From: Vinit Sahn Sent: 3/14/2014 3:40:22 PM To: Paul Morris Subject: Re: 110/86, 105/90.25 IC] Classification: Confidential Watching to see how this develops i would think. From: Paul Morris Sent: 03/14/2014 03:38 PM EDT To: Vinit Sahni Subject: Fw: 110/86. 105/90.25 ICI Classification: Confidential he decided not to trade today Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York. NY 10154 Cell: Offic Fonvardod by Paul Mortisrdb/dbcom on 03/142014 0138 PM -- Front Tazia Sma To: jeevacationtOgrnaileore Cc: Paul Morrie Veld Satin'Nav Gupta/ribi Date: 03/142014 01:28 PM Subject: Re: 110/88, 1059025 (c) Classification: Confidential Jeffrey - Initial Margin is 13%. 13% = $1,118,000 for 100k bbls 110/86 13% = $1,173,000 for 100k bbls 105/90.25 put the $20/bbl KO not given weight in Credit Risk Management's calculation model given the statistical unlikelihood. From Tata Smith/db/dbeom To: Jeffrey Epstein leevarationegmaileom Date: 03/14201412:57 PM Subject: Re: 11088 10590.25 [C] CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110803 CONFIDENTIAL SDNY_GM_00256987 EFTA01453280