At the year end, the company had no unusual commitments or contractual obligations of any sort which were not in the ordinary course of business and which might have an adverse effect upon the company (e.g., contracts or purchase agreements above market price; repurchase or other agreements not in the ordinary course of business; material commitments; open balances on letters of credit; purchase commitments for inventory quantities in excess of normal requirement or at price in excess of the prevailing market price; losses from fulfillment of, or inability to fulfill, sales commitments, etc.)