BROWNING,- Ss TO Mr, IS inst, OF OF OUR LETTER TRANSLAT@HY June 19, [929,- Browning, SEMI-AUTOMATIC RIMPLE,- You will certainly have noticed that the info: rmationssent to us dated May T4tM J92907,are quite in reply to our cable by the Colts C°, of us, henceforth & with a thorough knowledge insufficient to enaple as to the semi-automatic agreement a definitive to conclude the case, rifle of the invention of your Uncle, Mr, Edmund Browning, for ourselves, from now on, reserve, As we are moreover anxious to you to proposing are we concerning this rifle, manufa ot uring rights proceed by way of option as follows: frrm 2& from in the name of Mr, Ed, Browning, us, grant T,- You would is to say that of twelve months, an irrevocable option this very tin available till May 31st 1930, concerning the granting of an exclusive and the Bate for the manufacture (see conditions hereafter) license semi-automatic fie of Asia, of Russia & Asia, of Turkey Europe, in whole Browning Rifle,- For paying this option, we would take for us penses relative to the depositing of the patents in the diff ‘ere ties referred to in said option, & pay the annuities that could oc the n of our option,- If, moreover, during the continuance maturity Sager We ea are communicated to us, and that the general conjuncti be favourable, we would eventually undertake the making of a He fie Geleh in the name of between yourself, ccur II,- The license agreemen up the option break should we ase ir us, and Mr. Edm, Browning, bases: following the 1 conclude | woke granted to us, a2) in Rifle Browning Turkey Europe, whole sell and manufacture to rights exclusive get would FN, Automatic of & Asia Semi- said Russia of Agia,- b) The patents would be oc) The would royalty be of: to paid during be the paid and to nothing after rifles sh sion to tive to ing. this inventer period These selling the the several royalties price, iate intermed it " cred years, ™, that in the rifle mar etured, + 2 ‘ of the forowin of e IO0%foll g thre would be estimated to say, after is agent, per t he twenty) ver howethe ltie roya syfact ofd 8%be fon , sandwoul ured manu manufac ture = % net the validity of during a period of belgian patents: conti ofdthe an case of according deduction portion payments thou firstsand s sanc thou of being of the to the the commis- price, distributed rela- dur-