Document 9LQwKdn7nRp8wO7d9pX0rORgV

^- Southern States Iron Roofing Company MANUFACTURERS AND DISTRIBUTORS BRANCH WAREHOUSES THROUGHOUT THE SOUTH ocmcral officcs SAVAN NAH.GEORGI A. U.S. A. Mr. Richard S. Reynolds, Jr. President, Reynolds Metals Company Reynolds Metals Building 3rd and Grace Streets Richmond 19, Virginia 24993 Dear Mr. Reynolds: Confirming our conversation over the telephone of Friday, the l6th, it is understood that the option'agreement of June 24, 1949, and the ex tension agreement of December 14, 1949, in respect to the purchase of the common stock of Southern States, is amended aa follows: If, during the period from January 1, 1950, to June 30, 1950, Southern States has purchased from Reynolds at least 10,000,000 i pounds of aluminum and aluminum products (.exclusive of ingot ; end pig), and has, during said period, made Bona fide sales of same, then the exercise of the option hy Reynolds to purchase the common stock of Southern States shall Be mandatory ir respective of the inventories on hand at the Beginning or close of said period. If, during said period, Southern States has purchased 15,000,000 pounds of wluminiim and aluminum products (exclusive of ingot and pig) and has, during said period, made Bona fide sales of same, then Reynolds shall pay an additional sum of $150,175.34, .which shall Be added to the purchase price of Southern Slates stock. Except as herein modified, the agreement of June 24, 1949# amended By the extension agreement of December 14, 1949, shall remain in full force and effect. If the above meets with your approval, will you Be kind enough to sign wnfl return a copy of thiB letter indicating your acceptance thereof. Jours very truly, c JWMcl/cl The foregoing is accepted and approved. REYNO: [. V. MeIntire 1 cecutive Vice President TX GARRETT RMC0002033