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T o : Union P a c ific R a ilro a d Company; L o s A n g eles and Salt Lake R a ilro a d Company; and L a s V egas Land and W ater Company: (D ra ft) The undersigned, L a s V egas V a lle y W ater D is tric t, a w a ter d is tric t crea ted and ex istin g pursuant to the p ro vis io n s of Chapter 167 of the 1947 Statutes o f N evada, as amended by Chapter 130 of the 1949 Statutes of N evada, and as amended by Chapter 307 of the 1951 Statutes o f N evada, does h ereb y o ffe r you the sum o f Tw o M illio n F iv e Hundred Thousand D o lla rs ($ 2 ,5 0 0 ,0 0 0 .0 0 ) fo r: b ea rin g land, outlined in red on the plat attached h ereto, m arked E xhibit " A " , and made a part h e re o f, togeth er with a ll of the im p ro vem en ts thereon and the appurtenances thereunto belonging; (b) A ll of the w a ter and righ ts to w a ter ris in g upon, o r flow in g fr o m the land d escrib ed in (a) above, including the w a ter p r oduced by pumping fr o m w e lls located thereon; (c) A tem p o ra ry rig h t-o f-w a y o r easem en t fo r the pipe lin es extending fr o m the land d escrib ed in (a) above o v e r lands owned o r held by you, in location as sam e now exist, p rovid ed that the location of said easem ents m ay be changed at you r option upon your provid in g a perm anent easem ent o v e r you r said lands; (d) A rig h t-o f-w a y o r easem en t fo r pow er lin es extending to the land d escrib ed in (a) above, in loca tion as such pow er lin es now e x ist, o v e r lands owned o r held by you; (e) A ll of your w a ter production fa c ilitie s and a ll o f your w ater distribu tion fa c ilitie s (ex clu sive o f what is known as the Shop W e ll, and a ll production and distribu tion fa c ilitie s connected th erew ith, but including au tom otive, shop and other * (a) The fiv e hundred seven ((5075) A c r e s , m ore o r le s s , of w a te r­- 1 -