Document wQ7jG9kp2MrzwRrXmQn9dqxJ

v3 November 14, 1961. Carter White Leah Company Limited, 1295 Delorimier Avenue, Montreal, P. c. Attention; Mr. J.S, Mottat _Managing t lrec cor Gent leman; Confirming discussions, the basis ot remuneration specified in paragraph 4 ot my let tar of March 29th, will be con sidered to have terminated at August 31st with all fiscal transactions to that data finalized without adjustment. All other arrangements outlined in the letter of Marco 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 these product and our sales revenue in any period. The cigure 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.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 w will report to you our revenue from sales of thasa 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 Nt 000041771 Carter White Lead Company Liaifced Itovetaber 14, 1961. For tbs period beginning September 1, 1961, the cotta to be usad art as follow; Tribase - $16.19 per 100 lbs. Tribese g - $18.47 " " Dythel - $22.21 " " The above costs are to be continued until December 31, 1961. A review and possible revision is to be made at that time, and, tentatively, at semiannual intervals thereafter. To render this arrangement retroactive to September 1st wa will purchase from you your consignment inventory on hand at Toronto Warehouse at August 31t, calculated at the abova prices. The settlement for the months 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. . Yours very truly, RJA:2W Mi 000041T/2