LAW OFFICE CHA PIN& BEA Third National Bank Bldg. Springfield, I Mass. April Remington Arms Co., 25) Broadway, New York, Ne Ye 13, i3ey¥. Ine, / Attention of Mr. dsBe Smiley, Pres. Dear Mr. Smiley: basis Mr. of Pedersen has given very careful consideration to settlement proposed by you in our conferences on ie EA Friday. €7 1: Sx Vn the > pe fx ¥ LB5Bth. fhe Royalty will be fhe royalty a 5 and of Pe on tt +. 4 wishes 50¢ abe me to pry the ee py state: 20 for the per gun 12 gauge, Model Model gauge 17, acceptable. for the gun and iit this Pedersen's model le gauge gun the voyalty 17, should be 25¢ per is made in accordance with therefor should be 50¢ per june No settlement will be satisfactory to Pedersen whieh does not provide for a cash payment in settlement for past in+fringement, in addition to the foregoing royalties. This cash payment should be $15,000. The reasonableness such & payment ig borne cut by the Fans spent roug ghly five years of his tim e in invention, the last three of which were tirely tion of by this to putting the Reming ston work, the tested a full size direction, and the complete set the of same into working company working for practical produce _As showing the completion Company built and successfully Company « Reming ton shape of that Pedersen” developing this devoted almost en of the gun t model has at its Ilion detail drawings under Pedersen's factory the suitable for going Nothing has ever into preauction thereof at any time. been paid to Pedersen, either as salary or otherwise, for this work, nor even for his expenses incurred therein, nor for the expenses of getting out his patent, which were quite heavy. In the event of an agreement being arrived at on the above terms, Pederson will, of eourse, grant an exclusive license to the Remington Company in the "form heretofore followed in his existing contracts with the company. ~ :