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<br />2. Term of License. The license granted herein shall commence on the date of this <br /> <br />Agreement, shall be permanent and irrevocable, and shall inure to the benefit of and be binding <br /> <br />upon the parties hereto and their respective successors and assigns, and shall run with the land. <br /> <br />3. Location of Trails. The ski trails on the Property shall remain in their existing <br /> <br />location, unless alternative locations are agreed on by Licensor and Licensee. <br /> <br />4. Payment. In consideration for the granting of the License, Licensor shall receive <br /> <br />$1.00 and other good and valuable consideration, including other property interests, the <br /> <br />sufficiency of which is hereby acknowledged. <br />5. Indemnification. Licensor shall not be liable to Licensee, invitees and guests for <br /> <br />any damage to person or property arising out of Licensee's use of the Property pursuant to this <br /> <br />Agreement. Licensee shall release, indemnify, hold harmless and defend Licensor from and <br /> <br />. against any and all claims or causes of action for personal injury or for any loss of life or <br /> <br />. <br /> <br />. <br /> <br />property damage arising as a result of Licensee's use of the Property. <br /> <br />6. Assignability. This License may not be assigned or transferred by Licensee <br /> <br />without the written consent and permission of the Licensor or its successors in interest. This <br /> <br />License may be assigned or transferred by the Licensor without the consent of the Licensee. <br /> <br />7. Termination. This Agreement may be terminated only by mutual agreement of <br /> <br />the Licensee and Licensor. The license granted by this Agreement shall terminate as to any <br /> <br />portion of the Property which ceases to be used by the Licensor as a golf course upon transfer of <br /> <br />that portion of the Property to a third party for non-golf course purposes. <br /> <br />8.. Notices. Any notices to be given under this Agreement shall be given in writing <br /> <br />by depositing the same in the U. S. Mails, postage paid, addressed to the parties at the following <br />address: <br /> <br />-2- <br />