Philip R West 1330 Connecticut Avenue, NW Washington, DC 20036-1795 July I, 2014 VA EMAIL Jeffrey Epstein 9 East 71st Street New York, NY Dear Jeffrey: Steptoe STIPTOt • JOHNSON LLP This letter and the attached General Terms and Conditions of Engagement set forth the basis for the engagement of Steptoe & Johnson LLP ("Steptoe") by you to provide advice regarding the U.S. legal consequences of a possible Swiss bank restructuring. We look forward to working with you on this representation. The terms and conditions that govern this engagement and the services we will provide are described in detail on the attachment to this letter. You should review these materials and let me know immediately if you have any questions. After reviewing them, please countersign this letter and return a countersigned original to me by email. I want to draw your attention in particular to several important terms and conditions for our engagement. A number of these points are explained at greater length in the attachment, which is an integral part of this letter. However, we will consider this letter and the terms and conditions in effect from this date forward unless you specifically advise us to the contrary. First, this engagement establishes an attorney-client relationship solely with you and not with any other affiliated or associated entity, and not with any specific bank or any affiliated or associated entities of any specific bank. Second, the scope of our engagement is limited to the specific matter described above; while we would be pleased to discuss potential engagements on other matters, any new or extended engagement will require our mutual agreement in writing. EFTA00591241