Concerning agreement between William of Preston and friars of Ayr over tenement granted to Preston and payment of annual rent to the friary of St Katherine. Preston has paid 34 s to friars at the time of the friars' granting of the charter. Details of what will happen in case of default.

{. . .} and for sax schilling acht pennys yeirly to be paid in annuell rent to the said place of Sanct Katrinis {. . .}