EFTA01456398.pdf

Deutsche Bank AG, London Branch 'leiinsbeet 13 January 2015 Commodity Index Swap I. General Terms Party A: Deutsche Bank AG, London Party B: Southern Financial LLC Trade Date: 13 Jennie,' 2015 Effective Date: 13 January 2015 Termination Date: 13 January 2016 Notional Amount USD 10.000.000 Reference Index: db WTI Short Volatility II USD Index Index Sponsor. Deutsche Bank AG. London Reference Page: Bloomberg ticker: DBCMWSV2 <Index> Index Strike: 255.8709 Index Fee: 0% per annum Business Days: Any day where banks arc open for general business in London andNew York City Businm Day Convention: Modified Following. (which shall apply to any date referral to herein that falls on a day that is not a Business Day) Initial Margin: USD 500,000; to be pledged by Party Bon 14 January 2015. 2. Tens of Swap Parts. A Index Roadie Amounts Floating Rate Payer: Party A Party A Floating Rate For each Calculation Period, an amount equal to the product of Notional Amount multiplied by the Initial Payer Calculation Amount: Index Value that applies to such Calculation Period divided by Index Strike. Party A Floating Rate For each Calculation Period, IWO Business Days after each Periodic Index Fixing Date falling at the end of Payer Payment Date(s): such Calculation Period. Party A Floating Amount: An amount determined by the Calculation Agent with respect to each Calculation Paled, equal to the product of Party A Floating Rate Payer Calculation Amount and Final Index Value / Initial Index Value ) Party B Index Floating Amounts Floating Rate Payer: Party 13 Party B Floating Rate For each Calculation Period, an amount equal to the product of Notional Amount multiplied by the Initial Payer Calculation Amount: Index Value that applies to such Calculation Period divided by Index Strike. Party B Floating Rate For each Calculation Period, tuo Business Days after each Periodic Index Fixing Date falling at the end of Payer Payment Date(s): such Calculation Period. Party B Floating Amount: An amount damnified by the Calculation Agent with i‘spat to each Calculation Period, equal to the product of Party LI Floating Rate Payer Calculation Amount and ( 1 + Bid/Offer Cog ) Bid/Offer Cost Will be determined by the Calculation Agent on the Termination Date or on the Optional Early Termination Date and will be between 1.00-1.50% under normal market circumstances. The Bid/Offer Cost only applies to the last Calculation Period. which ends on the Termination Date or on the Optional Early termination Date. It is zero for all other Calculation Periods. In case of an Early Termination Option exercised by Party A, the Bid/Offer Cost will be zero. Index Currency: USD Initial Index Value: In respect of each Calculation Period. an amount equal to the Index Closing Value on the Periodic Index Fixing Date falling at the start of such Calculation Period as determined by the Calculation Agent, except for the first Calculation Period where the Initial Index Value shall be Index Strike. Final Index Value: In respect of each Calculation Period, an amount equal to the Index Closing Value on the Periodic Index Fixing Date falling at the end of such Calculation Period as determined by the Calculation Agent. Index Closing Value: On any Business Day, an amount in the Index Currency equal to the Index Closing Value for the Reference Index, as published on such day by the Index Sponsor on the Reference Page. Calculation Period: Each period from and including a Periodic Index Fixing Date to and including the immediately following Periodic Index Fixing Date, except that (a) the initial Calculation Period commence on and include the Confidential: DBCMWS3'2 index smap*I'S.dcc Deutsche Bank AG is regulated by the FSA for the conduct of designated investment business in the UK, a member of The London Stock Exchange and is a limited liability company incorporated in the Federal Republic of Germany HRB No. 30000 District Court of Frankfurt am Main: Branch Registration No. in England and Wales BR000005. Registered address: Winchester House! 1 Great Wnchester Street London EC2N 2DB. Time of transaction will be supplied on request. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0115571 CONFIDENTIAL SDNY_GM_00261755 EFTA01456398