From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: square IPO Date: Tue, 17 Nov 2015 18:30:00 +0000 Morgan Stanley is also on Square deal shall i put in for shares there as well? please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: From: "Atlas, Andrew S" < Subject: RE: square IPO Date: November 17, 2015 at 11:16:17 AM EST To: Richard Kahn < Hey Rich, IPO is coming on Thursday. Southern Trust Company can absolutely indicate. Here are the Square details: Square Inc. ("SQ" / NYSE) Offer size: 27,000,000 Shares Price Range: $11 - $13 Speak soon, Andrew Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan Complex 1290 Avenue of the Americas, 12th Floor I New York, NY 10104 EFTA00704241 Tel/Direct: Fax: Original Message From: Richard Kahn [mailto: Sent: Tuesday, November 17, 2015 11:06 AM To: Atlas, Andrew S (Wealth Mgmt MS) Subject: square IPO when is IPO? can we put in for shares? please advise thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity. Unfortunately, we cannot execute such instructions provided in e-mail. Thank you. The sender of this e-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. Erroneous transmission is not intended to waive confidentiality or privilege. Morgan Stanley reserves the right, to the extent permitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html. If you cannot access this link, please notify us by reply message and we will send the contents to you. By messaging with Morgan Stanley you consent to the foregoing. EFTA00704242