From: Daniel Sabba To: "jeffrey C•." [email protected]> CC: Richard Kahn Subject: Date: Attachments: Inline-Images: Vahe Ste anian < , Paul Morris , "Jeanne Brennan" FW: Monthly TWTR Swap Reset [SC] Thu, 28 May 2015 19:52:04 +0000 612676_-_SF.DOCX image002.jpg Stewart Oldfield , Ariane Dwyer Classification: Strictly Confidential Jeffrey — per our conversation, in the past three reset payments, DB paid Southern Financial $1,255,898.01 ($905,092.06 for February's reset, $189,549.51 for March's and $161,256.44 for April's). With the $1,529,290.08 reset payment for May, Southern Financial will have net paid $273,392.07 to DB. The change in option premium as of yesterday's close was $357,952.72 in favor of Southern Financial (DB paid Southern Financial $728,278.28 and this option was marked yesterday at close at $370,325.56). Please let us know if you have questions, Daniel From: Vahe Stepanian Sent: Thursday, May 28, 2015 3:39 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Rich- please confirm you agree with the below details of the monthly Twitter swap settlement. We will call Darren to verbally confirm wire transfer to DBAG London after receipt of your approval. DB Receives 1,529,290.08 USD Reset Date: 27-May-2015 Value Date: 01-June-2015 Interest: 4,290.08 Equity: 1,525,000.00 Note that the last reset date was 4/27/2015, and additional details are included on attachment (password will follow under separate cover). I've also included a Bloomberg screenshot with TWTR closing prices below for your convenience. Thank you, Vahe EFTA00642699