| | 5.__Options to purchase.__The grant of rights of first refusal | or options to purchase to qualified holders or their assigns, | subject to the terms and conditions of the working waterfront | covenant; |
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| | 6.__Maintenance and insurance of working waterfront real | estate.__The obligation to maintain, operate and insure working | waterfront real estate; |
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| | 7.__Construction and materials.__The right to restrict or | specify types of buildings, structures and materials that may be | used in improvements on working waterfront real estate; and |
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| | 8.__Acts that may enhance affordability of working waterfront | real estate.__The right to prohibit, limit or require other acts | that may enhance or allow the affordability and availability of | working waterfront real estate to commercial marine fisheries | operators in the future. |
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| | A working waterfront covenant is valid and enforceable | notwithstanding any of the following conditions. |
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| | 1.__Not appurtenant to interest in real property.__The working | waterfront covenant is not appurtenant and does not run with an | interest in real property. |
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| | 2.__Assignable to another holder.__The working waterfront | covenant can be or has been assigned to another qualified holder. |
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| | 3.__Not recognized at common law.__The working waterfront | covenant is not of a character traditionally recognized at common | law. |
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| | 4.__Imposes negative burden.__The working waterfront covenant | imposes a negative burden. |
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| | 5.__Imposes affirmative obligations.__The working waterfront | covenant imposes affirmative obligations upon the owner of an | interest in the burdened property or upon the qualified holder. |
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| | 6.__Benefit does not touch or concern real property.__The | benefit of the working waterfront covenant is held by a qualified | holder who has not retained property that would benefit from | enforcement of the working waterfront covenant, or the benefit | does not touch or concern real property in any other way. |
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| | 7.__No privity of estate or contract.__There is no privity of | estate or privity of contract. |
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