Document QY7mjYekMb1BNm4B7qL04D7o

Hoveirier 14, 1961 Career White Lead Company Llaltcd, 1295 Delorimicr Avenue, Montreal, V. Q. Attention: Mr. J.S. Moffat Managing Director Gentlemen: Confirming discussions, the basis of remuneration :! specified In paragraph 4 of my letter of March 29th, will be con sidered to have terminated at August 31st with all fiscal transactions to Chat date finalized without adjustment. All other arrangemento outlined in the letter of March 29tfi willremain unchanged. Effective September 1, 1961, the basis will be adopted of an equal division of the margin between your manufacturing costs applicable to these products and our sales revenue in any period. The figure to be used as a "cost" for any stabilizer is to be determined from time to tine, and when mutually agreed upon, will be thut 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 bo F.O.B. 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 ve will report to you our revenue from sales of these stabilizers, less your manufacturing coot for the quantity sold, calculated at the then current F.O.B. plant price. We will remit to you 50?. of the difference. Sales expenses, outside warehousing and all distribution costs are for our account. .* T continued i i ML 000039*37 N26073 / page 2 Carter White Lead Company limited November 14, 1961 For the period beginning September 1, 1361, the costa to be used'are as follows: i Tribase Tribase E Dytbal - $16.19 r.er 100lbs. - $18.47 " " - $22.21 " " Tbe above costs are to be continued until December 31, 1961. A review end possible revision is to bo made at that time, and, tentatively, at semiannual intervals thereafter. To render this arrangement retroactive to September 1st we will purchase from you your consignment inventory on band at Toronto Warehouse at August 31st, calculated at the eboye prices. Toe settlement for the conth3 of Scpteaicr and Octebcr err. than be worked out by our respective accounting departments in accordance with the basic agrseaant. If the foregoing Is in accordance with your own under* standing, we would appreciate your so acknowledging it, to complete cur mutual records. T Yours very truly. KJA:EU be: Carter White Lead (2) R. J. Allen R. I. Wright NL 000039438