From: Vahe Stepanian Sent: 5/15/2017 1:06:00 PM To: Stewart 0ldfield I Subject: FW: MBLY Tender [C] [I] Classification: For Irdemal use only For our records — we spoke to Rich today and walked him through his various options as it relates to MBLY. He thought that selling the 800 MBLY shares in his account will likely be the best path forward given the small size of the position — but he will confirm with us in the next few days. From: Stewart Oldfield Sent: Monday, May 15, 2017 8:40 AM To: Vahe Stepanian < >; Chris Harvey < Subject: RE: MBLY Tender ICI II] Classification: For Internal use only Note that my reading of the doc shows that they will not end up with nothing if they do not tender. But once the tender goes through, there is a delay before they will get anything, and they would still be subject to the tax withholding. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0069039 CONFIDENTIAL SDNY_GM_00215223 EFTA01374382