rey — per Rich's request, please find an indicative level below to unwind your Brazil CDS protection. We will follow up with separate emails for (1) GE Bond and (2) JPYKRW. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0060417 CONFIDENTIAL SDNY_GM_00206601 EFTA01368601

From: Paul Morris Sent: 1/15/2016 6:30:50 PM To: Mane Dwyer [ j Subject: RE: GE Bond Thanks Original Message From: Ariane Dwyer Sent: Friday, January 15, 2016 04:59 PM Eastern Standard Time To: Paul Morris; Stewart Oldfield Cc

We will follow up with separate emails for (1) GE Bond and (2) JPYKRW. DB's bid for your Brazil CDS protection is 445bps p.a. This equals an unwind fee payment by DB of $1,256,044. Recall you paid 491,9

Subject: RE: GE Bond From: Paul Morris a> Date: Fri, 15 Jan 2016 18:30:50 -0500 To: Ariane Dwyer a> Thanks Original Message From: Ariane Dwyer Sent: Friday, Janu