EFTA00076916

## OPERATING AGREEMENT OF LSJ EMPLOYEES, LLC A U.S. Virgin Islands Limited Liability Company

THIS OPERATING AGREEMENT (this “Agreement”) is made and entered into as of December ___, 2011 by Jeffrey E. Epstein (hereinafter referred to as “Sole Member”), with an address at 6100 Red Hook Quarter, Suite B-3, St. Thomas, USVI 00802 and who hereby forms LSJ EMPLOYEES, LLC, a U.S. Virgin Islands limited liability company (the “Company”) pursuant to the U.S. Virgin Islands Uniform Limited Liability Company Act (the “Act”) upon the following terms and conditions:

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EFTA00076917

IN WITNESS WHEREOF, the Sole Member makes and executes this Operating Agreement on the day and year first written above.



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EFTA00076918

## EXHIBIT A

MEMBER LISTING; CAPITAL CONTRIBUTIONS

<table border="1"><tr><td>Members</td><td>Capital Contributed</td><td>Membership Units</td><td>Percentage Interest</td></tr><tr><td>JEFFREY E. EPSTEIN</td><td>$1000.00</td><td>100</td><td>100%</td></tr></table>

ACCEPTED AND AGREED:

By: ___

JEFFREY E. EPSTEIN

October 27, 2011

DATE

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