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Copy of a letter from Duveen Brothers to H.C. Frick, 19 March 1915 [page 2 of 2]

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DUVEEN BROTHERS 720 Fifth Avenue New York

H.C Frick, Esq. #2 March 19, 1915.

It is further understood that we are to have the right period of time covered by such option up to April 1st (first) 1917, to sell the stock for our account or pledge it or make such use of it as we may deem advisable, subject to our liability to comply with the terms of the agreement herein outlined. If we are incorrect in presenting our statement of the arrangement, we would appreciate it if you would kindly advise us. Very respectfully yours, (Signed) Duveen Brothers Enclosures: 2 invoices 1 statement

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