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4011 university drive, suite 300, durham, nc 27707  post office box 51579, durham, nc 27717-1579 <br /> TELEPHONE 919 490 0500 FAX 919 490 0873  www.kennoncraver.com <br /> <br />4904-9926-0544, v. 2 <br /> <br />Our schedule of hourly rates for attorneys and other members of the professional staff are based on <br />years of experience, specialization in training and practice, and level of professional attainment. My hourly <br />rate for 2025 is $395 and will be $415 for 2026. However, I will perform work on this matter at a discounted <br />hourly rate of $325 per hour. We will manage your matter as cost efficiently as possible. To the extent <br />that other paralegals and attorneys are involved, their normal rates vary from $155 to $475 an hour. <br />However, no attorney rates exceeding $325 will apply. In addition, we will bill and require payment for <br />out-of-pocket expenses such as photocopies, courier expenses, travel, application fees, filing fees, and the <br />like. Any expenses, such as third-party printing costs, recording fees, etc., will be billed directly to you. It <br />is difficult to estimate the total fees for the services outlined herein due to the nature of the work. I estimate <br />legal fees to complete the closing on the Property to be between $7,500-$17,500. Our fees will not exceed <br />$17,500 without an amendment to this memorandum. <br /> <br />Our billing statements are prepared and emailed to the address written above during the month <br />following the month in which services are rendered and costs advanced. Payment is due upon receipt of <br />invoice. If there is a closing, we reserve the right to collect remaining fees and expenses owed at closing. <br />We will both have the right to terminate our representation at any time. <br /> <br />The County’s obligation to pay our fees and costs incurred on your behalf is not contingent and is <br />not based on the consummation of any closing or the occurrence of any specific event or result. This means <br />our fees relating to the acquisition are payable whether or not the transaction is completed. <br /> <br />We have the right to destroy client files six years after the conclusion of representation, and we <br />may destroy them earlier with client consent. We will use the email address set forth above for our bills <br />and other communication with you until you provide us with alternate information in writing. Either of us <br />may terminate our attorney-client relationship at any time. <br /> <br />IV. Client Identification <br /> <br /> Our client in this matter is Orange County (the “County”). Use of the terms “you” and “yours” <br />herein refer to the County as an entity. <br /> <br />Please review the foregoing and, if it meets with your approval, attach it to the County’s Services <br />Agreement to form the basis of our engagement. We will not undertake any work on your behalf and no <br />attorney-client relationship will be formed unless we receive a copy of this memo executed by all relevant <br />parties. I look forward to working with you. <br />Docusign Envelope ID: 2FB408C2-A133-4231-B923-EB780761BDEB