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-50- [[underline]] Agreement with Dr. Sackler [[/underline]] With the approval of the Chancellor and the Chairman of the Executive Committee, and in accordance with the Regents' resolution of May 3, 1982, Mr. Ripley forwarded to each Regent a final draft of the proposed Agreement with Dr. Arthur M. Sackler on June 17, 1982. As a result of that poll, it was VOTED that the Board of Regents concurs in the terms of the Sixth Preliminary Draft of the Agreement between Arthur M. Sackler, M.D., and the Smithsonian Institution, as annotated and enclosed in the Secretary's letter of June 17, 182, and in accordance with Regents' resolution of May 3, 1982, authorizes the Secretary to sign such an Agreement. On July 28, Mr. Ripley and Dr. Sackler signed copies of the formal Agreement, which provides the following: •A pledge of $4 million toward the construction costs of the Quadrangle project, payable one-half upon groundbreaking and one-half upon certification by the architect that the project is 50 percent completed. •A donation of nearly 1,000 works of art, valued at well over $50 million, including Chinese jades, Chinese bronzes, Chinese paintings, Chinese lacquer, Near Eastern metalwork, and sculpture from ancient Cambodia, India, and Thailand, as personally selected by the Director of the Freer Gallery of Art, Thomas Lawton. •A provision that the Director of the Freer shall also be the Director of that western portion of the Quadrangle project which interconnects with the Freer, such portion to be known as the Arthur M. Sackler Gallery; and that he be assisted by an Assistant Director whose principal duty would be the day-to-day management of the Gallery. •A mutual commitment to continue a program of scholarly publication based on the collection, conducted at the donor's expense. •An understanding that the donor's commitments are contingent upon the Smithsonian obtaining $36,500,000 in Federal funds for construction costs by July, 1983.