Full text
EXHIBIT A
SUMMARY OF BILLING BY PROJECT CATEGORY
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
Project Category
Monthly Hours
Monthly Fees
Federal Income Tax Returns/Extensions
1.2
$678.40
Fee Apps and Retention
61.9
29,675.60
Transfer Pricing
1.3
934.80
Tax Consulting
151.8
120,587.60
Sub-Total:
216.2
$151,876.40
Voluntary Discount:
(23,000.00)1
TOTAL:
$128,876.40
SUMMARY OF BILLING BY PROFESSIONAL
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
Professional
Position
Hours
Hourly Rate
Amount
Michael Masciangelo
Principal, CTS
6.9
$1,150.00
$7,935.00
Doug Chestnut
Managing Director, NTO
1.4
1,008.00
1,411.20
Rich Liebman
Managing Director, NTO
42.1
1,008.00
42,436.80
Janet Schabhutl
Managing Director, NTO
0.5
1,008.00
504.00
Kevin Wilkes
Principal, TAS
13.2
960.00
12,672.00
Annie Lee
Principal, ITS
2.2
820.00
1,804.00
Todd Simmens
Principal, CTS
0.5
1,150.00
575.00
Connie Cunningham
Principal, CTS
0.5
820.00
410.00
Micscha van der Kamp
Principal, Transfer Pricing
0.5
820.00
410.00
Lucy Germano
Director, TAS
1.3
680.00
884.00
Sara Anderson
Senior Manager, Transfer Pricing
0.8
656.00
524.80
Jesse Hooker
Manager, TAS
1.3
640.00
832.00
Alina Pierce
Manager, TAS
75.8
640.00
48,512.00
John Gifford
Senior Manager, ASC740
1.0
632.00
632.00
Hannah Hobson
Experienced Senior, TAS
36.1
552.00
19,927.20
Melody Song
Experienced Senior, TAS
14.5
552.00
8,004.00
Ryan Keating
Senior, TAS
2.0
484.00
968.00
Tom O'Callaghan
Associate, CTS
0.2
232.00
46.40
Jared Schierbaum
Senior Associate, BRS
15.4
220.00
3,388.00
Sub-Total:
216.2
$151,876.40
Voluntary Discount:
(23,000.00)2
216.2
$128,876.40
Blended Rate:
$596.10
1 This voluntary discount of $23,000.00 is for administrative services.
2 This voluntary discount of $23,000.00 is for administrative services.
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 1 of 9
EXHIBIT B
VYAIRE MEDICAL, INC., ET AL.
SUMMARY OF BILLING BY EXPENSE CATEGORY
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
There are No Expenses for October 2024
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 2 of 9
EXHIBIT C
VYAIRE MEDICAL, INC., ET AL.
ITEMIZED TIME RECORDS
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 3 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
1
10/10/2024
TO
Forwarded Form K-1s to client.
0.2
$232.00
$46.40
1
10/21/2024
JG
Pulled documentation related to IRS Notice Form 13736.
0.3
632.00
189.60
1
10/21/2024
JG
Researched filing requirements for partnerships with no activity.
0.5
632.00
316.00
1
10/21/2024
JG
Drafted IRS response letter regarding notice form 13736.
0.2
632.00
126.40
8
10/1/2024
MS
Updated September fee application exhibit.
0.1
552.00
55.20
8
10/1/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
1.1
552.00
607.20
8
10/2/2024
AP
Reviewed June fee application questions.
0.2
640.00
128.00
8
10/2/2024
RK
Updated exhibits related to BDO's September 2024 fee statement.
2.0
484.00
968.00
8
10/2/2024
MS
Reviewed September entries and updated descriptions.
1.9
552.00
1,048.80
8
10/2/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
2.7
552.00
1,490.40
8
10/2/2024
HH
Updated exhibits related to BDO's August 2024 fee statement.
1.6
552.00
883.20
8
10/3/2024
MS
Prepared September fee application exhibit.
1.8
552.00
993.60
8
10/3/2024
HH
Updated exhibits related to BDO's August 2024 fee statement.
1.1
552.00
607.20
8
10/5/2024
MS
Prepared September fee application exhibit.
0.3
552.00
165.60
8
10/7/2024
MS
Prepared September fee application exhibit.
2.6
552.00
1,435.20
8
10/7/2024
HH
Updated exhibits related to BDO's August 2024 fee statement.
3.4
552.00
1,876.80
8
10/8/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
1.3
552.00
717.60
8
10/9/2024
MS
Updated September fee application exhibit.
0.6
552.00
331.20
8
10/9/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
0.9
552.00
496.80
8
10/9/2024
JS
Reconciled with billing department regarding 1st interim fee application.
1.0
220.00
220.00
8
10/10/2024
MS
Continued to update September fee application exhibit.
0.5
552.00
276.00
8
10/10/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
2.9
552.00
1,600.80
8
10/11/2024
MS
Continued to update September fee application.
0.5
552.00
276.00
8
10/11/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
1.8
552.00
993.60
8
10/14/2024
JS
Updated exhibits related to BDO's September fee statement.
1.0
220.00
220.00
8
10/15/2024
MS
Continued to update September fee application.
1.2
552.00
662.40
8
10/15/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
0.9
552.00
496.80
8
10/16/2024
MS
Revised September fee application exhibit.
0.6
552.00
331.20
8
10/16/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
3.2
552.00
1,766.40
8
10/17/2024
MS
Finalized updating the September fee application exhibit.
0.2
552.00
110.40
8
10/17/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
1.3
552.00
717.60
8
10/17/2024
JS
Updated exhibits related to BDO's September fee statement.
0.5
220.00
110.00
8
10/18/2024
MS
Saved and sent the draft of September fee application exhibit to Jared for review.
0.3
552.00
165.60
8
10/18/2024
HH
Prepared fee estimate breakdown by month and reconciled fees billed.
1.1
552.00
607.20
8
10/18/2024
JS
Updated exhibits related to BDO's September fee statement.
1.5
220.00
330.00
8
10/22/2024
JS
Emailed with Counsel regarding status of 1st interim fee application.
0.7
220.00
154.00
8
10/22/2024
JS
Emailed with Counsel and Team regarding comments from US Trustee related to July and August
Fee statements.
0.5
220.00
110.00
8
10/23/2024
AP
Updated workplan tracker and sent to Rich L and Kevin W for review.
1.3
640.00
832.00
8
10/24/2024
AP
Internal allocation of the July fee payment. Followed up with CTS to confirm their allocation.
0.9
640.00
576.00
8
10/24/2024
AP
Updated workplan per Rich L's notes.
0.8
640.00
512.00
8
10/24/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
2.4
552.00
1,324.80
8
10/24/2024
JS
Prepared and updated BDO's September 2024 fee statement and related exhibits.
2.5
220.00
550.00
8
10/25/2024
AP
Updated the Vyaire workplan.
1.8
640.00
1,152.00
8
10/25/2024
AP
Reviewed June - August fee applications and internal allocation.
1.2
640.00
768.00
8
10/25/2024
AP
Reviewed September fee appliation.
0.5
640.00
320.00
8
10/25/2024
MS
Reviewed and edited existing October time entry details.
1.2
552.00
662.40
8
10/25/2024
JS
Began preparation of BDO's 1st interim fee application.
1.0
220.00
220.00
8
10/25/2024
JS
Updated BDO's September 2024 fee statement and related exhibits.
1.0
220.00
220.00
8
10/28/2024
JS
Continued to update BDO's 1st Interim Fee Application.
3.2
220.00
704.00
8
10/30/2024
MS
Prepared October fee application exhibit.
0.6
552.00
331.20
8
10/30/2024
JS
Continued to update BDO's 1st Interim Fee Application.
1.0
220.00
220.00
8
10/31/2024
MS
Prepared October fee application exhibit.
0.2
552.00
110.40
8
10/31/2024
JS
Finalized BDO's 1st Interim and September 2024 Fee Applications and sent to Counsel for review
1.0
220.00
220.00
15
10/4/2024
SA
Reviewed client's provided data regarding transfer pricing analysis and followed up with remaining
request.
0.8
656.00
524.80
15
10/28/2024
MvK
Email correspondence with James T-C and Randi regarding BEAT project.
0.5
820.00
410.00
16
10/1/2024
AP
Call with Kevin Wilkes, Rich Liebman, Todd Simmens and Annie Lee - discussed Forms 8832 with
respect to CFCs, likelihood Forms 8832 were filed, and whether next steps were expected to be
0.5
640.00
320.00
16
10/1/2024
AL
Call with Alina Pierce, Rich Liebman, Todd Simmens and Kevin Wilkes - discussed Forms 8832
with respect to CFCs, likelihood Forms 8832 were filed, and whether next steps were expected to
0.5
820.00
410.00
16
10/1/2024
RL
Call with Alina Pierce, Kevin Wilkes, Todd Simmens and Annie Lee - discussed Forms 8832 with
respect to CFCs, likelihood Forms 8832 were filed, and whether next steps were expected to be
necessary.
0.5
1,008.00
504.00
16
10/1/2024
TS
Call with Alina Pierce, Rich Liebman, Kevin Wilkes and Annie Lee - discussed Forms 8832 with
respect to CFCs, likelihood Forms 8832 were filed, and whether next steps were expected to be
necessary.
0.5
1,150.00
575.00
16
10/1/2024
KW
Call with Alina Pierce, Rich Liebman, Todd Simmens and Annie Lee - discussed Forms 8832 with
respect to CFCs, likelihood Forms 8832 were filed, and whether next steps were expected to be
necessary.
0.5
960.00
480.00
16
10/1/2024
AP
Call with Hannah H to discuss CODI study and remaining open items and action items.
0.8
640.00
512.00
16
10/1/2024
HH
Call with Alina P to discuss CODI study and remaining open items and action items.
0.8
552.00
441.60
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
1
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 4 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
16
10/1/2024
AP
Call with Kevin Wilkes, Doug Chestnut and Rich Liebman - discussed potential Section 988
ramifications with respect to novation agreements.
0.6
640.00
384.00
16
10/1/2024
DC
Call with Alina Pierce, Rich Liebman and Kevin Wilkes - discussed potential Section 988
ramifications with respect to novation agreements.
0.6
1,008.00
604.80
16
10/1/2024
RL
Call with Alina Pierce, Doug Chestnut and Kevin Wilkes - discussed potential Section 988
ramifications with respect to novation agreements.
0.6
1,008.00
604.80
16
10/1/2024
KW
Call with Alina Pierce, Doug Chestnut and Rich Liebman - discussed potential Section 988
ramifications with respect to novation agreements - left call early.
0.3
960.00
288.00
16
10/1/2024
AP
Call with Annie L, Rich L and Michael M to discuss section 338(g) election and US treatmen of
Vents sale in the international context.
0.9
640.00
576.00
16
10/1/2024
AL
Call with Alina P, Rich L and Michael M to discuss section 338(g) election and US treatmen of
Vents sale in the international context.
0.9
820.00
738.00
16
10/1/2024
RL
Call with Annie L, Alina P and Michael M to discuss section 338(g) election and US treatmen of
Vents sale in the international context.
0.9
1,008.00
907.20
16
10/1/2024
MM
Call with Annie L, Rich L and Alina P to discuss section 338(g) election and US treatmen of Vents
sale in the international context.
0.9
1,150.00
1,035.00
16
10/1/2024
AP
Call with Rich L and Connie C to discuss the proposed purchase price allocation of the Vents sale.
0.5
640.00
320.00
16
10/1/2024
CC
Call with Rich L and Alina P to discuss the proposed purchase price allocation of the Vents sale.
0.5
820.00
410.00
16
10/1/2024
RL
Call with Connie C and Alina P to discuss the proposed purchase price allocation of the Vents
sale.
0.5
1,008.00
504.00
16
10/1/2024
AP
Call with Kevin Wilkes, Annie Lee, Rich Liebman, Doug Chestnut, Michael Masciangelo, James
Talfourd-Cook, Nicholas Warther, and Sara Zblotney to discuss novation agreements,
intercompany balance settlement, Section 988, purchase price allocation, Section 245A, and
338(g) elections.
0.8
640.00
512.00
16
10/1/2024
AL
Call with Kevin Wilkes, Annie Lee, Alina Pierce, Rich Liebman, Doug Chestnut, Michael
Masciangelo, James Talfourd-Cook, Nicholas Warther, and Sara Zblotney to discuss novation
agreements, intercompany balance settlement, Section 988, purchase price allocation, Section
0.8
820.00
656.00
16
10/1/2024
DC
Call with Kevin Wilkes, Alina Pierce, Rich Liebman, Annie Lee, Michael Masciangelo, James
Talfourd-Cook, Nicholas Warther, and Sara Zblotney to discuss novation agreements,
intercompany balance settlement, Section 988, purchase price allocation, Section 245A, and
338(g) elections.
0.8
1,008.00
806.40
16
10/1/2024
RL
Call with Kevin Wilkes, Alina Pierce, Doug Chestnut, Annie Lee, Michael Masciangelo, James
Talfourd-Cook, Nicholas Warther, and Sara Zblotney to discuss novation agreements,
intercompany balance settlement, Section 988, purchase price allocation, Section 245A, and
338(g) elections.
0.8
1,008.00
806.40
16
10/1/2024
MM
Call with Kevin Wilkes, Alina Pierce, Doug Chestnut, Annie Lee, Rich Liebman, James Talfourd-
Cook, Nicholas Warther, and Sara Zblotney to discuss novation agreements, intercompany
balance settlement, Section 988, purchase price allocation, Section 245A, and 338(g) elections.
0.8
1,150.00
920.00
16
10/1/2024
KW
Call with Michael Masciangelo, Alina Pierce, Doug Chestnut, Annie Lee, Rich Liebman, James
Talfourd-Cook, Nicholas Warther, and Sara Zblotney to discuss novation agreements,
intercompany balance settlement, Section 988, purchase price allocation, Section 245A, and
338(g) elections.
0.9
960.00
864.00
16
10/1/2024
AP
Call with Rich L to discuss updates to Vents sales following discussion with K&E and international
1.2
640.00
768.00
16
10/1/2024
RL
Call with Alina P to discuss updates to Vents sales following discussion with K&E and international
1.2
1,008.00
1,209.60
16
10/1/2024
MM
Reviewed financial data related to swiss entities for purposes of CODI, 338g election,
computations.
0.6
1,150.00
690.00
16
10/1/2024
AP
Drafted responses to K&E comments regarding US treatment of novations.
0.7
640.00
448.00
16
10/1/2024
AP
Calculated insolvency of AMS and IMT and estimated CODI resulting from deemed cancellation of
intercompany debt.
1.2
640.00
768.00
16
10/1/2024
AP
Researched section 338(g) issues related to Vents sale.
0.6
640.00
384.00
16
10/1/2024
AP
Researched section 1060 allocation when there are multiple related sellers selling one trade or
business.
0.9
640.00
576.00
16
10/1/2024
HH
Updated CODI model and created open items list.
3.4
552.00
1,876.80
16
10/1/2024
MM
Drafted emails with technical observations.
0.2
1,150.00
230.00
16
10/1/2024
JS
Worked with Billing and Team to ensure received payment related to June 2024 fee statement is
applied properly.
0.5
220.00
110.00
16
10/2/2024
AP
Call with Kevin Wilkes, Rich Liebman, and James Talfourd-Cook to discuss novation agreements,
anticipated FX ramifications, potential application of Section 362(e)(2)(E), and intercompany debt
0.8
640.00
512.00
16
10/2/2024
RL
Call with Alina Pierce, Kevin Wilkes, and James Talfourd-Cook to discuss novation agreements,
anticipated FX ramifications, potential application of Section 362(e)(2)(E), and intercompany debt
ttl
t
0.8
1,008.00
806.40
16
10/2/2024
KW
Call with Alina Pierce, Rich Liebman, and James Talfourd-Cook to discuss novation agreements,
anticipated FX ramifications, potential application of Section 362(e)(2)(E), and intercompany debt
0.8
960.00
768.00
16
10/2/2024
JH
Call with Alina P to discuss the -28 model.
0.3
640.00
192.00
16
10/2/2024
AP
Call with Jesse H to discuss the -28 model.
0.3
640.00
192.00
16
10/2/2024
JH
Reviewed 1.1502-28 CODI analysis.
1.0
640.00
640.00
16
10/2/2024
AP
Reviewed and red-lined the intercompany settlement agreement. Drafted list of questions and
commnents for K&E.
1.6
640.00
1,024.00
2
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 5 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
16
10/2/2024
RL
Reviewed revised draft novation agreement,draft addtinal suggested revisions and e-mail to A.
Pierce and K&E.
2.6
1,008.00
2,620.80
16
10/3/2024
AP
Call with Rich L, James T-C, Palmer G to discuss notes to the intercompany settlement
agreement.
0.2
640.00
128.00
16
10/3/2024
RL
Conf call with A. Pierce, J. Talfourd- Cook and K&E to discuss novation agreement.
0.2
1,008.00
201.60
16
10/3/2024
AP
Call with Rich L. to review our comments and questions to the intercompany settlement
agreement.
0.5
640.00
320.00
16
10/3/2024
RL
Call with Alina P. to review our comments and questions to the intercompany settlement
agreement.
0.5
1,008.00
504.00
16
10/3/2024
RL
Call with Alina P. to make last updates to the intercompany settlement agreement.
0.3
1,008.00
302.40
16
10/3/2024
AP
Call with Rich L. to make last updates to the intercompany settlement agreement.
0.3
640.00
192.00
16
10/3/2024
AP
Calculated IMT PTE Ltd. balance sheet insolvency. Analyzed potential tax consequences of a
deemed asset sale.
1.2
640.00
768.00
16
10/3/2024
AP
Reviewed tax basis of entities sold in the Vents sale. Reviewed US to CFC intercompany debt
schedule.
1.1
640.00
704.00
16
10/3/2024
HH
Updated CODI model.
2.8
552.00
1,545.60
16
10/3/2024
HH
Updated exhibits related to BDO's September 2024 fee statement.
1.3
552.00
717.60
16
10/3/2024
MM
Reviewed emails and schedules for swiss transactions.
0.5
1,150.00
575.00
16
10/4/2024
AP
Call with Kevin Wilkes and Rich Liebman to discuss novation agreements, cancellation of
indebtedness income, foreign exchange (FX) consequences, the purchase price allocation (PPA),
and next steps.
0.8
640.00
512.00
16
10/4/2024
RL
Call with Alina Pierce and Kevin Wilkes to discuss novation agreements, cancellation of
indebtedness income, foreign exchange (FX) consequences, the purchase price allocation (PPA),
and next steps.
0.8
1,008.00
806.40
16
10/4/2024
KW
Call with Alina Pierce and Rich Liebman to discuss novation agreements, cancellation of
indebtedness income, foreign exchange (FX) consequences, the purchase price allocation (PPA),
and next steps.
0.8
960.00
768.00
16
10/4/2024
AP
Drafted response to James T-C's question regarding the potential impact of goodwill impairment
for tax purposes.
0.7
640.00
448.00
16
10/4/2024
AP
Provided information requested by K&E for the subsidiaries whose stock is sold in the Vyaire sale.
1.5
640.00
960.00
16
10/4/2024
AP
Reviewed requirements of filing sec. 338(g) election and instructions to form 8023. Drafted
response to K&E regarding potential consequences of a sec. 338(g) election for Imtmedical PTE
Ltd.
1.4
640.00
896.00
16
10/4/2024
MM
Read and drafted related to the updated slide tax and tax trreament, questions on impact of 338g
election for multiple tiers of swiss entities, review of kirkland emails and responses
1.3
1,150.00
1,495.00
16
10/7/2024
AP
Call with Rich L to discuss the tracker of compliance items for 9/30/2025 and review the attributes
reduction model.
1.0
640.00
640.00
16
10/7/2024
RL
Call with Alina P to discuss the tracker of compliance items for 9/30/2025 and review the attributes
reduction model.
1.0
1,008.00
1,008.00
16
10/7/2024
AP
Self reviewed the attribute reduction model.
0.8
640.00
512.00
16
10/7/2024
HH
Updated CODI model for outstanding items.
2.1
552.00
1,159.20
16
10/8/2024
AP
Began updating the compliance tracker for 9.30.2025 return and corporate documentation -sec.
362(2)(C) elections; AMS and IMT contributions statements and agreements.
1.1
640.00
704.00
16
10/8/2024
MS
Continued to prepare September fee application exhibit.
1.9
552.00
1,048.80
16
10/9/2024
AP
Call with Rich L to discuss the compliance tracker and SALT workpapers.
1.0
640.00
640.00
16
10/9/2024
RL
Call with Alina P to discuss the compliance tracker and SALT workpapers.
1.0
1,008.00
1,008.00
16
10/9/2024
AP
Call with Rich L to compile call agenda for call with James.
0.4
640.00
256.00
16
10/9/2024
RL
Call with Alina P to compile call agenda for call with James.
0.4
1,008.00
403.20
16
10/9/2024
AP
Finalized compliance tracker for compliance items for 9/30/2025.
0.8
640.00
512.00
16
10/9/2024
AP
Compiled SALT workpapers to analyze CODI treatment in various states where Vyaire subs are
fliling, DRE treatement, apportionment percentages.
2.9
640.00
1,856.00
16
10/9/2024
RL
Reviewed e-mail from K&E application of sec 108(e)(6).
0.6
1,008.00
604.80
16
10/10/2024
AP
Call with Rich L and James T-C to discuss Vents intercompany settlement agreement.
1.0
640.00
640.00
16
10/10/2024
RL
Call with Alina P and James T-C to discuss Vents intercompany settlement agreement.
1.0
1,008.00
1,008.00
16
10/10/2024
AP
Call with Rich L to review the intercompany settlement agreement, answer K&E notes and propose
language with respect to the AMS and IMT contributions.
1.8
640.00
1,152.00
16
10/10/2024
RL
Call with Alina Pierce to review the intercompany settlement agreement, answer K&E notes and
propose language with respect to the AMS and IMT contributions.
1.8
1,008.00
1,814.40
16
10/10/2024
AP
Call with Rich L, James T-C, Palmer G, Nick W to discuss the proposed verbiage regarding the
AMS and IMT contributions.
0.4
640.00
256.00
16
10/10/2024
RL
Call with Alina P, James T-C, Palmer G, Nick W to discuss the proposed verbiage regarding the
AMS and IMT contributions.
0.4
1,008.00
403.20
16
10/10/2024
AP
Call with Rich L. to review schedule A of the intercompany settlement agreement and respond to
K&E.
0.9
640.00
576.00
16
10/10/2024
RL
Call with Alina P to review schedule A of the intercompany settlement agreement and respond to
K&E.
0.9
1,008.00
907.20
16
10/10/2024
RL
Reviewed e-mails from K&E and J. Talfourd-Cook re capital contribution.
0.6
1,008.00
604.80
16
10/10/2024
AP
Reviewed the entities that should be included in the novation agreement.
1.4
640.00
896.00
16
10/14/2024
AP
Call with Rich L. to discuss outline of entire project.
0.5
640.00
320.00
16
10/14/2024
RL
Call with Alina P to discuss outline of entire project.
0.5
1,008.00
504.00
3
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 6 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
16
10/14/2024
AP
Created outline of the overall project to determine all issues considered and track for tax
compliance.
3.8
640.00
2,432.00
16
10/15/2024
AP
Call with James Talfourd-Cook, Kevin Wilkes, and Rich Liebman to discuss intercompany balance
settlement, novation agreements and bankruptcy tax model.
1.0
640.00
640.00
16
10/15/2024
RL
Call with James Talfourd-Cook, Alina Pierce, and Kevin Wilkes to discuss intercompany balance
settlement, novation agreements and bankruptcy tax model.
1.0
1,008.00
1,008.00
16
10/15/2024
KW
Call with James Talfourd-Cook, Alina Pierce, and Rich Liebman to discuss intercompany balance
settlement, novation agreements and bankruptcy tax model.
1.0
960.00
960.00
16
10/15/2024
AP
Call with Lucy G to discuss status and stock basis memo.
0.5
640.00
320.00
16
10/15/2024
LG
Call with Alina P to discuss status and stock basis memo.
0.5
680.00
340.00
16
10/15/2024
AP
Began drafting Bankruptcy memo based on the outline.
1.2
640.00
768.00
16
10/16/2024
JSB
Conf call with Rich L. re bankruptcy tax cost analysis.
0.5
1,008.00
504.00
16
10/16/2024
AP
Updated project summary memo.
1.6
640.00
1,024.00
16
10/17/2024
RL
Conf call with J. Schabhuttle re bankruptcy tax cost analysis.
0.5
1,008.00
504.00
16
10/17/2024
AP
Continued updating the project summary memo.
0.9
640.00
576.00
16
10/18/2024
AP
Call with Rich L to discuss K&E's question regarding the sale of the Brazilian entity, Intermed LTDA
with the proposed two options.
1.5
640.00
960.00
16
10/18/2024
RL
Call with Rich L to discuss K&E's question regarding the sale of the Brazilian entity, Intermed LTDA
with the proposed two options.
1.5
1,008.00
1,512.00
16
10/18/2024
AP
Started the workplan excel schedule to provide to Vyaire the items needed for future tax return
filing and internal Vyaire documentation of the various transactions.
3.5
640.00
2,240.00
16
10/18/2024
RL
Reviewed additonal e-mails from K&E and drafted reply.
0.5
1,008.00
504.00
16
10/21/2024
MM
Call with A. Pierce, Rich L, and J. Talfourd-Cook re Brazil sale and sec. 338(g) election.
0.6
1,150.00
690.00
16
10/21/2024
RL
Call with A. Pierce, M. Masciangelo, and J. Talfourd-Cook re Brazil sale and sec. 338(g) election.
0.6
1,008.00
604.80
16
10/21/2024
AP
Conf call with Rich L, M. Masciangelo, and J. Talfourd-Cook re Brazil sale and sec. 338(g) election.
0.6
640.00
384.00
16
10/21/2024
RL
Reviewed various e-mails from and to K&E re sale of Brazil and transfer tax issue.
3.4
1,008.00
3,427.20
16
10/22/2024
AP
Call with Rich L and Kevin W to discuss updates regarding the sale of Brazil Intermed LTDA.
0.5
640.00
320.00
16
10/22/2024
RL
Call with Alina P and Kevin W to discuss updates regarding the sale of Brazil Intermed LTDA.
0.5
1,008.00
504.00
16
10/22/2024
KW
Call with Alina P and Rich L to discuss updates regarding the sale of Brazil Intermed LTDA.
0.5
960.00
480.00
16
10/22/2024
AP
Call with Rich L, James T-C, Michael M to discuss sec. 338(g) election implications for Intermed
LTDA and answer K&E questions.
1.0
640.00
640.00
16
10/22/2024
RL
Call with Alina P, James T-C, Michael M to discuss sec. 338(g) election implications for Intermed
LTDA and answer K&E questions.
1.0
1,008.00
1,008.00
16
10/22/2024
MM
Call with Rich L, James T-C, Alina P to discuss sec. 338(g) election implications for Intermed
LTDA and answer K&E questions.
1.0
1,150.00
1,150.00
16
10/22/2024
AP
Reviewed and updated Intermed LTDA balance sheet to determine solvency and asset basis.
1.6
640.00
1,024.00
16
10/24/2024
AP
Call with Rich and Kevin to discuss bankruptcy tax workplan for Vyaire workplan and next steps.
1.0
640.00
640.00
16
10/24/2024
RL
Call with Kevin and Alina to discuss bankruptcy tax workplan for Vyaire workplan and next steps.
1.0
1,008.00
1,008.00
16
10/24/2024
KW
Call with Rich and Alina to discuss bankruptcy tax workplan for Vyaire workplan and next steps.
1.0
960.00
960.00
16
10/24/2024
RL
Reviewed E-mail from J. Talfourd-Cook regarding basis in stock of Brazil.
0.2
1,008.00
201.60
16
10/24/2024
RL
Reviewed and edited work plan.
0.3
1,008.00
302.40
16
10/25/2024
AP
Call with Rich L to discuss the workplan tracker and next steps.
1.0
640.00
640.00
16
10/25/2024
RL
Call with Alina P to discuss the workplan tracker and next steps.
1.0
1,008.00
1,008.00
16
10/25/2024
AP
Call with Rich L and James T-C to discuss Brazil sale and updates to RDx sale.
0.6
640.00
384.00
16
10/25/2024
RL
Call with Alina P and James T-C to discuss Brazil sale and updates to RDx sale.
0.6
1,008.00
604.80
16
10/25/2024
KW
Email correspondence with Randi Miller and Keith Mannor regarding Vyaire FY 2024 tax
compliance positions and next steps.
0.3
960.00
288.00
16
10/25/2024
RL
Drafted e-mail to K&E regarding wind down matters.
0.3
1,008.00
302.40
16
10/25/2024
RL
Reviewed K&E's reply to prior BDO e-mail and responded to K&E.
0.3
1,008.00
302.40
16
10/28/2024
AP
Teams meeting with Kevin Wilkes and Rich Liebman to discuss workplan (includes I/C debt
resolution, compliance, cancellation of debt/GILTI calculations, and steps).
0.9
640.00
576.00
16
10/28/2024
RL
Teams meeting with Alina Pierce and Kevin Wilkes to discuss workplan (includes I/C debt
resolution, compliance, cancellation of debt/GILTI calculations, and steps) - Left early.
0.5
1,008.00
504.00
16
10/28/2024
KW
Teams meeting with Alina Pierce and Rich Liebman to discuss workplan (includes I/C debt
resolution, compliance, cancellation of debt/GILTI calculations, and steps).
0.9
960.00
864.00
16
10/28/2024
AP
Call with Kevin Wilkes to discuss note distribution, CODI, 301 distribution and workplan.
0.5
640.00
320.00
16
10/28/2024
KW
Call with Alina Pierce to discuss note distribution, CODI, 301 distribution and workplan.
0.5
960.00
480.00
16
10/28/2024
AP
Call with Rich L to discuss winding down of the Vyaire group and stock basis rollforward.
1.6
640.00
1,024.00
16
10/28/2024
RL
Call with Alina P to discuss winding down of the Vyaire group and stock basis rollforward.
1.6
1,008.00
1,612.80
16
10/28/2024
AP
Call with Palmer Gunderson, Richard Liebman, Nicholas Warther, Sara Zablotney, James Talfourd-
Cook, Kevin Wilkes to discuss workplan and potential U.S. federal income tax issues related to
unwinding the structure.
1.0
640.00
640.00
16
10/28/2024
RL
Call with Palmer Gunderson, Kevin Wilkes, Nicholas Warther, Sara Zablotney, James Talfourd-
Cook, Alina Pierce to discuss workplan and potential U.S. federal income tax issues related to
1.0
1,008.00
1,008.00
4
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 7 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
16
10/28/2024
KW
Call with Palmer Gunderson, Richard Liebman, Nicholas Warther, Sara Zablotney, James Talfourd-
Cook, Alina Pierce to discuss workplan and potential U.S. federal income tax issues related to
unwinding the structure.
1.0
960.00
960.00
16
10/28/2024
AP
Updated the stock basis rollforward.
1.3
640.00
832.00
16
10/28/2024
KW
Analyzed unwinding the structure.
1.0
960.00
960.00
16
10/29/2024
AP
Call with Rich L and Michael M to discuss the MIM distribution of VIM receivalble.
1.0
640.00
640.00
16
10/29/2024
RL
Call with Alina P and Michael M to discuss the MIM distribution of VIM receivalble.
1.0
1,008.00
1,008.00
16
10/29/2024
MM
Call with Rich L and Alina P to discuss the MIM distribution of VIM receivalble.
1.0
1,150.00
1,150.00
16
10/29/2024
AP
Call with Rich L to discuss K&E call agenda.
0.9
640.00
576.00
16
10/29/2024
RL
Call with Alina P to discuss K&E call agenda.
0.9
1,008.00
907.20
16
10/29/2024
AP
Call with Kevin Wilkes, Rich Liebman, James Talfourd-Cook, Sara Zablotney, Nicholas Warther,
Palmer Gunderson - discussed intercompany balance settlement and potential structures to
unwind the business.
0.8
640.00
512.00
16
10/29/2024
RL
Call with Alina Pierce, Kevin Wilkes, James Talfourd-Cook, Sara Zablotney, Nicholas Warther,
Palmer Gunderson - discussed intercompany balance settlement and potential structures to
unwind the business.
0.8
1,008.00
806.40
16
10/29/2024
KW
Call with Alina Pierce, Rich Liebman, James Talfourd-Cook, Sara Zablotney, Nicholas Warther,
Palmer Gunderson - discussed intercompany balance settlement and potential structures to
unwind the business.
0.8
960.00
768.00
16
10/29/2024
AP
Reviewed MIM intercompany debt to determine receivable before novations.; review of stock basis
rollforward; review of bankruptcy plan and Restructuring Transaction Memo.
1.3
640.00
832.00
16
10/29/2024
RL
Reviewed and edited Restructuring Transactions Agreement.
0.7
1,008.00
705.60
16
10/30/2024
AP
Call with Rich L to discuss the Restructuring Transaction Memo and the bankruptcy plan.
0.8
640.00
512.00
16
10/30/2024
RL
Call with Alina P to discuss the Restructuring Transaction Memo and the bankruptcy plan.
0.8
1,008.00
806.40
16
10/30/2024
AP
Continued reviewing the Restructuring Transaction Memo and the bankruptcy plan.
0.7
640.00
448.00
16
10/30/2024
RL
Analyzed Section 6011 question.
1.6
1,008.00
1,612.80
16
10/30/2024
KW
Reviewed intercompany resolution workplan and steps, and analyzing related U.S. federal income
1.8
960.00
1,728.00
16
10/31/2024
AP
Call with Rich L to discuss K&E questions regarding the stock basis of the Vents entitites.
0.9
640.00
576.00
16
10/31/2024
RL
Call with Alina P to discuss K&E questions regarding the stock basis of the Vents entitites.
0.9
1,008.00
907.20
16
10/31/2024
AP
Teams Meeting with James Talfourd-Cook, Rich Liebman, Lucy Germano and Kevin Wilkes -
discussed workplan, intercompany balance settlement, cancellation of indebtedness income, and
next steps.
1.1
640.00
704.00
16
10/31/2024
LG
Teams Meeting with James Talfourd-Cook, Rich Liebman, Alina Pierce and Kevin Wilkes -
discussed workplan, intercompany balance settlement, cancellation of indebtedness income, and
0.8
680.00
544.00
16
10/31/2024
RL
Teams Meeting with James Talfourd-Cook, Alina Pierce, Lucy Germano and Kevin Wilkes -
discussed workplan, intercompany balance settlement, cancellation of indebtedness income, and
next steps.
1.1
1,008.00
1,108.80
16
10/31/2024
KW
Teams Meeting with James Talfourd-Cook, Rich Liebman, Lucy Germano and Alina Pierce -
discussed workplan, intercompany balance settlement, cancellation of indebtedness income, and
next steps.
1.1
960.00
1,056.00
16
10/31/2024
AP
Call with Rich L to discuss application of Rev Proc 2013-11 to the Vents losses.
0.6
640.00
384.00
16
10/31/2024
RL
Call with Alina P to discuss application of Rev Proc 2013-11 to the Vents losses.
0.6
1,008.00
604.80
16
10/31/2024
AP
Reviewed and updated the stock basis calculation for AMS and IMT.
1.2
640.00
768.00
16
10/31/2024
AP
Researched stock basis in a stock sale with sec. 338 election and qualifying basis under rev proc
1.1
640.00
704.00
Sub-Total
216.2
$151,876.40
Voluntary Discount:
-$23,000.00
TOTAL:
$128,876.40
5
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 8 of 9
Exhibit C
Code Date
Initials Description
Hours
Rate
Amount
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
October 1, 2024 - October 31, 2024
SUMMARY BY PROFESSIONAL:
Initials Name
Hours
Rate
Amount
MM
Michael Masciangelo
6.9
$1,150.00
$7,935.00
DC
Doug Chestnut
1.4
1,008.00
1,411.20
RL
Rich Liebman
42.1
1,008.00
42,436.80
JSB
Janet Schabhutl
0.5
1,008.00
504.00
KW
Kevin Wilkes
13.2
960.00
12,672.00
AL
Annie Lee
2.2
820.00
1,804.00
TS
Todd Simmens
0.5
1,150.00
575.00
CC
Connie Cunningham
0.5
820.00
410.00
MvK
Micscha van der Kamp
0.5
820.00
410.00
LG
Lucy Germano
1.3
680.00
884.00
SA
Sara Anderson
0.8
656.00
524.80
JH
Jesse Hooker
1.3
640.00
832.00
AP
Alina Pierce
75.8
640.00
48,512.00
JG
John Gifford
1.0
632.00
632.00
HH
Hannah Hobson
36.1
552.00
19,927.20
MS
Melody Song
14.5
552.00
8,004.00
RK
Ryan Keating
2.0
484.00
968.00
TO
Tom O'Callaghan
0.2
232.00
46.40
JS
Jared Schierbaum
15.4
220.00
3,388.00
Sub-Total
216.2
$151,876.40
Voluntary Discount:
-$23,000.00
TOTAL:
$128,876.40
Blended Rate:
$596.10
SUMMARY BY PROJECT CATEGORY:
Code
Project Category
Hours
Amount
1
Federal Income Tax Returns/Extensions
1.2
$678.40
8
Fee Apps and Retention
61.9
29,675.60
15
Transfer Pricing
1.3
934.80
16
Tax Consulting
151.8
120,587.60
Sub-Total
216.2
$151,876.40
Voluntary Discount:
-$23,000.00
TOTAL:
$128,876.40
6
Case 24-11217-BLS Doc 756-2 Filed 11/20/24 Page 9 of 9