The following is a statement of the billing policy of Osgood & Harris, LLC, "Attorneys" which shall be followed in relation to the legal services agreed to be performed by the firm on your behalf "Client":

1.    Billing shall occur upon a monthly basis. Payment is due within ten days after receipt of the bill.
2.    For legal services, Client shall pay Attorneys at the hourly rate for each attorney as set forth as follows, for time devoted by Attorneys to representation of Client, unless otherwise agreed in writing.
   • Russell K. Osgood - $250.00
   • Steven E. Harris - $250.00 / for litigation - $275.00
   • Scott R. Osgood - $250.00
      Hours are billed in increments of 0.10 of an hour with a minimum charge of 0.10 hours. Attorneys' time generally consists of office conferences, telephone conferences, making notes to file, file review, legal research, drafting and preparation of letters, contracts, pleadings and other documents. Litigation services also include some or all of the following: communication with witnesses, communication with you and opposing counsel, search for and assembly of relevant evidence including review of documentation and testimonial evidence either in the file or obtained through formal or informal discovery requests, depositions, preparation of pleadings relating to the case, participation in court ordered conferences and telephonic conferences with attorneys, and preparation for and attendance at court ordered hearings and trial. Actual time devoted to any particular matter will depend upon client demands, complexity of the matter, difficulties and delays encountered, the skill required to properly perform the legal service and any extraordinary circumstances that may be involved. Attendance by Attorneys at court, conferences, closings or meetings will be billed according to the total time spent by the Attorneys in attendance, including travel time.
3.    Client shall pay, as billed, all costs associated with the matter which is the subject of this Agreement. Costs may include such things as filing fees, express mail, long distance telephone charges, and if the matter involves litigation, court costs, deposition costs, fees due to investigators, process servers, and other fees charged by non-attorney individuals or entities which are necessarily incurred to properly represent Client. Client shall be fully responsible for costs incurred, regardless of whether or not these costs are advanced by Attorneys.
4.    Attorneys reserve the right to require Client to pay to the Attorneys a retainer in a reasonable amount as may be required by the Attorneys. Such amount shall be held in Attorneys' trust account and disbursed by the Attorneys as earned or as costs and expenses are incurred by Attorneys on Client's behalf. If a retainer is required, Attorneys may from time to time require Client to replenish the retainer as a condition for continued work by Attorneys for Client.
5.    Because Attorneys do not offer a revolving charge account, all costs and Attorneys' fees are due within ten days of receipt of the bill.
6.    If a lawsuit is commenced against client to collect the amount billed to Client, Client shall pay for the costs of such lawsuit including a reasonable attorneys' fee not in excess of 15 percent of the total new balance.
7.    Any matter handled on a contingent fee basis will require the client and the attorneys to enter into a separate written agreement, the form of which is governed in part by the Colorado Supreme Court.