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I Copy for Company / A S S I G N M E N T (03^.Ct — / Corresp. n & jb 3 - ? - / RECITALS: Under date of June 16, 1945, LAS 7EGAS LAND-AND-WATER COMPANY, therein called "Company", entered into a certain Agree­ment with BILTMORE HOMES, INC., a corporation of the State of Nevada, therein called "Subdivider", which Agreement is identified in the Company agreed that on certain conditions it would com­plete the installation of water mains to Blocks 2 and 3 of Bilt-more Addition Annex No. 3, the plat of which is recorded in Book 2 of Plats at page 48, 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 in said Blocks 2 and 3 taking water from the water mains so installed, for a period of ten years 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 main; And whereas, the Company has been refunding to the Sub divider fifty per cent of the monthly revenues so received by it from said customers as aforesaid; as being Las Vegas Land and Water Company "N" L. D. #1^32, where­Am- I