e an raup a on eme SOUTHERN FINANCIAL, LLC Request As ot 03 Jul 15 Deutsche Bank AG Fa Sales Inquirles Contact Daniel Sab t, For questions relating to Mis statement contact Valuations RV (Tel) 1 (Email) SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) Richard Kahn12 (Email) Mark Whyman (Email) Hm./ Chentservices (Email) Gedeon Pinedo (Email) >Amanda Ktity (Email) Paul Morns (Email) Vahe Stepanian (Email) Daniel Satte (Email) Ariane Dwyer (Email) °Ltd 2015 Page 1 Of 3 Fx Ritus USD/EUR = .9010632546 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 Confirmation. 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 typically derived all or in part from model pnces. externe' sources, market prices and/or DB's intemal books and records prices. Valuations may be adjusted to take into account market, bquidity, credit, operational or other risks, and/or to refleet adjustments based upon our willingness to unwind all or part of your position or revenue that 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 Chose containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into witti DB or the tenns at which existing transactions or instruments could be