art,

_Witnesseth_, that whereas, Letters Patent of the United
States, No. 000,000, were, on the first day of January,
1901, granted to the said party of the first part, for
improvements in Coin-Controlled Machines, and whereas said
party of the second part is desirous of manufacturing and
selling said patented article: Now, therefore, the parties
hereto have agreed as follows:

I. The party of the first part gives to the party of the
second part the exclusive right to manufacture and sell the
said patented improvements, to the end of the term of said
patent, subject to the conditions hereinafter named.

II. The party of the second part agrees to make full and
true returns, on the first days of January and July in each
year, of all machines manufactured and sold by them
containing the said patented improvements in the six
calendar months next preceding the date of any such notice;
and if the party of the first part shall not be satisfied in
any respect with any such return, then shall the party of
the first part have the right, either by himself or by his
attorney, to examine any and all books of account of said
party of the second part concerning any items, charges,
memoranda, or information relating to the manufacture or
sale of said patented Coin-Controlled Machines; and upon
request made, said party of the second part shall produce
all such books for said examination.

III. The party of the second part agrees to pay the party of
the first part five dollars as a license fee upon every one
of the said patented Coin-Controlled Machines manufactured
by them, the whole of said license fee for each term of six
months to be due and payable on the days hereinabove
provided for semi-annual returns; provided, that if said fee
be paid upon the days herein provided, or within fifteen
days thereafter, a discount of fifty per cent, shall be made
from said fee for prompt payment.

IV. The party of the second part agrees to pay the party of
the first part at least two thousand dollars, less discount,
as said license fee upon each of the semi-annual terms, even
though they should not make enough of said patented machines
to amount to that sum at the regular royalty of five dollars
each.

V. The party of the second part shall cast, or otherwise
permanently place, upon every such machine made under this
license the word "Doe," and in clos