Deutsche Bank AG e an naup SOUTHERN FINANCIAL, LL R 182298 Aug 15 7717171:zr": 7 177 25Aug 2015 Page 1 Of 3 Fa SalesInquides Contact Daniel Sabba (Tel) For quasbons relating to Nis statement contact Valuations NY (Tel) (Email) SOUTHERN FINANCIAL. LLC To: Jabwcpa Gmail (Erna Richard Kahn12 (Email Mail< Whyman (Email) Hnw Clientservices (Email) h >Amanda Kirby (Email) arm. Paul AlornS (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email) Daniel Sabba (Email) Ariane Dwyer (Email) FX RS* USD/EUR = 8640428565 Note:-All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, while a positive amount is one which is in DB Group favour. The terms and conditions of each transaction are specified In the relevant trade Confirmabon. Deutsche Bank Group ("DB") is providing the valuations set forti above as an accommodation to you solely for your own intemal use. Unless expressly stated othenvise, valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. [es economie assessment is typicalty derived all or in part from model pnces. externe' sources, market prices and/or DB's interne' books and records prices. Valuations may be adjusted to take into account market, bquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or part of your position or revenue Nat has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always deebne over time. as DB's appetite to unwind at a premium will generally dedine over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including pose containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into wiel DB or the terras at which existing transactions or instruments could