Memorandum of a contract made and entered into this Fifteenth day of January, Nineteen Hundred and Fifteen, by and between John Doe and Richard Roe, partners as Doe and Roe, of the first part, and John Smith, of the second part.

Witnesseth, That the said Doe and Roe having entered in the general business of manufacturing and selling candy, agree to keep and employ in said business a sum of money, not less than $1300, and to maintain and carry on their business in the two stores and factory, in the City of Chicago, Illinois, and one store in the City of Dixon, Illinois, and to devote their time, labor, and attention, in good faith, to the conduct and profit of said business.

That they have employed the said John Smith for a period of two years from the First day of January, Nineteen Hundred and Fifteen, as an assistant workman and general superintendent in said business; the said Smith agreeing to devote his entire and exclusive time, labor and skill in the manufacture of home-made candy, and in the general conduct of said business, and for its success, and in consideration of which the said Doe and Roe agree to pay to the said Smith as a salary a sum equal to one-third of the net profits of said business, and further agree that they will pay to the said Smith the sum of $25 weekly, provided he is entitled to that amount under the contract aforesaid, and if not, then such smaller sum as he may be entitled to under said contract.

The parties of the first part also agree to take an account of stock on the 1st day of January and the 1st day of July of each year, and at such times to make to the said Smith full semi-annual payment of his salary, being, as aforesaid, a sum equal to one-third of the net profits having accrued in said business.

Said parties of the first part further agree that the said John Smith shall have access at all times to the books, papers, moneys, etc., pertaining to the business.

It is also agreed between the parties hereto that, in case the said business should become unsuccessful at any time during said term of two years, so as to lead to its discontinuance by the parties of the first part, or in case, from want of success in said business, the party of the second part should become dissatisfied and desire to abandon his said employment; then a settlement shall be made between the said parties at such time, by taking an account of stock, and by the full payment of the salary of the party of the second part, to-wit, a sum equal to one-third of the net profits accrued, which shall also be the manner of settlement at the expiration of this contract, in case it is not terminated prior thereto, as hereinbefore provided.

Provided, however, and it is the meaning of this contract that the said Smith is in no sense a partner in said business; that he is not responsible for any losses that may occur in its management, and has no specific lien for the payment of his salary, or otherwise on the goods and chattels belonging to said Doe and Roe, and used in their said business.

In witness whereof they have subscribed their names on the day and year above written.

JOHN DOE, RICHARD ROE, JOHN SMITH.