Watermark in videos for ultra plan , is anybody else getting this?

I am currently subscribed to the Google Ultra plan, but I am still seeing a watermark displayed on my videos. Since this is an Ultra plan, I was not expecting any watermark to appear on the exported or generated videos. I would also like to clarify that I am not based in any EU country, so I do not believe this issue is related to EU-specific availability or restrictions. Please look into this issue and help resolve it as soon as possible.

Thank you.