34-35 New Bond Street London W IA 2AA UK 444 (0)20 7293 5000 SOTHEBYS.COM Sotheby's 11'" May 2017 The Haze Trust B3 6100 Red Hook Quarter St. Thomas 00802 Virgin Islands (US) Dear Sirs Thank you for instructing Sotheby's in London ("Sotheby's", "we", "our") to offer for sale at auction on your behalf the following work: Alberto Giacometti, Grande figure, bronze, height 130.3cm, cast by Rudier in 1948 (the 'Property"). This letter agreement (the "Agreement") confirms the terms upon which you and Sotheby's have agreed to offer the Property for sale and incorporates Sotheby's standard Conditions of Business for Sellers (enclosed as Schedule I hereto), Sotheby's standard Conditions of Business for Buyers and Sotheby's Authenticity Guarantee as amended by this Agreement (the "Conditions of Business"). References in this Agreement to numbered Conditions are to the relevant Conditions of Business for Sellers. References to "you" and "your" mean The Haze Trust. As between you and Sotheby's, in the event of a conflict between the terms of this Agreement the enclosed Conditions of Business for Sellers, the terms of this Agreement shall control. 1. Date of the Auction The Property will be offered for sale in Sotheby's Impressionist & Modem Art Evening Sale to be held at our New Bond Street premises in London in June 2017 (on a specific date to be determined by Sotheby's), subject to postponement for reasons beyond Sotheby's control. 2. Estimates and Reserves Sotheby's current pre-sale estimates for the Property are £15,000,000-£25,000,000. The Property will be subject to a reserve to be mutually agreed in writing prior to the sale of the Property. The reserve for the Property may not exceed Sotheby's latest low pre-sale estimate for the Property. 3. Seller's Commission and Buyer's Premium Sotheby's agrees not to charge you a seller's commission on the sale of the Property. Subject to the following paragraph, you authorise Sotheby's to collect fr