From: Richard Kahn <I

From: Richard Kahn <I To: Heather Gray Subject: Fwd: Braque I Update Date: Mon, 20 Mar 2017 22:45:32 +0000 Looks like we achieved slightly favorable terms at 75/25 on anything over our guarantee of 4.5mm. I will send you revised agreement tomorrow for one last review. Thank you. Richard Kahn HBRK Associates Inc. New York NY 10022 Begin forwarded message: From: ' Date: March 20, 2017 at 6:14:26 PM EDT To: Richard Kahn Subject: RE: Braque I Update Dear Richard, Thank you for your email. We are sending you our revised Sellers Agreement with the terms noted below asap. Best wishes, From: Richard Kahn Sent: Monday, March 20, 2017 2:23 PM To: Subject: Re: Braque I Update as i suspected 70/30 will not work mr epstein proposed 75/25 after 4.5mm guarantee with no limit on price please advise if acceptable thank you Richard Kahn HBRK Associates Inc. New York, NY 10022 EFTA00691185 On Mar 20, 2017, at 12:34 PM, wrote: Dear Richard, We have $4.5m net to you with 70/30 split from $6m. Please confirm and we will send paperwork asap. Best, On Mar 20, 2017, at 9:59 AM, Richard Kahn wrote: i am free all day please call me thank you Richard Kahn HBRK Associates Inc. New York, NY 10022 On Mar 17, 2017, at 5:14 PM, wrote: Dear Richard, Thank you for your email. If you have a moment can you call me on my cell Best wishes, From: Richard Kahn Sent: Friday, March 17, 2017 4:45 PM To: Subject: Re: Braque I Update The $4.5 million is acceptable for the guarantee if the overage is divided as follows: 80/20 up to 7 million and then 70/30 above 7 million Please let me know if acceptable Thank you Richard Kahn HBRK Associates Inc. EFTA00691186 New York, NY 10022 On Mar 16, 2017, at 10:38 PM, Dear Richard, Thank you for your call today. We are in the process of securing a guarantee for Jeffrey's Braque. We greatly appreciate your exclusivity and are close to securing your guarantee, however at $4.5m. wrote: Regarding clarity of timeline, we go to press with our May 15th Evening Sale catalogue April 7. We have already started our scholarly note with comparative images for a six page spread in our catalogue. We are pushing to expedite the terms and contract as we do not want to delay this further. In order to secure best financials for you we do require laser focus and time but I have noted your expiration to deliver before opening to the competition. I hope to update you tomorrow but ask that we have a few more days to finalize. Please do not hesitate to contact me with any questions and speak tomorrow. With best wishes, CHRISTIE'S I 20 Rockefeller Plaza I New York, NY 10020 Visit www.christies.com to explore special multi-media sale promotions, browse our illustrated catalogues and leave absentee bids through LotFinder(R), Christie's online search engine, and register for Internet bidding with Christie's Live(TM). This message and any attachment are confidential. If you are not the intended recipient, please telephone or email the sender and delete the message and any attachment from your system. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. Visit www.christies.com to explore special multi-media sale promotions, browse our illustrated catalogues and leave absentee bids through LotFinder(R), Christie's online search engine, and register for Internet bidding with Christie's Live(TM). This message and any attachment are confidential. If you are not the intended recipient, please telephone or email the sender and delete the message and any attachment from your system. If you are not the EFTA00691187 intended recipient you must not copy this message or attachment or disclose the contents to any other person. Visit www.christies.com to explore special multi-media sale promotions, browse our illustrated catalogues and leave absentee bids through LotFinder(R), Christie's online search engine, and register for Internet bidding with Christie's Live(TM). This message and any attachment are confidential. If you are not the intended recipient, please telephone or email the sender and delete the message and any attachment from your system. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. Visit www.christies.com to explore special multi-media sale promotions, browse our illustrated catalogues and leave absentee bids through LotFinder(R), Christie's online search engine, and register for Internet bidding with Christie's Live(TM). This message and any attachment are confidential. If you are not the intended recipient, please telephone or email the sender and delete the message and any attachment from your system. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. EFTA00691188