English Translation

2.) 2 switching of such protectionist influences. You gave me your support at the time and the success has also happened promptly insofar as the final sales negotiations were started first with my brother-in-law. It is obvious that my brother-in-law was anxious to determine the value of the company. He had expert reports prepared, he had inquiries with financial institutions and informed the trustee in detail.The information varied from K 800.O00.- to about K l 250 000.- The director of the financing bank held that the amount of K 1,000.000.-- as a purchase price was questionable. By letter of the Reichsprotector in Bohemia and Moravia, Prag-Senat, of 16 December 1941, Z1.II/1 Jd 247ll/41, he was now informed that the purchase price of the company was fixed at K 2,235,000.- taking into account the acquisition of all assets and liabilities. The foreign claims are not transferred, nor are the operating profit generated up to the date of the transfer, considering the 'bad establishments' existing in the company and because of the completely missing living rooms for the follow-up, missing washing facilities and the like, as well as the poor job situation, the willingness to deduct 75% of that amount from the purchase price, which is actually spent within one year on the removal of these defects. Thus, it is further admitted that the state of the company is more deficient and that, in addition to the purchase cost, additional funds are needed to sustain the company's viability. These findings are supported by the expert opinion of a trust company "Omnia ". Since all objections made by my brother-in-law against these estimates of the "Omnia" were not granted as unfounded, the purchase price was finally fixed. My brother- in-law takes full account of this fact, finds himself with it and draws from it only the conclusion that he is not able to renegotiate the company under these conditions. VUV W