Activity Summary (continued) Cash Withdrawals Total Cash Totals Credits INsPetiod Debits This Period Net IbisPeriod CrtillteYette-Date Debits Year-to-Date NN Year-lo-Dale Transactions by Type of Activity Process Settlement Date Activity Type Securities Withdrawals and Deposits 03/31117 SECURITY DEUVERED AAPL Total Securities Withdrawals and Deposits - U.S. DOLLARS Dividends and Interest 03/01/17 CASH DIVIDEND RECEIVED WETF 03/24/17 CASH DIVIDEND RECEIVED GM 03/27/17 FOREIGN BOND INTEREST 539439A04 0.00 .1,132,731.96 .1,132'31.96 50.00 41,132,731 96 41,132,731.98 0.00 .1,132,731.96 .1,132,731.96 $0.00 41,132,731.96 41,132,731.96 $472,900.63 415,498,731.96 415,025,831.33 $1.599,940.72 415,588,006.96 413,988,066.24 Dexription APPLE INC COM 225180NCLIENTA/C603115.1 Quietly Price Accrued Interest Amount Currency -100,000.000 14,366,000.00 USD 03/27/17 BOND INTEREST RECEIVED 939336520 03/29/17 BOND INTEREST RECEIVED 27032906 03130/17 CASH DIVIDEND RECEIVED GILD 03131/17 MONEY MARKET FUND INCOMERECBVED PER232045 Total Dividends and Interest - U S. DOLLARS Distributions 03/29/17 SECURITY REDEEMED 27032906 Total Distributions - U.S. DOLLARS 9000 SHRS W 'EDON TREE INVTS INC COM RD 021E PO 031014 97525 SHRS GENERAL M TRSCO COM RD 03/1) PD03/2414 903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL TER ISECSISINSUS539439AG12 7.500% 04121/88 B/E DTD 04/071% CLB RD 03/1) PO 03/2111 490000 WASHINGTON MUT M TG SECS CORP 200 4-RA2 M TG PASSTHRU CTF CL C-B-1VAR RATE 6 297% 07125133 WE DTD 06/0104 RD 02/28 PD 03/25/11 EARTHUNK INC GTD SR NT FULLY EXCHANGED CUSP FROM 27032988 8.615% 05/1519 WEND 05/17111CLD ACCRUED INTEREST 890 SHRS GILEAD SCIENCES INC RD 031E PD 03/3014 DRITSCHEGOVT CASH 0.00 -14,366,000.00 1,200.00 USD 37,059.50 USD 35,681.25 USD 16905 85 USD 11.595 19 USD 4 212 00 USD 7 758.15 USD EARTHUNK INCGTD SR NT FOLLY EXCIIANGIED CUSP FROM 451,000.000 27032988 8.675% D516/9 B/E DTD 05/171110.0 CONFIDENTIAL - PURSUANT TO FED. R CRI6,1, P. 6(e) 0.00 114,111.94 358,788.69 USD 0.00 358,788.89 Page 14 of 19 CONFIDPMAL law/ Rated ( tallent ben, Year Sege 2C0/ DALBAR RATED COMMUNICATTONS txcittuia Clearlas through P.O.W. LUC a awe/ toned stinithory of Ow Barra Ns Ycelt Melba corporation (MY NNW) Ptrshint monSt. FINROAROYELGM-00046429 DB-SDNY-0009253 EFTA_00157038 EFTA01289401

Deutsche Bank P.O Box 1 7 76, Baltimore, MD 21203 Transactions by Type of Activity (continued) PTOCtSS Settlement Date Activity Type Cash Withdrawals and Deposits 03110/17 FEDERAL RINDSSENT USD999997 Total Cash Withdrawals end Deposits - U.S. DOLLARS Description M arch 1,2017 - M arch 31,2017 SOUTHERN FlNA NCIAL LLC Ouantily Prim Aodued latarig Amount Cunenq DEUTSCHE BANK TRUST -1,132,731.96 USD 0.00 4,132,731.96 Total Value of Transactions The price and quantity displayed may have been rounded. Cash Not Yet Received 0.00 -15,025,831.33 USD Security Record Date Payable Dale Quaky Held Rate Dividend Option Amount of Payment Dividends GaiERAL ELECTIM CO COM VIACOM INC NEW CID 02127117 0311511? 04(2511? 04(0311? 23.000.000 5,000.000 0.240000 0.200000 Cash Cash 5,520.00 1.000.00 Total Cash Not Yet Received 56,520 00 Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the information. CONFIDENTIAL — PURSUANT TO FED. R CRIM, P. 6(e) Page 15 of 19 CONFIDOWAL-4 Wed ficellent her Yen Acre 2C0 DAUM RATED COMMUNICATORS MELLING( Owl** through Pesti{ Lit. a Mr" anal starry of tlw Bank of Nim York Ateltiv Corporation0NY MS) 00046430 Ptrshine 1.1C. merit. ontoefiRtiieGM_ DEI-SDNY-0009254 EFTA_00157039 EFTA01289402

Fixed IncomeAnalysis Bond Quality Bond Nobly A BAA BAI Lower Not Rated Total %ol8ond Mattel Value Merit Value 2,425,792.50 13% 8,511,250.00 44% 7,539,887.80 40% 502,261.37 3% Bond Maturity Schedule Percent of Find Income Bond MalurNy pi* 16979,191.67 100% 0 20 40 60 80 100 Mike Value Sof Band Merkel Value 6 tot) years 314,775.00 2% Over 10 years 18,884,416.67 98% Total 18,979,191.67 100% Percentages of bond market values are rounded to the nearest whole percentage. Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. Bonds that are in default are not included. Client Service Information Your Investment Specialrd • ENJ Contact Information JOSHUA SHOSHAN 280 PARK AVE- 3R0 FL NEW YORK NY 10 017 Your Account Information Telephone Number: TAX LOT DEFAULT DISPOSITION METHOD Default Method for M utual Funds: FIRST IN FIRST OUT Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT Default Method for all Other Securities: FIRST IN FIRST OUT BOND AMORTIZATION ELECTIONS Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Constant Yield Method Include market discount in income annually: No ELECTRONIC DELIVERY You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment Specialist for more information. CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) C0NFIDOMPAL armee Rated (scant fray Year Sffice 2001 DALIAR RATED COMUNICATTONS orcatura Page 16 of 19 Cleating through Pershing 1.1.C, a abaft toned stinicliary of the Barka Now Yak Melba Corporation (any Mellon) P.:talent Lit meats FINRAMOYBILGISUM 46431 DB-SDNY-0009255 EFTA_00 157040 EFTA01289403

a Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Important Information and Disclosures M arch 12017 - March 31,2017 SOUTHERN FINANCIAL LLC The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. • Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. • Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents. the acceptance and, in certain instances, execution of securities orders.the assessment of the suitability of those transactions. w here applicable. the rendering of investment advice. if any, to you and in general, for the ongoing relationship that it has with you. • Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413.3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. • For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. • Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection. Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability. • This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement. to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. • Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted Important Arbitration Disclosures • All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by Jury, except as provided by the rules of the arbitration forum in which a claim is filed • Arbitration awards are generally final and binding:a party's ability to have a court reverse or modify an arbitration award is very limited • The ability of the parties to obtain documents. witness statements and other discovery is generally more limited in arbitration than in court proceedings. • The arbitrators do not have to explain the reason( s) for their award. unless, in an eligible case. a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. • The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. • The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court • The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied: (II) the class is decertified: or Page 17 of 19 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFID Rated twine% bay Yee. Sect 2001 DA Wt PAM) COWAUNICATTOP6 mama Cleating through Peal% LUC, Sway owned att." old* Banta New Yak Mellon Corporation OW( Mellon M_00046432 Ptrshine 11C. rnendx. FIN AW Se& RA. DB-SDNY-0009256 EFTA_00157041 EFTA01289404

Important Information and Disclosures (continued) Important Arbitration Agreement (continued) (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LI_C, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399: Page -.8 of 19 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDWITAL Inge Rated (salient tan Year S.ritt 200/ DALBAR RATED C0MMUNICATi0t6 aciatna Cleating through hilw{ LLC.a wavy owned stiniclian of ft BOSCO Now Ycelt Melba Corporation (INY Mellon) holing 11.C. not. FINRAWM_00046433 DB-SDNY-0009257 EFTA_00157042 EFTA01289405

TERMS AND CONDMONS TRANSACTIONS • ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED, OR IF APPLICABLE. OF THE FNANCIAL INDUSTRY REGULATORY AUTHORITY ANO TO ALL APPLICABLE LAWS AND REGULATIONS. • TITLE TO SECURITIES SOLO TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL SHALL REMAIN WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT DATE. WHICHEVER IS LATER. • YOU MAY HAVE RECEIVED CONFIRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR STATEMENT. IF SO, THE TRANSACTIONS WILL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. THIS IS ESPECIALLY TRUE IF YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED. FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S BOOKS OF RECORD. ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS. DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES II YOUR ACCOUNT APPEARS ON THE STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE FROM TIME TO TIME DUE TO FLUCTUATIONS IN MONEY RATES OR OTHER REASONS. INTEREST IS COMPUTED AS DESCRIBED 14 MATERIAL PREVIOUSLY FURNISHED TO YOU. PLEASE CONTACT YOUR FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPES. MARGIN INFORMATION: IF YOU MAINTAIN A MARGN ACCOUNT. THIS IS A COM3NED STATEMENT OF YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MANTANED FOR YOU UNDER REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT RECORD OF THE SEPARATE Aren INT AS REQUIRED BY REGULATION T IS AVALABLE FOR YOUR NSPECTION UPON REQUEST. TAX INFORMATION • AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATION TO THE INTERNAL REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITES AT THAT TIME PERSHING WILL PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU; USE THAT STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. • DIVIDENDS. MEREST NC OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED AS TAXABLE OR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION DATE. THIS n ASSFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS GENERAL INFORMATION. • PERSHING DOES NOT PROVIDE TAX, INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE ASSOCIATED WITH PERSHNG IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY SUCH ADVICE. IF GIVEN. INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS. GENERAL INFORMATION • WHENEVER YOU ARE NDEBTED TO PERSHING LLC (*PERSHING') FOR ANY AMOUNT, ALL SECURITES HELD BY IT FOR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR LIABILITIES TO PERSHING. AND PERSHNG MAY IN ITS DISCRETION AT ANY TIME. WITHOUT TENDER. DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR PRIVATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS: ANY BALANCE REMAINING DUE PERSHNG TO BE PROMPTLY PAID BY YOU. • WHENEVER YOU ARE NDEBTW TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR YOUR ACCOUNT ARE OR MAY BE WITHOUT FURTHER NOTICE TO YOU. LOANED OR PLEDGED BY PERSHING. EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WLL PERMIT THE COMMINGLING THEREOF, WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN. EQUAL TO OR GREATER THAN YOUR LIABLMES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT PROHIBITED BY LAW. • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET WIKER, SPECIALIST, ODD LOT DEALER. BLOCK POSITIONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME OF ANY TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED. • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR FNANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS AVALABLE UPON REQUEST • A FINANCIAL STATEMENT OF PERSHING IS AVALABLE FOR YOUR PERSONAL NSPECTION AT PERSHING'S OFFICES. A COPY OF IT WILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN VIEW IT ONLINE AT WWW.PERSHING COM. • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWVV.PERSHING.COMODISCLOSURES • THIS STATEMENT SHOULD BE RETANED FOR YOUR RECORDS. PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES [REGULATION NMS- RULE 807(AX1)-(2)] PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION NETWORKS, OR BROKER-DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE ACCESS FEES TO PERSHING DEPENDING UPON THE CHARACTERISTICS OF THE ORDER AND ANY SUBSEQUENT EXECUTION. THE DETAILS OF THESE PAYMENTS AND FEES ARE AVAILABLE UPON WRITTEN REQUEST. PERSHNG RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY AND OPTION ORDERS TO ITS AFFILIATE13NY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL COMPENSATION IS GENERALLY IN THE FORM OF A PER OPTION CONTRACT CASH PAYMENT. BEST EXECUTION: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER FLOW, PERSHNG SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER.THE. COUNTER AND EXCHANGE-LISTED SECURITES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS. TRANSMITTED ELECTRONICALLY UP TO A SPECFIED SIZE. AND TO EXECUTE THEM AT OR BETTER THAN THE NATIONAL BEST BID OR OFFER (M380). ON CERTAIN LARGER ORDERS, OR F THE DESIGNATED MARKET CENTERS DO NOT MAKE A MARKET N THE SUBJECT SECURITY. PERSHING DIRECTLY CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH QUALITY OF THER EXECUTIONS IN ONE OR MORE MARKET SEGMENTS AND THEIR ABILITY TO PROVIDE OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPERIOR TO THE N880. PERSHNG ALSO REGULARLY REVIEWS REPORTS FOR QUALITY OF EXECUTION PURPOSES. F ANY OF THE ABOVE TERMS AIM CONDITIONSARE UNACCEPTABLE TO YOU. REASE NOTIFYPERS-ONO IMMEDIATELY IN WRITING BY CERTFED MAIL TO ONE PERSHNG PLAZA JERSEY CITY, NJ 0TM, ATTN. LEGAL DEPT CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) CONFIDWFAL ••••• Page '9 of '9 RAW hcelk, t Every YtArSoce 200/ DALBAR RAI ED COMMUNICATIONS LXCLUANCE Elwin through Ponta,. LLC. • Wafttoned pAnkliaryolthe Bark 04 Wig Yak Meta ComontIon (MY NNW Nonage L1C.rnend. FINFLASPOYELGM_00046434 DB-SDNY-0009258 EFTA_00157043 EFTA01289406

PA Deutsche Bank P.O. Box 1776, Baltimore, MD 212O3 Deutsche Sank Securities Inc. Boston Office 1 International Place, 12th Floor Boston Toil Free' Direct: February 1, 2017 - February 28,2017 Account Number: SOUTHERN FINANCIAL LIS 6100 RED HOOK QUARTER B3 ST THOMASVI 00802 Portfolio Glance at a This Period YeLto-Die Your Client Advisor. BEGINNING ACCOUNT VALUE 5120,048,819.23 5117,089,956.26 JOSHUA SH OSHA N Adjusted Previous Account Value 120,048,619.23 117,069,956.26 Dividends, Interest and Other Income 628,481.83 647,054.71 NM Other Aclivity 0.00 -25.00 Net Change in Portfolio 8,340,415.08 11,300,530.17 Egillea._aaffing l i Awed Interest $261,392.44 Estimated Animal Income $3,156,676.15 Asset Summary • Percent Meet Typo 13% Cash, Money Funds, and Bank Deposits 15% Axed Income 70% Equities Egii 2% Exchange-Traded Products 100% Account Total (Pie Chart) Please review your allocation periodically with your Client Advisor. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CON FID gifrA L PSI Yeirad Lad Period This Period 15.864.445.94 16.273.707 94 16,902,111.03 19,233,099.80 19,197,561.56 19,417,180.17 79,000,010.52 81,585,149.73 69,655,524.94 2,972,400.00 2,992,200.00 3,042,600.00 $117,069,956.26 $120,048,619.23 $129,017,516.14 •••••• Raw ballast Inn, Year lace 2CO/ DAL BAR RAM) COMMUNICATIONS (music Page 1 of 17 Glowing VVOUgh Penang ILC. a winaluearned staandiwy OneBart a New Pak Mae corporation (Mu Mallon/ Paging liC.mentet FINRA.AW ”Wril—Ow46435 DB-SDNY-OOO9259 EFTA OO157O44 EFTA01289407

Summary of Gains and Losses Antal This Period Year-to-Date 190627.50 100,627.50 Wreaked Lone-Term Gain! Loss Net Gain! Loss This summary excludes transactions where cost basis information is not available. Money Market Fund Detail 462.20 462.20 20 687 904.36 20,687,904.36 Date Activity Type Desattion Amount Mance Sweep Money Market Fund DEUTSCHE GOVT CASH INSTL Current Yield: 0.48% Activity Ending: 0 2/ 2 8/ 17 02/01/17 Opening Balance 16,273,707.94 18,273,707.94 02103/17 Deposit MONEY FUND PURCHASE 93,750.00 16,367,457.94 02108/17 Deposit MONEY FUND PURCHASE 2126 16,367,479.20 02/13/11 Deposit MONEY FUND PURCHASE 47,500.00 16,414,979.20 02/18/17 Deposit MONEY FUND PURCHASE 34,196.72 16,449,175.92 02111117 Deposit MONEY FUND PURCHASE 235,980.00 16,685,155.92 02/21/17 Deposit MONEY FUND PURCHASE 89,250.00 18,774,405.92 02128/17 Deposit MONEY FUND PURCHASE 3,213.76 16,777,619.68 02/28/17 Deposit INCOM E REINV EST 6,170.70 16,783,790.38 02/28/17 Closing Balance $16,783,790.38 Total All Money Market Funds $16,783,790.38 Income and Expense Summary Taxable Onrent Period Non Taxable Triable Yem4o-Dito Non Triable Dividend Income Equities 283,480.00 0.00 292,310.40 0.00 Money Market 6,170.70 0.00 12,525.80 0.00 Other Dividends 89,250.00 0.00 89,250.00 0.00 Interest Income Bond Interest 96,963.76 0.00 100,351.14 0.00 Other Interest 34,196.72 0.00 34,196.72 0.00 Expenses Fees( Foreign Securities) 0.00 0.00 .25.00 0.00 Total Dividends, Interest, Income and Expenses $510,061.18 $0.00 $528,609.06 $0.00 Distributions Alternative Investments 0.00 118,420.65 0.00 118,420.65 Total Distributions $0.00 5118,420.65 $0.00 $118,420.65 Page 2 of 17 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDMVAL-41 Rated (aka bay Veer Since 2001 OM AR RAMO COMMUNICATIONS comma Clearing through Peal% LUC, abaft owned sticliwy of TM Barra New Yak Melba CoMotationaNY Mellon) Pennine 11C. monto FINRA.Wallt 00046436 DB-SDNY-0009260 EFTA_OO157C45 EFTA01289408

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Portfolio Holdings Opening Cote CASH, MONEY FUNDS, AND BANK DEPOSITS 13.00% of Portfolio Cash Balance 0.00 118,420.65 Money Market DEUTSCHE GOVT CASH INSTL 02101/17 16,783,790.380 N/A 02/28/17 16,273,707.94 16,783,790.38 Total Money Market $16,273,707.94 $16,783,790.38 TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $16,273,707.94 $16,902,211.03 ,ebruary 1,2017 - February 28,2017 BOUTHERN FINANCIAL LLC Amount Adfrity opening Caning Amend Income 30-ay Oared Queetky Number Biding Blase Blame Income Misled Yield Yield Cole liondred FIXED INCOME 15.0 0% of Portfolio (In Maturity Date Sequence) °Asset Backed Securities WASHINGTON M UT N TG SECS CORP 2004•RA2 Security Heebner 939336520 V TG PASSTHRU CTFCL 041 VAR RATE 6.297% 07125133 WE DID 0610104 Factor: 0.47323131 Eked he Dale:02/0 /I Current Face Value: 613,469.015 12/13/13 ' •3.4 1,290,000.000 76.5190 467.122.40 85.1200 519,631/4 $2,508.84 2,883.32 Original Cost Basis: $638,906.71 Total Asset Backed Securities $467,122.40 $519,631.24 $52,508.84 12,803.32 $0.00 1,290,000.000 Total Current Face Value:610,469.035 Corporate Bonds EARTHLINK INC GTD SR NT FULLY EXCHANGED Security Identifier:2703211M CUSP FROM 27032%488 8.675% 05/ 619 WE OTD 05/17111CALLED 03/29117 10/23112 '.3'4 351,000.000 102.2510 358,902.74 102.6000 360,126.00 1,223.26 8,91212 31,151.25 815% Original Cost Basis: $362,407.50 13ARCLAYS8K PLCCONTINGENT CAP NT Seakily Identifier: 06739FHKO ISMS U906739DIK037.750% 04/0123 WE OTD 041019 CALLABLE 0411311158 P Rating 88. 04/03/13'•12° 300,000.000 100.0000 300,000.00 105.1250 315.375.00 15375.00 8.912.50 23.250.00 7.37% Quantity Unit Cod 0.00 12,525.80 $0.00 $12,525.80 $0.00 $12,525.80 0.49% 0.48% Adjusted Unrealized Aeaued Estimated Estimated Cad Bade Market Pike Market Value Gekiftess lutenist Annual Income Yield CONFIDENTIAL — PURSUANT TO FED. R CRINI P. 6(e) CONFIDWFAL ••••• Rated httlket Even Year SoKe 200/ DALBAR RA TED COMMUNICATIONS (XCOJANCE Page 3 of 17 Clearlas through P.O.W. LAC, Sbaly toned att." of Ow Barka Now YM Melba CoMotation (MY WIWI Pas him LIC. mote. FINIto,MtlYeLelt00046437 CBSDNY-0009261 EFIA_00157046 EFTA01289409

Portfolio Holdings (continued) Dale Acquired FIXED INCOM E (continued) Corporate Bonds (continued) BARCLAYS BK PLC CONTINGENT CAP NT (continued) Quantity Unil Cost Adjusted Cost Basis Markel Price Maket Value Unrealized GainItoss 811 ORGAN CHASE 8 CO DEP SHSREPSTG It TH PFD SER 'FIXED TO RTG RT BD 7900%04/29/49B/EDT° 04/23/08m oody Riling 13.44398 P Rating BBB- 06/15/11 ..3 12 2,500,000.000 107.5000 06115111 . •" 2 2,500,000.000 107.0000 Total Noncovered 4000.000 000 Total 5,000,000.000 BANK AM ER CORP PERP NON COM ULATIVE DEP SHS FIXED TO FLOAT 8.459E 04130/588/E DTD 04130/08 CALLABLE 051818M oody Rating BA2 St P Rating EtB, 01/10/11'J° 2.000.000.000 102.7500 SOUTHERN CAUF EDISON CO PREF SER E 6.250%011/62 BIEOTO 0117112 CALLABLE 02101122 Q 130 000M oody Rating BAA1 S8 P Rating BBB- 01130712 ' 's-II 3,000,000.000 99.8590 GENERAL ELEC CO GTD FXD-TO-FLTGRT NON-CUMULATIVE PERPETUAL PREFERRED 4.000% 12/03/65 REG Die 2/031EMo-ody Rating A3 S8 P Rating A 12/03/15 2.469.000.000 88.0930 5LLOYDSBANKING GROUP RC FXD RATE RESET AD DI. TIER 1SECS 'SIN* VS5394394042 7.500% 04127/88 B/E DTD 04101/14S 8 P Rating 68- Please Piovide ' 1,903,000.000 N/A Original Cost Basis: SØ0.000 00 Security Identifier. 46625HHA1 2.687.500.00 104.0000 Original Cost Basis: 52.687.500.00 2,675.000.00 104.0000 Original Cost Basis: 52,675,000.00 5,362,500.00 $5,362,500.00 Security Identifier. 060505078 2.055.000.00 104.7500 Original Cost Basis: 52,055,00000 Securely Ideal ifier: 842400 FU2 2,995.763.56 110 5250 Original Cost Basis:62,992.564.97 Securely Identrtiet359604BM4 2,175,016.17 99.5000 Original Cosl Basis: $2.25n8.17 Securely Identifies 539439A04 Please Provide 106.1310 Original Cost Basis: Please Provide 2,600,000.00 2,600.000 00 5,200,000.00 55,200,000.00 2.095.000.00 3.315.750 00 2,456,655.00 2.019.672.93 Accrued Estimated Stalled Interest Annul Income Yield -87,500.00 61.736.11 197,500.00 7.59% -75,000.00 64,736.11 197,500.00 759% -162.500.00 129.472.22 395.000.00 4162,500.00 $129,472.22 $395.000.00 40.000.00 46.493.06 162.500.00 7.75% 319,986 44 14,062.50 187,500.00 5 65% 281,638.83 20,026.33 98,760.00 4.02% N/A 24.183.96 142.725.00 7.06% Page 4 of .7 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDg Rated («ellent (rev Year S.rce 20C1 DAMAR RA TED COMMUNICATIONS DICtll (NCI CloarIng Ibrough NS" LK owned ~Wry elfinBank a New Yak MOW Corporation (eta ~lee) M_00046438 knit« lIC. men«. FINRA.RWR! Sit& DB-SDNY-0009262 EFTA 00157047 EFTA01289410

Deutsche Bank P.O Box 1 7 76, Baltimore, MD 21203 Portfolio Holdings (continued) Dale Acquited FIXED INCOME(continued) Corporate Bonds (continued) CITIGROUP INC FAD RT SR NT PERP DEP RECPT 5.950% 061548 B/E DTD 081413 CALLAKE0816/20 130.000M oody Ration 8A2 S8 P Rating 88+ 08/06115 3,000,000.000 100.0000 February 1, 2017 - February 28, 2017 SOUTHERN FINANCIAL LLC Nudity LM Cod Total Corporate Bonds 18,023000.000 Adjusted Cost Pais Maiket Price Securely Identifier 17296725 3,000,006.00 104.4990 Original Cost Das 53,000,006.00 616,247,188.47 Market Vale 3,134,970.00 $18,697,548.93 Junealized Gainiloss Accrued Estimated Eslimated lateral Annual Income Yidd 134,984.00 6,445.83 178,500.00 5,69% $630,687.53 5258,509.12 $1,219,386.25 TOTAL FIXED INCOME 19,313,000.000 Date Acquied ComedIty Vol One EQUITIES 70.00% of Portfolio Common Stocks II °BREVE NV AM STELVEEN ORO SHS MINA N10013831361 Dividend Oplion: Cash 08/01114 800.000 25.0000 ADVERUM BIOTECIINOLOGIESINC COM Dividend Oplion: Cash 04/20/15 10000.000 39.8610 AKORN INC COM Dividend Oplion: Cash 06/10/15 5,000.000 46.8410 ALIBABA GROUP tILDG LTD SPONSORED ADS ISN/USISO9W927 Dividend Oilier Cash OM 0/15 5.000.000 616,714,310.67 Colt Bade Sham Price Securky Modifier: MBLY CUSP. 115118810 20,000.00 45.5200 Seco lily Wenl Wier ADVM CUSIP 00773U18 398.606.00 2.6500 Secarity Identifier: AKRX CUSP. 00972816 234,206.00 20.8100 Secality Identifier: BMA CUSP: 0509W12 88.9500 444,749.00 102.9000 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) $19,417,180.17 Medd Value 36.416.00 26.500.00 104.050 00 514.500.00 $683,196.37 $261,392.44 $1,219,386.25 Uncoated Garbs 16,416.00 -372,106 00 ,130,156.00 69)51.00 Moats Muted Annulmom Yield Page 5 of 17 CONFIDWFAL4 Rated twellat Cron Yew Since ICO / DAL/AR PAM COMUNICATiONS accatria Cleating through Pershing LLC,a Sbaly mend WNW*/ of tlw Bark a Now Yak Melba Corporation (atly PASO Poshaft 11.C. meats FinlitASWELGOL00046439 DB-SDNY-0009263 EFTA_00157048 EFTA01289411

Portfolio Holdings (continued) Date Acquired Quantity Unit coe, Cost Bade market mice ECU IT I ES (continued) Common Stocks (continued) ALLIANZ SE SPONSADR REPSTG Y9 SHS Dividend Oplion: Cash Securely Identifier: AZSEY CUSP 0180521 04/13/15 5,000.000 18.0110 90.056.00 17.4100 APOLLO GLOBAL M GM T LLCCL A SHS Dividend Oplion: Cash Stonily Identifier: APO CUSP 03762306 03/29/11 ".13 263.157 000 19.0000 4.999.983.00 22.7400 APPLE INC 0011 Dividend Oplion: Cash Security Ideoldier.AAPL CUSIP: 03783320 10/28/13 3 14,000.000 75.5800 1,058,120.50 136.9900 09105114 124,180.000 98.9500 12,287.615.97 136.9900 09105114 3 7.200.000 98.9500 712.140.29 136.9900 09/05/14' 18,620.000 98.9500 1,842,449.74 136.9900 01/11/16 250,000.000 99.0000 24,750,006.00 136.9900 Total Covered 111,000.000 Total 114,000.000 ASCENA RETAIL GROUP INC COM Dividend Oplion: Cash 40,650,632.50 $40,650,632.50 Sydney Idenlifier. ASNA CUSP 0435E91 01/16/01'3 70.500.000 21.2770 1.500.000 00 4.6000 BASF SE SPONSADR ISM USO 552625057 Dividend Option: Cash Securely Identifier: BASFY CUSIP. 055262505 01/13/15 5,000.000 101.6110 508,056 00 93.1900 BANK OF NEW YORK M MON CORP COM Dividend Oplion: Cash Security Identifier. BK CUSP. 06405820 06/25/14 250,000.000 36.3060 9,076,406 00 47.1400 BIOGEN IDEC INC CON Dividend Oplion: Cash Security Identifier. 0118 CUSP. 09062X1D3 02/14/12 '.0.13 2.095.000 109.8760 230.190 90 288.6000 BIOVERATIV INC CON Dividend Oplion: Cash Security Identifier: 91W CUSP 09075E130 02/14/12 1,047.000 19.3450 20,251 38 52.0800 CENTENE CORP DEL CON Dividend Oplion: Cash Security Identifier: CNC CUSP. 15259171 09/08/14 15,550.000 63.6450 989,679 75 70.5000 Market Value 87.050.00 5,984,190.18 1.917.860.28 17,011.418 15 986.327.75 2.550.754.06 34.247.499.76 56,713,860.00 $56,713,860.00 324.300.00 465.950.00 11,785.000.00 604.617.00 54,527.76 1.096.275 00 Untaxed Gainrises -3.006 00 984.207.18 859,739.78 4,723,802 18 273.887.16 708,304 32 9,497,493.76 16,063,227.50 316,063,227.50 -1.175.700 00 .12,106.00 2,708,594.00 374.426.10 34,273.38 106,595 25 Estimated Eslirealed Annual Income Yield 2,955.54 3.39% 373.682.94 624% 31,920.00 1.66% 283,130.40 1.66% 16,416.00 1.66% 42,453.60 1.66% 570,000.00 1.66% 943,920.00 3943,920.00 12,163.55 2.61% 190,000.00 1.61% Page 6 of 17 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDg Raked («elk" (rev Yew S.rce 2CC/ DALBAR RATED COMMUNICATIONS DICCLUNCI Closing Ibrough Pesbirs LLC. a Swat owned ~Wiry of OwBank a New Yea Meibri Ca•PontIon(lIta Mallon) Ptrs ~ hirclIC. . FINRA.AWRi DB- SDNY-0009264 M_00046;140 EFTA 00157049 EFTA01289412

Deutsche Bank PO Box 1776. Baltimore, MD 21233 Do tie' o uolcirngs (continued) February 1,2017 - February 28,2017 SOUTHERN F1NA NCIAL LLC Oils Aconites' Nudity Unit Cod Cod Basis Market Price Market Vali:. Unrealized Pin Lon Estimated Edimaled Annual Income Yidd EQUITIES (continued) Common Stocks (continued) DISH NETWORK CORP CL A Dividend Oplion: Cash Security Identifier Mai CUSP 254701409 06/10/15 5,000.000 72.9960 364,978.00 62.0000 310,000.00 -54,978.00 FACE800K INC a A Security !dearer Dividend Oplion: Cash CUSP 303031102 05117112 '.73 17.500.000 38.0000 665.000.00 135.5400 2.371.950.00 1.706.950.00 FOUNDATION MEDICINE INC CON Security Identifier. FM I Dividend Oplion: Cash CUSP:35046500 01/13/14 25.000.000 27.5070 687,663.50 24.8000 620,000.00 17.663.50 08/05/11 21.830.000 23.2530 577.373 02 21.8000 615.781 00 38110 98 Total Covered 19,830.000 1.265.036.52 1,235,784.00 -29,252.52 Total 49,830.000 $1,265,036.52 51,235,781.00 429.252.52 $0.00 GENERAL ELECTRIC CO COM Security Identifier. GE Dividend Oplion: Cash CUSP. 36960403 04123113'13 23,000.000 21.5700 496.109.08 29.8100 685,630.00 189,520.92 22,080.00 3 22% GENERAL M TRS CO COM Security Identifier GM Dividend Oplion: Cash CUSP 37049/00 11/18/10' 10.988.200 36.4010 399.978.16 36.8100 104.805.30 1.827.11 16,702.06 1.12% 12109110' 86,536.800 36.8160 3,185,969.22 36.8400 3.188.015.70 2,046.48 131,535.91 4.12% Total Noncovered 97,525 000 3,585,947 38 3,592,821.00 6,873.62 148,238.00 Total 97,525 000 53.585.947.38 53,592,821.00 $6,873.62 $148,238.00 GILEAD SCIENCES INC Severity Identifier. GILD Dividend Oplion: Cash CUSP: 37555803 02/05/11 5.000.000 79.2810 396.107.00 70.4800 352.400.00 A4.007.00 10.400.00 2.95% 03/07/11 3,100.000 79.6120 246.797.00 70.4800 218.188.00 -28,309.00 6,148.00 2.95% Total Covered 8.100 000 613204.00 570.888 00 -72,316.00 16,848 OD Total 8,100.000 $643,204.00 $570,888.00 472,316.00 $16,848.00 GLAXOSMITHKUNE PLC SPONSACR Dividend Oplion: Cash Security Idenlifiet GSK CUSP. 37733W 05 Page 7 of 17 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDO. Rated (scalk (nit Year Sege 2C01 DALIAlt RA TED COMUNICATIONS trauma Clearlas through haft LUC, Many owned WNW*a of the sort of New Yak Mellon Corporation (IINY Mellon) DB Y-0 9 65 Pershing lit. mortarMiRA.g!slete DN IM_0 000471 EFTA_00 157050 EFTA01289413

Portfolio Holdings (continued) unrealized Estimated Edlmied Date Acquired Quantity Unit cosi Cost Basis Market Prise Market Value Gainless Annual Income Yield EQUITIES {continued) Common Stocks (continued) GLAXOSMITHKUNE PLC SPONS AD R (continued) 06/10/15 5.000.000 43.0010 215.006.00 41.4800 201.400 00 -7.606.00 9,923.14 4 18% GLOBAL PARTNER ACQUISITION CORP Security Identifier. GPACU UNIT 1COM & 1W T EXP CUSP: 379517.201 Dividend Oplion: Cash 07/30/15 2,000.000 10.0000 20.000.00 10.2000 20 100.00 400 00 GOOADDY INC CL A Security !dent Kier: GODY Dividend Oplion: Cash CUSP: 38023797 0/101115 700.000 20.0000 14,000.00 361500 25.195 00 11,795 00 MATCH GROUP INC COM Security Wenl ire MICH Dividend Oplion: Cash CUSP: 57665816 11/18/15 200.000 12.0000 2.400.00 16.1600 3.232 00 832 00 SANGAMO BIOSCIENCES INC COM Security Identifier: SGM 0 Dividend Oplion: Cash CUSP. 80061796 05/28/13 t o 50,000.000 8.1140 422,214.00 4.5500 227,500 00 -194,71400 SANTANDER CONSUM ER USA HLDG,S INC COM Security Identifier: SC Dividend Oplion: Cash CUSIP: 80283M 111 01/23/11 1,000.000 24.0000 24,000.00 117800 1418000 -9,220 00 SQUARE INC CL A Securely Wentdiet SO Dividend Oplion: Cash CUSP:85223403 11/19/15 200.000 9.0000 1.800.00 17.3200 3.464 00 1,664.00 TERRAFORM GLOBAL INC CL A Security Idenl kr: GLBL Dividend Oplion: Cash CUSP:881341191 07/31/15 100.000 11.5550 5,821.84 4.3500 1,140.00 4,081.84 440.00 25.28% TWITTER INC CON Security Idenl Wier TW TR Dividend Oplion: Cash CUSIP. 908492 11/07/13 1.500.000 26.0000 39.000 00 157700 23.655 00 -15,315.00 VIACOM INC NEW fit B Security Weal kr: VIAB Dividend Oplion: Cash CUSP: 92553P201 06/10/15 5100.000 67.7490 331745.00 43.4500 217,250 00 -121,495.00 4,000.00 1.81% VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY Dividend Oplion: Cash CUSP:928662303 04113/15 5.000.000 50.8610 254,306.00 30.3500 151,750.00 -102,556.00 91.85 0.06% Page 8 of '7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFID Rated twilit:at ben, yew Since 2C0i DALIAlt RAM) COMMUNICATIONS DICIUDICI Owing through Pershing LUC, Sway tend stinicliary of **Bark a New Yak MOW Corporation (OM Maim) Corehing 11.C. minis FIN) Se&M_00046442 DB-SDNY-0009266 EFTA_00 [5705 I EFTA01289414

Deutsche Bank P.O Box 1 7 76, Baltimore, MD 21203 Portfolio Holdings (continued) February 1,2017 - February 28,2017 SOUTHERN FINANCIAL LW Dote Acquired Quantity Und Cod Oad Bails Martel Price Market Value Unrealized Gain' Loss Estimated Edkaated Annual Income Yidd EQUITIES (continued) Common Stooks (continued) WISDOM TREE INVTS INC CAM Dividend Option: Cash Secerity Idutilier:WETF CUSP: 9771/Ptil 03131/15 15,000.000 21.6110 324,157 50 9.1100 136,650.00 -187,507.50 4,800.00 3.51% Total Common Stocks $67,844,544.85 $87,597,924.94 $19,753,380.09 $1,729,143.02 Preferred Stocks (listed by expiration date) 0/MC CAP TR I GTO TR PFD SECS SER2 CPR- Security Identifier: ALLY PRA 8.125% FRED ORTLY MATY-02/1512040 CALL CUSP 36160208 ANYTIM E4)25 W/30 DAYS BEGNS02/4113 Dividend Option: Cash 02/22/12'•° 80,000.000 23.5350 1,882,773.60 251200 2,057,600.00 174,826.40 136,786.88 614% Total Preferred Stooks $1,882,773.60 $2,057,600.00 $174,826.40 $136,786.88 TOTAL EQUITIES $69,721,318.45 $89,655,524.94 $19,928,206.49 $1,865,929.90 Untested Slanted Estimated Ode keened Quality Una Cod Cod Bads Minkel Price Markel Value Gelnaoss Maul Income lid EXCHANGE-TRADED PRODUCTS2.00% of Portfolio WISDOM TREE TRAPAN HEDGED EQUITY FD Security Identifier CXJ Dividend Option:Cash:0)04'6am Option: Cash CUSP 9779W851 60,000.00 of these shares are in your margin amount 12/11113 60,000.000 49.4350 TOTAL E4CHANGE-TRADED PRODUCTS TOTAL PORTFOLIO HOLDINGS 2,966,098.50 50.7100 3,042,600.00 $2,966,098.50 Cod Buis $106,309,938.85 $3,042,600.00 MEW VAN $129,017,516.14 78,501.50 $76,501.50 Uneeartzed Gelnitoss $20,687,904.36 Acaued Intend $261,392.44 58,834.20 1.93% $58,834.20 Edinaled Annual Income $3,156,676.15 ' Noncovered under the cost basis rules as defined below. Securities acquired before 20 11or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 19 8 6, as amended ("IRC") ( incorporating amendments enacted by P.L.110-343. the Emergency Economic Stabilization Act of 20 08) and are. therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they CONFIDENTIAL — PURSUANT TO FED. R CRIAA. P. 6(e) Page 9 of 17 CONFIDWFAL ••••• Rated (scelkot buy Yea, SoKe 2OO/ [ALMA RA TED COVOAUNICATTONS actuuta Cleating through hams LAC. a away owned stinicliary of theBark a Novo Ycelt Melba Co•Pontion OM WIWI Ptrshine 11C. mint. FiNRARttlYLoothtsisas DEI-SDNY-0009267 EFTA_00157052 EFTA01289415

Portfolio Holdings (continued) are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • Stock in a corporation acquired on or after January 1 20 11 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 20 12 • Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014 Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns 3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information. 5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available. o The Current Face valuerepresents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face amount of the security. Factors may change over time and are obtained from sources we believe fo be reliable. c Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. c The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, w hith we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ from the actual sale price. Securities for which a price is not available are marked "Ni A" and are omitted from the Total. THEASOF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time. and may be affected by current and future economic, political, and business conditions. they should not be relied on for making investment, trading. or tax decisions. These figures assume that the position quantities. interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities. thereby overstating them. Refer to www.pershing.com/ business_continuity.htm I for specific details as to formulas used to calculate the figures Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your agent and receives payment for order flow. Opt ion Disclosure Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining Page 10 of .7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDO' •••••• Raid (.men (rat Yee/ Sffice 2CO1 DAL/AR RATED COMMUNICATORS actuoia Cleating through PenAing LLC. a SIN/ owned WNW*/ of the tank a New Yak Melon Como-melon (MY Mann) hygiene 11.C. mends FINRA.E*PriELGM-00046444 DB-SDNY-0009268 EFTA_00 157053 EFTA01289416

PA Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Portfolio Holdings Disclosures (continued) February 1 2017 - February 28,2017 SOUTHERN FINANCIAL LLC Option Disclosure (continued) current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day. increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the M argin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Ratings This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy, completeness. timeliness Or availability Of any information. Standard & Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. Schedule of Realized Gains and Losses Current Period DMe Date Realized Description Disposed Acquired Designation OispoilionMethod; Tragedion Ountily Proceeds Cost Bass Gain loss Long Term BI0YERATIVINCC0M 02107117 02/14/12 Noncoymed* First In Fad Out I FRACT SHRS 0SP 0.500 21.26 9.67 11 59 Security Identifier. 0907SEVO CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) Page " of CONFIDg Rated (scellent fray Year &ace 2CO1 DAL/AR RATED COMUNICAIVIIS D agma Cleating trough Peal% LC, Sway owned sticliary of **Bark of New Yak Medan Corporation (IINY WNW Pershing ll.C.mtnis MRA.VAPIII2PM_00046445 DB-SDNY-0009269 EFTA_00157054 EFTA01289417

Schedule of Realized Gains and Losses Current Period (continued) Desaiption Date Disposed Date Acquired Designation Dispoetion Method r Trantadion Quantity Proceeds Cod Bads Realized Celt Loss Long Term (continued) WASHINGTON M UT MTG 004-RA2 MTG PASSTHRU CTFCI. C- 8-1VAR RATE 6297%07/25/33 Security Identifier: 939338520 02123117 12/13/13 Noncowell REPYM T OF PRIM Original Cost Basis: t46844 1,298,000.000 1,91905 1,468.44 450.61 Total Long Term 1,940.31 1,478.11 462.20 Total Short and Long Term 1,940.31 1,478.11 462.20 • Noncovered under the cost basis rules as defined below. Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IR') (incorporating amendments enacted by P.LtIO-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)' at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1399-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • Stock in a corporation acquired on or after January 1,2011 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,202 • Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1399-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. Page 12 of 17 CONFIDENTIAL — PURSUANT TO FED. R CRISA. P. 6(e) CONFIDWAL-4 Rated EICtiltf4 Leary Yes, Since 201 DALIAlt WED COMMUNICATIONS MIMIC( Cleating through MAI% Lit. a alai owned stinicliwy of me tank M New Yak Mae corporation (MY MS) Paging motto nessAfiRMietelt 00046446 DB-SDNY-0009270 EFTA_00 157055 EFTA01289418

a Deutsche Bank P.O. Box 1776, Baltimore, MD 212O3 Schedule of Realized Gains and Losses Current Period (continued) February 1,2017 - February 28,2017 SOUTHERN FINANCIAL LLC Thecost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account If you do not select a method. your account will be defaulted to First In. First Out (FIFO) Your account's selected tax 101 method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. M essages Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Activity Summary (Ail amounts shown are in vas. care,,c" Credits TNsPerled DebkeTAIsPerled Net ThisPerled GediteYear4o•Date DebileYeer-to-Date Net Yetto•Date Securities Securities Sold 21.26 0.00 21.26 390.735.38 0.00 390.735.38 Total Securities $21.26 $0.00 $21.26 $390.735.38 $0.00 $390.735.38 Dividends and Interest $599.311.18 489,250 00 $510.061.18 $817.884.06 389.250.00 $526.634.06 Distributions $118.420.65 $0.00 $118.420.65 $118.120.65 $0.00 $118.420.65 Fees $0.00 $0.00 $0.00 $0.00 425.00 425.00 Totals $717,753.09 489,250 00 $628.503.09 $1,127,010.09 489,275.00 $1,037,765.09 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) Page '3 of '7 CONFID inn Raed Galles% (nrc Yew Sect 200/ DALBAR RA TED COMMUNICATTOP6 actutria Owing trough Pars/ars LLC. a alb* owned stinicliary of the Bark of New Yak Melon Corporation (MY Mace) _00046447 Pt r shim 11C. rnendx. FINRA.f6•46 Se IVI & DB-SDNY-OOO9271 EFTA_OO157O56 EFTA01289419

Transactions by Type of Activity PrOCtit; Settlement Date Activity Type Description Duantily Price Argued Inlere9 Amount Currency Securities Bought and Sold 02/07/17 CASH IN LIEU OF FRACTIONAL CASH IN LIEU ON BIOVERATIV INC COM RD 0717 PD 02/07117 21.26 USD SHARE RECEIVED SPINOFF FR 09062%133 BI0394 'DEC INC COM BIVV 02107/17 STOCK SPIN-OFF RECEIVED 2095 SHRS 810VERATIV INC COM RD 0417 PD 02/07117 1,047 000 0.00 USD BIVV SPINOFF FR 09062X23 BIOGEN 105C INC COM Total Securities Bought and Sold - U.S. DOLLARS 000 21.26 Dividends and Interest 02/02/17 BOND INTEREST RECEIVED 3000000 SOUTHERN CALIF EDISON CO PREF SERE 6 250 % 93,750.00 USD 842400 FU2 0V7/62B/EDTDVI17/2CLBRO0131P0 02/012 02/10/17 CASH DIVIDEND RECEIVED 250000 SHRS BANK OF NEW YORK MELLON CORP COM RD 47.500.00 USD BK 0131PD 02/13/17 02115/17 BOND INTEREST RECEIVED 80000 SHRSGM AC CAP TR I GTO TR PF0 SECS SER 2 CPR. 34,196.72 USD ALLY PM 8.Q5% FRED DRILY MATY-02/t/ 2040 CALL ANYTIME ê25 W130 DAYS BEGINS 02/15t6 RD 02/14 PD 02/5117 02/16/17 CASH DIVIDEND RECEIVED 411000 SHRSAPPLE INC COM RD 02113 PO 02/1/17 235.980.00 USD AAPL 02117/17 BOND INTEREST RECEIVED 3000000 CITIGROUP INC FXD RT SR NT PERP CEP RECPT 89.250.00 USD 17296725 5950% 0815168 BIE OTC 08/2/15 CLB RD 021% PD 02/5/17 02127/17 BOND INTEREST ADJJSTM ENT CITIGROUP INC RO RT SR NT PERP DEP RECPT 5950% .89,250.00 USD 17296725 0815188 BIE DTD 081215 CLB RD 02111PD 0216!4 ADJ SOURCE CODE TO DIVIDEND 02/27/17 CASH DIVIDEND RECEIVED CITIGROUP INC FXD RT SR NT PERP DEP RECPT 5950% 89,250.00 USD 17296725 08/5/88 BIE DTD 0811216 CLB RD 021% PD 02/E/17 ADJ SOURCE CODE TO DIVIDEND 02127/17 BOND INTEREST RECEIVED 290000 WASHINGTON M UT M TG SECS CORP 2004•RA2 M TG 3213.76 USD 939336520 PASSTHRU CTF CL C.8-1VAR RATE 6 297% 07/25/33 BEE DTD 06/0104 RD 0131PO 02/ 25/17 02/28/17 MONEY MARKET FUND DEUTSCHEGOVT CASH 6.170.70 USD INCOME RECEIVED PER232045 Total Dividends and Interest -U S DOUARS 0.00 510,061.18 Distributions 02128/17 PARTNERSHIP DISTRIBUTION 26357 SHRS APOLLO GLOBAL M GMT LLCCL A SHS RD 02/21PO 118,420.65 USD APO 02.126/17 Total Distributions- U.S. DOLLARS 0.00 118,420.65 Total Value of Transactions 0.00 628,503.09 USD The price and quantity displayed may have been rounded Page 14 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFID ti Rated [Kelley ben Yew Since 2001 DALIN, PA ttl) COMUNICATTOP6 otauoict Cleating through Perstars LUC a Sbany owned att." cu e» Barra New Yak Mellon Contention CONY Mellon Ft shine 11C. rnenix. FINRA.W4! 00046448 DB-SDNY-0009272 EFTA_00157057 EFTA01289420

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Cash Not Yet Received February 1,2017 - February 28,2017 SOUTHERN FINANCIAL LLC Securny Record Date Payable Die Clumility Held Rite Dividend Option Amount of Payment Dividends GENERAL ELECTRIC CO COM 02127117 04125117 23,000.000 0.240000 Cash 6,520.00 WISDOM TREEINYTSINC COM 02115/17 03101117 15,000.000 0.080000 Cash 1,200.00 Total Cash Not Yet Received $6,720.00 Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the information. Fixed IncomeAnalysis Bond Quality of Bond Bond Quality Market Value Market Value Percent of Fixed Income A 2,456,655.00 13% BAA 8,515,750.00 43% BM Lower 7,565,01713 39% Not Rated 879,757.24 5% Total 19,417,180.17 100% 0 20 40 60 80 100 Bond Maturity Schedule Bond Maturity Milo 5 years 06 to it years . Over 10 years Total Market Value %of Bond Mutat Value 360,126.00 2% 315,375.00 2% 18,741,679.17 96% 19,417,180.17 100% Percentages of bond market values are rounded tot e nearest whole percentage. Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. Bonds that are in default are not included. Client Service Information Yew Client Adviser DU JOSHUA SHOSHAN 280 PARK AVE- 3RD FL NEW YORK NY 10 017 Coated Infotnuilon Telephone Number: ( 212) 454-4433 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) Page '5 of 17 CONFIDWAL-4 Rated (Kent.% may Year Sect MO/ DAUM RATED COMUNICATiONS actuate( Ow/ft through Pirstarell.C. a abaft owned stinithory of **BOSCO Now Yak Melba Co•PontionaNY Melee) hrshine LIC. merit. FINRAWillikelt 00046449 DB-SDNY-0009273 EFTA_00157058 EFTA01289421

Your Account Informati n TAX LOT DEFAULT DISPOSITION METHOD Default Method for M utual Funds: FIRST IN FIRST OUT Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT Default Method for all Other Securities: FIRST IN FIRST OUT BOND AMORTIZATION ELECTIONS Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Constant Yield Method Include market discount in income annually: No ELECTRON IC DELIVERY You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Client Advisor for more information. Important Information and Disclosures The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise t hem. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. • Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. • Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. • Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. • For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. • Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability. • This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. • Your financial organization's contact information can be t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted. Important Arbitration Disclosures • All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. • Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award Is very limited. • The ability of the parties to obtain documents,witness statements and other discovery is generally more limited in arbitration than in court proceedings. • The arbitrators do not have to explain the reason( s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the Page 16 of 17 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDWAL Rated (“elkot ben, Ye., $oKe 2C0/ DALBAR RATED COMMUNICATORS Exatuna Cleatin through Pesti{ U.C. • Ma/ wonted sticliary of the area Nom Yek Man Corporation0NY MS) Pennine L1C. mat. FINRA.644 Yfielt00046450 DB-SDNY-0009274 EFTA_00157059 EFTA01289422

Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Important Information and Disclosures (continued) February 1,2017 - February 28,2017 SOUTHERN FINANCIAL LLC Important Arbitration Disclosures (continued) panel at least 20 days prior to the first scheduled hearing date. • The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. • The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. • The rules of the arbitration forum in which the claim is filed, and any am endm entsthereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07390: Page '7 of .7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDg Rated (Anneal fray Yea, Sffice 2001 DALIAR RATED COMUNICATIONS actiwia Owing through Pen...RUC, Maly owned sticliary of **Bark of New Yak MOW Corporation0NY Mete) Pershing 11.C.nstaix. FINRA.E*PriliteM_00046451 DB-SDNY-0009275 EFTA_00157060 EFTA01289423

a Deutsche Bank P.O Box 1776, Baltimore, MD 21203 SOUTHERN FINANCIAL tiC GE RED HOOK QUARTER B3 ST THOM AS VI 00802 Gnaw.< Rana Pn.ale Wealth Manalenent Pdatert$ CedneeGV‘P Des-b1h4 Sank %WPM.' Ac Mee *A Olk• HI Part AnnotIta I bet War Rot 10114 January 1, 2017 - Januar 31, 2017 Account Number: Portfolio at a Glance Ns Period Yeer4o-Dste Your Client Advisor: BEGINNING ACCOUNT VALUE $117.069.956.26 $117,069.956.26 JOSHUA SHOSHAN Adjusted Previous Account Value 117,069,956.26 117,069,956.26 (212) 454-4433 Dividends. Interest and Other lame 18.572.88 18,572.88 Net Other Adivity -25.00 -25.00 Net Change in Portfolio 2,960,115 09 2,960,115.09 rialkata2AILIWOr! $120,048,619.23 $120,048,619.23 Accrued literal S352.334 78 Estimated Annual Income 53.104.665 05 Summary Asset Poem Asset Type PSI Year-End Lad Period This Period MI 14% Cash, Money Funds, and Bank Deposits 15,864,445.94 15.864.445 94 16,273,707.94 0 16% Fixed Income 19,233,099.80 19,233,099.80 19,107,561.56 im 68% Equities 79,000,010.52 79,000,010.52 61,585,149.73 ra 2% Exchange-Traded Products 2,972,400.00 2,972,400.00 2,992,200.00 100% Account Total (Pie Chart) $117,069,956.28 $117,089,958.26 $120,048,619.23 Please review your allocation periodically with your Client Advisor. CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL Page 1 of 17 Go papinien In4teelleir OPP6 1 emlbtldat U4 Walk a ad saddinifte INA slilimara ''''t Ispow2.• 10.7 “tv:): . .. "4.,.....r ., Y:w evmmeelfelm 2101•010•••••Onhlil UthltICI ."" Thlifirt15_00046452 DB-SDNY-0009276 EFFA_OO157061 EFTA01289424

Summary of Gains and Losses Ms Period Reeked Year4o-Dale Unrealized Lone-Term Gain! Loss 100 165.30 100 165.30 12391 724.05 Net Gain! Loss 100,165.30 This summary excludes transactions where cost basis information is not available. 100,165.30 12,391,724.05 Money Market Fund Detail Date Activity Type Desaddioe Mount Uwe Sweep Money Market Fund DEUTSCHEG0VT CASs INSTL Current Yield: 0.50% Activity Ending: DV 3V 17 12131/16 Opening Balance 15,834,711.74 15,834,711.74 01103/17 Deposit MONEY FUND PURCHASE 29,734.20 15.884.445.94 01104/17 Deposit MONEY FUND PURCHASE 1,000.00 15,885,445.94 01113117 Deposit MONEY FUND PURCHASE 2,285.40 15,867,731.34 01119/17 Deposit MONEY FUND PURCHASE 390,714.12 16,258,445.46 01126/17 Deposit MONEY FUND PURCHASE 8,907.38 18,287,352.84 01131117 Deposit INCOMERBNVEST 6,355.10 16,273,707.94 01/31117 Closing Balance $16,273,707.94 Total All Money Market Funds $18,273,707.94 ico Tie aild Expense Summary Quint Paled Year-to-Oak Taxable Non Taxabk Taxable Non Twcabk Dividend Income Equities 8,830.40 0 00 8,830.40 0.00 Money Market 6,355.10 0 00 8,355.10 0.00 Interest Income Bond Interest 3,387.38 0.00 3,387.38 0.00 Expenses Fees(Foreign Securities) -25.00 0.00 -25.00 0.00 Total Dividends, Interest, Income and Expenses $18,547.88 $0.00 $18.547.88 $0.00 Page 2 of 17 CONFIDENTIAL — PURSUANT TO FED. R GRIM. P. 6(e) CONFIDENTIAL Gra paperina •Mitenar OmbilkimelibtaiSOKnokif ramenicorauicaras rS OUt-I ..."". "151Irtlt00046453 08-SDNY-0009277 EFTA_00157062 EFTA01289425

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Portfolio Holdings Opening Cote CASH, MONEY FUNDS, AND BANK DEPOSITS 14.00% of Portfolio M argin Balance 29134.20 0.00 Money Market DEUTSCHE GOVT CASH INSTL 12731/16 16,273,707240 N/A 01131/17 15,834,71114 16,273,707.94 0.00 6,355.10 0.46% 0.50% Total Money Market $15,834,711.74 $18,273,707.94 $0.00 $6,355.10 TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $15,861,445.94 $16,273,707.94 $0.00 $6,355.10 Adjusted Unasked Amend Estimated Estimated Cod Beds Merkel Rice Market Value Gera= Interest Arnaud Income Yield January 1,2017 - January 31,2017 SOUTHERN FINANCIAL LLC Account Adkity 1:91MII9 Closing Fumed mare 30Aay Current Quantity Number Ending Balance Balance Income Melee, Yield Yield Cole Acquired FIXED INCOME 16.0 0% of Portfolio (In Maturity Date Sequence) °Asset Backed Securities WASHINGTON IA UT 11T6 SECSOORP 2004•RA2 Security Identifier: 939336520 TG PASSTHRtl CTF CL foll•WAR RATE 6.617% 01/25133 K0100610104 Factor:0.4747145 Effectth Date2/03117 Current Face Value: 82388.091 12113/13'•3.2 1,290,000.000 76.5190 468,590.84 85.0590 Original Cost Bads: 5638)08.71 Total Asset Backed Securities 5468,590.84 5520,891.19 552,300.35 53,378.85 $0.00 1,290,000.000 Total Current Face Value:612,388.091 Corporate Bonds EARTHLINK INC GTO SR NT FULLY EXCHANGED Security Identifier 270 321W6 CUSP FROM 27032%88 SIM% 05/6/S BiE 05/VIICALLABLE03/02/17 10/23112 351,000.000 102.2740 358,982.31 102.2500 358,897.50 14.81 8,576.38 31,151.25 817% Original Cost Basis: 5362,407.50 BARCLAYSBK PLCCONTINGENT CAP NT Scarily Identifier: 06739FHK0 1511$ U906739FHK03 1750% 04/1/23 WE OTD 0415/1 CALLABLE 0410/158 P Rothe BB+ 04/03/13'•12° 300,000.000 100.0000 300.000.00 105.3750 316 125 00 16,125.00 7,168.75 23,250.00 7.35% Quality Unit OA 520,891.19 52,300.35 3,376.85 CONFIDENTIAL — PURSUANT TO FED. R CR[IVI P. 6(e) CONFIDENTIAL Page 3 of 17 Go peptide's ct IWO:~ MON, Us MO ClimbilimpitialCoSI. adeadeignainla11.0 maw ago missed Manapairleallif NAM N"'"`Thliglrai_000464.54 DEI-SDNY-0009278 EFTA_00 157063 EFTA01289426

Portfolio Holdings (continued) Date Acquired Quantity Unit Cost FIXED I NCOM E (continued) Corporate Bonds (continued) BARCLAYS BK PLC CONTINGENT CAP NT (continued) Se ORGAN CHASES CO DEP SHSREPSTG f 13TH PFD SER1FIXED TO RIG RT BO 7900% 04/29/49 BIEOTD 04/23,08M oody Rating EIAA3 SS P Rating BBB. 06/15/11 " 12 2,500,000.000 107.5000 06/15il I .."2 2,500.000 000 107 0000 Total Noncovered Total 5,000.000 000 5,000,000.000 BANK AM ER CORP PERP NON COM ULATIVE DEP SHS FIXED TO FLOAT 8.25% 04130/58 B/E DTD 04130/08 CALLABLE05/15/SM oody Rating BA2 St P Rating BB* 01/10/11 "-'2 2.000.000.000 102.7500 SOUTHERN CAUF EDISON CO PREF SER E 6.250% 0117/62 BlE 01D 0117112 CALLABLE02/011220 130 000M oody Rating BAAl S8 P Rating BBB. 01/30/12 .'3'12 3,000,000.000 99.8570 GENERAL ELEC CO GTD FXD.TO.FLTGRT NONCUMULATIVE PERPETUAL PREFERRED 4.000% 2/03165 REG DTD 2/0311Moody Rating A3 58 P Rating A 12/03/15 2.469.000.000 88.0930 5LLOYDS8ANKING GROUP PLC FXD RATE RESET ADM. TIER 1SEDS US539439AG42 7.500% 04127/88 B/E DTO 04/01/1S S P Rating 88• Please Provide • 1,903,000.000 N/A Adjusted Cod Bells Merkel Rice Original Cost Basis: S300100.00 Security Identifier: 46625HHA1 2.687.500.00 103.0000 Original Cost Basis: $2.687.510.00 2,675.000.00 103.0000 Original Cost Basis: $2,675,000.00 5,362,500.00 35,362,500.00 Security Id stifle: 0605050T8 2.055.000.00 104.2800 Original Cost Basis: 52,055,00000 Securdy Identifier: 842400 FU2 2.995.702.43 110.1500 Original Cost Basis: 32,992,564.97 Securdy Identifier: 3696048M 2,175,016.17 96.5000 Original Cost Basis: $21750 117 &sourly Identifier 539439A04 Please Provide 103.7290 Original Cost Basis: Please Provide Mallet Value Unrealized Gainlloss 2,575,000.00 2.575.000 00 5,150,000.00 35,150,000.00 2.085.600 00 3.304.500 00 2.382,585 00 1.973162.87 Accrued Interest Estimated Estimated Annul Income Yield .112.500.00 49.375.00 197,500.00 7.66% -100,000.00 49,375.00 197,500.00 7.66% -212.500.00 98.750.00 395.00010 .$212,500.00 396.75010 3395.000.00 30100.00 34.305.56 162.500.00 7.79% 308,797.57 93,750.00 187,500.00 567% 207,568.83 12,619.33 98,760.00 4.14% N/A 13,479.56 142,725.00 723% Page 4 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL es pawls ik taltgata Isornellanil o di Oalig••••••••••••11C•M* indiolik,•/••••••lent ASWOOICCien MINI MOCallitsierall Nelb•Cop....01erniplini """```Ther.Thrtlit0004G456 DB-SDNY-0009279 EFTA_00 157064 EFTA01289427

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Portfolio Holdings (continued) Ora Acquired FIXED 'NUM E (continued) Corporate Bonds (continued) CITIGROUP INC FXD RT SR NT PERP DEP RECPT 5.950% 0815/88 B/E DTD Oaf BIZ CALLABLE0819/20 if) 130.000Moody Ratieg BA2 S8 P Rating 08/06/15 3,000,000.000 100.0000 Quantity UnN Coq Total Corporate Bonds 18,023,000.000 Adjusted Cost Pals Market Price Security Identifier: 0296725 3.000.006.00 103.5000 Original Cost Bus $3,000p06.00 $16,241,206.91 January 1,2017 - January 31,2017 SOUTHERN FlNA NCIAL LLC Market Pike 3,105,000.00 $18,676,670.37 unrested Gainless Awued Inters Eslir al ed Este-Ate Annual Income Yield 104,994.00 82,308.33 178,500.00 5.74% 8455,500.59 $348,957.93 $1,219,386.25 TOTAL AXED INCOM E 19,313,000.000 Date Acquied Quantity Unll Cosi EQUITIES 68.00% of Portfolio Common Stocks OBILEYE NV AM STELVEEN ORO MS ISN4 N1009831361 Dividend Oplion: Cash 08/01/14 800.000 25.0000 ADVERUM BIOTECHNOLOGIESINC COM Dividend Oplion: Cash 04120/15 10,000.000 39.8610 AKORN INC COM Dividend Oplion: Cash 06/10/15 5,000.000 46.8410 ALIBABA GROUP FILDG LTD SPONSORED ADS ISNt US9909W1327 Dividend Oplion: Cash 06/10/15 5.000.000 $16,715,797.75 Colt Bads Market Pike Security Ideatifier:MBLY CUSIP N55188117 20,000.00 42.9600 Security Identifier: ADVM CUSIP 00773U16 398.606.00 2.9000 Security Identifier AKRX CUSP 00972896 234,206.00 19.1000 Securely Identifier MBA CUSP:0909W 92 88.9500 444,749.00 101.3100 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) $19,197,561.56 Nadel Value 34,368 00 29.000.00 95.500 00 506.550 00 CONFIDENTIAL $507,800.94 5352,334.78 $1,219,386.25 Walked Galorloss 14,368.00 369,606.00 ,138,706.00 61,801.00 Se pardons Sleeted Estiuted Maud Worse Yield Page 5 of 17 et talp••2. XV area- Onale•Neliathelltaar Mt. tinoceatiasitie tallnapseinesiame uvueKr 1"*"'"Sitlfirtit00048456 OS-SDNY-0009280 EFFA_00157065 EFTA01289428

Do, ,folio oidings (continued) Date Acquired EQUITIES (continued) Common Stocks (continued) ALLIANZ SE SPONSADR REPSTG Y9 SHS Dividend Oplion: Cash 04/13/15 5.000.000 18.0110 APOLLO GLOBAL II GM T LLCCL A SHS Dividend Oplion: Cash 03/29/11 " 3 263.157.000 APPLE INC COM Dividend Option: Cash 10/28/13 3 09/05/14 09105114 3 09705114' 01/11/16 Total Covered Total 414,000.000 ASCENA RETAIL GROUP INC COM Dividend Galion: Cash 01/16/01 **3 70.500.000 BASF SE SPONSADR ISIN*USO 552625057 Dividend Option: Cash 01/13/15 5,000.000 BANK OF NEW YORK M Et LON CORP COM Dividend Oplion: Cash 06/25/14 250,000.000 BIOGEN MC INC COM Dividend Option: Cash 02/14/12 " 3 CENTRE CORP DEL COM Dividend Option: Cash 09/08/14 15,550.000 DISH NETWORK CORP CL A Dividend Option: Cash 06/10/15 5,000.000 Nastily Unit Cosi 14,000.000 124,180.000 7.200.000 18,620.000 250,000.000 414,000.000 Cost Ewes Market Rix Security Identifier: AZSEY CUSP 01805131 90.056.00 16.9650 Sedulity Identifier: APO CUSP. 03762306 19.0000 4.999.983.00 21.2400 Security Identifier. AAPL CUSIP: 03783320 75.5800 1,058,120.50 121.3500 98.9500 12,287.615.97 1211501 98.9500 712.440.29 121.3500 98.9500 1,842,449.74 1211500 99.0000 24,750,006.00 121.3500 40,650,632.50 2.095.000 119.5490 21.2770 $40,650,632.50 Security Idenlifier ASNA CUSP 04351321 1.500.000 00 4.8100 Securdy Ideal diet BASFY CUSIP. 055262505 101.6110 508,056 00 96.5800 Security Identifier. BK CUSP. 061058130 36.3060 9,076,406 00 44 7300 Secaiity Identifier BIM CUSP. 09062X03 250.454 95 277.2400 Security Identifier: CNC CUSP: 21358111 63.6450 989,679 75 63.2700 Security Identifier DISH CUSP. 2547011409 72.9960 364,978 00 59.1700 Market Value 84.825 00 5.589.454.68 1.698.900.25 15,069.242 96 873.719.78 2 259.537 23 30,337,499.78 50,238,900.00 $50,238,900.00 339.105.00 482 900.00 11,182,500 00 580117 80 983.848 50 295.850 10 Unmated Gaieties Estimated Edlnialed Annual Income Yield -5,231 00 589.47118 640,779.75 2,781,626 99 161,279.49 417,087.49 5,587,493.78 9,581267.50 $9,588/67.50 -1.160.895.00 .25,156.00 2,106,094 00 330.362 85 -5,831 25 49,128 00 3.059.77 3.60% 328.946.25 5.88% 31,920.00 1.87% 283,130.40 1.87% 16.416.00 1.87% 42,453.60 1.87% 570,000.00 1.87% 943,920.00 $943,920.00 12,163.55 2.51% 190,000.00 1.69% Page 6 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL es pandas On WACO tfcer (t) MAW= COM.LN070.3 hirrOmpapromeressei Isotgata SidweeNsime llAnilas 4h —.-- Waif Wilillord &Motel es Yet Maki ' 4""iltirret0004e457 DB-SDNY-0009281 EFTA_00 157066 EFTA01289429

Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Portfolio Holdings (continued) Date Acquired EQUITIES (continued) Common Stocks (continued) FACEBOOK INC CL A Dividend Oplion: Cash 05/17/12 " 3 17,500.000 FOUNDATION MEDICINEINCCOM Dividend Oplion: Cash 01/13/14 25.000.000 08/05/14 24,830.000 Total Covered 49,830.000 Total 49,830.000 GENERAL ELECTRIC CO COM Dividend Option: Cash 04123113'," 23,000.000 GENERAL II TRS CO COM Dividend Oplion: Cash 11/18/10 10.988.200 12109110' 86.536.800 Total Noncovered 97,525 000 Total 97,525 000 GILEAD SCIENCES INC Dividend Oplion: Cash 02105114 5.000.000 03107114 3,100.000 Total Covered 8,100.000 Total 8,100 000 GUVOSM ITHKUNE PLC VOHS AD R Dividend Option: Cash 06/10/15 5.000.000 January 1, 2017 - January 31, 2017 SOUTHERN FINANCIAL LLC Quantity Unit com Cod Basis Market Price Security Identiiiei: FB CUSP. 30303M132 38.0000 665,000.00 130.3200 Security Identifier: FM I CUSP:350465130 27.5070 687.663.50 19.5500 23.2530 577.373.02 19.5500 1,265,036.52 51.265.038.52 21.5700 36.4010 368160 79.2810 79.6120 396.407.00 246.797.00 643,204.00 3643,204 00 399,978.16 3.185.969 22 3,585,947.38 53,585,947.38 Security Identifier. GE CUSP. 369604 03 496.109.08 29.7000 Security Identifier: CM CLISIP. 370459100 36.6100 36.6100 Severity Identifier. GILD CUSP: 37555803 72.4500 72.4500 Security Idenlilier: GSK CUSIP. 37713W 135 43.0010 215.006.00 39.3100 Market Value 2 280.600 00 488.750 00 485126.50 974,176 50 3974.176 50 683.100.00 402.278.01 3.168.112.24 3:570,390.25 53:570,390.25 362.250 00 224 595 00 586.845 00 3586,845 00 196.550 00 Unrealized Gainiloss Estimated Ed kat ad Annual Income Yidd 1,615,600 00 -198.913.50 -91,946.52 -290,860.02 4290,860 02 186,990.92 2,299.85 -17.856.98 .15,557.13 SO 00 22,080.00 323% 16.702.06 4.15% 131.535.94 4.15% 148,238 00 415,557.13 -34,157 00 -22.202.00 -56,359.00 3148 238.00 9.400.00 2.59% 5,828.00 2.59% 15,228.00 456,359 00 -18.456 00 $15,228.00 10.335.20 5 25% Page 7 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL to pardon a toms... 9e IOW 00‘1 0..Pali“ W er ast tolls wail idmillovi Si tiati .1.s vet ASIMCOI Yilien imaincioaraudecraz lisCop.••• we idolso uwcel PT."`" x_00046458 DB-SDNY-0009282 EFTA_00 157067 EFTA01289430

Portfolio Holdings (continued) Unmanned Edknated Edhaded Date Acquired Quantity Unit cool Cod Bale Market Rice Market Value <Minton Annual Income Yield EQUITIES {continued) Common Stocks (continued) GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU UNIT 1COM 8 'WI Ea CUSP: 37954 X204 Dividend Option: Cash 07/30115 2.000.000 10.0000 20.000.00 10.2000 20.400 00 400 00 000ADDYINCCLA Seco re y Idenlilmr:GDDY Dividend Oplion: Cash CUSP:38023797 04/01/15 700.000 20.0000 14.000.00 35.7300 25.011.00 11.011 00 ATCH GROUP INC COM Security Idealkr: MICH Dividend Oplion: Cash CUSP:57665036 11/18/15 200.000 12.0000 2,400 00 17.3700 3,474.00 1,074 00 SANGAMO BIOSCIENCES INC COM Security Identifier: Kill 0 Dividend Option: Cash CUSP. 80067706 05/28/13'.a 50.000.000 8.4440 422214 00 3.5000 175,000 00 -247,214 00 SANTANDER OONSUM ER USA II INS INC COM Securey Identifier: SC Dividend Option: Cash CUSP:80283M 91 01/23/14 1.000.000 24.0000 24.000 00 13.2200 13.220.00 .10.780.00 SQUARE INC CL A Security Identifier: SO Dividend Oplion: Cash CUSP:85223403 11/19/15 200.000 9.0000 1.800 00 14.6200 2.92400 1.124 00 TERRAFORM GLOBAL INC CL A Security Identifier: GAL Dividend Option: Cash CUSP: 881141I 91 07/31/15 400.000 14.5550 5,82184 4.4000 1.760 00 -4.061 84 440.00 25.00% TWITTER INC COM Security Hen' ifier TIV TR Dividend Option: Cash CUSIP. 90141132 11/07/13 1$00.000 26.0000 39.000.00 17.6200 26,430.00 .12,570.00 VIACOM INC NEW CL B Security Identifier: VIAB Dividend Oplion: Cash CUSP: 92553P201 06/10/15 5,000.000 67.7490 338.745.00 42.1400 210.700 00 -128,045.00 4,000 00 1.89% VOLKSWAGEN A GADR ISPONS) Security Identifier: VLKAY Dividend Oplion: Cash CUSP:928662303 04/13/15 5.000 000 50.8610 254.306.00 32.0900 160.450 00 -93.856.00 91.85 0.05% WISDOM TREE INVTS INC COM Security Identifier:WM Dividend Oplion: Cash CUSP:9771014 Page 8 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL to ripeness We,. 5,:a0v •1/4 ,„ . SUM WM =wow= •••••Covaalne maw larilie9eN47 ware Wind •• yr& ISO teem OS" Os* helii“ me. • tirtiact """ThRret00046459 DB-SDNY-0009283 EFTA_00 157068 EFTA01289431

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Portfolio Holdings (continued) January 1, 2017 - January 31, 2017 SOUTHERN FINANCIAL LLC Untanned Eminated &leaded Date Acquired Quantity IAN Cod Cod Basis Market Perm Market Value Gain loss Amend WIN Yield EQUITIES (continued) Common Stooks (continued) WISDOM TREE INYTS INC COM (continued) 03131115 15.000.000 21.6110 324.157.50 10.3000 154.500.00 -169,657.50 4,800.00 3.10% Total Common Stocks $67,844,554.52 $79,529,149.73 $11,684,595.21 $1,683,302.62 Preferred Stocks (listed by expiration date) GMAC CAP TR I GTO TR PFD SECS ER 2 CPR- Security Identifier ALLY PRA 8.25% FREO ORTLY MATY412/15/2040 CALL CUSIP. 361360208 ANYTIM ECUS W130 DAYS BEGNS02/1/13 Dividend Option: Cash 02122112'•° 80,000.000 23.5350 1,882,773.60 25.7000 2,056,000.00 173,226.40 136,786.88 6 55:i, Total Preferred Stocks $1,882,773.60 $2,056,000.00 $173,226.40 $136,786.88 TOTAL EQUITIES $69,727,328.12 $81,585,149.73 $11,857,821.61 $1,820,089 50 Unmated Estimated Estimated Ode ALAS'S Nudity UnN Cod Cod Nis Markel Piece Market Value Celiflose Annual Income Yield EXCHANGE-TRADED PRODUCTS2.00% of Portfolio WISDOM TREE TR APAR HEDGED EQUITY FD Security Identifier. DXJ Dividend Option: Cash: Caudal Gains Option: Cash CUSP9771794851 60,000.60 of these shares are in you margin account 12111113 60.000.000 49.4350 TOTAL EXCHANGE-TRADED PRODUCTS 2,966,098.50 $2,966,098.50 49.8700 2992,200 00 26,101 50 $2,992,200.00 $26,101.50 58,834.20 196% $58,834.20 Unmated Awued Blended Cod Bads Markel Value Geitilon Intend Amid Income TOTAL PORTFOLIO HOLDINGS $105,682,932.31 $120.048,619.23 $12,391,724.05 $352,334.78 $3.104,665.05 Noncovered under the cost basis rules as defined below. Securities acquired before 20 llor in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1988, as amended ("IRC') (incorporating amendments enacted by P.L.110-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore, considered "noncovered' under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. CONFIDENTIAL — PURSUANT TO FED. R CRIM, P. 6(e) CONFIDENTIAL Go ppulas .6.4100 (0 airt Page 9 of 17 —Dona ClimbiONIPASOIC•Sait laguniel SP wail sadeni••••slana maw tura csauscmas alenwaspoS0INYNesi ""ThliTIrtit000ississo DES-SDNY-0009284 EFTA_00157069 EFTA01289432

Portfolio Holdings (continued) Reporting requirements generally will be phased in over a three-year period. as follows: • Stock in a corporation acquired on or after January 1.20 11 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,20 • Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January t 2010 Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security. and certain attributes. obtained from sources believed to be reliable. In the event. one or more of these attributes is changed. there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information. s Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available. e The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face amount of the security. Factors may change over time and are obtained from sources we believe to be reliable. 12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. 13 The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as fo the accuracy of Misinformation. Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services. w hich we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total. THEASOF PRICE DATEONLY APPEARS W HEN THEPR10EDATE DOES NOT EQUAL THE STATEM ENT DATE Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however. no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time. and may be affected by current and future economic. political. and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.coml business_continuity.htm I for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions. Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your agent and receives payment for order flow. Option Disclosure Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or Page 10 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL S. .44 0. 6.8%** Pisan at...as la" Mt ONOIlliii1•011•111•11.14.1•11 Ka I Oi 4 36) Mit Ne."`"tbritk0004e461 DB-SDNY-0009285 EFTA_00 157070 EFTA01289433

a Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Portfolio Holdings Disclosures (continued) January 1,2017 - January 31, 2017 SOUTHERN FlNA NCIAL LLC Option Disclosure (continued) financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Ratings This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard & Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. Schedule of Realized Gains and Losses Current Period Date Date Realized Description Disposed Acquired Designation Disposition Method; Transaction Quantity Proceeds Cost Bois Gain Loss Long Term ARIAD PHARU ACEUTICAL 01113117 02114112 Noncoveree.13 First In Fug 0u1/ SELL 7,535.000 178,048.44 114,597.40 63.451.04 Secutily Identifier. 040334110 01113117 01/24113 *Dowered "3 First In First OA i SELL 9,000.000 212,665.68 176.400.00 36.265.68 Total 16,535 000 390,714.12 290,997.40 99,716.72 Page $.1 of 17 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL is pandas borne 9.• lMl Owed Is *ad es v.* SONO Wier lk Maki Wel aitfaidelaa1 SCOrdmarso Idabel MUM P's "`"ilArtit0004o462 DB-SDNY-0009286 EFTA_0015707 I EFTA01289434

Schedule of Realized Gains and Losses Current Period (continued) Description Date Disposed Date Acquired Designation Disporallon Method r Tram:lion QuaetRy Proceeds Cost Dais Realized Gain, Loss Long Term (continued) WASHINGTON LIT RIG S 01124/17 12/13/13 Noneevereti REMIT OF PRP/ 1,290,000.000 1,910.37 1,461.79 448.58 004-RA2 RIG PASSTHRU CTECI. C- 13-1VAR RATE 6.617% 07125133 Original Cost Basis: t46179 Security Identifier: 939336520 Total Long Term 392,624.49 292,459.19 100,185.30 Total Short and Long Term 392,624.49 292,459.19 100,165.30 • Noncoveved under the cost basis rules as defined below. Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC') (incorporating amendments enacted by P.L.310-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1399-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • Stock in a corporation acquired on or after January 1, 2011 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 202 • Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using allot your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 1 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information. Page 12 of 17 CONFIDENTIAL — PURSUANT TO FED. R CRIBA. P. 6(e) CONFIDENTIAL Go pawing t e.o.m.. wow... so OmilkomithmilitlI••••• adeaddinado•slOWAi /610}Itai•Ov Lail INDICOUVOKOM NIIIII•01.••••01.11014 1.11212KI ."`ew Thlifirtt0004 sue DERSDNY-0009287 EFTA_00157072 EFTA01289435

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Schedule of Realized Gains and Losses Current Period (continued) January 1,2017- January 31,2017 SOUTHERN FINANCIAL LLC 13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (RFO) Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRSForm 1099-B Message3 Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to WrC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Activity Summary (All amounts shown awn base currency) Cedes ThisPedod Debits ThisPerlod Net ThisPedod CrediteYear-to-Date Debits Year-to-Dete Net Yew-to-Date Securities Securities Sold 390,711.12 0.00 390,714.12 300,714.12 0.00 390,714.12 Total Securities 5390,714.12 $0.00 $390,714.12 $390,714.12 $0.00 $390,714.12 Dividends and Interest $18,572.88 $0.00 $18,572.88 $18,572.88 $0.00 $18,572.88 Fees $0.00 425.00 425.00 $0.00 425.00 425.00 Totals $409,287.00 425.00 $409,262.00 8409,287.00 425.00 $409,262.00 Transactions by Type Activity of Process; Trade; Settlement Tremeaction Date Date Adivity Type Securities Bought and Sold 01119/17 01113117 SOLO ARIA Total Securities Bought and Sold - U.S. DOLLARS DeectIption OtuntIty Price Accrued Meted Amen' Omenq ARIAD PHARM ACEUTICALS INC UNSOL AVERAGE UNIT PRICE -16,535.000 23.6904 390,214.12 urn TRANSACTION YOUR BROKER ACTED AS AGENT CONFIDENTIAL - PURSUANT TO FED. R CRAM. P. 6(e) 0.00 390,714.12 Page 13 of 17 CONFIDENTIAL M____ Parion 436) la ic bee MO as ""'r"`—trinYtt00046484 DB-SDNY-0009288 EFTA_00157073 EFTA01289436

Transactions by Type of Activity (continued) Process' Trade; Settlement Translation Date Dale Activity Type Description Duentily Price Acaued Interest Amount °Agency Dividends and Interest 01/03/17 CASH DIVIDEND RECEIVED 5000 SHRS VIACOM INC NEW CLB RD 215 PD 0103117 1.000.00 USD VIAB 01/12/17 FOREIGN SECURITY DIVIDEND GLAXOSMI THKLINE PLC SPONS ADR RD 1104 PD 017/V CASH 2.310.40 USD RECEIVED DIV (I 0.46208 5000 SHS GSK 01/25/17 CASH DIVIDEND RECEIVED 23000 SIRS GENERAL ELECTRIC CO COM RD 2127 PD 0125/17 5,52000 USD GE 01125/17 BOND INTEREST RECEIVED 290000 WASHINGTON 14 UT M TG SECS CORP 2004-RA2 M TG 3387 38 USD 939336520 PASSTHRU CTF CL C-8-1VAR RATE 6.6 V% 07/25/33 BIEDTD 06/0104 RD 2/33 P00125117 01131/17 MONEY MARKET FUND DRITSCHEGOVT CASH 6.355.10 USD INCOME RECEIVED 213993682 Total Dividends and Interest - U.S. DOLLARS 0.00 18,572.88 Fees 01/12117 FEE ON FORBGN DIVIDEND GLAXOSMI THKUNE PLC SPONS ADR RD 1104 PD 0121V ADR -25.00 USD WITHHELD AT THE SOURCE FEE(90 0055000 MS GSK Total Fees - U.S. DOLLARS 0.00 Other Transactions 01/31/17 ACTIVITY WITHIN YOUR ACCT ADVERUM BIOTECHNOLOGIES INC COM TRANSFER FROM 10,000 000 000 USD ADVM MARGIN 01/31/17 ACTIVITY WITHIN YOUR ACCT ADVERUM BIOTECHNOLOGIES INC COM TRANSFER TO CASH -10.900.000 0.00 USD ADVM 01/31/17 ACTIVITY WITHIN YOUR ACCT AFftE INC COM TRANSFER FROM MARGIN 250 000 000 0.00 USD AAPL 01/31/17 ACTIVITY WITHIN YOUR ACCT AFftE INC COM TRANSFER TO CASH -250,000 000 0.00 USD AAPL Total Ot her Transactions - U.S. DOLLARS 0.00 0.00 Total Value of Transactions 0.00 409,262.00 USD The price and quantity displayed may have been rounded. Page '4 of CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL es papaws t r.... Owl" •• lanrne9.0 NU ••#,Pothry LK • AS .......thkelin. kit 4.••• TA MAMNIrtaillien WM IMICIIMANCCOIS lilab..Orpwasiet/ SI tnettaCt '"Stilltren 00046465 DB-SDNY:0009289 EFTA_OO 157074 EFTA01289437

Deutsche Bank P.O Box 1776, Baltimore, MD 21203 Corporate Act ion Events Not Yet Processed Security Securities Not Yet Received N0VERATIV INC C0M January 1,2017 - January 31,2017 SOUTHERN F1NA NCIALLLC Bred Type Eg4kvielend Distribution Beat ID Date Dale DuantilyNal0 Rite Sent 0ramtly Cement PrIca blight Value SPIN-OFF 02102117 02/07/17 2.095.000 0.5000000 DAL0C000LGR 1,047.0000 0.0000 0.00 Total Securities Not Yet Received $0.00 The above information has been obtained from sources we believe to be reliable. All items are subject to receipt. xed Inc meAnalysis Bond Quality %or Done Bond Quality MOM Value Merket Win Penal of Axed income A BA A BA/ Lower 2,382,585.00 8,454,500.00 7,480,687.87 12% 44% 39% . Not Rated 879,788.69 5% Total 19,197,561.56 100% 0 20 40 60 80 100 Bond Maturity Schedule Bond Maturity IMI 1 tO 5 years n6 to 10 years • Over 10 years Total Market Value %al Bond Merkel Value 358,897.50 2% 316,125.00 2% 18,522,539.06 96% 19,197,561.56 100% Percentages of bond market values are rounded to the nearest whole percentage. Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. Bonds that are in default are not included. Cient Se. vice Information Your Client Advisor:94J JOSHUA SHOSHAN 280 PARK AVE- 3RD FL NEW YORK NY 10017 Contact Infantile(' Telephone Number: CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Page 15 of 17 to pandas t imlealoa lagisibe Su OnlgiSeIMOSOK•Set adeaddln400•114614•7•0 tt..., :-JE ......latI liallienelareasenas Nistspeentliitidesi wruee h"""tIllrtatt0004s4436 DI3-SDNY-0009290 EFrA_OO 157O75 EFTA01289438

Your Account Informati n TAX LOT DEFAULT DISPOSITION METHOD Default Method for M utual Funds: FIRST IN FIRST OUT Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT Default Method for all Other Securities: FIRST IN FIRST OUT BOND AMORTIZATION SECTIONS Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Constant Yield Method Include market discount in income annually: No ELECTRONIC 0 EU VERY You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Client Advisor for more information. Important Information and Disclosures The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. • Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. • Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. • Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. • For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. • Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability. • This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. • Your financial organization's contact information can be • t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted. Important Arbitration Disclosures • All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. • Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. • The ability of the parties to obtain documents,witness statements and other discovery is generally more limited in arbitration than in court proceedings. • The arbitrators do not have to explain the reason( s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the Page 16 of 17 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL N pandas Is...fin NU Cloidn 'Set Moldleal wY WONT Oiler :WM IstrelCalliteleaCilt ° OL` / "I‘ ,1511rtt00046467 OB-SDNY-0009291 EFTA_00157076 EFTA01289439

Deutsche Bank P.O. Box 1776, Baltimore, MD 21203 Important Information and Disclosures (continued) January 1, 2017 - January 31, 2017 SOUTHERN FINA NCIAL LLC Important Arbitration Disclosures (continued) panel at least 20 days prior to the first scheduled hearing date. • The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. • The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court. • The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07399: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Page "7 of N papule. as." %bat Peso, kic..kag tat) anal *bade" 41 Ito Mad We Ve4i tflmna DB-SDNY-0009292 EFTA_00157077 EFTA01289440