EFTA00852965.txt

"From: Jeffrey E. [email protected] To: Lawrence H. Summers Subject: Re: Dodd frank Date: Mon, 29 Jun 2015 14:05:08 +0000"

"On Mon, Jun 29, 2015 at 9:06 AM, Lawrence H. Summers wrote: How is this? Begin forwarded message: From: Widmann, Doug"

"the consulting agreement (signed in 2011) between you and D. E Shaw"

"we also discussed with our CCO, Nathan Thomas"

"researched by the Macro team and the ultimate decision to take any action on behalf of our funds is made by Max, Daniel, or another member of the team"

"From: Widmann, Doug To: Lawrence H. Summers Date: June 29, 2015 at 2:31:54 PM GMT+2"

"From: Lawrence H. Summers Sent: Sunday, June 28, 2015 8:15:40 PM To: Michalow, Daniel Subject: Dodd frank Am I an investment advisor?"

"first , get your own lawyers to look at it. as i read it the document says investing advice , I think the argument that the document does not control "

"First, we talked with Dan again to confirm the scope of your activities for D. E. Shaw... we would prefer to amend it in the near future"