EFTA Document EFTA01852603

To: Jeffrey EMeevacation@gmaitcomi From: Richard Joslin Sent Wed 7/30/2014 12:18:07 PM Subject: FW: Exhibition Loan Agreements Her sniping needs to end From: Richard Joslin Sent: Wednesday, July 30, 2014 8:18 AM To: Ada Clapp Cc: Eileen Alexanderson; Lawrence Delson Subject: RE: Exhibition Loan Agreements Putting identifying code for each work on the third party list is essential for the accounting group as part of inventory recordlcceping and tracking. I will explain to Heather once whe arrives. I spoke about this with Withers a few months back and gave them our identifiers so that they could incorporate into their list of loans that they maintain and circulate. From: Ada Clapp Sent: Wednesday, July 30, 2014 8:05 AM To: Richard Joslin Cc: Eileen Alexanderson; Lawrence Delson Subject: Re: Exhibition Loan Agreements Thanks Rich. Regarding the identifier number, we may want to wait for Heather to gets here and let her instruct Withers as I don't know if she will be using that approach. Please copy me on your emails to Withers if you decide not to wait. Thanks. EFTA_R1_00247642 EFTA01852603 Sent from my iPad On Jul 29, 2014, at 6:16 PM, "Richard Joslin" rote: The inventory file has Bathers, Après le bain (Leaving the Bath) (Seated Bather) as the same work — confirmed with D Howard. Note the inventory has a institutional loan tab that shows ownership of each loaned work and whether pledged as collateral I will ask Jessica Kaplan to add our inventory ID to the roster for the recent loan works Artist IDENTIFIER Item Description MATISSE, 3XJH2 Femme se reposant HENRI MATISSE, 6BT8T Femme assise en blouse HENRI MATISSE, 3Z3DP Marocaine en jaune HENRI BECKMANN, 3Z3CV Tânzerin mit Tamburin (Dancer with MAX tambourine) Matisse, Femme se reposant Matisse. Femme assise en blouse roumaine motifs de broderie Matisse, Marocaine en jaune (Zorah en jaune) EFTA_R1_00247643 EFTA01852604 Max Beckmann, Dancer with Tambourine From: Ada Clapp Sent: Tuesday, July 29, 2014 5:31 PM To: Eileen Alexanderson; Richard Joslin; Lawrence Delson Subject: FW: Exhibition Loan Agreements FYI From: Ada Clapp Sent: Tuesday, July 29, 2014 5:27 PM To: Wierbicki, Diana Subject: Exhibition Loan Agreements Hi Diana, Thank you for sending me the updated Exhibition Loan Agreement chart. I have one question regarding item 11 on your list. Is this work of art by Manet that you have entitled "Bathers" also known as "Apres le Bain" or "Sealed Bather"? Please note that works of art formerly owned by the Black Family 1997 Trust are now owned by the APO Declaration. In addition, in July of 2012, Leon contributed many works of art to an entity called Narrows Holdings LLC. I revised your chart (attached) to include the correct Lender name in each case. For those agreements that are not yet executed, please revise them to reflect the correct Lender. I also revised your chart to complete the column asking whether or not the works are pledged against bank loans. We will notify the bank in this regard and I will let you know if anything is EFTA_R1_00247644 EFTA01852605 required on your end. My understanding is that the bank will have their attorney prepare a Bailee Agreement for the borrowing institution to sign. Do you wish to look at the document and forward it to the attorney for the borrowing institution? Or shall we simply put the bank's attorney in touch with the borrowing institution? Thank you! Best regards, Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: Email: This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you. EFTA_R1_00247645 EFTA01852606