<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, April 6, 2016 11A0 AM</td></tr><tr><td>To:</td><td>A. de Rothschild</td></tr></table>

I think it important that you make a clear break from past=C2 to future. . re -org. ? partial sale.? =C2 strong steps so you can say that was the past.. =AO cousins , nadine. are all issues. . Lux p=osecutors , regulators. now Have to find reasons to excuse the=r own mistakes. categorizing how to deal with MA, not easy. =C2 too agressive risks massive blowback. . Pana=a papers only step one

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=A0 please note

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