575 Lexington Avenue 4th Floor New York, NY 10022 On Dec 7, 2015, at 9:19 AM, Ariane Dwyer Good morning Rich, Per your request please find below the details from the trader: wrote: Underlying Spots .HSCE 9,822.72 .N225 19,749.28 .SPX 2,088.14 STOXX50E 3.379.00 EEM P 33.59 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 From: Richard Kahn Sent: Monday, December 07, 2015 8:52 AM To: Vahe Stepanian Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield Subject: Re: Dispersion Call Option [C] Can you please have traders provide me with a bid I can present to mr Epstein. Thank you. Sent from my iPhone On Dec 4, 2015, at 1:56 PM, Vahe Stepanian rote: CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0043417 CONFIDENTIAL SDNY_GM_00189601 EFTA01357097