Extract to table

This memorandum is prepared for internal recordkeeping purposes and shall be maintained in the matter file and in the firm's central trust account records in accordance with firm policy and applicable rules of professional conduct

Application of Retainer Pursuant to the terms of the Engagement Letter dated December 5, 2022, the retainer shall be held in trust and applied against professional fees and disbursements as they are incurred and invoiced to the client

To the extent that professional fees and disbursements incurred in connection with the matter are less than the retainer amount, the unused balance shall be refunded to the client promptly upon the conclusion of the representation, in accordance with Rule 1

15(c)(4) of the New York Rules of Professional Conduct, the client shall be promptly notified upon each withdrawal of funds from the trust account

Such notification shall be provided in writing, typically in the form of the monthly invoice and accompanying trust account statement

The client shall also be notified in writing when the retainer balance falls below the replenishment threshold of $25,000