Subject: RE: land loan From: Jj Litchford Date: Fri, 06 Nov 2015 10:54:34 -0500 To: Stewart Oldfield Cc: Paul Morris In that vein—attached is the pipeline with 2015/2016 revenue columns added. The things I want to make sure we look at are "Estimated Month # 2015" and making sure the "actual revenue" and "BPS/Flat Fee" columns look accurate. {cid:[email protected]} JJ Litchford Associate Banker Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, 24th Floor New York. New York 10154 fcid:[email protected] From: Stewart Oldfield Sent: Friday, November 06, 2015 10:38 AM To: Jj Litchford Cc: Paul Morris Subject: FW: land loan Add this to the pipeline. Size is $100mm and spread is 6%. Probability is 25% by end of next year From: Stewart Oldfield EFTA01475565

Sent: Friday, November 06, 2015 10:29 AM To: Jason Stiles; Clint Gossage Cc: Ruth Rhei-Rencricca; Paul Morris; Jj Litchford Subject: land loan Guys, Great to see you yesterday, thanks for taking the time. Ruth did some more thinking about your land loan situation, and we may have a way to refinance it for you. Can you chat before 4pm NY time this afternoon or early next week? Hope all is well Stew Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue New York, NY 10154 blackberry Email Securities offered through Deutsche Bank Securities Inc. EFTA01475566