<table><tr><th>From:</th><th>Giuffrida, David J</th></tr><tr><td>Sent:</td><td>Thursday, May 31, 2012 7:40 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>Barrett, Paul S</td></tr><tr><td>Subject:</td><td>refreshed pricing</td></tr></table>

250,000 barrels

=0Abuy 120 call

* = sell=80 put

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This compares to cost of $0=2E24/bbl on the futures options ($60,000)

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Paul had to step off for Jury d=ty. Please let me know if you have any questions and I’ll ca=l you.

Global Investment Opportunities Group

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320 Park Avenue, 14th Fl=or

New York, NY 10022

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