Put option process and timeline 1. Investor agrees in principle to key terms > 5 (b). Loan defaults Deutsche Bank Corporate Banking & Securities 2. DB completes due diligence on its loan 3. Investor & DB go firm on commitment and terms, with penalties for breakage 4. DB closes transaction & pays ii-->" 5 (a). Loan repaid — i i option expires premium to Investor i , Confidential — Not for Distribution 6. DB enforces on loan collateral L. 7. DB runs auction on Collateral 8 (b). Auction fails and DB takes ownership of Collateral 9. DB puts Collateral to Investor in exchange for the Strike Price r 10. Investor now owns the Reference Asset 8 (a). Investor or other 30 party wins auction and takes Collateral - option expires 4 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 102589 SDNY_GM_00248773 EFTA01447830