From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <jeevacation((egmail.com> Subject: Fwd: Monthly TWTR Swap Reset [SC] Date: Mon, 01 Jun 2015 17:35:52 +0000 please advise if ok to pay settlement of 1,529,290.08 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York. NY 10022 Begin forwarded message: From: Ariane Dwyer To: Richard Kahn < >, Jeanne Brennan < Cc: Vahe Stepanian < Subject: RE: Monthly TWTR Swap Reset [SC] Date: June 1, 2015 at 1:14:03 PM EDT Hi Rich, I hope you had an enjoyable weekend. Can you please confirm you agree with the below details of the monthly Twitter swap settlement? Best, Ari From: Vahe Stepanian Sent: Friday, May 29, 2015 1:05 PM To: Richard Kahn Cc: Jeanne Brennan; Ariane Dwyer Subject: RE: Monthly TWTR Swap Reset [SC] [C] Classification: Confidential Per our middle office, the LIBOR rate used was 0.1843% and the number of days is 32 (from 4/30/15 to 6/1/15). Thank you, Vahe EFTA00690155 From: Richard Kahn [mailto: Sent: Friday, May 29, 2015 12:19 PM To: Vahe Stepanian Cc: Jeanne Brennan Subject: Re: Monthly TWTR Swap Reset [SCJ what was libor rate you used for interest calculation? thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 On May 28, 2015, at 3:38 PM, Vahe Stepanian < wrote: 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 <image002.jpg> Vahe Stepanian Assistant Vice President Key Client Partners Deutsche Bank Securities Inc. All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account EFTA00690156 statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. <612676 - SF.DOCX> This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00690157