<table><tr><th>From:</th><th>Richard Kahn &lt;richardkahn12@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Friday, May 20, 2016 1:36 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Oil</td></tr></table>

is their a notional of WTI barrels on each leg i should use =or this quote? also confirming we are purchasing calls =nd selling puts for cashless trade (risk reversal)

please advise

Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022

On May 20, 2016, at 9:22 AM, jeffrey E. <jeevacation@gmail.com> wrote:

get a spread sheet on cashless =11 50 calls . 3 month 6 month = 55 calls 6 months 9 =onths i will need by

12

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