Item, In consideration of the said work and workmanship to be done and performed as aforesaid, the said President and Scholars, for them and their successors, do covenant and grant to and with the said Renatus Harris, his executors, administrators and assigns, by these presents, that the said President and Scholars, or their successors or assigns, shall or will pay or cause to be paid to the said Renatus Harris, his executors or assigns, the sum of One Hundred and Fifty Pounds of lawful money of England, as followeth, viz., ten pounds at or before the sealing hereof, forty pounds on the Feast of the Nativity of Christ next ensuing, and one hundred pounds, being the remainder thereof, on the Feast of St. John Baptist, which shall be in the year of our Lord God 1691. For witness thereof, to the one part of these presents the said President and Scholars have put their common seal, and to the other part thereof the said Renatus Harris hath set his hand and seal, the day and year above written.