1. Private Banking Customized Financial Planning – “Preparing for the Future” For William Wyatt

2. (Titel of the presentation, Date, Department, Name) · Page 2 Presented by Dr. Kai Poetschke, MBA Economist and Journalist MBA: London School of Economics, PhD: New York University Worked for Bank of Scotland and Chase Manhattan Bank Moderator of own TV-Show: “Your business is my business” since 1967

3. (Titel of the presentation, Date, Department, Name) · Page 3 Excellence through Strength - An uncompromising attitude to quality Founded in 1870, Deutsche Bank is currently the largest financial institution in the world, with assets exceeding USD 800 billion.  a strength that is able to reach around the world, identify opportunities and realize them for the benefit of its clients. One of the most highly rated banks in the world. Pre-eminent reputation among world major banks, based on the strength and depth of its business, on its innovative approach to new opportunities, and on enduring client relationships.

4. (Titel of the presentation, Date, Department, Name) · Page 4 Relationships - Strong client partnerships Our aim is to establish an all encompassing financial plan with expertise and care that addresses all issues With an appropriate wealth management strategy, the overall objective is wealth preservation and enhancement through a disciplined approach to investment, combining: 1.A thorough understanding of your individual circumstances, income requirements, return expectations, risk appetite and other objectives. 2.A complete and detailed analysis on your personal business including recommendation regarding succession planning, buy-outs, IPOs & any other customized solutions. 3.Asset allocation and selection expertise that reflects our client’s specific goals. 4.A well-established, prudent investment philosophy. 5.Strong emphasis on client communication and reporting.

5. (Titel of the presentation, Date, Department, Name) · Page 5 Relationships - Strong client partnerships Deutsche Bank Private Banking is able to access a wide range of resources and expertise from its large global network within the Deutsche Bank Group. Irrespective of location, the group works closely together as a team in the interests of the clients and as an integral part of Deutsche Bank Private Banking worldwide network. Deutsche Bank Private Banking brings to you professionals who have long and varied experiences in private client work

6. (Titel of the presentation, Date, Department, Name) · Page 6 Added Value Services Trust & Fiduciary Services - Deutsche Bank International Trust Company Limited (DBITC), headquartered in Guernsey and with presences in DB’s regional private banking centers, provides trust, fiduciary and other related services to our private clients. Confidentiality & Privacy are key: Creditor Protection, efficient tax planning  Your Private Banker in Deutsche Bank can access and co-ordinate with the professionals at DBITC who have expertise in Trust and Estate Planning in order to safeguard your wealth and facilitate effective wealth conservation.  US based Trust & Estate Planning incorporating all aspects of US laws & regulations are accessed through our local Trust experts in NY

7. (Titel of the presentation, Date, Department, Name) · Page 7 Key Issues to be addressed Businesses: Plastic Company & French Restaurant Personal Investments Personal Retirement Plans Insurance Estate Planning

8. (Titel of the presentation, Date, Department, Name) · Page 8 Businesses: (1) Plastic Company (2) French Restaurant

9. (Titel of the presentation, Date, Department, Name) · Page 9 Presented by Dr. h.c. Joerg Sulimma, Attorney 75 years of experience as international lawyer and tax advisor Financial and law degrees of the universities of Harvard, Capetown, Stockholm and Cuala Lumpur Over 150 publications in the main law and financial magazins of the world

10. (Titel of the presentation, Date, Department, Name) · Page 10 Business Presented by Dr. Samantha Ho 25 years of experience advising top-tier clients on business related issues Articles published in Leading Wealth Management Journals B.S. Finance: Boston University MBA: Wharton Business School PhD in Philosophy & Political Science: Harvard University

11. (Titel of the presentation, Date, Department, Name) · Page 11 Business 1 : Plastic Company Liquidity Planning / Re-capitalizing Main objective: More access to capital & aggressive business plan & to grow the business 4 partners with equal share One partner is looking to sell Strong cash position : $2 million EBIT Possible Solutions for partner to : (1)Buy-Sell Agreement (using Insurance) (2)Management Buy-Out (MBO): Formal Buy-out Agreement, Stock Options for employees (3)Private Equity (4)Strategic Partner Retirement plan for the firm: 401(k) Pension Fund (defined contribution), defined benefit, Stock Options

12. (Titel of the presentation, Date, Department, Name) · Page 12 Suggestion (1): Buy-Sell Agreement Orderly transfer of business if any partners of the partners wants to sell out or dies Permits co-owners to continue in their business roles Allows a fair-market price for the business to be agreed upon today Who will fund this Agreement??? –Through an Insurance (Business has good strong cash position able to buy this insurance)

13. (Titel of the presentation, Date, Department, Name) · Page 13 Suggestion (2) : Management Buy-Out  Succession Planning  Employees have possibility of putting money into company:  Stock Options (can also be included in the retirement plan)  Issue new equity (voting vs. non-voting)  Partners may sell out their shares but could remain involved in the business as a Business Advisor or Director => Consultant agreement  Employees to purchase the shares of any partners who want to sell-out => Possibly could get increase in credit

14. (Titel of the presentation, Date, Department, Name) · Page 14 Suggestion (3): Private Equity Investor Non-traditional low-cost source of financing Adds discipline to management & possible expertise know-how More contacts leading to new business opportunities & new clients More access to capital from existing creditors

15. (Titel of the presentation, Date, Department, Name) · Page 15 Suggestion (4) : Strategic Partnership Raise additional capital Synergies Find a partner who could bring additional value to the firm: Example, a firm / partner who is strong in distribution or marketing Strategic partners – to consolidate with competitors (although you may get the lower value) Could possibly get increase in credit

16. (Titel of the presentation, Date, Department, Name) · Page 16 Plastic Company: Retirement Plan 401(K) : Defined Contribution & Defined Benefit –Menu of portfolios to choose from –Deferred income tax: low tax bracket vs. current tax income Stock Options

17. (Titel of the presentation, Date, Department, Name) · Page 17 Business: French Restaurant A 50% Co-Owner Earnings from restaurant: $10,000 per year Son: Chef & Manager. Would like to continue business Solution: Limited partnership (Father), General Partner (Son) with a management contract: I.e. Bonus Base or Fee Base (tax deductible) Son tax bracket: Low Gift from father: $10,000 worth of sharse of the restaurant per year (up to $650,000 tax exemption).

18. (Titel of the presentation, Date, Department, Name) · Page 18 Personal Investments Asset Allocation Recommendations

19. (Titel of the presentation, Date, Department, Name) · Page 19 Presented by Professor Dr. Sandra Duncan BSc Finance, MBA, JD, PhD (Tax Efficient investments) Author of best selling book “Damn it, Take Control of Your Finances – How to legally pay no taxes”. 27 years of experience in structured investments with Goldman Sachs, Merrill Lynch, Deutsche Bank Associate Professor of Tax planning New York University

20. (Titel of the presentation, Date, Department, Name) · Page 20 Personal Investment Used assets are not included Is your current investment asset allocation adequate? Cash Equivalents $ 57,000(3.38%) Certificate of Deposit $ 100,000(5.93%) U.S. Treasury Notes $ 175,000(10.37%) Municipal Bonds $ 310,000(18.38%) Large Cap U.S. Growth Stocks $ 285,000(16.89%) Commercial Real Estate $ 375,000(22.23%) French Restaurant $ 55,000(3.26%) Stock in Plastics Company $ 380,000(22.53%)

21. (Titel of the presentation, Date, Department, Name) · Page 21 Current Overall Asset Allocation

22. (Titel of the presentation, Date, Department, Name) · Page 22 Recommendations I Commercial real estate investment ties up too much capital ROE (Cash Flow) too low (7.7%) Suggestion:Refinance existing mortgage up to maximum allowed value Interest cost of mortgage is tax deductible Solution:Additional cash becomes available for investment in company

23. (Titel of the presentation, Date, Department, Name) · Page 23 Current Financial Markets Asset Allocation

24. (Titel of the presentation, Date, Department, Name) · Page 24 Recommended Asset Allocation Conservative – Balanced Portfolio

25. (Titel of the presentation, Date, Department, Name) · Page 25 Recommendations II Current financial market asset allocation is not balanced enough! Goals: 1.Capital Appreciation on investments –Restructure to a Balanced Portfolio: 10% Cash/CDs, 40% Equities, 50% Fixed Income –Switch USD Large Cap Growth Stock Portfolio to globally diversified Portfolio of Growth Stocks –This allocation should produce stable returns on a risk-adjusted basis –To reduce cash by approximately 7% 2.Minimize taxes I.e. The Gift-Tax Annual: tax exclusion of $10,000 (preferably to transfer to someone with a low tax bracket) Suggestion: –Enable you to give $10,000 p.a. to each grandchild

26. (Titel of the presentation, Date, Department, Name) · Page 26 Trust Structures

27. (Titel of the presentation, Date, Department, Name) · Page 27 Presented by Dr. Dr. HC Alexandra Schulz, Chief Trust Officer 29 Years of experience in Trust and Estate Planning Founder of Deutsche Bank’s Trust and Estate Planning Division BSC, Astrophysics, MSc, Mathematics, PhD Financial Planning M.I.T and Stanford University Voted “Best Financial Advisor”, Global Financial Advisors Guild 1998

28. (Titel of the presentation, Date, Department, Name) · Page 28 Presented by Dottore Filippo Pignatti Morano di Custoza Economist, MBA and PhD at University of Palermo Long time Specialist in Italian and Austrian economies Worked for NatWest Bank, Banco di Italia, Banco Santander, National Westminster Bank and Banco di Palermo, Banca Criminale Organizato Di Italia President of the Italian Communist Party, candidate for the presidential elections in the year 2000

29. (Titel of the presentation, Date, Department, Name) · Page 29 QTIP Trust I QTIP Trust To include the current life insurance Income Beneficiary June Wyatt Property Owner Bill Wyatt Principal Beneficiary Grace Wyatt (Daughter)

30. (Titel of the presentation, Date, Department, Name) · Page 30 Income to spouse for lifetime Daughter is principal beneficiary and receives the property after death of her mother Grantor retains ultimate control over the final beneficiary of the assets Trust ends after death of the spouse QTIP Trust I

31. (Titel of the presentation, Date, Department, Name) · Page 31 Charitable Remainder Trust I Recommendation: To be included in the Will Charity Remainder Trust Income Beneficiary June Wyatt Property Owner Bill Wyatt Principal Beneficiary College

32. (Titel of the presentation, Date, Department, Name) · Page 32 Assets will be transferred into the trust after grantor’s death Trust will pay income to the spouse as beneficiary Trust ends after death of the spouse Principal beneficiary receives the property Charitable Remainder Trust II Recommendation: To be included in the Will