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3. Prior satisfaction by Grantee of the conditions for recordation by Grantor, as provided in
<br />the DDA, of a Certificate of Completion of construction, Grantee shall not, except as permitted by the
<br />DDA, sell, transfer, convey, assign or lease the whole or any part of the Property or the buildings or
<br />structures on the Property without the prior approval of Grantor, which approval will not be
<br />unreasonably withheld by Grantor. Except as provided in the DDA, this prohibition shall not apply
<br />subsequent to the satisfaction by Grantee of the conditions for recordation of a Certificate of
<br />Completion. This prohibition shall not be deemed to prevent granting of easements or permits to
<br />facilitate the development of the Property.
<br />4. Prior to satisfaction of the conditions for issuance of a Certificate of Completion, Grantor
<br />shall have the additional right, at its option, to reenter and take possession of the Property with all
<br />improvements thereon, and revest in Grantor the estate theretofore conveyed to Grantee if after
<br />conveyance of title and prior to recordation of the Certificate of Completion, Grantee (or its successors
<br />in interest) shall, in violation of the DDA, but subject to the provisions of Article 6 and Article 7 of the
<br />DDA:
<br />(a) Fail to prosecute to completion the construction of the Improvements pursuant to the
<br />DDA;
<br />(b) Construct or attempt to construct the Improvements in material deviation from the
<br />approved Construction Plans;
<br />(c) Abandon or suspend construction of the Improvements for a period of sixty (60) days after
<br />written notice by the Agency of such abandonment or suspension;
<br />(d) Transfer, or suffer any involuntary transfer of the Property, or any part thereof, in
<br />violation of the DDA;
<br />Such right to reenter, repossess and revest, to the extent provided in this Grant Deed, shall be
<br />subordinate and subject to, and be limited by and shall not defeat, render invalid, or limit:
<br />(a) Any mortgage, deed of trust or other security instrument permitted by the DDA;
<br />(b) Any rights or interest provided in the DDA for the protection of the holder of such
<br />mortgages, deeds of trust or other security instruments.
<br />5. Grantee covenants by and for himself, and any successors in interest, that there shall be no
<br />discrimination against or segregation of any person, or group of persons, on account of sex, race, color,
<br />creed, religion, marital status, national origin or ancestry in the sale, lease, sublease, transfer, use,
<br />occupancy, tenure or enjoyment of the Property, nor shall Grantee itself or any person claiming under
<br />or through him establish or permit any such practice or practices of discrimination or segregation with
<br />reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants,
<br />sublessees, or vendees of the Property. The foregoing covenants shall run with the land.
<br />All such deeds, leases or contracts shall contain or be subject to substantially the following
<br />nondiscrimination or nonsegregation clauses:
<br />(a) In deeds: "Grantee herein covenants by and for itself, its successors and assigns, and all
<br />S.L. Vanuatu Grant Deed Page 2 of 4
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