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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 of State and City Health Authorities, and shall be constructed at an elevation to be designated by a duly authorized representative of the Company, but in no event shall there be less than 36" of covering over such water mains. All workmanship, material and the installation of said water main shall be subject to the approval and acceptance by a duly authorized representative of the company. 3. To furnish the Company easements, satisfactory in form, where pipe lines are to be laid in other than dedicated streets and alleys, said easements to be five (5) feet on each side of the center line of said pipe line. 4* To furnish a bill of sale for said water mains, conveying to the Company all right, title and interest in the said water mains free and clear of all liens and encumbrances. Article 11. THE COMPANY AGREES: 1. Upon the execution of this agreement and receipt of said bill of sale, and such necessary easements for said water mains, to pay to the Subdivider at quarterly intervals, thirty-five (35$) percent of the monthly revenue received by it from consumers located within said Tract 3, taking service from the water mains installed hereunder for a period of ten (10) years from the date of completion of said installation, or until the Subdivider has been repaid the actual cost of installation of said water mains, not to exceed, however, the sum of $5644.SO, whichever occurs first. - 3 -