From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: Giacometti terms Date: Thu, 22 Jun 2017 14:52:21 +0000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax cel Begin forwarded message: From: "Weaver, Cecilia" itt > Subject: RE: Giacometti terms Date: June 22, 2017 at 10:47:14 AM EDT To: "'Heather Gray'" Cc: "'Darren K. Indyke Esq. Hi Heather, >, "'Richard Kahn" Here is to confirm that the purchaser was indeed the client who requested payment terms. Therefore, the payout will be 50% on day 95 (paid to us on day 90) and 50% on day 125 (paid to us on day 120). I hope you are happy with the result! Best, Ceci Cecilia Weaver I Sotheby's Assistant to Amy CappelIazza T: 212-894-1443 1334 York Avenue, New York, NY 10021 From: Heather Gray [mailto: Sent: Thursday, June 22, 2017 9:44 AM To: Weaver, Cecilia Cc: Darren K. Indyke Esq. ( Subject: Giacometti terms • Richard Kahn EFTA00686138

Hi Ceci, I just wanted to check in to see if the buyer of the Giacometti was the person/entity who had requested extended payment terms, or if the trust should expect payment on day 35 (assuming Sotheby's has been paid by then, of course). Thanks! Heather Heather Gray Art Counsel Elysium Management LLC 445 Park Avenue, Suite 1401 New York, NY 10022 646-589-0315 This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email In error please notify the postmaster at www.sothobys.com EFTA00686139