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payable on the signing of this lease, and thereafter all rent shall be payable annually in advance,
at the beginning of each year of the term hereby created.

And said part . . . . . of the second part . . . . . hereby given and granted the right and privilege
of erecting houses, outbuildings and other improvements on said demised premises, the same to
be used for the following purposes alone, and for no other, that is to say: . . . . .

it being specially covenanted, agreed and understood that the same shall never at any time be used
as a boarding or lodging house, without the written consent of the party of the first part, or her
successors, and under her or their entire control.

And said part . . . . . of the second part hereby covenants and agrees to commence and
complete houses and other improvements within the period of one year from the commencement of
the term of this lease, ready for use and occupation, said houses and improvements to cost not less
than the sum of . . . . .
Dollars, the same and all modifications and all other improvements to meet the approval of said
party of the first part, or her successors; and the part . . . . . of the second part covenant . . . . . and
agree . . . . . , before the commencement of any improvements, to deliver to said party of the first part,
or her successors, a complete set of plans and specifications of all improvements proposed to be
erected or made by . . . . . , and the location of all such improvements upon the premises, the
same to meet with her approval or the approval of her successors.

Every building contract, by recital or by reference to this lease, shall show the extent of the
interest of the part . . . . . of the second part in the said premises. The part . . . . . of the second part
covenant . . . . . and agree . . . . . to hold harmless the party of the first part from any and all liens occasioned by
the erection of said buildings or improvements upon said land. Before the commencement of any
such improvement the party of the first part may require that the contractor or other person
erecting or making the same shall give a good and sufficient bond, in a sum not exceeding the cost
of the improvement in contemplation, protecting the Leland Stanford Junior University and the
property thereof against all mechanics' and other liens growing out of, or incident to, the erection
and making of such improvement.

Said part . . . . . of the second part further covenant . . . . . and agree . . . . . to lay a sidewalk of stone,
asphalt or cement, not less than four feet in width, in front of said premises, on the grade to be
established by the party of the first part.

Said part . . . . . of the second part . . . . . hereby given the right to connect with all sewer and
water mains where necessary, the cost of water privileges in connection with the premises to be
paid by the said part . . . . . of the second part.

Upon the expiration of this lease by the lapse of the term of ten years hereby created, in
case no renewal or extension thereof shall be granted, or by the expiration of such extension or
renewal in case an extension or renewal shall be granted by the party of the first part, or her
successors, the party of the first part for herself and her successors in trust, the Board of Trustees
of the Leland Stanford Junior University, covenants and agrees to purchase and pay for the house
and other improvements erected by the part . . . . . of the second part, or . . . . . successors, heirs
or assigns, which shall then remain upon said premises, at a fair valuation (not exceeding the sum of
. . . . . . . . . . Dollars),
to be fixed by arbitration in the usual manner; each of the parties hereto selecting one disinterested
arbitrator and the two so selected to choose a third, if necessary; the written valuation of any two
of the arbitrators to be final and binding upon both parties hereto. If for any reason either
party hereto shall neglect or refuse for twenty days after the termination of this lease to name and
select the appraiser to be appointed by said party, then the other party shall be at liberty to
name and appoint the second of such appraisers also.

Said part . . . . . of the second part hereby covenant . . . . ., promise . . . . . and agree . . . . . that . . . . .
will not sell, assign or transfer this lease or any part or portion of the term hereby created,
or sell, assign or dispose of the improvements that may be erected on said premises, as
security or otherwise, except as herein specified, without first having obtained the consent in writing
of said lessor or her successors, and such consent must be obtaintaed to each subsequent sale, transfer
or assignment.

And said part . . . . . of the second part covenant . . . . ., promise . . . . . and agree . . . . . that . . . . . will
not let or underlet the whole or any part of said premises as a private residence, or for any other
purpose not herein expressly specified, without, in every case, having first obtained the consent in
writing of the party of the first part of her successors.

It is hereby expressly covenanted, agreed, and understood that no malt, spirituous, or
intoxicating liquors of whatever kind shall ever at any time be sold on the demised premises, and
upon a violation of this covenant this lease shall terminate and become void.