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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 veyed bo the Water Company water mins to serve proper­ties being developed by such subdividers or applicants subject to refund of the coat pursuant to the Buies and Regulations of the Water Company on file with the Pub­lic Service Commission of the State of Nevada. Water Company hereby assigns to the District, effective oi the sale date, all such contracts which upon said date are still wholly ©r partially unperformed* and the District hereby agrees ?ef­fective as of the sale date, to assume all liabilities, including liability for further refunds under said contracts, and t© Indemni­fy and save hamless the Water Company from any liability for re­funds under said contracts subsequent to the sale date. In the e-vent there a m In the possession of the Water Company upon the sale date * u m of money deposited with it under such contracts as ad­vances for the construction of water mains which have not been ex­pended for that purpose, the amount of said unexpended a i m shall b< deducted from the purchase price, and the District hereby agrees to assume, effective at of the sale date, all liability under said son tracts with respect to said unexpended sums. Section 13. First Parties, and each of them, reserve the right to convey or transfer any ©r all of the properties referred to in Sections 1, 5 and # hereof at any time prior to the sale date to one or m m of First fart ten, or to some other affiliated corpo­ration, upon the condition that such transferee shall assume the ob­ligation to convey and transfer of said properties to the District upon the sale date in accordance with the provisions of this agree- 89*