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Cc: Jeanne Brennan; Daniel Sabba; Ariane Dwyer; Darren Indyke Subject: Re: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] can you please send backup for your calculation thank you Richard Kahn HBRK Associates Inc 575 Lexington Avenue 4th Floor New York, NY 10022 On Apr 7, 2015, at 8:58 AM, Vahe Stepanian wrote: Classification: Confidential Good Morning Rich / Jeanne - Southern Financial needs to make a payment of USD 152,705.94 to D8 today to settle the WTI short vol. trade. Please confirm its okay to make the payment and I will call Darren for verbal confirmation. Thank you, Vahe From: Vahe Stepanian Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — please find WTI short vol. settlement details: Index strike for 2Apr is 242.8579 Discount factor is 0.9994011 Southern Financial pays USD 152,705.94 to DB Settlement date: 7 Apr 2015 Thank you, Vahe From: Vahe Stepanian Sent: Thursday, April 02, 2015 3:00 PM To: Jeffrey Epstein Cc: Daniel Sabba; 'Richard Kahn'; Paul Morris; Ariane Dwyer Subject: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 116542 CONFIDENTIAL SDNY_GM_00262726 EFTA01457133