From: Lee, David Sent: Monday, November 13, 200612:11 PM To: Hubsher, Elise Ila• Subject: FW: Harry Beller from Jeff Epstein's office celled need their redemption schedule From: Zwim, Dan Sent: Monday, November 13

13, 2006 12:56 PM To: 'Dubin, Glenn' Subject: FW: Financial Trust note we've made him $47,000,000 in gains in now 50 consecutive up months From: Hubsher, Else Sent: Monday, November 13, 2006 12:42 PM To: Zwirn, Dan; Lee, David Subject: FW: Financial Trust From: Howe, Cara Sent: Monday, November 1

13, 2006 12:56 PM To: 'Dubin, Glenn' Subject: FW: Financial Trust note we've made him $47,000,000 in gains in now 50 consecutive up months From: Hubsher, Elise Sent: Monday, November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject: FW: Financial Trust From: Howe, Cara Sent: Monday, November 1

r 13, 2006 12:56 PM To: 'Dubin, Glenn' Subject FW: Financial Trust note we've made him $47,000,000 in gains in now 50 consecutive up months From: Hubsher, Elise Sent Monday, November 13, 2006 12:42 PM To: Zwlm, Dan; Lee, David Subject FW: Financial Trust EFTA00286398

13, 2006 12:56 PM To: 'Dubin, Glenn' Subject: FW: Financial Trust note we've made him $47,000,000 in gains in now 50 consecutive up months From: Hubsher, ENse Sent: Monday, November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject: FW: Financial Trust From: Howe, Cara Sent: Monday, November 13

. (Paul Weiss Rifkind Wharton & Garrison LLP) William J. Schwartz, Esq. (Cooley Godward Kronish LLP) 212-279-9424 fax 212-279-9643 EFTA00674738 Hubsher, Elise - 5/25/2011 Page 152 1 2 ERRATA SHEET VERITEXT REPORTING COMPANY 3 1250 Broadway New York, New York 10001 4 (212) 279-9424 5 CASE:

ounting improprieties that had been discovered at DBZ to Mr. Epstein, following the script that had been prepared for the second round of calls. Ms. Hubsher again sat in on the call. Mr. Epstein pressed Mr. Zwim on why he had not disclosed the information during the prior call. As set forth in the scrip

aining liquidity."); Exhibit T at Dep. Tr. 145:7-8 (Lee: "Every investor at each tranche had a two- year lock-up."); Exhibit U at Dep. Tr. 55:17-20 (Hubsher: "The withdrawals generally apply to each tranche as it's invested, and each tranche . .. has its own withdrawal rights based on the subscription d

November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject: FW: Financial Trust From: Howe, Cara Sent: Monday, November 13, 2006 12:40 PM To: Hubsher, Else Subject: Financial Trust 111 Howe Zwirn & Co Fifth Avenue 151 This e-mail message is intended only for the named recipient(s) above. It ma

011 5:39:28 PM EST 3) It's possible he was calling to tell you that FTC was sending in a redemption request for $80m? o. At 5:41pm, you told Ms. Hubsher to redo the redemption schedule to adjust each piece for the growth that we created for it? (X-42) p. Why did you need that? q. In any event yo

r 13, 2006 12:56 PM To: 'Dubin, Glenn' Subject FW: Financial Trust note we've made him 547,000,000 in gains in now 50 consecutive up months From: Hubsher, Elise Sent: Monday, November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject FW: Financial Trust EFTA_R1_00019249 EFTA01735468 From: Howe

13, 2006 12:56 PM To: 'Dubin, Glenn' Subject: FW: Financial Trust note we've made him 547,000,000 in gains in now 50 consecutive up months From: Hubsher, Elise Sent: Monday, November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject FW: Financial Trust From: Howe, Cara Sent: Monday, November 13

ct: FW: Financial Trust Attachments: Financial Trust - 11.13.06.xls note we've made him 547,000.000 in gains in now 50 consecutive up months From: Hubsher, Elise Sent: Monday, November 13, 2006 12:42 PM To: Zwim, Dan; Lee, David Subject: FW: Financial Trust From: Howe, Cam Sent: Monday, November 13