<table><tr><th>From:</th><th>Vahe Stepanian</th></tr><tr><td>Sent:</td><td>Monday, March 30, 2015 9:32 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>Daniel Sabba; Mane Dwyer; Richard Kahn</td></tr><tr><td>Subject:</td><td>MCD Indicative Pricing [C)</td></tr></table>

Classification: Confidential

Jeffrey — please f=nd indicative pricing below on MCD per your request. McDonald's (MCD= spot ref $97.88.

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#1- Total Return =wap:

Swap Seller: =nbsp; DB

Swap Buyer: &=bsp; Southern Financial LLC

Ticker: = &n=sp; MCD

Size: &=bsp; &nbs=; 50,000 shares

Expiry: = &n=sp; 3/30/2016 (1y)

Spread: = 1=L + 75bps

Resets: = &n=sp; Monthly

Optional Early Terminati=n: Applicable, 3 days (two-way)

Commission: &=bsp; $0.06 per share in and out

#2 - European Call=options on MCD:

Option Seller: &nbs=; Southern Financial LLC

Option Buyer: = DB

Notional: &nb=p; 50,000 OTC Call

Expiry: = &n=sp; 3/30/2016 (1y)

Strike: = &n=sp; 100% of TRS Initial Strike
Bid: &n=sp; = 5.58%
Delta: =nbsp; &nb=p; 47%

If both the TRS + sh=rt call are executed as a package, IM would be 25%.

Thank you,

Vahe
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Vahe Stepanian

Assista=t Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. +1212 454-1539 Mobile +1347 854.4676 Email vahe.stepanian@db.com <mailto:vahe.stepan=an@db.com>

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