<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Wednesday, January 18, 2017 8:30 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Fwd: Giacometti</td></tr></table>

Richard =ahn
HBRK Associates Inc.

Begin forwarded message:

From: =/b>Heather Gray

Subject: =/b>Giacometti

Date: =/b>January 18, 2017 at 2:56:34 PM =ST

To: =/b>Richard Kahn <

Hi Rich,

I spoke with Leon and =e thinks Chenue warehouse in Paris is a good option for storage of the =iacometti. I'll tell the warehouse to set up the account =n the name of The Haze Trust. Should I give them your contact =nfo or Darren's?

I also just want to =onfirm that the Giacometti Committee invoice has been paid. As I =hink I mentioned, they will not issue the certificate of authenticity =ntil they have received payment.

Lastly, I believe Leon has passed this info along to =effrey, but just so you know Gagosian says they are "close"=with a buyer. My understanding is that the gross purchase price =s $30 million with a $2 million commission to

Gagosian and $28 million net to Jeffrey. Gagosian says their lawyers are =egotiating with the buyer's lawyers and that things are moving =t a glacial pace, but they think the deal will go through.

The buyer wants to =nspect the sculpture out of its crate before finalizing the purchase, =ut has agreed to put the purchase price in escrow prior to the =nspection. I recommend having Chantal Quirot (the conservator who =reviously oversaw the uncrating of the work and the re-crating at the Giacometti =oundation) oversee the uncrating of the work. Unless you or =effrey disagree, I will arrange for her to be present at the uncrating =and will let you know the date it is scheduled for as soon as I know). She will probably charge around 1,000 Euros (or maybe =ess) for this and I think that would be money well spent by =effrey. It is always good to have your own conservator directing =he uncrating of a delicate object like this.

I asked Leon again yesterday for any =dvice/recommendations he has on the Braque, and he told me to put it on =old for now. If Jeffrey is ready to have it shipped somewhere, =lease just let me know. As you know, the Braque is still at Gagosian NY.

I'm back in =he office if you'd like to discuss any of this.

Best,

Heather

Heather Gray

Elysium Management LLC