From: Michael A Taormina •

From: Michael A Taormina • To: "jeevacationgginail.com" ccjeevacationccOunail.com> Cc: Jeffrey M Matusow Subject: today's trade Date: Thu, 13 May 2010 16:08:45 +0000 Inline-Images: image001.png Jeff, You sold 3000 TNAV at 9.3873 Let me know if you have any questions, Michael Michael A. Taormina, CFA J.P. Morgan I Global Investment Opportunities Group 40 West 57th Street, Floor 33 New York, NY 10019 IRS Circular 230 Disclosure: WMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with WMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. This is not an official confirmation. EFTA00759133 JPMcngcat Private r; the mcateting n.-one fa the pirate kinking burnt; ccoultrted 1v JPLIcalcat Chan & Co. , and its sultrketes worldwide. JPMorpn Chase Bank, N.A and LP. Morpn Trast Co., N.A an members of the FDIC. LP. Morgan Securities Inc. (JPMSI) t a member of the New York Stock Bxchanp and otter national ant re gional exchanps. JPMSI t the trokr-deakr, member NASD, SIPC. In addition, JPMorpn Chase & Co. may operate various otter broker-dealers or investmentadvisory entities. The following is king provided for informational purposes only and/or in response b your requst. Information contained in this messap and any accompanying documentation, including but not limited b any research, market valuations, statement, confirmations, cakuktions or estimates, is believed b be reliable, but we do not warrant it compktness or accuracy. Opinions and estimats constitute our judgment and an subject to change without notice. Past performance is rot indicative of futon mobs. Tht material is not intended as an offer or solicitation for the purchase or salt of any financial iistrament. The broker-deakrs and/or tut affiiates and employees may hold a position or act as market maker in the financial instmment of any issuer discussed herein or act as tutderwrinr, pkcement apnt, advisor or knder to such issuer. Valuations provided reflect price estimates on the dat(s) specified. Pkan nfer b your official statement/confirmation. We cannot guarantee that different pikes wouli not be availabit elsewhere and sugpst that several valuations from otter sources be obtained for the purpose of making nqaired cakulatims. Target prices and anticipated yilds an Deed upon research material; and tun can be no issuances that these prices or yields can be naked. The obligations cad the moult's.; :mkt, offend, or tecommencled, including 'animal funds, ale not &pacts cad ale not obligations of, or endornd or guaranteed by, cat; kW: or thrift, nor are they errand by tie FDIC or cow go...nu-anent:a ccency Pleat contact yOltr JP Morgan Private Bank teprecnntatrie for further infatuation or regarclug any trana-ction This fl ame:tear is fir the sole use of the pttliar b wfralt it is addressed, and nag be priviltged and confidential. Ary use, distribution, or duplication by anyone other than the addressee is prohibited. If you receive this in error, please naafi, the sender immediately and lthOlf it by mail. 0 2COS IPMorgan Chase & Co. From: Michael A Taormina Sent: Thursday, May 13, 2010 10:13 AM To: '[email protected]' Subject: RE: today's deals Also, the Telenav priced at 8 - should begin trading in a little over an hour Michael A. Taormina, CFA J.P. Morgan I Global Investment Opportunities Group 40 West 57th Street, Floor 33 New York, NY 10019 IRS Circular 230 Disclosure: WMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with WMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. EFTA00759134 From: Michael A Taormina Sent: Thursday, May 13, 2010 10:11 AM To: '[email protected]' Cc: Jeffrey M Matusow; Justin X Gratz Subject: RE: today's deals Jeff, You sold the 5,500 RPT @ 11.70 Let me know if you have any questions, Michael Michael A. Taormina, CFA J.P. Morgan I Global Investment Opportunities Group 40 West 57th Street, Floor 33 New York, NY 10019 IRS Circular 230 Disclosure: WMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with WMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. This is not an official confirmation. EFTA00759135 JPMcngcat Private r; the mcateting n.-ane fa the pirate kinking bumnea; ccoultrted by JPLIcatart Chan & Co. , and its sulxideanes worldwide. JPMorpn Chase Bank, N.A and LP. Morpn Trast Co., N.A an members of the FDIC. LP. Morgan Securities Inc. (JPMSI) t a member of the New York Stock Bxchanp and otter national ant re gional exchanps. JPMSI t the trokr-deakr, member NASD, SIPC. In addition, JPMorpn Chase & Co. may operate various otter broker-dealers or investmentadvisory entities. The following is king provided for informational purposes only and/or in response b your requst. Information contained in this messap and any accompanying documentation, including but not limited b any research, market valuations, statement, confirmations, cakuktions or estimates, is believed b be reliable, but we do not wamnt it compktness or accuracy. Opinions and estimats constitute our judgment and an subject to change without notice. Past performance is rot indicative of futon mobs. Tht material is not intended as an offer or sokitation for the purchase or salt of any financial iistrament. The broker-deakrs and/or tut affiliates and employees may hold a position or act as market maker in the financial instmment of any issuer discussed herein or act as tutderwrinr, pkcement apnt, advisor or knder to such issuer. Valuations provided reflect price estimates on the dat(s) specified. Pkan nfer b your official statement/confirmation. We cannot guarantee that different pikes wouli not be available elsewhere and sugpst that several valuations from otter sources be obtained for the purpose of making nqaired cakulatims. Target prices and anticipated yields an Deed upon research material; and tun can be no issuances that these prices or yields can be naked. The obligations caul the :Rowdier; :mkt, offend, or tecommencled, including 'animal funds, ale not cblr;ds cad ale not obligations of, or endornd or guaranteed by, cat; kW: or tluift, 3101' are they utured by tie FDIC or caw gowninentalccency Pleaw contact yOltr JP Maga% Private Bank teprecnntatrie for further infatuation or regcatitig caw trona-ction This fl ame:tear is fir the sole use of the pttliar b wfralt it is addressed, and nag be priviltged and confidential. Ary use, distribution, or duplication by anyone other than the addressee is prohibited. If you receive this in error, please naafi, the sender immediately and lthOlf it by mail. 0 2COS IPMorgan Chase & Co. From: Michael A Taormina Sent: Thursday, May 13, 2010 9:16 AM To: '[email protected]' Cc: Jeffrey M Matusow; Justin X Gratz Subject: today's deals Jeff, You received 3,000 TNAV. The IPO price hasn't been declared effective - I will let you know the price as soon as it is. You received 5,500 RPT. It priced at 11.50 and is trading around 11.57 right now. Let me know if you have any questions, Michael Michael A. Taormina, CFA J.P. Morgan I Global Investment Opportunities Group 40 West 57th Street, Floor 33 New York, NY 10019 EFTA00759136 IRS Circular 230 Disclosure: WMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with WMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. This is not an official confirmation. JPMoigat Private Bcoil: r; the marketing n.-one fa the pirate tram; entire';; ccoulucted 1v JPLIorgat Co. , and its subndica-ms worldwide. JPMorpn Chase Bank, N.A and LP. Mogan Trost Co., N.A an members of the FDIC. LP. Morgan Securities Inc. (HMS') t a member of the New York Stock Bxchanp and otter national and re gional exchanges. HMS' t the trokr-dealer, member NASD, SIPC. In addition, JPMorpn Chase & Co. may operate various otter broker-dealers or investmentadvisory entities. The following is king provided for informational purposes only and/or in response to your recpest. Information contained in this messap and any accompanying documentation, including but not limited to any research, market valuations, statement, confirmations, cakuktions or estimates, is believed t be reliable, but we do not wamnt it compktness or accuracy. Opinions and estimats constitute our judgment and an subject to change without notice. Past performance is rot indicative of foram mobs. This material is not intended as an offer or soltitation for the purchase or alt of any financial imtrament. The troker-deakrs and/or their affiliates and employees may hold a position or act as market maker in Ott financial instmment of any issuer discussed herein or act as underwriter, pkcement apnt, advisor or knder to such issuer. Valuations provided reflect price estimates on the dat(s) specified. Pkase afar t your official statement/confirmation. We cannot guarantee that different prices woukl not be available elsewhere and sugpst that several valuations from otter sources be obtained for the purpose of making nqaired cakulatims. Target prices and anticipated yilds an bead upon researchmaterial; and there can be no issuances that tun prices or yields can be realized. The oblegaticou; cowl the motritim; :mkt, citified, or recommended, including multeal funds, ale not &pacts old ale not oblegchons of, ca. enctnd or gicranteed by, any tail: ca. tludt, 3101' are they errand by tie FDIC ca. cow gownmentalccency Pleat contact yOltr JP Maga% Private Bank mprewritatrie for further enfantanon ca. in arcing aw travirction. This erformatiar is for the sole use of the pttliar b earrcex it is addressed, and nosy be priviltged and confidential. shy use, distribution, or duplication by anyone other thaw the addressee is prohibited. If you receive this in 0110f, please nail), the sender immediately and lthOlf it by mail. 0 2COSIPMorganOtase & Co. EFTA00759137