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• • D. Owner and Town desire to limit the use of the Property,by dedication of a conservation easement in order to ensure the preservation of the existing structures and to reduce potential adverse impacts on the Property including grading, vegetation removal, and erosion, recognizing that much of the Property is essentially unimproved and if retained in its natural state has substantial ecological and scenic value, and that the preservation of the Property with certain attendant structures as open space constitutes an important physical, cultural, historical, aesthetic and economic asset to the Town and to Owner. E. Owner intends to convey a conservation easement as defined in and governed by Cal. Civil Code Sections 815.1 through 815.10, inclusive, and 816 (hereinafter called the "California Conservation Easement Law") and all rights of the holder of a conservation easement under the California Conservation Easement Law to Town over the Property including the right to preserve and protect, in perpetuity, the natural, scenic open space and other Conservation Values of the Property, subject to the restrictions contained herein. F. Town is a"qualified organization" under Section 170(h)(3) of the Internal Revenue Code and is an entity authorized to acquire and hold a conservation easement pursuant to Cal. Civil Code 815.3. G. Town has adopted a General Plan and, pursuant thereto,may accept grants of conservation and open space easements on privately owned lands lying within the Town of Los Altos Hills. Town finds this conservation easement to be consistent with the adopted Town's General Plan and in the best interest of the Town. H. Town agrees by accepting this Conservation Easement to honor the intentions of Owner stated herein and to preserve and protect in perpetuity the Conservation Values of the Property for the benefit of this generation and the generations to come. AGREEMENT NOW THEREFORE, in consideration of the above and the mutual covenants, terms, and restrictions contained in this Conservation Easement and pursuant to the Internal Revenue Code and the laws of California, Owner hereby voluntarily, unconditionally and absolutely grants and conveys to Town this Conservation Easement over the Property for good and valuable consideration. Town hereby accepts the grant of this Conservation Easement and agrees to protect the conservation values of the Property in perpetuity. 1. Purpose. The purpose of this Conservation Easement is to assure that the Property will be retained in perpetuity predominantly in its current natural, scenic and open space condition and to prevent any use of the Property that will significantly impair Crozier Hogle Conservation Easement 2