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A. The Property shall be maintained in a natural scenic condition and restricted from any <br />development or use that would impair or interfere with the conservation purposes of the <br />Property. The following uses are specifically declared to be consistent with the <br />conservation purposes of the Property: open space,. walking trails, parking, restroom <br />facilities, environmental or scientific projects or studies, and other similar low-impact <br />activities. <br />B. The Property shall be open to the public (including but not limited to citizens of all <br />the parties to this Agreement) during daytime hours subject to reasonable rules and <br />regulations of the owner of the Property and any public use and access restrictions <br />contained in the Grant Agreement or subsequent conservation easements that may be <br />placed on the Property or portions thereof. <br />C. If necessary to qualify for state or federal grants, the Property may be subject to <br />further restrictions as to use. <br />9. Governing Law. This Agreement shall be governed by and in accordance with the laws <br />of the State of North Carolina. <br />10. Term. The term of this agreement shall be from the date first written above and shall <br />terminate ten (10) years from the date set forth above, unless otherwise terminated or <br />extended upon mutual agreement of all parties, which agreement shall be made in writing <br />and executed with the same formality as this Agreement. Notwithstanding the foregoing, <br />any one party may terminate its participation under this Agreement by providing written <br />notice to the other parties so long as the terminating party has no executable obligations <br />remaining hereunder following the effective date of termination. <br />11. Aaaointment of Personnel. Each party's respective Manager shall designate the <br />persons to carry out the obligations of that party under this Agreement. <br />12. Amendments. This Agreement maybe amended at any time by execution by all parties <br />of a written agreement. <br />13. Entire Agreement. This Agreement together with the agreements referenced in this <br />Agreement, shall constitute the entire understanding between the parties and shall <br />supersede all prior understandings and agreements relating to the subject matter hereof <br />and maybe amended only by written mutual agreement of the parties. <br />14. Headings. The subject headings of the paragraphs are included for purposes of <br />convenience only and shall not affect the construction or interpretation of any of its <br />provisions. This Agreement shall be deemed to have been drafted by all parties and no <br />purposes of interpretation shall be made to the contrary. <br />7of11 <br />