Document O3Q70yOMN0KgaJDxpbbeR53LQ

November 14, 1961. Carter White Lead Company Liaited, 1295 Deloriraier Avenue, Montreal, p. c. Attention; Mr. J.S, Motiat _Managing t tree tor Gentleman: Confirming discussions, the basis ot remuneration spcliad in paragraph 4 ot my latter of March 29th, will be con sidered to have terminated at August 31st with all fiscal transactions to that data finalised without adjustment. All other arrangements outlined in the letter o Marcti 29th will remain unchanged. effective September 1, 1961, the basis will be adopted of an equal division of the margin between your manufacturing costs applicable to theta product and our sales revenue In any period. The rlgure to be used as a ''cost" tor any stabilizer is to b determined from tiaw to time, and when mutually agreed upon, will be that at which you will invoice us for all shipments, either direct to customers or to ourselves at any warehouse point, during the agreed period. Such shipments shall be F. 0. 8 . your plant, with freight or cartage prepaid for our account. Our selling prices for the stabilizers manufactured by you shall be determined by mutual agreement. At monthly intervals w will report to you our revenue from sales of theaa stabilizers, lass your manufacturing cost for the quantity sold, calculated at the then current F.O.B. plant price. We will remit to you 5OX of the difference. Sales expenses, outside warehousing and all distribution cost are for our account. continued Nk 000041771 page 2. Career Whits Lead Company Limited November 14, 1961. For tha period beginning September 1, 1961, the costa to be used ar* sa follows; Tribes# Tribaaa Dythal g - $16.19 par 100Iba. - $18.4? " - $22.21 " Tha above coats ar# to be continued until December 31, 1961. A revlaw and possible revision is to be made at that time, and, tentatively, at semiannual Interval* thereafter. To render this arrangement retroactive to September let we will purchase from you your consignment inventory on hand at Toronto Warehouee at Auguet 31at, calculated at the above prices. The settlement for the swaths of September end October can then be worked out by our respective accounting departments in accordance with the basic agreement. It the foregoing is In accordance with your own under standing, we would appreciate your so acknowledging it, to complete our mutual records. RJA: m Yours very truly. HI 0000- 7 *'