EFTA01926115

To: lawrence delson From: Jeffrey E. Sent: Tue 5/13/2014 10:07:12 PM Subject: Re: pledged art of course On Tue, May 13, 2014 at 5:57 PM, lawrence delson ote: One point: In order for it to be effective, Ada would need to see draft agreements. I understand that Withers only provides the agreements once they have been finalized. Larry Delson Delson International, Inc. P.O. BOX 3776 New York NY 10163 (T) (F) 646-810-0217 From: jeffrey E. <jeevacation qmail corn> To: lawrence delson Sent: Tuesday, May 13, 2014 12:42 PM Subject: Re: pledged art you arc in charge dictate i agree On Tue, May 13, 2014 at 12:07 PM, lawrence delson wrote: Jeffrey I understand from Rich that he is the point person on art, or at least on art that is on loan to museums. However, Ada should be equally or more involved. Specifically, she should be reviewing the agreements prepared by Withers and comparing them with (bank) loan pledges. In addition, she should be reviewing borrowing institution's insurance. It also appears that some pieces that are on loan are owned by one of the trusts, yet the agreement (and legal bills) are in LDB's name. This should be corrected going forward. Lastly, if one of the borrowed pieces is in fact pledged to the bank, there should be a process in place to notify the bank (assuming the pledge agreement calls for notification). EFTA_R1_00372263 EFTA01926115 I trust I am not over-reaching. Larry Delson Delson International, Inc. P.O. BOX 3776 New York NY 10163 (T) (F) 646-810-0217 Call Send SMS Add to Skype You'll need Skype CreditFree via Skype please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to ieevacation@gmail,com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by EFTA_R1_00372264 EFTA01926116 return e-mail or by e-mail to ice\ [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00372265 EFTA01926117