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Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 15 of 65
Exhibit 1

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 16 of 65
Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 17 of 65
Page 1

 UNITED STATES BANKRUPTCY COURT

 SOUTHERN DISTRICT OF FLORIDA

 MIAMI DIVISION

 CASE NO.: 21-12844-AJC

 IN RE.:

 HARRY BECK GREENHOUSE,

 Debtor.

__________________________________/

VIDEOCONFERENCE

VIDEOTAPED REALTIME

DEPOSITION OF: LEE GREENHOUSE

DATE: WEDNESDAY, JUNE 2, 2021

TIME: 9:10 A.M. - 1:03 P.M.

PLACE: VIA VIDEOCONFERENCING TECHNOLOGY

STENOGRAPHICALLY

REPORTED BY: JAZZMIN A. MUSRATI, RPR, CRR

 Registered Professional Reporter

 Certified Realtime Reporter

Exhibit 2

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 18 of 65
Page 4

1 P R O C E E D I N G S

2 *********

3 (Whereupon, the proceedings began at 9:10 a.m.)

4 THE STENOGRAPHER: If I could have you raise

5 your right hand, please.

6 Do you swear or affirm that the testimony you

7 are about to give will be the truth, the whole truth

8 and nothing but the truth?

9 THE WITNESS: Yes.

10 THE STENOGRAPHER: Thank you.

11 Thereupon,

12 LEE GREENHOUSE,

13 having been first duly sworn or affirmed, was examined

14 and testified as follows:

15 DIRECT EXAMINATION

16 BY MR. GHOSH:

17 Q. Good morning. Mr. Greenhouse, my name is Pratik

18 Ghosh with BraunHagey & Borden. I represent Polychain

19 Fund 1, LP, and Polychain Partners, LLC, in this matter.

20 Before starting, I just want to state on the

21 record that we've agreed with your counsel,

22 Mr. Saldinger, to accommodate for your schedule to

23 adjourn this deposition at 1:00 p.m. Eastern Time today.

24 Although it's possible we won't conclude the

25 deposition at that time, we reserve the right to keep,

Q. Good morning. Mr. Greenhouse, my name is Pratik

18 Ghosh with BraunHagey & Borden. I represent Polychain

19 Fund 1, LP, and Polychain Partners, LLC, in this matter.

20 Before starting, I just want to state on the

21 record that we've agreed with your counsel,

22 Mr. Saldinger, to accommodate for your schedule to

23 adjourn this deposition at 1:00 p.m. Eastern Time today.

24 Although it's possible we won't conclude the

25 deposition at that time, we reserve the right to keep,

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 19 of 65
Page 5

1 you know, the deposition open until we've completed the

2 seven hours of examination, to which we're entitled.

3 That being said, we will do our very best to -- to get

4 all of our questions asked today.

5 Does that make sense to you?

6 A. That's fine.

7 Q. Perfect.

8 Can you please state your name for the record.

9 A. Lee R. Greenhouse.

10 Q. Have you ever had your deposition taken before?

11 A. Yes. A long time ago I was an expert witness in

12 a trial.

13 Q. And can you describe that -- the nature of that

14 case, briefly.

15 A. A long time ago, it's probably 25 years ago. It

16 involved an information company that had a contract with

17 another company that they felt had been breached. And

18 that was basically the -- the essence of the matter. I

19 don't recall it, it was a long time ago.

20 Q. Do you know the caption of that case. So the

21 parties v. parties?

22 A. I don't even remember the -- I think -- I think

23 the -- I don't even remember the name of the company. I

24 believe it -- I believe they were suing Citibank, that's

25 all I...

you know, the deposition open until we've completed the

2 seven hours of examination, to which we're entitled.

3 That being said, we will do our very best to -- to get

4 all of our questions asked today.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 20 of 65
Page 9

1 Mr. Saldinger is your attorney in this case; is

2 that correct?

3 A. Yes.

4 Q. Have you had any other counsel besides from

5 Mr. Saldinger in this bankruptcy?

6 A. No.

7 Q. What is your relationship with Harry Beck

8 Greenhouse?

9 A. Harry's my son.

10 Q. He's the debtor in these Chapter 11 cases; is

11 that correct?

12 A. Yes.

13 Q. When I refer to Mr. Harry Greenhouse as "Debtor,"

14 will that be clear to you?

15 A. Yes.

16 Q. If you have any questions about who I'm referring

17 to, please ask.

18 I want to briefly talk about, you know, your

19 document collection process, we do appreciate that --

20 the documents that you were able to provide to us. You

21 understand that once you were served with that subpoena,

22 you had an obligation to preserve all relevant

23 documents, right?

24 A. Yes.

25 Q. Did you take any steps in order to meet that

Q. If you have any questions about who I'm referring

17 to, please ask.

18 I want to briefly talk about, you know, your

19 document collection process, we do appreciate that --

20 the documents that you were able to provide to us. You

21 understand that once you were served with that subpoena,

22 you had an obligation to preserve all relevant

23 documents, right?

24 A. Yes.

25 Q. Did you take any steps in order to meet that

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 21 of 65
Page 10

1 preservation obligation?

2 A. Well, it's what I, I guess, I didn't do. I

3 didn't delete any documents or anything else. So I did

4 nothing specific.

5 Q. Great.

6 Did you speak with anybody regarding how to

7 fulfill your preservation -- document preservation

8 obligations?

9 A. No.

10 Q. Okay. Did you, yourself, collect documents that

11 were responsive to Polychain's Rule 2004 request?

12 A. Do you mean in response to your request?

13 Q. That's right.

14 A. Did -- I'm sorry.

15 Would you restate the question?

16 Q. Sure.

17 Who was responsible for collecting the documents

18 responsive to the -- the request?

19 A. Oh, I was.

20 Q. Okay. Can you briefly describe the process for

21 that collection.

22 A. Well, depends on the type of document. For bank

23 statements, I went online and got the bank statements.

24 Brokerage statements, I did the same. For emails, I

25 went through emails. And that was about it.

preservation obligation?

2 A. Well, it's what I, I guess, I didn't do. I

3 didn't delete any documents or anything else. So I did

4 nothing specific.

5 Q. Great.

6 Did you speak with anybody regarding how to

7 fulfill your preservation -- document preservation

8 obligations?

9 A. No.

10 Q. Okay. Did you, yourself, collect documents that

11 were responsive to Polychain's Rule 2004 request?

12 A. Do you mean in response to your request?

13 Q. That's right.

14 A. Did -- I'm sorry.

15 Would you restate the question?

16 Q. Sure.

17 Who was responsible for collecting the documents

18 responsive to the -- the request?

19 A. Oh, I was.

20 Q. Okay. Can you briefly describe the process for

21 that collection.

22 A. Well, depends on the type of document. For bank

23 statements, I went online and got the bank statements.

24 Brokerage statements, I did the same. For emails, I

25 went through emails. And that was about it.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 22 of 65
Page 11

1 Q. Okay. When you say that you went through emails,

2 are you referring to your Gmail account?

3 A. Yes.

4 Q. How did you locate responsive emails on that

5 account?

6 A. I went through every email between me and Harry

7 for the dates that were requested.

8 Q. Got it.

9 Did you apply any -- any search terms to capture

10 any communications between that with Debtor?

11 A. No.

12 Q. Okay. You didn't apply any terms into the -- the

13 Gmail search bar up top to make sure you were capturing

14 all communications?

15 A. No. Because I went through every one.

16 Q. Okay. So when you say you went through every

17 one, you mean every one between yourself and Debtor; is

18 that correct?

19 A. Yes.

20 Q. Got it.

21 You didn't go through any emails between yourself

22 and any other individual?

23 A. I don't think so.

24 Q. Okay. Did you search any other electronic

25 devices you may have, other than your Gmail account, for

Q. Okay. When you say that you went through emails,

2 are you referring to your Gmail account?

3 A. Yes.

4 Q. How did you locate responsive emails on that

5 account?

6 A. I went through every email between me and Harry

7 for the dates that were requested.

8 Q. Got it.

9 Did you apply any -- any search terms to capture

10 any communications between that with Debtor?

11 A. No.

12 Q. Okay. You didn't apply any terms into the -- the

13 Gmail search bar up top to make sure you were capturing

14 all communications?

15 A. No. Because I went through every one.

16 Q. Okay. So when you say you went through every

17 one, you mean every one between yourself and Debtor; is

18 that correct?

19 A. Yes.

20 Q. Got it.

21 You didn't go through any emails between yourself

22 and any other individual?

23 A. I don't think so.

24 Q. Okay. Did you search any other electronic

25 devices you may have, other than your Gmail account, for

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 23 of 65
Page 12

1 any other responsive documents or communications?

2 A. No. Just the -- you know, just the Gmail

3 account.

4 Q. Do you have a cell phone with text messaging

5 features?

6 A. Yes, I do. Actually, I did look at the text

7 messages too.

8 Q. Okay. And did you -- did you have any responsive

9 text messages...

10 A. No.

11 Q. Okay. Do you have an iCloud account or some

12 other sort of cloud-based platform that you use?

13 A. Yes.

14 Q. Did you search those cloud-based platforms for

15 any responsive documents?

16 A. No.

17 Well, wait. Did I?

18 I guess not, no.

19 Q. Okay. Do you have any email accounts, besides

20 that greenhousegrows Gmail accounts that you stated you

21 searched?

22 A. I have two email accounts. One is the

23 greenhousegrows and the other is lrgreenhouse@gmail.

24 Q. All right. Did you search that lrgreenhouse

25 account for responsive documents and communications?

any other responsive documents or communications?

2 A. No. Just the -- you know, just the Gmail

3 account.

4 Q. Do you have a cell phone with text messaging

5 features?

6 A. Yes, I do. Actually, I did look at the text

7 messages too.

8 Q. Okay. And did you -- did you have any responsive

9 text messages...

10 A. No.

11 Q. Okay. Do you have an iCloud account or some

12 other sort of cloud-based platform that you use?

13 A. Yes.

14 Q. Did you search those cloud-based platforms for

15 any responsive documents?

16 A. No.

17 Well, wait. Did I?

18 I guess not, no.

19 Q. Okay. Do you have any email accounts, besides

20 that greenhousegrows Gmail accounts that you stated you

21 searched?

22 A. I have two email accounts. One is the

23 greenhousegrows and the other is lrgreenhouse@gmail.

24 Q. All right. Did you search that lrgreenhouse

25 account for responsive documents and communications?

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 24 of 65
Page 13

1 A. I did, yes.

2 Q. Okay. And were there any?

3 A. I think there were just two which had to do

4 with -- yes, I think there were just two, and I provided

5 those.

6 Q. Okay. Have you withheld any documents or

7 communications that were responsive to Polychain's

8 request?

9 A. No.

10 Q. Okay. I want to briefly get into your

11 background.

12 Can you briefly describe your educational

13 background?

14 A. I have a -- a bachelor's degree from Harvard

15 University. No other further formal education.

16 Q. Can you briefly describe your professional

17 experiences.

18 A. Most recently, say from about 1992 until I

19 retired about a year and a half ago, I was a consultant

20 doing strategy consulting or, you know, business

21 consulting for companies whose businesses involved

22 information, online databases, and things like that.

23 You can think of them as publishers, database

24 publishers.

25 Q. Can you just describe some of the various

A. I did, yes.

2 Q. Okay. And were there any?

3 A. I think there were just two which had to do

4 with -- yes, I think there were just two, and I provided

5 those.

6 Q. Okay. Have you withheld any documents or

7 communications that were responsive to Polychain's

8 request?

9 A. No.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 25 of 65
Page 42

1 A. No.

2 Q. Okay. Are you a participant in 1confirmation

3 Fund, LP?

4 A. You're talking about the fund -- the fund one,

5 no.

6 Q. The entity name is 1confirmation Fund, LP?

7 A. No.

8 Q. Okay. Are you a participant in Greenhouse USV

9 2012 Joint Venture?

10 A. Yes.

11 Q. Are you a participant in Greenhouse USV 2014

12 Joint Venture?

13 A. Yes.

14 Q. Are you a participant in USV 2014 Opportunity

15 Joint Venture?

16 A. Yes.

17 Q. Are you a participant in Greenhouse USV 2016

18 Joint Venture?

19 A. Yes.

20 Q. Are you a participant in Greenhouse USV 2019

21 Joint Venture?

22 A. Yes.

23 Q. Okay. What is the difference between the

24 Greenhouse USV 2014 Joint Venture and the USV 2014

25 Opportunity Joint Venture?

Joint Venture?

16 A. Yes.

17 Q. Are you a participant in Greenhouse USV 2016

18 Joint Venture?

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 26 of 65
Page 46

1 Q. And which email account does the Union Square

2 Ventures send you emails about your investments there?

3 A. I believe it's the -- it's the greenhousegrows

4 account. But I should tell you, all the -- all of

5 the -- because I am trying to switch over -- all of

6 greenhousegrows emails are automatically forwarded to my

7 other account, which is really the one I use.

8 Q. And that's the @lgreenhouse.com Gmail account,

9 correct?

10 A. Lrgreenhouse.

11 MR. GHOSH: Okay. At this point we'd like to

12 make a document request for those USV capital call

13 communications. And, you know, as we stated on the

14 record, all rights are reserved, and we'll be

15 following up with formal requests.

16 MR. SALDINGER: May I just point out one thing

17 here: I believe that you have the capital account

18 statements, which are cumulative. And all of those

19 list all of the capital calls on them, I believe.

20 MR. GHOSH: Understood. We will get to those

21 in a second.

22 BY MR. GHOSH:

23 Q. If I can just draw your attention -- if we can go

24 to the next page of this document, to the paragraph

25 titled "Second."

record, all rights are reserved, and we'll be

15 following up with formal requests.

16 MR. SALDINGER: May I just point out one thing

17 here: I believe that you have the capital account

18 statements, which are cumulative. And all of those

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 27 of 65
Page 47

1 Contributions to this 2019 USV JV -- and by "JV,"

2 I mean joint venture -- these contributions were made

3 between yourself, Lee R. Greenhouse, Debtor, and Harry

4 Greenhouse, as well as three other individuals,

5 Charles R. Greenhouse, Nancy Greenhouse, and Wendy

6 Greenhouse; is that correct?

7 A. Yes.

8 Q. Are these all of the individuals that invested in

9 the USV 2019 Joint Venture?

10 A. Yes.

11 Q. Can you please explain your relationship between

12 each of these investors, between yourself and each of

13 the investors.

14 A. Charles is my father, Nancy's my sister, and

15 Wendy's my sister.

16 Q. Understood.

17 Currently, if we could just scroll down to the

18 next paragraph. Currently Debtor has a 29.38 percent

19 interest in the USV 2019 Joint Venture; is that correct?

20 A. If that's what it says here, then that's correct.

21 Q. That amounts to approximately $99,000 in

22 interest; is that correct?

23 A. Yes.

24 Q. Has Debtor actually paid that $99,000?

25 A. No.

interest in the USV 2019 Joint Venture; is that correct?

20 A. If that's what it says here, then that's correct.

21 Q. That amounts to approximately $99,000 in

22 interest; is that correct?

23 A. Yes.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 28 of 65
Page 50

1 Square Ventures regarding the makeup of the portfolio

2 for any of their funds?

3 A. Yes.

4 Q. Okay. How do you receive those communications?

5 A. Usually, sometimes they have a core meeting

6 report where they list the components of the funds.

7 Q. Okay. What are the sort of assets that are in

8 the USV Joint Venture 2019, or the -- or the USV 2019

9 Fund?

10 A. I can't tell you specifically. But I can say

11 they are generally early-stage companies in, you know,

12 technology. Well, they're not all technology. But

13 they're, you know -- they're early-stage companies,

14 basically.

15 MR. GHOSH: Okay. At this time, understanding

16 that all rights have been reserved, we would like to

17 make a document request for documents and

18 communications concerning the portfolio makeup of the

19 USV funds in which Debtor has a stake.

20 BY MR. GHOSH:

21 Q. What were your responsibilities with respect to

22 the management of the USV Joint Venture entities?

23 A. As earlier, after the entity had been set up, I

24 would collect money periodically from each member,

25 deposit in the bank, and then either write a check or

Q. What were your responsibilities with respect to

22 the management of the USV Joint Venture entities?

23 A. As earlier, after the entity had been set up, I

24 would collect money periodically from each member,

25 deposit in the bank, and then either write a check or

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 29 of 65
Page 51

1 wire the money to Union Square when they called capital.

2 And then if there was a liquidity event, I would

3 distribute out to everybody.

4 Q. I'm just trying to understand the nature of the

5 capital call for Greenhouse USV 2019.

6 Is that capital call coming from United -- or

7 Union Square Ventures to your fund, or is it coming from

8 your fund to the investors?

9 A. Well, first it comes from Union Square to us, and

10 they call capital periodically. And then if -- if

11 necessary, then I ask my relatives to send me a check

12 for some amount. So -- but it starts with the request

13 from Union Square.

14 Q. And how do you ask your relatives to send you a

15 check? What is the form of that communication?

16 A. Typically I'll just send an email.

17 MR. GHOSH: Okay. At this time, understanding

18 all rights are reserved, we would like to make a

19 request for communications regarding any capital

20 calls on behalf of the USV Greenhouse 2019 Venture.

21 MR. SALDINGER: Any request by whom?

22 MR. GHOSH: Any requests by Mr. Greenhouse to

23 Debtor.

24 But, again, we'll clarify that via a follow-up

25 off the record.

wire the money to Union Square when they called capital.

2 And then if there was a liquidity event, I would

3 distribute out to everybody.

4 Q. I'm just trying to understand the nature of the

5 capital call for Greenhouse USV 2019.

6 Is that capital call coming from United -- or

7 Union Square Ventures to your fund, or is it coming from

8 your fund to the investors?

9 A. Well, first it comes from Union Square to us, and

10 they call capital periodically. And then if -- if

11 necessary, then I ask my relatives to send me a check

12 for some amount. So -- but it starts with the request

13 from Union Square.

14 Q. And how do you ask your relatives to send you a

15 check? What is the form of that communication?

16 A. Typically I'll just send an email.

rights are reserved, we would like to make a

19 request for communications regarding any capital

20 calls on behalf of the USV Greenhouse 2019 Venture.

21 MR. SALDINGER: Any request by whom?

22 MR. GHOSH: Any requests by Mr. Greenhouse to

23 Debtor.

24 But, again, we'll clarify that via a follow-up

25 off the record.

17 MR. GHOSH: Okay. At this time, understanding

18 all 

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 30 of 65
Page 52

1 BY MR. GHOSH:

2 Q. Do you -- have you had any communications with

3 Debtor regarding his ability or inability to make the

4 capital call for the 2019 Joint Venture entity?

5 A. May I also explain that first? It's not -- it's

6 not always an entirely formal thing, that sometimes it's

7 verbal as well. Because in different -- different

8 people have had different abilities to pay more, you

9 know, faster than others.

10 So for some of it, it's like some people pay more

11 sooner, just to have it paid in. And other people do it

12 slower. And sometimes it's just been verbal. I don't

13 know that it's always -- it's not like it's a formal

14 thing for me. Because, you know, these are my close

15 relatives. A lot of times it's just a phone call.

16 Q. Okay. Understood.

17 But some of the time these capital calls are made

18 via email; is that correct?

19 A. Right. Sometimes. But I -- I'm not going to --

20 I just want you to know, there's not necessarily an

21 email every time. And also I have tended to

22 generally -- the capital that I request from my

23 relatives does not necessarily map one to one at all, or

24 even map to the capital requested by the fund.

25 A lot of times it's, you know -- I'm going to get

A. Right. Sometimes. But I -- I'm not going to --

20 I just want you to know, there's not necessarily an

21 email every time. And also I have tended to

22 generally -- the capital that I request from my

23 relatives does not necessarily map one to one at all, or

BY MR. GHOSH:

2 Q. Do you -- have you had any communications with

3 Debtor regarding his ability or inability to make the

4 capital call for the 2019 Joint Venture entity?

5 A. May I also explain that first? It's not -- it's

6 not always an entirely formal thing, that sometimes it's

7 verbal as well. Because in different -- different

8 people have had different abilities to pay more, you

9 know, faster than others.

10 So for some of it, it's like some people pay more

11 sooner, just to have it paid in. And other people do it

12 slower. And sometimes it's just been verbal. I don't

13 know that it's always -- it's not like it's a formal

14 thing for me. Because, you know, these are my close

15 relatives. A lot of times it's just a phone call.

16 Q. Okay. Understood.

17 But some of the time these capital calls are made

18 via email; is that correct?

19

24 even map to the capital requested by the fund.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 31 of 65
Page 54

1 what the percent was.

2 Q. Okay. And then how do you -- how do you make

3 sure -- since it's such an informal communication, how

4 do you make sure that every one is sending the amount

5 that you agreed to, you know, informally on the phone?

6 A. I just keep kind of a, you know -- a little

7 spreadsheet I keep it in.

8 Q. Okay.

9 A. And not everybody sends the same amount either.

10 That's the other thing.

11 Q. Okay. So, again, just -- just drawing your

12 attention back to this percentage schedule here, you,

13 Charles R. Greenhouse, your father, and your son, Harry

14 Greenhouse, all have the same stake.

15 Would you say sometimes the three of you will

16 deposit different amounts into this joint account?

17 A. Yes.

18 Q. Okay. And how do you reconcile that going

19 forward to make sure that the -- the amount of money

20 from each investor that's put into the USV fund is

21 consistent with your -- with your agreement laid out in

22 Exhibit 3?

23 A. I just -- I track it on a spreadsheet.

24 MR. GHOSH: Okay. At this time, understanding

25 all rights are reserved, we would like to request the

Q. Okay. And then how do you -- how do you make

3 sure -- since it's such an informal communication, how

4 do you make sure that every one is sending the amount

5 that you agreed to, you know, informally on the phone?

6 A. I just keep kind of a, you know -- a little

7 spreadsheet I keep it in.

8 Q. Okay.

9 A. And not everybody sends the same amount either.

10 That's the other thing.

11 Q. Okay. So, again, just -- just drawing your

12 attention back to this percentage schedule here, you,

13 Charles R. Greenhouse, your father, and your son, Harry

14 Greenhouse, all have the same stake.

15 Would you say sometimes the three of you will

16 deposit different amounts into this joint account?

17 A. Yes.

18 Q. Okay. And how do you reconcile that going

19 forward to make sure that the -- the amount of money

20 from each investor that's put into the USV fund is

21 consistent with your -- with your agreement laid out in

22 Exhibit 3?

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 32 of 65
Page 66

1 company, so the price was not evident either.

2 Q. Okay. What was the vehicle in which you were

3 permitted to invest in a private company?

4 A. This is -- Union Square did the investing.

5 Q. To your knowledge, Union Square is permitted to

6 invest in nonpublic entities; is that correct?

7 A. That's basically their business.

8 Q. Understood.

9 And do you have any say in what kind of nonpublic

10 entities they invest in?

11 A. No.

12 Q. You understand that Coinbase's primary business

13 is brokering cryptocurrency transactions?

14 A. It brokers' transactions. It's also like a bank

15 with a secure holding service.

16 Q. A secure holder of cryptocurrency; is that right?

17 A. Yeah. Sort of a combination of a stock exchange,

18 I guess, in a bank. That's as I understand it.

19 Q. Is your understanding of cryptocurrencies' value,

20 in general, would it be fair to characterize that as

21 volatile?

22 A. Cryptocurrencies' value as volatile?

23 Q. Yeah. Would that be a correct characterization?

24 A. I think so.

25 Q. Okay. Do you know how much of USV assets are

1 volatile?

22 A. Cryptocurrencies' value as volatile?

23 Q. Yeah. Would that be a correct characterization?

24 A. I think so.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 33 of 65
Page 67

1 involved in Coinbase or other crypto-based businesses?

2 A. I don't know.

3 Q. Is that information located on the portfolio

4 reports that you get from USV?

5 A. They list companies. And to the extent you can

6 tell from the name of the company they own, I suppose

7 so.

8 Q. You're administrator of the Greenhouse USV Joint

9 Venture; is that correct?

10 A. Yeah. That's my informal role. It's not my job

11 title.

12 Q. Right. And it's not your job title because this

13 is all sort of an informal family investment vehicle; is

14 that right?

15 MR. SALDINGER: Objection; mischaracterizes

16 prior testimony.

17 You're putting words in his mouth, Pratik.

18 MR. GHOSH: The question stands.

19 BY MR. GHOSH:

20 Q. Is the reason why that's not your job title, is

21 it because this is an informal family investment

22 vehicle?

23 A. Right. The -- the agreements, when they're set

24 up, names me as something called a nominee, which is

25 sort of the manager.

Q. You're administrator of the Greenhouse USV Joint

9 Venture; is that correct?

10 A. Yeah. That's my informal role. It's not my job

11 title.

12 Q. Right. And it's not your job title because this

13 is all sort of an informal family investment vehicle; is

14 that right?

15 MR. SALDINGER: Objection; mischaracterizes

16 prior testimony.

17 You're putting words in his mouth, Pratik.

18 MR. GHOSH: The question stands.

19 BY MR. GHOSH:

20 Q. Is the reason why that's not your job title, is

21 it because this is an informal family investment

22 vehicle?

23 A. Right. The -- the agreements, when they're set

24 up, names me as something called a nominee, which is

25 sort of the manager.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 34 of 65
Page 152

1 CERTIFICATE OF REPORTER

2 STATE OF FLORIDA:

3 COUNTY OF ORANGE:

4

5 I, Jazzmin A. Musrati, RPR, CRR, Notary Public, State

6 of Florida, certify that I was authorized to and did

7 stenographically report the deposition of LEE

8 GREENHOUSE; that a review of the transcript was

9 requested; and that the foregoing transcript, Pages 1

10 through 154, is a true and accurate record of my

11 stenographic notes.

12 I further certify that I am not a relative, employee,

13 or attorney, or counsel of any of the parties, nor am I

14 a relative or employee of any of the parties' attorneys

15 or counsel connected with the action, nor am I

16 financially interested in the action.

17

18 DATED: June 7, 2021.

19

20

21 __________________________________

 Jazzmin A. Musrati, RPR, CRR

22 Registered Professional Reporter

 Certified Realtime Reporter

23

24

25

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 35 of 65
From: Pratik Ghosh

To: Richard A. Saldinger

Cc: Noah Hagey; Andrew Levine; James C. Moon

Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

Date: Thursday, May 6, 2021 7:28:00 AM

Attachments: image001.jpg

image002.jpg

image003.jpg

image004.jpg

image005.jpg

Rich,

Thanks for taking the time to speak with us yesterday about our Rule 2004 document requests. We

appreciate you confirming that you will be producing documents responsive to our requests by May

12, 2021.

For Request #6, asking for “[a]ll documents from January 1, 2018 to present regarding any entities in

which both You and Debtor have an interest” we are seeking documents such as:

profit/loss statements,

financial projections,

major transactions into/out of the entity,

tax documents relating to the entity,

membership distribution agreements, or

any other agreements concerning the Debtor’s future income related to the ownership

interest.

The above is not intended to be an exhaustive list, but rather serves to illustrate the types of

documents we are seeking with this request. We hope that this provides the clarification you

sought, and please let me know if you have any other questions regarding this or other requests.

As discussed, please send over your proposed search terms that you plan to use to locate responsive

documents. We can review those search terms promptly and provide comments that may help

further define the scope of the search.

Best,

Pratik

Pratik K. Raj Ghosh

BRAUN HAGEY & BORDEN LLP

Direct: (415) 715-4302

From: Richard A. Saldinger <rsaldinger@llflegal.com> 

Sent: Wednesday, May 5, 2021 9:56 AM

To: Pratik Ghosh <Ghosh@braunhagey.com>

Cc: Noah Hagey <hagey@braunhagey.com>; Andrew Levine <levine@braunhagey.com>; James C.

Moon <jmoon@melandbudwick.com>

Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

Exhibit 3

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 36 of 65
*** EXTERNAL MESSAGE ***

Thanks for your e-mail, Pratik. How about 2:00 p.m. ET this afternoon?

Twitter LinkedIn Maps

Richard A. Saldinger / Partner

rsaldinger@llflegal.com

Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

This communication is intended only for the individual or entity to whom it is directed. It may contain information that is

privileged, confidential or otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying

of the communication by anyone other than the intended recipient, or a duly designated employee or agent of such

recipient, is prohibited. If you have received this communication in error, please notify us immediately by telephone or

reply e-mail (hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

From: Pratik Ghosh <Ghosh@braunhagey.com> 

Sent: Wednesday, May 5, 2021 7:36 AM

To: Richard A. Saldinger <rsaldinger@llflegal.com>

Cc: Noah Hagey <hagey@braunhagey.com>; Andrew Levine <levine@braunhagey.com>; James C.

Moon <jmoon@melandbudwick.com>

Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

Rich,

We are generally available today between 10:30-11:30 AM ET and 1:00-4:00 PM ET to confer on our

document requests. Thank you for confirming that you will be producing documents by May 12,

2021. We will plan to conduct Mr. Lee Greenhouse’s deposition on May 26, 2021, and will amend

the Rule 2004 notice accordingly.

Best,

Pratik

Pratik K. Raj Ghosh

BRAUN HAGEY & BORDEN LLP

Direct: (415) 715-4302

From: Richard A. Saldinger <rsaldinger@llflegal.com> 

Sent: Sunday, May 2, 2021 6:39 PM

To: James C. Moon <jmoon@melandbudwick.com>

Cc: Robert P. Charbonneau <RPC@agentislaw.com>; Andrew Levine <levine@braunhagey.com>;

Noah Hagey <hagey@braunhagey.com>; Pratik Ghosh <Ghosh@braunhagey.com>

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 37 of 65
Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

*** EXTERNAL MESSAGE ***

Jim,

Assuming we can get some clarity and agreement on a few of the requests, my client can produce

documents by 5/12.

As far as my client’s deposition, he is available on 5/18 or 5/19 beginning in the morning or 5/25 or

5/26 beginning in the morning.

Let me know when you are free for a call tomorrow (Monday) afternoon or on Tuesday to discuss

the document requests.

Thanks.

Rich

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Richard A. Saldinger / Partner

rsaldinger@llflegal.com Image removed by sender.

Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

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This communication is intended only for the individual or entity to whom it is directed. It may contain information that is

privileged, confidential or otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying of

the communication by anyone other than the intended recipient, or a duly designated employee or agent of such recipient,

is prohibited. If you have received this communication in error, please notify us immediately by telephone or reply e-mail

(hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

From: James C. Moon <jmoon@melandbudwick.com> 

Sent: Friday, April 30, 2021 10:49 AM

To: Richard A. Saldinger <rsaldinger@llflegal.com>

Cc: Robert P. Charbonneau <RPC@agentislaw.com>; Andrew Levine <levine@braunhagey.com>;

Noah Hagey <hagey@braunhagey.com>; Pratik Ghosh <Ghosh@braunhagey.com>

Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

Richard,

I appreciate your point, but I will need those dates ASAP. As you know, the document requests

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 38 of 65
relate to documents in your clients custody and/or control. The Debtor has his own

production requests, and while the documents may overlap, that is not really the point.

If, after we firm up the dates, there are requests that you or your client think are unclear, or

you need clarification, we can get on the phone and discuss, but we do not need the Debtor’s

counsel for that exercise.

Warm regards,

Jim

From: Richard A. Saldinger <rsaldinger@llflegal.com> 

Sent: Friday, April 30, 2021 11:41 AM

To: James C. Moon <jmoon@melandbudwick.com>

Cc: Robert P. Charbonneau <RPC@agentislaw.com>

Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

EXTERNAL EMAIL:

I will circle back with my client regarding deposition dates, and get back to you.

I understand your need to re-notice, but it is also connected with the scope of the document

request. Having said that, I am pretty sure that I can get you documents within 10 days (maybe less)

once we are on the same page of what will be produced. Hope that makes sense.

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Richard A. Saldinger / Partner

rsaldinger@llflegal.com Image removed by sender.

Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

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This communication is intended only for the individual or entity to whom it is directed. It may contain information that is

privileged, confidential or otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying of

the communication by anyone other than the intended recipient, or a duly designated employee or agent of such recipient,

is prohibited. If you have received this communication in error, please notify us immediately by telephone or reply e-mail

(hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

From: James C. Moon <jmoon@melandbudwick.com> 

Sent: Friday, April 30, 2021 10:33 AM

To: Richard A. Saldinger <rsaldinger@llflegal.com>

Cc: Robert P. Charbonneau <RPC@agentislaw.com>

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 39 of 65
Subject: RE: In re Bankruptcy Estate of Harry Greenhouse

Richard,

Before I do that, I need you to confirm dates for production and your client’s exam.

Please provide those dates so I can re-notice.

Warm regards,

Jim

From: Richard A. Saldinger <rsaldinger@llflegal.com> 

Sent: Friday, April 30, 2021 11:25 AM

To: James C. Moon <jmoon@melandbudwick.com>

Cc: Robert P. Charbonneau <RPC@agentislaw.com>

Subject: In re Bankruptcy Estate of Harry Greenhouse

EXTERNAL EMAIL:

Jim,

I wanted to follow up with you before the end of the week, as promised. From reviewing the docket,

it looks like your client also served a Subpoena upon the Debtor for documents and his deposition. 

As far as the document production, I think it makes some sense to have a conference call with you,

me and Bob Charbonneau to discuss and coordinate the document production. My goal (and I

presume Bob’s goal as well) is to provide you with the responsive, relevant documents without also

providing you with multiple copies of the same documents, as I believe some of the requests in both

Subpoenas overlap.

If you agree, let’s schedule a call to discuss the requests. Thanks.

Regards,

Rich Saldinger

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Richard A. Saldinger / Partner

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Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 40 of 65
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This communication is intended only for the individual or entity to whom it is directed. It may contain information that is

privileged, confidential or otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying of

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is prohibited. If you have received this communication in error, please notify us immediately by telephone or reply e-mail

(hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 41 of 65
San Francisco & New York 

Pratik K. Ghosh, Esq. 

ghosh@braunhagey.com 

San Francisco 

351 California St., 10th Floor 

San Francisco, CA 94104 

Tel. & Fax: (415) 599-0210 

New York 

7 Times Square, 27th Floor 

New York, NY 10036-6524 

Tel. & Fax: (646) 829-9403 

June 4, 2021 

VIA EMAIL 

Richard A. Saldinger 

Latimer LeVay Fryock LLC 

55 W Monroe Street – Suite 1100

Chicago, IL 60603 

Email: rsaldinger@llflegal.com 

Re: In re Harry B. Greenhouse (Bankr. S.D. Fla. Case No. 21-12844-AJC) 

Polychain’s June 2, 2021 Rule 2004 Examination of Lee Greenhouse 

Dear Mr. Saldinger: 

As you know, we represent Polychain Partners LLC and Polychain Fund I (together, 

“Polychain”), creditors in the above captioned bankruptcy proceeding. On Wednesday, June 2, 

2021, we took the deposition of your client, Mr. Lee Greenhouse, pursuant to Polychain’s Rule 

2004 Examination Decues Tecum (“Subpoena”). We write to address certain matters that arose 

during the course of Mr. Lee Greenhouse’s deposition. 

A. Mr. Lee Greenhouse’s Deficient Document Collection Efforts 

First, Mr. Lee Greenhouse’s testimony has confirmed that his document collection efforts 

and resulting production were deficient and improper. The deficiencies include but are not 

limited to: 

x Your client conducted the document collection entirely himself, such that he made 

his own determinations about whether documents were responsive. This is 

improper given his close relationship with Debtor. 

x Your client did not search the hard drive on his personal computer for responsive 

documents using any keyword search terms. 

x Your client did not search his email accounts using keyword search terms. 

x Your client’s email collection process consisted solely of reviewing emails that he 

had with Debtor, and then producing the documents be believed to be responsive. 

He did not use keyword search terms to attempt to locate emails he may have had 

with individuals other than Debtor that are responsive to Polychain’s Subpoena. 

x Your client testified that he conducted a manual review of only some of his emails 

and paper files, and produced to Polychain only a subset of those documents. 

Exhibit 4

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 42 of 65
June 4, 2021 

Page 2 

x Your client did not search the cloud-based platforms that he testified he utilizes. 

x Your client did not search any prior electronic devices that may still be in his 

possession. 

x Your client did not use keyword search terms to search his text messages with 

Debtor and other recipients. 

By any measure, your client has failed to conduct a competent document collection, and 

as a result has failed to produce responsive documents. This is not a theoretical objection; to the 

contrary, your client testified repeatedly about documents and communications that should have 

been produced and that would have been identified as responsive if his collection efforts were 

competent and proper. Polychain therefore demands that your client immediately supplement his 

production with any and all responsive documents located after performing a competent search, 

including by addressing the objections set forth above. 

B. Request for Unproduced Responsive Documents that Mr. Lee Greenhouse 

Referenced During the Deposition 

Second, Mr. Lee Greenhouse referred to a number of documents during the deposition 

that are plainly responsive to the Subpoena but that were not produced. In particular, the 

Subpoena included requests seeking (i) “documents from January 1, 2018 to present regarding 

any entities in which both You and Debtor have an interest,” and (ii) “statements for all 

investment, trading, or retirement accounts jointly owned [by] You and Debtor from January 1, 

2018 to present.” The following categories of documents, which were not produced to us, are 

responsive to each of these requests. Polychain therefore demands that Mr. Lee Greenhouse 

promptly produce any such documents in his possession, custody, and/or control: 

x Any spreadsheets or ledgers containing an accounting of the money your client 

receives from the investors of the Greenhouse USV Joint Ventures, including the 

Excel spreadsheet he referred to during his examination containing the amounts 

Debtor has transferred to the Greenhouse USV Joint Ventures1

 and the dates of 

those transfers (6/2/21 L. Greenhouse Dep. Tr. at 52:19-23); 

x Any agreements between Union Square Ventures (“USV”) and the Greenhouse 

USV Joint Ventures, including the subscription agreements that your client 

referred to during his examination (6/2/21 L. Greenhouse Dep. Tr. at 66:21-24); 

x Any document and communications involving your client regarding any capital 

call to—or other request or demand for funds from—any of the Greenhouse USV 

1

 “Greenhouse USV Joint Ventures” refers to Greenhouse USV 2012 Joint Venture, Greenhouse USV 2014 Joint 

Venture, USV 2014 Opportunity Joint Venture, Greenhouse USV 2016 Joint Venture, Greenhouse USV 2019 Joint 

Venture. Both Lee Greenhouse and Harry Greenhouse are members of these entities. 

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 43 of 65
June 4, 2021 

Page 3 

Joint Ventures to any of its individual investors, including Debtor (6/2/21 L. 

Greenhouse Dep. Tr. at 47:19-23); 

x Any communications involving your client and USV, including any of its owners, 

partners, employees, or agents, regarding the Greenhouse USV Joint Ventures 

(6/2/21 L. Greenhouse Dep. Tr. at 42:15-18); and 

x Any documents concerning the holdings of any of the USV funds that any 

Greenhouse USV Joint Ventures was invested in (this includes, but is not limited 

to, USV 2012 Investors Fund, LP, USV Investors 2014, LP, USV Investors 2016, 

LP, and USV Investors 2019, LP) (6/2/21 L. Greenhouse Dep. Tr. at 46:14-18). 

Your client has no justification for having failed to produce documents in the above 

categories. The parties met and conferred on these exact requests on May 5, 2021, and we 

subsequently provided clarification that these requests included documents and communications 

concerning the Greenhouse USV Joint Ventures. On May 6, 2021, we followed up by email to 

provide a non-exhaustive list for illustrative purposes of documents that would be relevant to 

these requests. That email referred to documents concerning transactions into and out of jointly 

held entities, membership agreements, and any other agreements concerning Debtor’s ownership 

interest in the jointly held entities. The documents and communications above are not only 

plainly within the scope of the Subpoena, but they are also consistent with the guidance we 

provided to you during our meet and confer and subsequent correspondence. Polychain therefore 

demands that these documents be produced promptly. 

C. Your Improper Instructions that Mr. Lee Greenhouse Not Answer Questions 

Relating to the February 3, 2021 Power of Attorney 

Third, during the deposition, you instructed Mr. Lee Greenhouse not to answer a number 

of our questions regarding the February 3, 2021 Power of Attorney (“POA”), which appointed 

him as Debtor’s attorney-in-fact. Mr. Lee Greenhouse followed those instructions, and refused 

to provide even basic information regarding that POA. 

These privilege objections are improper. In each question we asked, we made expressly 

clear that the information we sought specifically excluded any information learned from or 

exchanged with any attorney representing Mr. Lee Greenhouse. For instance, we sought to 

understand why the POA was entered in the first place and what its intended purpose was. Those 

subjects do not implicate any legal advice from any attorney, past or present, and they are highly 

relevant to these bankruptcy proceedings. Indeed, the POA specifically authorized Mr. Lee 

Greenhouse to make decisions on Debtor’s behalf in this bankruptcy case and to take actions 

with respect to Debtor’s assets, among a wide variety of other things. There is no question that 

Polychain is entitled to discovery on those matters. 

We therefore demand that your client promptly produce all documents and 

communications in his possession, custody, and/or control concerning the February 3, 2021 

POA, along with the retention agreement that he executed with the Agentis law firm. If you 

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 44 of 65
June 4, 2021 

Page 4 

refuse to produce any of these documents on the grounds that they are privileged, please provide 

any authority you believe supports such an assertion of privilege and a detailed privilege log. 

D. Continuing of Mr. Lee Greenhouse’s Deposition

Finally, we adjourned Mr. Lee Greenhouse’s June 2 examination at 1:00 PM ET at your 

request and as an accommodation to your client’s schedule. Because of this early adjournment, 

we were able to question Mr. Lee Greenhouse for only 3 hours and 13 minutes, instead of the 7 

hours to which Polychain is entitled under the rules. As we explained prior to agreeing to this 

accommodation—and as we stated on the record during the deposition—we reserve all rights 

with respect to continuing Mr. Lee Greenhouse’s examination. 

In light of the above issues, we will continue the deposition on a mutually agreeable date, 

following the production of the additional documents described above. Please therefore produce 

all remaining documents by June 11, and please provide Mr. Lee Greenhouse’s availability for 

the week of July 5, following the holiday weekend. 

* * * 

Polychain reserves all rights and remedies, including seeking judicial resolution of these 

matters. We look forward to your prompt response. 

Sincerely, 

Pratik K. Ghosh 

y,

P tik K Gh h

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 45 of 65
 

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Case 21-12844-AJC Doc 283 Filed 10/21/21 Page 1 of 12

Exhibit 5

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 46 of 65
  

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Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 57 of 65 Case 21-12844-AJC Doc 283 Filed 10/21/21 Page 12 of 12
From: Pratik Ghosh

To: Richard A. Saldinger

Cc: Andrew Levine; James C. Moon

Subject: RE: In re: Harry B. Greenhouse (Bankr. S.D. Fla. Case No. 21-12844-AJC)

Date: Friday, December 10, 2021 5:38:00 PM

Attachments: H_Greenhouse-090906_image.pdf

H_Greenhouse-84280_image.pdf

Rich,

I write to follow up on our December 8, 2021 meet and confer regarding Polychain’s discovery

requests to your client. 

While we appreciate that your client wishes to avoid spending additional time and resources

responding to Polychain’s requests, he is in possession, custody, and control of documents and

information necessary to evaluate the Debtor’s proposed plan. We would like to avoid motion

practice, but given your client’s role—he manages several special purpose vehicles in which Debtor

has interests worth millions of dollars, communicates regularly with Debtor about those and other

investments, and had power of attorney over Debtor’s finances for a time—we cannot accept as

complete your client’s inadequate search and production of materials responsive to Polychain’s

October 21, 2021 Subpoena.

Below I memorialize there of the key issues we discussed:

First, you stated that you would consider producing unredacted versions of the Q3 2021

capital account statements for the Greenhouse USV Joint Ventures. As stated, we are

amenable to these being produced on an Attorneys Eyes Only basis under the Protective

Order governing this case. Please let us know as soon as possible if you will agree to produce

unredacted copies of these capital account statements.

Second, you asked that we provide exemplar communications from your client which were

produced by Debtor but not by your client. I have attached two such examples. As these

documents show, your client is in possession of responsive documents which he had an

independent obligation to produce. I expressed some concern that your document

production was based off a document search your client performed himself through a manual

e-mail search. Given the procedural deficiencies and the exemplar documents showing

responsive documents in your client’s possession, custody, or control, we reiterate our

request that you provide a search term proposal to sufficiently capture all documents and

communications responsive to Polychain’s subpoena.

Third, although I indicated that it may be possible for us to avoid reopening your client’s

deposition if a complete and sufficient document production is made, thus far that has not

occurred. During Mr. Lee Greenhouse’s deposition, we agreed to adjourn early as an

accommodation to you, but we held the deposition open given the outstanding discovery

issues. Please provide your client’s availability for the continued deposition for the weeks of

January 17 and January 24.

Exhibit 6

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 58 of 65
Best,

Pratik

Pratik K. Raj Ghosh

BRAUN HAGEY & BORDEN LLP

Direct: (415) 715-4302

From: Richard A. Saldinger <rsaldinger@llflegal.com> 

Sent: Thursday, December 2, 2021 10:15 AM

To: Pratik Ghosh <Ghosh@braunhagey.com>; James C. Moon <jmoon@melandbudwick.com>;

Andrew Levine <levine@braunhagey.com>

Subject: FW: In re: Harry B. Greenhouse (Bankr. S.D. Fla. Case No. 21-12844-AJC)

*** EXTERNAL MESSAGE ***

Re-sending because I sent it the first time to the wrong “Andrew.” My apologies.

Rich

Richard A. Saldinger / Partner

rsaldinger@llflegal.com

Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

This communication is intended only for the individual or entity to whom it is directed. It may contain information that is privileged, confidential or

otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying of the communication by anyone other than the intended

recipient, or a duly designated employee or agent of such recipient, is prohibited. If you have received this communication in error, please notify us

immediately by telephone or reply e-mail (hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

From: Richard A. Saldinger 

Sent: Thursday, December 2, 2021 8:47 AM

To: Pratik Ghosh <Ghosh@braunhagey.com>; 'Andrew D. Eichner (aeichner@bergerschatz.com)'

<aeichner@bergerschatz.com>; James C. Moon <jmoon@melandbudwick.com>

Subject: FW: In re: Harry B. Greenhouse (Bankr. S.D. Fla. Case No. 21-12844-AJC)

Counsel,

In response to the attached correspondence, let me know when you are free to participate in a

conference call.

I am generally available tomorrow afternoon between 1:30 and 5:00 CST.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 59 of 65
Thank you.

Regards,

Richard Saldinger

Richard A. Saldinger / Partner

rsaldinger@llflegal.com

Latimer LeVay Fyock LLC

55 W Monroe Street - Suite 1100 

Chicago IL, 60603 

http://www.llflegal.com

312.667.1359 (office - direct)

773.505.6566 (cell)

312.422.8001 (fax)

This communication is intended only for the individual or entity to whom it is directed. It may contain information that is privileged, confidential or

otherwise exempt from disclosure under applicable law. Dissemination, distribution or copying of the communication by anyone other than the intended

recipient, or a duly designated employee or agent of such recipient, is prohibited. If you have received this communication in error, please notify us

immediately by telephone or reply e-mail (hchesney@llflegal.com) and delete the message and all attachments thereto. Thank you.

From: Vy Le <le@braunhagey.com> 

Sent: Tuesday, November 23, 2021 10:55 PM

To: Richard A. Saldinger <rsaldinger@llflegal.com>

Cc: Pratik Ghosh <Ghosh@braunhagey.com>; Andrew Levine <levine@braunhagey.com>; Douglas

Curran <Curran@braunhagey.com>; James C. Moon <jmoon@melandbudwick.com>;

lleali@lealilaw.com; Steven.D.Schneiderman@usdoj.gov

Subject: In re: Harry B. Greenhouse (Bankr. S.D. Fla. Case No. 21-12844-AJC)

Counsel,

Attached, please find correspondence on behalf of Mr. Pratik K. Ghosh.

Best Regards,

Vy Le

Litigation Legal Assistant

B R A U N H A G E Y & B O R D E N L L P

Direct: (415) 504-1187

San Francisco (Main Office)

351 California Street, 10th Floor

San Francisco, CA 94104

Tel. & Fax: (415) 599-0210

New York

7 Times Square

27th Floor

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 60 of 65
New York, NY 10036-6524

Tel. & Fax: (646) 829-9403

This message is intended only for the confidential use of the intended recipient(s) and may contain protected information

that is subject to attorney-client, work product, joint defense and/or other legal privileges. If you are not the intended

recipient, please contact me immediately at the phone number listed above and permanently delete the original message and

any copies thereof from your email system. Thank you.

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 61 of 65
55 Alhambra Plaza ∙ Suite 800 ∙ Coral Gables, FL 33134 T. 305.722.2002 ∙ www.agentislaw.com

9128 Strada Place ∙ Suite 10115 ∙ Naples, FL 34108 T. 305.722.2002 ∙ www.agentislaw.com

March 26, 2021

VIA E-MAIL

Lee Greenhouse, individually, 

and in his capacity as attorney in

fact for Harry Greenhouse

E: lrgreenhouse@gmail.com

Re: Termination of Attorney Client Relationship with Lee Greenhouse

Dear Mr. Greenhouse:

On or around February 3, 2021, our Firm entered into that certain Engagement Agreement 

with both Harry B. Greenhouse (“Harry”) and you, Lee Greenhouse (“You”), in order to ensure 

that the attorney-client privilege extended to all communications that this Firm may have had with 

Harry, as Client, to You as Harry’s Attorney In Fact pursuant to that certain Power of Attorney 

executed by and between You and Harry on February 3, 2021. All parties to that Engagement 

Agreement acknowledged that the Firm had no separate and independent attorney-client 

relationship with You other than in Your capacity as Harry’s Attorney In Fact.

On March 26, 2021, Harry executed a Revocation of Power of Attorney, attached hereto,

revoking your appointment as his Attorney In Fact in light of his impending bankruptcy filing. 

Accordingly, please be advised that through this letter, the Firm is likewise terminating its 

attorney-client relationship and privileges with You. 

It was our pleasure to work with You.

Very truly yours,

Agentis PLLC

/s/ Robert P. Charbonneau

Robert P. Charbonneau

RPC/jb

Exhibit 7

Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 62 of 65
Case 21-12844-RAM Doc 308 Filed 01/31/22 Page 63 of 65
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