<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, January 7, 2015 3:18 PM</td></tr><tr><td>To:</td><td>Daniel Sabba</td></tr><tr><td>Subject:</td><td>Re: Jeffrey - follow-up on trades per your request [C]</td></tr></table>

perfect thanks

\<=r\>
On Wed, Jan 7, 2015 at 10:08 AM, Daniel Sabba=██████████████████████████████████████████████ wrote:

Classification: Confidential

Jeffrey,

Per your request, we did a hypothetical performance analysis of the 16 trades we discussed since October 2014. To complete this exercise we needed to assume notional exposures as uniform (either $10mm or EUR10mm), even if this would not have been the path realis=ically taken. This analysis is to be taken as hypothetical, indicative and for discussion purposes only.

Please let us know of best time to discuss.</=ont>

Best regards,

Daniel

Daniel Sabba

Key Client Partners

Deutsche Bank Securities Inc.

This communication may contain confidential and/=r privileged information.

If you are not the intended recipient (or have received this communicationar> 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.

please note<=r>

The information contained in this communication is confidential,=may be attorney-client privileged, may constitute inside information, a=d is intended only for the use of the addressee. It is the property ofar>.IEE Unauthorized use, disclosure or copying of this communication =r any part thereof is strictly prohibited and may be unlawful. If you h=ve received this communication in error, please notify us immediately b= return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communica=ion and all copies thereof, including all attachments. copyright -all r=ghts reserved