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

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e e C. The easements granted in Paragraphs A and B of this Section V are for the purposes of construction, installation and maintenance of a fire protection system including, but not limited to, a ground level water tank, pumps, subsurface water lines and related apparatus. D. The Owner of Parcel 1 agrees to construct a fire pro- tection system consisting of the equipment listed in Paragraph C of this Section V. The Owner of Parcel 1 shall pay all costs and expenses of constructing and installing the fire protection system. Subject to the provisions of Sections IX and XI hereof, the Owner of Parcel 2 and the Owner of Parcel 3 each severally agree, within ten (10) days after request therefor by the Owner of Parcel 1, accompanied by appropriate supporting data, to reimburse the Owner of Parcel 1 for all of the costs and out-of-pocket expenses of such construction and installa- tion in an amount equal to such costs and expenses multiplied by a ratio the numerator of which is the number of square feet of improvements on the subject parcel and the denominator of which is the number of square feet of improvements on Parcels 1, 2 and 3. Each time improvements are added to Parcel 2 or Parcel 3, an additional sum, calculated on the same formula, but deducting therefrom any amounts previously paid, shall be payable to the Owner of Parcel 1. E. Each of the respective owners of the Parcels reserves the right to utilize its property for such purposes as do not unreasonably interfere with the easements and other rights herein granted, and the respective owners shall have the right to grant such other easements, rights or privileges in and to the easement tracts, to the extent that said tracts are located on their property, to such persons and for such purposes as the respective owners, in their discretion, may select, so long as such purposes do not unreasonably interfere with the use of the easement tracts for the fire protection system. -8-