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V C,L»D, No. 10555 THIS AGREEMENT made and entered into this 30th day of November________, 1950, by and between LOS ANGELES & SALT t .atth: RAIIROAD COMPANY, a Utah corporation, First Party, UNION PACIFIC RAILROAD COMPANY, a Utah corporation, Second Party, both of said companies being hereinafter collectively called "Railroad Company", and LAS "VEGAS LAND AND WATER COMPANY, a Nevada corporation, Third Party, hereinafter called "Water Company", WITNESSETH? Recitals First Party is the owner of certain real property herein­after called "water bearing lands" located in the City of Las Vegas, County of Clark, State of Nevada, outlined in Red color upon the map marked Exhibit "A" attached hereto and made a part hereof, and certain springs, water wells, pipe lines, reservoirs and other fa­cilities located upon said water bearing lands by means of which underground water is produced and saved from said lands. The First Party is the owner of pipe lines shown on Ex­hibit "A" through which water produced from said water bearing lands is transported and delivered into the distribution systems of First Party and of Water Company, The center line location of said pipe lines outside the boundaries of the water bearing lands is shown by green lines on Exhibit "A*. Rights of way sufficient for the said pipe lines shown by green lines on Exhibit "A" consist of strips of land 20 feet in width being 10 feet on each side of the center line location of each of said pipe lines across property owned by First -1