WORKING DRAFT OF ZWIRN CHRONOLOGY • Initial Fund Investments by FTC (Does not Include Investment in lanuary 2005): o 4/1/2002 $10 MM o 9/1/2002 $10 MM o 12/1/2002 $30 MM o 6/1/2003 $10 MM • May 2003 Confidential Memorandum of the Fund. On page 14,"Although HCM (Highbridge Capital Management, LLC) is a Member of the Trading Manager, neither HCM nor Messrs. Dubin or Swieca have any authority or discretion over the operations or investments of the Trading Manager, the Fund, or the Non-U.S. Fund. Mr. Ziwrn has sole discretion for investing the assets of the Fund." On Page 16, The Trading Manager is responsible for all trading operations of the Fund. The trading Manager will, among other things, (i) make all investment decisions, (ii) monitor compliance of the Fund with all regulatory requirements applicable to its operations and (iii) retain brokers and borrow money on behalf of the Fund. • August 1, 2003 Agreement - relating to Zwirn's transition out of direct employment by Highbridge to serving as investment advisor of all of the Funds and a Highbridge managed account. See Harry Susman's brief Memo regarding this agreement which is attached. • As of January 1, 2004 Advisory Agreement, effectuating transition described in Zwirn's August 1, 2003 employment/transition agreement whereby HCM (later known as Dubin Swieca Asset Management, LLC - DSAM) delegates advisory responsibilities to D.B. Zwirn & Co. (DBZ&Co) as advisor to an entity called HCM/Z Special Opportunities, LLC and HCM will for four years maintain a minimum allocation of Highbridge Capital Corporation's assets to that entity equal to 7.5% of Highbridge Captial Corporation's NAV - minimum allocation of $200 MM, but not required to allocate more than $500 MM. However, the four year term of minimum allocation could be terminated early and withdrawals from the managed account would be permitted below the minimum allocation if and when there were $850 MM of net assets under