MINOR COASTAL ZONE MANAGEMENT PERMIT NO. CLI-02-15L I. AUTHORITY. This permit is issued by the Commissioner of the Department of Planning and Natural Resources and is administered and monitored by the Department pursuant to Title 12, Chapter 21, Virgin Islands Code. As herein, "Permittor" is the Government of the Virgin Islands and "Permittee" is Nautilus, Inc. 2. SCOPE. This permit allows the paving of existing recreational vehicle and pedestrian pathways. This project is located at parcels A, B & C Little St. James Cay, St. Thomas, Virgin Islands. 3. TERM. This permit is effective upon its signing by the Commissioner of the Department of Planning and Natural Resources, pursuant to VI Code, Title 12, Chapter 21. Authorization for construction under this permit will expire if the Permittee fails to commence work within twelve (12) months from the date this permit becomes effective. 4. DOCUMENTS INCORPORATED BY REFERENCE. EXHIBIT A - CZM Permit Application signed October 2, 2014 EXHIBIT B - Required document submittal (deed, tax letter and maps). EXHIBIT C - Site plan and Drawings dated September 18, 2014 5. GENERAL CONDITIONS. (a) liability. The Permittee agrees to assume full and complete responsibility for all liability to any person or persons, including employees, as a result of its control of the area described in Paragraph 2 of this permit, and all improvements thereon (which area and improvements are herein after referred to as" the premises") and to hold the Permittor free and harmless from civil or other liability of any kind during the time the permittee is in control of the premises pursuant to this permit. (b) Personal Property and Damage. All personal property of any kind or description whatsoever, located on the premises will be there at the Permittee's sole risk. (c) Assignments or Transfer. This permit may not be transferred or assigned except as provided in Section 910-15 of the Regulations of the Coastal Zone Manag