EFTA Document EFTA01457165

Deutsche Bank AG e an raup SOUTHERN FINANCIAL LLC Fa Sales Inquirles Contact Daniel Sabba Tel For questions relating to Mis statement contact Valuations NV (Tel) SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) Richard Kahn12 (Email) vahe.stepanian@db.com.hlark Whyman (Email) .Hnw Criernservices (Email) Gedeon Pinedo (Email) >Amanda Kirby (Email) Paul Morris (Email) Vahe Stepanian (Email) Daniel Sabba (Email) Ariane Dwyer (Email) I0Apt 2015 Page 1 Of 3 Fx Rider USD/EUR = 9365488176 • 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 Confirmabon. 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 typicalty 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, ererbt 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 anpeilte 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 with DB or the terras at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time. so Mat future valuations may be Ins favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based an different assumptions or calculated using other methodologies may also yield different results and any adjustments may not apply for the duration of the transaction or instrument. Any subsequent valuations provided to you will almost certainly differ from Mis veluation. This differente can be less favourable to you. and due to the volatility of market conditions, the size or nobonal amount of the decrease or increase and other factors. the differential could be substanbal. DB shall not be lieble for any errors or omissions made in calculabng or disseminating valuations. or for any inaccuracies or flaws in the methodologies, adjustrnents or assumptions. DB specifically disclaims liability for any losses or damages (incidental. consequential or otherwise) that may arise from valuations 'hat are either used or relied upon by you or any other party for any reason including, without limitation, your use of valuations in preparabon of your own financial books and records. Statement ID 18229820150409 20150410 1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0116581 CONFIDENTIAL SDNY_GM_00262765 EFTA01457165