Subject: RE: bullish expression of single stocks [C] From: Daniel Sabba cffi. Date: Wed, 10 Jun 2015 11:44:43 -0400 To: Ariane Dwyer < > 'effre E <'[email protected]> Cc: Paul Morris Stewart Oldfield Vahe Stepanian Classification: Confidential Jeffrey, per our conversation, you would still like to purchase 5000 shares of dish networks at market, regardless of DB Research not covering it. Thank you, Daniel From: Daniel Sabba Sent: Wednesday, June 10, 2015 11:28 AM To: Ariane Dwyer; jeffrey E. Cc: ; Paul Morris; Stewart Oldfield; Vahe Stepanian Subject: RE: bullish expression of single stocks [C] Classification: Confidential Jeffrey — please see email below from Ari. Please note DB does not cover DISH Networks. Would you still like to buy 5000 shares of it? Please confirm. From: Ariane Dwyer Sent: Wednesday, June 10, 2015 11:14 AM To: jeffrey E. Cc: Daniel Sabba; ; Paul Morris; Stewart Oldfield; Vahe Stepanian Subject: RE: bullish expression of single stocks [C] Classification: Confidential Jeffrey, EFTA01401400

We are reaching out the research analysts to answer your questions. Please note DB research does not cover Dish Networks. It covers Dish TV, whose research report we sent earlier. Please see the updated table reflecting this information below: Company Ticker Price @ 6/1/15 Close Price @ 6/10/15 DB Global Markets Research Rating (GMR) DB GMR Target @ 6/1/15 DB GMR Target @ 6/10/15 Retrophin RTRX $31.85 $31.90 Buy $52 $55 Orexigen Therapeutics OREX $4.91 $4.51 No Coverage Akorn Inc. EFTA01401401

AKRX $46.25 $46.23 Buy $55 $55 Dish Networks DISH $72.07 $72.78 No Coverage Pioneer Natural Resources PXD $149.77 $150.00 Hold $182 $175 EOG Resources Inc. EOG $88.76 $90.04 Buy $101 EFTA01401402

$101 General Dynamics GD $140.25 $140.56 Buy $166 $166 Delphi Automotive DLPH $86.83 $87.42 Buy $94 $94 Comcast CMCSA $58.78 $58.13 No Coverage Glaxo Smith Kline GSK 1456 GBP EFTA01401403

1376 GBP Hold 1540 GBP 1540 GBP Viacom VIAB $66.71 $67.40 Buy $85 $85 Baidu BIDU $201.56 $204.92 Buy $239 $239 Alibaba BABA $90.78 $88.32 Buy $104 EFTA01401404