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Investor Relations

SEC Filings

GRAHAM HOLDINGS CO filed this Form 8-K on 05/06/1994
Entire Document
<PAGE>   92
         11.     Governing Law.  This Undertaking will be governed by, and
construed and enforced in accordance with, the internal, substantive laws of
the State of Texas, without reference to the conflict of laws principles

         IN WITNESS WHEREOF, the undersigned have executed this Undertaking as 
of the date first set forth above.

                                          /S/ WILLIAM P. HOBBY              
                                         William P. Hobby
                                          /S/ JESSICA HOBBY CATTO           
                                         Jessica Hobby Catto

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