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June 23, 1943 ' A regular meeting of' the Executive C'ommittee of P. Lorillard Company was held today at the office of'the Company, 719 West 40th Street, New York City. '1'here were present Messrs.: G. H. Htummel H. A. Kent G.. D. Ahitefield E. S. Bowlinng W. J. Iialley J. S. Freeman F. Hopewell df . T. KeeL T. L. Perkins, Asst. Secretary Mr. hummel, Chairman, presided and the Assistant Secretary acted as Secretary of the meeting. On motion dul,y made and seconded,, the reading of the minutes of the pre- vious meeting was dispensed with. t7n motion of Mr. Bowling„ seconded by Mr. Hopewell, it was unanimously RESOLVED'. That the action of' the~ President and the Treasurer of this Company in renewing , on June 23, 1943.9 , on behalf of ' this ~ Company, the loan made February 23', 1943i, from the, National City Bank' of' New~ Y ork, 55 Wall Street, New York City, in the sum of'une Nillion Dollars (',~1,000,000),and in execixti:ng,and delivering in the name of this Compan3r its promissory note evidencing said debt, bearing date of June 23r 1943y and payable at saidd bank ninety (90) days from said date, with~interest at the rate of 1i%'per annwm from said~ date, be and the same hereby is in all respects approved, ratified;, and' confirmed. On motion of Mr. Keel, seconded by Mr. Freeman, it wa unanimously RESOLQED~: That the action of the President and the:Treasurer of this Company in renewing on June 21, 19,4'3', on behalf of this Compaz~yr,,the loan made March 22, 1943, from the Central'Danover Bank and Trust Company, 70 Broadway,.. New York (%ity,, in the sum of One M'illion Dollars ($1,000,000, and in executing and delivering, in the name of this Company its promissory note evidencing said debt, bearing date:of June 21,191,;3, and pa8rable at said bank ninety-one (91)days from said date„ with interest at the rate of 1;2-% per annum from said diate,, be and! the same hereby is in all respects approved, ratified, and confirmed... On motion of'Mr. Whitefield, seconded'l by Mr. Bowling, it was unanimously RESOLITED!: That the action of the President and the Treasurer of this Company in renewing on June 21, 19L,3~, on behalf of' this: Company, the loans mQde 1Vdarch 22,, 1943 and March 23, 191.3, from the: Guaranty Trust Company, 11,0' Broadway, New York City, in the sum of Two, Nzlllion Dollars ($2,000,000),, and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing, date of June 21, 19~'~1,3, and payable at said bank ninety-one (91) days from.said d'ate, with interest at the rate of. ]:-11%per annum from said date, be and the same hereby is in all respects approved',, ratified, and confirmed. On motion of' Mr. Hopewel]l, seconded by Mr. Fent, it was unanimows;7y RESOLVEDe That the following employments of salesmen, as listed below, 6867625- 2.

?'09 with the author3lzatiori of the Sales Dept. and the approval of' G,D. Whitefield, Executive pice-President, and W.J. Halley, Vice-President, be and the same hereby are in all respects approved, ratified, and confirmed: At the rate of z Effecti've: Sherman EdWard Duggar $25 per week 6/2-1/43 Frank Edward Maher 25 " ^ M Alfred John Prenger 25 n n n Seymour Addison Huntington 30 " n n On motion of' Mr. Hal]ley, secondied' b3n Mr. Hopewell, the following advertisl.ng, expenditure was in all respects approved, ratified, and' confirmed: Estimate #3'-B of' Lennen & Mitchell Inc. dated June 17, 19/,,3 aovering radio~ adaer- ti sing of FRIENDS Tobacco over Station WBEN, Bu,ffalo, N.Y., June 28' through September 25, 1943, at a cost of $1,795. On motion of Mr. Kent,, seconded by Mr. Whitefield, it was unanimously RESOLGfED: That this Company caatribute the sum of $1,,000'to the United Jew3 sh Appeal. chmmot3on diily made and' seconded, the meeting adjourned. Assistant Secretary