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January 16, 1950

Dear Mr. Seligman:

With reference to our recent sale of your drawing by Seurat "Port de Honfleur" (as per our credit note) of December 30, 1949) we wish to confirm our understanding that due to the loss on this transaction you have kindly consented to waive your right to the 10% commission of the net selling price of this picture to which you would have been entitled in conformity
with our agreement.

Thanking you for your kind consideration,

Very sincerely yours,
Jacques Seligmann & Co., Inc.

(O.A. Liechti)

Mr. Germain Seligman
5 East 57th Street
New York 22, N.Y. 
Jacques Seligmann (signature)

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