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2 467428v3 SJR MU210-5 agreements herein to be performed by Grantees and other good and valuable consideration, and subject to the limitations contained herein, the Grantor does hereby allow Grantees to continue using the Subject Property for maintaining an in-ground swimming pool and related infrastructure within the Easement Area. 2. Term and Extensions. The term of this Agreement commences on the date that this Agreement is executed by the parties and will remain valid until December 31, 2030, or such earlier date as provided for in this Agreement. At that time, this Agreement will continue on a month-to-month basis until terminated by one or both parties. The parties may amend this Agreement to extend the termination date at any time in the future, but no amendment shall be valid until executed by both parties and recorded against the property. 3. Termination During Term. This Agreement may be terminated prior to the expiration of the term set forth herein, as follows: a Any party may terminate this Agreement during its term by giving at least ninety (90) days advance written notice to the other party. b. Termination will be effective on the date specified in the notice, and if no date is specified, ninety (90) days following the mailing of notice. 4. Termination After Term. This Agreement will continue on a month-to-month basis following the term specified herein. During that time, one or both parties may terminate this Agreement by notifying the other, in writing, of the termination. Termination shall be effective thirty (30) days following the mailing of notice, unless the notice provides a specified date that is more than thirty (30) days after the date of mailing of the notice. 5. Termination Upon Removal. This Agreement shall be automatically terminated if the swimming pool is permanently removed from the Subject Property. 6. Restriction on Improvements. The Grantees agree that the current in-ground swimming pool improvement located within the Subject Property constitutes all improvements, both as to size and location, authorized by this Agreement. Specifically, Grantees agree not to construct or cause to be constructed any additional improvement that would prohibit the free flow of water within the Subject Property, and that Grantees further agree that no structure, other than a fence that allows for the free flow of water, will be constructed within the Easement Area. 7. Flood Acknowledgment. Grantees have been put on notice that the Subject Property is part of the Easement Area which creates a substantial likelihood that flooding may occur in or around this area. Such flooding or related activity carries a significant risk of causing irreparable damage to any improvements constructed and maintained in the