Third, That in His Majesty’s dockyards and Arsenals shall be made or furnished all such articles as may be required, which are applicable to this purpose.
Fourth, If any circumstance should arise to prevent government carrying this plan into execution then the parties are each to name two commissioners for the purpose of examining the principles; and trying such experiments as they may think proper, And if it should appear to the Majority of the Members that the plan is practicable and offers a more effectual mode of destroying the enemies fleet at Boulogne, Brest, or elsewhere, than any now in practice and with less risk, then government is to pay the said Robert Fulton the sum of Forty Thousand Pounds as a compensation for demonstrating the principles, and making over the entire possession of his submarine Mode of Attack.
Fifth, When the Said Robert Fulton has destroyed by his submarine carcasses or Bombs one of the enemies deck’d Vessels, then Government is to pay him the sum of Forty Thousand pounds, provided commissioners appointed As in the previous article shall be of opinion that the same Scheme can be practically applied to the destruction of the enemies fleets,
Sixth, If the Arbitrators differ in opinion then they are to draw lots for the choice of an Umpire and the Majority of Voices to decide all points of reference within the construction of this agreement and that decision to be final
Seventh, One half the supposed Value of all Vessels destroyed by Mr. Fulton’s Submarine Mode of attack to be paid him by government as long as he superintends the execution of his plan; but when government has no further occasion for his service; or that he wishes to retire, then he is only to be paid one quarter of the supposed value of such vessels as may be destroyed by his scheme, and this remuneration to continue for the space of fourteen years from the date thereof
Eighth, In case the Vessels destroyed by this scheme should exceed in amount Forty thousand pounds, then the Forty Thousand pounds first stipulated to be paid, shall be considered as part payment of the whole sum which may become due to the said Robert Fulton,
Ninth, If in the course of practice any improvemt Should be Suggested that can only be esteemed as a collateral Aid to the general principles of Mr. Fulton’s mode of attack, then such improvements are not to deminish or set aside his claims on government,
Tenth, All monies which may become due to Mr. Fulton to be paid within six months from the time when they Shall be so adjudged according to the tenor of this agreement,
Eleventh, This agreement to be considered by both parties as a liberal covenant with a View to protect the Rights of the individual, and to prevent any improper advantages being taken of his Majesty’s Government.
Mr. Fulton having deposited the drawings and plans of his submarine scheme of attack; in the hands of a confidential friend with the View to their being delivered to the American government in case of his death, does hereby bind himself to withdraw all such plans and drawings and not devulge them or any part of his principles to any person whatever for the space of fourteen years; which is the term during which he is to derive all the advantages of their operation from the British Government,