From: Richard Kahn Sent: 8/11/2015 3:48:43 PM To: Paul V Morris Subject: Re: Cnh trade [C] just called your office please call when you are free thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor NewSork mNY 10022 tel fax cell M I On Aug 11, 2015, at 2:12 PM, Paul Morris <paul.morris©db.com> wrote: Let's get on the phone ---Original Message---- From: Jeffrey E. [jeevacation®gmail.com] Sent: Tuesday, August 11, 2015 10:43 AM Eastern Standard Time To: Paul Morris; Richard Kahn Subject: Re: Cnh trade [C] imagine we havet alked about yuan weakness over and over and only last week did you guys suggest another put on china. was that with your understanding that the yuan would appreicate?????, On Tue, Aug I I, 2015 at 8:19 AM, Paul Morris <paul.morris@db.com> wrote: Classification: Confidential I understand that's what I mean I'll check From: Jeffrey E. [mailto:leevacation@cimail.corn] Sent: Tuesday, August 11, 2015 10:15 AM To: Paul Mont; Richard Kahn Subject: Re: Cnh trade [C] I bought puts with the view that the yuan would collapse. not surethat if the put is struck at spot 61 and after collapse now selling for 635, how does it not have value. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117892 CONFIDENTIAL SDNY GM_00284078 EFTA01458107