From: Daniel Sabha Sent: 12/6/2016 2:27:18 PM To: Stewart 0ldfield Subject: RE: ISDA paper [I] Darlene Zong classification: For internal use only Hi - did he forget to attach a document? Just want to confirm so we get this all to legal at once. Thank you, Daniel original message From: Stewart oldfield sent: Tuesday, December 06, 2016 2:17 PM To: Daniel Sabba; Darlene Zong Subject: FW: ISDA paper (I] Classification: For internal use only Original message From: Richard Kahn ['panto Sent: Tuesday, December 06, 2016 2:10 PM To: Stewart Oldfield Subject: ISDA paper attached is comment from Darren (legal) after review of dots: Also, each of the four agreements in the section dealing with the "Effect of Termination" states that the respective rights and obligations of the parties under the ISDA or the Global Master Repurchase Agreement cease, except as provided in the ISDA or the GMRA. I would like to speak with someone to explain what is intended by that provision. what rights and obligations do they believe survive as set forth in the ISDA or the GMRA, with whom should I speak? please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062473 CONFIDENTIAL SDNY_GM_00208657 EFTA01369950



