From: Paul Morris Sent: 6/3/2015 9:49:01 AM To: Vahe Stepanian Subject: RE: Monthly TWTR Swap Reset [SC) Classification: Strictly Confidential R u all set on this? Paul Morris Managing Director Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Tuesday, June 02, 2015 12:28 PM To: Richard Kahn Cc: Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan; Daniel Sabba Subject: RE: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Rich — I'm following up on the below. Please confirm you agree with the details. We will call Darren to verbally confirm wire transfer to DBAG London after receipt of your approval. Thank you, Vahe From: Daniel Sabba Sent: Tuesday, June 02, 2015 8:08 AM To: jeffrey E. Cc: Richard Kahn; Vahe Stepanian; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: RE: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Resending per previous email. The password for the attachment is' From: Daniel Sabba Sent: Thursday, May 28, 2015 3:52 PM To: 'Jeffrey E.' Cc: Richard Kahn; Vahe Stepanian; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: FW: Monthly TWTR Swap Reset [SC] 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 Februarys 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). CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 117222 CONFIDENTIAL SDNY_GM_00263406 EFTA01457603