From: "Jeffrey E." <jeevacation@gmail.com>

From: "Jeffrey E." <jeevacation@gmail.com> To: Jeffrey Epstein <jeevacation@gmail.com>, Richard Kahn < Ila> Subject: Re: Monthly TWTR Swap Reset [SC] Date: Mon, 01 Jun 2015 22:40:03 +0000 need to review i do not understand On Sat, May 30, 2015 at 7:25 AM, Jeffrey E. <jeevacation@gmail.com> wrote: Forwarded message From: Richard Kahn Date: Thu, May 28, 2015 at 4:00 PM Subject: Fwd: Monthly TWTR Swap Reset [SC] To: "Jeffrey E." <jeevacation@gmail.com> my summary is as follows: S received for call sold 728,278 unrealized loss of closing call 5/27 -370,326 feb settlement less int paid 905,092 march settlement less int paid 189,550 april settlement thru 4/27 less int paid 161,256 may unrealized loss 5/27 with interest 11,529,290) NET UNREALIZED GAIN TWTR AS OF 5/27 84,560 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 646-350-0954 cell 917-414-7584 Begin forwarded message: From: Daniel Sabba To: "Jeffrey E." <jeevacation mail.com> Cc: Richard Kahn < >, Vahe Ste anian < Ariane Dw er < >, Paul Morris < >, Stewart Oldfield >, "Jeanne Brennan" < Subject: FW: Monthly TWTR Swap Reset [SC] Date: May 28, 2015 at 3:52:04 PM EDT EFTA00855554 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 February's 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). Please let us know if you have questions, Daniel From: Vahe Stepanian Sent: Thursday, May 28, 2015 3:39 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Rich- please confirm you agree with the below details of the monthly Twitter swap settlement. We will call Darren to verbally confirm wire transfer to DBAG London after receipt of your approval. DB Receives 1,529,290.08 USD Reset Date: 27-May-2015 Value Date: 01-June-2015 Interest: 4,290.08 Equity: 1,525,000.00 Note that the last reset date was 4/27/2015, and additional details are included on attachment (password will follow under separate cover). I've also included a Bloomberg screenshot with TWTR closing prices below for your convenience. Thank you, Vahe EFTA00855555 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454-1539 Mobile +1 347 854-4676 Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govem. 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If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and EFTA00855556 destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00855557