2 1
Block 6 North Range 1 East
New Westminster District, Plan 80790

Secondly:

Parcel Identifier: 000~555-924

Parcel 1 (Reference Plan 6040)

Except: Parcel "E" (Explanatory Plan 8564),
Sections 18 and 19 Block 6 North Range 1 East
New Westminster District

AND WHEREAS the Grantor proposes to subdivide the Lands,
according to a plan of subdivision completed and certified
correct on the 27th day of April, 1992 by D. J. Dyck, British
Columbia Land Surveyor, a copy of which is attached hereto as
Schedule "A", into the following Lots:

Lots 1 te 11 inclusive of Sections 17, 18 and 19
Block 6 North Range 1 East, in the District of
New Westminster

AND WHEREAS a covenant under section 215 of the Land
Title Act is required as a condition of the consent to approval
of the subdivision of the Lands by the Minister of Environment,
Lands and Parks, under section 82 of the Land Title Act; .

AND WHEREAS section 215 of the Land Title Act provides
that there may be registered ag a charge against the title to

any land a covenant in favour of the First Grantee and a
municipality that land is to be used in a particular manner or
that land is not to be subdivided except in accordance with the

covenant;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in
consideration of the sum of ONE ($1.00) DOLLAR of lawful money
of Canada and other good valuable consideration paid by the
First and Second Grantees to the Grantor, the receipt of which

is hereby acknowledged, the Grantor does hereby covenant and

agree with the Fi care operand Grantees under section 215 of