EFTA01925902.pdf

To: [email protected][[email protected]] From: lawrence delson Sent: Tue 5/13/2014 4:07:57 PM Subject: pledged art 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). I trust I am not over-reaching. Larry Delson Delson International, Inc. P.O. BOX 3776 Ne (T) (F) 646-810-0217 Call Send SMS Add to Skype You'll need Skype CreditFree via Skype EFTA_R1_00371909 EFTA01925902