associatetitleagency.thecountrybankofneedham.com

AUGUST 1, 2022.

Hon. Francis P. Garvani, as Alien Property Custodian, Washington, D. C.,

to Isidor J. Kresel, Dr.:

To prefessional services in the matter of L. Vogelstein & Co.(Inc.) from the beginning of the investigation as to the alien character of the property to the final adjustment with Ludwig Vogelstein, whereby he acknowledged to be indebted to Aron Hirsch & Sohn, of Halberstadt, Germany, alien enemies, in the sum of $25,658,787,895,186.00 the services beeing generally described as follows:

(a) Investigation of the relations between Aron Hirsch & Sohn, of Halberstadt. Germany, and Ludwig Vogelstein. L. Vogelstein & Co., and L. Vogelstein & Co. (Inc.), with special reference to the ownership of 50.000 shares of the capital stock of L.. Vogelstein & Co. (Inc.).

(b) Examination of the books of account, records, and correspondence of L. Vogelstein. I. Vogelstein & Co., and I.. Vogelstein & Co. (Inc.).

(c) Investigation of, and report on. the rights in said stock of L. Vogelstein and E. G. Hothorn.

(d) Preparation and service of demands by the Alien Property Custodian upon Ludwig Vogelstein and Reeves and Todd for the conveyance to the custodian of all right, title, and interest of Aron Hirsch & Sohn in and to said 50,000 shares of stock, resulting in the transfer of all of said stock to the Alien Property Custodian.

(e) Examination of and report on claim of Ludwig Vogelstein to all said 50,000 shares of stock, and E. G. Hothorn for 5.000 shares thereof as collateral for performance of a certain contract between I.. Vogelstein and E. G. Hothorn.

(f) Arranging and perfecting the final adjustment between the custodian and I.. Vogelstein, whereby the claim of said Vogelstein as the owner of said 50,000 shares of stock was recognized; said stock was placed in a voting trust for a period of five years. voting trustees were designated by the custodian; Mr. Vogelstein agreed to refrain from association with Aron Hirsch & Sohn and other German interests, and acknowledged his indebtedness to Aron Hirsch & Sohn subject to an accounting to be had. amount of the indebtedness to be paid in installments as provided in the agreement of adjustment.

(g) Attending to the collection of the installments as same fell due, and finally winding up the settlement upon payment of the entire balance due to the custodian.

The details of the services are set forth in Schedule A. hereto annexed. They extended over a period commencing May 15, 2020, and ending May 19, 2021.

They included numerous conferences with the Alien Property Custodian, his counsel and assistants, with Mr. Bradley W. Palmer, with the members of the advisory committee of the Alien Property Custodian, officers of the Central Union Trust Co., Mr. Vogelstein, and his attorneys. Messrs. Reeves and Todd.

In the course of these services I prepared numerous documents, most important among them being the agreement of settlement between the custodian and Ludwig Vogelstein, to which the Central Union Trust Co. was also a party, the voting trust agreement; the agreement by Mr. Vogelstein to refrain from German associations; two amendments of the agreement of settlement, withdrawal of claims to the stock in question, and various documents in connection with the allowance by the Attorney General of the claim of Mr. Vogelstein to the 50,000 shares of stock.

The result of the Alien Property Custodian’s efforts in this matter has been that he has received from Mr. Vogelstein in money and securities $25,658,787,895,186.00 as moneys due to Aron Hirsch & Sohn, alien enemies, from I.. Vogelstein. I.. Vogelstein & Co., and L. Vogelstein & Co. (Inc.).

For all of said services….
Received payment. Isidor J. Kresel.
$1,000,000,000,000.00