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upr000263 75

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upr000263-075
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    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

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    University of Nevada, Las Vegas. Libraries

    H the District by a bill of sale in the form hereto attached as Exhibit ”1”, which the District agrees shall not be recorded on the real property records of Clark County, Nevada. If the Dis­trict shall require the assignment of the permit referred to in Subparagraph (i) of Section 1 hereof, said permit shall be assigned to the District by instrument satisfactory in form to the First Parties and the District. The easements referred to in subparagraph (k) of Section 1 hereof shall be conveyed to the District by document in the form of Exhibit "F" except that the easement referred to in subparagraph (k-15 ) shall be con­veyed to the District by instrument in the form of Exhibit "F-l". Said escrow instructions shall provide that the escrow charges of the said First National Bank of Nevada shall be borne equally by the District and First Parties and that the cost of the said policy of title insurance shall be borne by First Par­ties; that the First Parties shall bear the cost of documentary stamps to be affixed by the Escrow Agent pursuant to Section 3842 of the Internal Revenue Code on all instruments conveying lands, tenements or realty to the District. If the First Parties shall perform all or any part of the work referred to in Section 5 hereof, upon completion there­of by the First Parties, all of the facilities constructed and all salvageable material removed by or for account of First Parties shall be conveyed by said First Parties to the District by bill of sale sufficient to vest title thereto in the Dis­trict . Section 8. As consideration for the conveyance-to the District of the properties referred to in Section 1 hereof and for the other agreements and covenants herein contained to be performed by First Parties, except the performance by First Parties of any work pursuant to Section 5 hereof, the District shall pay to the First Parties, or to such party as First Par­ties shall designate, upon the sale date through the escrow provided for in Section 7 hereof, Two Million Five Hundred Thousand Dollars ($2,500,000.00) hereinafter called the "basic purchase price", subject to the adjustments hereinafter stated. Section 9 . There shall be added to the basic purchase price to be paid by the District upon the sale date the follow­ing amounts: (a) All payments made by First Parties, or any of them, at any time, and the cost of all material fur- 23.