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• SANFORD HOLSHOUSER I.I.P <br />TERMS OF ENGAGEMENT <br />1. STATEMENTS <br />Statementswillbeprovidedmonthly. Statemeatswillincludeitemizeddescaiptiansofallworkperformedandexpeasesincurred <br />~ advanced during the billing period. The date an which the statement is forwarded to you will appeaz on the face of the statement. <br />All statements are due upon receipt. <br />2. FEES AND EXPENSES <br />Our statements in this matter will be based principally upon the following: <br />Our firm will be paid for its services on an hourly fee basis. The hourly fees which will be chazged for lawyers and paralegals <br />working on mattes for you aze: <br />Governor James E. Holshouser, Jr. $375.00 <br />Ernest C. Pearson $285.00 <br />Robert M. Jessup $285.00 <br />Laurence A. Cobb $275.00 <br />Samuel W. Whitt $225.00 <br />David J. Garrett $175.00 <br />Sanford Holshousa Business Dev. Group $170.00 <br />Paralegals ~ $75.00 <br />These rates will remain in effect at least through December 31, 2008. Our rates customarily are reviewed in December, and, <br />if appropriate, adjusted effective January 1. Should it become necessary to utilize the services of any other attorneys and paralegals, their <br />time will be billed at their hourly rates in effect when the services are performed. <br />Our statements will also itemize charges for photocopying, leg-distance telephone charges, travel expenses, automated legal <br />research, ward processing, overnight mail, court filing fees and process foes. If our representation involves litigation, you will also be <br />responsible for payment of the cost of depositions which will be billed directly to you. <br />3. ENGAGEMENT <br />You may terminate our services prospectively at any time upon written notice to Sanford Holshouser LLP. Likewise, the firm <br />reserves the right to withdraw from this representation upon written notice to you: <br />4. INQUIRIES <br />Any questions concaving the terms ofyour account or statements received should be directed either to the principal attorney <br />or to our Firm Billing Clerk, Jackie Mmes as follows: <br />Sanford Holshouser LLP <br />201 Shannon Oaks Circle, Suite 100 (27511) <br />Post Office Box 5646 <br />Cazy, North Carolina 27512 <br />(919) 755-1800; (919) 653-0435 (fax) <br />Attention: Accounting Administrator, Jackie Minas <br />5. TRUST ACCOUNT DISBURSEMENTS <br />No disbursements may be made from any of the firm's trust accounts until the corresponding deposit has cleazed the account. <br />To avoid delay deposits should be made by bank wire or official bank check. <br />• <br />98961.1 <br />