Staffing Report — In re Kabbage, Inc. d/b/a KServicing, et al.

What This Document Is

The first staffing report of Phoenix Executive Services, LLC — the firm supplying Marc Sullivan as the Debtors' Chief Financial Officer — covering October 24 through December 2, 2022 and seeking $94,094.09 in fees (a flat $72,500 monthly rate, prorated across the period) plus $120.00 in mileage, attached as Exhibit A to the Notice of Staffing Report (Docket 379.0). Phoenix was retained December 2, 2022, effective as of October 24, 2022; objections were due January 10, 2023.
Factual Summary

Sullivan logged 212.5 hours across nine matter categories, the largest being General Management (51.0 hours), Communication Other Professionals (34.0), Communication Employees (28.5), and Communication Legal Counsel (25.0). The Exhibit 1 daily time detail places the interim CFO inside several threads already documented from the law-firm side: a November 17 call "with Jones Day to discuss request from the Congressional PPP Subcommittee"; a November 14 call "with Wyndham Brannon to discuss communicating with the IRS in regard to payroll taxes paid by Amex and uncashed checks" — an IRS/payroll-tax dimension of the American Express transaction not visible in the other November billing records; a November 1 review of a "KServicing White Paper - Enforceability of SBA PPP Guaranties"; and a cluster of Customers Bank (CUBI) reconciliation entries, including a November 15 entry (5.5 hours) reviewing "emails from CUBI, communication with KServicing team in regard to CUBI communication, planning to refute allegations," with repeated reconciliation calls with finance-team member Tamica Williams through mid-November. Board-communication entries name Lawrence Taylor (Independent Director), Robin Gregg (director), and Laquisha Milner (CEO). The dual-CFO structure is stated in Sullivan's own entries ("David Walker, the other CFO of KServicing").
Key Facts

Fee Period totals: $94,094.09 fees (flat $72,500/month prorated: $72,500.00 + $16,916.67 + $4,667.42), $120.00 expenses, 212.5 hours.
November 17, 2022: Sullivan-Jones Day call on the Congressional PPP Subcommittee request — the CFO-side counterpart to the Weil/AlixPartners congressional-diligence entries of November 1-8.
November 14, 2022: call regarding "communicating with the IRS in regard to payroll taxes paid by Amex and uncashed checks."
November 1, 2022: review of a "KServicing White Paper - Enforceability of SBA PPP Guaranties" — a named internal analysis of whether SBA's PPP guaranties are enforceable.
November 15, 2022: 5.5-hour CUBI entry including "planning to refute allegations" and Power of Attorney review.
Source Caveats

Time-entry narratives are the CFO's own billing shorthand; they establish that the referenced calls, reviews, and documents existed, not the content or conclusions of any of them (including the SBA-guaranty white paper, which is not itself in this docket entry).
Date: 2022-12-27
Full text

Exhibit A

Staffing Report

Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 1 of 21

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
------------------------------------------------------------ x

:

In re
:
Chapter 11

:

KABBAGE, INC. d/b/a KSERVICING, et al., :
Case No. 22-10951 (CTG)

:

Debtors.1
:
(Jointly Administered)

:

:
Objection Deadline: January 10, 2023 at 4:00 p.m. (ET)
------------------------------------------------------------ x

Staffing Report of Phoenix Executive Services, LLC for the Period of
October 24, 2022 through December 2, 2022

Name of Applicant:

Phoenix Executive Services, LLC (the
“Applicant”)
Authorized to Provide Professional Services to:

The above-captioned debtors and debtors in
possession (the “Debtors”)
Date of Retention:

December 2, 2022, effective as of October 24,
2022
Period for Which Compensation and
Reimbursement sought:

October 24, 2022 through December 2, 2022
(the “Fee Period”)
Amount of Compensation Sought as Actual,
Reasonable and Necessary:

$94,094.09
Amount of Expense Reimbursement Sought as
Actual, Reasonable, and Necessary:
$120.00
This staffing report (the “Staffing Report”) is filed pursuant to the Order
(I) Authorizing Debtors to Employ and Retain Phoenix Executive Services, LLC to Provide a
Chief Financial Officer and (II) Designating Marc Sullivan as Debtors’ Chief Financial Officer,
Effective as of October 24, 2022 [Docket No. 316] (the “Phoenix Executive Services Retention
Order”).  Under the Phoenix Executive Services Retention Order, the Debtors are authorized to

1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, as applicable are: Kabbage, Inc. d/b/a KServicing (3937); Kabbage Canada Holdings, LLC (N/A);
Kabbage Asset Securitization LLC (N/A); Kabbage Asset Funding 2017-A LLC (4803); Kabbage Asset Funding
2019-A LLC (8973); and Kabbage Diameter, LLC (N/A).  Kabbage is a trademark of American Express used
under license; Kabbage, Inc. d/b/a KServicing is not affiliated with American Express.  The Debtors’ mailing and
service address is 925B Peachtree Street NE, Suite 383, Atlanta, GA 30309.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 2 of 21

2

compensate the Applicant with a flat monthly fee in the amount of $72,500 plus reimbursement
of reasonable expenses pursuant to the terms of the Engagement Letter2 for the services of Mr.
Sullivan as the CFO.  Paragraphs 2(b) and 3 of the Phoenix Executive Services Retention Order
provide that the Debtors are authorized, but not directed, to pay, in the ordinary course of business,
all amounts invoiced by the Applicant for fees and expenses incurred in connection with the
Engagement.3  Accordingly, the Applicant requests: (a) to the extent not already paid, payment of
compensation in the amount of $94,094.09 for fees on account of reasonable and necessary
professional services rendered to the Debtors by the Applicant during the Fee Period as detailed
in the table below and (b) reimbursement of actual and necessary costs and expenses in the amount
of $120.00 incurred by the Applicant during the Fee Period.
Start Date
End Date
Number of
Days
Daily Fee
Total Fee
10/24/2022
11/23/2022
31
$2,338.71
$72,500.00
11/24/2022
11/30/2022
7
$2,416.67
$16,916.67
12/01/2022
12/02/2022
2
$2,338.71
$4,667.42
Total:
$94,094.09
Marc Sullivan, as CFO, devoted 212.50 hours during the Fee Period, as
summarized in the table below and further detailed in Exhibit 1.
Matter Description
Total Billed
Hours
Administration - Account Management
                   16.0

2  Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Motion of
Debtors for Entry of Order (I) Authorizing Debtors to Employ and Retain Phoenix Executive Services, LLC to
Provide a Chief Financial Officer and (II) Designating Marc Sullivan as Debtors’ Chief Financial Officer,
Effective as of October 24, 2022 [Docket No. 258].
3  Pursuant to the Phoenix Executive Services Retention Order, all amounts owing to the Applicant may be invoiced
and paid in the ordinary course of business; provided, that, parties in interest shall have 14 days to object to each
staffing report (the “Objection Period”).  Further, in the event that an objection is raised and not consensually
resolved, the portion of the staffing report to which an objection is raised shall be subject to review by the Court
and the Debtors shall deduct an amount equal to the objected to amount from the next payment(s) to the Applicant
until such objection is resolved, either consensually or by Court order.  Here, the Applicant holds a retainer in the
amount of $72,500 (the “Retainer”) and has applied the Retainer in partial satisfaction of the amounts sought in
this Staffing Report.  Given that this Staffing Report is the first and final staffing report, by agreement between
the Debtors and the Applicant, the Applicant has agreed not to be paid any amounts in excess of the Retainer until
the Objection Period expires.

Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 3 of 21

3

Administration - General Client Interface
                   12.0
Administration - Travel
                     8.0
Communication BOD
                   19.0
Communication Employees
                   28.5
Communication Legal Counsel
                   25.0
Communication Other Professionals
                   34.0
General Management (interim management only)
                   51.0
Information gathering, review, analysis
                   19.0
Totals
                 212.5

The total actual and necessary costs and expenses incurred by the Applicant
during the Fee Period for which it seeks reimbursement are:
Expense Category
 Amounts
Mileage
$120.00
Total
$120.00
WHEREFORE, pursuant to the Phoenix Executive Services Retention Order, the
Applicant requests: (a) payment of compensation in the amount of $94,094.09 for fees on
account of reasonable and necessary professional services rendered to the Debtors by the
Applicant during the Fee Period and (b) reimbursement of actual and necessary costs and
expenses in the amount of $120.00.
Dated:  December 27, 2022
Chadds Ford, Pennsylvania

/s/ Michael E. Jacoby

Michael E. Jacoby

Senior Managing Director

Phoenix Executive Services, LLC

Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 4 of 21

Exhibit 1
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 5 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 1 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Administration - Account Management
M Sullivan
10/25/2022
M Sullivan
Tues
Administration - Account Management
2.00
2.00
Reading and responding to email
messages from various KServicing team
members. Reading materials prior to
meetings or calls.
10/27/2022
M Sullivan
Thur
Administration - Account Management
1.50
1.50
Sending and responding to email
messages and preparing for calls
including the weekly board call.
11/1/2022
M Sullivan
Tues
Administration - Account Management
1.00
1.00
Reading and responding to email and
Slack messages
11/2/2022
M Sullivan
Wed
Administration - Account Management
1.00
1.00
Working with KServicing IT on technical
issues.
11/2/2022
M Sullivan
Wed
Administration - Account Management
1.00
1.00
Reading and responding to KServicing
email messages
11/3/2022
M Sullivan
Thur
Administration - Account Management
2.00
2.00
Preparing for calls and reading and
responding to email messages.
11/4/2022
M Sullivan
Fri
Administration - Account Management
2.00
2.00
Reading and responding to email and
Slack messages
11/4/2022
M Sullivan
Fri
Administration - Account Management
1.50
1.50
Investigating Restitution checks including
calls to different court districts to discuss
specific cases. Also includes time to
download judgement from pacer.gov.
11/11/2022
M Sullivan
Fri
Administration - Account Management
3.00
3.00
Review of changes to Phoenix agreement
and draft retention application
11/14/2022
M Sullivan
Mon
Administration - Account Management
1.00
1.00
Final review of retention application
and revised engagement agreement.
This includes time for a call with
Candace Arthur from Weil.
16.00
16.00
M Sullivan Total:
16.00
16.00
Administration - Account Management Total:
Administration - General Client Interface
M Sullivan
10/24/2022
M Sullivan
Mon
Administration - General Client Interface
7.00
7.00
Went to the office to meet with David
Walker, the current CFO of KServicing. We
did a call with Alix Partners then a call with
Weil and Alix Partners. We spent time
talking about the company. I also spent
time with IT support who set me up on the
company's IT systems.
10/31/2022
M Sullivan
Mon
Administration - General Client Interface
4.00
4.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 6 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 2 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Administration - General Client Interface
Working from the office going over
company documents, sending and
responding to email messages to
Kservicing employees, and speaking with
David Walker, the other CFO of KServicing.
11/2/2022
M Sullivan
Wed
Administration - General Client Interface
1.00
1.00
KServicing leadership team call
12.00
12.00
M Sullivan Total:
12.00
12.00
Administration - General Client Interface Total:
Administration -  Travel
M Sullivan
10/24/2022
M Sullivan
Mon
Administration - Travel
1.00
1.00
10/25/2022
M Sullivan
Tues
Driving to and from KServicing's offices
Administration - Travel
1.00
1.00
10/27/2022
M Sullivan
Thur
Driving to and from the KServicing offices
Administration - Travel
1.00
1.00
10/31/2022
M Sullivan
Mon
Driving to and from the Kabbage offices
Administration - Travel
1.00
1.00
11/7/2022
M Sullivan
Mon
Driving to and from KServicing's offices
Administration - Travel
1.00
1.00
11/21/2022
M Sullivan
Mon
Driving to and from KServicing's offices
Administration - Travel
1.00
1.00
11/22/2022
M Sullivan
Tues
RT travel to client
Administration - Travel
1.00
1.00
11/30/2022
M Sullivan
Wed
RT travel to client
Administration - Travel
1.00
1.00
Driving to and from Kabbage, Inc.
offices
8.00
8.00
M Sullivan Total:
8.00
8.00
        Administration - Travel Total:
Communication BOD
M Sullivan
10/24/2022
M Sullivan
Mon
Communication BOD
0.50
0.50
Call with Lawrence Taylor to discuss the
first day at KServicing
10/25/2022
M Sullivan
Tues
Communication BOD
2.00
2.00
Meeting with Laquisha Milner, CEO of
KServicing, and David Walker, CFO of
KServicing
10/25/2022
M Sullivan
Tues
Communication BOD
2.50
2.50
First meeting with Laquisha Milner, CEO of
KServicing
10/27/2022
M Sullivan
Thur
Communication BOD
0.50
0.50
Catch up call with Laquisha Milner, CEO
of KServicing
10/27/2022
M Sullivan
Thur
Communication BOD
1.00
1.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 7 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 3 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication BOD
Call with Lawrence Taylor, Independent
Director on the board of KServicing
10/27/2022
M Sullivan
Thur
Communication BOD
1.00
1.00
Weekly Board Call
10/31/2022
M Sullivan
Mon
Communication BOD
1.00
1.00
Call with Lawrence Taylor, Independent
Director at KServicing
11/7/2022
M Sullivan
Mon
Communication BOD
1.00
1.00
Lunch with Robin Gregg, director at
KServicing
11/8/2022
M Sullivan
Tues
Communication BOD
2.00
2.00
Lunch with Laquisha Milner, CEO of
KServicing
11/10/2022
M Sullivan
Thur
Communication BOD
1.00
1.00
Weekly board call
11/10/2022
M Sullivan
Thur
Communication BOD
0.50
0.50
Meeting with the board and its legal
counsel
11/16/2022
M Sullivan
Wed
Communication BOD
0.50
0.50
Call with Lawrence Taylor, member of
11/16/2022
M Sullivan
Wed
the board of KServicing
Communication BOD
0.50
0.50
Check in call with Laquisha Milner, CEO
11/17/2022
M Sullivan
Thur
and director of KServicing
Communication BOD
1.00
1.00
11/17/2022
M Sullivan
Thur
KService board call
Communication BOD
0.50
0.50
Calls with Lawrence Taylor, member of
11/22/2022
M Sullivan
Tues
the board
Communication BOD
0.50
0.50
Call with Lawrence Taylor, Member of
11/22/2022
M Sullivan
Tues
the board of KServicing
Communication BOD
0.50
0.50
Call with Laquisha Milner, CEO of
12/1/2022
M Sullivan
Thur
KService
Communication BOD
0.50
0.50
12/1/2022
M Sullivan
Thur
Board check in with Weil
Communication BOD
0.50
0.50
12/1/2022
M Sullivan
Thur
Leadership and board check in call
Communication BOD
0.50
0.50
Board Check in with David Kurzweil from
12/1/2022
M Sullivan
Thur
Greenberg Traurig
Communication BOD
1.00
1.00
Call with Laquisha to discuss CFO
transition planning
19.00
19.00
19.00
19.00
M Sullivan Total:
Communication BOD Total:
Communication Employees
M Sullivan
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 8 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 4 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Employees
10/25/2022
M Sullivan
Tues
Communication Employees
0.50
0.50
First meeting with Tamica Williams,
Controller for KServicing
10/25/2022
M Sullivan
Tues
Communication Employees
0.50
0.50
Meeting with Donna Evans, Chief
Operating Officer of KServicing
10/26/2022
M Sullivan
Wed
Communication Employees
0.50
0.50
Call with David Walker, current CFO of
KServicing
10/26/2022
M Sullivan
Wed
Communication Employees
1.00
1.00
Call with Shirley Holmes, David Walker,
and Tamica Williams to discuss the
booking file
10/26/2022
M Sullivan
Wed
Communication Employees
1.00
1.00
Call with Tamica Williams to discuss the G
Drive and  Blackline
10/26/2022
M Sullivan
Wed
Communication Employees
0.50
0.50
Call with David Walker to discuss Alix
Partners pre-scheduled calls
10/28/2022
M Sullivan
Fri
Communication Employees
0.50
0.50
Call with Jason Dods to discuss loan
calculations and to understand our
projections for loan repayment.
10/28/2022
M Sullivan
Fri
Communication Employees
1.00
1.00
Call with Tamica Williams and Indra
Naraina. Tamica is the Controller and
Nariana is the Assistant Controller. We
discussed deferred revenue.
11/3/2022
M Sullivan
Thur
Communication Employees
0.50
0.50
Call with David Walker, current CFO of
KServicing
11/3/2022
M Sullivan
Thur
Communication Employees
1.00
1.00
Call with Laquisha Milner, Sal Kafiti, and
Holly Loiseau to discuss professional fees in
anticipation of our call with Professionals
on Friday
11/4/2022
M Sullivan
Fri
Communication Employees
0.50
0.50
Call with the finance team to discuss CUBI
items
11/7/2022
M Sullivan
Mon
Communication Employees
0.50
0.50
Call to discuss the work to reconcile
KServicing's books
11/8/2022
M Sullivan
Tues
Communication Employees
1.50
1.50
Two calls with David Walker and Tamica
Williams to discuss the month end closing
especially accounting for the settlement
11/9/2022
M Sullivan
Wed
Communication Employees
2.50
2.50
Dinner at STK with the KServicing
management team
11/9/2022
M Sullivan
Wed
Communication Employees
1.50
1.50
Senior management team meeting with
the internal legal team
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 9 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 5 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Employees
11/10/2022
M Sullivan
Thur
Communication Employees
0.50
0.50
Reconciliation discussion with Tamica
Williams
11/10/2022
M Sullivan
Thur
Communication Employees
1.00
1.00
Call with Tamica Williams to discuss CUBI
items
11/11/2022
M Sullivan
Fri
Communication Employees
0.50
0.50
Call with Tamica Williams to discuss the
update on the reconciliation
11/14/2022
M Sullivan
Mon
Communication Employees
0.50
0.50
11/14/2022
M Sullivan
Mon
Call to review work to reconcile
receivable
Communication Employees
0.50
0.50
Cancelled loan population call.
This helps to verify the
receivable number.
11/15/2022
M Sullivan
Tues
Communication Employees
1.00
1.00
KS-MFC Project Check In and call to
11/15/2022
M Sullivan
Tues
discuss communication with CUBI
Communication Employees
0.50
0.50
PPP Payments and check process call.
11/17/2022
M Sullivan
Thur
This was an internal KServicing call
Communication Employees
0.50
0.50
Call with Tim Keefe and Tamica
Williams. We discussed the
reconciliation between the remit file
and Core Credit.
11/17/2022
M Sullivan
Thur
Communication Employees
0.50
0.50
Call to discuss payments to the Fed
after GP and subsequent payment by
the borrower
11/17/2022
M Sullivan
Thur
Communication Employees
1.00
1.00
11/18/2022
M Sullivan
Fri
Walk through receivable
calculations with Tamica Williams
Communication Employees
1.50
1.50
Call with Tamica Williams to discuss the
reconciliation between the Raw File
and Core Credit.
11/18/2022
M Sullivan
Fri
Communication Employees
0.50
0.50
11/21/2022
M Sullivan
Mon
Daily ACH debit analysis call
Communication Employees
0.50
0.50
Call with Tamica Williams, Controller at
KService
11/21/2022
M Sullivan
Mon
Communication Employees
0.50
0.50
Check in call with Donna Evans
11/21/2022
M Sullivan
Mon
Communication Employees
0.50
0.50
Call with Tamica Williams to discuss
11/21/2022
M Sullivan
Mon
Reported Remittances
Communication Employees
1.00
1.00
Call to discuss restitution check
accounting
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 10 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 6 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Employees
11/21/2022
M Sullivan
Mon
Communication Employees
0.50
0.50
2nd call with Tamica Williams, Controller
11/22/2022
M Sullivan
Tues
at KService, to prepare for call with Weil
Communication Employees
0.50
0.50
11/22/2022
M Sullivan
Tues
Call with Tamica Williams
Communication Employees
0.50
0.50
11/22/2022
M Sullivan
Tues
Sage Intact Contract Renewal
Communication Employees
0.50
0.50
11/28/2022
M Sullivan
Mon
Remit to bank tie out
Communication Employees
1.00
1.00
Call with Tamica Williams to discuss
11/29/2022
M Sullivan
Tues
Contract Rejection Analysis
Communication Employees
0.50
0.50
12/1/2022
M Sullivan
Thur
Call with Joe Mullaney
Communication Employees
0.50
0.50
KServicing Leadership Check in call
28.50
28.50
M Sullivan Total:
28.50
28.50
Communication Employees Total:
Communication Legal Counsel
M Sullivan
10/25/2022
M Sullivan
Tues
Communication Legal Counsel
1.00
1.00
Call with internal legal team to discuss
professional fees
10/27/2022
M Sullivan
Thur
Communication Legal Counsel
1.00
1.00
Call with Holly Loiseau and Sal Kafiti to
discuss pre-petition and projected
professional fees
10/27/2022
M Sullivan
Thur
Communication Legal Counsel
0.50
0.50
Correspondence with Candace Arthur,
Partner at Weil, in regard to my
engagement as CFO
10/28/2022
M Sullivan
Fri
Communication Legal Counsel
0.50
0.50
Call with Candace Arthur from Weil. We
discussed my engagement agreement
and the realization that we would have to
present it to the court.
10/31/2022
M Sullivan
Mon
Communication Legal Counsel
0.50
0.50
Update call with Weil
11/2/2022
M Sullivan
Wed
Communication Legal Counsel
0.50
0.50
Reviewing past bill for Greenberg Traurig,
corresponding with Laquisha Milner and
Holly Loiseau in regard to the most recent
bill, and call with David Kurzweil in regard
to the bill.
11/4/2022
M Sullivan
Fri
Communication Legal Counsel
0.50
0.50
Call to discuss Settlement especially as it
relates to CRB's likely objection to the
settlement and request to delay the
hearing
11/4/2022
M Sullivan
Fri
Communication Legal Counsel
0.50
0.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 11 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 7 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Legal Counsel
Call with David Kurzweil to discuss his fees
11/7/2022
M Sullivan
Mon
Communication Legal Counsel
2.00
2.00
Omnibus hearing
11/8/2022
M Sullivan
Tues
Communication Legal Counsel
1.50
1.50
341meeting prep call
11/10/2022
M Sullivan
Thur
Communication Legal Counsel
2.00
2.00
341meeting
11/10/2022
M Sullivan
Thur
Communication Legal Counsel
1.00
1.00
Call with Alix Partners and Weil Gotschal
(Trinity Standing Check In)
11/14/2022
M Sullivan
Mon
Communication Legal Counsel
0.50
0.50
Trinity check in call with Weil and Alix
Partners. The call was longer than 30
minutes but I left for the receivable
review call.
11/15/2022
M Sullivan
Tues
Communication Legal Counsel
1.00
1.00
Working on documents required to be
appointed by the court including
retention motion, proposed order, and
declaration
11/16/2022
M Sullivan
Wed
Communication Legal Counsel
2.00
2.00
Rereading the engagement
agreement, retention motion,
declaration, and order, communicating
internally at Phoenix in regard to the
contents of the motion, declaration, and
order
11/16/2022
M Sullivan
Wed
Communication Legal Counsel
1.50
1.50
11/17/2022
M Sullivan
Thur
Call with Weil to discuss the
receivable
Communication Legal Counsel
0.50
0.50
Call with Jones Day to discuss request
from the Congressional PPP
Subcommittee
11/17/2022
M Sullivan
Thur
Communication Legal Counsel
1.00
1.00
Call with Weil to discuss the receivable
and to prepare for the 5 pm board call
11/17/2022
M Sullivan
Thur
Communication Legal Counsel
0.50
0.50
Call with David Kurzweil, legal counsel
11/21/2022
M Sullivan
Mon
to the board of directors
Communication Legal Counsel
1.50
1.50
Call with Weil to discuss the
receivable
11/25/2022
M Sullivan
Fri
Communication Legal Counsel
1.50
1.50
Corresponding with Weil in regard to the
court filing in regard to the receivable
11/28/2022
M Sullivan
Mon
Communication Legal Counsel
0.50
0.50
11/29/2022
M Sullivan
Tues
First weekly update call with Weil
Communication Legal Counsel
0.50
0.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 12 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 8 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Legal Counsel
11/30/2022
M Sullivan
Wed
Call to discuss approach to
October remittance
Communication Legal Counsel
1.50
1.50
12/1/2022
M Sullivan
Thur
Call with Weil to discuss legal strategy
related to the settlement
Communication Legal Counsel
1.00
1.00
Trinity Standing Check In - Call with Weil,
Alix, and management
25.00
25.00
M Sullivan Total:
25.00
25.00
Communication Legal Counsel Total:
Communication Other Professionals
M Sullivan
10/25/2022
M Sullivan
Tues
Communication Other Professionals
0.50
0.50
Call with Alix Partners to discuss the
Settlement
10/26/2022
M Sullivan
Wed
Communication Other Professionals
1.00
1.00
Call with Alix Partners, Tamica Williams,
and David Walker to discuss the financials
for the international divisions that are now
dormant.
10/26/2022
M Sullivan
Wed
Communication Other Professionals
0.50
0.50
Call with Alix Partners, David Walker, and
Tamica William. We discussed items that
KService's finance team is trying to resolve
and preparation for the 341meeting.
10/27/2022
M Sullivan
Thur
Communication Other Professionals
0.50
0.50
Call with Deborah Reiger-Pagaris from Alix
Partners
10/31/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Call with David Walker, Natasha
Hwangpo, Brent Chase to discuss money
that may be owed to CRB
10/31/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Status update call with Alix Partners
10/31/2022
M Sullivan
Mon
Communication Other Professionals
1.00
1.00
Meeting with David Walker to discuss CFO
responsibilities. David and I are both
serving as CFO currently.
11/1/2022
M Sullivan
Tues
Communication Other Professionals
0.50
0.50
Call with Jim Nelson and John
Katsegeorgis from Alix Partners. We
discussed the cash summary that John
sends every week.
11/2/2022
M Sullivan
Wed
Communication Other Professionals
1.00
1.00
Lunch with 2 people from Alix Partners
who are working on KServicing: Deb
Reiger-Pagaris and Jim Nelson
11/3/2022
M Sullivan
Thur
Communication Other Professionals
0.50
0.50
11/3/2022
M Sullivan
Thur
Weil weekly update call
Communication Other Professionals
0.50
0.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 13 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 9 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Other Professionals
Call to discuss Bucketing Principal and
Interest. The call is in reference to Fed
reporting pursuant to the Cash Collateral
Order.
11/4/2022
M Sullivan
Fri
Communication Other Professionals
1.00
1.00
Call to discuss Professional Fees. The call
was with Holly Loiseau, Sal Kafiti, Laquisha
Milner, Alix Partners, and Weil.
11/7/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Call with Alix Partners and David Walker to
discuss 341meeting
11/7/2022
M Sullivan
Mon
Communication Other Professionals
1.00
1.00
Call with David Walker to discuss the CFO
role
11/7/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Monday morning call between the
finance team and Alix Partners
11/9/2022
M Sullivan
Wed
Communication Other Professionals
1.50
1.50
Meetings with Alix Partners to discuss
priorities for the day and to plan for the
monthly operating report
11/11/2022
M Sullivan
Fri
Communication Other Professionals
1.00
1.00
Second call with Alix Partners to discuss
MOR and work on reconciliation
11/11/2022
M Sullivan
Fri
Communication Other Professionals
1.00
1.00
First call with Alix Partners and Tamica
Williams
11/14/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Call with Alix Partners to discuss
11/14/2022
M Sullivan
Mon
liquidation analysis
Communication Other Professionals
0.50
0.50
Call with Wyndham Brannon to discuss
communicating with the IRS in regard to
payroll taxes paid by Amex and
uncashed checks.
11/14/2022
M Sullivan
Mon
Communication Other Professionals
0.50
0.50
Call with Alix Partners and Tamica
11/14/2022
M Sullivan
Mon
Williams to discuss the CRB remits
Communication Other Professionals
1.50
1.50
Calls with Alix Partners at 10 am and 2
11/15/2022
M Sullivan
Tues
pm
Communication Other Professionals
1.00
1.00
Call with Alix Partners to discuss the cost
11/15/2022
M Sullivan
Tues
per loan analysis
Communication Other Professionals
0.50
0.50
Cash collateral order reporting call with
11/15/2022
M Sullivan
Tues
Alix Partners
Communication Other Professionals
0.50
0.50
11/16/2022
M Sullivan
Wed
Call with Synovus to discuss the UDA
Communication Other Professionals
1.00
1.00
11/16/2022
M Sullivan
Wed
Daily prep call with Alix Partners
Communication Other Professionals
0.50
0.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 14 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 10 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Other Professionals
11/16/2022
M Sullivan
Wed
Call to review trial balance and support
for receivable
Communication Other Professionals
0.50
0.50
CRB remit question call with Tamica
11/16/2022
M Sullivan
Wed
Williams
Communication Other Professionals
1.00
1.00
11/17/2022
M Sullivan
Thur
Disclosure statement call with Weil
Communication Other Professionals
1.00
1.00
11/18/2022
M Sullivan
Fri
Alix Partners daily prep call. Discussed
the MOR and receivable
Communication Other Professionals
0.50
0.50
Synovus introduction call. 2 people from
Synovus and David Walker were on the
call.
11/18/2022
M Sullivan
Fri
Communication Other Professionals
1.00
1.00
Call with Jason Dods and Tim Keefe
from Morgan Franklin and Donna Evans
and Tamica Williams to discuss the
reconciliation between the Raw File
and Core Credit.
11/18/2022
M Sullivan
Fri
Communication Other Professionals
0.50
0.50
Reconciliation follow up call with Tim
11/21/2022
M Sullivan
Mon
Keefe, Jason Dods, and Tamica Williams
Communication Other Professionals
1.00
1.00
Check in calls with Alix Partners
11/22/2022
M Sullivan
Tues
Communication Other Professionals
0.50
0.50
Call with Alix Partners and Tamica
11/22/2022
M Sullivan
Tues
Williams
Communication Other Professionals
1.00
1.00
11/23/2022
M Sullivan
Wed
KS MFC Project Check In
Communication Other Professionals
0.50
0.50
11/28/2022
M Sullivan
Mon
Daily update call with Alix Partners
Communication Other Professionals
0.50
0.50
Post GP Forgiveness call with Tim Keefe,
11/28/2022
M Sullivan
Mon
Jason Dods, and KS finance team
Communication Other Professionals
0.50
0.50
11/28/2022
M Sullivan
Mon
2nd call with Alix Partners
Communication Other Professionals
0.50
0.50
11/29/2022
M Sullivan
Tues
Daily update call with Alix Partners
Communication Other Professionals
1.00
1.00
Daily prep call with Alix. We discussed
11/29/2022
M Sullivan
Tues
contract rejection analysis.
Communication Other Professionals
0.50
0.50
11/29/2022
M Sullivan
Tues
Call to discuss Fed loan data request
Communication Other Professionals
1.00
1.00
Call with Tamica Williams, Alix Partners,
and Windham Brannon to discuss tax
issues including expired checks
11/29/2022
M Sullivan
Tues
Communication Other Professionals
0.50
0.50
Call with Alix to discuss Fed 1502 report
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 15 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 11 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Communication Other Professionals
11/30/2022
M Sullivan
Wed
Communication Other Professionals
0.50
0.50
11/30/2022
M Sullivan
Wed
Standing 2pm call with Alix Partners
Communication Other Professionals
0.50
0.50
12/1/2022
M Sullivan
Thur
Mid week Alix update call
Communication Other Professionals
0.50
0.50
Call with Morgan Franklin to discuss
12/2/2022
M Sullivan
Fri
Reconciliation Retrospective
Communication Other Professionals
0.50
0.50
Daily update call with Alix Partners
34.00
34.00
M Sullivan Total:
34.00
34.00
Communication Other Professionals Total:
General Management (interim management only)
M Sullivan
11/7/2022
M Sullivan
Mon
General Management (interim
management only)
2.50
2.50
Sending and responding to email
messages. setting up meetings, etc.
11/7/2022
M Sullivan
Mon
General Management (interim
management only)
0.50
0.50
Call with Laurie Reiley at the Department
of Justice to discuss the Keith and Christina
McConnell case
11/8/2022
M Sullivan
Tues
General Management (interim
management only)
4.50
4.50
In the company's offices working meeting
with Laquisha Milner, Sal Kafiti, and Holly
Loiseau; working on the professional fee
summary, and working on other matters.
11/9/2022
M Sullivan
Wed
General Management (interim
management only)
3.00
3.00
Meetings to discuss receivable
11/9/2022
M Sullivan
Wed
General Management (interim
management only)
3.50
3.50
Meetings with management to discuss
various issues (excluding the
receivable), working on the professional
fees file, etc.
11/10/2022
M Sullivan
Thur
General Management (interim
management only)
2.00
2.00
Dinner and drinks with one board member
and senior management
11/10/2022
M Sullivan
Thur
General Management (interim
management only)
2.00
2.00
Reading and responding to email
messages and short unscheduled meeting
with management in the office
11/14/2022
M Sullivan
Mon
General Management (interim
management only)
4.00
4.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 16 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 12 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
General Management (interim management only)
Reading and responding to email and
Slack messages. Reviewing company
data in regard to reporting to the
Federal Reserve, cash collateral order,
the receivable, etc.
11/15/2022
M Sullivan
Tues
General Management (interim
management only)
5.50
5.50
Review of emails from CUBI,
communication with KServicing team in
regard to CUBI communication,
planning to refute allegations, review of
Power of Attorney, gathering
information in regard to tax matters,
reviewing cost per loan information,
reviewing KERP declaration, motion,
and order, etc.
11/16/2022
M Sullivan
Wed
General Management (interim
management only)
2.00
2.00
Reading, analyzing, and responding to
email messages in regard to the cash
collateral order and budgeted
expenses, the trial balances, chapter 7
analysis, MOR, among other things.
11/17/2022
M Sullivan
Thur
General Management (interim
management only)
3.50
3.50
Reading and responding to email
message and reviewing data. Reviewing
receivable calculations, professional
fees, signing and making a PDF of the
POA, reviewing AP file and
understanding process to pay AP,
following up on Synovus checking
account authorizations, in addition to
other activities.
11/21/2022
M Sullivan
Mon
General Management (interim
management only)
5.00
5.00
In the office reading and responding to
email messages, working with Tamica
Williams on the receivable, sending
email messages in regard to
professional fees and aggregating
information, doing initial work on the
accounting for restitution checks, in
addition to other activities.
11/22/2022
M Sullivan
Tues
General Management (interim
management only)
4.00
4.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 17 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 13 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
General Management (interim management only)
Reading and responding to email
messages in regard to the Synovus bank
accounts, moving money between
accounts, working on the receivable,
reviewing liquidation analysis and
thinking about assumptions, in addition
to other activities
11/28/2022
M Sullivan
Mon
General Management (interim
management only)
1.50
1.50
Sending and responding to email
11/29/2022
M Sullivan
Tues
messages in regard to the case.
General Management (interim
management only)
0.50
0.50
Hearing to discuss breach of
contract
11/30/2022
M Sullivan
Wed
General Management (interim
management only)
1.00
1.00
12/1/2022
M Sullivan
Thur
Working on email to explain the
October payment
General Management (interim
management only)
3.00
3.00
Working on the CFO Transition plan
12/2/2022
M Sullivan
Fri
General Management (interim
management only)
3.00
3.00
Finalizing the CFO Transition plan and
sending it to Laquisha Milner
51.00
51.00
M Sullivan Total:
51.00
51.00
General Management (interim management only) Total:
Information gathering, review, analysis
M Sullivan
10/26/2022
M Sullivan
Wed
Information gathering, review, analysis
0.50
0.50
Review of the declaration of Deborah
Reiger-Paganis
10/27/2022
M Sullivan
Thur
Information gathering, review, analysis
0.50
0.50
Review of Weil and Alix Partners board
discussions materials
10/27/2022
M Sullivan
Thur
Information gathering, review, analysis
0.50
0.50
Review of the Settlement and
Release Agreement
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
1.00
1.00
Review of Kabbage India and UK
September 2022 and December 2021
financial statements. Includes time to
speak with David Walker about the
exchange rate change and the
translation adjustment.
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Reading the Settlement and Release
agreement
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 18 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 14 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Information gathering, review, analysis
Review of cash balance and activity
report
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Review of Synovus Treasury Management
enrollment forms including the email that
explains the need for the forms
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Review of document outlining KServicing
provisioning procedures
10/28/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Setting up Sage Intacct
11/1/2022
M Sullivan
Tues
Information gathering, review, analysis
1.00
1.00
Review of Joint Chapter 11Plan of
Kabbage, Inc.
11/1/2022
M Sullivan
Tues
Information gathering, review, analysis
1.00
1.00
Review of KServicing White Paper -
Enforceability of SBA PPP Guaranties
11/3/2022
M Sullivan
Thur
Information gathering, review, analysis
0.50
0.50
Initial review of the cash collateral order
11/4/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Review of the CRB objection to the
settlement agreement
11/4/2022
M Sullivan
Fri
Information gathering, review, analysis
0.50
0.50
Review of declaration of Laquisha Milner,
CEO of KServicing, in regard to CRB's
objection to the settlement agreement
11/14/2022
M Sullivan
Mon
Information gathering, review, analysis
0.50
0.50
Working on the weekly professional fee
11/15/2022
M Sullivan
Tues
schedule
Information gathering, review, analysis
1.00
1.00
Working on the weekly professional fee
11/16/2022
M Sullivan
Wed
analysis
Information gathering, review, analysis
0.50
0.50
Working on the weekly professional fee
11/18/2022
M Sullivan
Fri
analysis
Information gathering, review, analysis
3.00
3.00
Reading and responding to email in
regard to the settlement. Gathering
information for a letter to the court in
regard to same. Call with Tamica
Williams to prepare for call with Weil to
discuss same.
11/22/2022
M Sullivan
Tues
Information gathering, review, analysis
1.00
1.00
11/23/2022
M Sullivan
Wed
Working on Professional Fee Worksheet
Information gathering, review, analysis
1.50
1.50
Working on the historical fee
spreadsheets and adjusting monthly fee
estimates.
11/28/2022
M Sullivan
Mon
Information gathering, review, analysis
3.00
3.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 19 of 21

110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Printed on: 12/2/2022
Page 15 of 15
Filters Used:
- Time Entry Date:
10/24/2022 to 12/2/2022
- Project ID:
Kabbage I - Internal KServicing Corp BK: to  Kabbage I - Internal KServicing Corp BK:
*
= Invoiced (mouse over for #),
= Marked as Billed,
= Non-Billable,
= Xtra
Project ID - Name (Manager): Kabbage I - Internal KServicing Corp BK: - Kabbage I - Internal KServicing Corp BK (Michael
Jacoby)
Description
Employee
Hrs
Day
Date
B-Hrs
*
Information gathering, review, analysis
Working on Contract Rejection Analysis.
Choosing which contracts would be
rejected if KS were no longer servicing
loans. Calculating contract
cancellation costs.
19.00
19.00
M Sullivan Total:
19.00
19.00
Information gathering, review, analysis Total:
212.50
212.50
Project Kabbage I - Internal KServicing Corp BK: Total:
Grand Total:
212.50
212.50
BillQuick Standard Report Copyright ©  BQE Software, Inc.
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 20 of 21

Printed on: 12/2/2022
Page 1 of 1
110 Commons Court
Chadds Ford, PA 19317-9716
Tel: 610-358-4700 Fax: 610-358-9377
Phoenix Management
Filters Used:
- Expense Log Date:
10/24/2022 to 12/2/2022
- Expense Log Project ID:
Kabbage I - KServicing Corp BK: to  Kabbage I - KServicing Corp BK:
Date
Amount
Units
Employee ID
Project ID
Memo
Mileage NR: - Mileage
10/24/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
10/25/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
10/27/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
10/31/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
11/7/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
11/21/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
11/22/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RT to client
11/30/2022
24.00
M Sullivan
$15.00
Kabbage I - KServicing
Corp BK:
RTl to client
Mileage NR: Sub-Total:
$120.00
Grand Total:
$120.00
BillQuick Standard Report Copyright ©  BQE Software, Inc.
*Profit is negative cost for non-billables, MU amount for billables
Case 22-10951-CTG    Doc 379-1    Filed 12/27/22    Page 21 of 21
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Our copy: gov.uscourts.deb.188293.379.1.pdf
Original: archive.org