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FLOWAGE AND CONSERVATION EASEIV1LNT AGREEMENT AND WAIVER OF DAMAGES TJ US INDENTURE, inade tuid entered into this day of 19 b and between QohLand Development, Inc:, a Minnesota corporatinn y assigns, and successors IhereinaRer collectively referred to as Elie Grantor's)] aE its successors and assigns, a nnuiicipai corporation under the laws of the (hereinafter referred to as the Gnuitee.) and its Heirs, d the City of Orono, State of Minnesota WITNLSSLT'I I, Grantor(s), for and iii consideration of (lie sum of One Dollar ($1.00) and other valuable consideration, hereby coveiiaii(, grant, gift, quit claim and convey to grantee die right to restrict and gran(or(s) agree to limit and preclude the use, iniprovenient and developnient, under the conditions and covenants herein contained, [lie following described Laud in the County of Ileruiepiu and Stale of Minnesota: over the wetland and stormwater management pond as depicted on the plat of CARRIAGE' HILL as follows: 1. Grantor(s) hereby covenant(s) and agret A. No Structures sliall be constructed, erected, or placed upon, above, or beneath the Land including without limitation, fences, fireplaces, steps, docks, biers, Hardcover or roads of any nature whatsoever, or any other structure or iitiprovenicnt inconsistent with the natural state of the land. B. No trees, shrubs or other vegetation shall be destroyed, cut or removed from the Ladd except as authorized by written consent of Grantee. C. No earth, loani, peat, gravel, soil or any oilier natural material or substance shall be nioved or renioved froin the Land and, there shall be no dredging or excavation of any nature whatsoever or any change of lice topography of the Laird without the written consent of Grantee. D. No soil, sand, gravel or oilier substance or inaterial as landfill shall be placed, duniped or stored upon the Land and no waste, trash or garbage shall be placed, dumped or stored upon the Land. Pagel of 3