EFTA01461585

From: Tazia Smith Sent: 4/17/2014 6:35:59 PM To: richardkahn12@gmail.com; Vahe Stepanian I; Nay Gupta I I; Vinit Sahni CC: Paul Morris Subject: Fw: Trade recap (DB / SOFL) ICI Classification: Confidential Rich, Vinit, Nay, Vahe - Wanted to be sure you had this execution for your records. Tazia Forwarded by Tazia Smithrdbodbcom on 04/1712014 03.39 PM --- From. Matthew OConnor/db/dbcom©DBCOEX To. leencation@gmaitcom- <beeyacationegmaileon». Paul MornsidefebcomODBAMERICAS. Tazia Sinithieb/dbeorreDBAMERICAS. Cc: Laura Krattlildb/dbcom. Matthew OComor/db/dbcom. Jatin BindaVdb/dbcom. Amit GargAlb/dbcom, MO Commodities/db/dbcom@DBEMEA. James Fordhanydb/dbcom. PrateekJaiNdbolbcom.StayresValayaniaidbiebcom Date: O4/17/2014 O3:38 PM Subject' Trade recap (DB / SOFL) Classification: External Communication Jeffrey - Thanks for the trade. To recap: Underlying: Jun14 WTI Bloomberg code: CLM4 <comdty> EMS Counterparty code: SOFL SOFL sells $101 call for $3.27/bbl SOFL buys $93.5 put for $.15/bbl Premium: DB pays $3.12/bbl ($312,000) Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below $20/bbl. This trade fully unwinds existing trade. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123724 CONFIDENTIAL SDNY_GM_00269908 EFTA01461585