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JWF ES         November 24, 1928

Count René Trotti,
The Dorset, 30 West 54th St.,
New York City.
MM.Trotti & Cle,
8, Place Vendôme, Paris.

Dear Sirs:

In settlement of your invoice of November 20th for a painting by LE MAITRE DE MOULINS - "Men in Prayer", endorsed by Dr. Max FRIEDLANDER, you will find enclosed herewith our check for Thirty five Thousand Dollars ($35,000).

It is understood that in case of sale, you would receive one third (1/3) of the net profit above this amount.

Kindly acknowledge receipt of the above, and oblige

Very truly yours,
JACQUES SELIGMANN & CO., Inc.,

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