10:15