Fortress VRF I LLC and Fortress Value Recovery Fund I LLC, vs. Jeepers, Inc. Expert Report Daniel Strachman June 14, 2011 RESPONDENT FINANCIAL TRUST COMPANY & JEEPERS' EXPERT REPORT DANIEL STRACH MAN Fortress VRF I LLC and Fortress Value Recovery Fund I LW v. Jeepers, Inc. June 22, 2011 1. My name is Daniel Strachman. I am currently Managing Director of The Answers and Company Group. I have been asked by Susman Godfrey LLP counsel for Jeepers Inc. to opine on how the hedge fund industry tracks lock-ups and processes withdrawal requests. 2. The Answers & Company Group is a strategic consulting and educational firm that I founded in 2001 which focuses on providing services to the investment management industry. I have been working in the investment management industry since 1995. I began my career in the investment management industry at Cantor Fitzgerald and Co., where I was a Vice President of the Institutional Property Group. In this position, I was responsible for buying and selling large loan portfolios that were thereafter "securitized," i.e. pooled to combine the collateral for mortgage backed and asset backed securities. I left Cantor Fitzgerald and Co. in 1998 to become Senior Vice President of Sales for Winstar Government Securities, an odd-lot Government bond dealer. In this position, I was responsible for developing, marketing and maintaining trading relationships with institutions around the country. In late 1999, Winstar Government Securities was sold to Fahnestock and Company Inc. Upon completion of my contract, I joined Orbitex Financial Services Group, Inc. as Director of Product Development and Marketing. In this Page 1 of 8 1586779vI/011585 EFTA01069288