TERMS OF INSTRUMENT - PAR‘ 2

PRIORITY AGREEMENG

FEDERAL BUSINESS DEVELOPMENT BANK

foldsr of Mortgage No. AC105761
(the "Mortgage" )

The undersigned, being the holder of the Mortgage, hereby
approves of, -yyeturetvr and consents to the granting of the within
Agreemer.t and covenants and agrees that the same shall be binding
upon its interest in or charge upon the said lands and snall be an
encumbrance upon the said lands prior to the Mortgages in the same
manner «nd te the same effect as if it had been dated and
registered prior to the Mortgages.

MON

EXECUTION DATE
Officer Signature(s) vy |mMioD Party(iles) Signature(s)

92 106| /F FEDERAL BUSINESS

DEVELOPMENT BANE

CHERYL A. SNIDE (EN Ne
700 - 601 WEST HASTINGS ST. Abtoeneys/ sn fast UTR ORE.

Vv OUVER, B.C. V68 5G9 2." y x
ona suigert THER EOR TAKING Lf se CL a
; : a 774

. . ~ : ; coud ’ y
(Prin ame)‘ (Print name under/signature)

(Fu dress)

WILLIAM PAUL LIVINGSTON
REGIONAL COUNSEL |

(Prof. Capacity)

OFFICER CERTIFICATION:

Your signature constitutes a representation that you are a solicitor, notary public of other person authorized
bythe Evidence Act, 8.8.8.0, 1979, t. 116, to take affidavits for use im British Columoia and certifies (he
matters set out in Part § of the dand Fille Act as they pertain to tha execution of $his instrument

If space insu(ficrent, enter “SEE SCHEDULE" and attach schedule in Form €.
If space tnsullicient, continue axecutions on additional paga(s) in Form OQ.