PAUL, WEISS, RIFKIND, WHARTON ft GARRISON LLP ti • WRITER IS WRITER'S aM. BY EMAIL AND BY HAND Hon. Anthony J. Carpinello (Ret.) Arbitrator, JAMS 620 Eighth Avenue, 34th Floor New York, NY 10019 May 5, 2011 MATTHEW W ABBOTT AN AFIFFA JOHN ELY A ATKINS F BAUGHMAN Prat Plat tlait MUIPI Lki"Aga22 BRUCE SIRENSOIM 1$4844135.70BOE H N I NG Op* reifea te • N NYARADY JOH STENHEN P E LANO LAr e. ITIAAISVUL dmiS7.1" JEFFREY 0 MARELL MARCO V MASOTTI D'WEIN S MAYNARD ELIZABETH R NOCOLN Veil I: JOHN liar' SU D NA DROWN ritar Ti nC ACHANLL• 11 euYTON JAY COHEN 044‘51.$ DAVIS Y A CI:NISH C WALTER RIEMAH ALICE SELISTLE EATON il tir at f:VALM EN MI/t r.:M C- RAM z • :121404%411r: m 1MA tKandiV BEA Fah% A Pd ERIC pSpGGOLpDpSNTEIN g0CC.. JR ppli ARLEalarepti a i k ei Ci dtst N Uejnemmli NUAft... JOYC ALEX YOUNG ON JOHN) O'NEIL MA C an vw `RIB kaar wNBR ts"tar., No= suamirrecs TO THE NEW TON( BAR VRF I LLC v. Jeepers. Inc., JAMS Ref. No. 1425006537 JU tI 9rifi lAt.75:Pr JORDAN E YARETT 3:4uTOSHINO CCOM ANDS...LW RDA ;IgiEN tN R PETER J ROTHENBERG WACOLIEI/INE: RUBIN :11101 - dlitralwrs,, SAR421.1,7 ,..cart:•1174012" TAWeg ARVA LI!ZjititsrevanT : ERIC ALAN STONE IA I AN Y:4arrsKv tlr sr ",v1WFB IG tTH EN`‘ii WELLS. JR rir r egitm WILKINSON LAWRENCEVVIBM IRCHIC LIA T M W000 Dear Judge Carpinello: On behalf of Claimants VRF I LLC (the "New Fund Manager") and Fortress Value Recovery Fund I LLC (the "Fund") (together, "Claimants"), we write to respond to the letter to you from Respondents Financial Trust Company, Inc. and Jeepers, Inc. (together, "FTC"), dated April 21, 2011, requesting an order overcoming the applicable attorney-client and work product privileges and compelling the production of documents relating to (1) internal investigations relating to the Fund and the Fund's prior manager (along with its affiliates, the "Zwirn Manager") conducted by the law firms Schulte Roth & Zabel LLP