November 3.2015 Mr. Darren K. I ndyke Vice President Southern Trust Company. Inc. 6100 Red Hook Quarter, B3 St. Thomas, USVI 00802 Re: Letter of Agreement Southern Trust Company, Inc., a Virgin Islands corporation ("STC"), has been working with Ariane de Rothschild ("AdR") on a variety of strategic business matters as well as family estate planning. The purpose of this letter agreement (this "Agreement") is to set forth the terms upon which STC will continue to work with MR. I. The Work. STC shall continue to work with MR as further specified and agreed to between STC and AdR from time to time while this Agreement remains in effect (the "Work"). 2. Fees and Expenses. In consideration for the Work, AdR shall pay STC $15,000,000. Payment shall be made by AdR to STC by not later than November 30, 2015. MR shall also reimburse STC for all reasonable out-of-pocket expenses. excluding travel expenses. incurred by STC or STC's officers, employees. representatives, agents, or advisors in connection with the performance of Work under this Agreement it being understood that such out-of-pocket expenses be capped at $100,000. 3. Confidentiality. STC agrees that any and all confidential information or proprietary information identified as such by AdR which STC obtains from AdR in connection with the Work will be held in strictest confidence and will not be used by STC or disclosed to any person or entity, except for financial, tax, regulatory and accounting reasons of STC and its affiliates, except for STC's officers and employees who require the same in order for STC to accomplish the Work, or except as STC 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 STC, its officers