EFTA01926049.pdf

To: jeffrey E.[jeevacationtgmail.com] From: lawrence delson Sent: Tue 5/13/2014 9:57:17 PM Subject: Re: pledged art 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. <jeeyacatton mattcom> To: lawrence delson Sent: Tuesday, May 1 . • Subject: Re: pledged art you arc in charge dictate i agree On Tuc, May 13, 2014 at 12:07 PM, lawrence delson rote: 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 EFTA_R1_00372152 EFTA01926049 Ne (T) (F) 646-810-0217 Cal► 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 [email protected] and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00372153 EFTA01926050