In re Kabbage (KServicing) — Certification of Deborah Rieger-Paganis re AlixPartners Second Interim Fee Application

Summary

Exhibit A, the Certification of Deborah Rieger-Paganis, filed May 15, 2023 as Doc 820-2 in the jointly administered Chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. The declarant, a Partner and Managing Director at AlixPartners, LLP, financial advisor to the debtors, states having reviewed AlixPartners' Second Interim Fee Application for the period from January 1, 2023 through March 31, 2023. The certification states that the application substantially complies with Delaware Bankruptcy Rule 2016-2 and, to the best of the declarant's knowledge, information and belief, complies with the U.S. Trustee Guidelines under 11 U.S.C. § 330, adopted June 11, 2013. It also states that AlixPartners does not make a profit on reimbursable expenses and seeks third-party vendor costs only in the amount billed.

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Case 22-10951-CTG   Doc 820-2   Filed 05/15/23   Page 1 of 3




                       Exhibit A

        Certification of Deborah Rieger-Paganis




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                   Case 22-10951-CTG            Doc 820-2         Filed 05/15/23         Page 2 of 3




                                UNITED STATES BANKRUPTCY COURT
                                 FOR THE DISTRICT OF DELAWARE


    In re:                                                        Chapter 11

    KABBAGE, INC. d/b/a KSERVICING, et al., 1                     Case No. 22-10951 (CTG)

                                Debtors.                          (Jointly Administered)



                         CERTIFICATION OF DEBORAH RIEGER-PAGANIS


             I, Deborah Rieger-Paganis, declare under the penalty of perjury as follows:

             1.     I am a Partner and Managing Director at AlixPartners, LLP (“AlixPartners”), with

offices located at 909 Third Avenue, New York, New York 10022. AlixPartners serves as financial

advisor to the above-captioned debtors (the “Debtors”).

             2.     I have reviewed the Second Interim Fee Application of AlixPartners, LLP, Financial

Advisor to the Chapter 11 Debtors, for Allowance of Compensation for Professional Services

Rendered and for Reimbursement of Expenses Incurred for the Period from January 1, 2023 through

March 31, 2023 (the “Application”).

             3.     I have reviewed Delaware Bankruptcy Rule 2016-2 (the “Local Rule”) and submit

that the Application substantially complies with such Local Rule.




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



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              Case 22-10951-CTG          Doc 820-2    Filed 05/15/23     Page 3 of 3




       4.      To the best of my knowledge, information and belief formed after reasonable inquiry,

the Application complies with the United States Trustee Guidelines for Reviewing Applications for

Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330, adopted June 11, 2013

(the “U.S. Trustee Guidelines”).

       5.      AlixPartners’ fees and out-of-pocket expenses are billed in accordance with the

billing practices described below, and, except as otherwise indicated therein, fall within the U.S.

Trustee Guidelines. Except to the extent prohibited by the U.S. Trustee Guidelines, the fees and out-

of-pocket expenses sought herein have been billed in accordance with practices customarily

employed by AlixPartners and accepted by AlixPartners’ clients.

       6.      With respect to expenses and reimbursable services incurred for which

reimbursement is sought, AlixPartners:

                  1. Does not make a profit;

                  2. Does not include in the amount for which reimbursement is sought the
                     amortization of the cost of any investment, equipment or capital outlay; and

                  3. Seeks reimbursement of services purchased from or contracted for with a third-
                     party vendor only in the amount billed to AlixPartners by, and paid or to be paid
                     by AlixPartners to, the vendor.


       I certify, under penalty of perjury, that the foregoing statements made by me are true to the

best of my knowledge, information and belief.

Dated: May 15, 2023


                                             /s/ Deborah Rieger-Paganis
                                             By: Deborah Rieger-Paganis
                                                  Partner & Managing Director




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