PROMISSORY NOTE July 1, 2013 FOR VALUE RECEIVED, the undersigned, TERJE ROED-LARSEN, (the "Maker"), hereby unconditionally promises to pay to the order of JEFFREY E. EPSTEIN, a resident of the United States Virgin Islands (the "Holder"), the principal amount of One Hundred Thirty Thousand Dollars ($130,000.00), together with interest on the unpaid principal balance at the rate of (0.23%) per annum, payable as hereinafter provided: The unpaid principal balance of this Note, and all accrued interest thereon, shall be due and payable on December 31, 2013. The unpaid principal balance of this Note and all accrued interest thereon may be prepaid, in full or in part, at any time or from time to time without premium or penalty. All payments of principal and interest hereunder shall be made in lawful money of US Dollars in immediately available funds at 6100 Red Hook Quarter, Suite 8-3, St. Thomas, USVI 00802 (or at such other place as the Holder may designate in writing to the Maker). 1. Events of Default. (a) If any of the following events shall occur during the term hereof, such events shall be deemed a default by the Maker hereunder (each an "Event of Default"): (i) The Maker shall have defaulted in the payment of principal or interest under this Note as and when the same shall have become due and payable in accordance with the terms hereof; (ii) The Maker shall fail to perform or comply with any other obligation under this Note, as and when any such obligation is required to be performed or complied with; or (iii) There shall have been entered any order, judgment or decree by a court of competent jurisdiction for relief in respect of the Maker under any applicable bankruptcy law or similar law, or appointing a receiver, assignee or trustee of all or a substantial part of the Maker's property, assets or revenues; or (iv) The filing by the Maker of a petition or consent to a petition seeking relief under any applicable bankruptcy, insolv