Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 Leg 2: European Option Put SOFL buys European EUR Put on EUR/USD Strike: 1.08 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 Net Premium: SOFL Pays USD 0 From: Vahe Stepanian Sent: Friday, March 04, 2016 11:26 AM To: 'Richard Kahn' Cc: Daniel Sabba; Ariane Dwyer; Paul Morris Subject: RE: EURUSD Indicative Pricing [C] Classification: Confidential Ok, we'll be back to you with refreshed pricing. From: Richard Kahn [mailto: Sent: Friday, March 04, 2016 11:04 AM EFTA01477698

To: Vahe Stepanian Subject: Re: EURUSD Indicative Pricing [C] thanks - jeffrey is still interested in trade can you please reprice as i now see EUR USD in 1.10-1.1025 range thank you Richard Kahn HBRK Associates Inc. On Mar 3, 2016, at 1:22 PM, Vahe Stepanian wrote: Classification: Confidential Yes, the strikes included in your summary below are accurate. Please disregard the headers. From: Richard Kahn [mailto: EFTA01477699

Sent: Thursday, March 03, 2016 1:18 PM To: Vahe Stepanian Cc: Jeffrey Epstein; Daniel Sabba; Ariane Dwyer; Paul Morris Subject: Re: EURUSD Indicative Pricing [C] thank you for sending revised as pricing as improved nicely.. please clarify below as i believe your summary headers have not been updated from original email.. new pricing 1.12 / 1.075 new pricing 1.13 / 1.0675 Richard Kahn HBRK Associates Inc. On Mar 3, 2016, at 1:12 PM, Vahe Stepanian c > wrote: EFTA01477700

Classification: Confidential Jeffrey — please find refreshed indicative levels below per Rich's request. Thank you, Vahe Selling 1.12 EUR Call/Buying 1.0675 EUR Put 6 months expiry Spot Ref 1.0938 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 Settlement: Thu 08-Sep-2016 Leg 2: European Option Put SOFL buys European EUR Put on EUR/USD Strike: 1.075 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 EFTA01477701

Net Premium: SOFL Pays USD 0 Selling 1.13 Call/ Buying 1.056 EUR Put 6 month expiry Spot Ref 1.0938 Leg 1: European Option Call SOFL sells European EUR Call on EUR/USD Strike: 1.13 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 Leg 2: European Option Put SOFL buys European EUR Put on EUR/USD Strike: 1.0675 Notional: EUR 100,000,000 Expiry: Tue 06-Sep-2016 Settlement: Thu 08-Sep-2016 EFTA01477702