EFTA01358373

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 trwrit US $ t 37.03 +.62 N37,02 /37.03K 16x19 At 14:59 Vol 13 867 990 0 36.49' 37.330 L 36.37D Val 512.48M Twitter Inc Range arkm vies Per CWrency a Hirsh Low f. 55.42 31.75 43.2898 24,423.300 3.23 X9.569 on on 10/08/14 06/02/14 I t 05/29/15 (:”..b.;4:3), 37.59 14,395,832 I; 04/1 // 5 SO.66 16,676,896 tit 05/28/15 37.00 13.834,808 Th 05/07/ 15 37.71 21,258,764 th 04/16/15 52.03 14,313,301 k. 05/27/15 36.41 14,463.568 -5, 05/06/ 15 37.26 29.107,858 './.. 04/15/1s 51.30 13,192,067 05/26/15 36.51 13.068,502. ru 05/1)5/15 37.42 22,605.023 I ti 04/14/15 51.20 12,231.640 It) 05/1S/15 t to 05/04/15 37.88 27.622.537 ft, 04/13/15 51.62 12.306,515 E. 05/2405 36.60 9,861,815 'v 05701/ 1T. 3784 37,785,543 t I 04/10/1% 51.94 13,771.255 th 05/21/15 36.68 17.447,682 Th 04/30/15 38.96 46,651677 th 04/09/15 52.17 17,877,667 Me 05/70/15 36.78 23,404,469 We 04/29/15 38.49 120,488,55/ MY 04/08/15 52.30 22.368,422 In 05/19/15 37.50 26,941,996 1u 04/28/15 42.27 77,336,612 1u 04/07/15 52337 37,080,755 It) OS/ 18/15 37.28 11.237,146 14n 04/77/15 51.66 23,991.902 Mt) 04706/15 5084 14,539/580 f-, 05/15/25 37.10 16,799,060 !E 01/24/15 50.82 14,896,860 r, 04/03/15 II+ 05/14/25 3733 14,259,607 Th 04/23/15 51.41 11,490,400 lb 04/02/15 50.42 13.423,909 05/13/15 37.72 14,075,331 We 04/72/15 51.73 11,479,493 WV 04/01/15 50.47 24,299,197 t i a 05/12/15 37A8 11,792,938 iu 04/21/15 51.32 8,461,283 Tit 03/31/15 50.08 73.898,381 05/11/15 3731 12,379,491 I In 04//0/1`, 51.40 11,004,476 tin 03/30/15 49.89 70,365,393 Vahe Stepanian CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0045967 SDNY_GM_00192151 EFTA01358373