EFTA01460655.pdf

From: Joshua Shoshan Sent: 3/14/2014 3:55:42 PM To: Haig Ariyan CC: Caroline Kitidis Chip Packard Michael la uinta ' mith Vahe Stepanian ; Donald Summe I Subject: KCP 1O1: Paylocity IN) [II Attachments: pic30218.gif; pic04271.gif; pic04771.gif; pic18700.gif classification: For internal use only Greetings, Haig, chip, Caroline and mike. Tazia has conveyed that KcP-client Jeff Epstein will indicate for the Paylocity IPO, which is this coming Tuesday night/ wednesday morning. Per Haig's earlier email (below) that we will not be bound to a formula, Mike iaquinta and I reviewed the possibilities for allocations on this deal. The deal is small -- 6.67mm shares -- and DB is the left bookrunner. we expect a rather small retail allocation. In short, system-wide, we may get around 150k shares. For Mr. Epstein's KCP allocation, can we agree that out of the Wealth Management allocation next week for Paylocity, Mr. Epstein would be allocated 500-1000 shares? Mike and I will come up with an exact number as we get very close to Wednesday morning's allocation (March 19). Haig, please let us know if you agree. Best regards, --Josh Joshua Shoshan Director Deutsche Bank Securities Inc. Private wealth management - Americas Private client Services 345 Park Ave, 26th Floor New York, NY 10154 office cell E-Fax From: To: Cc: Smith/db/dbcomODBAMERICAS Date: 01/21/2014 04:03 PM Subject: Re: Fw: KCP I0I: Santander IP0 [I] Classification: For internal use only we will do our best for this client on each deal without being bound to a formula. However, the requested amount is reasonable in my view. Haig Ariyan managing Director co-Head wealth Management, Americas Deutsche Asset & wealth Management 345 Park Avenue CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 122084 CONFIDENTIAL SDNY_GM_00268268 EFTA01460655