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 working with Ariane de Rothschild ("Rothschild") on behalf of Edmond de Rothschild (Geneve) S.A. ("EDR") on a variety of strategic business matters relating to EDR (the "EDR 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 EDR on the EDR Matters. 1. The Work. STC shall continue to work with EDR on the EDR 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, EDR shall pay STC $25,000,000. Payment shall be made by EDR to STC by not later than November 15, 2015. EDR shall also reimburse STC for all reasonable out-of-pocket expenses, excluding travel 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 EDR which you or STC obtain from EDR 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 Agreement confidential information or proprietary information shall not include information that is now or hereafter comes into in the public domain or is now or hereafter known or available to the public generally, information known by you or STC