The Fellowship to be founded was the subject of a quadripartite indenture between:
1) The Master and Fellows
2) The Master and Brethern of the House or Hospital of St. Thomas the Martyr of Acon in Westcheap, London
3) John Mylbourne, alderman and draper of London, and his wife Joan
4) The Master and Wardens of the Fellowship or Mystery of the Drapers of the City of London
The indenture provided for money to purchase land, from which to endow a Fellowship.