AMENDED AND RESTATED OPERATING AGREEMENT OF LSJE, LLC A U.S. Virgin Islands Limited Liability Company THIS AMENDED AND RESTATED OPERATING AGREEMENT (this "Agreement') is made and entered into as of March 13, 2013 by Jeffrey E Epstein (hereinafter referred to as "Sole Member"), with an address at 6100 Red Hook Quarter, B3, St. Thomas, USVI 00802, who formed LSJE, LLC, a United States Virgin Islands limited liability company (the "Company") pursuant to the United States Virgin Islands Uniform Limited Liability Company Act (the "Ace) and hereby amends and restates the Company's Operating to provide for the operation of the Company and the conduct of its affairs upon the following terms and conditions: SECTION I ORGANIZATION & FORMATION A. Formation. The Company was organized as a U.S. Virgin Islands limited liability company under and pursuant to the United States Virgin Islands Limited Liability Company Act (the "Act") by the filing of Articles of Organization ("Articles") with the Office of the Lieutenant Governor of the United States Virgin Islands on October 27, 2011, as required by the Act. A Certificate of Amendment to the Articles (the "Amendment") was filed with the Office of the Lieutenant Governor of the United States Virgin Islands on March 13, 2013 in order to change the name of the Company from "IX Employees, LLC" to "LSJE, LLC" B. Name. The name of the Company shall be "LSJE, LLC". The Company was formerly named "LSJ EMPLOYEES, LLC", but the Company's name was changed to "LSJE, LLC" by the filing of the Amendment with the Office of the Lieutenant Governor of the United States Virgin Islands. The Company upon proper notice and filing with the Office of the Lieutenant Governor of the United States Virgin Islands may conduct its business under one or more assumed names. C. Purposes. The purpose of the Company is to engage in any lawful activity, operate any lawful enterprise or to have any other lawful purpose permitted by the law