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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 9 policies of title insurance aforesaid. 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, and receipt of necessary title guarantees or policies of title in­surance, to pay to the Subdivider at quarterly intervals thirty-five percent (35%) of the revenue received by it from consumers located within Van Patten Tract No. 1, taking service from the water lines installed hereunder for a period of ten (10) years /O - from the date of completion of said installation or until the Subdivider has been paid the agreed upon sum of $4,483.00, which­ever first occurs. ARTICLE III. IT IS MUTUALLY AGREED: 1. All water mains so jinstalled shall be and remain the property of the Company. 2. This agreement shall inure to the benefit of and be bind­ing upon rtl^“-sTO'c^^OTB““^ff“^,ssigns of the respective parties hereto i i t h e parties hereto have executed this 1 | : ; |f agreement a|^fa;i%e,;jd^^pnd |year first above written. Attest: L""'“ >— LAS VEGAS LAND AND WATER, COMPANY Vice President Attest: | ***' J £ E i § DESERT DEVELOPMENT, INC. Secretary! Secretary President - 4 -