EFTA01457145.pdf

Classification: Confidential Good Morning Rich / Jeanne — Southern Financial needs to make a payment of USD 152,705.94 to DB today to settle the WTI short vol. trade. Please confirm its okay to make the payment and I will call Darren for verbal confirmation. Thank you, Vahe From: Vahe Stepanian Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — please find WTI short vol. settlement details: Index strike for 2Apr is 242.8579 Discount factor is 0.9994011 Southern Financial pays USD 152,705.94 to DB Settlement date: 7 Apr 2015 Thank you, Vahe From: Vahe Stepanian Sent: Thursday, April 02, 2015 3:00 PM To: Jeffrey Epstein Cc: Daniel Sabba; 'Richard Kahn'; Paul Morris; Ariane Dwyer Subject: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — today we unwound your DB Commodity WTI Short Volatility II Index position per your instructions. Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike ' [ Index closing level on Unwind Date — Index closing level on Last Reset Date ) * Discount Factor — Bid/Offer Cost If this number is negative, then SOFL will pay the absolute value of this number. Notional: $10,000,000 Strike: 255.8709 Last Reset Date: 31 Mar 2015 Index closing level on last Reset Date: 243.5748 Discount Factor: Discount factor between Unwind Date and next scheduled reset date (6/30/15), per LIBOR flat curve CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 116559 CONFIDENTIAL SDNY_GM_00262743 EFTA01457145