THE CORPORATION OF THE CITY OF PORT COQUITLAM

4.02 Statements of the operating accounts shall be furnished periodically by the Bank to the Corporation in accordance with the Bank's normal practice, save that each such statement shall consist of two parts; one part shall be designated "Transfer to Concentration Account" or an abbreviation thereof and shall show the amount of each day's transfer made pursuant to Paragraph 2.0] hereof during the period covered by such statement (or where the Corporation so requests, the aggregate amount of each day's transfers made from designated groups of such accounts during such period) and the other part shall bear the account number and shall show all other amounts credited or charged to such account during such period. For purposes of the Bank's internal procedures the part designated "Transfers to Concentration Account" will bear a different number and vouchers will not be provided with respect to transfer entries.

5. The Corporation agrees to indemnify and save the Bank harmless from and against all loss and liability which the Bank may incur or be under arising from or by reason of compliance by the Bank with the provisions hereof.

6. This Agreement shall continue in effect until terminated by the Corporation or by the Bank at a termination date to be specified in written notice given to the other at least thirty days prior to the termination date so specified, provided that this Agreement may at the option of the Bank be terminated by the Bank without prior notice im- mediately upon the happening of any of the following events:

(a) a default in payment of any present or future indebtedness or liability of the Corporation to the Bank;

(b) service on the Bank of attachment, garnishment or other process with respect to any account of the Corporation or;

(c) A default by the Corporation in the observance or per- formance of any term, condition or provision of this Agreement.

Notice hereunder shall be hand delivered or mailed by registered mail during any period when normal postal services prevail and shall be addressed:

(a) in the case of notice given by the Bank, to The Corporation of the Cicy of Port Coquitlam 2272 McAllister Avenue Port Coquitlam, B.C. V3C 2A8