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<br />Conservation License (rev. 12/16) Page 2 of 23 License No. 23-108200 <br />(b) Warranties on Activities. <br />(1) Licensee warrants that no permit, law, or regulatory authority obligates <br />Licensee to conduct the Activities. <br />(2) Licensee warrants that Licensee will not receive or gain compensatory <br />mitigation or natural resource damage credits because of the Activities. <br />(c) Licensee’s breach of any warranty under Paragraph 2.1(b) is cause for <br />Termination resulting from breach under Paragraph 9.3. <br />(d) Restoration of Property Required Under Certain Conditions. <br />(1) If during the term of this License, the Activities cause unintended or <br />unanticipated consequences that are deleterious to the Property or natural <br />resources on the Property, or result in conditions that pose a threat to <br />human health or safety, Licensee shall notify DNR immediately and make <br />all necessary repairs or corrections to the natural resources and Property. <br />(2) If Licensee fails to take action in a timely manner, State may restore the <br />natural resources or Property and charge Licensee restoration costs and/or <br />charge Licensee for damages. On demand by State, Licensee shall pay all <br />costs and/or damages. <br /> <br />2.2 Restrictions on Activities. The following limitations apply to the Property and adjacent <br />state-owned aquatic land. Licensee shall not cause or permit: <br />(a) Damage to natural resources, except to the extent expressly permitted in Exhibit <br />B, <br />(b) Waste, or <br />(c) Deposit of material, unless approved by State in writing and except to the extent <br />expressly permitted in Exhibit B. This prohibition includes deposit of fill, rock, <br />earth, ballast, wood waste, refuse, garbage, waste matter, pollutants of any type, <br />or other matter. <br /> <br />2.3 Conformance with Laws. Licensee shall keep current and comply with all conditions <br />and terms of any permits, licenses, certificates, regulations, ordinances, statutes, and other <br />government rules and regulations regarding its activities on the Property. <br /> <br />2.4 Interference with Other Uses. <br />(a) Licensee shall exercise Licensee’s right of entry under this License in a manner <br />that minimizes or avoids interference with the rights of State, the public or others <br />with valid right to use or occupy the Property or surrounding lands and water. <br />(b) Licensee and its agents, contractors, and subcontractors shall provide State with at <br />least two (2) weeks notice before commencing any Activities. Licensee shall <br />promptly notify State of any modifications in the schedule. <br /> <br /> <br />SECTION 3 TERM <br /> <br />3.1 Term Defined. This License commences on the 1st day of October, 2025 <br />(“Commencement Date”), and terminates on the 30th day of September, 2027 (“Termination <br />Docusign Envelope ID: 9AF27A6B-A801-4DA1-8CF6-CC7F0385775B