From: "jeffrey E." <jeevacation@gmail.com>

From: "jeffrey E." <jeevacation@gmail.com> To: "A. de Rothschild-2" Subject: Date: Wed, 28 Jun 2017 10:29:42 +0000 looking forward to seeing you. Everytime i have bbeen involved in family businesses being sold to public co the unitendended consequences are always complex . In that regard , I suggest you give Cynthia and and anyone else extremely close the job of putting together a proper fire drill. Assume you sell for 3 billion some stock some cash. . how does it look. who are the sellers . ie Carter , other trusts. . which liabilities get extinguished. . who signs ? fiscal consequences . future and past wealth thax impact. . voting rights. . disclosures. regualtory issue. , compensation issue ( you as chari person ). succession and inheritance. , jusrisidiction for dividend receipts.. , fetc. it should be detailed as if has happened. location of shares. mother step mother. . board requirements. unions requirments. social policy. . can the brand be kept protected. . rights for future expansion of brand. etc. you might consider making changes no matter what. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01041653