SECOND AMENDMENT TO THE JEFFREY E. EPSTEIN 2001 TRUST ONE I am the Grantor of THE JEFFREY E. EPSTEIN 2001 TRUST ONE ("the trust"). Pursuant to Article FIFTEENTH of the trust, I have the power to amend the trust. I amended the trust on June 27, 2003. I hereby make this SECOND AMENDMENT to the trust as follows: FIRST I hereby delete Article FIRST, paragraph II, subparagraph (a) and substitute the following new subparagraph (a): "(a) Twenty Million Dollars ($20,000,000) shall be distributed to the Trustees of The Jeffrey E. Epstein 2001 Trust Two." SECOND I hereby delete Article FIRST, paragraph II, subparagraph (c) which provides a bequest to JEFFREY A. SCHANTZ or if he is not then living to his then living issue. 358394.1 GJ_000222 EFTA00082407