achtel!, Lipton, Rosen & Katz By: David B. Anders 51 West 52nd Street New York, Ncw York 10019 Counsel for Warren Spector - 3 - EFTA00284611 FINRA-DR Case No. 09-00979 FINRA DISPUTE RESOLUTION, INC. In the Matter of the Arbitration Between: FINANCIAL TRUST COMPANY, INC. and THE C.O.U.Q. FOUNDATION,

ay, September 28, 2011 1:41 PM To: Sinaiko, Stephen M. Subject: Re: Finandal Trust Company, Inc., et al. v. The Bear Steams Companies Inc., et al., FINRA-DR Case No. 09.00979 Thank you, Stephen. I assume you are following up with respect to the other Stip? Please confirm. Thanks again. EFTA00426865 Darren