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PLAINTIFF'S EXHIBIT MINUTES OF MEETING OF THE FINANCE COMMITTEE OF THE UNITED STATES GYPSUM COMPANY, HELD AT THE OFFICE OF THE COMPANY, 300 WEST ADAMS STREET, CHICAGO, ILLINOIS, ON TUESDAY, DECEMBER 24, 1935, AT 12:30 O'CLOCK P.M. The meeting was called to order by Mr. Solomon A. Smith, Chairman, and Mr. C. H. Shaver acted as secretary. A ROLL CALL showed the following members PRESENT: Solomon A. Smith S. L. Avery J. W. Fowler 0. M. Knode C. H. Shaver ABSENT: W. A. Avery Geo. R. King Upon motion duly made, seconded and unanimously car ried, the following resolution was adopted: WHEREAS, this Company has heretofore entered into an agreement with the National Asbestos Mfg. Co., a New Jersey corporation, providing for the purchase by this Company of the business and assets of said National Asbestos Mfg. Co. subject to the fulfillment of cer tain conditions by the latter Company; and WHEREAS, by resolution duly adopted by the Board of Commissioners of the City of Jersey City, New Jersey, at a regular meeting of - said Board held the 3rd day of December, 1935, the said Board approved the making of a lease from said City to this Company of the premises in Jersey City, New Jersey, now occupied by said National Asbestos Mfg. Co. CS003 2258 under two certain leases from said City to said National Asbestos Mfg. Co.; the lease from said City to this Company to run for a period of fifty (50) years from said 3rd day of December, 1935, and to become effec tive when this Company should at any time before March 1, 1936, purchase said business and assets of the National Asbestos Mfg. Co. and take possession of said premises and surrender, or cause to be surrendered, to said City the two said leases under which said National Asbestos Mfg. Co. is now oc cupying said premises; and WHEREAS, the Executive Committee of the Board of Directors of this Company at a meeting this day held has recommended that said lease be entered into; and WHEREAS, this Finance Committee of said Board of Directors deems it desirable and for the best interests of the United States Gypsum Company that said lease be entered into, sub ject to the fulfillment of the said conditions upon which it shall become effective, as set forth in said lease; NOW, THEREFORE, BE IT RESOLVED: That said lease as approved by said Board of Commission ers and subject to the fulfillment of the said conditions upon which it shall become effective as therein set forth, be entered into by this Company, and that the proper of ficers of this Company be and they are hereby authorized and directed to execute and de liver said lease in the name and on behalf of the United States Gypsum Company. There being no further business, upon motion duly made, seconded and unanimously carried, the meeting adjourned. AGRP rooc;n A -A A. Chairman Secretary Approved by the Committee: March 3, 1936 Approved by the Board of Directors: March 4, 1936 CS003 2260