Dear Nikola,

a) Thank you for your trusting me with the two documents attached to your letter.
b) The second attachment "Please_docusign ..." lacks Exhibit A without which it cannot be interpreted.
c) The "Please_docusign ..." document has been endorsed by Robert and Tod. It has not been endorsed by Donna or yourself.
d) The schedule of fee savings on page 3 of the Nick and Tod memo assumes an 8% annual rate of return for the next 21 years.  I believe this assumption to be unrealistic and to cast doubt on the logic of the document it purports to justify.
e) Robert having resigned as co-trustee of "the Trust", leaves BMO as sole trustee of the Trust, a circumstance which leaves in my mind the question on what grounds or by what criteria BMO will exercise its rights to make facultative distributions from the Trust.
f) You are being asked to sign a complex document which has obscure financial advantages or disadvantages for you, and with which you assume undefined obligations. 
g) Your proposal to obtain legal advice is likely to cost you many hundreds if not thousands of dollars unless you understand the issues in sufficient detail to frame specific legal questions.
h) If you provide me with Exhibit A, I should be pleased to study it and to help you to understand the relevant legal issues.
g) I can't be your lawyer, but I have never encountered a legal problem which did not interest me, and from which I did not try to learn.  If you wish, I will be glad to try to review the trust with you.  Such a review could be done most efficiently and safely by telephone.
h) If you accept my offer, please telephone me at any time.
EJM