From: Stewart Oldfield Sent: 12/6/2016 2:16:58 PM To: Daniel Sabba Subject: FW: ISDA paper [I] classification: For internal use only Darlene tong original Message From: Richard Kahn (mailto sent: Tuesday, December 06, 2016 2:10 PM TO: Stewart oldfield Subject: ISDA paper attached is comment from Darren (legal) after review of docs: 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. S7S Lexington Avenue 4th Floor CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0070732 CONFIDENTIAL SDNY_GM_00216916 EFTA01375340