EFTA02479332

From: jeffrey E. <[email protected]> Sent: Monday, November 23, 2015 9:09 PM To: Heather Gray Subject: Re: Bank of America art loan do they have the right to revew leons books and reco=ds ? O= Mon, Nov 23, 2015 at 5:06 PM, Heather Gray < </=pan> wrote: Hi Jeffrey, Ada said you wanted to know whether Bank of America =as the right to inspect the art being used as collateral on the loan. =AO The answer is yes. Pursuant to the Amended and Restated Pledge Agreemen= (which was most recently renewed in May of this year), the bank has the r=ght to inspect the collateral "at any reasonable time and on reaso=able notice and wherever located." In addition, we are required to provide the bank annually with an appraisal of the art,=but the bank can also obtain its own appraisal "at any other times=as desired by the bank." Please let me know if you have any questions.=u> Best, Heather Heather Gray Elysium Management LLC 445 Park Avenue Suite 1401 New York, NY 10022 EFTA_R1_01594931 EFTA02479332 please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01594932 EFTA02479333