FILED: NEW YORK COUNTY CLERK 03/08/2011

NYSCEF DOC. NO. 13-9

INDEX NO. 650027/2011 RECEIVED NYSCEF: 03/08/2011

From: Sent: To: Subject:

Tourre, Fabrice Sunday, January 28, 2007 2:50 PM Kreitman, Gail; Gerst, David RE: ABACUS - Initial Draft Engagement Letter for ACA

Any time during the day works. David and I should be there -----Original Message----From: Kreitman, Gail Sent: Sunday, January 28, 2007 1:31 PM To: Tourre, Fabrice; Gerst, David Subject: Re: ABACUS - Initial Draft Engagement Letter for ACA What time works on the 5th to have a paulson discussion who should be there? ----- Original Message From: Tourre, Fabrice To: 'lschwartz@aca.com' <lschwartz@aca.com>; Gerst, David Cc: Kreitman, Gail; ficc-mtgcorr-desk; 'kgorman@aca.com' <kgorman@aca.com> Sent: Sun Jan 28 12:32:01 2007 Subject: Re: ABACUS - Initial Draft Engagement Letter for ACA Thanks Laura for your email, this is confirming my initial impression that Paolo wanted to proceed with you subject to agreement on portfolio and compensation structure. Let's meet on Feb 5th to discuss this transaction.

Sent from my BlackBerry Wireless Handheld ----- Original Message ----From: Laura Schwartz <lschwartz@aca.com> To: Tourre, Fabrice; Gerst, David Cc: Kreitman, Gail; ficc-mtgcorr-desk; Keith Gorman <kgorman@aca.com> Sent: Sun Jan 28 08:56:00 2007 Subject: Re: ABACUS - Initial Draft Engagement Letter for ACA So I met with Paolo last night. We first talked about the collateral - why only 55 names from the first list and why the Baa3 and A3 names. He had summary performance and credit statistics on each piece of collateral on a spreadsheet (he may as much of a nerd as I am since he brought a laptop to the bar and he also seemed to have a worksheet from DB and another manager). I don't think he wants the A3 names and wasn't too keen on the Baa3 names. Let's do the Baa3 names at Baa2. He also wanted to know if we had to have so many names - I said Goldman needed 100 to help sell the debt. He also wanted to talk about the super senior - I said we would definitely look at it if Goldman planned on placing it. We also talked about the auction call - he wants a 2 year. This may be tough to sell without a makewhole. We left it that we would both work on our respective engagement letters this week - I certainly got the impression the he wanted to go forward on this with us. He is also headed to ASF. Can we meet sometime on Feb 5th to discuss mechanics of this deal? Laura Schwartz ACA Capital (212) 375 2011 Lschwartz@aca.com -----Original Message----Permanent Subcommittee on Investigations

EXHIBIT #111
Confidential Treatment Requested by Gold
GS MBS-E-002444359