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4* To frirnish the Company easements, satisfactory in form, where pipe lines are to he laid in other than dedicated streets and alleys, said easements to he five (5) feet on each side of the eenter line of said pipe line* 5* To furnish a Bill of Sale for said water mains, conveying to the Company all right, title and interest in the said water mainSj free and clear of all liens and encumbrances* ARTICLE II. THE COMPANY AGREES: 1 . Upon the execution of this agreement and receipt of said Bill of Sale, and such necessary easements for said water lines, to pay to the Suhdivider at quarterly intervals thirty-five (35%) per­cent of the revenue received hy it from consumers located within said Eastwood Tract No* 1, taking service from the water lines in­stalled hereunder for a period of ten (10) years from the date of completion of skid installation, or until the Suhdivider has heen repaid the agreed upon sum of $34,640*00, whichever first occurs* ARTICLE III* IT IS MUTUALLY AGREED: 1* All water mains so installed shall he and remain the property of the Company* 2* This agreement shall- inure to the benefit of and he hind ing upon the successors and assigns of the respective parties hereto* IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day arid year first above written* Attest: LAS VEGAS LAND AND WATER COMPANY — v By. Assistant Secretary Vice President LEE CONSTRUCTION COMPANY, INC* By, -3- Presidert