2020-801-E Co Attorney-Kennon Craver consulting services

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4011 university drive, suite 300, durham, nc 27707  post office box 51579, durham, nc 27717-1579 TELEPHONE 919 490 0500 FAX 919 490 0873  www.kennoncraver.com Engagement Memorandum To: John Roberts Orange County Attorney From: Brian M. Ferrell, Attorney, Kennon Craver, PLLC ______________________________________________________________________________ Thank you for considering retaining Kennon Craver, PLLC on behalf of Orange County, North Carolina to assist with the review of a performance agreement and lease related to a pending economic development opportunity. This memorandum summarizes the basis on which our firm will provide legal services to the County and how we will be paid for our services. I will be primarily responsible for the matter, and I may use other attorneys and legal assistants in the best exercise of my professional judgment. If, at any time, you have questions, concerns or criticisms, please contact me at once. We consider many factors in billing for services rendered, and I will review all statements before they are issued to ensure that the amount charged is appropriate. The principal factor is usually our schedule of hourly rates; most statements are simply the product of the hours worked multiplied by the hourly rates for the attorneys and legal assistants who did the work. Our schedule of hourly rates for attorneys and other members of the professional staff are based on years of experience, specialization in training and practice, and level of professional attainment. My hourly rate for 2020 is $315. However, I will perform services for the County at a discounted rate of $250 per hour for this engagement. We will manage this matter as cost efficiently as possible. To the extent that other paralegals and attorneys are involved, their rates vary from $125 to $400 an hour. We reserve the right to make adjustments to our rates for subsequent years. In addition, we will bill and require payment for out-of-pocket expenses such as photocopies, courier expenses, travel, filing fees, and the like. Any extraordinary expenses, such as third-party printing costs, will be billed directly to you. Our fees for this engagement will not exceed $2,000.00. Our billing statements are prepared and mailed during the month following the month in which services are rendered and costs advanced. Payment within 30 days of invoice is required. If there is a closing, we reserve the right to collect remaining fees and expenses owed at closing. We will both have the right to terminate our representation at any time. DocuSign Envelope ID: E50B0644-5FB9-43CB-B68D-384428A8A9D5