From: Richard Kahn < Sent: Tuesday, August 26, 2014 2:42 PM To: jeffrey E. Subject: Fwd: Southern Financial [C) attached are equity positions with unrealized gains =nd losses per vahe.. Richard Kahn HBRK Associates =nc. 575 Lexington Avenue 4th Floor Begin forwarded message: From: Vahe Stepanian Subject: =/b>Southern =inancial (C) Date: =/b>August 26, 2014 at =0:40:05 AM EDT To: =/b> Cc: =/b>rtM =br> Classification: =onfidential Rich - was looking at Jeffrey's equity positions in SFLLC account x804 today, and noticed he has sizeable gains given rally over last two =eeks. With SPX > 2,000, thought the following is worth pointing out in case Jeffrey may wish to take gains. Note the below is as of yesterday's =lose (8/25/2014). Positions I believe are worth =oting = AAL, AAPL, BIIB, FB, GILD, MBLY, SGMO, TWTR. Thank you, Vahe EFTA_R1_02175615 EFTA02719222

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