<table><tr><th>From:</th><th>Daniel Sabba</th></tr><tr><td>Sent:</td><td>Thursday, April 2, 2015 2:11 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com*; '-</td></tr><tr><td>Cc:</td><td>Vahe Stepanian; Ariane Dwyer</td></tr><tr><td>Subject:</td><td>Re: WTI trade settlement 3/31/2015</td></tr></table>

Classification: Public

Got it, we will get back to you with final terms. Daniel

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Thursday, April 02, 2015 09:58 AM
To: Richard Kahn <RichardKahn22@gmail.com>; Daniel Sabba
Subject: Re: WTI trade settlement 3/31/2015

close the position„ one more db bad trade

On Thu, Apr 2, 2015 at 9:44 AM, Richard Kahn c > > wrote:

attached are original docs along with calculation of unrealized loss of 480,554.99 that must be settled today next settlement date is June 30th and quarterly thereafter please advise if ok to debit SEL account for 480,554.99 today thank you

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

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Reply-To: scanner@hbrkassociates.com <mailto:scanner@hbrkassociates.com>

## Date: April 2, 2015 at 9:40:21 AM EDT

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