Caroline V. Kitidis Managing Director I Head of Key Client Partners & Wealth Investment Coverage - Americas Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154-0004 Original Message From: Joshua Shoshan Sent: 11/05/2013 10:04 AM EST To: Caroline Kitidis Subject: Re: Fw: allocation [C] Classification: Confidential Caroline, as far as I understand, the KCP accounts are Epstein, Rose and Wolfson (Daniel Wolfson will be in the book) -- so far. I guess Bollag is not KCP, but he should be, based upon size -- but there is no KCP interaction here, as far as I know. In short, the KCP accounts should get an allocation before the PCS/PB split, but Mike Iaquinta tells me adamantly that he has no instructions about a KCP carve-out, and he needs those instructions from you, Haig and Chip. Maybe you might call Iaquinta? He is at . Best, --Josh Joshua Shoshan Director Deutsche Bank Securities Inc. Private Wealth Management - Americas Private Client Services 345 Park Ave, 26th Floor New York, NY 10154 From: Caroline Kitidis/db/- dbcom@DBAMERICAS EFTA01351645

To: Joshua Shoshan/db/- dbcom@DBAmericas@DBAMERICAS@DBCOEX, Date: AM Subject: [C] 11/05/2013 09:59 Re: Fw: allocation Classification: Confidential These are KCP accounts we r referring to or PB WIC ? We said KCP accounts shd come off top and they agreed. WIC PB comes out of regular allocation? Caroline V. Kitidis Managing Director I Head of Key Client Partners & Wealth Investment Coverage - Americas Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154-0004 Original Message From: Joshua Shoshan Sent: 11/05/2013 09:55 AM EST To: Caroline Kitidis Subject: Re: Fw: allocation [C] Classification: Confidential EFTA01351646

I spoke to Chip yesterday, and I think we still have a real problem with these special allocations not coming off the top. If they come out of the PB allocation, they are three times more "expensive". Can you try to get that pre-split allocation to take place? Chip said he was talking to you. I have not spoken to Haig, which I think makes sense . Joshua Shoshan Director Deutsche Bank Securities Inc. Private Wealth Management - Americas Private Client Services 345 Park Ave, 26th Floor New York, NY 10154 From: Caroline Kitidis/db/- dbcom@DBAMERICAS To: Joshua Shoshan/db/- dbcom@DBAmericas@DBAMERICAS@DBCOEX, Date: AM Subject: [C] 11/05/2013 09:51 Re: Fw: allocation Classification: Confidential So what is feedback here from chip and haig, their call ? EFTA01351647