OF COL ets 74 Le eT ge a SeATS ta » COUN. The ie ae Oeden, & ne Se Drowning COs, Weane Gent Lemens Referring Je Me give & We Se license to the various Browning Company, under certain agreements under Lotters between this which the Colt's Patent tc make use Company and the Company has and Automat ie sell the exclue ‘mchine Gunes and Autemmtic Machine Rifles, and whereas a number of requests have been received by the Colt's Compeny from the U,ited States Goverment, eortain fereign covermmentsa and foreign manufacturers ’ asking privilege of manufacture of said Automatic Maciine Guns and Abc matie “Machine Rifles, we rospectfully suggest, in order that our filesmay be complete, that our verbal und: retand ing regarding royalty — Yr any, under such possible arrangements, be stated. It is understood that, in the event any licenses shall >« granted to the nited States Goverment, any foreign governments or foreign mnufacte urers, tho royalty acerunis thereunder, insot ar ae it my be necessary to ‘depart from present Che Poyalty greements, shall accrue echedules as oota' »1ished equ.lly te the J, i, & in existing I, 5« Browning Company and the Colt'g Company, exeepting any as may portain to the ealiber .37 nfm fatoratic ues ee, to this Gun, which are now defined in mmemorandum of agreement of 192384 lay wo letter. have A duplicate your acceptance is supplied of thie understanding for your Piles. Very truly yours, COLT*S ACCEPTED + tho J, We & Me by Je Ue SeBepowning Brownings Co., by signature