?tan et serritt 'I "" Ors•Zonlort thOlio. •••••••Ein ronor••• ,.. sr... oeC CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 61:0FREY 0 N F I D ENTIAL EXCYIIIINCS SDNY_GM_00049250 DB-SDNY-0012074 EFTA_OO159859 EFTA01291503 Important Information and Disclosures (continued) The Role of Pershing (continued)