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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