From: Richard Kahn Sent: 1/21/2015 8:35:27 AM To: Vahe Stepanian Subject: Fwd: Valuation Statement for SOUTHERN FINANCIAL LLC as at 20 Jan 2015 - Request 182298 Attachments: 182298_20150120_20150121_1.pdf; Untitled attachment 00970.htm; 182298_20150120_20150121_1.csv; Untitled attachment 00973.htm please call me to review new positions on attached sheet thank you Richard Kahn HBRIC Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: Date: January 21, 2015 at 3:55:22 AM EST From: valuations.systemadb.com Reply-To: valuations.n db corn To: Dear Sir/Madam, Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 20 Jan 2015 - Request 182298 Please find attached the valuation as of the value date specified in the attached statement. For queries please contact the number provided on the statement. Kind regards, Deutsche Bank Group Customer Valuations Group This is an automated email account. Please do not reply to this email as the account is not monitored. Valuations are sent to you subject to our Valuation Disclosure statement. We also direct you to the following additional disclosures: In reference to the provision of valuations for daily marks: http://cbs.db.com/new/docs/Dailv Mark Methodologies and Assumptions Disclosure March 28 2013_(2).p CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055481 CONFIDENTIAL SONY GM_00201865 EFTA01364928