<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, November 29, 2017 3:02 PM</td></tr><tr><td>To:</td><td>perso@aderfam.ch</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

you can certainly figure out who can help you . =AO it is one of your great skills. . pull the best from =oth . and then 18 -24 months later it should run itself.=C2

=n Wed, Nov 29, 2017 at 9:59 AM, perso@=derfam.ch <mailto:perso@aderfam.ch> <perso@aderfam.ch <mailto:perso@aderfam.ch> > wrote:

Great - very interesting I m not sure though that I have the capabilities to run that big=a combined bank

Ariane de Rothschild=C2

On 29 Nov 2017, at 23:56, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com» wrote:

the board. . lots of alternatives. =C2 lots

On Wed, Nov 29, 2017 at 9:55 AM, perso@aderfam.ch <perso@aderfam.ch <mailto:perso@aderfam.=h» wrote:

The merger is to me the best alternative to try The family has very little left in the company - do they still decide = The board at large ?

A=iane de Rothschild

On 29 Nov 2017, at 23:34, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com> > wrote:

yes, . chats why the family is spinning. =. the alternative is for them to be bought by CS but it =s too early in cs cleaning to do so. . , no matter what =B has some good teams that pichtet will hold off robbing for a year =r so . so it is ripe for you to either approach, or my preference is a merger, =AO tax effficient. . operations synergized , 200 m savin=s. . and YOU personally as opposed to benj t=usts to be compensated fully

On Wed, Nov 29, 2017 at 9:29 AM, perso@aderfam.ch <perso@aderfam.ch <mailto:perso@aderfam.=h» wrote:

replaced soon too ?

## Ariane de Rothschild

On 29 Nov 2017, at 21:02, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com> > wrote:

I think the merger of you and JB with you in charge =ould be great. as i always thought , the fam=ly is lost . they had no noncompete in place. as i knew<=r clear="all">

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## Ariane de Rothschild (cont.)

and

destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please note

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## =AO please note

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