November J. M « & M. S. Ogde n, Utah Browning 30, 1950 Company Gentlemen: We have on order with you the following quantities of business in addition to whatever carry-over there may 35,900 £5,000 3,150 have made guns for 1951 be from this year: 5~Shot Browning Automatic Shotguns 2-Shot Browning Automatic Shotguns Browning Superposed Shotguns advances against this order guns: Ey which cover the following quantity S 25,900 2,000 I-~Shot Browning Automatic Shotguns Browning Superposed Shotguns accordance with an payment advance our 10,000 L150 £5,900 This [It advance is the we following enclose our check for $332,500 guns; \-Shot Browning Automatic Shotguns Browning Superposed Shotguns 2-Shot Browning Automatic Shotguns represents understood understanding, on that, approximately as usual, all 20 per excise cent of our taxes and duties cost of these will be guns, paid by you. As you deliver the guns to us free from encumbrances and in good marketable condition acceptable to us, we will accept for immediate payment your invoice on each such delivery which shall show the total cost of the guns delivered less the properly allocable portion of the advance, Conversely, failure on your part to deliver the guns will necessitate your return of this advance payment to us, Will you please make acknowledgement of this letter returning one copy to Yours and acceptance by signing both copies us and retaining the other copy. very BROWNING M. Vice ACCEPTED Val Je A. M. BY: Browning, & Me S. President Browning Company A. truly, ARMS Browning President COMPANY