case 18-11142-css doc 151 filed 06/25/18 page 1 of 3working capital 5/14/2018 peter richter asset...

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re: ) Chapter 11

ARECONT VISION HOLDINGS, LLC, et al.,' ) Case No. 18-11142 (CSS)

Debtors. ) (Joint Administration)

Objection Deadline: July 16, 2018, at 4:00 p.m.Hearing Date: Scheduled only if Necessary

_, iVIONTHLY STAFFING REPORT SY ARMORY .STRATEGIC PARTNERS, LLC FORCOIVIPENSATION EARNED AND EXPENSES INCURRED FOR THE PERIOD OF

MAY 14, 2018 THROUGH NfAY 31, 2018

Armory Strategic Partners, LLC. ("Armory") files this Monthly Staffing and

Compensation Report (the "Staffingport") for May 14, 2018 through May 31, 2018 (the "Fee

Period"), filed pursuant to the Orde~~ Pursuant to 11 U.S.C.~~ 105(A) and 363(13) AuthoNizing the

Debtors to Employ and Retain A~~mory Strategic Partners, LLC to Provide a Chief Restructuf~ing

Officer, Additional Personnel, and Financial Advisory and Restructuring-Related Services, Nunc

Pro Tunc as of the Petition Date, and Granting Limited Waiver of Del. Bankr. L.R. 2016-6 [Docket

No. 104] (the "Retention Order")

Compensation and Staffing

The professionals who rendered services, theij• function, and the compensation

eaf•ned during the Fee Period are set foj~th below. Aj•mory's time records aj•e appended hereto as

~ The Debtors ai d t'he last four digits of their U.S. tax identification cumber are Arecont Vision Holdings, Li.0 (9187), Arecont

Vision, LLC (1410), antl Arecont Vision TC D1SC (5376). The Debtors' noticing address in these chapter 11 cases is 425 Colorado

Street, Suite 700, Glendale, CA 9] 205.

Case 18-11142-CSS Doc 151 Filed 06/25/18 of 3

Exhibit A, summarized by project category and containing detailed time entt•ies describing tasks

performed by individual on behalf of the Debtot•s.

Summary by Fees by Professional

P~r~fessi~nal~

"I' €tt:(!Date Per I-~aur ~ Ha~€rs~'

Totalt _'~~t~ount

Scott Avila Chief Executive Officer $650.00 28.10 $14,040.00

Allen Soon Mana in Director $550.00 136.50 $70,125.00

Peter Richter• Mana in Director $550.00 29.90 $16,445.00

Lulce Goetz Director $500.00 0.70 $350.00

Cand Chun Director $450.00 8730 $39,285.00

Paula Sosamon Director $325.00 170.60 $49,595.00

Carla Coo er Senior Consultant $250.00 6.] 0 $1,525.00

Jason Arendt Consultant $225.00 82.90- $17,190.00

Total Fees 542.10 $208,555.00

Expenses

The total actual and necessary costs and expenses incurred by Armory during the

Fee Period are set forth below. Detailed expenses by individual by day are appended hereto as

Rxhihit A_

Summary by Expense

f_—...—... __

`I°ar~ T~es~r~ tiat~

i

~h~~~a~A~t

Airfare $4,794.44

Ground Trans ortation $1,094.25

Meals $627.61

Lod in $3,714.58

Internet $28.00

GRAND TOTAL $9,658.88

2 "I-3ours billed and Total Amount billed" is inclusive of travel which is calculated at a 50% rate.

2


Wherefore, puf•suant to the Armory Retention Order, Armory files the Staffing

Report listing: (a) the names and functions of professionals assigned to the Debtors and (b) the

compensation earned by Armory during the Fee Period.

Dated: June 25, 2018 ARMORY STRATEGIC PARTNERS, LLC

Bv: /s/ Scott Avila

Scott Avila — Chief Executve Officer1230 Rosecrans AvenueManhattan Beach, CA 90266Phone: 310.220.6400E-mail: [email protected]

Chief ~Restructzsring Officer and FinancialAdvisory and Restructuring-Related ServicesProvider for the Debtors

~,


IN THE UNITED STATES BANKRUPTCY COURTF(JR THE DISTRICT OF DELAWARE

In re: Chapter 11

ARECONT VISION HOLDINGS, LLC, et al.,' Case No. 18-11142 (CSS)(Jointly Administered)

Debtors.

Objection Deadline: July 16, 2018 at 4:00 p.m. (~T)Hearing: Scheduled only if necessary

NOTICE OF FILING OF MONTI3I,Y STAFFING REPORT BY ARMORY STRATEGIC

PARTNERS, LLC FOR COMPENSATION EARNED AND EXPENSES INCURRED

FQIt THE PERIOD OF MAY 14, 2018 THROUGH MAY 31, 2018

TO: (i) Office of the United States Trustee; (ii) the Debtors; (iii) counsel to the lender; and

(iv) and statutory committees) appointed in these cases.

PLEASE TAKE NOTICE that Armory Strategic Partners, LLC ("Armory") has

filed the attached monthly staffing report for the period from May 14, 2018 through May 31,

2018 (the "Staffing Report") with the United States Bankruptcy Court for the District of

Delaware, 824 North Market Street, 3rd Floor, Wilmington, Delaware 19801 (the "Bankruptcy

Court") pursuant to the Bankruptcy Court's order entered on June 7, 2018 approving the

employment of Armory (the "Retention Order") [Docket No. 104].

PI.~A~~ 'I'A~ F~1~Z~'~~R 1~t0'I'IC~ that, pursuant to the Retention Order,

any objection or response to the Staffing Report must be filed with Bankruptcy Court on or

before July 16, 2018 ~t x:04 p.tn. prevailing Eastern Time.

PLEASE TAKE FURTHER NOTICE that at the same time, you must also

serve a copy of the objection or response upon: (i) the Debtors: Arecont Vision Holdings, LLC,

' The Debtors and the last four digits of their U.S. tax identification number are Arecont Vision Holdings, LLC

(9187), Arecont Vision, LLC (1410), and Arecont Vision IC DISC (5376). The Debtors' noticing address in these

chapter 11 cases is 425 Colorado Street, Suite 700, Glendale, CA 91205.

DOGS DE:213834.12 05436/001

Case 18-11142-CSS Doc 151-1 Filed 06/25/18 Page 1 of 3

425 Colorado Street, Suite 700, Glendale, CA 91205, Attn: Scott Avila, Chief Restructuring

Officer ([email protected]); (ii) counsel for the Debtors: (a) Pachulski Stang Ziehl &

Jones LLP, 919 N. Market Street, 17th Floor, P.O. Box 8705, Wilmington, DE 19899-8705

(Courier 19801), Attn: James E. O'Neill, Esq. ([email protected]) and (b) Pachulski Stang

Ziehl &Jones LLP, 10100 Santa Monica Boulevard, 13th Floor, Los Angeles, CA 90067, Attn:

Ira D. Kharasch, Esq. ([email protected]); (iii) counsel to the lender: (a) Baker Botts,

L.L.P., 30 Rockefeller Plaza, New York, NY 10112, Attn: Emanuel C. Grillo, Esq.

([email protected]), Luke A. Weedon, Esq. ([email protected]), and

Christopher R. Newcomb ([email protected]) and (b) Morris, Nichols, Arsht &

Tunnell LLP, 1201 North Market Street, 16th Floor, Wilmington, DE 19801, Attn: Robert J.

Denney, Esq. ([email protected]) and Matthew B. Harvey, Esq. ([email protected]); (iv)

the Office of the United States Trustee for the District of Delaware: United States Trustee, 844

King Street, Suite 2207, Lockbox #35, Wilmington, DE 19801, (Fax: 302-573-6497), Attn:

Benjamin A. Hackman, Esq. ([email protected]); and (v) counsel to any statutory

appointed committees) in these cases.

[Remainder of Page Left Intentionally 13lankJ

2DOCS DE213834.12 05436/001


Dated: June 25, 2018 PACHULSKI STANG ZIEHL &JONES LLP

/s/James E. O'NeillIra D. Kharasch (CA Bar No. 109084)Maxim B. Litvak (CA Bar No. 215852)James E. O'Neill (Bar No. 4042)919 North Market Street, 17th FloorPO Box 8705Wilmington, Delaware 19899 (Courier 19801)Telephone: (302) 652-4100Facsimile: (302) 652-4400Email: [email protected]

[email protected] o' neill @pszj law. com

Counsel to the Debtors and Debtors in Possession

3DOCS DE213834.12 05436/001


EXHIBIT A


Armory Strategic Partners, LLCArecont Vision Holdings, LLC

Time Detail Report for the period

May 14, 2018 through May 31, 2018

Date Professional Task Description Hours Rate Amount

Asset Disposition

5/] 4/2018 Scott Avila Asset Disposition Calls with P. Richter and A. Soong (Armory) 1.00 $650.00 $(50.00regarding deal terms for APA

5/]4/2018 Scott Avila Asset Disposition Cal] with representative of Pachsulski Law firm, 1.00 $650.00 $650.00Imperial Capital, Baker Botts and AIG regarding final

points of Letter of Intent (LOI).

5/14/2018 Candy C}mng Asset Dispositia~ Met with A. Soong regarding open items and 1.00 $450.00 $450.00

reviewed dra$ APA

5/14/2018 Peter Richter Asset Disposition Case status update call with I. Koffinan (Turnspire) 0.80 $550.00 $440.00

and A. Soong (Armory)

5/14/2018 Peter Richter Asset Disposition Call with I,. Koffinan (Turnspire) to review working 1.00 $550.00 $550.00

capita] with A. Soong (Armory)

5/] 4/2018 Peter Richter Asset Disposition Group call with R. Gruber, M. Livtek (Pachulski), A. 1.50 $550.00 $825.00

Soong (Armory) and I. Koffinau ('Turnspire) to

discuss worknig capital

5/14/ZOl 8 Peter Richter Asset Disposition Call with S. Avila and A. Soong (Armory) regarding ] .00 $550.00 $550.00

working capital

5/14/2018 Peter Richter Asset Disposition Call with buyer to focus on details of working capital 1.00 $550.00 $550.00

a~s~«ss~~»5/]4/2018 Peter Richter Asset Disposition Revie~a~ drafts and proposed working capital 0.90 $550.00 $495.00

calcu]atious from L .Koffman (Turnspire)

5/]4/2018 Peter Richter Asset Disposition Call with D. Burns (imperial) and A. Soong - 1.00 $550.00 $550.00(Arecont) to review working capital proposal

5/] 4/2018 Peter RichCer Asset Disposition Follow up call with D. Buns (Imperial) and 7. Mack 1.10 $550.00 $605.00(imperial) to model working capital adjustment to

purchase price

5/74/20] 8 Allen Soong Asset Disposition Case status update call with I. Koffman (Tw»spire) 0.80 $550.00 $440.00and P. Richter (Armory)

5/14/2018 Allen Soong Asset Disposition Group call witU R. Gruber, M. Livtek (Pachulski), A. ] .50 $550.00 $825.00Soong (Armory) and I. KofPmau (Turnspire) to

discuss working capital

5/]4/2018 Allen Soong Asset Disposition Correspondence with buyer regarding post-filing 0.40 $550.00 $220.00communications

5/14/2018 Allen Soong Asset Disposition Call with buyer to discuss status of Asset Purchase 0.50 $550.00 $275.00

Agreement (APA), Asset Purc}~ase Agreement

schediiles and first-day update

5/]4/20] 8 l~llen Soo~~g Asset Disposition Call with buyer to discuss working capital acljustn~ent 0.50 $550.00 $275.00

calculation

5/74/2018 Allen Soong Asset Disposition Call with D_ Iinrns (Imperial) and P. Richter 1.00 $550.00 $550.00(Armory) to discuss working capital adjustment

5/14/2018 Alen Soong Asset Disposition Coordinating continued diligence by buyer including 0.90 $550.00 $495.00assisting buyer's advisor in reviewing accounting

practices and data integrity, preparing f'or onsite visit

5/14/20] 8 Allen Soong Asset Disposition Call with S. Avila anti P. Richter (Armory) regarding 1.00 $550.00 $550.00

~~~orking capital

5/15/207 8 Paiila Sosamon Asset Disposition Read through Asset Pw~chase Agreement (APA) l .80 $325.00 $585.00

schedule materials to understand all schedules needed

to support agreement

5/15/20 ] 8 Scott Avila Asset Disposition Call P. Richter and A Soong (Armory) regarding First 0.70 $65Q00 $455.00

day hearing update and status of APA

E


Date Professional Task

5/15/2018 Scott Avila Asset Disposition

5/15/2018 Candy Chung Asset Disposition

5/15/2018 Candy Chung Asset Disposition

5/] 5/2018 Candy Clung Asset Disposition

5/15/2018 Panla Sosamon Asset Disposition

5/15/2018 Paula Sosamon Asset Disposition




5/l5/2018 Paula Sosamon Asset Disposition

5/15/2018 Yaula Sosamon Asset Disposition


5/15/2018 Paula Sosamon Asset DisposiCion



5/75/2018 Peter Richter Asset Disposition

5/] 5/2018 Peter Richter Asset Disposition

5/] 5/2018 Peter Richter Asset Disposition

5/]5/2018 Peter Richter Asset DisposiTion

5/] 5/2018 Peter Richter /asset Disposition

5/15/2018 Allen Soong /~ssel Disposition

5/15/2018 Allen Soong asset Disposition

_5/] 5/2018 Allen Soong Asset Disposition


Time Detail Report for the periodMay 14, 2018 through May 31, 2018

Weeltly all-lands update call with representatives of

AIG (DIP Lender), Baker Botts (J7IP lender counsel),Pachulski Stang (Debtor Counsel), Imperial Capital

(Debtor Investment Banker), Ankut a (DIP Lender

FA), C. Clung, A. Soong and P. Richter (Annoy)regarding status of Asset Purchase Agreement

Met with A. Soong (Armory) regarding APA andK~RP

Review draft APA and researched ouCstanding AYA

schedules

Weekly all-hands update call witU (multiple

attetldees) AIG, Ankara, Baker BotCs, Paclmiski,

Imperial regarding status of Asset Purchase

Gather information and integrating data for APAschedule L1(b)

Review asset purchase agreement schedule 12 and

information needed to collect

Review asset purchase agreement schedule 23

Litigation and information needed fo collect

Review asset purchase agreemenC schedule 2.4 -

Taxes and information needed to collect

Review asset purchase a~~eemenc schedule Z.5 Titles

and Liens and information needed to collect

Review asset purchase agreement schedule 2.6Owned Intellectual Property and information needed

Review asset purchase agreement schedule 2.6(b} I.PLicense from Other and information needed to collect

Review asset purchase agreement schedule 2.6(c) -

v~fringement and informarion needed to collect

Review asset purchase agreement schedule 2.7 -Real

Yrope~ty and information needed to collect

Review asset purchase agreement schedule 2.9Material Contracts and infonnitiorrneeded to collect

Review asset pLirchase ageement schedule 2. ] 2 -

I.,abor Matters and information needed to collect

Revie~~ open issues regarding diligence requests with

D: Burns (,Ianperiai) and L Koffman (Turnspire)

Weekly al]-]ands update call wit1~ (miiltiple

attendees) AICi, Ankara, Baker Botts, Pacl~nlski,

Imperial regarding status of Asset Pw chase

Call with M. Litvak, R Gruber (Pachiilski) and A.

Soong (Armory) to review stalking horse documents

Call wit'1~ D. Bm~ns (Imperial) to discuss diligence

items and working capital

Follow up call with buyer regarding planned

meetings and diligence requests, Turnspire, Imperial

Continued revie«~ of Asset Purchase Agreement

drafCs and correspondence with M. Litvak, R Gruber,

I. ICl~arasch (Pachulski) regarding same

Call with benefits broker to discuss post-sale

Weekl}~ all-hands update call with (multiple

attendees) AIG, Ankara, Baker' Botts, Pacl~ulski,]mperial regarding status of Asset Aurch~se

2

hours Rate Amount

1.20 $650.00 $780.00

0.20 $450.00 $90.00

0.50 $450.00 $225.00

120 $450.00 $540.00

0.90 $325.00 $292.50

0.80 $325.00 $2(0.00

0.90 $325.00 $292.50

1.10 $325.00 $357.50

I.10 $325.00 $357.50

1.60 $325.00 $520.00

0.80 $325.00 $260.00

0.70 $325.00 $227.50

0.80 $325.00 $260.00

0.70 $325.00 $227.50

0.40 $325.00 $130.00

1.00 $550.00 $550.00

1.20 $550.00 $660.00

1.00 $550.00 $550.00

1.00 $550.00 $550.00

U90 $550.00 $495.00

2.30 $SSOAO $1,265.00

0.60 $550.00 $330.00

].ZU $550.00 $660.00




Date Professional Task Descripfiov Hours Rafe Amount

5/l5/20l 8 Allen Soong Asset Disposition Fulfil] further diligence requests from Uuyer regarding 0.70 $550.00 $385.00German entity and post-sale h ansition

5/I S/2018 Allen Soong Asset Disposition Continue negotiations ~~ith buyer regarding working 2.90 $550.00 $1,595.00capital adjustment in APA

5/15/20l 8 Allen Soong Asset Disposition Review Asset Purchase Agreement with E. I-.40 $550.00 $770.00Deravanessiau and R. Calderon (Arecont), particularfocus on reps and warranties

5/15/2018 Allen Soong Asset Disposition Fulfill further diligence requests from Uuyer's 1.60 $550.00 $880.00prospective post-sale lender and Uuyer's accotmtingdiligence advisor

5/15/2018 Allen Soong Asset Disposition Call with M. Litvak, R. GruUer (Pacl~ulski) and P. 1.00 $550.00 $550.00Richter (Armory) to review stalking horse documents

5/16/2018 Paula Sosamon Asset Disposition Read and docwnent all APA Schedules needed 1.40 $325.00 $455.00

5/16/2018 Paula Sosamon Asset Disposition Review Consultant and Representatives (domestic 0.90 $325.00 $292.50and international) contracts to be added to dataroom

5/16/2018 Paula Sosamon Asset Disposition Added missing contracts from consultants and 0.70 $325.00 $227.50representatives (domestic and international) to thedata room

5/16/2018 Paula Sosamon Asset Disposition Meeting with E. Deravanessian (Arecont CFO) to 1.60 $325.00 $520.00review all schedules and documentation needed forthe APA

5/16/2018 Paula Sosamon Asset Disposition Continue to meet with ~. Deravanessian (Arecont 0.90 $325.00 $292.50CFO) regarding missing documentation needed forthe APA

5/16/201.8 Paula Sosamon Asset Disposition Status review of APA with C. Clung (Armory) 0.50 $325.00 $162.505/] 6/2018 Paula Sosamon Asset Disposition Status meeting update with A. Soong, J. Arendt, C. 0.50 $325.00 $162.50

Chung (Armory) regarding open issues

5/I6/20] 8 Scott Avila Asset Disposition C111 with A. Soong and P. Richter (Armory) 0.90 $650.00 $585.00regarding Turnspire APA

5/16/20].8 Scott Avila Asset Disposition Review and respond to multiple emails regarding 0.70 $(50.00 $455.00

5/16/2018 Candy Chung Asset Disposition Met wiCl~ R. Calderon (Arecont) regarding APA 0.70 $450.00 $3 ] 5.00schedules

5/l 6/2018 Candy Chung Asset DisposiCion Status meeting update with A. Soong, J. Arendt, P. 0.50 $450.00 $225.00Sosaman (Armory) regarding open issues

5/l6/2018 Candy Chung Asset Disposition MeetU~g with P. Sosaman (Armory) regarding APA 0.50 $450.00 $225.00schedules

5/16/2018 Paula Sosamon Asset Disposition Review asset purchase agreement schedule 2.19 0.90 $325.00 $292.50Insurance and Bonds and information needed to

5/16/20] 8 Paula Sosamon Asset llisposition Keview asset purchase agreement schedule 22 0.30 $325.00 $97.50Affiliate Transactions and information needed to

5/16/20] 8 Paula Sosamon Asset Disposition Review asset purc}~ase ag~~eemeut schedule 4.l (b) 0.50 $325.00 $l 62.50Conduct ofl3usiness end informatiai needed to

5/16/20] 8 Yaiila Sosamon Asset Disposition Revie~~~ asset purchase agreement schedtile 4.8 - 1.90 $325.00 $617.50Books cud Personnel Records and information❑eeded to collect

5/]6/2018 Peter Richter Asset DisposiCion Call with I. Koffinao (Turnspire) to ~~articipate in 3.80 $550.00 $2,090.00o»site diligence session ~~vitl~ D. 13urns (linperi~l) andA. Soong (AnnorY)

5/16/2018 Peter Richter Asset Disposition Call with R. Gruber (Pachulski), D. Burns (Lnperial), 120 $550.00 $660.00and A. Soong ('A~~nor}~) regarding ~+~~orking capitaladjustment in advance of buyer site visit

5/16/2018 Allen Soong Asset Dis}~osition Call with R. Gruber (Pacl~olski), ll. Burns (Imperial), 7 20 $550.00 $660.00and P. Richter (Annorv) regarding ~~~arking capitaladjastmeut iu advance of buyer site visit

3





5/16/2018 Allen Soong Asset Disposition Working session with buyer to resolve working 3.60 $550.00 $1,980.00capital adjustment calculation and other outstandingAPA issues

5/l6/20] 8 Allen Soo~rg Asset Disposition Advance preparation for working session with buyer 120 $550.00 $660.00to resolve working capital adjustment calculation andother outstanding APA issues

5/16/2018 Allen Soong Asset Disposition Correspondence with M. Litvak and R. Gruber 0.80 $550.00 $440.00(Paclmiski) regarding resulting drafting notes forAsset Purchase Agreement after working session with

5/16/201.8 Allen Soong Asset Disposition Further review ofAPA drafts; correspondence with 2.40 $550.00 $1,320.00counsel regarding same and schedules

5/16/2018 Allen Soong Asset Disposition Continuing to direct preparation of APA schedules, I.30 $550.00 $715.00including discussion with buyer regarding status

5/7 6/2018 Allen Soong Asset Disposition Contiiming to assist buyer wit'li post-sale transition 1.00 $550.00 $550.00planning for IIR functions/benefits

5/16/2018 Allen Soong Asset Disposition Develop net working capital calculation spreadsheet 1.70 $550.00 $935.00and review with E. Deravanessian and R. Calderon(Arecont)

5/16/2018 Allen Soong Asset Disposition Continue to fulfill diligence requests from buyer's 0.60 $550.00 $330.00prospective post-sale lender

5/16/2018 Jason Arendt Asset Disposition Meeting with C. Chtmg (Armory) regarding cash 0.60 $225.00 $135.00analysis reconciliation

5/] 6/2018 Jason ArendC Asset Disposition Status meeting update with P. Sosaman, J. Arendt, C. 0.50 $225.00 $112.50Chung (Armory) regarding open issues

5/16/2018 Allen Soong Asset Disposition Status meeting update with P. Sosaman, J. Arendt, C. 0.50 $550.00 $275.00Chung (Amio~y) regarding open issues

5/] 6/20] 8 Peter Ricf~ter Asset Disposition Calls with A. Soong and S. Avila (Armory) regarding 0.90 X550.00 $495.00Turnspire APA

5/17/2018 Paula Sosamon Asset Disposition Conference call with J. Fried (Pachulski) and C. 0.50 $325.00 $162.50Chtmg (Armory) to discuss contracts needed for APA

5/17/2018 Paula Sosamon Asset Disposition Meeting with E. Deravanessian (CFO - Arecont) to 0.80 $325.00 $260.00review all the contracts needed for the APA schedules

5/17/2018 Paula Sosamon Asset Disposition Review asset purchase aga~eement schedule - 4.7 (a) 1.50 $325.00 $487.50Executory Contract and information needed to collect

5/17/20] 8 Scott Avila Asset Disposition Call with P. Kicliter (Armory) on status of transaction 0.50 $650.00 $325.00for the stalking horse buyer

5/17/20] 8 Scott Avila Asset Disposition Review and respond to misc emails regarding revised 0.80 $650.00 $520.00term sheets

5/] 7/20] 8 Scott Avila Asset Disposition Call with M. Lyons (AIG) anti I. Lee (Ankura) 0.50 $650.00 $325.00regarding the draft AI'A

5/7 7/20] 8 Paula Sosamon Asset Disposition Meeting with D. Cooper (Arecont) to review list of 0.70 $325.00 $227.50all contracts needed to be located for tl~e APA

5/17/2018 Paula Sosamo~i Asset Disposition Contn~ue to pnI] inf'o~~~ation needed to completed 1.90 $325.00 $617.50asset purchase agreement schedules 1. ] (b) Contracts

5/] 7/2018 Patila Sosamo~~ Asset Disposition Continue to pull information needed to completed l .80 $325.00 $585.00asset purchase agreement schedules 2.6(b)1P Licensefiom other and schedule 2.19 Insurance and Bonds

5/17/20] 8 Candy Clung Asset Disposition Participated in call with J. Fried (Pachulski) and P. 0.50 $45000 $225.00Sosaman (Armor~~) regarding APA schedules andother open items

5/17/20] 8 Candy Chtmg Asset Disposition All-hands update call regarding Asset Purchase 0.60 $450.00 $270.00Agreement (APA)

5/17/2018 Candy Chung Asset Disposition Revie~~ed contracts for APA schedule 0.70 $450.00 $315.00

4





5/17/20] 8 Caudy Chung /lsset Disposition Reviewed and responded to emails from R. Calderon 0.50 $450.00 $225.00(Arecont) regarding contracts

5/17/2018 Peter Richter Asset Disposition Call with M. Litvek (Pachulski) and A. Soong 1.00 $550.00 $550.00(Armory) regarding case issues

5/17/2018 Peter Richter Asset Disposition Call with A. Soong (Armory) regarding detail of 1.20 $550.00 $660.00working capital calculation schedule for AiG

5/17/2018 Peter Richter Asset Disposition Group call with I. Koffman (Imperial), A. Soong 1.20 $550.00 $660.00(Armory), M.Litvek and R. GruUer (Pachulski)regarding documenting working capital caicu(ations

5/] 7/2018 Peter Kicl~ter Asset Disposition Follow up call with D. Burns (vnperial) regarding 1.20 $550.00 $660.00open diligence requests and APA review

5/17/2018 Allen Soong Asset Disposition Further correspondence/calls with R. GruUer and M. ] 30 $550.00 $715.00Litvak (Pacl~ulski) regarding outstanding AssetPurchase Agreement draft and schedules items,including breakup fee and expense reimbursement,working capital, contracts, AIG comments

5/17/2018 Allen Soong Asset Disposition Group call with L Koffinan (unperial), P. Richter 1.20 $550.00 $660.00(Armory), M.Litvek and R. Gruber (Pachulski)regarding documentating working capital calculations

5/17/2018 Allen Soong Asset Disposition Call with M. Litvek (Pacl~ulski) and P. Kichter ] 20 $550.00 $660.00(Armory) regarding case issues

5/17/2018 Allen Soong Asset Disposition Prepare exaivple source docwnents for working 1.60 $550.00 $880.00

capital adjustment calculation for upload to data room

5/17/2018 Allen Soong Asset Disposition Continue to work with buyer on post-sale transition 1.50 $550.00 $825.00

planning for HR/benefits and fulfilling other

5/17/20] 8 Allen Soong Asset Disposition Review/comment on updated drafts of APA 0.70 $550.00 $385.00

5/17/2018 Candy Chung Asset Disposition Reviewed APA sc}~edules 0.40 $450.00 $1.80.00

5/] 7/2018 Candy Clung Asset Disposition Call with S. Avila (Armory) on status of transaction 0.50 $450.00 $225.00

for the stalking horse buyer

5/] 7/2018 Paula Sosainon Asset Disposition Participated in call with J. Fried (.Pacl~ulski) and C. 0.50 $325.00 $162.50

Clung (Armory) regarding APA schedules and other

open items

5/] 7/20] 8 Allen Soong Asset Disposition Call with P. Richter (Armory) regarding detail of 1.20 $550.00 $660.00

working capita] calculation schedule for AIG

5/18/2018 Paula Sosamon Asset Disposition Continue to pull information needed to co~npleYed 7.80 $325.00 $585.00

asset purchase agreement Schedule 4.10(a) Executory

Contract

5/l8/20] 8 1'aiila Sosamon Asset Disposition Continue to pull inforni~tion needed to completed 1.90 $325.00 $617.50

asset purchase agreement schedule - 2.6 IP License

from Other

5/18/20] 8 Paula Sosamon Asset Disposition Contimie to pull information needed to completed 0.90 $325.00 $292.50

'asset purchase agreement schedule - 2.6IP License

from Other

5/l8/20] 8 Paula Sosamon Asset Disposition Review information received for APA Schedule 23 - 0.40 $325.00 $130.00

Litigation

5/18/20] 8 Paula Sosamon Assct Disposition Review information received for NAPA Schedule 2.5 0.60 X325.00 $195.00

Titles and Liens

5/l 8/2018 Candy Chung Assct Disposition Follow-up meeting with P. Sosaman (6~rmory) and E. 0.50 $450.00 $225.00

Deravanessian (Arecont) regardiu~ APA schedules

5/18/2018 Candy Chung Asset Disposition Met with J. Arendt (Annoy) and E. Deravauessian 0.50 ~a5Q00 $225.00

(Arecont) regarding APA and contracts

5/18/2018 Peter Richter Asset Disposition Call with R. Gruber, M. l.iti~ek (Pacl~ulski) and A. 0.70 $550.00 $385.00

Soong (Amory) to discuss APA filing

5




Date Professional Task Description FIours Rate Amount

5/l 8/20l 8 F'eter Richter Asset Disposition Call with A. Soong (Armory) to discuss open items to 1. ] 0 $550.00 $605.00be completed f'or diligence and follow up work

5/l 8/2018 Jason Are~~dt Asset DisposiCion Updated APA Schedules including; gathering, 2.40 $225.00 $540.00analyzing and sorting through contracCs.

5/18/2018 Jason Arendt Asset Disposition Meeting with ~. Deravanessian (Arecont) to assess 130 $225.00 $292.50any additional contracts that remain outstanding.

5/18/2018 Allen Soong Asset Disposition Revise working capital adjustment schedule f'or APA 130 $550.00 $715.00after further comments from buyer and AIG

5/18/2018 Allen Soong Asset Disposition Calls with R. Gruber, M. Litvek (Pachulski) and P. 0.70 $550.00 $385.00Richter (Armory) to discuss APA filing

5/18/2018 Allen Soong Asset Disposition Call with M. Lyons and E. Gonzalez (AIG) and I. 0.60 $550.00 $330.00Lee (Ar~k~ira) regarding working capital adjustmentcalculation

5/] 8/2018 Allen Soong Asset Disposition Call with company health benefits broker regarding 0.40 $550.00 $220.00post-sale transition planning for HR/benefits

5/7 8/2018 Allen Soong Asset Disposition Call with buyer regarding working capital adjustment 0.70 $550.00 $385.00calculation

5/l 8/20] 8 Allen Soong Asset Disposition Correspondence/calls with R. Gruber (Pachulski) 0.60 $550.00 $330.00regarding Asset Purchase Agreement draft andworking capital adjustment calculation

5/] 8/2018 Allen Soong Asset Disposilion Call with P. Richter (Annoy) to discuss open items ] .7 0 $550.00 $605.00to be completed for diligence and follow up work

5/18/2018 Paula Sosamon Asset Disposition Followed-up with C. Clmng (Armory) and E. 0.50 $325.00 $162.50Deravanessian (Arecont) regarding AP/A schedules

5/21/2018 Paula Sosamon Asset Disposition Meeting with A. Soong and C. Chung (Armory) to 0.70 $325.00 $227.50review APA schedules information

5/2l /2018 Candy Chung Asset Disposition Met with A. Soong and P. Sosama~i (Armory) 0.70 $450.00 $315.00regarding AP/1 schedules

5/21/2018 Allen Soong Asset Disposition Discussions with ~. Deravanessian and R. Calderon 0.80 $550.00 $440.00(Areco~it) regarding Asset Pnrcl~ase Agreementscl~edtiles, bidding procedures, KERP/KEIP

5/21/2018 i111en Soong Asset Disposition Meeting with P. Sosa~non and C. Chung (Armory) on 0.70 $550.00 $385.00Asset Purchase Agreement schedules

5/21/2018 Allen Soong Asset Disposition Correspondence with A. Osorio and I. Koffinan 0.60 $550.00 $330.00(Turnspire) end I. Lee (Ai~lnira) regarding stalki~ighorse bid

5/21/2018 Allen Soong Asset Disposition Correspondence with J. Mercer (.Donlin Recano) 030 $550.00 $165.00regarding Asset Pm chase Agreements elatedcom~nui~ications

5/2]/2018 Paula Sosamon Asset Disposition Continue to pull information needed in order to 1.90 $325.00 $617.50complete executory contracts

5/21/2018 Paula Sosamon Asset Disposition Continue to locate and pull information needed with 0.80 $325.00 $260.00E. Deravanessian (Arecont CFO) in locating andassessing execntoiy conU acts

5/21/20] 8 Pula Sosamon Asset Disposition Continue to pull information needed for schedule 1.1 2.10 $325.00 $682.50

5/2l /20l 8 Paula Sosauion Asset Disposition Continue to pull i~rformat'ion needed-to update 0.90 $325.00 $292.50scl~edale 2.6 License IP

5/2l/2018 Paula Sosamon Asset Disposition Revieti~ of schedule 2.9 Material Contract 0.70 $325.00 $227.50 .

5/21/20] 8 Paula Sosamon Asset Disposition Continue to gather information needed for schedule 0.80 $325.00 $200.004. t0 executory contracts

5/21/2018 Scott Avila Asset Disposition Review and respond to emails from M. Li[val< 0.80 $(50.00 $520.00(Pacl~ulski) regarding Asset sale

5/2l /20l 8 Alle~~ Soong Asset Disposition Correspondence with R. Gruber (Pacl~ulsl<i) 0.40 $550.00 $220.00regarding Asset Purchase Agree~uent schedules

6




Date Professional Task Description I-lours Ratc Amount

5/22/2018 Allen Soong Asset Disposition Coordinate transition pla~ming efforts with stalking 0.80 $550.00 $440.00horse bidder, R. Calderon and E. Deravanessian

5/22/2018 Paula Sosamon Asset Dispositimi Continue to work with E. Deravanessian (Arecont) 2.20 $325.00 $715.00locating executory contracts missing

5/22/2018 Paula Sosamon Asset Disposition Review with E. Deravanessian (Arecont CFO) status 0.80 $325.00 $260.00of executory contracts

5/23/2018 Paula Sosamon Asset Disposition APA call with R. Gruber (Pachulski) and A. Soong 0.50 $325.00 $162.50(Armory) to review questions received from Neil(Turnspire)

5/23/2018 Paula Sosamon /lsset Disposition APA Schedules edit and corrections to address 1.90 $325.00 $617.50questions received from N. Minihame (Turnspire)

5/23/2018 Peter Richter Asset Disposition Call wiCl~ I. Koffman (Turnspire), R. Caledron 0.90 $SSOAO $495.00(Arecont) and D. Burns (Imperial) to discuss businessupdates and any material issues

5/23/2018 Candy Chung Asset Disposition Met with P. Sosaman and A. Soong (Armory) 0.50 $450.00 $225.00regarding APA schedules

5/23/2018 Candy Chung Asset Disposition Reviewed and revised APA schedules 0.70 $450.00 $315.00

5/23/2018 Jason Arendt Asset Disposition Call with Turnspire (buyer) regarding APA schedules 0.50 $225.00 $112.50

5/23/2018 Candy Chung Asset Disposition Participated on call with N. Minil~ame (1'urnspire), 0.50 $450.00 $225.00D. Burns (Imperial), A. Soong, P. Sosaman, and J.Arendt (Armory) regarding APA schedules

5/23/2018 Candy Chung Asset DisposiCion Participated on call with N. Minihame (Tumspire), O.10 $450.00 $45.00D. Burns (Imperial), A. Soong, P. Sosaman, and J.Arendt (Armory) regarding APA schedules

5/23/2018 Allen Soong Asset Disposition Calls with R. Gruber (Pachulslci) regarding 0.40 $550.00 $220.00completion of Asset Purchase Agreement schedules

5/23/2018 Allen Soong Asset Disposition Call with l'. Richter (Armory) regarding buyer 020 $550.00 $110.00diligence status

5/23/2018 Allen Soong Asset Disposition Call with buyer regarding APA schedules 0.70 $550.00 $385.00

5/23/20] 8 Allen Soong Asset Disposition Call with A. Osorio (Tun spire) and R Calderon 0.80 $550.00 $440.00(Arecont) regarding status ofrelations witi~cusComers, vendors, and employees immediately afterfiling, including preparation with management

5/23/2018 Allen Soong Asset Disposition All-hands call with (multiple attendees) AIG, Baker 0.50 $550.00 $275.00Botts, Imperial, Pachulski, regarding status of AssetPurchase Agreement and marketing process

5/23/2078 Allen Soong Asset Disposition Review andcomuientonAssetPurchaseAgreement 2.80 $550.00 $],540.00schedules and directing completion

5/23/20] 8 Paula Sosamon AsseC .Disposition Continue to consolidate inFonnation received for the l .90 $325.00 $617.50executory contracts iv order to finalize tl~e request byN. Miniliame (Turnspire).

5/23/20] 8 Paula Sosaroon Asset Disposition Continue to review with E. Deravanessian (Arecont l .70 $325.00 $552.50CFO) all the contracts for latest updates t'o theexecutory contracts

5/23/2018 Patila Sosamon Asset Disposition Review of contracts uploaded iu dataroom 0.60 $325.00 $195.00

5/23/20] 8 Patila Sosamon Asset Disposition Continue to review contracts in Armory I3ox vs I.40 $325.00 $455.00Da[aroom

5/23/2018 Paula Sosamon Asset Disposition Follow up with J. Arendt (Armory) on contracts 0.20 $325.00 $65.00status to be loaded in die dataroom

5/23/201 8 Scott Avila Asset Disposition Itevie~v email from A. Soou~ (A~u~oi~~) regarding 0.60 $650.00 $390.00NetPosa

5/23/2018 .lason Arendt Asset Disposition Sorted and prepared data provided by i'. Sosamon for 0.60 $225.00 $li5.00AI'A Schedules

7


Armory Strategic Partners, LLC

Arecont Vision Holdings, LLC


May 14, 2018 through May 31, 2018


5/24/2018 Pula Sosamon Asset Disposition Meeting with E. Deravanessian (Arecont) to review 2.50 $325.00 $812.50

executory contracts and assess transferability and

needs for operations Uased ov Tumspire request

5/24/2018 Caudy Chung AsseC Disposition Met with E. Deravanessian (Areeont) regarding 0.50 $450.00 $225.00

collections and insurance

5/24/20].8 Candy Chung Asset Disposition Participated on call with M. Lyons, E. Gonzalez, M. 0.50 $450.00 $225.00

I-Iorwitz (AIG), I. Lee (Aiilcura), S. Antion, J.

Schreiber (Winston), A. Soong (Annory) regarding

5/24/2018 F'aula Sosamon /lsset Disposition Review of AR aging 0.70 $325.00 $227.50

5/24/2018 Paula Sosamon Asset Disposition Accow~ts Receivable collections meeting with ~. 1.60 $325.00 $520.00

Deravanessian and T. Smith (Arecont)

5/24/2018 Paula Sosamon Asset Disposition Review of APA schedule 4.10 -executory contracts 1.10 $325.00 $357.50

to assess missing contracts to be located

5/24/2018 Paula Sosamon Asset Disposition Follow up with ~. Deravanessian (Arecont CFO) on 0.40 $325.00 $130.00

executory conYracCs missing

5/24/2018 Scott Avila Asset Disposition Review and respond to mist emails from (M. Litvak - 0.40 $650._00 $260.00

Pachulski) regarding Asset sale

5/24/2018 Allen Soong Asset Disposition Participated on call with M. Lyons, E. Gonzalez, M. 0.50 $550.00 $275.00

Horwitz (AIG),1. Lee (Ankara), S. Antion, J.

Schreiber (Winston), C. Cjung (Annoy) regarding

5/25/2018 Patila Sosamon Asset Disposition Populate information gathered on the initial operating 130 $325.00 $422.50

report (IOR)

5/25/2018 Paula Sosa~non Asset Disposition Continue to work with E. Deravanessian (Arecont 0.90 $325.00 $292.50

CFO) on missing executory contracts

5/25/2018 Paula Sosamon Asset Disposition Review with E. Deravanessian (AreconC) on l .80 $325.00 $585.00

executory contracts that are needed for operations.

5/25/2018 Scott Avila Asset Disposition Call with A. Soong (Armory) regarding open issues 0.60 $650.00 $390.00

on sale process

5/26/2018 Paula Sosamon Asset Disposition Respond to emails from R. Grubber (Pachulski) 0.20 $325.00 $65.00

regarding Contracts added and reorganized in the

dataroom

5/29/20] 8 Allen Soong Asset DisposiTion Discuss UST comment regarding extending auction 0.40 $550.00 $220.00

and hearing dates and implications for cash

forecasting and APA and DIP documents with C.

5/29/2018 Allen Soong Asset Disposition Call with M. Litvak (Pacl~ulski), D. Burns (Imperial), 0.70 $550.00 $385.00

C. Newcomb, E Grillo (Balser Bolts) regarding UST

comments on Asset Purchase Agreement;

correspondence with team regarding wine

5/29/2018 Allen Soong Asset Disposition Correspondence with buyer regarding UST coi~vnents 0.30 $550.00 $165.00

regarding APA, specifically exclusion ofpersonally

identifiable information (PII) from assets to be

transferred

5/29/2078 Allen Soong Asset Disposition Call with D. Bu~us (Imperial) regarding business 030 $550.00 $165.00

5/30/2018 Paula Sosamon Asset Disposition Meeting with R. Calderon (Arecont COO) to review ] 20 $325.00 $3)0.00

executory contracts and assess what is needed for

operations Uased on Turnspire's request

5/30/2018 Alicn Soong Asset Dis~osi[ion Further review of Asset Purchase Agreement 1.40 $550.00 $770.00

schedules and discussing status of search for contract

documents with P. Sosamon (Armory)

x/30/2018 Allen Soong Asset Disposition Correspondence with buyer regarding post-sale 0.40 .`6550.00 $220.00

transition issues, including commercial insurance

5/30/20]8 Paiila Sosamon Asset Disposition ]=urtherreviewofAssetPurchaseAgreeiuent 1.40 $325.00 $455.00

schedules and discussing status of search for contrlct

documents with A. Soong (Armo»~)





May 14, 2018 through May 31, 2018


5/3 ] /20 ] 8 Paula Sosamon Asset Disposition


5/37/2018 Allen Soong Asset Disposition



Sul> Total: Asset Disposition

Business Operations

5/14/2018 Paula Sosamon Business Operations

5/]4/2018 Paula Sosamon Business Operations



5/14/2018 Patila Sosamon Business Operations


5/14/2018 Candy Clung Business Operations

5/14/20] 8 Candy Chung Business Operations

5/14/2018 Candy Chung Business Operations

5/]4/2018 Candy Clung Business Operations

5/]4/2018 Candy Chung Bnsiuess Operations

5/]4/2018 Candy Clung Business Operations

5/14/2018 Candy Chwig Business Operatio»s

5/l4/20] 8 Peter Richter Business Operations

5/14/2018 Allen Soa~g Business Operatiuns

Description Hours Rate Amount

Cail with R. GruUer (Pachulski) regarding APA 020 $325.00 $65.00

schedule executory contract

Accounts receivable status follow up with T. Smith 0.90 $325.00 $292.50

(Arecont)

Correspondence with M. Litvak, R. Gruber 0.50 $550.00 $275.00

(Pachulski), P. Sosamon and C. Chung (Armory)

regarding Asset Purchase Agreement schedules, data

room updates, and scrubbing PII from project

registration system to exclude from sale

Review APA press release 0.30 $650.00 $195.00

Call with A. Soong (Armory) regarding marketing 0.60 $650.00 $390.00

process

184.40 $83,852.50

Initiated the Know Your Customer (KYC) 1.20 $325.00 $390.00

Information Request 1^orm from AIG to send to C.

Newcomb, E. Grillo (Baker Botts) and M. Litvak

(Pachulski)

Develop organizational chart for E. Deravanessian 0.60 $325.00 $195.00

(Arecovt-CFO) team.

.Review and consolidate company organizational 0.50 $325.00 $162.50

charts for KYC Information Request Form from AIG

Email exchange with M. Litvak (Pacl~ulski) to 0.20 $325.00 $65.00

address questions regarding "guarantor" on KYC

Information Request Form

Meeting witU D. Cooper and E. Faust (Arecont) to 0.80 $325.00 $2(0.00

review customer account by salesperson

Pull docume»ts together for R. Fulgl~am (Sierra l .80 $325.00 $585.00

Constellation Partners) from the Dataroom in

preparation for upcoming visit on Tuesday

Review and respond to emails from M. Litvak and J. 0.50 $450.00 $225.00

ONeill (Pacl~uls]<i) regarding U~nkruptcy and

amended notice of borrowing

Met with F. Deravanessian (Arecont) and P. Richter 0.70 $450.00 $315.00

(Armory) regarding accounting

Met with A. Soong (Armory regarding employee 0.40 $450.00 $180.00

meeting and open items list;

Met ti~ith E. Deravatlessiai~ (Arecovt) regarding bank 0.20 $450.00 $90.00

accounts and invoices

Prepared Wl~RN Act analysis 0.30 $450.00 $1.35.00

Met witU J. Arendt re AR & im~entory analysis; 0.40 $450.00 $180.00

reviewed DIl' agreement

Weekly all-hands update call (mnlCiple attendees) to 1.50 $450.00 $675.00

discuss bankruptcy f7ling and address employee

questions, i~~clnding one-on-one questions and

answers (Q&A)

Weekly all-hands update c~i (multiple attendees) to 1.50 $550.00 $82 .00

discuss bankn~ptcy filing and address employee

questions, including one-on-one questions and

ans~~~ers (Q&A)

Conference call with Debtor's global sales team 1.00 $550.00 $550.00

(multiple attendees) to discuss bankruptcy filing and

key messaging fbr customers

ti~




Date Professional Task Descripfia~ Hours Rate Amount

5/14/201.8 Allen Soong Business Operations Continued review of Asset Purchase Agreement 1.30 $550.00 $715.00(AI'A) drafts

5/]4/2018 Allen Soong Business Operations Furtl~erreview and comment on crisis convnanication 0.60 $550.00 $330.00materials

5/14/2018 Allen Soong Business Operations Weekly all-hands update call (multiple attendees) to I.50 $550.00 $825.00discuss bankruptcy filing and address employeequestions, including one-on-one questions andanswers (Q&A)

5/14/2018 Allen Soong Business Operations Discuss Key Employee Retention/Incentive Ilan 0.40 $550.00 $220.00(KERP/KEIP) with M. Litvak (.Pachulski)

5/14/2018 Jason Arendt Business Operations Meeting with C. Chung (Armory) regarding AR and 0.40 $225.00 $90.00n~ventory analysis; reviewed DIP agreement

5/]4/2018 Peter Richter Business Operations Met witi~ E. Deravanessian (Arecont) and C. Chung 0.70 $550.00 $385.00(Armory) regarding accounting

5/15/2018 Candy Chung Business Operations Reviewed and researched questions from US Trustee 0.50 $450.00 $225.00re privacy policy

5/15/2018 Candy Chung Business Operations Met with P. Sosaman and J. Arendt (Armory) 020 $450.00 $90.00regarding urventory, working capital, and open items

5/15/2018 Jason Arendt Business Operations Actualized cash flows for weekly cash report 2.70 $225.00 $607.50

5/l5/2018 Jason Arendt Business Operations APA status check call with Pachulski, Imperial and 130 $225.00 $292.50

team in advance of lender call.

5/] 5/2018 Allen Soong Business Operations Call with international sales team regarding weekly 0.90 $550.00 $495.00

update and customer messaging

5/15/2018 Candy Chm~g Business Operations Analyzed inventory end workipg capital 0.80 $450.00 $360.00

5/15/2018 Jason Arendt Business Operations Meeting with C. Chung and P. Sosarrion (Armory) 020 $225.00 $45.00

regarding inventory, working capital, and ancillary

5/15/2018 Paula Sosamon Business Operations Met with C. Chung and J. Arendt (Armory) regarding 020 $325.00 $65.00

inventory, working capital, and open items

5/16/20'18 Candy Clung Business Operations Meeting wiCh R. Calderon and ~. Deravanessian 1.00 $450.00 $450.00

(ArecoSrt) regarding vendor communications,

personnel issues, cash management, and other open

5/16/2018 Candy Chang Business Operatiw~s Met with R. Calderon (Arecont) regarding post- 0.50 $450.00 $225.00

petition disbursements and agreements

5/] 6/2018 Candy Chung Business Operations Meeting with R. Calderon (Arecont) and J. Arendt 0.60 $450.00 $270.00

(Armory) regarding personnel and agreements

5/l6/2018 Allen Soong Business Operations Discuss KERP/KEIl' with M. Litvak (Pachulski) and 0.90 $550.00 $495.00

R. Calderon and E. Deravanessian (/~recont);

correspondence regv-ding same

5/l 6/2018 Allen Soong Business Operations Continue to assist E. Faust and R. Calderon (Arecont) l .7 0 $550.00 $605.00

in responding to vendor inquiries and assessing status

ofrelationships

5/16/2018 Candy Chung Business Operations Follow-up meeting with E. Deravanessian (Arecont) 0.70 $450.00 $315.00

regarding cash management

5/1(i/2018 Candy Chung ]3usiness Operations Reviewed nPA agreements 0.30 $450A0 $] 35.00

5/16/2018 Jason Arendt Business Operations MeY with R. Caldron (l~recont) and C. Chtuig 0.60 $225.00 $735.00

(Armory) regarding presonel and agreements.

5/17/2018 Candy Chung Business Operations Revic~v and respond to emails from J. O'Neill (PS1_.J) 020 $450.00 $90.00

regarding ordinary course professionals

5/17/20] 8 Allen Soong i3usiness Operations Address outside corporate counsel's concerns 0.50 $550.00 $275.00

regarding ordinary course professional status at

request oflZ. Calderon (~recont)

5/17/2018 Allen Soong Business O}~erations Continued discussion ~a~ith R. Calderon a~~d F. 0.60 $550.00 $330.00

Deravanessian (Arecont) regarding KELP/KI~RP and

wage motion





May 14, 201 S through May 31, 2018


5/17/2018 Allen Soong Business Operations Call with P. Sosamon and C. Chung and J. O'Neill 0.40 $550.00 $220.00

(Pacl~tilski) regarding IOR and filings for 2nd day

bearing

5/] 7/2018 Allen Soong Business Operations Provide input for press release announcing execution 0.60 $550.00 $330.00

of stalking horse APA

5/17/2018 Allen Soong Business Operations Addressing vendor inquiries with R. Calderon 0.30 $550.00 $165.00

5/17/2018 Allen Soong Business Operations Correspondence with M. Litvak and J. Fried 0.20 $550.00 $110.00

(Pacvulski) regarding K~IP/K~RP and wage motion

5/17/2018 Allen Soong Business Operations AddiCional discussion with team regarding IOR and 0.40 $550.00 $220.00

filings for 2nd day bearing

5/] 7/2018 Allen Soong Business Operations Discuss approach with the media with R. Calderon 0.60 $550.00 $330.00

(Arecont)

5/l7/2018 Jason Arendt Business Operations Meeting with A. Soong (Armory) and E. Faust 1.00 $225.00 $225.00

(Areeont) regarding invenCory/purchasing

5/17/2018 Candy Chung Business Operations Call with P. Sosamon, A. Soong (Armory) and J. 0.40 $450.00 $180.00

O'Neill (Pacl~ulski) regarding IOR and f7lings for 2nd

day }gearing

5/17/2018 Paula Sosamon Business Operations Call with A. Soong, C. Chung (Arniory) and J. 0.40 $325.00 $130.00

O'Neill (Pachulski) regarding IOR and filings for 2nd

day l~earin~

5/18/2018 Lnke Goetz Business Operations Weekly all-lands update call with (multiple 0.70 $500.00 $350.00

attendees) AIG, Ankur, Baker Botts, Lnperial and

Pachulski to review weekly materials

5/] 8/2018 Scott Avila Business Operations Weekly all-hands update call with (multiple 0.70 $650.00 $455.00

attendees) AIG, Ankur, Baker Botts, bnperial and

Pachulski to review weekly materials

5/18/2018 Caudy Chung Business Operations Met with R. Calderon (Arecont) regarding invoices, 0.80 $450.00 $360.00

vendors, budget, APA and other open items

5/18/2018 Candy Chung Business Operations Met with E. Deravanessian (Arecont) regarding ALR ].20 $450.00 $540.00

and disbursements

5/18/2018 Peter Richter Business Operations Weekly all-hands update call with (multiple 0.70 $550.00 $385.00

attendees) AIG, Ankur, Baker Botts, Imperial and

Pacl~u]ski to review weekly materials

5/18/2018 Allen Soong Business Operations Weekly all-hands update call with (multiple 0.70 $550.00 $385.00

attendees) AIG, Ankw, Baker T3otts, Imperial and

Pacliulski to review weekly materials

5/18/2018 Jason Arendt Business Operations Weekly all-hands update call with (multiple 0.70 $225.00 $157.50

attendees) AIG, Ankur, T3aker Botts, Imperial and

Pacl~ulski to review weekly n~acerials

5/18/2018 Candy Chung Business Operations Meeting with F.,. Deravanessian (Arecont) regarding 0.80 $450.00 $360.00

invoices to wire

5/18/2018 Jason Arendt Business Operations Follow-up with C. Chung (Annoiy) regarding APA 0.50 $225.00 $l 12.50

and contracts

5/21/2018 Candy Chung Business Operations Met ~a~ith E. Deravanessian (Arecont) regarding 0.50 $45Q00 $225.00

QuickBooks and invoices

5/22/2018 .Talon /lrendt Business Operations Month-On-Hand Im~entory Analysis 0.60 $22.5.00 $135.00

5/22/2018 Jason Are»dt Business Operations Actualized c~isl~ slows iu weekly c<isl~ report 1.90 $22 .00 $427.50

5/23/20] 8 Candy Chtmg Business Operations Met r~~ith R. Calderon (Arecont) regarding 0.50 $450.00 $225.00

disbursements and other matters

5/Zi/Z018 Canciy Chung Business Operations Met with l:. Faust; I . Deravanessian, G. Ponce, R. 1.00 $4:10.00 $4 0.00

Calderon, A. Galvan (Arecont), A. Soong and J.

Arendt (Armory) regarding inventory parcl~ases

5/23/20] 8 Jason Arendt Business Operations Inventory Analysis to prioritized component 0.90 $225.00 $202.50

shipments to Iulfill backlog orders

11




Date Processional Task Description hours Rate Amount

5/23/2018 Jason Arendt Business Operations Analysis of accounts receivable (AR) to update 0.70 $225.00 $157.50weekly cash repot

5/23/2018 Jason Arendt Business Operations Purchasing coordination meeting with C. Chung, A. I.00 $225.00 $225.00Soong (Armory), R. Caldron, E. Deravassian and ~.I'aust (Arecont).

5/24/2018 Caudy Chung Business Operations MeC with I2. Calderon (Arecont) regarding inventory 0.50 $450.00 $225.00shipments

5/24/2018 Jason Arendt Business Operations Updated contera shipping schedule for reforcasted 1.40 $225.00 $315.00trade payable disbursements

5/25/2018 Candy Chung Business Operations Reviewed purchase orders report 020 $450.00 $90.005/25/2018 Candy Clung Business Operations Met with K. Calderon (Arecont) regarding asset sale, 0.30 $450.00 $135.00

sales, and inventory purchases

5/25/2018 Jason Arendt Business Operations Weeldy all-hands update call with (multiple 0.60 $225.00 $135.00attenedees) AIG, Ankura, Baker ]3otts, Imperial,Pachulski, and tearri regarding sales process and cash

5/25/2018 Jason Arendt Business Operations Met witU ~. Paust (Arecont), ~. Deravauessiau, G. 0.50 $225.00 $1 ].2.50Ponce, R. Calderon, A. Galvan (Arecont) and C.Chong (Armory) regarding inventory ptuchases

5/25/2018 Jason Arendt Business Operations Follow-up with D. Copper (Arecont) on personally 0.30 $225.00 $67.50identifiable Information of households consumer.

5/25/2018 Jason Arendt Business Operations Reviewed inventory purchase orders for current week 030 $225.00 $67.50prior to meeting

5/29/20].8 Paula Sosamon Business Operations Review contracts in Armory boa and dataroom to 1.60 $325.00 $520.00identify missing contracts to be provided to Turnspire

5/29/2018 Allen Soong Business Operations Discussion witU R. Calderon and ~. Dervanessian 0.50 $550.00 $275.00(Arecont) regarding IDI, IOR, updated start tune forsecond-day bearing on 6/8/18, includingcorrespondence with counsel regarding same

5/29/2018 Jason Arendt Business Operations Actualized cash flows 1.60 $225.00 $360.00

5/29/2018 Jason Arendt Business Operations Analysis of Account Receivable (AR) to update ] .30 $225.00 $292.50

weekly cash report

5/30/2018 Candy Chung Business Operations Reviewed payroll forecast 0.30 $450.00 $135.00

5/30/2018 Jason Arendt Business Operations Prepared end of day Workers Compensation repots 030 $225.00 $67.50

5/30/2018 Candy Chung Business Operations Call with A. Galvan (/~recont) regarding invoices 0.20 $450.00 $90.00

5/3l/2018 Candy Clung Business Operations Met with E. Deravauessian (Arecont) and P. Sosamau 0.90 $450.00 $405.00

(Armory) regarding credit card aocounts

5/31/20] 8 Candy Chung Business Operations Met ~a~ith R. Calderon (Arecont) and A. Soonb 0.50 $450.00 $225.00

regarding inventory pm chases

5/3]/2018 Jason Arendt Business Operations Cash flow variancea~iaylsis ].50 $225.00 $337.50

5/37/2018 Allen Soong Business Operations Con~espondence with M. Litvak, J ONeill 020 $550.00 $110.00

(Pacl~ulski) regarding 2nd day hearing appearance

Sub Total: Business Operations 6]..50 $23,930.00

Cash Flow Projections

5/22/2018 Candy Chung Cash Flow Projections Met with P. Sosaman and A. Soong (Armory) 0.30 $450.00 $] 35.00

regarding inventory and purchase orders

5/22/2018 Paula Sosai~~on Cash Plo~~ Projections Met ~n~ith C. Chung and A. Soong (Armory) regarding 030 $325.00 $97.50

inventory Trod }purchase orders

5/14/20] 8 Allen Soong Cash Plow Projections Analyze WARN exposure with assistance from C. ] 20 $550.00 $660.00

Swis (couipauy labor cotmsel)

5/'I 6/2018 Candy Clung Cash Flow Projectio~~s Meeti~~g ~~~itl~ I. Arendt (Armory) regarding dish flow 0.80 $450.00 $360.00

5/I (/2018 Candy Chung Cash Flow Projections Analyzed DiP forecast 0. ~0 $450.00 $135.00

5/16/2018 Candy Chung Cash Flo~~v Projections Met ~~~itl~ J. 6~rendt (nrmory) to reconcile cash 0.60 $450.00 $270.00

5/] 6/207 8 Jason Arendt Cas}~ 1=10~~ Projections Meeting with C. Clung (Armory) regarding cash 0.80 $225.00 $] 80.00

12





May 14, 2018 through May 31, 2018


5/l6/20l 8 Jason Arendt Cash Flow Projections Meeting with C. Chung (Arn~ory) on cas(~ 0.40 $225.00 $90.00

5/16/2018 Jason Arendt Cash Flow Projections Compared achials against forecast to determine 1.00 $225.00 $225.00

weekly adjustments to rolling forecast

5/l6/20] 8 Jason Arendt Cash Flow Projections Analyzed current inventory and outstanding purchase 1.40 $225.00 $315.00

orders to determine fiiture inventory receipts.

5/l6/201 & Jason Arendt Cash Flow Projections Updated working capital assumpCions in rolling 0.60 $225.00 $135.00

5/] 6/2018 Candy Chung Cash Flow Projections Meeting with J. Arendt (Amory) on cash 0.40 $450.00 $l 80.00

5/]7/2018 Candy Chung Cash Plow Projections Met with E. Deravanessian (Arecont) regarding cash l 10 $450.00 $495.00

flow

5/17/2018 Candy Chung Cash Plow Projections Analyzed and revised actual cash flow and variances 0.90 $450.00 $405.00

5/17/2018 Candy Chung Casio Flow Projections Revised winddo~~n budget 0.40 $450.00 $180.00

5/]7/2018 Allen Soong Cash Plow Projections Meeting with J. Arendt and C. Chtmg fo review and 0.50 $550.00 $275.00

finalize weekly memo.

5/17/2018 Candy Clung Cash Flow Projections Review and respond to emails from ~. Deravanessian 030 $450.00 $]35.00

(Arecont) and A. Nersessian (Arecont) regarding

reclamation demands, and disbursements

5/18/2018 Allen Soong Cash Flow Projections Meeting with R. Calderon, E. Deravanessian 1.10 $550.00 $605.00

(Arecont) and C. Chung (Armory) to revisit cash flow

forecast in light of sales order cancellations and

vendor demands for cash in advance

5/7 8/2018 Candy Clung Cash Flow Projections Meeting with R. Calderon, E. Deravanessian l .10 $450.00 $495.00

(Arecont) and A. Soong (Armory) to revisit cash flow

forecast in light of sales order cancellations and

vendor demands for cash in advance

5/21./2018 Allen Soong Cash Flow Projections Update wind-down budget for call with S. Antion 0.60 $550.00 $330.00

(Winston) regarding NetPosa IitigaYion budget

5/21/2018 Jason Arendt Cash Plow Projections Updated cash report and rolling forecast to reflect 3.10 $225.00 $697.50

current DIP budget and new repo ting requirement

5/22/2018 Candy Chung Cash Flow Projections Updated pre-petition disbursements tracker 0.40 $450.00 $180.00

5/22/2018 Candy Chung Cash Flow Projections Met with J. Arendt (Armory) regarding cash flow 0.50 $450.00 $225.00

reporting

5/22/2018 Candy Chung Cash Plow Projections Met with J. Arend[ (Armory) regarding actual cash 0.20 $450.00 $90.00

5/22/2018 7ason Arendt Casl~ Flow Projections Meeting with C. Chtmg (Armory) regarding cash 0.50 $225.00 $l 12.50

flow reporting

5/22/20].8 Jason Arendt Cash Flow Projections Meeting witU C. Chung (Armor}+) regarding actuals 0.60 $225.00 $135.00

and to approve disbursements

5/23/20] 8 Candy Chung Cash Flow Projections Met with J. Arendet (Armory) regarding cash flow 0.40 $450.00 $180.00

forecast

5/23/20] 8 Candy Chung Cash Flow Projections Met wit1~ J. Arendt (Armory) regarding cash flow 0.] 0 $450.00 $45.00

forecast

5/23/2018 Candy Chung Cash Flow Projections Analyzed accounts payable records 0.30 $450.00 $135.00

5/23/20] 8 Candy Chung Cash Plow Projections Reviewed actual casi~ flo~~~ 0.30 $450.00 $135.00

5/23/20] 8 Candy Cht~ug Cash Flow Projectio»s Met with J. Arendt (Armory) regarding cash flow 0.50 $450.00 $225.00

forecast

5/23/20] 8 Candy Chung Cash Flow ProjecCions Analyzed inventor} shipment schedule 0.60 $450.00 $270.00

5/24/2018 Candy Chung Cash Plow Projections Reviewed draft cash flow forecast 0.70 $450.00 $315.00

5/24/2018 Candy Chung Cash Flow Projections Call with A. Soong (Armory) regarding ~vinddo~vn 0.30 $450.00 $135.00

and forecast

5/24/20] 8 Candy Chung Cash Flow Projections Review ~md revise ~~iud down budget 0.70 $450.00 $315.00

5/24/2018 Jason Arendt Cash Plow Projections Updated rolling forcast for ai~alyzi~~g cash flow 3.30 $225.00 $742.50

projection

5/24/2018 Candy Clung Cash Flow Projections Metwitl~ 1. Derav~inessian (Arecont)regardingwind OSO $4SQ00 $li5.00

down asswnptions

13





5/25/30] 8 Caudy Chung Cash Flow Projections

5/25/20] 8 Candy Clmng Cash Plow Projections

5/25/2018 Candy Chung Cash Plow Projections

5/25/2018 Candy Chung Cash Plow Projections5/29/2018 Candy Chung Cash Flow Projections

5/29/20 ] 8 Candy Clmng Casli Flow Projections

5/29/2018 Jason Arendt Cash Flow Projections

5/29/2018 Jason Arendt Cash Plow Projections

5/30/2018 Candy Chung Cash Flow Projections

5/30/2018 ~111en Soong Casli Flow Projections

5/30/20].8 Jason Arendt Cash Plow Projections

5/30/2018 Jason Arendt Cash Plow Projections5/30/2018 Jason Arendt Cash Floe Projections

5/30/2018 Jason Arendt Cash Flow Projections

5/3]/2018 Candy Chung Cash Plow Projections5/31/2018 Candy Chung Cash Flow Projections



5/3]/2018 Allen Soong Cash PlowI'rojections

5/31/2018 Allen Soong Cash Flow Projections

5/3]/2018 Jason Arendt Cash Flow Projections

5/3]/2018 Caudy Chung Cash Plow Projections

5/3]/2078 Candy Chung Casl~FlowProjections5/31/20]8 Jason Arendt Casl~FlowProjections

Sub Total Cash flow Projections

Cash Manavement5/14/2018 Paula Sosamon Cash Management

DescripCion Hours Race Amount

Call with A. Soong (Armory) regarding inventory 0.10 $450.00 $45.00

and disbursements

Met with. Deravanessian (Arecont) regarding 0.40 $450.00 $180.00

disbursements, invoices, and instn-ance

Met with E. Faust (Arecont), E. Deravanessian, G. 0.50 $450:00 $225.00

Ponce, K. Calderon, A. Galvan (Arecont) and J.

Arendt (Armory) regarding inventory purchases

Analyzed inventory and disbursements 0.20 $450.00 $90.00

Met with A. Soong and J. Arendt (Armoary) 0.20 $450.00 $90.00regarding cash flow assumptions

Met with J. Arendt (Armory) regarding cash flow 030 $450.00 $135.00

forecast

Updated weekly cash report: added additional cash 030 $225.00 $67.50

reporting memo lines, footnotes and ancillary

adjustments.

Meeting with A Soong and C. Chung (Armory) 0.20 $225.00 $45.00

regarding cash flow assumptions

Met with J. Arendt and A. Soong (Armory) to update 1.50 $450.00 $675.00

cash flow forecast to reflect purchasing forecast

Meeting with C. C}mng and J Arendt (Armory) to 1.50 $550.00 $825.00

update cash flow forecast to reflect purchasing

Gathered and uploaded newly found contracts to the 0.60 $225.00 $135.00

Armory Box

Meeting with R. Caldron on June Revenue forecast 0.40 $225.00 $90.00

Meeting with R. Caldron regarding June revenue 0.40 $225.00 $90.00

i'orecast

Meeting witi~ L. Clmng end A Soong (Armory) to 1.50 $225.00 $337.50

update cas}~ flow forecast to reflect purchasing

Revised winddown budget 0.80 $450.00 $360.00

Met with R. Calderon (Arecont) regarding sales and 0.50 $450.00 $225.00cash flow forecast

Met with J. Arendt (Armory) regardiug cash flow 0.40 $450.00 $180.00

forecast

Follow-up meefi~g with E. Faust (Arecont) regarding 020 $450.00 $90.00

inventory forecast

Reviewing and commenting on draft wind-down 0.60 $550.00 $330.00budget and assumptions

Reviewing and commenting on updated rolling cash 1.50 $550.00 $825A0

forecast

Updated rolling forecast for analyzing cash Pow 2.80 $225.00 $630.00projection

Met with J. Arendt (Armory) regarding sales and cash 030 $450.00 $] 35.00

flow forecast

Analyzed cash flow forecast 2.00 $450.00 $900.00

Meeting with C. Cl~uug (Annorp) to discuss changes 0.40 $225.00 $90.00

to the cash flow forecast

44.50 $ ] 6,570.00

Initial meeting wiCl~ L. Deravanessian (Arecout - 0.80 $325.00 $260.00

C1=0) to review cu~Te~~t accounts receivable (AR)

balances

14





5/]4/2018 Paula Sosamon Cash Management Research dataroom and Armory Box with ~. 0.40 $325.00 $130.00Stepauian and ~. Deravanessian (Arecont) to locatevalid DL or Passport to support KYC Information

5/]4/2018 Paula Sosamon Cash Management Initiate Accounts Receivable analysis to track weekly 2.20 $325.00 $715.00deposits to closely moniCor 60+days aging

5/]4/2018 Candy Chung Cash Management Review and respond to emails regarding accounting, l .00 $450.00 $450.00disbursements, and mist. issues

5/14/2018 Allen Soong Cash Management Direct completion of initial DIP advance and 0.30 $550.00 $165.00notification of depository banks oI~DIP status

5/14/2018 Allen Soong Lash Management Direct completion of KYC (Know Yom- Customer) 0.20 $550.00 $110.00forms for DIP Agent

5/15/2018 Paula Sosarnon Cash Management Review cwrent Accounts ReceivaUle (AR), 2.80 $325.00 $910.00integrating multiples reports (AR Balance, creditlimits, salesperson, country, currency, etc.) to developa fiill AR analysis to Ue managed going forward

5/] 5/2018 Caudy Clmng Cash Management Met with E. Deravanessiau and R. Calderon 020 $450.00 $90.00(Arecont) regarding prepefition payments

5/15/2018 Allen Soong Cash Management Carrespondence witU B. Anama and M. Boyd (East 0.20 $550.00 $110.00West Bank) regarding DIP accotmts

5/15/2018 Candy Chung Cash Management Call wiCli J. Fried (Pachulski) regarding prepetition 0.10 $450.00 $45.00payments

5/] 6/2018 Candy Chung Cash Management Reviewed bank activity 1.00 $450.00 $450.00

5/16/2018 Candy Chung Cash Management Meeting with E. Deravanessian regarding outstanding 1.00 $450.00 $450.00checks

5/17/2018 Candy Chung Cash Management Met with J. Arendt (Armory) regarding actual cash 0.30 $450.00 $135.00

5/17/2018 Candy Chwig Cash Management Met with E. Deravanessian (Arecont) regarding bank 0.30 $450.00 $]35.00reconciliation and outstanding checks

5/17/2018 Candy Chung Cash Management Prepared prepetition check list and drafted notices to 0.70 $450.00 $315.00banks

5/17/2018 Candy Chung Cash Management Analyzed AY 030 $450.00 $135.00

5/] 7/2018 Candy Chm~g Cash Management Met with E. Deravauessian (Arecont) regarding 0.30 $450.00 $135.00disbursements

S/] 7/20] 8 Allen Soong Cash Management Meeting with J. Arendt (Armory) and E. Pausf 1.00 $550.00 $550.00(Arecont) regarding inventory/purchasing

5/17/2018 Jason Arendt Cash Management Created disbursemenT tracker to record all pre- 120 $225.00. $270.00petition payments as outlined in each motion.

5/17/2018 Candy Chung Cash Management Met with L. Deravanessian (Arecont) regarding 0.70 $450.00 $315.00actual cash flow

5/7 7/2018 Jason Arendt Cash Management Meeting with C. Clung (Annoiy) regarding actual 0.30 $225.00 $67.50cash flow.

5/17/2018 Trion Arendt Cash Management Updated disbursement tracker with prepetition 0.70 $225.00 $157.50payments made to employees and shippers.

5/18/2018 Candy Chung Cash Management Reviewed invoices for payment 0.50 $450.00 $225.00

5/l 8/2018 Candy Chung . Cash Management Revie~~ecl and approved checks and wires 0.70 $450.00 $315.00

5/18/201 S Candy Chm~g Cash M~na~ement Call with East West F3ank representative re wires 020 $450.00 $90.00

5/l 8/2018 Candy Chum Cash Management' Meeting with E. Deravanessian (Arecont) regarding 030 $450.00 $135.00invoices to ~a~ire

5/18/2018 Allen Soong Cash Management Meeting with E. Faust, R. Calderon, A. Galvan, G. 0.80 $550.00 $440.00Pence (nrecont) to address vendor demands forimmediate pa}~ment or deposits in advance of

5/21/2018 .lason Arendt Cash Management Analyzed disbursements fiinn Wr 05/19 acid updated 0.80 $225.00 $180.00prepetition disbiu~sement tracker.

5/21/2078 Candy Chung Cash Man~~gement Revic~~ved and responded to emails from M. Boyd 0.30 $450.00 $135.00(East West Bank) regarding bank processing

15


Armory Strategic Partners, PLC



May 14, 2018 through May 31, 2018

Date Professional Task Description hours Rate Amount

5/21 /2018 Candy Chung Cash Management Met with R Calderon (Arecont) and E. 0.50 $450.00 $225.00

Deravanessiau (Arecont) regarding vendor payment

5/21/2018 Candy Chung Cash Management Revie~~ed and approved wire payments 030 $450.00 $135.00

5/2]/20l 8 Candy Cliung Cash Management Follow-up meeting with R. Calderon (Arecont), E. 0.70 $450.00 $315.00

Deravauessian (Arecont), A. Nersessian (Arecont)

regarding vendor payment

5/21/2018 Allen Soong Cash Management Meeting with J. Arendt (Arniory) to analyze 1.60 $550.00 $880.00

inventory open purchase orders and quantities on

land in support of cash management and working

5/2]/2018 Jason. Arendt Cash Management Prepared inventory purchase order detail. 0.50 $225.00 $112.50

5/21 /2018 Jason Arendt Casli Management Trade payable disburse~vents planning for current 0.40 $225.00 $90.00

5/21/2018 Jason Arendt Cash Management Meeting with J. Arendt to analyze inventory open 1.60 $225.00 $360.00

purchase orders and quantities on land in support of

cash management and working capital management

5/2]/2018 Jason Arendt Cash Management Prepared new inventory schedule based on report 0.90 $225.00 $202.50

from A. Galvin (Arecont).

5/21/2018 Candy Chw~g Cash Management Reviewed invoices and an anged payment 0.90 $450.00 $405.00

5/21/2018 Jason Arendt Cash Management Updated rolling farecast to reflect current DI[' Uudget 2.80 $225.00 $630.00

and new reporting requirements.

5/22/2018 Candy Chung Cash Management Reviewed bank activity 0.70 $450.00 $31.5.00

5/22/2018 Allen Soong Cash Management Direct 7. Arendt (Armory) and A. Galvan and E. 1.40 $550.00 $770.00

Faust (Debtor) in analyzing purchasing requirements

and resUltiug cash needs to fulfill production

5/22/2018 Paula Sosamon Cash Management AR collections review with E. Deravauessian 1.80 $325.00 $585.00

(Arecont) to assess past due accounts to call and

5/22/2018 Candy Chung Cash Management Reviewed and approved disbursements 0.40 $450.00 $180.00

5/22/2018 Jason Arendt Cash Management Analysis of Accounts Payable (AP) to update weekly 1.30 $225.00 $292.50

cash report

5/23/2018 Candy Clung Cash Management Met with E. Deravauessian (Arecont), A. Nersessian 1.40 $450.00 $630.00

(Arecont) and ,L Arendt (Armory) regarding

disbursements

5/23/2018 Allen Soong Cash Management Meeting with R. Calt9eron, A. Galvau, E. Faust, G. l .00 $550.00 $550.00

Ponce (Arecont), J. Arendt and C. Chtmg (Armory)

regarding coordination of purchasing from vendors

demanding CIA payment terms

5/23/20] 8 Paula Sosamon Cash Mauageme»t Meeting with T. Smith (Arecont collector') to review ] .50 $325.00 $487.50

urgent collection to past due accounts

5/23/2018 Jason Arendt Cash Management Meeting with E. Deravauessian (Arecont), A. 1.40 $225.00 $315.00

Nersessiau (AraconC) and C. Clung (Armory)

regarding weekly disbursements.

5/24/2018 Candy Chung Cash Management Met with E. lleravanessian (Arecont) regarding AP 0.40 $450.00 $180.00

5/24/20] 8 Candy Clung Cash Management Review and approve wires and cash activity 0.80 $450.00 $360.00

5/24/20] 8 Paiila Sosamon Cash Management Follow up with T. Smith (Arecont) on AR over' 90 ~ 0.50 $325.00 $162.50

aging status

5/24/20] 8 Iason Arendt Cash Management Cash flow variance anaylsis 1.30 $225.00 $292.50

5/25/20] 8 Allen Soong Cas1~ Management Gill with ~~~anagement team regarding CIA 0.80 $SS0.00 $440.00

5/25/2018 Candy Chung Cash Management Review and approve disbursements and sign checks 0.70 $450.00 $315.00

5/25/2018 Candy Ch~n~g Cash Management Me[ with E. Deravaucssian (Arecoi~t) regarding 020 $450.00 $90.00

itrvoices

5/25/2018 Candy Chung Cash Management Reviewed inventory purchase orders and invoices 030 $4~O.OU $135.00

5/25/2018 Paula Sosamon Cash Management Accounts receivable status update meeting for 120 X325.00 $390.00

upcomi~~g week with T. Smith and E. Deravanessian

(Arecont)

5/25/2018 Candy Chung Cash T~~na~emei~t Reviewed and approved payments 0.80 $450.00 $360.00





5/29/2018 Paula Sosamon Cash Management


5/29/2018 Candy Chung Cash Management

5/29/2018 Candy CUung Cash Management






5/30/20] 8 Candy Chung Cash Management

5/30/2018 Allen Soong Cash Management

5/30/2018 Jason Arendt Cash Management





5/3]/2018 Candy Clung CashManagemenC



5/3]/2018 Allen Soong Cash Management




5/15/207 8 Candy Cl~w~g Cas1~ Management

Sub Total: Cash Management

Creditor lnteraction

5/29/2018 Allen Soong Creditor Interaction

5/29/2018 Allen Soong Creditor Interaction

5/14/2018 .Talon Arendt Creditor Interaction

5/]4/2018 Allen Soong Creditor interaction

Meeting regarding accounts receivable past due with

~. Deravai~essian, T. Smith (AreconY)

Continue to develop AR analysis repart

Analyzed cash activity

Met with E. Deravanessian (Arecont) regarding

disbursements and cash flow reporting

Follow up meeting with T. Smith (Arecont) on the

collections of past due accounts.

Reviewed and approved disbursements

Meeting with ~. Deravanessian (Arecont) regarding

Reviewed and approved new disbursements

Reviewed and ~~pproved new disUmsements

Met with E. Deravanessian (Arecont) regarding AP

payments

Reviewing wu es and discussing with C. Chung

Disbursement planning with E. Deravassian

Accounts payaUle analysis to update weekly cash

Analyzed weekly disbtnsements to update pre-

petition disbursement tracker.

Met with F,. Deravanessian (Arecont) regarding new

disbursements

Reviewed and approved disbursements

Analyzed daily cash

Met with J. Arendt (Armory) to discuss update of

cash flow forecast

Met with E. Deravanessian (Arecont) regarding AP

invoices

Reviewing and commenting on wire and checkrun

Discussing Amex credit card account cancellation

and other cash management topics ~~ith ~.

Deravanessian (Arecont)

Meeting with C. Chung (Armory) to assess optimal

daily wire limit, corresponding with East West Bank

regarding same

Review and respond to emails fiom C. Capezuti

(Cortland), T. Shaw (AIG), E. Deravanessian

(Arecont) regarding forms, D7P budget, and other

raise. items

Reviewed and responded to email from C. Newcomb

(Baker Botts) regarding DIP borro~~ings

Reviewing vendor correspondence regarding pre-petition outstanding amounts o~~~cd

Discuss ~~cndor con es~~ondcnce regarding pre-petition

outstanding amounts- owed wiCh E. Deravanessian

(Arecont)

Prepared and issued banl<r~iptcy notice to banks

Directing E. Faust, R Calderon, E. Derava~~essian, A.

Galvan, G. Ponce (Arecont) in responding to

inquiries from vendors and landlord

Hours Rate Arr~ount

1.70 $325.00 $552.50

1.40 $325.00 $455.00

0.40 $450.00 $180.00

0.30 $450.00 $135.00

1.40 $325.00 $455.00

0.50 $450.00 $225.00

1.00 $450.00 $450.00

0.70 $450.00 $315.00

0.50 .$450.00 $225.00

0.50 $450.00 $225.00

0.40 $550.00 $220.00

1.00 $225.00 $225.00

0.70 $225.00 $157.50

0.50 $225.00 $1 ]2.50

0.20 $450.00 $90.00

1.00 $450.00 $450.00

0.10 $450.00 $45.00

1.00 $450.00 $450.00

0.50 $450.00 $225.00

0.20 $550.00 $l ] 0.00

0.40 $550.00 $220.00

0.50 $550.00 $275.00

0.50 $450.00 $225.00

030 $450.00 $135.00

63.40 $23,982.50

0.40 $550.00 $220.00

0.40 $550.00 $220.00

1.00 $225.00 $225.00

0.70 $550.00 $3b5.00

17





May 14, 2018 through May 31, 2018

Date Professional Task Descri}~tiov I-lours Rate Amount

5/14/2018 Jason Arendt Creditor interaction Prepare organizational chart with P. Sosamon for E. 0.60 $225.00 $135.00

Deravassian (AreconT)

5/15/2018 Allen Soong Creditor Interaction Call with M. Litvak and R. Gruber (Pachulslci) v~d 0.60 $550.00 $330.00

D. Buns (Imperial) regarding Asset Purchase

Agreement status in advance of call wiCl~ lender

5/15/2018 Allen Soong Creditor Interaction Address inbound inquiry from equity holder, 0.40 $550.00 $220.00

refer v~g to counsel

5/16/2018 Scott Avila Creditor InCeraetion Call with M Lyons (AIG) regarding APA 0.50 $650.00 $325.00

5/16/2018 Scott Avila Creditor Interaction Call with M. Brillo (Baker Botts) regarding APA 0.30 $650.00 $7 95.00

negotiations

5/17/2018 Candy Chung Creditor interaction Met with A. Soong-and J. Arendt (Amory) regarding 0.50 $450.00 $225.00

weekly memo and other open issues

5/] 7/2018 Jason ArendC Creditor Interaction Prepared memo for weekly lender call 1.30 $225.00 $292.50

5/17/2018 Allen Soong Creditor Interaction Review and comment on weekly lender update memo 0.50 $550.00 $275.00

5/17/2018 Jason Arendt Creditor Interaction Meeting ~~ith A. Soong and C. Chung to review and 0.50 $225.00 $112.50

finalize weekly memo.

5/18/2018 Candy Chung Creditor Interaction Weekly all-hands update call with AIG, /lnkur, 0.70 $450.00 $3]5.00

Baker Botts, Imperial and Pacl~ulski Co review weekly

materials

5/1 S/2018 Jason Arendt Creditor Interaction Update disbursement tracker payments made during 0.70 $225.00 $157.50

the week

5/22/2018 Allen Soong Creditor Interaction Cai] with I. Lee (Ankara) regarding NetPosa 0.30 $550.00 $165.00

litigation and status of cash Clow

5/23/20] 8 Candy Chung Creditor Interaction Participated on call with I. Lee (Ankara), J. Mack 0.50 $450.00 $225.00

(Imperial), D. Bunts (Imperial), E. Gonzalez (AIU),

and A. Soong (Armory) regarding asset sale

5/23/20] 8 Candy Chting Creditor Interaction Met with A. Soong and J. Arendt (Armory) regarding 0.50 $450.00 $225.00

cash forecast and weekly reparting

5/23/2018 Candy Chung Creditor Interaction Reviewed DI[' agreement 030 $450.00 $] 35.00

5/23/20].8 Tason Arendt Creditor Interaction Meeting with A. Soong and C. Clung (Armory) 0.50 $225.00 $I 1 Z.50

regarding to review cash forecast and weekly report

5/24/2018 Allen Soong Creditor Interaction Reviewing and commenting on weekly lender update 0.80 $550.00 $440.00

memo and rolling c~sl~ flow forecast

5/24/2018 Candy Chung Creditor Interaction Review and revise cash slow forecast and weekly 1.50 $450.00 $675.00

report

5/24/2018 Jason Arendt Creditor Interaction Prepared memo Ior weekly lender call 1.70 $225.00 $382.50

5/25/2018 Allen Soong Creditor Interaction Correspondence with M. Litvak, J. Fried, R. Gruber 0.70 $550.00 $385.00

(Pachlilski) and D. Burns (Imperial) regarding

marketing process and UST meetings

5/25/2018 Allen Soong Creditor Interaction Weekly all-]ands update call with (multiple 0.60 $550.00 $330.00

attenedees) AIG, Ankara, Baker Botts, Imperial,

Pachulski, and team regarding sales process and cash

5/25/20] 8 Candy Chung Geditor Interaction Weeldy all-hands update call ~~~ith (multiple Q60 $450.00 $270.00

attenedees) AIG, Ankara, Baker Botts, Imperial,

Pachulski, cud team regarding sales process and cash

5/30/2078 Candy Chang Creditorin[eraction Revie~~~ed and responded to email from C. Capezuti 0.30 $450.00 $735.00

(Cortland) regarding DiP deliverables

5/31 /201 K Candy Chung G editor Interaction Reviewed ~~eekly memo and cash flow forecast 0.70 $450.00 $ ~ 15.00

5/31/2018 Allen Soong Creditor Interaction Revie~~ir~~ and commenting on weekly lender update 120 $SS000 $660.00

memo

5/31/2018 .iason Arendt Creditor ]nteraction Prepamd memo for weekly lender call 1.90 $225.00 $427.50

5/24/2018 Allen Soo»g Creditor Interaction Call ~~vitl~ (miiltiple attendees) A(G, Baker Botts, 0.60 $550.00 $330.00

Tuiperial, Pachulski regarding NetPosa litigation





5/30/2018 Allen Soong Creditorinteraction

Sub Total: Creditor biteraction

First Dav Motions5/]4/2018 Paula Sosarnon First Day Motions

5/15/2018 Scott Avila PirstDayMotions5/22/2018 Scott Avila First Day Motions

5/]4/20]8 Allen Soong l~irstDayMotions

5/14/2018 Caudy Chung First Day Motions5/] 5/2018 Candy Chung Fist Day Motions

5/l 5/2018 Candy Chung First Day Motions

5/I S/2018 Candy Chung Pirst Day Motions5/15/2018 Candy Chung First Day Motions

5/] 5/2018 Allen Soong First Day Motions

5/15/2018 Allen Soong First Day Motions5/]5/2018 Alleu Soong FiistDayMotions

5/] 5/2018 Allen Soong First Day Motions5/15/2018 Candy C3mng Fist Day Motions5/l5/20l 8 Candy Chung First Day Motions

5/15/20l 8 Paula Sosamon First Day Motions

5/16/2018 Pula Sosamon First Day Motions

5/7 6/2018 Paula Sosamon First Day Motions


Correspondence ~~~ith (nmltiple email addresses) AIU, 0.50 $550.00 $275.00Ankara, Baker Botts, Imperial, cou»sel, a~~d teamregarding NetAosa litigation status update and relaCedbudget

2230 $9,120.00

Review documents released as it pertains to BK fling(first day motions, press release, vendor letters,employee FAQ)

Preparation for 1st day hearingReview emails from J. Pried (Pachulski) regardingPillowtex analysis

Assist M. Litvalc, J. Fried, J. O'Neill, C. Robinson(Pachulski) with preparations for fist-day Bearing

Call with 7. Fried (Pacl~ulski) regarding first dayReviewed and responded to cmails fi~om E.Deravanessian (Arecont) and J. tried (Pachulski)regarding motions

Call with J. Fried (Pacbulski), P. Sosamon (Armory),and E. Deravanessian (Arecont) regarding tJSTcomments

Telephonic appearance at first day hearing

Met with E. Deravanessian (Arecont) regarding

personnel matters

Call with J. Fried (Pacl~niski) regarding l st day

bearing and cash management

Prepare for telephonic appearance at 1st day hearing

Assisting J. O'Neill and C. Robinson (Pachulski)

counsel with responses to UST comme»ts on 1st day

Telephonic appearance at 1st day bearing

Reviewed fast day motions

Call with J. Fried (Pachulski) regarding wage motion;

followed-up with ~. Deravanessian regarding same

Call ~~ith 7. Pried (Paehulski), C. Chung (Armory),

and F,. Deravanessian (Arecont) regarding US7'

Email exchange with R. Calderon, E. lleravanessian

(Arecont) and J. Fried (Pachulski) reg~rdiug

international representative

Meeting with R. Calderon (flrecont COO) and E.

Deravanessiau (Arecont CP'O) as iY pettaius to new

inten~ational representative tl~aC leas surfaced

0.80 $325.00 $260.00

Sub "Iota]: First Day Motions

Monthly Operating Reporting

5/2l /2018 Paula Sosainon Monthly O~eratiog Reporting Review of needed docwneutatiou for initial Operating

Report (IOR)

5/21/2018 i'aula Sosamon Monthly Operating Reporting Gathernceded lOR docmnentation and contacting

parries of interest to provide information for

5/22/2018 Paula Sos~mon Monthly Operating Reporting l~~ilial Operating Report (IOR) call with C. Robii~so»

(Pachulski), A. Soong <jnd C. Chiuig (Armory) and ~.

UeI"8VaI7CSS1~lI7 ~~.1' n /~it7COIl I~.

I.50 $650.00 $975.000.60 $650.00 $390.00

1.30 $550.00 $715.00

0.20 $450.00 $90.000.50 $450.00 $225.00

0.40 $325.00 $]30.00

1.50 $325.00 $487.50

0.50 $325.00 $1(2.50

0.50 $450.00 $225.00

IlJ

1.00 $450.00 $450.000.70 $450.00 $315.00

030 $550.00 $165.00

0.40 $550.00 $220.001.10 $550.00 $605.00

0.90 $550.00 $495.00020 $450.00 $90.00030 $450.00 $135.00

0.50 $325.00 $162.50

020 $325.00 $(5.00

0.20 $325.00 $65.00

1.20 $5,647.50




Date Professional 'task Description Hours Rate Amount

5/22/2018 7ason Arendt Monthly Operating Reporting Call with C. Chung, P. Sosamon and A. Soong 0.50 ; 225.00 $] 12.50(Armory) regarding Initial OperaCing Report (lOR)and Monthly Operating ReporC (MOR)

5/22/207 8 Paula Sosamon Monthly Operating Reporting Continue analysis of ~IOR professional retainer 0.80 $325.00 $260.005/22/2018 Paula Sosamon Monthly Operating Reporting Ret~ii~er email communication with J. Pried 030 $325.00 $97.50

(Pael~ulski) regarding li~itial Operating Report5/22/2018 Pula Sosamon Monthly Operating Reporting Continue reviewing with '1'. Smith (Arecont collector) 0.90 $325.00 $292.50

on past due accounts and assessing neat steps for all60+ days old aging amounts

5/22/20] 8 Paula Sosa~non Montlily Operating Reporting Continue to gather infonvation needed for tl~e initial 1.10 $325.00 $357.50operating report certificate of insurance.

5/22/2018 Palila Sosamon Monthly Operating Reporting Continue compiling and organizing IOR information ] .50 $325.00 $487.505/24/207 8 Paula Sosamon MonCh]y Operating Reporting Continue to gather information needed and 1.40 $325.00 $455.00

populating information on the initial operating report5/24/2018 Paula Sosamon Monthly Operating Reportn~g Review information gathered for the initial operating 0.60 $325.00 $195.00

report (IOR)5/25/2018 Paula Sosamon Monthly Operating Reporting Review of the initial operating report (IOR) 0.60 $325.00 $195.005/29/2018 Paula Sosamon Monthly Operating Reporting Conference call with James Neil (Pac}~ulski) and C. 0.40 $325.00 $130.00

Chung (Armory) regarding IOR review5/29/2018 Paula Sosamon Monthly Operating Reporting Pinal review of the initial operating report (IOR) 1.80 $325.00 $585.005/29/2018 Candy Chung Monthly Operating Reporting Gathered information for Initial Operating Report 030 $450.00 $135.00

Sub Total: Monthly Operating Reporting 12.60 $4,082.50

Non Workin6 Travel5/14/2018 Paula Sosamon Non Workv~g Travel Travel from DPW to LE1X - To work from Arecont's 6.00 $162.50 $975.00

Office5/15/20] 8 Scott Avila Non Working Travel Travel from NYC to Delaware (to attend first day 3.00 $325.00 $975.00

hearing)5/l5/2018 Scott Avila Non Working Travel Travel from Delaware to Salt Lake City (return fiom 10.00 $325.00 $3,250.00

Frst day hearing5/17/20] 8 Paula Sosamon Non Working "Travel Continue to pull information needed to completed 6.00 $162.50 $975.00

asset purchase agreement schedule I.1(b) Contracts5/21/20] 8 Paula Sosamon Non Working Travel Travel from DFW to LAX - To work from Arecont's 6.00 $162.50 $975.00

Office5/24/2018 Allen Soong Non Working Travel Travel from LA to Dela~~+are for IDI and fonuation 9.00 $275.00 $2,475.00

meeting5/25/2018 Allen Soong Nou Waking Travel Travel fran Delaware Yo LA after IDI auci formation 9.00 $275.00 $2,475.00

u~eeti»g5/25/20] 8 Paula Sosamon Non Working Travel Travel from LAX Co DFW -retain home from client's 6.00 $162.50 $975.00

(Arecont) office5/25/2018 Jason Arendt Non Working Travel Return Crip from Glendale, C'A to Chicago, IL for 6.50 $] ]2.50 $73125

onsite client work

5/29/2018 Paula Sosamon Non Wor]<i~ig Travel Travel from DFW ro LAX - "to work from Arecout's 6.00 $162.50 $975.00Office

5/29/207 8 Jason Arendt Non Working Travel "Travel fiom Chicago, IL to Glendale, CA for onsite 6.~0 $l 12.50 $737 25client work.

5/31/2018 Paula Sosamon Non Working ̀Travel Travel from I..AX to DFW -return home from client's 6.00 $162.50 $975.00(/lreconl) office

Sub'fotal: Non WorlcingTravel 80.00 ~,J6.487.50

Prep of P'ee Applications5/23/2018 Carla Cooper Prep of Pee Applications Call with A. Soong regarding post-petition statement, 0.60 $250.00 X150.00

revise statement per his instructions

20





5/24/2018 Carla Cooper Prep of Fee Applications5/24/2018 Carla Cooper Prep ofFee Applications

5/24/20]8 Carla Cooper FrepofFeeApplications

5/26/20] 8 Allen Soong Prep of Pee Applications5/29/2018 Allen Soong Prep of Fee Applications

Sub Tbtal: Prep of Fee Applications

Schedules-SOFA5/22/2018 7ason Arendt Schedules-SOFA

5/22/2018 Candy Chung Schedules-SOFA

5/22/2018 Allen Soong Schedules-SOFA

5/22/2018 Paula Sosamon Schediiles-SOFA

5/24/2018 Paula Sosamon Schedules-SOPA

5/24/2018 Patila Sosamon Schedules-SOFA


5/30/2018 Paula Sosamon Schedules-SOFA




5/30/201 b Candy Clung Schedules-SOFA

5/SO/2018 Patila Sosamou Schedules-SOFA

5/30/2U] 8 Paula Sosamon Schedules-SOFA

5/30/201 b Paula Sosamon Schedules-SODA

5/30/2018 Paula 5os~imonSchedules-SOFA



Draft montlily staffing report for May 2.00 $250.00 $500.00Draft Quarterly compensation report statement for 2.50 $250.00 $625.00May through July.

Begin review of time and expense detail in 1.00 $250.00 $250.00preparation of May fee statementRecording time and expenses for the week 1.50 $550.00 $825.00Correspondence with J. Fried and .l. O'Neill 0.40 $550.00 $220.00(Pachulski) regarding professional fee billingprocedures

8.00 $2,570.00

Meeting with C. Chung, P. Sosamon (Annoy), and 1.30 $225.00 $292.50E. Deravanessian (Arecont) to review sofas andschedules.

Met with E. Deravanessian (Arecont), P. Sosatnan, 1.30 $450.00 $585.00and J. Arendt regarding schedules and SOFASDiscuss production of Statements of Financial Affairs 0.40 $550.00 $220.00(SOFAS) and Schedules of Assets and Liabilities(SOALs) with J. Arendt, C. Clmi~g and P. Sosamon(Armory)

Initial meeting with E. Deravanessian (Arecont) and ].20 $325.00 $390.00C. Chung (Armor) regarding Schedules and SOFA'SContinue to gather and organize tl~e collections of I.20 $325.00 $390.00information needed for submission on Schedules andSOFA

Continue to work with E. Deravanessian (Arecont 0.90 $325.00 $292.50CFO) on Schedules and SOFA

Meeting with E. Deravanessian (Arecont CIO) to 1.10 $325.00 $357.50review and gather information needed for schedule B -Personal Property

Meeting with E. Deravanessian (Arecont CFO) on 0.80 $325.00 $260.00scl~eeiule C -Property Clauned as Exempt -reviewand gather information missing

Meeting with F. Deravanessian (Arecont CFO) on ] .40 $325.00 $455.00schedule D -Creditors holding secured claims -review and gather missing information.

Meeting with ~. Deravanessiau (Arecont CPO) on Q(0 $325.00 $195.00schedule D- Unsecwed claims to review and gathermissing infonnafion

Reviewing with L. Deravanessian (nrecont CFO) 1.30 $325.00 $422.50information needed for schedules Ci-J

Met with I'. Sosaman (Armory) regarding schedules 020 $45Q00 $90.00and SOFA

Continue to piill missing info~nraiton fa- Schedule L - 0.90 $325.00 $292.50Creditors Tlolding Unsecured Priority ClaimsContinue to pull missing information for schedtiile P - 1.80 $325.00 $585.00Creditors Holding Unsecttrect Nonpriority ClaimsContinue to pull missing information for schedule L - 0.90 $325.00 $292.50unsecured priority claims

Continue to pull missing information 'For schedule I3 - 1.SO $325.00 $42250Personal propertyMeeting with L. Stephanianv (Arecont HR) on 1.00 $325.00 $325.00information needed tiom payroll to complete

21





May 14, 2018 through May 31, 2018


5/30/20]8 Paula Sosau~on Sc}~edules-SOFA

5/30/20]8 Candy Clung Schedules-SOFA



5/31/2018 Paula 3osamon Schedules-SOFA


5/31/2018 Paiila Sosamoi~ Schedules-SOFA

Sub Total Schedules-SOFA

US Trustee Reporting

5/16/2018 Paula Sosamon US Trustee Reporting

5/16/2018 Paula Sosamon US Trustee Keporting

5/16/2018 Paula Sosamon US TrusteeRepor[ing

5/16/2018 Paula Sosamon US "Trustee Reporting

5/l 8/2018 ScotC Avila US Trustee Reporting

5/29/20] 8 Scott Avila US Trustee Reporting

5/]4/2018 Allen Soong USTrustecReparting

5/l4/2018 /~ien Soong US 7'rusteeReportiug

5/74/2018 Candy Ching

5/]6/2018 Allen Soong

5/]7/20]8 Allen Soong

x/2]/2018 Allen Soong

US 'trustee Reporting

US Trus[ee Reporting

US Trustee Reporting

US Trustee ReE~orting

5/22/20] 8 Candy Chung US "1'ri~stee Reporting

Descriytion Hours i2ate

Meeting with A. Nersessian (Arecont Staff 120 $325.00

Accotmtant) on missing addresses and accotmt

number for schedule F

Researched and drafted global notes 0.20 $450.00

Continue to work with E. Deravanessian (Arecont 1.70 $325.00

CFO) on pulling togel~tcr tl~e information need for the

Schedules ~, P and G

Gather information needed to complete form 426 for 0.90 $325.00

the UST

Continue to work with A. Nersessiau (Arecont Staff 0.80 $325.00

AccounC) ou addresses and account numbers missing

for schedule F

Status update meeting with ~. Stepl~anian (Arecont 030 $325.00

HR) on wage and paid time off (PTO) information

needed for scl~edutc E

Reviewing and validating all companies and 1.70 $325.00

individuals on schedule F for proper classification

and description

Amount

$390.00

$90.00

$552.50

$292.50

$260.00

$97.50

$552.50

24.40

Meeting with E. Deravanessian (Arecont CFO) Co

review and gather information needed for initial

Debtar interview letter

Continue to meet wiUi E. Deravanessian (CFO

AreconY) Yo pull information needed to complete

Initial Debtor Interview

Review and consolidate all n~fonnation received

(payroll register, tax, audited/unaudited financials,

organizational chat, chart of accounts, baiilc

accounts, general ledger and inCercompany activities)

for Initial Debtor Interview Letter

Search for missing information with various parties

for Initial Debtor L~terview Le[Cer

Review communications from J. O'Neil (Pacl~ulski)

regarding dates for IDI and 341

Call ~~itli A. Soong (Armory) regarding follow up

with IDI and other case issues

Direct response to Initial Debtar Interview (IDl)

n~Yormation request and completion oY Initial

Operating Report (IOR)

Formulating and executing measures to address

employee privacy issue with regard to creditor matrix

with R. Calderon (Arecont) a~~d J. Fried (Pacl~ulslci)

Reviewed back letters

Correspondence with counsel regarding Initial Debtor

Interview a~~d formation meeting

Correspondence with J. O'Neill and C. Robinson

(Pachulski) regarding IDI and formation meeting

Correspondence with C. Robinson (Pachulsl<i)

regarding initial debtor inte~vie~a~ and formation

meeting in Delaware 5/25/18; beginning preparations

Met ~~itl~ E. Deravauessian (Arecont) regarding initial

operating, report

$8,102.50

0.80 $325.00 $260.00

].90 $325.00 $617.50

120 $325.00 ,$390.00

0.60 $325.00 $195.00

030 $650.00 $]95.00

0.60 $650.00 $390.00

030 $550.00 y~165.00

0.60 $550.00 $330.00

030 $450.00 $135.00

0.30 $550.00 $165.00

0.30 $550.00 $165.00

1.90 $50.00 $L045.00

OSO $h50.00 $225.00

~~a



Time Detail Report for the- periodMay 14, 2018 through May 31, 2018


5/22/20] 8 Candy Chung US Trustee Reporting Followed-up with E. Deravanessian (Arecont) 0.40 $450.00 $] 80.00regarding insurance policies

5/22/2018 Candy Chung US Trustee Reporting Participated on call ~~itl~ C. Robinson (I'achulski), A. 0.50 $450.00 $225.00Soong, P. Sosaman, J. Arendt (Armory) ai d E.Deravanessian (Arecont) regarding bankruptcyreporting

5/22/2018 Candy Chung US "trustee Reporting Met with P. Sosaman (Arnioq+) regarding banln-uptcy 0.20 $450.00 $90.00reparting

5/22/2018 Allen Soong LJS Trustee Reporting Direct and review team efforts to prepare materials 1.90 $550.00 $1,045.00required for IOR and IDI, including call witU C.Robinson (Pacl~ulski) regarding same

5/22/2018 Allen Soong US TrusCee Reparting Continued review ofmaterials in preparation for IDI 1.I0 $550.00 $605.00and Formation meeting in Delaware 5/25/l A

5/22/2018 Allen Soong US Trustee Reporting Call wiYl~ P. Richter (Armory) regarding IDI 0.40 $550.00 $220.00preparaCion and status of marketing process

5/22/2018 Candy Chung US Trustee Reporting Gathered info for initial operating report 0.60 $450.00 $270.005/22/2018 Candy Chting US Trustee Reporting Met with A. Soong (Armory) regarding bankruptcy 0.10 $450.00 $45.00

reporting5/22/20] 8 Paiila Sosamon US Trustee Reporting Met with C. Chung (Amory) regarding bankruptcy 020 $325.00 $65.00

reporting5/22/2018 Peter Richter US Trustee Reporting Call with A. Soong (Armory) regarding IDI 0.40 $550.00 $22Q00

preparation and status ofmarketing process5/23/20] 8 Candy Chung L7S Trustee Reparting Followed-up regarding insurance, invoices, and other 0.50 $450.00 $225.00

open issues5/23/2018 Allen Soong tIS Trustee Reporting Review data for IOR regarding }professional fees and 0.40 $550.00 $220.00

retainers

5/23/2018 Allen Soong US Trustee Reporting Call with J. Fried (Pacl~ulski), P. Sosamon, C. Chung 0.60 $550.00 $330.00

and J. Arendt (Armory) regarding IDI preparation,

IO.R, and MOR (Monthly Operating Report)

5/24/2018 Allen Soong US Tnistee Reporting Review data provided to UST and first day motions 4.50 $550.00 $2,475.00in preparation for IDI and formation meetiug

5/25/2018 Allen Soong IJS Trustee Reporting Meeting with counsel to prepared for IDI and 0.90 $550.00 $495.00formation meeting

5/25/2018 Alle~i Soong US Trustee Keportin~ Visit to UST office for 1DI and formatio~~ meeting ] 30 $550.00 $715.005/25/20] 8 Allen Soong US Trustee Reporting Direct responses to UST follow-up questions from 0.30 $550.00 $165.00

5/25/2018 Candy Clung US Trustee Reporting Met with D. Cooper (Arecont) regarding consumer 020 $450.00 $90.005/25/2018 Candy Chung US Tnistee Reporting Reviewed Uank statements 020 $450.00 $90.005/25/2018 Candy Chung US Trustee Reporting Met with ~. Deravanessian (/lrecont) regarding bank 0.1 U $450.00 $45.00

stateu~en[s and other open ite~i~s

5/29/20] 8 Allen Soong US Trustee Reporting MeeCing with P. Sosamon to discuss 1032, ID7, and 020 $550.00 $110.00formation

5/29/2018 Alle~~ Soong US Trustee Reparting Discuss April and May results and accou~~ting 030 X550.00 $165.00

treatme~~t of price adjustment for reporting purposes

with E. Deravanessian (Arecont CFO) end C. Chung

5/29/2018 Paula Sosamon US Trustee Reporting Review IOR cash flow projection for submissia~ 1.20 $325.00 $390.005/29/20] 8 Paula Sosamon US 7~~ustee Reporting Consolidate lOR retainer payments to professional 1.30 $325.00 $422.505/29/2018 Paula Sosamon US Tn~stee Reporting Follow up on IOR certificates of insurace missing for 0.80 $325A0 $260.00

submission

5/29/2018 Candy Chung US Tnistee Reporting Met with A. Soong (Armory) regarding UST 0.40 $450.00 $180.00

interview and reporting

5/29/20] 8 Candy Clung US Trustee Reporting Participated on call with P. Sosamai~ (Aru~ory) and J. 0.50 $450.00 $225.00

O'Neill (Nachiilsl<i) reg~~rding Initial Operating Report

23




Date Professional Task Description FIonrs Rate Amount

5/29/2018 Allen Soong US 'Trustee Reporting Correspondence with J. O'Neill (Pacl~ulski) regarding 0.30 $550.00 $] 65.00request from US1' for Form 426; discussing samewith team

5/29/2018 Allen Soong US 7'nistee Reparting Discuss additional follow-np request from UST 020 $550.00 $110.00regarding conversion checklist ~~ith P. Sosamon andJ. Arendt (Armory)

5/29/2018 Candy Chung US Trustee Reporting Reviewed initial operating report 0.20 $450.00 $90.00Sub "Total: US Trustee Reporting 29.80 $14,210.00

Total tees: 542.10 $208,555.00

24




Expense Detail Report for the Period

May 14, 2018 through May31, 2018

Date Professional Category Description

Airfare

5/14/2018 Paula Sosamon Airfare

5/] 7/2018 Paula Sosamor~ Airfare

5/2]/2018 Paula Sosamov Airfare




5/15/2018 Scott Avila Airfare

5/7 6/2018 Allen Soong Airfare

5/23/2018 Allen Soong


Airfare

Airfare

One-way coach class airfare from DFW to LAX

One-way coach class airfare from LAX to DFW

One-way coach class airfare fi-om DFW to LAX

One-way coach class airfare LAX to DDW

One-way coach class airfare to LAX

One-way coach class airfare LAX to DFW

One-way coach class airfare from SLC to LAX

Round-trip economy airfare to Delaware for initial debtor

interview

Round-t~•ip economy airfare to Delaware for 341 meeting;

additional for schedule change

Airfare to Delaware for 341 meeting; change fee due to schedule

change

Sub Total: Airfare

Ground Transportation

5/14/2018 Paula Sosamon

5/14/2018 .Paula Sosamon




5/]7/2018 Pau]a Sosamon




5/21 /2018 Paula Sosamon











5/14/2018 Scott Avila

5/24/2018 h1]]en Soong







Ground "TransporCation


Ground 1'3•aysportation

Grow~d TransportaCion



GroLmd 'Transportation



Ground "Transportation

Ground TransporCation


Ground 'Transportation

Grow~d Transportation



Ground Trans}~oi~tation



Ground Tra~~sportation

Lyft fi•oin home Co DFW Airport

L}'ft from LAX to Office

Lyft rrom office to hotel

Lyft from office to LAX

Lyft from hotel to office

Lyft from DFW Airport to I-Iome

Lyft fi`om Home to DFW Airport

LyfC from Home Yo DFW Airport

Lyft fi•oin Lax to ott3ce

Lyft fi•om Office to hotel

Lyft from Office to airport

Lyft -hotel to office

Mileage from Dl~ W airport to home

Lyft from Home to airport

Lyft from I,AX to oft7ce

I,yft from office to hotel


Lyft from office to airport

Mileage From DFW to Home


Train fare from NYC to Delaware

Taxi to I,AX from home for travel to Delaware for initial debtor

interview

Taxi from PIlL to Hotel DuPont in Delaware for initial debtor

interview

Taxi fi~orn LAX to Dome upon return from Delaware for initial

debtor interview

Sub 'Total: Ground "Transportation

Internet

~/1 G/2018 Scott Avila Internet Internet service on ~l~ne retuning ti~om Delaware

5/Z4/20] 8 Allen Soong Internet Internet service while inflight

Sub Total: Internet

Amnnnt

$503.20

$503.20

$503.20

$503.20

$503.20

$503.20

$499.30

$608.75

$643.82

$23.37

$4,794.44

$49.63

$53.01

$8.25

$55.25

$7.80

$50.49

$47.70

$47.70

$45.20

$7.80

$52.30

$7.80

$17.44

$47.50

$43.48

$7.80

$7.28

$57.22

$ 17.99

$7.45

$194.00

$98.18

$76.59

$86.3

$ 1.094.25

$16.00

$12.00

$Zx.00




Expense Detail Report for the Period

May 14, 2018 through May31, 2018

Date Professional Category Description Amount

L~U 6~n~

5/] 7/2018 Paula Sosamon Lodging Hotel fi•orn Mayday - Thw~sday $7l x.99

5/25/2018 Paula Sosamon Lodging Hotel stay for 4 nights 5/21 -x/24 $],034.56

5/31 /2018 Pattla Sosamon Lodging hotel f'or the week $349.94

5/16/2018 Scott Avila Lodging Hotel in NYC $673.19

5/24/2018 Allen Soong I.,odgii~g Hotel in Delaware, one night for initial debtor iuCei•view $340.90

Sub Total: Lodging $3,114.58

Meals

5/14/2018 Paula Sosai7lon Meals Lunch while traveling for client purposes $16.10

5/]4/2018 Paula Sosamon Meals Coffee at airport while traveling for client ptu~poses $6.13

5/15/2018 Paula Sosamon Meals Breakfast while traveling for client purposes $4.50

5/7 5/2018 Paula Sosamon Meals Lunch while traveling for client purposes $18.07

5/] 5/2018 Paula Sosamon Meals Dinner while traveling for client purposes $31.75

5/16/2018 Paula Sosamon Meals Lunch while traveling for client pwposes $18.07

5/]6/2018 Paula Sosamon Meals Dinner while traveling for client purposes $18.63

5/17/2018 Paula Sosamon Meals Lunch at airport while traveling for client purposes $28.31

5/21/2018 Paula Sosamon Meals Lunch while traveling for client purposes $21.57

5/21/2018 Paula Sosa~non Meals Breakfast at airport while h•aveling for client pwposes $8.25


5/22/2018 Paula Sosamon Meals Lunch while traveling for client pm•poses $18.07

5/22/2018 Paula Sosarnon Meals Dinner while traveling for clienC purposes $38.14


5/23/2018 Paula Sosamon Meais Lunch ~~hile traveling for client pm•poses $18.07

5/23/20] 8 Paula Sosamon Meals Dinner ~~hile h•aveling for' client purposes $4.50

5/24/2018 Paula Sosamor~ Meals Lttncl~ while U~aveling for client purposes $22.72

5/25/2018 Paula Sosamon Meals Llmch while traveling for client purposes $2l .65

5/25/2018 Paula Sos~mon Meals Breakfast pw-chased in airplane while traveling for c]ient $8.99pw~poses

5/29/2018 Paula Sosamon Meals Coffee at airport while traveling for elient~ purposes $6.13

5/29/207 8 Paula Sosamon Meals Lunch while U~aveling for client purposes $19.66

5/29/2018 Paula Sosamon Meals Dinner while traveling for client purposes $62.44

5/30/2018 Paula Sosauton Meals Lunc}~ ~~vhile traveling for client pm•poses $ll.39

5/30/20] 8 Paula Sosamon Meals Dim~er while tr~veliug for client pw~poses $48.20

5/3]/20] 8 Paula Sosamon Meals Breakfast while traveling for client purposes $4.50

5/3 ] /2018 Paula Sosamon Meals Lunel~ for Jason, Candy and Paula while traveling for client $46.54

pwposes

5/] 5/2018 Scott Avila Meals Lunch while traveling from Dela~~~are to Salt Lake (retw•n ~fi•om $14.37

first day hearing)

5/15/20] 8 Scott Avila Meals Breakfast ~~~hile traveling fo Delaware for firs day l~ear•ing $14.00

5/16/20] 8 Scott Avila Meals Lunch ~~~hile traveling to Delaware for first day hearing $] 198

5/24/2018 Allen Soong Meals Breakfast ~~hile traveling for client pm~poses $6.00

5/24/2018 nllen Soong Meals Dinner ~n~hile traveli~~g for client purposes $] 3.99

5/24/2018 Allen Soong Meals L~inch ~~~hile traveling for client pm~poses $8.50

5/2/2018 Allen Soong Meals Breakfast while U-aveling for client pw~poses $7.98

5/25/2078 Allen Soong Meals LunchwfiileU~aveling'torclicntp~irposes $12.03

5/2 /2018 nllei~ Soong Meals - Dinner ~~-bile traveling for client purposes $] 7.83

5/28/2018 Allen Soong Meals Lunch while traveling for client pm~poses $8.99

Sub "total: Meals $627.61

Total I,xpenses :5Y,65tS.2S2f

2


IN THE UNITED STATES BANKRUPTCY COURTFOR 'I'I-~E DISTRIC'~' OF D~ELAWA~3E

In re: Chapter 11

ARECONT VISION HOLDINGS, LLC, et al.,' Case No. 18-11142 (CSS)(Jointly Administered)

Debtors.

CERTIFICATE OF SERVICE

I, James E. O'Neill, hereby certify that on the 25th day of June, 2018, I caused a

copy of the following documents) to be served on the individuals on the attached service lists)

in the manner indicated:

Notice of Filing of Mo»thly Staffing Report by Armory Strategic Partners,

LLC for Compensation darned and Expenses Incurred foi• the Period of

May 14, 2018 through May 31, 2018

Monthly Staffing Report b3~ Armory Strategic Partners, LLC forCompensation Earned and Expenses Incurred for the Period of May 14, 2018

through May 31, 2018

/s/James E. O'NeillJames E. O'Neill (Bar No. 4042)

' The Debtors and the last four digits of their U.S, tax identification number are Arecont Vision Holdings, LLC

(9187), Arecont Vision, LLC (1410), and Arecont Vision IC DISC (5376). The Debtors' noticing address in these

chapter 11 cases is 425 Colorado Street, Suite 700, Glendale, CA 91205.

DOCS Dr213834.12 05436/001


Arecont —Service List re Fee AppCase No. 18-11142 (CSS)Document No. 21999802 —Hand Delivery02 —First Class Mail

Hind Delivery(United States Trustee)Benjamin Hackman, Esq.Office of the United States TrusteeJ. Caleb Boggs Federal Building844 King Street, Suite 2207Lockbox 35Wilmington, DE 19801

Hand Delivery(Counsel to AIG)Robert J. Dehney, Esq.Matthew B. Harvey, Esq.Morris, Nichols, Arsht & Tunnell LLP1201 N. Market Street, 16th FloorWilmington, DE 19801

First Class Mail(Counsel to AIG)Emanuel C. Grillo, Esq.Luke Weedon, Esq.Christopher Newcomb, Esq.Baker Botts, L.L.P.30 Rockefeller PlazaNew York, NY 10112

First Class li~Iail(Debtor)Arecont Vision Holdings, LLCAttn: Scott Avila, CRO425 Colorado Street, Suite 700Glendale, CA 91205

DOCS DE219998.1 05062/002


case 18-11142-css doc 151 filed 06/25/18 page 1 of 3working capital 5/14/2018 peter richter asset...

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