Lessees have at the time of delivery hereof deposited with _________ trust company securities approved by trust company, duly assigned to the trust company, having an actual market value, in its opinion, of not less than $_____, which deposit shall be held by trust company as security for the making and completing of the new building within time above limited and as security for full performance of all other covenants, and securities are to be held and disposed of by trust company for such purposes and in the same way that securities deposited under _________ are to be held and disposed of by trust company.

At least 30 days before beginning to tear down and remove building now or at any time hereafter on premises, and at least 30 days before beginning any such remodeling (as the case may be), lessees shall, at their own expense, employ some architect of good standing in the city of _________ satisfactory to lessors, to prepare plans and specifications of the proposed new building or of the repair or reconstruction or remodeling as the case may be, and shall deliver to trust company, having its office in the city of _________ or to such other trust company in the city of _________ as lessors may in writing designate, one set of the plans and specifications (and lessees shall at the same time notify lessors that they have so deposited the plans and specifications) to the end that lessors may be able to see in advance that the plans and specifications comply with and conform to the requirements of this lease concerning new building, repair, reconstruction or remodeling, and lessees shall also at the same time furnish trust company with a sworn statement of architects showing the estimated total aggregate cost of such building, repair, reconstruction or remodeling. And lessees agree that the new building shall be constructed, or such repairs, or reconstruction, or remodeling shall be done, so far as the requirements of this lease are concerned, substantially in accordance with the plans and specifications so furnished, and no contracts shall be let and/or construction work begun in connection with new building, repair, reconstruction or remodeling, as the case may be, until plans and specifications have been approved by lessors. A copy of all plans and specifications shall also be furnished by the lessees to trust company for lessors and may be retained by it.

Such trust company and lessors, or their representatives, agents or employees, shall have the right, without any interference on the part of lessees or any of their representatives, agents or employees, at all times to examine and inspect buildings during construction and immediately on completion, in order that they may be able to see that requirements of this lease are fully complied with, and they shall have at all reasonable times during term of this lease free access to premises and buildings and improvements at any time thereon, for examining or exhibiting the same.

Before tearing down or removing building now on premises, lessees will deposit with trust company cash or first-class securities to be approved by trust company, duly assigned to it, having an actual market value in its opinion, of not less than one-half the estimated cost of proposed new building.

If at any time while securities, or any part thereof, shall remain on deposit with trust company, if in opinion of trust company, securities, or any part thereof, shall be unsuitable for such deposit, lessees will, on notice from trust company, forthwith deposit with trust company other securities approved by it, sufficient in amount to make actual or market value of securities held by trust company and approved by it equal to amount required to be deposited with trust company; and all securities so deposited (or cash, if cash shall and it may be deposited in lieu thereof) with trust company, as aforesaid, shall be held and applied by trust company in trust for following purposes: