EFTA00724454.pdf

SUSMAN GODFREY L.L.P. A REGISTERED LIMITED LIABILITY PARTNERSHIP 5TH FLOOR 654 MADISON AVENUE NEW YORK, NEW YORK 10065.8404 Surre 5100 Stint 5100 Stint 050 Sun 3800 1000 Louspra Sower 001 Rum Smear 1001 Amnon 09 on STARA 1201 Ilirro Anoint Housiiiiin5000 LOA ANOVA& CAUPC1041.4 00007-0020 Stoltz WASHINGTON 98 I 01-3000 STEPHEN D. SUSMAN DIRECT DIAL FAX DIRECT DIAL 171 31 853-7801 E-MAIL January 5, 2010 Fortress VRF Investor Relations Fortress Investment Group 1345 Avenue of the Americas New York, NY 10105 Re: D.B. Zwim Special Opportunities Fund, L.P. (n/k/a Fortress Value Recovery Fund I LLC) Dear Fortress VRF Investor Relations: I represent Jeepers, Inc., Financial Trust Company, Inc., and Jeffrey Epstein (collectively "Jeepers"). Pursuant to Paragraph 7 of the Settlement Agreement and Release dated April 8, 2009 ("Agreement") among D.B. Zwim Special Opportunities Fund ("Fund"), L.P., Jeepers, Inc., Financial Trust Company, Inc., and Jeffrey Epstein, Jeepers has provided Jeepers' Cancellation Declaration to the names and addresses listed in Paragraph 22 of the Agreement. Jeepers recognizes that the name of the Fund has changed and its mailing address may have changed as well. According to Jeepers' records, however, it never received any notice pursuant to Paragraph 22 of "any change of person to be notified or change of address." Nevertheless, Jeepers is providing you with the enclosed copy of the Jeepers' Cancellation Declaration as a courtesy. If you believe that this notice should have been sent to a different person or address, please contact me immediately, so that Jeepers can respond before the deadline for providing the Jeepers' Cancellation Declaration, which we believe is January 14, 2010. Please let me know of any concerns by email and hand delivery to my address above. 999625v1/0I1585 EFTA00724454 Fortress VRF Investor Relations Fortress Investment Group January 5, 2010 Page 2 For the avoidance of any doubt, this letter should not be construed in anyway as qualifying the enclosed Jeepers' Cancellation Declaration. Jeepers position is that the enclosed notice is effective, final and irrevocable. Sincerely, JAM/4 t ..142Ataal Stephen D. Susman Enclosure cc: Darren Indyke 999625A/011585 EFTA00724455  JEEPERS, INC. January 5, 2010 Via Hand Delivery and Federal Express D.B. Zwim Special Opportunities Fund, L.P. do David Lee D.B. Zwim & Co., L.P. 745 Fifth Avenue 18th Floor New York, NY 10151 Re: Settlement Agreement and Release Jeepers' Cancellation Declaration Dear D.B. Zwirn Special Opportunities Fund, L.P.: Pursuant to Paragraph 7 of the Settlement Agreement and Release dated April 8, 2009 ("Agreement") among D.B. Zwirn Special Opportunities Fund, L.P., Jeepers, Inc., Financial Trust Company, Inc., and Jeffrey Epstein, this notice constitutes "Jeepers' Cancellation Declaration." The result hereof is that the Agreement is null and void and the releases, waivers, promises, covenants, and other provisions contained therein are of no effect. Jeffrey Epstein President Cc: Alan R. Glickman, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 EFTA00724456