EXHIBIT B
___________________________________________
Pillsbury Winthrop Shaw Pittman LLP 2550 Hanover Street - Palo Alto, CA - 94304-1114
Due Upon Receipt
Shaun Martin CRO
Winter Harbor
smartin@winterharborco.com 265 Franklin Street, 10th Floor Boston, MA 02110
May 15, 2020 Invoice No. 8338364 Client No. 043895 Matter No. 0000016 Allison M. Leopold Tilley (650) 233-4500
For Professional Services Rendered and Disbursements Incurred through April 30, 2020
Matter Name Services Disbursements Balance Due
Restructuring representation $ 144,147.00 $ 45.00 $ 144,192.00
Total This Invoice: $ 144,147.00 $ 45.00 $ 144,192.00
Current charges only. Time and disbursements not yet recorded will be included in future invoices.
For Professional Services Rendered and Disbursements Incurred Through April 30, 2020
Time Detail By Task
Timekeeper Date Service Hours Amount
Phase: B100 - Administration Task: B110 - Case Administration
J. S. Sharp 04/01/20 Prepare for update call (0.2); attend tag up call with Vector, Winter Harbor, and Pillsbury personnel (0.9).
1.10 $1,199.00
P. L. Cotton 04/06/20 Review status of trademark matters for Vector Launch and consider status of satellite business acquisition by Lockheed.
0.30 325.50
J. S. Sharp 04/06/20 Prepare for update call (0.1); attend tag up call with Vector, Winter Harbor, and Pillsbury personnel (0.4).
0.50 545.00
L. A. Wohlgemuth 04/06/20 Update trademark status report for Vector Launch.
0.60 153.00
H. M. Ray, III 04/08/20 Conference call with client on steps needed to close final documentation on the sale.
0.80 1,032.00 J. S. Sharp 04/08/20 Send emails to J. Meyers regarding
payment of TriplePoint claim (0.3); send email to J. Meyers regarding payment of attorneys' fees (0.1); attend Vector daily update call with Vector, Winter Harbor, and Pillsbury personnel (0.7).
1.10 1,199.00
P. L. Cotton 04/09/20 Review and respond to email from EU associate regarding status of trademark matters for Vector Launch(.40); emails to A. Tilley and J. Sharp regarding same(.10).
0.50 542.50
H. M. Ray, III 04/10/20 Call with client and professional in all-hands call to finalize bids, coordinate accepted bids, and discus mechanics of asset preservation.
0.50 645.00
J. S. Sharp 04/10/20 Participate in tag up status call with Winter 0.50 545.00
H. M. Ray, III 04/15/20 Attend call with client about sale of remaining rocket assets and terms.
0.50 645.00
J. S. Sharp 04/15/20 Participate in tag up status call with Winter Harbor, Vector, and Pillsbury personnel.
0.60 654.00
H. M. Ray, III 04/17/20 Conference call with client and professionals to determine best course forward with multiple bids.
0.40 516.00
J. S. Sharp 04/17/20 Participate in tag up status call with Winter Harbor, Vector, and Pillsbury personnel (0.3); send email to J. Garvey regarding conflict issue (0.3).
0.60 654.00
Subtotal Task: B110 - Case Administration 8.40 $9,091.00 Task: B130 - Asset Disposition
H. M. Ray, III 04/01/20 Call with team to discuss revised bids and committee views on bids.
1.00 $1,290.00 J. S. Sharp 04/01/20 Continue working on draft private sale
motion.
1.30 1,417.00 J. S. Sharp 04/02/20 Review emails from J. Horine regarding
asset sale (0.2); review bids received for launch assets (0.6); work on draft of private sale motion (1.4).
2.20 2,398.00
H. M. Ray, III 04/03/20 Discuss modified bids from potential purchaser with increased deposit amounts and options and call with client about competing bids and sale options and mechanisms for the sale.
0.60 774.00
J. S. Sharp 04/03/20 Call with Vector, Winter Harbor, and Pillsbury personnel regarding asset sale.
0.60 654.00
H. M. Ray, III 04/06/20 Review proposed sale language for portion of non-launch asset sale (.5); Call with client about the mechanics of the sale and timing issues (.4); Work with J. Sharp on minimizing costs and efficient sales process (.3).
1.20 1,548.00
H. M. Ray, III 04/06/20 Review draft bill of sale and revise (.7); Call with counsel in Delaware about choice of law question and contractual rights under Delaware law (.2); review language for deposit forfeiture and revise (.4).
1.30 1,677.00
H. M. Ray, III 04/06/20 Call with counsel for purchaser on status of sale, documentation and next steps (.2).
0.20 258.00
J. S. Sharp 04/06/20 Work on sale issues, including review of sale correspondence from J. Horine and revised letter of intent from XXX (0.8);
revise deposit language for XXX(0.8); call with H. Ray regarding call with XXX counsel (0.1); send emails to H. Ray, S.
Martin, and J. Horine regarding deposit language (0.2); draft bill of sale (1.2); send draft of bill of sale to H. Ray (0.1); prepare for call with counsel for interested party (0.1); participate in call with counsel for interested party (0.2); send revised deposit language to counsel for interested party (0.2); draft proposed private sale order for XXX sale (3.8); revise draft bill of sale per H. Ray comments (0.2); send email to H.
Ray regarding revised bill of sale, proposed sale order, and proposed responses to J.
Horine inquiries (0.2).
7.90 8,611.00
H. M. Ray, III 04/07/20 Call with J. Sharp about issues with the XXX bid and need for documentation on the promissory notes and to confirm
insurance pending closing and other matters raised by advisors (.2); email J. Horine about needed changes and division of labor and backup bids (.2); prepare for call with advisor about the issues raised from current draft of letter of intent by review of current drafts of YYY and XXX bids and notes about same (.5); call with advisors about the changes needed to current documentation and action items to solidify back up bids (.6); call with YYY about their bid and need to improve it (.4); calls with J. Horine about issues with ZZZ bid and the insurance (.2).
2.10 2,709.00
J. S. Sharp 04/07/20 Work on draft of launch vehicle asset private sale motion (2.6); call with H. Ray regarding launch vehicale sale (0.2); revise XXX letter of intent (1.0); call with H. Ray regarding XXX LOI (0.1); email revised draft of XXX LOI to H. Ray (0.1).
4.00 4,360.00
H. M. Ray, III 04/08/20 Call with J. Sharp about revisions to XXX bid and insurance from other bidder and changes to both letters (.6); review revised YYY offer and send to client and J. Sharp with comments and suggestions (.3).
0.90 1,161.00
H. M. Ray, III 04/08/20 Prepare for conference call with XXX counsel about revised letter of intent terms (.2); call with counsel for XXX (.4).
0.60 774.00
J. S. Sharp 04/08/20 Send emails to M. Kinkelaar regarding mark up of XXX LOI (0.2); send emails to H. Ray regarding agreement for ZZZ property insurance coverage (0.2); call to H.
Ray regarding ZZZ insurance coverage (0.6); draft agreement for ZZZ property insurance coverage (0.7); revise XXX LOI per H. Ray's comments (0.4); send revised draft of XXX LOI to M. Kinkelaar (0.1);
call with H. Ray and M. Kinkelaar
regarding XXX LOI (0.5); draft and revise secured promissory note for XXX
transaction (2.8); send email to J. Horine and S. Martin regarding markup of XXX LOI (0.1); send draft of XXX secured promissory note to H. Ray and S. Martin (0.2).
5.80 6,322.00
H. M. Ray, III 04/09/20 Edit notes on transactional docs and convertible notes and send to committee counsel with discussion points.
0.40 516.00
H. M. Ray, III 04/09/20 Review revised LOI from XXX and review proposed changes and notes (.5); Email to XXX counsel about unresolved issues (.1);
Email XXX counsel about convertible note and anti-dilution provisions (.1).
0.70 903.00
J. S. Sharp 04/09/20 Research regarding anti-dilution provisions (0.6); emails to J. Horine regarding XXX LOI (0.2); send email to J. Horine regarding schedules for proposed sale order approving sale of launch vehicle assets (0.2); draft summaries of proposed sales and back up bids for launch vehicle assets (2.1); continue drafting private sale motion for launch vehicle assets (1.2); send email to Vector, Winter Harbor, and Pillsbury personnel regarding books and records retention in connection with the launch vehicle asset sale (0.3); send email to P. Cotton regarding IP filing deadlines (0.1).
4.70 5,123.00
H. M. Ray, III 04/10/20 Review edits to bid letter and convertible note from XXX and assign follow up to J.
Sharp to conserve resources (.5); Confer with Z. Allinson about his ability to help with workload (.2).
0.70 903.00
J. S. Sharp 04/10/20 Send emails to H. Ray and S. Martin XXX MAC and anti-dilution provisions in promissory note (0.2); send email to B.
Silverberg and K. Aulet regarding XXX (0.2); send email to M. Kinkelaar regarding XXX LOI (0.4); call with S. Martin
regarding sale issues (0.3); work on revisions to XXX LOI (1.6); send email to H. Ray, S. Martin, and J. Horine regarding XXX LOI (0.4); call with H. Ray regarding asset sale issues (0.3).
3.40 3,706.00
H. M. Ray, III 04/13/20 Attend conference call with client about resignation of acting CEO and action items to move forward with sale.
0.40 516.00
J. S. Sharp 04/13/20 Review and finalize XXX LOI (0.2) and form secured promissory note for XXX asset sale (0.2); send email to M. Kinkelaar regarding XXX LOI and ITAR diligence (0.3).
0.70 763.00
H. M. Ray, III 04/14/20 Communications with counsel for
Committee and advisors about the terms of the convertible note of XXX and proposed changes (.3); Review note and consider committee proposed changes (.2).
0.50 645.00
J. S. Sharp 04/14/20 Send email to J. Horine regarding XXX LOI (0.1); review and consider UCC comments to XXX LOI (0.3); send email to S. Martin regarding UCC comments to XXX LOI (0.2).
0.60 654.00
H. M. Ray, III 04/15/20 Review additional comments by committee on secured note transaction and options with the same (.2); Email with J. Sharp about same and strategy (.1); work with client on strategy and response (.1).
0.40 516.00
H. M. Ray, III 04/15/20 WebEx call with team (J. Sharp and J.
Horine) to prepare for negotiations with Committee (.5); Call with Committee about deal terms and need for closing and options to maximize recovery (.5).
1.00 1,290.00
J. S. Sharp 04/15/20 Revise sale motion per revised bids received for launch vehicle assets (2.8); send email to M. Kinkleaar regarding XXX LOI (0.2);
send emails to C. Wall regarding ITAR sale compliance (0.4); send emails to H. Ray and S. Martin regarding XXX sale and
comments received from UCC (0.2); call with H. Ray and J. Horine regarding XXX note (0.5); call with P. Flink, H. Ray, and B.
Silverberg regarding XXX note (0.7).
4.80 5,232.00
C. R. Wall 04/15/20 Review bidder response to questions and representation (0.8); e-mail J. Sharp regarding bidder response to questions and representation (0.2).
1.00 1,450.00
H. M. Ray, III 04/16/20 Review numerous revisions of convertible note from bidder (.3); review multiple emails from Committee to bidder and responses (.4); communicate with J. Sharp about bid options (.4); call with CRO and FA and J.Sharp about new bid and options to increase sale price considerably (.4);
review new bid and evaluate options to increase and maximize consideration based on numerous bids but with inability to hold live auction (.7); communications with Committee counsel about new bids (NC);
prepare for call with Committee counsel (NC); WebEx meeting with Committee counsel about new bid and options to maximize consideration since in person auction is impossible (.4).
2.60 3,354.00
J. S. Sharp 04/16/20 Final drafting and revising of proposed sale motion (2.5); review UCC comments to form of secured promissory note (0.1); send emails to S. Martin and J. Horine regarding UCC comments to form of secured note (0.1); email draft sale motion to H. Ray, Z.
Allinson, and Winter Harbor for review (0.2); email to S. Martin and H. Ray regarding AAA offer (0.1); revise sale motion per comments received (1.9); send email to S. Martin, H. Ray, and J. Horine regarding AAA offer (0.1); call with S.
Martin, H. Ray, and J. Horine regarding AAA offer (0.5); call with UCC advisors and Debtors' advisors regarding AAA offer (0.4).
5.90 6,431.00
H. M. Ray, III 04/17/20 Review proposals for revised bids from liquidators for assets not purchased as key assets and issues raised by professional advisors for both.
0.30 387.00
J. S. Sharp 04/17/20 Send email to J. Horine regarding Buyers' premium (0.2); finalize revisions to
proposed sale motion per Z. Allinson and J.
Horine comments (2.3); send email to J.
Horine regarding ZZZ LOI (0.1); send emails to Z. Allinson regarding comments to sale motion on pages 15 and 16 (0.2);
send emails to Z. Allinson regarding
employment comments in sale motion (0.2);
extensive revisions to proposed sale order based on back up bidders and offers received (3.1); call with H. Ray regarding sale motion (0.2); send revised draft of sale motion to S. Martin, H. Ray, Z. Allinson, and J. Horine (0.2).
6.50 7,085.00
H. M. Ray, III 04/20/20 Call with client and professionals about sales process and action items to expedite sale.
0.40 516.00
J. S. Sharp 04/20/20 Participate in call with Winter Harbor and Pillsbury personnel regarding asset sale status (0.4); coordinate launch vehicle asset sale call with professionals for XXX, UCC, and Debtors (0.3); call with S. Martin regarding asset sale call with XXX (0.1);
send email to M. Kinkleear regarding XXX promissory note and revisions made by UCC professionals (0.1); draft J. Horine declaration in support of sale (1.2).
2.10 2,289.00
H. M. Ray, III 04/21/20 Review analysis by Committee Financial Advisors of new offer (.3); review offer analysis internally and send response (.2);
Schedule call with counsel and advisors of committee with multiple emails to both (NC); Host video call with Committee and Financial Advisors (.5).
1.00 1,290.00
H. M. Ray, III 04/21/20 Call with J. Sharp about offer changes (.2);
Call with client about follow-up from Committee and bidder on proposed plan to facilitate transaction (.4); review renewed proposal for reorganization for call with client (.3).
0.90 1,161.00
J. S. Sharp 04/21/20 Finalize draft of Horine declaration in support of launch vehicle asset sales (2.3);
call with UCC's and Debtors' professionals regarding asset sale issues (0.4); call with J.
Horine and H. Ray regarding asset sale (0.2); send email to S. Martin, H. Ray, and J. Horine regarding asset sale issues (0.1);
call with S. Martin, J. Horine, and H. Ray regarding asset sale issues (0.4).
3.40 3,706.00
H. M. Ray, III 04/22/20 Call with client and key professionals about the sale options and administration of the case.
0.30 387.00
H. M. Ray, III 04/22/20 Calls with Committee and Debtor Financial Advisors and Committee counsel about the options for sales and accepting bid (.3); Call with J. Sharp about timing of bid
acceptance and Committee (.2); Review emails about deposits and bid options from one bidder and proposed changes (.1);
Review Committee proposal options for bid and sale (.1).
0.70 903.00
J. S. Sharp 04/22/20 Call with Winter Harbor professionals and H. Ray to discuss asset sale (0.3); send emails to UCC professionals to discuss asset sale (0.2); prepare for call with UCC professionals regarding asset sale (0.2);
participate in call with UCC professional regarding asset sale (0.4); follow up call with H. Ray regarding asset sale (0.1); draft and send detailed email analysis of all launch vehicle asset sale options to S.
Martin and H. Ray (0.9).
2.10 2,289.00
H. M. Ray, III 04/24/20 Call with client and professionals about competing sales offers and new leverage points.
0.50 645.00
J. S. Sharp 04/24/20 Call with Winter Harbor and Pillsbury personnel regarding asset sales.
0.50 545.00
H. M. Ray, III 04/26/20 Prepare for call with potential buyer and plan proponent (.2); Call with potential
1.40 1,806.00
J. S. Sharp 04/26/20 Asset sale call with AAA and Winter Harbor personnel.
1.20 1,308.00 N. J. Jones 04/27/20 Redaction of sale motion, declaration, bill of
sale, and proposed order.
1.00 370.00
H. M. Ray, III 04/27/20 Call with client and professionals about approval of bids and timing and committee.
0.50 645.00
J. S. Sharp 04/27/20 Email to N. Jones regarding redaction of pleadings (0.3); participate in asset sale call with Winter Harbor and Pillsbury personnel (0.5).
0.80 872.00
J. S. Sharp 04/28/20 Review redacted drafts of the Vector sale documents (0.3); draft email to J. Feldsher regarding redacted Vector sale documents (0.1); confer with H. Ray regarding Vector sale documents (0.1); send emails to S.
Martin regarding call with J. Palmer (0.2);
markup bid summary from J. Horine (0.5);
send email to B. Silverberg regarding Vector sale documents (0.2); call with J.
Palmer, S. Martin, and H. Ray regarding sale options (0.7); call with S. Martin regarding sale issues (0.3); call with Z.
Allinson regarding sale and case status (0.6); send follow up email to Z. Allinson regarding launch vehicle asset sale (0.1).
3.10 3,379.00
H. M. Ray, III 04/29/20 Call with client and professionals about sales terms.
0.30 387.00
J. S. Sharp 04/29/20 Review revised secured promissory note from P. Flink (0.3); participate in sale call with Winter Harbor, Pillsbury, and SHA personnel (0.4); draft and send detailed email to the UCC regarding imminent need to finalize asset sale (0.6); calls with J.
Horine regarding launch vehicle asset sale issues (0.2); send email to Z. Allinson regarding sale motion changes (0.1); send email to H. Ray and S. Martin regarding alternative offer (0.3); email to B.
Silverberg regarding alternative offer (0.1);
work on finalizing patent and trademark list for launch vehicle asset sale (1.0); send email to D. Bovitz regarding patent schedule (0.1); send email to M. Bucci regarding patent and trademark schedules (0.2); review revised LOI from interested bidder (0.3); send email to S. Martin regarding revised LOI (0.1).
3.70 4,033.00
H. M. Ray, III 04/30/20 Conference call with committee about changing bids and multiple bid options.
0.50 645.00
J. S. Sharp 04/30/20 Send emails to J. Horine, S. Martin and H.
Ray regarding LOI from AAA (0.2); call with H. Ray regarding LOI (0.1); review and mark up LOI (1.1); send email to J.
Horine, S. Martin, and H. Ray regarding mark up of LOI from AAA (0.2); call with UCC and Debtors' professionals regarding AAA LOI (0.5); revise AAA LOI per call with UCC and Debtors' advisors (0.4); send emails regarding revised LOI mark up to Debtors' and UCC's professionals (0.2);
revise AAA LOI per comments received from UCC (0.4); call to S. Martin regarding AAA LOI (0.1); email revised draft of AAA LOI back to counsel for AAA (0.1); send email to J. Palmer regarding asset sale status (0.1); send email to counsel for AAA
3.80 4,142.00
Subtotal Task: B130 - Asset Disposition 92.50 $104,745.00 Task: B150 - Meetings Of And Communications With Creditors
J. S. Sharp 04/01/20 Review final drafts of upcoming filings in preparation for transmittal to UCC (0.2);
send drafts of upcoming filings to UCC counsel for review and comment (0.1).
0.30 $327.00
Subtotal Task: B150 - Meetings Of And Communications With Creditors
0.30 $327.00
Task: B160 - Fee/Employment Applications
J. S. Sharp 04/02/20 Review Brown Rudnick fee application CNO (0.1); send email to J. Meyers regarding payment of Brown Rudnick fees (0.1).
0.20 $218.00
J. S. Sharp 04/03/20 Review compensation order for quarterly fee application provisions (0.1); review Winter Harbor retention order (0.1); send email to Z. Allinson regarding fee
applications (0.1).
0.30 327.00
J. S. Sharp 04/08/20 Draft supplemental declaration for D.
Witherspoon (0.2); send detailed email to D. Witherspoon regarding U.S. Trustee's comments to the KatzAbosch retention application (0.3).
0.50 545.00
N. J. Jones 04/09/20 Email correspondence with J. Sharp regarding first interim fee application (0.2);
review format used by local counsel for its interim fee application (0.2); gather documents and begin preparations to draft application (0.3).
0.70 259.00
J. S. Sharp 04/09/20 Review Epiq interim fee application (0.1);
send email to B. Hunt and Z. Allinson regarding Epiq interim fee application (0.1);
send email to Z. Allinson and N. Jones regarding interim fee application (0.2);
review U.S. Trustee's comments to Pillsbury fee application (0.2); email to H.
Ray regarding U.S. Trustee comments to Pillsbury fee application (0.1); edit and revise CNO for Pillsbury second monthly fee application (0.1); send CNO for
Pillsbury second monthly fee application to H. Ray for review (0.1).
0.90 981.00
N. J. Jones 04/10/20 Draft first interim fee application
encompassing time from 12/13/19 through 2/29/20 (2.4); draft summary of time and expenses incurred during fee application period (1.3); draft proposed order (0.3).
4.00 1,480.00
J. S. Sharp 04/10/20 Email to Z. Allinson regarding PWSP CNO for second fee application.
0.10 109.00
N. J. Jones 04/13/20 Continue working on first interim fee application with focus on expense detail and breakdown.
2.00 740.00
N. J. Jones 04/14/20 Finalize first interim quarterly fee application, notice, and proposed order (1.5); discussions with H. Ray regarding further breakdown of February travel expenses (0.3); review expense reports and prepare Exhibit B-1 (2.0); coordinate filing of fee application with local counsel (0.2).
4.00 1,480.00
H. M. Ray, III 04/14/20 Review first interim fee application and note changes (.8), email paralegal about changes needed and detail on expenses (.4); research UST comments on expenses for
modifications (.4); discussions with
paralegal on backup and need for detail and corrections (.3).
1.90 2,451.00
J. S. Sharp 04/14/20 Extensive revisions to Pillsbury first interim fee application, summary, and proposed order (3.1); prepared redlines showing changes to Pillsbury fee application and send revised draft of Pillsbury first interim fee application to H. Ray and N. Jones (0.2); coordinate filing of Pillsbury first interim fee application (0.2); send email to Epiq team regarding service of Pillsbury fee application (0.1).
3.60 3,924.00
J. S. Sharp 04/16/20 Email to Epiq regarding service of PWSP fee application.
0.10 109.00
J. S. Sharp 04/17/20 Second emails to Z. Allinson regarding status of Katz Abosch retention (0.2);
review revised drafts of Katz Abosch declaration and proposed order (0.3).
0.50 545.00
N. J. Jones 04/22/20 Begin drafting third monthly fee application, notice, and exhibits (1.0); review invoice and discuss with accounting (0.5).
1.50 555.00
N. J. Jones 04/23/20 Finish drafting third monthly fee application, exhibits, and notice.
1.50 555.00
J. S. Sharp 04/24/20 Review and revise Pillsbury's third monthly fee application for March 2020 (1.8); send draft of Pillsbury's March 2020 fee
application to H. Ray (0.1).
1.90 2,071.00
Subtotal Task: B160 - Fee/Employment Applications 23.70 $16,349.00 Task: B170 - Fee/Employment Objections
H. M. Ray, III 04/09/20 Review email from U.S. Trustee about issues with fee applications (.2); Research responses to same and review expense reports (.7); draft email to U.S. Trustee about response to fee application issues and detail (.4).
1.30 $1,677.00
Subtotal Task: B170 - Fee/Employment Objections 1.30 $1,677.00 Task: B185 - Assumption/Rejection of Leases and Contracts
H. M. Ray, III 04/08/20 Review draft of motion to extend deadline to assume or reject nonresidential real property leases and approve.
0.60 $774.00
J. S. Sharp 04/08/20 Finalize revisions to 365(d)(4) extension and plan exclusivity motions (0.3); send motions to Z. Allinson for filing (0.1).
0.40 436.00
J. S. Sharp 04/22/20 Review NASA contract modification and related emails.
0.30 327.00
Subtotal Task: B185 - Assumption/Rejection of Leases and Contracts
1.30 $1,537.00
Task: B190 - Other Contested Matters (Excluding Assumptions/Rejections of Motions)
J. S. Sharp 04/01/20 Finalize revisions to Vector response letter regarding Cantrell to T. Esser (0.5); send Vector response letter regarding Contrell to T. Esser (0.1).
0.60 $654.00
Subtotal Task: B190 - Other Contested Matters (Excluding Assumptions/Rejections of Motions)
0.60 $654.00
Subtotal Phase: Administration 128.10 $134,380.00 Phase: B200 - Operations
Task: B210 - Business Operations
J. S. Sharp 04/02/20 Send email to G. Sasson regarding Arch (0.1); call with G. Sasson regarding Arch (0.1); send email to Z. Allinson regarding Arch issue (0.1); review insurance motion from Z. Allinson (0.2); review form insurance order from G. Sasson (0.1).
0.60 $654.00
J. S. Sharp 04/03/20 Begin drafting Arch insurance motion (2.4);
research regarding D&O insurance (1.3);
send email to J. Adams regarding Rincon representation (0.1).
3.80 4,142.00
H. M. Ray, III 04/08/20 Conference call with client and third party about insurance issues and need for forced insurance (.5); draft revisions to letter on same (.3); emails with client about letter and terms (.2).
1.00 1,290.00
H. M. Ray, III 04/10/20 Review insurance options, contract with bidder for forced insurance and updates on insurance status with client to ensure assets remain insured despite notice of
cancellation.
0.40 516.00
Subtotal Task: B210 - Business Operations 5.80 $6,602.00 Task: B230 - Financing/Cash Collections
H. M. Ray, III 04/07/20 Review settlement agreement changes and final declaration in support of settlement proposed by committee (.5); review correspondence from court and committee on lack of objections (.1).
0.60 $774.00
J. S. Sharp 04/24/20 Send emails to S. Martin and J. Meyers regarding payment of TriplePoint claim.
0.30 327.00
Subtotal Task: B230 - Financing/Cash Collections 0.90 $1,101.00 Task: B260 - Board of Directors Matters
H. M. Ray, III 04/28/20 Review data from financial advisor (.2);
Call with J. Sharp about need for board member call and updated data (.3).
0.60 $774.00
H. M. Ray, III 04/28/20 Call with board member about the three options and which is the best deal.
0.60 774.00
Subtotal Task: B260 - Board of Directors Matters 1.20 $1,548.00 Subtotal Phase: Operations 7.90 $9,251.00 Phase: B300 - Claims Administration and Objections
Task: B320 - Plan and Disclosure Statement (Including Business Plan)
H. M. Ray, III 04/08/20 Review draft of motion to extend exclusive period to file plan and disclosure statement and approve.
0.40 $516.00
Subtotal Task: B320 - Plan and Disclosure Statement (Including Business Plan)
0.40 $516.00
Subtotal Phase: Claims Administration and Objections
0.40 $516.00
Time Summary By Task
Task Hours Amount
B110 - Case Administration 8.40 9,091.00
B130 - Asset Disposition 92.50 104,745.00
B150 - Meetings Of And Communications With Creditors 0.30 327.00
B160 - Fee/Employment Applications 23.70 16,349.00
B170 - Fee/Employment Objections 1.30 1,677.00
B185 - Assumption/Rejection of Leases and Contracts 1.30 1,537.00
B190 - Other Contested Matters (Excluding Assumptions/Rejections of Motions)
0.60 654.00
B210 - Business Operations 5.80 6,602.00
B230 - Financing/Cash Collections 0.90 1,101.00
B260 - Board of Directors Matters 1.20 1,548.00
B320 - Plan and Disclosure Statement (Including Business Plan) 0.40 516.00
Total 136.40 $144,147.00
Timekeeper Summary
Timekeeper Hours Rate Value Billed
P. L. Cotton 0.80 $ 1,085.00 $ 868.00
N. J. Jones 14.70 370.00 5,439.00
H. M. Ray, III 31.00 1,290.00 39,990.00
J. S. Sharp 88.30 1,090.00 96,247.00
C. R. Wall 1.00 1,450.00 1,450.00
L. A. Wohlgemuth 0.60 255.00 153.00
Disbursements Incurred
Date Type Description Amount
03/24/20 Task E124 - Other Court Costs Telephonic appearance at USBC, Delaware for hearing on 3/11/20, Hugh Ray III
$22.50 03/24/20 Task E124 - Other Court Costs Telephonic appearance at USBC, Delaware
for hearing on 3/11/20, Jason Sharp
22.50
Total Disbursements: $45.00
Disbursement Summary
Type Amount
Other Court Costs 45.00
Total: $45.00
Total Due For Matter 0000016: $144,192.00
Shaun Martin CRO
Winter Harbor
smartin@winterharborco.com 265 Franklin Street, 10th Floor Boston, MA 02110
May 15, 2020 Invoice No. 8338364 Client No. 043895 Matter No. 0000016 Allison M. Leopold Tilley (650) 233-4500
Remittance Advice
Enclose this Remittance Advice for Proper Credit
Matter Number Services Disbursements Balance Due
0000016 $ 144,147.00 $ 45.00 $ 144,192.00
Total This Invoice: $ 144,147.00 $ 45.00 $ 144,192.00
Payable in U.S. Dollars upon receipt.
Payment Options:
For payment by mail, remit to: Pillsbury Winthrop Shaw Pittman LLP, P.O. Box 742262, Los Angeles, CA 90074-2262
For Wire Transfer and SWIFT Payments send to: Bank of America, ABA # 026009593 (S.W.I.F.T. Code BOFAUS3N), for credit to Pillsbury Winthrop Shaw Pittman LLP, Acct # 14993-05201.
For ACH Payments, send to: Bank of America, ABA # 121000358, Acct # 14993-05201.
Please include our client, matter and invoice number for proper credit.
[Additional remittance information may also be forwarded to accountsreceivable@pillsburylaw.com]
