Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell On Dec 7, 2015, at 9:36 AM, Ariane Dwyer wrote: Hi Rich, yes that is correct. From: Richard Kahn [mailto: Sent: Monday, December 07, To: Ariane Dwyer Cc: Daniel Sabba; Paul Morris; Stewart Oldfield; 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 Ne tel fax cel 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 Realized dispersion: —9.97% (using above spot references) Indicative bid: 0.60% 33.59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00219854 DB-SDNY-0073670 EFTA01377111