ANNEX F: COVENANT OF THE PROVINCE

Province of British Columbia Covenant to Vancouver, Candidate City for the 2010 Olympic and Paralympic Games

WHEREAS:

A. Her Majesty the Queen in right of the Province of British Columbia (the "Province") is committed to the bid by the City of Vancouver ("Vancouver") to organize and host the 2010 Olympic Winter Games and Paralympic Winter Games (the "2010 Games") in accordance with the conditions set out by the International Olympic Committee (the "IOC") in its Olympic Charter and in its Manual For Candidate Cities for the XXI Olympic Winter Games 2010 (the "Manual for Candidate Cities");

B. Part II of the Manual for Candidate Cities requires Vancouver to submit its Candidature File containing responses to questions addressing 18 Themes set out in the IOC's Questionnaire, including various statements of support, covenants and guarantees from the Province, to be effective should the IOC select Vancouver to be the host city for the 2010 Games; and

C. Should the IOC select Vancouver to be the host city for the 2010 Games, Vancouver will be required to immediately sign an agreement (the "Host City Contract") with the IOC and the Canadian Olympic Committee (the "COC"), specifying in detail the obligations incumbent upon Vancouver as the city chosen to organize the 2010 Games.

Now Therefore,, in consideration of the foregoing, the Province states the following:

With respect to Theme 1, Question 1.2 of the Vancouver Candidature File:

1. The Province has expressed its commitment to Vancouver's bid for the 2010 Games on various occasions since the commencement of the bid. The most recent and comprehensive statement of commitment is set out in the Multiparty Agreement for the 2010 Winter Olympic Games and Paralympic Games ("Multiparty Agreement"), annexed to the Vancouver Candidature File.

With respect to Theme 2, Question 2.1.2 of the Vancouver Candidature File:

2. The Honourable Gordon Campbell, Premier of the Province of British Columbia and the Honourable George Abbott, Minister of Community, Aboriginal and Women's Services, confirm that, subject to Canadian law, Her Majesty the Queen in right of the Province of British Columbia guarantees the respect of the Olympic Charter and the Host City Contract; understands that all representations, warranties and covenants contained in the Vancouver bid documents, as well as all other commitments made, either in writing or orally, by either Vancouver (or authorized by Vancouver to be made on its behalf by the Vancouver 2010 Bid Corporation ("Bid Corporation")) or the COC to the IOC as part of the process of Vancouver's bid for the 2010 Games, shall be binding on Vancouver; and guarantees that it will take those measures necessary in order that Vancouver may fulfill its obligations.

With respect to Theme 4, Question 4.6 of the Vancouver Candidature File:

3. The Province states that provincial regulations and Acts in force regarding planning, construction and protection of the environment will apply to the organization of the 2010 Games. In addition, as set out in the Multiparty Agreement, the Vancouver Organizing Committee of the Olympic Games ("OCOG") will be required to agree to comply with all applicable federal, provincial and local laws, regulations and bylaws.

With respect to Theme 5, Question 5.1 of the Vancouver Candidature File:

4. The Province will:

1. guarantee the potential financial shortfall of the OCOG, subject to guarantee agreement(s) to be executed between the Province and the OCOG;
2. provide those government-related services that would ordinarily be provided by the Province, as services that fall within its jurisdiction (e.g., health care), subject to any other agreements specifying otherwise;
3. make available to the OCOG all 2010 Games venues described in the Vancouver Candidature File which are owned and controlled by the Province, or by agencies of the Crown, at no cost or at a rental cost to be pre-approved by the IOC; and
4. contribute CDN$255 million for the capital costs of constructing certain new or enhancing certain existing 2010 Games-related venues and a further CDN$55 million for an endowment legacy fund to support the operating costs of certain of those new or enhanced 2010 Games venues following the 2010 Games.

With respect to Theme 6, Question 6.2.1 of the Vancouver Candidature File:

5. The Province states that:

1. legislation is in force that provides mechanisms, including the ability to prescribe regulations, for the purpose of reducing ambush marketing, including
   1. the Land Act to control the use of Crown land within the vicinity of the 2010 Games venues,
   2. the Highway Act and the Motor Vehicle Act to control the use of highways under the jurisdiction of the Province, and
   3. the Trade Practice Act to control commercial representations which generate a false association with the 2010 Games; and
2. additional legislation to reduce ambush marketing can be considered prior to December 31, 2007 if the Province concludes that the legal measures available to it today should be strengthened.

6. With respect to outdoor advertising spaces, the Province states its intention to:

1. provide a binding option to the Bid Corporation to acquire, at market rates, any outdoor advertising space available on Crown land not leased or otherwise licensed to other parties as of January 1, 2003 in Vancouver, in Whistler, in the vicinity of the 2010 Games venues in the Callaghan Valley and in the vicinity of the 2010 Games venues at Cypress Mountain (collectively, the "Games Areas") and adjacent to Highway #1 through New Westminster, Burnaby, Vancouver, North Vancouver and West Vancouver and Highway 99 (the Sea to Sky Highway) from Horseshoe Bay to Pemberton, for the duration of the "2010 Games Advertising Period" (January 5, 2010 to March 16, 2010); and
2. agree, with respect to any Crown land in the Games Areas which is newly leased or licensed, or for which a lease or license is renewed, to include a provision in such lease or license requiring that a binding option on any outdoor advertising space be granted to the OCOG for the duration of the 2010 Games Advertising Period.

With respect to Theme 7, Question 7.1.2 of the Vancouver Candidature File:

7. The Province confirms that it has not and will not schedule any other important national or international meetings or events during the period from January 29 to March 21, 2010 in Vancouver,Whistler or adjacent communities which would interfere, compete or conflict with the successful hosting of the 2010 Games.

With respect to Theme 8, Question 8.1 of the Vancouver Candidature File:

8. The Province confirms that it will enter into agreements with the OCOG regarding Games-related venues that the Province owns and controls. These agreements will grant the OCOG control of all commercial rights (including in-stadium signage, catering and concessions signage and services, and venue naming rights) for the period of the 2010 Games, including the five days preceding the Opening Ceremony and the two days following the Closing Ceremony.

With respect to Theme 8, Question 8.3 of the Vancouver Candidature File:

9. The Province has agreed to contribute CDN$255 million for the capital costs of constructing certain new and enhancing certain existing 2010 Games-related venues and a further CDN$55 million for an endowment legacy fund to support the operating costs of certain of those new or enhanced 2010 Games venues following the 2010 Games.

With respect to Theme 9, Question 9.11.3 of the Vancouver Candidature File:

10. The Province:

1. acknowledges that section 57 of the Host City Contract requires the 2010 Paralympic Winter Games to be organized by the OCOG; and
2. states that in determining the potential financial shortfall of the OCOG referred to in the guarantee described in response to Theme 5, Question 5.1 the costs and revenues related to organizing and hosting the Paralympic Games will be included.

With respect to Theme 10, Question 10.8 of the Vancouver Candidature File:

11. The Province has agreed, together with the other parties to the Multiparty Agreement that, of the total CDN$620 million contribution by the Province and the Government of Canada, CDN$30 million will be applied to the construction of the Athletes' Village in Vancouver.

12. Regarding the agreement between the Bid Corporation and the Resort Municipality of Whistler with respect to the Athletes' Village in Whistler, the Province has agreed, together with the other parties to the Multiparty Agreement that, of the total CDN$620 million contribution by the Province and the Government of Canada, CDN$32.5 million will be applied to the development and construction of the Whistler Athletes' Village.

With respect to Theme 11, Question 11.2.2 of the Vancouver Candidature File:

13. The Province, having exclusive jurisdiction over matters related to health care in British Columbia, states that the plans for investment in health care facilities in British Columbia, as set out in response to Question 11.2.1, are practicable and compatible with the harmonious development of health care in British Columbia.

With respect to Theme 12, Question 12.10 of the Vancouver Candidature File:

14. The Province commits to assist, and share the costs with, the Government of Canada to provide for a safe and peaceful celebration of the 2010 Games.

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SIGNED on behalf of Her Majesty the Queen in right of the Province of British Columbia by the Premier in the presence of:


(witness) DM to Premier

[original signed by: Ken Dobell]
Deputy Minister to the Premier

SIGNED on behalf of Her Majesty the Queen in right of the Province of British Columbia by the Minister of Community, Aboriginal and Women's Services in the presence of:


(witness) DM of Community, Aboriginal and Women's Services

[original signed by: Bob de Faye]
Deputy Minister of Community, Aboriginal and Women's Services