From: Paul Barrett 1MMII > To: Jeffrey Epstein <[email protected]> Subject: Fwd: Meeting Date: Mon, 08 May 2017 22:26:55 +0000 Hi Jeffrey Below is an outline of the proposal: Proposal: Investment Advisory Proposal between PSB (ESP Advisory LLC will be the entity name once I am able to set it up) and STC. This proposal shall form the basis of the 3 year agreement whereby JE will hire ESP Advisory to help oversee and manage money for JE and his various legal entities. • ESP Advisory LLC will be set up as a multifamily office and registered as an RIA with the SEC • Three-year guarantee in the form of the following: o Year 1 - $250,000 annual advisory fee paid from STC to ESP Advisory LLC. $125,000 due upfront and $125,000 due in 6 months. o Year 1 - $xxx 9 year loan maturing in 2026 at a rate of 2.03% with interest paid quarterly. Loan made from XYZ JE Entity to PSB (to be formed) LLC. Intention is to extend this loan for another 9 years upon maturityand again until JE's estate ultimately forgives the obligation. o Year 2 - $250,000 annual advisory fee paid from STC to ESP Advisory LLC. $125,000 due semi- annually paid in advance. o Year 2 - $xxx 9 year loan maturing in 2027 at a rate of AFR % with interest paid quarterly. Loan made from XYZ JE Entity to PSB (to be formed) LLC. Intention is to extend this loan for another 9 years upon maturity and again until JE's estate ultimately forgives the obligation. o Year 3 - $250,000 advisory fee paid from STC to ESP Advisory LLC. $125,000 due semi-annually paid in advance. o Year 3 - $xxx 9 year loan maturing in 2028 at a rate of AFR % with interest paid quarterly. Loan made from XYZ JE Entity to PSB (to be formed) LLC. Intention is to extend this loan for another 9 years upon maturity and again until JE's estate ultimately forgives the obligation. • ESP Advisory LLC to have Limited POA on relevant accounts. This will include trading authority, corporate actions, exercise of options, all IPO an