0000930413-10-002738 Sample Contracts

SOTHEBY’S NEVADA, INC. 5600 Spring Mountain Road, Suite 104 Las Vegas, Nevada 89102
Sothebys • May 6th, 2010 • Services-business services, nec

This letter agreement amends the Agreement of Partnership (the “Partnership Agreement”) of Acquavella Modern Art, a Nevada general partnership, dated May 29, 1990, between Sotheby’s Nevada, Inc., a Nevada Corporation (“Sotheby’s Partner”), and Acquavella Contemporary Art, Inc., a Nevada Corporation (“Acquavella Partner”).

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Severance Agreement
Severance Agreement • May 6th, 2010 • Sothebys • Services-business services, nec • Hong Kong

This letter sets forth our understanding and agreement with respect to your employment by Sotheby’s Hong Kong, Ltd. (individually and, as the context may require, together with all of its parent companies, subsidiaries and related entities, “Sotheby’s” or the “Company”).

AMENDMENT NO. 2 TO CREDIT AGREEMENT
Credit Agreement • May 6th, 2010 • Sothebys • Services-business services, nec • New York

This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”), dated as of February 25, 2010, by and among Sotheby’s, a Delaware corporation (“Parent”), Sotheby’s, Inc., a New York corporation (“Sotheby’s, Inc.”), Sotheby’s Financial Services, Inc., a Nevada corporation (“SFS Inc.”), Sotheby’s Financial Services California, Inc., a Nevada corporation (“SFS California”), Oberon, Inc., a Delaware corporation (“Oberon”), Theta, Inc., a Delaware corporation (“Theta”), Sotheby’s Ventures, LLC, a New York limited liability company (“Ventures LLC”), Oatshare Limited, a company registered in England (“Oatshare”), Sotheby’s, a company registered in England (“Sotheby’s U.K.”), and Sotheby’s Financial Services Limited, a company registered in England (“SFS Ltd.” and, collectively with Parent, Sotheby’s, Inc., SFS Inc., SFS California, Oberon, Theta, Ventures LLC, Oatshare and Sotheby’s U.K., the “Borrowers”), General Electric Capital Corporation, a Delaware corporation (in its individual capacity,

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