EFTA01447830.pdf

Put option process and timeline 4. DB closes 1. Investor agrees in 2. DB completes due 5 (a). Loan repaid — transaction & pays ii-->" principle to key terms diligence on its loan i option expires premium to Investor i ,i 3. Investor & DB go > 5 (b). Loan defaults firm on commitment and terms, with 6. DB enforces on loan penalties for breakage collateral L. 8 (a). Investor or other 7. DB runs auction on 30 party wins auction Collateral and takes Collateral - option expires 8 (b). Auction fails and DB takes ownership of Collateral 9. DB puts Collateral to Investor in exchange for the Strike Price r 10. Investor now owns the Reference Asset Deutsche Bank 4 Corporate Banking & Securities Confidential — Not for Distribution CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0102589 CONFIDENTIAL SDNY_GM_00248773 EFTA01447830