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LIPPES MATHIAS LLP (the “Firm”) STATEMENT OF STANDARD TERMS OF ENGAGEMENT FOR LEGAL SERVICES (the “Statement”) 1. Understanding We are pleased that you have selected our Firm to represent you in connection with the legal services you require. Experience has shown that our relationship with you will be stronger if we initiate with a mutual understanding about our services, our charges, and their payment. Unless the engagement letter or retainer agreement relating to the particular matter for which we have been retained to represent you specifically alters these arrangements, the terms of this Statement will apply to our representation. These terms will also apply to all future matters in which we represent, advise, or counsel you, unless expressly changed in a subsequent engagement letter or retainer agreement. 2. Scope of Representation Our representation is limited to the person or entity named in the engagement letter or retainer agreement, even though in certain instances the payment of our fees may be the responsibility of others. The firm’s professional responsibilities are owed only to the person or entity that is the named client of the firm, and there is no attorney-client relationship between the firm and any related person or entity. Notwithstanding the foregoing, in certain instances, the engagement letter or retainer agreement for a particular matter may require, or, the law may require, a principal, shareholder, officer, member, partner, joint venturer, insurer, or other responsible person affiliated with or employed by any such entity to be responsible, or co- responsible, to pay the firm’s fees, expenses and disbursements. For example, in the event of the representation of a minor, a conservatee, an alleged incompetent person, or a judicially declared incompetent, the firm may require a parent, guardian, conservator, trustee, beneficiary, or other responsible person to be responsible to pay the firm’s fees, expenses and disbursements. You are engaging us to provide legal services, advice, or counsel in connection with the specific representation set forth in the engagement letter or retainer agreement. After completion of the representation, changes may occur in applicable laws, rules or regulations that could affect or impact your future rights and liabilities. We will have no obligation to represent, advise or counsel you with respect to the legal impact of such changes or their impact, unless we are specifically re-engaged by you for that purpose. Unless otherwise specified in the engagement letter, our representation does not include responsibility either for review of the client’s insurance policies to determine the possibility of coverage for any claims that have been or may be asserted against the client or for notification of client’s insurance carriers concerning the matter.