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<br />Sent: F;Liday, February 08, 2008 8:40 AM <br />To: Lamar, Mario; Dr. Cornfeld; Hans Ottinot <br />Subject: RE: Cornfeld Pledge Ctrl-PREFERRED 3 (2008) <br /> <br />Mario and Dr. Cornfeld - We don't have any further changes to the pledge agreement. Also, <br />I believe Hans has the promissory note ready for signature. Please advise as to next <br />steps re: signatures. <br /> <br />Thanks again and have a great weekend! <br /> <br />Doug Haag <br />Assistant City Manager <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br />Phone 305-792-1775 <br />Fax 305-792-1641 <br />dhaag@sibfl.net <br />www.sibfl.net <br /> <br />-----Original Message----- <br />From: Lamar, Mario [mailto:mario.lamar@lehman.coml <br />Sent: Thursday, January 31, 2008 9:54 AM <br />To: Douglas Haag; Dr. Cornfeld <br />Subject: Cornfeld Pledge Ctrl-PREFERRED 3 (2008) <br /> <br />Gentlemen, <br /> <br />Attached is a revised pledge agreement. Please review. <br /> <br />There was also a question regarding the words "entitlement orders". I was informed that <br />you review UCC Article 8 to get a clear understanding of the meaning. You can view the <br />article through the following link, http://www.law.comell.edu/ucc/8/overview.html. All <br />it really says is that we must take order from Dr. Cornfeld unless we receive the notice <br />of control. <br /> <br />If you have any other questions, please let me know. <br /> <br />Thank You, <br /> <br />ML <br /> <br /><<Cornfeld Pledge Ctrl-PREFERRED 3 (2008) . DOC>> <br /> <br />This message is intended only for the personal and confidential use of the designated <br />recipient(s) named above. If you are not the intended recipient of this message you are <br />hereby notified that any review, dissemination, distribution or copying of this message is <br />strictly prohibited. This communication is for information purposes only and should not <br />be regarded as an offer to sell or as a solicitation of an offer to buy any financial <br />product, an official confirmation of any transaction, or as an official statement of <br />Lehman Brothers. Email transmission cannot be guaranteed to be secure or error-free. <br />Therefore, we do not represent that this information is complete or accurate and it should <br />not be relied upon as such. All information is subject to change without notice. <br /> <br />IRS Circular 230 Disclosure: <br />Please be advised that any discussion of U.S. tax matters contained within this <br />communication (including any attachments) is not intended or written to be used and cannot <br />be used for the purpose of (i) avoiding U.S. tax related penalties or (ii) promoting, <br />marketing or recommending to another party any transaction or matter addressed herein. <br /> <br />PLEASE NOTE: FLORIDA HAS A VERY BROAD PUBLIC RECORDS LAW. MOST WRITTEN COMMUNICATIONS TO <br />4 <br />