From: Jeffrey Epstein <jeevacation@gmail.com>
Sent: Wednesday, March 19, 2014 2:25 PM
To: Tazia Smith
Subject: Re: Paylocity (PCTY) Allocation

sell at end of day

On Wed, Mar 19, 2014 at 6:03 AM, Tazia Smit= wrote:

Jeffrey - You w=re allocated 1,000 PCTY priced at $17. Will post you with trading color into open. Tazia

----- Forwarded =y Tazia Smith/db/dbcom on 03/19/2014 09:00 AM -----

From: Tazia Smith/db/dbcom

To: 
C=: Vahe Stepanian/ , Jay Lipman/ 
Date: 03/18/2014 07:58 PM
Subject: *** PRICING DETAILS *** LEFT =OOKRUN IPO *** PAYLOCITY HOLDING CORP (NASDAQ: PCTY) ***
<=table>

"•" APPROVED FOR EXTERNAL DISTRIBUTION ***

Issuer: Paylocity Holding Corp

Symbol: PCTY

Deal size: 7,045,000 shares (71% primary / 29% secondary) plus 15% greenshoe (35% primary / 65% secondary) ••" upsize from 6,670,000 shares

Offer price: $17.00

Exchange: Nasdaq

Trade date: 3/18

Settlement date: 3/24

Bookrunners:

Deutsche Bank

BAML

William Blair

Co-managers:

Raymond James

JMP

Needham

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this commun=cation relates. Before you invest, you should read the prospectus in that registra=ion statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site, at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503.4611 <tel:1-800-503-4611> or by mail from Deutsche Bank Secur=ties Inc., 60 Wall Street, New York, New York 10016, or by email at prospectus.cpdg@db.com

Tazia Smith
Director | Key Client Partners - US

Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
345 Park Avenue, 26th Floor
New York, NY 10154
Tel. ██████████████████████████ Fax +██████████
<tel:███████████████████> Mobile +██████████ <tel:█████████████████████> Email
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----- Forwarded =y Tazia Smith/db/dbcom on 03/18/2014 07:56 PM -----

## From: Nate Hall

To:

Date: 03/18/2014 07:39 PM

Subject: "• PRICING DETAILS *** LEFT =OOKRUN IPO *** PAYLOCITY HOLDING CORP (NASDAQ: PCTY) •" APPROVED FOR EXTERNAL DISTRIBUTION ***

This communication may contain confidential and/=r privileged information. If you are not the intended recipient (or have received this communication<=r> in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the<=r> material in this communication is strictly forbidden.

Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such.

*************

The information contained in this commun=cation is confidential, may be attorney-client privileged, may constitute inside i=formation, and is intended only for the use of the addressee. It is the=property of Jeffrey Epstein Unauthorized use, disclosure or copying=of this communication or any part thereof is strictly prohibited and may be unla=ful. If you have received this communication in error, please notify us=immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacat=on@gmail.com> , and destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved