Document dDnBgdLKMBbVjwpdJ479w8VxR

Sr) KEUORANDUU OF AGRErMFNT November 20, 1936 TUE UNDERSIGNED hereby agree to underwrite certain experiments with asbestos dust to be conducted by Dr. LeRoy tJ. Gardner at the Saranac Laboratory, Saranac Lake, New Tork. The general nature of these experiments and the cost thereof were explained at the neeting of certain brake lining manufacturers held in^New York City on November 19, 1936. <r The purpose of this memorandum is to confirm the agreement between the Undersigned to'underwrite the cost of these experiments amounting to C5,000 per year for a period of three (3) years, or a total of *15,000. The Undersigned agree to share equally the costs of said experiments. For example, if ten parties sign this Agreement, the annual contribution of each will be C500. It may be more or less, depending on whether the number of those signing is more or less than ten. It Is understaod that payments to Dr. Gardner will, for the sake of convenience, be made directly by Johns-"anville Corporation or by Raybestos-Manhattan, Incorporated, and that the others of the Undersigned will reimburse Johns-Jdanville o u 818 A 7h $2 SPNY 00045B