From: Paul Barrett < Sent: Wednesday, August 1, 2018 4:21 PM To: Jeffrey E.; Richard Kahn Subject: RE: PLN Hedge to roll Will do Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 <mailto From: jeffrey E. <[email protected]> Sent: Wednesday, August 01, 2018 12:14 PM To: Paul Barrett < >; Richard Kahn < Subject: Re: PLN Hedge to roll get out by the end of the week, thx On Wed, Aug 1, 2018 at 12:09 PM, Paul Barrett < <mailto wrote: Jeffrey > > We are still long 20,000 shares of CD Projekt (Polish gaming stock). We bought the stock back in April at PLN120. Currently at PLN204. So up around $411K on this remaining tranche. We did take profits on the other half at PLN165. EFTA_R1_01791515 EFTA02602817

I think we should hold the position. If you agree I would like to roll the PLN hedge that is maturing tomorrow. We are short 3.3MM PLN vs $878K USD via the hedge. I don't have a view on PLN and would rather not have the exposure. We could roll for 3 months. Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 <mailto please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01791516 EFTA02602818