Re:

Ed Spector, CIMA
Vice President
212 236 1660 (T)
212 236 1644 (F)

The information herein has been obtained from sources which we believe to be reliable, but we do not guarantee its accuracy or completeness. The information is for discussion purposes and neither the information nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or other financial instruments. All indications are subject to market conditions.

Merrill Lynch considers trade confirmations and monthly statements to be the official record of all transactions and balances.

-----Original Message-----
From: J. Epstein [mailto:jeeproject@yahoo.com]
Sent: Monday, November 13, 2006 2:19 PM
To: Spector, Edward (PBIG New York, NY (Downtown))
Subject: Re:

got it  i'm in

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Monday, November 13, 2006 11:37:33 AM
Subject: RE:

participating in future Merrill deals. It is really only appropriate  if there is a $20mm annual soft commitment to participating in all deals that Merrill does in the Global Private Equity Group. Its open to very few clients.  Can pull out any time, but there would be no participation in future deals

Ed Spector, CIMA
Vice President
212 236 1660 (T)
212 236 1644 (F)

The information herein has been obtained from sources which we believe to be reliable, but we do not guarantee its accuracy or completeness. The information is for discussion purposes and neither the information nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or other financial instruments. All indications are subject to market conditions.

Merrill Lynch considers trade confirmations and monthly statements to be the official record of all transactions and balances.

-----Original Message-----
From: J. Epstein [mailto:jeeproject@yahoo.com]
Sent: Monday, November 13, 2006 1:32 PM
To: Spector, Edward (PBIG New York, NY (Downtown))
Subject: Re:

an interest in what

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Monday, November 13, 2006 11:20:17 AM
Subject: RE:

My pleasure. Should I assume there is an interest or not at this time?

 

 

Ed Spector, CIMA
Vice President
212 236 1660 (T)
212 236 1644 (F)

The information herein has been obtained from sources which we believe to be reliable, but we do not guarantee its accuracy or completeness. The information is for discussion purposes and neither the information nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or other financial instruments. All indications are subject to market conditions.

Merrill Lynch considers trade confirmations and monthly statements to be the official record of all transactions and balances.

-----Original Message-----
From: J. Epstein [mailto:jeeproject@yahoo.com]
Sent: Monday, November 13, 2006 1:19 PM
To: Spector, Edward (PBIG New York, NY (Downtown))
Subject: Re:

thanks

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Monday, November 13, 2006 10:01:24 AM
Subject:

Jeffrey,

As you know, inclusion in Hertz was limited to clients with $1billion net worth.   To be involved in future deals, investors should be prepared to commit about $20mm per year and invest alongside Merrill in its deals through out the world.  You can pull out of the program at any time. Of course, your prior investments remain in that case, however,  you would not participate in future investments.  You may be interested in this for Les. If so, please advise. If not, no problem.

Ed

Ed Spector, CIMA
Vice President
212 236 1660 (T)
212 236 1644 (F)

The information herein has been obtained from sources which we believe to be reliable, but we do not guarantee its accuracy or completeness. The information is for discussion purposes and neither the information nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or other financial instruments. All indications are subject to market conditions.

Merrill Lynch considers trade confirmations and monthly statements to be the official record of all transactions and balances.

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