(Embedded image moved to file: pic25794.gif) From: dbcom Joshua Shoshan/db/- To: Caroline Kitidis/db/dbcom, "Chip P " Haig Ariyan/NewYork/DBNA Michael Iaquinta/db/- dbcom, Cc: Zbynek Kozelsk Mathew Negus/db/dbcom, Donald Summer/NewYork/DBNA/D Date: 12/16/2013 10:49 AM Subject: [C] ECM carve out to KCP client Classification: Confidential Greetings, Caroline, Chip, Haig. Tazia and I discussed this case this morning. The proposal from Tazia is that Mr. Epstein would indicate for certain deals, and that he be allocated shares on these transactions from the "KCP allocation". You can see the history below. As this is the first such case, it is proposed that Mr. Epstein be allocated 50bps of the shares allocated to Wealth Management for the deals in which he participates? Do you agree, and will you kindly respond so that Mike Iaquinta and the rest of us are aware of this arrangement? Please also let us know if you have questions or concerns. Best regards, --Josh EFTA01351706