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Lease and Agreement.

Whereas, on the 11th day of November, 1885, LELAND STANFORD and
JANE LATHROP STANFORD, his wife, by a Grant founding and endowing the
LELAND STANFORD JUNIOR UNIVERSITY, conveyed to certain Trustees therein
[ ?ed], among other things, that certain tract of land situated partly in the County of
Santa Clara and partly in the County of San Mateo, in the State of California, and now
commonly known and designated as the "Palo Alto Farm," which tract of land is more
particularly described in Schedule "A" attached to said Grant and made a part thereof.

And Whereas, the Grantors named in said Grant did, by the provisions of
division one of Article II thereof, elect, in relation to the property thereby conveyed
said Trustees, and in relation to the erection, maintenance and management of the
institution thereby founded, to perform during their lives all the duties and exercise all
the powers and privileges which by the terms of the said Grant were enjoined upon and
rested in the Trustees therein named, and their successors.

And Whereas, by subdivision three of Article IV of said Grant, one of the
owners invested in said Trustees was to manage and control the Trust property, care
and improve the same.

And Whereas, by the provisions of subdivision three of Article XIII of said
Grant, the right to improve, manage, lease and control the Trust property is reserved
the Grantors, and to the survivor of them.

And Whereas, it is deemed advisable to lease certain portions of said premises
conveyed as aforesaid.

Now, Therefore, This Lease and Agreement Witnesseth: That JANE
LATHROP STANFORD, as Surviving Founder, in the performance of the duties and
the exercise of the powers and privileges aforesaid, and in the execution of the trust,
the place of the Trustees named in the Grant, party of the first part, for and in
consideration of the covenants hereinafter expressed, and the rents reserved, does
hereby demise and lease unto The Chi Psi Lodge Assoc.,
the Leland Stanford Jr. University
party of the second part, for and during the full term of ten (10) years from
19th day of May, 1900, to wit: from said date to the Nineteenth
day of May, 1910, the following premises, to wit:
The certain lot or parcel of land situate on the lands known as the "Palo
Alto Farm" and being now the grounds of said University, in the County of Santa
Clara, State of California, more particularly described as follows:
Beginning at a stake located Ne 58 degrees 38' 20 feet
from the North East corner of the [ ?] lot on the North
easterly side, of a lane 20 feet wide. Thence N 58 degrees 38E
[ ?} feet to a 4" x 4" stake, set in the Southwesterly line
Salvatierra Street, thence N 30 degrees 43'E 49 1/10 feet to c 3" x 3"
[ ? wood] monument at the Southwesterly corner of Salvatierra
& Arguello Street Thence Ne 87 degrees 12' W 191 5/10 feet to an iron
stake, thence S 30 degrees 45'E 186 55/100 feet to the place of beginning.
Containing 0.486 acres, and situated on the Campus
of the Leland Stanford Jr. University, Santa Clara Co.
State of California.
Surveyed May 1900
by J. G. McMillan, County Surveyor.