eliminary review There are in effect two real property transfers. The transfer of the LLC interest (holding real property interest X) from trust to LDB/DRB and the transfer of real property Y from LDB/DRB to LLC. If the trust retains control of SHM Meadow, it would seem that there would not be a transfe

P IV. Use ot Art, Other Tangible Property and Real Estate. A. By Partners and beneficiaries of Partners (e.g., DRB) subject to use agreement; if LDB/DRB use property while both are living and married, no rent; otherwise rent will be required B. For exhibition loans to enhance value as determined by

nted to the Partnership. EFTA00583213 2 IV. Use of Art. A. By partners and beneficiaries of partners (e.g., DRB) subject to use agreement; if LDB/DRB use property while both are living and married, no rent; otherwise rent will be required. B. By others, for fair market rent as determined by the

ffectively centralize taxing authority notifications to come through 760 Park and FO, please `uneheck" 3nd part designee boxes on children's, trust, LDB/DRB, et all income/ use tax returns. Thanks Richard Josli► CFO Elysium Management LLC EFTA_R1_00487180 EFTA01979511 445 Park Ave Ste. 1901 New