From: Vahe Stepanian Sent: 5/28/2015 3:38:30 PM To: Richard Kahn CC: Daniel Sabba Ariane Dwyer Paul Morris Stewart Oldfield Jeanne Brennan Subject: Monthly TWTR Swap Reset ISC) Attachments: 612676 - SF.DOCX Classification: Strict 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 DRAG 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 TWTR US At 14:59 S 37 Vol . 03 13 L867 990 1 36.49 to t Per k.“I Citron .• 37. 02 37.03 16 19 • 37.33 36.37 512.4SM Par 1/6 lbstor 0.01 Price I Sr 55.47 19/08/14 tow 31.75 on 06/02/14 ri Avor st00 43.2848 24,423,300 Net Slxs 3.73 9.561. R US Equity ficport Iwvr. 1. v,,,. Inc 0508/ AYH !,74 15128/A05 fl ni ro Ft — tate; Last ''''' tr 05/79/15 r 05/08/15 37.59 14.395,832 H 0471/715 50.66 16,676,896 Th 05/28/1S 37.00 13,834,808 III 05/07/15 37.71 21,258,764 11: 04/10/15 52.03 14,313,301 W. 05/27/13 36.41 14,463,568 We 05/06/1s 37.26 79,107,858 14e. 04/15./1.5 51.30 13,192,067 ' 10 05/26/15 36.51 13,068,502 tu 05/06/15, 37.42 22,605,023 its 04/.14/15 5120 12,231,640 Ilu t! 05/75/15 05/7;/15 36.60 rh, 9,861,815 , i 05/04/ v. 05/01/15 37.88 37.84 27.622.537 ft., 37,785,543 i t 04/13715 04 /10/1% 51.62 51.94 17.306,515 13,271.155 11, 05/21/15 36.68 17.447,682 En 04/30/15 38.96 46,651.477 1h 04/09/15 52.17 17,877,667 17.• 05/20/15 36.78 23,404,469 ell' 04/29/15 38.49 170,488,557.0. 04/7/(1713 52.30 22.368922 Its 05/19/15 3730 26,941,996 19 04/28/15 42.27 77,336412 19 04/07/1S 52.87 37,080,755 i i,, 05/18/15 37.28 11,237,346 EL, 04/ 417/15 51.66 23991,902 Slt, 04706/P. 50.84 14,539,680 Fr 05/15/15 37.10 16,799,060 >r 04/24/15 5022 14,896,860 r! 04/03/15 Th 05/14/15 37.33 14,259.607 Th 04/23/15 51.41 11,490,400 lb 04/02/15 50.42 13,423,909 140 05/13/15 37.72 14,075.331 We 04/22/15 51.73 11,479,493 s'ir • 04/01/15 50.47 24,299,197 Its 05/12/15 37.48 11.792.938 19 04/21/15 5132 8,461.283 ru 03/31/15 50.08 23.898,381 , . 0!,, t,/u, 37-31 12329,491 S-1O 04/20/15 51.40 11,004476 Ms 03730/15 49.89 20,365,393 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0045593 SDNY_GM_00191777 EFTA01358175