Deutsche Bank AG

Deutsche Bank AG eu sc e =an roup a ua ion a emen SOUTHERN FINANCIAL, LLC Request 182298 As of 10 Aug 15 Auk 2075 of 3 For Sales Inquiries Contact: Daniel Sabba (Tel) +1(2 Email) [email protected] For questions relating to this statema 1 Email) SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) ichard Kahn12 (Email) n,Hnw Clientservices (Email) Gedeon Pinedo (Email) lark Whyman (Email) ,Amanda Kirby (Email) [email protected] Monis (Email aniel Sabba (Ema Vahe Stepanian (Email) lane Dwyer (Email) Fx Rates: USD/EUR = .9107882873 Note:•All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, while a positive amount is one which Is In DB Group favour. The terms and conditions of each transaction are specified in the relevant trade Confirmation. Deutsche Bank Group (-OB") is providing the valuations set forth above as an accommodation to you solely for your own internal use. Unless expressly stated otherwise, valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. DB's economic assessment is typically derived all or in pan from model prices, external sources, market prices and/or DB's Internal books and records prices. Valuations may be adjusted to take into account market, liquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or pan of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always decline over time, as DB's appetite to unwind at a premium will generally decline over time. which will lead to lower valuations in the absence of changes in market conditions. Valuations, including those containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into with DB or the terms at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time. so that future valuations may be less favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based on different assumptions or calculated using other methodologies may also yield different results and any adjustments may not apply for the duration of the transaction or instrument Any subsequent valuations provided to you will almost certainly differ from this valuation. This difference can be less favourable to you, and due to the volatility of market conditions, the size or notional amount of the decrease or increase and other factors, the differential could be substantial. DB shall not be liable for any errors or omissions made in calculating or disseminating valuations, or for any inaccuracies or flaws in the methodologies, adjustments or assumptions. DB specifically disclaims liability for any losses or damages (incidental, consequential or otherwise) that may arise from valuations that are either used or relied upon by you or any other party for any reason including, without limitation, your use of valuations in preparation of your own financial books and records. Statement ID: 182298_20150810_20150811_1 EFTA01197464 Feu sc e an roup a ua ion ig SOUTHERN FINANCIAL, LLC Request 182298 As of 10 Aug 15 a emen Al II Aug 2015 Page 2 of Deutsche Bank AG SOUTHERN FINANCIAL, LLC Credit • Default Swap Trade ID Counterpart Trade Type Ref. Entity Trade Date Eft Date Maturity Date BuySell NotAmt 1 Not.Ccyt Not.Amt 2 Not.Ccy2 Rate Spread MTM(USD) C7970754M SOUTHERN CREDIT BRASOV FINANCIAL LLC DERIVATIVE. DEFSWAP 13,Jan-2015 I4-Jan2015 20Nar2020 SELL 10.000.000.00 USD 10.000.000.00 USD 1.0000 303 (837.672.70) Subtotal: (837,672.70) Equity. Option db Ticket Counterpaity Ref. Entity Put/ Call Expiry Date Not.Amt Not.Ccy Quantity Strike Price Spot Price Implied Volatility Fair Price MTM(USD) LN•6I8753 SOUTHERN LN_618753BU FINANCIAL LLC NYSI8176 SOUTHERN FINANCIAL.I1C CALL CALL 113•Dec.2015 (4.166.000.00) 274an.2016 3.896.620.00 USD (4.166.000) USD 100.000 1.0000 38.9662 29.5000 49.7398 1.331 (69.212.14) 131082.49 Subtotal: 63,870.35 FX• Opdons DealGrouplD Counterpart Trade Type Trade Date Maturity Date Settlement Not.Ccy NoLC,cy Date NotAmt 1 1 NotAmt 2 2 Long/ Short Option Style Put/ Cal Strike Price MTM(USD) 418822243' SOUTHERN FxEuto0pt 12.A*2014 834462396 FINANCIAL, LW 4971174981 SOUTHERN FxElro0pt 02,M2015 1037233558 FINANCIAL, LLC 497117498/ SOUTHERN FxElro0pl 02,1u1.2015 1037233559 FINANCIAL, LLC 497126993/ SOUTHERN FxEuro0pl 02,42015 1037255502 FINANCIAL, LLC 497126993/ SOUTHERN FxEuro0pt 02.,k42015 1037255503 FINANCIAL, LLC 12A4-2015 04.lan2016 04-Jan-2016 04-„lan2016 04-„lan2016 14Aug2015 75.000.000.00 USD 06.lan2016 50.000.000.00 EUR 06.lan2016 50.000.000.00 EUR 06.lan2016 25.000.000.00 EUR 06.lan2016 25.000.000.00 EUR (462.000.000.00) CNN (52.000.000.00) USD (58.200.000.00) USD (26.250.000.00) USD (28.912,500.00) USD SHORT SHORT LONG SHORT LONG EUROPEAN EUROPEAN EUROPEAN EUROPEAN EUROPEAN PUT PUT CALL PUT CALL 6.1600 1.0400 1.1640 1.0500 1.1565 0.00 (433.089.38) 334.33326 (265.159.06) 202,30134 Statement ID: 182298_20150810_20150811_1 Subtotal: (161.611.84) The valuation information set forth in this statement is provided subject to the terms and conditions set forth in the notes on the cover sheet EFTA01197465 eu sc e =an roup 'a ua ion a amen SOUTHERN FINANCIAL, LLC Request 182298 As of 10 Aug 15 11 Aug 2015 Page 3 Of 3 Deutsche Bank AG SOUTHERN FINANCIAL, LLC Equity- Swap DOM db Ticket Counterparry Ref. Entity Put/ Call Expiry Date NotAmt NoLecy NotAmt 2 Not.Ccy2 Strike Price MTM(USD) 612676 SOUTHERN 01•Feb20I6 (3.470.000.00) FINANCIAL. LLC USD 34.7000 521,088.19 Subtotal: 521.088.19 Statement ID: 182298_20150810_20150811_1 Total: (414.326.00) The valuation information set forth in this statement is provided subject to the terms and conditions set forth in the notes on the cover sheet EFTA01197466