Subject: RE: EURUSD Indicative Pricin [C] From: Vahe Stepanian Date: Thu, 10 Mar 2016 11:13:06 -0500 To: Richard Kahn Cc: Daniel Sabba Ariane Dwyer Paul Morris < Classification: Confidential Rich — we'll be back to you shortly with refreshed indicative pricing. Thank you, Vahe From: Richard Kahn [mailto: Sent: Thursday, March 10, 2016 10:22 AM To: Vahe Stepanian Subject: Re: EURUSD Indicative Pricing [C] can you please refresh again with euro at 1.1119 this am thank you Richard Kahn HBRK Associates Inc. EFTA01477695

On Mar 4, 2016, at 12:34 PM, Vahe Stepanian a wrote: Classification: Confidential Jeffrey — refreshed, indicative levels are included below per Rich's request. Please let us know if you have questions. Thank you, Vahe EUR 1.12 Call and EUR 1.091 Put Spot ref 1.1012 Leg 1: European Option Call SOFL sells European EUR Call on EUR/USD Strike: 1.12 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 EFTA01477696

Settlement: Thu 08-Sep-2016 Leg 2: European Option Put SOFL buys European EUR Put on EUR/USD Strike: 1.091 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 Net Premium: SOFL Pays USD 0 EUR 1.13 Call and EUR 1.08 Put Spot Ref 1.1017 Leg 1: European Option Call SOFL sells European EUR Call on EUR/USD Strike: 1.13 Notional: EUR 100,000,000 EFTA01477697