EFTA02426919.pdf

To: jeevacation©[email protected]] Cc: Fran: Sent: Fri 4/9/2010 10:28:21 PM Subject: Little Saint James Island Dear Jeffrey, Very nice talking to you, I forgot to talk to you about the way we would like to work for the Island project. I think that it is almost more important this minute than the townhouse, anyway I am joining to this note an outline of how we would like to work. What do you think, it seems the best way, no? Should I copy l and a our emails? All best, Robert Letter of Agreement This Letter is to act as a Design and Decoration Agreement between Mr. Jeffrey Epstein and Robert Couturier, Inc. concerning your residence on Little Saint James Island, USA The following is our proposal for the re-design of your residence on Little Saint James Island, USA: 4. Retainer - We charge a one-time fee of $50,000, which $20,000 which will be progressively credited against the future fees. The $50,000 will act as a retainer and would be due now. 4. Decoration fee - Our fee for all decoration work will be 35%, reduced to 30%, of the cost of all items approved by you. You will be billed the best negotiated price on an item by item basis including but not limited to upholstery, custom furniture, fabrics, floor coverings, decorative finishes, etc. Our fee for all antiques, artwork and antique rugs purchased on your behalf will be 15% of the cost of all items approved by you, including all purchases made at auction. 4- Architectural Consultation fee - If required, architectural consultation work will EFTA_R1_01495895 EFTA02426919  be invoice on an hourly basis. Staff time $200/hour: Robert Couturier $250/hour. 4. Reimbursable Expenses - You shall also be responsible for Robert Couturier, Inc.'s out-of-pocket expenses, including, but not limited to, the cost of shipping, plotting, blueprinting, samples, long distance telephone calls and faxes, messengers and travel. All reimbursable expenses will be billed out on a month-to-month basis plus 12%: documentation will be provided if requested. This agreement shall be governed by New York State law and any controversy or claim arising out of or relating to this agreement shall be resolved by arbitration in accordance with the commercial arbitration rules of the American Arbitration Association and judgment upon the award rendered by the Arbitrators may be entered in any court of competent jurisdiction. If this meets with your approval, kindly sign a copy of this proposal where indicated below and return it to us with the $50.000 retainer. With our best regards, Agreed to and accepted by, Robert Couturier, Inc. Mr. Jeffrey Epstein April 09, 2010 Date: The following is our banking information for wire transactions: Robert Couturier Inc., 69 Mercer Street, NY, NY 10012 Chase Bank, 2 Pennsylvania Plaza, NY, NY 10121 ■ IBAN: ABA: Swift Code: EFTA_R1_01495896 EFTA02426920