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PITN EY- BOWES, INC. <br />STAMFORD, CONNECT[CLIT <br />ORIGINATORS OF THE POSTAGE METER AND METERED <br />p.. <br />MAIL PB WORLD'S LARGEST MANUFACTURERS OF MAILING MACHINES <br />December 15, 1954 <br />TO ALL LESSORS OF POSTAGE METERS <br />AND OTHER PITNEY-BOWES PRODUCTS; <br />Our rental agreements in the past have been on an annual self -renewing <br />basis -- i. e. , unless canceled by 30 days' written notice by either party <br />prior to the end of anyone year period, dating from installation, they were <br />automatically continued for another full year. <br />We do not feel that this type of agreement is appropriate to present day <br />economic practice and climate. Consequently, we are writing all our new <br />agreements with the provision that they may be terminated at any time <br />after the first year by 90 days' written notice by either party. <br />We, of course, hope that there will never be need for either of us to avail <br />ourselves of this provision, and we are of course desirous that it should <br />I <br />e applicable to all old customers as well as new. This notice, therefore, <br />is to so amend your present rental agreement, it remaining the same in all <br />other respects. Unless we hear fromyou to the contrary, we will assume <br />this is acceptable to you. <br />We appreciate your patronage and assure you we will continue to do all in <br />our power to serve you well. <br />H. M. Nordberg <br />Vice President for Sales and Service. <br />