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* SK Lk 2: seks ‘Pe a a oe babe, + NY 6-2507 Pethlehem Shipyards, New York City when he received a telephone call at Bethlehem Shipyards one day from BERENSON inquiring if he, STORAN, would like to become a director in USPC. STOREN stuted he told BERENSON he would very much like to become a director of the company md felt it was quite a compliment. -" et t ‘ tn teil a ie hesall ay: on ee : TOY On further oucestioning STOREN reluted thut he felt BERENSON offered him a directorship in the company because he, STOTEN, had been successful in getting the first tanker ready for service in a short period of approximately three weeks! time and because RERENSON desired to tie him, STOREN, - STOREN advised that about two days after receiving the above telephone call he went to ONaSSIS!' office, 52 Broadway, New York City to thank BuRENSON for making him a’ director of USPC, having first attempted to see BERENSON at his own office. He stuted that on contucting BERENSON on this occasion BunENSOH offerod to sell nin &> shares of USPC g/ stock for ania, STORN said he was also very happy 5) about this and immediutely agreed to accept the stock at the - agreed price inasmuch as he ; STOREN, felt the stock was worth - more than per share, Ho said he felt that this gesture on the part of .BaRENSO! was another way of expressing his appreciution for the job he had done on the first tanker and also was a manner of tying him to USPC for future services. In fact, he stuted he felt BEReNSON was more or less giving the stcck to him as it was his impression the shures of stock would represent approximately 14 interest in seven T-2 tankers, STOREN wus definite that the | price was sot —-" Dy BsRENSON and advised he paid for the stock by his own personal check peyuble to RsRENSON, which check was drawn on vither the Pucific Nationa] Bank, San Francisco, California, or the Chase National Runk, New York City. STOREN stated that he could produce tha cuncolled chock in the event it becomes 1 at a lator date. He stated that ho did not know who previously owned the GRR suures of stock which he purchused but that he presumd RERENSOW owned thom as the check in payment of the stock was made payable to BeRBENSON pcrsonally. ep eye ee Closely to SPC for future consulting and supervisory services, a 2