EFTA01424158

Subject: Re: Butterfly trust [C] From: Stewart Oldfield Date: Fri, 30 Dec 2016 10:25:12 -0500 To: Cynthia Rodriguez Classification: Confidential Yes. Let's start there. Stewart Oldfield, CFA, CAIA Director Deutsche Deutsche 345 Park Tel: Mobil Email Bank Trust Company Americas Bank Wealth Management Avenue. New York, NY 10154 lackberry Securities offered through Deutsche Bank Securities Inc. From: Cynthia Rodriguez Sent: Friday, December 30, 2016 10:00 AM To: Stewart Oldfield Subject: FW: Butterfly trust Is it safe to just say it's an employee trust and the benes changed because theyre no longer on payroll and the new benes are? Kind regards, Cynthia Rodriguez {cid:image001.png@OlD0778D.2D49CDD0} Cynthia Rodriguez Assistant Vice President Deutsche Deutsche 345 Tel. Fax Email Bank Trust Company Americas Asset & Wealth Management 154-0004 New York, NY, USA EFTA01424158 From: Richard Kahn [mailto: Sent: Friday, December 30, 2016 9:57 AM To: Cynthia Rodriguez Cc: Stewart Oldfield Subject: Re: Butterfly trust please review with stewart as i believe i provided this information to him thank you stewart - i am free after 11am to speak thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cel EFTA01424159 On Dec 30, 2016, at 8:31 AM, Cynthia Rodriguez <cynthia.rodriguez@db.com> wrote: Hi Rich, Just following up on the below. Thanks! Kind regards, Cynthia Rodriguez <image001.png> Cynthia Rodriguez Assistant Vice President Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 York, NY, USA Tel. Fax Emai From: Cynthia Rodriguez Sent: Monday, December 19, 2016 5:56 PM To: 'Richard Kahn' Subject: Butterfly trust EFTA01424160 Hi Rich, Hope all is well. Our compliance group is reviewing the recent update that was made to the beneficiaries of the Butterfly Trust, and they have a few questions regarding the trust: What is the purpose of this trust, as it is not cleared within the original trust agreement Based on the supporting documents provided, where in the trust agreement does it support the change of beneficiaries? Why are the beneficiaries changing? Please provide guidance on the above questions, and revert back at your leisure. Thank you in advance for your help. Kind regards, Cynthia Rodriguez <image001.png> Cynthia Rodriguez Assistant Vice President Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue 10154-0004 New York, NY, USA Tel. Fax Emai EFTA01424161 This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01424162