This Indenture made this 11th day of December, A. D. 1899, by
and between Edgar S. Paxson of the city of Butte in the State of Montana,
party of the first part, and William S. Brackett of the city of Peoria in
the State of Illinois, party of the second part, Witnesseth:-

That said party of the first part has granted, demised, leased
and delivered, and by these presents does grant, demise, lease and deliv-
er unto the said party of the second part, that certain large historical
oil painting or picture on canvas known as Custer's Last Battle on the
Little Big Horn of June 25th, A. D. 1876, designed and painted in oil
colors by said party of the first part, and now in said city of Butte;

To have and to hold unto said party of the second part, and to
his heirs, executors and administrators, for the term of one (1) year
from the first day of January, A. D. 1900; with a privilege or option
hereby also granted to said party of the second part by said party of the
first part, to have a further extension of this lease, as hereinafter
mentioned.

And said party of the second part hereby agrees to pay to said
party of the first part, and to his heirs, executors and administrators,
the following rent for said historical painting or picture, in lawful
money of the United States, to-wit: Twenty-five (25) Dollars per
month for the first four (4) months of said term; thirty (30) dollars
per month for the second four (4) months of said term; and thirty-five
(35) dollars per month for the remaining four (4) months of said term.
And said party of the second part hereby agrees to pay the sum of Two Hun-
dred and fifty (250) dollars cash in advance, on account of said rent, to
said party of the second part, to be credited on account of said rent
hereafter to accrue, as above stipulated.

And it is hereby further covenanted and agreed by and between
the parties hereto, as follows, to-wit:

1. The said historical picture is to be exhibited by said party

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of the second part, at his own sole cost, charge and expense, in public in
North America, or Europe, or in both said countries, in such cities, and
at such times as the said party of the second part may deem expedient.

2. The said party of the second part will, at his own cost and expense, cause said historical painting to be insured against loss by fire, during the time of this lease, and during the time of the extension thereof, in the sum of ______ dollars, with loss, if any, payable to said party of the first part.

3. The said party of the second part agrees to keep and preserve said historical picture, at all times, with the same good care that artists, dealers in, and exhibitors of, valuable oil paintings are accustomed to use and exercise in the care and preservation of such works of art.

4. The said party of the second part agrees to keep, at all times that said historical painting is on exhibition, a careful man to sleep in the same room at night near said painting, so that in case of fire, or other accident, the said painting may be preserved.

5. The said party of the second part also agrees to provide (whenever possible to do so) an ante-room or parlor, to be free and open to the public, and which shall lead to the main room or parlor where said large historical painting is exhibited. In such ante-room or parlor, there shall be exhibited other paintings and pictures, Indian curiosities and relics, and relics and articles illustrative of Custer's Last Battle, and other articles, to make the same as attractive to the public as possible.

In the main exhibition room, there shall be exhibited no other painting or picture, except said historical painting of Custer's Last Battle. Such ante-room shall also be used during this lease and during the extension thereof, as a permanent exhibition room for the smaller paintings and pictures designed and made by Edgar S. Paxson from time to time, for sale. The said party of the second part will sell said pictures for said Paxson from time to time, as far as he is able to do so, at prices to be fixed by said Paxson, without charging any commission for

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such sales, and deducting only the expenses of transportation and other
necessary expenses, if any. The monies realized from such sales to be
remitted to said Paxson, from time to time as sales are made, by the
said party of the second part.

6. The said party of the second part may, at his option, have an extension of this lease of said historical painting of Custer's Last Battle, for a further term of XXXM two (2) or more years, the length of time of such extension to be specified by said party of the second part at the time such option for an extension of this lease is exercised. Such option for an extension of this lease shall be exercised, on or before the first day of January, A. D. 1901, by letter addressed and mailed to said party of the first part, or to his legal representatives, at the city of Butte in the State of Montana.

Provided, nevertheless, that the rental of said historical
painting under such extension of this lease, shall be the sum of fifty
(50) dollars per month for the period of such extended lease. Such ex-
tended lease shall have the same special covenants and conditions as are
herein contained.

7. In case of a contract for sale of said historical picture
during this lease, or during the extension thereof, made by said Paxson
or by said Brackett as his agent, the purchaser shall make such settle-
ment financial and otherwise with said Brackett as may be deemed equit-
able by said Brackett, and said historical picture shall then be deliv-
ered back to said Paxson or said purchaser one year thereafter.

8. The party of the second part shall have the right and option
in case the public exhibition of said historical painting shall not turn

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out to be profitable to him, to return and deliver back said historical
painting to said party of the first part, on the 1st day of January A. D
1901, or at the end of any one year thereafter under said extended lease
in case said lease shall be extended as above mentioned.

9. At the end of this lease or at the end of said extension there of, said party of the second part shall deliver up and return said historical painting to said party of the first part, in good order and condition and framed, loss or damage by fire, unavoidable accident, and the acts of God, and the public enemy, excepted.

10. This lease, and all the covenants and agreements therein contained, shall apply to, and be binding upon the heirs, executors and administrators of the parties hereto, respectively.

Witness the hands and seals of the parties hereto, in duplicate, in the city of Butte, Montana, aforesaid, the day and year first herein written.

Signed, sealed and delivered
in the presence of