LANKLER SIFFERT&WOHL LLP ATTORNEYS AT LAW 33"° FLOOR 500 FIFTH AVENUE NEW YORK. N.Y. 10110-3398 WWW.L9NLAW.COM March 30, 2011 BY EMAIL AND BY HAND James H.R. Windels, Esq. Davis Polk & Wardwell 450 Lexington Avenue New York, NY 10022 TELEPHONE Re: Fortress VRF I LLC et a! v. Jeepers Inc., JAMS No. 1425006537 Dear Jim: I write regarding your clients' production of documents in the above-referenced matter. In our November 9, 2010 subpoenas, we requested that Glenn Dubin and Highbridge Capital Management produce "All documents concerning Jeffrey Epstein's involvement in J.P. Morgan's investment in Highbridge Capital Management," including but not limited to Mr. Dubin's introduction to Jes Staley. (Request No. 7.) Your clients refused to produce any documents in response to this request, claiming that the request was "overly broad, unduly burdensome, and seeks information that is irrelevant and not calculated to the discovery of admissible evidence." Your clients' response is not acceptable. Mr. Dubin made himself a witness in this case by providing an affidavit to Jeffrey Epstein in this arbitration. We are entitled to explore Mr. Epstein's role in facilitating J.P. Morgan's investment in Highbridge because it goes directly to Mr. Dubin's bias as an affiant and witness in this case. If you do not produce all documents responsive to Request No. 7 by next Wednesday, we will take all appropriate steps to enforce the subpoenas. Very truly yours, Daniel E. Reynolds cc: Harry Susman, Esq. (by email) William Schwartz, Esq. (by email) Allan Arrfa, Esq. (by email) EFTA01111754