z 300,000 250,000 200,000 150,000 100,000 50,000 0 2003 2004 2005 2006 2007 Equity Volume Equity Derivatives Volume Source: World Federation of Exchanges (October 2015) @ October 2015 LedgerX Confidential 2 EFrA_R1_00013237 EFTA01734797 Bitcoin Volume Projections Monthly Notional ($ millions)

imates; 2) annual federal income in F2010, per Dept. of Treasury; 3) as of 1/11, per S&P; 4) GDP is 2010 nominal figure, per BEA; 5) as of 1/10, per World Federation of Exchanges; 6) as of CQ3:10, calculated as total net worth of households & KP nonprofit organizations, per Federal Reserve (12/10 data). CC —— USA Inc. | Balan