West End Financial Advisors LLC and Joshua Rizack

1:11-bk-11152Nysb3 de jul. de 2012

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UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
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In re: 	:
: 	Chapter 11
WEST END FINANCIAL ADVISORS, 	: 	Case No.: 11-11152 (SMB)
LLC, et. al., 	: 	(Substantively Consolidated)
:
Debtors. 	:
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MEMORANDUM DECISION AWARDING FINAL
FEES AND REIMBURSEMENT OF EXPENSES
A P P E A R A N C E S:
ROBINSON BROG LEINWAND GREENE
GENOVESE & GLUCK P.C.
Attorneys for Debtors
875 Third Avenue, 9th Floor
New York, New York 10022
A. Mitchell Greene, Esq.
Of Counsel
ARENT FOX LLP
Attorneys for Mark S. Radke
1050 Connecticut Avenue, N.W. Suite 500
Washington, D.C. 20036
Peter V. B. Unger, Esq.
Mark S. Radke, Esq.
Of Counsel
KLESTADT & WINTERS, LLP
Attorneys for Official Committee of Unsecured
Creditors
570 Seventh Avenue, 17th Floor
New York, New York 10018
Tracy L. Klestadt, Esq.
Fred Stevens, Esq.
Joseph C. Corneau, Esq.
Of Counsel
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TRACY HOPE DAVIS
United States Trustee
33 Whitehall Street, 21st Floor
New York, New York 10004
Brian Masumoto, Esq.
Of Counsel
U.S. SECURITIES AND EXCHANGE
COMMISSION
3 World Financial Center
New York, NY 10281
Alistaire Bambach, Esq.
Neal Jacobson, Esq.
Of Counsel
STUART M. BERNSTEIN
United States Bankruptcy Judge:
The matter before the Court concerns the remaining objections to two of the several final
fee applications filed in these confirmed cases. The debtors’ attorneys, Robinson Brog
Leinwand Greene Genovese & Gluck P.C. (“Robinson Brog”), seek final fees and expenses in
the amounts of $2,151,281.50 and $43,968.39, respectively. Arent Fox LLP (“Arent Fox”), the
attorneys for Mark S. Radke, Esq. the Independent Monitor (“Monitor”) appointed by the
District Court, originally sought an award of pre-petition fees and expenses in the amounts of
$32,792.84 and $8,004.06, respectively, and an award of post-petition fees and expenses in the
amounts of $283,941.06 and $20,249.19, respectively.
The debtors and the Official Committee of Unsecured Creditors (the “Committee”)
objected to Arent Fox’s application, and the United States Trustee and the Securities &
Exchange Commission (“SEC”) objected to Robinson Brog’s application. Having considered
these objections and conducted my own review of the parties’ applications, I conclude that
Robinson Brog is entitled to a final award of fees and expenses, respectively, in the amounts of
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$1,926,074.42 and $43,968.39. Arent Fox is entitled to a final award of fees and expenses,
respectively, in the amounts of $173,953.65 and $17,121.35.
BACKGROUND
This has been a contentious case involving many disputes, but the following discussion is
limited to what is necessary to understand the disposition of the pending fee applications. In
2000, William Landberg formed West End Financial Advisors, LLC as an investment and
financial management company, and eventually established forty-two limited partnership funds
as investment vehicles. Landberg provided advice to investors and induced them to invest in
these funds. It appears that Landberg operated these entities to some extent as a Ponzi scheme
although they did make many legitimate investments, and he was eventually replaced as Chief
Executive Officer by Ray Heslin in June 2009.
On January 20, 2011, the SEC commenced an action in the United States District Court
for the Southern District of New York (the “District Court Action”) against three affiliated
investment firms and four of West End’s former or current senior officers, including Landberg.
(See Securities and Exchange Commission v. Landberg, 11 CV 00404 (PKC) (S.D.N.Y. 2011).)
The SEC sought various forms of relief, including an injunction preventing the defendants from
associating with any securities brokers, alleging fraud, misuse of client assets and other securities
laws violations.
On or about February 10, 2011, District Judge P. Kevin Castel appointed Radke, a partner
in Arent Fox, as Monitor of West End Financial Advisors LLC, West End Capital Management
LLC, and Sentinel Investment Management Corporation (collectively defined in the District
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Court’s order as the “Company”). (Amended Stipulation & Order, dated Feb. 10, 2011
(“ASO”).) Paragraph 2 of the ASO imposed the following duties on Radke:
a. 	to review and approve the design of a liquidating plan to distribute the Company’s
assets if the Company becomes a debtor under the Bankruptcy Code (in which
case the Company will apply to the Bankruptcy Court for the continuation of
Radke as Monitor);
b. 	to review all fees, expenses and transactions engaged in or incurred by the
Company since May 2009;
c. 	to review investment decisions made on behalf of the Company since May 2009;
d. 	to review the Company’s financing and investment advisory arrangements with
third parties since May 2009;
e. 	to review and approve any expense accrued by the Company subsequent to the
date of the ASO in excess of $25,000 per item;
f. 	to review all future non-incidental and official communications by the Company
to investors; and
g. 	to review the Company’s plans to identify and pursue claims against third parties.
Paragraph 3 of the ASO spelled out the billing rates for Radke, his partner Peter Unger,
Esq., and the associates in their law firm, required Radke to render monthly bills to the Company
and the SEC, and directed Radke to submit his bills to the Court for approval when the
accumulated fees reached $100,000.
Approximately one month later, on March 15, 2011, and with the exception of West End
Cash Liquidity Fund I L.P. and West End Dividend Strategy Fund I. L.P., each of the debtors
filed chapter 11 petitions in this Court. On June 9, 2011, West End Cash Liquidity Fund I L.P.
filed its chapter 11 petition, and on July 6, 2011, West End Dividend Strategy Fund I L.P. filed
its chapter 11 petition. By order dated July 25, 2011, the debtors’ estates were partially
substantively consolidated. Robinson Brog, the firm that had represented the debtors pre-
petition, was eventually retained to represent the debtors in the chapter 11 cases.
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One week after the initial chapter 11 filings, the office of the United States Trustee filed a
motion to appoint a chapter 11 trustee (“Trustee Motion”). (ECF Doc. # 8.) The SEC joined in
the Trustee Motion. (See Joinder of the U.S. Securities and Exchange Commission to Motion by
United States Trustee for Order Directing Appointment of Chapter 11 Trustee or, in the
Alternative, Converting These Cases to Chapter 7, dated Mar. 22, 2011 (ECF Doc. # 13).)
Although Radke did not formally join in the motion, he submitted a declaration in support of the
SEC’s joinder, taking on an active role as an advocate, and ultimately, a witness on behalf of the
United States Trustee and the SEC. (See Declaration of Mark S. Radke in Support of Joinder of
U.S. Securities and Exchange Commission to Motion by United States Trustee for Order
Directing Appointment of Chapter 11 Trustee or, in the Alternative, Conversion of the Cases to
Chapter 7, dated Mar. 24, 2011 (ECF Doc. # 21).)
The Court conducted several days of evidentiary hearings in connection with the Trustee
Motion. The debtors subpoenaed documents from Radke, and he, his law firm and the debtors
spent a significant amount of time fighting over objections to the subpoena, and ultimately,
presenting those objections to the Court for resolution. In addition, and as noted, Radke testified
as a fact witness during the hearings. The Trustee Motion was no longer pressed once the parties
began to make progress on a consensual plan, and was withdrawn after the debtors confirmed the
plan on January 26, 2012.
In the meantime, by order dated July 29, 2011 (the “Freeze Order”), District Judge Castel
suspended Radke’s duties under the ASO as of July 27, 2011, but directed the “Company” to
apply to the Bankruptcy Court to retain Radke as the Monitor with the duties set forth in the
ASO, as amended by the Freeze Order, nunc pro tunc to March 15, 2011, the petition date. The
debtors made the motion on August 12, 2011 (ECF Doc. # 203), and by order dated September 8,
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2011 (the “Radke Retention Order”), this Court authorized the retention of Radke pursuant to
sections 105 and 363 of the Bankruptcy Code, nunc pro tunc to the petition date “as the Debtor’s
independent monitor under the specific terms of the ASO and the Freeze Order.” (ECF Doc. #
214.) The Radke Retention Order expressly required Radke to apply to this Court for
compensation and reimbursement of expenses pursuant to section 330 of the Bankruptcy Code,
and that “[s]uch application shall be subject to the Office of the United States Trustee’s
guidelines for compensation and reimbursement of expenses and the approval of this Court under
11 U.S.C. § 330.”
After confirmation, the Court heard the applications by the various professionals for final
compensation and reimbursement of expenses. It resolved all but two from the bench, and
reserved decision on the applications filed by Robinson Brog and Arent Fox.
DISCUSSION
A. 	Introduction
Bankruptcy Code § 330 authorizes a bankruptcy court to award reasonable compensation
to a fee applicant based on the actual, necessary services, and to reimburse him for his actual,
necessary expenses. 11 U.S.C. § 330(a)(1). The relevant criteria include the following:
(A) the time spent on such services;
(B) the rates charged for such services;
(C) whether the services were necessary to the administration of, or beneficial at
the time at which the service was rendered toward the completion of, a case under
this title;
(D) whether the services were performed within a reasonable amount of time
commensurate with the complexity, importance, and nature of the problem, issue,
or task addressed;
(E) whether the [professional] is board certified or otherwise has demonstrated
skill and experience in the bankruptcy field; and
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(F) whether the compensation is reasonable based on the customary compensation
charged by comparably skilled practitioners in cases other than cases under this
title.
11 U.S.C. § 330(a)(3).
The fee applicant bears the burden of proof on its claim for compensation. Houlihan
Lokey Howard & Zukin Capital v. High River Ltd. P’ship, No. 05 Civ. 5726 (BSJ), 2007 WL
1217268, at *2 (S.D.N.Y. Apr. 24, 2007); Zeisler & Zeisler, P.C. v. Prudential Ins. Co. of Am.
(In re JLM, Inc.), 210 B.R. 19, 24 (B.A.P. 2d Cir. 1997); In re Keene Corp., 205 B.R. 690, 695
(Bankr. S.D.N.Y. 1997). Even in the absence of an objection, the Court has an independent duty
to scrutinize the fee request. In re Busy Beaver Bldg. Ctrs., Inc., 19 F.3d 833, 841 (3d Cir.
1994). The applicant must submit contemporaneous time records, although a computerized
printout summary, in lieu of the original time slips, will suffice. Masterwear Corp. v. Angel &
Frankel, P.C. (In re Masterwear Corp.), 233 B.R. 266, 278 & n.14 (Bankr. S.D.N.Y. 1999).
The standards for time records are contained in this Court’s Fee Guidelines, as amended,
and the guidelines issued by the Executive Office of United States Trustees. See 28 C.F.R., pt.
58, App. A (2011) (“UST Guidelines”). At bottom, proper time record keeping is necessary to
enable the court to determine the reasonableness of the work that has been performed.
Generally, fee applications, standing alone, must contain sufficient detail to demonstrate
compliance with § 330. UST Guidelines, (b). Any uncertainties due to poor record keeping are
resolved against the applicant. In re Poseidon Pools of Am., 216 B.R. 98, 100-01 (E.D.N.Y.
1997). Time records must be broken down by project. UST Guidelines, (b)(4)(i). Entries
concerning communications (e.g., telephone calls, letters) should identify the parties and the
nature of the communication. Id., (b)(4)(v). Entries relating to conferences or hearings should
identify the subject of the hearing, and explain, where appropriate, why more than one
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professional from the applicant participated. Id. Finally, multiple project services rendered on
the same day should be listed in separate entries unless the aggregate daily time does not exceed
one half hour. Id. Alternatively, and consistent with the practice followed here prior to the
adoption of the UST Guidelines, the applicant may “lump” his daily project entries provided he
indicates parenthetically the amount of time spent on each activity.
A court does not determine “reasonableness” through hindsight. In re Brous, 370 B.R.
563, 570 (Bankr. S.D.N.Y. 2007). A decision reasonable at first may turn out wrong in the end.
The test is an objective one, and considers “what services a reasonable lawyer or legal firm
would have performed in the same circumstances.” In re Ames Dep’t Stores, Inc., 76 F.3d 66, 72
(2d Cir. 1996) (citing In re Taxman Clothing Co., 49 F.3d 310, 315 (7th Cir. 1995) (Posner, J.));
accord In re Angelika Films 57th, Inc., 227 B.R. 29, 42 (Bankr. S.D.N.Y. 1998); In re Keene
Corp., 205 B.R. at 696; In re Drexel Burnham Lambert Group, Inc., 133 B.R. 13, 23 (Bankr.
S.D.N.Y. 1991).
The rules that govern fee awards and time record keeping in bankruptcy mirror those that
apply in non-bankruptcy cases. Courts outside of bankruptcy generally apply the “lodestar”
method under which they arrive at a fee “by multiplying ‘the number of hours reasonably
expended on the litigation . . . by a reasonable hourly rate.’” Kirsch v. Fleet St., Ltd., 148 F.3d
149, 172 (2d Cir. 1998) (quoting Hensley v. Eckerhart, 461 U.S. 424, 433 (1983)). The fee
applicant bears the burden of proof to demonstrate the reasonableness and necessity of its
services. Allende v. Unitech Design, Inc., 783 F. Supp. 2d 509, 512 (S.D.N.Y. 2011) (“As the
fee applicant, plaintiffs ‘bear[] the burden of documenting the hours reasonably spent by counsel,
and the reasonableness of the hourly rates claimed.’”) (internal citation omitted); Tokyo Electron
Arizona, Inc. v. Discreet Indus. Corp., 215 F.R.D. 60, 62 (E.D.N.Y. 2003) (“The party seeking
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reimbursement bears the burden of proving the reasonableness and necessity of hours spent and
rates charged.”) (citing New York State Ass’n for Retarded Children v. Carey, 711 F.2d 1136 (2d
Cir. 1983)). “Applications for fee awards should generally be documented by
contemporaneously created time records that specify, for each attorney, the date, the hours
expended, and the nature of the work done.” Kirsch, 148 F.3d at 173.
Lumping or block billing, a timekeeping practice that involves including multiple
services in a single, aggregated time entry without any breakdown of the time spent on each
service, complicates a court’s efforts “to gauge the reasonableness of time expended on each
activity.” Ass’n of Holocaust Victims for Restitution of Artwork & Masterpieces v. Bank of
Australia Creditanstalt, No. 04 Civ. 3600 (SWK), 2005 WL 3099592, at *5-6 & n.9 (S.D.N.Y.
Nov. 17, 2005); accord LV v. New York City Dep’t of Educ., 700 F. Supp. 2d 510, 525 (S.D.N.Y.
2010) (“[B]lock-billing can make it ‘exceedingly difficult for courts to assess the reasonableness
of the hours billed. In such circumstances courts have found it appropriate to cut hours across
the board by some percentage.’”) (internal citations omitted); Williams v. New York City Hous.
Auth., 975 F. Supp. 317, 327 (S.D.N.Y. 1997) (“Fee applicants should not ‘‘lump’ several
services or tasks into one time sheet entry because it is then difficult, if not impossible, for a
court to determine the reasonableness of the time spent on each of the individual services or tasks
provided . . . . It is not the court’s job to decipher time entries and guess how much time each
activity took . . . . It is the responsibility of the applicant to make separate time entries for each
activity.’”) (quoting Poseidon Pools, 180 B.R. at 731) (citations omitted).
Similarly, vague and ambiguous descriptions of work done prevent the court from
assessing the reasonableness of the work, and should be eliminated or reduced. Cosgrove v.
Sears, Roebuck & Co., No. 81 CIV. 3482 (AGS), 1996 WL 99390, at * 3 (S.D.N.Y. Mar. 7,
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1996) (“[M]any of the descriptions of the work performed are vague, including entries such as
‘review of file,’ ‘review of documents’ and ‘review of [adversary’s] letter.’ There can be no
meaningful review of time records where the entries are too vague to determine whether the
hours were reasonably expended.”) (citations omitted); Dotson v. City of Syracuse, No. 5:04-CV-
1388 (NAM/GJD), 2011 WL 817499, at *24 (N.D.N.Y. Mar. 2, 2011) (“Descriptions of work
such as ‘review of file’, ‘review of documents’ and ‘review of letters’ are vague and do not
permit a court to evaluate the reasonableness of the services.”); Schruefer v. Winthorpe Grant,
Inc., No. 99 Civ. 9365 (GBD)(AJP), 2003 WL 21511157, at *3 (S.D.N.Y. July 2, 2003)
(imposing overall reduction of 10% based on vague time entries including “various phone
conferences,” “review file,” “legal research,” and “case administration”).
“[C]ourts have recognized that it is unrealistic to expect a trial judge to evaluate and rule
on every entry in an application [and] have endorsed percentage cuts as a practical means of
trimming fat from a fee application.” New York State Ass’n for Retarded Children, Inc. v. Carey,
711 F.2d at 1146. To address problems like block billing and vagueness, courts routinely apply
across the board reductions. United States Football League v. Nat’l Football League, 887 F.2d
408, 415 (2d Cir. 1989) (affirming across the board reduction for vague time entries); Colon v.
City of New York, Nos. 09 CV 0008 (JBW), 2012 WL 691544, at *21 (E.D.N.Y. Feb. 9, 2012)
(collecting cases); Reiter v. Metro. Transp. Auth. of the State of New York, No. 01 Civ. 2762
(GWG), 2007 WL 2775144, at *15 (S.D.N.Y. Sept. 27, 2007) (collecting cases); Klimbach v.
Spherion Corp., 467 F. Supp. 2d 323, 332 (W.D.N.Y. 2006) (applying a 10% across the board
reduction for vague billing entries); Ass’n of Holocaust Victims, 2005 WL 3099592, at *7
(reducing lodestar amount by 25% to account for instances of block billing, vagueness and
excess).
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B. 	Robinson Brog Application
1. 	Introduction
The United States Trustee and the SEC have lodged objections to the Robinson Brog
application. The principal objection by both is directed at the services rendered in opposing the
Trustee Motion. According to the SEC, the time charges aggregated approximately $210,606.
(Objection of Securities and Exchange Commission to Fee Application of Robinson Brog
Leinwand Greene Genovese & Gluck P.C., dated Feb. 8. 2012 (“SEC Objection”), at 3 (ECF
Doc. # 332).) The bases of the objection are two-fold: the services did not benefit the estate, see
11 U.S.C. § 330(a)(3)(C), and rendered Robinson Brog an interested person. See 11 U.S.C. §
328(c).1 The SEC also objects to the $43,063 in fees generated by Robinson Brog in prosecuting
a motion in the District Court objecting to the Monitor’s fees and seeking to remove the Monitor.
The United States Trustee and SEC argue that the Court should reduce the fees relating to the
Examiner and his report, described below, and essentially surcharge Robinson Brog for the fees
incurred by the Committee and the SEC. Finally, the United States Trustee argues that Robinson
Brog’s time records fail to substantiate the firm’s services in accordance with the principles set
down by this Court’s fee guidelines and the UST Guidelines.
2. 	Resolution of Objections
a. 	The Trustee Motion
“The cornerstone of Chapter 11 is the presumption that the debtor-in-possession will be
permitted to operate its business after filing, unless there is cause for the appointment of a
trustee.” Hansen, Jones & Leta, P.C. v. Segal, 220 B.R. 434, 458 (D. Utah 1998). The
Bankruptcy Code nevertheless allows the Court to displace the debtor-in possession and appoint
1 	The SEC argues that I should disallow all fees on this basis. (SEC Objection at 9.)
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a chapter 11 trustee “for cause, including fraud, dishonesty, incompetence, or gross
mismanagement of the affairs of the debtor by current management, either before or after the
commencement of the case,” 11 U.S.C. § 1104(a)(1), or “if such appointment is in the interests
of creditors, any equity security holders, and other interests of the estate.” 11 U.S.C. §
1104(a)(2). Under Bankruptcy Code § 1104(e), added in 2005, the United States Trustee must
move for the appointment of a trustee if he or she has
reasonable grounds to suspect that current members of the governing body of the
debtor, the debtor’s chief executive or chief financial officer, or members of the
governing body who selected the debtor’s chief executive or chief financial
officer, participated in actual fraud, dishonesty, or criminal conduct in the
management of the debtor or the debtor’s public financial reporting.
Landberg appointed Ray Heslin, the president of the debtors, to his position, and I assume that
this relationship prompted the Trustee Motion one week into the case.
There is no per se rule that legal services provided by the debtor’s attorney in the defense
of a trustee motion, even an unsuccessful defense, are not compensable. See In re Del Monico,
No. 04 B 38235, 2006 WL 345013, at *4 (Bankr. N.D. Ill. Feb 15, 2006) (“[I]f the decision to
oppose the motion [to appoint a chapter 11 trustee] was in the best interest of the estate at the
time, compensation would still be appropriate regardless of the ultimate outcome.”) (emphasis in
original); In re Spanjer Bros., Inc., 191 B.R. 738, 752 (Bankr. N.D. Ill. 1996) (“The Court
therefore rejects the contention that a debtor’s attorney who opposes appointment of a trustee,
and loses, should not receive any compensation for this time expended fighting that
appointment.”); cf JLM, Inc., 210 B.R. at 25 (“If there is a reasonable basis for contending that
the estate will benefit by opposing conversion or taking a position on other control-related
matters, compensation will not be denied.”).
Similarly,
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the mere fact that an attorney for a debtor opposes and loses a motion for the
appointment of a trustee under § 1104(a)(2) does not ipso facto demonstrate that
the attorney is representing the interests of the debtor’s principals and
management to the exclusion of the creditors, and thus breaches a fiduciary duty
owed to the debtor.
Spanjer Bros., 191 B.R. at 751. A debtor’s management enjoys the presumptive right to manage
the debtor’s affairs, and does not violate the law by opposing a trustee motion. The debtor’s
attorney acts on the instructions of the debtor’s management, and there is no basis to question the
attorney’s disinterestedness absent evidence that the attorney represented the debtor’s
management or insiders rather than the interests of the debtor at the direction of management.
Id. at 751-52.
The SEC argues that the opposition was intended to perpetuate Heslin in office, and
incidentally, to protect Robinson Brog’s financial interest as attorney for the debtor-in-
possession. The SEC points to the pre- and post-petition history citing the adversarial
relationship fostered by Heslin and Robinson Brog, and their efforts to avoid SEC oversight. In
addition, the SEC and the United States Trustee argue that the debtors could have proposed the
same plan earlier in the case. They instead delayed, proposing a plan only after the Court denied
the debtors’ motion for a judgment on partial findings at the close of the United States Trustee’s
direct case, see FED R. C IV. P. 52(c), and it appeared that Heslin might be displaced.
To be sure, this was a contentious case, and each side contributed. Nevertheless, the fact
remains that the United States Trustee brought an immediate motion to appoint a chapter 11
trustee, leaving little time to the debtors to do anything other than gear up to defend it. The
debtors were certainly not required to “roll over” simply because the United States Trustee and
the SEC challenged Heslin’s continued management of the debtor’s affairs. Moreover, as
discussed below, Robinson Brog had sent a draft plan to the Monitor, in accordance with the
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ASO, which the Monitor ignored. The debtors thereafter filed a plan within one month after the
Freeze Order eliminated the requirement in the ASO that the Monitor must approve of the plan.
Furthermore, I reject the contention that Robinson Brog acted other than at the direction
of Heslin to represent the debtors’ interests. The Government’s argument regarding Robinson
Brog’s motives and its lack of disinterestedness could apply to every instance in which a debtor
and its counsel oppose a motion to appoint a chapter 11 trustee or to convert a case. And
although the Court denied the debtors’ motion for a directed verdict, it did not do so based on
“clear and convincing” evidence that cause existed under Bankruptcy Code § 1104(a)(1),2 but
instead, denied the motion under the “best interest of creditors” test embodied in Bankruptcy
Code § 1104(a)(2). (Tr. (4/12/11) at 98-102.) Finally, the Court never decided the Trustee
Motion because the confirmation of the debtors’ plan rendered it moot.
In the end, the interests of the creditors and investors were best served by the
continuation of the debtors’ management and Robinson Brog’s representation notwithstanding
that this also inured to the benefit of Heslin and the firm. The debtors were able to confirm a
complex plan that garnered the overwhelming support of all of the constituencies. I doubt that a
chapter 11 trustee and new counsel, facing a steep learning curve, could have reached the same
result in the same time. It is unfortunate that this overall goal could not have been accomplished
in a quicker and cheaper fashion, but the level of contention and amount of litigation made this
impossible. Robinson Brog did not do anything different from what other debtors’ counsel
would have done under similar circumstances. The firm’s services opposing the Trustee Motion
2 	The one exception concerned Heslin’s initial direction to the debtors’ bookkeeper to reallocate a portion of
his salary to his wife, who also worked for the debtors, to protect his eligibility for disability payments. However,
Heslin unilaterally reversed the reallocation, and his W-2 for that year reported all of his compensation. (Transcript
of the hearing held April 12, 2011 (“Tr. (4/12/11)”), at 98 (ECF Doc. # 92).)
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were reasonable, ultimately benefitted the estate by keeping management in place, and did not
rob the firm of its disinterestedness simply by defending the motion.
b. 	The Freeze Order
The SEC also objects to the fees incurred in the proceedings that led to the Freeze Order.
According to the SEC, the debtors moved by order to show cause signed by District Judge Castel
on July 18, 2011, to remove the Monitor and object to his fees. The motion papers included a
24-page attorney affidavit along with 36 exhibits. (SEC Objection at 14.)
On the July 27 return date, District Judge Castel expressed his displeasure with both
sides.3 Paragraph 2(a) of the ASO directed the Company in the event of a bankruptcy filing to
“make the appropriate application to the [bankruptcy] court for the continuance of Mr. Radke as
the Independent Monitor.” The ASO contemplated that if bankruptcy ensued, most if not all of
the issues regarding the Monitor, including his continuation and compensation, would be handed
off to this Court. (See District Court Transcript at 22, 26.) As of July 27, 2011, more than four
months after the petition date, the debtors had not yet made the motion, blaming the Monitor’s
refusal to supply an affidavit of disinterestedness. (Id. at 2-3.) The Monitor contended that he
refused to provide the affidavit because he had consulted with bankruptcy lawyers at his firm
who told him it was not needed. (Id. at 22-23.) District Judge Castel criticized both parties for
failing to bring their inability or refusal to comply with the ASO to his attention, or seek relief
from the ASO.
3 	A copy of the July 27, 2011 transcript (the “District Court Transcript”) is attached as Exhibit B to the
debtors’ Response to Objections of United States Trustee and Securities and Exchange Commission to Final
Application of Robinson Brog Leinwand Greene Genovese & Gluck P.C. for Compensation and Reimbursement of
Expenses, dated Feb. 13, 2012 (ECF Doc. # 346).
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Paragraph 2(a) of the ASO also required Radke to “review and approve the design of a
plan of distribution to liquidate and distribute the Company’s assets.” The debtors sent Radke a
draft plan on May 3, 20111, but he essentially ignored it because he viewed it as “bare bones”
and insufficient. (Id. at 18-19.) The District Court stated that Radke should have at least
acknowledged receipt of the plan and if appropriate, explained that he declined to comment on it.
(Id. at 19-20.) In addition, paragraph 3(d) of the ASO directed Radke to submit monthly bills to
the debtors and the SEC, and submit the bills for District Court approval when the fees
accumulated $100,000.00. He failed to do so, blaming the delay on his computer system.
District Judge Castel admonished Radke for not seeking relief from the monthly bill requirement.
(Id. at 21.) Furthermore, when he finally submitted bills to the SEC, he failed to share them with
the debtors. (Id. at 28-29.) He also failed to advise the debtors when his fees hit $100,000.00.
(Id. at 22.) Finally, when Radke provided a draft report to the SEC, he did not also send a copy
to the debtors. (Id. at 29-30.)
The District Court ultimately concluded that the debtors failed to comply with the ASO
and the Monitor acquiesced in that non-compliance. (Id. at 26-27.) The debtors should have
applied to the Bankruptcy Court to retain the Monitor, and the Monitor should have presented his
fee application to the Bankruptcy Court. (See id. at 22.) Consequently, the Monitor sought
approval of his fees in the wrong court, and District Judge Castel declined to rule on the
application. The debtors were directed to take immediate steps in the Bankruptcy Court to retain
the Monitor nunc pro tunc to the petition date. Finally, with the agreement of all parties, the
Monitorship was “frozen,” and the debtors’ were relieved of the requirement that the Monitor
approve the plan. (See id. at 36-38.) The Freeze Order followed.
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The proceedings before District Judge Castel epitomized the parties’ penchant for
litigation as a substitute for communication. Both sides ignored their obligations under the ASO.
The issues—the execution of an affidavit of disinterestedness, the motion to retain the Monitor in
the Bankruptcy Court, the need for the Monitor’s approval of the plan—should have been
resolved through a chambers conference to the extent that they could not have been resolved
through a telephone call. By late July, the parties had stood down from the Trustee Motion, they
were making progress negotiating a plan, and the Monitor’s role had faded into the background.
The debtors nonetheless decided to initiate emergency litigation. Obviously, the part of the
debtors’ motion objecting to the Monitor’s fees was entirely unnecessary. It should have been
made in this Court, as it eventually was, but for the debtors’ failure to seek the Monitor’s
retention.
On the other hand, the need for the Monitor’s approval of the plan presented a potentially
serious obstacle to progress in the case. The debtors had sent a draft plan to the Monitor in early
May, but he ignored it. Once the requirement for his approval was eliminated under the Freeze
Order, the case moved much more quickly to a successful conclusion. Given the tenor of the
case, I remain unconvinced that the Monitor would have surrendered the approval requirement as
willingly as he did when pressed by District Judge Castel. Thus, it was reasonable and necessary
for the debtors to seek that relief. In short, although the fee objection aspect of the debtors’
motion was entirely unnecessary, the motion to eliminate the approval requirement was
necessary. Accordingly, 50% of the time spent on the motion, $21,531.50 will be allowed, and
the remaining 50% will be disallowed.
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c. 	The Fee Examiner Litigation
Bankruptcy Code § 327(a) requires that counsel for the debtor must be disinterested and
not hold or represent an interest adverse to the estate. A disinterested person is one who does not
hold a claim against the estate or have an interest materially adverse to the estate. 11 U.S.C. §
101(14). When the debtors sought to retain Robinson Brog as bankruptcy counsel, the United
States Trustee objected arguing that the firm had conflicts with the estate that precluded its
retention. The firm faced a disgorgement claim in connection with its pre-petition fees. It also
faced potential preference liability. Finally, it had received funds from Chartis Specialty
Insurance Company (“Chartis”), the debtors’ insurer, but had failed to account satisfactorily for
those funds.
Robinson Brog suggested a compromise that had been adopted in Exco Res., Inc. v.
Milbank, Tweed, Hadley & McCloy LLP (In re Enron), No. 02 Civ. 5638 (BSJ), 2003 WL
223455 (S.D.N.Y. Feb. 2, 2003). There, the Bankruptcy Court had authorized the Official
Committee of Unsecured Creditors to retain Milbank, Tweed, Hadley & McCloy LLP
(“Milbank”) as its counsel in the bankruptcy proceedings. A creditor subsequently filed a
motion to disqualify Milbank. It alleged, among other things, that Milbank had received
preferences, and therefore, held an interest adverse to the unsecured creditors.
The District Court affirmed the Bankruptcy Court’s conclusion that the preferences did
not require disqualification. The examiner appointed in the Enron case would determine whether
Milbank received a preference, Milbank waived its right to litigate the preference issue, and
agreed to be bound by the examiner’s determination. The Bankruptcy Court had concluded and
the District Court concurred that Milbank’s agreement to be bound by the examiner’s
determination resolved the argument that Milbank held an adverse interest. Id. at *9.
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Robinson Brog made a similar proposal to resolve the objections to its retention, and
agreed to be bound by that determination without further litigation. Accordingly, upon motion of
the United States Trustee, the Court ordered the appointment of an examiner to investigate
whether Robinson Brog should disgorge any pre-petition fees, whether the firm received
preferences that could be recovered by the estates and whether Robinson Brog should be
surcharged based on the failure to fully account for $825,000 received from Chartis. (Order
Directing the Appointment of an Examiner Pursuant to Section 1104(c) of the Bankruptcy Code,
dated June 16, 2011 (ECF Doc. # 157).) The United States Trustee appointed Albert Togut, Esq.
as examiner.
Togut rendered his Fee Examiner’s Report (the “Report”) (ECF Doc. # 261) on
December 8, 2011, after first providing a draft to Robinson Brog and affording the firm the
opportunity to comment. The Report reflects a conscientious effort to perform his duties in a fair
and balanced manner. It concluded that the pre-petition fees should be reduced by $163,472.71
based on insufficient substantiation, and that Robinson Brog had received a preference in the
amount of $254,045.06. In substance, Robinson Brog owed the estate $417,517.77. (Id. at 49.)
The examiner also rejected Robinson Brog’s argument that it should be permitted to set off
$132,967.66 in fees that it had previously waived. (Id. at 49-50.)
This should have ended the matter, but Robinson Brog filed an objection to the Report,
challenging many of the examiner’s findings and conclusions. (Objection to the Acceptance of
the Fee Examiner’s Report, dated Dec. 12, 2011 (ECF Doc. # 262).) The objection triggered a
response from the SEC which complained that Robinson Brog had agreed to abide by the Report
and waived any right to object. (Response of Securities and Exchange Commission to Objection
by Robinson Brog Leinwand Greene Genovese & Gluck P.C. to Examiner’s Report, dated Dec.
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21, 2011 (ECF Doc. # 268).) In light of the opposition and the Court’s statements, Robinson
Brog withdrew its objection to the Report at the hearing.
The entire episode involving the appointment of the examiner, the preparation of the
Report and the litigation following Robinson Brog’s objections became a point of contention
during the fee hearings. In substance, the SEC and United States Trustee contend that the
process was put in place at Robinson Brog’s suggestion to overcome the objections to its
retention, and Robinson Brog should bear all of the costs. Robinson Brog has already excised
from its fee application the value of the services it expended in connection with the fee examiner
matters, and this time is not included in its request for compensation. In addition, the Court
indicated on several occasions that the examiner’s fees would be deducted from any fee award in
Robinson Brog’s favor precisely for the reasons articulated by the Government. Accordingly,
the Court will disallow Robinson Brog’s final fee in the amount of $111,680.24, which reflects
the $110,000.00 in fees awarded to Togut and his firm and $1,680.24 in expenses. (See Order
Awarding Compensation and Reimbursement of Expenses for the Fee Examiner and his Counsel,
dated Feb. 17, 2012 (ECF Doc. # 353).)
Finally, the SEC and the United States Trustee argue that the Court should also reduce
Robinson Brog’s fees by the amount of fees generated by Committee counsel in connection with
Robinson Brog’s objection to the Report. The SEC contends further that the fee award should be
reduced by the amount of reasonable attorneys’ fees attributable to the SEC’s response to
Robinson Brog’s objection. I agree with the former but not the latter. The Committee’s counsel
expended services valued at $8,507.00 dealing with the examiner issues, and has been
compensated by the estate for its time. Robinson Brog rather than the estate’s creditors should
bear those expenses for the reasons articulated above, and this amount will be disallowed from
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Robinson Brog’s request. On the other hand, while the SEC provided reasonable and necessary
services in connection with its response to Robinson Brog’s objection to the Report, the creditors
of the estate will not have to bear the costs. Thus, reducing Robinson Brog’s award based on the
value of the SEC services would simply be a penal measure that I decline to impose.
d. 	Recordkeeping and Substantiation
The last area of objections concerns Robinson Brog’s time keeping entries. The majority
of Robinson Brog’s time entries satisfy the Court and UST Guidelines, but there are two
exceptions. First, as identified on Schedule A, more than 10% of the firm’s entries made by
thirteen timekeepers involve the activity of “reviewing” documents, and total 678 hours and
aggregate $282,541.69 in fees.4
I interpret “review” to mean “read.” See In re CCT Commc’ns, Inc., No. 07-10210
(SMB), 2010 WL 3386947, at *8 (Bankr. S.D.N.Y. Aug. 24, 2010). Conducting a reasonable
review of specific documents for a necessary purpose is ordinarily compensable. Here the
document being “reviewed” is sometimes described with specificity, but more often, timekeepers
are “reviewing” generic categories of documents, such as “schedules,” “claims” and the like, for
no apparent purpose. Robinson Brog has failed to satisfy its burden of showing the
reasonableness or necessity for so many people “reviewing” so many documents, many of which
are described in such general terms that it is impossible to discern what the timekeeper is
reviewing or why. This form of record keeping justifies a 20% across the board reduction on this
category of entries, and $56,508.34 in fees is disallowed.
4 	These entries do not include any other verb, such as “review and revise.”
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Second, one timekeeper (HEF) billed 134.9 hours, valued at $53,960.00, performing
services identified as “attention to” some document or activity. These entries are summarized on
Schedule B. In an earlier case also involving Robinson Brog, the Court concluded that another
firm’s use of the description “attention to” made it impossible to determine the nature of the
service or the activity that it purported to describe, and disallowed 50% of those time charges.
CCT, 2010 WL 3386947, at *8. I reach the same conclusion here, and disallow 50% of these
time charges, or $26,980.00.
In summary, Robinson Brog sought fees aggregating $2,151,281.50, fees in the sum of
$225,207.08 have been disallowed for the reasons stated above, and Robinson Brog is entitled to
a final fee award in the sum of $1,926,074.42. The United States Trustee had also lodged
objections to certain other time entries primarily on the ground that the descriptions in the
records were inadequate. To the extent those objections or any other objections are not
addressed in this opinion, they are overruled.
Finally, Robinson Brog seeks $43,968.39 as reimbursement for its expenses. No party
has challenged any particular expense, and they are allowed.
C. 	Arent Fox Application
1. 	Introduction
Arent Fox filed its first and final fee application on January 6, 2012. (ECF Doc. # 285.)
The application sought fees incurred from the petition date to December 31, 2011 in the sum of
$283,941.06 and reimbursement of expenses in the sum of $20,249.19. The application also
sought approximately $41,000 in compensation and expenses in connection with pre-petition
work.
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The Arent Fox application elicited several objections. The Committee argued that (1) the
firm was not entitled to an allowance of fees incurred prior to the petition date, (2) the Court
never authorized Radke to retain his firm, and hence, the firm should not be compensated, (3)
Radke’s services exceeded the scope of his appointment, (4) the Court should disallow any fees
in excess of $100,000 because Arent Fox failed to apply to the District Court for approval of its
fees until they reached $278,728.76, (5) Radke and his firm are not entitled to compensation for
his services as a trial witness, responding to the debtors’ subpoena and opposing the debtors’
motion in the District Court to remove him as Monitor, (6) many of the firm’s time records
include lumped entries, and (7) Radke and Arent Fox incurred unreasonable and unnecessary
luxury travel expenses. (Objection of the Official Committee of Unsecured Creditors to First
and Final Application of Arent Fox LLP Independent Monitor of the Debtor Pursuant to
Bankruptcy Code Sections [sic] 330 for Allowance of Compensation and Reimbursement of
Expenses, dated Feb. 8, 2012 (ECF Doc. # 334).) The debtors joined in the Committee’s
objection, amplifying certain of the arguments.
During the February 15, 2012 hearing on the fee application, the Court expressed
reservations about Radke’s compensation for the time spent as a witness in connection with the
Trustee Motion and the related subpoena, and directed him to break out that time in the firm’s
records. (Transcript of the hearing held Feb. 15, 2012 (“Tr. (2/15/12)”), at 49, 51 (ECF Doc. #
361).) In addition, virtually all of the time records were “lumped,” but the Court offered Arent
Fox the opportunity to reconstitute its time records to show the amount of time that was spent on
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various tasks on the same day.5 (Id. at 49.) The Court also directed Arent Fox to separate out its
pre-petition services. (Id. at 50.)
Arent Fox submitted its supplemental papers on or about February 28, 2012 (the
“Supplement”), which clarified the time records and resolved some of the issues raised by the
Committee. (See ECF Doc. # 356.) Arent Fox removed the request for pre-petition fees and
expenses from the application presently before the Court. It also subdivided its post-petition
work into three categories reflected in three schedules: (1) the time attributable to Radke’s
participation as a witness at the hearing on the Trustee Motion, (2) the time attributable to
responding to the debtors’ subpoena and litigating with the debtors regarding the subpoena, and
(3) everything else.
In its subsequent objection, joined in by the Committee, the debtors continued to press
their objections to Arent Fox’s fee application. According to the debtors, the Supplement still
failed to comply with the UST Guidelines and section 330 of the Bankruptcy Code, the
reconstructed non-contemporaneous time records were unreliable and should be subject to “strict
scrutiny,” and the additional detail still included lumped, vague and non-compensable time
entries. (See Debtors’ Supplemental Objection to the Additional Time Record Detail Submitted
by the Independent Monitor and his Counsel in Connection with their Fee Application, dated
Mar. 2, 2012 (ECF Doc. # 359).) The debtors also marked up the records supplied by the
applicant indicating its specific objections to particular entries.
5 	The pervasive lumping apparently escaped the notice of the United States Trustee who did not object to
Radke’s fees, but nevertheless asserted a lumping objection to a di minimis number of Robinson Brog’s time
records.
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2. 	Resolution of the Objections to Fees
Several of the issues raised by the Committee require only brief comment. First, Arent
Fox has withdrawn its request for pre-petition fees and expenses from its pending application.
Second, Arent Fox is entitled to compensation for its reasonable and necessary services
representing Radke although the firm was not formally retained by an order of this Court. The
ASO expressly contemplated that members and associates of Arent Fox would assist Radke in the
performance of his duties. It established the billing rate for Radke’s partner, Unger, (ASO at ¶
3(b)), and identified the range of acceptable billing rates for the firm’s associates. (Id. at ¶ 3(c).)
The Radke Retention Order (at ¶ 2) provided for his retention nunc pro tunc to the petition date
“under the specific terms of the ASO and the Freeze Order.” It was not intended to modify the
provisions of the ASO that contemplated Radke’s use of members and associates of his firm, and
it was unnecessary for him to make a separate application in this Court to retain his firm.
Third, I decline to penalize Arent Fox for its failure to submit a fee application to the
District Court until its fees reached nearly $280,000.00. 	I do not condone the failure, but the
debtors and the Committee have not been prejudiced. They do not contend that the District
Court would have vacated or limited Radke’s appointment as Monitor once the fees reached
$100,000, and they have had ample opportunity to object to the fees on the merits.
Fourth, I decline to disallow the time spent by Arent Fox responding to the debtors’ order
to show cause in the District Court. The debtors initiated that litigation, the order to show cause
imposed tight time constraints, and Arent Fox’s response was reasonable under the
circumstances. In addition, the across the board reduction discussed below effectively reduces
the allowed amount of time dealing with this matter.
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The remaining objections, on the other hand, have greater merit and illustrate two general
problems with the Arent Fox application. With three exceptions, Radke’s role as Monitor was
essentially a passive one. He was directed to “review” the debtors’ distribution plan, “review”
all fees, expenses, investments decisions, transactions, financing and investment advisory
arrangements with third parties since May 2009, “review” all future non-incidental and official
communications to the investors and “review” the debtors’ plans to identify and pursue claims
against third parties. (ASO at ¶ 2.) The three exceptions involved Radke’s role in approving the
design of the distribution plan, (id.), approving any expense in excess of $25,000 per item, (id.),
and reporting to the District Court. (Id. at ¶ 5.)
Radke certainly had to keep informed regarding the bankruptcy in his role as Monitor.
Thus, he or a member of his firm would be expected to attend the multi-day hearings on the
Trustee Motion in order to “monitor” the proceedings. Nevertheless, Radke exceeded his role
and duties as Monitor, and Arent Fox rendered services that were unreasonable and unnecessary
to those duties, when Radke became a de facto party to and advocate for the Trustee Motion.
The chapter 11 cases were filed on March 15, 2011, the Trustee Motion was filed one week later,
and the SEC sought to join in the Trustee Motion on March 24, 2011. During that nine day
period (March 15 to March 24), Radke worked with the SEC and the United States Trustee to
prepare a declaration that the SEC eventually submitted in support of its motion to join in the
Trustee Motion. Radke subsequently testified as a fact witness in the direct case on the Trustee
Motion based on what he had learned as Monitor, and in connection with his testimony,
responded to the debtors’ subpoena and engaged in unsuccessful litigation regarding the
assertion of privilege with respect to certain of the responsive documents. (See Transcript of the
hearing held Mar. 31, 2011, at 4-7 (ECF Doc. # 106).)
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I do not mean to suggest that it was inappropriate for Radke to testify as a fact witness or
object to the debtors’ subpoena. If he had relevant evidence to give, he was obliged to give it. If
the debtors sought documents that he had a reasonable basis to believe were privileged, he had
the right to resist disclosure. Nevertheless, Radke’s role as de facto party, advocate and trial
witness exceeded his duties as Monitor, and the costs should not be borne by the debtors’
creditors. Tab 2, Schedule A to the Supplement shows that Radke and the firm billed the
aggregate amount of $21,000.00 in connection with Radke’s participation as a witness during the
trial of the Trustee Motion. Tab 2, Schedule B to the Supplement indicates that Arent Fox billed
the aggregate amount of $39,867.00 in connection with its services relating to the trial subpoena
and resulting litigation. These fees are disallowed.
Finally, several of the entries in Tab 3, Schedule C to the Supplement expressly or
impliedly relate to Radke’s preparation of the declaration submitted in support of the SEC’s
joinder in the Trustee Motion during the first nine days of the case. These entries aggregate
$5,632.00, and are disallowed.6
The second general problem with the Arent Fox time records concerns the quality of the
record keeping and the failure to satisfy the substantiation requirements. The Radke Retention
Order stated that the firm’s recordkeeping must comply with the UST Guidelines. The Radke
Retention Order was signed on September 8, 2011. Although Radke’s retention under the order
was made nunc pro tunc to the March 15, 2011 petition date, virtually all of the services were
performed prior to then and under the ASO.
6 	The disallowed time, by date, timekeeper and amount are as follows: 3/16/11 (Unger-$487.00; Radke-
$682.50); 3/18/11 (Radke (four entries)-$525.00, $105.00, $157.50, $367.50); 3/22/11 (Radke (three entries)-
$525.00, $1,575.00, $420.00); 3/24/11 (Radke (two entries)-$525.00 (“Work on draft declaration for bankruptcy
court”), $262.50).
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The parties have sparred over whether it would be fair to force Arent Fox for to meet the
UST Guidelines. The dispute is immaterial because even if the UST Guidelines did not apply,
the Arent Fox application would still have to satisfy the record keeping requirements imposed on
fee applicants outside of bankruptcy, including the requirement for contemporaneous time
records that are neither vague nor lumped.
The balance of the time recorded in Tab 3, Schedule C to the Supplement, which I
compute to be $217,442.06, reflects the product of after-the-fact efforts to “unblock” the time
entries following the February 15, 2012 hearing. To this extent, they are reconstructed rather
than contemporaneous. Moreover, even if the time entries attached to the Supplement were
considered contemporaneous, their accuracy would be suspect. Most of the entries are billed in
half-hour or whole-hour increments. Arent Fox’s Tab 3, Schedule C includes 390 separate time
entries, of which 256 meet these criteria.7 This indicates that time was recorded in round
numbers without any significant effort to detail the actual time spent on services.
Of greater concern, many of these large blocks of time contain woefully vague
descriptions and lumped entries, such as “reviewing,” “working” on or “drafting” various
documents of general or no description, “participating” in conferences or telephone calls
described in the most general way, or simply “preparing” for court, making it impossible to
determine if the amount of time spent was reasonable. A sampling of these entries is annexed to
this opinion as Schedule C. Under the circumstances, the Court will exercise its discretion to
apply a 20% across the board reduction to the balance of the time entries in Tab 3, Schedule C
that were not previously addressed. Accordingly, Arent Fox’s fees are allowed in the amount of
7 	One would expect that 20% of the time, or only 78 entries, would be billed in half-hour or whole-hour
increments.
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$173,953.65. The Court has considered the remaining objections, and to the extent not
specifically addressed, are overruled as lacking in merit.
3. 	Resolution of Objection to Expenses
As noted, the debtors and the Committee also objected to the reimbursement of certain
expenses sought by Arent Fox, charging that Radke and Arent Fox lawyers traveled first class
between New York and Washington and stayed in expensive New York hotels. In its
Supplement, Arent Fox agreed to reduce its out-of-town transportation and lodging expenses by
25% or $3,127.84. This is an appropriate resolution, and accordingly, the firm is entitled to an
award of reimbursed expenses in the sum of $17,121.35.
The debtors’ counsel is directed to submit a fee order consistent with this decision.
Dated: New York, New York
July 2, 2012
/s/ Stuart M. Bernstein
STUART M. BERNSTEIN
United States Bankruptcy Judge
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Schedule A
1
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
3/22/2011 AMG 	2.00 	550.00 	1,100.00
REVIEW OF US TRUSTEE MOTION TO CONVERT OR
APPOINT CHAPTER 11 TRUSTEE 	ASSET DISPOSITION
4/15/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF TRANSCRIPT OF DECISION RE: DIRECTED
VERDICT 	ASSET DISPOSITION
5/27/2011 AMG 	0.20 	550.00 	110.00
REVIEW HANK EMAIL REGARDING SALE OF FUSION
STOCK (.2) 	ASSET DISPOSITION
8/17/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF APPROVAL REGARDING SOUTHWOOD
COURT SALE OF LOT 	ASSET DISPOSITION
10/18/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF STIPULATION REGARDING
SOUTHWOOD RELEASE 	ASSET DISPOSITION
12/14/2011 FBR 	1.50 	475 	712.50
REVIEW OF OPERATING AGREEMENT OF ALL FOUR
LLC'S TO DETERMINE RESTRICTION ON
TRANSFERABILITY AND JUSTIFICATION FOR PRIVATE
SALE 	ASSET DISPOSITION
12/15/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF DZ AMENDMENT 	ASSET DISPOSITION
12/20/2011 FBR 	2.00 	475 	950.00
REVIEW OF OPERATING AGREEMENTS FOR SALES
ENTITIES 	ASSET DISPOSITION
12/20/2011 FBR 	2.00 	475 	950.00
REVIEW OF SALES AGREEMENT AND PROPOSED
ORDER 	ASSET DISPOSITION
1/4/2012 AMG 	0.40 	550.00 	220.00 REVIEW OF COMMENT TO SALE MOTION 	ASSET DISPOSITION
1/4/2012 FBR 	0.90 	475 	427.50 REVIEW OF MEMBERSHIP INTEREST MOTION 	ASSET DISPOSITION
1/5/2012 FBR 	0.20 	475 	95.00
REVIEW FINAL VERSION OF PURCHASE AGREEMENT
(0.2)
7/5/2011 AMG 	1.00 	550.00 	550.00 REVIEW OF FTI REPORT 	BUSINESS OPERATIONS
7/27/2011 LS 	0.30 	400.00 	120.00
REVIEW OF REVISED 20 LARGEST AND MASTER
MAILING LIST 	BUSINESS OPERATIONS
9/15/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF NORTHLIGHT FRANCHISE FUND AGING
OF LOANS 	BUSINESS OPERATIONS
9/16/2011 AMG 	1.20 	550.00 	660.00 REVIEW OF REPORT FROM FRANCHISE FUND 	BUSINESS OPERATIONS
9/19/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF SERVICER REPORT WITH RAY 	BUSINESS OPERATIONS
10/3/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF SEC COMMENT TO DISCLOSURE
STATEMENT 	BUSINESS OPERATIONS
10/25/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF SERVICING REPORTS 	BUSINESS OPERATIONS
11/11/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF OPERATING SERVICING REPORT 	BUSINESS OPERATIONS
12/22/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF NFA BAILOUT PLAN AND SCHEDULES 	BUSINESS OPERATIONS
12/22/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF AMENDMENTS TO TRUST AGREEMENTS BUSINESS OPERATIONS
12/27/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF EMAILS FILED ON ECF 	BUSINESS OPERATIONS
12/28/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF NORTH LIGHT AMENDMENT LOAN
DOCUMENTS 	BUSINESS OPERATIONS
12/31/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF NORTH LIGHT AMENDED LOAN
DOCUMENT 	BUSINESS OPERATIONS
1/5/2012 FBR 	0.90 	475 	427.50
REVIEW OF PROPOSED NORTH LIGHT LOAN AND
SECURITY AGREEMENT MARKUP 	BUSINESS OPERATIONS
1/8/2012 FBR 	1.60 	475 	760.00
REVIEW OF REVISED NORTHLIGHT LOAN
DOCUMENTS 	BUSINESS OPERATIONS
1/12/2012 AMG 	1.60 	550.00 	880.00 REVIEW OF IBERIA LOAN DOCUMENT ISSUES 	BUSINESS OPERATIONS
3/1/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF MONITOR LETTER TO COURT
REQUESTING ANTIBANKRUPTCY INJUNCTION 	CASE ADMINISTRATION
3/1/2011 LS 	0.40 	400.00 	160.00
REVIEW OF 1007 EXHIBITS AND BANKRUPTCY
SCHEDULES 	CASE ADMINISTRATION
3/1/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF DOCS ON RETENTION ISSUES 	CASE ADMINISTRATION
3/2/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF SEC LETTER 	CASE ADMINISTRATION
3/2/2011 LS 	0.70 	400.00 	280.00 REVIEW OF PETITIONS 	CASE ADMINISTRATION
3/2/2011 LS 	0.50 	400.00 	200.00 REVIEW OF PETITION BACKUP 	CASE ADMINISTRATION
3/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF 362 RE SEC & ENFORCEMENT 	CASE ADMINISTRATION
3/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CAPTION RE CHAPTER 11 FILINGS 	CASE ADMINISTRATION
3/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RETAINER CORRESPONDENCE 	CASE ADMINISTRATION
3/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BILLING 	CASE ADMINISTRATION
3/4/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CONSOLIDATED CREDITOR SCHEDULES CASE ADMINISTRATION
3/4/2011 LS 	0.30 	400.00 	120.00
REVIEW OF CONSOLIDATED SCHEDULE OF ASSETS
AND LIABILITIES 	CASE ADMINISTRATION
3/4/2011 LS 	0.30 	400.00 	120.00 REVIEW OF REVISIONS TO SCHEDULES 	CASE ADMINISTRATION
3/7/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RESERVATION WITH AMG 	CASE ADMINISTRATION
3/7/2011 LS 	1.00 	400.00 	400.00 REVIEW OF SCHEDULES TO 1007 	CASE ADMINISTRATION
3/7/2011 LS 	0.30 	400.00 	120.00 REVIEW OF LOCAL RULES RE: COMPLIANCE 	CASE ADMINISTRATION
3/8/2011 JDD 	0.30 	425.00 	127.50
REVIEW OF COURT DECISION ON RADKE'S LETTER
MOTION 	CASE ADMINISTRATION
3/9/2011 BBN 	1.80 	325.00 	585.00
REVIEW OF DZ CLOSING BINDER FOR ORIGINAL DZ
LOAN RE: WEST END FIRST DAY ORDERS 	CASE ADMINISTRATION
3/9/2011 BBN 	2.00 	325.00 	650.00
REVIEW OF CLOSING BINDER FOR AMENDED AND
RESTATED DZ LOAN RE: WEST END FIRST DAY
ORDERS 	CASE ADMINISTRATION
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Schedule A
2
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
3/9/2011 BBN 	2.30 	325.00 	747.50
REVIEW OF CLOSING BINDER FOR SECOND A&R DZ
LOAN RE: WEST END FIRST DAY ORDERS 	CASE ADMINISTRATION
3/10/2011 AMG 	0.30 	550.00 	165.00 REVIEW RADKE LETTERS 	CASE ADMINISTRATION
3/10/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF SEC ARTICLE ON CLAW BACKS 	CASE ADMINISTRATION
3/11/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF RADKE LETTER TO COURT 	CASE ADMINISTRATION
3/11/2011 LS 	0.80 	400.00 	320.00 REVIEW OF EXPENSE JOURNAL 	CASE ADMINISTRATION
3/11/2011 RRL 	0.80 	550.00 	440.00 REVIEW OF EXPENSE JOURNAL W/LS 	CASE ADMINISTRATION
3/14/2011 LS 	0.30 	400.00 	120.00 REVIEW OF COMMENTS TO 1007 SCHEDULES 	CASE ADMINISTRATION
3/15/2011 AMG 	0.20 	550.00 	110.00
REVIEW OF JUDGE CASTEL MEMO ENDORSED
LETTER 	CASE ADMINISTRATION
3/15/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF INSURANCE MEDIATION DEMAND 	CASE ADMINISTRATION
3/15/2011 BBN 	0.60 	325.00 	195.00
REVIEW OF ORG CHART FOR FILING OF
BANKRUPTCY FOR ACCURACY OF OWNERSHIP 	CASE ADMINISTRATION
3/15/2011 LS 	0.10 	400.00 	40.00
REVIEW OF CORRESP TO CASTEL RE NOTICE OF
FILING 	CASE ADMINISTRATION
3/16/2011 LS 	0.20 	400.00 	80.00 REVIEW OF IBERIA BANK CORRESP RE SET-OFF 	CASE ADMINISTRATION
3/16/2011 RMS 	1.00 	400.00 	400.00
REVIEW OF DOCS REGARDING AMENDING
PETITIONS AND MOTIONS WITH LS 	CASE ADMINISTRATION
3/18/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF RADKE LETTER TO INVESTORS 	CASE ADMINISTRATION
3/18/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF JUDGE CASTEL'S ORDER(.5) AND
RADKE'S NEW LETTER(.3) 	CASE ADMINISTRATION
3/18/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF DZ CLOSING DOCUMENTS FOR CASH
COLLATERAL ISSUES 	CASE ADMINISTRATION
3/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RADKE EMAILS RE: CASES 	CASE ADMINISTRATION
3/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF COMMITTEE SOLICITATION FORM 	CASE ADMINISTRATION
3/18/2011 LS 	0.30 	400.00 	120.00 REVIEW OF RAD AND EQUITY LISTS 	CASE ADMINISTRATION
3/18/2011 RMS 	0.10 	400.00 	40.00
RECEIVED AND REVIEW OF EMAIL FROM G.H. AND
AMG REGARDING DOCS FOR ATTORNEY ON FILING CASE ADMINISTRATION
3/18/2011 RMS 	0.10 	400.00 	40.00
RECEIVED AND REVIEW OF EMAIL AMG REGARDING
ATTORNEY CONTACT INFORMATION ON POSSIBLE
REPRESENTATION 	CASE ADMINISTRATION
3/21/2011 AMG 	1.00 	550.00 	550.00
REVIEW OF RAD AND DEBT AND L TO PARTNER
SCHEDULES FOR ORGANIZATIONAL MEETING 	CASE ADMINISTRATION
3/21/2011 LS 	0.80 	400.00 	320.00 REVIEW OF 1007 TO COMPLETE OTHER MOTIONS 	CASE ADMINISTRATION
3/21/2011 LS 	0.60 	400.00 	240.00 REVIEW OF EQUITY HOLDER LISTS 	CASE ADMINISTRATION
3/22/2011 BBN 	0.70 	325.00 	227.50
REVIEW OF NORTHLIGHT CLOSING BINDER AND DZ
DISK FOR CERTIFICATE OF GOOD STANDING 	CASE ADMINISTRATION
3/22/2011 BBN 	2.40 	325.00 	780.00
REVIEW OF E-MAILS RE RADS - WEST END SPECIAL
OPPORTUNITY FUND LP 	CASE ADMINISTRATION
3/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF EQUITY, RAD, LP SCHEDULES 	CASE ADMINISTRATION
3/25/2011 LS 	0.20 	400.00 	80.00
REVIEW OF UST CORRESP RE EQUITY, RAD AND LP
LISTS 	CASE ADMINISTRATION
3/28/2011 LN 	1.00 	110.00 	110.00
REVIEW DOCUMENT PRODUCTION FOR ACCURACY
AND COMPLETENESS 	CASE ADMINISTRATION
3/31/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF TOM REED EMAIL 	CASE ADMINISTRATION
4/1/2011 LS 	0.10 	400.00 	40.00 REVIEW OF 2004 FORM 	CASE ADMINISTRATION
4/4/2011 LS 	0.30 	400.00 	120.00
REVIEW OF CHECKLIST - FIRST-DAY ORDERS AND
SCHEDULES 	CASE ADMINISTRATION
4/5/2011 HEF 	0.80 	400.00 	320.00
REVIEW OF WEST END INCOME STRATEGIES FUND
AND WEST END SPECIAL OPPORTUNITY FUND
OFFERING MEMOS (.8); 	CASE ADMINISTRATION
4/5/2011 HEF 	1.20 	400.00 	480.00 REVIEW OF NORTHLIGHT LOAN DOCUMENTS (1 .2); CASE ADMINISTRATION
4/5/2011 HEF 	0.20 	400.00 	80.00 REVIEW OF FILE DOCUMENTS (.2)
4/5/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CONSOLIDATED CREDITOR SCHEDULES CASE ADMINISTRATION
4/5/2011 LS 	0.10 	400.00 	40.00
REVIEW OF MEMO-ENDORSED RE LPS
COMMUNICATIONS 	CASE ADMINISTRATION
4/6/2011 BBN 	1.60 	325.00 	520.00
REVIEW OF ML MIPA FOR NOTIFICATION
REOUIREMENTS TO ML UPON BANKRUPTCY 	CASE ADMINISTRATION
4/6/2011 BBN 	1.50 	325.00 	487.50 REVIEW OF FILES FOR SWAP AGREEMENTS 	CASE ADMINISTRATION
4/6/2011 HEF 	2.20 	400.00 	880.00
REVIEW OF TRANSACTION DOCUMENTS AND
MEMBERSHIP INTEREST PURCHASE AGREEMENT 	CASE ADMINISTRATION
4/6/2011 HEF 	1.30 	400.00 	520.00 REVIEW OF 2008 FLOA AND RELATED DOCUMENTS CASE ADMINISTRATION
4/6/2011 LS 	0.20 	400.00 	80.00
REVIEW OF 1007 AND SCHEDULES RE MERRILL
LYNCH CONTACT COUNSEL INFO 	CASE ADMINISTRATION
4/7/2011 HEF 	0.10 	400.00 	40.00 REVIEW NFA I FILE DOCUMENTS (.1); 	CASE ADMINISTRATION
4/7/2011 LS 	0.20 	400.00 	80.00
REVIEW OF 327 PROVISIONS RE DISINTERESTED
STANDARDS 	CASE ADMINISTRATION
4/7/2011 LS 	0.40 	400.00 	160.00 REVIEW OF ESCROW RUN 	CASE ADMINISTRATION
4/8/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES WITH CW 	CASE ADMINISTRATION
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Schedule A
3
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
4/11/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF NY UCC FILINGS - NO NORTHLIGHT
FILINGS FOR WEFA AND WEMFF (.4); REVIEW DE
UCC WEB SEARCH (.8) 	CASE ADMINISTRATION
4/11/2011 HEF 	2.60 	400.00 	1,040.00
REVIEW DECEMBER 18, 2009 AMENDED AND
RESTATED LOAN AGREEMENT WITH NORTHLIGHT;
REVIEW VENTURE RESTAURANT PARTNERS
GOVERNANCE DOCUMENTS AND 2008 TAX
RETURNS (2.6); 	CASE ADMINISTRATION
4/11/2011 HEF 	1.60 	400.00 	640.00
REVIEW OF TERM SHEETS (1.3) AND REVIEW OF
FILE RECORDS RE ALLEGED EXCLUSIVITY BREACHES
(.3). 	CASE ADMINISTRATION
4/11/2011 LS 	0.60 	400.00 	240.00 REVIEW OF SCHEDULES TO 1007 	CASE ADMINISTRATION
4/12/2011 HEF 	2.30 	400.00 	920.00
REVIEW OF NORTHLIGHT AND DZ ISDA SWAP
TRANSACTION DOCUMENTS (2.3) 	CASE ADMINISTRATION
4/13/2011 HEF 	2.20 	400.00 	880.00
REVIEW OF PLEADINGS AND TRIAL MATERIALS (.2);
REVIEW OF WEST END GOVERNANCE DOCUMENTS
(2.0) 	CASE ADMINISTRATION
4/13/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 363 AND 327 RE RETENTION LANGUAGE CASE ADMINISTRATION
4/14/2011 KS 	2.00 	201.35 	402.70 REVIEW LP AND LLC DOCUMENTS OF ALL ENTITIES CASE ADMINISTRATION
4/14/2011 LS 	0.40 	400.00 	160.00 REVIEW OF 341 NOTICES 	CASE ADMINISTRATION
4/15/2011 HEF 	0.70 	400.00 	280.00
REVIEW OF NORTHLIGHT LOAN DOCUMENTS (.6)
AND REVIEW OF HESLIN DECLARATION IN SUPPORT
OF FIRST DAY MOTIONS (.1) 	CASE ADMINISTRATION
4/15/2011 LS 	0.60 	400.00 	240.00 REVIEW OF TRIAL TRANSCRIPT 	CASE ADMINISTRATION
4/15/2011 LS 	0.30 	400.00 	120.00 REVIEW OF RETENTION ORDER AND APPLICATION CASE ADMINISTRATION
4/15/2011 KS 	2.50 	201.35 	503.38 REVIEW WEST END APRIL 12 HEARING TRANSCRIPT CASE ADMINISTRATION
4/20/2011 HEF 	0.30 	400.00 	120.00 REVIEW OF NORTH LIGHT LOAN DOCUMENTS 	CASE ADMINISTRATION
4/20/2011 LS 	0.40 	400.00 	160.00 REVIEW OF AUGIE RESTIVO 	CASE ADMINISTRATION
4/25/2011 AJG 	3.30 	315.42 	1,040.87
REVIEWED E-MAILS DEMONSTRATING CO-
MINGLING (2.0); REVIEW OF BANK STATEMENTS 	CASE ADMINISTRATION
4/26/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF FOGERTY LEITER TO COURT 	CASE ADMINISTRATION
4/26/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF SEC EMAIL REGARDING ADJOURNMENT
OF RADKE REPORT 	CASE ADMINISTRATION
4/26/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF MEMO OF LAW ON OSC TO REMOVE
RADKE 	CASE ADMINISTRATION
4/26/2011 LS 	0.30 	400.00 	120.00 REVIEW OF BUDGET 	CASE ADMINISTRATION
4/27/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF WEST END PRODUCTION TO INVESTORS
AND CREDITORS 	CASE ADMINISTRATION
4/28/2011 AMG 	0.20 	550.00 	110.00
REVIEW OF RADKE EMAIL RE: HIS CONDITIONS FOR
APPROVAL OF PRODUCTION RE: PROFF OF CLAIMS CASE ADMINISTRATION
4/28/2011 HEF 	1.00 	400.00 	400.00
REVIEW OF VRP ORGANIZATIONAL DOCUMENTS
(.5); REVIEW OF DOCUMENTS (.5) 	CASE ADMINISTRATION
4/28/2011 LS 	0.40 	400.00 	160.00 REVIEW OF BUDGET 	CASE ADMINISTRATION
4/28/2011 LS 	0.40 	400.00 	160.00 REVIEW OF LEASES AND LEASE SCHEDULES 	CASE ADMINISTRATION
4/28/2011 LS 	0.40 	400.00 	160.00 REVIEW OF 1007 AND SCHEDULES 	CASE ADMINISTRATION
4/28/2011 LS 	0.30 	400.00 	120.00
REVIEW OF WEST END NON-DEBTOR AFFILIATES
SCHEDULES 	CASE ADMINISTRATION
4/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF TAX RETURNS 	CASE ADMINISTRATION
4/29/2011 LS 	0.30 	400.00 	120.00 REVIEW OF UPDATED NON-DEBTOR AFFILIATE LIST CASE ADMINISTRATION
4/29/2011 LS 	0.20 	400.00 	80.00 REVIEW OF WEST END 101 CHECKLIST 	CASE ADMINISTRATION
4/29/2011 LS 	0.30 	400.00 	120.00
REVIEW OF CONSOLIDATED RAD, NOTEHOLDER
AND LP SCHEDULES 	CASE ADMINISTRATION
5/2/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF OPERATING REPORTS 	CASE ADMINISTRATION
5/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF TAX RETURNS 	CASE ADMINISTRATION
5/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULE OF RAD AND NOTEHOLDERS CASE ADMINISTRATION
5/3/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF FISCHER/RADKE EMAIL 	CASE ADMINISTRATION
5/3/2011 LS 	0.20 	400.00 	80.00
REVIEW OF CREDITORS' COMMITTEE
APPOINTMENT 	CASE ADMINISTRATION
5/4/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF US TRUSTEE OBJECTION TO RETENTION
OF R & B 	CASE ADMINISTRATION
5/5/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF TRUSTEE ORDER ON SCHEDULES 	CASE ADMINISTRATION
5/5/2011 LS 	0.30 	400.00 	120.00
REVIEW OF EVIDENCE BINDERS RE INFO FOR
SCHEDULES 	CASE ADMINISTRATION
5/9/2011 LS 	0.30 	400.00 	120.00 REVIEW OF INVESTOR EMAIL INQUIRIES 	CASE ADMINISTRATION
5/9/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BANK RECONCILIATION FOR OP REPORT CASE ADMINISTRATION
5/9/2011 LS 	0.10 	400.00 	40.00 REVIEW OF SCHEDULES ORDER 	CASE ADMINISTRATION
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Schedule A
4
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
5/9/2011 LS 	1.20 	400.00 	480.00
REVIEW OF EVIDENCE BINDERS - ACCT
RECONCILIATIONS FOR SCHEDULES PREP AND
BACKUP 	CASE ADMINISTRATION
5/10/2011 LS 	0.80 	400.00 	320.00 REVIEW OF INFO FOR SCHEDULES 	CASE ADMINISTRATION
5/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SPREADSHEET TEMPLATE 	CASE ADMINISTRATION
5/10/2011 LS 	0.30 	400.00 	120.00
REVIEW OF COLLIERS FOR CREDITOR LISTS AND
FORMAT 	CASE ADMINISTRATION
5/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CONTRACTS FOR SCHEDULE G 	CASE ADMINISTRATION
5/10/2011 LS 	0.30 	400.00 	120.00 REVIEW OF DISCLAIMER FOR SCHEDULES 	CASE ADMINISTRATION
5/10/2011 LS 	0.70 	400.00 	280.00 REVIEW OF DRAFT SCHEDULES 	CASE ADMINISTRATION
5/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DEBTOR'S LIST WITH LN 	CASE ADMINISTRATION
5/11/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES BACKUP 	CASE ADMINISTRATION
5/11/2011 LS 	1.20 	400.00 	480.00 REVIEW OF CREDITOR SPREADSHEETS 	CASE ADMINISTRATION
5/12/2011 FBR 	0.30 	475 	142.50
REVIEW OF STATUS OF PREP OF SCHEDULES AND
OPEN ISSUES 	CASE ADMINISTRATION
5/12/2011 LS 	0.40 	400.00 	160.00 REVIEW OF INVESTOR SPREADSHEETS 	CASE ADMINISTRATION
5/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF NOTES TO INVESTOR SCHEDULES 	CASE ADMINISTRATION
5/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF TRUSTIIRA INFO 	CASE ADMINISTRATION
5/12/2011 LS 	0.70 	400.00 	280.00 REVIEW OF SCHEDULES AND BACKUP 	CASE ADMINISTRATION
5/13/2011 LS 	0.40 	400.00 	160.00 REVIEW OF SCHEDULES WITH AMG 	CASE ADMINISTRATION
5/16/2011 LS 	1.10 	400.00 	440.00 REVIEW OF SCHEDULES WITH HESLIN 	CASE ADMINISTRATION
5/16/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ESCROW RUN 	CASE ADMINISTRATION
5/17/2011 AMG 	0.70 	550.00 	385.00
REVIEW OF OBJECTION TO CASH COLLATERAL AND
SUB CONSOLIDATION BY IBERIA 	CASE ADMINISTRATION
5/17/2011 AMG 	0.60 	550.00 	330.00 REVIEWED UST OBJECTION TO SUB CON 	CASE ADMINISTRATION
5/17/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SCHEDULES WITH AMG 	CASE ADMINISTRATION
5/17/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES WITH FBR 	CASE ADMINISTRATION
5/17/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 3 CALF CREEK BACKUP 	CASE ADMINISTRATION
5/18/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF APRIL SERVICING REPORT 	CASE ADMINISTRATION
5/18/2011 AMG 	3.60 	550.00 	1,980.00 REVIEW OF ALL CENTURY LOAN DOCUMENTS 	CASE ADMINISTRATION
5/18/2011 BBN 	1.20 	325.00 	390.00 REVIEW OF FILE FOR CENTURY LIEN ISSUE 	CASE ADMINISTRATION
5/19/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
5/19/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF CENTURY BANK CREDIT AGREEMENT
WITH WEMFF FOR CHOICE OF LAW PROVISION,
COLLATERAL, ETC 	CASE ADMINISTRATION
5/19/2011 BBN 	0.60 	325.00 	195.00
REVIEW OF CENTURY BANK PLEDGE AGREEMENT RE
COLLATERAL DESCRI PTION 	CASE ADMINISTRATION
5/19/2011 LS 	0.80 	400.00 	320.00 REVIEW OF OP REPORTS 	CASE ADMINISTRATION
5/19/2011 LS 	0.20 	400.00 	80.00 REVIEW OF COMMITTEE RETENTION DOCS 	CASE ADMINISTRATION
5/19/2011 RRL 	0.40 	550.00 	220.00 REVIEW OF COMMITTEE RETENTION 	CASE ADMINISTRATION
5/20/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF MOTION FOR STAY RELIEF OF SETOFF
BY IBERIA BANK 	CASE ADMINISTRATION
5/20/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF UCC ARTICLE 9 RE BASICS OF CREATION
OF A VALID SECURITY INTEREST 	CASE ADMINISTRATION
5/20/2011 BBN 	2.80 	325.00 	910.00 REVIEW OF CASES RE CENTURY ISSUE 	CASE ADMINISTRATION
5/20/2011 LS 	0.30 	400.00 	120.00 REVIEW OF FINANCIALS FOR OP REPORTS 	CASE ADMINISTRATION
5/20/2011 LS 	0.30 	400.00 	120.00 REVIEW OF OP REPORTS WITH AMG 	CASE ADMINISTRATION
5/23/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF SECTION OF CENTURY AGREEMENTS
AND UCC FILINGS RE APPLICABLE LAW 	CASE ADMINISTRATION
5/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF OP REPORTS WITH R. HESLIN 	CASE ADMINISTRATION
5/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF UST INVOICES 	CASE ADMINISTRATION
5/23/2011 MEB 	1.30 	500.00 	650.00 REVIEW OF BBN MEMO RE: CENTURY LIEN 	CASE ADMINISTRATION
5/24/2011 BBN 	1.70 	325.00 	552.50 REVIEW OF DELAWARE CASES RE IBERIA 	CASE ADMINISTRATION
5/24/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF ARTICLE RE UCC ARTICLE 9-406 -
PAYMENT INTANGIBLE RE: IBERIA 	CASE ADMINISTRATION
5/25/2011 BBN 	1.50 	325.00 	487.50 REVIEW OF ARTICLES RE 9-406/9-408 RE: IBERIA 	CASE ADMINISTRATION
5/25/2011 HEF 	0.30 	400.00 	120.00 REVIEW OF UCC SECTIONS 9-406 AND 9-408. (.3) 	CASE ADMINISTRATION
5/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES WITH AMG 	CASE ADMINISTRATION
5/26/2011 BBN 	2.40 	325.00 	780.00 REVIEW OF ANALYSIS IN POWELL ARTICLE RE IBERIA CASE ADMINISTRATION
5/26/2011 HEF 	1.90 	400.00 	760.00
REVIEW OF CERTIFICATES, WARRANTS,
CONVERSION LETTER AND SCHEDULE 13D (1.9) 	CASE ADMINISTRATION
5/26/2011 LS 	0.20 	400.00 	80.00
REVIEW OF EMAILS RE SOUTHWOOD COURT
PROPERTIES 	CASE ADMINISTRATION
5/26/2011 LS 	0.20 	400.00 	80.00 REVIEW OF MASTER SERVICE LIST 	CASE ADMINISTRATION
5/26/2011 LS 	0.20 	400.00 	80.00
REVIEW OF RETURN MAIL FOR UPDATE TO SERVICE
LIST 	CASE ADMINISTRATION
5/26/2011 MEB 	0.50 	500.00 	250.00 REVIEW OF REVISED MEMO RE: CENTURY LIEN 	CASE ADMINISTRATION
5/27/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF FTI RETENTION PAPERS 	CASE ADMINISTRATION
5/27/2011 BBN 	1.40 	325.00 	455.00
REVIEW OF ADDITIONAL ANALYSIS RE EUREKA CASE
RE: IBERIA 	CASE ADMINISTRATION
5/27/2011 BBN 	2.30 	325.00 	747.50 REVIEW OF EUREKA CASE RE: IBERIA 	CASE ADMINISTRATION
5/27/2011 HEF 	4.00 	400.00 	1,600.00
REVIEW OF FUSION 10K'S FOR TRANSFER
RESTRICTIONS ON STOCK (2.6); REVIEW LOCK UP
AGREEMENT (1.4); 	CASE ADMINISTRATION
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Schedule A
5
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
5/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RETENTION DOCS 	CASE ADMINISTRATION
5/31/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF LETTER TO COURT 	CASE ADMINISTRATION
5/31/2011 AMG 	1.80 	550.00 	990.00
REVIEWOF NOTES RE SECTION 9-406, 9-408, 8-103
AND DEFINITIONS RE: IBERIA MEMO 	CASE ADMINISTRATION
5/31/2011 LS 	0.40 	400.00 	160.00 REVIEW OF BILLING WITH AMG 	CASE ADMINISTRATION
5/31/2011 MEB 	0.70 	500.00 	350.00 REVIEW OF BBN REVISED MEMO RE: CENTURY LIEN CASE ADMINISTRATION
6/1/2011 AMG 	0.20 	550.00 	110.00 REVIEW E-MAIL (.2) 	CASE ADMINISTRATION
6/1/2011 BBN 	0.70 	325.00 	227.50 REVIEW OF ANDERSON DEBT 	CASE ADMINISTRATION
6/2/2011 BBN 	3.40 	325.00 	1,105.00
REVIEW OF DELAWARE TREATMENT OF LIENS IN
VIOLATION OF OPERATING AGREEMENT 	CASE ADMINISTRATION
6/2/2011 LS 	0.30 	400.00 	120.00 REVIEW OF PETITION BACKUP RE TAX ID NOS. 	CASE ADMINISTRATION
6/2/2011 LS 	0.10 	400.00 	40.00 REVIEW OF EMAILS RE BCD ADDRESS 	CASE ADMINISTRATION
6/2/2011 LS 	0.30 	400.00 	120.00 REVIEW OF MASTER SERVICE LIST 	CASE ADMINISTRATION
6/3/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF RADKE ORDER TO SHOW CAUSE AND
STIPULATION AND ORDER 	CASE ADMINISTRATION
6/3/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF NFA INTEREST PURCHASED FROM ML
PURSUANT TO A&R MIPA 	CASE ADMINISTRATION
6/3/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF TRANSFER AND EXCHANGE
AGREEMENT BETWEEN WEST END & NORTHLIGHT
W/RESPECT TO NFA FUNDING LLC 	CASE ADMINISTRATION
6/3/2011 BBN 	1.50 	325.00 	487.50
REVIEW OF NORTHLIGHT FOOD FRANCHISE FUND
LP OPERATING AGREEMENT 	CASE ADMINISTRATION
6/3/2011 HEF 	1.60 	400.00 	640.00
REVIEW DRAFT OF MEMO ADDRESSING SAME
FROM BRENDA NATARAJAN. (1.6) 	CASE ADMINISTRATION
6/6/2011 BBN 	0.60 	325.00 	195.00 REVIEW OF HEF MARKUP TO CENTURY MEMO 	CASE ADMINISTRATION
6/6/2011 BBN 	0.60 	325.00 	195.00
REVIEW OF NOTICE LETTERS FROM IBERABANK TO
WEMFF AND MERCURY 	CASE ADMINISTRATION
6/7/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF FTI PRELIMINARY REPORT 	CASE ADMINISTRATION
6/7/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF SUB CON MATERIAL 	CASE ADMINISTRATION
6/7/2011 BBN 	0.60 	325.00 	195.00 REVIEW OF MERCURY OPERATING AGREEMENT 	CASE ADMINISTRATION
6/7/2011 BBN 	1.80 	325.00 	585.00
REVIEW OF UCC SECTION 9-104, 9106, 9-312, 9-306
AND 9-304 	CASE ADMINISTRATION
6/7/2011 MEB 	0.40 	500.00 	200.00
REVIEW OF REVISED MEMO RE: CENTURY LIEN RE:
WEMFF 	CASE ADMINISTRATION
6/7/2011 MEB 	0.30 	500.00 	150.00
REVIEW OF ISSUES AND MEMO RE: CENTURY LIEN
RE: MERCURY 	CASE ADMINISTRATION
6/8/2011 BBN 	0.30 	325.00 	97.50
REVIEW OF JDD DISKS FOR DOC PRODUCTION
DISKS 	CASE ADMINISTRATION
6/8/2011 BBN 	0.60 	325.00 	195.00 REVIEW OF DOC PRODUCTIONS DISKS FOR WESTLB CASE ADMINISTRATION
6/9/2011 BBN 	0.30 	325.00 	97.50 REVIEW OF CD FOR WESTLB LOAN 	CASE ADMINISTRATION
6/10/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF FRED STEVENS LETTERS TO THE COURT
REGARDING SUB CON ADJOURNMENT REQUEST 	CASE ADMINISTRATION
6/13/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF EMAILS FROM NORTHLIGHT, SEC
REGARDING SUB CONSOLIDATION 	CASE ADMINISTRATION
6/13/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF FOGERTY LETTER 	CASE ADMINISTRATION
6/13/2011 FBR 	0.20 	475 	95.00 REVIEW OF PROPOSED RESPONSE TO GREENBERG CASE ADMINISTRATION
6/13/2011 LS 	0.10 	400.00 	40.00 REVIEW OF LP EMAILS 	CASE ADMINISTRATION
6/17/2011 LS 	0.20 	400.00 	80.00 REVIEW OF FILE RE OP REPORT BACKUP 	CASE ADMINISTRATION
6/20/2011 LS 	0.40 	400.00 	160.00 REVIEW OF OP REPORTS 	CASE ADMINISTRATION
6/20/2011 LS 	0.10 	400.00 	40.00 REVIEW OF BALANCE SHEET 	CASE ADMINISTRATION
6/20/2011 LS 	0.30 	400.00 	120.00 REVIEW OF EMAILS RE 2004 	CASE ADMINISTRATION
6/21/2011 BBN 	0.40 	325.00 	130.00 REVIEW OF IMEST END UCC FILE 	CASE ADMINISTRATION
6/21/2011 BBN 	0.70 	325.00 	227.50
REVIEW OF MEMO RE UCC FILINGS AGAINST WEST
END ENTITIES 	CASE ADMINISTRATION
6/21/2011 LS 	0.40 	400.00 	160.00 REVIEW OF ASSET SCHEDULES 	CASE ADMINISTRATION
6/22/2011 LS 	0.40 	400.00 	160.00 REVIEW OF CASH LIQUIDITY PET/MATRIX 	CASE ADMINISTRATION
6/22/2011 LS 	0.30 	400.00 	120.00
REVIEW OF SCHEDULES OF ASSETS RE LLC
INTERESTS; CHICAGO DIVERSIFIED NOTE 	CASE ADMINISTRATION
6/22/2011 LS 	0.20 	400.00 	80.00 REVIEW OF LIST OF AFFILIATED DEBTORS 	CASE ADMINISTRATION
6/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF TRANSCRIPT RE: EXAMINER 	CASE ADMINISTRATION
6/24/2011 BBN 	0.40 	325.00 	130.00 REVIEW OF NFA FUNDING II LLC ORG CHART 	CASE ADMINISTRATION
6/24/2011 BBN 	0.40 	325.00 	130.00 REVIEW OF NFA EQUIPMENT FUND ORG CHART 	CASE ADMINISTRATION
6/24/2011 BBN 	0.40 	325.00 	130.00 REVIEW OF MCC FUNDING ORG CHART 	CASE ADMINISTRATION
6/24/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF NOTES RE WEST END ORG. STRUCTURE
POST JANUARY 2010 TRANSACTION 	CASE ADMINISTRATION
6/27/2011 AJG 	0.60 	315.42 	189.25 REVIEWED CAPLEASE UCC'S (.6) 	CASE ADMINISTRATION
6/29/2011 LS 	0.10 	400.00 	40.00 REVIEW OF COMMITTEE CORRESP 	CASE ADMINISTRATION
7/4/2011 AJG 	2.10 	315.42 	662.37
REVIEW OF FTI REPORT WITH NOTES SENT TO
AMG.(2.1) 	CASE ADMINISTRATION
7/6/2011 LS 	0.50 	400.00 	200.00 REVIEW OF PETITION BACKUP 	CASE ADMINISTRATION
7/6/2011 LS 	0.30 	400.00 	120.00 REVIEW OF WEST END DIVIDENDS STRATEGY FILE 	CASE ADMINISTRATION
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Schedule A
6
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
7/6/2011 RRL 	1.10 	550.00 	605.00 REVIEW OF FIRST INTERIM REPORT OF 1M 	CASE ADMINISTRATION
7/8/2011 AMG 	1.40 	550.00 	770.00 REVIEW OF REVISED SUB CON REPORT 	CASE ADMINISTRATION
7/8/2011 RRL 	0.30 	550.00 	165.00 REVIEW ESCROW ACCOUNTS 	CASE ADMINISTRATION
7/11/2011 AMG 	1.20 	550.00 	660.00 REVIEW OF FTI REPORT AND EXHIBIT 	CASE ADMINISTRATION
7/11/2011 RRL 	0.80 	550.00 	440.00 REVIEW OF DRAFT FTI REPORT 	CASE ADMINISTRATION
7/12/2011 AJG 	0.80 	315.42 	252.33 REVIEW OF FTI MODEL (.8) 	CASE ADMINISTRATION
7/15/2011 LS 	0.50 	400.00 	200.00 REVIEW OF MERGED CREDITOR SCHEDULES 	CASE ADMINISTRATION
7/15/2011 LS 	0.50 	400.00 	200.00 REVIEW OF LP ACCT RECONCILIATIONS 	CASE ADMINISTRATION
7/19/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF REVISED FTI REPORT 	CASE ADMINISTRATION
7/19/2011 BBN 	0.40 	325.00 	130.00 REVIEW OF CENTURY FILE AND NOTES 	CASE ADMINISTRATION
7/19/2011 LS 	0.60 	400.00 	240.00
REVIEW OF SCHEDULES/LP ACCOUNT
RECONCILIATIONS 	CASE ADMINISTRATION
7/20/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF SUB CON (.3) 	CASE ADMINISTRATION
7/20/2011 LN 	1.50 	110.00 	165.00 REVIEW OF OPERATING REPORTS FOR JUNE 	CASE ADMINISTRATION
7/20/2011 LS 	0.20 	400.00 	80.00 REVIEW OF OP REPORT 	CASE ADMINISTRATION
7/20/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ASSET LIST FOR JUNE OP REPORTS 	CASE ADMINISTRATION
7/21/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF EMAILS TO COURT REGARDING
FOGERTY, BAUM 	CASE ADMINISTRATION
7/22/2011 LS 	0.30 	400.00 	120.00 REVIEW OF INVESTOR CORRESPONDENCE 	CASE ADMINISTRATION
7/22/2011 LS 	0.30 	400.00 	120.00 REVIEW OF HESLIN REVISIONS TO OP REPORTS 	CASE ADMINISTRATION
7/25/2011 LS 	0.40 	400.00 	160.00
REVIEW OF DOCKETS RE APPEARANCES; CLOSING
CASES 	CASE ADMINISTRATION
7/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CASE ASSOCIATIONS 	CASE ADMINISTRATION
7/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF OP REPORTS WITH AMG 	CASE ADMINISTRATION
7/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF IBERIA STIP RE SALE/DEED IN LIEU 	CASE ADMINISTRATION
7/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF ORIGINAL SCHEDULES AND ASSET LIST CASE ADMINISTRATION
7/26/2011 LS 	0.60 	400.00 	240.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
7/26/2011 LS 	0.20 	400.00 	80.00 REVIEW OF APPEARANCES & SERVICE LISTS 	CASE ADMINISTRATION
7/26/2011 RRL 	1.20 	550.00 	660.00 REVIEW OF SUBS CON SOL TRANSCRIPT 	CASE ADMINISTRATION
7/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ASSET LIST - REVISED 	CASE ADMINISTRATION
7/27/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF DOCS AND STATUTES ON MONITOR 	CASE ADMINISTRATION
7/28/2011 RRL 	0.40 	550.00 	220.00 REVIEW OF DIST COURT TRANSCRIPT 	CASE ADMINISTRATION
7/29/2011 HEF 	0.60 	400.00 	240.00 REVIEW OF RADS OFFERING DOCUMENTS (.6); 	CASE ADMINISTRATION
8/1/2011 BBN 	0.80 	325.00 	260.00 REVIEW OF UCC FILE 	CASE ADMINISTRATION
8/1/2011 LS 	0.60 	400.00 	240.00 REVIEW OF LP RECONCILIATION BINDERS 	CASE ADMINISTRATION
8/2/2011 HEF 	0.70 	400.00 	280.00 REVIEW OF KULISH DOCUMENTS (.7) 	CASE ADMINISTRATION
8/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF NOTES TO SCHEDULE REVISIONS 	CASE ADMINISTRATION
8/2/2011 LS 	0.40 	400.00 	160.00 REVIEW OF LP RECONCILIATIONS 	CASE ADMINISTRATION
8/3/2011 HEF 	4.80 	400.00 	1,920.00
REVIEW OF HEDGE ARRANGEMENTS (2.4); REVIEW
OF RELATED DZ BANK TRANSACTION DOCUMENTS
(2.4); 	CASE ADMINISTRATION
8/4/2011 HEF 	1.90 	400.00 	760.00
REVIEW OF DOCUMENTS AND REVIEW AND REVISE
DRAFT SWAPS PLAN PROVISION 	CASE ADMINISTRATION
8/5/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF E-MAIL RE CAPLEASE AND REVIEW
DOCUMENTS 	CASE ADMINISTRATION
8/5/2011 LS 	0.80 	400.00 	320.00
REVIEW OF REVISIONS TO SCHEDULES FROM WEST
END 	CASE ADMINISTRATION
8/5/2011 LS 	0.40 	400.00 	160.00 REVIEW OF UPDATES LPACCOUNT INFO 	CASE ADMINISTRATION
8/8/2011 HEF 	3.50 	400.00 	1,400.00
REVIEW NORTHLIGHT FUND LP AGREEMENTS (1.3);
REVIEW DELAWARE PARTNERSHIP STATUTES (2.2); CASE ADMINISTRATION
8/8/2011 LS 	0.30 	400.00 	120.00 REVIEW OF DOCKET 	CASE ADMINISTRATION
8/8/2011 LS 	0.40 	400.00 	160.00 REVIEW OF LP SPREADSHEET 	CASE ADMINISTRATION
8/9/2011 LS 	0.40 	400.00 	160.00 REVIEW OF UPDATED ACCOUNT RECONCILIATIONS CASE ADMINISTRATION
8/10/2011 AJG 	2.40 	315.42 	757.00 REVIEW OF SCHEDULES (2.4) 	CASE ADMINISTRATION
8/10/2011 LN 	0.80 	110.00 	88.00 REVIEW SCHEDULES AND SPREADSHEETS FOR LS. 	CASE ADMINISTRATION
8/10/2011 LS 	0.30 	400.00 	120.00
REVIEW OF W.E. REAL ESTATE SCHEDULES AND
AMENDMENT 	CASE ADMINISTRATION
8/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DOCKET 	CASE ADMINISTRATION
8/10/2011 LS 	0.10 	400.00 	40.00
REVIEW OF 3/15/11 STATEMENT OF ASSETS AND
LIABILITIES 	CASE ADMINISTRATION
8/10/2011 LS 	0.10 	400.00 	40.00
REVIEW OF JUNE 30, 2011 CONSOLIDATED ASSET &
LIABILITIES STATEMENT 	CASE ADMINISTRATION
8/10/2011 LS 	0.30 	400.00 	120.00 REVIEW OF ADDITIONAL REVISIONS TO SCHEDULES CASE ADMINISTRATION
8/11/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF BAR DOCS FROM LS 	CASE ADMINISTRATION
8/12/2011 RMS 	0.30 	400.00 	120.00
REVIEW OF BAR DOCS, SERVICE LIST AND SERVICE
COPY OF RADKE MOTION 	CASE ADMINISTRATION
8/12/2011 RMS 	0.30 	400.00 	120.00
REVIEW OF AOS FROM AG AND LISTS FOR SAME
AND FILING NOTICES 	CASE ADMINISTRATION
8/15/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SERVICE LIST 	CASE ADMINISTRATION
8/17/2011 LS 	0.50 	400.00 	200.00 REVIEW OF TRUST AGREEMENT 	CASE ADMINISTRATION
8/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF NEW NORTH LIGHT TERM SHEET 	CASE ADMINISTRATION
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Schedule A
7
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
8/22/2011 BBN 	2.50 	325.00 	812.50
REVIEW OF DZ 6/8/2008 CLOSING BINDER FOR ISDA
AGREEMENTS - NFA FUNDING LLC 	CASE ADMINISTRATION
8/22/2011 BBN 	2.40 	325.00 	780.00
REVIEW OF DZ 6/8/2008 CLOSING BINDER FOR ISDA
AGREEMENTS - NFA EQUIPMENT FUND I LP 	CASE ADMINISTRATION
8/22/2011 HEF 	2.30 	400.00 	920.00 REVIEW OF ALL DOCUMENTS(2.3) 	CASE ADMINISTRATION
8/22/2011 LN 	0.80 	110.00 	88.00 REVIEW OF SCHEDULES FOR JULY FOR LS. 	CASE ADMINISTRATION
8/23/2011 BBN 	1.30 	325.00 	422.50
REVIEW OF 2008 DZ BINDER FOR PRIOR WATERFALL
RE: WHERE CENTURY WOULD BE POSSIBLE PRIME
OF NORTHLIGHT 	CASE ADMINISTRATION
8/23/2011 HEF 	2.20 	400.00 	880.00
REVIEW OF EMAILS INCLUDING 04/11/11 EMAIL TO
BOB WOODS, 04/12/11 EMAIL TO MARC LOPRESTI,
05/08/11 EMAIL TO ROBERT LEINWAND (2.2); 	CASE ADMINISTRATION
8/23/2011 JDD 	0.60 	425.00 	255.00
REVIEW OF INSURANCE POLICY RE DISCLOSURE
STATEMENT AND FRAUD ISSUE 	CASE ADMINISTRATION
8/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF JULY OP REPORTS 	CASE ADMINISTRATION
8/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CONSOLIDATED ASSET LIST 	CASE ADMINISTRATION
8/24/2011 BBN 	1.20 	325.00 	390.00
REVIEW OF REQUEST RE CENTURY SECURITIES
PLEDGEAGREEMENT AND UCC 1 FILINGS AND
REVIEW FILES FOR MATERIALS 	CASE ADMINISTRATION
8/24/2011 BBN 	0.50 	325.00 	162.50
REVIEW OF HEF EMAILS RE DEC 2009 NORTHLIGHT
CLOSING BINDER 	CASE ADMINISTRATION
8/24/2011 LN 	0.30 	110.00 	33.00 REVIEWED DISCLOSURE STATEMENT FOR LS (.3). 	CASE ADMINISTRATION
8/24/2011 LS 	0.30 	400.00 	120.00 REVIEW OF HISTORY WITH AJG 	CASE ADMINISTRATION
8/25/2011 JDD 	1.50 	425.00 	637.50 REVIEW OF PROPOSED DISCLOSURE STATEMENT 	CASE ADMINISTRATION
8/25/2011 LS 	0.50 	400.00 	200.00 REVIEW OF OP REPORTS 	CASE ADMINISTRATION
8/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CONSOLIDATED ASSET LIST 	CASE ADMINISTRATION
8/26/2011 LS 	0.70 	400.00 	280.00 REVIEW OF PCEAWITH RRL 	CASE ADMINISTRATION
8/26/2011 LS 	0.40 	400.00 	160.00 REVIEW OF NOTES RE PCEA 	CASE ADMINISTRATION
8/29/2011 AMG 	1.50 	550.00 	825.00
REVIEW OF NORTHLIGHT REPORTS ON HARD
MONEY AND FRANCHISE FUNDS 	CASE ADMINISTRATION
8/30/2011 LS 	0.20 	400.00 	80.00
REVIEW OF MEMO RE IBERIA BANK/CENTURY BANK
LOANS 	CASE ADMINISTRATION
8/31/2011 LS 	0.20 	400.00 	80.00
REVIEW OF SPREADSHEET RE NET EQUITY INTEREST -
WONFF 	CASE ADMINISTRATION
8/31/2011 RMS 	0.10 	400.00 	40.00 REVIEW OF NOTES FROM LS TO AMG ON REPORTS CASE ADMINISTRATION
9/1/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PCEA 	CASE ADMINISTRATION
9/9/2011 RMS 	0.50 	400.00 	200.00
REVIEW OF DOCS REGARDING BUDGET AND D.S. BY
LISTS WITH LS TO PREPARE FOR SERVICE AND AOS
FROM LS 	CASE ADMINISTRATION
9/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF IRS NOTICES RE TAX RETURNS 	CASE ADMINISTRATION
9/13/2011 BBN 	0.60 	325.00 	195.00 REVIEW OF SYSTEM FOR MEMO RE WATERFALL 	CASE ADMINISTRATION
9/14/2011 LS 	0.30 	400.00 	120.00 REVIEW OF ASSET & LIABILITIES SCHEDULES 	CASE ADMINISTRATION
9/19/2011 HEF 	4.90 	400.00 	1,960.00
REVIEW OF WEST END MORTGAGE FINANCE FUND
LP AGREEMENT AND WEST END FIXED INCOME
PARTNERS LP AGREEMENT AND THREE (3)
NORTHLIGHT FUND LP AGREEMENTS (4.9); 	CASE ADMINISTRATION
9/19/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CONSOLIDATED SCHEDULES 	CASE ADMINISTRATION
9/19/2011 LS 	0.70 	400.00 	280.00 REVIEW OF PETITION BACKUP 	CASE ADMINISTRATION
9/19/2011 LS 	0.20 	400.00 	80.00 REVIEW OF 1007 AND ASSET/LIABILITIES SCHEDULE CASE ADMINISTRATION
9/19/2011 LS 	0.20 	400.00 	80.00
REVIEW OF UPDATED CONSOLIDATED SCHEDULE
OF ASSETS AND LIABILITIES 	CASE ADMINISTRATION
9/20/2011 BBN 	0.70 	325.00 	227.50
REVIEW OF EMAILS FOR A CROWDER/MERRILL
MIPA AND DOCUMENTS FOR DAYLIGHT REPORT
AND SUPPORTING SCHEDULES FOR REQUESTED
DOCUMENTS AND EMAIL 	CASE ADMINISTRATION
9/20/2011 LS 	0.20 	400.00 	80.00
REVIEW OF ASSET/LIABILITIES SCHEDULE FOR AUG
OP REPORT 	CASE ADMINISTRATION
9/20/2011 LS 	0.60 	400.00 	240.00 REVIEW OF JUNE AND JULY OP REPORTS 	CASE ADMINISTRATION
9/21/2011 BBN 	1.70 	325.00 	552.50 REVIEW OF HEF MEMO RE DZ WATERFALL 	CASE ADMINISTRATION
9/21/2011 BBN 	2.30 	325.00 	747.50
REVIEW OF CD OF DZ BANK JAN 2010 CLOSING FOR
DETAILS REQUIRED 	CASE ADMINISTRATION
9/21/2011 BBN 	1.20 	325.00 	390.00 REVIEWOF DZ FLOA WATERFALL LANGUAGE 	CASE ADMINISTRATION
9/21/2011 HEF 	1.30 	400.00 	520.00
REVIEW OF DRAFTS OF CONSENTS FOR WEST END
CAPITAL MANAGEMENT LLC; UC FAMILY LIMITED
PARTNERSHIP AND WEST END FINANCIAL
ADVISORS LLC (.8); REVIEW OF DRAFT OF OFFER OF
SETTLEMENT OF SENTINEL (.5) 	CASE ADMINISTRATION
9/21/2011 LS 	0.20 	400.00 	80.00 REVIEW OF AUG OP REPORT WITH AMG 	CASE ADMINISTRATION
9/21/2011 LS 	1.20 	400.00 	480.00 REVIEW OF IBENA STIP RE WHALER LANE PROPERTY CASE ADMINISTRATION
9/21/2011 LS 	0.40 	400.00 	160.00 REVIEW OF SCHEDULE OF ASSETS AND LIABILITIES CASE ADMINISTRATION
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Schedule A
8
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
9/21/2011 LS 	0.30 	400.00 	120.00 REVIEW OF OP REPORTS AND BACKUP 	CASE ADMINISTRATION
9/22/2011 BBN 	1.30 	325.00 	422.50 REVIEW OF ISSUE RE WATERFALL PAYMENT 	CASE ADMINISTRATION
9/22/2011 HEF 	2.40 	400.00 	960.00
REVIEW OF WEST LB CREDIT AGREEMENT (1.4) AND
FILES (1 .0). 	CASE ADMINISTRATION
9/23/2011 HEF 	1.40 	400.00 	560.00
REVIEW OF TRANSACTION DOCUMENTS (1.2) AND
EMAILS TO AND FROM MITCHELL GREENE AND
FRED RINGEL (.2); 	CASE ADMINISTRATION
9/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
9/26/2011 LS 	0.30 	400.00 	120.00 REVIEW OF PCEA 	CASE ADMINISTRATION
9/26/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RETURN MAIL 	CASE ADMINISTRATION
9/27/2011 HEF 	0.90 	400.00 	360.00
REVIEW OF FILE DOCUMENTS AND PROPOSED
SUBORDINATION AGREEMENT (.9); 	CASE ADMINISTRATION
9/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DOCKETS RE FILING DATES 	CASE ADMINISTRATION
9/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF E-FILING RULES RE SERVICE VIA EMAIL CASE ADMINISTRATION
9/28/2011 FBR 	0.20 	475 	95.00
REVIEW OF EMAILS FROM HESLIN REGARDING
REQUESTED CHANGES TO POST-CONFIRMATION
AGREEMENT (0.2); 	CASE ADMINISTRATION
9/28/2011 HEF 	1.40 	400.00 	560.00
REVIEW OF EXTENSION AND MODIFICATION
AGREEMENT (.4); REVIEW OF AMAGANSETT
GOVERNANCE DOCUMENTS (.8); AND EMAILS TO
AND FROM DON DEVITT (.2) 	CASE ADMINISTRATION
9/28/2011 HEF 	1.20 	400.00 	480.00
REVIEW OF W/E MORTGAGE OPPORTUNITY FUND
FILE DOCUMENTS (1.2); 	CASE ADMINISTRATION
9/28/2011 LS 	0.20 	400.00 	80.00 REVIEW OF PCEA 	CASE ADMINISTRATION
9/30/2011 HEF 	2.80 	400.00 	1,120.00
REVIEW OF DECEMBER 18, 2009 SECOND
AMENDMENT TO WESTLB CREDIT AGREEMENT (1
.0) AND 09/21/07 WESTLB CREDIT AGREEMENT
(1.8) 	CASE ADMINISTRATION
9/30/2011 HEF 	2.80 	400.00 	1,120.00
REVIEW OF NORTH LIGHT LP AGREEMENTS AND
LOAN AGREEMENT (2.8); 	CASE ADMINISTRATION
10/3/2011 FBR 	0.20 	475 	95.00
REVIEW OF FIORETTI CV--CANDIDATE FOR PA
POSITION FROM COMMITTEE 	CASE ADMINISTRATION
10/3/2011 FBR 	1.80 	475 	855.00
REVIEW OF SECOND AMENDED NOTE FOR REAL
ESTATE FUND TO PREPARE DISCUSSION OF
WATERFALL 	CASE ADMINISTRATION
10/3/2011 LS 	0.40 	400.00 	160.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
10/3/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ASSET LIST 	CASE ADMINISTRATION
10/3/2011 LS 	0.20 	400.00 	80.00 REVIEW OF AUG OP REPORT FOR ECF AND UST 	CASE ADMINISTRATION
10/4/2011 BBN 	1.20 	325.00 	390.00 REVIEW OF WEST LB PDF 	CASE ADMINISTRATION
10/5/2011 AJG 	1.50 	315.42 	473.12
REVIEW OF NUMBERS WITH AMG AND FBR FOR
PROJECTIONS ON DISCO STATEMENTS (1.2)
REVIEWED REORG VS LIQUIDATING OPTION WITH
FBR (1.3) 	CASE ADMINISTRATION
10/5/2011 BBN 	1.10 	325.00 	357.50
REVIEW OF ISDA MASTER HEDGE AGREEMENT AND
NOTE RE REQUIREMENTS FOR COMPLETE
AGREEMENT 	CASE ADMINISTRATION
10/5/2011 HEF 	2.80 	400.00 	1,120.00
REVIEW OF DOCUMENTS IN CONNECTION
THEREWITH (2.8) 	CASE ADMINISTRATION
10/6/2011 AJG 	2.20 	315.42 	693.91
REVIEW OF TREASURY REGULATIONS RE
LIQUIDATING TRUST AND 5 YR TIME LIMITS 	CASE ADMINISTRATION
10/6/2011 BBN 	1.80 	325.00 	585.00
REVIEW OF HEF DISCLOSURE STMT RE WEST LB
WATERFALL 	CASE ADMINISTRATION
10/6/2011 BBN 	2.60 	325.00 	845.00
REVIEW OF WEST LB 2007 CREDIT AND SECURITY
AGREEMENT FOR KEY TERMS OF LOAN 	CASE ADMINISTRATION
10/6/2011 BBN 	0.70 	325.00 	227.50
REVIEW OF NOTES RE WEST LB FACILITY AND
PARTIES 	CASE ADMINISTRATION
10/6/2011 BBN 	1.70 	325.00 	552.50
REVIEW OF WEST LB 2007 PURCHASE AGREEMENT
FOR TERMS OF MORTGAGE LOAN PURCHASE
BETWEEN MERCURY AND MCC 	CASE ADMINISTRATION
10/7/2011 BBN 	2.10 	325.00 	682.50
REVIEW OF SECOND AMENDMENT TO CREDIT
FACILITY 	CASE ADMINISTRATION
10/7/2011 HEF 	0.50 	400.00 	200.00 REVIEW OF REVISED DRAFT. (.5) 	CASE ADMINISTRATION
10/10/2011 BBN 	0.60 	325.00 	195.00
REVIEWOF DISCLOSURE STATEMENT CIRCULATED
RE HISTORY 	CASE ADMINISTRATION
10/10/2011 FBR 	1.10 	475 	522.50
REVIEW OF PA CANDIDATE RESUMES AND CV AND
TRANSMIT TO HESLIN 	CASE ADMINISTRATION
10/10/2011 HEF 	1.20 	400.00 	480.00
REVIEW DOCUMENTS PROVIDED BY KOUFFMAN
(.4); REVIEW OF AMAGANSETT REALTY GROUP, LLC
OPERATING AGREEMENT (.4); AND AMAGANSETT
REALTY HOLDINGS LLC OPERATING AGREEMENT
(.4) 	CASE ADMINISTRATION
10/10/2011 LS 	0.20 	400.00 	80.00
REVIEW OF 15 SOUTHWOOD COURT CONTRACT
AND RIDER 	CASE ADMINISTRATION
10/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF APPRAISERS 	CASE ADMINISTRATION
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Schedule A
9
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
10/11/2011 HEF 	1.40 	400.00 	560.00 REVIEW OF NORTHLiGHT LOAN & LPAGMTS (1.4) 	CASE ADMINISTRATION
10/11/2011 LS 	0.40 	400.00 	160.00
REVIEW OF SCHEDULES RE SOUTHWOOD COURT
OWNERSHIP; PARCELS AND MORTGAGES 	CASE ADMINISTRATION
10/11/2011 LS 	0.20 	400.00 	80.00 REVIEW OF TRUSTEE GUIDELINES RE FEE SCHEDULE CASE ADMINISTRATION
10/12/2011 AJG 	1.10 	315.42 	346.96
REVIEW OF WATERFALL SERVING REPORTS FOR
AMOUNT OF INTEREST NL HAS TAKEN OUT OVER
THE LAST 8 MONTHS RE PROJECTIONS (1.1) 	CASE ADMINISTRATION
10/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
10/13/2011 AJG 	4.30 	315.42 	1,356.29
REVIEW OF DUTY OF CARE DEL CASES CONCERNING
GP'S. (4.3) 	CASE ADMINISTRATION
10/14/2011 HEF 	1.20 	400.00 	480.00 REVIEW OF WESTLB LOAN DOCUMENTS (1.2). 	CASE ADMINISTRATION
10/14/2011 HEF 	1.30 	400.00 	520.00
REVIEW DZ BANK LOAN AND NORTHLIGHT LP
AGREEMENTS (1.3) 	CASE ADMINISTRATION
10/14/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SCHEDULES 	CASE ADMINISTRATION
10/14/2011 LS 	0.20 	400.00 	80.00
REVIEW OF LP SPREADSHEET RE CONTACT
INFORMATION 	CASE ADMINISTRATION
10/14/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SOUTHWOOD COURT APPRAISALS 	CASE ADMINISTRATION
10/17/2011 AJG 	1.30 	315.42 	410.04 REVIEW OF NL LEGAL BILLS 	CASE ADMINISTRATION
10/17/2011 BBN 	2.40 	325.00 	780.00
REVIEW OF DZ BANK CONFIRMATION FOR HEDGE
AGREEMENTS AND REVIEW NOTES ON ISDA
MASTER AGREEMENT TERMS WITH RESPECT TO
NEW YORK AND LONDON TERMS 	CASE ADMINISTRATION
10/17/2011 FBR 	0.20 	475 	95.00 REVIEW OF PROPOSALS FOR PA INCENTIVES (0.2); CASE ADMINISTRATION
10/18/2011 BBN 	0.30 	325.00 	97.50
REVIEW OF RESPONSE RE REQUEST FOR REFERENCE
NUMBER LIST AND UNDERLYING LOAN 	CASE ADMINISTRATION
10/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ASSIGNMENT TO WESOP 	CASE ADMINISTRATION
10/18/2011 LS 	0.10 	400.00 	40.00 REVIEW OF WESOP SCHEDULES 	CASE ADMINISTRATION
10/19/2011 BBN 	0.50 	325.00 	162.50
REVIEW OF NOTES ON WESTLB FACILITY FROM FILE
RE DISCO 	CASE ADMINISTRATION
10/19/2011 BBN 	1.70 	325.00 	552.50
REVIEW OF FIRST AMENDMENT AND DRAFT NOTES
RE KEY POINTS RE DISCO 	CASE ADMINISTRATION
10/19/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF DISCLOSURE STATEMENT AND
HIGHLIGHT REFERENCES TO MISSING FIRST
AMENDMENT 	CASE ADMINISTRATION
10/19/2011 HEF 	0.40 	400.00 	160.00
REVIEW OF FIRST AMENDMENT TO WESTLB CREDIT
AGREEMENT AND CONFERENCE WITH BRENDA
NATARAJAN (.4 	CASE ADMINISTRATION
10/19/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS FILED AND LETTERS TO COURT CASE ADMINISTRATION
10/20/2011 BBN 	0.80 	325.00 	260.00
REVIEW OF FIRST AND SECOND AMENDMENT FOR
POSSIBLE EXPLANATION OF INCONSISTENCIES RE
WEST LB 	CASE ADMINISTRATION
10/20/2011 BBN 	0.30 	325.00 	97.50
REVIEW DRAFT AND REDLINE OF WEST LB
DISCLOSURE STATEMENT 	CASE ADMINISTRATION
10/20/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SERVICE LIST & UPDATED ADDRESSES 	CASE ADMINISTRATION
10/21/2011 HEF 	0.20 	400.00 	80.00
REVIEW OF NEW DRAFT OF WESTLB WATERFALL
SUMMARY FROM BRENDA NATARAJAN. 	CASE ADMINISTRATION
10/24/2011 AJG 	3.00 	315.42 	946.25
REVIEW OF N/L LEGAL BILLS FOR REASONABLENESS
(1.9); REVIEW OF LOPRESTI POST PETITION BILLS
FOR REASONABLENESS(1.1 ) 	CASE ADMINISTRATION
10/24/2011 FBR 	0.30 	475 	142.50
REVIEW OF SIX MONTH POST CONFIRMATION
BUDGET REQUESTED BY NORTHLIGHT 	CASE ADMINISTRATION
10/26/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF SEC DECISION ON GOULD 	CASE ADMINISTRATION
10/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RELEASE WITH HEF 	CASE ADMINISTRATION
10/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SIGNATURES FOR RELEASE WITH HEF 	CASE ADMINISTRATION
10/27/2011 LS 	0.60 	400.00 	240.00 REVIEW OF SEPTEMBER OPERATING REPORT 	CASE ADMINISTRATION
10/27/2011 LS 	0.20 	400.00 	80.00
REVIEW OF REVISED SEPTEMBER OPERATING
REPORT 	CASE ADMINISTRATION
10/27/2011 LS 	0.30 	400.00 	120.00
REVIEW OF WEFA & WESOP SCHEDULES RE
SOUTHWOOD COURT, LLC INT & MORTGAGE 	CASE ADMINISTRATION
10/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DISCO RE SW COURT MORTGAGE 	CASE ADMINISTRATION
10/28/2011 HEF 	0.40 	400.00 	160.00 REVIEW OF SOUTHWOOD COURT RELEASE 	CASE ADMINISTRATION
10/31/2011 LS 	0.20 	400.00 	80.00
REVIEW OF HESLIN EXECUTION PAGES ON
STIPIRELEASE 	CASE ADMINISTRATION
11/1/2011 HEF 	1.30 	400.00 	520.00
REVIEW OF AUGUST 19, 2010 SUBORDINATION
AGREEMENT AND RELATED DOCUMENTS (1.0);
REVIEW OF DECEMBER 1, 2005 ASSIGNMENT (.3); 	CASE ADMINISTRATION
11/1/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SUBORDINATION AGT 	CASE ADMINISTRATION
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Schedule A
10
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
11/7/2011 AJG 	1.10 	315.42 	346.96 REVIEWED NEW CASH COLLATERAL STIP FROM N/L. CASE ADMINISTRATION
11/8/2011 RRL 	0.40 	550.00 	220.00 REVIEW OF COURT TRANSCRIPT RE 11/8 HEARING CASE ADMINISTRATION
11/15/2011 RRL 	0.50 	550.00 	275.00
REVIEW OF ALLOCUTION OF ISRAEL AND MADOFF
RE: MEETING WITH LANDBERG'S LAWYER 	CASE ADMINISTRATION
11/18/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF LANDBERG PLEA 	CASE ADMINISTRATION
11/18/2011 AJG 	0.60 	315.42 	189.25 REVIEW OF LANDBERG PLEA 	CASE ADMINISTRATION
11/21/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF LANDBERG PLEA 	CASE ADMINISTRATION
11/21/2011 AJG 	0.60 	315.42 	189.25
REVIEWED THE CRANDEL SETTLEMENT WITH THE
SEC,(.6) 	CASE ADMINISTRATION
11/22/2011 LS 	0.20 	400.00 	80.00 REVIEW OF OCTOBER OPERATING REPORT 	CASE ADMINISTRATION
11/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CALENDAR 	CASE ADMINISTRATION
11/29/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF TRANSCRIPT OF SEC SETTLEMENT WITH
LANDBERG (.8); 	CASE ADMINISTRATION
11/29/2011 AJG 	0.80 	315.42 	252.33
REVIEW OF KRAMER'S DEAL WITH THE SEC RE
INSURANCE AND HIS RIGHT TO THE POLICY. (.8) 	CASE ADMINISTRATION
11/30/2011 AJG 	2.80 	315.42 	883.16
REVIEW OF DOCS WITH CLIENT TO EXPLAIN ALL
CHANGES AND MADE HIS LAST EDITS (2.8) 	CASE ADMINISTRATION
12/1/2011 LS 	0.10 	400.00 	40.00
REVIEW OF NOTICE OF ADJOURNMENT OF KRAMER
STAY MOTION 	CASE ADMINISTRATION
12/1/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULING ORDER 	CASE ADMINISTRATION
12/1/2011 LS 	0.30 	400.00 	120.00 REVIEW OF OCTOBER OPERATING REPORT 	CASE ADMINISTRATION
12/1/2011 LS 	0.10 	400.00 	40.00
REVIEW OF SEPT OP REPORT TO COMPARE WITH
OCTOBER 	CASE ADMINISTRATION
12/5/2011 AJG 	2.40 	315.42 	757.00
REVIEW OF DEFAULTS OF LOANS IN FRANCHISE
FUND. REVIEW OF LOAN AGREEMENTS (2.4) 	CASE ADMINISTRATION
12/9/2011 AMG 	1.00 	550.00 	550.00
REVIEW OF LETTER TO PROSECUTOR FROM RAY
AND MOORE REVISIONS 	CASE ADMINISTRATION
12/16/2011 AMG 	0.20 	550.00 	110.00
REVIEW OF EMAIL TO RAY AND NORTH LIGHT
REGARDING DEFAULT 	CASE ADMINISTRATION
12/16/2011 AJG 	1.30 	315.42 	410.04 REVIEW OF DZ LOAN AGREEMENT (1.3) 	CASE ADMINISTRATION
12/20/2011 HEF 	0.40 	400.00 	160.00
REVIEW OF IVYWOOD LLC AGREEMENT FOR SALE
OF MEMBERSHIP AGREEMENT 	CASE ADMINISTRATION
12/22/2011 AJG 	1.00 	315.42 	315.42 REVIEW OF NORTHLIGHT LOAN DOCS (1.0) 	CASE ADMINISTRATION
12/22/2011 HEF 	1.00 	400.00 	400.00
REVIEW OF DECEMBER 18, 2009 LOAN AGREEMENT
AND ALLONGE, WITH NORTHLIGHT 	CASE ADMINISTRATION
12/22/2011 HEF 	0.90 	400.00 	360.00 REVIEW OF DRAFT OF NOTE. WITH NORTH LIGHT 	CASE ADMINISTRATION
12/22/2011 LS 	0.30 	400.00 	120.00
REVIEW OF SCHEDULES AND INVESTOR CREDITORS
SCHEDULES 	CASE ADMINISTRATION
12/27/2011 AJG 	2.80 	315.42 	883.16
REVIEW OF LOAN DOCS RELATED TO UNDERSTAND
THE DEFAULTS NFA 	CASE ADMINISTRATION
12/28/2011 LS 	0.10 	400.00 	40.00 REVIEW OF RETURN MAIL 	CASE ADMINISTRATION
1/3/2012 HEF 	0.30 	400.00 	120.00
REVIEW VRP PURCHASE AGREEMENT REGARDING
PASS THROUGH OF SWAP PAYMENTS RE NORTH
LIGHT LOAN 	CASE ADMINISTRATION
1/4/2012 AMG 	0.30 	550.00 	165.00 REVIEW OF RADKE CLAIM 	CASE ADMINISTRATION
1/4/2012 LS 	0.20 	400.00 	80.00 REVIEW OF ADMIN WAIVER WITH AMG 	CASE ADMINISTRATION
1/4/2012 LS 	0.10 	400.00 	40.00 REVIEW OF EMAIL RE FTI FEES AND EXPENSES 	CASE ADMINISTRATION
1/5/2012 BBN 	1.20 	325.00 	390.00
REVIEW OF NOTES AND DIAGRAMS RE LIMITED
RECOURSE FUNDS AND STRUCTURE OF DZ DEAL 	CASE ADMINISTRATION
1/5/2012 LS 	0.30 	400.00 	120.00 REVIEW OF SALE MOTION 	CASE ADMINISTRATION
1/5/2012 LS 	0.40 	400.00 	160.00 REVIEW OF EXHIBITS TO SALE MOTION 	CASE ADMINISTRATION
1/6/2012 AJG 	1.60 	315.42 	504.66 REVIEW OF RADKE FEE APPLICATION (1.6) 	CASE ADMINISTRATION
1/6/2012 HEF 	1.40 	400.00 	560.00
REVIEW OF REVISED DRAFT OF FIRST AMENDMENT
TO THIRD AMENDED AND RESTATED FLOA. 	CASE ADMINISTRATION
1/6/2012 HEF 	0.50 	400.00 	200.00
REVIEW NFA ACTION PLAN DATED NOVEMBER 30,
2011 AND UPDATED AS OF DECEMBER 21, 2011
REGARDING JRG, GILLETTE, H&B AND STEWART
BROTHERS FRANCHISE LOANS AND PROPOSED
COLLECTION PLANS IN RESPECT THEREOF. 	CASE ADMINISTRATION
1/6/2012 HEF 	3.40 	400.00 	1,360.00
REVIEW OF JUNE 11,2010 THIRD AMENDED AND
RESTATED FRANCHISE LOAN AGREEMENT TO
DETERMINE IF ANY MECHANISM ALLOWS FOR
DEFAULTED FRANCHISE LOANS TO BE RETURNED
TO "ELIGIBLE LOAN" STATUS, LENDER OBLIGATIONS
RESPECTING THE DECLARATION OF A DEFAULT AND
ANY OTHER POTENTIAL RESPONSIVE ACTIONS TO
MOST RECENT DECLARATION OF DEFAULT BY DZ
BANK. 	CASE ADMINISTRATION
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Schedule A
11
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
1/6/2012 RMS 	0.20 	400.00 	80.00 REVIEW OF AOS FOR AMG REGARDING HEARINGS CASE ADMINISTRATION
1/8/2012 HEF 	3.00 	400.00 	1,200.00
REVIEW REVISED DRAFT OF LOAN AGREEMENT
FROM KASOWITZ BENSON FIRM 	CASE ADMINISTRATION
1/9/2012 AMG 	1.20 	550.00 	660.00 REVIEW OF NORTH LIGHT DOCUMENTS 	CASE ADMINISTRATION
1/9/2012 HEF 	1.10 	400.00 	440.00
REVIEW OF REVISED DRAFT OF NEW NORTH LIGHT
PLEDGE AGREEMENT FROM KASOWITZ BENSON
LAW FIRM. 	CASE ADMINISTRATION
1/10/2012 AJG 	2.20 	315.42 	693.91
REVIEW OF RECENT CASE LAW RE INSURANCE
SETILEMENT E.G 11 CIRCUIT RULING(.6); AND
BRIEFS (1.6) RELATION BACK RE SENTINEL
INSURANCE POLICY 	CASE ADMINISTRATION
1/10/2012 HEF 	0.40 	400.00 	160.00
REVIEW OF EMAILS FROM ADAM GREENE RE IBERIA
(.2); AND JOHN BOUGIAMAS RE IBERIA (.2) 	CASE ADMINISTRATION
1/10/2012 HEF 	2.40 	400.00 	960.00
REVIEW JANUARY 26, 2010 SERVICING AGREEMENT
FOR RESPONSIVE ACTIONS TO DZ CLAIM OF
DEFAULTED FRANCHISE LOANS. 	CASE ADMINISTRATION
1/10/2012 HEF 	2.20 	400.00 	880.00
REVIEW EXHIBIT E- POST-CONFIRMATION ESTATE
AGREEMENT IN CONNECTION WITH NEW IBERIA
BANK LOAN DOCUMENTS. 	CASE ADMINISTRATION
1/11/2012 AJG 	2.10 	315.42 	662.37
REVIEW OF NL SERVICING REPORT FOR LATEST
UPDATE RE FRANCHISE DEFAULTS (1.8) REVIEW OF
PROJECTIONS RE FRANCHISE FUND IN PLAN
SUPPLEMENT IN LIGHT OF DEFAULTS (.3) 	CASE ADMINISTRATION
1/11/2012 HEF 	0.70 	400.00 	280.00
REVIEW OF DRAFT OF SCHEDULE 3.1 (A) TO LOAN
AND SECURITY AGREEMENT FROM KASOWITZ
BENSON 	CASE ADMINISTRATION
1/11/2012 HEF 	1.60 	400.00 	640.00
REVIEW OF JUNE 2008 NATIONAL FRANCHISE
ACCEPTANCE, LLC SERVICING GUIDELINES FOR
PROSPECTIVE CLAIMS AGAINST NFA REGARDING
NEW DEFAULT LOANS. 	CASE ADMINISTRATION
1/12/2012 HEF 	1.60 	400.00 	640.00
REVIEW OTTERBOURG DRAFT OF IBERIA BANK
PLEDGE AGREEMENT 	CASE ADMINISTRATION
1/13/2012 AMG 	0.40 	550.00 	220.00 REVIEW OF SEC LETTER REGARDING GOULD SUIT 	CASE ADMINISTRATION
1/13/2012 AMG 	0.50 	550.00 	275.00 REVIEW OF BALLOTS 	CASE ADMINISTRATION
1/13/2012 BBN 	1.00 	325.00 	325.00
REVIEW OF DZ BANK 1/2010 CLOSING BINDER FOR
SERVICING GUIDELINES 	CASE ADMINISTRATION
1/13/2012 BBN 	1.20 	325.00 	390.00
REVIEW OF DZ BANK 6/2008 CLOSING BINDER FOR
SERVICING GUIDELINES 	CASE ADMINISTRATION
1/13/2012 HEF 	0.20 	400.00 	80.00
REVIEW OF SECTION 2.2(B) OF IBERIA LOAN
AGREEMENT (0.2) 	CASE ADMINISTRATION
1/16/2012 AMG 	0.80 	550.00 	440.00 REVIEW OF HESLIN PROFER 	CASE ADMINISTRATION
1/16/2012 HEF 	2.40 	400.00 	960.00
REVIEW REVISED DRAFT OF NEW IBERIA BANK
LOAN AGREEMENT FROM IBERIA'S COUNSEL. 	CASE ADMINISTRATION
1/17/2012 BBN 	0.20 	325.00 	65.00
REVIEW LOAN SERVICING GUIDELINES IN DZ BANK
2008 BINDER RE: NFA DEFAULTS 	CASE ADMINISTRATION
1/17/2012 BBN 	0.70 	325.00 	227.50
REVIEW OF DZ BANK 2008 BINDER FOR SERVICING
GUIDELINES FOR NFA AND NFA II LOANS 	CASE ADMINISTRATION
1/17/2012 HEF 	1.60 	400.00 	640.00
REVIEW NORTH LIGHT COMMENTS TO NEW IBERIA
LOAN DOCUMENTS AND INTER-CREDITOR
PROVISIONS. 	CASE ADMINISTRATION
1/18/2012 HEF 	1.00 	400.00 	400.00
REVIEW OF REVISED DRAFT OF IBERIA LOAN
AGREEMENT FROM IBERIA'S COUNSEL (1.0); 	CASE ADMINISTRATION
1/18/2012 HEF 	0.80 	400.00 	320.00
REVIEW OF REVISED DRAFT OF IBERIA PLEDGE
AGREEMENT FROM IBERIA'S COUNSEL 	CASE ADMINISTRATION
1/18/2012 HEF 	0.50 	400.00 	200.00
REVIEW OF REVISED IBERIA PROMISSORY NOTE
[0.5] 	CASE ADMINISTRATION
1/18/2012 HEF 	0.40 	400.00 	160.00
REVIEW OF SECOND REVISED DRAFT OF IBERIA
LOAN AGREEMENT FROM MATT MILLER. 	CASE ADMINISTRATION
1/20/2012 AJG 	0.80 	315.42 	252.33 REVIEW TURN OF IBERIA LOAN DOC SENT BY IBERIA CASE ADMINISTRATION
1/20/2012 HEF 	0.30 	400.00 	120.00
REVIEW OF NORTH LIGHT COMMENTS TO LOAN
DOCUMENTS 	CASE ADMINISTRATION
1/20/2012 HEF 	0.80 	400.00 	320.00
REVIEW OF REVISED CAPLEASE CREDIT AND
SECURITY AGREEMENT 	CASE ADMINISTRATION
1/23/2012 AJG 	1.20 	315.42 	378.50 REVIEW OF MARK UP OF IBERIA LOAN DOCS(1.2) 	CASE ADMINISTRATION
1/23/2012 HEF 	1.00 	400.00 	400.00
REVIEW REVISED DRAFT OF NEW IBERIA PLEDGE
AGREEMENT 	CASE ADMINISTRATION
1/23/2012 HEF 	1.60 	400.00 	640.00
REVIEW REVISED DRAFT OF NEW IBERIA LOAN
AGREEMENT 	CASE ADMINISTRATION
1/23/2012 LS 	0.20 	400.00 	80.00 REVIEW OF WUPAC CORRESPONDENCE 	CASE ADMINISTRATION
1/23/2012 LS 	0.30 	400.00 	120.00 REVIEW OF DOCKET 	CASE ADMINISTRATION
1/23/2012 LS 	0.60 	400.00 	240.00 REVIEW OF NOV AND DEC OP REPORTS 	CASE ADMINISTRATION
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Schedule A
12
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
1/24/2012 HEF 	2.40 	400.00 	960.00
REVIEW FRANCHISE LOAN SERVICING GUIDELINES
REGARDING PROSPECTIVE CLAIM VS NATIONAL
FRANCHISE ACCEPTANCE, LLC 	CASE ADMINISTRATION
1/24/2012 KS 	0.50 	201.35 	100.68
REVIEW MORS, REVISE, DISCUSS WITH LS AND
HAVE HESLIN EXECUTE 	CASE ADMINISTRATION
1/24/2012 LS 	0.20 	400.00 	80.00 REVIEW OF UST INVOICES 	CASE ADMINISTRATION
1/24/2012 LS 	0.30 	400.00 	120.00 REVIEW OF DOCKETS AND CASE CLOSING FLAGS 	CASE ADMINISTRATION
1/25/2012 HEF 	1.00 	400.00 	400.00
REVIEW REVISED DRAFT OF IBERIA LOAN
AGREEMENT. 	CASE ADMINISTRATION
1/25/2012 HEF 	0.70 	400.00 	280.00
REVIEW REVISED DRAFT OF IBERIA PLEDGE
AGREEMENT. 	CASE ADMINISTRATION
1/25/2012 HEF 	0.50 	400.00 	200.00
REVIEW REVISED DRAFT OF IBERIA PROMISSORY
NOTE. 	CASE ADMINISTRATION
4/29/2011 KS 	0.50 	201.35 	100.68
REVIEW MOTION FOR SUBSTANTIVE
CONSOLIDATION RE ISSUES WITH NON DEBTOR
ENTITES (.5) 	CLAIMS ADMINISTRATION AND OBJECTIONS
5/19/2011 AMG 	1.00 	550.00 	550.00 REVIEW OF IBERIA DISPUTED CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
6/1/2011 AMG 	0.20 	550.00 	110.00
REVIEW OF RELIEF FROM STAY STIPULATION
REGARDING IBERIA 	CLAIMS ADMINISTRATION AND OBJECTIONS
6/1/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF MEMO REGARDING IBERIA, UCC AND
AVOIDANCE OF CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
6/1/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLASS ACTION CORRESP/CLAIM NOTICE CLAIMS ADMINISTRATION AND OBJECTIONS
6/8/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF IBERIA/CENTURY BACK UP REGARDING
VOID SECURITY INTEREST AND EQUITABLE
SUBORDINATION 	CLAIMS ADMINISTRATION AND OBJECTIONS
7/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BAR DATE ORDER & NOTICE 	CLAIMS ADMINISTRATION AND OBJECTIONS
7/25/2011 LS 	0.40 	400.00 	160.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
7/27/2011 LS 	0.10 	400.00 	40.00 REVIEW OF BAR DATE MOTION 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/3/2011 LS 	0.60 	400.00 	240.00 REVIEW OF CLAIMS/CLAIMS NOTICE 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/8/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF CAPLEASE SECURED CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/8/2011 LS 	0.80 	400.00 	320.00 REVIEW OF CLAIMS REGISTERS AND CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/10/2011 LS 	0.40 	400.00 	160.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/11/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS WITH LN 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/29/2011 AMG 	1.20 	550.00 	660.00
REVIEW OF CENTURY LOAN FILES AND
DOCUMENTS REGARDING CENTURYIIBERIA
DISPUTED CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/29/2011 RRL 	0.40 	550.00 	220.00 REVIEW OF IBERIA CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/30/2011 AMG 	1.60 	550.00 	880.00
REVIEW OF TRUST AGREEMENT (.4); PLAN (.3) AND
DISCO (.9) 	CLAIMS ADMINISTRATION AND OBJECTIONS
8/31/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF COMPUTATIONS (.3) 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/6/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF JANIS EMAIL AND CENTURY CLAIM (.5) CLAIMS ADMINISTRATION AND OBJECTIONS
9/6/2011 FBR 	3.00 	475 	1,425.00
REVIEW OF LOAN DOCUMENTATION RELATIVE TO
PROPOSED SETTLEMENT OF CLAIM OF IBERIA BANK
(3.0); 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/7/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BAR DATE NOTICE REVISIONS 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/7/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DOCKET RE BAR DATE 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/7/2011 LS 	0.50 	400.00 	200.00 REVIEW OF FILED CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/9/2011 LS 	0.40 	400.00 	160.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/9/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DECISIONS RE DISTRIBUTION 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS REGISTER 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/15/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF CLAIMS REPORT 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/15/2011 LS 	0.30 	400.00 	120.00
REVIEW OF BAR DATE MOTION RETURN MAIL AND
MASTER SERVICE LIST 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/15/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/20/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/27/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF RAKOFF DECISION 	CLAIMS ADMINISTRATION AND OBJECTIONS
9/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/3/2011 AMG 	0.60 	550.00 	330.00
REVIEW MORTGAGE NOTE AND ASSIGNMENT
REGARDING SOUTHWOOD (.6) 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/4/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS WITH CL 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/5/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SCHEDULES RE DATAMINING CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/7/2011 LS 	0.40 	400.00 	160.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/10/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/12/2011 AMG 	1.30 	550.00 	715.00
REVIEW OF NORTH LIGHT PROOF OF CLAIM AND
BACK UP 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/12/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/13/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF PROOFS OF CLAIM OF GOLDSTEIN,
LANDBERG AND CRANDLE 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/14/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF CLAIMS OF IBERIA AND NORTH LIGHT 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/14/2011 LS 	0.90 	400.00 	360.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
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13
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
10/14/2011 RRL 	0.50 	550.00 	275.00
REVIEWED PROOFS OF CLAIM FILED BY: HOFFMAN,
MOORE, VENTURE RESTAURANT, HESLIN, BASILE
2X, PORTER, CHRONICLES TRUST, BEY, KURZMAN,
KAPLAN, SIEGEL, CONTE 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/17/2011 LS 	0.60 	400.00 	240.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/19/2011 LS 	0.20 	400.00 	80.00
REVIEW OF SCHEDULES FOR CLAIMS ANALYSIS
PREP 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/19/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CLAIMS 	CLAIMS ADMINISTRATION AND OBJECTIONS
10/21/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF PROJECTIONS FOR IBERIA SETTLEMENT CLAIMS ADMINISTRATION AND OBJECTIONS
10/27/2011 LS 	0.10 	400.00 	40.00 REVIEW OF NYC PROOF OF CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
11/14/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF IBERIA SETTLEMENT 	CLAIMS ADMINISTRATION AND OBJECTIONS
11/14/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF IBERIA SETTLEMENT LETTER 	CLAIMS ADMINISTRATION AND OBJECTIONS
11/15/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF EMAIL FOR IBERIA REGARDING
SETTLEMENT 	CLAIMS ADMINISTRATION AND OBJECTIONS
11/21/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF INSURANCE SETTLEMENT CASE SENT BY
INSURANCE COMPANY 	CLAIMS ADMINISTRATION AND OBJECTIONS
11/29/2011 AMG 	0.60 	550.00 	330.00 REVIEW SEC SETTLEMENT WITH KRAMER (.6) 	CLAIMS ADMINISTRATION AND OBJECTIONS
12/7/2011 LS 	0.10 	400.00 	40.00 REVIEW OF CONSENT FORM - ADMIN RE WAIVER 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/5/2012 AMG 	0.60 	550.00 	330.00 REVIEW OF INSURANCE CLAIM 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/5/2012 LS 	0.20 	400.00 	80.00 REVIEW OF RADKE POC 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/9/2012 HEF 	1.80 	400.00 	720.00
REVIEW NEW DRAFTS OF LOAN AGREEMENT AND
PLEDGE AGREEMENT FROM KASOWITZ BENSON. 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/10/2012 LS 	0.40 	400.00 	160.00 REVIEW OF BALLOTS 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/13/2012 AMG 	0.70 	550.00 	385.00 REVIEW OF RADKE OBJECTIONS 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/13/2012 AJG 	1.60 	315.42 	504.66
REVIEW OF ARENT FOX FEE APP(1.2); REVIEW OF
UST GUIDELINES RE HOTEL STAYS (.2) AND TRAVEL
(.2) 	CLAIMS ADMINISTRATION AND OBJECTIONS
1/24/2012 KS 	1.00 	201.35 	201.35 REVIEW FTI FEE APPLICATION 	CLAIMS ADMINISTRATION AND OBJECTIONS
3/4/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RETENTION DOCS RE: RB. 	FEE/EMPLOYMENT APPLICATIONS
4/6/2011 LS 	0.30 	400.00 	120.00
REVIEW OF STIPULATION RE 1M FOR PREP OF
RETENTION APP 	FEE/EMPLOYMENT APPLICATIONS
4/8/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF RETENTION PAPERS 	FEE/EMPLOYMENT APPLICATIONS
5/13/2011 FBR 	2.50 	475 	1,187.50
REVIEW OF TRIAL TRANSCRIPTS RE RADKE
TESTIMONY AND RELATED ITEMS FOR OPPOSITION
TO UST RETENTION OBJECTION 	FEE/EMPLOYMENT APPLICATIONS
5/23/2011 FBR 	0.50 	475 	237.50
REVIEW OF ENRON CASE TO PREP FOR HEARING ON
RETENTION (0.5) 	FEE/EMPLOYMENT APPLICATIONS
5/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF UST RETENTION OBJECTION 	FEE/EMPLOYMENT APPLICATIONS
5/26/2011 LS 	0.10 	400.00 	40.00 REVIEW OF COMMITTEE COUNSEL RETENTION 	FEE/EMPLOYMENT APPLICATIONS
5/27/2011 LS 	0.30 	400.00 	120.00
REVIEW OF CORRESPONDENCE TO 5MB RE
RETENTION 	FEE/EMPLOYMENT APPLICATIONS
6/16/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF REVISED RETENTION ORDER (.2) 	FEE/EMPLOYMENT APPLICATIONS
6/17/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF UST EMAIL REGARDING EXAMINER 	FEE/EMPLOYMENT APPLICATIONS
6/17/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RETENTION ORDER 	FEE/EMPLOYMENT APPLICATIONS
12/20/2011 LS 	0.50 	400.00 	200.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
12/23/2011 LS 	0.30 	400.00 	120.00 REVIEW OF FEE APP 	FEE/EMPLOYMENT APPLICATIONS
12/23/2011 LS 	0.60 	400.00 	240.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/3/2012 LS 	2.30 	400.00 	920.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/4/2012 LS 	2.40 	400.00 	960.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/5/2012 LS 	0.20 	400.00 	80.00 REVIEW OF RADKE RETENTION 	FEE/EMPLOYMENT APPLICATIONS
1/6/2012 LS 	0.20 	400.00 	80.00 REVIEW OF ARENT FOX FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/6/2012 RRL 	1.80 	550.00 	990.00
REVIEW ARENT FOX FEE APP. (1.1); REVIEW FTI FEE
APP (.7) 	FEE/EMPLOYMENT APPLICATIONS
1/9/2012 LS 	0.20 	400.00 	80.00 REVIEW OF FEE APP BACKUP 	FEE/EMPLOYMENT APPLICATIONS
1/9/2012 LS 	4.00 	400.00 	1,600.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/10/2012 LS 	2.50 	400.00 	1,000.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/10/2012 LS 	0.10 	400.00 	40.00
REVIEW OF TOGUT FEE APP MOTION SHORTENING
TIME 	FEE/EMPLOYMENT APPLICATIONS
1/10/2012 RMS 	0.20 	400.00 	80.00 REVIEW OF NOTICE OF FEE RATE CHANGES 	FEE/EMPLOYMENT APPLICATIONS
1/11/2012 KS 	0.80 	201.35 	161.08
REVIEW HEARING TRANSCRIPT AND DISCUSS WITH
RRL 	FEE/EMPLOYMENT APPLICATIONS
1/11/2012 LS 	3.80 	400.00 	1,520.00 REVIEW OF BILLING FOR FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/16/2012 AMG 	1.00 	550.00 	550.00
REVIEW OF CREDITOR COMMITTEE OBJECTION TO
RADKE FEES 	FEE/EMPLOYMENT APPLICATIONS
1/20/2012 LS 	0.30 	400.00 	120.00 PREPARATION OF SUPPLEMENT TO FEE APP 	FEE/EMPLOYMENT APPLICATIONS
1/25/2012 AMG 	1.50 	550.00 	825.00 REVIEW OF TOGUT FEE APPLICATIONS 	FEE/EMPLOYMENT APPLICATIONS
1/25/2012 FBR 	0.40 	475 	190.00
REVIEW OF TOGUT FEE APPLICATION AND TOGUT
SEGAL FEE APPLICATION (PRELIMINARY
REVIEW)(0.4); 	FEE/EMPLOYMENT APPLICATIONS
1/25/2012 LS 	0.20 	400.00 	80.00 REVIEW OF TOGUT FEE APP 	FEE/EMPLOYMENT APPLICATIONS
3/16/2011 RMS 	0.30 	400.00 	120.00
REVIEW OF CASH COLLATERAL DOCS AND LOAN
DOCS 	FINANCING
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Schedule A
14
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
3/17/2011 RMS 	0.20 	400.00 	80.00
REVIEW OF LOAN DOCS FROM H.F. FOR CASH
COLLATERAL 	FINANCING
3/18/2011 RMS 	0.30 	400.00 	120.00
REVIEW OF NORTHLIGHT DOCS RE: CASH
COLLATERAL 	FINANCING
4/20/2011 FBR 	1.00 	475 	475.00 REVIEW OF CASH COLLATERAL ORDER 	FINANCING
4/20/2011 RMS 	0.20 	400.00 	80.00
REVIEW OF FINANCING RULES FOR CASH
COLLATERAL 	FINANCING
4/25/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF REVISED CASH COLLATERAL DOCS 	FINANCING
4/25/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CASH COLLATERAL ORDER 	FINANCING
4/26/2011 LS 	1.50 	400.00 	600.00 REVIEW OF INTERIM CASH COLLATERAL ORDER 	FINANCING
4/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF LOCAL RULES RE CASH COLLATERAL 	FINANCING
4/29/2011 LS 	0.40 	400.00 	160.00
REVIEW OF NORTH LIGHT COMMENTS TO CASH
COLLATERAL 	FINANCING
5/16/2011 AMG 	0.50 	550.00 	275.00
REVIEW OF US TRUSTEE OBJECTIONS TO CASH
COLLATERAL AND SUBSTANTIVE CONSOLIDATION 	FINANCING
6/1/2011 LS 	0.20 	400.00 	80.00 REVIEW OF INTERIM CASH COLLATERAL ORDER 	FINANCING
6/14/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF EMAIL FROM CREDITORS COMMITTEE
ON CASH COLLATERAL 	FINANCING
8/29/2011 LS 	0.20 	400.00 	80.00
REVIEW OF CASH COLLATERAL STIPULATION RE NL
LIENS 	FINANCING
10/17/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF EMAIL ON NORTH LIGHT TERM SHEET 	FINANCING
10/18/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF NORTH LIGHT PROPOSAL 	FINANCING
10/27/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF EMAIL FROM CASHER 	FINANCING
11/15/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF EMAIL REGARDING NORTH LIGHT ON
FEE ISSUE 	FINANCING
1/9/2012 AMG 	0.80 	550.00 	440.00 REVIEW OF CAPLEASE LOAN DOCUMENTS 	FINANCING
1/16/2012 AMG 	1.20 	550.00 	660.00 REVIEW OF DECEMBER NFA FRANCHISE REPORT 	FINANCING
1/20/2012 AMG 	0.50 	550.00 	275.00
REVIEW OF EMAIL ON IBERIA COMMENTS TO
CAPLEASE LOAN DOCUMENTS 	FINANCING
1/20/2012 AMG 	0.80 	550.00 	440.00
REVIEW OF IBERIA (.3) AND NORTHLIGHT (.5) FINAL
LOAN DOCUMENTS 	FINANCING
3/17/2011 AMG 	0.20 	550.00 	110.00
REVIEW OF JUDGE CASTELL DECISION RE: RADKE'S
LETTER 	LITIGATION
3/17/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF RADKE LETTER TO INVESTORS 	LITIGATION
3/17/2011 AMG 	0.40 	550.00 	220.00
REVIEW OF RADKE'S LEITERS TO PREPARE
RESPONSE 	LITIGATION
3/17/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SEC QUESTIONS 	LITIGATION
3/17/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 2004 RULES, LOCAL RULES AND FORMS LITIGATION
3/17/2011 LS 	0.20 	400.00 	80.00 REVIEW OF CASTEL RULING RE RADKE LETTER 	LITIGATION
3/17/2011 LS 	0.30 	400.00 	120.00 REVIEW OF RADKE EMAIL 	LITIGATION
3/18/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 2004 APPLICATION 	LITIGATION
3/22/2011 AMG 	1.50 	550.00 	825.00
REVIEW OF SEC JOINDER AND FISHER
DECLARATION AND RELATED PAPERS 	LITIGATION
3/22/2011 LS 	0.90 	400.00 	360.00
REVIEW OF UST MOTION TO APPOINT TRUSTEE
AND EXHIBITS 	LITIGATION
3/22/2011 LS 	1.20 	400.00 	480.00
REVIEW OF FISHER DECLARATION AND EXHIBITS IN
SUPPORT OF TRUSTEE MOTION 	LITIGATION
3/22/2011 LS 	0.50 	400.00 	200.00 REVIEW OF MASUMOTO 9077 DOC 	LITIGATION
3/22/2011 LS 	0.20 	400.00 	80.00 REVIEW OF NOA'S FILED 	LITIGATION
3/22/2011 LS 	0.20 	400.00 	80.00
REVIEW OF SEC JOINDER TO UST MOTION TO
APPOINT TRUSTEE 	LITIGATION
3/22/2011 LS 	0.20 	400.00 	80.00
REVIEW OF ORDER SCHEDULING EVIDENTIARY
HEARING ON MOTION TO APPOINT TRUSTEE 	LITIGATION
3/23/2011 JDD 	2.00 	425.00 	850.00
REVIEW OF UNITED STATES TRUSTEE'S MOTION
FOR THE APPOINTMENT OF A TRUSTEE 	LITIGATION
3/23/2011 LS 	1.2 	400.00 	480.00 REVIEW OF UST MOTION TO APPOINT TRUSTEE 	LITIGATION
3/23/2011 LS 	0.50 	400.00 	200.00 REVIEW OF 1104(A)(l) AND (2) LANGUAGE 	LITIGATION
3/23/2011 LS 	0.60 	400.00 	240.00
REVIEW OF FISHER DOC IN SUPPORT OF MOTION
TO APPOINT TRUSTEE 	LITIGATION
3/23/2011 RRL 	3.30 	550.00 	1,815.00
REVIEW OF UST MOTIONS AND SEC JOINDER FOR
APPOINTMENT OF 1104 TRUSTEE 	LITIGATION
3/24/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF RADKE DECLARATION 	LITIGATION
3/24/2011 JDD 	0.60 	425.00 	255.00 REVIEW OF RADKE DECLARATION 	LITIGATION
3/24/2011 KS 	0.30 	201.35 	60.41 REVIEW RADKE DECLARATION (.3); 	LITIGATION
3/24/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PRE-TRIAL MEMO 	LITIGATION
3/24/2011 LS 	0.20 	400.00 	80.00
REVIEW OF DOCS RE: UST MOTION TO APPT
TRUSTEE 	LITIGATION
3/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF EXHIBIT LIST 	LITIGATION
3/25/2011 RMS 	0.20 	400.00 	80.00
REVIEW OF FILES FOR DOCSIFORMS OF FINDING OF
FACTS 	LITIGATION
3/25/2011 RMS 	0.30 	400.00 	120.00 REVIEW OF REVISED DOCS ON UST MOTION 	LITIGATION
3/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SUBPOENAS 	LITIGATION
3/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF US/ISEC WITNESS AND EXHIBITS LIST 	LITIGATION
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Schedule A
15
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
3/28/2011 LS 	0.80 	400.00 	320.00
REVIEW OF FISHER 2ND DECLARATION AND
EXHIBITS 	LITIGATION
3/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF RADKE OBJECTION TO DOC DEMAND 	LITIGATION
3/28/2011 LS 	0.10 	400.00 	40.00 REVIEW OF LOCAL RULES RE DISCOVERY DISPUTES LITIGATION
3/28/2011 LS 	0.30 	400.00 	120.00 REVIEW OF WATKINS' DECLARATION AND EXHIBITS LITIGATION
3/28/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF LISTS FOR COURT ON UST MOTION 	LITIGATION
3/28/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF DOCS, LISTS FILED BY UST AND LISTS 	LITIGATION
3/28/2011 RRL 	0.80 	550.00 	440.00 REVIEW OF MOVANTS' EXHIBITS 	LITIGATION
3/29/2011 AMG 	1.20 	550.00 	660.00 REVIEW OF TRUSTEE PROPOSED FACTS 	LITIGATION
3/29/2011 LS 	0.80 	400.00 	320.00 REVIEW OF USTISEC PROPOSED FINDINGS OF FACT LITIGATION
3/29/2011 RMS 	0.20 	400.00 	80.00
REVIEW OF REVISED FINDING AND FACT AND REPLY
DOCS (2) 	LITIGATION
3/29/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF FINAL DRAFT OF SAME WITH LS 	LITIGATION
3/30/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 2004 APPS 	LITIGATION
3/30/2011 LS 	0.50 	400.00 	200.00 REVIEW OF STATEMENT OF FACTS 	LITIGATION
4/4/2011 LS 	0.60 	400.00 	240.00
REVIEW OF DECISIONS GRANTING SUBSTANTIVE
CONSOLIDATION 	LITIGATION
4/5/2011 BBN 	0.70 	325.00 	227.50 REVIEW OF EXHIBITS FOR TRIAL 	LITIGATION
4/5/2011 LS 	0.30 	400.00 	120.00
REVIEW OF DECISIONS RE SUBSTANTIVE
CONSOLIDATION 	LITIGATION
4/6/2011 LS 	0.40 	400.00 	160.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
MOTIONS 	LITIGATION
4/7/2011 FBR 	0.60 	475 	285.00 REVIEW OF NORTH LIGHT STIP AND EXHIBITS 	LITIGATION
4/7/2011 LS 	0.20 	400.00 	80.00 REVIEW OF STIP RE RADKE RESPONSIBILITY 	LITIGATION
4/11/2011 AJG 	0.50 	315.42 	157.71
REVIEW OF ALL EXHIBIT BINDERS TO SEE WHAT WE
STILL NEEDED TO INTRODUCE INTO EVIDENCE.(.5) LITIGATION
4/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF TRIAL NOTES 	LITIGATION
4/13/2011 LS 	0.90 	400.00 	360.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
STANDARDS 	LITIGATION
4/13/2011 LS 	0.20 	400.00 	80.00
REVIEW OF RESPONSES BY LPS TO TRUSTEE
MOTION 	LITIGATION
4/14/2011 LP 	0.60 	450 	270.00
REVIEW OF PARTNERSHIP AGREEMENT RE SUB CON
(.6) 	LITIGATION
4/14/2011 LS 	0.20 	400.00 	80.00
REVIEW OF 9006 RE EXT OF TIME TO FILE
SCHEDULES AND SERVICE REQUIREMENTS 	LITIGATION
4/14/2011 LS 	0.40 	400.00 	160.00 REVIEW OF 11 04(A)(2) DECISIONS 	LITIGATION
4/14/2011 LS 	0.50 	400.00 	200.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
MOTIONS 	LITIGATION
4/15/2011 AJG 	1.10 	315.42 	346.96
REVIEW OF TRANSCRIPT RE: RADKE'S TESTIMONY
(1.1): 	LITIGATION
4/15/2011 FBR 	1.10 	475 	522.50
REVIEW OF SEC COMPLAINT RE EVIDENCE OF CO-
MINGLING (0.4); REVIEW OF MADOFF PLEADINGS
RE EVIDENCE FOR SUBTANTIVE CONSOLIDATION
(0.7) 	LITIGATION
4/15/2011 RRL 	0.60 	550.00 	330.00 REVIEW OF TRANSCRIPT 	LITIGATION
4/18/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF RADKE LETTER TO COURT AND TO RAY LITIGATION
4/19/2011 LS 	0.70 	400.00 	280.00
REVIEW OF BACKUP TO SUBSTANTIVE
CONSOLIDATION MOTION 	LITIGATION
4/19/2011 LS 	0.70 	400.00 	280.00 REVIEW OF PROPOSED FACTS AND 1007 	LITIGATION
4/20/2011 LS 	0.80 	400.00 	320.00
REVIEW OF MADOFF SUBSTANTIVE
CONSOLIDATION BRIEF 	LITIGATION
4/20/2011 LS 	0.20 	400.00 	80.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
MOTION WITH AJG 	LITIGATION
4/21/2011 AJG 	2.30 	315.42 	725.45
REVIEW OF OPERATING AGREEMENTS RE: SAME
(2.3) 	LITIGATION
4/22/2011 LS 	0.50 	400.00 	200.00 REVIEW OF BILLING MEMO AND EXHIBITS 	LITIGATION
4/22/2011 LS 	0.20 	400.00 	80.00
REVIEW OF EMAILS RE BACKUP TO SUBSTANTIVE
CONSOLIDATION 	LITIGATION
4/25/2011 LS 	0.50 	400.00 	200.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
AFFIDAVIT & BACKUP 	LITIGATION
4/26/2011 LS 	0.20 	400.00 	80.00
REVIEW OF HESLIN AFFIDAVIT IN SUPPORT OF
SUBSTANTIVE CONSOLIDATION 	LITIGATION
4/27/2011 FBR 	2.00 	475 	950.00 REVIEW OF DAYLIGHT REPORT RE SUBCON 	LITIGATION
4/28/2011 LS 	0.30 	400.00 	120.00
REVIEW OF OBJECTION TO EXTENSION TO FILE
SCHEDULES 	LITIGATION
4/29/2011 LS 	0.80 	400.00 	320.00
REVIEW OF DECLARATION IN SUPPORT OF
SUBSTANTIVE CONSOLIDATION 	LITIGATION
4/29/2011 LS 	0.50 	400.00 	200.00
REVIEW OF 4001 REQUIREMENTS FOR FORM OF
MOTION 	LITIGATION
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Schedule A
16
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
5/2/2011 FBR 	2.20 	475 	1,045.00
REVIEW OF DOCUMENTS FROM HESLIN
REGARDING EVIDENCE SUPPORTING SUBSTANTIVE
CONSOLIDATION AND CO-MINGLING (2.2); 	LITIGATION
5/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF APPEARANCES 	LITIGATION
5/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF 1007 DECLARATION 	LITIGATION
5/2/2011 LS 	0.30 	400.00 	120.00
REVIEW OF EMAllS AND BANK RECORDS
REGARDING COMMINGLING FOR SUBSTANTIVE
CONSOLIDATION MOTION 	LITIGATION
5/3/2011 LS 	0.20 	400.00 	80.00
REVIEW OF EMAil TO UST RE PROPOSAL ON
EVIDENTIARY HEARING 	LITIGATION
5/3/2011 LS 	0.20 	400.00 	80.00
REVIEW OF COMMENTS TO SUBSTANTIVE
CONSOLIDATION MOTION 	LITIGATION
5/4/2011 LS 	0.30 	400.00 	120.00 REVIEW OF HESLIN DECLARATION WITH AJG 	LITIGATION
5/4/2011 LS 	0.30 	400.00 	120.00 REVIEW OF OBJECTION TO RBLGG&G RETENTION 	LITIGATION
5/5/2011 FBR 	0.40 	475 	190.00 REVIEW MOTION AND UST OBJECTION (0.4) 	LITIGATION
5/6/2011 JDD 	0.50 	425.00 	212.50
REVIEW OF DRAFT OF LETTER TO JUDGE BERNSTEIN
AND CONFERENCES RELATING THERETO 	LITIGATION
5/9/2011 FBR 	1.30 	475 	617.50
REVIEW OF HESLIN DIRECT EXAMINATION FOR 5/10
HEARING 	LITIGATION
5/9/2011 LS 	0.20 	400.00 	80.00
REVIEW OF RADKE CORRESP RE REQUEST FOR INFO
ON FEES 	LITIGATION
5/9/2011 LS 	0.30 	400.00 	120.00
REVIEW OF BILLING WITH AMG FOR RESP TO
RETENTION OBJECTION 	LITIGATION
5/10/2011 LS 	0.90 	400.00 	360.00
REVIEW OF EVIDENTIARY BINDERS AND
SPREADSHEET OF LP'S, RADS AND NOTEHOLDERS 	LITIGATION
5/10/2011 LS 	0.20 	400.00 	80.00
REVIEW OF NON-DEBTOR LIST FOR SUBSTANTIVE
CONSOLIDATION MOTION 	LITIGATION
5/11/2011 LS 	0.30 	400.00 	120.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
MOTION FOR CREDITOR DESIGNATIONS 	LITIGATION
5/11/2011 LS 	0.60 	400.00 	240.00 REVIEW OF LITIGATION SCHEDULES 	LITIGATION
5/11/2011 LS 	0.30 	400.00 	120.00 REVIEW OF CONTRACTS 	LITIGATION
5/12/2011 FBR 	0.20 	475 	95.00
REVIEW OF RRL REVISIONS TO SCHEDULE
DISCLAIMER 	LITIGATION
5/13/2011 LS 	0.10 	400.00 	40.00
REVIEW OF BACKUP (CHECKS; BANK RECORDS) FOR
SUBSTANTIVE CONSOLIDATION MOTION 	LITIGATION
5/14/2011 FBR 	2.30 	475 	1,092.50
REVIEW OF TRUSTEE TRANSCRIPTS FOR 3.31.11
AND 4.1.11 	LITIGATION
5/16/2011 FBR 	4.20 	475 	1,995.00
REVIEW OF BACKUP INFO FOR ASHLEY AND
FRUITVILLE LOANS FOR USE IN SUB CON HEARING LITIGATION
5/16/2011 LS 	0.40 	400.00 	160.00
REVIEW OF UST OBJECTION TO SUBSTANTIVE
CONSOLIDATION 	LITIGATION
5/17/2011 FBR 	4.00 	475 	1,900.00
REVIEW OF BACKUP FOR FRUITVillE AND ASHLEY
FURNITURE LOAN 	LITIGATION
5/17/2011 LS 	0.90 	400.00 	360.00
REVIEW OF IBERIA BANK OPP TO SUBSTANTIVE
CONSOLIDATION; CASH COLLATERAL & STAY
MOTION 	LITIGATION
5/18/2011 FBR 	0.80 	475 	380.00
REVIEW OF IBERIA BANK CASH COLLATERAL
OBJECTION AND EXHIBITS TO DEVELOP DEFENSE TO
RELIEF REQUESTED 	LITIGATION
5/18/2011 FBR 	2.20 	475 	1,045.00
REVIEW OF DOCUMENTATION REGARDING
VALIDITY OF IBERIA BANK'S SECURITY INTERESTS IN
WATERFAll PAYMENTS INCLUDING REVIEW OF
MEMBERSHIP INTEREST PURCHASE AGREEMENT (1
.6) AND NFA FUNDING llC llC AGREEMENT (.6) 	LITIGATION
5/18/2011 LS 	0.40 	400.00 	160.00
REVIEW OF SUBSTANTIVE CONSOLIDATION
MOTION 	LITIGATION
5/23/2011 FBR 	1.00 	475 	475.00
REVIEW OF DOCUMENTS RELATING TO
IBERIABANK'S SECURITY INTEREST 	LITIGATION
5/24/2011 FBR 	2.00 	475 	950.00
REVIEW OF DOCKETS OF SIMILAR CASES FOR
EXAMPLES OF RETENTION IN SIMILAR
CIRCUMSTANCES IN SDNY WHICH WERE
APPROVED. 	LITIGATION
5/25/2011 AJG 	0.30 	315.42 	94.62 REVIEWED RADKE'S LETTER TO RB (.3). 	LITIGATION
5/26/2011 LS 	0.20 	400.00 	80.00
REVIEW OF 9019 PROVISIONS RE SETTLING SEC
LITIGATION AND PROCEDURE FOR NOTICE 	LITIGATION
6/2/2011 FBR 	1.00 	475 	475.00 REVIEW DOCUMENTS (1.0); 	LITIGATION
6/3/2011 AMG 	0.30 	550.00 	165.00
REVIEW OF DISCOVERY SUBMISSION SEC DISTRICT
COURT ACTION 	LITIGATION
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Schedule A
17
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
6/3/2011 FBR 	2.00 	475 	950.00
REVIEW OF BACKUP MATERIAL ON VALUATION OF
POTENTIAL FRAUDULENT CONVEYANCE CLAIMS TO
ASSIST FTI WITH VALUATION ISSUES 	LITIGATION
6/6/2011 FBR 	1.00 	475 	475.00
REVIEW OF DOCUMENTS RELATED TO CLAW BACKS
(1.0) 	LITIGATION
6/7/2011 FBR 	1.50 	475 	712.50 REVIEW OF FTI RECOVERY ANALYSIS 	LITIGATION
6/7/2011 FBR 	0.90 	475 	427.50
REVIEW OF DEPOSIT CONTROL ACCOUNT
AGREEMENT FOR ITEREST RESERVE ACCOUNT AND
COLLECTION ACCOUNT 	LITIGATION
6/10/2011 AJG 	0.80 	315.42 	252.33
REVIEW OF THE GENEVA SOURCE OF FUNDS
DOCUMENTS PROVIDED BY HESLlN.(.8) 	LITIGATION
6/13/2011 FBR 	0.60 	475 	285.00 REVIEW OF REVISED SUB CON MOTION 	LITIGATION
6/13/2011 FBR 	0.50 	475 	237.50
REVIEW OF REVISED CASH COLLATERAL ORDER
FROM NORTHLIGHT 	LITIGATION
6/15/2011 FBR 	0.20 	475 	95.00 REVIEW OF UST PROPOSED ORDER (0.2); 	LITIGATION
6/16/2011 FBR 	1.00 	475 	475.00
REVIEW OF MOTION TO DISPLACE INDEPENDENT
MONITORS 	LITIGATION
6/17/2011 FBR 	0.30 	475 	142.50 REVIEW OF EXAMINER ORDER 	LITIGATION
6/17/2011 FBR 	0.20 	475 	95.00 REVIEW OF RBL RETENTION ORDER (0.2) 	LITIGATION
6/17/2011 LS 	0.20 	400.00 	80.00 REVIEW OF FEE EXAMINER ORDER 	LITIGATION
6/20/2011 LS 	0.40 	400.00 	160.00 REVIEW OF 2004 APPLICATION AND BACKUP 	LITIGATION
6/21/2011 FBR 	1.50 	475 	712.50
REVIEW OF INFO AND BACKUP ON GENEVA
TRANSACTION 	LITIGATION
6/21/2011 LS 	0.20 	400.00 	80.00
REVIEW OF SUBST CON SOL MOTION RE RELATED
NON-DEBTORS 	LITIGATION
6/22/2011 LS 	0.20 	400.00 	80.00 REVIEW OF 2004 DRAFT APP 	LITIGATION
6/23/2011 FBR 	0.30 	475 	142.50
REVIEW OF EXAMINER APPOINTMENT AND
APPLICATION 	LITIGATION
6/23/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ORDER APPOINTING EXAMINER 	LITIGATION
6/24/2011 FBR 	4.50 	475 	2,137.50
REVIEW OF RESEARCH REGARDING D&O PROCEEDS
AS PROPERTY OF THE ESTATE; REVIEW OF 5
ARTICLES AND ENDOCSCOPY CASE, DOWNEY CASE,
ADELPHIA CASE AND WORLD HEALTH CASES ON
ISSUE 	LITIGATION
6/24/2011 LS 	0.30 	400.00 	120.00 REVIEW OF COLLIERS RE 2004 RESEARCH 	LITIGATION
6/27/2011 FBR 	0.80 	475 	380.00 REVIEW AIG D*O POLICY COVERAGEOF 	LITIGATION
6/29/2011 LS 	0.30 	400.00 	120.00 REVIEW OF 2004 DRAFTS AND NOTES 	LITIGATION
7/1/2011 AJG 	1.00 	315.42 	315.42
REVIEW OF RADKE LETTER, AND HIS DRAFT REPORT
(1 .0). 	LITIGATION
7/1/2011 FBR 	0.70 	475 	332.50
REVIEW OF COMMITTEE CHANGES TO COMMON
INTEREST AGREEMENT AND ISSUES WITH SUB CON LITIGATION
7/1/2011 FBR 	1.40 	475 	665.00
REVIEW OF RADKE LETTER TO KASTEL AND
SUBMISSION TO DISTRICT COURT 	LITIGATION
7/5/2011 FBR 	0.20 	475 	95.00
REVIEW OF COMMITTEE COMMENTS TO SUB CON
ORDER 	LITIGATION
7/5/2011 FBR 	0.90 	475 	427.50 REVIEW OF SLOANE REPORT 	LITIGATION
7/5/2011 RMS 	0.10 	400.00 	40.00
REVIEW OF lETTER WITH MEMO ENDORSED ON
SAME 	LITIGATION
7/8/2011 FBR 	6.00 	475 	2,850.00
REVIEW OF SLOANE DRAFT REPORT AND PARTIAL
REVIEW OF EXHIBITS 	LITIGATION
7/12/2011 FBR 	1.00 	475 	475.00 REVIEW OF FTI RECOVERY ANALYSIS 	LITIGATION
7/13/2011 FBR 	3.20 	475 	1,520.00 REVIEW OF DRAFT OF EXPERT REPORT 	LITIGATION
7/14/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF RADKE OSC 	LITIGATION
7/15/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF JUDGE CASTEL lETTER ORDER ON RADKE LITIGATION
7/17/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF RADKE OSC (.4); 	LITIGATION
7/18/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF FINAL OSC RADKE 	LITIGATION
7/18/2011 LS 	0.90 	400.00 	360.00
REVIEW OF SCHEDULES/BACKUP IN PREP FOR SUBS
CONSOL 	LITIGATION
7/19/2011 FBR 	1.60 	475 	760.00
REVIEW OF SUPPLEMENTAL REPORT FROM RAY
SLOANE FOR HEARING AND REVIEW OF ERRATA
SHEET AND REVISED DIAGRAMS 	LITIGATION
7/19/2011 LS 	0.30 	400.00 	120.00 REVIEW OF LP CORRESP RE SUBS CONSOL 	LITIGATION
7/25/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF RADKE AND SEC RESPONSE (.6); 	LITIGATION
7/25/2011 AJG 	2.00 	315.42 	630.83
REVIEWED RADKE PAPERS RE: RESPONSE TO ORDER
TO SHOW CAUSE (.8) REVIEWED SEC PAPERS RE:
SAME (1 .2) 	LITIGATION
7/25/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SUBS CONSOl ORDER 	LITIGATION
7/26/2011 FBR 	0.80 	475 	380.00 REVIEW OF TRANSCRIPT OF HEARING ON SUB CON LITIGATION
7/28/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF RADKE DISTRICT COURT ORDER 	LITIGATION
7/28/2011 FBR 	0.30 	475 	142.50 REVIEW OF PROPOSED ORDER FOR JUDGE CASTEL LITIGATION
7/29/2011 FBR 	0.40 	475 	190.00 REVIEW OF REVISED RADKE ORDER 	LITIGATION
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Schedule A
18
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
8/3/2011 AJG 	4.50 	315.42 	1,419.37
REVIEW OF ALL CASES THAT THE INSURANCE
COMPANY CITED TO (4.5); 	LITIGATION
8/8/2011 FBR 	0.30 	475 	142.50
REVIEW OF CHANGES TO AGREEMENT WITH
CAPLEASE RECEIVED FROM PAUL HUGHES 	LITIGATION
8/8/2011 LS 	0.20 	400.00 	80.00 REVIEW OF RADKE DECLARATION 	LITIGATION
8/24/2011 LS 	0.30 	400.00 	120.00
REVIEW OF UST OBJ TO DS - LEHMAN IN PREP FOR
WEST END DSHEARING 	LITIGATION
8/26/2011 LS 	0.20 	400.00 	80.00 REVIEW OF NORTH LIGHT TREATMENT WITH RRL 	LITIGATION
8/31/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PCEA 	LITIGATION
9/2/2011 FBR 	2.30 	475 	1,092.50
REVIEW OF CENTURY BANK LOAN DOCUMENTS
RELATIVE TO MARCH 2, 2009 LOAN 	LITIGATION
9/13/2011 FBR 	3.50 	475 	1,662.50
REVIEW OF MORTGAGE SERVICER REPORTS AND
PAYMENTS TO NORTHLIGHT TO DETERMINE
AMOUNT OF CLAIMS AS WELL AS REVIEW ISSUES
OF FEASIBILITY FOR LOAN PAYMENTS UNDER PLAN LITIGATION
9/20/2011 LS 	0.30 	400.00 	120.00 REVIEW OF AUGUST OP REPORTS 	LITIGATION
9/27/2011 LS 	0.20 	400.00 	80.00
REVIEW OF DISCO RE SUBCON AND JT. ADMIN.
ORDERS 	LITIGATION
9/28/2011 FBR 	2.00 	475 	950.00
REVIEW OF RAKOFF DECISION AND LlFLAND
DECISION REGARDING 546(E) ISSUE (2.0) 	LITIGATION
10/3/2011 AJG 	2.00 	315.42 	630.83
REVIEWED THE COMPETING SONY RULING ON
CLAWBACKS, AND "NET WINNERS' AND SIX YRS NY
BS 2YS FED BANK CODE (2.0); 	LITIGATION
10/3/2011 FBR 	0.30 	475 	142.50
REVIEW OF AMAGANSETT REAL TV NOTE
EXTENSION AGREEMENT TO ADVISE REGARDING
EXECUTION 	LITIGATION
10/10/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF DELAWARE CASE LAW RE: DUTY OF
LOYALTY OWED BY GP 	LITIGATION
10/10/2011 LS 	0.30 	400.00 	120.00
REVIEW OF SUB CON MOTION, ORDER AND
SUPPLEMENTS 	LITIGATION
10/14/2011 LS 	0.40 	400.00 	160.00 REVIEW OF KRAMER LIFT-STAY MOTION 	LITIGATION
10/19/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SUBCON MOTION AND DECLARATION 	LITIGATION
10/27/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF DOCUMENT REQUEST (.2) 	LITIGATION
10/31/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SOUTHWOOD COURT STIP 	LITIGATION
11/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SUBORDINATION AGREEMENT 	LITIGATION
11/2/2011 LS 	0.30 	400.00 	120.00 REVIEW OF KRAMER STAY MOTION 	LITIGATION
11/3/2011 LS 	0.40 	400.00 	160.00
REVIEW OF KRAMER STAY MOTION AND
REQUESTED RELIEF 	LITIGATION
11/3/2011 LS 	0.30 	400.00 	120.00
REVIEW OF 362 PROVISIONS IN RELATION TO
KRAMER STAY MOTION 	LITIGATION
11/4/2011 LS 	0.80 	400.00 	320.00 REVIEW OF STAY MOTION 	LITIGATION
11/4/2011 LS 	0.20 	400.00 	80.00
REVIEW OF NOTICE OF ADJOURNMENT OF STAY
MOTION 	LITIGATION
11/4/2011 LS 	0.20 	400.00 	80.00 REVIEW OF OBJECTION TO STAY MOTION 	LITIGATION
11/7/2011 FBR 	0.50 	475 	237.50
REVIEW OF TRANSCRIPT AND ORDER RE: PREP FOR
STATUS CONFERENCE 	LITIGATION
11/9/2011 FBR 	2.90 	475 	1,377.50
REVIEW OF TWO CLAIMS FILED BY IBERIA AND
UNDERLYING DOCUMENTS (1.9) AND REVIEW OF
MEMO REGARDING ATTACHMENT OF SECURITY
INTEREST (1.0) RE PREP OF SECTION OF DISCO IN
CASE SETTLEMENT IS NOT REACHED 	LITIGATION
11/9/2011 LS 	0.10 	400.00 	40.00
REVIEW OF CALENDAR RE UPCOMING HEARINGS
AND DEADLINES 	LITIGATION
11/10/2011 FBR 	1.60 	475 	760.00
REVIEW OF TRANSCRIPT FROM MARINO AND
ISRAEL ALLOCUTION IN PREP FOR MEETING WITH
LANDBERG'S COUNSEL 	LITIGATION
11/16/2011 FBR 	0.60 	475 	285.00
REVIEW OF PROJECTIONS AND FEASIBILITY ISSUES
FOR HEARINGS 	LITIGATION
11/21/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF SEC SETTLEMENT PAPERS 	LITIGATION
11/21/2011 JDD 	0.20 	425.00 	85.00
REVIEW OF INSURANCE CASE RE SETTLEMENT AND
9019 MOTION 	LITIGATION
11/28/2011 LS 	0.20 	400.00 	80.00 REVIEW OF KRAMER STAY MOTION 	LITIGATION
1/4/2012 FBR 	0.60 	475 	285.00
REVIEW OF MATERIALS FORWARDED FROM FRED
STEVENS FROM JIM GUY REGARDING INQUIRIES ON
CONFIRMATION ISSUES (0.6 	LITIGATION
1/5/2012 AMG 	1.20 	550.00 	660.00
REVIEW OF DZ PORTFOLIO AND LOAN DOCUMENTS
REGARDING DEFAULT AND SETILEMENT
STIPULATION 	LITIGATION
1/6/2012 RRL 	0.30 	550.00 	165.00 REVIEW COMMITIEE FEE APP. 	LITIGATION
1/11/2012 JDD 	1.10 	425.00 	467.50
REVIEW OF POLICY AND DISCUSSION WITH AMG RE
PREPARATION FOR CONFERENCE 	LITIGATION
4/13/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DOCKET RE 341 MEETING 	MEETINGS OF CREDITORS/STATUS HEARINGS
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Schedule A
19
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
4/5/2011 FBR 	1.80 	475 	855.00 REVIEW OF FIRST DRAFT PLAN 	PLAN AND DISCLOSURE STATEMENT
4/5/2011 FBR 	2.00 	475 	950.00
REVIEW OF RAD AT REQUEST OF AMG TO
DETERMINE IF THEY MERIT A SEPARATE
CLASSIFICATION IN THE PLAN; REVIEW OF
5%,6%,8% AND 10% RAD (2.0); 	PLAN AND DISCLOSURE STATEMENT
4/19/2011 AMG 	1.00 	550.00 	550.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
4/20/2011 LS 	0.60 	400.00 	240.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
5/4/2011 LS 	0.30 	400.00 	120.00 REVIEW OF DRAFT OF PLAN 	PLAN AND DISCLOSURE STATEMENT
5/18/2011 LS 	0.20 	400.00 	80.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
6/27/2011 LS 	0.10 	400.00 	40.00 REVIEW OF EXCLUSIVITY ORDER 	PLAN AND DISCLOSURE STATEMENT
8/2/2011 LS 	0.20 	400.00 	80.00 REVIEW OF FILING DATES FOR PLAN AND DISCO 	PLAN AND DISCLOSURE STATEMENT
8/5/2011 FBR 	1.10 	475 	522.50
REVIEW OF CASHER PLAN PROPOSAL-REVIEW
DRAFT LANGUAGE 	PLAN AND DISCLOSURE STATEMENT
8/15/2011 LS 	0.30 	400.00 	120.00 REVIEW OF FBR NOTES RE PLAN AND DISCO 	PLAN AND DISCLOSURE STATEMENT
8/16/2011 LS 	0.70 	400.00 	280.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
8/16/2011 LS 	0.40 	400.00 	160.00 REVIEW OF FBR NOTES RE DISCO 	PLAN AND DISCLOSURE STATEMENT
8/18/2011 LS 	2.60 	400.00 	1,040.00 REVIEW OF PLAN WITH RRL 	PLAN AND DISCLOSURE STATEMENT
8/18/2011 LS 	0.50 	400.00 	200.00
REVIEW OF POST-CONFIRMATION TRUST
AGREEMENT 	PLAN AND DISCLOSURE STATEMENT
8/18/2011 LS 	0.40 	400.00 	160.00 REVIEW OF TRUST AGREEMENT WITH RRL 	PLAN AND DISCLOSURE STATEMENT
8/23/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF PROVISIONS TO PLAN AND D.S. WITH LS PLAN AND DISCLOSURE STATEMENT
8/26/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
8/26/2011 LS 	0.60 	400.00 	240.00 REVIEW OF DISCO 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 FBR 	1.10 	475 	522.50
REVIEW OF REQUESTED CHANGES MADE TO POST
CONFIRMATION ESTATE AGREEMENT BY AMG (1
.1); 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 FBR 	0.90 	475 	427.50
REVIEW OF HESLIN COMMENTS ON DISCO (0.5)
AND REVIEW AND REVISE DISCO TO INCORPORATE
CHANGES (.4) 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 FBR 	0.60 	475 	285.00 REVIEW OF REVISED PLAN (.6); 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 LS 	0.60 	400.00 	240.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 LS 	0.50 	400.00 	200.00 REVIEW OF HESLIN COMMENTS TO DISCO 	PLAN AND DISCLOSURE STATEMENT
8/29/2011 LS 	0.20 	400.00 	80.00
REVIEW OF FBR RESPONSE RE CLARIFICATION OF
IBERIA TREATMENT 	PLAN AND DISCLOSURE STATEMENT
8/30/2011 FBR 	0.20 	475 	95.00
REVIEW OF RAY'S COMMENTS TO DISCLOSURE
STATEMENT 	PLAN AND DISCLOSURE STATEMENT
8/30/2011 LS 	0.30 	400.00 	120.00 REVIEW OF HESLIN COMMENTS TO DISCO 	PLAN AND DISCLOSURE STATEMENT
8/30/2011 LS 	0.30 	400.00 	120.00 REVIEW OF HESLIN COMMENTS TO PLAN 	PLAN AND DISCLOSURE STATEMENT
8/30/2011 LS 	0.10 	400.00 	40.00 REVIEW OF ASSET CHART - DISCO 	PLAN AND DISCLOSURE STATEMENT
8/30/2011 LS 	0.60 	400.00 	240.00 REVIEW OF PLAN AND DISCO WITH FBR 	PLAN AND DISCLOSURE STATEMENT
8/31/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF FINAL D.S. AND TRUST DOCUMENTS 	PLAN AND DISCLOSURE STATEMENT
9/1/2011 FBR 	2.20 	475 	1,045.00
REVIEW OF NORTHLIGHT LOAN DOCUMENTS
REGARDING TREATMENT OF EXCESS WATERFALL
PAYMENTS AND POSSIBLE CHANGE IN TREATMENT
UNDER PLAN 	PLAN AND DISCLOSURE STATEMENT
9/1/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PLAN & DISCO 	PLAN AND DISCLOSURE STATEMENT
9/6/2011 FBR 	0.50 	475 	237.50
REVIEW OF CV'S FROM PLAN ADMINISTRATOR
CANDIDATES SUGGESTED BY COMMITTEE 	PLAN AND DISCLOSURE STATEMENT
9/6/2011 LS 	0.20 	400.00 	80.00 REVIEW OF PLAN 	PLAN AND DISCLOSURE STATEMENT
9/6/2011 LS 	0.10 	400.00 	40.00 REVIEW OF EMAIL RE PLAN REVISIONS 	PLAN AND DISCLOSURE STATEMENT
9/6/2011 LS 	0.30 	400.00 	120.00
REVIEW OF DISCO RE SCHEDULE OF ASSETS AND
LIABILITIES 	PLAN AND DISCLOSURE STATEMENT
9/7/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF CENTURYIIBERIA SET OFF CLAIMS 	PLAN AND DISCLOSURE STATEMENT
9/7/2011 LS 	0.30 	400.00 	120.00
REVIEW OF LOCAL RULES RE PLAN & DISCO AND
SCHEDULING CONFERENCE HEARING 	PLAN AND DISCLOSURE STATEMENT
9/8/2011 LS 	0.30 	400.00 	120.00
REVIEW OF PLANIDISCO AND SEC NOTES AND
REVISIONS 	PLAN AND DISCLOSURE STATEMENT
9/9/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PROJECTIONS, LIQ ANALYSIS 	PLAN AND DISCLOSURE STATEMENT
9/12/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF LIQUIDATION ANALYSIS 	PLAN AND DISCLOSURE STATEMENT
9/12/2011 LS 	0.40 	400.00 	160.00 REVIEW OF LIQUIDATION ANALYSIS 	PLAN AND DISCLOSURE STATEMENT
9/12/2011 LS 	0.40 	400.00 	160.00 REVIEW OF PROJECTIONS 	PLAN AND DISCLOSURE STATEMENT
9/12/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DISCO RE ASSETS AND CLAIMS TABLE 	PLAN AND DISCLOSURE STATEMENT
9/13/2011 LS 	0.20 	400.00 	80.00 REVIEW OF PROJECTIONS - REVISED 	PLAN AND DISCLOSURE STATEMENT
9/13/2011 LS 	0.20 	400.00 	80.00 REVIEW OF LIQUIDATION ANALYSIS - REVISED 	PLAN AND DISCLOSURE STATEMENT
9/14/2011 LS 	0.20 	400.00 	80.00 REVIEW OF ESTIMATED RECOVERY ANALYSIS 	PLAN AND DISCLOSURE STATEMENT
9/15/2011 FBR 	0.70 	475 	332.50
REVIEW OF DOCUMENTS FROM NORTHLIGHT
REGARDING FRANCHISE LOAN MATURITIES AND
DISPOSITION OF NFA FUNDS (AS DEFINED IN CASH
COLLATERAL STIP (0.7); 	PLAN AND DISCLOSURE STATEMENT
9/16/2011 FBR 	0.30 	475 	142.50
REVIEW OF CORNEAU'S ADDITIONAL COMMENTS
ON POST-CONFIRMATION ESTATE (0.3); 	PLAN AND DISCLOSURE STATEMENT
9/20/2011 FBR 	0.30 	475 	142.50
REVIEW OF PROPOSED PLAN ADMINISTRATOR CVS
FROM FRED STEVENS 	PLAN AND DISCLOSURE STATEMENT
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Schedule A
20
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
9/22/2011 FBR 	0.90 	475 	427.50
REVIEW OF PROPOSAL FROM NORTHLIGHT
REGARDING PLAN TREATMENT 	PLAN AND DISCLOSURE STATEMENT
9/27/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF REVISIONS TO DISCLOSURE STATEMENT PLAN AND DISCLOSURE STATEMENT
9/27/2011 RRL 	1.10 	550.00 	605.00
REVIEW OF REVISED PLAN AND DISCLOSURE
STATEMENT 	PLAN AND DISCLOSURE STATEMENT
9/28/2011 FBR 	1.20 	475 	570.00
REVIEW OF NL PROPOSAL AND DISCUSS ISSUES
WITH AMG IN PREP FOR CALL TO CASHER AND
STEIN 	PLAN AND DISCLOSURE STATEMENT
9/28/2011 LS 	0.40 	400.00 	160.00 REVIEW OF DISCO REVISIONS 	PLAN AND DISCLOSURE STATEMENT
9/28/2011 RRL 	0.60 	550.00 	330.00
REVIEW OF NORTH LIGHT OFFER AND DISC WITH
AMG RE NORTH LIGHT TREATMENT UNDER PLAN 	PLAN AND DISCLOSURE STATEMENT
10/3/2011 LS 	0.20 	400.00 	80.00 REVIEW OF DISCO RE ASSET LIST 	PLAN AND DISCLOSURE STATEMENT
10/6/2011 FBR 	0.50 	475 	237.50 REVIEW OF REV PROC 94.45 	PLAN AND DISCLOSURE STATEMENT
10/6/2011 FBR 	0.40 	475 	190.00
REVIEW OF REVISED MCC WATERFALL DESCRIPTION
(0.4) 	PLAN AND DISCLOSURE STATEMENT
10/10/2011 LS 	0.10 	400.00 	40.00
REVIEW OF PLAN, DISCO RE EXHIBIT FILING
DEADLINE 	PLAN AND DISCLOSURE STATEMENT
10/10/2011 LS 	0.20 	400.00 	80.00
REVIEW OF PLAN & DISCO RE PLAN SUPPLEMENT
PROVISIONS 	PLAN AND DISCLOSURE STATEMENT
10/11/2011 LS 	0.50 	400.00 	200.00
REVIEW OF PLAN/DISCO RE PLAN SUPPLEMENT
INFO 	PLAN AND DISCLOSURE STATEMENT
10/17/2011 FBR 	2.00 	475 	950.00 REVIEW OF NL PLAN PROPOSAL 	PLAN AND DISCLOSURE STATEMENT
10/17/2011 LS 	0.40 	400.00 	160.00 REVIEW OF DISCO - REVISED 	PLAN AND DISCLOSURE STATEMENT
10/18/2011 FBR 	0.40 	475 	190.00 REVIEW OF PROJECTIONS FOR PLAN 	PLAN AND DISCLOSURE STATEMENT
10/18/2011 FBR 	0.30 	475 	142.50
REVIEW OF REVISED TERM SHEET FROM
NORTHLIGHT 	PLAN AND DISCLOSURE STATEMENT
10/18/2011 LS 	0.20 	400.00 	80.00
REVIEW OF COMMITTEE COMMENTS TO DISCO
AND PCEA 	PLAN AND DISCLOSURE STATEMENT
10/19/2011 FBR 	0.60 	475 	285.00
REVIEW OF FIRST AMENDMENT TO WEST LB NOTE
TO DETERMINE IF MODIFICATIONS TO DISCLOSURE
STATEMENT WERE NECESSARY 	PLAN AND DISCLOSURE STATEMENT
10/20/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF REVISED PROJECTIONS 	PLAN AND DISCLOSURE STATEMENT
10/20/2011 MEB 	0.60 	500.00 	300.00
REVIEW OF BBN WATERFALL DESCRIPTION RE
DISCO STATEMENT 	PLAN AND DISCLOSURE STATEMENT
10/24/2011 FBR 	0.40 	475 	190.00 REVIEW OF FINAL CHANGES TO NL TERM SHEET 	PLAN AND DISCLOSURE STATEMENT
10/27/2011 FBR 	0.30 	475 	142.50 REVIEW OF REVISION TO PLAN FROM CASHER 	PLAN AND DISCLOSURE STATEMENT
10/28/2011 FBR 	2.30 	475 	1,092.50 REVIEW OF NL PROPOSED CHANGES TO PLAN 	PLAN AND DISCLOSURE STATEMENT
10/31/2011 FBR 	0.90 	475 	427.50
REVIEW OF COMMENTS FROM CASHER ON FIRST
AMENDED PLAN (.9) 	PLAN AND DISCLOSURE STATEMENT
11/4/2011 AMG 	1.20 	550.00 	660.00
REVIEW OF AMENDED PLAN AND DISCLOSURE
STATEMENT 	PLAN AND DISCLOSURE STATEMENT
11/8/2011 AMG 	0.80 	550.00 	440.00
REVIEW OF AMENDED PLAN AND NORTHLIGHT
EMAIL 	PLAN AND DISCLOSURE STATEMENT
11/8/2011 FBR 	0.40 	475 	190.00
REVIEW OF NORTHLIGHT COMMENTS TO PLAN
(0.4); 	PLAN AND DISCLOSURE STATEMENT
11/9/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF AMENDED PLAN 	PLAN AND DISCLOSURE STATEMENT
11/9/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF AMENDED TRUST AGREEMENT 	PLAN AND DISCLOSURE STATEMENT
11/10/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF AMENDED D.S. (.3) ;AND TRUST (.1) 	PLAN AND DISCLOSURE STATEMENT
11/13/2011 FBR 	0.40 	475 	190.00 REVIEW OF KASSOWITZ COMMENTS ON PLAN 	PLAN AND DISCLOSURE STATEMENT
11/14/2011 AMG 	0.80 	550.00 	440.00 REVIEW OF AMENDED PLAN (.3); AND D.S. (.5) 	PLAN AND DISCLOSURE STATEMENT
11/14/2011 AMG 	0.70 	550.00 	385.00 REVIEW OF AMENDED TRUST AGREEMENT 	PLAN AND DISCLOSURE STATEMENT
11/15/2011 AMG 	1.20 	550.00 	660.00
REVIEW OF ALL AMENDED DOCUMENTS FOR FILING
PLAN (.3); DISCLOSURE STATEMENT (.3); AND
TRUST DOCUMENT (.6) 	PLAN AND DISCLOSURE STATEMENT
11/15/2011 FBR 	0.20 	475 	95.00 REVIEW OF REVISED IBERIA BANK LEITER 	PLAN AND DISCLOSURE STATEMENT
11/17/2011 AMG 	1.20 	550.00 	660.00
REVIEW OF AMENDED PLAN, D.S. AND TRUST
DOCUMENT 	PLAN AND DISCLOSURE STATEMENT
11/17/2011 AMG 	0.20 	550.00 	110.00 REVIEW OF EMAIL ON POC ADDITIONAL MEMBERS PLAN AND DISCLOSURE STATEMENT
11/17/2011 FBR 	0.90 	475 	427.50
REVIEW NL COMMENTS (0.4); REVIEW COMMIITEE
COMMENTS (0.5) 	PLAN AND DISCLOSURE STATEMENT
11/18/2011 AMG 	0.30 	550.00 	165.00 REVIEW OF SEC COMMENTS 	PLAN AND DISCLOSURE STATEMENT
11/18/2011 AMG 	0.50 	550.00 	275.00 REVIEW OF NORTH LIGHT OBJECTION TO D.S. 	PLAN AND DISCLOSURE STATEMENT
11/21/2011 AMG 	0.60 	550.00 	330.00 REVIEW OF AND REVISE D.S. 	PLAN AND DISCLOSURE STATEMENT
11/21/2011 AMG 	0.40 	550.00 	220.00 REVIEW OF FOGERTY OBJECTION 	PLAN AND DISCLOSURE STATEMENT
11/23/2011 FBR 	0.40 	475 	190.00
REVIEW OF STEINS COMMENTS AND JACOBSON
COMMENTS 	PLAN AND DISCLOSURE STATEMENT
11/30/2011 AMG 	0.10 	550.00 	55.00 REVIEW OF IBERIA TREATMENT RE:PLAN (.1) 	PLAN AND DISCLOSURE STATEMENT
11/30/2011 FBR 	0.20 	475 	95.00
REVIEW OF BRIAN'S COMMENTS ON REVISIONS TO
DISCO (0.2); 	PLAN AND DISCLOSURE STATEMENT
11/30/2011 LS 	0.20 	400.00 	80.00 REVIEW OF PLAN & DISCO 	PLAN AND DISCLOSURE STATEMENT
11/30/2011 LS 	0.30 	400.00 	120.00 REVIEW OF DOCKET 	PLAN AND DISCLOSURE STATEMENT
12/7/2011 LS 	0.50 	400.00 	200.00
REVIEW OF PLAN, DISCO AND EXHIBITS WITH AJG
FOR PREPARING SOLICIT PACKAGE 	PLAN AND DISCLOSURE STATEMENT
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Schedule A
21
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
12/12/2011 LS 	0.30 	400.00 	120.00 REVIEW OF SOLICITATION DOCS 	PLAN AND DISCLOSURE STATEMENT
12/13/2011 LS 	1.40 	400.00 	560.00 REVIEW OF SOLICITATION MATERIALS 	PLAN AND DISCLOSURE STATEMENT
12/13/2011 LS 	0.30 	400.00 	120.00 REVIEW OF PLAN AND DISCO RE EXHIBITS 	PLAN AND DISCLOSURE STATEMENT
12/15/2011 FBR 	1.20 	475 	570.00
REVIEW OF FINAL REVIEW OF SOLICITAION
PACKAGE INCLUDING DISCO, PLAN, PLAN
SUPPLEMENT EXHIBITS, POST0-CONFIRMATION
ESTATE AGREEMENT; BALLOTS AND NOTICE OF
NON-VOTING STATUS 	PLAN AND DISCLOSURE STATEMENT
12/19/2011 LS 	0.20 	400.00 	80.00 REVIEW OF AOS RE SOLIC PACKAGE 	PLAN AND DISCLOSURE STATEMENT
12/20/2011 LS 	0.20 	400.00 	80.00 REVIEW OF SOLIC PACKAGE & SERVICE LIST 	PLAN AND DISCLOSURE STATEMENT
12/23/2011 LS 	0.30 	400.00 	120.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
12/27/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
12/28/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
12/29/2011 FBR 	0.80 	475 	380.00
REVIEW OF HEF'S COMMENTS ON NL NOTE AND
LOAN AGREEMENT 	PLAN AND DISCLOSURE STATEMENT
12/30/2011 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/6/2012 FBR 	0.60 	475 	285.00
REVIEW OF NORTH LIGHT PROPOSED PLAN
MODIFICATIONS 	PLAN AND DISCLOSURE STATEMENT
1/6/2012 FBR 	0.20 	475 	95.00
REVIEW OF CHANGES TO PLAN REQUESTED BY
MILBANK TWEED REPRESENTING CERTAIN
INVESTORS (0.2); 	PLAN AND DISCLOSURE STATEMENT
1/6/2012 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/6/2012 RMS 	3.80 	400.00 	1,520.00
REVIEW OF DOCS FOR FEE APPLICATIONS
REGARDING BILLINGS 	PLAN AND DISCLOSURE STATEMENT
1/9/2012 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/11/2012 LS 	0.20 	400.00 	80.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/13/2012 RMS 	0.20 	400.00 	80.00
REVIEW OF CLAIMS AND APPLICATIONS FILED WITH
COURT REGARDING FEES AND DOC 	PLAN AND DISCLOSURE STATEMENT
1/17/2012 LS 	0.40 	400.00 	160.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/18/2012 LS 	0.30 	400.00 	120.00 REVIEW OF BALLOTS 	PLAN AND DISCLOSURE STATEMENT
1/23/2012 FBR 	0.20 	475 	95.00 REVIEW BLACK LINE (0.2); 	PLAN AND DISCLOSURE STATEMENT
1/23/2012 FBR 	0.40 	475 	190.00 REVIEW OF COMMITTEE CLASSIFICATION MEMO 	PLAN AND DISCLOSURE STATEMENT
3/8/2011 HEF 	0.30 	400.00 	120.00
REVIEW OF PROPOSED FILINGS INCLUDING REVIEW
TRANSACTION DOCUMENT LITIGATION SCHEDULES
(.3) 	CASE PREPARATION
3/9/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF DOCS WITH LS REGARDING SAME 	CASE PREPARATION
3/15/2011 HEF 	1.00 	400.00 	400.00 REVIEW OF ORGANIZATIONAL CHART (1.0); 	CASE PREPARATION
3/15/2011 RMS 	0.30 	400.00 	120.00 REVIEW OF DOCS AND PETITIONS FOR FILING 	CASE PREPARATION
3/16/2011 RMS 	0.20 	400.00 	80.00
REVIEW OF DOCKETS REGARDING ASSIGNMENTS
AND CASE 	CASE PREPARATION
3/23/2011 HEF 	0.60 	400.00 	240.00
REVIEW OF FILE FOR TRANSCRIPT OF INVESTORS
MEETING (.6) 	CASE PREPARATION
3/22/2011 RMS 	0.30 	400.00 	120.00 REVIEW OF UST MOTION TO APPOINT OR CONVERT
DISMISSAL, VENUE, ABSTENTION, AND
WITHDRAWAL
3/22/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF SEC DOCS IN SUPPORT OF UST DOCS
DISMISSAL, VENUE, ABSTENTION, AND
WITHDRAWAL
3/23/2011 RMS 	0.20 	400.00 	80.00 REVIEW OF PORTIONS OF REPLY TO UST MOTION
DISMISSAL, VENUE, ABSTENTION, AND
WITHDRAWAL
678.00 	282,541.69
ATTORNEY BLENDED RATE
AMG 	550
AJG 	315.4151851
BBN 	325
FBR 	475
HFF 	400
JDD 	425
KS 	201.3524937
LN 	110
LP 	450
LS 	400
MEB 	500
RMS 	400
RRL 	550
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Schedule B
1
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
3/9/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO INQUIRIES FROM MERRILL
INCLUDING CONFERENCES WITH MITCH GREENE
AND BRENDA NATARAJAN 	CASE ADMINISTRATION
3/10/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO MERRILL INQUIRIES INCLUDING
REVIEW OF FILE INFORMATION 	CASE ADMINISTRATION
3/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO MERRILL INQUIRIES INCLUDING
TELEPHONE CALL WITH MITCH GREENE AND
EMAIL TO RAY HESLIN ON SAME 	CASE ADMINISTRATION
3/21/2011 HEF 	1.0 	$400.00 	$400.00
ATTENTION TO BANKING MATTERS INCLUDING
REVIEW OF FILE DOCUMENTS AND TELEPHONE
CALLS (1.0);, 	CASE ADMINISTRATION
3/22/2011 HEF 	1.8 	$400.00 	$720.00
ATTENTION TO BANKING ISSUES INCLUDING
REVIEW OF FILE DOCUMENTS (1.8) 	CASE ADMINISTRATION
3/23/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO OPERATIONAL ISSUES
INCLUDING TELEPHONE CALLS WITH, AND
EMAILS TO AND FROM, CAROL GLOSPIE
(NEWCO SERVICES) (.3); 	CASE ADMINISTRATION
3/25/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO REQUESTS FROM DON DEVITT
RE: NFA INCLUDING TELEPHONE CALL FROM
DON DEVITT (.2); 	CASE ADMINISTRATION
3/31/2011 HEF 	1.7 	$400.00 	$680.00
ATTENTION TO GENERAL PARTNER AND
MANAGER ELECTION ISSUES INCLUDING
REVIEW OF GOVERNANCE DOCUMENTS 	CASE ADMINISTRATION
4/6/2011 HEF 	0.8 	$400.00 	$320.00
ATTENTION TO NFAlNORTHLIGHT SWAPS AND
OTHER PAYMENTS ISSUES INCLUDING REVIEW
OF EMAILS FROM DON DEVITT AND MITCHELL
GREENE (.8); 	CASE ADMINISTRATION
4/7/2011 HEF 	1.0 	$400.00 	$400.00
ATTENTION TO SWAPS ISSUED BY NORTHLIGHT
INCLUDING EMAILS TO AND FRO BOB WOODS,
DON DEVITT AND A. MITCHELL GREENE 	CASE ADMINISTRATION
4/7/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO MERRILL SERVICING FEES ISSUE
INCLUDING EMAIL FROM ALAN PLESKOW (.2); 	CASE ADMINISTRATION
4/11/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO NORTHLIGHT ARRANGEMENT
INCLUDING CONFERENCE WITH ADAM GREENE
(.7); 	CASE ADMINISTRATION
4/12/2011 HEF 	1.2 	$400.00 	$480.00
ATTENTION TO NORTHLIGHT DISPUTE RE SWAPS
AND OTHER PAYMENTS INCLUDING
CONFERENCES WITH RAY HESLIN AND A
MITCHELL GREENE (1.2); 	CASE ADMINISTRATION
4/13/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO NORTHLIGHT SWAPS ISSUES
INCLUDING CONFERENCES WITH A MITCHELL
GREENE (.7); 	CASE ADMINISTRATION
4/13/2011 HEF 	2.8 	$400.00 	$1,120.00
ATTENTION TO ISSUES RAISED RE: OPERATING
AGREEMENTS & VOTING PROVISIONS IN
BANKRUPTCY TRUSTEE'S MOTION INCLUDING
CONFERENCES WITH A. MITCHELL GREENE;
ROBERT R. LEINWAND AND ADAM J. GREENE
(2.8); 	CASE ADMINISTRATION
4/14/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO NFA SWAPS ISSUES INCLUDING
CONFERENCES WITH A. MITCHELL GREENE RE:
NL COLLATERAL (.5); 	CASE ADMINISTRATION
4/14/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO ISSUES RAISED BY JUDGE
BERNSTEIN REGARDING RAY HESLIN
MANAGEMENT OF UC FAMILY LP AND
WEST END FUNDS INCLUDING CONFERENCES
WITH A. MITCHELL GREENE, ROBERT R.
LEINWAND AND KAVNEET SETHI 	CASE ADMINISTRATION
4/15/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO ISSUES REGARDING WEST END
CASH LIQUIDITY FUND INCLUDING
CONFERENCES WITH A. MITCHELL GREENE AND
RAY HESLIN (.6); 	CASE ADMINISTRATION
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Schedule B
2
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
4/15/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO ISSUE RAISED BY JUDGE
BERNSTEIN REGARDING LIMITATIONS ON
LIMITED PARTNERS FROM HAVING
MANAGEMENT ROLES IN WEST END ENTITIES
INCLUDING REVIEW OF APRIL 12, 2011
TRANSCRIPT (1.1) 	CASE ADMINISTRATION
4/17/2011 HEF 	2.1 	$400.00 	$840.00
ATTENTION TO ISSUES RAISED BY JUDGE
BERNSTEIN INCLUDING PROOFREAD AND REVISE
FIRST DRAFT OF MEMO
ADDRESSING PRESUMED INTERIM NATURE OF
RAY HESLIN
APPOINTMENT AND SUPPOSED LIMITATIONS
ON LIMITED PARTNERS HOLDING CONTROL
POSITIONS IN WEST END FUNDS 	CASE ADMINISTRATION
4/18/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO SWAPS ISSUES INCLUDING
EMAILS TO AND FROM RYAN LUSIC (NFA
LOANS), RAY HESLIN, DON DEVITT, A. MITCHELL
GREENE AND JAYAN KRISHNAN (DZ BANK) (.6) 	CASE ADMINISTRATION
4/18/2011 HEF 	3.3 	$400.00 	$1,320.00
ATTENTION TO ISSUES RAISED BY JUDGE
BERNSTEIN INCLUDING RESEARCH REGARDING
LIMITING CLAUSES ON
TERMS OF OFFICERS, GENERAL PARTNERS AND
MANAGERS (3.3) 	CASE ADMINISTRATION
4/19/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO DEBTOR TIERS INCLUDING
REVIEW OF DOCUMENTS (.2); 	CASE ADMINISTRATION
4/20/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO CASH COLLATERAL ISSUES
INCLUDING REVIEW OF DRAFT OF INTERIM
ORDER AUTHORIZING USE OF CASH
COLLATERAL 	CASE ADMINISTRATION
4/20/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO ISSUES RAISED BY JUDGE
BERNSTEIN INCLUDING REVIEW OF
DOCUMENTS (.7); 	CASE ADMINISTRATION
4/26/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO MEMO ADDRESSING ELECTION
AND LIMITATIONS ON LIMITED PARTNERS
ISSUES RAISED BY JUDGE BERNSTEIN (.7) 	CASE ADMINISTRATION
4/27/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO CASE STRATEGY INCLUDING
CONFERENCES WITH ROBERT LEINWAND AND
JOHN D'ERCOLE. 	CASE ADMINISTRATION
4/28/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO CASE PREPARATION INCLUDING
CONFERENCES WITH A. MITCHELL GREENE
MITCHELL GREENE AND JOHN D'ERCOLE 	CASE ADMINISTRATION
5/2/2011 HEF 	0.8 	$400.00 	$320.00
ATTENTION TO CASE PREPARATION INCLUDING
CONFERENCES WITH ADAM GREENE (.8) 	CASE ADMINISTRATION
5/2/2011 HEF 	1.5 	$400.00 	$600.00
ATTENTION TO CASE PREPARATION INCLUDING
REVIEW OF FILE DOCUMENTS REGARDING RISK
ADJUSTED DEBT NOTES (1.5) 	CASE ADMINISTRATION
5/16/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO CASE PREPARATION INCLUDING
CONFERENCES WITH FRED RINGEL AND ADAM
GREENE. 	CASE ADMINISTRATION
5/17/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO CASE PREPARATION INCLUDING
CONFERENCES WITH A. MITCHELL GREENE,
FRED RINGEL AND LORI SCHWARTZ 	CASE ADMINISTRATION
5/23/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO CENTURY CLAIM INCLUDING
CONFERENCE WITH BRENDA NATARAJAN (.2); 	CASE ADMINISTRATION
5/25/2011 HEF 	0.5 	$400.00 	$200.00
ATIENTION TO CENTURY LIEN CLAIM INCLUDING
CONFERENCE WITH BRENDA NATARAJAN (.5); 	CASE ADMINISTRATION
5/25/2011 HEF 	1.0 	$400.00 	$400.00
ATIENTION TO AUDIT INQUIRY INCLUDING
REVIEW OF NOTATED BILLING MEMORANDUM
AND CORRESPONDING DAILY TIME SHEETS (1.0) CASE ADMINISTRATION
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3
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
5/26/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO CLAIMED CENTURY LIEN
INCLUDING CONFERENCES WITH MARSHALL
BERNSTEIN AND BRENDA NATARAJAN RE:
POLISHING MEMO 	CASE ADMINISTRATION
5/26/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO BASILE CLAIM REGARDING
SOUTHWOOD COURT PROPERTIES LLC
INCLUDING TELEPHONE CALL WITH DON DEVITT
(.4) 	CASE ADMINISTRATION
5/26/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO PROPOSED FUSION
TRANSACTION INCLUDING CONFERENCE WITH
A. MITCHELL GREENE; EMAILS TO LEE PERSHAN
AND MEGAN PETRUS (.2); 	CASE ADMINISTRATION
6/1/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO NORTHLIGHT COLLATERAL
ISSUES INCLUDING REVIEW OF NORTHLIGHT
LOAN AGREEMENT REGARDING WEST END
SPECIAL OPPORTUNITY FUND AND WEST END
CASH
LIQUIDITY FUND (. 1); 	CASE ADMINISTRATION
6/2/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO PROPOSED FUSION
TRANSACTION INCLUDING REVIEW OF CLIENT
DOCUMENTS (.5); 	CASE ADMINISTRATION
6/3/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO INQUIRIES FROM FTI
CONSULTING INCLUDING CONFERENCE CALL
WITH RAY HESLIN AND MARK GREENBERG (.4) 	CASE ADMINISTRATION
6/3/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO CENTURY LIEN ISSUES
INCLUDING CONFERENCE WITH BRENDA
NATARAJAN (.2); 	CASE ADMINISTRATION
6/6/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO ISSUES RE: CENTURY LIENS
INCLUDING CONFERENCE WITH BRENDA
NATARAJAN REGARDING DRAFT
OF MEMO (.3); 	CASE ADMINISTRATION
6/6/2011 HEF 	1.4 	$400.00 	$560.00
ATTENTION TO ISSUES REGARDING MERRILL
HOLDINGS IN NFA FUNDING LLC AND RELATED
ITEMS 	CASE ADMINISTRATION
6/6/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO NORTHLIGHT AND WEST LB
ISSUES 	CASE ADMINISTRATION
6/7/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO CENTURY CLAIM TO COLLATERAL
FROM WE/MERCURY INCLUDING REVIEW OF
DOCUMENTS (.5); 	CASE ADMINISTRATION
6/7/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO REQUESTS FROM FTI
CONSULTING 	CASE ADMINISTRATION
6/7/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO FUSION MATTER INCLUDING
REVIEW OF DOCUMENTS 	CASE ADMINISTRATION
6/8/2011 HEF 	1.6 	$400.00 	$640.00
ATTENTION TO REQUESTS OF FTI CONSULTING
INCLUDING REVIEW OF FILES, PREPARATION OF
DOCUMENTS AND
RESPONSES 	CASE ADMINISTRATION
6/8/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO CENTURY CLAIMS REGARDING
WEST END/MERCURY 	CASE ADMINISTRATION
6/21/2011 HEF 	2.8 	$400.00 	$1,120.00
ATTENTION TO SERVICER ISSUES INCLUDING
REVIEW OF SERVICER AGREEMENTS (2.8) 	CASE ADMINISTRATION
6/21/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO CAPLEASE ISSUES INCLUDING
CONFERENCE WITH ADAM GREENE 	CASE ADMINISTRATION
6/24/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO NORTHLIGHT AND WESTLB
ISSUES INCLUDING CONFERENCES WITH A
MITCHELL GREENE AND JOHN D'ERCOLE 	CASE ADMINISTRATION
6/27/2011 HEF 	0.4 	$400.00 	$160.00
A TIENTION TO NORTH LIGHT MA TIERS
INCLUDING CONFERENCE WITH BRENDA
NATARAJAN 	CASE ADMINISTRATION
6/28/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO CAPLEASE ISSUES INCLUDING
CONFERENCE WITH ADAM GREENE 	CASE ADMINISTRATION
6/28/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO NORTHLIGHT MATTERS
INCLUDING REVISE DOCUMENTS AND EMAIL TO
ADAM GREENE AND ROBERT LEINWAND RE: ML
& ITS INTEREST IN NFA 	CASE ADMINISTRATION
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Schedule B
4
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
6/29/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO KULISH MATTERS INCLUDING
TELEPHONE CALL WITH ELLEN BURKE (1.1) 	CASE ADMINISTRATION
6/30/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO KULISH MATTERS INCLUDING
CONTINUED PREPARATION OF DOCUMENTS 	CASE ADMINISTRATION
7/5/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO FTI CONSULTING REQUESTS FOR
INFORMATION INCLUDING EMAILS TO AND
FROM FRED RINGEL, ESQ. 	CASE ADMINISTRATION
7/6/2011 HEF 	0.8 	$400.00 	$320.00
ATTENTION TO FTI CONSULTING DOCUMENT
REQUESTS INCLUDING REVIEW OF DOCUMENTS
AND EMAILS TO AND FROM FRED RINGEL, ESQ.
AND MEGAN PETRUS, ESQ. 	CASE ADMINISTRATION
7/7/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO FTI DOCUMENTS REQUESTS
INCLUDING COMPILE CERTAIN REQUESTED
DOCUMENTS AND EMAIL TO
FRED RINGEL, ESQ. 	CASE ADMINISTRATION
8/1/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO PREPARATION OF BANKRUPTCY
PLAN INCLUDING WORK WITH ADAM GREENE
ON NORTHLIGHT AND
THEIR LIENS. 	CASE ADMINISTRATION
8/1/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO INSURANCE COVERAGE CLAIM
INCLUDING CONFERENCE WITH JOHN D'ERCOLE
AND ADAM GREENE RE:
SENTIALS AFFILIATE V. SUBSIDIARIES (.4); 	CASE ADMINISTRATION
8/1/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO CENTURY MATTER INCLUDING
REVIEW OF EMAILS FROM BRENDA NATARAJAN CASE ADMINISTRATION
8/2/2011 HEF 	1.3 	$400.00 	$520.00
ATTENTION TO PLAN INCLUDING CONFERENCE
WITH FRED RINGEL REGARDING CAP LEASE AND
KULISH MATTERS(1 .3); 	CASE ADMINISTRATION
8/3/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO PREPARATION OF BANKRUPTCY
PLAN INCLUDING CONFERENCES WITH FRED
RINGEL AND MITCHELL
GREENE (.2); 	CASE ADMINISTRATION
8/4/2011 HEF 	1.3 	$400.00 	$520.00
WORK ON PLAN ISSUES INCLUDING ATTENTION
TO SWAP BREAKAGE ISSUES INCLUDING
SEVERAL CONFERENCES WITH
FRED RINGEL AND MITCHELL GREENE (1.3); 	CASE ADMINISTRATION
8/5/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO BANKRUPTCY PLAN INCLUDING
REVIEW OF WEST END REAL ESTATE
DOCUMENTS (1.1); 	CASE ADMINISTRATION
8/8/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO NORTHLIGHT AND CAP LEASE
INCLUDING CONFERENCES WITH MITCHELL
GREENE, FRED RINGEL, ADAM
GREENE AND LEE PERSHAN (.3); 	CASE ADMINISTRATION
8/9/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO NORTHLIGHT ISSUES INCLUDING
REVIEW OF UNDERLYING DOCUMENTS (1 .1); 	CASE ADMINISTRATION
8/10/2011 HEF 	1.7 	$400.00 	$680.00
ATTENTION TO NORTHLIGHT ISSUES INCLUDING
CONFERENCES WITH MITCHELL GREENE, ADAM
GREENE AND
ERIC KORSTEN OF FOCUS CAPITAL 	CASE ADMINISTRATION
8/19/2011 HEF 	1.2 	$400.00 	$480.00
ATTENTION TO SWAPS AND NORTHLIGHT
COLLATERAL ISSUES INCLUDING REVIEW OF
DOCUMENTS (1.2); 	CASE ADMINISTRATION
8/22/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO SWAPS ISSUE IN RESPECT TO
NORTHLIGHT CLAIMS INCLUDING CONFERENCES
WITH BRENDA NATARAJAN
AND ADAM GREENE (.1) 	CASE ADMINISTRATION
8/23/2011 HEF 	2.2 	$400.00 	$880.00
ATTENTION TO NORTHLIGHT CLAIMS RE: SWAP
PAYMENTS INCLUDING REVIEW OF
DOCUMENTS; REVIEW OF EMAILS
INCLUDING 04/11/11 EMAIL TO BOB WOODS,
04/12/11 EMAIL TO MARC LOPRESTI, 05/08/11
EMAIL TO ROBERT LEINWAND (2.2); 	CASE ADMINISTRATION
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Schedule B
5
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
8/24/2011 HEF 	4.9 	$400.00 	$1,960.00
ATTENTION TO ISSUES REGARDING NORTH
LIGHT MANAGEMENT FEES INCLUDING REVIEW
OF DECEMBER 18,
2009 LOAN DOCUMENTS (.8); NORTH LIGHT
DISTRESSED REAL
ESTATE FUND LP AGREEMENT (.4); FOUR (4)
NORTHLIGHT
TRANSFER AND EXCHANGE AGREEMENTS (1.9);
NORTHLIGHT
FOOD FRANCHISE FUND LP AGREEMENT
(1.0);NORTHLIGHT
FOOD FRANCHISE FUND II, LP AGREEMENT (.5);
AND
NORTHLIGHT EQUIPMENT FUND I, LP
AGREEMENT (.3); 	CASE ADMINISTRATION
9/8/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO NORTH LIGHT CLAIMS
INCLUDING REVIEW DECEMBER 2009 LOAN
AGREEMENT (1.1); 	CASE ADMINISTRATION
9/12/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO BANKRUPTCY PLAN MATTERS
INCLUDING CONFERENCE WITH FRED RINGEL
REGARDING FORMS OF
PROMISSORY NOTE AND SECURITY AGREEMENT
FOR
NORTHLIGHT, IBERIA BANK AND CAPLEASE
SERVICES CORP. 	CASE ADMINISTRATION
9/13/2011 HEF 	1.0 	$400.00 	$400.00
ATTENTION TO DISCLOSURE STATEMENT ISSUES
INCLUDING CONFERENCES WITH MITCHELL
GREENE (.7) AND FRED RINGEL
(.3) 	CASE ADMINISTRATION
9/16/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO WATERFALL ISSUES INCLUDING 2
CONFERENCES W/ A. MITCHELL GREENE (.7) &
(.4) 	CASE ADMINISTRATION
9/18/2011 HEF 	4.1 	$400.00 	$1,640.00
ATTENTION TO WATERFALL ISSUES INCLUDING
REVIEW OF
AUGUST 2011 WATERFALL REPORTS (2.6); AND
DECEMBER 18,
2009 NORTHLIGHT LOAN AGREEMENT (1 .5) 	CASE ADMINISTRATION
9/19/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO EXAMINER INQUIRIES
INCLUDING REVIEW OF
CORRESPONDENCE WITH KATIE KADLEC AT
NATIONAL
FRANCHISE ACCEPTANCE, LLC (1 .1); 	CASE ADMINISTRATION
9/26/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO WESTLB QUESTIONS INCLUDING
REVIEW OF DOCUMENTS (.5); 	CASE ADMINISTRATION
9/27/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WESTLB QUESTIONS INCLUDING
CONFERENCE WITH FRED RINGEL (.2); 	CASE ADMINISTRATION
9/27/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO SOUTHWOOD COURT
TRANSACTION INCLUDING EMAIL FROM DON
DEVITT (.1); EMAIL TO MITCHELL GREENE (.2) 	CASE ADMINISTRATION
9/28/2011 HEF 	2.0 	$400.00 	$800.00
ATTENTION TO W/E MORTGAGE OPPORTUNITY
FUND LP ISSUES INCLUDING REVIEW OF
DECEMBER 15,2003 PROMISSORY NOTE FROM
CHICAGO DIVERSIFIED FOODS CORP (.4).;
REVIEW OF W/E MORTGAGE OPPORTUNITY
FUND FILE DOCUMENTS (1.2); EMAILS TO AND
FROM DON DEVITT (.2); AND MITCHELL GREENE
(.2); 	CASE ADMINISTRATION
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Schedule B
6
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
9/29/2011 HEF 	3.1 	$400.00 	$1,240.00
ATTENTION TO CHICAGO DIVERSIFIED FOODS
PROMISSORY NOTE INCLUDING REVIEW OF W/E
MORTGAGE OPPORTUNITY
FUND LP DOCUMENTS (1.7); DETERMINE
APPLICABLE CURRENT FLOATING INTEREST RATE
(1 .0); CONFERENCE WITH LEE PERSHAN RE
NOTE & WHETHER WEFA COULD ACCELERATE
SAME (.2); EMAILS TO AND FROM DON DEVITT,
MITCHELL
GREENE AND LEE PERSHAN RE: ACCELERATION
OF THE LOAN
(.2). 	CASE ADMINISTRATION
9/30/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO SOUTHWOOD COURT
SUBORDINATION AGREEMENT INCLUDING
EMAILS TO AND FROM MITCHELL
GREENE (.3); 	CASE ADMINISTRATION
9/30/2011 HEF 	3.1 	$400.00 	$1,240.00
ATTENTION TO NORTHLIGHT WESTLB ISSUES
INCLUDING EMAILS TO AND FROM MARC
LOPRESTI (.3); REVIEW OF
DECEMBER 18, 2009 SECOND AMENDMENT TO
WESTLB CREDIT AGREEMENT (1 .0) AND
09/21/07 WESTLB CREDIT AGREEMENT (1 .8). 	CASE ADMINISTRATION
10/3/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO PROPOSED AMAGANSETT
SUBORDINATION AGREEMENT INCLUDING
REVIEW OF UNDERL YING DOCUMENTS 	CASE ADMINISTRATION
10/3/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO DISCLOSURE STATEMENT
PREPARATION INCLUDING CONFERENCES WITH
MITCHELL GREENE (.2); AND
FRED RINGEL REGARDING AMENDED WESTLB
CREDIT
AGREEMENT (.3). 	CASE ADMINISTRATION
10/4/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO AMAGANSETT MATTER
INCLUDING CONFERENCE WITH MITCHELL
GREENE 	CASE ADMINISTRATION
10/5/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO ISSUES RELATING TO DZ BANK
HEDGE AGREEMENTS INCLUDING CONFERENCE
WITH MITCHELL
GREENE (.2); 	CASE ADMINISTRATION
10/6/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO FORM PROMISSORY NOTES AND
MORTGAGES TO NORTHLIGHT, CAPLEASE AND
CENTURY INCLUDING EMAILS
TO AND FROM FRED RINGEL (2); 	CASE ADMINISTRATION
10/10/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO AMAGANSETT MATTER
INCLUDING LETTER FROM ROBERT KOUFFMAN
(.2); 	CASE ADMINISTRATION
10/10/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO ISSUES PERTAINING TO
NORTHLIGHT MANAGEMENT FEES INCLUDING
CONFERENCE WITH ADAM
GREENE. 	CASE ADMINISTRATION
10/12/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO PROPOSED SOUTHWOOD
COURT TRANSACTION INCLUDING EMAILS TO
AND FROM DON DEVITT (.2) AND CONFERENCE
WITH MITCHELL GREENE. (.2) 	CASE ADMINISTRATION
10/12/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO PROPOSED AMENDMENT OF
NORTHLIGHT LOAN INCLUDING CONFERENCE
WITH ADAM GREENE. 	CASE ADMINISTRATION
10/12/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO SWAP AGREEMENT ISSUES
INCLUDING EMAILS TO AND FROM DON DEVITT
(.2) AND CONFERENCE WITH
MITCHELL GREENE (.1) 	CASE ADMINISTRATION
10/13/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO ISSUES REGARDING SWAP
AGREEMENTS INCLUDING CONFERENCE WITH
MITCHELL GREENE AND ADAM
GREENE (.4); 	CASE ADMINISTRATION
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Schedule B
7
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
10/13/2011 HEF 	1.5 	$400.00 	$600.00
ATTENTION TO NORTHLIGHT CLAIM FOR
DEFAULT INTEREST INCLUDING REVIEW OF
NORTHLIGHT LOAN DOCUMENTS (1.2)
AND CONFERENCE WITH MITCHELL GREENE
AND ADAM
GREENE (.3). 	CASE ADMINISTRATION
10/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO ISSUES REGARDING SWAP
AGREEMENTS INCLUDING EMAILS TO AND
FROM JAYAN KRISHNAN (.3) 	CASE ADMINISTRATION
10/18/2011 HEF 	0.8 	$400.00 	$320.00
ATTENTION TO HEDGE AGREEMENT BREAKAGE
ISSUES INCLUDING EMAILS TO AND FROM
JAYAN KRISHNAN (DZ BANK) (.5); AND BRENDA
NATARAJAN (.3); 	CASE ADMINISTRATION
10/19/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO HEDGE AGREEMENT BREAKAGE
ISSUES INCLUDING CONFERENCE WITH BRENDA
NATARAJAN AND
MITCHELL GREENE (.2); EMAILS TO AND FROM
BRENDA
NATARAJAN AND EMILY DEVILLA (.2). 	CASE ADMINISTRATION
11/1/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO SOUTHWOOD COURT MATTERS
INCLUDING CONFERENCE WITH MITCHELL
GREENE AND LORI SCHWARTZ
(.3); 	CASE ADMINISTRATION
11/2/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO SOUTHWOOD COURT MATTER
INCLUDING CONFERENCES WITH MITCHELL
GREENE (.2); AND LORI
SCHWARTZ (.1); 	CASE ADMINISTRATION
11/3/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO SOUTHWOOD COURT
TRANSACTION INCLUDING EMAILS AND LETTERS
TO AND FROM BOB KAUFMAN, JOE KENEALLY
AND PECONIC ABSTRACT (.7); 	CASE ADMINISTRATION
12/5/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO PROPOSED LOAN MODIFICATION
INCLUDING CONFERENCE WITH ADAM GREENE. CASE ADMINISTRATION
12/5/2011 HEF 	1.8 	$400.00 	$720.00
ATTENTION TO PROPOSED LOAN MODIFICATION
INCLUDING REVIEW OF NORTHLIGHT
DISCUSSION OUTLINE OF CERTAIN
KEY LOAN RESTRUCTURING TERMS. 	CASE ADMINISTRATION
12/13/2011 HEF 	1.4 	$400.00 	$560.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING REVIEW AND REVISE DRAFT OF
MEMBERSHIP INTEREST
PURCHASE AGREEMENT. 	CASE ADMINISTRATION
12/13/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING CONFERENCE WITH ADAM GREENE. CASE ADMINISTRATION
12/13/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING CONFERENCE WITH MITCHELL
GREENE 	CASE ADMINISTRATION
12/13/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING EMAIL TO MITCHELL GREENE 	CASE ADMINISTRATION
12/13/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING REVIEW PROPOSED CONSENTS TO
NORTH LIGHT MEMBER. 	CASE ADMINISTRATION
12/13/2011 HEF 	1.2 	$400.00 	$480.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING REVIEW NORTHLIGHT FILE
INCLUDING JANUARY, 2010 SIDE
LETTER AGREEMENT REGARDING FEES. 	CASE ADMINISTRATION
12/13/2011 HEF 	0.7 	$400.00 	$280.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING REVIEW PROPOSED CONSENTS 	CASE ADMINISTRATION
12/13/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING REVIEW 12/13/11 NORTH LIGHT
MEMO REGARDING MCC
FUNDING PERFORMANCE. 	CASE ADMINISTRATION
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Schedule B
8
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
12/13/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO PROPOSED KULISH TRANSFERS
INCLUDING CONFERENCE WITH MITCHELL
GREENE REGARDING ABOVE
NORTHLIGHT MEMO. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.8 	$400.00 	$320.00
ATTENTION TO PROPOSED MODIFICATION OF
DZ BANK CREDIT FACILITY INCLUDING REVIEW
OF DRAFT OF FIRST AMENDMENT TO THIRD
(3RD) AMENDED AND RESTATED FRANCHISE
LOAN ORIGINATION AGREEMENT. 	CASE ADMINISTRATION
12/14/2011 HEF 	1.0 	$400.00 	$400.00
ATTENTION TO PROPOSED MODIFICATION OF
DZ BANK CREDIT FACILITY INCLUDING REVIEW
OF NORTH LIGHT FILE FOR JUNE
11,2010 FRANCHISE LOAN AGREEMENTS 	CASE ADMINISTRATION
12/14/2011 HEF 	1.4 	$400.00 	$560.00
ATTENTION TO PROPOSED MODIFICATION OF
DZ BANK CREDIT FACILITY INCLUDING REVIEW
OF JANUARY 26,2010 SECOND
AMENDED AND RESTATED FRANCHISE LOAN
ORIGINATION
AGREEMENT 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO PROPOSED MODIFICATION OF
DZ BANK CREDIT FACILITY INCLUDING EMAIL TO
MITCHELL GREENE REGARDING
DRAFT OF AMENDMENT 	CASE ADMINISTRATION
12/14/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING REVIEW OF SCIOTO LLC
AGREEMENT REGARDING
TRANSFERS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING REVIEW OF BURGUNDY
LLC AGREEMENT
REGARDING TRANSFERS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING REVIEW OF 90 LLC
AGREEMENT REGARDING
TRANSFERS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING REVIEW OF EASTON
RIDGE LLC AGREEMENT
REGARDING TRANSFERS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING REVIEW OF IVYWOOD
LLC AGREEMENT REGARDING TRANSFERS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING CONFERENCE WITH
MITCHELL GREENE REGARDING ABOVE
TRANSFER RESTRICTIONS. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING CONFERENCE WITH
FRED RINGEL REGARDING
ABOVE TRANSFER RESTRICTIONS 	CASE ADMINISTRATION
12/14/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING EMAIL FROM ADAM
GREENE AND REVIEW NEW
DRAFT. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING CONFERENCE WITH
ADAM GREENE. 	CASE ADMINISTRATION
12/14/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO WEST END REAL ESTATE FUND
TRANSFERS INCLUDING EMAIL FROM RAY
HESLIN. 	CASE ADMINISTRATION
12/14/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO PROPOSED MODIFICATION OF
DZ BANK CREDIT FACILITY INCLUDING REVIEW
OF JANUARY 26, 2010 SECOND
AMENDED AND RESTATED FRANCHISE LOAN
FUNDING
AGREEMENT. 	CASE ADMINISTRATION
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Schedule B
9
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
12/16/2011 HEF 	0.1 	$400.00 	$40.00
ATTENTION TO WATERFALL ISSUES INCLUDING
EMAIL FROM MITCHELL GREENE REGARDING
PROPOSED AMENDMENT 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
EMAIL TO MARK HIRSCHHORN REGARDING
PROPOSED AMENDMENT 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
TELEPHONE CALL WITH RAY HESLIN REGARDING
PROPOSED AMENDMENT 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
TELEPHONE CALL WITH MITCHELL GREENE
REGARDING SHUT-OFF OF
WATERFALL. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
TELEPHONE CALL WITH RAY HESLIN REGARDING
SHUT-OFF OF WATERFALL. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
EMAILS TO AND FROM MARK HIRSCHHORN
REGARDING SHUT-OFF OF
WATERFALL. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WATERFALL ISSUES INCLUDING
EMAILS TO AND FROM MARK HIRSCHHORN AND
ADAM GREENE REGARDING
CONFERENCE CALL. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO WATERFALL ISSUES INCLUDING
WORK ON EMERGENCY ISSUES REGARDING
DEFAULT FRANCHISE LOANS. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO WATERFALL ISSUES INCLUDING
CONFERENCE CALL WITH NORTHLIGHT AND
MATT STEN REGARDING
DEFAULTED FRANCHISE LOANS 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
TELEPHONE CALL WITH RAY HESLIN AND ADAM
GREENE REGARDING
FRANCHISE LOANS NOW IN DEFAULT. 	CASE ADMINISTRATION
12/16/2011 HEF 	0.2 	$400.00 	$80.00
ATTENTION TO WATERFALL ISSUES INCLUDING
CONFERENCE WITH MITCHELL GREENE
REGARDING EMERGENCY ISSUES
FROM DEFAULTS 	CASE ADMINISTRATION
12/22/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO NEW NORTH LIGHT LOAN
INCLUDING EMAILS TO AND FROM MITCHELL
GREENE, ADAM GREENE AND FRED
RINGEL REGARDING SAME. 	CASE ADMINISTRATION
12/22/2011 HEF 	2.3 	$400.00 	$920.00
ATTENTION TO NEW NORTH LIGHT LOAN; BEGIN
REVIEW OF DRAFT OF LOAN AGREEMENT. 	CASE ADMINISTRATION
12/22/2011 HEF 	2.2 	$400.00 	$880.00
ATTENTION TO NEW NORTH LIGHT LOAN; BEGIN
REVIEW OF SECOND AMENDED PLAN 	CASE ADMINISTRATION
12/23/2011 HEF 	1.3 	$400.00 	$520.00
ATTENTION TO NEW NORTH LIGHT
TRANSACTION INCLUDING CONTINUED REVIEW
OF DRAFT OF LOAN AGREEMENT. 	CASE ADMINISTRATION
12/23/2011 HEF 	2.0 	$400.00 	$800.00
ATTENTION TO NEW NORTHLIGHT
TRANSACTION INCLUDING CONTINUED REVIEW
OF SECOND AMENDED PLAN OF
LIQUIDATION. 	CASE ADMINISTRATION
12/28/2011 HEF 	3.9 	$400.00 	$1,560.00
ATTENTION TO NEW NORTHLIGHT LOAN
INCLUDING PREPARE COMMENTS TO LOAN
AGREEMENT 	CASE ADMINISTRATION
12/28/2011 HEF 	1.2 	$400.00 	$480.00
ATTENTION TO NEW NORTHLIGHT LOAN
INCLUDING PREPARE COMMENTS TO PLEDGE
AGREEMENT 	CASE ADMINISTRATION
12/28/2011 HEF 	0.3 	$400.00 	$120.00
ATTENTION TO NEW NORTH LIGHT LOAN
INCLUDING PREPARE COMMENTS TO NEW
NOTE 	CASE ADMINISTRATION
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Schedule B
10
DATE 	ATTY 	TIME (hrs) 	RATE 	VALUE 	DIARY 	CHART
12/28/2011 HEF 	0.4 	$400.00 	$160.00
ATTENTION TO NEW NORTH LIGHT LOAN
INCLUDING EMAILS TO MITCHELL GREENE, FRED
RINGEL AND ADAM GREENE
REGARDING DRAFTS OF NEW LOAN
DOCUMENTS. 	CASE ADMINISTRATION
1/5/2012 HEF 	1.0 	$400.00 	$400.00
ATTENTION TO FROZEN DZ WATERFALL
INCLUDING REVIEW OF NEW DRAFT OF
PROPOSED THIRD AMENDED AND RESTATED
LENDER FEE LETTER AGREEMENT. 	CASE ADMINISTRATION
3/16/2011 HEF 	1.1 	$400.00 	$440.00
ATTENTION TO PROSPECTIVE CASH COLLATERAL
AGREEMENT WITH NORTH LIGHT INCLUDING
REVIEW OF DOCUMENTS (1.1) 	FINANCING
3/17/2011 HEF 	1.5 	$400.00 	$600.00
ATTENTION TO NON-COLLATERALIZED ASSETS
OF WEST END ENTITIES INCLUDING REVIEW OF
DZ BANK CREDIT FACILITY
DOCUMENTS, NORTHLIGHT LOAN DOCUMENTS
AND VRP
TRANSFER DOCUMENTS (1 .5) 	ASSET ANALYSIS AND RECOVERY
3/21/2011 HEF 	2.2 	$400.00 	$880.00
ATTENTION TO ISSUES IN RESPECT OF SWAPS
AND RADS INCLUDING REVIEW OF DOCUMENTS
(2.2) 	ASSET ANALYSIS AND RECOVERY
3/7/2011 HEF 	0.5 	$400.00 	$200.00
ATTENTION TO HOLDINGS IN KULISH ENTITIES
INCLUDING REVIEW OF FILE DOCUMENTS (.5) 	CASE PREPARATION
3/21/2011 HEF 	1.8 	$400.00 	$720.00
ATTENTION TO RADS ISSUES INCLUDING
REVIEW OF DOCUMENTS AND CONFERENCES
WITH MITCH GREENE AND
LEE PERSHAN ON SAME. 	CASE PREPARATION
3/24/2011 HEF 	1.5 	$400.00 	$600.00
ATTENTION TO CLAIMS OF DURESS INCLUDING
CONFERENCE WITH MITCH GREENE AND BOB
LEINWAND, REVIEW OF
CRANDALL DOCUMENTS (1 .5); 	CASE PREPARATION
3/25/2011 HEF 	2.0 	$400.00 	$800.00
ATTENTION TO RESPONSE TO U.S. TRUSTEE'S
MOTION INCLUDING PREPARATION OF
DOCUMENTS 	CASE PREPARATION
3/28/2011 HEF 	0.6 	$400.00 	$240.00
ATTENTION TO LITIGATION ISSUES INCLUDING
CONFERENCES WITH MITCH GREENE, ADAM
GREENE, RAY HESLIN AND LAURA
NASTRO (.6); 	CASE PREPARATION
134.9 	$400.00 $53,960.00
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Schedule C
1
Date 	Timekeeper 	Description 	Hours
3/15/2011 O'Neill 	Reviewed investor emails and voicemails 	1.5
3/16/2011 Radke 	Drafted and sent out email to West End investors re: bankruptcy 	2.0
3/18/2011 O'Neill 	Check investor emails and summarize same 	1.0
3/18/2011 O'Neill 	Assist with email to investors 	1.0
3/18/2011 Unger 	Review correspondence regarding developments 	1.0
3/21/2011 Radke 	Respond to investor emails and phone calls 	1.0
3/24/2011 O'Neill 	Emails and telephone calls regarding bankruptcy 	2.0
3/24/2011 O'Neill 	Drafted additional emails to investors 	2.2
3/24/2011 Radke 	Review and respond to investor emails 	1.0
3/28/2011 Unger 	Conference with Radke regarding developments 	1.0
3/28/2011 Unger 	Review of materials filed in bankruptcy court proceeding 	3.0
4/4/2011 Unger 	Review of information provided by West End 	1.5
4/4/2011 Radke 	Review and respond to investor email 	1.0
4/5/2011 Radke 	Conference with Unger on developments 	2.0
4/18/2011 Unger 	Review of materials for inclusion in preliminary report of Independent Monitor 	1.5
4/19/2011 Unger 	Review of materials for inclusion in preliminary report of Independent Monitor 	1.5
4/21/2011 Unger 	Review of additional materials received from Company 	1.0
5/9/2011 Unger 	Review recent bankruptcy filings 	1.0
5/9/2011 Unger 	Preparation for trip to attend court proceedings 	1.0
5/24/2011 Unger 	Preparation for bankruptcy hearing 	1.5
6/1/2011 Unger 	Review of recent bankruptcy filings 	0.5
6/6/2011 Unger 	Review of materials filed in bankruptcy proceeding 	1.0
6/13/2011 Unger
Review of recent bankruptcy court filings and compared to information provided directly
by company 	1.0
7/20/2011 Unger 	Conference with government attorneys regarding developments 	1.0
7/21/2011 Unger 	Research on Independent Monitor status issues 	1.0
7/21/2011 Radke 	Work on memorandum in response to motion to show cause 	2.5
7/22/2011 Unger 	Work on draft reply brief 	1.0
7/26/2011 Radke 	Preparation for 7/27 District Court hearing, reviewed briefs 	2.5
7/26/2011 Radke 	Reviewed West End Reply brief 	1.0
7/26/2011 Unger 	Reviewed West End reply brief and related filings 	2.5
7/27/2011 Radke 	Preparation for court hearing 	2.5
7/27/2011 Radke 	Conference with Unger and government attorneys 	1.0
7/27/2011 Unger 	Preparation for court hearing 	1.5
7/27/2011 Unger 	Conference with Radke and government attorneys 	1.0
9/7/2011 Unger 	Preparation for 9/8 bankruptcy court hearing 	1.0
9/8/2011 Unger 	Preparation for bankruptcy court hearing 	1.0
9/8/2011 Unger 	Preparation at bankruptcy court hearing 	1.5
9/8/2011 Radke 	Preparation for bankruptcy court hearing 	3.0
9/8/2011 Radke 	Preparation in bankruptcy court hearing 	1.5
Attorney 	Rate
Brown 	$595
Radke 	$525
Unger 	$487
Angelich 	$450
O'Neill 	$235
Utlik 	$325
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