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V Copy juAw Vi^GAS LAND AND WA CONTRACT A S S I G N M E N T RECITALS: Under date of December 10, 1945, LAS VEGAS LAND AND WATER COMPANY, therein called "Company", entered into a certain Agree­ment with MASTERCRAFT HOMES, INC., a corporation of the State of Nevada, therein called "Subdivider", which Agreement is identified as being Las Vegas Land and Water Company "N" L.D. #1435b, where­in the Company agreed that on certain conditions it would complete the installation of water mains to and within a subdivision called Charleston Square Tract No. 1, the plat of which is recorded in Book 2 of Plats at page 66, Clark County, Nevada, records; And wherein the Subdivider agreed to pay to the Company the actual cost of the installation of said water mains; And wherein the Company agreed to pay to the Subdivider at monthly intervals fifty per cent of the monthly revenue re­ceived by it from customers taking water from the water mains so installed thereunder, for use in Blocks 1,2,3,4,5 and 6 of said Charleston Square Tract No. 1, for a period of te/l*ytears from the date of the completion of said installation or until the Subdivider has been repaid the actual cost of the line, so advanced by it, whichever occurs first; And whereas, the Subdivider did pay to the Company the total cost of installing said water mains; And whereas, the Subdivider desires to assign to A. E Tiffany and 0. A. Bell all moneys to be paid hereafter by the