Warby Parker https://a.auto-recall.com/click.php/e45408500/TY

s margins relative to other retailers. By way of direct sales, both online and offline, plus careful maintenance of lean inventory. Oppa (much like Warby Parker in the US eyeglass market) can consistently produce contribution margins that exceed conventional industry norms, without increasing prices. VALAR

ate Rile Aid RAD Saks Fifth Ave HBC Sears SHLD Splunk SPLK Staples SPLS Steverd Health Care System Private The Sports Authorky Private Warby Parker Private Watt% Private Scarce Desarechs EWA Deutsche Bank Securities Inc. Page 59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-009

ate Rile Aid RAD Saks Fifth Ave HBC Sears SHLD Splunk SPLK Staples SPLS Steverd Health Care System Private The Sports Authorky Private Warby Parker Private Watt% Private Scarce Desarechs EWA Deutsche Bank Securities Inc. Page 59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-009

To: Ike Grof From: Sent: Thur 7/20/2017 2:48:15 PM Subject: I'm at JE's! Hi! I Im at JE's —i can't get my IM to pull up... Stopped at Warby Parker and had my glasses adjusted-SO much better :) EFTA_R1_00966166 EFTA02224794