From: Richard Kahn Sent: 12/7/2015 9:23:27 AM To: Ariane Dwye CC: Paul V Morris Vahe Stepanian Subject: Re: Dispersion Call Option [C] please confirm bid of 0.60% converted to dollars is 24,996 thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 to fa ce On Dec 7, 2015, at 9:19 AM, Ariane Dwyer cil wrote: Good morning Rich, Per your request please find below the details from the trader: Stewart Oldfield Underlying Spots .HSCE 9,822.72 N225 .SPX 19.749.28 2,086.14 STOXXS0E 3 379 00 Realized dispersion: —9.97% (using above spot references) Indicative bid: 0.60% Best, Ari From: Vahe Stepanian Sent: Monday, December 07, 2015 8:56 AM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield Subject: RE: Dispersion Call Option [C] Classification: Confidential Good morning Rich - yes, I will request from traders and be back to you. Thank you, Vahe 33.69 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0043396 CONFIDENTIAL SDNY_GM_00189580 EFTA01357083