From: Mathew Negus Sent: 3/18/2015 9: 9: To: Paul Morris Subject: RE: February 15 Revenue Report y Account Type) [I] Classification: For internal use only Yep. We actually spoke to Jatin two weeks back and he agreed to pay them upfront as a `one- off' so we should see the full clip in March production. Kind regards, Mathew Negus Vice President I Key Client Partners - Americas DB Securities Inc Deutsche Asset & Wealth Management 345 P -0004 New York, NY, USA Tel. Mobil Email From: Paul Morris Sent: Wednesday, March 18, 2015 8:53 AM To: Mathew Negus Subject: Re: February 2015 Revenue Report (by Account Type) [I] Classification: For Internal Use Only Ok good to know, are all RCs paid in arrears? So when trade is closed? From: Mathew Negus Sent: Tuesday, March 17, 2015 06:28 PM To: Paul Morris; Andrea Tapia Subject: RE: February 2015 Revenue Report (by Account Type) [I] Classification: For Internal use only No delay, the commodity swap is an accrual trade so RCs are paid in arrears not upfront. 30k is right up to February. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 116370 CONFIDENTIAL SDNY_GM_00262554 EFTA01457001