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<br /> NOW, THEREFORE, BE IT MUTUALLY AGREED that for and <br /> in consideration of the premises herein and the covenants <br /> . hereinafter contained and the mutual benefits to be derived <br /> by both parties, Licensor hereby confers upon Licensee the <br /> License and privilege to use certain real properties for a park <br /> and recreation use. The first of said properties shall be <br /> known as Arroyo del Valle, Zone No. 7 , but may be supplemented <br /> from time to time by assent of the parties. The description of <br /> such additional properties, when agreed upon by Licensor and <br /> Licensee, shall be noted by attachment to this agreement. Such <br /> License shall be, subject to Licensor's continuing and superior <br /> rights for flood control and water conservation activities, for <br /> the purpose of improving, maintaining and operating recreational <br /> facilities; Licensee accepts said License and responsibility, <br /> and both parties agree to the conditions hereinafter set forth: <br /> I <br /> PROPERTY RIGHTS. This License and its acceptance and <br /> exercise grants no property interest or estate in the aforesaid <br /> real properties to Licensee other than as herein set forth. <br /> II <br /> TERM. This License is granted for a term of twenty- <br /> five (25) years from the date hereof with an option to Licensee of <br /> renewal for additional periods of twenty-five (25) years thereafter <br /> upon application therefor accompanied by a showing of faithful <br /> exercise thereof according to the covenants herein; either this <br /> original grant or any renewal thereof to be subject to termination <br /> under the covenants provided herein to govern such termination. <br /> III <br /> NON-EXEMPTION. This License does not and shall not <br /> be interpreted to grant Licensee any rights to proceed with <br /> such improvement, maintenance or operation thereunder without <br /> compliance with all applicable Federal or State laws or local <br /> ordinances or the obtaining of permits or authorizations re- <br /> quired by any other public agency, nor shall it be construed <br /> as authorizing any zoning variance or establishing any precedent <br /> for similar variance except as provided for under Section X hereof. <br /> -2- <br />