EFTA00722243.pdf

Susman godfrey a registered limited liability partnership 5TH FLOOR 6S4 MADISON AVENUE NEW YORK, NEW YORK 10065-8404 (n2)336-8330 FAX(1u)336.8340 vemv.suunangodfrey.com Suite 5100 Suite 5100 SiM.950 Suite 3800 t000Louisiana Street 901Main Street 1901Avenue of the Stars 1x01Third Avenue liousto96 Dallas Texas 202- nis Los Angeles, California goo67•6009 Seattle, WaShingtongazoa-3000 Stephen D. Susman Direct Dial Fax Direct Dial E-Mai April 22, 2010 FOR SETTLEMENT PURPOSES ONLY Via E-mail & First Class Mail Brad S. Karp Alan Levine Paul, Weiss, Rifkind, Wharton & Garrison Cooley LLP LLP The Grace Building 1285 Avenue of the Americas 1114 Avenue of the Americas New York, NY 10019 New York, NY 10036 John S. Siffert Lankier Siffert & Wohl LLP 500 Fifth Avenue, 33rd Floor New York, NY 10110 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 EFTA00722243 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 EFTA00722244 Brad Karp Alan Levine John S. Siffert April 23, 2010 Page 3 bcc: Darren Indyke I037032vI/011585 EFTA00722245