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46 OEIGINAL PETITION, EXHIBIT 2.
that the said Edison Licensees are wiUing to suspend the operation of the said Ucenses; and
(3) Whereas, the Edison Company represents that it has heretofore entered into two agreements in writing, dated May 20, 1908, with the Eastman Kodak Company, a corporation of New York (hereinafter referred to as the ^'Eastman Company"), granting the right to the said Eastman Company to supply ^'Ucensed film'^ to the Edison Licensees, and that the Eastman Company is wilhng to terminate the said agreements; and
(4) Whereas, the Patents Company represents that it has an authorized capitaUzation of one hundred thousand dollars ($100,000), of which twenty (20) shares of a par value of $2,000 are outstanding, and whereas, the Edison Company desires to acquire fifty thousand dollars ($50,000) of the capital stock of the Patents Company, and is willing to assign to the Patents Company all of its right, title, and interest in and to the said reissued United States letters patent and is willing to suspend the operation of the said licenses granted thereunder, and to terminate the said agreements with the Eastman Company, in consideration of the payment to the Edison Company of forty-nine thousand dollars ($49,000) of the capital stock of the Patents Company, and one thousand dollars ($1,000) in cash, provided that for the said one thousand dollars in cash, the Patents Company shall have assigned to the Edison Company ten (10) shares of the said capital stock at a par value of one thousand dollars ($1,000) ; and
(5) Whereas, the board of directors of the Patents Company has ascertained, adjudged, and declared that the said right, title, and interest in the said reissued letters patent free from the operation of the said licenses and agreements, are of the fair value of fifty thousand dollars ($50,000) and that the acquisition thereof is necessary for the business of the Patents Company and to carry out its contemplated objects; and
(6) Whereas, the Patents Company represents that it has acquired or will acquire from the Vitagraph Company of America, of New York, all the right, title, and interest in and