Document r62r9V83GZV93M8mwz7Mrw1pr

T 'l 29-51 `EAST SIXTH STREET. PATERSON, NEW JERSEY 07509 PHONE: (201) 271-3100 TWX NO. 710 983-5934 January 7, 1972 N.S. Bergen ante Company Box 14617 . Louis, Missouri 63178 I Dear Mr. Bergen ' enclosed is the undertaking you requested in connection j with our purchase of PCB. As previously discussed, we ! are executing the undertaking in our own name and are ! excepting any liability arising from failure of the ; product to conform to specifications. This undertaking will be covered by a blanket liability policy with the Travelers Insurance Company having limits of 10 million dollars. As of December 31, 1970, Universal's consolidated net worth was 16.8 million and its current ratio was 1.7 to 1. Very truly yours UNIVERSAL MANUFACTURING CORPORATION j PIIE/paz Paul K. Emhorn President DSW 283403 STLCOPCB4064819