cash collateral reporting
- Date
- 2023-06-08
Summary
Doc 854-2, filed June 8, 2023 in Case 22-10951-CTG, the Chapter 11 case of Kabbage, Inc. d/b/a Kservicing, is Exhibit A, a description of AlixPartners' hours and fees by matter category. The 40-page exhibit lists time entries by date, professional and hours for April 2023. The Chapter 11 Process / Case Management entries record team calls on the legacy loan sale, wind down budget, PPPLF reconciliation, monthly operating reports and weekly cash collateral reporting. The Loan Transfer Activities category totals 47.5 hours and $37,822.00 in fees. The Travel Time category totals 14.0 hours and $14,280.00, reduced by 50% to $7,140.00.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 1 of 40
Exhibit A
Description of AlixPartners’ Hours and Fees by Matter Category
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 2 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/03/2023 AP Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss loan transition timeline, legacy loan sale, and status of
cash collateral reporting
04/03/2023 DCR Review and respond to case related emails. 0.2
04/03/2023 JN Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss loan transition timeline, legacy loan sale, and status of
cash collateral reporting
04/03/2023 NL Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss loan transition timeline, legacy loan sale, and status of
cash collateral reporting
04/03/2023 TBT Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss loan transition timeline, legacy loan sale, and status of
cash collateral reporting
04/03/2023 TBT Review correspondence from L. Castillo (Weil) re: weekly look ahead for week of 0.1
4/3/2023
04/04/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss wind down budget and legacy loan sale process updates
04/04/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss wind down budget and legacy loan sale process updates
04/04/2023 DCR Review and respond to case related emails. 0.3
04/04/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss wind down budget and legacy loan sale process updates
04/04/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss wind down budget and legacy loan sale process updates
04/05/2023 AP Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan portfolio offer, wind down budget review, and
status of weekly deliverables
04/05/2023 DCR Review and respond to case related emails. 0.4
04/05/2023 JN Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan portfolio offer, wind down budget review, and
status of weekly deliverables
04/05/2023 NL Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan portfolio offer, wind down budget review, and
status of weekly deliverables
04/05/2023 TBT Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan portfolio offer, wind down budget review, and
status of weekly deliverables
04/06/2023 AP Attend call to discuss with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. 0.4
LoBiondo, A. Perrella (all AlixPartners) re: legacy loan sale updates, wind down
budget review, and final PPPLF reconciliation timeline
04/06/2023 DCR Attend call to discuss with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. 0.4
LoBiondo, A. Perrella (all AlixPartners) re: legacy loan sale updates, wind down
budget review, and final PPPLF reconciliation timeline
04/06/2023 DCR Review and respond to case related emails. 0.3
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 3 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/06/2023 JN Attend call to discuss with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. 0.4
LoBiondo, A. Perrella (all AlixPartners) re: legacy loan sale updates, wind down
budget review, and final PPPLF reconciliation timeline
04/06/2023 NL Attend call to discuss with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. 0.4
LoBiondo, A. Perrella (all AlixPartners) re: legacy loan sale updates, wind down
budget review, and final PPPLF reconciliation timeline
04/06/2023 TBT Attend call to discuss with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. 0.4
LoBiondo, A. Perrella (all AlixPartners) re: legacy loan sale updates, wind down
budget review, and final PPPLF reconciliation timeline
04/07/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transition updates, March MOR filing,
and PPPLF reconciliation
04/07/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transition updates, March MOR filing,
and PPPLF reconciliation
04/07/2023 DCR Review and respond to case related emails. 0.3
04/07/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transition updates, March MOR filing,
and PPPLF reconciliation
04/07/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transition updates, March MOR filing,
and PPPLF reconciliation
04/07/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transition updates, March MOR filing,
and PPPLF reconciliation
04/10/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan sale process and updates to LTA Exhibit A
04/10/2023 DCR Review and respond to emails re: case related matters. 0.6
04/10/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan sale process and updates to LTA Exhibit A
04/10/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan sale process and updates to LTA Exhibit A
04/11/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
timeline of final PPPLF reduction and remittance reports, legacy loan sale updates,
and status of weekly cash collateral reporting
04/11/2023 DCR Review and respond to case related emails. 0.4
04/11/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
timeline of final PPPLF reduction and remittance reports, legacy loan sale updates,
and status of weekly cash collateral reporting
04/11/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
timeline of final PPPLF reduction and remittance reports, legacy loan sale updates,
and status of weekly cash collateral reporting
04/12/2023 AP Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss timeline of final PPPLF reduction and remittance reports,
legacy loan sale updates, and status of weekly cash collateral reporting
04/12/2023 DCR Review and respond to case related emails. 1.0
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 4 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/12/2023 JN Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss timeline of final PPPLF reduction and remittance reports,
legacy loan sale updates, and status of weekly cash collateral reporting
04/12/2023 NL Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss timeline of final PPPLF reduction and remittance reports,
legacy loan sale updates, and status of weekly cash collateral reporting
04/12/2023 TBT Attend call with J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss timeline of final PPPLF reduction and remittance reports,
legacy loan sale updates, and status of weekly cash collateral reporting
04/13/2023 DCR Review and respond to case related emails. 0.9
04/17/2023 AP Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.2
discuss status of weekly cash collateral deliverables and March MOR
04/17/2023 DCR Review and respond to case related emails. 0.7
04/17/2023 NL Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.2
discuss status of weekly cash collateral deliverables and March MOR
04/17/2023 TBT Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.2
discuss status of weekly cash collateral deliverables and March MOR
04/18/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
LTA exhibit A updates, legacy loan sale, and loan transfer open items.
04/18/2023 DCR Review and respond to case related emails. 1.0
04/18/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
LTA exhibit A updates, legacy loan sale, and loan transfer open items.
04/18/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.3
LTA exhibit A updates, legacy loan sale, and loan transfer open items.
04/19/2023 AP Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.3
discuss April MOR timeline, status of loan transfer and final reduction reports
04/19/2023 DCR Review and respond to case related emails. 0.6
04/19/2023 NL Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.3
discuss April MOR timeline, status of loan transfer and final reduction reports
04/19/2023 TBT Attend call with T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to 0.3
discuss April MOR timeline, status of loan transfer and final reduction reports
04/20/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transfer updates, legacy loan transition,
and status of weekly deliverables
04/20/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transfer updates, legacy loan transition,
and status of weekly deliverables
04/20/2023 DCR Review and respond to case related emails. 0.4
04/20/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transfer updates, legacy loan transition,
and status of weekly deliverables
04/20/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transfer updates, legacy loan transition,
and status of weekly deliverables
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 5 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/20/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.4
Perrella (all AlixPartners) to discuss loan transfer updates, legacy loan transition,
and status of weekly deliverables
04/21/2023 DCR Review and respond to case related emails. 1.4
04/24/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan transfer, updated wind down budget
assumptions and cash collateral budget timing
04/24/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan transfer, updated wind down budget
assumptions and cash collateral budget timing
04/24/2023 DCR Review and respond to case related emails. 0.5
04/24/2023 DCR Review and respond to case related issues. 0.4
04/24/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan transfer, updated wind down budget
assumptions and cash collateral budget timing
04/24/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.4
AlixPartners) to discuss legacy loan transfer, updated wind down budget
assumptions and cash collateral budget timing
04/24/2023 TBT Review correspondence from A. Suarez (Weil) re: expected effective date 0.1
04/25/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss cash collateral and wind down budget updates,
effective date delay analysis, and legacy loan transfer
04/25/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss cash collateral and wind down budget updates,
effective date delay analysis, and legacy loan transfer
04/25/2023 DCR Review and respond to case related emails. 0.4
04/25/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss cash collateral and wind down budget updates,
effective date delay analysis, and legacy loan transfer
04/25/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss cash collateral and wind down budget updates,
effective date delay analysis, and legacy loan transfer
04/25/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss cash collateral and wind down budget updates,
effective date delay analysis, and legacy loan transfer
04/26/2023 AP Attend call with T. Thoroddsen, A. Perrella (both AlixPartners) to discuss legacy 0.1
loan diligence and claims register
04/26/2023 DCR Attend call with D. Rieger-Paganis, T. Thoroddsen (all AlixPartners) to discuss 0.2
reporting requirements, 2015.3 and OCP reports and other open tasks
04/26/2023 TBT Attend call with T. Thoroddsen, A. Perrella (both AlixPartners) to discuss legacy 0.1
loan diligence and claims register
04/26/2023 TBT Attend call with D. Rieger-Paganis, T. Thoroddsen (all AlixPartners) to discuss 0.2
reporting requirements, 2015.3 and OCP reports and other open tasks
04/27/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss updated cash collateral budget, updated wind
down budget and deliverables for Management
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 6 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/27/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss updated cash collateral budget, updated wind
down budget and deliverables for Management
04/27/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss updated cash collateral budget, updated wind
down budget and deliverables for Management
04/27/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss updated cash collateral budget, updated wind
down budget and deliverables for Management
04/27/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss updated cash collateral budget, updated wind
down budget and deliverables for Management
04/28/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss wind down budget comments, legacy loan
transfer updates, and effective date gating items
04/28/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss wind down budget comments, legacy loan
transfer updates, and effective date gating items
04/28/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss wind down budget comments, legacy loan
transfer updates, and effective date gating items
04/28/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss wind down budget comments, legacy loan
transfer updates, and effective date gating items
04/28/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) to discuss wind down budget comments, legacy loan
transfer updates, and effective date gating items
Total Professional Hours 37.0
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 7 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Chapter 11 Process / Case Management
Code: 20006554P00002.1.1
PROFESSIONAL RATE HOURS FEES
Deborah Rieger-Paganis $1,220 13.6 $ 16,592.00
James Nelson $1,020 5.8 5,916.00
Thora B Thoroddsen $950 4.9 4,655.00
Anthony Perrella $605 6.4 3,872.00
Nicholas LoBiondo $605 6.3 3,811.50
Total Professional Hours and Fees 37.0 $ 34,846.50
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 8 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/03/2023 AP Develop daily cash analysis 1.3
04/03/2023 JN Prepare budget files for transition to wind-down officer 1.8
04/03/2023 JN Review PPPLF loan discrepancy reconciliation summary 0.7
04/03/2023 JN Review weekly PPPLF cash collateral reporting 0.8
04/03/2023 JN Revise professional fees variance and forecast 1.2
04/03/2023 NL Finalize updates to cash flow forecast for actuals through 3/31/23 and perform 2.0
reconciliation to daily cash report
04/03/2023 NL Update cash collateral budget for legacy loan and PPP actuals for week-ended 2.6
3/31/23
04/03/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.5
week-ended 3/31/23
04/04/2023 AP Develop daily cash analysis 1.2
04/04/2023 AP Develop professional fee carve-out account reconciliation to be reviewed by board 1.8
04/04/2023 DCR Attend call with Z. Shapiro (all RLF) L. Milner, S. Kafiti, H. Loiseau(all 0.5
KServicing), C. Arthur, N. Hwangpo, C. Bentley, L. Castillo( all Weil), J. Foster (
Resolute), D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to review wind down budget
04/04/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of 0.4
PPPLF reconciliation and wind down budget
04/04/2023 JN Attend call with C. Arthur, N. Hwangpo, C. Bentley(all Weil) L. Milner, H. 0.5
Loiseau, S. Kafiti (all KServicing) to discuss wind-down budget
04/04/2023 JN Attend call with Z. Shapiro (all RLF) L. Milner, S. Kafiti, H. Loiseau(all 0.5
KServicing), C. Arthur, N. Hwangpo, C. Bentley, L. Castillo( all Weil), J. Foster (
Resolute), D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to review wind down budget
04/04/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of 0.4
PPPLF reconciliation and wind down budget
04/04/2023 NL Attend call with Z. Shapiro (all RLF) L. Milner, S. Kafiti, H. Loiseau(all 0.5
KServicing), C. Arthur, N. Hwangpo, C. Bentley, L. Castillo( all Weil), J. Foster (
Resolute), D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to review wind down budget
04/04/2023 NL Reconcile 4/3/23 reduction report and pay down file to prior FRB Accepted Items 1.5
Notices
04/04/2023 TBT Attend call with Z. Shapiro (all RLF) L. Milner, S. Kafiti, H. Loiseau(all 0.5
KServicing), C. Arthur, N. Hwangpo, C. Bentley, L. Castillo( all Weil), J. Foster (
Resolute), D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to review wind down budget
04/05/2023 AP Attend call to discuss with J. Mullaney, L. Emory-Cherrix(all KServicing) D. 0.4
Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners)re: PPPLF
reconciliation and legacy loan transition
04/05/2023 AP Develop daily cash analysis 1.2
04/05/2023 AP Update professional fee reconciliation based on estimates received from 1.1
professionals
04/05/2023 DCR Attend call with C. Arthur, N. Hwangpo (all Weil), L. Milner, H. Loiseau (all 0.4
KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
continue discussion on wind down budget and staffing assumptions
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 9 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/05/2023 DCR Attend call to discuss with J. Mullaney, L. Emory-Cherrix(all KServicing) D. 0.4
Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners)re: PPPLF
reconciliation and legacy loan transition
04/05/2023 JN Attend call with C. Arthur, N. Hwangpo (all Weil), L. Milner, H. Loiseau (all 0.4
KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
continue discussion on wind down budget and staffing assumptions
04/05/2023 JN Attend call to discuss with J. Mullaney, L. Emory-Cherrix(all KServicing) D. 0.4
Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners)re: PPPLF
reconciliation and legacy loan transition
04/05/2023 JN Prepare follow-up budget details for KServicing management 0.8
04/05/2023 JN Review weekly cash flow forecast variance report 0.5
04/05/2023 NL Attend call with C. Arthur, N. Hwangpo (all Weil), L. Milner, H. Loiseau (all 0.4
KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
continue discussion on wind down budget and staffing assumptions
04/05/2023 NL Attend call to discuss with J. Mullaney, L. Emory-Cherrix(all KServicing) D. 0.4
Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners)re: PPPLF
reconciliation and legacy loan transition
04/06/2023 AP Develop daily cash analysis 1.3
04/06/2023 JN Attend call to discuss with C. Bentley (Weil) re: Biz2Credit dispute 0.2
04/06/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of 0.4
PPPLF reconciliation and loan transition updates
04/06/2023 JN Attend call with J. Mullaney, S. Haliburton, L. Emory-Cherrix (all KServicing), J. 0.8
Nelson, N. LoBiondo (all AlixPartners) to discuss updates to PPPLF reconciliation
04/06/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of 0.4
PPPLF reconciliation and loan transition updates
04/06/2023 NL Attend call with J. Mullaney, S. Haliburton, L. Emory-Cherrix (all KServicing), J. 0.8
Nelson, N. LoBiondo (all AlixPartners) to discuss updates to PPPLF reconciliation
04/06/2023 NL Update PPPLF reconciliation for additional comments on outstanding loan balance 2.3
differences
04/07/2023 AP Develop daily cash analysis 1.4
04/07/2023 AP Develop schedule of accrued professional fees through March for finance team 1.4
04/07/2023 NL Update Kabbage Direct loan schedule based on additional loan research 2.1
04/10/2023 AP Develop daily cash analysis 1.3
04/10/2023 AP Update wiring instructions for professionals re: escrow agreement 0.6
04/10/2023 NL Finalize updates to cash flow forecast for actuals through 4/7/23 and perform 1.8
reconciliation to daily cash report
04/10/2023 NL Update cash collateral budget for legacy loan and PPP actuals for week-ended 2.2
4/7/23
04/10/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.3
week-ended 4/723
04/11/2023 AP Develop daily cash analysis 1.3
04/11/2023 JN Review weekly cash flow forecast variance report 0.6
04/11/2023 JN Review weekly PPPLF cash collateral reporting 0.9
04/11/2023 NL Reconcile 4/10/23 reduction report and pay down file to prior FRB Accepted Items 1.2
Notices
04/11/2023 NL Research list of Kabbage Direct loans for addition to Kabbage Direct loan schedule 1.2
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 10 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/11/2023 NL Update Kabbage Direct Loan schedule 0.8
04/12/2023 AP Develop daily cash analysis 1.1
04/12/2023 NL Attend call with A. Goff, S. Kafiti D. Evans, T. Keefe (all KServicing) to discuss 1.1
Kabbage Direct portfolio overview and next steps
04/12/2023 NL Prepare daily report of Forgiveness and GP statuses for Chilmark 0.5
04/13/2023 AP Develop daily cash analysis 1.4
04/13/2023 AP Update outstanding retainer amounts for each professional 0.4
04/13/2023 JN Prepare update of professional fees forecast details 1.3
04/13/2023 NL Update wind down budget output for delivery to Weil 1.4
04/14/2023 AP Develop daily cash analysis 1.3
04/14/2023 NL Attend call with S. Haliburton (KServicing) to discuss PPPLF reconciliation open 0.5
items
04/14/2023 NL Prepare daily report of Forgiveness and GP statuses for Chilmark 0.5
04/15/2023 NL Review updated LTA Exhibit A 1.5
04/15/2023 NL Update 4/13/23 PPPLF reconciliation for delivery to Chilmark 1.2
04/16/2023 NL Document professional fee retainer mechanics and cash impact in the 3/31 wind 1.0
down budget
04/16/2023 NL Prepare professional fee retainer comparison file 0.8
04/17/2023 AP Develop daily cash analysis 1.1
04/17/2023 AP Update retainer balances for professionals based on actuals received 1.1
04/17/2023 JN Prepare professional fee budget reconciliation details for management 1.4
04/17/2023 NL Finalize updates to cash flow forecast for actuals through 4/14/23 and perform 2.4
reconciliation to daily cash report
04/17/2023 NL Update cash collateral budget for legacy loan and PPP actuals for week-ended 2.2
4/14/23
04/17/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.2
week-ended 4/14/23
04/18/2023 AP Develop daily cash analysis 1.2
04/18/2023 JN Review weekly cash flow forecast variance report 0.5
04/18/2023 JN Review weekly PPPLF cash collateral reporting 0.4
04/19/2023 AP Develop daily cash analysis 1.1
04/19/2023 JN Attend call with J. Foster (Resolute) to discuss winddown budget 0.7
04/20/2023 AP Develop daily cash analysis 1.1
04/20/2023 NL Finalize 4/24 reduction report reconciliation 2.2
04/20/2023 NL Prepare 4/24 reduction report reconciliation 2.5
04/20/2023 NL Review paydown file for 4/24 reduction reports 2.3
04/21/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), D. 0.6
Rieger-Paganis, N. LoBiondo, A. Perrella (all AlixPartners) to review 4/24
Reduction Report reconciliation
04/21/2023 AP Develop daily cash analysis 1.1
04/21/2023 DCR Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), D. 0.6
Rieger-Paganis, N. LoBiondo, A. Perrella (all AlixPartners) to review 4/24
Reduction Report reconciliation
04/21/2023 NL Attend call with J. Mullaney, S. Haliburton(all KServicing) to discuss 4/24 0.5
Reduction Report reconciliation open items
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 11 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/21/2023 NL Attend call with M. Kennedy (all Chilmark) to discuss updated cash collateral 0.2
budget timeline
04/21/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), D. 0.6
Rieger-Paganis, N. LoBiondo, A. Perrella (all AlixPartners) to review 4/24
Reduction Report reconciliation
04/21/2023 NL Perform final reconciliation of SBA and borrower activity to 4/24 reduction report 1.7
paydown file
04/21/2023 NL Update excess SALT and Out-of-Pocket loan balances for PPPLF data snapshot 2.2
04/24/2023 AP Develop daily cash analysis 1.2
04/24/2023 JN Review and editing of updated cash collateral budget 1.2
04/24/2023 JN Review and editing of updated post-emergence winddown budget 1.8
04/24/2023 NL Finalize updates to cash flow forecast for actuals through 4/21/23 and perform 2.5
reconciliation to daily cash report
04/24/2023 NL Update cash collateral budget for legacy loan and PPP actuals for week-ended 2.3
4/21/23
04/24/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.2
week-ended 4/21/23
04/25/2023 AP Develop daily cash analysis 1.2
04/25/2023 AP Update professional fee model for actuals and updated estimates 1.8
04/25/2023 JN Attend call with D. Evans (KServicing) to discuss winddown staffing 0.2
04/25/2023 JN Review weekly cash flow forecast variance report 0.5
04/25/2023 JN Review weekly PPPLF cash collateral reporting 0.4
04/25/2023 NL Update wind down budget for discussion with Wind Down Officer 1.5
04/26/2023 AP Develop daily cash analysis 1.2
04/26/2023 DCR Review cash variance report. 0.3
04/26/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.3
collateral assumptions
04/26/2023 NL Attend call with S. Kafiti, D. Evans T. Williams, S. Haliburton (all KServicing) to 0.5
discuss CRB other unremitted balance
04/26/2023 NL Attend call with J. Arnold, A. Goff, S. Kafiti, T. Keefe, L. Milner (all KServicing) 0.5
to discuss Kabbage Direct loan processing plan
04/26/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.3
collateral assumptions
04/26/2023 NL Continue updating cash collateral budget through May 2.8
04/26/2023 NL Research loan balance differences per Lendistry loan tape reconciliation 1.2
04/27/2023 AP Develop daily cash analysis 1.2
04/27/2023 DCR Attend call with J. Foster, S. Smith, N. Manos (all Resolute) D. Rieger-Paganis, J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to review updated Wind Down Budget
04/27/2023 JN Attend call with J. Foster, S. Smith, N. Manos (all Resolute) D. Rieger-Paganis, J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to review updated Wind Down Budget
04/27/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to review updated cash 0.7
collateral budget, wind down budget, and budget output for Management
04/27/2023 NL Attend call with J. Foster, S. Smith, N. Manos (all Resolute) D. Rieger-Paganis, J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to review updated Wind Down Budget
04/27/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to review updated cash 0.7
collateral budget, wind down budget, and budget output for Management
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 12 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/27/2023 NL Finalize updated wind down budget 2.1
04/27/2023 NL Prepare output of updated wind down budget for discussion with Wind Down 2.0
Officer
04/28/2023 AP Develop daily cash analysis 1.2
04/28/2023 JN Revise updated cash collateral budget 1.6
04/28/2023 JN Revise updated post-emergence winddown budget 1.3
04/28/2023 JN Review updated headcount forecast 0.4
04/28/2023 NL Prepare cash flow model output for Wind Down Officer review 2.8
04/28/2023 NL Update wind down budget per comments form Wind Down Officer 2.1
Total Professional Hours 139.3
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 13 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Cash / Liquidity Matters
Code: 20006554P00002.1.3
PROFESSIONAL RATE HOURS FEES
Deborah Rieger-Paganis $1,220 3.2 3,904.00
James Nelson $1,020 24.6 25,092.00
Thora B Thoroddsen $950 0.5 475.00
Anthony Perrella $605 33.6 20,328.00
Nicholas LoBiondo $605 77.4 46,827.00
Total Professional Hours and Fees 139.3 $ 96,626.00
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 14 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/03/2023 AP Attend call with J. Mullaney, S. Haliburton(all KServicing), J. Nelson, T. 0.5
Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF
reconciliation and CoreCredit reversals
04/03/2023 AP Update loan listing analysis for remittance report 2.6
04/03/2023 AP Update to parties in interest list with professionals added post filing 0.6
04/03/2023 JN $1,789 0.5
04/03/2023 JN Prepare edits to professional fees escrow agreement 0.4
04/03/2023 NL Attend call with J. Mullaney, S. Haliburton(all KServicing), J. Nelson, T. 0.5
Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF
reconciliation and CoreCredit reversals
04/03/2023 TBT Attend call with J. Mullaney, S. Haliburton(all KServicing), J. Nelson, T. 0.5
Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of PPPLF
reconciliation and CoreCredit reversals
04/04/2023 NL Finalize cash collateral budget variance report and permitted variance test for week 2.1
ended 3/31/23
04/04/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.3
ended 3/31/23
04/04/2023 NL Reconcile list of de-duped forgiven loans to PPPLF reconciliation and LTA Exhibit 0.9
A
04/05/2023 NL Prepare KServicing remittance loan detail report for week-ended 3/31/23 2.1
04/05/2023 NL Review Fed remittance report for week-ended 3/31/23 2.1
04/06/2023 AP Preparation of cash collateral report to be sent to Federal Reserve's advisors 2.1
04/06/2023 NL Respond to Fed inquiries on 3/27 reduction report 1.2
04/07/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss March MOR and status of PPPLF
reconciliation
04/07/2023 DCR Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss March MOR and status of PPPLF
reconciliation
04/07/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss March MOR and status of PPPLF
reconciliation
04/07/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss March MOR and status of PPPLF
reconciliation
04/07/2023 NL Prepare updated PPPLF data snapshot as of 3/30/23 1.5
04/07/2023 NL Review cash balances and collateral report for the week-ended 3/31/23 2.2
04/07/2023 NL Update excess SALT and Out-of-Pocket loan balances for PPPLF data snapshot 1.5
04/07/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A.
Perrella (all AlixPartners) to discuss March MOR and status of PPPLF
reconciliation
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 15 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/10/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), J. 0.3
Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss loan transition,
status of MOR, and updated PPPLF reconciliation timeline
04/10/2023 AP Update loan listing analysis for remittance report 2.4
04/10/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), J. 0.3
Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss loan transition,
status of MOR, and updated PPPLF reconciliation timeline
04/10/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing), J. 0.3
Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss loan transition,
status of MOR, and updated PPPLF reconciliation timeline
04/11/2023 AP Update loan listing analysis for remittance report 2.6
04/11/2023 NL Finalize cash collateral budget variance report and permitted variance test for week 2.1
ended 4/7/23
04/11/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.5
ended 4/7/23
04/11/2023 TBT Send correspondence to S. Kafiti, S. Moss (both KServicing) re: Walker Morris 0.1
04/12/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.4
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss updated PPPLF reconciliation timeline and final reduction reports
04/12/2023 AP Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash 0.9
collateral report for the week-ended 4/7/23
04/12/2023 AP Develop cash flow for March MOR 1.8
04/12/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.4
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss updated PPPLF reconciliation timeline and final reduction reports
04/12/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.4
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss updated PPPLF reconciliation timeline and final reduction reports
04/12/2023 NL Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review cash 0.9
collateral report for the week-ended 4/7/23
04/12/2023 NL Follow up on borrower noticing inquiries 0.5
04/12/2023 NL Prepare KServicing remittance loan detail report for week-ended 4/7/23 1.5
04/12/2023 NL Review Fed remittance report for week-ended 4/7/23 2.1
04/12/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.4
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss updated PPPLF reconciliation timeline and final reduction reports
04/13/2023 AP Preparation of cash collateral report to be sent to Federal Reserve's advisors 2.1
04/13/2023 AP Update loan listing analysis for remittance report 1.8
04/13/2023 DCR Attend call with N. Hwangpo, C. Bentley,(all Weil), S. Kafiti, H. Loiseau, L. 0.9
Milner (all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all
AlixPartners) to discuss DoJ update, loan transfer, and legacy loan portfolio
04/13/2023 JN Attend call with N. Hwangpo, C. Bentley,(all Weil), S. Kafiti, H. Loiseau, L. 0.9
Milner (all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all
AlixPartners) to discuss DoJ update, loan transfer, and legacy loan portfolio
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 16 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/13/2023 NL Attend call with N. Hwangpo, C. Bentley,(all Weil), S. Kafiti, H. Loiseau, L. 0.9
Milner (all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo (all
AlixPartners) to discuss DoJ update, loan transfer, and legacy loan portfolio
04/13/2023 TBT Review cash flow for March MOR 0.1
04/13/2023 TBT Review correspondence from T. Williams (KServicing) re: status of March MOR 0.1
04/13/2023 TBT Review correspondence from Z. Shapiro (RLF) re: 2015.3 Report 0.1
04/13/2023 TBT Review updates regarding cyber insurance renewal 0.1
04/13/2023 TBT Send correspondence to A. Suarez (Weil) re: March MOR 0.1
04/13/2023 TBT Send correspondence to Z. Shapiro, A. Steele (both RLF) re: 2015.3 Report 0.1
04/14/2023 AP Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash 0.5
collateral report for week-ended 4/7/23
04/14/2023 AP Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed 0.5
remittance report for 4/14/23 reduction reports
04/14/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.6
KServicing), N. LoBiondo, A. Perrella (all AlixPartners) to discuss PPPLF
reconciliation and borrower notice inquiries
04/14/2023 AP Update loan listing analysis for remittance report 2.8
04/14/2023 NL Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash 0.5
collateral report for week-ended 4/7/23
04/14/2023 NL Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss Fed 0.5
remittance report for 4/14/23 reduction reports
04/14/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.6
KServicing), N. LoBiondo, A. Perrella (all AlixPartners) to discuss PPPLF
reconciliation and borrower notice inquiries
04/14/2023 NL Attend call with M. Kennedy (all Chilmark) to discuss updated PPPLF 0.6
reconciliation and updated Exhibit A timeline
04/14/2023 NL Prepare updated PPPLF data snapshot as of 4/13/23 1.9
04/14/2023 NL Review cash balances and collateral report for the week-ended 4/7/23 2.1
04/14/2023 NL Review updated PPPLF reconciliation as of 4/13/23 2.8
04/14/2023 NL Update excess SALT and Out-of-Pocket loan balances for PPPLF data snapshot 2.1
04/15/2023 JN Attend call with M. Kennedy (Chilmark) J. Nelson, N. LoBiondo (all AlixPartners) 0.8
to review 4/14/23 PPPLF reconciliation
04/15/2023 NL Attend call with M. Kennedy (Chilmark) J. Nelson, N. LoBiondo (all AlixPartners) 0.8
to review 4/14/23 PPPLF reconciliation
04/17/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.5
KServicing) T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items and next steps
04/17/2023 AP Develop drafts of March MOR to be shared with company finance team 1.8
04/17/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.5
KServicing) T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items and next steps
04/17/2023 NL Attend call with M. Kennedy (Chilmark) to discuss timeline to receive updated 0.2
data for revised LTA Exhibit A
04/17/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.5
KServicing) T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF reconciliation open items and next steps
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 17 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/17/2023 TBT Respond to A. Suarez (Weil) re: March MOR 0.1
04/17/2023 TBT Review draft March MORs 0.5
04/17/2023 TBT Review updated March MOR 0.2
04/17/2023 TBT Send correspondence to A. Perrella (AlixPartners) re: comments to March MOR 0.1
04/18/2023 AP Update loan listing analysis for remittance report 2.2
04/18/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.5
ended 4/14/23
04/18/2023 TBT Review approval from T. Williams (KServicing) for March MOR 0.1
04/19/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing), T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
final reduction report timeline and next steps
04/19/2023 AP Update loan listing analysis for remittance report 2.4
04/19/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing), T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
final reduction report timeline and next steps
04/19/2023 NL Finalize cash collateral budget variance report and permitted variance report for the 2.2
week-ended 4/14/23
04/19/2023 NL Reconcile 4/19 PPPLF balances to final LTA Exhibit A 1.0
04/19/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.3
KServicing), T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
final reduction report timeline and next steps
04/19/2023 TBT Review confirmation from A. Suarez (Weil) re: final review of March MOR 0.1
04/19/2023 TBT Review correspondence from Z. Shapiro (RLF) re: April MOR 0.1
04/19/2023 TBT Send correspondence to A. Suarez (Weil) re: MOR 0.1
04/20/2023 AP Update loan listing analysis for remittance report 2.4
04/20/2023 TBT Respond to S. Kafiti (KServicing) re: US trustee fees 0.1
04/20/2023 TBT Send US trustee fee calculations to S. Kafiti (KServicing) 0.1
04/20/2023 TBT Summarize cash flows for Q4 2022 and Q1 2023 to show US trustee fee 0.7
calculations
04/21/2023 AP Update loan listing analysis for remittance report 2.4
04/21/2023 NL Review cash balances and cash collateral report for the week-ended 4/14/23 2.1
04/21/2023 TBT Send follow-up to A. Suarez (Weil) re: March MOR filing 0.1
04/24/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.6
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss 4/24 reduction report reconciliation and open items
04/24/2023 AP Update loan listing analysis for remittance report 2.2
04/24/2023 DCR Attend call with C. Arthur, C. Bentley (all Weil) L. Milner, H. Loiseau, S. Kafiti, 0.5
D. Evans (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss planning for Effective Date
04/24/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.6
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss 4/24 reduction report reconciliation and open items
04/24/2023 JN Attend call with C. Arthur, C. Bentley (all Weil) L. Milner, H. Loiseau, S. Kafiti, 0.5
D. Evans (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss planning for Effective Date
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 18 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/24/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.6
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss 4/24 reduction report reconciliation and open items
04/24/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.6
KServicing), J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss 4/24 reduction report reconciliation and open items
04/24/2023 TBT Respond to A. Suarez (Weil) re: OCP report 0.1
04/24/2023 TBT Respond to S. Kafiti (KServicing) re: renewal of general liability insurance 0.1
04/25/2023 AP Update loan listing analysis for remittance report 0.5
04/25/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to 0.5
discuss updated effective date analysis
04/25/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to 0.5
discuss updated effective date analysis
04/25/2023 NL Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss OCP 0.1
report
04/25/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to 0.5
discuss updated effective date analysis
04/25/2023 NL Finalize cash collateral budget variance report and permitted variance test for week 1.5
ended 4/21/23
04/25/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.3
ended 4/21/23
04/25/2023 NL Update cash collateral budget through end of May for delivery to FRB 2.5
04/25/2023 TBT Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss OCP 0.1
report
04/25/2023 TBT Respond to A. Suarez (Weil) re: renewal status of general liability insurance 0.1
04/25/2023 TBT Review correspondence from S. Moss (KServicing) re: confirmation dissolution of 0.1
UK subsidiary
04/25/2023 TBT Send correspondence to T. William (KServicing) re: 2015.3 report 0.1
04/25/2023 TBT Send correspondence to T. Williams (KServicing) re: payments for Q1 2023 OCP 0.1
report
04/25/2023 TBT Send correspondence to Z. Shapiro (RLF) re: 2015.3 report 0.1
04/26/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.3
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss PPPLF reconciliation and Kabbage Direct population updates
04/26/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.3
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss PPPLF reconciliation and Kabbage Direct population updates
04/26/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.3
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss PPPLF reconciliation and Kabbage Direct population updates
04/26/2023 NL Review Fed Remittance Report for the week-ended 4/21/23 1.3
04/26/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix (all 0.3
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo, A. Perrella (all AlixPartners)
to discuss PPPLF reconciliation and Kabbage Direct population updates
04/26/2023 TBT Review correspondence from T. Williams (KServicing) re: 2015.3 report 0.1
04/27/2023 AP Develop 2015.3 report for Q1 2023 1.4
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 19 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/27/2023 DCR Attend Board call with D. Kurzweil, S. Bratton (all Greenberg) L. Milner, S.Kafiti, 0.8
H. Loiseau, D. Evans, T. Williams, E. Hartz, R. Gregg, L. Taylor (all KServicing)
Z. Shapiro (all RLF) C. Arthur, C. Bentley (all Weil), D. Rieger-Paganis, J. Nelson
(all AlixPartners) to discuss updates
04/27/2023 JN Attend Board call with D. Kurzweil, S. Bratton (all Greenberg) L. Milner, S.Kafiti, 0.8
H. Loiseau, D. Evans, T. Williams, E. Hartz, R. Gregg, L. Taylor (all KServicing)
Z. Shapiro (all RLF) C. Arthur, C. Bentley (all Weil), D. Rieger-Paganis, J. Nelson
(all AlixPartners) to discuss updates
04/27/2023 NL Finalize cash collateral budget updates 1.5
04/27/2023 NL Prepare output of cash collateral budget for Management, Chilmark and FRB 2.2
04/27/2023 TBT Review draft 2015.3 Report from A. Perrella (AlixPartners) 0.3
04/27/2023 TBT Send correspondence to A. Perrella (AlixPartners) re: 2015.3 Report 0.1
04/27/2023 TBT Send follow-up email to A. Suarez (Weil) re: OCP report for Q1 2023 0.1
04/28/2023 AP Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.4
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
Effective Date timeline and reporting open items
04/28/2023 AP Develop 2015.3 report for Q1 2023 1.1
04/28/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.4
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
Effective Date timeline and reporting open items
04/28/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, L. Emory-Cherrix(all 0.4
KServicing) J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
Effective Date timeline and reporting open items
04/28/2023 NL Review cash balances and cash collateral report for the week-ended 4/21/23 1.2
04/28/2023 TBT Review revised 2015.3 Report from A. Perrella (AlixPartners) 0.1
Total Professional Hours 121.4
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 20 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: U.S. Trustee / Court Reporting Requirements
Code: 20006554P00002.1.5
PROFESSIONAL RATE HOURS FEES
Deborah Rieger-Paganis $1,220 3.0 $ 3,660.00
James Nelson $1,020 6.7 6,834.00
Thora B Thoroddsen $950 7.4 7,030.00
Anthony Perrella $605 41.3 24,986.50
Nicholas LoBiondo $605 63.0 38,115.00
Total Professional Hours and Fees 121.4 $ 80,625.50
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 21 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Transaction Support
Code: 20006554P00002.1.10
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/03/2023 AP Review available data for legacy loan transfer 1.6
04/03/2023 AP Update legacy loan inventory with collection agencies 1.2
04/03/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 1.6
04/03/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 0.6
04/04/2023 AP Develop presentation of outstanding offers for legacy loan portfolio 1.7
04/04/2023 JN Attend call with L. Emory-Cherrix, P. Greene, C. Grisham (all KServicing) to 0.7
discuss legacy loan data transfer and sale process
04/04/2023 JN Attend call with potential legacy loan bidder to discuss diligence requests 0.4
04/05/2023 JN Attend call with S. Kafiti (KServicing) C. Bentley (Weil) to discuss legacy loan 0.9
sale process
04/06/2023 JN Revise summary of legacy sale process document 1.1
04/07/2023 JN Attend call with a potential bidder with L. Rinaldi (Celtic) S. Kafiti, L. Emory- 0.3
Cherrix (all KServicing) to discuss legacy loan sale process
04/07/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix (all KServicing) to discuss legacy loan 0.4
sale process with a potential bidder
04/07/2023 JN Attend call with L. Rinaldi (Celtic) S. Kafiti, L. Emory-Cherrix (all KServicing) to 0.3
discuss legacy loan sale process
04/07/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan sale process 0.2
04/07/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix (KServicing) o discuss legacy loan 0.9
sale process
04/07/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 1.3
04/10/2023 JN Attend call with L. Emory-Cherrix, P. Greene, J. Kearney, C. Grisham (all 0.5
KServicing) to prepare for call with potential legacy loan bidder
04/10/2023 JN Attend call with S.Kafiti, L. Emory-Cherrix, P. Greene, J. Kearney, C. Grisham 0.5
(all KServicing) re: potential legacy loan bidder
04/10/2023 JN Prepare legacy loan strategic options presentation for Board 1.9
04/10/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 0.8
04/11/2023 AP Adjust legacy loan cash flow analysis for updated offers 2.2
04/11/2023 JN Prepare legacy loan strategic options presentation for Board 2.7
04/11/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 1.1
04/12/2023 AP Develop presentation for board re: legacy loan portfolio sale updates 1.7
04/12/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.5
04/12/2023 JN Prepare legacy loan strategic options presentation for Board 2.1
04/12/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 0.6
04/13/2023 JN Attend call with M. Kennedy (Chilmark) to discuss legacy loan transition 0.2
04/13/2023 JN Prepare legacy loan strategic options presentation for Board 1.4
04/13/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 0.5
04/17/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 1.1
04/19/2023 AP Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, J. Kearney, C. Grisham 0.5
(all KServicing), J. Nelson, A. Perrella (all AlixPartners) to discuss legacy loan
purchase offer
04/19/2023 AP Develop analysis of legacy loan counts and outstanding balances for potential 1.4
purchaser
04/19/2023 JN Attend call with L. Emory-Cherrix (KServicing) to discuss legacy loan transition 0.5
04/19/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.4
04/20/2023 JN Prepare responses to legacy loan portfolio due diligence questions/requests 1.2
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 22 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Transaction Support
Code: 20006554P00002.1.10
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/24/2023 JN Attend call with potential bidder to discuss legacy loan due diligence 0.3
04/24/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan due diligence 0.3
04/25/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix, P. Greene, D. Evans (KServicing) to 0.8
discuss legacy loan transition/sale
04/27/2023 JN Attend call with potential bidder to discuss legacy loan due diligence 0.3
04/27/2023 JN Prepare responses to legacy loan due diligence request 1.1
04/28/2023 JN Prepare responses to legacy loan due diligence request 0.7
Total Professional Hours 38.5
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 23 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Transaction Support
Code: 20006554P00002.1.10
PROFESSIONAL RATE HOURS FEES
James Nelson $1,020 28.2 $ 28,764.00
Anthony Perrella $605 10.3 6,231.50
Total Professional Hours and Fees 38.5 $ 34,995.50
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 24 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Vendor Management
Code: 20006554P00002.1.13
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/02/2023 TBT Review correspondence from C. Arthur (Weil) re: certain vendor invoices 0.1
04/03/2023 TBT Review correspondence from T. Williams (KServicing) re: Delaware tax notice 0.1
04/06/2023 NL Respond to client inquiries on outstanding vendor invoices to be included in AP 0.8
check run
04/06/2023 NL Review vendor invoices for AP check run for week-ended 4/7/23 2.2
04/12/2023 NL Review vendor invoices for AP check run 1.5
04/12/2023 TBT Review correspondence from I. Naraine (KServicing) re: this week's payables 0.1
04/19/2023 NL Review professional fee applications for AP check run 1.2
04/19/2023 NL Review vendor invoices for AP check run 2.1
04/19/2023 TBT Review correspondence from M. Milana (RLF) re: February fee statements 0.1
04/19/2023 TBT Send correspondence to N. LoBiondo, A. Perrella (both AlixPartners) re: payment 0.1
of professional fees
04/24/2023 TBT Respond to H. Loiseau (KServicing) re: certain vendor payments 0.1
04/26/2023 NL Review US Trustee invoices for inclusion in AP check run 0.7
04/26/2023 NL Review vendor invoices for AP check run 2.0
04/26/2023 TBT Review backup for US trustee estimated invoice to respond to follow-up questions 0.1
from N. LoBiondo (AlixPartners)
04/26/2023 TBT Send correspondence to N. LoBiondo (AlixPartners) re: US trustee fees to be paid 0.2
Total Professional Hours 11.4
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 25 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Vendor Management
Code: 20006554P00002.1.13
PROFESSIONAL RATE HOURS FEES
Thora B Thoroddsen $950 0.9 $ 855.00
Nicholas LoBiondo $605 10.5 6,352.50
Total Professional Hours and Fees 11.4 $ 7,207.50
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 26 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Executory Contracts
Code: 20006554P00002.1.14
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/06/2023 TBT Send correspondence to S. Moss (KServicing), L. Castillo (Weil) re: Insperity 0.1
contract
04/11/2023 TBT Respond to L. Castillo (Weil) re: contract assumptions 0.1
04/13/2023 TBT Review correspondence from N. LoBiondo (AlixPartners) re: payments for certain 0.1
IT contracts
04/13/2023 TBT Review correspondence from S. Kafiti (KServicing) re: certain IT contract 0.1
04/19/2023 TBT Review correspondence from S. Kafiti (KServicing) re: CSC agreement 0.1
04/19/2023 TBT Review response from C. Bentley (Weil) re: CSC consent needed to assume 0.1
contract
04/22/2023 TBT Respond to C. Arthur (Weil), S. Kafiti (KServicing) re: status of payables for CSC 0.1
04/24/2023 TBT Review correspondence from S. Moss (KServicing) re: salesforce contract 0.1
04/28/2023 TBT Send correspondence to S. Moss (KServicing) re: revised contract assumptions and 0.2
rejections
Total Professional Hours 1.0
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 27 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Executory Contracts
Code: 20006554P00002.1.14
PROFESSIONAL RATE HOURS FEES
Thora B Thoroddsen $950 1.0 $ 950.00
Total Professional Hours and Fees 1.0 $ 950.00
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 28 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Claims Process / Avoidance Actions
Code: 20006554P00002.1.15
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/06/2023 TBT Review correspondence from S. Moss (KServicing) re: certain borrower claims 0.1
04/06/2023 TBT Send certain claim copy to S. Moss (KServicing) for her to research whether 0.1
borrower claimant
04/06/2023 TBT Send correspondence to S. Kafiti, H. Loiseau (both KServicing), N. Hwangpo, C. 0.1
Arthur (both Weil) and others re: updated claims analysis
04/06/2023 TBT Update claims analysis with latest claims filed 0.8
04/06/2023 TBT Update claims tracking with order approving reclassification objection 0.3
04/12/2023 TBT Review correspondence from S. Kafiti (KServicing) re: backup documentation for 0.1
loan related claims
04/17/2023 TBT Review certain rejection damage claim 0.6
04/17/2023 TBT Send updated claim report to N. Hwangpo, C. Arthur (both Weil), Z. Shapiro 0.1
(RLF) and others
04/17/2023 TBT Update claims report with additional claims filed 0.6
04/18/2023 TBT Review request from C. Bentley (Weil) re: CIT claim 0.1
04/19/2023 TBT Analyze CIT's claim as requested by C. Bentley (Weil) 1.7
04/19/2023 TBT Send correspondence to C. Bentley (Weil), S. Kafiti (KServicing) and others re: 0.1
CIT claim
04/21/2023 TBT Review correspondence from K. Steverson (Omni) re: updated claims register 0.1
04/24/2023 TBT Respond to V. Martin (KServicing) re: litigation claims 0.1
04/24/2023 TBT Review complaint filed by The Juneau Group, LLC against Kabbage, Inc., et al., 0.3
American Express International, Inc.
04/26/2023 AP Attend call with T. Thoroddsen, A. Perrella (all AlixPartners) to discuss litigation 0.1
claims
04/26/2023 AP Develop analysis of litigation claims 0.6
04/26/2023 TBT Attend call with T. Thoroddsen, A. Perrella (all AlixPartners) to discuss litigation 0.1
claims
04/26/2023 TBT Review litigation claims filed 0.2
04/26/2023 TBT Send correspondence to Weil team regarding status of litigation claims 0.2
04/26/2023 TBT Send list of litigation claims to V. Martin (KServicing) as requested 0.1
Total Professional Hours 6.5
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 29 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Claims Process / Avoidance Actions
Code: 20006554P00002.1.15
PROFESSIONAL RATE HOURS FEES
Thora B Thoroddsen $950 5.8 5,510.00
Anthony Perrella $605 0.7 423.50
Total Professional Hours and Fees 6.5 $ 5,933.50
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 30 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Retention Applications & Relationship Disclosures
Code: 20006554P00002.1.19
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/10/2023 BF Draft six-month supplemental disclosures for parties beginning with letters A 3.0
through F
04/11/2023 BF Draft six-month supplemental disclosures for parties beginning with letters F 3.0
through K
04/11/2023 BF Draft six-month supplemental disclosures for parties beginning with letters K-N 3.0
04/11/2023 BF Draft six-month supplemental disclosures for parties beginning with letters N 3.0
through U
04/12/2023 BF Draft six-month supplemental disclosures 3.0
04/13/2023 BF Draft six-month supplemental disclosures 2.6
04/19/2023 HES Revise second supplemental declaration 0.2
Total Professional Hours 17.8
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 31 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Retention Applications & Relationship Disclosures
Code: 20006554P00002.1.19
PROFESSIONAL RATE HOURS FEES
Heather E Saydah $550 0.2 110.00
Brooke Filler $510 17.6 8,976.00
Total Professional Hours and Fees 17.8 $ 9,086.00
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 32 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Fee Statements & Fee Applications
Code: 20006554P00002.1.20
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/03/2023 LMB Update fee application summary chart 0.2
04/05/2023 LMB Prepare professional fees for March 2023 monthly fee application 0.4
04/11/2023 LCV Prepare professional fees for March 2023 monthly fee application 2.5
04/11/2023 LCV Review professional fees for March 2023 monthly fee application 1.1
04/11/2023 LMB Email to M. Pena (AlixPartners) attaching 42nd Monthly Fee Statement, 0.2
supporting schedules and exhibits (February 2023)
04/11/2023 LMB Prepare professional fees for March 2023 monthly fee application 0.5
04/12/2023 LMB Prepare professional fees for March 2023 monthly fee application 1.4
04/24/2023 LMB Prepare exhibit/schedule workbook for March 2023 monthly fee application 1.3
04/26/2023 HES Review March monthly fee application 0.2
04/26/2023 JN Prepare March monthly fee application 1.4
04/26/2023 LMB Prepare schedules/exhibit workbook for March 2023 monthly fee application 0.8
04/26/2023 LMB Prepare Sixth Monthly Fee Application, supporting schedules and exhibits (March 1.8
2023)
04/27/2023 DCR Review fee application. 0.7
04/27/2023 LMB Finalize Sixth Monthly Fee Application, supporting schedules and exhibits (March 0.3
2023)
04/27/2023 LMB Email to N. Hwangpro (Weil) attaching Sixth Monthly Fee Application (March 0.3
2023) for filing on the Court docket
Total Professional Hours 13.1
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 33 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Fee Statements & Fee Applications
Code: 20006554P00002.1.20
PROFESSIONAL RATE HOURS FEES
Deborah Rieger-Paganis $1,220 0.7 854.00
James Nelson $1,020 1.4 1,428.00
Heather E Saydah $550 0.2 110.00
Laura Capen Verry $540 3.6 1,944.00
Lisa Marie Bonito $500 7.2 3,600.00
Total Professional Hours and Fees 13.1 $ 7,936.00
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 34 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Loan Transfer Activities
Code: 20006554P00002.1.21
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/04/2023 JN Revise LTA exhibit and borrower information list 0.8
04/05/2023 AP Attend call to discuss with N. Hwangpo, J. Friedman(all Weil), S. Kafiti, D. Evans, 0.5
J. Arnold, J. Kearny(all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) re: loan transition updates and borrower
communication plan
04/05/2023 DCR Attend call to discuss with N. Hwangpo, J. Friedman(all Weil), S. Kafiti, D. Evans, 0.5
J. Arnold, J. Kearny(all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) re: loan transition updates and borrower
communication plan
04/05/2023 JN Attend call to discuss with M. Kennedy (Chilmark) Biz2Credit data transfer 0.5
04/05/2023 JN Attend call to discuss with N. Hwangpo, J. Friedman(all Weil), S. Kafiti, D. Evans, 0.5
J. Arnold, J. Kearny(all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) re: loan transition updates and borrower
communication plan
04/05/2023 JN Attend call to discuss with A. Kytonen, J. Richards, D. Xu(all FRB) D. Evans, L. 0.5
Milner (all KServicing) M. Kennedy, J. Ellis(all Chilmark) J. Alfano, T. deClercq
(all Lendistry), J. Nelson, N. LoBiondo (all AlixPartners) re: PPPLF data transfer
process updates
04/05/2023 NL Attend call to discuss with N. Hwangpo, J. Friedman(all Weil), S. Kafiti, D. Evans, 0.5
J. Arnold, J. Kearny(all KServicing), D. Rieger-Paganis, J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) re: loan transition updates and borrower
communication plan
04/05/2023 NL Attend call to discuss with A. Kytonen, J. Richards, D. Xu(all FRB) D. Evans, L. 0.5
Milner (all KServicing) M. Kennedy, J. Ellis(all Chilmark) J. Alfano, T. deClercq
(all Lendistry), J. Nelson, N. LoBiondo (all AlixPartners) re: PPPLF data transfer
process updates
04/05/2023 NL Revise the LTA Exhibit A for include additional PPPLF loans to be transferred 1.8
04/10/2023 JN Attend call with S. Kafiti, H. Loiseau, D. Evans, J. Kearney, C. Oduor,(all 0.7
KServicing) C. Bentley, J. Friedman (all Weil) ,J. Nelson, N. LoBiondo (all
AlixPartners) to discuss loan transition open items and next steps
04/10/2023 JN Attend call with M. Kennedy (Chilmark) T. DeClerq (Lendistry) S. Mehta 0.5
(Sullivan) K. Adler (Amex) A. Kytonen (FRB) to discuss loan transition to
Lendistry
04/10/2023 JN Attend call with D. Evans (all KServicing), A. Kytonen, J. Richards, B. Parker, S. 0.6
Aschenbrenner(all FRB), M. Craig, T. deClercq(all Lendistry), J. Nelson, N.
LoBiondo (all AlixPartners) to discuss timeline for final LTA Exhibit A update and
final PPPLF reduction reports
04/10/2023 NL Attend call with S. Kafiti, H. Loiseau, D. Evans, J. Kearney, C. Oduor,(all 0.7
KServicing) C. Bentley, J. Friedman (all Weil) ,J. Nelson, N. LoBiondo (all
AlixPartners) to discuss loan transition open items and next steps
04/10/2023 NL Attend call with D. Evans (all KServicing), A. Kytonen, J. Richards, B. Parker, S. 0.6
Aschenbrenner(all FRB), M. Craig, T. deClercq(all Lendistry), J. Nelson, N.
LoBiondo (all AlixPartners) to discuss timeline for final LTA Exhibit A update and
final PPPLF reduction reports
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 35 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Loan Transfer Activities
Code: 20006554P00002.1.21
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/11/2023 AP Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, J. Kearney, C. Grisham, P. 1.0
Greene (all KServicing) J. Nelson, A. Perrella (all AlixPartners) to discuss Legacy
Loan Portfolio transfer and next steps
04/11/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, J. Kearney, C. Grisham, P. 1.0
Greene (all KServicing) J. Nelson, A. Perrella (all AlixPartners) to discuss Legacy
Loan Portfolio transfer and next steps
04/11/2023 JN Review reconciliation of loan discrepancies for LTA Exhibit A 1.5
04/11/2023 TBT Review order approving loan transferring agreement 0.2
04/12/2023 JN Attend call with M. Kennedy, J. Ellis (all Chilmark) S. Kafiti, D. Evans (all 0.8
KServicing) J. Alfano, T. deClercq (all Lendistry) A. Kytonen, J. Richards, D.
Xu,(all FRB) J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of Fed
data transfer process
04/12/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated LTA 0.2
Exhibit A timeline and PPPLF reconciliation
04/12/2023 JN Review reconciliation of loan discrepancies for LTA Exhibit A 0.8
04/12/2023 NL Attend call with M. Kennedy, J. Ellis (all Chilmark) S. Kafiti, D. Evans (all 0.8
KServicing) J. Alfano, T. deClercq (all Lendistry) A. Kytonen, J. Richards, D.
Xu,(all FRB) J. Nelson, N. LoBiondo (all AlixPartners) to discuss status of Fed
data transfer process
04/12/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated LTA 0.2
Exhibit A timeline and PPPLF reconciliation
04/13/2023 JN Attend call with N. Hwangpo, C. Bentley, J. Friedman(all Weil) S. Kafiti, H. 0.6
Loiseau, C. Oduor, D. Evans(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss loan transition updates and next steps
04/13/2023 JN Review draft LTA closing step plan 0.8
04/13/2023 JN Review reconciliation of loan discrepancies for LTA Exhibit A 0.7
04/13/2023 NL Attend call with N. Hwangpo, C. Bentley, J. Friedman(all Weil) S. Kafiti, H. 0.6
Loiseau, C. Oduor, D. Evans(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss loan transition updates and next steps
04/13/2023 NL Review canceled loan population and update comments in PPPLF reconciliation 1.5
04/13/2023 NL Review updated LTA Exhibit A from Chilmark 2.4
04/13/2023 NL Update PPPLF reconciliation for additional comments on outstanding loan balance 2.3
differences
04/15/2023 JN Review reconciliation of loan discrepancies for LTA Exhibit A 1.0
04/17/2023 NL Attend call with C. Bentley, J. Friedman(all Weil), S. Kafiti, D. Evans, H. Loiseau, 0.3
J. Arnold, J. Kearny, C.Oduor (all KServicing) to discuss loan transfer status and
open items
04/17/2023 TBT Review correspondence from J. Friedman (Weil) re: Kabbage transfer - SBA 0.1
notices
04/18/2023 AP Attend call with S. Kafiti, P. Greene, L. Emory-Cherrix, D. Evans, J. Kearney, C. 0.9
Grisham (all KServicing), J. Nelson, A. Perrella (all AlixPartners) discuss legacy
loan transfer updates
04/18/2023 JN Attend call with S. Kafiti, P. Greene, L. Emory-Cherrix, D. Evans, J. Kearney, C. 0.9
Grisham (all KServicing), J. Nelson, A. Perrella (all AlixPartners) discuss legacy
loan transfer updates
04/18/2023 JN Review draft LTA closing step plan 0.4
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 36 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Loan Transfer Activities
Code: 20006554P00002.1.21
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/18/2023 NL Perform reconciliation of PPPLF data to final LTA Exhibit A 2.8
04/18/2023 NL Review updated LTA Exhibit A 1.3
04/18/2023 NL Update LTA Exhibit A for recent SBA and borrower payment activity 1.4
04/19/2023 JN Attend call with A. Kytonen, S. Aschenbrenner, J. Richards D. Xu, T. Morello( all 0.5
FRB), D. Evans, C. Oduor (all KServicing) M. Kennedy, J. Ellis(all Chilmark). J.
Alfano, T. deClercq, K. Funn, J. Lee(all Lendistry), J. Nelson, N. LoBiondo (all
AlixPartners) to discuss Fed data transfer updates and next steps.
04/19/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix, D. Evans, J. Kearney, C. Grisham 0.5
(all KServicing), J. Nelson, A. Perrella (all AlixPartners) to discuss legacy loan
purchase offer
04/19/2023 JN Review reconciliation of loan discrepancies for LTA Exhibit A 0.6
04/19/2023 NL Attend call with A. Kytonen, S. Aschenbrenner, J. Richards D. Xu, T. Morello( all 0.5
FRB), D. Evans, C. Oduor (all KServicing) M. Kennedy, J. Ellis(all Chilmark). J.
Alfano, T. deClercq, K. Funn, J. Lee(all Lendistry), J. Nelson, N. LoBiondo (all
AlixPartners) to discuss Fed data transfer updates and next steps.
04/20/2023 JN Attend call with S. Kafiti, H. Loiseau, D. Evans, C. Oduor(all KServicing) C. 0.6
Bentley, J. Friedman(all Weil), J. Nelson, N. LoBiondo (all AlixPartners) to
discuss loan transfer updates and transition open items
04/20/2023 NL Attend call with S. Kafiti, H. Loiseau, D. Evans, C. Oduor(all KServicing) C. 0.6
Bentley, J. Friedman(all Weil), J. Nelson, N. LoBiondo (all AlixPartners) to
discuss loan transfer updates and transition open items
04/21/2023 NL Finalize updated PPPLF portfolio snapshot output for Chilmark 0.8
04/24/2023 JN Attend call with S. Kafiti, C. Grisham, L. Emory-Cherrix (all KServicing) to 2.0
discuss legacy loan transition
04/25/2023 AP Participate in call with C. Shuler, B. Herbison, J. Zamora (all Vervent) S. Kafiti, 1.0
D. Evans, J. Kearney, C. Grisham, J. Dods, L. Emory-Cherrix (all KServicing), J.
Nelson, A. Perrella (all AlixPartners) to discuss legacy loan transition
04/25/2023 JN Participate in call with C. Shuler, B. Herbison, J. Zamora (all Vervent) S. Kafiti, 1.0
D. Evans, J. Kearney, C. Grisham, J. Dods, L. Emory-Cherrix (all KServicing), J.
Nelson, A. Perrella (all AlixPartners) to discuss legacy loan transition
04/25/2023 JN Review and editing of Vervent MSA draft 0.7
04/26/2023 AP Review updated portfolio and transaction analysis 0.8
04/26/2023 NL Attend call with A. Kytonen, J. Richards, D. Xu, S. Aschenbrenner(all FRB) D. 0.5
Evans, C. Oduor(all KServicing) M. Kennedy(all Chilmark) M. Craig, T.
deClercq(all Lendistry) to discuss loan data transfer open items
04/27/2023 JN Attend call with C. Bentley, J. Friedman(all Weil) S. Kafiti, D. Evans, C. Oduor, J. 0.4
Kearney, J. Arnold(all KServicing), J. Nelson, N. LoBiondo (all AlixPartners) to
discuss effective date gating items, data transfer open items and legacy loan
transfer updates
04/27/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.4
04/27/2023 JN Attend call with D. Evans, S. Kafiti, J. Kearney, J. Arnold, C. Oduor (all 0.4
KServicing) C. Bentley, J. Friedman (all Weil) to discuss loan transition update
04/27/2023 NL Attend call with C. Bentley, J. Friedman(all Weil) S. Kafiti, D. Evans, C. Oduor, J. 0.4
Kearney, J. Arnold(all KServicing), J. Nelson, N. LoBiondo (all AlixPartners) to
discuss effective date gating items, data transfer open items and legacy loan
transfer updates
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 37 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Loan Transfer Activities
Code: 20006554P00002.1.21
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/28/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix (all KServicing) to discuss MSA with 0.5
Vervent
04/28/2023 JN Attend call with S. Kafiti, L. Emory-Cherrix, C. Grisham, P. Greene (all 0.5
KServicing) to prepare for Vervent call
04/28/2023 NL Review final LTA Exhibit A 1.1
Total Professional Hours 47.5
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 38 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Loan Transfer Activities
Code: 20006554P00002.1.21
PROFESSIONAL RATE HOURS FEES
Deborah Rieger-Paganis $1,220 0.5 $ 610.00
James Nelson $1,020 20.9 21,318.00
Thora B Thoroddsen $950 0.3 285.00
Anthony Perrella $605 4.2 2,541.00
Nicholas LoBiondo $605 21.6 13,068.00
Total Professional Hours and Fees 47.5 $ 37,822.00
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 39 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Travel Time
Code: 20006554P00002.1.31
DATE PROFESSIONAL DESCRIPTION OF SERVICES HOURS
04/04/2023 JN Travel from Boston to NYC for engagement team meetings 3.5
04/06/2023 JN Travel from NYC to Boston following engagement team meetings 3.5
04/25/2023 JN Travel from Boston to NYC for engagement team meetings 3.5
04/26/2023 JN Travel from NYC to Boston following engagement team meetings 3.5
Total Professional Hours 14.0
Case 22-10951-CTG Doc 854-2 Filed 06/08/23 Page 40 of 40
Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309
Re: Travel Time
Code: 20006554P00002.1.31
PROFESSIONAL RATE HOURS FEES
James Nelson $1,020 14.0 $ 14,280.00
Total Professional Hours and Fees 14.0 $ 14,280.00
Less 50% Travel (7,140.00)
Total Professional Fees $ 7,140.00
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