Dear Glenn: It has been nearly two months since our conversation. As you know, Kirkland and Ellis has been in contact with Mike Carroll. After the exchange of many e-mails, telephone calls and a face-to-face meeting, they, Kirkland do not believe they has gotten much closer to a complete understanding of what has actually transpired. Mike Carroll has been as helpful ,as he wanted to be. As opposed to what I they had hoped would be an open dialogue, with a broad sharing of information, as I thought we agreed, they reported that his first priority , as it should be, was to protect his client. In that regard, theysay he has refused to share the vast majority of documents that they had asked for, and he has put forth to the best of his ability an argument for why Highbridge was in no way responsible for the return of my investment. He repeatedly stated that neither Highbridge, you or Henry had "control" over the investment portfolio and therefore should not be responsible though he brought little light as to the details of his position.. Glenn, you know I only have affection for you and your family. I have felt awkward since our last meeting and would like nothing better than to at least have an agreed understanding as to the facts. My understanding was that you had proposed , that you would do everything you could to help me get back my investment with that in mind My understanding is as follows: • In 2002 and 2003, I invested $60 MM with Highbridge, who employed Dan Zwirn as a manager. I also invested an additional $20 MM at the beginning of 2005. • In March 2004, Zwirn spun off into D.B. Zwirn and Co. • In September 2004, Highbridge sold most of its interests to J.P. Morgan. Though its is Kirklands' understanding that, in substance, Dubin and Sweica continued to receive its portion of the management and incentive fees I paid to Zwirn and then passed on to you and henry in the form of a distribution. • Sometime between September 04 and