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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01043528: Andrew, Southern Trust and Recording (DS9)

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This document is correspondence between Andrew Atlas and Richard Kahn regarding Southern Trust Company activity, including a purchase of 40,000 shares of Validas Holdings Preferred stock. The email references Morgan Stanley voice recording consent notifications and includes contact information for HBRK Associates Inc. at 575 Lexington Avenue, New York, NY.

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(VR) Perpetual Preferred Stock; 5.875% Area; Fixed-for-Life Hey Rich, **Southern** **Trust** Co, bot 40k shares of Validas Holdings Preferred.
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Also keeping Evan abreast of all **Southern** **Trust** activity. Thanks again, Andrew Andrew S.
Excerpt 3
By communicating with Morgan Stanley you consent to the foregoing and to the voice **recording** of conversations with personnel of Morgan Stanley.

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