October 5, 2015 Jeffrey Epstein, President Southern Trust Company, Inc. 6100 Red Hook Quarter, B3 St. Thomas, USVI 00802 Re: Letter of Agreement Dear Jeffrey: You, on behalf of Southern Trust Company, Inc., a Virgin Islands corporation ("STC"), have been collaborating with Ariane de Rothschild ("Rothschild") on behalf of Edmond de Rothschild Holding, S.A. ("EDRH", and together with Rothschild, the "Rothschild Group") relating to outstanding matters between EDRH and the United States (the "EDRH Matters"). The purpose of this letter agreement (this "Agreement") is to set forth the terms upon which you, on behalf of STC, will continue to work with the Rothschild Group on the EDRH Matters. 1. The Work. STC shall continue to collaborate with the Rothschild Group on the EDRH Matters as further specified and agreed to between Jeffrey Epstein and Rothschild from time to time while this Agreement remains in effect (the "Work"). 2. Fees and Expenses. In consideration for the Work, the Rothschild Group shall pay STC $25,000,000. Payment shall be made by the Rothschild Group to STC by not later than 3 days after EDRH makes payment to the United States in connection with the EDRH Matters. The Rothschild Group shall also reimburse STC for all travel and other out-of-pocket expenses incurred by you, STC or your or STC's employees, representatives, agents, or advisors in connection with the performance of Work under this Agreement. 3. Confidentiality. You and STC agree that any and all confidential information or proprietary information identified as such by the Rothschild Group which you or STC obtain from the Rothschild Group in connection with the Work will be held in strictest confidence and will not be used by you or STC or disclosed to any person or entity, except for your or STC's own financial, tax, regulatory and accounting reasons, or except as you may deem necessary or appropriate in order to accomplish the Work. For purposes of this Agr