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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 |j n 2C 23 gl 2Z 2^ 2 £ f |jj ' such time as it has furnished to the Company title guarantees or policies of title insurance aforesaid. ARTICLE II. THE COMPANY AGREES: 1. Upon execution of this agreement and receipt of said Bill of Sale, and such necessary easements for said water lines, and receipt of necessary title guarantees or policies of title insurance, to pay to the Subdivider, at quarterly intervals, thirty five percent (35%) of the revenue received by it from customers located on lots numbered 1 to 9 inclusive, Block 2; Lots 1 to 6 inclusive. Block 6; and Lots 1 to 12 inclusive. Block 7, all in Desert Park Subdivision No. 3, taking direct service from water mains installed hereunder for a period of ten (10) years from the date of completion of said installation or until the Subdivider has been repaid the agreed upon sum of 114,674.00, whichever first occurs ARTICLE III. IT IS MUTUALLY AGREED: 1. All water mains so installed shall be and remain the property of the Company. 2. This agreement shall inure to the benefit of and be bina-ing' upoij the successors,.-andj assigns of the respective parties hereto. I Ilf %ftKTESS WHEREOFf, the parties hereto have executed this agreement diheUdA^^ancj year first above written. '§|jys ....... LAS VEGAS LAND AND WATER COMPANY (By/ ] D E S E R T , d P A R K , N f t " "? By_ L Z ~ -j______ -