<table><tr><th>From:</th><th>Paul Barrett</th></tr><tr><td>Sent:</td><td>Tuesday, March 6, 2018 6:56 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Cc:</td><td>'Richard Kahn'</td></tr><tr><td>Subject:</td><td>Apple Calls</td></tr></table>

Jeffrey

You are correct. DB confirmed that they will give us=2 days to buy the stock if we are exercised prior to expiry.

Chart below is interesting. Implied vols are in line=with realized after a period where implieds were —5 points higher. Are we getting paid enough given where vol is realizing?? I am not so su=e.

Paul Barrett

Alpha Group Capital LLC

142 W 57th Street, 11th Floor,=New York, NY 10019

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