case (he was never charged or sued by the sec), in case no

37
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO.03-80612-CIV-M ARlu /JOHNSON SECURITIES AND EXCHANGE COMM ISSION , PO = = & < Plaintiff, VS. M ICHAEL LAUER, e/aI., Defendants. / JOHN W.BENDALL.JR.'S MOTION FOR AWARD OF ATTORNEYS FEES AND COSTS John W . Bendall, Jr., theundersigned , respectfullym ovesforan orderrequiring the Receiver, M artySteinberg of Hunton & W illiams , to indemnifyhim forattorney'sfeesand costsand, foran award of attorneysfeesand costsin theamount of$51 , 719.68 Theseare moniesthatM r. Bendall haspersonallyspentonlegal representation in thisinstant case(he wasneverchargedorsued bythe SEC),inCaseNo. 03-23044-ClW Marra (voluntarily dismissed by the plaintiffs on December 6 , 2010),and in Case No.05-09016-CIV- Scheindlin (ordereddiscontinuedwithprejudiceandbecametinal onJanuary31 , 201 1). John W . BendallJr., wasan independentmem berofthe Board ofDirectors ofthe Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 1 of 37

Upload: others

Post on 16-Jun-2022

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: case (he was never charged or sued by the SEC), in Case No

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF FLORIDA

CASE NO. 03-80612-CIV-M ARlu /JOH NSON

SECURITIES AND EXCHANGE COM M ISSION,

PO=

=&<

Plaintiff,

VS.

M ICHAEL LAUER, e/ aI.,

Defendants.

/

JOHN W . BENDALL.JR.'S M OTION FOR AW ARD O F ATTORNEYS FEES

AND CO STS

John W . Bendall, Jr., the undersigned, respectfully m oves for an order requiring the

Receiver, M arty Steinberg of Hunton & W illiams, to indemnify him for attorney's fees and

costs and, for an award of attorneys fees and costs in the amount of $ 51,719.68 These are

monies that M r. Bendall has personally spent on legal representation in this instant case (he

was never charged or sued by the SEC), in Case No. 03-23044-ClW Marra (voluntarily

dismissed by the plaintiffs on December 6, 2010), and in Case No. 05-09016-CIV-

Scheindlin (ordered discontinued with prejudice and became tinal on January 31, 201 1).

John W . Bendall Jr., was an independent mem ber of the Board of Directors of the

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 1 of 37

Page 2: case (he was never charged or sued by the SEC), in Case No

Lancer Offshore Fund and the OmniFund Ltd. from February 2002 until July 2003. Both

Funds were domiciled and registered in the British Virgin lslands and under the regulatory

supervision of the British Virgin Islands Financial Services Commission.

ln July of 2003, the Securities and Exchange Commission (ttSEC'') filed a civil

complaint against M r. M ichael Lauer, the investment manager of Lancer Offshore lnc. and

the OmniFund, Ltd. John W . Bendall, Jr.was never charged by the SEC in this case or in

any other SEC action relating to Lancer.

On January 29, 2008, a seven-count indictm ent was retum ed against M r. Lauer and

four other co-defendants. The allegations in the criminal indictment focused on the same

activity that the SEC focused on in its complaint against M r. Lauer- activity that took place

from 1999 through early2003. M rLauerand anotherLancer individual, M artin Garvey, were

acquitted of all criminal charges in the indictment. John W . Bendall, Jr. was never charged

by the Department of Justice (é1DOJ'') in any criminal action relating to Lancer.

From 2003 through 201 1, M r. Bendall employedthe services of aNew Yorkattorney,

W illiam CoudertRand, andthe services of anAkron, Ohio law firm (BuckinghamrDoolittle,

& Burroughs, LLP), to deal with Mr. Bendall's SEC subpoena and testimony, and his

involvement in two civil matters. lnvoices and billing records are attached (See Exhibit A).

The first case, Lancer Offshore-related litigation, Case No. 03-23044-CIV-M arra

(Southern District of Florida), a civil suit against the Offshore Funds' Directors (Mr.

Bendall and Dr. Richard Geist), was voluntarily dismissed by the plaintiffs on December 6,

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 2 of 37

Page 3: case (he was never charged or sued by the SEC), in Case No

2010 (See Exhibit B). The second Lancer Offshore related case, Pension Committee ofthe

University ofMontreal Pension Plan v. CITCO Fund Services A1 #:, Case No. 05-9016-

Clv-scheinlln (Southern Districtof New York), was ordered discontinuedwithprejudice,

and became tinal on January 31, 201 1 (See Exhibit C).

From July of 2003 until February of 201 1, when M r. Bendall was no longer involved

in any type of Lancer related litigation of any kind, all legal expenses incurred by M r.

Bendall, were personally paid by M r. Bendall. As the Receiver M arty Steinberg is well

aware, the Private PlacementM emoranda issuedbyLanceroffshore lnc. andthe OmniFund,

Ltd. provide for indemnification under these circumstances. For example, the Private

Placement M emorandum (1TPM '') of Lancer Offshore lnc. provides as follows:

G'l'he Investm entM anagem entAgreem ent provides thatthe Fundwill indem nify

and hold harmless tlle Investment Manager Itzancer M anagement LLCI and its

m em bers, and their respective am liates from and against any loss or expense suffered

or sustained by the Investm ent M anager or its m em bers or their respective affliates

resulting from tlle performance or non-perform ance of the lnvestm ent M anager's

duties underthe InvestmentM anagem entAgreement, includingwithoutlimitation any

judgment, settlement, reasonable attorneys' fees and other costs or expenses incurred

in connection with the defense of any actual or threatened action or proceeding;

provided, how ever, that the Fund w ill not indemnify and hold harm less such person

against any Ioss or expense arising from the gross negligence, fraud, or willful

3

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 3 of 37

Page 4: case (he was never charged or sued by the SEC), in Case No

m isconduct of such person in connection with sucll performance or non-perform ance

of duties under the Investment M anagement Agreement.''

Additionally under the Articles of Association of Lancer Offshore, lnc. (See Exhibit

D), an indemnifkation claim is secured and entitled to priority as a lien. As the Articles state:

. . othe am ount for which such indemnity is provided shall im mediately

attach as a lien on the property ofthe Company, and havepriorityas between M embers over a11 other claim s, unless the same happened through

his own willful negligence, willful default, fraud, or dishonesty. (Exhibit ttC,''p. 28. Emphasis added).

W I-IEREFORE, the undersigned, John W . Bendall, Jr., former Director of Lancer

Offshore Inc. and the OmniFund, Ltd. respectfully requests that indemnification be paid to

him for attom ey fees and costs totaling $ 51.719.68.

1 declare that the foregoing is true and correct.

Executed on: November 17, 201 1

Respectfully submitted,

BY:

/ John w. Bendall, Jr.

130 East 75th Street

New York, New York 10021

Tel: (212)-464-7474E-Mai1: [email protected]

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 4 of 37

Page 5: case (he was never charged or sued by the SEC), in Case No

CERTIFICATE OF SERVICE1 hereby certify that a true and correct copy of the foregoing M otion was sent via U .S.

M ail to M arty Steinberg, Kevin Eckhardt, & David Bane at Hunton & W illiams, 1 1 1 1Brickell Avenue, Suite 2500, M iami, Florida 33131-1802 on November l7

, 201 l

2

John W . Bendall, Jr. .

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 5 of 37

Page 6: case (he was never charged or sued by the SEC), in Case No

t

E X H IB IT A

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 6 of 37

Page 7: case (he was never charged or sued by the SEC), in Case No

tAW OFFICE O F W ILLIAM COUDERT RAND71 1 Third Ave., Sulte 1505New York, New York 10017

(Phone) 212-284-1425 (fox) 212-599-7909

FO R PROFESSIO NAL SERVICES RENDERED

for the oeriod from Seotem ber 24, 2003 throuoh Decem ber 3, 2003

Client 235Re: AXA v. Bendoll et al.. 03 Civ. 6742 (G BD)

Date/Description

Septem ber 24, 2003

M eeting w ith J. Bendall and J. LeBush

Tim e

1 .2

$350 oer hour Total

Septem ber 30, 2003

Call w ith L. Hoguet to get extension of tim e to answer; drafting stipulation of

extension and em ailing stipulation to L. Hoguet

October 1 , 2003

Call with S. Davies of Hoguet's office to discuss action and confirm receipt ofStipulation

O ctober 8, 2003

Catl w ith J. Bendall; conference with J. Labtlsh

4

O ctober 29, 2003

Call with L. Hoguet re tim e to respond to com plaint; conference w ith J. Labush

re:

receiver's effort to stay action.

Novem ber 28, 2003

Researching and drafting m otion lo dism iss

Decem ber 1 , 2003 4

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 7 of 37

Page 8: case (he was never charged or sued by the SEC), in Case No

Call w ith M . Davies to negotiate extension of time to respond to com plaint and

to discuss Status of case and parties that had appeared; drafting Stipulation andem ailing it to M . Davies

Decem ber 2, 2003

Calling M . Davies to indicate that I had not yet received executed Stipulation

Decem ber 3, 2003 .2

Filing Stipulation adjourning response to complaint until January 3O, 2003-, serving

adjournment on adversary

Tim e

Application of Retainer

New Retainer Balance

Toiol Reiciner Due (io moinioin

$35O/hoor $2,590$5,000$2,410

M '' - Xz <.->x,

$10,000 bolonce) $7,590 )

LAW OFFICE OF W ILLIAM CO UDERT RAND71 1 Third Ave., Sulte 1505New Yofk, New York 10Q17

(Phone) 212-284-1425; (fax) 212-599-7909

FOR PROFESSIONAL SERVICES RENDEREDfor the period f'rom December 3

. 2003 throuch February 24. 2004

Re: AXA v. Bendall et al.. 03 Civ. 6762 (GBD) (SDNYI;Rothm an v. Bendall. et al.. 03 Civ. 23044 (S.D. FLA)

Date/Description Time $350 per hour

Decem ber 28, 2003

Call w ith J. Bendall's assistanl; review ing new M iam i class action com plaint and

sum m ons

Client 235

Total

Decem ber 29, 2003

Reviewing M iam i Class action com plaint; call and em ail with J. Bendall

January 2, 2004 .2

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 8 of 37

Page 9: case (he was never charged or sued by the SEC), in Case No

Reviewing email from J. jendall

January 5, 2004

Call with Miami law yer to gei extension of tim e to answ er; drafting and sending

letter confirm ing extension of tim e; em ails with potential M iam i Iawyer to

represent Bendall; call w ith and sending contact inform ation to Kram er Levinattorney

January 1 5, 2004

Call with new counsel for AXA w ho indicated that they w ould be fiiing an

amended complaint and would agree to an additional adjournment of thetim e to answ er

January 1 8, 2004

Call wilh potential Florida attorney w ho indicated he did not have a conflici

January 2O, 2004

Em ail to J. Bendall re Florida counsel for new Florida class action

January 27, 2004 .9

2

Call with AXA counsel; drafting Stipulation of extension and em ailing it to AXAcounsel; calls with M . Lauer and R. G eisf and Plaintiff's counsel

January 29, 2004

Em ails w ith J. Bendall regarding Florida counsel

2

February 8, 2004

Call with R. Pershes and J. Bendall

5

February 1 1 , 2004

2

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 9 of 37

Page 10: case (he was never charged or sued by the SEC), in Case No

Em ails w ith J. Bendall regarding Geist; calt to Geist

February 1 2, 2004

Call to R. Pershes and review ing em ait from Pershes to Bendall

February 13, 2004

Call w ith adversary counsel; reviewing new Florida com plaint; em ail to J. Bendall

and R. Pershes; call to J. Hockman (Geist's attorney)

February 1 7, 2004

Reviewing am ended com plaint; Scanning and em ailing am ended com plaint to

J. Bendall, J. Hockm an and R. Pershes; call with R. Hockm an to discuss the caseand strategy; em ail to J. Bendall com m enling on am ended com plaint

February 1 9, 2004 .8

Call w ith Jonathan Hockm an; review ing PPM

February 20, 2004 .2

Em ail to R. Pershes regarding tim e to respond in new Florida action

February 24, 2004

Reviewing Class Plaintiff's response to PriceW aterhouse's m otion for a

clarification of the Injunclion contained in the Case Management Order;reviewing class action schedule providing for filing of am ended com plaint and

response by defendants on April 2, 2004.

4

Tim e 10.4Application of Retainer

Total Fees Due

Total Retainer Due

Tofal Fees and Refainer Due

$35O/hour $3,840$2,410$1 ,230

$1 0,000

1 1 230%$ .

3

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 10 of 37

Page 11: case (he was never charged or sued by the SEC), in Case No

%

February 25. 2004 .2

Em ail to Hockm an and Pershes regarding new due date and argum ent related

to injunction; reviewing Rule 41 dismissal of New York action

M arch 2, 2004

Call w ith Bendall; em ail w ith Hockm an regarding claim against Receiver; em ailto Bendall

4

4

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 11 of 37

Page 12: case (he was never charged or sued by the SEC), in Case No

*.

LAW OFFICE OF W ILLIAM COUDERT R AND

711 Third Ave., Suite 1505New York, New York 10017

(Phone) 212-286-1425; (Fax) 212-599-7909email: [email protected]

FOR PROFESSIONAL SERVICES REN DEREDfor the period from October 10. 2006 throuch October 18, 2006

CLIENT #491

Re: BENDALL SEC SUBPO ENA AND TESTIM ONY

Date/Description Time Rate- $350/130.

10-10-06 2.6

Preparing Bendall for deposition', calls w1t1,1 M . Lauer

10-12-06

Defending deposition of Bendall at SEC

10-13-06 .4

Call from M artin contirming deposition; call with Bendall; call with Lauer

10-17-06

Calls with M . Lauer; defending Bendall deposition at SEC

10-18-06

Call with M . Lauer re deposition

Time 17.3

Application of Retainer

TOTA L FEES DUE

$350/h0ur $6 055($i,500)

$3 555 '' .#

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 12 of 37

Page 13: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AMBuckingham, Doolittle & Burroughs, LLP

Billing & Payment History

Date Range: 1/1/1968 to 10/18/201 1

Repod: bdb08NC

Page 1

ClienA atter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance

58080 BENDALL, JOHN W ,, JR.

4/16/2204 868959 BL 4/16/2004 $0.00 2,166.00 2,166.00

4/16/2004 868959 CR 6/30/2004 3241 $0.00 (2,166.00) 0.00

lnvoice Number 868959

0.00

5/14/2004

5/14/2004

873680 BL

873680 CR

5/14/2004

6/30/2004 3241

lnvoice Number 873680

$0.00

$0.00

1,756.00

(1,756.00)

1,756.00

5/14/2004

5/14/2004

873695 BL

873695 C R

5/14/2004

6/30/2004 1663

lnvoic,e Number 873696

$0.00

$0.00

8, 1 31 . 1 0

(8,131 .10)

8, 1 3 1 . 1 0

0.00

0.00

1 ,541 .00

(1,541 .00)

6/9/2004

6/9/2004

877725 BL

877725 CR

6/9/2004

6/30/2004 3241

lnvoice Number 877725

$0.00

$0.00

1 ,54 1 .0O

0.00

0.00

6/9/2004

6/9/2004

877737 BL

877737 C R

6/9/2004

6/30/2004 1653

Invoice Number 877737

$0.00

$0.00

461 .70

(461.70)

461.70

0.00

7/14/2004

7/14/2004

881055 BL

881055 RA

7/14/2004

10/19/2004

$0.00

$0.00

680.00

(680.00)

680,00

0.00

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 13 of 37

Page 14: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AM Buckingham, Doolittle & Burroughs, LLP

Billing & Payment History

Date Range: 1/1/1968 to 10/18/201 1

Repod: bdbo8N C

Page 2

Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance

lnvoice Number 881055

0.00

7/14/2004

7/14/2004

881066 BL

881066 RA

7/14/2004

10/17/2004

Invoice Number 881066

$0.00

$0.00

56.00

(56.00)

56.00

0.00

8/12/2004

8/12/2004

885916 BL

886916 RA

8/12/2004

1 0/19/2004

$0.00

$0.00

3,987.00

(3,987.00)

3,987.00

0-00

lnvoice Number 885916

0.00

45.00

(45.00)

8/12/2004

8/12/2004

885924 BL

885924 RA

8/12/2004

10/17/2004

$0.00

$0,0045.00

0,00

lnvoice Number 885924

0.00

9/17/2004

9/17/2004

893161 BL

893161 RA

9/17/2004

1 O/1 9/2004

lnvoice Number 893161

$0.00

$0.00

791.48

(791 .48)

791.48

10/19/2004

10/19/2004

895703 RA

895703 BL

1 0/1 9/2004

10/19/2004

$0.00

$0.00

(2,828.72)

5,332.00

(2,828.72)

2,503.28

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 14 of 37

Page 15: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AM Buckingham, Doolittle & Burroughs, LLP

Billing & Payment History

Date Range: 1/1/1968 to 10/18/2011

Repod: bdb08NC

Page 3

Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance

Invoice Number 895703

2.503.28

10/1 9/2004

10/19/2004

895712 RA

895712 BL

10/19/2004

10/19/2004

lnvoice Number 895712

$0.00

$0,00

(56.00)

56.00

(56.00)

0.00

0,00

790.241 1/1 1/2004 901406 BL 1 1/1 1/2004 $0.00 790.24

lnvoice Number 901406

790.24

1 1/1 1/2004 901414 BL 1 1/1 1/2004 $0.00 44.00 44.00

Invoice Number 901414

44.00

12/15/2004 905409 BL 12/1 5/2004

tnvoice Number 905409

$0,00 705.75 705.75

705.75

1,876.001/1 3/2005 909421 BL 1/13/2005 $0

.00 1 ,876.00

lnvoice Number 909421

1,876.00

2/15/2005 913969 BL 2/15/2005 $0.00 1

,171.00

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 15 of 37

Page 16: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AM%

Buckingham, Doolittle & Burroughs, LLP

Billing & Payment Histo!y

Date Range: 1/1/1968 to 10/18/201 1

Repod: - bdbO8NC

Page 4

Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance

Invoice Number 913969

3/15/2005 918462 BL 3/15/2005 $0.00 694.50 694.50

Invoice Number 918462

694.50

4/21/2005 922410 BL 4/2 1/2005

Invoice Number 922410

$0.00 822,00 822.00

822.00

5/17/2005 928577 BL 5/17/2005 $0.00 488.00 488.00

lnvoice Number 928577

11/10/2005 955192 BL 1 1/10/2005 $0.00

488.00

140.50 140.50

Invcice Number 955192

12/14/2005 960178 BL 12/14/2005 $0.00 208.00 208.00

lnvoice Number 960178

208.00

1/19/2006 965272 BL 1/19/2006 $0.00 182.18 182.18

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 16 of 37

Page 17: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AMï

Buckingham, Doolittle & Burroughs, LLP

Billing & Payment History

Date Range: 1/1/1968 to 10/18/201 1

Repod: bdb08NC

Page 5

Client/Matter lnvoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance

Invoice Number 965272

182.18

12.322/15/2006 970158 BL 2/15/2006

Invoice Number 970158

$0.00 12,32

12.32

4/19/2006 982218 BL 4/19/2006 $0,00 35.00 35.00

lnvoice Number 982218

5/18/2006 987743 BL 5/18/2006

Invoice Number

$0.00 125.70 125.70

987743

125.70

2,835.006/16/2006 995071 BL 6/16/2006

Invoice Number 995071

$0.00 2,835.00

2,835.00

7/19/2006 1000933 BL 7/19/2006 $0.00 87

.50

lnvoice Number 1000933

87.50

8/16/2006 1004543 BL 8/16/2006 $0.00 350.00 350.00

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 17 of 37

Page 18: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8737 AM5

Buckingham, Doolittle & Burroughs, LLP

Billing & Payment Histofy

Date Range: 1/1/1968 to 10/18/201 1

Repod: bdb08NC

Page 6

Client/Matter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance

Invoice Number 1004543

350.00

9/22/2006 1009823 BL 9/22/2006 $0.00 169.42 169,42

lnvoice Numbef 1009823

169.42

280.001 1/13/2006 1021159 BL 1 1/13/2006 $0.00 280.00

lnvoice Number 1021159

280.00

12/20/2006 1028083 BL 12/20/2006 $0.00 84.88 84.88

lnvoice Number 1028083

84.88

1/18/2007 1032717 BL 1/18/2007 $0.00 3,850.00 3,850.00

lnvoice Number 1032717

2/23/2007 1039700 BL 2/23/2007 $0.00

3,850.00

27.68 27.68

Invoice Number 1039700

27.68

3/19/2007 1046388 BL 3/19/2007 $0.00

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 18 of 37

Page 19: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AM5.

Buckingham, Doolittle & Burroughs, LLP

Billing & Payment Histofy

Date Range: 1/1/1968 to 10/18/2011

Report:- bdbo8Nc

Page 7

Client/Matter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Baiance

tnvoice Number 1046388

6/1/2007 1065443 BL 6/1/2007

Invoice Number 1065443

$0.00 0.00

0.00

7/2/2009 1189384 BL 7/2/2009 $0,00 453,00 453.00

lnvoice Number 1189384

1 1/2/2009 1202192 BL 1 1/2/2009 $0.00

453.02

10.00 10.00

lnvoice Number 1202192

10.00

10.007/2/2010 1222162 BL 7/2/2010 $0.00 10.00

lnvoice Number 1222162

7/9/2010 1222355 BL 7/9/201 0

Invoice Number 1222355

$0.00 22.00 22.00

22.00

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 19 of 37

Page 20: case (he was never charged or sued by the SEC), in Case No

Run Date: 10/18/201 1 8:37 AM5

Buckingham, Doolittle & Burroughs, LLP

Billing & Payment History

Date Range: 1/1/1968 to 10/18/201 1

Repod: bdb08NC

Page 8

Client/Matter lnvoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance

BENDALL, JOHN W ., JR.

17,989.68

<Total Billed $40,489.68

Total Paid ($14,055,80)

Total Reallocated ($8,444.20)

Total Written-off $0.00

Repod Total 17,989.68

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 20 of 37

Page 21: case (he was never charged or sued by the SEC), in Case No

E X H IB IT B

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 21 of 37

Page 22: case (he was never charged or sued by the SEC), in Case No

Case 1:03-cv-23044-KAM Document 702 Entered on FLSD Docket 12/06/2010 Page 1 of 2

UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF FLORIDA

Case No. 03-23044-CW -M ARRA/JOHNSON

JOHN BRUHL, KEITH ROTM AN and

SCOTT M ALTZ, individually an on behalf ofall others similarly situated,

Plaintiffs,

PRICEW ATERHOUSECOOPERS

W TERNATIONAL LIM IR'ED Il,et a1.,

Defendants.

PLAINTIFFS' NOTICE OF VOLUNTARY DISM ISSAL OF ACTION AGAINST

DEFENDANTS JOIIN W . BENDALL. JR.. AND RICHARD GKB T

Plaintiffs, pursuant to Federal Rules of Civil Procedure 41(1)(A)(i), voluntarily dismiss

the above action, without prejudice, against Defendants John W . Bendall, Jr., and Richard Geist.

Plaintiffs file this Notice of dismissal with the Clerk of the United States District Court, Southern

District of Florida, before Defendants Bendall and Geist served on Plaintiffs an answer or a

motion for summary judgment to Plaintiffs' Consolidated Third Amended Securhies Class

Action Complaint (D.E. 380).

LABATON SUCHAROW LLPM ark S. Goldm an

Nicole M . Zeiss

Carol Villegasth sjooy140 Broadway

, 34

New York, New York 10005

(212) 907-0700/(212) 818-0477 (fax)

COUNSEL FOR PLAINTIFFS

Respectfully submitted,

KOZYAK TROPIN & TH ROCKM ORTON, P.A.th Floor2525 Ponce De Leon

, 9

Coral Gables, Florida 33134

By: /s/Adam M . M oskowitz

Harley S. Tropin (FBN. 241253)Adam M . M oskowitz (FBN. 984280)Daniel Cervantes (FBN 40836)

1

2525 Ponce de Leon, 9th Floor, M iami, Florida 33134 I Phone 305.372.1800 I Fax 305.372.3508 I kttlaw.com

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 22 of 37

Page 23: case (he was never charged or sued by the SEC), in Case No

Case 1 :O3-cv-23O44-KAM Document 702 Entered on FLSD Docket 12/06/2010 Page 2 of 2

CERTIFICATE OF SERVICE

I HEREBY CERTIFY that a tnle and correct copy of the foregoing was served via

electronic m ail distribution tlzrough the court's CM /ECF system on December 6, 2010. A tnle

and correct copy of the foregoing was also served via U.S. M ail to Defendant John W . Bendall,

Jr., at2 130 East 75 Street, New York, NY 10021, and [email protected], pursuant to the Court's

Order on December 8, 2006 (D.E. 367). The same was also served via U.S. M ail upon Jonathan

L. Hochman, Esq., Schindler Cohen, et a1., 100 W all Street, 15th Floor, New York, N.Y. 10005,

counsel for Defendant Richard Geist.

By: .- /s/Adam M . M oskowitz

Adam M . M oskowitz

3245-101/319798

2

2525 Ponce de Leon, 9th Floor, Miami, Florida 33134 I Phone 305.372.1800 1 Fax 305.372.3508 l kttlaw .com

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 23 of 37

Page 24: case (he was never charged or sued by the SEC), in Case No

E X H IB IT C

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 24 of 37

Page 25: case (he was never charged or sued by the SEC), in Case No

Document 359 Filed 05/28/10 Page 1 of 3. .

.p

USDC SDNY

M EN'T

ELECTRONICM LY FILED .UNITED STATES DISTRICT COURT ooc #

.

.

SO UTH ERN DISTRICT OF NEW YORK oxrgE y,luso..

- '

THE PENSION COM M ITTEE OF THE

UNIVERSITY OF M ON TREAL

PENSION PLAN, et //.,ORDER

OF DISCONTINUANCE

05 Civ. 9016 (SAS)Plalntiffs,

- against -

BA NC oF AM ERICA SECURITIES,

LL ,c CITCO FUND SERW CES

cultxcAo) N.v. THE CITCO GROUP(LIMITED, INTERX TIONAL FcxosERvlcEjgu l-Axo) LIMITED,IyltlcEw Ali ltuo tislcoo rElts

(NETHERI-ANO ANTILLESI,JOlIN w .BENDAL ,L am Itlcltxlto cklsT,ANTHON# s'rùcx ,s KIERANcou ov, and DECLAN QCILLIGAN,

Defendants.

SHIRA A. SCHEINDLIN, U.S.D.J.:

Case 1:05-cv-09016-SAS-FM

The parties having notified the Court that they have reached

agreem ent regarding the discontinuance of this action, IT IS H EREBY ORDERED

that the above captioned action be, and the same hereby is, discontinued with

prejudice but without costs; provided, however, that no later than thirty (30) days

after December 3 1, 2010, counsel for either side may apply by letter for restoration

1

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 25 of 37

Page 26: case (he was never charged or sued by the SEC), in Case No

Case 1:O5-cv-09016-SAS-FM Document 359 Filed 05/28/10 Page 2 of 3

of the action to the calendar Of the tmdersigned, in which event the action will be

restored.

The Clerk of the Court is directed to close this case.

SO RDE D :

ira A. heindlin

U .S.D .J.Dated: M ay 28, 2010

New York, New York

2

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 26 of 37

Page 27: case (he was never charged or sued by the SEC), in Case No

Case 1:05-cv-09016-SAS-FM Document 359 Filed 05/28/10 Page 3 of 3

- Appearances -

For the Plaintiffs:

Scott M . Berm an, Esq.

Anne E. Beaumont, Esq.

Amy C. Brown, Esq.

Philip A . W ellner, Esq.

Robert S. Landy, Esq.

Lili Zandpour, Esq.Friedm an Kaplan Seiler & Adelman LLP

1633 BroadwayNew York, New York 10019-6708

(212) 833-1100

For the Citco Defendants:

Lewis N. Brown, Esq.

Dyanne E. Feinberg, Esq.

Terence M . M ullen, Esq.

Elizabeth A. Izquierdo, Esq.

Gilbride, Heller & Brown, P.A .

One Biscayne Tower, 15th Floor

2 South Biscayne Blvd.

M iami, Florida 33 131

(305) 358-3580

Eliot Lauer, Esq.M ichael M oscato, Esq.

Curtis, M allet-prevost, Colt & M osle LLP

10 1 Park Avenue

New York, New York 10178

(212) 696-6000

For International Fund Servkes

(lreland) Limited

Seth M . Schwartz, Esq.

Skadden, Am s, Slate,M eagher & Flom LLP

Four Times Square, 42nd Floor

N ew York, New York 10036

(212) 735-3000

Defendant m chard Geist (pro se)1905 Beacon Street

W aban, M assachusetts, 02468

Defendant John W . Bendall, Jr.

(Pr@ Se)130 East 75th StreetNew York, New York 10021

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 27 of 37

Page 28: case (he was never charged or sued by the SEC), in Case No

E X H IB IT D

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 28 of 37

Page 29: case (he was never charged or sued by the SEC), in Case No

.- .. .. u

t.x *A y-#>'-7i: -> A

y y j-> yNj '

>#> >.A >At

- >>l

Q

1 mm o .z I *r

., ;

ta a 71 'k . ...z s < p oo y . m .k sg A .

o p&. u u 7 . gm O x Q

xp < >. g .u .gf. * o u pï : & z k . v

= 0. 4$ * Q

K j Q 'Y V Y #u, ', k o q px ZK z o

.u* <! Z < z 's :

.-u o 7 m s, u s

. q .=j u 1 ..,d J % .$ '-'w o-4 o 4 xth 1 k

. kF a j . . .0 j r'i't''l:zi'''i't''l:zi'' 11111114)112 :dii!ë!!:I.r

,-,. -4:::::::,-,.:;,,,;2,--.

--

-'-II:ëgI,k--''--!''k''--!''k --,

''--t'l-''--t'l--l'k;,'.

---,,,,-

--1.:1- $,:--11,1.::-'..

jlEh------.:::.-- . ,-$:kkiiI7

. ,yjik,:::y,,.x Q ,

.. m R K 8 , n k > ï v ...2 oB x lq 1 y eo 'L :1 % o . o u v

.; A . .' .e z

o x . , qz s ., > 4 j., p ,. o . - a z ) ,

Q * *= '-'q 1 ; ', ' '>. .

.y o >. âxo 1 E . . x p *+ : xb g .> !

.. 1j K ö . ,k o ! *4.. y o q y

p- s y o t x .:z . t) . 'h.. . o j . o' k g xp, :

w.a z x,: q o .$ u ,. :$%

.*1 ; = tx($ 1) mg q CN t

- K# q 'g ' dk o o o g44 *4 %

r1.W -H '-'kj; .ef A, pt o lh

2 ol mq œo t) j z= < u q .

4a o. o* q s!g * k * o

txt C DA C ' 1 Q

y#>#J> ,>>>Ay

>>> ## :@A >#

-dJ032744

Cilco32943

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 29 of 37

Page 30: case (he was never charged or sued by the SEC), in Case No

@

>'y eç*Gtl-x No: /(w/çJg

BRITISH VIRGIN ISLANDS

The International Business Companies Ordinance. 1984

M EM ORANDUM OF ASSOCIATIONARTICLES OF ASSOCIATION

of

*

LANCER' OFFSHORE. INC .

Ah lnternational Buslntss Companr

Ineorporated the 2 7 th day of Septee er, jn 35

@ CITCO B.V.I. I,IMl'rEl)C1'rco Buijdiny, W ickharns Pay

Road TownTortola

Brltlslt Virgin Islands

i #Nae

.%** R R* * XSb î?e,'- x .'* h,. 2* ' :e

.. Jx -1... $-. .. ,. xt c'-J .ç'! -. .ek $ * ***'*' -, eta- rarw-eo-.w %- **L.'t -';e .. '.. . '.. - .- .& ..e' k*%.- Hb .. . . % dt . ' .. -3 e *' ' . * ' '.. .. . .; r k . .' J . : > L .).h*.. .. 1 t q .. .. 1: . .. .. .i k

'

. w.. t. p y . . . .. x e w. % . ' ...- ,s. . . ;. . . . j . ir l

A x . . ... . . ., . . ... . . z!< 2 w ' > N ' v e- . - '.' .w......- -*w. ..1+ %'.'h1 ** s .. .f . : . .%r

t < . ' *4 w % -. . .. . Yu .. x .gex , -xo1 t. . . k . .w% . yz < *. . .4 J w yx% Q. -' . rA œ œ -. k : *% .e# h **$ '. e r '<> * ..w..- e X,'j 4 > w G'

CJ032795

Citœ

32944

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 30 of 37

Page 31: case (he was never charged or sued by the SEC), in Case No

* TERR-ITORY OF 'l'IJ'F, BRITISH VIRGIN 1SIaA.- NYS'FllE INT- E-RNATIONAL BU-SJW SS- COM PANWS ORD

-INA -N-CE. 19:4fzs.s amended)

MENJ-Q-WANDUM OF ASSOCIATION

LANC:R OFFSHORE. INC.

NAME

The name of the Company is LANCER OFFSHORE, INC.

2. REGISTERED OFFICE

The Registered Office of the Company will be CITCO Building, W ickhams Cay,R

oad erown, Tortola, Brilislz Virgin Islqnds.

REGIS'I'ERED AGENT

The Registered Agent of the Company will be CITCO B.V.I. Limited of CITCOB

uilding, W ickhams Cay, Road Town, Tortola, British Virgin lslands.

GENERAI, OBJECTS &ND POW ERS

. *

(2)

The objcci of the company Ls tû engage in any act or activity that is notprohibited under any law for the time bejng in force in the B

ritish VirginIsland:.

Tht Company may not

(a) carry on business with persons resident in thc British Virginlslands;

own an interest in l-eal property simate in the British Virginl

slands, other l17% a leasc referrrd to in paragraph (e) of subctzuse(3 ) ;

@ (d)

N .

Itrl'y Un b2 1- n e) r 2131 sj busl'nk-exss unlcs.s 1* t 1 s li ccns . *1 C' - J J % 1C g N : x, , ,... . hsBa s and Tlust Companies Act 1 990. 4 ---'''-*--' . %%%- 3. 'x Q'WA j j# .@' y.e a.:!-j grz :: .v . j:j .hk

.. ' z 1 *% w ' a 1 ,1 '' .3t '. : r? . % -' .ze 'Q.*. r .. ' t * g . N .> g 5su wk t : ' - . ,.e qm.. ! . x .. e .*'. a'%'w . ' ! . . * -. ;$f'k l '' ''''L ' ' * N' * : ' * * ' : ' %11 On btlslness as an lnsu rayàcz or rcinsur. nce ' c-c.' Qom.'- .' Q' ' - .6.-', .-'c*' ''*.'1.-*: k' ' .

- '

4- JIZZ./ > ' F . 1 % '*' V1

1 . ,. . . : , . . . .. . J.11 lj ''jj ' '11.. y

51 ''. .,' $ . .

' . ,,. ., . .., .

''..., .. . .... ..

.' ., ,.,. jl.'k .. . ' '- , , , . x . é .1. t .. ' . r . 7.. ) .. p1 & . 5: e. k a. w x. . v. . ' .

.q . & .. !., i ..

. . . - - . .rk. . . ..*:z 4/,

. .. . . . . . ) . 7 . . , .. v .k ;; . ' '-' 'w:. 'œ . . . . . -.'- .. : y . . . ....... . y.. . .-=> .

-k 4x - '

C:032796

(litco

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 31 of 37

Page 32: case (he was never charged or sued by the SEC), in Case No

@

insurance agent or irsurance broker, urlless it is licenscd under an

enactmcnt authorizing i! lo can'y on that businessv'

carry on the business of the company management unless j2 islicensed u

ndcr the Cornpany M anagement Act, 1990',

carry on the business of providing the registered office or theregiszred agent for companies incorporated in tlle B

ritish Virginlslands,

(e)

(3) For puqnoses of paragraph (a) of s'ubdause (2), the Company shall not bet

reeated as carrying on business with persons ruident in tb.e British VirginIslands if

@) it makts or maintaius deposîts wilh a person carrying on bankingb

usiness within the British Virgin lslands;

(b) it makes cr maintains professional contact with solicitori

,:

.barristersa accountznls, bookkeepers

s tnlst companies,adminîstration companies, investment advisers or other simil

arpersons carrying en business withiu the British Virgim lslands;

it prcpares or maimtains books and records wiiin the BritishVi

rgin lslands; '

@

it holds, within the British Virgin Islands. meetiëlgs of its Directofs

or members '.

(e) it holds a lease Qf property for uSe as aa office f'rom which to

communicate with membel's or where books and tecords of thcC

ompany are Preparcd Or maintained;

(f) it holds shares, dcbt obligations or other securitims in a companyincorporated under The I

nttrnational Busintss CompaniesOrdinance or under The Companies Act; or

@

-

t' es i n the Com an >secun 1 p' wned by any perdûn resident in the British Virgin lsl grj 'N>o

K. -1 t -'any company incorporated under The lntcmatio /p . d..Nqlw y I y.. j. . . rzfj

j. ,<w . jj .,jk.Colnpanles Ordtnance or ttndtr ttle Com

pames Ac + .>k. ûzysy t&..- ,.'..x

. s;y o ?. N .0 ytt a'ir !it;:>:.#.,'.E c -' . ..! .,-.a. ;.;- jf .f -. .. . j.- . ;:n77. ?i; ) s.. . :k ,.( ..;, tThe Company shall have all suciï powers as are permitte . pr' 01e:-.:!

.. rr: oa' me btm- g 1 n force in the B ri tish 'virgin Islands whiclt a' Xy

-.

)dc,

-:.:,sv-,D.

-y''c:

..t

'

.ar.'

.c. .j ' ...c...

.

''.-

,t '):' eo 1tl a . . .. .. z <''I r r:y gccnduclve to the cotlduct, prouTotlon or attalmnent of the

j. okjdt. J,>.qf. . tht. .,-?.. , .,%.a- .?h

'

''' c x ' . I ' - * 'Q ' : l t : '' ' n% . I . ; x .. . $ , t . I .

. . .. œ'

! :g z w'' ' j z 4 x , y' ' , :

; -u .. . . . . . .

. . . - r . ,';,

o,y'.i4; 4. J a!:. v ' n '*' sr1eST/(1mp/2r18?68/ l 5.9.9.5

--.- .ka ;. v,a-Lt.x -;,--E--svL. ..

: . . px.- . ..-. .z 'c.; f=.G

shares, debtobligations or olher

-wgjyygggg

(litco

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 32 of 37

Page 33: case (he was never charged or sued by the SEC), in Case No

@

Company.

5. CURRENCY

Slutres in the Company shall be issuetf in the ctlrreccy of the United Stntcs of America

-

AUO ORISED CAPITAL,

'i'he authorised capital of the Compauy is US$10,000,000.00.

CLASSES, NUMBER AND PAR VALUE OF SHARES

n e authorised capital is made up of one class of slmres divided into 10,000

,000 sharesof US$1 .00 par value with ope vote for each share.

DESIGNATIONS, POW ERS, PREFERENCES, ETC. OF SHAIUB

IRX de-signations, m wers, preferences, rights. qualitications

, limitations and restricticnsof each share emt the Com-pany is authorked to issuc sh

all be tixed by resolution ofDireetors, but the Directors shatl not allocate different right

s as to voting, dividends,rcdttmption or distributions on Iiquidation unless the Memorandum of Association shallhave b

een azttended to create separatc classes t;f shares and all tlie aforesaid rigllts as tovoting

, dividetlds, redemption and distributions 'shall be identical in each separate class

.

VARIAXQON OF CLASS PJGHTS

8-

@

lf at any time tl:e authorised capital ks divided into different classes or series of shares

,tlle rights attached to any class or series (unless otberwise provided by th t terms of ksueof the shares of lkat cl

ass or series) may, wherher or not the Company is being woundup. I?e varied with the consent in writing of lhc holders of not l

ess than three-fourthg orche issued shares of that class or series and of Tl4e holders of aot l

ess than tttree-foul-thsof th.e issucd shares of any other class or sef ies of shares which ma

y be affected by suchvariation.

l0. RIGHTS NOT VARIED BY THE ISSUE 0(7 SHARES PARI PASSU

with prefcrred or

tenns cf issue o f thef fu s ') .u:.

--'-0 .#e

. r'k - v' /% :1 - ' .0,. k kO Nfçz .. -AK z- - -.ea . , oqa .',; &. 'w tN. zk . f . . C( , t/''?N w ... .. e...SHAR E ISSUANCL.' 'h'- -', .k T.r*,

' %.A.-: . -'e.,-e

'

' ' ' '. E '&,.l n è

'

' 6 . . . .. . . . : aj , t ! t r . é . . 1 .y. us ('2i ''..'L 2 cv j . . : . :'. . , ' .A . * - x #..>

'

.. . x .t . . . . : . . . z .. j c ('s? i .. ... . - . . . , in :j y'oShares in !hc Company wi I ! l:e issued as rk.u! : >te red shares

. -.> r.'--.- .'.''

'

. k' g' .f'.'

.'.''''t';.J u--.. ? -< . I . 'L . .

: . . . . .. . . .î . -x > ..:. ... , . ' ...1 y j u j' WeqljwI 1 . . - '' -. ('... v . ''.h. : e''''s'. .? : . wzt-sT/dmpfz4: /53, t 1:.9-95 t ?. -xe . ..' 9.. :a' v*.;. ' .v'* %;k.. w . . . .. .,y1N . .. ' . , . . ' - v N 'u.N . ' . ' . ''. .

. . v . hk . j. . u .! *u r . .. 1 42. w JW

J

Rights confcrred upon the holders cf :11t.. Fllnres of any class issutd

other rights shall notv unless otherwise fcxltrctks Iy provided by theshares of rhat class, be deemcd to be varlckf by'' l11C creation or issueranking pari passu therewjth.

@

Citco32947

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 33 of 37

Page 34: case (he was never charged or sued by the SEC), in Case No

@

'I'RANSFER OF REGIS'IYRED SHARES

Registered shares in the Company may te transftzrrGd subject to !he prior cpproval of theDircctors of the Comptmy as evide

nced by a resolution of Directors.

AMENDM ENT O17 M EM ORANDUM AND ARTICLES OF ASSOCIATION

The Company mzy amend ifs Memorandum of Association and Anicl

es of Associatiranby a resolution of the lnembers if rhe proposed amendments would materiaily

affcc: lherighz of membcr, if not thcn any proposed alnendmeats m

ay be approved by a resolutionof tltû Directors.

14. DEFINITIONS

Tlze meaaings of wordg in this Memorandtzm of Assnciation are Js defined i

n the Articlesof Association annexed hereto.

We, Citco B .v.I. Limited, of Wickhams Cay

. P.O. 3ox 662, Road Town,' Tortolar British Virgin Isla

nds for the purpose of incorporating anrnternational. Business Co

mpany under rhe laws of the British VirginIslands hereby subscribe our name to thié Memorandum of As&ociationthe 27th day of Septe

mber , 1995 in the presence of:

Wltness

A 4$' u' .. *. '..px.'' a

.' *1 jq < . x . ' . v.* &

'

'k ''j . y 4 . ' !;''' .t . . . x k k , lp q, %. l .. lx . k v s . L . . .

Road Town Tcrto a

S .R. er '/

Authorized Si7u natoryCitco B .V ,I- Limited

@

LS'I7dmg./2#876S/I 5.9.95

'f 10::4

% z :e wv4 z..e ,x: (J 4.j>N

g w . 4.x!t.. -... j .gj. ta ao. z awa : m , m ys.j... . a. ygv

'

. ..j xs . ir .; o -4 i 'e'N . -r'' x -. . 1 : ...1 )J' 4 ' 41 e '' . d .)> t .i Z y .. ('J

'

>

'

.j t

'

=':: r k, . . . , v .y

'

, .. ( y. jy . j a: qyy.< : .,*

'

t &. . .' .x: &! k ê' '.- %' ' X ' ; ' ' ' *'''. .. J u.. ;..î

'

... . . ; z . . r.k .. .@ t

'

. . ; : '#

'

$ ..,, .-. (. ï t-n. u . . .- .. u.;j., .jp - ? z.;j.1 # e k * ' *' ''' '*

'. u. *' N. 'x *. rhh- z ,. . x ? <'wa . ae xx .e .. . . . . NtkA 1 e 'x 4 J. % :. . j . . e. . 4 < . ) % ' N-. -w .. !.a. y t < v YV.a ..,. ë. -4 >N. . .. :2 Yu

. . e . ..e1 N xaw v.

Git=32948

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 34 of 37

Page 35: case (he was never charged or sued by the SEC), in Case No

. . .. . ?-

t2

TERRITORY QF THE -BRI'rIS1'I VIRGTN ISLANIIS

eI'5W , INTEItN- A..TIONA.I,. :W TNESS COMFAN IES (IRDLNANCE (T1IE AcR3. . .

'

. .. -

. . . - -'-'''''''''''*'*

..

-- - .. .-. -- , zjyas-. of jfsly -- -

ARTIC- LES -OF ASSQCIATION

OF

I,ANCER OFF. SHORE. INC.

INDEX

Interpretation 1-4Buszess 4-5Capital

5-6Jssue of Shares

6-gRedemgtion of Shares 8- t 1Determlnntion of Net Ass

et Value 12-16H vestment and Borzowing Powe

rs 16ne M u ager

16Custodian

;6- 17Share Certificates

17Aegister of Vembers17-18

'rmnqfer of Shares 18l Transmission of Shares

18-19t Reduction or Increase în Authorssed Capital or Capi:al 19-'

î 20M tctings and Colzscnts of M embers

20-23

Directors 23-24Powers of Directo

rs 24Proceedings of Dircctors

24-26Ofscers 26Colmict of lnre

rests 26-27lndemnincation

27The Seal

27i Dividend: 27-28l A

ccounts 29i

t Audit 30

@

NoticesArbitrationVoluntal'y Nvinding Up and DissolutionContinuance

T he Schedule

$--t;'1-/;r 4k13 kz:t (;

3 0 - 3 -( i 04 R 'jk , .,. aj.w t .31 /

..,- .0K.N <p -> N'f'*,-> . . - .v. ku t'/ c' ) y j7 x3 - /rv'%J t.s'.. . .

..- 4+

'

w ., -T 4/ 3* % q ..' *'

f ; * ' . ' . -' t!'Q j . r.;z ... . c' . ç i1'...5 n' I * ' - -. .:. jt: 1 - ')'. . . .'* : . ' -Y . k a. . .. . - . '.. x 1: & . ; l! . ...<. ' - .qc ( .* : '1

... t

...- - - . L-

cJt3280O

Citcc

32949

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 35 of 37

Page 36: case (he was never charged or sued by the SEC), in Case No

@

76 . perform such duties as shall be prescribetl at the time oftheir

appointment subject to any modification irl guch duties as may be prescribed tllereafter byresolutlon of Directors or resolution of Members

. but irt the absence of any gpecitk alltxationof duties it Shall be the responsibility of the chaim lan of the board of Directors to p

reside atmeetings of Directors and Mernbers, the vice chainnan to act in the absence of the chairman

.the president to mznage the day to day affairs of the Company, the vice presidents to âct in

order of seniolity ia the absence of the prtsident but otherwise to perform such dutjes as maybe delegated to them by the president, thc secretaries to maintain the share register, minuteb

ooks and records (other than tiaqncial records) of the Company and to cnsmre compliance witha11 procedural requirements imposed on the Company by applicable law and the treasure

r to beresponsible for the t'innacial affairs of the Company.

The officers shall

The emoluments of a11 ofticers shall be flxed by resolution of Directors-

prcsident and one or more vice presidents, sccretaries and trcasurers and such other oflicers as

may frorn time to thne be deemed (lesirable. Any numbcr of offices may be held by the sanlePCfSOn-

@

78. 'lhe oftkers of tht Company slmll hold office llntil their succes-sors are duly elected

and qualified, but any officer elected or apyointed by tlle Dkectors may be removed at any time,witâ or withcmt cause. by resolution of Dsrectors. Any Vacancy occurring in any office of the

Company may be filled by resolution of Directors.

CONFLICT OF m TERESTS

79. No agreenmnt or trnnqaction between the Company and one cr morc of its Directors

or any person in whicll any Director has a tinancial interest or to whom any Director is related,including as a Dpector of that other person, is void or voidable for lllis reason only or by reason

only that thc Director îs present at the mecting of Dîrectots or at the meeting of the comnéleeof Directors that appToves the agreement or trârlsaction or tha: the vote or coosent o

.f theDirector is countcd for thal purlmse if the materiai facts of the interest of each Director in the

agreameat or tranh-action and his interest in or relationsMp to any othtr party to the agreelnentor transaction are disclosed in go* faith or are krzt'wn by the other Directors

.

dO. A Director who has an interest in any particulzr business ro be considercd at a

meeting of Directors or Mernbers may be counted for purposes of tletermining whetlwr them eeting is duly colkqimtvd.

INDEMN FICATION

@

8 1 . Subject to the provisiolB of 1lx.- Act, every Director. Secreury, and other Oftker orservant of the Com pany glmll be indemnified by the Company against, and it shall be

wt- .ket-du. tyvaup.of dze Dtr' t-ctors out of the funds of the Company to pay, all costs, losses

, and e: . '!kq$4.V=W*)tI' 'kty .4:.1-. + 4r '''n.x . x .... t..w N j .any such Otficer or servant may Incur Or become l.iable for by reason of any

, . .1!c. tJ. @.nrere-tlu

ms %...i

into, or act or thing done by as such Offlccr, Dlrector. Secretary or setvant, -dr/ioi'/any ;+ay%%z-''$ à*. ..îb jj . p jg :' .' , .. . . ; y. . !., .., ... y r 2. u

'

y xt es

'

ygjji.'

r' (;- .:b-' (' .. .. , # ;.

......... . : .j :)q( ka. . j?. yk o

N, ky;,y;, !jj. . . , w

'

.j :. . . .. . c . ë , :...... g q.. 2 g,1....517248826 1. r. . - - . . .:. . .. E j,. ; -' . .. . . a.., ..

. j; )j. . . y, h.

. x . . . . . . r yj

.: ' .x, *.. ''5 '''' - -.*ï JIJII z lhXlb'

. .'

. . ': . . '' . ' ''kw 'e Q' : ' 1 ' ''

-y . . . . ... . . . ; .... .> j ak

,avk . -' .. .,u . .: ... - .:)j ..J,-: . , .'j .5%'': u ' '

. z r ; -3. !à $' . ,.:.ukz

oi . . .Mre

o .wox-pxaur,.zo -

:0082827

Citco32976

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 36 of 37

Page 37: case (he was never charged or sued by the SEC), in Case No

in the discharge of his dutiess and the amount for which such indemk'tity is providetl shalli

mmediately attach as a lien on the property of Lhe Company , and have priority as between theM

embcrs over all other claims, unless the same happened tlvough his own willful negligence

,willpl default, fraud or dishonesty.

82. Secretal'y f.lr tlther Oflicer of lhcCompany shall be ljablefor thereceipts, neglects or dcfault.s of any ethcr Dirmtor or Oflicer

, or for joining in any receipt orothcr act for confönnity, or for any loss or expense happening to the Company throagh tlwi

nmlffkiency or deficiency of title to any propctty actluired by order of d1e Directors for or onb

ehalf of the Cornpany, or for the insuftkiency or deficicncy of any security in or upon which

alzy of the moneys of the Company shall lx invested, or for say loss or damage nrising from the

banenlptcy. insolvency. or lortious act of any pqrson with wllotn any moneys, securities oreffec? shall be deposit

ed, or for any Iosg occasloned by any error oL- judgment, omission,default

, or oversight on his part. or for any othcf loss, damage, oi rnisfortune whatever whichshall Mppen in relalion to the execution of the duties of his ofsce or in relatio

n thereto, unlesstlae same happelled through his own wilftzl neglcct

, wilful default. fraud or dishonesty.

acts,No Director,

SEAL

83. The Directors shall provide for the safe custody of the Seal. An imprint thereof

slull be kcpt at tlr rtgistered oftice. The Seal when affixed to any written im tn,ment shall bcwimessed by a Director or any other pzrson so authorised from time to time b

y resolution ofDirectors. The Directors may provide for a facsimtle of the Seal and of the signat

ure of anyDirector or authorised person which may be reproduced by printing or other mea

ns on anyixtsfrumejkt and it shall bavc tlw samt fort:e and validity as if tht Seal had bcen affixed to such

instnmwnt and !1)e same had been signed as hereinbeforc described.

DIVIDBNDS

&$. 'The Company may by a resolution of Directors declare 2nd pay dividends in moncy,

slures, or other Property but divideads sllall only l7e declared and paid out of suzplus- ln the

event phat dividentls art jaid in sgecie the Directors shall have responsibility for establishing andrecording in the resolntlon cf Dlrectors autllorising the dividends

, a fair and proper value forthe asse? to be so distributed.

*

85. n e Direclors may fkozn time ro time pay to Lbe M mnbers such interim dividmlds as

appear to the Directors to be justified by the protits of the Company .

86. The Directors may, before declaring any dividend, set aside out of the profits of the

Company such s'um as they thhlk proper as a rcscrve fund , and may invest the sum so set apart

as a rcscrve fund upoll such sccurities as they nllly selecr-

87. No dividend shall be declared Ctlldirmnediately after the payment of the dividendas they become due in Lhe ordinal'y courxe of

1-r /248826

' d 1c. ss (he irrc tors ( '-m=Q':''pa l un )e'x A 1 ' @ '

1 ht: (- ompany Will able to sa - i ' f ts -1 l s- b. L1 s 1 nes s 'an d (he re.a I iza b l e e .;. (t as ' 'i

. ' ' < '' ' &*x. t e- ù. +. tl' 4; z .J a:.e + ,''@, lkz

.. J$ . t *'r ''? t. 4 ; : :.. , ..c tl'u.g .: -.p.7 o#x-oa ...$0:, V....'z . ., . ;;j ; 4:-' , t ., . ! '' ' v ' ''uk;, -% v . v . . !**f:jà. .- 1 u . . .4 , -' ! : , > .. .h a ?.7 à . rs;;o f ./1. j:.f:/V ' ' ' i '* P '

.r .- . : .'. . .. :,' ;h; g! 1-66, v. . ! . . . .;.r;. .-.. C,4. ; .. . . .. j )y. z . . k;l . . . . .. .6;3' ..t . . : - - 'e' . 'J QE c. . . v' n .

.. .... ; cx ., ' . , ' '

. . Tk z. ys..-.a. .t q

'z . ' '. . r , . . ' . *. : ' x * ,, @ sqç' .- '' * p. , ' l . ' ' . ' ''' '' P ' 'S ïfl' *.j * . . ; . ... t zp

' 1 1 . ; L . ' ' ' ' *. ' (11 '' ' *J ' - . -. '' *1%* '>. ** . . *. . z ..1 . ' ' bê ' - .' .' r a ...r:r .ç e.. z u r. . . y...y

'

w v QJ

C2032828

*

Citco

Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 37 of 37