Law Offices CHAPIN of & NEAL 1tGional Bank opringfield, Building Mass. August Mr. 345, smiley, Remington Arms Co. Bo BEORIWST New York, Ne Ys Dear Me. 1927 to y Our LnGe, Smiley: ave Re; Settlement on been careful giving proposition for ference Wednesday, your 4, on settlement os proposition 1s is as per gum consideration Mr. Pedersen 27, 1927. Our made in our understanding conof follows: will on pay secersen a royalty all the written ame royalty gause Patent with July Remington 12 very Pedersen aa ties ’ or of 50¢ i to be any (oases oL, 1927), paid this on both the gauge, cauge made under other 26 the pats Nis Remington will pay Pedersen el0, 000 eash on the date of agreement, tion ~0,000 date, and execution paid As is the I Remington the explained, unéer tainty has Pedersen date, making our of one more year two from getting any in execu-~ of $20,000 to be from accepting this a total difficulty the years royalties. minimum as more $5,000 in advance royalties execution of the royalty on the 12 the proposition gauge model. not decided on making a bottom ejection sun under patent in 12 gauge; and eventually it should to very gun in 12 In other the if decide not to do so, Pedersen's royalties would little per year. If Remington should out gauge, the royalties earned would put be worth amount this while. words,