EFTA Document EFTA01431801

Subject: RE: meeting notes - Southern Financial [I] From: Bradley Gillin Date: Mon, 25 Sep 2017 17:21:08 -0400 To: Stewart Oldfield ‹ > Classification: For internal use only Added. From: Stewart Oldfield Sent: Monday, September 25, 2017 5:09 PM To: Bradley Gillin ‹ > Subject: meeting notes - Southern Financial Please add to DB force under Southern Financial and Paul S. Barrett/Alpha Group Capital. There should be a few in there already for SF 9/20/17 DB — Stewart Oldfield, Todd Stevens, Dan Kaiser, Xavier Avila, Martin Zeman, Josh Shoshan Southern Financial — Rich Kahn (CFO) and Paul Barrett (portfolio manager) Met to introduce DB team to Paul Paul opened his own RIA with Southern Financial as their initial client Discussed plans to trade SF LLC and STC accounts Will look at all asset classes Requires a great deal of coverage support from DB Will be a major ramp in trading once up and running EFTA01431801 More color below From: Martin Zeman Sent: Wednesday, Se tember 20, 2017 12:57 PM To: Paul Barrett ( ) < MIMMa.; Richard Kahn Cc: Xavier Avila ; Joshua Shoshan ; Daniel-E Kaiser ; Todd Stevens ; Stewart Oldfield >; Vahe Stepanian ; Davide-A Sferrazza clavicle- >: Liam Osullivan Subject: Great to meet you! Paul, Richard, It was a pleasure meeting you both this morning. As a follow-up, we will prioritize the ISDA re-activation so we can get going as soon as possible. In the meantime, we can start sending you trade ideas that we find interesting. Attached is a research piece Jim Reid (Deutsche Bank's most read analyst) published on Monday discussing where the Next Financial Crisis could come from. Clearly he doesn't agree with Nassim Taleb's black swan theory, but it's an interesting read. Follow-up items: Research access Flowchart for the rest of the team Electronic communications form Grid on pricing Equities pricing agreed: $0.04 per share EFTA01431802 Options $3.00 per contract (≥ $1 premium) $1.00 per contract (< $1 premium) We all look forward to working with you. Martin fcid:image001.gif@OlD259D5.3E2DFOF01 Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Securities Inc 345 Park Avenue, Tel. Mobile Email 10154-0004 New York, NY, USA KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment in evaluating, the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DBSI or its affiliates prior to execution, and the execution of any transaction or idea discussed herein is conditional on your becoming a client of Deutsche Bank. Key Client Partners (KCP) products, investment ideas and solutions and related matters discussed herein are provided for discussion purposes only, and strictly on a non-advisory basis. The KCP Americas desk does not provide investment advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or redistribution thereof (in whole or in part) or disclosure of its content without our written consent is strictly forbidden. This communication does not create any legally binding obligation on the part of DBSI or any of its affiliates. EFTA01431803 EFTA01431804