Subject: Re: ECM carve out to KCP client [C] From: Caroline Kitidis <[email protected]> Date: Mon, 16 Dec 2013 11:23:35 -0500 To: Joshua Shoshan <[email protected]> Cc: Chip Packard <[email protected]>, Donald Summer <[email protected]>, Haig Ariyan <[email protected]>, [email protected], Michael Iaquinta <[email protected]>, Zbynek Kozelsky <[email protected]> Classification: Confidential Thanks Josh. Yes, Epstein is one of our first focus KCP Cap market accounts. This is the account that Paul Morris and Tazia have worked on, bringing 200mm of assets over from JPM. He has started trading with us already, and we have him targeted to be a Tier 1 KCP client for 2014. As such, I think it makes sense to think about his allocation from a KCP target bucket as you propose below. Haig and Chip, we discussed this a month ago, having for both PCS and PB, KCP clients that we allocate a % of the allocation. In this specific KCP case, which won't be for all clients, the client is focused on syndicate and wants to be a part of our program. Kind regards, Caroline Kitidis 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 Tel. (212) 454-0601 Mobile (646) 460-0940 Email [email protected] EFTA01351716

{Inactive hide details for Joshua Shoshan---12/16/2013 10:49:45 AM--- Classification: Confidential Greetings, Caroline, Chip, Hai}Joshua Shoshan---12/16/2013 10:49:45 AM---Classification: Confidential Greetings, Caroline, Chip, Haig. Tazia and I discussed this case this morning. The proposal from From: Joshua Shoshan/db/dbcom To: Caroline Kitidis/db/dbcom, "Chip Packard" <[email protected]>, Haig Ariyan/- NewYork/DBNA/DeuBa@DBAmericas, Michael Iaquinta/db/dbcom, Cc: Zbynek Kozelsky/db/dbcom@DBAmericas, Mathew Negus/db/dbcom, Donald Summer/- NewYork/DBNA/DeuBa@DBAmericas Date: 12/16/2013 10:49 AM Subject: ECM carve out to KCP client [C] 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 Joshua Shoshan Director Markets Coverage Group Deutsche Bank Securities Inc. EFTA01351717