man000165 30

w w m m * h o m e s , inc ASSIGNMENT 18 LIQUIDATION TO STOCKHOLDER KNOW ALL HIM BY THESE PRESENTS: That on the 29th day of January, 1999, the Board of Directors of Federal Homes, Inc., a Nevada Corporation, in a legally called special meeting of the said Board, did adopt a resolution authorising the complete liquidation of the said Federal Homes, Inc. and a plan for effecting such complete liquidation; That on the said 29th day of January, is a legally called special meeting of the stockholders of the said Federal Homs, Inc., the said stockholders did, by unanimous vote of all of the outstanding capital stock of the said corpora* tion, approve the aforesaid resolution of the Board of Directors; That among the assets of the corporation to he distributed to the stock­holders under the said plan of complete liquidation are certain rights to re­ceive refunds from the las Vegas Valley Water District, such refunds being con­tingent upon revenues received by the said Las Vegas Valley Water District from service to the properties improved by Federal Homes, Inc., all under the terms of a contract existing between the Las Vegas Valley Water District and Federal Homes, Inc.; That the aforesaid resolution authorising complete liquidation of Federal Homes, lac. provides that the right to receive future refunds from the Las Vegas Valley Water District shall be assigned to the stockholders of Federal Homes, lac. pro-rata as their stockholdings, as follows: Therefore, pursuant to the authorisation of its Board of Directors, Federal Homes, Inc. does hereby assign and convey to the right to receive thirty-five per cent (35%) of any refunds to be paid subse­quent to this date by the Las Vegas Valley Water District by reason of its con­tract with Federal Homes, Inc. Hurray tollman Melvin and Corlnae Moss Harry Mack Hate Black Louis Black Jerome D. Mack 39% 20% 15% 5% 15% JEROME D. MACK cSoTAeTiiErv C T NEVADA) of c l a s s ) ** Subscribed and sworn to before me this V ^ - B ^ rjr'! Public