EFTA00587244.pdf

Susman godfrey a registered limited liability partnership 5TH FLOOR 6S4 MADISON AVENUE NEW YORK, NEW YORK 10065-8404 (22 )336-8330 FAX (212) 336.8340 Suite 5100 1000 Louisiana Street Houste41, Texas 77002.5095 013)651-9366 Stephen D. Susman Direct Dial April 22, 2010 Suite 5100 gel Main Street Dallas, Texas 75202.3775 suite950 agog Avenue of the Stars Los Angeles, California goo67.6oag (24)754'1300 (310)789.310° Suite ;Boo 12os Third Avenue Seattle, Washington 98soa-poo (206)516.3860 Direct Dial Fax (713) 654-6670 E-Mail FOR SETTLEMENT PURPOSES ONLY Via E-mail & First Class Mail Brad S. Karp Paul, Weiss, Rifkind, Wharton & LLP 1285 Avenue of the Americas New York, NY 10019 John S. Siffert Lankier Siffert & Wohl LLP 500 Fifth Avenue, 33rd Floor New York, NY 10110 Alan Levine Garrison Cooley LLP The Grace Building 1114 Avenue of the Americas New York, NY 10036 Re: Jeepers, Inc., Financial Trust Company, Inc., and Jeffrey Epstein vs. D.B. Zwim Special Opportunities Fund, L.P. k/n/a Fortress Value Recovery Fund I LLC, et. al. Dear Sirs: As you are aware, I represent Jeffrey Epstein, Financial Trust Company, Inc., and Jeepers, Inc. (collectively "Epstein") in connection with claims regarding an investment in D.B. Zwirn Special Opportunities Fund, L.P. k/n/a Fortress Value Recovery Fund I LLC. I am writing in an effort to avoid litigation by settling this dispute. I037032vI/011585 EFTA00587244 Brad Karp Alan Levine John S. Siffert April 23, 2010 Page 2 First, Epstein is willing to settle the dispute for $140 million plus $35 million in prejudgment interest. To help you evaluate our claims, I have enclosed an affidavit of Glenn Dubin. Second, to avoid the need for Epstein to file litigation immediately, we propose that the parties enter into a tolling agreement. I have taken the liberty of attaching two draft agreements (one for the Fortress/Fund entities and one for the Zwim personal entities), which are enclosed. We need to know your position on the tolling agreement by no later than May 3, 2010. With regard to our settlement demand, please give me your response by no later than May 15, 2010. Thank you. Sincerely, Stephen D. Susman Enclosures cc: Jeffrey Epstein I037032vI/011585 EFTA00587245 Brad Karp Alan Levine John S. Siffert April 23, 2010 Page 3 bcc: Darren Indyke I037032vI/011585 EFTA00587246