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From: Valuations System I • Sent: 1/10/2014 1:03:35 AM To: • Amanda Kirby ; Gedeon Pinedo • oseph Cothron i; Paul Morris ;Tazia Smit ; Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL 11.0 as at 9 Jan 2014 - Request 182298 Attachments: 182298_20140109_20140110_1.pdf; 182298_201

From: Valuations System I • Sent: 1/10/2014 1:03:35 AM To: • Amanda Kirby ; Gedeon Pinedo • oseph Cothron i; Paul Morris ;Tazia Smit ; Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL 11.0 as at 9 Jan 2014 - Request 182298 Attachm

ment contact Valuations NY (Tel) (Email) valuations.nyttidb.com SOUTHERN FINANCIAL, LLC To: Gmail (Email) Gmail (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email oseph Cothron (Email) Fx Rates: USD/EUR = 7318768983 Am ands Virhy (Grand) ID,I1 &Annie /Grand) 29,1an 2014 Par 1 Of 2 Note:-All Value

Tel) (Email) valuations.nyttidb.com SOUTHERN FINANCIAL, LLC To: Gmail (Email) Gmail (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email oseph Cothron (Email) Fx Rates: USD/EUR = 7318768983 Am ands Virhy (Grand) ID,I1 &Annie /Grand) 29,1an 2014 Par 1 Of 2 Note:-All Values are shown from the D

-212-250-2600 (Email) SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) Harrybeller Gmail (Email) Richard Kahn12 (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email) oseph Cothron (Email Tazia Smith (Email) Amanda Kirby (Email) Paul Morns (Email) Fx Rates: USD/EUR = .7344031139 Note:-All Values are

N FINANCIAL, LLC To: Jabwcpa Gmail (Email) Harrybeller Gmail (Email) Richard Kahn12 (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email) oseph Cothron (Email Tazia Smith (Email) Amanda Kirby (Email) Paul Morns (Email) Fx Rates: USD/EUR = .7344031139 Note:-All Values are shown from the DB Group

Gmail (Erna:6 Harrybeller Gmail (Email) chard Kahn12 (Email) oseph Cothron (Email Tazia Smith (Email) manda Kirby (Email Gedeon Pinedo (Email) Vahe Stepanian (Email) Paul Morns (Email) 30,1d 2014 Page 1 Of 2 Fx Rates: USD/EUR = 7474979523 Note:-All Values are shown from the DB Group's point of view.

to this statement contact Valuations NY SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Erna:6 Harrybeller Gmail (Email) chard Kahn12 (Email) oseph Cothron (Email Tazia Smith (Email) manda Kirby (Email Gedeon Pinedo (Email) Vahe Stepanian (Email) Paul Morns (Email) 30,1d 2014 Page 1 Of 2 Fx Rates

ing to this statement contact Valuations NY (Tel) (Email) SOUTHERN FINANCIAL, LLC To: Jabwcpa .Harrybeller Richard Kahn Gedeon Pinedo (Email Vahe Stepanian (Email) .Joseph Cothron (Email) Tazia Smith (Email) Paul Morns (Email) Amanda Kirby (Email) Fx Rates: USD/EUR = 7787858728 Note:-All Values ar

aluations NY (Tel) (Email) SOUTHERN FINANCIAL, LLC To: Jabwcpa .Harrybeller Richard Kahn Gedeon Pinedo (Email Vahe Stepanian (Email) .Joseph Cothron (Email) Tazia Smith (Email) Paul Morns (Email) Amanda Kirby (Email) Fx Rates: USD/EUR = 7787858728 Note:-All Values are shown from the DB Group

ting to this statement contact Valuations NY (Tel) (Erna, SOUTHERN FINANCIAL, LLC To: Jabwcpa Harrybeller Richard Kahn .Gedeon Rnedo (Email) Vahe Stepanian (Email) .Joseph Cothron (Email Tazia Smith (Email) Amanda Kirby (Email) Paul Morris (Email) Fx Rates USD/EUR = .7939973798 Note:-All Values ar

Valuations NY (Tel) (Erna, SOUTHERN FINANCIAL, LLC To: Jabwcpa Harrybeller Richard Kahn .Gedeon Rnedo (Email) Vahe Stepanian (Email) .Joseph Cothron (Email Tazia Smith (Email) Amanda Kirby (Email) Paul Morris (Email) Fx Rates USD/EUR = .7939973798 Note:-All Values are shown from the DB Group