AGREEMENT FOR THE SALE AND PURCHASE OF LAND

COVENANTS FOR

CALABASH GARDENS, CHERRY HILL, CARRIACOU

18. The Purchasers and their successors in title shall enter into the following restrictive

covenants with the Vendor and its successors in title which covenants shall be

included and contained in the Conveyance to the Purchasers:

(a) Not at any time to erect or cause or permit to be erected on the Lot of any

part thereof any buildings or erections other than those of freehold

construction and comprising one single family private dwelling house (of

a single unit) together with boundary walls or fences garages servants rooms

and other usual outbuildings for use in connection therewith (hereinafter at

times together referred to as “such buildings”).

(b) Except with regard to private automobiles and passenger type vans, jeeps

and pick-ups having a capacity of no more than two tons, no vehicles shall

be permitted to be parked except for the purpose of deliveries or similar

purposes or to be stored on the Lot neither shall the same be restored or

extensively repaired on the Lot.

raised, bred or kept on any portion of the Lot, except that dogs, cats or

other usual and common household pets may be permitted thereon

provided the number of dogs or cats shall not exceed two (2) in number.

(d) No portion of the Lot shall be used, in whole or in part, for the storage or

any property or thing that will cause it to appear to be in an unclean or

untidy condition; nor shall any substance, thing, or material be kept upon

any portion of the Lot that will emit foul or obnoxious odours or that will

cause any noise or other condition that will or might disturb the peace,

quiet, safety, comfort, or serenity of any of the owners or occupiers of any

other lots in the Development. No outside burning of garbage or household

refuse shall be permitted on the Lot.

(e) No hazardous materials, rubbish, trash, garbage or other waste material shall

be kept or permitted on the Lot, neither shall any odour be permitted to arise there from so as to render the Lot or any portion thereof unsanitary,

unsightly, offensive or detrimental to any other property in the vicinity

thereof or to its occupants.

(f) Rubbish, trash or garbage containers must be on the Lot or in the common

facility and shall only be stored in sealed containers or cans.

(g) No clothing or household fabrics shall be hung, dried or aired on the Lot in a

manner which is visible from any roadway and no lumber, grass, shrub or

tree clippings or plant waste, metals, bulk material or scrap or refuse or trash

shall be kept, stored or allowed to accumulate on any portion of the Lot,

except within an enclosed structure approximately screened from view

erected for that purpose, if any.

(h) The Lot shall not be subdivided nor shall its boundary lines be changed.

(i) The Lot shall not be made subject to any type of timeshare programme,

interval ownership or similar programme whereby the right to exclusive use

of the lot rotates among multiple owners or members of the programme on

a fixed or floating time schedule over a period of years.

(k) Not to erect or permit to remain on any of the said Lots or parcels of land

any fence or paling made of corrugated galvanized metal or concrete.

(l) Not to let any Lot to become overgrown with grass, trees, shrubs or other growth and at all times to keep the Lot in a clean and tidy state and properly

mown or cut. No trees shrubs shall be allowed to grow upon the Lot to such a height or density as materially to obstruct the views of other Lots.

(m) No area or any road reserve which is included in the Lot shall be permitted

or allowed to deteriorate or fall into a state of disrepair.

(n) Not to permit or allow any cement or concrete mixing to be done on any of

the roads shown on the Key Plan.

(o) Not to cause any damage to any roads shown on the Key Plan including any

damage to kerbs, slippers and drainage channels and to repair any such

damage forthwith.

(p) Not to prevent or hinder any public utility Company from having access at all times to any installation on the Lot for the purpose of maintaining its

services or equipment thereto or thereon.

(q) To duly perform and observe such of the Conditions mentioned in and/or

attached to the hereinbefore mentioned Planning Permission.

(r) Not to make any housing construction on the lot of land hereby conveyed unless approval in writing has been obtained from The Physical Planning Unit of the Government of Grenada and a copy of such approval has been given to the Management Company of the development. The Purchaser shall abide by all the set back regulations of The Physical Planning Unit

(s) The Purchaser shall arrange personally with the electricity and telephone Companies for his private installation the cost of which and the rate and requirements established by the said Companies for the supply of electricity and telephone shall be met by them. The connection lines for these services from the electricity & telephone mains to the dwelling house shall be laid underground.

(t) Not to place or permit to be placed any advertising sign flag placard or hoarding of any kind or any advertisement whatsoever on the said lot of land

(u) Not at any time to build or install in his private house on the said lot of land any commercial or industrial establishment or carry on therein any business of a commercial nature.

(v) A Management Company will be appointed by the Vendors to manage the maintenance of the Development particularly the roads and reserve areas shown on the key plan.

(w) The purchaser acknowledges the location of the reserve areas as shown on the key plan and agrees to preserve the said land as a natural reserve which shall mean that all flora & fauna shall remain in its natural state, not to make, or allowed to be made, any type of construction on the said land,

not to allow any dumping of hazardous materials, rubbish, trash, garbage or any other waste material.

(x) The purchaser agrees that he is responsible for finding mitigatory measures if storm water run-off or cistern overflow water from his Lot becomes an issue by passing over neighboring Lots.

(y) Not to discharge or permit to be discharged any grey or black waste water directly onto the earth or adjoining lots. All waste water must be treated in a soak away pit or disposal trench.

(z) Where possible to target mature trees for conservation and leave natural vegetation undisturbed.

(aa) Cut slopes must be re-vegetated after development of each lot and the impervious area created should not exceed 30% of the lot area.

(bb) No excavations shall be made on the Lot except those necessary for the erection of the said dwelling house or for landscaping and the excavated material shall either be removed from the Lot or stored in such a way that it does not wash onto any neighboring Lots.

(cc) The purchaser hereby agrees that regardless of the size and position of his lot within the development and whether or not there is a building on it to pay an annual maintenance levy which shall not exceed EC$2,000 when requested by the Management Company. Such monies shall be used exclusively for the maintenance of the Development and accounted for on December 31^st each year.

(dd) The purchaser hereby agrees that upon completion of his purchase of the said Lot he will pay a maintenance levy of EC$500 to the Management Company.