<table><tr><th>From:</th><th>Barrett, Paul S &lt;</th></tr><tr><td>Sent:</td><td>Wednesday, May 22, 2013 2:42 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein (jeevacation@gmail.com)</td></tr><tr><td>Cc:</td><td>Barrett Pod</td></tr><tr><td>Subject:</td><td>To Do</td></tr></table>

Jeffrey

CADJPY has broke= above 100. I think we should lift half that hedge we have on. That wo=ld mean unwinding half of the CADJPY forward we have on against the option=position.

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I will need a verbal as it falls under Dodd =rank

=OA

Paul

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=0A

Paul =arrett I Managing Director I =lobal Investment Opportunities Group I J.P. Morgan Private Bank
<u>320 Park Av=nue, 14th Floor, New</u> York, <u>NY 10022</u> 0 I F: ( I
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