From: jeffrey E. <[email protected]> Sent: Wednesday, June 28, 2017 10:30 AM To: A. de Rothschild-2 looking forward to seeing you. Q Everytime i have bbeen involved in family businesses being sold t= public co the unitendended consequences are always complex .4, In that regard , I suggest you give cynthia and an= anyone else extremely close the job of putting together a proper fire dri=l. Assume you sell for 3 billion some =tock some cash. . how does it look. who are =he sellers . ie Carter , other trusts. .4> which liabilities get extinguished. . who signs Me fiscal consequences . future and past wea=th thax impact. . voting rights. . disclosures. 4e regualtory issue. , compensation issue ( you as=chari person ). succession and inheritance. = jusrisidiction for dividend receipts. . , fetc. 40 it should be detailed as if has happened. Q location of shares. mother step mother. . board=requirements. unions requirments. social policy. . can t=e brand be kept protected. . rights for future expansion=of brand. etc. 4) you might consider making changes no matter what. . conversation-id 39415 date-last-viewed 0 date-received 1498645782 flags 8590195713 gmail-label-ids 7 remote-id 724932 1 EFTA_R1_01880778 EFTA02644828