📄 Extracted Text (400 words)
Fortress Value Recovery Fund I LLC 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
TEL 212 798-6100
•
December 14, 2011
Mr. Glenn Dubin
do James H.R. Windels
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
RE: Fortress Value Recovery Fund 1, LLC: Authorizations to
Provide Information
Dear Mr. Dubin:
Reference is made to the limited liability company interests (the "Interests") in
Fortress Value Recovery Fund I, LLC, a Delaware limited liability company (the "Fund")
held by you, the economic interests in which have been assigned to Jeepers, Inc.
("Jeepers"), pursuant to an assignment agreement effective as of August I, 2011 between
you and Jeepers (the "Assignment Agreement").
In connection with such assignment, by your signature below, you are hereby
instructing and authorizing the Fund and any of its affiliates to deliver or cause to be
delivered to Jeepers (1) copies of capital statements sent to you by the Fund with respect
to the Interests (the "Capital Statements"), and (2) copies of quarterly or similar investor
letters sent by or on behalf of the Fund to all investors in the Fund (together with the
Capital Statements, the "Investor Information").
By signing below, you and Jeepers also hereby acknowledge and agree as follows:
(a) Any Investor Information delivered to Jeepers will be subject to the obligations
and restrictions, including any confidentiality obligations, of the settlement
agreement (the "Settlement Agreement") effective as of August 1, 2011, entered
into by and among the Managing Member, the Fund, Jeepers, and the other parties
party thereto;
(b) Except as expressly set forth in this letter agreement, nothing contained in this
letter agreement shall modify in any respect any of the terms and conditions of the
Settlement Agreement;
(c) Nothing contained in this letter agreement shall modify in any respect any of the
terms and conditions of the Assignment Agreement, including without limitation
EFTA00582744
any terms relating to indemnification or exculpation of the Fund and its affiliates;
and
(d) Nothing contained herein shall create any obligation on the part of the Fund or
any of its affiliates to provide any Investor Information to Jeepers.
FORTRESS VALUE RECOVERY FUND I LLC
By: Fortress VRF I LLC, its Managing Member,
By:
Name:
Title:
ACKNOWLEDGED AND ACCEPTED
GLENN DUBIN
ACKNOWLEDGED AND ACCEPTED
JEEPERS, INC.
By:
Name:
Title:
cc: Jeepers, Inc.
c/o Darren K. Indyke
301 East 66th Street, 10B
New York, NY 10065
EFTA00582745
ℹ️ Document Details
SHA-256
1e94c83d504227ec49197d54cb87458dd7b92300f404e336eb4c2dbb4c4a8689
Bates Number
EFTA00582744
Dataset
DataSet-9
Document Type
document
Pages
2
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