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Form 3270 <br /> <br /> Page 2 <br /> <br />b. Olher malarial liabililies or gain or loss contingencies that are required Io be accrued or <br /> disclosed by Stalement of Financial Accounting Slandards No. 5, except as follows: /' <br /> <br /> None <br /> <br />All unasseded claims or assessments that legal counsel has advised us are probable'of assedion <br />and must be disclosed in accordance with Statement of Financial Accounting Standards No. 5 <br />have been disctosed. <br /> <br />There are no transactions lhat have not been properly recorded in the accounting records underly- <br />ing the financial slatements. <br /> <br /> I <br />'1 <br /> I <br /> I <br /> I <br /> I <br /> <br />11. <br /> <br />12. <br /> <br />13. <br /> <br />14. <br /> <br />Provision has been made to reduce excess or obsolete inventories to their estimaled net realiz- <br />able value. <br /> <br />The Company has satisfactory title to all owned assets, and there are no liens or encumbrances <br />on such assets nor has any asset been pledged, except as follows: <br /> <br />None <br /> <br />Provision has been made for any loss to be sustained in the fulfillment of, or from inability to fulfill, <br />any sales commitments. <br /> <br />Provision has been made for any loss to be sustained as a result of purchase commitments for <br />inventory quantities in excess of normal requirements or at pdces in excess of the prevailing <br />market pdces. <br /> <br />The Company has complied with all aspects of contractual agreements that would have an effect <br />on the financial slatements in the event of noncompliance. <br /> <br />No events have occurred subsequent to the balance sheet date that would require adjustment to, <br />or disclosure in, the financial statements, except as follows: <br /> <br />I <br />i <br />I <br />I <br /> <br />J/~/' /'-(Signature and Ti~e)' - / <br /> <br /> <br />