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status of PPPLF reconciliation, reduction report interest calculation, upcoming tax

Date
2023-05-08

Summary

Exhibit A, Description of AlixPartners' Hours and Fees by Matter Category, filed May 8, 2023 as Doc 809-2 in Case 22-10951-CTG, the Chapter 11 case of Kabbage, Inc. d/b/a Kservicing. The 57-page exhibit lists daily time entries from March 2023 by AlixPartners professionals, each with a date, professional initials, a description of services and hours. Entries under the Chapter 11 Process / Case Management category record calls on the PPPLF reconciliation, cash collateral budget updates, the legacy loan sale process, the claims process and the plan confirmation hearing. The Loan Transfer Activities category totals 36.4 hours and $32,581.50 in fees. The Travel Time category, which includes travel for the confirmation hearing, totals 35.7 hours and $37,334.00, reduced by 50% to $18,667.00.

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Full text

Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 1 of 57

Exhibit A
Description of AlixPartners’ Hours and Fees by Matter Category


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 2 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/01/2023

PROFESSIONAL
AP

03/01/2023

AP

03/01/2023
03/01/2023

DCR
NL

03/01/2023

NL

03/01/2023

TBT

03/01/2023

TBT

03/02/2023

AP

03/02/2023

AP

03/02/2023

AP

03/02/2023

DCR

03/02/2023

JN

03/02/2023

JMK

03/02/2023

JMK

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation, reduction report interest calculation, upcoming tax
payments, and other diligence matters
Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss claims process, cash collateral budget updates, and vendor payment updates
$1,789
Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss claims process, cash collateral budget updates, and vendor payment updates
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation, reduction report interest calculation, upcoming tax
payments, and other diligence matters
Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss claims process, cash collateral budget updates, and vendor payment updates
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation, reduction report interest calculation, upcoming tax
payments, and other diligence matters
Attend call with D. Rieger-Paganis, J. Nelson (partial), J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of weekly deliverables
including cash collateral reporting, PPPLF reconciliation updates, and legacy loan
sale process updates
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss borrower claims, PPPLF reconciliation, cash
collateral budget updates, and status of transition plan
Attend call with D. Rieger-Paganis, J. Nelson (partial), J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of weekly deliverables
including cash collateral reporting, PPPLF reconciliation updates, and legacy loan
sale process updates
Attend call with D. Rieger-Paganis, J. Nelson (partial), J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of weekly deliverables
including cash collateral reporting, PPPLF reconciliation updates, and legacy loan
sale process updates
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss borrower claims, PPPLF reconciliation, cash
collateral budget updates, and status of transition plan
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss borrower claims, PPPLF reconciliation, cash
collateral budget updates, and status of transition plan
Attend call with D. Rieger-Paganis, J. Nelson (partial), J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of weekly deliverables
including cash collateral reporting, PPPLF reconciliation updates, and legacy loan
sale process updates

HOURS
0.4

0.2
0.4
0.2
0.4

0.2
0.4

0.5

0.5
0.5

0.5

0.5
0.5
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 3 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/02/2023

PROFESSIONAL
NL

03/02/2023

NL

03/02/2023

TBT

03/03/2023

AP

03/03/2023

AP

03/03/2023

DCR

03/03/2023

JN

03/03/2023

JMK

03/03/2023

JMK

03/03/2023

NL

03/03/2023

NL

03/03/2023

TBT

03/06/2023

AP

03/06/2023

AP

03/06/2023

JN

DESCRIPTION OF SERVICES

HOURS

Attend call with D. Rieger-Paganis, J. Nelson (partial), J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of weekly deliverables
including cash collateral reporting, PPPLF reconciliation updates, and legacy loan
sale process updates
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss borrower claims, PPPLF reconciliation, cash
collateral budget updates, and status of transition plan
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss borrower claims, PPPLF reconciliation, cash
collateral budget updates, and status of transition plan
Attend call with T. Williams, S. Haliburton (all KServicing) J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF reconciliation,
Fed interest calculation, and other diligence matters
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with T. Williams, S. Haliburton (all KServicing) J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF reconciliation,
Fed interest calculation, and other diligence matters
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with T. Williams, S. Haliburton (all KServicing) J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF reconciliation,
Fed interest calculation, and other diligence matters
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss cash collateral budget, legacy
loan sale and transition updates
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance open items and status of PPPLF reconciliation
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss status of contract assumption and rejection
schedule, PPPLF reconciliation, legacy loan sale process and general project updates

0.5

Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance open items and status of PPPLF reconciliation

0.4

0.5
0.5
0.3
1.0
1.0
1.0
1.0
0.3
1.0
0.3
1.0
0.4
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 4 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/06/2023

PROFESSIONAL
JN

03/06/2023

DESCRIPTION OF SERVICES

HOURS

Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss status of contract assumption and rejection
schedule, PPPLF reconciliation, legacy loan sale process and general project updates

0.5

JMK

Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss status of contract assumption and rejection
schedule, PPPLF reconciliation, legacy loan sale process and general project updates

0.5

03/06/2023

NL

Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss status of contract assumption and rejection
schedule, PPPLF reconciliation, legacy loan sale process and general project updates

0.5

03/06/2023

NL

0.4

03/06/2023

TBT

03/06/2023

TBT

Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance open items and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance open items and status of PPPLF reconciliation
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss status of contract assumption and rejection
schedule, PPPLF reconciliation, legacy loan sale process and general project updates

03/07/2023

AP

1.1

03/07/2023

DCR

03/07/2023
03/07/2023

DCR
JN

03/07/2023
03/07/2023
03/07/2023

JN
JN
JMK

03/07/2023

NL

Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates
Attend call with D. Rieger-Paganis, J. Nelson (AlixPartners) to discuss case updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates
Prepare case update summary
Attend call with D. Rieger-Paganis, J. Nelson (AlixPartners) to discuss case updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates

0.4
0.5

1.1

0.4
1.1

0.4
0.4
1.1

1.1


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 5 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/08/2023

PROFESSIONAL
AP

03/08/2023

AP

03/08/2023

DCR

03/08/2023

JN

03/08/2023

JN

03/08/2023

JMK

03/08/2023

JMK

03/08/2023

NL

03/08/2023

NL

03/08/2023

TBT

03/09/2023

AP

03/09/2023

JN

03/09/2023

JMK

DESCRIPTION OF SERVICES
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss Plan Confirmation Declaration comments, budget variance
report, updated cash budget and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss Plan Confirmation Declaration comments, budget variance
report, updated cash budget and status of PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss Plan Confirmation Declaration comments, budget variance
report, updated cash budget and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss Plan Confirmation Declaration comments, budget variance
report, updated cash budget and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Mullaney, T. Williams, S. Haliburton, I. (all KServicing) D.
Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss weekly AP check run, professional fee
accruals, and status of PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss outstanding Fed Advisors diligence requests, and status of
PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss outstanding Fed Advisors diligence requests, and status of
PPPLF reconciliation
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss outstanding Fed Advisors diligence requests, and status of
PPPLF reconciliation

HOURS
0.7
0.6

0.6

0.6

0.7
0.7
0.6

0.7
0.6

0.6

0.4
0.4
0.4


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 6 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/09/2023

PROFESSIONAL
NL

03/10/2023

AP

03/10/2023

AP

03/10/2023

DCR

03/10/2023

JN

03/10/2023

JN

03/10/2023

JN

03/10/2023

JMK

03/10/2023

JMK

03/10/2023

NL

03/10/2023

NL

03/10/2023

TBT

03/13/2023

AP

03/13/2023

AP

03/13/2023

EK

DESCRIPTION OF SERVICES
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss outstanding Fed Advisors diligence requests, and status of
PPPLF reconciliation
Attend call with T. Williams, S. Haliburton (all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation and month-end close
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with T. Williams, S. Haliburton (all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation and month-end close
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with T. Williams, S. Haliburton (all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation and month-end close
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss plan confirmation hearing,
status of PPPLF reconciliation and status of weekly deliverables
Attend call with T. Williams, S. Haliburton (all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation and month-end close
Attend call with T. Williams, S. Haliburton (all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
status of PPPLF reconciliation and month-end close
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of ongoing PPPLF reconciliation, Fed remittance updates, and other
diligence matters
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables

HOURS
0.4
0.2
0.5
0.5
0.5
0.5
0.2
0.5
0.2
0.5
0.2
0.2
0.5
0.3

0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 7 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/13/2023

PROFESSIONAL
JN

03/13/2023

JN

03/13/2023

JMK

03/13/2023

JMK

03/13/2023

NL

03/13/2023

NL

03/13/2023

TBT

03/13/2023

TBT

03/14/2023

AP

03/14/2023

DCR

03/14/2023

JN

03/14/2023

JMK

03/14/2023

NL

03/14/2023

TBT

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of ongoing PPPLF reconciliation, Fed remittance updates, and other
diligence matters
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of ongoing PPPLF reconciliation, Fed remittance updates, and other
diligence matters
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of ongoing PPPLF reconciliation, Fed remittance updates, and other
diligence matters
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with E. Koza , J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing updates, status
of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of ongoing PPPLF reconciliation, Fed remittance updates, and other
diligence matters
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss Plan Confirmation hearing
updates, status of ongoing PPPLF reconciliation, and status of weekly deliverables

HOURS
0.3

0.5
0.5
0.3

0.3

0.5
0.5
0.3

0.5
0.5
0.5
0.5
0.5
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 8 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/15/2023

PROFESSIONAL
AP

03/15/2023

DCR

03/15/2023

JN

03/15/2023

JMK

03/15/2023

NL

03/15/2023

TBT

03/16/2023

AP

03/16/2023

JN

03/16/2023

NL

03/16/2023

TBT

03/17/2023

AP

03/17/2023

DCR

03/17/2023

JN

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss legacy loan sale updates, status
of ongoing PPPLF reconciliation, and status of PPPLF transfer diligence requests
from Lendistry
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, OCP invoices, and status
of weekly cash collateral reporting
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, OCP invoices, and status
of weekly cash collateral reporting
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, OCP invoices, and status
of weekly cash collateral reporting
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, OCP invoices, and status
of weekly cash collateral reporting
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, loan transition, and
updates from Board Call
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, loan transition, and
updates from Board Call
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, loan transition, and
updates from Board Call

HOURS
0.8

0.8

0.8

0.8

0.8

0.8

0.4
0.4
0.4
0.4
0.4
0.4
0.4


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 9 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/17/2023

PROFESSIONAL
NL

03/20/2023

AP

03/20/2023
03/20/2023
03/20/2023

DCR
JN
JN

03/20/2023

NL

03/20/2023

TBT

03/21/2023

AP

03/21/2023

DCR

03/21/2023
03/21/2023

DCR
JN

03/21/2023

NL

03/21/2023

TBT

03/22/2023

AP

03/22/2023

DCR

03/22/2023

JN

03/22/2023

JN

03/22/2023

NL

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation open items, loan transition, and
updates from Board Call
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation, transition updates, and updated
budget
Call with J. Nelson and D. Rieger-Paganis (both AlixPartners) re: status update
Call with J. Nelson and D. Rieger-Paganis (both AlixPartners) re: status update
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation, transition updates, and updated
budget
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation, transition updates, and updated
budget
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss PPPLF reconciliation, transition updates, and updated
budget
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss legacy loan sale process updates, loan
transition diligence requests, and CUBI settlement hearing
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss legacy loan sale process updates, loan
transition diligence requests, and CUBI settlement hearing
Review board presentation materials
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss legacy loan sale process updates, loan
transition diligence requests, and CUBI settlement hearing
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss legacy loan sale process updates, loan
transition diligence requests, and CUBI settlement hearing
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss legacy loan sale process updates, loan
transition diligence requests, and CUBI settlement hearing
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates and loan transition
diligence requests
Attend call with Z. Shapiro (RLF), N. Hwangpo, C. Arthur (both Weil) and J.
Nelson and D. Rieger-Paganis (both AlixPartners) re: status update
Attend call with Z. Shapiro (RLF), N. Hwangpo, C. Arthur (both Weil) and J.
Nelson and D. Rieger-Paganis (both AlixPartners) re: status update
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates and loan transition
diligence requests
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates and loan transition
diligence requests

HOURS
0.4
0.4
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.3
0.5
0.5
0.5
0.2
0.3
0.3
0.2
0.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 10 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/22/2023

PROFESSIONAL
TBT

03/23/2023

AP

03/23/2023

DCR

03/23/2023

JN

03/23/2023

NL

03/24/2023

AP

03/24/2023

DCR

03/24/2023

JN

03/24/2023

NL

03/27/2023

AP

03/27/2023

JN

03/27/2023

NL

03/28/2023

AP

03/28/2023

DCR

03/28/2023

JN

03/28/2023

NL

DESCRIPTION OF SERVICES
Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates and loan transition
diligence requests
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates, loan transition diligence
requests, and changes to Loan Transition Agreement Exhibit A
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates, loan transition diligence
requests, and changes to Loan Transition Agreement Exhibit A
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates, loan transition diligence
requests, and changes to Loan Transition Agreement Exhibit A
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss legacy loan sale process updates, loan transition diligence
requests, and changes to Loan Transition Agreement Exhibit A
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, legacy loan sale updates, and status
of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, legacy loan sale updates, and status
of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, legacy loan sale updates, and status
of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, legacy loan sale updates, and status
of PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
loan transition updates, legacy loan sale updates, and status of PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
loan transition updates, legacy loan sale updates, and status of PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
loan transition updates, legacy loan sale updates, and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss loan transition updates, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss loan transition updates, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss loan transition updates, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss loan transition updates, legacy loan sale,
updated budget and status of PPPLF reconciliation

HOURS
0.2
0.4
0.4
0.4
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 11 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
03/28/2023

PROFESSIONAL
TBT

03/29/2023

AP

03/29/2023

DCR

03/29/2023

JN

03/29/2023

NL

03/29/2023

TBT

03/30/2023

AP

03/30/2023

JN

03/30/2023

NL

03/30/2023

TBT

03/31/2023

AP

03/31/2023

JN

03/31/2023

NL

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss loan transition updates, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss cash collateral reporting, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss cash collateral reporting, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss cash collateral reporting, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss cash collateral reporting, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss cash collateral reporting, legacy loan sale,
updated budget and status of PPPLF reconciliation
Attend call with J. Nelson, T. Thoroddsen (partial), N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, updated cash collateral budget, and
legacy loan sale process updates
Attend call with J. Nelson, T. Thoroddsen (partial), N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, updated cash collateral budget, and
legacy loan sale process updates
Attend call with J. Nelson, T. Thoroddsen (partial), N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, updated cash collateral budget, and
legacy loan sale process updates
Attend call with J. Nelson, T. Thoroddsen (partial), N. LoBiondo, A. Perrella (all
AlixPartners) to discuss loan transition updates, updated cash collateral budget, and
legacy loan sale process updates
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
professional fee updates, legacy loan sale, and PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
professional fee updates, legacy loan sale, and PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
professional fee updates, legacy loan sale, and PPPLF reconciliation

HOURS
0.5
0.4
0.4
0.4
0.4
0.4
0.5
0.5
0.5
0.3
0.5
0.5
0.5
71.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 12 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Eric Koza
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Chapter 11 Process / Case Management
20006554P00002.1.1
RATE
$1,400
$1,220
$1,020
$950
$860
$605
$605

HOURS
0.5
9.4
15.1
8.6
8.4
15.1
14.6
71.7

$

$

FEES
700.00
11,468.00
15,402.00
8,170.00
7,224.00
9,135.50
8,833.00
60,932.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 13 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
03/01/2023
03/01/2023
03/01/2023

PROFESSIONAL
AP
AP
JN

03/01/2023
03/01/2023
03/01/2023
03/01/2023

JN
JN
JN
NL

03/02/2023
03/02/2023
03/02/2023

AP
AP
JN

03/02/2023

NL

03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/06/2023
03/06/2023
03/06/2023
03/06/2023
03/06/2023

AP
AP
JN
JN
AP
JN
JN
JMK
NL

03/06/2023

NL

03/06/2023

NL

03/07/2023
03/07/2023
03/07/2023
03/07/2023
03/07/2023
03/07/2023
03/08/2023
03/08/2023

AP
AP
AP
JN
JMK
NL
AP
JN

03/08/2023
03/08/2023

JMK
NL

03/09/2023
03/09/2023
03/09/2023
03/09/2023

AP
AP
JMK
NL

DESCRIPTION OF SERVICES
Develop daily cash analysis
Update professional fees for cash collateral budget
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updates to
cash collateral budget
Review weekly PPPLF cash collateral reporting
Research due diligence requests from Federal Reserve advisors
Review weekly cash forecast variance report
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updates to
cash collateral budget
Update to professional fees for cash collateral budget
Develop daily cash analysis
Attend call with J. Mullaney, C. Bergmark, S. Haliburton, C. Johnson(all
KServicing) J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of PPPLF
reconciliation and next steps
Attend call with J. Mullaney, C. Bergmark, S. Haliburton, C. Johnson(all
KServicing) J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of PPPLF
reconciliation and next steps
Develop daily cash analysis
Update to professional fees for cash collateral budget
Revise updated cash collateral budget
Review updated KServicing org chart for inclusion into budget
Develop daily cash analysis
Review weekly PPPLF cash collateral reporting
Research PPPLF advisor due diligence requests
Review daily cash activity and forward flows
Update cash collateral budget for operating and non-operating expense actuals for
week ended 3/3/23
Finalize updates to cash flow forecast for actuals through 3/3/23 and perform
reconciliation to daily cash report
Update cash collateral budget for legacy loan and PPP actuals for week ended
3/3/23
Update to professional fees for cash collateral budget
Develop daily cash analysis
Update February professional fee accruals
Review weekly cash flow forecast variance report
Review daily cash activity and forward flows
Reconcile PPPLF balance for February month-end close
Develop daily cash analysis
Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss staffing needs for potential effective date delay
Review daily cash activity and forward flows
Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss staffing needs for potential effective date delay
Develop daily cash analysis
Update to professional fees for cash collateral budget
Review daily cash activity and forward flows
Continue preparation of cash flow forecast for delayed effective date scenario

HOURS
1.2
0.6
0.2
0.5
0.8
0.4
0.2
0.6
1.3
0.5
0.5
0.9
0.9
1.4
0.6
1.2
0.7
1.3
0.5
2.6
2.3
2.6
0.6
1.3
1.4
0.6
0.5
1.6
1.1
1.0
0.5
1.0
1.3
1.4
0.5
1.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 14 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
03/09/2023
03/09/2023
03/10/2023
03/10/2023

PROFESSIONAL
NL
NL
AP
DCR

03/10/2023
03/10/2023

JN
JN

03/10/2023
03/10/2023
03/10/2023
03/10/2023

JN
JMK
NL
NL

03/10/2023
03/11/2023
03/13/2023
03/13/2023
03/13/2023
03/13/2023

NL
JN
AP
AP
JMK
NL

03/13/2023

NL

03/13/2023

NL

03/14/2023
03/14/2023
03/14/2023

AP
DCR
JN

03/14/2023
03/14/2023
03/14/2023
03/14/2023
03/14/2023

JN
JN
JMK
NL
NL

03/15/2023
03/15/2023

AP
AP

03/15/2023
03/15/2023
03/15/2023

AP
DCR
JN

03/15/2023
03/15/2023
03/15/2023

JN
JMK
NL

03/16/2023
03/16/2023

AP
JN

DESCRIPTION OF SERVICES
Prepare cash flow forecast for delayed effective date scenario
Review PPPLF data reconciliation as of 1/31
Develop daily cash analysis
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review PPPLF data reconciliation and updated cash flow forecast
Review PPPLF data reconciliation
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review PPPLF data reconciliation and updated cash flow forecast
Review updated KServicing org chart changes for inclusion into budget
Review daily cash activity and forward flows
Finalize review of PPPLF data reconciliation and prepare output for Fed Advisors
Attend call with M. Kennedy, J. Ellis(all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners)
Update cash flow forecast for staffing needs for delayed effective date scenario
Review liquidation analysis
Develop professional fee accruals for finance team
Develop daily cash analysis
Review daily cash activity and forward flows
Update cash collateral budget for operating and non-operating expense actuals for
week ended 3/10/23
Finalize updates to cash flow forecast for actuals through 3/10/23 and perform
reconciliation to daily cash report
Update cash collateral budget for legacy loan and PPP actuals for week ended
3/10/23
Develop daily cash analysis
Respond to case emails re: PPPLF reconciliation
Attend call with S. Kafiti, T. Williams (all KServicing) to discuss flow of borrower
funds
Review daily cash report
Draft summary of borrower payment and reporting process
Review daily cash activity and forward flows
Review 3.10.23 PPPLF reconciliation
Finalize cash collateral budget variance report and permitted variance test for week
ended 3/10/23
Develop daily cash analysis
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updates to
professional fee estimates
Update to professional fees for cash collateral budget
Respond to case emails re: PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss additional
updates to cash flow forecast
Review weekly PPPLF cash collateral reporting
Review daily cash activity and forward flows
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss additional
updates to cash flow forecast
Develop daily cash analysis
Research PPPLF portfolio reconciliation request

HOURS
2.8
2.5
1.3
0.9
0.5
0.9
0.4
0.5
2.8
0.5
2.1
0.5
1.1
1.1
0.5
2.6
2.1
2.4
1.3
0.8
0.5
0.3
0.7
0.5
2.8
2.5
1.4
0.3
1.4
0.7
0.6
0.6
0.5
0.6
1.3
1.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 15 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
03/16/2023
03/16/2023
03/16/2023
03/16/2023
03/16/2023

PROFESSIONAL
JN
JN
JN
JN
JN

03/16/2023
03/16/2023

NL
NL

03/16/2023

NL

03/16/2023
03/17/2023
03/17/2023
03/17/2023
03/17/2023
03/17/2023
03/17/2023

NL
AP
AP
DCR
JN
JN
NL

03/20/2023
03/20/2023
03/20/2023

AP
DCR
NL

03/20/2023

NL

03/20/2023

NL

03/21/2023
03/21/2023
03/21/2023
03/21/2023

AP
AP
NL
NL

03/22/2023
03/22/2023
03/22/2023
03/22/2023
03/22/2023
03/23/2023
03/23/2023

AP
AP
JN
JN
NL
AP
JN

03/23/2023
03/23/2023

NL
NL

03/24/2023
03/24/2023

AP
AP

DESCRIPTION OF SERVICES
Review weekly Kabbage Direct loan processing report
Review daily forward flow borrower payment remittance reports
Review weekly cash flow forecast variance report
Review Board meeting materials
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss PPPLF
reconciliation open items
Review updated 3.10.23 PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss PPPLF
reconciliation open items
Update delayed effective date scenario cash collateral budget with new professional
fee estimates and update retainer mechanics
Prepare comments for FinOps Team on updated PPPLF reconciliation
Confirmation of forward flow amounts
Develop daily cash analysis
Respond to case emails re: PPPLF reconciliation and board call
Revise updated cash collateral budget
Review weekly cash balance and cash collateral report
Review updated PPPLF reconciliation for loans already included in previous
reductions reports
Develop daily cash analysis
Respond to case emails re: updated budget
Finalize updates to cash flow forecast for actuals through 3/17/23 and perform
reconciliation to daily cash report
Update cash collateral budget for operating and non-operating expense actuals for
week ended 3/17/23
Update cash collateral budget for legacy loan and PPP actuals for week ended
3/17/23
Develop daily cash analysis
Update professional fee schedule for cash collateral budget
Prepare output of reduction report reconciliation for Chilmark and FinOps
Reconcile 3/21/23 reduction report and pay down file to prior FRB Accepted Items
Notices
Develop daily cash analysis
Update professional fee schedule for cash collateral budget
Review weekly cash flow forecast variance report
Review weekly PPPLF cash collateral reporting
Prepare 3/10/23 PPPLF reconciliation output with comments for FinOps team
Develop daily cash analysis
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash
collateral budget and PPPLF reconciliation open items
Update delayed effective date scenario cash collateral budget
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash
collateral budget and PPPLF reconciliation open items
Update professional fee schedule for cash collateral budget
Develop daily cash analysis

HOURS
0.5
0.4
0.5
0.7
0.3
2.5
0.3
2.8
2.1
0.4
1.2
1.0
1.2
0.5
2.7
1.3
0.6
2.1
2.6
2.5
1.3
2.3
1.1
1.5
1.1
1.3
0.4
0.5
2.1
1.3
0.2
2.4
0.2
1.2
1.4


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 16 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
03/24/2023

PROFESSIONAL
AP

03/24/2023
03/24/2023
03/24/2023
03/24/2023

DCR
JN
JN
JN

03/24/2023

JN

03/24/2023
03/24/2023

NL
NL

03/24/2023

NL

03/24/2023

NL

03/27/2023
03/27/2023
03/27/2023
03/27/2023
03/27/2023

AP
AP
JN
JN
NL

03/27/2023

NL

03/27/2023

NL

03/28/2023
03/28/2023
03/28/2023

AP
JN
JN

03/28/2023

NL

03/28/2023

NL

03/29/2023
03/29/2023
03/29/2023
03/29/2023
03/29/2023
03/29/2023
03/29/2023
03/30/2023

AP
JN
JN
NL
NL
TBT
TBT
AP

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, S. Haliburton, C. Bergmark, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 3/27
reduction report file checks and status of PPPLF reconciliation
Respond to case emails re: PPPLF reconciliation
Revise updated cash collateral budget
Revise professional fees forecast
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash
collateral budget and professional fee estimates
Attend call with J. Mullaney, S. Haliburton, C. Bergmark, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 3/27
reduction report file checks and status of PPPLF reconciliation
Update delayed effective date scenario cash collateral budget
Attend call with J. Mullaney, S. Haliburton, C. Bergmark, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 3/27
reduction report file checks and status of PPPLF reconciliation
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash
collateral budget and professional fee estimates
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updates to
professional fee estimates
Update professional fee carve-out analysis
Develop daily cash analysis
Revise professional fees winddown budget
Revise extended cash collateral budget
Finalize updates to cash flow forecast for actuals through 3/24/23 and perform
reconciliation to daily cash report
Update cash collateral budget for legacy loan and PPP actuals for week ended
3/24/23
Update cash collateral budget for operating and non-operating expense actuals for
week ended 3/24/23
Develop daily cash analysis
Revise winddown cash flow forecast
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all
KServicing) J. Nelson, N. LoBiondo (all AlixPartners) to discuss PPPLF
reconciliation open items and next steps
Reconcile 3/27/23 reduction report and pay down file to prior FRB Accepted Items
Notices
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all
KServicing) J. Nelson, N. LoBiondo (all AlixPartners) to discuss PPPLF
reconciliation open items and next steps
Develop daily cash analysis
Review weekly cash flow forecast variance report
Review weekly PPPLF cash collateral reporting
Finalize updated cash collateral budget and wind down budget
Prepare output of cash collateral budget for Management and Fed Advisors
Review KERP agreements for payment timing
Send correspondence to N. Hwangpo (Weil) re: timing of last KERP payments
Develop daily cash analysis

HOURS
0.5
0.4
1.9
1.3
0.4
0.5
1.5
0.5
0.4
0.5
1.6
1.3
1.2
1.4
1.8
2.4
2.4
1.2
1.9
1.0
1.5
1.0
1.2
0.4
0.7
2.5
2.3
0.2
0.1
1.4


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 17 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
03/30/2023

PROFESSIONAL
JN

03/30/2023

NL

03/30/2023

NL

03/30/2023
03/31/2023
03/31/2023
03/31/2023
03/31/2023

NL
AP
AP
JN
JN

03/31/2023
03/31/2023

NL
NL

03/31/2023
03/31/2023
03/31/2023

NL
NL
NL

03/31/2023

TBT

Total Professional Hours

DESCRIPTION OF SERVICES

HOURS

Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated cash collateral budget and status of PPPLF
reconciliation
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated cash collateral budget and status of PPPLF
reconciliation
Review updated PPPLF reconciliation and respond to comments from Fed Advisors

0.8

Prepare updated list of Kabbage Direct loans for internal status tracking
Develop daily cash analysis
Update professional fee carve-out analysis based on estimates received from firms
Attend call with M. Kennedy (Chilmark) to discuss Fed remittances
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss Kabbage
Direct loan population and PPPLF reconciliation updates
Update cash collateral output and support per comments from Fed Advisors
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss Kabbage
Direct loan population and PPPLF reconciliation updates
Prepare final output of 3/10 PPPLF reconciliation with comments for Fed Advisors
Research additional Kabbage Direct loans potentially pledged to PPPLF
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss Q4
Interim Fee Application payments
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss Q4
Interim Fee Application payments

1.8
1.2
1.2
0.2
0.4

0.8
2.1

2.5
0.4
1.8
2.8
0.1
0.1
175.9


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 18 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Cash / Liquidity Matters
20006554P00002.1.3
RATE
$1,220
$1,020
$950
$860
$605
$605

HOURS
4.4
31.5
0.4
4.0
45.4
90.2
175.9

$

$

FEES
5,368.00
32,130.00
380.00
3,440.00
27,467.00
54,571.00
123,356.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 19 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/01/2023

PROFESSIONAL
AP

03/01/2023
03/01/2023
03/01/2023

AP
AP
DCR

03/01/2023

JN

03/01/2023

NL

03/01/2023

NL

03/01/2023

NL

03/01/2023

NL

03/01/2023

NL

03/01/2023
03/02/2023
03/02/2023

NL
AP
DCR

03/02/2023

DCR

03/02/2023

JN

03/02/2023

JN

03/02/2023
03/02/2023
03/02/2023
03/02/2023

NL
NL
NL
NL

03/03/2023

AP

03/03/2023
03/03/2023
03/03/2023
03/03/2023

AP
NL
NL
NL

DESCRIPTION OF SERVICES
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance report and professional fee updates
Prepare PPPLF remittance report
Update loan listing analysis for remittance report
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 2/24/23
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 2/24/23
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed
remittance report and professional fee updates
Finalize cash collateral budget variance report and permitted variance test
presentation for week ended 2/24/23
Prepare and finalize KServicing remittance loan detail report for week ended
2/24/23
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 2/24/23
Prepare cash collateral budget variance report and permitted variance test
presentation for week ended 2/24/23
Review and finalize Fed remittance report for week ended 2/24/23
Prepare cash collateral report to be sent to Federal Reserve's advisors
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, S. Kafiti,
H. Loiseau, T. Williams, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss wind down officer selection, and
confirmation prep
Attend Board call with D. Kurzweil, M. Petrie (all Greenberg) L. Milner, S. Kafiti,
H. Loiseau, T. Williams, E. Hartz, R. Gregg, L. Taylor (all KServicing) C. Arthur,
N. Hwangpo, C. Bentley (all Weil) D. Rieger-Paganis, J. Nelson (all AlixPartners)
to discuss case updates
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, S. Kafiti,
H. Loiseau, T. Williams, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss wind down officer selection, and
confirmation prep
Attend Board call with D. Kurzweil, M. Petrie (all Greenberg) L. Milner, S. Kafiti,
H. Loiseau, T. Williams, E. Hartz, R. Gregg, L. Taylor (all KServicing) C. Arthur,
N. Hwangpo, C. Bentley (all Weil) D. Rieger-Paganis, J. Nelson (all AlixPartners)
to discuss case updates
Prepare cash collateral budget output for presentation to Management
Update cash collateral budget operating expenses
Continue updates to revised cash collateral budget
Update cash collateral budget through 3/31 per requirements of cash collateral order
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash
balances and cash collateral report for the week ended 2/24/23
Prepare cash collateral report to be sent to Federal Reserve's advisors
Prepare cash collateral budget output for presentation to Fed Advisors and Fed
Finalize updated cash collateral budget through 3/31
Finalize cash collateral budget output for presentation to Management

HOURS
0.2
1.4
1.8
0.3
0.3
0.2
2.1
1.5
0.3
2.3
2.1
1.8
1.0

1.1

1.0

1.1

2.6
2.5
2.5
2.7
0.2
0.4
2.3
2.4
1.8


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 20 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/03/2023
03/03/2023

PROFESSIONAL
NL
NL

03/06/2023
03/06/2023

AP
DCR

03/06/2023

JN

03/07/2023

AP

03/07/2023
03/07/2023

DCR
NL

03/07/2023

NL

03/07/2023

NL

03/07/2023

TBT

03/07/2023
03/08/2023
03/08/2023

TBT
AP
DCR

03/08/2023
03/08/2023

NL
NL

03/09/2023
03/09/2023
03/10/2023
03/10/2023
03/10/2023
03/11/2023
03/13/2023
03/13/2023

AP
TBT
AP
NL
TBT
TBT
AP
TBT

03/13/2023

TBT

03/13/2023
03/13/2023

TBT
TBT

03/13/2023

TBT

03/14/2023

AP

DESCRIPTION OF SERVICES
Finalize cash collateral budget output for presentation to Fed Advisors and Fed
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash
balances and cash collateral report for the week ended 2/24/23
Update loan listing analysis for remittance report
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, H.
Loiseau, S. Kafiti, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss contracts review, transition
planning, and confirmation hearing prep
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, H.
Loiseau, S. Kafiti, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss contracts review, transition
planning, and confirmation hearing prep
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review Fed
remittance report for week ended 3/3/23
Respond to case related emails re: first day declaration
Prepare cash collateral budget variance report and permitted variance test for week
ended 3/3/23
Finalize cash collateral budget variance report and permitted variance test for week
ended 3/3/23
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review Fed
remittance report for week ended 3/3/23
Send correspondence to N. Hwangpo (Weil) re: remaining discretionary KERP
funds
Review discretionary KERP agreement detail as requested by N. Hwangpo (Weil)
Update loan listing analysis for remittance report
Review and respond to case related emails regarding confirmation and transition
services issues
Review and finalize Fed remittance report for week ended 3/3/23
Prepare and finalize KServicing remittance loan detail report for week ended
2/24/23
Prepare cash collateral report to be sent to Federal Reserve's advisors
Review professional fee accruals from A. Perrella (AlixPartners) for February
Prepare cash collateral report to be sent to Federal Reserve's advisors
Review and finalize cash balances and cash collateral report for week ended 3/3/23
Revise global notes to January MOR
Send correspondence to D. Rieger-Paganis (AlixPartners) re: January MOR
Update loan listing analysis for remittance report
Review unsecured personal property tax return for Fulton County from T. William
(KServicing)
Respond to T. Williams (KServicing) re: Fulton County 2023 unsecured personal
property tax return
Review updates from T. Bullet (Windham Brannon) re: IRS refund
Send correspondence to V. Martin (KServicing) re: litigations related to legacy
loans
Review correspondence from V. Martin (KServicing) re: litigations related to
legacy loans
Update loan listing analysis for remittance report

HOURS
1.5
0.2
2.1
1.2

1.2

0.7
0.4
2.4
1.6
0.7
0.2
0.3
2.1
0.9
1.5
1.2
1.8
0.1
1.8
1.8
0.7
0.1
2.4
0.1
0.1
0.1
0.1
0.1
2.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 21 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/14/2023
03/14/2023

PROFESSIONAL
AP
NL

03/14/2023

TBT

03/14/2023

TBT

03/14/2023
03/15/2023
03/15/2023

TBT
AP
AP

03/15/2023

DCR

03/15/2023

JN

03/15/2023

JN

03/15/2023

JMK

03/15/2023

NL

03/15/2023
03/15/2023
03/15/2023

NL
NL
NL

03/15/2023
03/15/2023

NL
TBT

03/15/2023
03/15/2023
03/15/2023
03/16/2023
03/16/2023
03/16/2023

TBT
TBT
TBT
AP
AP
DCR

DESCRIPTION OF SERVICES

HOURS

Develop monthly cash flow for Monthly Operating Report
Prepare cash collateral budget variance report and permitted variance test for week
ended 3/10/23
Review notice of increase in ordinary course professional monthly fee cap for
McGuirewoods LLP
Review correspondence from C. Arthur (Weil) re: OCP payment to McGuireWoods

1.9
2.6

Respond to A. Suarez (Weil) re: February MOR
Prepare cash collateral report to be sent to Federal Reserve's advisors
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of PPPLF reconciliation and open questions on Fed remittance from
3/14
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 3/10/23
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 3/10/23
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of PPPLF reconciliation and open questions on Fed remittance from
3/14
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of PPPLF reconciliation and open questions on Fed remittance from
3/14
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of PPPLF reconciliation and open questions on Fed remittance from
3/14
Prepare KServicing remittance loan detail report for week ended 3/10/23
Finalize Fed remittance report for week ended 3/10/23
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report for the week ended 3/10/23
Review Fed remittance report for week ended 3/10/23
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to
discuss status of PPPLF reconciliation and open questions on Fed remittance from
3/14
Review February P&L for MOR
Review February balance sheet for MOR
Review February cash flow for MOR
Develop Monthly Operating Report for February
Call with T. Thoroddsen, A. Perrella (all AlixPartners) to discuss January MOR
Attend Board call with C. Arthur, N. Hwangpo, L. Castillo (all Weil) L. Milner, ,
H. Loiseau, E. Hartz, R. Gregg, L. Taylor (all KServicing) D. Kurzweil, S. Bratton
(all Greenberg) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss case
updates

0.1
2.4
0.4

0.1
0.1

0.2
0.2
0.4

0.4

0.4

1.2
0.5
0.2
2.5
0.4

0.2
0.2
0.2
2.4
0.1
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 22 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/16/2023

PROFESSIONAL
JN

03/16/2023

JN

03/16/2023
03/16/2023
03/16/2023
03/17/2023

TBT
TBT
TBT
AP

03/17/2023
03/17/2023

AP
JN

03/17/2023
03/17/2023

NL
NL

03/17/2023
03/17/2023
03/17/2023
03/17/2023
03/20/2023
03/20/2023
03/20/2023

NL
TBT
TBT
TBT
AP
AP
DCR

03/20/2023

JN

03/20/2023

NL

03/20/2023

TBT

03/20/2023
03/20/2023
03/20/2023
03/21/2023
03/21/2023

TBT
TBT
TBT
DCR
NL

03/21/2023

NL

03/21/2023
03/22/2023

TBT
AP

DESCRIPTION OF SERVICES
Attend Board call with C. Arthur, N. Hwangpo, L. Castillo (all Weil) L. Milner, ,
H. Loiseau, E. Hartz, R. Gregg, L. Taylor (all KServicing) D. Kurzweil, S. Bratton
(all Greenberg) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss case
updates
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, , H. Loiseau, D.
Evans (all KServicing) Z. Shapiro (all RLF) to discuss CUBI settlement and loan
transfer activities
Draft email to A. Perrella (AlixPartners) re: January MOR
Review draft January MOR from A. Perrella (AlixPartners)
Call with T. Thoroddsen, A. Perrella (all AlixPartners) to discuss January MOR
Attend call with J. Mullaney, T. Williams(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF reconciliation open items
Finalize Monthly Operating Report for circulation to internal team
Attend call with J. Mullaney, T. Williams(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF reconciliation open items
Update excess SALT and Out-of-Pocket loan balances for PPPLF snapshot
Attend call with J. Mullaney, T. Williams(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF reconciliation open items
Review cash balances and cash collateral report for the week ended 3/10/23
Respond to L. Castillo (Weil) request re: payroll processing
Respond to L. Castillo (Weil) re: remaining discretionary bonus pool
Review revised January MOR from A. Perrella (AlixPartners)
Finalize February MOR for filing
Update PPPLF data to be sent to fed's advisors
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss PPPLF reconciliation, LTA exhibit A,
updated budget, and reporting timeline
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss PPPLF reconciliation, LTA exhibit A,
updated budget, and reporting timeline
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss PPPLF reconciliation, LTA exhibit A,
updated budget, and reporting timeline
Send correspondence to A. Perrella (AlixPartners) re: final adjustments to February
MOR
Send correspondence to A. Perrella (AlixPartners) re: February MOR
Review final draft of MOR from A. Perrella (AlixPartners)
Call with A. Suarez (Weil) to discuss February MOR
Respond to case emails re: CUBI settlement hearing
Prepare cash collateral budget variance report and permitted variance test for week
ended 3/17/23
Finalize cash collateral budget variance report and permitted variance test for week
ended 3/17/23
Review confirmation from T. Williams (KServicing) re: filing of February MOR
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of 3.10 PPPLF
reconciliation

HOURS
0.5

0.5
0.1
0.3
0.1
0.4
1.6
0.4
2.3
0.4
2.3
0.1
0.2
0.1
1.6
1.1
0.5
0.5
0.5
0.1
0.1
0.4
0.1
0.8
2.5
2.4
0.1
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 23 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/22/2023
03/22/2023
03/22/2023
03/22/2023

PROFESSIONAL
AP
AP
DCR
JN

03/22/2023
03/22/2023

JN
NL

03/22/2023
03/22/2023
03/22/2023
03/23/2023
03/23/2023

NL
NL
NL
AP
DCR

03/23/2023
03/23/2023

DCR
JN

03/23/2023
03/23/2023
03/24/2023

NL
NL
AP

03/24/2023
03/24/2023

NL
NL

03/24/2023
03/24/2023
03/24/2023
03/27/2023
03/27/2023

NL
NL
TBT
AP
AP

03/27/2023

DCR

03/27/2023
03/27/2023

DCR
JN

DESCRIPTION OF SERVICES
Develop remittance report to be shared with Fed's advisors
Update loan listing analysis for remittance report
Respond to case emails re: CUBI settlement hearing
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of 3.10 PPPLF
reconciliation
Review board update materials
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of 3.10 PPPLF
reconciliation
Finalize Fed remittance report for week ended 3/17/23
Review Fed remittance report for week ended 3/17/23
Prepare KServicing remittance loan detail report for week ended 3/17/23
Prepare cash collateral report to be sent to Federal Reserve's advisors
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, H. Loiseau, D.
Evans, T. Williams (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to CUBI dispute, loan transfer activities, and legacy loan
sale process
Respond to case emails re: Loan Transition Agreement Exhibit A
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, H. Loiseau, D.
Evans, T. Williams (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to CUBI dispute, loan transfer activities, and legacy loan
sale process
Review updated PPPLF data and reconcile to updated list from Fed Advisors
Review updated noticing list of PPPLF borrowers
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash
collateral report for week ended 3/17/23
Review cash balances and cash collateral report for the week ended 3/17/23
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash
collateral report for week ended 3/17/23
Update excess SALT and Out-of-Pocket loan balances for PPPLF snapshot
Prepare updated PPPLF Snapshot as of 3/23/23
Respond to V. Liu (RLF) re: fee statements
Update loan listing analysis for remittance report
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation next steps and legacy loan sale updates
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, H. Loiseau, D. Evans
(all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson, N. LoBiondo
(all AlixPartners) to discuss Doja update, winddown officer onboarding, and cash
collateral order
Respond to case emails re: winddown officer onboarding
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, H. Loiseau, D. Evans
(all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson, N. LoBiondo
(all AlixPartners) to discuss Doja update, winddown officer onboarding, and cash
collateral order

HOURS
0.8
2.3
0.4
0.5
0.4
0.5
2.3
2.1
2.4
2.3
0.7

0.3
0.7

1.1
0.8
0.4
2.2
0.4
1.5
1.0
0.1
2.3
0.4
0.5

0.5
0.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 24 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/27/2023

PROFESSIONAL
JN

03/27/2023

NL

03/27/2023

NL

03/28/2023
03/28/2023

AP
DCR

03/28/2023

JN

03/28/2023

NL

03/28/2023

NL

03/28/2023

NL

03/28/2023

TBT

03/28/2023
03/28/2023
03/28/2023

TBT
TBT
TBT

03/29/2023

AP

03/29/2023

DCR

03/29/2023

JN

03/29/2023

JN

03/29/2023

JN

03/29/2023

NL

03/29/2023

NL

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation next steps and legacy loan sale updates
Attend call with C. Arthur, N. Hwangpo (all Weil) L. Milner, H. Loiseau, D. Evans
(all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson, N. LoBiondo
(all AlixPartners) to discuss Doja update, winddown officer onboarding, and cash
collateral order
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation next steps and legacy loan sale updates
Update loan listing analysis for remittance report
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review updated cash collateral budget
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review updated cash collateral budget
Prepare cash collateral budget variance report and permitted variance test for week
ended 3/24/23
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review updated cash collateral budget
Finalize cash collateral budget variance report and permitted variance test for week
ended 3/24/23
Review certification of counsel regarding order enforcing the settlement agreement
between KServicing and Customer Bank
Review correspondence from T. Williams (KServicing) re: IRS communications
Review update from T. Bullet (Windham Brannon) re: IRS refund
Review order enforcing settlement order and settlement agreement with Customer
Bank
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report and permitted variance test for the
week ended 3/24/23
Attend call with N. Hwangpo, C. Bentley (all Weil) Z. Shapiro (RLF) to discuss
loan transfer process and legacy loan servicing
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report and permitted variance test for the
week ended 3/24/23
Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items
Prepare KServicing remittance loan detail report for week ended 3/24/23

HOURS
0.4
0.5

0.4
1.5
0.5
0.5
2.3
0.5
2.3
0.2
0.1
0.1
0.1
0.5
0.3
0.3
0.5
0.3
0.5
0.8


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 25 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
03/29/2023

PROFESSIONAL
NL

03/29/2023
03/29/2023
03/30/2023
03/30/2023

NL
TBT
AP
JN

03/31/2023

JN

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance report and permitted variance test for the
week ended 3/24/23
Review Fed remittance report for week ended 3/24/23
Send summary of discretionary KERP payments to N. LoBiondo (AlixPartners)
Prepare cash collateral report to be sent to Federal Reserve's advisors
Attend Board call with C. Arthur, C. Bentley, N. Hwangpo (all Weil) D. Kurzweil,
M. Petrie (all Greenberg) L. Milner, S. Kafiti, H. Loiseau, E. Hartz, R. Gregg, L.
Taylor (all KServicing) J. Nelson (AlixPartners) to discuss case updates
Attend call with J. Foster (Resolute) B. Cosman (Perkins Coie) N. Hwangpo, C.
Bentley (all Weil) K. Ross, T. Kessler (all Cleary) to discuss case background and
winddown budget

HOURS
0.3
2.4
0.1
2.2
0.6
1.3
150.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 26 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5
RATE
$1,220
$1,020
$950
$860
$605
$605

HOURS
10.1
12.1
5.6
0.4
44.0
78.3
150.5

$

$

FEES
12,322.00
12,342.00
5,320.00
344.00
26,620.00
47,371.50
104,319.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 27 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

CFO Support
20006554P00002.1.6

DATE
03/15/2023

PROFESSIONAL
NL

03/24/2023

AP

03/28/2023
AP
03/29/2023
JN
03/30/2023
JN
Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updates to
professional fee estimates
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updates to
professional fee estimates
Update professional fee budget analysis for board discussion
Prepare budget review materials for meeting with KServicing management
Prepare budget review materials for meeting with KServicing management

HOURS
0.3
0.5
0.8
0.9
0.4
2.9


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 28 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

CFO Support
20006554P00002.1.6
RATE
$1,020
$605
$605

HOURS
1.3
1.3
0.3
2.9

$

$

FEES
1,326.00
786.50
181.50
2,294.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 29 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
03/01/2023
03/03/2023

PROFESSIONAL
JN
DCR

03/03/2023

JN

03/03/2023

NL

03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/04/2023
03/04/2023

TBT
TBT
TBT
TBT
TBT
TBT

03/04/2023

TBT

03/04/2023

TBT

03/04/2023
03/06/2023

TBT
TBT

03/06/2023
03/06/2023
03/06/2023
03/06/2023

TBT
TBT
TBT
TBT

03/06/2023

TBT

03/07/2023

JN

03/07/2023

NL

03/07/2023

NL

03/07/2023
03/07/2023

TBT
TBT

03/07/2023

TBT

03/07/2023

TBT

DESCRIPTION OF SERVICES
Prepare draft of loan transfer agreement loan schedule exhibit
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss updated cash collateral budget, servicing
pause timeline, transition updates, and other diligence matters
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss updated cash collateral budget, servicing
pause timeline, transition updates, and other diligence matters
Attend call with M. Kennedy, J. Ellis (all Chilmark) D. Rieger-Paganis, J. Nelson,
N. LoBiondo (all AlixPartners) to discuss updated cash collateral budget, servicing
pause timeline, transition updates, and other diligence matters
Review draft voting declaration from K. Steverson (Omni)
Review correspondence from K. Steverson (Omni) re: voting declaration
Respond to C. Bentley (Weil) re: updated assumption list for plan supplement
Call with S. Kafiti (KServicing) to discuss contract rejection for plan supplement
Review response from C. Bentley (Weil) re: plan supplements
Review draft plan assumption and rejection schedules from A. Perrella
(AlixPartners)
Send draft assumption and rejection schedules to S. Kafiti (KServicing), C. Bentley
(Weil) and others for their review
Send correspondence to S. Kafiti (KServicing), C. Bentley (Weil) and others re:
supplemental plan schedules
Review additional correspondence from S. Kafiti (KServicing) re: plan supplements
Send correspondence to K. Steverson (Omni) re: draft assumption and rejection
schedules
Review updated assumption and rejection schedules for plan supplement
Review updates from S. Kafiti (KServicing) re: assumption and rejection schedules
Review correspondence from N. Hwangpo (Weil) re: confirmation hearing
Send correspondence to C. Bentley (Weil), S. Kafiti (KServicing) re: open items for
plan supplements for assumption and rejection schedules
Review correspondence from C. Bentley (Weil) re: Dynamic Recovery Solutions
LLC to be added to assumption schedule
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated
budget for hypothetical effective date delay and Plan Confirmation Declaration
open items
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated
budget for hypothetical effective date delay and Plan Confirmation Declaration
open items
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss Plan
Confirmation Declaration open items and comments
Review declaration of Deborah Rieger-Paganis re: disclosure statement preparation
Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss confirmation hearing and
updated schedules, claims process, updated budget for hypothetical effective date
delay and general project updates
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss Plan
Confirmation Declaration open items and comments
Respond to M. Milana (RLF) re: certain contracts on rejection schedule

HOURS
1.0
0.9
0.9
0.9
0.1
0.1
0.1
0.2
0.1
0.5
0.1
0.1
0.2
0.1
0.3
0.2
0.1
0.2
0.1
0.6
0.6
0.4
1.3
1.1

0.4
0.1


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 30 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
03/07/2023
03/08/2023

PROFESSIONAL
TBT
DCR

03/08/2023

DCR

03/08/2023

JN

03/08/2023

JN

03/08/2023

JN

03/08/2023
03/08/2023

NL
NL

03/08/2023

NL

03/08/2023

NL

03/08/2023

NL

03/08/2023

TBT

03/08/2023

TBT

03/09/2023

JN

03/09/2023

NL

03/09/2023

NL

03/09/2023

TBT

03/09/2023

TBT

03/09/2023

TBT

03/13/2023
LMB
03/13/2023
TBT
03/13/2023
TBT
03/14/2023
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Compare current claims versus claims analysis in disclosure statement
Attend working session with D. Rieger-Paganis, J. Nelson, N. LoBiondo, T.
Thoroddsen (partial) (all AlixPartners) to review and update Plan Confirmation
Declaration
Attend call with N. Hwangpo, C. Bentley (both Weil) D. Rieger-Paganis, J. Nelson
(both AlixPartners) to discuss Plan Confirmation Declaration comments
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss and respond
to initial comments on AlixPartners Plan Confirmation Declaration
Attend call with N. Hwangpo, C. Bentley (both Weil) D. Rieger-Paganis, J. Nelson
(both AlixPartners) to discuss Plan Confirmation Declaration comments
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) o discuss and respond to
additional comments on AlixPartners Plan Confirmation Declaration
Review and update Plan Confirmation Declaration
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) o discuss and respond to
additional comments on AlixPartners Plan Confirmation Declaration
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss and respond
to initial comments on AlixPartners Plan Confirmation Declaration
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to review
comments on claims for the AlixPartners Plan Confirmation Declaration
Attend working session with D. Rieger-Paganis, J. Nelson, N. LoBiondo, T.
Thoroddsen (partial) (all AlixPartners) to review and update Plan Confirmation
Declaration
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to review
comments on claims for the AlixPartners Plan Confirmation Declaration
Attend working session with D. Rieger-Paganis, J. Nelson, N. LoBiondo, T.
Thoroddsen (partial) (all AlixPartners) to review and update Plan Confirmation
Declaration
Working session with J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to
finalize updates to Plan Confirmation Declaration
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss final updates
to Plan Confirmation Declaration
Working session with J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to
finalize updates to Plan Confirmation Declaration
Working session with J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to
finalize updates to Plan Confirmation Declaration
Send comments to D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) re:
latest declaration draft
Review updated declaration for D. Rieger-Paganis (AlixPartners) from L. Castillo
(Weil)
Review proposed form of Confirmation Order
Review 2nd amended agenda for confirmation hearing
Review amended agenda for confirmation hearing
Review certification of counsel regarding confirmation order

HOURS
0.9
2.3
0.4
1.0
0.4
0.7
1.1
0.7
1.0
0.6
2.3
0.6
1.0
0.4
0.2
0.4
0.4
0.2
0.4
0.2
0.1
0.1
0.6
26.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 31 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
Nicholas LoBiondo
Lisa Marie Bonito
Total Professional Hours and Fees

Plan & Disclosure Statement
20006554P00002.1.9
RATE
$1,220
$1,020
$950
$605
$500

HOURS
3.6
5.0
9.7
8.2
0.2
26.7

$

$

FEES
4,392.00
5,100.00
9,215.00
4,961.00
100.00
23,768.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 32 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Transaction Support
20006554P00002.1.10

DATE
03/01/2023
03/01/2023
03/01/2023
03/02/2023
03/02/2023

PROFESSIONAL
JN
JN
JN
JN
JN

03/02/2023

JN

03/02/2023

JMK

03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/06/2023

AP
JN
JN
JMK
JMK
JMK

03/07/2023

JN

03/07/2023

JN

03/07/2023
03/07/2023
03/07/2023

JN
JN
JMK

03/07/2023

JMK

03/07/2023

JMK

03/07/2023

JMK

03/08/2023
03/08/2023

JN
JMK

03/09/2023

JN

03/09/2023
03/09/2023

JN
JN

03/09/2023

JMK

03/10/2023

JMK

DESCRIPTION OF SERVICES
Attend call with S. Kafiti (KServicing) to discuss legacy loan sale process
Prepare due diligence information for legacy loan sale potential buyers
Attend call to discuss legacy loan sale process with potential bidder
Prepare updates to legacy loan sale process planning document
Attend call with L. Rinaldi, B. Ziegler (all Celtic Bank), S. Kafiti (KServicing) to
discuss legacy loan sale process
Attend call with potential bidder with S. Kafiti (KServicing) to discuss legacy loan
sale process
Coordination of buyer diligence process and deliverable tracking re SMB loan
portfolio sale
Review legacy loan transition diligence
Prepare due diligence information for legacy loan sale potential buyers
Attend call with C. Bentley (Weil) to discuss legacy loan sale process
Update deliverable tracking re SMB loan portfolio sale
Coordination of buyer diligence process re SMB loan portfolio sale
Coordination of buyer diligence and preparation of responses re legacy loan sale
process
Attend call with potential bidder, C. Bentley (all Weil) J. Nelson, J. Katsigeorgis
(all AlixPartners) re: legacy loan sale diligence
Attend call with S. Kafiti, P. Greene, J. Mullaney, T. Williams, S. Haliburton (all
KServicing) L. Castillo(all Weil) J. Nelson, J. Katsigeorgis (all AlixPartners) to
discuss legacy loan process
Attend with S. Kafiti (KServicing) call to discuss legacy loan sale process
Attend call with potential legacy loan portfolio bidder
Attend call with potential bidder, C. Bentley (all Weil) J. Nelson, J. Katsigeorgis
(all AlixPartners) re: legacy loan sale diligence
Attend call with C. Bentley (Weil) J. Nelson, J. Katsigeorgis (all AlixPartners) re:
legacy loan sale diligence
Attend call with S. Kafiti, P. Greene, J. Mullaney, T. Williams, S. Haliburton (all
KServicing) L. Castillo(all Weil) J. Nelson, J. Katsigeorgis (all AlixPartners) to
discuss legacy loan process
Coordination of buyer diligence and preparation of responses re legacy loan sale
process
Revise legacy loan diligence items for posting to data room
Coordination of buyer diligence and preparation of responses re legacy loan sale
process
Attend follow-up call with potential legacy loan portfolio bidder with S. Kafiti
(KServicing) re: due diligence
Revise legacy loan diligence items for posting to data room
Attend follow-up call with a second potential legacy loan portfolio bidder with S.
Kafiti (KServicing) re: due diligence
Coordination of buyer diligence and preparation of responses re legacy loan sale
process
Coordination of buyer diligence and preparation of responses re legacy loan sale
process

HOURS
0.4
0.7
0.3
0.4
0.5
0.5
3.0
0.9
1.2
0.1
1.2
2.3
3.0
0.3
1.6
0.2
0.5
0.3
0.3
1.6
1.2
1.4
2.5
0.2
1.1
0.6
3.0
3.0


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 33 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Transaction Support
20006554P00002.1.10

DATE
03/14/2023

PROFESSIONAL
DCR

03/14/2023

JN

03/14/2023

JMK

03/14/2023

JMK

03/15/2023
03/15/2023
03/15/2023
03/15/2023

JN
JN
JN
JN

03/15/2023

JMK

03/15/2023

JMK

03/17/2023

AP

03/17/2023

JN

03/21/2023

AP

03/21/2023
03/21/2023
03/21/2023

AP
JN
JN

03/21/2023

JN

03/22/2023
03/22/2023
03/22/2023
03/23/2023
03/23/2023
03/23/2023
03/24/2023

AP
JN
JN
JN
JN
JN
AP

03/24/2023

JN

03/27/2023
03/27/2023
03/27/2023

AP
JN
JN

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, T. Williams, S. Kafiti, D. Evans, P. Greene(all
KServicing) L. Castillo, C. Bentley(all Weil) D. Rieger-Paganis , J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss legacy loan sale process
Attend call with J. Mullaney, T. Williams, S. Kafiti, D. Evans, P. Greene(all
KServicing) L. Castillo, C. Bentley(all Weil) D. Rieger-Paganis , J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss legacy loan sale process
Attend call with J. Mullaney, T. Williams, S. Kafiti, D. Evans, P. Greene(all
KServicing) L. Castillo, C. Bentley(all Weil) D. Rieger-Paganis , J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss legacy loan sale process
Coordination of legacy loan sale process diligence and responses to potential
purchaser questions
Attend call with S. Kafiti (KServicing) to discuss legacy loan sale process
Revise legacy loan diligence items for posting to data room
Prepare updates to legacy loan sale process planning document
Attend call with S. Kafiti (KServicing) J. Nelson, J. Katsigeorgis (all AlixPartners)
to discuss potential legacy loan sale with a confidential potential bidder
Coordination of legacy loan sale process diligence and responses to potential
purchaser questions
Attend call with S. Kafiti (KServicing) J. Nelson, J. Katsigeorgis (all AlixPartners)
to discuss potential legacy loan sale with a confidential potential bidder
Attend call with S. Kafiti, P. Greene (all KServicing) J. Nelson, A. Perrella (all
AlixPartners) to discuss legacy loan due diligence items
Attend call with S. Kafiti, P. Greene (all KServicing) J. Nelson, A. Perrella (all
AlixPartners) to discuss legacy loan due diligence items
Attend call with S. Kafiti, P. Greene, J. Kearney, L. Cherrix (all KServicing) J.
Nelson, A. Perrella (partial) (all AlixPartners) to discuss legacy loan data transfer
Review legacy loan transition diligence tracker for responses
Attend call with S. Kafiti (KServicing) to discuss legacy loan sale process
Attend call with S. Kafiti (KServicing) L. Rinaldi (Celtic) to discuss legacy loan
sale process
Attend call with S. Kafiti, P. Greene, J. Kearney, L. Cherrix (all KServicing) J.
Nelson, A. Perrella (partial) (all AlixPartners) to discuss legacy loan data transfer
Review legacy loan transition diligence tracker for responses
Prepare responses to legacy loan potential bidder due diligence requests
Attend call with S. Kafiti (KServicing) to discuss legacy loan sale process
Prepare responses to legacy loan potential bidder due diligence requests
Attend call with D. Evans (KServicing) to discuss legacy loan data transfer
Attend call with N. Hwangpo (Weil) to discuss legacy loan sale process
Attend call with P. Greene, C. Bergmark, J. Arnold, L. Cherrix (all KServicing) J.
Nelson, A. Perrella (all AlixPartners) to discuss legacy loan data transfer
Attend call with P. Greene, C. Bergmark, J. Arnold, L. Cherrix (all KServicing) J.
Nelson, A. Perrella (all AlixPartners) to discuss legacy loan data transfer
Review legacy loan portfolio re: active loans to be transferred
Attend call with C. Bentley (Weil) to discuss legacy loan sale process
Attend call with L. Emory-Cherrix (KServicing) to debrief following potential
legacy loan servicing transfer call

HOURS
0.6
0.6
0.6
3.0
0.2
1.1
0.6
0.5
2.5
0.5
0.7
0.7
0.9
0.8
0.5
0.8
1.0
1.4
0.7
0.4
1.2
0.8
0.2
0.5
0.5
2.1
0.3
0.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 34 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Transaction Support
20006554P00002.1.10

DATE
03/27/2023

PROFESSIONAL
JN

03/27/2023

JN

03/28/2023

AP

03/28/2023
03/28/2023

AP
JN

03/29/2023
03/29/2023
03/30/2023
03/31/2023

AP
JN
JN
JN

03/31/2023

JN

03/31/2023
03/31/2023
03/31/2023

JN
JN
JN

03/31/2023

JN

03/31/2023

JN

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with J. Nelson, A. Perrella (all AlixPartners) to discuss legacy loan sale
due diligence requests
Attend call with C. Shuler (Vervent) L. Emory-Cherrix (KServicing) to discuss
potential legacy loan servicing transfer
Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, P. Greene (all KServicing)
J. Nelson, A. Perrella (all AlixPartners) to discuss legacy loan servicing transfer
process
Review legacy loan transition diligence tracker for responses
Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, P. Greene (all KServicing)
J. Nelson, A. Perrella (all AlixPartners) to discuss legacy loan servicing transfer
process
Update cash flow analysis on legacy loan portfolio
Prepare responses to legacy loan potential bidder due diligence requests
Conduct research regarding alternate loan servicers for legacy portfolio
Attend call with L. Emory-Cherrix (KServicing) J. Nelson, A. Perrella (all
AlixPartners) to discuss legacy loan servicing transfer
Attend call with S. Kafiti (KServicing) J. Nelson (AlixPartners) to discuss legacy
loan servicing transfer proposal
Prepare financial analysis of loan servicer proposal
Prepare responses to legacy loan portfolio due diligence questions/requests
Attend call with L. Emory-Cherrix (KServicing) to discuss legacy loan servicing
transfer proposal
Attend call with D. Evans, L. Emory-Cherrix, P. Greene (all KServicing) to discuss
legacy loan servicing transfer
Attend call with C. Shuler (Vervent) L. Emory-Cherrix (KServicing) to discuss
legacy loan servicing transfer proposal

HOURS
0.4
0.6
0.8
1.2
0.8
1.4
1.0
1.1
0.3
0.2
1.8
1.7
0.3
0.6
0.7
69.6


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 35 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
John M Katsigeorgis
Anthony Perrella
Total Professional Hours and Fees

Transaction Support
20006554P00002.1.10
RATE
$1,220
$1,020
$860
$605

HOURS
0.6
30.3
28.0
10.7
69.6

$

$

FEES
732.00
30,906.00
24,080.00
6,473.50
62,191.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 36 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Testimony
20006554P00002.1.12

DATE
PROFESSIONAL
03/09/2023
DCR
03/11/2023
DCR
03/11/2023
DCR
03/11/2023
DCR
03/12/2023
DCR
Total Professional Hours

DESCRIPTION OF SERVICES
Review my declaration and provide comments
Prepare for confirmation hearing re: first day declaration
Prepare for confirmation hearing re: cash collateral reporting
Prepare for confirmation hearing re: loan diligence
Read documents to prepare for testimony in Confirmation hearing

HOURS
0.6
2.5
2.8
2.7
2.5
11.1


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 37 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
Total Professional Hours and Fees

Testimony
20006554P00002.1.12
RATE
$1,220

HOURS
11.1
11.1

$
$

FEES
13,542.00
13,542.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 38 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Vendor Management
20006554P00002.1.13

DATE
03/01/2023

PROFESSIONAL
NL

03/01/2023

TBT

03/02/2023

TBT

03/02/2023
03/03/2023
03/06/2023

TBT
TBT
TBT

03/06/2023
03/07/2023
03/13/2023

TBT
TBT
TBT

03/15/2023
03/15/2023
03/15/2023

NL
TBT
TBT

03/16/2023
03/16/2023
03/19/2023
03/19/2023
03/23/2023
03/23/2023
03/24/2023

TBT
TBT
TBT
TBT
NL
TBT
TBT

03/27/2023
03/27/2023
03/27/2023
03/28/2023
03/29/2023
03/29/2023
03/30/2023
03/30/2023
03/31/2023
03/31/2023

TBT
TBT
TBT
TBT
TBT
TBT
NL
TBT
TBT
TBT

03/31/2023

TBT

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
professional fee invoice split for upcoming payment
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
professional fee invoice split for upcoming payment
Review correspondence from A. Suarez (Weil) re: communications with
Biz2Credit counsel
Review correspondence from L. Francois (KServicing) re: this week's payments
Review correspondence from I. Naraine (KServicing) re: CSC invoices
Review correspondence from T. Williams (KServicing) re: payments for tax return
extensions
Review correspondence from T. Williams (KServicing) re: certain vendor payment
Review correspondence from T. Williams (KServicing) re: credit card payments
Review correspondence from T. Williams (KServicing) re: certain pre-petition
invoices
Review vendor invoices for AP check run
Respond to I. Naraine (KServicing) re: Omni invoices
Send correspondence to A. Suarez (Weil) re: paid Alston & Bird invoice as
requested
Review payment request for Willis Tower from L. Castillo (Weil)
Send correspondence to L. Castillo (Weil) and others re: payment to Willis Towers
Summarize net balance with Biz2Credit as requested by S. Kafiti (KServicing)
Respond to S. Kafiti (KServicing) re: net AR with Biz2Credit
Review vendor invoices for AP check run
Review correspondence from N. LoBiondo (AlixPartners) re: current payments
Review correspondence from T. Williams (KServicing) re: payment of certain prepetition invoices
Review correspondence from L. Castillo (Weil) re: upcoming events
Review correspondence from I. Naraine (KServicing) re: CSC
Respond to N. LoBiondo (AlixPartners) re: CSC payments
Review correspondence from S. Kafiti (KServicing) re: Goodwin invoices
Send correspondence to Z. Shapiro (RLF) re: professional fee payments
Review correspondence from T. Williams (KServicing) re: board fees
Review vendor invoices for AP check run
Review correspondence from N. LoBiondo (AlixPartners) re: current payables
Draft email to N. LoBiondo (AlixPartners) re: interim compensation
Review correspondence from N. LoBiondo (AlixPartners) re: summary of
professional fees to be paid
Review correspondence from A. Suarez (Weil) re: payments of interim
compensation fees and expenses

HOURS
0.3
0.3
0.1
0.1
0.1
0.1
0.1
0.1
0.1
2.7
0.1
0.1
0.1
0.1
0.2
0.1
2.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
2.2
0.1
0.1
0.1
0.1
10.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 39 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Thora B Thoroddsen
Nicholas LoBiondo
Total Professional Hours and Fees

Vendor Management
20006554P00002.1.13
RATE
$950
$605

HOURS
2.9
7.3
10.2

$
$

FEES
2,755.00
4,416.50
7,171.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 40 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Executory Contracts
20006554P00002.1.14

DATE
03/01/2023
03/02/2023
03/02/2023
03/02/2023
03/02/2023

PROFESSIONAL
TBT
AP
TBT
TBT
TBT

03/02/2023
03/03/2023
03/03/2023

TBT
AP
JN

03/03/2023

NL

03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/03/2023
03/03/2023

TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT

03/04/2023

AP

03/04/2023
03/04/2023

AP
TBT

03/04/2023

TBT

03/06/2023

AP

03/06/2023

AP

03/06/2023

AP

03/06/2023

TBT

03/06/2023

TBT

03/06/2023
03/06/2023
03/07/2023
03/15/2023

TBT
TBT
AP
TBT

DESCRIPTION OF SERVICES
Review correspondence from S. Kafiti (KServicing) re: blackline
Review IP contracts rejection list
Review updates from K. Kafiti (KServicing) re: blackline contract
Review correspondence from C. Bentley (Weil) re: rejection effective date
Send correspondence to S. Kafiti, S. Moss (both KServicing) re: contracts to be
reviewed for potential assumption or rejection
Review analysis done for executory contracts to recommend next steps
Update contract assumption list per comments from company finance team
Attend call with C. Bentley (Weil) Z. Shapiro (Richards, Layton & Finger) J.
Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss the contract
assumption and rejection list
Attend call with C. Bentley (Weil) Z. Shapiro (Richards, Layton & Finger) J.
Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss the contract
assumption and rejection list
Review correspondence from L. Milner (KServicing) re: TSA agreement
Review correspondence from C. Bentley (Weil) re: rejection of TSA agreement
Review correspondence from J. Kearney (KServicing) re: AWS
Review correspondence from D. Evans (KServicing) re: rejection of TSA
Review correspondence from C. Bentley (Weil) re: AWS
Review correspondence from C. Bentley (Weil) re: rejection of certain contract
Send correspondence to J. Kearney (KServicing) re: AWS
Attend call with C. Bentley (Weil) Z. Shapiro (Richards, Layton & Finger) J.
Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss the contract
assumption and rejection list
Working session with T. Thoroddsen, A. Perrella (both AlixPartners) to review
supplemental exhibits for assumption and rejection of IP contracts
Update supplemental exhibits for assumption and rejection of IP contracts
Working session with T. Thoroddsen, A. Perrella (both AlixPartners) to review
supplemental exhibits for assumption and rejection of IP contracts
Review analysis from S. Kafiti (KServicing) re: contracts for assumptions or
rejections
Attend call with Z. Shapiro (all Richards, Layton & Finger) C. Bentley (all Weil) S.
Kafiti, D. Evans, S. Moss, T. Williams (all KServicing) T. Thoroddsen, A. Perrella
(all AlixPartners) to discuss status of contract assumption and rejection schedule
Working session with T. Thoroddsen, A. Perrella (both AlixPartners) to review
supplemental exhibits for assumption and rejection of IP contracts
Update contract assumptions and rejections lists based on comments from team for
filing
Attend call with Z. Shapiro (Richards, Layton & Finger) C. Bentley (Weil) S.
Kafiti, D. Evans, S. Moss, T. Williams (all KServicing) T. Thoroddsen, A. Perrella
(all AlixPartners) to discuss status of contract assumption and rejection schedule
Working session with T. Thoroddsen, A. Perrella (both AlixPartners) to review
supplemental exhibits for assumption and rejection of IP contracts
Review summary from A. Perrella (AlixPartners) re: salesforce contracts
Review information provided by Salesforce regarding outstanding contracts
Review specific contract for noticing of rejection
Review correspondence from S. Kafiti (KServicing) re: Experian

HOURS
0.1
1.4
0.1
0.1
0.1
0.3
1.7
0.9
0.9
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.9
0.3
1.2
0.3
0.4
0.9
0.7
2.4
0.9
0.7
0.2
0.2
0.4
0.1


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 41 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Executory Contracts
20006554P00002.1.14

DATE
03/17/2023
03/23/2023
03/24/2023
03/24/2023

PROFESSIONAL
TBT
TBT
TBT
TBT

03/27/2023
03/28/2023
03/29/2023

TBT
TBT
TBT

03/31/2023
TBT
03/31/2023
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Review correspondence from S. Moss (KServicing) re: TrustArc renewal
Review correspondence from D. Evans (KServicing) re: blackline renewal
Review correspondence from S. Kafiti (KServicing) re: contract assumptions
Review contract review files to respond to S. Kafiti (KServicing) question
regarding certain contract status
Review correspondence from K. Kobbe (DLA Piper LLP) re: Biz2Credit
Review update from T. Williams (KServicing) re: Blackline renewal status
Review update from S. Moss (KServicing) re: agreed upon 2 month renewal from
Blackline
Respond to L. Castillo (Weil) re: potential amendment to contract cure schedule
Respond to J. Nelson (AlixPartners) re: cure payments

HOURS
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.1
16.9


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 42 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Thora B Thoroddsen
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Executory Contracts
20006554P00002.1.14
RATE
$1,020
$950
$605
$605

HOURS
0.9
6.1
9.0
0.9
16.9

$

$

FEES
918.00
5,795.00
5,445.00
544.50
12,702.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 43 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
03/01/2023
03/01/2023
03/02/2023
03/02/2023
03/02/2023
03/03/2023
03/03/2023

PROFESSIONAL
AP
TBT
AP
TBT
TBT
AP
TBT

03/03/2023
03/03/2023

TBT
TBT

03/03/2023
03/06/2023

TBT
TBT

03/06/2023

TBT

03/06/2023

TBT

03/07/2023
03/07/2023
03/07/2023
03/08/2023

AP
TBT
TBT
AP

03/08/2023
03/08/2023

AP
TBT

03/08/2023

TBT

03/08/2023

TBT

03/10/2023
03/10/2023
03/10/2023
03/11/2023
03/12/2023
03/12/2023
03/12/2023
03/13/2023
03/13/2023

AP
AP
AP
TBT
TBT
TBT
TBT
AP
TBT

03/13/2023
03/13/2023
03/13/2023
03/13/2023
03/13/2023

TBT
TBT
TBT
TBT
TBT

03/13/2023

TBT

DESCRIPTION OF SERVICES
Review borrower claims re: communications and data for objections
Review correspondence from S. Moss (KServicing) re: borrower claims data
Review borrower claims re: communications and data for objections
Respond to N. Hwangpo (Weil) re: Major, Lindsey & Africa invoices
Research company's records to respond to certain claimant inquiry
Review borrower claims re: communications and data for objections
Review correspondence from N. Hwangpo (Weil) re: communication with counsel
for certain claimant
Review correspondence from K. Steverson (Omni) re: updated claims register
Review correspondence from Z. Shapiro (RLF) re: certain response related to
certain satisfied claim
Review correspondence from L. Castillo (Weil) re: certain contract worker's claim
Review correspondence from S. Moss (KServicing) re: withdrawal from Delaware
related to claims filed by Delaware
Review correspondence from L. Castillo (Weil) re: inquiry from Major, Lindsey &
Africa’s counsel
Respond to L. Castillo (Weil) re: payments for certain employee related vendor as
related to pre-petition outstanding amounts
Review staffing agency invoices for claims rejections
Send additional correspondence to L. Castillo (Weil) re: MLA payment history
Review additional invoice data for certain admin claimant
Call with T. Thoroddsen, A. Perrella (all AlixPartners) to review next
reclassification objections
Review borrower claims for data request with company finance team
Send correspondence to L. Castillo (Weil) re: changes to schedules for 2nd
classification objections
Review declaration in support of 2nd reclassification objections draft from L.
Castillo (Weil)
Call with T. Thoroddsen, A. Perrella (all AlixPartners) to review next
reclassification objections
Review D&O and contracts claims for data request with company finance team
Review AP claims for data request with company finance team
Review borrower claims for data request with company finance team
Respond to D. Rieger-Paganis (AlixPartners) re: claims estimates
Respond to L. Castillo (Weil) re: next omnibus objection
Review correspondence from L. Castillo (Weil) re: next reclassification objection
Update claims analysis based on claims register from K. Steverson (Omni)
Review borrower claims for data backup
Follow up call discussing omnibus objection exhibits with L. Castillo (Weil) T.
Thoroddsen (AlixPartners)
Review claims register for classification of certain admin and priority claims
Call with L. Castillo (Weil) to discuss reclassification objection schedules
Send correspondence to K. Steverson (Omni) re: next omnibus objection schedules
Call with K. Steverson (Omni) to discuss omnibus objection schedules
Send correspondence to K. Steverson (Omni) re: validation of claims bar date
notification for certain vendor
Review updated claim omnibus objection schedules from L. Castillo (Weil)

HOURS
1.4
0.1
1.2
0.1
0.2
1.8
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.8
0.1
0.2
0.2
1.8
0.2
0.8
0.2
1.2
1.9
1.2
0.1
0.1
0.1
0.7
0.8
0.1
0.2
0.2
0.1
0.3
0.1
0.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 44 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
03/14/2023
03/14/2023
03/14/2023
03/14/2023

PROFESSIONAL
AP
AP
AP
TBT

03/14/2023
03/14/2023
03/14/2023

TBT
TBT
TBT

03/14/2023
03/14/2023
03/15/2023
03/15/2023
03/16/2023
03/17/2023
03/20/2023

TBT
TBT
TBT
TBT
AP
TBT
TBT

03/20/2023
03/24/2023
03/30/2023
03/30/2023
03/30/2023
03/30/2023
03/30/2023

TBT
TBT
TBT
TBT
TBT
TBT
TBT

03/30/2023
03/30/2023

TBT
TBT

03/30/2023

TBT

03/30/2023
03/30/2023

TBT
TBT

03/30/2023
03/30/2023

TBT
TBT

03/31/2023
03/31/2023

TBT
TBT

03/31/2023
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Develop borrower information data for notices
Review borrower claims for data backup
Analysis of new claim filed
Review updated declaration and schedules for 2nd omnibus reclassification
objections
Send response to L. Castillo (Weil) re: 2nd omnibus objections
Review 2nd omnibus objection filed
Send correspondence to J. Nelson, D. Rieger-Paganis (both AlixPartners) and
others re: admin bar date post effective date
Call with L. Castillo (Weil) to discuss 2nd omnibus objection exhibit for filing
Review updated 2nd omnibus objection draft from L. Castillo (Weil)
Send correspondence to L. Castillo (Weil) re: invoices for MLA as requested
Review correspondence from A. Perrella (AlixPartners) re: legacy borrower claims
Develop borrower information data for notices
Send correspondence to S. Moss (KServicing) re: withdrawal from DC
Review correspondence from S. Moss (KServicing) re: DC withdrawal affecting
claims
Review correspondence from K. Steverson (Omni) re: updated claims register
Review updated claims register from K. Steverson (Omni)
Send correspondence to K. Steverson (Omni) re: updated claims register
Respond to questions from S. Kafiti (KServicing) re: claims analysis
Review correspondence from K. Steverson (Omni) re: claims register
Review correspondence from C. Arthur (Weil) re: DOJ
Send final claims analysis to A. Pafford (McGuireWoods), K. Kafiti, H. Loiseau
(both KServicing), C. Arthur, N. Hwangpo (both Weil) and others
Update claims analysis based on updated information from S. Kafiti (KServicing)
Send updated claims analysis to K. Kafiti, H. Loiseau (both KServicing), C.
Arthur, N. Hwangpo (both Weil) as requested
Send correspondence to S. Kafiti (KServicing) and others re: requested claims
analysis
Update claims analysis as requested by S. Kafiti (KServicing)
Review correspondence from S. Kafiti (KServicing) re: updated claims analysis
needed
Telephone call with A. Pafford (McGuireWoods) re: claims analysis
Send correspondence to A. Perrella (AlixPartners) re: classification of certain
unknown status claims
Respond to S. Kafiti (KServicing) and others regarding claims objections
Review correspondence from H. Loiseau (KServicing) re: dismissal of Wiggins
matter
Call with L. Castillo (Weil) to discuss claims analysis

HOURS
1.4
0.4
0.4
0.6
0.1
0.1
0.1
0.1
0.4
0.1
0.1
1.5
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
2.1
0.1
0.1
0.1
0.1
0.1
0.1
26.5


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 45 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Thora B Thoroddsen
Anthony Perrella
Total Professional Hours and Fees

Claims Process / Avoidance Actions
20006554P00002.1.15
RATE
$950
$605

HOURS
10.5
16.0
26.5

$
$

FEES
9,975.00
9,680.00
19,655.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 46 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Adversary Proceedings & Contested Matters
20006554P00002.1.16

DATE
03/06/2023
03/06/2023
03/06/2023
03/07/2023

PROFESSIONAL
JN
JN
JN
JN

03/09/2023
JN
Total Professional Hours

DESCRIPTION OF SERVICES
Conduct research regarding loans with upcoming GP deadlines
Conduct research regarding GP/forgiveness loan processing history
Review CUBI 2004 motion and plan objections
Attend call with C. Bentley (Weil) J. Nelson, J. Katsigeorgis (all AlixPartners) re:
legacy loan sale diligence
Prepare summary of loans with upcoming GP submission deadlines

HOURS
1.1
0.8
0.9
0.3
1.2
4.3


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 47 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Total Professional Hours and Fees

Adversary Proceedings & Contested Matters
20006554P00002.1.16
RATE
$1,020

HOURS
4.3
4.3

$
$

FEES
4,386.00
4,386.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 48 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Preparation & Attend Court Hearing
20006554P00002.1.17

DATE
03/06/2023
03/07/2023
03/07/2023
03/08/2023

PROFESSIONAL
DCR
DCR
JN
JN

03/09/2023

JN

03/09/2023
03/09/2023
03/09/2023
03/09/2023
03/10/2023

JN
JN
JN
JN
DCR

03/10/2023
03/10/2023

JN
JN

03/11/2023
03/12/2023

JN
DCR

03/12/2023

JN

03/12/2023

TBT

03/13/2023

DCR

03/13/2023

DCR

03/13/2023

JN

03/13/2023
03/13/2023

JN
TBT

03/13/2023

TBT

03/20/2023
DCR
03/20/2023
JN
03/20/2023
TBT
03/22/2023
DCR
03/22/2023
JN
03/22/2023
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Review draft of my declaration
Review my first day declaration
Revise Rieger-Paganis declaration
Attend working session with D. Rieger-Paganis, J. Nelson, N. LoBiondo, T.
Thoroddsen (partial) (all AlixPartners) to review and update Plan Confirmation
Declaration
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss final updates
to Plan Confirmation Declaration
Review court filings in preparation for Confirmation Hearing
Review liquidation analysis in preparation for Confirmation Hearing
Revise Rieger-Paganis declaration
Review proposed confirmation filing brief
Attend with R. Slack, T. Tsekerides, N. Hwangpo, J. Ollestad (all Weil) D. RiegerPaganis, J. Nelson (all AlixPartners) re: Confirmation Hearing witness prep session
Review court filings in preparation for Confirmation Hearing
Attend with R. Slack, T. Tsekerides, N. Hwangpo, J. Ollestad (all Weil) D. RiegerPaganis, J. Nelson (all AlixPartners) re: Confirmation Hearing witness prep session
Review court filings in preparation for Confirmation Hearing
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend Confirmation Hearing with D. Rieger-Paganis, J. Nelson, T. Thoroddsen
(all AlixPartners)
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend Confirmation Hearing
Attend Confirmation Hearing with D. Rieger-Paganis, J. Nelson, T. Thoroddsen
(all AlixPartners)
Attend Confirmation Hearing prep session with D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners)
Attend CUBI settlement court hearing
Attend CUBI settlement court hearing
Listen to Court hearing regarding CUBI settlement (Partial)
Attend court hearing
Attend bankruptcy court hearing
Attend virtually court hearing regarding resolution of CUBI dispute

HOURS
0.8
1.1
1.2
2.3
0.2
1.5
0.9
0.7
0.5
1.0
1.1
1.0
1.3
4.0
4.0
4.0
2.5
2.0
2.0
2.5
2.5
2.0
4.2
4.2
3.2
0.2
0.5
0.3
51.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 49 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
Total Professional Hours and Fees

Preparation & Attend Court Hearing
20006554P00002.1.17
RATE
$1,220
$1,020
$950

HOURS
15.8
23.9
12.0
51.7

$

$

FEES
19,276.00
24,378.00
11,400.00
55,054.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 50 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Fee Statements & Fee Applications
20006554P00002.1.20

DATE
03/08/2023
03/13/2023
03/14/2023
03/15/2023
03/15/2023
03/15/2023
03/16/2023
03/20/2023
03/20/2023
03/20/2023
03/21/2023
03/23/2023
03/23/2023
03/24/2023
03/24/2023
03/27/2023
03/27/2023

PROFESSIONAL
LMB
LMB
LCV
AP
LCV
LMB
AP
AP
JN
LMB
LMB
LMB
LMB
JN
JN
HES
LMB

03/28/2023

ESK

03/28/2023
03/28/2023

LMB
LMB

03/31/2023
LMB
Total Professional Hours

DESCRIPTION OF SERVICES
Review first interim fee order
Prepare professional fees for February 2023 monthly fee application
Prepare professional fees for February 2023 monthly fee application
Update professional fees for February 2023 monthly fee application
Prepare professional fees for February 2023 monthly fee application
Prepare professional fees for February 2023 monthly fee application
Update professional fees for February 2023 monthly fee application
Finalize time descriptions for February fee application
Revise professional fees for February 2023 monthly fee application
Prepare professional fees for February 2023 monthly fee application
Prepare professional fees for February 2023 monthly fee application
Prepare schedule/exhibit workbook for February monthly fee application
Prepare Fifth Monthly Fee Application (February 2023)
Revise Fifth Monthly Fee Application (February 2023)
Update professional fees for Fifth Monthly Fee Application (February 2023)
Revise Fifth Monthly Fee Application (February 2023)
Revise and finalize Fifth Monthly Fee Statement, supporting schedules and exhibits
(February 2023)
Review AlixPartners’ Fifth Monthly Fee Application for the period February 1,
2023 through February 28, 2023
Finalize Fifth Monthly Fee Application, supporting schedules and exhibits
Email to N. Hwangpro (Weil) attaching the February 2023 Monthly Fee
Application for filing on the Court docket
Update fee application status chart

HOURS
0.2
0.8
1.8
1.6
1.7
0.5
1.1
1.3
1.5
1.3
1.0
0.8
1.4
0.8
0.7
0.4
0.7
0.2
0.4
0.2
0.2
18.6


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 51 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Elizabeth S Kardos
James Nelson
Heather E Saydah
Laura Capen Verry
Anthony Perrella
Lisa Marie Bonito
Total Professional Hours and Fees

Fee Statements & Fee Applications
20006554P00002.1.20
RATE
$800
$1,020
$550
$540
$605
$500

HOURS
0.2
3.0
0.4
3.5
4.0
7.5
18.6

$

FEES
160.00
3,060.00
220.00
1,890.00
2,420.00
3,750.00
11,500.00


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 52 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Loan Transfer Activities
20006554P00002.1.21

DATE
03/01/2023
03/01/2023
03/01/2023
03/01/2023

PROFESSIONAL
DCR
JN
JN
NL

03/02/2023

JN

03/03/2023
03/06/2023
03/06/2023

DCR
JN
JN

03/06/2023
03/07/2023

TBT
JN

03/08/2023

JN

03/09/2023

JN

03/10/2023

DCR

03/10/2023

DCR

03/10/2023

DCR

03/10/2023

DCR

03/10/2023

JN

03/10/2023

JN

03/10/2023

JN

DESCRIPTION OF SERVICES
$1,789
Attend call with M. Kennedy (Chilmark) to discuss loan transfer planning
Attend call with D. Evans (KServicing) to discuss loan transfer planning
Attend call with N. Hwangpo, C. Bentley (all Weil) D. Rieger-Paganis, N.
LoBiondo (all AlixPartners) to discuss transition plan updates and agenda for
transition team meeting
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, S. Kafiti,
J. Arnold, J. Kearney, D. Evans, C. Oduor (all KServicing) to discuss loan transfer
process updates
Review work plan documents
Review loan transition SOW drafts
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, S. Kafiti,
D. Evans, C. Oduor, J. Arnold (all KServicing) to discuss loan transfer planning
activities
Review CUBI 2004 Motion for Documents and Deposition re Service Transition
Attend call with C. Arthur, N. Hwangpo, C. Bentley, J. Friedman (all Weil) L.
Milner, S. Kafiti, D. Evans, C. Oduor, J. Kearney, J. Arnold (all KServicing) to
discuss loan transfer planning activities
Attend call with C. Arthur, N. Hwangpo, C. Bentley, J. Friedman (all Weil) L.
Milner, S. Kafiti, D. Evans, J. Kearney, J. Arnold (all KServicing) to discuss loan
transfer planning activities
Attend call with N. Hwangpo, C. Bentley, J. Friedman (all Weil) L. Milner, S.
Kafiti, D. Evans, C. Oduor, J. Kearney, J. Arnold (all KServicing) to discuss loan
transfer planning activities
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with the
SBA
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with the
PPPLF
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with CUBI
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with CRB
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with the
PPPLF
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with CRB
Attend call with J. Nelson, T. Thoroddsen (all AlixPartners) to discuss borrower
contact for noticing of transfer of services requested by J. Friedman (Weil)

HOURS
0.2
0.3
0.5
0.2
0.9
0.8
1.2
0.6
0.2
1.0
0.7
0.4
0.5

0.5

0.5
0.5
0.5

0.5
0.2


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 53 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Loan Transfer Activities
20006554P00002.1.21

DATE
03/10/2023

PROFESSIONAL
JN

03/10/2023

JN

03/10/2023

NL

03/10/2023

TBT

03/14/2023
03/14/2023
03/14/2023

JN
JN
JN

03/14/2023
03/15/2023
03/16/2023
03/16/2023
03/17/2023
03/19/2023

JN
JN
AP
JN
JN
TBT

03/21/2023
03/21/2023

JN
JN

03/21/2023

JN

03/21/2023
03/22/2023

JN
AP

03/22/2023

JN

03/22/2023

JN

03/22/2023
03/22/2023
03/22/2023

JN
JN
NL

03/23/2023

AP

DESCRIPTION OF SERVICES
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with the
SBA
Attend call with C. Arthur, N. Hwangpo, C. Bentley, T. Tsekerides, R. Slack (all
Weil) L. Milner, S. Kafiti, D. Evans, J. Kearney (all KServicing) D. RiegerPaganis, J. Nelson (all AlixPartners) to review Amex data transfer plans with CUBI
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review PPPLF data reconciliation and updated cash flow forecast
Attend call with J. Nelson, T. Thoroddsen (all AlixPartners) to discuss borrower
contact for noticing of transfer of services requested by J. Friedman (Weil)
Attend call with C. Bentley (Weil) to discuss Lendistry transition updates
Conduct research regarding Lendistry data mapping request
Attend call with C. Arthur, N. Hwangpo, T. Tsekerides, R. Slack (all Weil) L.
Milner, S. Kafiti, D. Evans, C. Oduor, J. Kearney (all KServicing) to discuss Amex
assistance with Lendistry transition
Attend call with M. Kennedy (Chilmark) to discuss Lendistry transition updates
Attend call with M. Kennedy (Chilmark) to discuss Lendistry transition updates
Review loan transition tracker
Develop PPPLF impacted borrowers list in support of Lendistry transition
Review preliminary loan list for loan transition agreement
Review correspondence from K. Steverson (Omni) re: affidavit of services for loan
transfer agreement
Attend call with M. Kennedy (Chilmark) to discuss loan transition process
Attend call with C. Arthur, N. Hwangpo, J. Friedman (all Weil) L. Milner, S.
Kafiti, D. Evans, T. Williams, C. Oduor, J. Kearney, J. Arnold (all KServicing) to
discuss loan transition updates
Attend call with C. Arthur, N. Hwangpo, J. Friedman (all Weil) L. Milner, S.
Kafiti, D. Evans, T. Williams, C. Oduor, J. Kearney, J. Arnold (all KServicing) to
discuss Amex data transfer
Review revised Loan Transfer Agreement
Attend call with Z. Shapiro (all RLF) C. Arthur, N. Hwangpo (all Weil) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss LTA and loan transfer
activities
Attend call with Z. Shapiro (all RLF) C. Arthur, N. Hwangpo (all Weil) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss LTA and loan transfer
activities
Attend call with C. Arthur, N. Hwangpo, J. Friedman (all Weil) L. Milner, S.
Kafiti, D. Evans, T. Williams, C. Oduor, J. Kearney, J. Arnold (all KServicing) to
discuss Lendistry data transfer
Revise exhibit for Loan Transfer Agreement
Revise affected borrowers list for communication plan
Attend call with Z. Shapiro (all RLF) C. Arthur, N. Hwangpo (all Weil) J. Nelson,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss LTA and loan transfer
activities
Review loan transition tracker

HOURS
0.5

0.5
0.9
0.2
0.2
1.3
1.0
0.5
0.2
1.4
0.8
0.8
0.1
0.3
0.7
0.7
0.5
0.5
0.5
0.5
0.9
0.7
0.5
1.6


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 54 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Loan Transfer Activities
20006554P00002.1.21

DATE
03/23/2023

PROFESSIONAL
JN

03/23/2023
03/23/2023
03/27/2023

NL
NL
JN

03/27/2023

NL

03/27/2023
03/29/2023

TBT
JN

03/29/2023

JN

03/29/2023

NL

03/29/2023

NL

03/30/2023

JN

03/30/2023
03/31/2023

NL
AP

03/31/2023
AP
03/31/2023
AP
Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with C. Arthur, N. Hwangpo, J. Friedman (all Weil) L. Milner, D.
Evans, T. Williams, C. Oduor, J. Kearney, J. Arnold (all KServicing) to discuss
loan transition updates
Update LTA Exhibit A for additional PPPLF loans
Attend call with M. Kennedy(all Chilmark) to discuss LTA Exhibit A updates
Attend call with N. Hwangpo, C. Bentley (all Weil) L. Milner, D. Evans, C. Oduor,
J. Kearney (all KServicing) to discuss loan transfer updates
Attend call with A. Kytonen, J. Richards, D. Xu (all FRB) D. Evans, J. Arnold, L.
Milner, C. Oduor (all KServicing) J. Alfano, T. deClercq (all Lendistry) M.
Kennedy, J. Ellis (all Chilmark) to discuss PPPLF data transfer process updates
Review correspondence from J. Friedman (Weil) re: loan transfers
Attend call with A. Kytonen, J. Richards, D. Xu (all FRB) D. Evans, J. Arnold, L.
Milner, C. Oduor (all KServicing) J. Alfano, T. deClercq (all Lendistry) M.
Kennedy, J. Ellis (all Chilmark) J. Nelson, N. LoBiondo (all AlixPartners) to
discuss PPPLF data transfer process updates
Attend call with A. Lotty, R. Minott, M. Levington, M. Sanders, K. Ross (all
Cleary) C. Arthur, N. Hwangpo (all Weil) Z. Shapiro (RLF) to discuss loan transfer
agreement
Attend call with A. Kytonen, J. Richards, D. Xu (all FRB) D. Evans, J. Arnold, L.
Milner, C. Oduor (all KServicing) J. Alfano, T. deClercq (all Lendistry) M.
Kennedy, J. Ellis (all Chilmark) J. Nelson, N. LoBiondo (all AlixPartners) to
discuss PPPLF data transfer process updates
Attend call with D. Evans, S. Kafiti, T. Williams, S. Haliburton, C. Bergmark (all
KServicing) to discuss transition date for SBA payments to KServicing
Attend call with D. Evans, C. Oduor (all KServicing) N. Hwangpo, J. Friedman
(all Weil) to discuss loan transition updates
Reconcile list of de-duped forgiven loans against LTA Exhibit A
Attend call with L. Emory-Cherrix (KServicing) J. Nelson, A. Perrella (all
AlixPartners) to discuss legacy loan servicing transfer
Review servicer updates re: loan transition
Draft diligence responses for loan transition

HOURS
0.8
1.1
0.2
0.7
0.5
0.1
0.9

0.2
0.9

1.0
0.5
0.8
0.3
1.3
1.1
36.4


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 55 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Loan Transfer Activities
20006554P00002.1.21
RATE
$1,220
$1,020
$950
$605
$605

HOURS
3.0
20.5
0.6
6.2
6.1
36.4

$

$

FEES
3,660.00
20,910.00
570.00
3,751.00
3,690.50
32,581.50


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 56 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Travel Time
20006554P00002.1.31

DATE
PROFESSIONAL
03/12/2023
DCR
03/12/2023
JN
03/12/2023
TBT
03/13/2023
DCR
03/13/2023
JN
03/21/2023
JN
03/23/2023
JN
03/28/2023
JN
03/30/2023
JN
Total Professional Hours

DESCRIPTION OF SERVICES
Travel to Wilmington, DE for confirmation hearing prep and hearing
Travel from Boston to Wilmington for Confirmation Hearing
Travel from Ocala, FL to Wilmington, Delaware for confirmation hearing
Travel back from court hearing in Delaware to Yorktown Heights, NY
Travel from Wilmington to Boston following Confirmation Hearing
Travel from Boston to NYC for engagement team meetings
Travel from NYC to Boston following engagement team meetings
Travel from Boston to NYC for engagement team meetings
Travel from NYC to Boston following engagement team meetings

HOURS
2.2
4.5
6.0
4.5
4.5
3.5
3.5
3.5
3.5
35.7


Case 22-10951-CTG

Doc 809-2

Filed 05/08/23

Page 57 of 57

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
Total Professional Hours and Fees
Less 50% Travel
Total Professional Fees

Travel Time
20006554P00002.1.31
RATE
$1,220
$1,020
$950

HOURS
6.7
23.0
6.0
35.7

$

$
$

FEES
8,174.00
23,460.00
5,700.00
37,334.00
(18,667.00)
18,667.00

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