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NOW, THEREFORE, in consideration of the covenants herein contained, it is mutually agreed between the parties as follows: 1. Term. The Licensee is hereby granted a license to perform certain activitiesincluding, but not limited to, research, experimentation, and testing of certain native algae and aquatic plants within the designated 0.10 acre area of Egret Marsh for a period of five (5) years commencing from the date on which this License Agreement becomes effective. The Initial Term of this License Agreement shall begin on , 2013 and shall expire on , 2017. The Licensee may request a renewal of the License Agreement for an additional five (5) year term by submitting written notice to the County within ninety (90) calendar days prior to the expiration of this Initial Term. The County may grant a Renewal Term in its sole discretion. The parties may agree to alter certain time periods, locations, or other similar matters designated within this '•- License Agreement by amendment or modification. The County shall make the ultimate determination, in its sole discretion, as to whether this License Agreement may be renewed or whether any amendments or modifications to this License Agreement are appropriate. 2. Payments. In consideration of this Licensee Agreement, Licensee shall pay to the County a License Fee of two dollars ($2.00) for each year that the License Agreement remains effective for a combined total of ten dollars ($10.00). The Licensee shall pay the ten dollar ($10.00) License Fee to the County on or within twenty (20) calendar days of the execution of this License Agreement. It is anticipated that Licensee will assist the County in screening and bagging the compost produced from some or all of the algae grown at Egret Marsh on location, and 2 28