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ARTICLE II The Company agrees? 1. Upon the execution of this agreement and the payment of the sum of $10.830.00. specified In paragraph 1 of Article I hereof and receipt of easement, if required, pursuant to paragraph 3 of Article I, to order the necessary pipe, fittings and other materials necessary for making of such extension, and upon the arrival of the pipe and materials aforesaid at Las Vegas, to proceed with the installation of said water main along the line so staked upon the ground by the Subdlvlder, and to complete the said installation with reasonable diligence. 2. To pay to the Subdivider at monthly Intervals, fifty percent (50#) of the monthly revenue received by it from customers in Blocks 1 to 6 of said Subdivision, taking water from the water main so installed hereunder, for a period of ten (10) 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. It is mutually agreed: 1. That the water mains so installed shall be and remain the property of the Company. 2. Should the actual cost of the installation of said water mains exceed the estimated cost of $10.850.00.-then and in that event the Subdivider will pay the excess to the Company, upon demand, and if said actual cost be less than $10,830.00, then the Company will pay to the Subdlvlder the difference between said estimated cost so advanced and the actual cost. By actual cost is meant the cost of all material and supplies delivered to the Job and the cost of all labor employed in connection with the installation of said water main,t plus ten percent (10#] to cover supervision and office expense. 3. This agreement shall inure to the benefit of and bind the successors and assigns of the respective parties hereto* IN WITNESS WHEREOF, the parties hereto have executed this agre«» ement as of the day and year first above written. ARTICLE III LAS VEGAS ANY McNEIL HOUSING- COMPANY President Secretary