The Cullen Law Firm, PLLC

1101 30th Street, NW

Suite 300
Washington, D.C. 20007-3770
www.cullenlaw.com

Joseph A. Blacl, Telephone (202) 944-8600

Email: jab@cullenlaw.com Telecopier (202) 944-8611
Djrect Dial: (202) 298-4761
July 24, 2014

Laurence Schneider
1199 S. Federal Hwy., Suite 369
Boca Raton, FL 33432

Re: United States ex rel Schneider v. J.P. Morgan Chase Bank N.A .et. al.,
1:14-cv-01047 RMC (D. D.C.)

Dear Mr. Schneider:

We are very pleased that you have requested that The Cullen Law Firm, PLLC, represent
you in the above-referenced matter. You have filed a False Claims Act ("FCA") action against J.P.
Morgan Chase, N.A. ("Chase") alleging violations of the Consent Judgment entered into between
Chase and the Federal Government and various State Governments. Your action was filed
initially in the District of South Carolina and subsequently transferred to District Court for the
District of Columbia. As required by the FCA, your complaint was filed under seal to give the
Government an opportunity to investigate your allegations. After investigation the Government
declined to intervene in this action. Since the action was transferred to Washington, D.C., you
seek D.C. counsel to represent you in this action.

You seek our assistance to file an amended complaint that you believe will set out new
allegations that will cause the Federal Government to intervene in this action. We will also
respond to any motion to dismiss filed by Chase. If the Government does not intervene and the
Court grants a motion to dismiss, the parties to this agreement reserve the right to seek
renegotiation or termination of this agreement.

Under the False Claims Act, parties bringing actions to recover money obtained or
withheld from the Government by fraud or false claims and statements are entitled to receive 15 to
30 percent of the total amount the Government recovers.

For our services, you will pay a fee at eighty (80) percent of "Laffey Matrix" rates
(enclosed) plus costs and out-of-pocket expenses. You will also pay contingency of ten (10)
percent of the recovery you receive either through litigation or settlement of the False Claims Act
action. Under the FCA, attorneys' fees and costs are recoverable from the defendant in a
successful action. We will seek the recovery for you of fees, expenses and costs that you have
paid plus the discounted portion of our fees. You will be solely responsible for any costs that the
Court may order to be paid to the defendant.

Anticipated costs of the litigation include, but are not limited to, costs of investigation,
filing and service fees, travel expenses, expert and witness fees, court reporter and transcript
expenses, Federal Express, UPS or outside messenger services, and Westlaw or other online
research.

For this engagement, you will pay an initial retainer of$50,000.00. The Cullen Law Firm
will submit bills to you against this retainer on a monthly basis. When the retainer is exhausted,
you will replenish the retainer.

From our discussions thus far, this case presents many challenges. We have not had an
opportunity to completely review the documents and evidence on which your allegations are
based. Once we review those documents, we may determine that the case does not warrant the
continued expenditure of your funds or our efforts. Further, other information may come to light
during the course of the proceeding that diminishes the likelihood of your ultimate recovery. For
these reasons, we reserve the unconditional right to withdraw from this matter at any time, subject
to the relevant rules of professional conduct. If an election to withdraw is made, you will take all
steps necessary to free the undersigned from any obligation to perform further work, including the
execution of any documents necessary to complete our withdrawal, subject to the relevant rules of
professional conduct. Likewise, you also have the unconditional right to withdraw from this
matter and dismiss the case at any time.

All litigation is risky, and False Claims Act litigation is particularly risky. Even though
we believe that you have a meritorious case, issues may develop during the case that prevent any
recovery. Therefore, there is no guarantee of success in this action.

If the foregoing terms are acceptable to you, please sign and date the enclosed duplicate
originals of this letter in the space provided, and return the one of executed documents to us in the
enclosed envelope.

Very truly yours,

THE CULLEN LA~ FIRM PLLC

By: A-- Lr;( f ~ L--

~ BLACK

LAURENCE SCHNEIDER

By: =---
LAURENCE SCHNEIDER