; or (C) the person to whom the land, water, or interest is conveyed or otherwise transferred may seek a new agreement under this subsection. (6) An agreement under this subsection may be renewed with the mutual consent of the Secretary and the person who entered into the agreement or to whom the agreement has been transferred under paragraph (5). (7) The Secretary shall make annual payments under this subsection as soon as possible after December 31 of each calendar year. (8) An agreement under this subsection that applies to a species shall be deemed to be a permit under section 10(a)(1) to conduct all recovery, conservation, and other activities that are specified in the management plan and to enhance the propagation or survival of such species. (9) The Secretary, or any other Federal official, may not require a person to enter into an agreement under this subsection as a term or condition of any right, privilege, or benefit, or of any action or refraining from any action, under this Act. (10) In this subsection the term property owner means a person that holds a fee simple, leasehold, or other interest in property (including an owner of water or other natural resources), or any other person who holds a property interest, sufficient to carry out the proposed management activities, subject to applicable State law, on non-Federal land. . 4. Habitat reserve agreements Section 10 ( 16 U.S.C. 1539 ) amended by adding at the end the following: (k) Habitat reserve agreements (1) Program The Secretary shall establish a habitat reserve program to be implemented through contracts or easements of a mutually agreed on duration to assist non-Federal property owners to preserve and manage suitable habitat for endangered species and threatened species. (2) Agreements The Secretary may enter into a habitat reserve agreement with a non-Federal property owner to protect, manage, or enhance suitable habitat on private property for the benefit of endangered species or threatened species. Under an agreement, the Secretary shall