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Duveen Brothers 720 Fifth Avenue New York

H.C. Frick, Esq. August 2, 1916. underlined in red: Page #3

We are not to be called upon, however, to sell the bonds at less than 95 1/2 and accrued interest.

underlined in red: (b) ATCHINSON COMMON STOCK. You have the right to call upon us from time to time on one day's notice, at any time up to August 1st, 1918, to deliver to you against payment at the rate of one hundred and five ($105.00) dollars per share of $100.00 par value, all or any part of thirty-three thousand eight hundred (33,800) shared. At any time up to August 1st, 1918, you may either take up the above stock at $105.00 for each $100.00 par value, or you may call upon us from time to time to sell the stock for your account, provided that it is possible to realize at least $105.00 per share of $100.00 par value on such sale. The net avails in excess of $105.00 per share of $100.00 par value arising from such sale are to be paid to you. We are not to be called upon, however, to sell the stock at less than $105.00 per share. All interest and dividends are to go with the bonds