February 24, 2003

Warren Vickers
The Pinnacle Experience
15100 N. 78th Way, Suite 101
Scottsdale, AZ 85260

Dear Warren:

I would like to take this opportunity to express my sincere appreciation for making my life easier.

Each year Deutsche Bank travels to Phoenix & Palm Springs for a series of Financial Conferences, and I utilize your company’s services to entertain. Pinnacle has continually exceeded my expectations! This past year’s golf outing was flawless. Rose has always handled all of our requests with ease and a smile. The fact she met and greeted all of our guests is above and beyond.

In addition, I wanted you to know that you dramatically enhanced our guest’s experience this year with an invitation to play at Whisper Rock. Dinkar Jetley and Dennis Currier loved it!

As you are undoubtedly aware, these guests are the lifeblood of Deutsche Bank’s business.
Please extend my sincere thanks to the rest of your staff for all their efforts on our behalf.

Congratulations on raising the standard.

Sincerely,
C. Steven Park
Deutsche Bank Corporate Trust
Director & Group Head
Collateralized Debt Obligations