EFTA01385641

<image00 I .png> Cynthia Rodriguez Assistant Vice President Deutsche Bank Trust Company Americas I h WealthlhM n m From: Cynthia Rodriguez Sent: Monday, December 19, 2016 5:56 PM To: 'Richard Kahn' Subject: Butterfly trust Hi Rich, Hope all is well. Our compliance group is reviewing the recent update that was made to the beneficiaries of the Butterfly Trust, and they have a few questions regarding the trust: • <!--[if IsupportLists]--><!--lendifF->what is the purpose of this trust, as it is not cleared within the original trust agreement • <!--[if isupportlists]--><!--[endif]-->Based on the supporting documents provided, where in the trust agreement does it support the change of beneficiaries? • <!--[if Isupportlists]--><!--[endif]-->Why are the beneficiaries changing? Please provide guidance on the above questions, and revert back at your leisure. Thank you in advance for your help. Kind regards, Cynthia Rodriguez <image00 I .png> Cynthia Rodriguez Assistant We President Deutsche Bark Trust Company Americas Deutsche Asset & Wealth Mane ement CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0086947 CONFIDENTIAL SDNY_GM_00233131 EFTA01385641