Declaration of Covenants and Easements by TCDC of La Porte, Inc.

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e . Coast Industrial Development Authority and First National Bank in Dallas, Trustee (the "First Deed of Trust"); and (ii) that certain Deed of Trust, dated as of November 1, 1981, from TCDC of LaPorte, Inc. to John Ellis, Trustee, for the benefit of First National Bank in Dallas, not in its individual capacity, but solely as Trustee under Second Trust Indenture dated as of November 1, 1981, between Gulf Coast Industrial Development Authority and First National Bank in Dallas, Trustee (the "Se"cond Deed of Trust"). F. In conjunction with the easements granted hereunder, the Owner of Parcel 1, the Owner of Parcel 2 and the Owner of Parcel 3, in order to ef;ectuate the easements granted herein, and only to the extent necessary to so do, hereby grant a license to the owners of the parcels benefitted by such ease- ments and, with regard to the easement granted to the City pur- suant to Section III, to the City, to enter upon the respective parcels servient to such easements, for the purpose of install- ing, constructing, maintaining and repairing any such ease- ments. The license granted herein is limited to the area in the immediate proximity of the easements granted and shall in no way be interpreted as a license to enter upon any other por- tion of the servient parcels. G. The improvements to be constructed pursuant to Sections I, II, IV, V, and VII above shall be constructed and, subject to force majeure, shall be completed prior to the date on which the first building on any of the benefitted parcels has been completed and is ready for occupancy. -17-