In re Kabbage (KServicing) — AlixPartners Hours and Fees by Matter Category (June 2023)

Date: 2023-07-19

Summary

Exhibit A, a description of AlixPartners' hours and fees by matter category, filed July 19, 2023 as Doc 907-2 in Case 22-10951-CTG, the Chapter 11 case of Kabbage, Inc. d/b/a Kservicing. The exhibit lists daily time entries from June 2023 for AlixPartners professionals, each with date, professional, description of services and hours, followed by a rate, hours and fees table for each matter category. Categories include Chapter 11 Process / Case Management, with 15.7 hours and $14,601.00 in fees; Cash / Liquidity Matters, with 49.8 hours and $36,733.50; U.S. Trustee / Court Reporting Requirements; Loan Transfer Activities, with 10.9 hours and $9,416.50; and Travel Time. The travel time category bills 3.5 hours at $3,570.00, reduced by 50% to $1,785.00.

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Full text

Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 1 of 32

Exhibit A

Description of AlixPartners’ Hours and Fees by Matter Category
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 2 of 32

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
06/01/2023 DCR Review and respond to case related emails. 0.2
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 DCR Review and respond to case related emails. 0.3
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/05/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/05/2023 DCR Review and respond to case related emails. 0.3
06/05/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/05/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/07/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 DCR Review and respond to case related emails. 0.3
06/07/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/09/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
06/09/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
06/09/2023 JN Prepare case accomplishment summary 0.8
06/09/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 3 of 32

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
06/12/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 DCR Review and respond to case related emails. 0.3
06/12/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/13/2023 DCR Review and respond to case related emails. 0.4
06/13/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss case priorities 0.5
06/13/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss case priorities 0.5
06/14/2023 DCR Review and respond to case related emails. 0.3
06/16/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 DCR Review and respond to case related emails. 0.5
06/16/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
Total Professional Hours 15.7
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 4 of 32

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 4.7 $ 5,734.00
James Nelson $1,020 4.0 4,080.00
Thora B Thoroddsen $950 1.6 1,520.00
Anthony Perrella $605 2.7 1,633.50
Nicholas LoBiondo $605 2.7 1,633.50
Total Professional Hours and Fees 15.7 $ 14,601.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 5 of 32

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
06/01/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.5
collateral budget and delayed effective date analysis
06/01/2023 JN Review updated KS staffing plan for budget updates 0.6
06/01/2023 JN Revise updated cash collateral budget 1.1
06/01/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.5
collateral budget and delayed effective date analysis
06/01/2023 NL Continue updates to cash collateral budget through week-ended 6/16/23 2.8
06/01/2023 NL Prepare updated cash collateral budget output for Management and Chilmark 1.5
06/01/2023 NL $1,789 2.5
06/01/2023 NL Update wind down budget to reflect delayed Effective Date Timing 1.5
06/02/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/02/2023 JN Attend call with M. Kennedy(all Chilmark) S. Kafiti(all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to discuss CRB remittance issue and next steps
06/02/2023 JN Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all 0.4
AlixPartners) to discuss KServicing staffing updates
06/02/2023 JN Revise professional fees forecast 0.3
06/02/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/02/2023 NL Attend call with M. Kennedy(all Chilmark) S. Kafiti(all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to discuss CRB remittance issue and next steps
06/02/2023 NL Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all 0.4
AlixPartners) to discuss KServicing staffing updates
06/02/2023 NL Finalize cash collateral budget output for Management and Chilmark 2.5
06/02/2023 NL Update professional fee tracker for March fee application amounts paid week- 1.1
ended 6/2
06/02/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/05/2023 JN Attend call with J. Mullaney, T. Williams, I. Naraine(all KServicing) J. Nelson, N. 0.2
LoBiondo (all AlixPartners) to discuss status of SBA refunds and CRB remittance
06/05/2023 JN Conduct analysis of Amex legacy loan charges 0.5
06/05/2023 JN Conduct research regarding CCO requirements 0.7
06/05/2023 JN Review TSA invoices and supporting schedules 0.4
06/05/2023 NL Attend call with J. Mullaney, T. Williams, I. Naraine(all KServicing) J. Nelson, N. 0.2
LoBiondo (all AlixPartners) to discuss status of SBA refunds and CRB remittance
06/06/2023 JN Prepare responses to Fed advisor questions regarding revised CCO budget 0.6
06/07/2023 DCR Participate in call with KS Finance team. 0.3
06/07/2023 DCR Review weekly cash flow variance report. 0.4
06/07/2023 JN Review of weekly budget variance report 0.6
06/07/2023 JN Review of weekly cash collateral reporting for Fed 0.5
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 6 of 32

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
06/07/2023 JN Review updated payroll forecast for inclusion with wind-down budget 0.6
06/07/2023 NL Finalize updates to cash flow forecast for actuals through 6/2/23 and perform 1.5
reconciliation to daily cash report
06/07/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.3
ended 6/2/23
06/07/2023 NL Update cash collateral budget for legacy loan actuals for week-ended 6/2/23 1.8
06/07/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.1
week-ended 6/2/23
06/08/2023 JN Attend call to discuss status of SBA refunds and CRB remittance with J. Mullaney, 0.2
T. Williams, I. Naraine(all KServicing) J. Nelson, N. LoBiondo (all AlixPartners)
06/08/2023 JN Conduct research re: month-end PPPLF statement 1.0
06/08/2023 NL Attend call to discuss status of SBA refunds and CRB remittance with J. Mullaney, 0.2
T. Williams, I. Naraine(all KServicing) J. Nelson, N. LoBiondo (all AlixPartners)
06/09/2023 AP Update professional fee accruals for May 1.6
06/09/2023 JN Attend call with S. Smith, N. Manos (all Resolute) M. Kennedy (Chilmark) J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to discuss revised wind-down budget
06/09/2023 JN Review wind-down budget changes 0.7
06/09/2023 NL Attend call with M. Kennedy (all Chilmark) S. Smith, N. Manos (all Resolute) J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to discuss updated wind down budget
06/12/2023 JN Revise updated winddown budget 1.5
06/13/2023 NL Finalize updates to cash flow forecast for actuals through 6/9/23 and perform 1.6
reconciliation to daily cash report
06/13/2023 NL Prepare updated wind down budget output for Chilmark 1.1
06/13/2023 NL Update cash collateral budget for legacy loan actuals for week-ended 6/9/23 1.6
06/13/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 1.7
week-ended 6/9/23
06/14/2023 AP Update professional fee carve-out excess analysis with latest professional fee 1.6
estimates
06/14/2023 DCR Review cash variance report. 0.3
06/14/2023 JN Conduct treasury cash management activities 0.6
06/14/2023 JN Review Fed advisor feedback regarding revised winddown budget 0.4
06/14/2023 JN Review of cash collateral budget variance report 0.3
06/14/2023 JN Review of weekly cash collateral reporting for Fed 0.3
06/14/2023 NL Respond to Chilmark and Resolute inquires on updated wind down budget 0.8
06/14/2023 NL Update wind down budget update per comments from Resolute and Chilmark 1.3
06/20/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss CCO 0.2
reporting
06/20/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss CCO 0.2
reporting
Total Professional Hours 49.8
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 7 of 32

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 1.0 $ 1,220.00
James Nelson $1,020 14.1 14,382.00
Thora B Thoroddsen $950 0.4 380.00
Anthony Perrella $605 3.2 1,936.00
Nicholas LoBiondo $605 31.1 18,815.50
Total Professional Hours and Fees 49.8 $ 36,733.50
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 8 of 32

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
06/01/2023 JN Review KS board update materials 0.4
06/07/2023 JN Attend call with C. Bentley (Weil) to discuss Effective Date planning 0.2
06/07/2023 JN Attend call with M. Kennedy (Chilmark) to discuss Effective Date planning 0.4
06/07/2023 JN Attend call with J. Mullaney, T. Williams, I. Naraine, J. Arnold (all KServicing) J. 0.3
Nelson, N. LoBiondo (all AlixPartners) to discuss SBA and borrower refund
process updates
06/07/2023 NL Attend call with J. Mullaney, T. Williams, I. Naraine, J. Arnold (all KServicing) J. 0.3
Nelson, N. LoBiondo (all AlixPartners) to discuss SBA and borrower refund
process updates
06/08/2023 JN Attend Board call with C. Arthur (Weil) D. Kurzweil (Greenberg) L. Milner, S. 0.5
Kafiti, D. Evans, E. Hartz, R. Gregg, L. Taylor (all KServicing) to discuss case
updates
06/08/2023 JN Attend call with S. Kafiti (KServicing) to discuss Effective Date planning 0.3
06/08/2023 JN Attend call with M. Kennedy (Chilmark) to discuss Effective Date planning 0.7
06/08/2023 TBT Send list of insurance policies to S. Moss (KServicing) as requested 0.1
06/12/2023 JN Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/12/2023 JN Review correspondence and documentation regarding effective date plan 0.4
requirements
06/12/2023 NL Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/12/2023 TBT Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/13/2023 JN Attend call with M. Kennedy (Chilmark) to discuss effective date planning 0.3
06/14/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 AP Develop May Cash Flow for MOR 2.1
06/14/2023 DCR Attend call with J. Mullaney, I. Naraine, S. Haliburton(all KServicing) D. Rieger- 0.2
Paganis, T. Thoroddsen (all AlixPartners) re: MOR and other tasks prior to
effective date
06/14/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 JN Attend call with M. Kennedy (Chilmark) to discuss effective date planning 0.3
06/14/2023 JN Attend call with S. Kafiti (KServicing) to discuss effective date planning 0.4
06/14/2023 JN Review correspondence and documentation regarding effective date plan 0.4
requirements
06/14/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 NL Finalize cash collateral budget variance report and permitted variance test for week 1.3
ended 6/9/23
06/14/2023 NL Prepare cash balances reporting as of 6/9/23 0.6
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 9 of 32

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
06/14/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.2
ended 6/9/23
06/14/2023 TBT Attend call with J. Mullaney, I. Naraine, S. Haliburton(all KServicing) D. Rieger- 0.2
Paganis, T. Thoroddsen (all AlixPartners) re: MOR and other tasks prior to
effective date
06/14/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 TBT Review correspondence from C. Arthur (Weil) re: requirements for the plan to go 0.1
effective
06/14/2023 TBT Send correspondence to S. Spencer, N. Manos (both Resolute), T. Williams 0.1
(KServicing) re: MOR filing prior to effective date
06/15/2023 JN Attend call with C. Bentley (Weil) to discuss effective date planning 0.1
06/15/2023 TBT Review notice of fourth plan supplement and updated exhibit 0.2
06/16/2023 AP Develop May MOR for review 1.6
06/16/2023 JN Attend call with S. Kafiti (KServicing) to discuss effective date planning 0.4
06/16/2023 JN Respond to case-related emails 0.6
06/16/2023 TBT Review correspondence from C. Arthur (Weil) re: KS going effective 0.1
06/16/2023 TBT Review updates from S. Moss (KServicing) re: transfer of 401k funds 0.1
06/17/2023 TBT Send correspondence to T. Williams, I. Naraine (both KServicing) re: June's MOR 0.1
06/19/2023 AP Adjust May MOR per comments from Lawyers 1.3
06/19/2023 AP Development of May MOR for filing 1.8
06/19/2023 TBT Review additional updates to May MOR from A. Perrella (AlixPartners) 0.2
06/19/2023 TBT Review May MOR 0.6
06/19/2023 TBT Review response by T. Williams (KServicing) re: employee count for May MOR 0.1
06/19/2023 TBT Review revised May MOR from A. Perrella (AlixPartners) 0.3
06/19/2023 TBT Send comments to A. Perrella (AlixPartners) re: May MOR 0.1
06/19/2023 TBT Send correspondence to A. Perrella (AlixPartners) re: May MOR 0.1
06/19/2023 TBT Send correspondence to T. Williams (KServicing) re: employee count for May 0.1
MOR
06/20/2023 AP Adjust May MOR per comments from Lawyers 0.9
06/20/2023 AP Attend call with J. Nelson, A. Perrella (all AlixPartners) to discuss professionals 0.2
escrow funding
06/20/2023 JN Attend call with M. Kennedy (Chilmark) to discuss professionals escrow account 0.2
funding
06/20/2023 JN Attend call with J. Nelson, A. Perrella (all AlixPartners) to discuss professionals 0.2
escrow funding
06/20/2023 JN Conduct analysis of professionals carve-out account surplus 0.7
06/20/2023 JN Correspond with management and professionals regarding professionals escrow 0.5
transfer
06/20/2023 JN Review professional fee escrow agreement 0.4
06/20/2023 TBT Review final MOR from A. Perrella (AlixPartners) reflecting comments from A. 0.3
Suarez (Weil) and headcount information from T. Williams (KServicing)
06/20/2023 TBT Review notice of effective date as of 6/20/2023 0.1
06/20/2023 TBT Review updated information from T. Williams (KServicing) re: headcount 0.1
information for May
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 10 of 32

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
06/20/2023 TBT Send information to I. Naraine, T. Williams (both KServicing) re: June MOR based 0.1
on 6/20/2023 effective date
Total Professional Hours 26.7
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 11 of 32

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 0.7 $ 854.00
James Nelson $1,020 8.5 8,670.00
Thora B Thoroddsen $950 3.9 3,705.00
Anthony Perrella $605 8.4 5,082.00
Nicholas LoBiondo $605 5.2 3,146.00
Total Professional Hours and Fees 26.7 $ 21,457.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 12 of 32

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
06/01/2023 JN Prepare responses to potential legacy loan bidder due diligence questions 1.3
06/06/2023 JN Conduct research regarding charged-off legacy loans 0.7
06/06/2023 JN Prepare responses to Fed advisor questions regarding revised CCO budget 0.5
06/06/2023 JN Prepare responses to legacy loan related party questions 0.7
06/09/2023 JN Attend call with S. Kafiti (KServicing) with potential legacy loan bidder to discuss 0.5
transition to Vervent
06/09/2023 JN Review analysis of forward flow buy-out options 0.7
06/12/2023 JN Coordinate responses to diligence questions from legacy loan forward flow parties 0.8
06/13/2023 JN Review revised charged-off loan inventory for potential sale process 0.7
06/16/2023 JN Attend call with with S. Kafiti (KServicing) re: potential legacy loan bidder to 0.5
discuss transition to Vervent
06/20/2023 JN Prepare responses potential legacy buyer information requests 1.1
Total Professional Hours 7.5
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 13 of 32

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 7.5 7,650.00
Total Professional Hours and Fees 7.5 $ 7,650.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 14 of 32

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
06/01/2023 DCR Review and respond to case related emails. 0.2
06/01/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.5
06/01/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.5
collateral budget and delayed effective date analysis
06/01/2023 JN Prepare responses to potential legacy loan bidder due diligence questions 1.3
06/01/2023 JN Review KS board update materials 0.4
06/01/2023 JN Review updated KS staffing plan for budget updates 0.6
06/01/2023 JN Revise updated cash collateral budget 1.1
06/01/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated cash 0.5
collateral budget and delayed effective date analysis
06/01/2023 NL Continue updates to cash collateral budget through week-ended 6/16/23 2.8
06/01/2023 NL Prepare updated cash collateral budget output for Management and Chilmark 1.5
06/01/2023 NL $1,789 2.5
06/01/2023 NL Update wind down budget to reflect delayed Effective Date Timing 1.5
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 AP Review of legacy loan portfolio for SIF loans 0.6
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 DCR Review and respond to case related emails. 0.3
06/02/2023 JN Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/02/2023 JN Attend call with M. Kennedy(all Chilmark) S. Kafiti(all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to discuss CRB remittance issue and next steps
06/02/2023 JN Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all 0.4
AlixPartners) to discuss KServicing staffing updates
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 JN Respond to legacy transition-related emails 0.6
06/02/2023 JN Revise professional fees forecast 0.3
06/02/2023 JN Travel from New York, NY to Boston, MA following engagement team meetings 3.5
06/02/2023 NL Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/02/2023 NL Attend call with M. Kennedy(all Chilmark) S. Kafiti(all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to discuss CRB remittance issue and next steps
06/02/2023 NL Attend call with D. Evans (all KServicing) J. Nelson, N. LoBiondo (all 0.4
AlixPartners) to discuss KServicing staffing updates
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 15 of 32

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
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 NL Finalize cash collateral budget output for Management and Chilmark 2.5
06/02/2023 NL Update professional fee tracker for March fee application amounts paid week- 1.1
ended 6/2
06/02/2023 TBT Attend call with J. Mullaney, T. Williams, S. Haliburton, I. Naraine(all 0.4
KServicing) J. Nelson, T. Thoroddsen, N. LoBiondo (all AlixPartners) to discuss
borrower refunds and SBA payment process updates, timing of additional tax
payments, and other AP payment timing
06/02/2023 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, CRB
remittance issue, and status of legacy loan transfer/sale
06/02/2023 TBT Review updates from N. LoBiondo (AlixPartners) re: this week's payments 0.1
06/05/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/05/2023 DCR Review and respond to case related emails. 0.3
06/05/2023 JN Attend call with J. Mullaney, T. Williams, I. Naraine(all KServicing) J. Nelson, N. 0.2
LoBiondo (all AlixPartners) to discuss status of SBA refunds and CRB remittance
06/05/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/05/2023 JN Conduct analysis of Amex legacy loan charges 0.5
06/05/2023 JN Conduct research regarding CCO requirements 0.7
06/05/2023 JN Conduct research regarding CIT claim 0.6
06/05/2023 JN Respond to correspondence regarding claims 0.4
06/05/2023 JN Review TSA invoices and supporting schedules 0.4
06/05/2023 NL Attend call with J. Mullaney, T. Williams, I. Naraine(all KServicing) J. Nelson, N. 0.2
LoBiondo (all AlixPartners) to discuss status of SBA refunds and CRB remittance
06/05/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.2
wind down budget timing and status of weekly deliverables
06/05/2023 TBT Respond to S. Kafiti (KServicing) re: CIT 0.1
06/05/2023 TBT Send correspondence to J. Foster (Resolute) re: CIT 0.1
06/05/2023 TBT Send correspondence to J. Kearney (KServicing) re: computer inventory 0.1
06/05/2023 TBT Send correspondence to J. Nelson (AlixPartners) re: CIT lease 0.1
06/06/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.4
06/06/2023 JN Conduct research regarding charged-off legacy loans 0.7
06/06/2023 JN Prepare responses to Fed advisor questions regarding revised CCO budget 0.6
06/06/2023 JN Prepare responses to Fed advisor questions regarding revised CCO budget 0.5
06/06/2023 JN Prepare responses to legacy loan related party questions 0.7
06/06/2023 TBT Attend call with S. Kafiti (KServicing) S. Smith, N. Manos (both Resolute) to 0.5
discuss CIT claims
06/07/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 AP Update legacy loan portfolio for received SIF/PIF list 1.6
06/07/2023 DCR Participate in call with KS Finance team. 0.3
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 16 of 32

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
06/07/2023 DCR Review and respond to case related emails. 0.3
06/07/2023 DCR Review weekly cash flow variance report. 0.4
06/07/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 JN Attend call with C. Bentley (Weil) to discuss Effective Date planning 0.2
06/07/2023 JN Attend call with M. Kennedy (Chilmark) to discuss Effective Date planning 0.4
06/07/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 JN Attend call with D. Evans, A. Goff, S. Kafiti (all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to review loans to be transferred to SBA
06/07/2023 JN Review of weekly budget variance report 0.6
06/07/2023 JN Review of weekly cash collateral reporting for Fed 0.5
06/07/2023 JN Review updated payroll forecast for inclusion with wind-down budget 0.6
06/07/2023 JN Attend call with J. Mullaney, T. Williams, I. Naraine, J. Arnold (all KServicing) J. 0.3
Nelson, N. LoBiondo (all AlixPartners) to discuss SBA and borrower refund
process updates
06/07/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo, A. Perrella (all 0.5
AlixPartners) to discuss legacy loan sale updates, cash collateral budget updates,
and effective date gating
06/07/2023 NL Attend call with J. Mullaney, T. Williams, I. Naraine, J. Arnold (all KServicing) J. 0.3
Nelson, N. LoBiondo (all AlixPartners) to discuss SBA and borrower refund
process updates
06/07/2023 NL Attend call with D. Evans, A. Goff (all KServicing) J. Nelson, N. LoBiondo (all 0.5
AlixPartners) to discuss SBA assignment of Kabbage Direct loans
06/07/2023 NL Finalize updates to cash flow forecast for actuals through 6/2/23 and perform 1.5
reconciliation to daily cash report
06/07/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.3
ended 6/2/23
06/07/2023 NL Update cash collateral budget for legacy loan actuals for week-ended 6/2/23 1.8
06/07/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 2.1
week-ended 6/2/23
06/08/2023 JN Attend Board call with C. Arthur (Weil) D. Kurzweil (Greenberg) L. Milner, S. 0.5
Kafiti, D. Evans, E. Hartz, R. Gregg, L. Taylor (all KServicing) to discuss case
updates
06/08/2023 JN Attend call with S. Kafiti (KServicing) to discuss Effective Date planning 0.3
06/08/2023 JN Attend call to discuss status of SBA refunds and CRB remittance with J. Mullaney, 0.2
T. Williams, I. Naraine(all KServicing) J. Nelson, N. LoBiondo (all AlixPartners)
06/08/2023 JN Attend call with S. Kafiti (KServicing) with forward flow party to discuss 0.4
transition to Vervent
06/08/2023 JN Attend call with M. Kennedy (Chilmark) to discuss Effective Date planning 0.7
06/08/2023 JN Conduct research re: month-end PPPLF statement 1.0
06/08/2023 JN Review Vervent/Amex transition updates 0.4
06/08/2023 NL Attend call to discuss status of SBA refunds and CRB remittance with J. Mullaney, 0.2
T. Williams, I. Naraine(all KServicing) J. Nelson, N. LoBiondo (all AlixPartners)
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 17 of 32

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
06/08/2023 NL Review AP check run file for week-ended 6/9/23 2.3
06/08/2023 TBT Review correspondence from C. Bentley (Weil) re: updated KS assumption notice 0.1
06/08/2023 TBT Send list of insurance policies to S. Moss (KServicing) as requested 0.1
06/09/2023 AP Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
06/09/2023 AP Update contract assumption schedules with new contract 1.2
06/09/2023 AP Update professional fee accruals for May 1.6
06/09/2023 JN Attend call with S. Smith, N. Manos (all Resolute) M. Kennedy (Chilmark) J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to discuss revised wind-down budget
06/09/2023 JN Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
06/09/2023 JN Attend call with S. Kafiti (KServicing) with potential legacy loan bidder to discuss 0.5
transition to Vervent
06/09/2023 JN Prepare case accomplishment summary 0.8
06/09/2023 JN Review analysis of forward flow buy-out options 0.7
06/09/2023 JN Review wind-down budget changes 0.7
06/09/2023 NL Attend call with M. Kennedy (all Chilmark) S. Smith, N. Manos (all Resolute) J. 1.0
Nelson, N. LoBiondo (all AlixPartners) to discuss updated wind down budget
06/09/2023 NL Attend call with J. Nelson, N. LoBiondo, A. Perrella (all AlixPartners) to discuss 0.4
legacy loan transfer updates and effective date gating items
06/12/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 DCR Review and respond to case related emails. 0.3
06/12/2023 JN Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/12/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/12/2023 JN Coordinate responses to diligence questions from legacy loan forward flow parties 0.8
06/12/2023 JN Review correspondence and documentation regarding effective date plan 0.4
requirements
06/12/2023 JN Review cost/benefit analysis of forward flow party loans 0.7
06/12/2023 JN Revise updated winddown budget 1.5
06/12/2023 NL Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/12/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 18 of 32

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
06/12/2023 TBT Attend call with S. Haliburton, J. Arnold(all KServicing) J. Nelson, N. LoBiondo, 0.3
T. Thoroddsen (all AlixPartners) to discuss SBA refund process updates and status
of May MOR
06/12/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.6
Perrella (all AlixPartners) to discuss updated wind down budget timeline, status of
weekly deliverables, and effective date gating items
06/13/2023 AP Update of PIF/SIF list for legacy loan transaction 1.4
06/13/2023 DCR Review and respond to case related emails. 0.4
06/13/2023 JN Attend call with D. Evans (KServicing) to discuss Vervent transition 0.5
06/13/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss case priorities 0.5
06/13/2023 JN Attend call with M. Kennedy (Chilmark) to discuss effective date planning 0.3
06/13/2023 JN Review Second Interim Fee Order 0.2
06/13/2023 JN Review revised charged-off loan inventory for potential sale process 0.7
06/13/2023 JN Revise estimate of Vervent transition and run-rate servicing costs 1.2
06/13/2023 NL Finalize updates to cash flow forecast for actuals through 6/9/23 and perform 1.6
reconciliation to daily cash report
06/13/2023 NL Prepare updated wind down budget output for Chilmark 1.1
06/13/2023 NL Update cash collateral budget for legacy loan actuals for week-ended 6/9/23 1.6
06/13/2023 NL Update cash collateral budget for operating and non-operating expense actuals for 1.7
week-ended 6/9/23
06/13/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss case priorities 0.5
06/13/2023 TBT Send claim information to S. Kafiti (KServicing) re: CRB claim as requested 0.1
06/14/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 AP Develop May Cash Flow for MOR 2.1
06/14/2023 AP Update professional fee carve-out excess analysis with latest professional fee 1.6
estimates
06/14/2023 DCR Attend call with J. Mullaney, I. Naraine, S. Haliburton(all KServicing) D. Rieger- 0.2
Paganis, T. Thoroddsen (all AlixPartners) re: MOR and other tasks prior to
effective date
06/14/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 DCR Review and respond to case related emails. 0.3
06/14/2023 DCR Review cash variance report. 0.3
06/14/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 JN Attend call with M. Kennedy (Chilmark) to discuss effective date planning 0.3
06/14/2023 JN Attend call with S. Kafiti (KServicing) to discuss effective date planning 0.4
06/14/2023 JN Conduct research regarding Fed advisor questions about Vervent transition 0.7
06/14/2023 JN Conduct treasury cash management activities 0.6
06/14/2023 JN Review correspondence and documentation regarding effective date plan 0.4
requirements
06/14/2023 JN Review cost/benefit analysis of forward flow party loans 0.5
06/14/2023 JN Review Fed advisor feedback regarding revised winddown budget 0.4
06/14/2023 JN Review of cash collateral budget variance report 0.3
06/14/2023 JN Review of weekly cash collateral reporting for Fed 0.3
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 19 of 32

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
06/14/2023 NL Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 NL Finalize cash collateral budget variance report and permitted variance test for week 1.3
ended 6/9/23
06/14/2023 NL Prepare cash balances reporting as of 6/9/23 0.6
06/14/2023 NL Prepare cash collateral budget variance report and permitted variance test for week 2.2
ended 6/9/23
06/14/2023 NL Respond to Chilmark and Resolute inquires on updated wind down budget 0.8
06/14/2023 NL Review AP check run invoices for payment week-ended 6/9/23 1.4
06/14/2023 NL Update wind down budget update per comments from Resolute and Chilmark 1.3
06/14/2023 TBT Attend call with J. Mullaney, I. Naraine, S. Haliburton(all KServicing) D. Rieger- 0.2
Paganis, T. Thoroddsen (all AlixPartners) re: MOR and other tasks prior to
effective date
06/14/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, N. LoBiondo, A. 0.5
Perrella (all AlixPartners) re: MOR, cash flows and other transition activities
06/14/2023 TBT Review correspondence from C. Arthur (Weil) re: requirements for the plan to go 0.1
effective
06/14/2023 TBT Review payables to be paid this week from I. Naraine (KServicing) 0.3
06/14/2023 TBT Send correspondence to N. LoBiondo (AlixPartners) re: this week's payables 0.1
06/14/2023 TBT Send correspondence to S. Smith, N. Manos (both Resolute) re: CIT lease 0.1
06/14/2023 TBT Send correspondence to S. Smith, N. Manos (both Resolute) re: claims analysis 0.1
06/14/2023 TBT Send correspondence to S. Spencer, N. Manos (both Resolute), T. Williams 0.1
(KServicing) re: MOR filing prior to effective date
06/15/2023 JN Attend call with C. Bentley (Weil) to discuss effective date planning 0.1
06/15/2023 JN Conduct research regarding Fed advisor questions about Vervent transition 0.4
06/15/2023 JN Review final contract assumptions schedules 0.5
06/15/2023 TBT Review notice of fourth plan supplement and updated exhibit 0.2
06/16/2023 AP Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 AP Develop May MOR for review 1.6
06/16/2023 DCR Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 DCR Review and respond to case related emails. 0.5
06/16/2023 JN Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
06/16/2023 JN Attend call with S. Smith, N. Manos (all Resolute) J. Nelson, T. Thoroddsen (all 0.5
AlixPartners) re: claims reconciliation and resolution status
06/16/2023 JN Attend call with with S. Kafiti (KServicing) re: potential legacy loan bidder to 0.5
discuss transition to Vervent
06/16/2023 JN Attend call with S. Kafiti (KServicing) to discuss effective date planning 0.4
06/16/2023 JN Respond to case-related emails 0.6
06/16/2023 JN Review updated claims summary and analysis 0.8
06/16/2023 LMB Prepare professional fees for May 2023 monthly fee application 0.8
06/16/2023 TBT Attend call with D. Rieger-Paganis, J. Nelson, T. Thoroddsen, A. Perrella (all 0.5
AlixPartners) re: case status and transition to Resolute
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 20 of 32

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
06/16/2023 TBT Attend call with S. Smith, N. Manos (all Resolute) J. Nelson, T. Thoroddsen (all 0.5
AlixPartners) re: claims reconciliation and resolution status
06/16/2023 TBT Final preparation of claims analysis to share with Resolute 2.2
06/16/2023 TBT Review correspondence from C. Arthur (Weil) re: KS going effective 0.1
06/16/2023 TBT Review correspondence from K. Steverson (Omni) re: admin and damage claims 0.1
bar dates
06/16/2023 TBT Review updates from S. Moss (KServicing) re: transfer of 401k funds 0.1
06/16/2023 TBT Send correspondence to K. Steverson (Omni) re: admin and rejection damages 0.1
claims bar date
06/16/2023 TBT Send correspondence to K. Steverson (Omni) re: latest claims register 0.1
06/16/2023 TBT Update claims analysis to send to S. Smith, N. Manos (both Resolute) 0.2
06/17/2023 TBT Send correspondence to T. Williams, I. Naraine (both KServicing) re: June's MOR 0.1
06/19/2023 AP Adjust May MOR per comments from Lawyers 1.3
06/19/2023 AP Development of May MOR for filing 1.8
06/19/2023 LCV Prepare professional fees for May 2023 monthly fee application 1.2
06/19/2023 TBT Review additional updates to May MOR from A. Perrella (AlixPartners) 0.2
06/19/2023 TBT Review May MOR 0.6
06/19/2023 TBT Review response by T. Williams (KServicing) re: employee count for May MOR 0.1
06/19/2023 TBT Review revised May MOR from A. Perrella (AlixPartners) 0.3
06/19/2023 TBT Send comments to A. Perrella (AlixPartners) re: May MOR 0.1
06/19/2023 TBT Send correspondence to A. Perrella (AlixPartners) re: May MOR 0.1
06/19/2023 TBT Send correspondence to T. Williams (KServicing) re: employee count for May 0.1
MOR
06/20/2023 AP Adjust May MOR per comments from Lawyers 0.9
06/20/2023 AP Attend call with J. Nelson, A. Perrella (all AlixPartners) to discuss professionals 0.2
escrow funding
06/20/2023 JN Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss CCO 0.2
reporting
06/20/2023 JN Attend call with M. Kennedy (Chilmark) to discuss professionals escrow account 0.2
funding
06/20/2023 JN Attend call with J. Nelson, A. Perrella (all AlixPartners) to discuss professionals 0.2
escrow funding
06/20/2023 JN Conduct analysis of professionals carve-out account surplus 0.7
06/20/2023 JN Correspond with management and professionals regarding professionals escrow 0.5
transfer
06/20/2023 JN Prepare responses potential legacy buyer information requests 1.1
06/20/2023 JN Review professional fee escrow agreement 0.4
06/20/2023 LCV Prepare professional fees for May 2023 monthly/interim fee applications 1.4
06/20/2023 LMB Prepare professional fees for May 2023 monthly fee statement 1.0
06/20/2023 NL Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss CCO 0.2
reporting
06/20/2023 TBT Respond to I. Naraine (KServicing) re: Omni invoice 0.1
06/20/2023 TBT Review final MOR from A. Perrella (AlixPartners) reflecting comments from A. 0.3
Suarez (Weil) and headcount information from T. Williams (KServicing)
06/20/2023 TBT Review notice of effective date as of 6/20/2023 0.1
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 21 of 32

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
06/20/2023 TBT Review updated information from T. Williams (KServicing) re: headcount 0.1
information for May
06/20/2023 TBT Send correspondence to K. Steverson (Omni) re: invoice 0.1
06/20/2023 TBT Send information to I. Naraine, T. Williams (both KServicing) re: June MOR based 0.1
on 6/20/2023 effective date
Total Professional Hours 131.6
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 22 of 32

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 0.7 $ 665.00
Nicholas LoBiondo $605 3.7 2,238.50
Total Professional Hours and Fees 4.4 $ 2,903.50
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 23 of 32

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
06/05/2023 TBT Respond to S. Kafiti (KServicing) re: CIT 0.1
06/05/2023 TBT Send correspondence to J. Foster (Resolute) re: CIT 0.1
06/05/2023 TBT Send correspondence to J. Kearney (KServicing) re: computer inventory 0.1
06/05/2023 TBT Send correspondence to J. Nelson (AlixPartners) re: CIT lease 0.1
06/06/2023 TBT Attend call with S. Kafiti (KServicing) S. Smith, N. Manos (both Resolute) to 0.5
discuss CIT claims
06/08/2023 TBT Review correspondence from C. Bentley (Weil) re: updated KS assumption notice 0.1
06/09/2023 AP Update contract assumption schedules with new contract 1.2
06/14/2023 TBT Send correspondence to S. Smith, N. Manos (both Resolute) re: CIT lease 0.1
06/15/2023 JN Review final contract assumptions schedules 0.5
Total Professional Hours 2.8
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 24 of 32

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
James Nelson $1,020 0.5 $ 510.00
Thora B Thoroddsen $950 1.1 1,045.00
Anthony Perrella $605 1.2 726.00
Total Professional Hours and Fees 2.8 $ 2,281.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 25 of 32

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
06/05/2023 JN Conduct research regarding CIT claim 0.6
06/05/2023 JN Respond to correspondence regarding claims 0.4
06/13/2023 TBT Send claim information to S. Kafiti (KServicing) re: CRB claim as requested 0.1
06/14/2023 TBT Send correspondence to S. Smith, N. Manos (both Resolute) re: claims analysis 0.1
06/16/2023 JN Attend call with S. Smith, N. Manos (all Resolute) J. Nelson, T. Thoroddsen (all 0.5
AlixPartners) re: claims reconciliation and resolution status
06/16/2023 JN Review updated claims summary and analysis 0.8
06/16/2023 TBT Attend call with S. Smith, N. Manos (all Resolute) J. Nelson, T. Thoroddsen (all 0.5
AlixPartners) re: claims reconciliation and resolution status
06/16/2023 TBT Final preparation of claims analysis to share with Resolute 2.2
06/16/2023 TBT Review correspondence from K. Steverson (Omni) re: admin and damage claims 0.1
bar dates
06/16/2023 TBT Send correspondence to K. Steverson (Omni) re: admin and rejection damages 0.1
claims bar date
06/16/2023 TBT Send correspondence to K. Steverson (Omni) re: latest claims register 0.1
06/16/2023 TBT Update claims analysis to send to S. Smith, N. Manos (both Resolute) 0.2
Total Professional Hours 5.7
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 26 of 32

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
James Nelson $1,020 2.3 $ 2,346.00
Thora B Thoroddsen $950 3.4 3,230.00
Total Professional Hours and Fees 5.7 $ 5,576.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 27 of 32

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
06/13/2023 JN Review Second Interim Fee Order 0.2
06/16/2023 LMB Prepare professional fees for May 2023 monthly fee application 0.8
06/19/2023 LCV Prepare professional fees for May 2023 monthly fee application 1.2
06/20/2023 LCV Prepare professional fees for May 2023 monthly/interim fee applications 1.4
06/20/2023 LMB Prepare professional fees for May 2023 monthly fee statement 1.0
Total Professional Hours 4.6
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 28 of 32

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
James Nelson $1,020 0.2 $ 204.00
Laura Capen Verry $540 2.6 1,404.00
Lisa Marie Bonito $500 1.8 900.00
Total Professional Hours and Fees 4.6 $ 2,508.00
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 29 of 32

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
06/01/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.5
06/02/2023 AP Review of legacy loan portfolio for SIF loans 0.6
06/02/2023 JN Respond to legacy transition-related emails 0.6
06/06/2023 JN Attend call with S. Kafiti (KServicing) to discuss legacy loan transition 0.4
06/07/2023 AP Update legacy loan portfolio for received SIF/PIF list 1.6
06/07/2023 JN Attend call with D. Evans, A. Goff, S. Kafiti (all KServicing) J. Nelson, N. 0.5
LoBiondo (all AlixPartners) to review loans to be transferred to SBA
06/07/2023 NL Attend call with D. Evans, A. Goff (all KServicing) J. Nelson, N. LoBiondo (all 0.5
AlixPartners) to discuss SBA assignment of Kabbage Direct loans
06/08/2023 JN Attend call with S. Kafiti (KServicing) with forward flow party to discuss 0.4
transition to Vervent
06/08/2023 JN Review Vervent/Amex transition updates 0.4
06/12/2023 JN Review cost/benefit analysis of forward flow party loans 0.7
06/13/2023 AP Update of PIF/SIF list for legacy loan transaction 1.4
06/13/2023 JN Attend call with D. Evans (KServicing) to discuss Vervent transition 0.5
06/13/2023 JN Revise estimate of Vervent transition and run-rate servicing costs 1.2
06/14/2023 JN Conduct research regarding Fed advisor questions about Vervent transition 0.7
06/14/2023 JN Review cost/benefit analysis of forward flow party loans 0.5
06/15/2023 JN Conduct research regarding Fed advisor questions about Vervent transition 0.4
Total Professional Hours 10.9
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 30 of 32

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
James Nelson $1,020 6.8 $ 6,936.00
Anthony Perrella $605 3.6 2,178.00
Nicholas LoBiondo $605 0.5 302.50
Total Professional Hours and Fees 10.9 $ 9,416.50
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 31 of 32

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
06/02/2023 JN Travel from New York, NY to Boston, MA following engagement team meetings 3.5
Total Professional Hours 3.5
Case 22-10951-CTG Doc 907-2 Filed 07/19/23 Page 32 of 32

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 3.5 $ 3,570.00
Total Professional Hours and Fees 3.5 $ 3,570.00
Less 50% Travel (1,785.00)
Total Professional Hours $ 1,785.00

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In re Kabbage (KServicing) — AlixPartners Hours and Fees by Matter Category (June 2023)

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