Page 4 of 6 pages

NOW THEREFORE THIS INSTRUMENT WITNESSES:
1. That in consideration of the rents, covenants, |
conditions and agreements herein respectively reserved and
contained, the Lessor doth demise unto the Lessee, the Lands.

2. Term

- To have and to hold the Lands for and during a term of
Sixty (60) years to be computed from the ist day of March, 1991
until February 28, 2051 and at the rental hereinafter covenanted
to be paid by the Lessee.

3. Payment of Rent

Yielding and paying unto the Lessor rental for the
Lands of One Dollar ($1) in advance without deduction on the lst
day of March, 1991 for the entire term of this lease. The
receipt of rents for the term are hereby acknowledged by the
Lessor. The Lessee covenants with the Lessor to pay any charges
levied by any Federal, Provincial or ether authority in respect
of the Lands.

4. | Renewal

If the Lessee is not in default of any of the terms,
covenants or conditions herein contained, the Lessee shall have
the right, at its option, upon providing the Lessor with written
notice within six (6) months of the expiry of the term of this
Lease, to renew this lease for a further period of sixty (60) |
years commencing March 1, 2051 and terminating February 28, 2111
all on the same terms and conditions as contained in this lease.

5. Assignment

The Lessee shall not be entitled to assign this lease
without the written approval of the Lessor which approval shall
not be unreasonably withheld.

6. Purpose

_. The Lessee will not allow the Lands to be used for any
other purpose than for the operation of the sewage pump station.
located thereon and related activities. If required, the Lessee
can make improvements to the sewage pump station facility or
expand the facility, with any such work to be at the Lessee's:
expense. All existing improvements and any future improvements
added to the Lands by the Lessee are hereby acknowledged to be

02828007.GAL
51192/1600