ae a age nt fr e ir @ ¥ i 234 4 PRES . Fas x = £%., $ 4 " . ‘ bs ae ves ord, rn? Rez nin VOD 4gre aoturin xe les co “E . £ > a 4 Cc (Se Vay 66 'g Sex ¥ John Ugden, Dear = ae & U eeci«e duly ge pena. 27, 1925 li. Browning, Utah Ure Browning: 14 just before of royalties vou from Please refer to left Hartford, which in the second paragraph sub-licenses the basis of 55% 45%. on A eareful it is susceptibie of misinterpretation what you and we understand it to mean. and reading because Se take letter it the in duplicate which we believe you will agree the letter of duly 14. The second paragraph of of that does not liberty agreenent refers paragraph clearly signed shows express of enclosing July to division that exactly i a new letter with us should be substituted contains the correction. for The first letter might be construed to mean that the full amount of royalty paid by any sub-licensess was to be divided between your conpany and ours. This fact would be true pertaining to Armetrong-hitworth and Prabrique Uationale but it would not be so im the ease of a sub-license being granted te another country through the efforts of Armstrong or PF. Us, a8, for instance, in the case of Sweden or Uorwaye If these govermnents are licensed to make machine guns or rifles, from the royalty they pay, *. ". or Arnstrong, whichever, nogotisted and concluded the arrangement, would secure their portion of the royalty and thereafter the balance which accordance with the understanding fully understeod the written by you, came of 55% and 45%. but it would be well te us would be devided in I believe this arrangement to have it clearly expressed is in records if you will kindly sign and have witnessed both copies of the letter, you may retain thet copy which we have signed and return the other for our files, at the same time destroying the copy of duly 14 for which this is a substitute. Than'ing Yours very FUN Ft ct COLAt*S you in advanee, and with truly, Te. Sere PATER? S. sce PIRE Use Stone “pesident kind regards,