EFTA Document EFTA01433718

Subject: RE: RE: From: Denitsa Dimitrova Date: Thu, 12 Oct 2017 To: kcp markets Cc: Paul Vronsk My pleasure! Kind regards, Denitsa Petrova Vy Capital Management Company Limited Emirates Financial Towers South Tower, DIFC, P.O. Box Dubai, UAE Tel.: Mob: Email Email Disclaimer This email and any attachments are confidential. If you are not the intended recipient(s), you must not disclose, copy, distribute, rely upon or retain any part of the email or any attachments. In such event, please notify the sender immediately and delete the email and any attachments from your system. Vy Capital Management Company Limited is incorporated in the DIFC and regulated by the DFSA. From: Zack Tax [mailtolIIIIIIIIIIIIIIII On Behalf Of kcp markets EFTA01433718 Sent: Thursday, October 12, 2017 5:07 PM To: Denitsa Dimitrova Cc: Paul Vronsky Subject: RE: RE: Great thanks Denitsa! {cid:[email protected]} Zack Tax Key Client Partners Deutsche Bank Securities Inc. Deutsche Bank Wealth Mana ement New York, NY 10154 Email: kcp markets KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment in evaluating, the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DBSI or its affiliates prior to execution, and the execution of any transaction or idea discussed herein is conditional on your becoming a client of Deutsche Bank. Key Client Partners (KCP) products, investment ideas and solutions and related matters discussed herein are provided for discussion purposes only, EFTA01433719 and strictly on a non-advisory basis. The KCP Americas desk does not provide investment advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or redistribution thereof (in whole or in part) or disclosure of its content without our written consent is strictly forbidden. This communication does not create any legally binding obligation on the part of DBSI or any of its affiliates. From: Denitsa Dimitrova [mailto Sent: Thursday, October 12, 2017 5:13 AM To: kcp markets Cc: Paul Vronsk Subject: FW: RE. Dear Team, Reconfirming that a call is scheduled on Friday 13th October at 10:00 am EST. Kind regards, Denitsa Petrova Vy Capital Management Company Limited Emirates Financial Towers South Tower, DIFC, P.O. Box Dubai, UAE Tel.: Mob: + Email: EFTA01433720 Email Disclaimer This email and any attachments are confidential. If you are not the intended recipient(s), you must not disclose, copy, distribute, rely upon or retain any part of the email or any attachments. In such event, please notify the sender immediately and delete the email and any attachments from your system. Vy Capital Management Company Limited is incorporated in the DIFC and regulated by the DFSA. From: Denitsa Dimitrova [mailt Sent: Wednesday, October 11, 2017 11:25 AM To: 'Paul Barrett' < Cc: Paul Vronsky ; Alexander Tamas can iu jec Dear Paul, Friday 13th October at 10:00 am EST is confirmed. You can use below dial-in details: US number: (no pin required) Or web based(no download required): https://www.uberconference.com/tamas9 Kind regards, Denitsa Petrova Vy Capital Management Company Limited EFTA01433721 Emirates Financial Towers South Tower, DIFC, P.O. Box 506950, Dubai, UAE Tel.: Mob: Emai Email Disclaimer This email and any attachments are confidential. If you are not the intended recipient(s), you must not disclose, copy, distribute, rely upon or retain any part of the email or any attachments. In such event, please notify the sender immediately and delete the email and any attachments from your system. Vy Capital Management Company Limited is incorporated in the DIFC and regulated by the DFSA. From: Paul Vronsky Sent: Wednesday, October 11, 2017 1:54 AM To: Paul Barrett Cc: Denitsa Dimitrova Subject: Re: RE: Paul, Looking forward to speaking then. The initial call is meant as a high-level overview of the opportunity and the company, so we don't really have materials. We can dive more in-depth afterward. Thanks, Paul EFTA01433722 Paul On Tue, Oct 10, 2017 at 2:19 PM, Paul Barrett ‹ > wrote: Hi Denitsa Fri 10am EST works well. Will there be any materials to review prior to the call? Thanks Paul Paul Barrett Alpha Group Capital LLC New York, NY 10019 From: Denitsa Dimitrova [mai Sent: Tuesday, October 10, 2017 5:15 PM To: Paul Barrett <I IMIMIMI > Cc: Paul Vronsky Subject: RE: EFTA01433723 Dear Paul, It is a pleasure to meet you via email. Here are a few options for a call: Friday 13th October at 9:30 am EST or 10:00 am EST Tuesday 17th October at 8:30 am EST/ 9:00 am EST/ 9:30 am EST Please advise if any of these slots work for you. Kind regards, Denitsa Petrova Vy Capital Management Company Limited Emirates Financial Towers South Tower, DIFC, P.O. Box , Dubai, UAE Tel.: Mob: Emai Email Disclaimer This email and any attachments are confidential. If you are not the intended recipient(s), you must not disclose, copy, distribute, rely upon or retain any part of the email or any attachments. In such event, please notify the sender immediately and delete the email and any attachments from your system. Vy Capital Management Company Limited is incorporated in the DIFC and regulated by the DFSA. EFTA01433724 From: Paul Barrett [mailto: Sent: Tuesday, October 10, 2017 11:59 PM To: Paul Vronsk Cc: ; ; kcp markets Denitsa Dimitrova Subject: RE: Thanks Paul Barrett Alpha Group Capital LLC New York, NY 10019 From: Paul Vronsky Sent: Monday, October 09, 2017 4:50 PM To: Paul Barrett Cc: Denitsa Dimitrova Subject: Paul, ; kcp markets Vahe Stepanian referred us to you about a potential opportunity to invest in a special purpose vehicle managed by Vy Capital that is invested in SpaceX. EFTA01433725 In order to proceed, we need the attached Disclosure Letter and NDA executed. Please let me know if you have any questions about either. In addition, I've copied Denitsa at Vy so that we can work on arranging a call at your convenience to go over the opportunity. Please let her know your availability. Vy Space, L.P., is a Special Purpose Vehicle formed by Vy Capital Holdings Ltd to acquire, hold and distribute non-controlling investments in Space Exploration Technologies Corp. The current opportunity relates to the purchase of approximately $50,000,000 of SpaceX Series H Preferred shares issued in connection with the company's most recent round of equity financing at price of $135 per share. Based on a fully diluted share count of approximately 163 million, this purchase price implies a valuation of approximately $22 billion. The SPV's economics feature a 10% carry, 8% hurdle rate and 1% management fee for 4 years. Best regards, Paul Vronsky Partner, Vy Capital This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication EFTA01433726 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01433727