case 11-35865-bjh11 doc 413-2 filed 01/13/12 entered 01/13 ...11/1/2011 holley, joshua 1.0 11/1/2011...
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Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 1 of 123
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 2 of 123
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 3 of 123
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 4 of 123
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 5 of 123
Date Employee Hours
11/1/2011 Henderson, George 3.2
11/2/2011 Henderson, George 5.6
11/3/2011 Henderson, George 2.5
11/4/2011 Henderson, George 3.1
11/4/2011 Henderson, George 1.2
11/8/2011 Henderson, George 1.2
11/10/2011 Henderson, George 1.2
11/13/2011 Henderson, George 0.7
11/14/2011 Henderson, George 1.6
20.3
Date Employee Hours
11/1/2011 Dishnica, Rick 0.4
11/2/2011 Dishnica, Rick 0.2
11/3/2011 Dishnica, Rick 0.2
11/4/2011 Dishnica, Rick 0.5
1.3
Date Employee Hours
11/1/2011 Dakan, Farley 0.6
11/1/2011 Dakan, Farley 0.9
11/1/2011 Dishnica, Rick 1.6
11/1/2011 Dishnica, Rick 0.4
11/1/2011 Henderson, George 1.1
11/1/2011 Henderson, George 1.3
11/1/2011 Holley, Joshua 1.0
11/1/2011 Holley, Joshua 0.5
11/1/2011 Holley, Joshua 0.4
11/1/2011 Rakunas, Ronald 0.8
Comment: -Correspondence regarding RE Loans investor lists
Comment: -updated budget
Sub Total:
Activity: Asset Analysis and Recovery
Comment: Woodbridge e-mails with borrower and discussion re response
Comment: Woodbridge e-mails with borrower
Comment: Call with Ron re: Lakeview and other loan sales.
Comment: Carlton updates
Sub Total:
Activity: Asset Disposition
Comment: call with colleagues regarding Santa Ysabel contracts
Comment: review and comment on JC Reeves contract
Comment: Pend Orielle call with attorney re: background of litigation and loan origination.
Comment: Santa Ysabel e-mails: sale of lot 26 and California DRE filing requirement for bankruptcy
Comment: -Correspondence with Perdido broker regarding potential offer
Comment: -Correspondence with Portola Borrower reagarding forbearance agreemetn
Comment: Review amended Lot 68 offer from Corliss and provide to Ausland with instructions to return.
Project Time Detail by ActivityProject: RE Loans
Project: RE Loans
Activity: Accounting / Auditing
Comment: -updated and modified budgets
Comment: -Updated and modified budgets
Comment: -variance reporting updates
Comment: -Correspondence regarding the reporting package for Wells Fargo
Comment: -Correspondence regarding the variance report and budget
Comment: -Correspondence with Kathleen Haley on Financials
Comment: - Cash-in discussion and document creation
Comment: Review amended Lot 26 offer on Ysabel.
Comment: Call with asset mangers re offers on Ysabel and disposition strategy.
Comment: Perdido sale document review and discussion.
Page 2
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11/1/2011 Rakunas, Ronald 0.6
11/1/2011 Rakunas, Ronald 1.3
11/1/2011 Rakunas, Ronald 0.6
11/1/2011 Weissenborn, Jim 0.3
11/1/2011 Weissenborn, Jim 0.6
11/2/2011 Dakan, Farley 0.5
11/2/2011 Dakan, Farley 0.4
11/2/2011 Dakan, Farley 0.2
11/2/2011 Dishnica, Rick 2.2
11/2/2011 Henderson, George 0.5
11/2/2011 Holley, Joshua 0.6
11/2/2011 Holley, Joshua 0.5
11/2/2011 Holley, Joshua 0.3
11/2/2011 Rakunas, Ronald 0.7
11/2/2011 Rakunas, Ronald 1.3
11/2/2011 Rakunas, Ronald 0.4
11/2/2011 Rakunas, Ronald 0.3
11/2/2011 Weissenborn, Jim 0.8
11/2/2011 Weissenborn, Jim 0.8
11/3/2011 Dakan, Farley 1.2
11/3/2011 Dakan, Farley 0.5
11/3/2011 Dakan, Farley 0.4
11/3/2011 Dakan, Farley 0.7
11/3/2011 Dishnica, Rick 1.1
11/3/2011 Henderson, George 1.0
11/3/2011 Holley, Joshua 0.6
11/3/2011 Holley, Joshua 0.5
11/3/2011 Rakunas, Ronald 0.9
Comment: Aquaterra sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Review of "Noble" amended complaint
Comment: Discuss various Canyon Club issues with colleagues
Comment: review/execute Santa Ysabel lot contract
Comment: review/execute documents for sale of JC Reeves lot
Comment: respond to request by potential purchaser on process for acquiring notes/reo
Comment: Pend Orielle due diligence calls, analysis and preparation for site visit including foreclosure process in
Idaho
Comment: -Correspondece with Woodbridge borrower regarding forbearance agreement
Comment: Correspondence with Ron R re two potential new offers on Sherwood View.
Comment: Correspondence with Chelsea Ausland re new Reeves offers from Edeleman and pending offers.
Comment: Organize offers and final correspondence to asset manager requesting final signatures on Lot 4
(Ysabel) and Lot 68 (Sherwood)
Comment: Pend Orielle sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Lakeview sale document review and discussion.
Comment: Call with colleagues regarding VST questions regarding DebtX and Land Advisors
Comment: Review of Vantage Lofts settlement agreement
Comment: meeting with walton international on portfolio sales
Comment: call with counsel regarding debtx/land advisors motions for employment
Comment: status call with counsel on las colinas transaction
Comment: call with colleagues regarding lot sales contracts and disposition timing
Comment: Pend Orielle call with attorneys re: judicial foreclosure and outstanding lawsuits.
Comment: -Correspondece regarding Santa Ysabel and JC Reeves contracts
Comment: Correspondence with counsel re Santa Ysabel and JC Reeves contracts and strategy for timing
closings.
Comment: Finalize JC Reeves and Ysabel contracts with signatures.
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11/3/2011 Rakunas, Ronald 0.4
11/3/2011 Weissenborn, Jim 0.6
11/3/2011 Weissenborn, Jim 0.4
11/4/2011 Dakan, Farley 0.7
11/4/2011 Dishnica, Rick 0.9
11/4/2011 Dishnica, Rick 0.3
11/4/2011 Henderson, George 1.6
11/4/2011 Holley, Joshua 0.3
11/4/2011 Holley, Joshua 1.5
11/4/2011 Holley, Joshua 0.4
11/4/2011 Holley, Joshua 0.8
11/4/2011 Holley, Joshua 0.3
11/4/2011 Rakunas, Ronald 1.2
11/4/2011 Rakunas, Ronald 0.9
11/4/2011 Rakunas, Ronald 1.3
11/4/2011 Weissenborn, Jim 0.7
11/5/2011 Holley, Joshua 0.3
11/7/2011 Dakan, Farley 0.3
11/7/2011 Dakan, Farley 0.8
Comment: AABW LOTT sale document review and discussion.
Comment: Discuss with colleagues various Northlight due diligence issues
Comment: Discussions with asset manager and respond to Corliss re curent JC Reeves contract.
Comment: call with counsel regarding las colinas order
Comment: review/discuss offer for Solaris lot
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Discuss with colleagues various Adams Canyon issues
Comment: Review of Vantage Lofts declaration
Comment: review disposition pipeline and pending transaction status
Comment: Pend Orielle legal review call and e-mails
Comment: Santa Ysabel lot sales e-mails
Comment: -Correspondence with Harmony and Solaris Brokers regarding potential sale
Comment: Correspondence with Jeff Feeney & Adam Green re status of listing.
Comment: Review and mark-up JC Reeves contracts provided by Corliss.
Comment: Correspondence with Ausland re JC Reeves contracts.
Comment: Correspondence with Corliss re Reeves contracts.
Comment: Correspondence with asset managers re Reeves contracts.
Comment: Weyrich Santa Ysabel sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Page 4
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11/7/2011 Dishnica, Rick 5.0
11/7/2011 Henderson, George 1.7
11/7/2011 Holley, Joshua 0.3
11/7/2011 Holley, Joshua 0.4
11/7/2011 Rakunas, Ronald 1.3
11/7/2011 Rakunas, Ronald 0.7
11/7/2011 Rakunas, Ronald 1.6
11/7/2011 Rakunas, Ronald 0.8
11/7/2011 Weissenborn, Jim 0.6
11/7/2011 Weissenborn, Jim 0.4
11/8/2011 Dakan, Farley 0.4
11/8/2011 Dakan, Farley 0.6
11/8/2011 Dishnica, Rick 6.2
11/8/2011 Henderson, George 0.6
11/8/2011 Holley, Joshua 0.4
11/8/2011 Holley, Joshua 0.3
11/8/2011 Rakunas, Ronald 1.9
11/8/2011 Rakunas, Ronald 1.3
11/8/2011 Rakunas, Ronald 0.4
11/8/2011 Weissenborn, Jim 0.6
11/8/2011 Weissenborn, Jim 0.5
11/8/2011 Weissenborn, Jim 0.6
11/9/2011 Dakan, Farley 0.5
11/9/2011 Dakan, Farley 0.7
11/9/2011 Dishnica, Rick 1.3
Comment: Correspondence with Vickie Mullins re Lot 4 final signed paperwork.
Comment: Follow up w/Don Corliss re JC Reeves contracts.
Comment: AABW LOTT sale PSA document review and discussion.
Comment: JC Reeves sales document review and discussion.
Comment: Quincy sale document review and discussion.
Comment: Call with colleagues regarding lot sale motion
Comment: Review of Howard Street transfer documents and discuss with colleagues
Comment: Call with colleagues regarding Committee questions regarding asset sale contracts
Comment: call with counsel regarding las colinas transaction
Comment: review checklist and documents provided by counsel for las colinas settlement/disposition
Comment: Response to Ralph Slateger contract termination. Discuss Pend Orielle contract termination with
colleagues.
Comment: -Correspondence with brokers on Solaris Parcel -Conference call regarding asset sale process
Comment: Correspondence with asset mangers re finalizing Lot 4 Ysabel transaction.
Comment: Correspondence with Chelsea Ausland re amended offers on Hedges Park.
Comment: AABW-LOTT PSA document review and discussion.
Comment: Solaris sale document review and discussion.
Comment: AABW - LOTT sale PSA document review and discussion.
Comment: JC Reeves PSA document review and update.
Comment: Call with colleagues regarding various Las Colinas issues
Comment: Review of revised Vantage Lofts declaraiton and settlement motion
Comment: review/execute contracts for santa ysabel lots
Comment: conf call with counsel on las colinas transaction
Comment: Site visit with Ralph, Mike and Rick to Idaho Club and Trestle Creek properties, collateral for Pend
Oreille loan. Returned to office and reviewed collateral details and issues related to note purchase.
Comment: -correspondence regarding Solaris parcel
Comment: Travel to Sand Point Idaho for Pend Orielle. Prepared for meeting on plane. Meeting at office and
dinner with Ralph Slateger, Richard Seefried and Michael Lavigne to discuss their purchase of RE Loans
promissory note.
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11/9/2011 Dishnica, Rick 1.2
11/9/2011 Dishnica, Rick 0.3
11/9/2011 Henderson, George 0.5
11/9/2011 Holley, Joshua 0.3
11/9/2011 Holley, Joshua 0.6
11/9/2011 Holley, Joshua 0.2
11/9/2011 Holley, Joshua 0.2
11/9/2011 Rakunas, Ronald 0.8
11/9/2011 Rakunas, Ronald 0.4
11/9/2011 Rakunas, Ronald 1.2
11/9/2011 Rakunas, Ronald 0.6
11/9/2011 Weissenborn, Jim 0.3
11/10/2011 Dakan, Farley 0.2
11/10/2011 Dakan, Farley 0.9
11/10/2011 Dishnica, Rick 0.5
11/10/2011 Dishnica, Rick 0.2
11/10/2011 Henderson, George 0.6
Comment: Call with colleague re: Bill McComsey, broker inquiry for 6 properties. Discuss Portola, Circle H and
Cottonwood with colleagues. Asset Management general discussion with colleagues.
Comment: Call with Vickie re: Santa Ysabel
Comment: -correspondence with Solaris brokers on potential offer.
Comment: Call with counsel re LakeView, Reeves and Ysabel motion to sale individual lots and standard invoice /
foreclosure discussions.
Comment: Correspondence with Ralph (buyer) re contract on Pend Oreille.
Comment: JC Reeves sale document review and discussion.
Comment: Pend Orielle sale document review and discussion.
Comment: Quincy sale document review and discussion.
Comment: Multiple calls with Chelsea Ausland re pending offers, threats from Jerry Reeves, and bk sales process.
Comment: Call with Vickie Mullins re DRE process, pending contracts and BK sales process.
Comment: Moses Point sale document review and discussion.
Comment: Review of Vantage Lofts final stipulation
Comment: review final lot release price schedule
Comment: asset status update with colleagues
Comment: Meeting with David and Connie Wade re: Portola @ Woodbridge.
Comment: Response to Ralph Slateger re: Pend Orielle contract termination.
Comment: -correspondence with Perdido broker on potential offer
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11/10/2011 Holley, Joshua 1.3
11/10/2011 Holley, Joshua 0.5
11/10/2011 Holley, Joshua 0.8
11/10/2011 Rakunas, Ronald 2.3
11/10/2011 Rakunas, Ronald 0.3
11/10/2011 Rakunas, Ronald 1.1
11/10/2011 Weissenborn, Jim 0.7
11/10/2011 Weissenborn, Jim 0.6
11/11/2011 Dakan, Farley 0.4
11/11/2011 Dakan, Farley 0.7
11/11/2011 Henderson, George 0.7
11/11/2011 Holley, Joshua 0.1
11/11/2011 Holley, Joshua 1.0
11/11/2011 Holley, Joshua 0.5
11/11/2011 Holley, Joshua 0.6
11/11/2011 Rakunas, Ronald 1.4
11/11/2011 Rakunas, Ronald 0.9
11/11/2011 Rakunas, Ronald 0.3
11/11/2011 Weissenborn, Jim 0.4
11/11/2011 Weissenborn, Jim 0.7
11/12/2011 Henderson, George 0.6
11/12/2011 Weissenborn, Jim 0.8
11/14/2011 Dakan, Farley 0.8
Comment: Review updated JC Reeves contracts (Monet's and Hedges) and provide comments to Corliss.
Comment: Provide 363 background info and foreclosure documentation to Ausland to support disposition of lots.
Comment: JC Reeves: Correspondence with Ausland and counsel re new offer on Hedges Park and implications to
current contract. Call with Chelsea Ausland re new offers on Brush, Sherwood, Tanner
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: AABW Brewhouse buyer document review and discussion.
Comment: Call with Committee advisors regarding asset sale contract questions
Comment: Review of MF08 asset transfer documents and discuss with colleagues
Comment: call with counsel on pending transactions
Comment: review initial draft of LOTT motion/declaration for sale
Comment: -Correspondence regarding Solaris LOI
Comment: Provide Unit 107 contract to Greg Jones to support motion to release lien on LakeView.
Comment: Multiple calls and correspondence with Chelsea Ausland re updated contracts and agreements on JC
Reeves.
Comment: Correspondence with counsel re Monet's Garden contract.
Comment: Correspondence with asset managers re communication with Alice Ford re DRE process and BK
impact on Ysabel.
Comment: AABW LOTT document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Quincy sale document review and discussion.
Comment: Review and discussion of Vantage Lofts pleadings
Comment: Call with colleagues regarding issues with asset sale contracts
Comment: -Correspondence regarding Vaught PSA
Comment: Review of draft LOTT sales motion and discussion with colleagues
Comment: call with colleagues on disposition pipeline
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11/14/2011 Dakan, Farley 0.8
11/14/2011 Dakan, Farley 0.2
11/14/2011 Dishnica, Rick 0.6
11/14/2011 Henderson, George 0.8
11/14/2011 Henderson, George 0.9
11/14/2011 Holley, Joshua 0.8
11/14/2011 Holley, Joshua 0.6
11/14/2011 Holley, Joshua 0.2
11/14/2011 Rakunas, Ronald 0.7
11/14/2011 Rakunas, Ronald 2.2
11/14/2011 Weissenborn, Jim 0.7
11/15/2011 Dakan, Farley 0.7
11/15/2011 Dakan, Farley 0.9
11/15/2011 Dishnica, Rick 1.1
11/15/2011 Dishnica, Rick 0.1
11/15/2011 Henderson, George 2.1
11/15/2011 Holley, Joshua 1.0
11/15/2011 Rakunas, Ronald 1.9
11/15/2011 Rakunas, Ronald 0.6
11/15/2011 Rakunas, Ronald 1.4
11/15/2011 Weissenborn, Jim 0.8
11/15/2011 Weissenborn, Jim 0.6
11/16/2011 Dakan, Farley 0.4
11/16/2011 Dakan, Farley 0.7
Comment: AABW LOTT sale PSA document review and discussions.
Comment: Quincy sale document review and discussion.
Comment: Georgetown sale document review and discussion.
Comment: Review of Lakeview, JC Reeves and Santa Ysabel sales motions
Comment: Call regarding Northlight and SEI document production issues
Comment: review disposition/cash in detail, discuss with colleagues
Comment: review/execute LOTT PSA
Comment: -correspondence with Woodbridge borrower
Comment: Multiple calls and email correspondence with Chelsea Ausland and Don Corliss re changes to Hedges
Park contract.
Comment: Internal correspondence and discussions re DRE approval at Ysabel and procedures to sell assets.
Inquire with counsel.
Comment: Call with interested party on status of Jacks Ranch.
Comment: JC Reeves sale document review and discussion.
Comment: AABW LOTT sale PSA document review and discussion.
Comment: Review of MF08 filings
Comment: review santa ysabel lot release prices and call with colleagues, review of comparable data
Comment: review quincy LOI, execute, discuss with colleagues
Comment: FTI call re: Vantage, Lakeview and Santa Ysabel.
Comment: Santa Ysabel e-mail.
Comment: -correspondence contract revisions regarding the Solaris PSA
Comment: Santa Ysabel: Review correspondence from Vickie Mullins. Internal correspondence re Ysabel DRE
approval and process. Review emails and respond to counsel re request from David Long re ownership on Ysabel -
subsequent call to Alice Ford and David Long.
Comment: review counter from buyer on Solaris lot and discuss with colleagues
Comment: call with counsel on Las Colinas disposition
Comment: Pend Orielle termination letter review and comment. Administration. Krause e-mail.
Comment: -correspondence regarding Solaris LOI
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11/16/2011 Henderson, George 1.7
11/16/2011 Holley, Joshua 0.2
11/16/2011 Holley, Joshua 1.1
11/16/2011 Holley, Joshua 0.8
11/16/2011 Holley, Joshua 1.0
11/16/2011 Rakunas, Ronald 1.8
11/16/2011 Rakunas, Ronald 0.7
11/16/2011 Rakunas, Ronald 0.3
11/16/2011 Weissenborn, Jim 0.4
11/17/2011 Dakan, Farley 0.4
11/17/2011 Dakan, Farley 0.5
11/17/2011 Dishnica, Rick 0.1
11/17/2011 Dishnica, Rick 0.3
11/17/2011 Henderson, George 0.5
11/17/2011 Holley, Joshua 0.5
11/17/2011 Rakunas, Ronald 2.1
11/17/2011 Rakunas, Ronald 0.5
11/17/2011 Weissenborn, Jim 0.7
11/18/2011 Dakan, Farley 0.7
11/18/2011 Dishnica, Rick 0.2
11/18/2011 Dishnica, Rick 0.1
11/18/2011 Henderson, George 1.6
11/18/2011 Holley, Joshua 1.2
11/18/2011 Holley, Joshua 0.7
11/18/2011 Rakunas, Ronald 1.2
11/18/2011 Rakunas, Ronald 0.7
11/18/2011 Rakunas, Ronald 0.4
Comment: -Correspondence and PSA review for Solaris
Comment: Correspondence with counsel re LakeView release prices for model units and remaining collateral.
Comment: JC Reeves: Review multiple Ausland emails / comments and follow up with Don Corliss re Hedges Park
PSA. Review amended contract and comments from D Corliss on Hedges Park contract.
Comment: Review Quincy LOI and CA and execute and return to Ron R.
Comment: Review LOTT contract. Farley execute and return to Ron.
Comment: AABW LOTT sale PSA document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Solaris sale PSA document review and discussion.
Comment: review disposition pipeline and previously received proceeds with counsel, committee professionals
Comment: Discuss BK administration and process with collegues
Comment: Call with Ralph Slateger re: Pend Orielle contract termination follow-up.
Comment: -Correspondence regarding Solaris purchase
Comment: Discuss various Las Colinas closing issues with colleagues
Comment: call with counsel on las colinas transaction
Comment: Review Hedges Park contract and call with internal counsel.
Comment: AABW LOTT sale PSA document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Review of proposed changes to Lund Advisors and DebtX motions
Comment: review/discuss blackline of LOTT motion
Comment: Calls with colleagues re: Pecos Creek water damage
Comment: e-mail review re: Vantage BK
Comment: -correspondence with Vaught purchaser on property tax issue -correspondence with Solaris brokers
regarding PSA negotiation
Comment: JC Reeves: Multiple calls with counsel to finalize drafts of Hedges Park and Monet's Garden contract.
Focus on CC&R issues and type of deed. Calls and emails with Ausland to coordinate finalizing Hedges Park and
Monet's Garden. Review Ausland emails on additional offers.
Comment: Asset Contracts: Reduce file size and provide ABW contract and escrow receipt to Tami and Steve
Hammond. Review correspondence from asset managers and corp counsel re Quincy PSA.
Comment: AABW LOTT sale PSA document review and discussion.
Comment: Quincy sale PSA document review and discussion.
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11/20/2011 Dakan, Farley 0.3
11/20/2011 Weissenborn, Jim 0.4
11/21/2011 Dakan, Farley 0.4
11/21/2011 Dakan, Farley 1.5
11/21/2011 Dishnica, Rick 0.4
11/21/2011 Dishnica, Rick 0.2
11/21/2011 Henderson, George 4.2
11/21/2011 Henderson, George 1.1
11/21/2011 Holley, Joshua 0.2
11/21/2011 Holley, Joshua 0.9
11/21/2011 Holley, Joshua 0.8
11/21/2011 Rakunas, Ronald 0.8
11/21/2011 Rakunas, Ronald 0.7
11/21/2011 Rakunas, Ronald 0.8
11/21/2011 Rakunas, Ronald 1.4
11/21/2011 Rakunas, Ronald 0.4
11/21/2011 Rakunas, Ronald 0.3
Comment: JC Reeves sale document review and discussion.
Comment: review WFCF counsel's comments on LOTT motion
Comment: Review of comments to Sale Motion
Comment: review declaration for LOTT sale
Comment: review memo, PSA, appraisal in support of Vaught transaction
Comment: Calls and e-mails re: Vantage church lease issue.
Comment: call with colleague re: Vaught contract BK approval
Comment: -preparation, email correspondence and phone call with the Vaught tract buyer regarding the PSA
Comment: -correspondence regarding the Solaris PSA
Comment: Georgetown: review and respond to S Bucklin re interest in Georgetown.
Comment: JC Reeves: email correspondence with Ausland re Hedges Park and Monet's Garden. Additional
correspondence on other pending offers. Review 'assignment of declarant rights' document and provide
instruction to corp counsel.
Comment: Quincy: Review PSA and comments from purchaser Provide loan history / information on Quincy to
prospective purchaser of note.
Comment: Review comments from Wells and Stutman re AABW LOTT PSA motion.
Comment: Review draft Declaration re AABW LOTT transaction.
Comment: Review draft declarations re JC Reeves sales.
Comment: Preliminary closing statement review and discussions re AABW LOTT transaction.
Comment: Quincy PSA review and discussion w/buyers.
Comment: Vaught correspondence review.
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11/21/2011 Weissenborn, Jim 0.6
11/21/2011 Weissenborn, Jim 0.3
11/21/2011 Weissenborn, Jim 0.5
11/21/2011 Weissenborn, Jim 0.6
11/21/2011 Weissenborn, Jim 0.6
11/22/2011 Dakan, Farley 1.2
11/22/2011 Dakan, Farley 0.9
11/22/2011 Dishnica, Rick 0.4
11/22/2011 Henderson, George 3.6
11/22/2011 Holley, Joshua 0.8
11/22/2011 Rakunas, Ronald 1.1
11/22/2011 Rakunas, Ronald 0.8
11/22/2011 Rakunas, Ronald 4.3
11/22/2011 Weissenborn, Jim 0.3
11/22/2011 Weissenborn, Jim 0.3
11/23/2011 Dakan, Farley 0.7
11/23/2011 Dishnica, Rick 0.1
11/23/2011 Dishnica, Rick 0.2
11/23/2011 Henderson, George 1.3
11/23/2011 Henderson, George 1.5
11/23/2011 Holley, Joshua 0.8
11/23/2011 Holley, Joshua 0.6
11/23/2011 Holley, Joshua 0.2
11/23/2011 Rakunas, Ronald 1.3
Comment: e-mail to Vickie Mullin re: response to questions about buyer proposal and general status of BK
approvals.
Comment: -Correspondence with Perdido broker regarding a potential sale
Comment: -Correspondence regarding Harmony inquiry
Comment: Review changes from counsel on Hedges Park contract. Edit Hedges Park. Update Exh B for contract
and return both to counsel. Correspondence w/counsel.
Comment: Forward final contract to Ausland w/instruction for buyer. Numerous emails re Hedges Park, Monet's
Garden and additional offers, including concerns over CCR's at Monet's Garden.
Comment: Review correspondence and PSA from buyer on Quincy. Forward to asset managers for execution.
Comment: JC Reeves sales document review and discussion.
Comment: Call with colleagues regarding various Las Colinas issues
Comment: asset management status conf call with colleagues
Comment: modify transition plan
Comment: calls with colleagues re: Vaught contract BK approval
Comment: -preparation, email correspondence and phone call with counsel regarding the Vaught Tract PSA
Comment: JC Reeves: Various emails and calls with counsel re pending transactions - focus on timing of
recordation re declarant rights transfers. Various emails and calls with Ausland re pending offers.
Comment: AABW LOTT PSA document review and discussion.
Comment: JC Reeves document review and discussion re sales.
Comment: AABW LOTT sale memo preparation.
Comment: Call with colleagues regarding various Bar date issues
Comment: Call with colleagues regarding DebtX issues
Comment: review/execute final PSA on JC Reeves lot sale
Comment: calls with colleague re: Carlton hotel restaurant lease.
Comment: Discussion with colleagues regarding Vought and Harmony sales issues
Comment: Review of Vantage Lofts/Fisher memo
Comment: Call with colleagues regarding Vantage Lofts issues
Comment: Review of LOTT PSA motion draft and discuss with colleagues
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11/23/2011 Rakunas, Ronald 0.7
11/23/2011 Rakunas, Ronald 2.8
11/23/2011 Rakunas, Ronald 0.8
11/23/2011 Rakunas, Ronald 1.4
11/23/2011 Rakunas, Ronald 0.7
11/23/2011 Weissenborn, Jim 0.7
11/28/2011 Dakan, Farley 0.8
11/28/2011 Dishnica, Rick 0.1
11/28/2011 Henderson, George 2.5
11/28/2011 Henderson, George 0.5
11/28/2011 Holley, Joshua 0.5
11/28/2011 Holley, Joshua 0.5
11/28/2011 Holley, Joshua 0.4
11/28/2011 Holley, Joshua 0.2
11/28/2011 Holley, Joshua 1.0
11/28/2011 Rakunas, Ronald 0.4
11/28/2011 Rakunas, Ronald 0.7
11/28/2011 Rakunas, Ronald 1.6
11/28/2011 Weissenborn, Jim 0.2
11/28/2011 Weissenborn, Jim 0.3
11/28/2011 Weissenborn, Jim 0.3
11/29/2011 Dakan, Farley 0.5
11/29/2011 Dishnica, Rick 0.2
Comment: Peridido Key sale document review and discussion.
Comment: AABW LOTT sale memo.preparation.
Comment: Quincy PSA document review and disucssion.
Comment: BK document review.
Comment: AABW brewhouse sale document review and discussion.
Comment: Review AABW sale memo and discuss with colleagues
Comment: disposition status update call with colleagues
Comment: E-mails with colleague re: Carlton Hotel financial information, management changes and restaurant
lease.
Comment: Create and review excel chart organizing current JC Reeves offers.
Comment: Numerous emails with Ausland re Monet's Garden PSA, status of declarant rights and additional
offers on JC Reeves assets.
Comment: Print and review Quincy PSA for asset manager signature.
Comment: Print and organize Hedges Park PSA for asset manager signature.
Comment: -Vaught PSA Memo preparation
Comment: -Correspondence regarding Solaris PSA
Comment: Draft new Monet's Garden (JC Reeves) Contract for Pahlisch Homes (Purchaser)
Comment: Quintero sale document review and discussion.
Comment: Moses Point sale asset review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: Read Perdido Key interest letter
Comment: Call with colleagues regarding Santa Ysabel DRE issues
Comment: Review of ISG materials
Comment: call with counsel regarding las colinas transaction status update
Comment: Call with Vickie Mullin re: Santa Ysabel sale to Mulholland and DRE process for new sales.
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11/29/2011 Henderson, George 1.2
11/29/2011 Holley, Joshua 0.7
11/29/2011 Holley, Joshua 0.2
11/29/2011 Holley, Joshua 0.4
11/29/2011 Holley, Joshua 0.3
11/29/2011 Holley, Joshua 0.5
11/29/2011 Holley, Joshua 0.2
11/29/2011 Rakunas, Ronald 0.3
11/29/2011 Rakunas, Ronald 1.7
11/29/2011 Rakunas, Ronald 0.9
11/29/2011 Weissenborn, Jim 0.4
11/30/2011 Dishnica, Rick 0.2
11/30/2011 Henderson, George 0.3
11/30/2011 Henderson, George 0.5
11/30/2011 Holley, Joshua 0.6
11/30/2011 Holley, Joshua 0.3
11/30/2011 Holley, Joshua 1.2
11/30/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.4
11/30/2011 Holley, Joshua 1.0
11/30/2011 Rakunas, Ronald 1.4
11/30/2011 Rakunas, Ronald 0.8
11/30/2011 Weissenborn, Jim 0.9
209.3
Comment: -Correspondence regarding Solaris PSA
Comment: Finalize Monet's Garden contract and provide instruction to counsel.
Comment: Print and execute Quincy PSA.
Comment: Review and mark-up offering brochure from Casey (LAO)
Comment: AABW LOTT sale document review and discussion.
Comment: Quintero sale document review and discussion.
Comment: Call with colleagues regarding RLF settlement meeting
Sub Total:
Comment: Print and execute Monet's Garden final contract. Provide MG contract to C Ausland.
Comment: Begin draft of Brush College PSA
Comment: Review and discuss amended JC Reeves' release price schedule provided by FTI.
Comment: Review email from Holy re interested party in JC Reeves and forward to Ausland w/instruction.
Comment: Weyrich sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Meeting with colleagues regarding JC Reeves release prices
Comment: Call with colleague re: Feenune power line public hearing process.
Comment: -correspondence regarding Solaris PSA
Comment: -review Land Advisors sales brochure draft
Comment: Review multiple emails from Tom Reimers re correspondence with local brokers. Respond to Reimers
re employment of former local brokers.
Comment: Review JC Reeves' amended release price schedule with C Ausland.
Comment: Multiple discussions and emails with C Ausland re status of CC&R's and transferability of declarant
rights to buyer (Pahlisch).
Comment: Correspondence with Daniel (DebtX) re procedures for setup and scheduled call.
Comment: Finalize Quincy PSA and provide to asset manager w/escrow inquiry.
Comment: Correspondence with counsel re declaration for Quincy note sale .
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Date Employee Hours
11/1/2011 Rakunas, Ronald 0.9
11/2/2011 Rakunas, Ronald 0.5
11/7/2011 Rakunas, Ronald 0.8
11/9/2011 Rakunas, Ronald 0.9
11/11/2011 Rakunas, Ronald 1.4
11/16/2011 Rakunas, Ronald 1.2
11/17/2011 Rakunas, Ronald 0.6
11/18/2011 Rakunas, Ronald 0.5
6.8
Date Employee Hours
11/1/2011 Brennan, Mike 0.6
11/1/2011 Brennan, Mike 0.8
11/1/2011 Brennan, Mike 0.6
11/1/2011 Dakan, Farley 0.4
11/1/2011 Dakan, Farley 0.8
11/1/2011 Dakan, Farley 0.9
11/1/2011 Dakan, Farley 0.8
11/1/2011 Henderson, George 1.9
11/1/2011 Holley, Joshua 0.2
11/1/2011 Holley, Joshua 0.5
11/1/2011 Rakunas, Ronald 0.7
11/1/2011 Rakunas, Ronald 0.6
11/1/2011 Rakunas, Ronald 0.9
11/1/2011 Rakunas, Ronald 1.1
11/1/2011 Weissenborn, Jim 1.1
11/1/2011 Weissenborn, Jim 0.5
Comment: Property management-Santa Ysabel Ranch/Weyrich assets updates and communication
Comment: Property manangement-Foreclosure palnning and execution Rancho Las Flores/Standard
Comment: review and discuss modifcations to DebtX motion
Comment: prepare modifications to interim budget
Comment: meeting with colleagues for updates to financial model projections
Comment: call with colleagues regarding portfolio stratifications and update/review of same.
Comment: -correspondence with regarding ordinary course professionals -correspondence regarding bank
accounts
Comment: Recirculate inventory schedules for Ysabel and Reeves to asset managers in preparation for call.
Comment: Mail GT files to J Krause re exchange agreement and WF LOC.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Georgetown entitlement document review and discussion.
Comment: Review of expenditures and budget variance analysis
Comment: Discuss with colleagues various issues regarding IRA accounts
Activity: Business Model / Support
Comment: Business plan review and update.
Comment: Business model review and update.
Comment: Buiness model review and adjustment.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Sub Total:
Activity: Business Operations
Comment: Email communication and correspondecne supporing various properties
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11/2/2011 Brennan, Mike 0.5
11/2/2011 Brennan, Mike 1.2
11/2/2011 Brennan, Mike 0.4
11/2/2011 Dakan, Farley 1.1
11/2/2011 Dakan, Farley 0.4
11/2/2011 Dakan, Farley 0.2
11/2/2011 Dakan, Farley 0.7
11/2/2011 Dakan, Farley 0.6
11/2/2011 Dakan, Farley 0.4
11/2/2011 Dakan, Farley 0.3
11/2/2011 Henderson, George 2.4
11/2/2011 Holley, Joshua 0.7
11/2/2011 Holley, Joshua 0.5
11/2/2011 Holley, Joshua 0.8
11/2/2011 Rakunas, Ronald 1.1
11/2/2011 Rakunas, Ronald 0.7
11/2/2011 Rakunas, Ronald 1.2
11/2/2011 Rakunas, Ronald 0.6
11/3/2011 Brennan, Mike 0.6
11/3/2011 Brennan, Mike 0.6
11/3/2011 Dakan, Farley 0.6
11/3/2011 Dakan, Farley 0.9
11/3/2011 Dakan, Farley 0.4
11/3/2011 Dakan, Farley 1.1
11/3/2011 Dakan, Farley 0.4
Comment: Property managment-final updates and plans for Ranch Las Flores Foreclosure
Comment: review september financial statements for submission to WFCF. discussion with colleagues regarding
financial statements
Comment: review of WFCF drawdown/paydown G/L detail
Comment: call with counsel regarding debtx, land advisors engagement
Comment: review checklist for SEC document request and discussion with counsel on items to be produced
Comment: Email communication and correspondecne supporing various properties
Comment: Wells Fargo-Lender month end reporting development and communication
Comment: call with MF08 counsel on las colinas transaction
Comment: review/discussion of pend orielle transaction/options
Comment: discussion with colleagues regarding investor requests
Comment: -Draw request preparation for Fee App Professionals -Correspondence regarding ordinary course
profesionals
Comment: Manage finalizing collateral release consent docs on Adkins/Chee loan.
Comment: Correspondence with Desco and Counsel re affidavits required by BK court.
Comment: Provide J Krause with historical noteholder communications.
Comment: Otay Ranch entitlement document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Email communication and correspondecne supporing various properties
Comment: Wells Fargo-Final lender month end reporting review and submissions
Comment: review/discuss re reno expense detail for reimbursement to re loans.
Comment: asset management call with colleagues
Comment: review compliance certificate for submission to WFCF. call with colleagues on reported figures
Comment: review reporting package contents, financial reports, cash flow actuals and budget variance reports
Comment: call with counsel on WFCF first draw and roll forward
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11/3/2011 Dakan, Farley 0.4
11/3/2011 Henderson, George 0.6
11/3/2011 Henderson, George 2.1
11/3/2011 Holley, Joshua 0.7
11/3/2011 Holley, Joshua 0.2
11/3/2011 Holley, Joshua 0.2
11/3/2011 Rakunas, Ronald 2.4
11/3/2011 Rakunas, Ronald 2.6
11/3/2011 Rakunas, Ronald 1.8
11/3/2011 Weissenborn, Jim 1.2
11/3/2011 Weissenborn, Jim 1.0
11/4/2011 Brennan, Mike 0.3
11/4/2011 Brennan, Mike 1.1
11/4/2011 Dakan, Farley 0.6
11/4/2011 Dakan, Farley 0.3
11/4/2011 Dakan, Farley 0.1
11/4/2011 Dakan, Farley 0.4
11/4/2011 Dakan, Farley 0.3
11/4/2011 Dakan, Farley 0.6
11/4/2011 Dakan, Farley 0.6
11/4/2011 Henderson, George 1.1
11/4/2011 Holley, Joshua 1.3
11/4/2011 Holley, Joshua 0.4
11/4/2011 Rakunas, Ronald 0.7
11/4/2011 Rakunas, Ronald 0.8
11/4/2011 Rakunas, Ronald 0.7
11/4/2011 Weissenborn, Jim 0.6
11/4/2011 Weissenborn, Jim 0.7
Comment: sales/marketing status call with colleagues.
Comment: email correspondence with WFCF on interim budget
Comment: review invoices and sign checks for fee application professionals
Comment: review/execute foreclosure authorization for Rancho Las Flores
Comment: -Correspondence regarding ordinary course professionals
Comment: Correspondence with FTI on loan balance. Correspondence with Mike B re Ysabel property tax and
standard foreclosure services on JC Reeves Correspondence with Jeff Speigal. Correspondence with Rick D re
asset sale process (Ysabel) and Pend Oreille litigation status.
Comment: Correspondence with FTI re WF balance.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Discuss with colleagues various expenditure issues
Comment: Call with colleagues regarding various RE Reno issues
Comment: Property management-Tax appeal reviews Altus group
Comment: asset management call with colleagues
Comment: discuss/modify interim budget
Comment: status call on hard drive for SEC investigation
Comment: status call with WFCF
Comment: -correspondence regarding bank accounts
Comment: -correspondence regarding ordinary course professionals
Comment: Organize checks for recent draw for BK professionals.
Comment: Correspondence with Speigel re diligence requests.
Comment: Respond to inquiries from Tami / WF re specific budget items.
Comment: Meeting with City of Chula Vista and all surrounding developers re Otay Ranch Village 2
entitlement/development status and issues.
Comment: Otay Ranch site tour and surrounding master planned communities and competing projects.
Comment: Lakeview site visit and tour of adjacent master plan and competing projects.
Comment: Review of RE Reno expenses and discuss with colleagues
Comment: Review of RE Loans financials and compliance certificate
Comment: Email communication and correspondecne supporing various properties
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11/5/2011 Dakan, Farley 0.7
11/5/2011 Dakan, Farley 0.3
11/5/2011 Dakan, Farley 0.6
11/5/2011 Weissenborn, Jim 0.7
11/5/2011 Weissenborn, Jim 0.7
11/6/2011 Dakan, Farley 1.1
11/7/2011 Brennan, Mike 0.8
11/7/2011 Brennan, Mike 0.7
11/7/2011 Brennan, Mike 0.8
11/7/2011 Dakan, Farley 0.4
11/7/2011 Dakan, Farley 0.7
11/7/2011 Dakan, Farley 0.8
11/7/2011 Dakan, Farley 0.4
11/7/2011 Dakan, Farley 0.3
11/7/2011 Dakan, Farley 0.6
11/7/2011 Dakan, Farley 1.0
Comment: discussion with counsel regarding compliance certificate to WFCF
Comment: call with colleagues/counsel on prep for committee call.
Comment: Call with colleagues regarding various information production issues
Comment: Call regarding various Bar-K, Lend Inc and B-4 issues
Comment: review reporting package submission to WFCF
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property tax management: Tax appeal spreadhseet updates with Altus advisory group
Comment: Property management: Foreclosure planning and execution Rancho Las Flores
Comment: review foreclosure docs and status call for JC Reeves lots
Comment: call with colleagues on transfer of funds to WFCF, payment of invoices and outstanding payables
Comment: call with committee professionals on Rancho Las Flores
Comment: review lender counsel billing
Comment: review of tax analysis on re reno distribution
Comment: review draft of weyrich, jc reeves motion for lot sale approval
Comment: asset management call with colleagues
Comment: review/respond to document requests for production for various suits
Page 17
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11/7/2011 Dishnica, Rick 1.0
11/7/2011 Henderson, George 1.9
11/7/2011 Holley, Joshua 0.9
11/7/2011 Rakunas, Ronald 0.5
11/7/2011 Rakunas, Ronald 0.9
11/7/2011 Rakunas, Ronald 0.4
11/7/2011 Rakunas, Ronald 0.3
11/7/2011 Weissenborn, Jim 0.7
11/7/2011 Weissenborn, Jim 0.4
11/7/2011 Weissenborn, Jim 0.8
11/8/2011 Brennan, Mike 0.8
11/8/2011 Brennan, Mike 0.8
11/8/2011 Dakan, Farley 0.5
11/8/2011 Dakan, Farley 0.8
11/8/2011 Dakan, Farley 0.2
11/8/2011 Dakan, Farley 0.4
11/8/2011 Dakan, Farley 0.2
11/8/2011 Dakan, Farley 0.6
11/8/2011 Dakan, Farley 0.3
11/8/2011 Dakan, Farley 0.3
11/8/2011 Dakan, Farley 0.7
11/8/2011 Dishnica, Rick 0.4
11/8/2011 Henderson, George 2.2
11/8/2011 Holley, Joshua 0.4
11/8/2011 Holley, Joshua 0.4
11/8/2011 Holley, Joshua 0.2
11/8/2011 Rakunas, Ronald 1.4
Comment: Multiple calls with asset managers re DRE approval required during BK.
Comment: Lockenheath entitlement and development document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Call with colleagues to discuss BK protocols.
Comment: -Document gathering regarding Rancho Las Flores
Comment: Vantage Lofts document review and discussion.
Comment: Review of professionals invoices
Comment: Call with colleagues regarding Refkind production issues
Comment: Review of production documents
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property management-Foreclosure work: JC Reeves 9/23 sale problems. Work with First American
Comment: review payables and approve invoices
Comment: coordinate logistics for RE Reno member meeting, approve proposal
Comment: review accounting detail on servicing fees
Comment: call with colleagues regarding committee professionals' request for detail on engagement of debtx
Comment: call with colleagues regarding recordation of trustee deed on JC Reeves foreclosure
Comment: review investor request for account information and disputed interest calculation, research interest
calculation
Comment: review cash flow schedule
Comment: review asset level legal retainer accounts, review invoices
Comment: review re-recordation of acosta deed transfer and coordinate transfer. brief professionals
Comment: Phone calls with Alice Ford and Vickie Mullins about Santa Ysabel. Phone call status update with Bill
Brinkman about Pend Orielle meetings.
Comment: -correspondence reagarding investor accounts
Comment: Correspondence with Troy Dana re Knight Fire as unsecured creditor of Capital Salvage.
Comment: Internal correspondence with re property tax bill due on Vaught.
Comment: Continued correspondence with Debbie at Secure Tek to organize ongoing security.
Comment: JC Reeves Foreclosure document review and discussion.
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11/8/2011 Rakunas, Ronald 1.6
11/8/2011 Rakunas, Ronald 0.7
11/8/2011 Rakunas, Ronald 0.9
11/8/2011 Weissenborn, Jim 0.3
11/8/2011 Weissenborn, Jim 0.5
11/8/2011 Weissenborn, Jim 0.8
11/8/2011 Weissenborn, Jim 0.2
11/8/2011 Weissenborn, Jim 0.8
11/9/2011 Brennan, Mike 1.0
11/9/2011 Brennan, Mike 1.2
11/9/2011 Dakan, Farley 0.7
11/9/2011 Dakan, Farley 0.3
11/9/2011 Dakan, Farley 0.6
11/9/2011 Dakan, Farley 0.9
11/9/2011 Dakan, Farley 0.4
11/9/2011 Dakan, Farley 0.3
11/9/2011 Dakan, Farley 0.8
11/9/2011 Dakan, Farley 0.4
11/9/2011 Dakan, Farley 0.6
11/9/2011 Dishnica, Rick 1.8
11/9/2011 Henderson, George 1.9
11/9/2011 Henderson, George 0.8
11/9/2011 Henderson, George 0.9
Comment: review/modify draft transition plan for administrative functions
Comment: review proposed payoff schedule and final modifications to DIP financing proposal from WFCF
Comment: discuss exhibits to debtx engagement letter with FTI
Comment: conf call with colleagues on pend orielle
Comment: review/comment on draft lakeview motion and declaration
Comment: discuss lot release price methodology with colleagues for draft motions
Comment: Document and e-mail review re: Vantage borrower BK and settlement issues.
Comment: -preparation for meeting with Woodbridge borrower
Comment: -correspondence regarding Vaught Taxes
Comment: -Discussions regarding Cottonwood Hills forbearance
Comment: Property management: Work with Fidelity on DRE public report amendment and conditions
Comment: review vantage lofts declaration/motion modifications and strategy memo, call with colleagues on
same
Comment: call with counsel regarding debtx/land advisors compensation structure
Comment: reconcile cash summary with WFCF schedules for compliance certificate
Comment: Bankruptcy document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Review of title policy documentation
Comment: Call with colleagues regarding document production issues
Comment: Review of Committee document production product
Comment: Review of RE Reno distribution detail
Comment: Review of Mendes complaint and discuss with colleagues
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
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11/9/2011 Holley, Joshua 0.4
11/9/2011 Holley, Joshua 0.2
11/9/2011 Holley, Joshua 0.2
11/9/2011 Holley, Joshua 0.3
11/9/2011 Holley, Joshua 0.2
11/9/2011 Holley, Joshua 0.1
11/9/2011 Holley, Joshua 0.2
11/9/2011 Rakunas, Ronald 1.1
11/9/2011 Rakunas, Ronald 0.8
11/9/2011 Weissenborn, Jim 0.6
11/9/2011 Weissenborn, Jim 0.8
11/10/2011 Brennan, Mike 0.9
11/10/2011 Brennan, Mike 0.8
11/10/2011 Brennan, Mike 0.6
11/10/2011 Brennan, Mike 1.1
11/10/2011 Dakan, Farley 0.3
11/10/2011 Dakan, Farley 0.5
11/10/2011 Dakan, Farley 0.3
11/10/2011 Dakan, Farley 0.6
11/10/2011 Dakan, Farley 0.4
11/10/2011 Dakan, Farley 0.5
11/10/2011 Dakan, Farley 0.3
11/10/2011 Dakan, Farley 0.3
11/10/2011 Dakan, Farley 0.5
11/10/2011 Dakan, Farley 0.2
11/10/2011 Dakan, Farley 0.7
11/10/2011 Dakan, Farley 0.4
11/10/2011 Dishnica, Rick 0.8
Comment: Correspondence with Debbie Seyfers re request for 24 hr security.
Comment: Provide title policy insurance on Rancho to asset managers / Amy Bellman (northlight).
Comment: Discuss internally and respond to Tami re scheduled Audit.
Comment: Internal discussions and correspondence re Vaught property tax status.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Call with colleagues regarding professionals invoices and retainers
Comment: Calls with investors regarding questions
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property tax management: Tax appeal spreadhseet updates with Altus advisory group
Comment: Property management-Foreclosure work: JC Reeves 9/23 sale problems. Work with First American
Comment: Property management: Lochenheath water and sewage system permit discussions and strategy-HOA
Comment: review motion for fourth interim order, coordinate release of funds to WFCF
Comment: review vantage motion and memo to support.
Comment: follow-up on acosta transfer
Comment: Multiple calls and emails with Jeff Speigel re information requests to support accounting diligence.
Comment: Correspondence with Erin Tahany (FA) re Aquaterra title policy.
Comment: Upload Georgetown and Rancho appraisals into data room.
Comment: status call on RE Reno meeting logistics
Comment: prepare communication to members of RE Reno
Comment: review comments on Santa Ysabel and JC Reeves motion/declaration
Comment: review final vantage blacklines
Comment: review cash summary
Comment: prepare compliance certificate for submission to WFCF
Comment: review RE Reno mailings
Comment: review payables and approve invoices
Comment: review/execute Rancho Las Flores assignment documents
Page 20
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11/10/2011 Henderson, George 1.1
11/10/2011 Henderson, George 2.1
11/10/2011 Holley, Joshua 0.5
11/10/2011 Holley, Joshua 0.3
11/10/2011 Holley, Joshua 0.6
11/10/2011 Holley, Joshua 1.0
11/10/2011 Holley, Joshua 0.4
11/10/2011 Holley, Joshua 0.4
11/10/2011 Holley, Joshua 0.3
11/10/2011 Holley, Joshua 0.3
11/10/2011 Rakunas, Ronald 0.7
11/10/2011 Rakunas, Ronald 1.4
11/10/2011 Rakunas, Ronald 0.8
11/10/2011 Rakunas, Ronald 1.2
11/10/2011 Weissenborn, Jim 0.5
11/10/2011 Weissenborn, Jim 1.0
11/11/2011 Brennan, Mike 0.6
Comment: Discussion with colleagues and clean-up of files re: Portola, Pend Orielle, and Circle H. Discuss broker
inquiry from Bill McComish with colleague.
Comment: -Correspondence regarding ordinary course professionals
Comment: -Preparation/Meeting with Woodbridge at Portola borrower
Comment: Correspondence with Eve Karasik re paid taxes on Vantage Lofts.
Comment: Organize Pend Oreille Docs from Ralph Slategar and review correspondence.
Comment: Correspondence with Kelly Jones following up on previous diligence call with Prescott.
Comment: Status call and asset review internally with asset managers.
Comment: Correspondence with asset managers and counsel and Susie Parker re scheduling of Sienna
conference for investors.
Comment: Collect Carlton financials from M Brennan and load Carlton Financials into Data Room.
Comment: Correspondence with Ric Williams re property tax appeal on LakeView.
Comment: Correspondence with Ric Williams to support Motion to Release Liens (LakeView)
Comment: JC Reeves foreclosure document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Call with colleagues regarding RE Reno issues
Comment: Review and discussion of proposed RE Reno investor packages
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
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11/11/2011 Brennan, Mike 0.7
11/11/2011 Dakan, Farley 0.9
11/11/2011 Dakan, Farley 1.2
11/11/2011 Dakan, Farley 0.5
11/11/2011 Dakan, Farley 0.3
11/11/2011 Dakan, Farley 0.8
11/11/2011 Dakan, Farley 0.7
11/11/2011 Dakan, Farley 0.3
11/11/2011 Dakan, Farley 0.7
11/11/2011 Dishnica, Rick 0.1
11/11/2011 Henderson, George 2.1
11/11/2011 Holley, Joshua 0.3
11/11/2011 Holley, Joshua 0.3
11/11/2011 Holley, Joshua 0.4
11/11/2011 Holley, Joshua 0.6
11/11/2011 Holley, Joshua 0.4
11/11/2011 Weissenborn, Jim 0.8
11/11/2011 Weissenborn, Jim 0.8
11/11/2011 Weissenborn, Jim 0.6
11/12/2011 Holley, Joshua 0.3
11/12/2011 Weissenborn, Jim 0.8
11/13/2011 Brennan, Mike 1.1
11/13/2011 Dakan, Farley 0.6
11/13/2011 Holley, Joshua 0.5
Comment: Provide Vantage Lofts diligence docs to Hammond at FTI
Comment: Review final motions on Vantage Lofts per Eve Karasik.
Comment: Correspondence w/Ric Williams re assessed value of LakeView and appeal for reduction in value.
Comment: Review and discussion of various RLF documents and issues
Comment: Call with colleagues regarding RLF issues
Comment: Review and discussion of DSI communications
Comment: Review correspondence from J Krause and provide response to various diligence questions.
Comment: Call with clients regarding RE Reno issues
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: review committee professionals request for accounting detail and discuss with colleagues
Comment: Review email correspondence from J Krause, Mike B, Stephen Hammond. Upload Otay Mesa docs to
data room.
Comment: Review DSI letter.
Comment: -correspondence regarding ordinary course professionals
Comment: Review Andrews Meyers bills and get in queue for next draw.
Comment: Correspondence w/Ron Rakunas and Farely D. re carve out of Aqua Cap on Rancho per LAO
agreement.
Comment: Property management: Work with Fidelity on DRE public report amendment and conditions
Comment: asset management call with colleagues
Comment: review draw request to WFCF. call with colleagues on expense detail and format/process changes
Comment: review/sign checks
Comment: review WFCF comments to vantage motion/declaration
Comment: review latest DIP Loan version, discussion with colleagues
Comment: review complaint filed by Ranch Las Flores
Comment: review DSI demand letter and discuss with counsel
Comment: discuss LOTT sale with colleagues
Page 22
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11/14/2011 Brennan, Mike 0.5
11/14/2011 Brennan, Mike 0.5
11/14/2011 Dakan, Farley 1.2
11/14/2011 Dakan, Farley 0.4
11/14/2011 Dakan, Farley 0.6
11/14/2011 Dakan, Farley 0.5
11/14/2011 Dakan, Farley 0.4
11/14/2011 Dakan, Farley 0.6
11/14/2011 Dakan, Farley 0.4
11/14/2011 Henderson, George 1.6
11/14/2011 Henderson, George 1.2
11/14/2011 Holley, Joshua 1.2
11/14/2011 Holley, Joshua 1.0
11/14/2011 Holley, Joshua 0.4
11/14/2011 Rakunas, Ronald 1.6
11/14/2011 Rakunas, Ronald 1.1
11/14/2011 Rakunas, Ronald 0.4
11/14/2011 Rakunas, Ronald 1.3
11/14/2011 Weissenborn, Jim 0.9
11/14/2011 Weissenborn, Jim 0.3
11/14/2011 Weissenborn, Jim 0.8
11/14/2011 Weissenborn, Jim 0.4
11/15/2011 Brennan, Mike 0.4
11/15/2011 Brennan, Mike 0.8
Comment: review affiliated account detail and historical transactions and call with colleagues
Comment: discuss affiliate loan detail with counsel
Comment: review tax detail on Santa Ysabel
Comment: call with MF08 professionals on las colinas and administrative issues
Comment: review/comment on Weyrich proposed stipulation
Comment: call with colleagues and committee professionals on motions to sell vantage, lakeview, weyrich
Comment: review/discuss budget modifications for interim financing order
Comment: -Investigation regarding investor accounts
Comment: -correspondence regarding ordinary course professionals
Comment: Pend Oreille: Review correspondence and order from local counsel re hearing scheduling. Review
internal correspondence with counsel and asset managers re termination of contract with buyer.
Comment: Multiple calls with Buddy Seale re property tax concerns. Review property tax status and procedure in
Missoula - Correspondence with Altus re Circle H property tax status. Discussions with asset managers re CH
property tax concern.
Comment: Calls and emails with Debbie Syfers re security at Pecos and recent property damage.
Comment: Otay Ranch entitlement document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Lochenheath broker contact and communication-Potential interest.
Comment: Review of RFS stipulation
Comment: Review and discuss draft DebtX employment application
Comment: Call with colleagues regarding DSI indemnity claim
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Bankrputcy documents review and discussion.
Comment: Review and discuss Committee questions regarding B-4 accounts
Comment: Property management: Work with Fidelity on DRE public report amendment and conditions-Santa
Ysabel
Page 23
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11/15/2011 Dakan, Farley 1.1
11/15/2011 Dakan, Farley 0.9
11/15/2011 Dakan, Farley 0.2
11/15/2011 Dakan, Farley 0.7
11/15/2011 Dakan, Farley 0.6
11/15/2011 Henderson, George 2.5
11/15/2011 Henderson, George 0.9
11/15/2011 Holley, Joshua 0.8
11/15/2011 Holley, Joshua 0.4
11/15/2011 Holley, Joshua 0.1
11/15/2011 Rakunas, Ronald 1.3
11/15/2011 Rakunas, Ronald 1.1
11/15/2011 Rakunas, Ronald 0.6
11/15/2011 Rakunas, Ronald 0.4
11/15/2011 Weissenborn, Jim 1.4
11/16/2011 Brennan, Mike 0.9
11/16/2011 Brennan, Mike 0.6
11/16/2011 Dakan, Farley 0.5
11/16/2011 Dakan, Farley 0.3
11/16/2011 Dakan, Farley 0.9
11/16/2011 Dakan, Farley 0.2
11/16/2011 Dakan, Farley 0.2
11/16/2011 Dakan, Farley 0.3
Comment: asset management call with colleagues
Comment: review of budget variance report and cash forecast
Comment: finalize and circulate final interim budget
Comment: call with colleagues regarding file transition and back office transition
Comment: finalize substitution of trustee on Howard Street conveyance
Comment: -correspondece regarding the interim DIP budget
Comment: -correspondence regarding investor accounts
Comment: General Asset Management: Correspondence with Debbie Syfers re damage to Pecos Creek fence.
Schedule RE Reno Conference; correspondence with Shaw Romeo. Correspondence with Troy Dana re Artemis
involvement.
Comment: Correspondence with Ausland to request comparable sales data to provide to FTI. Review comps and
email results to FTI.
Comment: Correspondence with Desco Development.
Comment: Bankruptcy document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Call with colleagues regarding operatinal issues, asset sale statements and actual versus budget
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property management: Work with Fidelity on DRE public report amendment and conditions-Santa
Ysabel
Comment: coordinate modification of bank accounts with WF
Comment: discuss committee requests on Vantage with counsel
Comment: review of release price, compare to financial projections and discounted cash flows, call with
colleagues
Comment: discussion of release prices with counsel
Comment: call with counsel on release price modifications
Comment: Review RE Reno expense reimbursement detail
Page 24
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11/16/2011 Dakan, Farley 0.4
11/16/2011 Dakan, Farley 0.4
11/16/2011 Dakan, Farley 0.6
11/16/2011 Henderson, George 1.0
11/16/2011 Henderson, George 1.3
11/16/2011 Holley, Joshua 0.5
11/16/2011 Holley, Joshua 0.2
11/16/2011 Holley, Joshua 0.5
11/16/2011 Holley, Joshua 0.2
11/16/2011 Holley, Joshua 0.2
11/16/2011 Rakunas, Ronald 0.7
11/16/2011 Rakunas, Ronald 0.4
11/16/2011 Rakunas, Ronald 0.7
11/16/2011 Rakunas, Ronald 1.3
11/16/2011 Weissenborn, Jim 0.3
11/16/2011 Weissenborn, Jim 0.9
11/17/2011 Brennan, Mike 0.8
11/17/2011 Brennan, Mike 1.0
11/17/2011 Dakan, Farley 0.3
11/17/2011 Dakan, Farley 0.8
11/17/2011 Dakan, Farley 1.2
11/17/2011 Dakan, Farley 0.4
11/17/2011 Dakan, Farley 0.3
11/17/2011 Dakan, Farley 0.3
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Standard foreclosure-agency agreement with Lend, Inc. Development and communication
Comment: discuss budget changes with colleagues
Comment: follow up status meeting with counsel
Comment: review professional fee app detail
Comment: review committee/WFCF comments to LOTT motion
Comment: call with WFCF on budget
Comment: review re reno investor list, discuss with colleagues
Comment: Correspondence with Shawn Romeo re Reno conference. Return executed agreement.
Comment: review debtor legal invoice detail
Comment: discuss budget variance modification with colleagues/counsel
Comment: review/discuss ordinary course professional invoice detail and draw
Comment: -Correspondence regarding bank accounts
Comment: -SEC requests
Comment: Call w/asset managers and Alice Ford re DRE approval at Ysabel.
Comment: Corrections to October reporting package per Tami Barrows request.
Comment: Substitution of Trustee doc for Acosta sent to escrow officer.
Comment: Provide Reporting Package to new committee member (Dixon Collins)
Comment: Otay Ranch entitlement document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: BK document review and discussion.
Comment: Review revised release price schedule
Comment: Discuss comments to release prices and budget with colleagues
Page 25
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11/17/2011 Dakan, Farley 0.2
11/17/2011 Henderson, George 1.9
11/17/2011 Henderson, George 1.9
11/17/2011 Holley, Joshua 0.4
11/17/2011 Holley, Joshua 0.1
11/17/2011 Rakunas, Ronald 0.9
11/17/2011 Rakunas, Ronald 0.7
11/17/2011 Rakunas, Ronald 1.2
11/17/2011 Weissenborn, Jim 1.0
11/18/2011 Brennan, Mike 0.7
11/18/2011 Brennan, Mike 1.2
11/18/2011 Dakan, Farley 0.7
11/18/2011 Dakan, Farley 0.8
11/18/2011 Dakan, Farley 0.2
11/18/2011 Dakan, Farley 0.3
11/18/2011 Dakan, Farley 1.5
11/18/2011 Henderson, George 2.6
11/18/2011 Henderson, George 0.6
11/18/2011 Holley, Joshua 1.8
11/18/2011 Holley, Joshua 0.6
11/18/2011 Holley, Joshua 0.3
11/18/2011 Rakunas, Ronald 1.8
11/18/2011 Rakunas, Ronald 0.6
11/18/2011 Rakunas, Ronald 0.4
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property tax appeal process-review and communication
Comment: prepare/review resolution covenant detail
Comment: meeting with counsel on litigation status and information requests
Comment: call with committee professionals on georgetown property
Comment: call with counsel regarding Alix employment
Comment: meeting with colleagues on asset status, disposition pipeline and transition plan
Comment: -correspondence and review of MOR's
Comment: -correspondence regarding Kimberly Rd property taxes
Comment: Asset Management: Discussion with Desco and asset managers re recent vandalism of Pecos Creek.
Research Kimberly Rd foreclosure docs and provide information to Jennifer Rodgers. Provide correspondence to
Randy Wilgis (Vaught purchaser) re status of contract and BK. Call with Ric Williams (LakeView) re discrepancies
in psa v closing statement.
Comment: Calls with corp counsel and emails with asset managers re status of lease agreement on Vantage
Lofts bk / motion.
Comment: Correspondence with Troy Dan re outstanding invoices and status of hearing / bk.
Comment: Bankruptcy document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: execute signature cards for bank account modifications
Comment: -information gathering on RE Reno
Comment: -MOR review
Comment: Internal correspondence with asset managers and Jennifer R re potential tax sale at Kimberly Rd.
Comment: Provide CA to KKR for REL diligence.
Comment: Debt X document review and disucssion.
Comment: Land Advisor document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: Discussions regarding minimum release price list with colleagues
Page 26
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11/19/2011 Dakan, Farley 0.4
11/19/2011 Henderson, George 2.3
11/20/2011 Dakan, Farley 0.8
11/20/2011 Dakan, Farley 0.5
11/20/2011 Dakan, Farley 0.7
11/21/2011 Brennan, Mike 1.1
11/21/2011 Brennan, Mike 1.0
11/21/2011 Brennan, Mike 1.2
11/21/2011 Dakan, Farley 0.7
11/21/2011 Dakan, Farley 0.4
11/21/2011 Dakan, Farley 0.6
11/21/2011 Dakan, Farley 0.6
11/21/2011 Dakan, Farley 0.8
11/21/2011 Dakan, Farley 0.4
11/21/2011 Dakan, Farley 1.8
11/21/2011 Henderson, George 1.5
11/21/2011 Holley, Joshua 0.9
11/21/2011 Holley, Joshua 0.2
11/21/2011 Rakunas, Ronald 1.2
11/21/2011 Rakunas, Ronald 0.6
11/21/2011 Rakunas, Ronald 0.4
11/21/2011 Weissenborn, Jim 1.1
11/21/2011 Weissenborn, Jim 0.9
11/22/2011 Brennan, Mike 0.8
Comment: Debt X document review and discussion re note listing.
Comment: Review of Lafayette transition plan and call with colleagues
Comment: Review of draft Plan of Reorganization
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: review memo regarding injunction against litigation from counsel
Comment: review financial model cash flows
Comment: call with counsel/colleagues regarding resolution covenants
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property tax management-Work with Altus tax on Bravo parcels
Comment: Property insurance management-Updated schedules developed and submitted for various properties.
Comment: review modified ratification agreeement
Comment: reconcile resolution amounts with WFCF
Comment: review blackline of resolution language in ratification agreement, call with counsel
Comment: review blackline of committee professional retention and call with counsel
Comment: discuss modifications to asset status report with colleagues and WFCF
Comment: call with counsel regarding budgeted general and administrative expense detail
Comment: -correspondence regarding stay notices for taxing authorities
Comment: General Asset Management: Emails with Debbie Syfers re status of fence repair, onsite amenities, and
review recent security invoice. Correspondence with asset managers re current liens and judgment search for
AABW. Respond to Lombino and emails with GH re Lombino's outstanding invoices.
Comment: Provide research and backup re FTI's inquiry re rent and overhead expense related to MF08 vs REL.
Comment: Review BK motions filed.
Comment: Land Advisors document review and discussion re REO listings.
Comment: review committee professional invoices
Comment: -correspondence regarding MOR's
Page 27
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11/22/2011 Brennan, Mike 0.8
11/22/2011 Dakan, Farley 0.6
11/22/2011 Dakan, Farley 0.3
11/22/2011 Dakan, Farley 2.3
11/22/2011 Dakan, Farley 0.4
11/22/2011 Dakan, Farley 0.4
11/22/2011 Dakan, Farley 0.5
11/22/2011 Dakan, Farley 0.7
11/22/2011 Dakan, Farley 0.3
11/22/2011 Henderson, George 1.7
11/22/2011 Henderson, George 1.1
11/22/2011 Henderson, George 2.1
11/22/2011 Holley, Joshua 0.5
11/22/2011 Holley, Joshua 0.4
11/22/2011 Holley, Joshua 0.2
11/22/2011 Holley, Joshua 0.3
11/22/2011 Holley, Joshua 0.3
11/22/2011 Holley, Joshua 1.0
11/22/2011 Rakunas, Ronald 0.6
11/22/2011 Rakunas, Ronald 0.9
11/22/2011 Rakunas, Ronald 0.2
11/22/2011 Weissenborn, Jim 0.3
11/22/2011 Weissenborn, Jim 1.2
11/23/2011 Brennan, Mike 0.7
Comment: review bid authorization for Rancho Las Flores, call with colleagues to finalize foreclosure
timing/strategy
Comment: review blackline of committee professional retention application
Comment: -Due diligence regarding A/P
Comment: -Discussion and phone call regarding asset management strategy
Comment: -correspondence regarding stay notices for taxing authorities
Comment: Download AABW commercial commitment docs from Amy Bellman and provide to counsel to support
motion / transaction.
Comment: Follow up with emails and calls to local counsel re pending property tax litigation at Bravo Marshall.
Comment: Provide data to corp counsel re list of outstanding noteholders.
Comment: Review and discuss internally LakeView Draw request from Ric Williams.
Comment: Correspondence with Secure-Tek re status of payment. Subsequent internal discussions.
Comment: Execute KKR CA. Provide KKR access to DR. Update financial model and provide to KKR.
Comment: Liens and Judgement discussion and correspondence.
Comment: Property management-New CA DRE application process, communication and planning Santa Ysabel
Comment: pend orielle conf call, asset/litigation update
Comment: resend/execute MORs
Comment: review of updated title work on portfolio, call with colleagues
Comment: Land Advisors REO listing discussions.
Comment: Debt X note sale listing discussions.
Comment: Preparation for calls with various RE Reno investors
Comment: Various calls with RE Reno investors
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: status update call with counsel on asset dispositions
Comment: review comps to support motion for release prices, call with colleagues
Comment: review updates to LOTT memo
Page 28
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11/23/2011 Brennan, Mike 0.9
11/23/2011 Brennan, Mike 0.6
11/23/2011 Brennan, Mike 0.8
11/23/2011 Dakan, Farley 0.4
11/23/2011 Dakan, Farley 0.5
11/23/2011 Holley, Joshua 0.3
11/23/2011 Holley, Joshua 0.2
11/23/2011 Holley, Joshua 0.3
11/23/2011 Holley, Joshua 0.2
11/23/2011 Rakunas, Ronald 0.4
11/23/2011 Rakunas, Ronald 0.8
11/23/2011 Weissenborn, Jim 0.3
11/23/2011 Weissenborn, Jim 0.5
11/25/2011 Brennan, Mike 0.5
11/25/2011 Weissenborn, Jim 0.8
11/25/2011 Weissenborn, Jim 0.4
11/25/2011 Weissenborn, Jim 0.7
11/26/2011 Brennan, Mike 0.5
11/26/2011 Brennan, Mike 0.5
11/26/2011 Dakan, Farley 0.9
11/28/2011 Brennan, Mike 1.1
Comment: call with counsel/colleagues on DSI indemnity demand
Comment: Respond to asset managers and FTI (Hammond) re status of JC Reeves contracts.
Comment: Follow up internally and respond to Debbie Syfers re unsigned check for security services.
Comment: Discuss and review internally LakeView draw request - send to asset managers to request approval
from WF.
Comment: Provide updated asset list to Dennis Zentil.
Comment: Land Advisors REO listing document review and discussion.
Comment: Property tax management-Appeal work: Final on Carlton, updated back up for other properties
Comment: Property foreclosure process-Rancho Las Flores bid sheet development and communication
Comment: Property management-Work with Stutman on CA DRE and Fidelity requirements for amended public
report-Santa Ysabel
Comment: review draw request from lakeview borrower, call with colleagues
Comment: Create RE Reno meeting agenda
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Call with colleagues regarding Siena vluation and RE Reno members meeting agenda
Comment: Review of memo regarding RE Reno members meeting issues
Comment: Call with colleagues regarding RE Reno member meeting issues
Comment: Debt X note sale listing document review and discussion.
Comment: Review RE Reno investor list
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: review RE Reno documents, investor list, meeting prep for investor meeting
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Page 29
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11/28/2011 Brennan, Mike 0.9
11/28/2011 Brennan, Mike 0.8
11/28/2011 Dakan, Farley 0.4
11/28/2011 Dakan, Farley 0.8
11/28/2011 Dakan, Farley 1.2
11/28/2011 Dakan, Farley 0.8
11/28/2011 Dakan, Farley 0.7
11/28/2011 Dakan, Farley 0.5
11/28/2011 Dakan, Farley 0.7
11/28/2011 Henderson, George 0.3
11/28/2011 Henderson, George 0.4
11/28/2011 Henderson, George 3.1
11/28/2011 Holley, Joshua 0.3
11/28/2011 Holley, Joshua 0.2
11/28/2011 Holley, Joshua 0.2
11/28/2011 Holley, Joshua 0.2
11/28/2011 Holley, Joshua 0.3
11/28/2011 Rakunas, Ronald 1.3
11/28/2011 Rakunas, Ronald 0.9
11/28/2011 Rakunas, Ronald 0.4
11/28/2011 Weissenborn, Jim 0.6
11/28/2011 Weissenborn, Jim 1.1
Comment: Property tax management-Tax appeal work-Carlton Hotel, Cottonwood Hills
Comment: Property management-CA DRE application process work and development with Fidelity: Need
amendment to Public Report. Updates on legal, etc.
Comment: fill out bank account modification forms
Comment: review investor tax treatment memorandum, call with counsel/colleagues
Comment: prep meeting with colleagues for RE Reno meeting, review of documents
Comment: review siena appraisal, call with counsel
Comment: review WF filed complaint, call with counsel
Comment: review Rancho Las Flores settlement memorandum
Comment: review counsel memo/outline of RE Reno meeting topics
Comment: -Correspondence regarding Kimberly Rd property tax
Comment: -Correspondence regarding bank accounts
Comment: -correspondence regarding RE Reno administration
Comment: Correspondence with asset manager and Amy Rigsby re foreclosure of declarant rights re Monet's
Garden to support current PSA.
Comment: Print Lakeview funds release doc for asset manager signature.
Comment: Correspondence with Shawn Romeo in preparation for RE Reno meeting at Marriott.
Comment: Upload visioning docs for AABW and Solaris Parcel Map into data room.
Comment: Correspondence with Jennifer Rodgers re remaining parcels at Bravo Marshall. Subsequent
correspondence with Andrews Meyers to inquire into status of property taxes and 80 acres at Bravo.
Comment: BK document review and discussions.
Comment: Land Advisors REO lisitng document review and discussion.
Comment: Debt X note sale document review and discussion.
Comment: Prepare RE Reno member meeting agenda
Comment: Call with colleagues regarding RE Reno member meeting preparation
Page 30
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11/29/2011 Brennan, Mike 1.3
11/29/2011 Brennan, Mike 0.8
11/29/2011 Brennan, Mike 0.7
11/29/2011 Dakan, Farley 0.4
11/29/2011 Dakan, Farley 2.1
11/29/2011 Dakan, Farley 1.0
11/29/2011 Dakan, Farley 0.5
11/29/2011 Dakan, Farley 0.2
11/29/2011 Dakan, Farley 1.8
11/29/2011 Henderson, George 0.6
11/29/2011 Henderson, George 7.2
11/29/2011 Holley, Joshua 0.3
11/29/2011 Holley, Joshua 0.8
11/29/2011 Holley, Joshua 0.3
11/29/2011 Holley, Joshua 0.1
11/29/2011 Holley, Joshua 0.4
11/29/2011 Rakunas, Ronald 0.8
11/29/2011 Rakunas, Ronald 0.7
11/29/2011 Rakunas, Ronald 0.8
11/29/2011 Weissenborn, Jim 0.5
11/29/2011 Weissenborn, Jim 4.0
11/29/2011 Weissenborn, Jim 0.4
Comment: Debt X note sale document review and discussion.
Comment: Review of RE Reno meeting discussion points
Comment: RE Reno member meeting
Comment: Review of RLF key deveopment issues document and schedules
Comment: asset management meeting with colleagues, status update with counsel
Comment: -Correspondence regarding bank accounts
Comment: -Correspondence and preparation for RE Reno Meeting
Comment: Print, execute and return RLF bid authorization form and LakeView draw approval .
Comment: Research CC&R status at Monet's Garden - preliminary emails and calls with Standard, C Ausland,
counsel and asset managers re verification of CC&R's at Monets Garden.
Comment: Review asset schedule provided by Case (LAO)
Comment: Provide corrective trustees deed on Foothills View to Standard.
Comment: Review updated Financials from Carlton Hotel and load into data room.
Comment: BK document review and discussion.
Comment: Land Advisors REO listing document review and discussion.
Comment: Property management-CA DRE application process work and development with Fidelity: Need
amendment to Public Report. Updates on legal, etc.
Comment: review agency agreement for trustee fees with northwest
Comment: RE Reno investor meeting
Comment: review Rancho Las Flores foreclosure documents, call with colleagues, review memo, prep meeting for
settlement
Comment: review committee request for modification to lot release prices at JC Reeves, discuss with
colleagues/broker
Comment: review RE Reno tax emails from counsel
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property foreclosure managment: New Trustee Agency agreement development and execution-Lend,
Inc and Northwest.
Page 31
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11/30/2011 Brennan, Mike 0.8
11/30/2011 Brennan, Mike 0.9
11/30/2011 Brennan, Mike 0.6
11/30/2011 Dakan, Farley 0.7
11/30/2011 Dakan, Farley 0.5
11/30/2011 Henderson, George 0.4
11/30/2011 Henderson, George 2.1
11/30/2011 Holley, Joshua 0.6
11/30/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.3
11/30/2011 Holley, Joshua 0.1
11/30/2011 Holley, Joshua 0.9
11/30/2011 Holley, Joshua 0.5
11/30/2011 Rakunas, Ronald 1.2
11/30/2011 Weissenborn, Jim 0.8
320.7
Date Employee Hours
11/1/2011 Brennan, Mike 0.4
11/1/2011 Dakan, Farley 1.1
11/1/2011 Dakan, Farley 0.2
11/1/2011 Dakan, Farley 1.1
11/1/2011 Weissenborn, Jim 0.4
11/1/2011 Weissenborn, Jim 0.4
Comment: Email communication and correspondence supporing various properties related to taxes-foreclosure-
insurance and ongoing management.
Comment: Property foreclosure managment: New Trustee Agency agreement development and execution-Lend,
Inc and Northwest.
Comment: Property management-Foreclosure support: JC Reeves dispute resolution and billing communication
to legal for review on any pre-petition amounts.
Comment: review october financial statements
Comment: asset status update call with colleagues
Comment: -correspondence regarding noteholder balances
Comment: -correspondence regarding Feenune Power line issue
Comment: Call with local counsel to discuss tax litigation associated with 80 acres @ Barrington and
discrepancies w/county records.
Comment: Correspondence with Troy Dana re timing of property management check.
Comment: Send RLF bid authorization form to asset manager.
Comment: Review correspondence from asset manager re Moses Point status of NOD and need for new
substitution of trustee doc.
Comment: Request for response and information re Barrington 80 acres sent to local counsel. Multiple calls with
counsel re 80 acres. Review materials provided by counsel re 80 acres. Provide information to Jennifer Rodgers
to monitor property tax status.
Comment: Review letter from Edleman attorney re exceptions to title for Lot 68 (JC Reeves) contract. Email with
Ausland and review Edleman contract.
Comment: BK document review and discussion.
Comment: Call with colleagues regarding RE Reno trustee candidates
Sub Total:
Activity: Case Administration
Comment: Planning discussions on BK Reporting with team
Comment: Review correspondence from Ric Williams (lakeview) re difference in contract / closing prices for
recent closings.
Comment: Correspondence with Jeff Feeney and A Green re LAO status.
Comment: review financing order mofications
Comment: review committee counsel comments to financing order
Comment: review turn of committee counterproposal, modify budget for committee professional
counterproposal
Comment: review latest bankruptcy filings
Comment: Discuss with colleagues RLF settlement issues
Page 32
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11/2/2011 Dakan, Farley 0.3
11/2/2011 Dakan, Farley 0.9
11/2/2011 Dakan, Farley 0.3
11/2/2011 Dakan, Farley 0.3
11/2/2011 Holley, Joshua 0.3
11/3/2011 Brennan, Mike 0.6
11/3/2011 Dakan, Farley 0.7
11/3/2011 Holley, Joshua 0.3
11/4/2011 Dakan, Farley 0.4
11/4/2011 Dakan, Farley 0.4
11/4/2011 Dakan, Farley 0.2
11/4/2011 Dakan, Farley 0.6
11/5/2011 Weissenborn, Jim 0.5
11/6/2011 Dakan, Farley 0.6
11/6/2011 Weissenborn, Jim 1.5
11/6/2011 Weissenborn, Jim 1.0
11/7/2011 Dakan, Farley 0.7
11/7/2011 Dakan, Farley 0.8
11/7/2011 Dakan, Farley 0.4
11/7/2011 Weissenborn, Jim 0.3
Comment: call with counsel regarding hearing details
Comment: call with colleagues regarding litigation status update and schedule for reporting package
Comment: review final changes to fourth financing order
Comment: review fee app draw request, discussion with colleagues
Comment: Upload docket filings and post to data room.
Comment: Bankruptcy billings-RE Reno submission and back up-Stutman
Comment: review/comment on vantage lofts declaration
Comment: Download docket filings and upload to Data Room.
Comment: review billing
Comment: coordinate final approval of fourth financing order and budget
Comment: call with counsel regarding fee application detail
Comment: call with counsel on fourth interim financing order and review of blackline
Comment: Review of draft CMC order
Comment: call with committee on counter proposal to WFCF
Comment: Review of October reporting package
Comment: Call with Committee advisors and colleagues regarding counter proposal
Comment: call with counsel on bk disposition procedures and process
Comment: review vantage lofts memo, call on vantage with colleagues and review of declaration
Comment: call with committee professionals regarding note/reo sales process
Comment: Review of recent bankruptcy filings
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11/7/2011 Weissenborn, Jim 0.5
11/7/2011 Weissenborn, Jim 0.5
11/8/2011 Dakan, Farley 0.9
11/8/2011 Dakan, Farley 0.8
11/8/2011 Dakan, Farley 1.2
11/8/2011 Dakan, Farley 0.4
11/8/2011 Weissenborn, Jim 0.4
11/8/2011 Weissenborn, Jim 0.5
11/9/2011 Dakan, Farley 0.2
11/9/2011 Weissenborn, Jim 0.3
11/9/2011 Weissenborn, Jim 0.5
11/10/2011 Dakan, Farley 0.8
11/10/2011 Holley, Joshua 0.2
11/10/2011 Weissenborn, Jim 0.2
11/10/2011 Weissenborn, Jim 0.5
11/11/2011 Dakan, Farley 0.2
11/11/2011 Weissenborn, Jim 0.7
11/12/2011 Weissenborn, Jim 0.5
11/14/2011 Brennan, Mike 0.8
11/14/2011 Dakan, Farley 0.4
11/14/2011 Dakan, Farley 0.4
11/14/2011 Dakan, Farley 0.7
11/14/2011 Holley, Joshua 0.2
11/14/2011 Weissenborn, Jim 0.9
Comment: Bankruptcy reporting-MOR support; Insurance schedules, other
Comment: prep call with colleagues on MORs
Comment: review final financing order from counsel
Comment: review preliminary fee statement
Comment: Download docket filings and upload into Data Room.
Comment: Review and discussion of Committee questions regarding related party accounts
Comment: Call with colleagues regarding DSI issues
Comment: Review of document production product
Comment: discuss budget modifications and modifications to pro forma model
Comment: Download Docket filings and load into data room.
Comment: Review of recent bankruptcy filings
Comment: Time Administration
Comment: review/execute final notice for re reno mailout
Comment: Call with colleagues regarding Committee document requests
Comment: Administration
Comment: asset management status meeting
Comment: review of doc request from FTI and coordinate with colleagues to provide information
Comment: review pleadings on mackinac employment, conf call with counsel
Comment: respond to committee professional's request for information regarding debtx and financial
statements in reporting package
Comment: Call with colleagues regarding DSI indemnity issues
Comment: Call regarding Commitee document requests
Comment: review final comments on vantage motion
Comment: Time administration
Comment: Review of revised reporting package
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11/14/2011 Weissenborn, Jim 0.3
11/14/2011 Weissenborn, Jim 0.7
11/14/2011 Weissenborn, Jim 1.0
11/15/2011 Dakan, Farley 0.5
11/15/2011 Dakan, Farley 0.6
11/15/2011 Dakan, Farley 0.3
11/15/2011 Weissenborn, Jim 0.3
11/15/2011 Weissenborn, Jim 0.4
11/16/2011 Dakan, Farley 1.2
11/16/2011 Dakan, Farley 0.5
11/16/2011 Weissenborn, Jim 0.5
11/16/2011 Weissenborn, Jim 0.4
11/17/2011 Dakan, Farley 1.5
11/17/2011 Dakan, Farley 1.4
11/17/2011 Holley, Joshua 1.0
11/17/2011 Holley, Joshua 0.2
11/17/2011 Weissenborn, Jim 0.6
11/18/2011 Dakan, Farley 1.2
11/18/2011 Dakan, Farley 0.7
11/18/2011 Dakan, Farley 0.7
11/18/2011 Holley, Joshua 1.0
11/18/2011 Weissenborn, Jim 0.8
11/18/2011 Weissenborn, Jim 0.3
11/18/2011 Weissenborn, Jim 0.4
Comment: Review of recent filings
Comment: Review of revised Exit Facility Committment Letter
Comment: Review and discuss latest bankruptcy budget
Comment: review comments on retention of committee professionals and call with counsel
Comment: call with committee professionals on asset dispositions
Comment: call with colleagues about SEC subpoena request items
Comment: Review recent case filings
Comment: Time administration
Comment: prep call with colleagues and counsel for hearing
Comment: Review of various Committee communications and requests
Comment: prep meeting with counsel and colleagues for hearing.
Comment: hearing in Dallas, follow up meeting with counsel
Comment: Provide support to FD and J Krause in preparation for Nov 17 hearing.
Comment: Download docket filings and load into data room.
Comment: Review revised ratification agreement
Comment: conf call on MORs and review
Comment: approve/finalize fee application
Comment: call with counsel on release price exhibit
Comment: Discuss with colleagues various exit facility issues
Comment: review/approve final changes to MORs for submission
Comment: Provide support for filings due with court.
Comment: Call with colleagues regarding document production issues
Comment: Call with colleagues regarding Bar Date issues
Comment: Review of October billing
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11/18/2011 Weissenborn, Jim 0.4
11/20/2011 Weissenborn, Jim 0.3
11/20/2011 Weissenborn, Jim 0.3
11/20/2011 Weissenborn, Jim 0.8
11/21/2011 Dakan, Farley 0.7
11/21/2011 Weissenborn, Jim 0.5
11/21/2011 Weissenborn, Jim 0.8
11/21/2011 Weissenborn, Jim 0.5
11/22/2011 Dakan, Farley 0.8
11/22/2011 Weissenborn, Jim 0.5
11/22/2011 Weissenborn, Jim 0.6
11/22/2011 Weissenborn, Jim 0.4
11/23/2011 Holley, Joshua 0.5
11/23/2011 Holley, Joshua 0.2
11/23/2011 Weissenborn, Jim 0.5
11/23/2011 Weissenborn, Jim 0.8
11/25/2011 Dishnica, Rick 0.5
11/25/2011 Weissenborn, Jim 0.5
11/25/2011 Weissenborn, Jim 0.6
11/28/2011 Dakan, Farley 0.8
11/28/2011 Holley, Joshua 0.4
11/28/2011 Weissenborn, Jim 0.3
11/28/2011 Weissenborn, Jim 1.2
11/28/2011 Weissenborn, Jim 0.4
11/30/2011 Weissenborn, Jim 0.3
11/30/2011 Weissenborn, Jim 0.4
57.9
Comment: Call with colleagues regarding October billing
Comment: Review of schedule of projected resolutions
Comment: Review of memo regarding stay issues
Comment: Review of October MOR's
Comment: Review of recent filings
Comment: Review of various stay motions and discuss with colleagues
Comment: Review of final Ratificaton and Amendment Agreement
Comment: Call with colleagues regarding signatories
Comment: Review of Hutchings brief
Sub Total:
Comment: review of statements and schedules, call with colleagues on same
Comment: Review of recent filings
Comment: Review of resolutions reconciliation and discuss with colleagues
Comment: Review of billing and discuss with colleagues
Comment: review/comment on draft of exit plan
Comment: Review various documents regarding automatic stay issues
Comment: Call with colleagues regarding automatic stay issues
Comment: Time administration
Comment: Organize and upload docket filings into data room.
Comment: Review and forward orders for LAO and DebtX to asset managers.
Comment: Review DSI indemnity demand and discuss with colleagues
Comment: Review final ratification and amendment agreement
Comment: Review and update all billing for three weeks in November.
Comment: Review of motion to lift stay regaridng RLF
Comment: Call with colleagues regarding claims bar date issues
Comment: review disposition motions/declarations with colleagues
Comment: Review, organize and upload docket filings into data room.
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Date Employee Hours
11/7/2011 Henderson, George 2.3
11/7/2011 Henderson, George 0.7
11/8/2011 Henderson, George 0.9
11/8/2011 Henderson, George 3.1
11/9/2011 Henderson, George 2.8
11/9/2011 Henderson, George 1.1
11/10/2011 Henderson, George 2.3
11/14/2011 Henderson, George 2.1
11/15/2011 Henderson, George 0.6
11/15/2011 Henderson, George 1.4
11/16/2011 Henderson, George 2.3
11/16/2011 Henderson, George 1.9
11/16/2011 Holley, Joshua 0.3
11/17/2011 Henderson, George 2.4
11/18/2011 Henderson, George 2.1
11/18/2011 Holley, Joshua 1.1
11/21/2011 Henderson, George 0.7
11/21/2011 Henderson, George 1.2
11/28/2011 Henderson, George 2.1
11/30/2011 Henderson, George 0.4
Comment: -MOR preparation and information gathering
Comment: -Draw request prepartion and special draw for approved ordinary course professionals
Comment: Deliver deposit checks to local WF bank.
Comment: -budget and variance report updates
Comment: -correspondence on the budget and cash in summary
Comment: Review individual checks for ordinary course professionals draw - mail checks to respective vendors.
Deposit property tax refund for Acanto at WF local bank.
Comment: -Correspondence regarding cash-in summary
Comment: -Correspondence regarding budget and draw requests
Comment: -Draw preparation and invoice due diligence
Comment: -lockbox report analysis
Comment: -Correspondence regarding bank accounts
Comment: -correspondence regarding bank accounts
Comment: -correspondence regardiing ordinary course professionals
Comment: -correspondence regarding ordinary course professionals
Comment: -Cash-in discussions and document preparation
Comment: -Wells Fargo draw requesting preparation and review
Comment: -preparation for October MOR's
Comment: -correspondence with Wells Fargo on DIP ledger
Comment: -correspondece regarding with Kathleen Haley regarding MOR's
Activity: Cash Management
Comment: -Correspondence regarding ordinary course professionals
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11/30/2011 Henderson, George 0.6
11/30/2011 Henderson, George 2.7
11/30/2011 Henderson, George 1.3
36.4
Date Employee Hours
11/1/2011 Holley, Joshua 1.5
11/1/2011 Holley, Joshua 2.0
11/1/2011 Holley, Joshua 0.9
11/2/2011 Holley, Joshua 2.0
11/2/2011 Holley, Joshua 0.8
11/9/2011 Holley, Joshua 0.9
11/14/2011 Holley, Joshua 1.2
11/15/2011 Holley, Joshua 2.5
11/16/2011 Holley, Joshua 1.4
11/16/2011 Holley, Joshua 1.0
11/17/2011 Holley, Joshua 1.8
11/17/2011 Holley, Joshua 2.4
11/18/2011 Holley, Joshua 0.8
11/21/2011 Holley, Joshua 2.2
11/21/2011 Holley, Joshua 2.0
Comment: -invoice due diligence regarding Pend Oreille
Comment: -updated variance report
Comment: -Draw preparation
Sub Total:
Activity: Data Analysis
Comment: Update strats for Ask document
Comment: Update Exit Financing Ask Doc.
Comment: Review weekly budget and discuss modifications with asset managers.
Comment: Discuss internally, update and circulate amended lot release price schedules for Reeves, LakeView and
Ysabel.
Comment: Review modified DIP loan provided by K&L gates and make appropriate changes to BK budget.
Comment: Multiple revisions to interim dip budget per request of counsel, Tami Barows and Stephen Hammond.
Calls with internal counsel to discuss changes to interim dip budget. Internal calls and correspondence to
coordinate changes to monthly budget and weekly variance report. Internal discussions and analysis re
maximum potential amount of DIP budget.
Comment: Multiple revisions to DIP budget and focus on 110% capacity under line. Internal correspondence with
counsel and asset managers re final revision to BK budget and concerns from Hammond (FTI)
Comment: Compare revised WFCF release price schedules per FTI's request.
Comment: Update model and five year cash flow summary for Ask document.
Comment: Review modifications to weekly DIP budget versus monthly budget in advance of providing to FTI. Tie
out monthly budget to weekly bk variance report.
Comment: Revisions made to weekly variance to implement amended monthly budget in to weekly report
(w/GH).
Comment: BK Budget - discussions with FD and revision per request of Tami Barrows. Release price schedule
comparison - discussions with FD and revisions to dashboard per request of K&L and FTI. All in preparation for
Nov 17 hearing.
Comment: Review correspondence from Tami and Steve Hammond re resolutions since Jul 2011. Provide analytic
support to asset managers in issue.
Comment: Update Asset Status Report per request of Tami Barrows and respond to emails re updated report.
Emails with asset managers and counsel to support response to Tami re Status Report.
Comment: Update weekly bankruptcy budget variance to incorporate changes made to monthly DIP budget.
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11/22/2011 Holley, Joshua 0.4
11/22/2011 Holley, Joshua 0.3
11/28/2011 Holley, Joshua 0.5
11/28/2011 Holley, Joshua 1.2
25.8
Date Employee Hours
11/1/2011 Holley, Joshua 0.5
11/2/2011 Holley, Joshua 1.0
11/2/2011 Holley, Joshua 1.1
11/3/2011 Holley, Joshua 0.6
11/3/2011 Holley, Joshua 1.1
11/4/2011 Holley, Joshua 0.8
11/4/2011 Holley, Joshua 0.5
11/7/2011 Holley, Joshua 0.8
11/7/2011 Holley, Joshua 0.5
11/7/2011 Holley, Joshua 0.5
11/7/2011 Holley, Joshua 0.2
11/8/2011 Holley, Joshua 0.6
11/8/2011 Holley, Joshua 0.3
11/8/2011 Holley, Joshua 1.0
11/8/2011 Holley, Joshua 0.5
11/8/2011 Weissenborn, Jim 0.6
11/9/2011 Holley, Joshua 1.3
11/9/2011 Holley, Joshua 0.5
11/9/2011 Holley, Joshua 0.8
Comment: Emails with Vickie Mullins and review comp data before supplying to Hammond per FTI request.
Comment: Emails with Chelsea Ausland and review comp data before supplying to Hammond per FTI request.
Comment: Review master tax file provided by Jennifer Rodgers and provide to Steve Hammond FTI (focus on JC
Reeves 2011 taxes)
Comment: Review and amend Rancho Las Flores CF calculation spreadsheet.
Sub Total:
Comment: Review motion to for approval to release liens. Multiple revisions internally and return comments to
Greg Jones (including revisions to declaration of F Dakan)
Activity: Due Diligence
Comment: Review Hines/Weitman correspondence on 2718.
Comment: Compile, review and organize Pend Oreille Legal docs in anticipation of site visit.
Comment: Support J Krause request for docs referenced in Oshima complaint.
Comment: Organize legal documentation associated with Pend Oreille.
Comment: Support J Krause request for docs referenced in Oshima complaint.
Comment: Support J Krause request for docs referenced in Oshima complaint.
Comment: Correspondence with Amy Bellman re environmental studies and Aquatera title.
Comment: Internal Correspondence re request from Tami Barrows on cash sweep and operating account
reconciliation. Also provided emails and discussed internally allegations from Matt Kelly that REL received
settlement monies.
Comment: Correspondence with asset managers and REL staff re Northlight diligence request on Aquaterra title.
Comment: Organize and email class action request items to Jeff Krause.
Comment: Emails w/corp counsel to provide historical sales data on LakeView.
Comment: Review and discuss FTI correspondence and diligence requests and information requests from
Hammond.
Comment: Additional correspondence with re title policy on Aquaterra for Northlight request.
Comment: Vantage Lofts review and comment on declaration and motion for settlement wtih Scrips and debtor.
Comment: Correspondence with asset managers and counsel re alleged improper foreclosure on JC Reeves
Foothills.
Comment: Call with colleagues regarding Northlight due diligence issues
Comment: Multiple calls with asset managers and counsel re foreclosure process at Reeves.
Comment: Vantage lofts declaration review of comments with asset managers.
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11/10/2011 Holley, Joshua 0.7
11/10/2011 Holley, Joshua 0.5
11/10/2011 Holley, Joshua 1.1
11/11/2011 Holley, Joshua 1.5
11/12/2011 Weissenborn, Jim 0.5
11/14/2011 Holley, Joshua 0.9
11/14/2011 Holley, Joshua 0.4
11/15/2011 Holley, Joshua 0.6
11/15/2011 Holley, Joshua 0.2
11/15/2011 Holley, Joshua 0.8
11/16/2011 Holley, Joshua 0.3
11/16/2011 Holley, Joshua 0.8
11/16/2011 Holley, Joshua 0.4
11/16/2011 Holley, Joshua 0.3
11/17/2011 Holley, Joshua 0.3
11/17/2011 Holley, Joshua 0.5
11/18/2011 Holley, Joshua 1.3
11/20/2011 Holley, Joshua 0.2
11/21/2011 Holley, Joshua 1.8
11/21/2011 Holley, Joshua 0.3
Comment: Review Motion to Sale Lots (Reeves / Ysabel) and Declaration of F. Dakan re said Motion - provide
comments to Greg Jones.
Comment: Download Otay Mesa diligence docs.
Comment: Review of Northlight due diligence questions response
Comment: Correspondence and cal with Jennifer Rogers re Vaught property taxes and historical foreclosure
proceedings - research and find foreclosure docs to provide proof of ownership to county.
Comment: Review motion to employ DebtX and discuss internally.
Comment: FTI Support: Provide schedules to Hammond per pending motions. Discussions and correspondence
w/FTI re pricing on Reeves and Ysabel.
Comment: Additional review of Motion to approve DebtX.
Comment: Review ABW timeline and provide comments before sending to Eve K.
Comment: Review Vegas Land comps and provide information to Hammond (FTI)
Comment: Multiple calls with counsel re Motion to Approve Vantage settlement - relay concerns of FTI.
Comment: Correspondence with Desco. Asset managers to reach out to LAO. Both to try and find local land
comps per FTI request.
Comment: Discussions w/counsel re SEC investigation and request to recover emails.
Comment: Correspondence with corp counsel re. corporate status of MP for court filings.
Comment: Call with Jennifer Rogers re Circle H taxes.
Comment: Review motion to effectuate LOTT transaction. Calls with asset managers to provide counsel with
consolidated black-line for LOTT motion.
Comment: Review email from counsel and asset managers from Fir, Sat and Sun.
Comment: Bravo Marshall: Call with local counsel re outstanding property taxes and pending litigation.
Additional research to support Altus inquiry re updated parcel list. Vantage Lofts: Review and multiple
discussions with asset managers and counsel re emails from FTI re Vantage Lofts. Provide diligence and support
re Vantage Lofts request.
Comment: Research and discuss internally question from FTI re Exh D-1 and accrured interest associated
w/noteholder balance.
Comment: Call with counsel re motion to sale lots and release liens (re release price mechanism)
Comment: Acosta due diligence to support MF08 transfer and Krause diligence request.
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11/21/2011 Holley, Joshua 0.3
11/22/2011 Holley, Joshua 3.5
11/22/2011 Holley, Joshua 0.4
11/23/2011 Holley, Joshua 0.5
11/28/2011 Holley, Joshua 0.9
11/28/2011 Holley, Joshua 0.3
11/28/2011 Holley, Joshua 0.4
11/28/2011 Holley, Joshua 0.3
11/28/2011 Holley, Joshua 0.1
11/29/2011 Holley, Joshua 0.2
11/30/2011 Holley, Joshua 0.4
33.9
Date Employee Hours
11/23/2011 Weissenborn, Jim 0.4
0.4
Date Employee Hours
11/1/2011 Dakan, Farley 0.7
11/1/2011 Dakan, Farley 0.4
11/1/2011 Rakunas, Ronald 0.9
11/1/2011 Weissenborn, Jim 1.1
11/2/2011 Dakan, Farley 0.7
11/2/2011 Dakan, Farley 0.4
11/2/2011 Rakunas, Ronald 1.4
11/3/2011 Dakan, Farley 0.7
11/3/2011 Dakan, Farley 0.6
11/3/2011 Rakunas, Ronald 0.8
Activity: Financing
Comment: call with colleagues regarding DIP terms with WFCF
Comment: conf call with KKR representative on exit facility
Comment: Recapitalization document review and discussion.
Comment: Review of interin financing extension order and discuss with colleagues
Comment: review final interim budget, discuss with colleagues/counsel
Comment: review/update recap ask document
Comment: Alternative DIP and exit financing discussions.
Comment: review WFCF response to committee markup of financing terms sheet, call with counsel
Comment: call with MHR regarding exit facility
Comment: Alternative DIP and exit financing.
Comment: Multiple mark-ups, internal discussions and review of LOTT memo per FTI's request. Create data
tables to support LOTT memo.
Comment: Review prelim on JC Reeves (Edelman) contract and respond to inquiries from Ausland.
Comment: Per management request, finalize LOTT memo and forward to FTI (Hammond)
Comment: Research Rancho loan balance and interest calculation and discuss with asset managers.
Comment: Correspondence with Debbie Syfers re current bill and continuation of additional coverage at Pecos
Creek.
Comment: Review and provide Sienna appraisal to counsel in preparation for Tuesday's investor meeting.
Comment: Research Solaris parcel and provide parcel map / info to LAO to support setup.
Comment: Respond to FTI re AABW memo to support LOTT transaction.
Comment: Send diligence material to Corliss with instruction in anticipation of call.
Comment: Provide detail to counsel re LakeView model units to support motion.
Sub Total:
Activity: Fee / Employment Applications
Comment: Review professional invoices
Sub Total:
Comment: Correspondence with Hammond re comps at Ysabel and Reeves. Follow up with asset managers and
local brokers.
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11/3/2011 Weissenborn, Jim 0.6
11/3/2011 Weissenborn, Jim 0.6
11/3/2011 Weissenborn, Jim 0.8
11/3/2011 Weissenborn, Jim 0.7
11/4/2011 Dakan, Farley 0.9
11/4/2011 Dakan, Farley 0.2
11/4/2011 Dakan, Farley 0.7
11/4/2011 Rakunas, Ronald 1.3
11/4/2011 Weissenborn, Jim 0.4
11/5/2011 Weissenborn, Jim 1.0
11/6/2011 Dakan, Farley 0.7
11/6/2011 Weissenborn, Jim 0.8
11/7/2011 Weissenborn, Jim 0.9
11/7/2011 Weissenborn, Jim 0.6
11/8/2011 Dakan, Farley 0.5
11/8/2011 Dakan, Farley 0.7
11/8/2011 Weissenborn, Jim 0.4
11/8/2011 Weissenborn, Jim 0.9
11/9/2011 Dakan, Farley 0.4
11/9/2011 Dakan, Farley 0.5
11/9/2011 Dakan, Farley 1.2
11/9/2011 Rakunas, Ronald 1.6
11/9/2011 Weissenborn, Jim 0.7
11/9/2011 Weissenborn, Jim 0.4
11/10/2011 Dakan, Farley 0.1
11/10/2011 Dakan, Farley 0.8
11/10/2011 Rakunas, Ronald 0.4
11/10/2011 Weissenborn, Jim 1.3
Comment: due diligence call with Prescott
Comment: Recapitalization document review and discussion.
Comment: Review of revised Committee DIP loan proposal
Comment: Review of loan paydown analysis
Comment: status call with Northlight
Comment: modify budget and cash flows with final comments from comittee and WFCF
Comment: Recapitalization document review and discussion.
Comment: Call with colleagues regarding revised DIP loan proposal issues
Comment: Discuss Wells Fargo DIP loan term sheet response with colleagues
Comment: conf call with potential exit facility provider, review of assets
Comment: call with WFCF on budget modfications to interim budget
Comment: respond to Northlight due diligence requests
Comment: Recapitalization document review and discussion.
Comment: Review latest DIP loan budget draft
Comment: Call with colleagues regarding various DIP loan proposal issues
Comment: review of committee counter-proposal to WFCF
Comment: Review of Committee counter-proposal regarding DIP loan
Comment: Review of Committee DIP proposal and sdiscuss with colleagues
Comment: Call with colleagues regarding revised Committee DIP proposal
Comment: review proposal for exit facility
Comment: review northlight due diligence material regarding title, confer with colleagues
Comment: Review of investor interest calculations and discuss with colleagues
Comment: Review of WF response to Committee proposal for DIP loan
Comment: review WFCF response to committee counterproposal
Comment: call with counsel on DIP counter-proposal
Comment: Review of DIP loan budget draft
Comment: Review of Wells Fargo draw detail
Comment: Review of Wells Fargo response to Commitee DIP loan term sheet
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11/11/2011 Rakunas, Ronald 0.8
11/11/2011 Weissenborn, Jim 1.4
11/11/2011 Weissenborn, Jim 0.7
11/11/2011 Weissenborn, Jim 1.1
11/11/2011 Weissenborn, Jim 0.4
11/12/2011 Weissenborn, Jim 0.6
11/12/2011 Weissenborn, Jim 0.6
11/14/2011 Dakan, Farley 0.7
11/14/2011 Dakan, Farley 0.4
11/14/2011 Weissenborn, Jim 1.2
11/14/2011 Weissenborn, Jim 0.5
11/14/2011 Weissenborn, Jim 1.1
11/15/2011 Dakan, Farley 0.7
11/15/2011 Weissenborn, Jim 0.7
11/16/2011 Dakan, Farley 0.8
11/16/2011 Weissenborn, Jim 0.4
11/16/2011 Weissenborn, Jim 0.9
11/17/2011 Dakan, Farley 0.5
11/17/2011 Weissenborn, Jim 1.3
11/17/2011 Weissenborn, Jim 0.3
11/18/2011 Dakan, Farley 0.2
11/18/2011 Weissenborn, Jim 1.0
11/18/2011 Weissenborn, Jim 0.9
11/20/2011 Weissenborn, Jim 1.0
11/21/2011 Weissenborn, Jim 0.7
11/28/2011 Dakan, Farley 0.7
11/28/2011 Rakunas, Ronald 0.4
11/29/2011 Rakunas, Ronald 0.6
48.4
Comment: Exit Financing document review and discussion.
Comment: Exit financing document review and discussion.
Sub Total:
Comment: Call with colleagues regarding DIP financing and asset sale issues
Comment: Review of Final Financing Order
Comment: Call with colleagues regarding Exit Facility and Financing Order
Comment: review of data room documents and due diligence request from potential capital provider
Comment: Review revised DIP budget
Comment: conf call with potential exit facility lender
Comment: Review revised DIP budget
Comment: Review of maximum DIP loan calculations and discuss with colleagues
Comment: follow up call on due diligence items with potential lender
Comment: Meeting with colleagues regarding proposed changes to various DIP financing documents
Comment: Review of revised DIP budget
Comment: review markup of CA from potential lender
Comment: Review of DIP budget and discuss with colleagues
Comment: Review of Committee comments regarding various DIP financing documents
Comment: Call with colleagues regarding various DIP financing motion issues
Comment: Review of proposed changes to Loan Agreement and discuss with colleagues
Comment: due diligence update call
Comment: Recapitalization document review and discussion.
Comment: Review and discussion of latest DIP loan proposal
Comment: Review of expenditures and budget
Comment: Review and discussion of revised DIP loan orders
Comment: Call with colleagues regarding Committee questions regarding related party loans
Comment: Review of draft DIP loan budget
Comment: Review and discuss draft Notice of Modifications to DIP financing
Comment: review exit facility commitment from WFCF
Comment: review redline of interim financing order
Page 43
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Date Employee Hours
11/22/2011 Dishnica, Rick 1.1
11/30/2011 Dishnica, Rick 1.5
2.6
Date Employee Hours
11/1/2011 Rakunas, Ronald 1.1
11/2/2011 Rakunas, Ronald 1.2
11/2/2011 Rakunas, Ronald 0.7
11/3/2011 Rakunas, Ronald 1.3
11/4/2011 Rakunas, Ronald 1.1
11/4/2011 Rakunas, Ronald 1.6
11/7/2011 Rakunas, Ronald 1.9
11/7/2011 Rakunas, Ronald 0.6
11/8/2011 Rakunas, Ronald 0.8
11/8/2011 Rakunas, Ronald 1.2
11/9/2011 Rakunas, Ronald 1.4
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Sub Total:
Activity: Litigation
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: 2718 litigation document review and preparation.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 ligitgation document review and discussion.
Activity: General Overview
Comment: conference call with colleagues summarizing current status and discussion of next steps.
Comment: Lunch with Kelly Ng to update on business activities for loan servicer.
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11/9/2011 Rakunas, Ronald 1.3
11/10/2011 Rakunas, Ronald 0.6
11/11/2011 Rakunas, Ronald 1.8
11/11/2011 Rakunas, Ronald 1.6
11/11/2011 Weissenborn, Jim 0.6
11/14/2011 Rakunas, Ronald 0.7
11/14/2011 Rakunas, Ronald 1.4
11/15/2011 Rakunas, Ronald 1.8
11/15/2011 Rakunas, Ronald 0.7
11/15/2011 Weissenborn, Jim 0.9
11/16/2011 Rakunas, Ronald 1.9
11/16/2011 Rakunas, Ronald 0.4
11/17/2011 Dishnica, Rick 0.2
11/17/2011 Rakunas, Ronald 1.8
11/17/2011 Rakunas, Ronald 1.1
11/17/2011 Weissenborn, Jim 1.5
11/17/2011 Weissenborn, Jim 1.1
11/18/2011 Rakunas, Ronald 2.1
11/18/2011 Rakunas, Ronald 0.6
11/21/2011 Dishnica, Rick 0.1
11/21/2011 Rakunas, Ronald 0.8
11/21/2011 Rakunas, Ronald 1.6
11/21/2011 Rakunas, Ronald 1.2
11/22/2011 Dishnica, Rick 0.2
11/22/2011 Rakunas, Ronald 1.2
11/22/2011 Rakunas, Ronald 0.7
11/22/2011 Weissenborn, Jim 0.8
11/22/2011 Weissenborn, Jim 0.6
11/23/2011 Rakunas, Ronald 0.6
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: call with Dennis Zentil re: litigation billing
Comment: Review and update litigation report.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion re FL DEP/Army Corps
Comment: call with Lombino re: Vantage title insurance update/issuance post BK settlement. e-mail colleagues
re: Pend Orielle WFF waiver.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 document review and discussion re FL DEP/Army Corps
Comment: Various calls with counsel and colleagues regarding document production issues
Comment: Call with counsel and colleagues regarding 2004 exams and issues
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Hearing participation
Comment: Preparation for hearing
Comment: Rancho Las Flores document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Quintero litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Review of Ng Chapter 7 documents
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Discuss various indemnification claims with counsel and colleagues
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Call with Mike Gehret re: Arlin Geophysical IRS litigation and impact of BK
Page 45
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11/23/2011 Weissenborn, Jim 0.8
11/28/2011 Dishnica, Rick 0.2
11/28/2011 Rakunas, Ronald 2.1
11/28/2011 Rakunas, Ronald 1.4
11/28/2011 Weissenborn, Jim 0.8
11/29/2011 Dishnica, Rick 0.3
11/29/2011 Rakunas, Ronald 3.7
11/30/2011 Rakunas, Ronald 5.7
11/30/2011 Weissenborn, Jim 1.1
11/30/2011 Weissenborn, Jim 1.1
60.0
Date Employee Hours
11/1/2011 Holley, Joshua 0.8
11/1/2011 Holley, Joshua 0.3
11/1/2011 Holley, Joshua 0.7
11/1/2011 Weissenborn, Jim 2.2
11/1/2011 Weissenborn, Jim 0.5
11/3/2011 Holley, Joshua 0.8
11/7/2011 Holley, Joshua 1.1
11/7/2011 Holley, Joshua 0.2
11/7/2011 Weissenborn, Jim 0.7
11/9/2011 Holley, Joshua 1.5
11/9/2011 Holley, Joshua 1.7
11/9/2011 Weissenborn, Jim 2.2
11/9/2011 Weissenborn, Jim 1.8
Comment: Prescott Diligence: Review diligence questions from Prescott. Call with Prescott to underwrite assets -
upload asset level docs to data room (canyon club, aquaterra, Carlton financials). Follow up with appropriate
asset managers re requests from Prescott.
Comment: Meeting with colleagues regarding DIP loan proposals and asset sale contracts
Comment: Meeting with colleagues regarding asset sales and management issues
Comment: Calls with David Weyrich and James Ballentine re: Jack's Ranch litigation and David's deposition.
Comment: Rancho Las Flores litigation document review and discussion preparation for settlement discussions
11/30.
Comment: Settlement conference with Rancho Las Flores principals and attorneys.
Comment: Review of GT and WF complaints to stay litigation and discuss with colleagues
Comment: Preparation for 12/6 omnibus hearing
Sub Total:
Activity: Meetings / Preparation
Comment: Update call with asset managers re JC Reeves offers, Georgetown status (Matt), and BK / DIP status.
Comment: Call with asset manger re 2718 and missing files.
Comment: Call with asset managers re Weyrich assets (Ysabel: offers and DRE status, Carlton: assessor inquiries,
and Jack's litigation update)
Comment: Asset management meeting with collagues
Comment: Administration
Comment: Call with local counsel and asset managers re Pend Oreille and strategy re foreclosure and MF'08
Comment: Call w/counsel and asset managers re bankruptcy sales process.
Comment: Correspondence with Troy Dana re property management invoice.
Comment: Meeting with colleagues regarding various reporting package issues
Comment: Pend Oreille: Meeting with MF08 (Brinkman) re Pend Oreille pending contract. Pend Oreille review
call with asset managers following discussions with MF08.
Comment: Various calls with counsel and colleagues regarding document production issues
Comment: E-mails with Rick Stacey re: Pend Orielle mechanics lien status
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Review of RLF Joint Litigation Agreement memo and discuss with colleagues
Page 46
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11/10/2011 Holley, Joshua 0.4
11/14/2011 Holley, Joshua 0.5
11/15/2011 Holley, Joshua 1.7
11/16/2011 Holley, Joshua 0.9
11/16/2011 Weissenborn, Jim 0.4
11/16/2011 Weissenborn, Jim 1.0
11/18/2011 Holley, Joshua 0.8
11/21/2011 Holley, Joshua 0.3
11/22/2011 Holley, Joshua 0.2
11/22/2011 Holley, Joshua 0.5
11/22/2011 Holley, Joshua 0.7
11/22/2011 Weissenborn, Jim 0.4
11/22/2011 Weissenborn, Jim 1.4
11/25/2011 Weissenborn, Jim 0.5
11/28/2011 Holley, Joshua 0.7
11/29/2011 Holley, Joshua 4.5
11/29/2011 Holley, Joshua 0.6
11/29/2011 Holley, Joshua 0.8
11/29/2011 Holley, Joshua 0.7
11/29/2011 Holley, Joshua 0.2
11/29/2011 Weissenborn, Jim 1.6
11/29/2011 Weissenborn, Jim 1.7
11/30/2011 Holley, Joshua 1.2
36.2
Comment: Call with Casey at LAO to review strategy for data room construction and procedure for reviewing
offers.
Comment: Discussions with counsel and asset managers re preparation for and administer RE Reno conference.
Comment: Review with counsel and asset managers inquiries posed by FTI re LOTT transaction.
Comment: Review letter from Jerry Reeves to Standard - Discuss with counsel threat of Jerry Reeves allegations.
Discuss with asset manager.
Comment: Discuss with counsel and asset managers strategy re RLF settlement meeting.
Comment: Prelim discussions w/counsel re Quincy PSA and Reeves' PSA / CC&R issues. Organize call for Wed.
Comment: Meeting with colleagues to prepare for RE Reno meeting
Comment: Meeting with colleagues regarding preparation for RLF settlement meeting
Comment: Detailed review of Monet's Garden CC&R's, DOT and declarant rights issues to support transaction.
Sub Total:
Comment: Internal call re Rancho docs to support legal due diligence and ABW Lott transaction / Mike
Courtnage.
Comment: Multiple internal calls and discussions with asset managers re DPO proposal by San Luis Obispo
county.
Comment: Asset level diligence call with FTI pertaining to motions filed with the court.
Comment: Call with S Hammond re Vantage Lofts property tax issue and collateral value.
Comment: Meeting with colleagues regarding various issues with resolution payments
Comment: Meeting with counsel and colleagues regarding hearing preparation
Comment: BK update and status meeting with asset managers following hearing on 9/17.
Comment: Organize internal status update call for 11/22 (multiple calls and emails to each participant).
Comment: Internal discussions re process and template for request for consent from committee and WF.
Comment: Call with Steve Hammond (FTI) re JC Reeves property tax status. Subsequent email to Jennifer
Rodgers requesting update on JC Reeves prop taxes.
Comment: Internal update and BK status call with asset managers.
Comment: Preparation for staff status meeting
Comment: Staff status meeting
Comment: Administration
Page 47
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Date Employee Hours
11/21/2011 Weissenborn, Jim 0.7
11/21/2011 Weissenborn, Jim 0.4
11/22/2011 Weissenborn, Jim 0.5
1.6
Date Employee Hours
11/7/2011 Holley, Joshua 4.0
11/8/2011 Holley, Joshua 6.2
10.2
Date Employee Hours
11/7/2011 Weissenborn, Jim 0.5
11/22/2011 Weissenborn, Jim 0.3
11/28/2011 Weissenborn, Jim 0.4
11/30/2011 Weissenborn, Jim 0.4
1.6
873.4
Sub Total:
Activity: Tax Issues
Comment: Review of RE Reno tax issues memo
Comment: Call with colleagues regarding Carlton Hotel tax issues
Comment: Review RE Reno taxation memorandum
Comment: Discuss RE Reno taxation issues with colleagues
Sub Total:
Report Grand Total:
Activity: Meetings of Creditors
Comment: Call with colleagues regarding settlement discussions regarding RLF
Comment: Call with colleagues regarding FTI information request issues
Comment: Review FTI retention agreement and discuss issues with counsel
Sub Total:
Activity: Organization / Field Work
Comment: Due diligence meeting with Buyer on Pend Oreille in Sandpoint.
Comment: Diligence meeting, site visit and visit comparable tracts in Sandpoint (Pend Oreille) and discuss
project.
Page 48
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 52 of 123
Date Employee Description Amount
10/25/2011 Henderson, George Charlotte, NC - Austin, TX - 10/31 433
10/31/2011 Holley, Joshua Spokane, WA - San Francisco, CA, one way 238
10/31/2011 Holley, Joshua Austin, TX - Spokane, WA - one way 297
11/1/2011 Henderson, George Fulton Cty., MO - San Francisco, CA - 11/13 495
11/1/2011 Henderson, George San Francisco, CA - Palm Beach, FL - 11/11 324
11/1/2011 Henderson, George Austin, TX - San Francisco, CA - 11/7 425
11/1/2011 Henderson, George San Francisco, CA - Charlotte, NC - 11/18 431
11/2/2011 Holley, Joshua Oakland, CA - Kansas City, KS - one way 283
11/2/2011 Weissenborn, Jim Detroit, MI - Dallas, TX with change fee 1,140
11/8/2011 Dishnica, Rick SFO-CEG roundtrip 423
11/9/2011 Henderson, George San Francisco, CA - Detroit, MI 157
11/9/2011 Henderson, George Charlotte, NC - San Francisco, CA - 11/28 548
11/14/2011 Holley, Joshua Detroit, MI - San Francisco, CA - one way 274
11/14/2011 Holley, Joshua Austin, TX - San Francisco, CA, RT 814
11/14/2011 Rakunas, Ronald Orange County, CA - Oakland, CA 204
11/16/2011 Rakunas, Ronald Oakland, CA - Orange County, CA 204
11/19/2011 Dakan, Farley Austin, TX - San Francisco, CA, RT 497
11/21/2011 Holley, Joshua San Francisco, CA - Austin, TX 280
11/22/2011 Weissenborn, Jim Detroit, MI - San Francisco, CA 1,320
8,787
Date Employee Description Amount
11/4/2011 Holley, Joshua Avis Rental (10/31 - 11/4) 325
11/7/2011 Holley, Joshua Avis Toll Fee 12
11/8/2011 Holley, Joshua Avis Rental Spokane 203
11/11/2011 Henderson, George Car Rental 344
11/11/2011 Holley, Joshua Avis One Day (Walnut Creek) 73
11/16/2011 Rakunas, Ronald OAK-Lafayette-OAK 317
11/18/2011 Henderson, George Rental Car 5 days 439
1,712
Date Employee Description Amount
10/28/2011 Henderson, George Parking - Charlotte airport 30
10/28/2011 Henderson, George Bay Bridge Toll 6
11/3/2011 Holley, Joshua Parking - Austin airport 12
11/11/2011 Henderson, George Bay Bridge Toll 6
11/16/2011 Rakunas, Ronald Parking - Orange County airport 44
11/18/2011 Henderson, George Parking = Charlotte airport 114
11/18/2011 Henderson, George Bay Bridge Toll 6
218
Client Expense Detail by Project and Expense TypeReport Date Range: 11/1/2011 to 11/30/2011
Client / Project: RE Loans / RE Loans
Expense Type: Airfare
Sub Total:
Sub Total:
Sub Total:
Expense Type: Gas / Parking / Tolls
Expense Type: Car Rental
Page 49
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 53 of 123
Date Employee Description Amount
10/28/2011 Henderson, George Renaissance Club Sport 695
11/4/2011 Holley, Joshua Renaissance Hotel (3 nights) 609
11/7/2011 Henderson, George Lafayette Park 1 night 184
11/8/2011 Holley, Joshua Best Western Edgwater (2 rooms, Rick Included) 201
11/9/2011 Henderson, George Lafayette Park Hotel 11/8 193
11/11/2011 Henderson, George Renaissance Walnut Creek 11/9-11/10 366
11/12/2011 Holley, Joshua Renaissance Hotel (3 Nights) 946
11/12/2011 Holley, Joshua Renaissance Hotel (Breakfast) 4
11/16/2011 Rakunas, Ronald Renaissance Walnut Creek - 2 nights 479
11/18/2011 Dakan, Farley hotel in dallas (2 nights) 520
11/18/2011 Henderson, George Renaissance Walnut Creek 11/13 - 11/18 994
11/18/2011 Weissenborn, Jim Dallas, TX - 2 nights 382
5,574
Date Employee Description Amount
10/24/2011 Henderson, George Dinner 76
10/26/2011 Henderson, George Lunch 57
10/31/2011 Holley, Joshua Lunch 23
10/31/2011 Holley, Joshua Food 45
10/31/2011 Holley, Joshua Food 9
11/2/2011 Holley, Joshua Dinner 19
11/3/2011 Holley, Joshua Dinner 17
11/7/2011 Dishnica, Rick Dinner 278
11/7/2011 Henderson, George Lunch 8
11/7/2011 Holley, Joshua Lunch 36
11/7/2011 Holley, Joshua Food 12
11/8/2011 Dishnica, Rick Breakfast - R. Dishnica, J. Holley 22
11/8/2011 Henderson, George Lunch 25
11/9/2011 Henderson, George Dinner - G. Henderson, F. Dakan, R. Rakunas, J. Holey 73
11/9/2011 Henderson, George Lunch - G. Henderson, F. Dakan, R. Rakunas, J. Holley 36
11/9/2011 Holley, Joshua Food 23
11/10/2011 Holley, Joshua Dinner - J. Holley, G. Henderson 83
11/11/2011 Holley, Joshua Lunch 13
11/13/2011 Henderson, George Dinner 6
11/13/2011 Henderson, George Lunch 12
11/14/2011 Henderson, George Lunch 18
11/15/2011 Henderson, George Dinner - G. Henderson, F. Dakan, R. Rakunas, J. Holey 48
11/15/2011 Henderson, George Lunch - G. Henderson, F. Dakan, R. Rakunas, J. Holley 55
11/16/2011 Henderson, George Lunch - G. Henderson, F. Dakan, R. Rakunas, J. Holley 50
11/16/2011 Weissenborn, Jim Refreshments 43
11/17/2011 Dakan, Farley dinner - F. Dakan, J. Weissenborn, O'Neil 36
11/17/2011 Henderson, George Lunch - G. Henderson, F. Dakan, R. Rakunas, J. Holley 35
11/17/2011 Weissenborn, Jim Dinner - J. Weissenborn, F. Dakan 220
11/17/2011 Weissenborn, Jim Refreshments 13
11/18/2011 Weissenborn, Jim Refreshments 16
11/30/2011 Dishnica, Rick Lunch- R. Dishnica, Kelly Ng 64
12/10/2011 Henderson, George Lunch - G. Henderson, F. Dakan, R. Rakunas, J. Holley 42
1,515
Expense Type: Lodging
Expense Type: Meals & Entertainment
Sub Total:
Sub Total:
Page 50
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Date Employee Description Amount
11/19/2011 Dakan, Farley mileage to from Austin/Dallas [422.00@$0.5100] 215
215
Date Employee Description Amount
11/18/2011 Brennan, Mike Pandesa-ShareVault Monthly file storage-27,787 page count 2,062
2,062
Date Employee Description Amount
11/8/2011 Holley, Joshua BART Train Ticket 20
20
Date Employee Description Amount
11/4/2011 Holley, Joshua Conference Call Service 15
11/5/2011 Holley, Joshua Conference Call Service 10
11/8/2011 Holley, Joshua Conference Call Service 27
11/9/2011 Holley, Joshua Conference Call Service 7
11/10/2011 Holley, Joshua Conference Call Service 23
11/16/2011 Holley, Joshua Conference Call Service 20
11/21/2011 Holley, Joshua Conference Call Service 31
11/23/2011 Holley, Joshua Conference Call Service 45
178
$ 20,282Report Grand Total:
Sub Total:
Expense Type: Telecommunications (Internet/Cell)
Sub Total:
Sub Total:
Expense Type: Mileage
Sub Total:
Expense Type: Miscellaneous
Expense Type: Taxi / Trains
Page 51
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 55 of 123
180 High Oak Road, Bloomfield Hills, MI 48304
November 17, 2011
SERVICES RENDEREDBy Mackinac Partners, LLC for the period October 1, 2011 through October 31, 2011in the role as Chief Restructuring Officer
Hours Rate TotalFees
James Weissenborn 132.3 560$ 74,088Farley Dakan 171.3 440$ 75,372Ron Rakunas 179.3 430$ 77,099Rick Dishnica 27.9 410$ 11,439Mike Brennan 56.1 335$ 18,794George Henderson 128.0 300$ 38,400Josh Holley 174.9 275$ 48,098Kyle Koger 13.0 250$ 3,250
Sub Total 882.8 346,539
Out-of-Pocket Expenses:Detail attached 26,122
372,661$
***PLEASE NOTE NEW WIRE INSTRUCTIONS BELOW EFFECTIVE MAY 5, 2010
Bank: Bank of America, N.A.ABA Routing No.: 026009593
Account: Merrill Lynch Account 6550113516For Final Credit of 689-03306Mackinac Partners, LLC
Re: RE Loans, LLC
Wiring Instructions:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 56 of 123
Date Employee Hours
10/11/2011 Henderson, George 2.3
10/11/2011 Henderson, George 1.2
10/12/2011 Henderson, George 1.3
10/14/2011 Henderson, George 1.4
10/20/2011 Henderson, George 1.2
10/21/2011 Henderson, George 1
10/25/2011 Henderson, George 1.3
10/31/2011 Henderson, George 5.3
15
Date Employee Hours
10/3/2011 Dishnica, Rick 0.1
10/6/2011 Dishnica, Rick 0.3
10/6/2011 Dishnica, Rick 0.2
10/11/2011 Dishnica, Rick 0.2
10/12/2011 Dishnica, Rick 0.5
10/12/2011 Dishnica, Rick 0.5
10/12/2011 Dishnica, Rick 0.5
10/12/2011 Dishnica, Rick 0.4
10/13/2011 Dishnica, Rick 0.4
10/14/2011 Dishnica, Rick 0.8
10/14/2011 Dishnica, Rick 0.2
10/14/2011 Dishnica, Rick 0.4
Project Time Detail by ActivityItem Date Range: 10/1/2011 to 10/31/2011
RE Loans
Project: RE Loans
Activity: Accounting / Auditing
Comment: -Prepared and reviewed draw request
Comment: -Updated revenue budget
Comment: -Finalized Draw Request
Comment: -correspondence regarding draw request
Comment: -updated budget and variance report
Comment: -updated budget
Comment: -Updated Bankruptcy budget
Comment: -budget analysis
Sub Total:
Activity: Asset Analysis and Recovery
Comment: Cottonwood note modification proposal
Comment: Cottonwood Hills e-mails re: loan modification
Comment: Jack's Ranch e-mails re: litigation/bankruptcy
Comment: Jack's Ranch e-mails re: foreclosure notice and stay of litigation
Comment: Jack's Ranch litigation and bankruptcy interaction
Comment: Woodbridge preparation for discussion with borrower on loan modification
Comment: Cottonwood discussion of loan modification
Comment: Pend Orielle e-mails re: tax analysis
Comment: Cottonwood discussion re: loan modification
Comment: Jack's Ranch call re: litigation analysis
Comment: Cottonwood borrower inquiry re: note sale
Comment: Pecos Creek update e-mail
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 57 of 123
10/18/2011 Dishnica, Rick 0.3
10/20/2011 Dishnica, Rick 0.1
10/24/2011 Henderson, George 0.7
10/27/2011 Henderson, George 2.7
8.3
Date Employee Hours
10/1/2011 Weissenborn, Jim 0.4
10/3/2011 Dakan, Farley 0.8
10/3/2011 Dakan, Farley 0.5
10/3/2011 Dishnica, Rick 0.2
10/3/2011 Dishnica, Rick 0.1
10/3/2011 Rakunas, Ronald 1.6
10/3/2011 Rakunas, Ronald 0.6
10/3/2011 Rakunas, Ronald 0.7
10/3/2011 Weissenborn, Jim 0.8
10/4/2011 Dakan, Farley 0.7
10/4/2011 Holley, Joshua 0.6
10/4/2011 Holley, Joshua 0.6
10/4/2011 Holley, Joshua 0.2
10/4/2011 Rakunas, Ronald 1.3
10/4/2011 Rakunas, Ronald 1.7
10/4/2011 Rakunas, Ronald 1.3
10/5/2011 Dakan, Farley 0.2
10/5/2011 Dakan, Farley 0.2
10/5/2011 Dakan, Farley 0.2
Comment: Jack's Ranch e-mails re: escrow account tax ID issue
Comment: Pecos Creek update e-mails
Comment: -Correspondence with Woodbridge regarding forbearance agreement
Comment: -Consolidated timeline document creation
Sub Total:
Activity: Asset Disposition
Comment: Review of Vantage Lofts settlement agreement and discuss with colleagues
Comment: review contract and modify language for bankruptcy approval process
Comment: asset management status update with colleagues
Comment: Santa Ysabel e-mails for sale of lot #4.
Comment: Vantage bankruptcy & litigation e-mails
Comment: LOTT transaction document review and discussions with colleagues, LOTT officials.
Comment: Document review and discussion with potential buyers of Quintero.
Comment: Document review and discussions with potential buyers of Moses Point.
Comment: Discussion of MF08 CRO inquiries
Comment: review revisions to broker agreements
Comment: Review call for DebtX pricing schedule and discuss release price per asset.
Comment: Multiple discussions with Jeff Feeney re new listing agreement and new pricing structure.
Comment: Review correspondence on LOTT sale proposal.
Comment: AABW LOTT document review and discussion.
Comment: JC Reeves document review and discussion.
Comment: Bravo Marshall discussion and document review regarding second closing.
Comment: call with potential note purchaser
Comment: execute contracts for lot sales
Comment: send georgetown documents to potential purchaser
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 58 of 123
10/5/2011 Dishnica, Rick 0.2
10/5/2011 Dishnica, Rick 0.1
10/5/2011 Holley, Joshua 0.8
10/5/2011 Holley, Joshua 0.5
10/6/2011 Dakan, Farley 0.2
10/6/2011 Dishnica, Rick 1.5
10/6/2011 Dishnica, Rick 0.5
10/6/2011 Holley, Joshua 1
10/6/2011 Holley, Joshua 0.2
10/6/2011 Holley, Joshua 0.1
10/7/2011 Dakan, Farley 0.8
10/7/2011 Holley, Joshua 0.4
10/7/2011 Holley, Joshua 0.5
10/7/2011 Holley, Joshua 0.2
10/7/2011 Weissenborn, Jim 0.2
10/10/2011 Dakan, Farley 0.7
10/10/2011 Dishnica, Rick 3.5
10/10/2011 Henderson, George 1.9
10/10/2011 Holley, Joshua 0.6
10/10/2011 Rakunas, Ronald 1.2
10/10/2011 Rakunas, Ronald 1.7
10/10/2011 Weissenborn, Jim 0.3
10/10/2011 Weissenborn, Jim 0.6
Comment: Santa Ysabel e-mails: sale of lot # 4 and overall update.
Comment: Vantage bankruptcy & litigation e-mails
Comment: Review counter offer on Ysabel lot 4. Call w/Vickie Mullins to discuss process and additional BK
Language.
Comment: Multiple calls re Land Advisors and DebtX agreement.
Comment: call with colleagues on asset level broker agreements
Comment: Santa Ysabel calls and e-mails re: sales program with Land Advisors and Prudential
Comment: Vantage Lofts calls and e-mails re: bankruptcy
Comment: Discussions with counsel and asset managers re employment of LA and DX - review contracts.
Comment: Emails w/broker re Edleman contract on JC Reeves
Comment: Emails w/potential buyer on Pinnacle Georgetown.
Comment: call with colleagues regarding lakeview closing and pending contracts
Comment: Update call with Asset Manger to discuss DebtX status.
Comment: Call with Chelsea Ausland re CC&R's / HOA at Sherwood View.
Comment: Call with Shawn Buklin re. interest in Georgetown.
Comment: Discuss MF08/Las Colinas issues with colleagues
Comment: review land advisors listing agreement and discuss with colleagues
Comment: Discussion with Josh to prepare for meeting with Bill Brinkman, CRO for MF'08. Meeting with Bill
Brinkman to discuss Mortgage Fund '08 and RE Loans coordination on Pend Orielle and Los Colinas, assets in
common, and process to move forward operationally as each entity transitions through bankruptcy.
Comment: -preparation and revision of canyon club memo
Comment: Review offer on Georgetown and discuss with asset managers.
Comment: Bravo Marshall document review and discussion regarding 2nd closing.
Comment: AABW LOTT document review and discussion regarding sale.
Comment: Discussion of various MF08 issues with colleagues
Comment: Discuss with colleagues various REO issues
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 59 of 123
10/11/2011 Dishnica, Rick 1
10/11/2011 Dishnica, Rick 0.3
10/11/2011 Henderson, George 1.2
10/11/2011 Holley, Joshua 0.3
10/11/2011 Holley, Joshua 0.7
10/11/2011 Holley, Joshua 0.3
10/11/2011 Holley, Joshua 0.2
10/11/2011 Rakunas, Ronald 1.1
10/11/2011 Rakunas, Ronald 0.7
10/11/2011 Rakunas, Ronald 0.8
10/12/2011 Dakan, Farley 0.4
10/12/2011 Dakan, Farley 0.3
10/12/2011 Dishnica, Rick 2.5
10/12/2011 Dishnica, Rick 1.6
10/12/2011 Rakunas, Ronald 0.6
10/12/2011 Rakunas, Ronald 0.8
10/12/2011 Rakunas, Ronald 1.1
10/12/2011 Weissenborn, Jim 0.3
10/12/2011 Weissenborn, Jim 0.3
10/12/2011 Weissenborn, Jim 0.3
10/13/2011 Dishnica, Rick 0.4
10/13/2011 Dishnica, Rick 1
10/13/2011 Rakunas, Ronald 1.1
10/13/2011 Rakunas, Ronald 0.4
Comment: Pend Orielle e-mail and call re: foreclosure process in Idaho
Comment: Santa Ysabel e-mails re: lot #4
Comment: -Updated and reviewed disposition status report
Comment: Inquiry to counsel re. motion to consummate Forestar transaction.
Comment: Provide information to Ron re. JC Reeves declarant issues. Correspondence with Ausland re JC
Reeves and Edelman contract.
Comment: Review offer on Georgetown with Ron and provide feedback to buyer.
Comment: Correspondence to Jeff Feeney re. engagement and relationship w/Land Advisers.
Comment: Moses Point document review and discussion.
Comment: Quintero document review and discussion.
Comment: JC Reeves document review and discussion.
Comment: review pipeline report and discuss with asset managers
Comment: meeting regarding broker/note sales
Comment: Santa Ysabel calls and discussion re: sales program
Comment: Discussion of asset dispositions through bankruptcy process
Comment: Quintero document review and discussion.
Comment: Moses Point document review and discussion.
Comment: AABW marketing document review and discussions.
Comment: Discuss investor interest in Otay Mesa and Adams Canyon with colleagues
Comment: Discussion of foreclosure status and issues with colleagues
Comment: Discuss Bravo Marshall/Forestar issues with colleagues
Comment: Santa Ysabel calls re: asset sales
Comment: General information call requests
Comment: AABW LOTT sale document review and discussion.
Comment: Moses Point document review and discussion.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 60 of 123
10/13/2011 Weissenborn, Jim 0.5
10/13/2011 Weissenborn, Jim 0.4
10/13/2011 Weissenborn, Jim 0.4
10/14/2011 Dakan, Farley 1
10/14/2011 Dakan, Farley 0.7
10/14/2011 Dishnica, Rick 0.2
10/14/2011 Henderson, George 1.2
10/14/2011 Holley, Joshua 0.4
10/14/2011 Rakunas, Ronald 1.1
10/14/2011 Rakunas, Ronald 0.6
10/14/2011 Rakunas, Ronald 0.4
10/14/2011 Weissenborn, Jim 0.4
10/17/2011 Dakan, Farley 0.4
10/17/2011 Dishnica, Rick 0.1
10/17/2011 Dishnica, Rick 0.1
10/17/2011 Dishnica, Rick 0.1
10/17/2011 Henderson, George 1.5
10/17/2011 Henderson, George 0.6
10/17/2011 Henderson, George 0.8
10/17/2011 Holley, Joshua 0.7
10/17/2011 Holley, Joshua 0.9
10/17/2011 Rakunas, Ronald 0.4
10/17/2011 Rakunas, Ronald 0.7
10/17/2011 Rakunas, Ronald 0.6
Comment: Review REO and note marketing status
Comment: Review of Aquaterra appraisal
Comment: Review of Georgetown appraisal
Comment: Review contract on georgetown property
Comment: Call with colleagues on Bravo Marshall contract and closing
Comment: Note Sale program with Debt X: discussion
Comment: -correspondence regarding Cottonwood Hills borrower
Comment: Review commercial contract on georgetown with asset managers.
Comment: AABW sales document review and discussion.
Comment: JC Reeves sales document review and discussion.
Comment: Moses Point document review and discussion.
Comment: Discuss various Debt X issues with colleagues
Comment: review Santa Ysabel Ranch contract
Comment: Pend Orielle e-mails re: foreclosure
Comment: Santa Ysabel sale lot #4
Comment: Vantage e-mails re: bankruptcy
Comment: -Correspondence regarding Canyon Club tax parcels
Comment: -Correspondence with Woodbridge borrower regarding forbearance agreement
Comment: -Correspondence regarding potential DIP Loan
Comment: Correspondence with asset managers re property tax files and Ysabel counter offer status.
Comment: Correspondence and review of Don Corliss comments re JC Reeves Sherwood View contract.
Comment: Bravo Marshall document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: Quincy sale document review and discussions.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 61 of 123
10/18/2011 Dishnica, Rick 1.8
10/18/2011 Holley, Joshua 0.6
10/18/2011 Holley, Joshua 0.4
10/18/2011 Rakunas, Ronald 1.3
10/18/2011 Rakunas, Ronald 0.9
10/18/2011 Rakunas, Ronald 1.4
10/18/2011 Weissenborn, Jim 0.4
10/19/2011 Dakan, Farley 0.2
10/19/2011 Dakan, Farley 0.7
10/19/2011 Dakan, Farley 0.8
10/19/2011 Dakan, Farley 0.4
10/19/2011 Dishnica, Rick 2
10/19/2011 Dishnica, Rick 0.8
10/19/2011 Holley, Joshua 0.7
10/19/2011 Rakunas, Ronald 1.1
10/19/2011 Rakunas, Ronald 1.3
10/19/2011 Rakunas, Ronald 0.9
10/19/2011 Weissenborn, Jim 0.2
10/19/2011 Weissenborn, Jim 0.2
10/20/2011 Dakan, Farley 0.6
10/20/2011 Dakan, Farley 0.2
10/20/2011 Dishnica, Rick 3.3
10/20/2011 Dishnica, Rick 0.1
Comment: Review Pend Orielle documents and prepare strategy for next steps if buyer fails to close
Comment: Review, execute and distribute Final Land Advisor's and DebtX agreements.
Comment: Review counsel's comments on JC Reeves' offer and implement revisions to contract.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Bravo Marshall sale document review and discussion.
Comment: Call with colleagues regarding Debt X status and issues
Comment: Call with MF08 on las colinas transaction
Comment: Conference call with colleagues regarding Forestar transaction
Comment: review and execute final debtx and land advisors contracts
Comment: review pend orielle loan balance and contract
Comment: Pend Orielle updates for interest charges and information for foreclosure process and asset sale
per contract.
Comment: Discuss process with colleagues.
Comment: Follow up w/Don Corliss re JC Reeves contract. Forward information to Chelsea Ausland. Forward
information to Greg Jones for processing with BK court.
Comment: Bravo Marshall sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Review of Debt X timelines
Comment: Call with Committee counsel regarding commitment letter issues
Comment: call with counsel regarding las colinas
Comment: review/sign demand for lakeview unit
Comment: Review and discuss Pend Orielle documents. Phone discussion with Ralph Slateger, buyer of Pend
Orielle. Prepare for site visit and interview with Ralph.
Comment: Carlton Hotel restaurant opening status
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 62 of 123
10/20/2011 Dishnica, Rick 0.2
10/20/2011 Holley, Joshua 0.3
10/20/2011 Rakunas, Ronald 1.4
10/20/2011 Rakunas, Ronald 1.1
10/20/2011 Rakunas, Ronald 0.4
10/21/2011 Dakan, Farley 0.5
10/21/2011 Dakan, Farley 0.6
10/21/2011 Henderson, George 0.7
10/21/2011 Holley, Joshua 0.3
10/21/2011 Holley, Joshua 0.5
10/21/2011 Holley, Joshua 0.4
10/21/2011 Rakunas, Ronald 0.4
10/21/2011 Rakunas, Ronald 0.3
10/21/2011 Rakunas, Ronald 0.8
10/21/2011 Weissenborn, Jim 0.3
10/23/2011 Dakan, Farley 0.5
10/24/2011 Henderson, George 0.5
10/24/2011 Holley, Joshua 0.3
10/24/2011 Holley, Joshua 1.3
10/24/2011 Rakunas, Ronald 1.3
10/24/2011 Rakunas, Ronald 0.7
10/24/2011 Rakunas, Ronald 0.3
10/25/2011 Dakan, Farley 0.4
Comment: Vantage broker inquiry
Comment: Calls and emails with Mike Sim re interest in Vegas properties.
Comment: Bravo Marshall sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: review lakeview contract
Comment: discuss MF08 court order with counsel and transaction update
Comment: -emails with Woodbridge borrower regarding forbearance agreement
Comment: Review and execute LakeView demand letter for 2 unit closings.
Comment: Call with David Howes - interested party in Vantage Lofts to provide background on property and
status of bk/litigation.
Comment: Correspondence and update w/ Chelsea Ausland - Review revised offer on lot 68 and discuss with
asset managers.
Comment: Moses Point sale document review and discussion.
Comment: Quintero sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Discussion of Las Colinas settlement order with colleagues
Comment: review debtx application
Comment: -Correspondence with Feenune Broker regarding potential sale
Comment: Correspondence with Adam Green & Jeff Feeney re listing at Triple S and role of Land Advisors.
Comment: Correspondence with Chelsea Ausland re pending offers and process for future assets (JC Reeves) -
correspondence with D. Corliss re lot 68 offer in Sherwood. Additional correspondence re offer on Monet's
Garden w/Chelsea, Ron and Don.
Comment: JC Reeves sale document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: Quincy sale document review and discussion.
Comment: Review/comment on declaration on for employment of land advisors
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 63 of 123
10/25/2011 Dakan, Farley 1.1
10/25/2011 Dakan, Farley 0.7
10/25/2011 Dakan, Farley 0.3
10/25/2011 Henderson, George 0.2
10/25/2011 Holley, Joshua 1.3
10/25/2011 Holley, Joshua 2.2
10/25/2011 Holley, Joshua 1.8
10/25/2011 Rakunas, Ronald 0.8
10/25/2011 Rakunas, Ronald 0.6
10/25/2011 Rakunas, Ronald 1.2
10/25/2011 Weissenborn, Jim 0.7
10/26/2011 Dakan, Farley 0.8
10/26/2011 Holley, Joshua 0.9
10/26/2011 Holley, Joshua 0.5
10/26/2011 Rakunas, Ronald 0.4
10/26/2011 Rakunas, Ronald 0.6
10/26/2011 Rakunas, Ronald 0.4
10/27/2011 Dakan, Farley 0.8
10/27/2011 Dakan, Farley 0.5
10/27/2011 Dakan, Farley 0.2
10/27/2011 Holley, Joshua 0.5
10/27/2011 Holley, Joshua 0.4
Comment: Meeting with potential purchaser on Georgetown
Comment: call with MF08 advisors on las colinas transaction
Comment: call with colleagues regarding due diligence requests
Comment: -Correspondence with Feenune broker
Comment: Calls and emails with Chelsea Ausland re pending LOI's on JC Reeves. Internal discussions on
viability of offers. Correspondence with Don Corliss re pending LOI's on JC Reeves.
Comment: DebtX diligence support: create data room profiles for DebtX team, upload payment history data
for all notes Populate data tape for every loan at DebtX request. Internal discussions re DebtX procedure and
strategy.
Comment: Correspondence with each local broker (Ausland, Feeney, and Mullins) to obtain consent for
application to employ. Discussions with Greg and Ron re application(s) to employ.
Comment: AABW LOTT sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Lockenheath sale document review and discussion.
Comment: Discussion of Debt X auction issues with Committee counsel and colleagues
Comment: review contracts on SYR lots
Comment: Correspondence with each local broker (Ausland, Feeney, and Mullins) to obtain consent for
application to employ. Discussions with Greg and Ron re application(s) to employ.
Comment: Review and correspondence with Vickie Mullins re. two new LOI's on Ysabel.
Comment: Moses Point sale document review and discussion.
Comment: Quintero sale document review and discussion.
Comment: Lakeview sale document review and discussion.
Comment: update call with counsel on Las Colinas
Comment: call with colleagues on asset dispositions
Comment: review JC Reeves pricing
Comment: Create disposition schedule for JC Reeves offers to analyze current LOI's.
Comment: Correspondence with asset managers and Vickie Mullins re pending offers on Ysabel. Additional
calls with asset managers to discuss Ysabel offers.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 64 of 123
10/27/2011 Rakunas, Ronald 1.3
10/27/2011 Rakunas, Ronald 0.9
10/27/2011 Rakunas, Ronald 0.7
10/28/2011 Dakan, Farley 0.8
10/28/2011 Dakan, Farley 0.3
10/28/2011 Dakan, Farley 0.7
10/28/2011 Dakan, Farley 0.4
10/28/2011 Dakan, Farley 0.3
10/28/2011 Rakunas, Ronald 0.7
10/28/2011 Rakunas, Ronald 1.8
10/28/2011 Rakunas, Ronald 0.9
10/29/2011 Dakan, Farley 1
10/31/2011 Dakan, Farley 1
10/31/2011 Dishnica, Rick 1
10/31/2011 Dishnica, Rick 0.2
10/31/2011 Holley, Joshua 0.9
10/31/2011 Holley, Joshua 0.5
10/31/2011 Holley, Joshua 0.3
10/31/2011 Holley, Joshua 0.4
10/31/2011 Rakunas, Ronald 1.4
10/31/2011 Rakunas, Ronald 1.1
10/31/2011 Rakunas, Ronald 0.9
10/31/2011 Weissenborn, Jim 0.7
Comment: AABW LOTT sale document review and discussion.
Comment: Triple S sale document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Review Debtx modifications
Comment: Call regarding Pend Orielle note sale
Comment: call with counsel on Las Colinas
Comment: Status update call on dispositions
Comment: Call regarding Pend Orielle note sale
Comment: JC Reeves sale document review and discussions..
Comment: AABW LOTT sale document review and discussion.
Comment: Quintero sale document review and discussion.
Comment: review pend orielle note sale documents
Comment: review counteroffers on lot sales
Comment: Pend Orielle analysis and administrative matters
Comment: Santa Ysabel e-mails and call re: lot 15 & 26
Comment: Outline bk approval timeline for offers received on JC Reeves (instruct Chelsea Ausland) Additional
correspondence with Chelsea Ausland re status of offers and procedure moving forward.
Comment: Correspondence with Don Corliss re current offers on JC Reeves - instruct to convert LOI's to
contracts and dictate terms to Corliss.
Comment: Internal discussions with asset managers re Ysabel offers.
Comment: Correspondence with asset managers and Jeff Cantor re amendment to DebtX contract.
Comment: Pend Orielle sale document review and discussion.
Comment: AABW LOTT document review and discussion.
Comment: JC Reeves sale document review and discussion.
Comment: Review schedule of revised release prices
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 65 of 123
10/31/2011 Weissenborn, Jim 0.5
10/31/2011 Weissenborn, Jim 0.3
10/31/2011 Weissenborn, Jim 0.4
132.4
Date Employee Hours
10/3/2011 Rakunas, Ronald 0.9
10/13/2011 Rakunas, Ronald 1.2
10/14/2011 Rakunas, Ronald 0.7
10/17/2011 Rakunas, Ronald 0.9
10/18/2011 Rakunas, Ronald 1.1
10/19/2011 Rakunas, Ronald 1.3
10/20/2011 Rakunas, Ronald 0.8
10/21/2011 Rakunas, Ronald 0.4
10/24/2011 Rakunas, Ronald 0.7
10/25/2011 Rakunas, Ronald 0.8
10/27/2011 Rakunas, Ronald 0.6
10/28/2011 Rakunas, Ronald 0.4
9.8
Date Employee Hours
10/2/2011 Holley, Joshua 0.2
10/3/2011 Brennan, Mike 0.8
10/3/2011 Brennan, Mike 0.8
10/3/2011 Brennan, Mike 0.6
10/3/2011 Dakan, Farley 0.6
10/3/2011 Dakan, Farley 1
Comment: Discuss revised release prices with colleagues
Comment: Discuss Las Colinas issues with colleagues
Comment: Review analysis of revised release prices
Sub Total:
Activity: Business Model / Support
Comment: Review and update business model.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Review and update business model.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Comment: Business model review and update.
Sub Total:
Activity: Business Operations
Comment: Review email correspondence from weekend and detail tasks for week of Oct 3.
Comment: Email correspondence and communication-various
Comment: Property managment-lona modification Cottonwood Hills
Comment: Property foreclousre execution-final documentation JC Reeves
Comment: Review and comment on vantage lofts settlement agreeement
Comment: Read SEC subpoena
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 66 of 123
10/3/2011 Dakan, Farley 0.6
10/3/2011 Holley, Joshua 1
10/3/2011 Holley, Joshua 1
10/3/2011 Rakunas, Ronald 2.7
10/3/2011 Rakunas, Ronald 1.4
10/3/2011 Rakunas, Ronald 0.8
10/4/2011 Brennan, Mike 1
10/4/2011 Brennan, Mike 0.9
10/4/2011 Brennan, Mike 0.9
10/4/2011 Dakan, Farley 0.6
10/4/2011 Dakan, Farley 0.4
10/4/2011 Dakan, Farley 0.8
10/4/2011 Dakan, Farley 0.5
10/4/2011 Dakan, Farley 0.4
10/4/2011 Holley, Joshua 1.2
10/4/2011 Rakunas, Ronald 1.4
10/4/2011 Rakunas, Ronald 1.1
10/4/2011 Rakunas, Ronald 0.3
10/5/2011 Brennan, Mike 1.1
10/5/2011 Brennan, Mike 1
10/5/2011 Brennan, Mike 0.8
10/5/2011 Dakan, Farley 0.2
10/5/2011 Dakan, Farley 0.5
Comment: discuss data delivery standards of information to SEC
Comment: Organize JC Reeves foreclosure docs and invoices. Load to data room. JC Reeves transaction
detail.
Comment: Review Vantage Lofts motion for settlement with Rick and discuss credit bid analysis.
Comment: Review of Otay Ranch site, surrounding master plan and competition, including market data
collection and discussions with surrounding property owners and their representatives.
Comment: Otay Ranch discussions with City officials.
Comment: Bankruptcy document review.
Comment: Email correspondence and communication-various
Comment: Property foreclsoure execution and planning-Jack's Ranch
Comment: End of month lender reporting-Wells Fargo
Comment: review litigation schedule,
Comment: status call on jack's ranch litigation,
Comment: call with colleagues and counsel on committee request
Comment: review SYR inventory listing
Comment: review committee agenda outline
Comment: Multiple discussions re Ysabel Ranch listing detail, pricing schedule and process for reviewing
offers, etc.
Comment: Bankruptcy filing document review and discussion.
Comment: AABW LOTT sale document review and discussion.
Comment: AABW property management document review and discussions.
Comment: Email correspondence and communication-various
Comment: End of month lender reporting-Wells Fargo
Comment: Property insurance calls and document prep
Comment: Review Rancho Las Flores notice of default
Comment: Meeting with colleagues for creation of org chart and task list
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 67 of 123
10/5/2011 Dakan, Farley 0.6
10/5/2011 Dakan, Farley 0.9
10/5/2011 Holley, Joshua 0.5
10/5/2011 Holley, Joshua 0.3
10/5/2011 Holley, Joshua 0.3
10/6/2011 Brennan, Mike 0.5
10/6/2011 Brennan, Mike 0.6
10/6/2011 Dakan, Farley 0.7
10/6/2011 Dakan, Farley 0.5
10/6/2011 Dakan, Farley 0.5
10/6/2011 Dakan, Farley 0.6
10/6/2011 Dakan, Farley 0.5
10/6/2011 Dakan, Farley 0.3
10/6/2011 Holley, Joshua 0.2
10/6/2011 Holley, Joshua 0.6
10/6/2011 Weissenborn, Jim 0.4
10/7/2011 Brennan, Mike 0.8
10/7/2011 Brennan, Mike 1
10/7/2011 Brennan, Mike 0.9
10/7/2011 Dakan, Farley 1
10/7/2011 Dakan, Farley 0.8
10/7/2011 Dakan, Farley 0.4
10/7/2011 Holley, Joshua 0.3
10/7/2011 Rakunas, Ronald 1.9
Comment: conf call with MF08 representatives
Comment: review portfolio audit document with colleagues
Comment: Upload JC Reeves foreclosure docs into data room.
Comment: Provide information to counsel to support utility motion.
Comment: Call w/Dan Freeman re Pecos Creek and status of permits and remainder of $100k retainer. Call
w/Walt at Focus re Pecos Creek status of permits.
Comment: Email correspondence and communication-various
Comment: Property tax management and updates-Cottonwood Hills, Acanto legal claim
Comment: Discuss Las Colinas order with counsel
Comment: review and execute contract on lakeview unit
Comment: call with MF08 representative on Las Colinas order
Comment: review updated committee agenda outline and provide comment
Comment: review reporting package contents and documents for submission to WF
Comment: review carlton hotel update report
Comment: Load docket filings into data room.
Comment: Coordinate w/local counsel re order to approve consummation of Forestar transaction.
Comment: Review of organization chart and discuss with colleagues
Comment: Email correspondence and communication-various
Comment: Property discussions with team: Weyrich, Brokerage companies and Lochenheath
Comment: Property tax updates-Altus discussions and correspondence
Comment: status update call with counsel
Comment: asset management status update with colleagues
Comment: review org chart and roles/responsibilities document
Comment: Email correspondence with Jeff Krause and Greg Jones re statements and schedules and
application to employ Hines.
Comment: Debt X document review and discussions.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 68 of 123
10/7/2011 Rakunas, Ronald 1.1
10/7/2011 Weissenborn, Jim 0.2
10/9/2011 Henderson, George 2.2
10/10/2011 Brennan, Mike 0.6
10/10/2011 Brennan, Mike 0.4
10/10/2011 Brennan, Mike 0.9
10/10/2011 Dakan, Farley 1.3
10/10/2011 Dakan, Farley 1.1
10/10/2011 Henderson, George 3.1
10/10/2011 Henderson, George 2.7
10/10/2011 Rakunas, Ronald 1.3
10/10/2011 Rakunas, Ronald 1.1
10/10/2011 Rakunas, Ronald 0.7
10/10/2011 Weissenborn, Jim 0.6
10/11/2011 Brennan, Mike 1.2
10/11/2011 Brennan, Mike 0.6
10/11/2011 Brennan, Mike 0.8
10/11/2011 Dakan, Farley 0.7
10/11/2011 Dakan, Farley 0.5
10/11/2011 Henderson, George 3.8
10/11/2011 Holley, Joshua 0.3
10/11/2011 Rakunas, Ronald 1.2
10/11/2011 Rakunas, Ronald 0.7
10/11/2011 Rakunas, Ronald 0.6
Comment: Land Advisors document review and discussion.
Comment: Review of revised org chart
Comment: Preparation of bankruptcy schedules
Comment: Email correspondence and communication-various properties
Comment: Property tax discussions on stay notice-Altus
Comment: Property managment support: Georgetown deeds, note reconciliation for Wells, expense draw
submissions
Comment: review and comment on security interest document from counsel
Comment: asset management status update with colleagues
Comment: -Preparation and review of bankruptcy schedules
Comment: -prepared for creditor meeting
Comment: BK document review and discussion.
Comment: Debt X document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Review and discussion of overhead numbers and issues
Comment: Email correspondence and communication-various properties
Comment: Property litigation work-Weyrich/Jack's Ranch updates
Comment: Property insurance updates to support Trustee request.
Comment: reply to MF08 regarding allocation agreements and transaction documents
Comment: review and approve draw request
Comment: -Prepared and reviewed schedules
Comment: Load docket filings to data room.
Comment: Land Advisors discussion and document review.
Comment: BK document review and discussion.
Comment: JC Reeves foreclosure document review and discussion.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 69 of 123
10/12/2011 Brennan, Mike 0.8
10/12/2011 Brennan, Mike 0.4
10/12/2011 Dakan, Farley 1
10/12/2011 Dakan, Farley 0.3
10/12/2011 Dakan, Farley 0.8
10/12/2011 Dakan, Farley 0.6
10/12/2011 Henderson, George 5.9
10/12/2011 Holley, Joshua 0.2
10/12/2011 Holley, Joshua 0.4
10/12/2011 Rakunas, Ronald 1.6
10/12/2011 Rakunas, Ronald 0.4
10/12/2011 Rakunas, Ronald 0.9
10/12/2011 Weissenborn, Jim 0.3
10/12/2011 Weissenborn, Jim 0.5
10/12/2011 Weissenborn, Jim 0.2
10/13/2011 Brennan, Mike 0.9
10/13/2011 Brennan, Mike 0.8
10/13/2011 Brennan, Mike 0.6
10/13/2011 Dakan, Farley 0.8
10/13/2011 Dakan, Farley 0.4
10/13/2011 Henderson, George 2.7
10/13/2011 Henderson, George 2.3
10/13/2011 Henderson, George 4.1
10/13/2011 Holley, Joshua 1
Comment: Email correspondence and communication-various properties
Comment: Property management-Loan modifcation calls with Cottonwood Hills borrower
Comment: status update meeting in lafayette on operations
Comment: respond to noteholder request for information
Comment: review current insurance coverage
Comment: review property tax update
Comment: -Preparation of SOFAs and schedules
Comment: Download docket files and upload to data room.
Comment: Status update with Dan Freeman. Discussions on Pecos Creek remaining funds.
Comment: Land Advisors correspondence and discussion.
Comment: Debt X document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: Discussion of RE Reno expenses with colleagues
Comment: Discussion of various Department of Labor issues with colleagues
Comment: Review of Department of Labor tolling agreement
Comment: Email correspondence and communication-various properties
Comment: Property management-Litigation follow up work on Weyrich/Jack's Ranch
Comment: Property management-continuation of water system discussions-LochenHeath
Comment: discuss transaction closing details with counsel on One South/RE Reno
Comment: address cash management/bank accounts with colleagues
Comment: -Finalized SOFA's and Schedules
Comment: -Correspondence with Wells Fargo regading bank accounts
Comment: -Document generation for Monthly Operating Reports
Comment: Correspondence with Eve re RE Reno bank account. Work with George and back office to setup
new RE Reno account.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 70 of 123
10/13/2011 Rakunas, Ronald 1.3
10/13/2011 Rakunas, Ronald 0.6
10/13/2011 Rakunas, Ronald 1.1
10/13/2011 Rakunas, Ronald 1.6
10/13/2011 Weissenborn, Jim 0.3
10/14/2011 Brennan, Mike 0.8
10/14/2011 Brennan, Mike 0.5
10/14/2011 Brennan, Mike 0.6
10/14/2011 Dakan, Farley 0.4
10/14/2011 Dakan, Farley 0.8
10/14/2011 Dakan, Farley 0.4
10/14/2011 Dakan, Farley 0.6
10/14/2011 Henderson, George 1.1
10/14/2011 Henderson, George 1.7
10/14/2011 Holley, Joshua 0.6
10/14/2011 Holley, Joshua 0.4
10/14/2011 Rakunas, Ronald 0.8
10/14/2011 Rakunas, Ronald 1.1
10/14/2011 Rakunas, Ronald 0.4
10/14/2011 Rakunas, Ronald 1.1
10/16/2011 Dakan, Farley 0.4
10/16/2011 Henderson, George 1.2
10/17/2011 Brennan, Mike 0.8
10/17/2011 Brennan, Mike 0.6
Comment: Lockenheath entitlelment document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: Discuss various bank account issues with staff
Comment: Email correspondence and communication-various properties
Comment: Property management-Loan modification discussions Cottonwood Hills borrower
Comment: Property management-Foreclosure planning updates
Comment: review pecos creek update
Comment: call with counsel regarding SEC investigation
Comment: review loan document for transfer capability
Comment: call with colleagues regarding DIP loan
Comment: -correspondence regardng regarding bank accounts
Comment: -Document generation regarding ordinary course professionals
Comment: Download docket reports and load to data room. Add FTI member and Akin Gump to data room.
Comment: Follow up with Krause and Kelly re Reno bank account for distribution of funds.
Comment: JC Reeves Foreclosure document review and discussion.
Comment: Bankruptcy document review and discussion.
Comment: AABW property management document review and discussion.
Comment: Debt X document review and discussion.
Comment: review property tax detail update
Comment: -disposition schedule update
Comment: Email correspondence and communication-various properties
Comment: Property tax management-Updates on various
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 71 of 123
10/17/2011 Brennan, Mike 0.6
10/17/2011 Dakan, Farley 1
10/17/2011 Dakan, Farley 0.6
10/17/2011 Dakan, Farley 1.2
10/17/2011 Henderson, George 4.7
10/17/2011 Henderson, George 1.2
10/17/2011 Henderson, George 1.6
10/17/2011 Holley, Joshua 0.4
10/17/2011 Holley, Joshua 0.3
10/17/2011 Holley, Joshua 0.4
10/17/2011 Holley, Joshua 0.5
10/17/2011 Rakunas, Ronald 0.9
10/17/2011 Rakunas, Ronald 1.3
10/17/2011 Rakunas, Ronald 1.8
10/17/2011 Rakunas, Ronald 0.8
10/17/2011 Rakunas, Ronald 0.6
10/18/2011 Brennan, Mike 1.2
10/18/2011 Brennan, Mike 0.4
10/18/2011 Brennan, Mike 0.6
10/18/2011 Dakan, Farley 0.6
10/18/2011 Dakan, Farley 0.8
10/18/2011 Dakan, Farley 1
10/18/2011 Dakan, Farley 1.9
10/18/2011 Henderson, George 3.2
Comment: Property management support-Cottonwood Hills loan discussions
Comment: review testimony for hearing
Comment: review property tax detail for submission to committee and DIP lender
Comment: coordinate with colleagues on bank accounts, review payables
Comment: -MOR document preparation
Comment: -Bank account correspondence
Comment: -Docment generation for Ordinary course professionals
Comment: Correspondence and calls with Eve and JW re Siena fund distributions.
Comment: Download and review docket filings. Upload to data room.
Comment: Correspondence with MB and RR re viability of Quincy foreclosure.
Comment: Organize Data Room Index for Thursdays Exhibits.
Comment: Bankruptcy document review and discussion.
Comment: Quincy foreclosure document review and discussion.
Comment: Document review and discussion regarding insurance at various assets.
Comment: Lockenheath entitlement document review and discussion.
Comment: Debt X document review and discussion.
Comment: Email correspondence and communication-various properties
Comment: Property management-foreclosure planning Quincy
Comment: Property management support: LochenHeath offer
Comment: discuss potential transaction on moses point with colleagues.
Comment: discussion about debtx and land advisors agreements with colleagues
Comment: speak with potential purchaser of georgetown asset.
Comment: prepare and review testimony preparation items for upcoming hearing
Comment: -MOR document generation
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 72 of 123
10/18/2011 Henderson, George 1.1
10/18/2011 Henderson, George 3.5
10/18/2011 Holley, Joshua 0.9
10/18/2011 Holley, Joshua 0.3
10/18/2011 Holley, Joshua 0.2
10/18/2011 Rakunas, Ronald 0.9
10/18/2011 Rakunas, Ronald 0.7
10/18/2011 Rakunas, Ronald 0.6
10/19/2011 Brennan, Mike 0.6
10/19/2011 Brennan, Mike 0.5
10/19/2011 Dakan, Farley 0.9
10/19/2011 Henderson, George 4.4
10/19/2011 Henderson, George 3.1
10/19/2011 Henderson, George 1.1
10/19/2011 Holley, Joshua 0.9
10/19/2011 Holley, Joshua 0.2
10/19/2011 Rakunas, Ronald 1.4
10/19/2011 Rakunas, Ronald 1.1
10/19/2011 Rakunas, Ronald 0.4
10/19/2011 Rakunas, Ronald 0.6
10/20/2011 Brennan, Mike 0.8
10/20/2011 Brennan, Mike 0.7
10/20/2011 Brennan, Mike 0.2
10/20/2011 Dakan, Farley 0.5
Comment: -Docment generation for Ordinary course professionals
Comment: -SEC Subpeana document preparation
Comment: Provide model and background to model submitted to WFCF in July 2011 timeframe.
Comment: Provide signed order to Andy V re consummation of Forestar transaction.
Comment: Download docket filings and upload to data room.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Email correspondence and communication-various properties
Comment: Property management support-Wells Fargo reporting
Comment: call with SEC counsel
Comment: -MOR preparation
Comment: -SEC inquiry data gathering
Comment: -phone call and emails with counsel
Comment: Follow up w/Andy Vanbuskirk on TIRZ closing. Discuss strategy w/asset mangers re obtaining
$1.8mm in TIRZ.
Comment: Download docket filings and load to data room.
Comment: Bankruptcy document review and discussion.
Comment: 2718 foreclosure document review and discussion.
Comment: JC Reeves foreclosure document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Email correspondence and communication-various properties
Comment: Property foreclosure planning and execution-Rancho LF
Comment: Property Tax support-Altus discussions-various
Comment: review final revisions to pend orielle account balance
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 73 of 123
10/20/2011 Dakan, Farley 0.7
10/20/2011 Henderson, George 1.2
10/20/2011 Henderson, George 3.9
10/20/2011 Henderson, George 0.9
10/20/2011 Holley, Joshua 0.8
10/20/2011 Holley, Joshua 0.3
10/20/2011 Holley, Joshua 1.3
10/20/2011 Holley, Joshua 0.4
10/20/2011 Holley, Joshua 0.5
10/20/2011 Rakunas, Ronald 1.4
10/20/2011 Rakunas, Ronald 0.4
10/20/2011 Rakunas, Ronald 0.9
10/20/2011 Rakunas, Ronald 1.3
10/21/2011 Brennan, Mike 1
10/21/2011 Brennan, Mike 0.8
10/21/2011 Brennan, Mike 0.5
10/21/2011 Dakan, Farley 0.6
10/21/2011 Dakan, Farley 1
10/21/2011 Dakan, Farley 0.8
10/21/2011 Henderson, George 2.3
10/21/2011 Holley, Joshua 0.4
10/21/2011 Holley, Joshua 0.5
10/21/2011 Holley, Joshua 0.2
Comment: review revised budget for interim financing
Comment: -phone call and email with counsel
Comment: -Reviewed and submitted MOR's for september
Comment: -Correspondence with bank regarding Bravo Marshall proceeds
Comment: Follow up w/Andy, asset managers, WF local, title co, to verify receipt of $1.8mm on Bravo TIRZ.
Comment: Download and review Docket Filings. Upload to data room.
Comment: Follow up with Tami Barrows re ability to post appraisals to data room. Review appraisal release
letter from Tami Barrows. Drop release letter into all WF appraisals and individually load all appraisals into
data room. Notify FTI of available appraisals.
Comment: Review and organize asset & entity filing system.
Comment: Provide direction to Altus to support future MOR data re property tax developments.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Otay Ranch entitlement document review and discussion.
Comment: Email correspondence and communication-various properties
Comment: Property management-Tax appeals process work
Comment: Property support-Wells Fargo requests various
Comment: asset management status update with colleagues
Comment: review budget and variance report for draw period
Comment: discuss due diligence items with northlight counsel
Comment: -emails and phone call with counsel regarding ordinary couse professionals
Comment: Coordinate property visit to Pend Oreille.
Comment: Received updated appraisal release letter from Tami Barrows. Load release letter into new
appraisals and upload to data room.
Comment: Download and review docket filings - load into data room.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 74 of 123
10/21/2011 Rakunas, Ronald 1.1
10/21/2011 Rakunas, Ronald 0.9
10/23/2011 Henderson, George 0.4
10/24/2011 Brennan, Mike 0.6
10/24/2011 Brennan, Mike 0.4
10/24/2011 Brennan, Mike 0.5
10/24/2011 Dakan, Farley 0.3
10/24/2011 Dakan, Farley 0.5
10/24/2011 Dakan, Farley 0.9
10/24/2011 Dakan, Farley 0.3
10/24/2011 Dakan, Farley 0.3
10/24/2011 Dakan, Farley 0.8
10/24/2011 Henderson, George 2.4
10/24/2011 Henderson, George 2.7
10/24/2011 Henderson, George 1.9
10/24/2011 Holley, Joshua 0.2
10/24/2011 Holley, Joshua 0.2
10/24/2011 Holley, Joshua 0.3
10/24/2011 Rakunas, Ronald 1.1
10/24/2011 Rakunas, Ronald 0.6
10/24/2011 Rakunas, Ronald 0.9
10/24/2011 Rakunas, Ronald 1.2
10/24/2011 Weissenborn, Jim 0.9
10/25/2011 Brennan, Mike 0.8
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: -Correspondence regarding ordinary course professionals
Comment: Property Tax Management-Appeals process various assets
Comment: Property management-Lochenheath buyer discussions and correspondence
Comment: Property management-Pinnacle/Georgetown quit claim deeds
Comment: review amended property tax assessments
Comment: update call with counsel on las colinas transaction
Comment: prepare/review budget for third interim financing
Comment: address bank account process
Comment: address transfer of pecos creek proceeds
Comment: review accounting procedures
Comment: -Wells Fargo DIP Loan draw preparation and review
Comment: -correspondence regarding ordinary course professionals
Comment: -correspondence and data gathering regarding noteholder balances and the RE Loans website
Comment: Review Pecos Creek security invoices.
Comment: Corrections to data room access for DebtX (J Cantor)
Comment: Discussions with Mike B. re rancho las flores foreclosure and altus monthly reporting for MOR's.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Pecos Creek entitlement document review and update.
Comment: Discussion of Lafayette transition plan and issues with colleagues
Comment: Email Correspondence and follow up-various properties
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 75 of 123
10/25/2011 Brennan, Mike 0.8
10/25/2011 Brennan, Mike 0.6
10/25/2011 Dakan, Farley 0.3
10/25/2011 Dakan, Farley 1
10/25/2011 Dakan, Farley 0.3
10/25/2011 Dakan, Farley 0.3
10/25/2011 Dakan, Farley 1
10/25/2011 Dakan, Farley 0.4
10/25/2011 Dakan, Farley 0.5
10/25/2011 Henderson, George 3.9
10/25/2011 Henderson, George 1.4
10/25/2011 Henderson, George 0.7
10/25/2011 Henderson, George 0.9
10/25/2011 Holley, Joshua 0.4
10/25/2011 Holley, Joshua 0.3
10/25/2011 Holley, Joshua 0.3
10/25/2011 Rakunas, Ronald 1.3
10/25/2011 Rakunas, Ronald 1.1
10/25/2011 Rakunas, Ronald 0.4
10/25/2011 Weissenborn, Jim 0.3
10/26/2011 Brennan, Mike 0.6
10/26/2011 Brennan, Mike 0.7
10/26/2011 Dakan, Farley 0.5
10/26/2011 Dakan, Farley 0.4
Comment: Property management-foreclosure planning-Rancho Las Flores
Comment: Property Management-Santa Ysabel Ranch lot sale discussions-broker
Comment: faciliate noteholder mail-out
Comment: coordinate bravo marshall closing proceeds transfer
Comment: review noteholder letter
Comment: call with colleagues on ranch las flores foreclosure
Comment: review publication materials for RLF foreclosure
Comment: review updated BK budget
Comment: review variance report
Comment: -Document generation for Debt X
Comment: -Updated disposition report
Comment: -Revising noteholder communication letter
Comment: -Correspondence regarding noteholder communication
Comment: Provide data room access to Artemis team.
Comment: Download and review docket filings and upload to data room.
Comment: Review correspondence from FD and J Krause re Pecos Creek funds to be returned to WF.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Review of Department of Labor letter regarding Bar-K
Comment: Property Tax Management-Appeals Carlton Hotel w/County Assessor
Comment: Property management-tax updates and planning
Comment: review RE Reno invoices
Comment: address bank acount items
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 76 of 123
10/26/2011 Dakan, Farley 0.7
10/26/2011 Dakan, Farley 1
10/26/2011 Dakan, Farley 0.8
10/26/2011 Dakan, Farley 0.3
10/26/2011 Henderson, George 1.9
10/26/2011 Henderson, George 2.6
10/26/2011 Henderson, George 2.8
10/26/2011 Henderson, George 2
10/26/2011 Holley, Joshua 0.7
10/26/2011 Holley, Joshua 0.3
10/26/2011 Holley, Joshua 0.3
10/26/2011 Rakunas, Ronald 0.8
10/26/2011 Rakunas, Ronald 0.7
10/26/2011 Rakunas, Ronald 1.2
10/26/2011 Weissenborn, Jim 0.4
10/27/2011 Brennan, Mike 1.2
10/27/2011 Brennan, Mike 0.7
10/27/2011 Dakan, Farley 1
10/27/2011 Dakan, Farley 0.8
10/27/2011 Dakan, Farley 0.5
10/27/2011 Dakan, Farley 0.5
10/27/2011 Dakan, Farley 1
10/27/2011 Henderson, George 2.7
10/27/2011 Henderson, George 1.2
Comment: review budget updates
Comment: review draw modifications
Comment: asset management status update call
Comment: review lockbox proceeds
Comment: -Updated variance reports
Comment: -Correspondence regarding ordinary course professional
Comment: -updating budget
Comment: -finalization of draw request to Wells Fargo
Comment: Correspondence with asset magers re DebtX inquiries from Tami Barrows.
Comment: Review correspondence form Moses Point borrower (Tallman)
Comment: Review, download and upload docket filings to data room.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Discuss ordinary course professional issues with colleagues
Comment: Email Correspondence and follow up-various properties
Comment: Property management-Foreclosure file submissions various assets
Comment: review pipeline report
Comment: discuss budget items with WF
Comment: prepare/discuss process timeline
Comment: review complaint filed by RLF borrower
Comment: process changes to budget
Comment: -correspondence regarding bank accounts
Comment: -Updating and finalizing draw request
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 77 of 123
10/27/2011 Henderson, George 1.5
10/27/2011 Holley, Joshua 0.7
10/27/2011 Holley, Joshua 0.3
10/27/2011 Holley, Joshua 0.2
10/27/2011 Holley, Joshua 0.3
10/27/2011 Rakunas, Ronald 1.1
10/27/2011 Rakunas, Ronald 0.7
10/27/2011 Rakunas, Ronald 0.9
10/27/2011 Weissenborn, Jim 0.8
10/28/2011 Brennan, Mike 1.4
10/28/2011 Brennan, Mike 0.8
10/28/2011 Dakan, Farley 0.4
10/28/2011 Dakan, Farley 0.9
10/28/2011 Dakan, Farley 0.4
10/28/2011 Henderson, George 3.4
10/28/2011 Henderson, George 0.5
10/28/2011 Holley, Joshua 0.1
10/28/2011 Holley, Joshua 0.9
10/28/2011 Holley, Joshua 0.5
10/28/2011 Rakunas, Ronald 1.3
10/28/2011 Rakunas, Ronald 1.1
10/28/2011 Rakunas, Ronald 0.7
10/28/2011 Weissenborn, Jim 0.3
10/30/2011 Holley, Joshua 0.2
Comment: -Correspondence regarding ordinary course professionals
Comment: Review draw request to be submitted to WF.
Comment: Review, download and upload docket filings to data room.
Comment: Provide data room access to additional Akin Gump individuals.
Comment: Review invoices from Desco Development re Pecos Creek and Vantage Lofts.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Discuss operating expenses and asset activity with colleagues
Comment: Email Correspondence and follow up-various properties
Comment: Property management-Lochenheath HOA water system issues
Comment: review class action response email
Comment: review modifications to publication of RLF foreclosure
Comment: review noteholder letter
Comment: -correspondence regarding ordinary course professionals
Comment: -correspondence regarding bank accounts
Comment: Execute Georgetown quit claim deeds.
Comment: Correspondence with Tami Barrows and Marc Hines re Rancho trust account. Review
correspondence with Jeff Krause and Marc Hines re Rancho Las Flores legal status.
Comment: Review draw and individual checks prior to mailing out.
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Comment: Review Lafayette workload analysis
Comment: Review and respond to corporate counsel email.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 78 of 123
10/31/2011 Brennan, Mike 0.4
10/31/2011 Brennan, Mike 0.7
10/31/2011 Brennan, Mike 1
10/31/2011 Dakan, Farley 0.5
10/31/2011 Dakan, Farley 0.7
10/31/2011 Dakan, Farley 0.3
10/31/2011 Dakan, Farley 0.7
10/31/2011 Henderson, George 1.1
10/31/2011 Holley, Joshua 1.7
10/31/2011 Holley, Joshua 0.4
10/31/2011 Holley, Joshua 0.3
10/31/2011 Rakunas, Ronald 0.8
10/31/2011 Rakunas, Ronald 1.6
10/31/2011 Rakunas, Ronald 0.6
284.7
Date Employee Hours
10/3/2011 Brennan, Mike 0.4
10/3/2011 Dakan, Farley 0.6
10/3/2011 Dakan, Farley 0.5
10/3/2011 Dakan, Farley 0.3
10/3/2011 Dakan, Farley 0.3
10/3/2011 Weissenborn, Jim 0.4
10/4/2011 Dakan, Farley 1
10/4/2011 Dakan, Farley 0.7
Comment: Email communication and correspondecne supporing various properties
Comment: Property management-Santa Ysable Ranch offers and communciation with broker
Comment: Property tax management: Tax appeal spreadhseet updates
Comment: asset status update
Comment: generate budget updates
Comment: review open payables
Comment: amend debtx agreement
Comment: -correspondence regarding ordinary course professionals
Comment: Conference call with asset managers and corp counsel regarding Pend Oreille foreclosure and JC
Reeves threatened litigation. Following call, provide diligence materials on Reeves & Pend Oreille.
Comment: Correspondence with Tom Reimers and Greg Jones re status of consent from local brokers.
Comment: Review and upload Docket filings to ShareVault
Comment: Bankruptcy document review and discussion.
Comment: Land Advisors document review and discussion.
Comment: Debt X document review and discussion.
Sub Total:
Activity: Case Administration
Comment: Vendor calls on case and process-various
Comment: Call with counsel on motions/pleadings
Comment: Call with committee professionals on budget and financial model
Comment: Call with colleagues on updates to asset expense detail
Comment: Review property tax detail
Comment: Discussion of Oakland US Trustee inquiries
Comment: status call with colleagues
Comment: review committee request for information from AG
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 79 of 123
10/5/2011 Brennan, Mike 0.6
10/5/2011 Dakan, Farley 0.6
10/5/2011 Dakan, Farley 0.8
10/5/2011 Dakan, Farley 0.8
10/5/2011 Dakan, Farley 1.1
10/6/2011 Brennan, Mike 0.9
10/6/2011 Dakan, Farley 0.8
10/6/2011 Weissenborn, Jim 0.8
10/6/2011 Weissenborn, Jim 0.3
10/7/2011 Dakan, Farley 0.3
10/7/2011 Dakan, Farley 0.8
10/7/2011 Dakan, Farley 0.7
10/7/2011 Weissenborn, Jim 1
10/9/2011 Dakan, Farley 0.5
10/10/2011 Brennan, Mike 1.2
10/10/2011 Dakan, Farley 1
10/10/2011 Dakan, Farley 0.9
10/10/2011 Weissenborn, Jim 0.3
10/10/2011 Weissenborn, Jim 0.4
10/11/2011 Brennan, Mike 0.8
10/12/2011 Brennan, Mike 1.8
10/12/2011 Dakan, Farley 0.8
10/12/2011 Dakan, Farley 0.8
10/12/2011 Weissenborn, Jim 0.8
Comment: Bankruptcy reporting month end-taxes
Comment: review statements and schedules with colleagues
Comment: review data delivery standards document
Comment: read counsel memo to Oakland UST
Comment: call with counsel on hearing prep
Comment: Bakruptcy reporting and updates-taxes, insurance
Comment: Attend hearing in Dallas
Comment: Review of letter to US Trustee regarding venue issues and discuss with colleagues
Comment: Review of non-disclosure agreement and discuss issues with colleagues
Comment: review UST monthly operating report requirements
Comment: review applications to employ professionals
Comment: review statement of financial affairs checklist
Comment: Review of September reporting package
Comment: discuss final statement of financial affairs submission
Comment: Bankruptcy reporting Schedule E-Tax items
Comment: review of MF08 filings
Comment: review of plan draft
Comment: Review of recent court filings
Comment: Review of California privacy standards and discuss with colleagues
Comment: Bankruptcy reporting Schedule E-Altus discussions and development
Comment: Trustee Interviews-Insurance updates
Comment: respond to requests for due diligence items from FTI
Comment: discuss and review response to UST follow up questions
Comment: Review RE Future statement and schedules
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 80 of 123
10/12/2011 Weissenborn, Jim 0.2
10/13/2011 Brennan, Mike 0.3
10/13/2011 Dakan, Farley 0.3
10/13/2011 Dakan, Farley 0.7
10/13/2011 Weissenborn, Jim 0.5
10/13/2011 Weissenborn, Jim 0.4
10/13/2011 Weissenborn, Jim 1.1
10/13/2011 Weissenborn, Jim 0.3
10/14/2011 Dakan, Farley 0.7
10/14/2011 Dakan, Farley 0.5
10/14/2011 Weissenborn, Jim 0.2
10/14/2011 Weissenborn, Jim 0.3
10/15/2011 Weissenborn, Jim 1
10/15/2011 Weissenborn, Jim 0.7
10/17/2011 Dakan, Farley 1.2
10/17/2011 Weissenborn, Jim 2
10/18/2011 Brennan, Mike 1.4
10/18/2011 Weissenborn, Jim 2.6
10/18/2011 Weissenborn, Jim 1.3
10/19/2011 Brennan, Mike 0.8
10/19/2011 Dakan, Farley 2
10/19/2011 Weissenborn, Jim 3.1
10/19/2011 Weissenborn, Jim 1.3
10/20/2011 Brennan, Mike 0.7
Comment: Discuss noteholder questions/response with colleagues
Comment: Team discussions-additional process
Comment: review DIP objections
Comment: update call with SEC counsel
Comment: Review noteholder questions/responses
Comment: Discuss statement and schedule questions with staff
Comment: Review RE Loans statements and schedules
Comment: Discuss RE Reno distribution issues with colleagues
Comment: Review and respond to asset DIP order
Comment: review fee application list of professionals
Comment: Review of case filings
Comment: Discuss Committee confidentiality issues with colleagues
Comment: Status call with colleagues and preparation
Comment: Administration
Comment: review testimony notes and declaration draft
Comment: Preparation for testimony for 10/20 hearing
Comment: Bankruptcy reporting-MOR Insurance
Comment: Testimony preparation for 10/20 hearing
Comment: 341a hearing preparation
Comment: Bankruptcy reporting-Tax updates-MOR
Comment: prepare, review, comment on monthly operating reports
Comment: 10/20 hearing testimony preparation
Comment: 341a hearing preparation
Comment: RE Team discussions; Various BK related on process
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 81 of 123
10/20/2011 Dakan, Farley 3
10/20/2011 Dakan, Farley 1
10/20/2011 Dakan, Farley 0.2
10/20/2011 Holley, Joshua 0.5
10/20/2011 Weissenborn, Jim 1
10/20/2011 Weissenborn, Jim 1.4
10/20/2011 Weissenborn, Jim 2.5
10/20/2011 Weissenborn, Jim 1.1
10/20/2011 Weissenborn, Jim 1.7
10/22/2011 Dakan, Farley 0.6
10/24/2011 Brennan, Mike 0.3
10/24/2011 Dakan, Farley 0.5
10/24/2011 Dakan, Farley 0.7
10/24/2011 Dakan, Farley 0.8
10/24/2011 Dakan, Farley 0.5
10/24/2011 Dakan, Farley 0.3
10/24/2011 Weissenborn, Jim 0.3
10/24/2011 Weissenborn, Jim 0.2
10/25/2011 Weissenborn, Jim 0.2
10/25/2011 Weissenborn, Jim 0.2
10/26/2011 Brennan, Mike 0.6
10/26/2011 Weissenborn, Jim 0.5
10/27/2011 Brennan, Mike 0.5
10/27/2011 Dakan, Farley 1
Comment: omnibus hearing and 341A hearing
Comment: review initial trustee interview exhibits
Comment: sign off on final MOR to trustee
Comment: Support organization of monthly reporting due to courts.
Comment: Discussion of various October hearing issues
Comment: Preparation for hearing
Comment: 10/20 hearing participation
Comment: 341a hearing preparation
Comment: 341a hearing and follow-up
Comment: review revised debtx application for employment
Comment: Tax schedule development-MOR schedules
Comment: review ordinary course applications for employment
Comment: review schedule of vendors/professionals ordinary course
Comment: review third interim financing order
Comment: review FBI letter
Comment: discuss process for providing investor statements
Comment: Review of filings
Comment: Review and discuss FBI victim's letter
Comment: Review of database security letter to noteholders
Comment: Review of Brier letter
Comment: Tax schedule development-MOR schedules Altus follow up
Comment: Administration
Comment: Vendor disclosure affidavits support
Comment: review pleadings
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 82 of 123
10/27/2011 Weissenborn, Jim 0.3
10/28/2011 Dakan, Farley 0.6
10/28/2011 Dakan, Farley 0.6
10/28/2011 Dakan, Farley 0.7
10/28/2011 Weissenborn, Jim 0.4
10/31/2011 Dakan, Farley 1
10/31/2011 Dakan, Farley 1.1
10/31/2011 Weissenborn, Jim 0.8
10/31/2011 Weissenborn, Jim 0.5
10/31/2011 Weissenborn, Jim 0.3
72.5
Date Employee Hours
10/17/2011 Weissenborn, Jim 1.2
10/17/2011 Weissenborn, Jim 0.8
10/25/2011 Weissenborn, Jim 0.3
10/27/2011 Weissenborn, Jim 0.3
2.6
Date Employee Hours
10/3/2011 Holley, Joshua 0.3
10/6/2011 Holley, Joshua 2.5
10/10/2011 Henderson, George 2
10/10/2011 Holley, Joshua 2.1
10/11/2011 Henderson, George 1.3
10/11/2011 Holley, Joshua 0.8
10/12/2011 Henderson, George 0.7
Comment: Review case filings
Comment: prepare reports to creditor committee
Comment: call with counsel regarding DIP terms
Comment: budget review with counsel
Comment: Review proposed Greeberg Traugh correspondence and discuss with colleagues
Comment: review motions for submission to court
Comment: call with counsel regarding modification to employment apps for debtx and land advisors
Comment: Discuss various information request issues with colleagues
Comment: Administration
Comment: Discuss Greenberg Traugh/Committee information request with colleagues
Sub Total:
Activity: Cash Management
Comment: Review of actual and projection dispositions and discuss with colleagues
Comment: Review of updated bankruptcy budget, projected draws and actuals and dsicussion with
colleagues
Comment: Discussion of Peros Creek cash collateral issues
Comment: Review draw request
Sub Total:
Activity: Data Analysis
Comment: Receive, review and print asset level invoices.
Comment: Variance Report for WFCF reporting package.
Comment: *Prepared draw request
Comment: Update loan strats,12 month bk budget, and model summary for creditors meeting on 10/11.
Print and organize materials for meeting.
Comment: budget variance anaylsis updating
Comment: Update financial model and provide to Tami.
Comment: -Update Budget Variance report
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 83 of 123
10/12/2011 Holley, Joshua 1.8
10/13/2011 Holley, Joshua 0.9
10/13/2011 Holley, Joshua 1.1
10/14/2011 Holley, Joshua 1.8
10/14/2011 Holley, Joshua 0.2
10/16/2011 Holley, Joshua 2.5
10/17/2011 Holley, Joshua 2.3
10/17/2011 Holley, Joshua 0.5
10/17/2011 Holley, Joshua 1
10/18/2011 Holley, Joshua 1
10/18/2011 Holley, Joshua 0.3
10/19/2011 Holley, Joshua 1.7
10/20/2011 Holley, Joshua 2
10/20/2011 Holley, Joshua 1
10/21/2011 Holley, Joshua 0.5
10/25/2011 Holley, Joshua 0.2
10/26/2011 Holley, Joshua 0.9
10/26/2011 Holley, Joshua 1.8
10/27/2011 Holley, Joshua 0.5
10/28/2011 Holley, Joshua 1
Comment: Respond to diligence request from Hayman. Access to data room to FTI.
Comment: Provide update to counsel on Pend Oreille foreclosure by Pacific.
Comment: Detailed review of variance report with FTI.
Comment: BK Diligence: Follow up internally and with counsel re utility escrow account per court order.
Review fee app for professionals chart. Discuss and review internally.
Comment: cost/benefit discussion re Quincy foreclosure
Comment: Financial model update focused on property taxes in preparation for Northlight call. Provide
updated data to FD.
Comment: Update Northlight strats for specific assets. Update model and dashboard strat and distribute to
Jim/Jeff/Farley for Thursday hearing preparation.
Comment: Correspondence with Kathleey and GH re fees charged by WFCF. Review terms of DIP to verify fee
schedule.
Comment: Analytic review of viability of cash collateral motion - how long will cash support operations w/o
DIP.
Comment: Review MOR's and respond to Kathleen's inquiries on each entity.
Comment: Review Pend Oreille delinquent interest calculation and provide information to Dishnica.
Comment: Review MOR's. (Cap Sal, REL, REF) and provide missing data to Kathleen.
Comment: Update weekly variance report with disposition assumptions and expense assumptions to build
out 13 wk rolling CF.
Comment: Finalize MOR's and convert into print format.
Comment: Review 52 week budget finalized by George H.
Comment: Update call with Farley and George re BK budget and Northlight Commitment fee (update bk
budget file).
Comment: BK budget review and update.
Comment: Upload payment history data for all notes and populate DebtX data tape for every loan.
Comment: 12 month BK budget amendments and review - follow up with GH re formatting into weekly
budget.
Comment: BK budget review w/internal team - update 12 month budget and correlate to weekly variance
report.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 84 of 123
10/31/2011 Holley, Joshua 1.4
34.1
Date Employee Hours
10/3/2011 Brennan, Mike 0.5
10/7/2011 Brennan, Mike 0.7
10/9/2011 Holley, Joshua 2.2
10/10/2011 Holley, Joshua 5.2
10/11/2011 Holley, Joshua 4.3
10/12/2011 Brennan, Mike 1.1
10/12/2011 Holley, Joshua 4.7
10/13/2011 Holley, Joshua 2.8
10/17/2011 Brennan, Mike 0.4
10/17/2011 Dakan, Farley 0.7
10/17/2011 Dakan, Farley 1.5
10/18/2011 Dakan, Farley 1.5
10/19/2011 Dakan, Farley 0.5
10/20/2011 Brennan, Mike 1
27.1
Date Employee Hours
10/2/2011 Holley, Joshua 0.9
10/2/2011 Holley, Joshua 0.6
10/3/2011 Holley, Joshua 1.8
10/4/2011 Holley, Joshua 1.9
Comment: Review amended release price schedule from WFCF and create variance chart against previous
release price schedule. Review variance report with FTI / Alfonso. Variance report discussion and review with
George H.Sub Total:
Activity: Document Generation
Comment: Property marketing support-interested party Lochenheath
Comment: Property tax appeal notifications and summary on various assets
Comment: Draft statements and schedules and request information from asset managers.
Comment: Draft statements and schedules
Comment: Statements and Schedules. Schedule E review. SOFA Review.
Comment: Property management: Weyrich/Santa Ysabel lot sale pricing matrix development for BK
approval.
Comment: Statements and Schedules. Correspondence with Greg Jones and back office accounting.
Comment: Statements and schedules and correspondence with counsel.
Comment: Property tax managment: Appeal update calls
Comment: email counsel modified property tax detail
Comment: prepare exhibits for testimony and declaration
Comment: production of documents for SEC investigation and call with counsel regarding same
Comment: produce documents for 341A hearing
Comment: Property foreclosure summary files-all
Sub Total:
Activity: Due Diligence
Comment: Review Vantage Lofts Motion to approve settlement in Vantage BK case. Feedback to J Krause
and F Dakan.
Comment: Review JC Reeves PSA and provide feedback to Corliss and Rakunas.
Comment: Vantage Lofts legal description diligence to support motion prepared by Jeff Krause. (verify legal
descriptions and parcel numbers with county website)
Comment: Multiple calls and emails and DD with Counsel and team re Vantage Lofts strategy for settlement
agreement and history of asset.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 85 of 123
10/5/2011 Holley, Joshua 1
10/5/2011 Holley, Joshua 1.6
10/5/2011 Holley, Joshua 0.8
10/5/2011 Holley, Joshua 0.4
10/6/2011 Holley, Joshua 0.8
10/6/2011 Holley, Joshua 0.5
10/7/2011 Holley, Joshua 0.9
10/7/2011 Holley, Joshua 1.5
10/7/2011 Holley, Joshua 0.5
10/10/2011 Holley, Joshua 1.2
10/11/2011 Holley, Joshua 1.7
10/11/2011 Holley, Joshua 0.5
10/11/2011 Holley, Joshua 0.6
10/11/2011 Holley, Joshua 0.3
10/11/2011 Holley, Joshua 0.3
10/12/2011 Holley, Joshua 1
10/13/2011 Holley, Joshua 0.5
10/13/2011 Holley, Joshua 0.3
10/13/2011 Holley, Joshua 0.6
10/13/2011 Holley, Joshua 0.6
10/13/2011 Holley, Joshua 0.2
10/13/2011 Holley, Joshua 0.5
Comment: Review Corliss markup of Land Advisers agreement and DebtX agreement and respond
w/comments.
Comment: Review vantage email from Krause and review valuation on 3 acres. Draft email response on
secured vs general unsecured claims. Respond to Krause' email re deficiency claim on Vantage Lofts.
Comment: Provide documents to Farley re. fortress valuation, entity org chart, detail on historic draws from
WF and use of draws.
Comment: Multiple calls with re SEC subpoena and information request from creditors committee.
Comment: Review statements and schedules.
Comment: Respond to information request from Hayman Woods.
Comment: Review, discuss and update organizational chart and documents for 10/11 creditors meeting.
Comment: Call with Hayman to walk through financial model in detail.
Comment: Call with Louis Rothemel (Prescott) to discuss individual assets.
Comment: Gather and organize NDA's for Jeff Krause in preparation for creditors meeting.
Comment: Provide diligence information to Hayman Woods Respond to FTI inquiries.
Comment: Provide diligence materials to Brinkman re. Las Colinas.
Comment: Review final DebtX proposal and provide to Greg Jones and Farley Dakan.
Comment: Emails w/Richard Stacey to support SOFA litigation questions.
Comment: Provide diligence materials to party expressing interest in "Notes". (Ziegler)
Comment: Print and review schedules and statements with managers.
Comment: Review DIP term sheet from Northlight.
Comment: Review objection to DIP financing filed by noteholder comittee.
Comment: Email update to Tami re Pecos Creek permits and settlement.
Comment: Provide contracts on LakeView and Ysabel to Krause to request for approval. Included inventory of
assets.
Comment: Correspondence with FTI re recent transactions.
Comment: Research and provide additional backup to counsel and asset mangers re Pacific Cap foreclosure
on Pend Oreille
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 86 of 123
10/14/2011 Holley, Joshua 0.8
10/14/2011 Holley, Joshua 1.2
10/14/2011 Holley, Joshua 0.5
10/14/2011 Holley, Joshua 1
10/14/2011 Holley, Joshua 1.3
10/14/2011 Holley, Joshua 0.4
10/17/2011 Holley, Joshua 1.2
10/17/2011 Holley, Joshua 0.5
10/18/2011 Holley, Joshua 1.1
10/18/2011 Holley, Joshua 0.5
10/18/2011 Holley, Joshua 0.9
10/18/2011 Holley, Joshua 0.5
10/19/2011 Holley, Joshua 1.5
10/19/2011 Holley, Joshua 1.7
10/19/2011 Holley, Joshua 0.4
10/20/2011 Holley, Joshua 0.3
10/24/2011 Holley, Joshua 0.5
10/24/2011 Holley, Joshua 1.5
10/25/2011 Holley, Joshua 2.5
10/26/2011 Holley, Joshua 2
10/26/2011 Holley, Joshua 0.8
Comment: Review Docket Filings.
Comment: Finalize email to Tami re. Pecos Creek update.
Comment: Respond to Milazzo inquiry re status of unsecured creditors.
Comment: Respond to diligence emails from FTI.
Comment: Review new appraisals on Georgetown and Aquatera
Comment: Provide counsel with information and support on motion to sell units at Ysabel, LakeView.
Comment: Correspondence and review of property information on Canyon Club for insurance purposes.
Verify tax parcels and acreage. Review DIP filing by Vantage BK attorney and verification of legal description
associated with "9.5 acre" parcel.
Comment: Response to Greg Jones re Creditors Committee inquiry into professionals to be retained: Altus,
Kathleen, Andrews Meyers, Pend Oreille counsel.
Comment: Review mortgage receivable files and organize to zip file to be sent to SEC attorney.
Comment: Provide exhibits to Krause for JW's hearing on 10/20.
Comment: Provide bank account (current and closed) information to FD for SEC investigation.
Comment: Conversation with local counsel re status of Pend Oreille litigation. Provide feedback to Greg
Jones to include in response to applications to employ ordinary course professionals.
Comment: Research on recovery of data from hardrive to access REL emails (SEC request).
Comment: Provide backup to JK diligence questions in preparation for 341a hearing 10/20.
Comment: Review Corliss comments on Pend Oreille
Comment: Review quote from first american re liens and judgment search for northlight assets.
Comment: Review email from Eve Karasik re Reno BK case status and subsequent conversation re
distribution of funds and timing of such.
Comment: Provide support to Amy Bellman in office to support diligence by Baker & Hostetler, counsel for
northlight.
Comment: Provide support to Amy Bellman in office to support diligence by Baker & Hostetler, counsel for
Northlight. Provide additional support to Jerry Best of Artemis in office.
Comment: Provide support to Amy Bellman in office to support diligence by Baker & Hostetler, counsel for
Northlight. Provide additional support to Jerry Best of Artemis in office.
Comment: Multiple conversations with corporate counsel re title policy assurance for Northlight and Artemis.
Additional calls with asset managers and corporate counsel re title policy assurance and prep for Northlight
call.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 87 of 123
10/26/2011 Holley, Joshua 0.4
10/27/2011 Holley, Joshua 0.6
10/27/2011 Holley, Joshua 0.2
10/31/2011 Holley, Joshua 0.5
10/31/2011 Holley, Joshua 2
46.3
Date Employee Hours
10/6/2011 Weissenborn, Jim 0.6
10/7/2011 Weissenborn, Jim 0.4
10/12/2011 Weissenborn, Jim 0.3
10/14/2011 Weissenborn, Jim 0.5
10/17/2011 Dakan, Farley 0.3
10/18/2011 Dakan, Farley 0.4
10/19/2011 Weissenborn, Jim 1
10/21/2011 Weissenborn, Jim 0.3
3.8
Date Employee Hours
10/17/2011 Dakan, Farley 0.4
10/18/2011 Dakan, Farley 0.3
10/20/2011 Dakan, Farley 1.5
2.2
Date Employee Hours
10/3/2011 Dakan, Farley 0.8
10/3/2011 Dakan, Farley 0.4
10/3/2011 Rakunas, Ronald 0.5
Comment: Respond to document / diligence request from asset magers for Northlight (pipeline, LAO and DX
contracts, and 12 month bk budget)
Comment: Load borrower detail into data room to support DebtX diligence.
Comment: Upload new appraisal approval letter for Georgetown and Aquatera and load into data room.
Comment: Correspondence with counsel re. REO properties and Motion to Sell Property application being
prepared.
Comment: Review GT files to support Stutman diligence efforts.
Sub Total:
Activity: Fee / Employment Applications
Comment: Review proposed amendment to interim fee application motion and discuss with colleagues
Comment: Review and discuss various employment applications
Comment: Review of various professionals invoices
Comment: Review response to Committee regarding retention issues
Comment: produce past invoice detail
Comment: production of staffing plan and professional fee budget
Comment: Review of expedited due diligence fee motion and discussion with colleagues
Comment: Review of application to employ Debt X
Sub Total:
Activity: Fee / Employment Objections
Comment: discuss employment with committee professionals,
Comment: discussion of fee breakdown with FTI
Comment: review, prepare billings and fee application
Sub Total:
Activity: Financing
Comment: review projections and term sheet on exit proposals
Comment: provide model to potential exit financing party
Comment: Discussions with colleagues regarding recapitalization.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 88 of 123
10/3/2011 Rakunas, Ronald 0.6
10/4/2011 Dakan, Farley 0.9
10/4/2011 Dakan, Farley 0.8
10/4/2011 Dakan, Farley 0.8
10/4/2011 Dakan, Farley 0.6
10/4/2011 Dakan, Farley 0.3
10/4/2011 Rakunas, Ronald 0.7
10/4/2011 Rakunas, Ronald 0.6
10/5/2011 Dakan, Farley 0.4
10/6/2011 Dakan, Farley 1.2
10/7/2011 Dakan, Farley 0.7
10/7/2011 Rakunas, Ronald 1.6
10/7/2011 Weissenborn, Jim 0.3
10/7/2011 Weissenborn, Jim 0.6
10/7/2011 Weissenborn, Jim 0.4
10/7/2011 Weissenborn, Jim 0.5
10/10/2011 Dakan, Farley 0.7
10/10/2011 Dakan, Farley 0.4
10/10/2011 Dakan, Farley 0.3
10/10/2011 Rakunas, Ronald 0.9
10/11/2011 Rakunas, Ronald 0.9
10/12/2011 Dakan, Farley 0.6
10/12/2011 Dakan, Farley 0.5
10/12/2011 Rakunas, Ronald 1.1
Comment: Discussion with potential recapitalization sources.
Comment: Conf Call with Hayman Woods on Exit
Comment: conf call with fortress to update financing status
Comment: call with wells fargo to discuss broker agreements
Comment: review CA modifications from Northlight
Comment: call with Northlight
Comment: Document review and discussion regarding recapitalization.
Comment: Document review and discussions regarding recapitalization.
Comment: call with northlight regarding CA modifications
Comment: discussion with northlight regarding DIP loan
Comment: call with potential recap investor
Comment: Recapitalization document review and discussions.
Comment: Discuss various DIP budget issues with colleagues
Comment: Call with Z Cap regarding potential DIP and exit financing
Comment: Review of MHR termsheet
Comment: Review of Northlight/Specialty Trust documents
Comment: produce NDAs from potential lenders/investors
Comment: conf call with northlight on DIP terms
Comment: produce past memos for recap
Comment: Document review and discussions regarding recapitalization.
Comment: Recapitalization discussion.
Comment: respond to due diligence questions from potential recap partner
Comment: review DIP term sheet
Comment: Recapitalization document review and discussion.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 89 of 123
10/12/2011 Weissenborn, Jim 1
10/12/2011 Weissenborn, Jim 1.1
10/13/2011 Rakunas, Ronald 0.4
10/13/2011 Weissenborn, Jim 0.9
10/14/2011 Dakan, Farley 0.7
10/14/2011 Dakan, Farley 0.5
10/14/2011 Dakan, Farley 0.3
10/14/2011 Rakunas, Ronald 0.8
10/14/2011 Weissenborn, Jim 0.3
10/14/2011 Weissenborn, Jim 0.9
10/14/2011 Weissenborn, Jim 0.3
10/14/2011 Weissenborn, Jim 1
10/15/2011 Dakan, Farley 1.3
10/15/2011 Dakan, Farley 0.8
10/15/2011 Dakan, Farley 0.6
10/15/2011 Weissenborn, Jim 0.5
10/16/2011 Dakan, Farley 1
10/16/2011 Dakan, Farley 0.7
10/16/2011 Dakan, Farley 0.6
10/16/2011 Weissenborn, Jim 0.5
10/16/2011 Weissenborn, Jim 1
10/16/2011 Weissenborn, Jim 0.5
10/16/2011 Weissenborn, Jim 1.2
10/16/2011 Weissenborn, Jim 0.7
Comment: Review Northlight termsheet and discuss with colleagues
Comment: Review DIP financing objections
Comment: Recapitalization document review and discussion.
Comment: Review Capital Salvage statements and schedules
Comment: review Northlight DIP proposal
Comment: call with colleagues on DIP term sheet
Comment: call with committee
Comment: Recapitalization document review and discussion.
Comment: Review of Vantage Lofts DIP order
Comment: Prepare analysis of Northlight termsheet
Comment: Review revised Northlight termsheet
Comment: Call with colleagues regarding Northlight termsheet and hearing preparation
Comment: Discuss Northlight term sheet with Jeff Krause and Jim Weissenborn
Comment: review WF terms and Northlight terms
Comment: provide budget to colleagues
Comment: Review of draft response to DIP financing objection
Comment: call with counsel and colleagues on DIP
Comment: call with committee on DIP terms
Comment: review DIP term sheet
Comment: Preparation for call regarding Northlight and DIP financing
Comment: Call with Northlight and colleagues regarding termsheet
Comment: Review of testimony parameters
Comment: Review of draft reply to objections to motion for DIP financing
Comment: Call with colleagues regarding comments to "reply" draft
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 90 of 123
10/16/2011 Weissenborn, Jim 0.6
10/16/2011 Weissenborn, Jim 0.5
10/16/2011 Weissenborn, Jim 0.3
10/17/2011 Dakan, Farley 1.2
10/17/2011 Dakan, Farley 0.8
10/17/2011 Rakunas, Ronald 0.4
10/17/2011 Weissenborn, Jim 0.3
10/17/2011 Weissenborn, Jim 0.3
10/17/2011 Weissenborn, Jim 0.8
10/17/2011 Weissenborn, Jim 2
10/18/2011 Dakan, Farley 0.8
10/18/2011 Dakan, Farley 0.7
10/18/2011 Dakan, Farley 0.2
10/18/2011 Dakan, Farley 0.3
10/18/2011 Dakan, Farley 0.5
10/18/2011 Holley, Joshua 0.6
10/18/2011 Holley, Joshua 1.6
10/18/2011 Rakunas, Ronald 1.2
10/18/2011 Weissenborn, Jim 1.3
10/18/2011 Weissenborn, Jim 0.5
10/18/2011 Weissenborn, Jim 1.2
10/19/2011 Dakan, Farley 1
10/19/2011 Dakan, Farley 0.6
10/19/2011 Dakan, Farley 0.6
Comment: Call with colleagues regarding Northlight due diligence requests
Comment: Review of exhibit list regarding "reply" motion
Comment: Review of Master Tax detail file (Northlight due diligence)
Comment: call with counsel and colleagues prep for committee conf call
Comment: committee and advisor conf call regarding DIP
Comment: Recapitalization document review and discussion.
Comment: Call with colleagues regarding comments to Exhibits
Comment: Review of Exhibits regarding draft "reply"
Comment: Call with colleagues regarding Northlight due diligence items
Comment: Review of draft reply motion and discuss comments with colleagues
Comment: conf call with JDI regarding potential DIP loan
Comment: multiple calls with representatives of Prescott Realty on potential DIP financing proposal
Comment: email to Northlight All American offers
Comment: discussion with FTI regarding DIP collateral pool and title/lien issues
Comment: review of modified terms on DIP proposal
Comment: Draft proposed DIP structure to Kelly Jones.
Comment: Gather loan security docs and title policies for 9 assets to be reviewed by Northlight. Request for
updated policy information from First American - Erin.
Comment: Recapitalization document review and discussion.
Comment: Call with colleagues regarding additional (2) DIP financing proposals and issues
Comment: Call with colleagues regarding various Northlight due diligence issues
Comment: Call with colleagues regarding DIP financing motion and Northlight termsheet issues
Comment: meeting with potential exit facility provider
Comment: discuss final DIP terms
Comment: review exit facility proposal from prescott and conf call with representative of same
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 91 of 123
10/19/2011 Rakunas, Ronald 0.9
10/19/2011 Weissenborn, Jim 1.1
10/19/2011 Weissenborn, Jim 0.2
10/20/2011 Dakan, Farley 0.8
10/20/2011 Weissenborn, Jim 0.2
10/20/2011 Weissenborn, Jim 0.6
10/21/2011 Dakan, Farley 1
10/21/2011 Dakan, Farley 0.8
10/21/2011 Dakan, Farley 1.1
10/21/2011 Rakunas, Ronald 0.7
10/21/2011 Weissenborn, Jim 0.4
10/21/2011 Weissenborn, Jim 0.4
10/21/2011 Weissenborn, Jim 0.5
10/21/2011 Weissenborn, Jim 0.7
10/22/2011 Dakan, Farley 0.9
10/22/2011 Weissenborn, Jim 0.2
10/22/2011 Weissenborn, Jim 0.5
10/23/2011 Weissenborn, Jim 0.4
10/24/2011 Dakan, Farley 0.7
10/24/2011 Rakunas, Ronald 1.2
10/24/2011 Weissenborn, Jim 1.6
10/24/2011 Weissenborn, Jim 0.5
10/24/2011 Weissenborn, Jim 0.2
10/24/2011 Weissenborn, Jim 0.3
Comment: Recapitalization document review and discussion.
Comment: Review of Northlight termsheet and discussion with colleagues
Comment: Review of Prescott/Pimco DIP financing proposal
Comment: discussion with counsel colleagues regarding DIP terms
Comment: Discussion with WF issues and timing regarding DIP financing negotiations
Comment: Discussion with colleagues regarding hearing follow-up and issues
Comment: coordinate due diligence process and information with Northlight's counsel
Comment: confirm title work pricing for updated liens and judgment searches
Comment: review due diligence item request and information
Comment: Recapitalization document review and discussion.
Comment: Review of and discussion with colleagues regarding updated DIP budget
Comment: Review of and discussion with colleagues regarding DIP financing termsheets
Comment: Discussion of various Northlight due diligence issues with colleagues
Comment: Discussion regarding DIP financing renegotiation parameters with colleagues
Comment: review revisions to northlight term sheet
Comment: Review of revised Northlight termsheet
Comment: Call with colleagues regarding Northlight termsheet issues
Comment: Review of Northlight commitment letter
Comment: discuss DIP term sheet items with counsel
Comment: Recapitalization document review and discussion.
Comment: Call with colleagues and Committee advisors regarding DIP financing
Comment: Call with colleagues regarding call follow-up
Comment: Discussion with colleagues regarding Northlight due diligence fee issues
Comment: Review of Third Interim Financing order
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 92 of 123
10/24/2011 Weissenborn, Jim 0.3
10/24/2011 Weissenborn, Jim 0.4
10/25/2011 Dakan, Farley 1.3
10/25/2011 Dakan, Farley 0.6
10/25/2011 Rakunas, Ronald 0.9
10/25/2011 Weissenborn, Jim 0.4
10/25/2011 Weissenborn, Jim 0.6
10/25/2011 Weissenborn, Jim 0.3
10/25/2011 Weissenborn, Jim 0.1
10/26/2011 Dakan, Farley 0.7
10/26/2011 Dakan, Farley 0.2
10/26/2011 Dakan, Farley 0.9
10/26/2011 Rakunas, Ronald 1.1
10/26/2011 Weissenborn, Jim 0.5
10/26/2011 Weissenborn, Jim 0.8
10/26/2011 Weissenborn, Jim 0.6
10/26/2011 Weissenborn, Jim 1.5
10/26/2011 Weissenborn, Jim 0.6
10/27/2011 Rakunas, Ronald 2.3
10/27/2011 Weissenborn, Jim 0.7
10/27/2011 Weissenborn, Jim 0.4
10/27/2011 Weissenborn, Jim 0.3
10/27/2011 Weissenborn, Jim 0.4
10/28/2011 Dakan, Farley 0.9
Comment: Discussion with colleagues regarding Northlight termsheet issues
Comment: Call with colleagues regarding PIMCO DIP and exit financing interest
Comment: review multiple turns of term sheet from WF
Comment: review final redline of term sheet from WF
Comment: Recapitalization document review and discussion.
Comment: Call with colleagues regarding termsheet constructs
Comment: Review of termsheet and discussion with counsel
Comment: Review of modified DIP budget
Comment: Discussion of Northlight due diligence issues with colleagues
Comment: send due diligence correspondence to DIP lender
Comment: approve due diligence payment and send same
Comment: review final committee proposal
Comment: Recapitalization document review and discussion.
Comment: Review modified DIP budget
Comment: Preparation for Committee call regarding DIP financing
Comment: Discuss various Northlight due diligence issues with colleagues
Comment: Call with Committee regarding DIP financing
Comment: Review Committee counter proposal for DIP financing
Comment: Recapitalization document review and discussion.
Comment: Review revised DIP budget and discuss with colleagues
Comment: Review Northlight information request
Comment: Review modified DIP budget
Comment: Review Third Interim Financing order
Comment: Due diligence conf call with Northlight
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 93 of 123
10/28/2011 Dakan, Farley 0.7
10/28/2011 Dakan, Farley 0.6
10/28/2011 Rakunas, Ronald 1.2
10/28/2011 Weissenborn, Jim 0.8
10/30/2011 Dakan, Farley 0.8
10/30/2011 Dakan, Farley 0.6
10/30/2011 Weissenborn, Jim 0.6
10/30/2011 Weissenborn, Jim 1
10/30/2011 Weissenborn, Jim 0.5
10/31/2011 Dakan, Farley 0.7
10/31/2011 Dakan, Farley 0.5
10/31/2011 Dakan, Farley 0.9
10/31/2011 Dakan, Farley 0.7
10/31/2011 Dakan, Farley 0.3
10/31/2011 Rakunas, Ronald 1.1
10/31/2011 Weissenborn, Jim 1.6
10/31/2011 Weissenborn, Jim 0.7
100
Date Employee Hours
10/3/2011 Rakunas, Ronald 1.3
10/3/2011 Rakunas, Ronald 0.7
10/3/2011 Weissenborn, Jim 0.6
10/3/2011 Weissenborn, Jim 1.5
10/4/2011 Rakunas, Ronald 0.8
10/6/2011 Weissenborn, Jim 0.3
Comment: review Prescott due diligence questions
Comment: review redline to dip/exit form WF
Comment: Recapitalization document review and discussion.
Comment: Review WF proposal for revised DIP financing
Comment: call with counsel and colleagues on DIP
Comment: review WF comments to DIP
Comment: Preparation for WF DIP proposal call
Comment: Call with colleagues regarding WF DIP proposal
Comment: Review revised WF Committee proposal
Comment: committee call and professionals,
Comment: call with colleagues on motions and declarations,
Comment: modify financing document,
Comment: update portfolio summary
Comment: conf call with recap lender
Comment: Recapitalization document review and discussion.
Comment: Call with Committee advisors regarding WF proposal and preparation
Comment: Review Committee response to WF DIP proposal
Sub Total:
Activity: Litigation
Comment: Rancho Las Flores document review and discussions with colleagues regarding litigation.
Comment: 2718 litigation document review and discussion with colleagues.
Comment: Review of SEC subpoena
Comment: Discussion of SEC subpoena and production issues
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Discuss various SEC subpoena issues with colleagues
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 94 of 123
10/10/2011 Rakunas, Ronald 1.8
10/10/2011 Rakunas, Ronald 0.4
10/11/2011 Rakunas, Ronald 1.7
10/11/2011 Rakunas, Ronald 1.8
10/12/2011 Rakunas, Ronald 1.4
10/12/2011 Rakunas, Ronald 0.9
10/13/2011 Rakunas, Ronald 0.9
10/13/2011 Rakunas, Ronald 1.2
10/14/2011 Rakunas, Ronald 0.7
10/14/2011 Rakunas, Ronald 1.7
10/17/2011 Rakunas, Ronald 1.1
10/17/2011 Rakunas, Ronald 0.6
10/18/2011 Dishnica, Rick 0.2
10/18/2011 Rakunas, Ronald 1.3
10/18/2011 Rakunas, Ronald 0.4
10/18/2011 Weissenborn, Jim 0.3
10/18/2011 Weissenborn, Jim 0.5
10/18/2011 Weissenborn, Jim 0.6
10/19/2011 Rakunas, Ronald 0.7
10/19/2011 Rakunas, Ronald 0.5
10/19/2011 Weissenborn, Jim 0.2
10/19/2011 Weissenborn, Jim 0.3
10/19/2011 Weissenborn, Jim 0.2
10/19/2011 Weissenborn, Jim 0.7
Comment: Rancho Las Flores document review and discussion regarding litigation.
Comment: 2718 discussion regarding litigation.
Comment: JC Reeves potential litigation issues discussion and document review.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Weyrich Jack's Ranch litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Dept. of Labor litigation e-mails
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Discussion of distribution issues regarding Siena settlement
Comment: Call with colleagues regarding new asset level litigation
Comment: Call with colleagues regarding SEC subpoena production issues
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Review SEC litigation hold memos
Comment: Review of B4 disbursements for 2006-20009 (SEC subpoena)
Comment: Review of historical entity bank acounts (SEC subpoena)
Comment: Review various other SEC buspoena production items
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 95 of 123
10/19/2011 Weissenborn, Jim 0.3
10/19/2011 Weissenborn, Jim 1
10/20/2011 Rakunas, Ronald 1.6
10/21/2011 Rakunas, Ronald 0.8
10/21/2011 Rakunas, Ronald 2.1
10/24/2011 Rakunas, Ronald 1.4
10/25/2011 Rakunas, Ronald 1.3
10/25/2011 Rakunas, Ronald 1.2
10/26/2011 Rakunas, Ronald 1.2
10/26/2011 Rakunas, Ronald 1.6
10/27/2011 Rakunas, Ronald 1.6
10/28/2011 Rakunas, Ronald 1.8
10/31/2011 Rakunas, Ronald 1.9
10/31/2011 Weissenborn, Jim 0.5
43.6
Date Employee Hours
10/3/2011 Dakan, Farley 1.2
10/3/2011 Holley, Joshua 1.2
10/3/2011 Holley, Joshua 0.3
10/4/2011 Dakan, Farley 1.1
10/4/2011 Holley, Joshua 0.8
10/4/2011 Holley, Joshua 1.3
10/4/2011 Holley, Joshua 0.4
10/5/2011 Dakan, Farley 0.6
Comment: Discussion of Triple S litigation and indemnity issues
Comment: Review of 10/20 testimony questions and discuss with colleagues
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: 2718 litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores litigation document review and discussion.
Comment: Rancho Las Flores document review and discussion.
Comment: Discuss Oshima litigation issues with colleagues
Sub Total:
Activity: Meetings / Preparation
Comment: exchange information with MF08 professionals and update on assets with joint ownership
Comment: Portfolio model review w/FTI.
Comment: Conversation with Dan Freeman re Pecos Creek: update from friday and interested party - Johnny
Lau.
Comment: discuss committee's request for information with colleagues
Comment: Multiple calls/discussions with counsel s re application to employ brokers.
Comment: Call to assist PIMCO in data room access and functionality of the site. Including multiple calls to
ShareVault customer service.
Comment: Discussions with Chelsea Ausland re. status of current contract.
Comment: conf call with colleagues on SEC subpoena
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 96 of 123
10/5/2011 Dakan, Farley 1
10/5/2011 Holley, Joshua 0.8
10/5/2011 Holley, Joshua 0.5
10/5/2011 Koger, Kyle 3
10/6/2011 Dakan, Farley 0.7
10/6/2011 Holley, Joshua 0.8
10/6/2011 Holley, Joshua 0.8
10/6/2011 Koger, Kyle 9
10/7/2011 Holley, Joshua 0.3
10/7/2011 Holley, Joshua 1.3
10/7/2011 Koger, Kyle 1
10/10/2011 Dakan, Farley 0.7
10/11/2011 Dakan, Farley 5.2
10/11/2011 Dakan, Farley 3
10/12/2011 Holley, Joshua 1.3
10/12/2011 Holley, Joshua 0.5
10/17/2011 Holley, Joshua 1
10/18/2011 Holley, Joshua 0.7
10/19/2011 Holley, Joshua 1.3
10/21/2011 Holley, Joshua 2.2
10/21/2011 Holley, Joshua 1
Comment: conf call with counsel on SEC subpoena
Comment: Call w/Kendra Johnson re schedules and addresses for utilities.
Comment: Preparation for Tues (10/11) creditors meeting.
Comment: Bankruptcy meeting preparation: Built list of Mackinac Partners responsibilities on overall RE
Loans management for upcoming trustee presentation.
Comment: hearing prep w/ counsel
Comment: Conference call with asset mangers to discuss Vickie Mullins and brokers' concern with Land
Advisors engagement.
Comment: Status call internally to discuss statements and schedules.
Comment: Bankruptcy meeting preparation: Built organizational charts for trustee presentation on overall
RE Loans management.
Comment: Call with attorney for Johnny Lau - interested party in Vantage Lofts and Pecos Creek.
Comment: Call with counsel to walk through reporting package in detail.
Comment: Bankruptcy meeting preparation: Built organizational charts for trustee presentation on overall
RE Loans management.
Comment: call with counsel and colleagues to prep for committee meeting
Comment: prep for meeting with committee and professionals
Comment: meeting with committee members and professionals
Comment: Internal status update and strategy review .
Comment: Update call with Rick Stacey re. litigation on Pend Oreille.
Comment: Review property tax file and status with FD in response to Northlight inquiries. Review cash
collateral viability with FD and JK.
Comment: Discussions with JK re title request submitted by Northlight. Discussions with FTI re title request
submitted by Northlight. Update / status call with JW and FD in prep for FTI call and follow up to northlight
request. FTI call with JW and FD.
Comment: Call w/Kathleen Haley and GH to discuss MOR's.
Comment: Coordinate with FTI and its counsel re visit to REL office. Calls and emails with (Baker Law) to
provide background and schedule for Monday on-site diligence. Review updated asset list from Northlight -
review and discuss pricing schedule from First American.
Comment: Call with Alfonso (FTI) to discuss variance report and develop balance on WFCF line.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 97 of 123
10/21/2011 Holley, Joshua 0.6
10/21/2011 Holley, Joshua 0.5
10/24/2011 Dakan, Farley 1.1
10/24/2011 Holley, Joshua 0.8
10/24/2011 Holley, Joshua 1.5
10/24/2011 Holley, Joshua 0.7
10/25/2011 Holley, Joshua 0.7
10/25/2011 Holley, Joshua 0.5
10/26/2011 Dakan, Farley 1.4
10/26/2011 Dakan, Farley 0.7
10/26/2011 Holley, Joshua 1
10/26/2011 Holley, Joshua 0.6
10/27/2011 Holley, Joshua 1.5
10/28/2011 Holley, Joshua 1.2
55.8
Date Employee Status Hours
10/3/2011 Weissenborn, Jim 1
10/4/2011 Weissenborn, Jim 2.8
10/4/2011 Weissenborn, Jim 1
10/4/2011 Weissenborn, Jim 1.6
10/4/2011 Weissenborn, Jim 1
Comment: Discussions with asset managers re Pend Oreille status of transaction and plan for trip. Discuss
Vantage Lofts interested party.
Comment: Internal status update with asset mangers re bankruptcy budget, lakeview closing and cash into
lockbox.
Comment: conf call with committee counsel and fa
Comment: Multiple discussion with asset managers re land advisors' and debtx' access to data room and
docs available. Direct discussions with DebtX re timing associated with process.
Comment: Internal discussions re utility account setup required by bk. Internal discussions on processes
related to providing information to individual noteholders so that they might access account balances more
efficiently (related to FBI questionnaire) Review bank account list and discuss strategy of bank accounts.
Comment: Correspondence from Tami Barows re Pecos Creek $70k depsoit - Subsequent conversation with
asset managers / corporate counsel.
Comment: DebtX conference call to discuss process and timing. Update call w/FD and GH re DebtX, Pecos
Creek funds, noteholder letter, diligence support to Northlight, etc.
Comment: Call with asset managers and corporate counsel to discuss Northlight diligence efforts and
counsel requests, JC Reeves LOI's, DebtX commitment fee and diligence request list.
Comment: call with colleagues and counsel on DIP modifications
Comment: call with committee professionals
Comment: Conference call with Land Advisors, corp counsel and asset managers.
Comment: Multiple internal review calls with asset managers re, application to employ LAO, Pecos Creek
funds, and request from Tami Barrows re amendment to bk budget, and questions re DebtX agreement.
Comment: Diligence call with Northlight, Artemis, corp counsel, asset level counsel and asset managers.
Provide documents requested during diligence call.
Comment: Prep for Northlight diligence call. Continue asset diligence call with Northlight and Artemus.
Sub Total:
Activity: Meetings of Creditors
Comment: Discussion of FTI questions and inquiries
Comment: Discussion of various Committee issues and proposed response
Comment: Call with Committee members regarding various Committee issues
Comment: Review of and discussion of materials for 10/11 Committee meeting
Comment: Review of FTI/AG information request
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 98 of 123
10/4/2011 Weissenborn, Jim 0.6
10/4/2011 Weissenborn, Jim 0.6
10/5/2011 Weissenborn, Jim 1.5
10/6/2011 Weissenborn, Jim 0.4
10/6/2011 Weissenborn, Jim 0.7
10/7/2011 Weissenborn, Jim 1.4
10/9/2011 Weissenborn, Jim 1.5
10/9/2011 Weissenborn, Jim 0.7
10/10/2011 Weissenborn, Jim 0.9
10/10/2011 Weissenborn, Jim 1.8
10/11/2011 Weissenborn, Jim 2
10/11/2011 Weissenborn, Jim 0.9
10/11/2011 Weissenborn, Jim 3.7
10/11/2011 Weissenborn, Jim 1.3
10/12/2011 Weissenborn, Jim 0.8
10/13/2011 Weissenborn, Jim 0.9
10/18/2011 Weissenborn, Jim 1.1
10/20/2011 Weissenborn, Jim 0.3
10/22/2011 Weissenborn, Jim 1.4
10/24/2011 Weissenborn, Jim 0.8
10/25/2011 Weissenborn, Jim 0.7
10/25/2011 Weissenborn, Jim 1.1
32.5
Comment: Discussion of various issues regarding 10/6 hearing
Comment: Discussion of agenda for discussion topics regarding 10/11 Committee meeting
Comment: Discussion of issues and production regarding FTI/AG information request
Comment: Discuss draft agenda with colleagues
Comment: Create draft agenda for Committee meeting
Comment: Call with colleagues to review Committee agenda and meeting preparation
Comment: Review of various documents for Committee meeting
Comment: Discussion of Committee meeting documents with colleagues
Comment: Review of Committee document request and discuss with colleagues
Comment: Review of Committee presentation and preparation
Comment: Preparation for presentation to Committee
Comment: Review revised Committee agenda with colleagues
Comment: Presentation and meeting to Creditor's Committee
Comment: Debriefing meeting with colleagues regarding Committee meeting
Comment: Review committee document request/response and discuss with colleagues
Comment: Review Committee correspondence regarding professional retention and discuss with colleagues
Comment: Preparation for and call with FTI regarding various budget issues
Comment: Discussion with FTI regarding negotiation parameters and protocol
Comment: Preparation for call with Committee advisors and counsel
Comment: Preparation for Committee advisor call
Comment: Preparation for Committee advisor call regarding DIP financing
Comment: Call with advisors regarding DIP financing
Sub Total:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 99 of 123
Date Employee Hours
10/10/2011 Weissenborn, Jim 1.1
10/10/2011 Weissenborn, Jim 0.3
10/11/2011 Weissenborn, Jim 1.1
2.5
Date Employee Hours
10/11/2011 Dakan, Farley 1.4
10/12/2011 Dakan, Farley 2
10/14/2011 Dakan, Farley 1.2
4.6
Date Employee Hours
10/3/2011 Holley, Joshua 1.2
1.2
Date Employee Hours
10/4/2011 Rakunas, Ronald 0.9
10/4/2011 Rakunas, Ronald 0.4
10/21/2011 Rakunas, Ronald 0.7
10/24/2011 Rakunas, Ronald 1.1
10/26/2011 Rakunas, Ronald 0.7
3.8
882.8
Activity: Plan and Disclosure Statement
Comment: Review of revised Plan of Reorganization and discussion with colleagues
Comment: Review of latest Plan of Reorganization
Comment: Review of revised Disclosure statement
Sub Total:
Activity: Report / Document Creation
Comment: prepare documents (forensic, org charts, roles and responsibilities, asset status/strats) for
creditor committee meeting.
Comment: Review Statements and Schedules prior to submission
Comment: prepare disposition schedules and model scenarios
Sub Total:
Activity: Strategic Planning
Comment: Internal RECAP call: Review PIMCO access and Prescott access with Ron Rakunas. As well as
review of process to engage RECAP partner. Continued discussions on application to employ.
Sub Total:
Sub Total:
Project Grand Total:
Activity: Tax Issues
Comment: Lockenheath discussion and document review regarding taxes.
Comment: Quintero discussion and document review regarding taxes.
Comment: Quintero property tax document review and discussion.
Comment: AABW tax document review and discussion.
Comment: AABW property tax document review and discussions.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 100 of 123
Date Employee Description Amount
9/26/2011 Rakunas, Ronald Orange County, CA - Oakland, CA, RT 401
9/28/2011 Henderson, George San Francisco, CA - Charlotte, NC - 10/14 259
9/28/2011 Henderson, George Charlotte, NC - San Francisco, CA - 10/10 513
10/4/2011 Holley, Joshua San Francisco, CA - Austin, TX - one way 342
10/5/2011 Weissenborn, Jim Detroit, MI - San Francisco, CA 1,541
10/9/2011 Dakan, Farley Austin, TX - San Francisco, CA - one way 397
10/9/2011 Holley, Joshua Austin, TX - San Francisco, CA - one way 387
10/10/2011 Henderson, George Charlotte, NC - San Francisco, CA - 10/17 513
10/10/2011 Henderson, George San Francisco, CA - Charlotte, NC - 10/21 382
10/10/2011 Holley, Joshua San Francisco, CA - Austin, TX - one way 310
10/10/2011 Rakunas, Ronald Orange County, CA - San Francisco, CA, RT 371
10/12/2011 Dakan, Farley San Francisco, CA - Austin, TX - one way 397
10/12/2011 Henderson, George San Francisco, CA - Charlotte, NC - 10/28 259
10/12/2011 Henderson, George Charlotte, NC - San Francisco, CA - 10/24 513
10/14/2011 Weissenborn, Jim Detroit, MI - Dallas, TX 1,500
10/17/2011 Rakunas, Ronald Orange County, CA - San Francisco, CA, RT 389
10/27/2011 Holley, Joshua Austin, TX - San Francisco, CA, RT 809
9,284
Date Employee Description Amount
9/23/2011 Weissenborn, Jim Austin, TX - 3 days 176
9/29/2011 Henderson, George Avis rental 300
9/29/2011 Rakunas, Ronald OAK-Lafayette-OAK 574
10/6/2011 Holley, Joshua Avis Rental (10/2 - 10/6) 396
10/13/2011 Rakunas, Ronald SJO-Lafayette-OAK 640
10/13/2011 Weissenborn, Jim San Francisco, CA - 3 days 249
10/14/2011 Dakan, Farley San Francisco 331
10/28/2011 Holley, Joshua Avis Rental (10/24 - 10/28) 374
3,039
Date Employee Description Amount
9/23/2011 Weissenborn, Jim Parking - Detroit Metropolitan Airport 50
9/28/2011 Henderson, George Gas for Rental Car 41
9/29/2011 Henderson, George Gas for Rental Car 17
9/29/2011 Rakunas, Ronald SNA parking 76
9/29/2011 Weissenborn, Jim Parking - Detroit Metropolitan Airport 75
10/12/2011 Henderson, George Parking 9
10/13/2011 Holley, Joshua Parking at AUS (10/10 - 10/13) 80
10/13/2011 Rakunas, Ronald SNA parking 68
10/13/2011 Weissenborn, Jim Parking - Detroit Metropolitan Airport 94
10/14/2011 Henderson, George Bay Bridge Toll 6
10/14/2011 Henderson, George Parking at CLT 30
10/20/2011 Rakunas, Ronald SNA parking 80
10/21/2011 Henderson, George Parking CLT 30
10/21/2011 Henderson, George refuel rental car 48
10/21/2011 Henderson, George Bay Bridge Toll 6
10/21/2011 Weissenborn, Jim Parking - Detroit Metropolitan Airport 69
10/27/2011 Holley, Joshua Parking at AUS (10/24 - 10/27) 80
859
Date Employee Description Amount
9/29/2011 Rakunas, Ronald Renaissance Walnut Creek 3 nights 549
10/4/2011 Holley, Joshua Renaissance Hotel (2 nights) 400
10/6/2011 Holley, Joshua Renaissance Hotel (2 nights) 392
10/10/2011 Dakan, Farley San Francisco (2 nights) 765
Client / Project: RE Loans / RE Loans
Expense Type: Airfare
Sub Total:
Expense Type: Car Rental
Sub Total:
Client Expense Detail by Project and Expense TypeReport Date Range: 10/1/2011 to 10/31/2011
Expense Type: Gas / Parking / Tolls
Sub Total:
Expense Type: Lodging
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 101 of 123
10/13/2011 Holley, Joshua Lafayette Park Hotel (3 Nights) 498
10/13/2011 Rakunas, Ronald Renaissance Walnut Creek 2 nights 366
10/13/2011 Weissenborn, Jim San Francisco, CA - 3 nights 825
10/15/2011 Henderson, George Renaissance Park 787
10/18/2011 Henderson, George 10/16 night in SF 196
10/20/2011 Rakunas, Ronald Renaissance Walnut Creek 3 nights 945
10/21/2011 Dakan, Farley Dallas (2 nights) 650
10/21/2011 Henderson, George Renaissance Club Sport remainder of week 775
10/21/2011 Weissenborn, Jim Dallas, TX - 2 nights 650
10/27/2011 Holley, Joshua Renaissance Hotel (3 nights) 549
8,349
Date Employee Description Amount
9/21/2011 Weissenborn, Jim Dinner in hotel room 54
9/22/2011 Weissenborn, Jim Lunch - J. Weissenborn, F. Dakan, J. Holley, K. Koger 96
9/27/2011 Henderson, George Lunch 29
9/27/2011 Rakunas, Ronald Lunch @ Chow's in Lafayette, CA 20
10/2/2011 Holley, Joshua Safeway - Food 43
10/2/2011 Holley, Joshua Dinner - Quiznos 9
10/3/2011 Holley, Joshua Lunch - Whole Foods 22
10/4/2011 Holley, Joshua Lunch - Chow 23
10/5/2011 Holley, Joshua Lunch - Whole Foods 15
10/5/2011 Holley, Joshua Lunch - Chow 28
10/6/2011 Holley, Joshua Lunch - Chow 21
10/6/2011 Holley, Joshua Max's SFO Airport 17
10/10/2011 Holley, Joshua 7-Eleven (Food) 19
10/10/2011 Holley, Joshua Food - AUS Airport 9
10/10/2011 Holley, Joshua Lunch - Farley, George and Rick included 80
10/11/2011 Dakan, Farley Dinner - F. Dakan, J. Weissenborn, J Krause 250
10/11/2011 Holley, Joshua Dinner - George and Ron included 129
10/11/2011 Holley, Joshua Lunch - George and Ron included 60
10/11/2011 Weissenborn, Jim Breakfast in hotel room 40
10/12/2011 Weissenborn, Jim Dinner - J. Weissenborn, F. Dakan, J. Holley, K. Koger, R. Dishnica 200
10/13/2011 Henderson, George Lunch 66
10/13/2011 Holley, Joshua Max's SFO Airport 18
10/13/2011 Weissenborn, Jim Breakfast in hotel room 21
10/17/2011 Henderson, George Lunch 21
10/18/2011 Henderson, George Dinner - G. Henderson, F. Dakan, J. Holley, R. Rakunas, R. Dishnica 105
10/19/2011 Henderson, George Lunch - G. Henderson, F. Dakan, J. Holley, R. Rakunas, R. Dishnica 77
10/19/2011 Weissenborn, Jim Refreshments 36
10/20/2011 Dakan, Farley Lunch - F. Dakan, J. Weissenborn, J. Krause 67
10/20/2011 Dakan, Farley Dinner - F. Dakan, J. Weissenborn 73
10/20/2011 Henderson, George Lunch 8
10/21/2011 Weissenborn, Jim Breakfast in hotel room 35
10/21/2011 Weissenborn, Jim Refreshments in hotel room 10
10/24/2011 Holley, Joshua Lunch (George Included) 21
10/24/2011 Holley, Joshua Food (AUS Airport) 10
10/25/2011 Holley, Joshua Food (7-Eleven) 14
10/25/2011 Holley, Joshua Lunch (George Included) 40
10/25/2011 Holley, Joshua Dinner (George included) 49
10/26/2011 Henderson, George Lunch - G. Henderson, F. Dakan, J. Holley, R. Rakunas, R. Dishnica 156
10/26/2011 Holley, Joshua Dinner (George included) 72
10/27/2011 Holley, Joshua Lunch (George Included) 38
10/27/2011 Holley, Joshua Max's (SFO Airport Food) 17
2,120
Date Employee Description Amount
10/6/2011 Dakan, Farley Mileage to/from dfw [420.00@$0.5100] 214
10/20/2011 Dakan, Farley Mileage to/from DFW [417.00@$0.5100] 213
427
Sub Total:
Expense Type: Mileage
Sub Total:
Sub Total:
Expense Type: Meals & Entertainment
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 102 of 123
Date Employee Description Amount
10/17/2011 Brennan, Mike ShareVault File Storage Monthly chrg-(20,550 pages) 1,711
1,711
Date Employee Description Amount
9/25/2011 Holley, Joshua FedEx Overnight JC Reeves 36
36
Date Employee Description Amount
10/6/2011 Holley, Joshua Taxi from AUS Airport 34
10/12/2011 Dakan, Farley taxi from airport in aus 34
10/13/2011 Holley, Joshua BART ticket 20
10/17/2011 Henderson, George BART 20
108
Date Employee Description Amount
9/27/2011 Holley, Joshua Conference Call Service 6
9/30/2011 Holley, Joshua Conference Call Service 15
10/6/2011 Holley, Joshua Conference Call Service 27
10/7/2011 Holley, Joshua Conference Call Service 20
10/8/2011 Holley, Joshua Conference Call Service 13
10/11/2011 Dakan, Farley internet service/printing charges 10
10/19/2011 Dakan, Farley Internet/printing charges 14
10/20/2011 Brennan, Mike In Flight Internet-Monthly chrg-GoGo Service 35
10/26/2011 Holley, Joshua Conference Call Service 38
10/27/2011 Holley, Joshua Conference Call Service 12
190
$26,122Report Grand Total:
Sub Total:
Expense Type: Telecommunications (Internet/Cell)
Sub Total:
Expense Type: Taxi / Trains
Sub Total:
Expense Type: Miscellaneous
Sub Total:
Expense Type: Postage / Delivery
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 103 of 123
180 High Oak Road, Bloomfield Hills, MI 48304
October 20, 2011
SERVICES RENDEREDBy Mackinac Partners, LLC for the period September 13, 2011 through September 30, 2011in the role as Chief Restructuring Officer
Hours Rate TotalFees
James Weissenborn 81.8 560$ 45,808 Farley Dakan 130.7 440$ 57,508 Ron Rakunas 118.6 430$ 50,998 Rick Dishnica 12.7 410$ 5,207
Re: RE Loans, LLC
Rick Dishnica 12.7 410$ 5,207 Mike Brennan 37.5 335$ 12,563 George Henderson 89.0 300$ 26,700 Matt Matthews 6.7 275$ 1,843 Josh Holley 90.4 275$ 24,860 Kyle Koger 2.0 250$ 500
Sub Total 569.4 225,986
Out-of-Pocket Expenses:Detail attached 17,183
243,169$
***PLEASE NOTE NEW WIRE INSTRUCTIONS BELOW EFFECTIVE MAY 5, 2010
Bank: Bank of America, N.A.ABA Routing No.: 026009593
Account: Merrill Lynch Account 6550113516For Final Credit of 689-03306Mackinac Partners, LLC
Wiring Instructions:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 104 of 123
Date Employee Hours
9/13/2011 Henderson, George 3
9/19/2011 Henderson, George 2
9/21/2011 Henderson, George 1
9/22/2011 Henderson, George 1
9/23/2011 Henderson, George 2
9/26/2011 Henderson, George 6
9/27/2011 Henderson, George 2
17
Date Employee Hours
9/14/2011 Weissenborn, Jim 0.5
0.5
Date Employee Hours
9/13/2011 Henderson, George 1
9/14/2011 Henderson, George 1
9/14/2011 Weissenborn, Jim 0.6
9/14/2011 Weissenborn, Jim 0.6
9/15/2011 Weissenborn, Jim 0.5
9/15/2011 Weissenborn, Jim 0.5
9/17/2011 Weissenborn, Jim 1.1
9/19/2011 Henderson, George 3
9/19/2011 Weissenborn, Jim 0.6
9/19/2011 Weissenborn, Jim 0.7
9/20/2011 Henderson, George 2.5
9/21/2011 Henderson, George 2
9/21/2011 Weissenborn, Jim 0.4
9/22/2011 Henderson, George 1
9/22/2011 Weissenborn, Jim 0.9
9/22/2011 Weissenborn, Jim 1.5
Activity: Asset Disposition
Comment: *Correspondence with Aquaterra and Perdido Brokers
Comment: *Updated pipeline report
Comment: Discussion of Bravo Marshall and Las Colinas closing and cash collateral issues
Comment: Discussion regarding listing prices and REO and notes receivable marketing strategies
Comment: *Spoke to Tom Julian regarding asset disposition *Correspondence with Perdido broker
Comment: Review draft of Las Colinas settlement motion and discuss with colleagues
Comment: Review and discuss Dakan declaration regarding Las Colinas/Forestar
Comment: *correspondence with Perdido Broker *correspondence with prospective buyer for Jack's Ranch
note
Comment: *Correspondence with Cottonwood borrower regarding loan modification *Correspondence with
Don Corliss regarding Woodbridge loan modification
Comment: Call with J. Krause regarding MF08 issues regarding Las Colinas
Comment: *Prepared RE Reno Schedule documenting expenses advanced by RE Loans
Comment: *Start Draw request preparation
Comment: *Analyzed noteholder accounts balances
Comment: *Worked on Draw Request
Comment: *Modified and Prepared Draw Request to Wells Fargo *Updated variance report template
Comment: *Worked on BK budget and draw
Project Time Detail by ActivityItem Date Range: 9/13/2011 to 9/30/2011
Project: RE Loans
Activity: Accounting / Auditing
Comment: Prepared final draw request bk
Comment: *Responded to a Solaris offer
Comment: Review draft sale motions regarding Las Colinas/Barvo Marshall
Comment: Discuss draft sale motions with colleagues
Comment: Discuss Jack's Ranch foreclosure issues with colleagues
Comment: Discuss with colleagues Las Colinas issues regarding MF08 involuntary petition
Comment: Review Las Colinas settlement motion and discuss issues with colleagues
Sub Total:
Activity: Asset Analysis and Recovery
Comment: Discuss pending foreclosures and possible postponement
Sub Total:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 105 of 123
9/23/2011 Weissenborn, Jim 0.2
9/23/2011 Weissenborn, Jim 0.2
9/23/2011 Weissenborn, Jim 0.4
9/26/2011 Dakan, Farley 1.5
9/26/2011 Weissenborn, Jim 0.5
9/26/2011 Weissenborn, Jim 0.5
9/26/2011 Weissenborn, Jim 0.3
9/26/2011 Weissenborn, Jim 0.7
9/26/2011 Weissenborn, Jim 0.5
9/27/2011 Dakan, Farley 2.4
9/28/2011 Henderson, George 1
9/28/2011 Weissenborn, Jim 0.5
9/28/2011 Weissenborn, Jim 1
9/29/2011 Dakan, Farley 0.8
9/30/2011 Weissenborn, Jim 0.3
28.7
Date Employee Hours
9/13/2011 Brennan, Mike 0.7
9/13/2011 Brennan, Mike 0.5
9/13/2011 Brennan, Mike 0.8
9/13/2011 Dakan, Farley 10
9/13/2011 Dishnica, Rick 7
9/13/2011 Henderson, George 5.5
9/13/2011 Holley, Joshua 4
9/13/2011 Rakunas, Ronald 9.1
9/14/2011 Brennan, Mike 0.8
9/14/2011 Brennan, Mike 0.7
Comment: Model review of disposition assumptions of whole portfolio. Calls with colleagues to discuss
assumptions
Comment: Prepare final documents for entry of filing. Review of all documents used for filing. Meeting with
employees and colleagues to discuss modified processes.
Comment: Property foreclosure execution: JC Reeves, Jack's Ranch
Comment: Property tax lawsuit management: Georgetown
Comment: Property foreclosure execution JC Reeves
Comment: Property tax planning various properties
Comment: Email correspondence various properties
Comment: *Worked on setting up new bank accounts and organizing/closing existing accounts
*Correspondence with Portola Borrower regarding property tax appeals *Acanto closing
Comment: Data room organization.
Comment: 1.8 Calls and document review re AABW environmental assessment, LOTT transaction, litigation,
entitlements and penidng RE BK. 1.3 Bravo Marshall calls and review of security agreement, Bravo BK hearing
and pending closing. .6 JC Reeves issues associated with pending foreclosure and subsequent listing with
Metro. 2.1 RE BK doc review and preparation. .5 Acanto closing review and discussion of remaining issues. 1.5
Debt X and Land Advisors listing proposal review, discussions and calls. 1.5 Potential recapitalization
discussion and calls. .4 Calls regarding litigation at Rancho Las Flores and 2718.
Comment: Review listing prices vs. SFCF release prices
Comment: Meeting with F. Dakan regarding listing contracts
Comment: discuss process for las colinas and bravo marshall transactions
Comment: Discussion regarding MF08/Las Colinas settlement issues
Sub Total:
Activity: Business Operations
Comment: Discuss Las Colinas w/ local counsel
Comment: Call with J. Krause and F. Dakan regarding Las Colinas and WF issues
Comment: Review of Las Colinas price allocation analysis
Comment: Call with colleagues regarding price allocation
Comment: Call with colleagues regarding MF08 settlement issues regarding Las Colinas
Comment: Review of price allocations and background memo regarding Las Colinas
Comment: Discussion regarding JC Reeves foreclosure
Comment: Discussion of asset purchase inquiries
Comment: Review of proposed committee Confidentiality Agreement and discussion of issues
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 106 of 123
9/14/2011 Brennan, Mike 1
9/14/2011 Dakan, Farley 3
9/14/2011 Henderson, George 5
9/14/2011 Holley, Joshua 3.5
9/14/2011 Matthews, Matt 0.1
Comment : provide diligence support to Forestar (Justine K.)
9/14/2011 Rakunas, Ronald 8.2
9/15/2011 Brennan, Mike 0.5
9/15/2011 Brennan, Mike 0.5
9/15/2011 Dakan, Farley 2
9/15/2011 Dishnica, Rick 0.7
9/15/2011 Henderson, George 3
9/15/2011 Holley, Joshua 2
9/15/2011 Matthews, Matt 0.1
Comment : provide diligence support to Forestar (Justine K.). Conversation with Shawn
Bucklin to set up site visit and review initial property questions. 9/15/2011 Rakunas, Ronald 8.6
9/16/2011 Brennan, Mike 1
9/16/2011 Brennan, Mike 0.5
9/16/2011 Brennan, Mike 0.5
9/16/2011 Brennan, Mike 0.5
9/16/2011 Dakan, Farley 2
9/16/2011 Henderson, George 4
9/16/2011 Holley, Joshua 2
9/16/2011 Rakunas, Ronald 8.4
9/19/2011 Brennan, Mike 1
9/19/2011 Brennan, Mike 0.5
9/19/2011 Dakan, Farley 6
Comment: Discuss status of Bravo, Las Colinas. Update call with asset managers on potential dispositions
Comment: Discussion with asset managers on status of dispositions
Comment: Discussion with MF'08 representatives regarding Las Colinas and involuntary BK impact
Comment: Review of DebtX and Land Advisors engagement letters. Review of disposition exhbits with asset
managers. Discussion with multiple vendors on bankruptcy filing. G&A budget review.
Comment: Property tax file updates-various
Comment: Property management and correspondence: Weyrich
Comment: Email correspondence-various
Comment: *Prepared/updated disposition status report *Phone call with Alice Ford regarding Feenune HOA
issue *Review Vaught buyer status report *Updated creditor address list
Comment: Email correspondence with Greg Jones re Bravo. Email correspondence with Bailes re JC Reeves
and Ysabel. Spoke with Matt Matthews re. Shawn Bucklin and Georgetown site-visit. Email correspondence
with Shawn Bucklin re Georgetown. Spoke with Pete Herzog of Fulcrum re CA draft. Email correspondence
with Greg Jones and created data room access.
Comment: 4 BK prep at Gardere's offices. 2 BK hearing. .3 Calls re litigation at Rancho Las Flores and 2718. .7
Calls re AABW issues, LOTT, valuation, marketing, prop mgt. .5 Calls re Bravo Marshall upcoming BK hearing
and closing. .4 Calls re listing agreements with Debt X and Land Advisors. .5 Calls re recapitalization.
Comment: Email correspondence and communication-various
Comment: Property tax discussions and planning: Quintero, Acanto
Comment: *Updated Entity Creditor Lists *Worked on DIP bank account set up *Sent CA and to prospective
buyer
Comment: Data room Organization and BK preparation / organization. Email correspondence with interested
broker(s).
Comment: 4 BK preparation at Gardere 2 Business plan review and analysis. 1 JC Reeves Foreclosure review
and calls. .9 Calls and document review re Bravo Marshall BK and closing. .7 Calls re LOTT transaction and
related issues.
Comment: Property management; LochenHeath, Acme Twsp.
Comment: Property tax call: Altus update
Comment: Email correspondence and communication various properties
Comment: *Worked on Portola restructuring document
Comment: 2 JC Reeves foreclosure review and calls. 1.5 Bravo Marshall BK hearing review and calls. 2 RE BK
document review and preparation. 1 Calls and docuemnt review of 2718 litigation issues. 2 Business plan
review, updates and calls related to recapitalization.
Comment: Property foreclsure planning and documentation-various
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 107 of 123
9/19/2011 Dishnica, Rick 1
9/19/2011 Henderson, George 3
Comment: *Correspondence with Canyon Club counsel regarding RE Loans Automaic Stay *Correspondence
with Portola borrower regarding Tax appeals
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9/19/2011 Holley, Joshua 1.5
9/19/2011 Rakunas, Ronald 9.1
9/20/2011 Brennan, Mike 0.5
9/20/2011 Brennan, Mike 0.5
9/20/2011 Brennan, Mike 1
9/20/2011 Dakan, Farley 5
9/20/2011 Henderson, George 6.5
9/20/2011 Holley, Joshua 3
9/20/2011 Matthews, Matt 2
Comment: attend bankruptcy hearing on release of TIRZ from estate.
9/20/2011 Rakunas, Ronald 8
9/21/2011 Brennan, Mike 1
9/21/2011 Brennan, Mike 0.2
9/21/2011 Brennan, Mike 0.5
9/21/2011 Dakan, Farley 5
9/21/2011 Dishnica, Rick 0.7
9/21/2011 Henderson, George 5.5
9/21/2011 Holley, Joshua 4
9/21/2011 Rakunas, Ronald 8
Comment : JC Reeves foreclosure, Bravo Marshall / Forestar, DebtX proposal, Land Advisor
proposal, Quintero sale and tax issues, bankruptcy filings. 9/22/2011 Brennan, Mike 1
9/22/2011 Brennan, Mike 0.8
9/22/2011 Brennan, Mike 1.5
Comment: Review of Claims/noticing proposals. Budget modification and review. Circulate budget.
Preparation of Noteholder list for committee formation and discussion of same internally. Discuss formation
of modified website.
Comment: Review modification to Alix agreement. Review and comment on standard Noteholder letter and
process for Lend Inc. response. Update call with Counsel and colleagues on transition.
Comment: Team discussions-various items
Comment: *Correspondence with Wells regarding DIP accounts *Created website for RE Loans Bankruptcy
reporting
Comment: JC Reeves foreclosure. Print, review and sign docs related to JC Reeves foreclosure. Overnight DOT
transfer docs. Status update with Dan Freeman. Status update with Chelsea Ausland. Status update with Ron
Rakunas re DebtX, Land Advisors, Chelsea and other brokers to be engaged. Also discussed status of Bravo
Marshall TIRZ transaction.
Comment: Email correspondence and communication
Comment: Property insurance call-Sibert agency
Comment: Email correspondence and communication-various
Comment: *Correspondence with Stutman regarding Noteholder address changes *Correspondence with
Wells Fargo regarding DIP accounts
Comment: Email correspondence with Farley Dakan. Phone call with Farley Dakan re Triple S Ranch counter
offer, Pecos Creek asset level expenditures, signatory authority and ability to engage asset level counsel.
Follow up with title company re Bravo Marshall utility bills. Phone conversation with Farley re. Friday motions
and specifically the TIRZ motion. Email correspondence with Andy Vanbuskirk re Friday's motion to release
TIRZ. Email correspondence with and discussions around Triple S counter offer with Jeff Feeney (broker for
triple S).
Comment: 2.0 Document review and calls regarding Debt X and Land Advisors proposals and listing
agreements. 1.0 Document review and preparation for Bravo Marshall BK hearing. 2.0 Bravo Marshall BK
hearing. .4 Calls with Forestar re Bravo Marshall BK hearing and terms of closing. .6 Calls re AABW LOTT sale,
litigation and other issues. 1.0 Document review and calls re AABW tax appeal. 1.0 Calls and document review
re Moses Point sale.
Comment: Property tax appeal discussions: Altus
Comment: Email correspondence and communication-various
Comment: Email correspondence with Marc Bailes. Discussion around asset valuation on Portland and Ysabel
assets. Determine new process for accepting and reviewing CA's / vetting of potential recap partners.
Barrington utility review. Pecos security invoices review and American Fence replacement invoice.
Comment: .5 Quintero Tax Appeal review and calls. .8 AABW review and calls sale of tanks, LOTT, property
management. 1.8 Document review and calls regarding 2718 litigation, specifically Wadsworth, Martydm,
and FL DEP. 2 Document review and calls in preparation for Bravo Marshall BK hearing. 1 Document review
and calls regarding upcoming Forestar closing. 1.5 Debt X and Land Advisors listings calls and document
review. 1.5 Document review and calls re Quintero and Moses Point sales.
Comment: Property management-Lochenheath water system
Comment: Property foreclosoure planning and execution: JC Reeves
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 109 of 123
9/22/2011 Dakan, Farley 3
9/22/2011 Dishnica, Rick 2
9/22/2011 Henderson, George 7
9/22/2011 Holley, Joshua 3
9/22/2011 Rakunas, Ronald 8
Comment : Moses Point PSA, Rancho Las Flores litigation and water issues, Recapitalization
discussions, Santa Ysabel, Acanto, bankruptcy filings. 9/23/2011 Brennan, Mike 1
9/23/2011 Brennan, Mike 0.2
9/23/2011 Brennan, Mike 1.3
9/23/2011 Dakan, Farley 4
9/23/2011 Henderson, George 2
9/23/2011 Holley, Joshua 1.4
9/23/2011 Matthews, Matt 4.5
Comment : touring existing houses and meeting with occupants. Met with Shawn Bucklin and
provided property tour and overview of surrounding comparable projects.
9/23/2011 Rakunas, Ronald 7
9/26/2011 Brennan, Mike 1
9/26/2011 Brennan, Mike 0.5
9/26/2011 Brennan, Mike 0.5
9/26/2011 Dakan, Farley 3.8
9/26/2011 Dishnica, Rick 0.9
9/26/2011 Henderson, George 3
9/26/2011 Holley, Joshua 2.5
9/26/2011 Rakunas, Ronald 8.2
9/27/2011 Brennan, Mike 1
Comment: *Phone call to Gardere regarding Debtor Interview and preparation of schedule *Phone call to JK
regarding asset level issues *Prepared vendor notification letter *Prepared Outstanding Check letter for Wells
Fargo
Comment: Review email from weekend and previous week. Email correspondence with Marc Hines / Don
Corliss re. WF lien status. Email with Jim Dignan re. confidentiality agreement for new prospective buyer on
Moses Point. Download new Filings and Upload to ShareVault Email correspondence with Chelsea Ausland.
Update and status call with Matt Matthews re Georgetown and Barrington. Review cancellation of contract
document from Jeff Feeney and have Falrey execute. Scan and email back to Feeney. Email Correspondence
and phone conversation with Andy Vanbuskirk re status of BK and impact on Forestar transaction.
Comment: BK document review and preparation. Calls regarding various assets. Review and update of various
pricing strategies on assets.
Comment: Email correspondence and communication-various
Comment: Conference calls with Ron Rakunas and Greg Jones to discuss process for application for
employment. Discussions with Ron Rakunas re. employment of DebtX, LA and individual brokers. Discussion of
listing price per asset and general strategy re. disposition of assets.
Comment: 2.0 Recapitalization discussion. 3.0 Document review and calls re Debt X and Land Advisors
proposals. .5 Document review and calls re Moses Point sale. 1.5 Document review and calls re AABW LOTT
sale and other sale opportunities.
Comment: Email correspondecne and communication-various properties
Comment: Property management-Carlton hotel FB agrremnt convenant work
Comment: Property tax management call-Altus updates
Comment: Define new accounting Review preliminary draw request Budget/Variance review Reporting
Comment: *Created bankruptcy communication letter *Phone call with JK and JW *Wells Fargo Bank account
set-up *Website set-up *Meeting with Focus Realty regarding Feenune/NV Engery issue
Comment: Discuss process and procedures related to back office and ongoing business operations. Delegation
of responsibility, etc. Contact with all brokers to inquiry about conflict check. Organization of all docket filings
and upload to data room. Follow up on JC Reeves foreclosure. Provide access to data room for new users.
Discussion with vendors re. pre-petition expenses and post-petition services.
Comment: Email correspondence and communication-various
Comment: Property foreclosure updates-JC Reeves, Jack's Ranch
Comment: Property tax suit discussions-Legal and Altus-Acanto
Comment: *Wells fargo bank accounts *Canceled outstanding checks
Comment: Property foreclsoure execution-Various
Comment: Update meeting on budget and process with colleagues. Review outstanding payables and
forecasted amounts.
Comment: Review declarations for status hearing. Conf call with colleagues on updates to model and
schedules. Review of model and reports.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 110 of 123
9/27/2011 Brennan, Mike 1.5
9/27/2011 Dakan, Farley 4.2
9/27/2011 Henderson, George 6
9/27/2011 Holley, Joshua 2.5
Comment: Phone conversation with Tami Barrows re appraisals. Email correspondence and discussion with
team re appraisals and properties which should be of focus. Email correspondence with Jim Dignan re Moses
Point. Received CA. Review, sign, and return CA. Provide updated information on Moses point to Dignan /
buyer. Review LakeView draw and approve draw to be funded by Vincent. Email with Ron Rakunas and
Chelsea Ausland re bulk offer on Reeves portfolio.
Comment: Property insurance research and communication-all properties
Comment: *Preparation for Debtor Interview
Comment: Review current appraisals and coordinate WF request for updates. Review modifications to DebtX
proposal. Discuss process with colleagues and counsel.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 111 of 123
9/27/2011 Rakunas, Ronald 10.1
9/28/2011 Brennan, Mike 0.5
9/28/2011 Brennan, Mike 0.5
9/28/2011 Dakan, Farley 5.8
9/28/2011 Henderson, George 10
9/28/2011 Holley, Joshua 1.5
9/28/2011 Rakunas, Ronald 9.4
9/29/2011 Brennan, Mike 1
9/29/2011 Brennan, Mike 0.5
9/29/2011 Dakan, Farley 2.6
9/29/2011 Holley, Joshua 4
9/29/2011 Rakunas, Ronald 8.5
9/30/2011 Brennan, Mike 0.5
9/30/2011 Brennan, Mike 1
9/30/2011 Brennan, Mike 0.5
9/30/2011 Dakan, Farley 1.8
9/30/2011 Dishnica, Rick 0.4
9/30/2011 Holley, Joshua 3.5
9/30/2011 Rakunas, Ronald 8
323.10
Comment: AABW LOTT discussions and document review. Debt X and Land Advisors discussions and document
review. Recap discussions and document review and preparation. BK document preparation.
Sub Total:
Comment: Rancho litigation issues. Recap document preparations and discussions. BK document preparation
and process overview. Discussion re LOTT sales issues at AABW
Comment: Email correspondence and communication-various
Comment: Property foreclsoure planning updates: JC Reeves, Jack's Ranch
Comment: Property insurance certificates update work-various
Comment: Status update call with colleagues on documents and financial model updates and review of same.
Comment: Renegotiate fence renewal at Pecos Creek and provide copy of the check to American Fence.
Discussions with American Fence, Focus Real Estate to install new fence to secure property. Phone calls with
Secure Tek to secure property while fence is not intact. Download docket filings and load into data room.
Upload last two months reporting packages to data room. Provide document dump to J. Dignan re Moses
Point. Review email correspondence from counsel on Rancho Las Flores litigation. Email to Chelsea Ausland to
explain new compensation structure. Discussions and emails with Don Corliss re JC Reeves transaction. Access
to data room for FTI. Model to Kelly Jones.
Comment: Email correspondence with Jim DIgnan, Farley Dakan, Jim Weissenborn, Don Corliss, Dan Freeman,
Chelsea Ausland and George Henderson.
Comment: Discussion re AABW issues, including LOTT transaction, entitlement and other marketing issues.
Rancho Las Flores litigation discussion. Moses Point discussions and document review regarding potential sale
to borrower or other alternatives. Land Advisors documents and calls. BK document review and preparation.
Comment: Email correspondence and communication-various
Comment: Propery loan modification work-Cottonwood Hills
Comment: Review of financial model and DIP budget with colleagues. Discussion with colleagues regarding
foreclosure action on JC Reeves. Approval of funds regarding development agreement at Pecos Creek. Call
with counsel regarding methodology and document verification of liens and security interests of all entities.
Comment: Review email correspondence from Tues/Wed. Download docket reports and load into ShareVault.
Review and update data room security settings for Level I users. Print and execute CA from DK Partners. Add
DK partners to sharevault. Add FTI new member to Sharevault and contact list. Email correspondence
w/Chelsea Ausland. Review offer and compare to model. Discuss viability of offer and logistics of contract.
Email cancellation of contract to Adam Green (Triple S Ranch) Direct Don Corliss to draft up JC Reeves
contract and outline terms of deal. Review and mail checks from recent draw. Direct Jim Dignan in data room
and dd on Moses Point. Provide Vantage Lofts report to Farley. Print and review application to employ
brokers.
Comment: BK documents and process issues. Foreclosure discussions regarding various assets. JC Reeves
discussion regarding foreclosure and subsequent listing. Recap discussions. Adjusting model for
recapitalization discussions as well as asset level issues. Various litigation issues such as Rancho Las Flores
and 2718.
Comment: Email correspondence and communication-various
Comment: Property tax reporting-Altus: various
Comment: Update call with management/counsel on Trustee Interview. Meeting with colleagues regarding
asset dispositions. Call with colleagues regarding report deadline to lender. Prepare/Review reporting
package.
Comment: *Preparation for debtor interview *Debtor interview in Dallas *Phone call with FTI
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 112 of 123
Date Employee Hours
9/13/2011 Brennan, Mike 1
9/14/2011 Brennan, Mike 0.5
9/14/2011 Dakan, Farley 8
9/14/2011 Weissenborn, Jim 0.5
9/14/2011 Weissenborn, Jim 0.5
9/14/2011 Weissenborn, Jim 0.4
9/14/2011 Weissenborn, Jim 0.4
9/14/2011 Weissenborn, Jim 0.3
9/15/2011 Brennan, Mike 1
9/15/2011 Dakan, Farley 5
9/15/2011 Weissenborn, Jim 0.4
9/15/2011 Weissenborn, Jim 2
9/16/2011 Brennan, Mike 0.5
9/16/2011 Dakan, Farley 4
9/16/2011 Weissenborn, Jim 3.4
9/16/2011 Weissenborn, Jim 3
9/16/2011 Weissenborn, Jim 1.5
9/16/2011 Weissenborn, Jim 0.8
9/19/2011 Dakan, Farley 1
9/19/2011 Weissenborn, Jim 0.2
9/19/2011 Weissenborn, Jim 0.8
9/19/2011 Weissenborn, Jim 1
9/19/2011 Weissenborn, Jim 0.2
9/19/2011 Weissenborn, Jim 1
9/20/2011 Brennan, Mike 0.5
9/20/2011 Dakan, Farley 2
Comment: Review motion modification regarding las colinas and forestar. Prepare/review/discuss RE Reno
admin expenses
Comment: Review confidentiality agreement
Comment: Review terms for stipulation to resolve objections to DIP financing for Vantage Lofts and discuss
with colleagues
Comment: Review and discuss US Trustee meeting guidelines
Comment: Discuss with EK latest noticing and claims proposals
Comment: Review, discuss and sign revised Ratification Agreement
Comment: Property tax obligation summary development-various
Comment: Prepare DIP budget for modified amounts. Discuss new DIP bank accounts with staff and
colleagues.
Comment: Preparation with Gardere/J. Krause regarding first date hearing
Comment: Document prep-tax files
Comment: First day hearing preparation
Comment: First day hearings
Comment: Review of hearings/redraft of motions
Comment: Review of claims/noticing proposals
Comment: Review U.S. Trustee interview materials
Comment: Review blog sites an discuss with colleagues communications response
Comment: Discuss with colleagues various bank account issues
Comment: Discussion with J. Krause Nunn venue question
Comment: RE Loans team discussions-BK
Comment: Discuss with EK noticing issues
Comment: Review of declaration for first day hearings. Provide documentation and comment to counsel on
memo. Review Noteholder letter for filing. Discuss with colleagues modifiction of pending foreclosures.
Comment: First Day hearing preparation with counsel and first day hearing.
Activity: Case Administration
Comment: Case notification calls various properites
Comment: Case notification calls various properties
Comment: Review and discuss Dow Jones Newswire response
Comment: Call with counsel on necessary backup and review of filing documents. Discussion with vendors and
local counsel on filing. Production of petition regarding petition to local counsel for pending transactions.
Coordinate with counsel on production of information for first day hearings. Review of trustee interview
documents and requirements.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 113 of 123
9/20/2011 Weissenborn, Jim 0.2
9/20/2011 Weissenborn, Jim 0.3
9/20/2011 Weissenborn, Jim 0.3
9/20/2011 Weissenborn, Jim 0.3
9/20/2011 Weissenborn, Jim 0.7
9/21/2011 Brennan, Mike 0.5
9/21/2011 Dakan, Farley 2
9/22/2011 Dakan, Farley 2
9/22/2011 Weissenborn, Jim 1
9/22/2011 Weissenborn, Jim 2.5
9/22/2011 Weissenborn, Jim 3.5
9/23/2011 Dakan, Farley 2
9/23/2011 Weissenborn, Jim 0.4
9/23/2011 Weissenborn, Jim 0.3
9/26/2011 Dakan, Farley 1.7
9/26/2011 Weissenborn, Jim 0.4
9/27/2011 Brennan, Mike 1
9/27/2011 Dakan, Farley 1.6
9/27/2011 Weissenborn, Jim 1.5
9/27/2011 Weissenborn, Jim 0.5
9/28/2011 Brennan, Mike 1.5
9/28/2011 Dakan, Farley 2.4
9/29/2011 Brennan, Mike 0.5
9/29/2011 Dakan, Farley 2.5
9/29/2011 Weissenborn, Jim 0.4
9/30/2011 Brennan, Mike 1
9/30/2011 Dakan, Farley 1.2
72
Date Employee Hours
9/14/2011 Weissenborn, Jim 0.4
Comment: Call with colleagues regarding status hearing. Discuss claims admin and noticing changes to staff
and colleagues.
Comment: Prep for committee conf call. Review of model with colleagues. Committee conf call.
Comment: Status hearing. Meeting with counsel regarding declarations.
Sub Total:
Activity: Cash Management
Comment: Trustee Interview
Comment: Case notification and discussions: Weyrich HOA
Comment: preparation and review of follow up items requested by UST
Comment: Administration/time
Comment: Team phone calls on BK update
Comment: review of work product from counsel regarding security interest in REO and Notes Receivable for
incorporation into declaration. Status update call with counsel and colleagues on disposition timing, reporting,
and case admin
Comment: Administration/time
Comment: BK Taxing authority stay notice work-all properties
Comment: Prepare ordinary course professional budget/lists/schedules Prepare outline for interview
Comment: Review materials and discuss with F. Dakan preparation for US Trustees meeting
Comment: Review Mackinac Partners function outline
Comment: Trustee interview support-Property insurance validation
Comment: Review US Trustee interview package and preliminary schedules
Comment: Preparation for OCC introduction call
Comment: OCC introduction call
Comment: Review of reporing package formats
Comment: Review of form of stipulation regarding plaintiff time extension
Comment: Review Trustee requirements for MORs Prepare templates for MORs
Comment: Call with colleagues regarding Bravo/Barrington bankruptcy order
Comment: Discuss with colleagues latest FBI investigation developments
Comment: Discuss with colleagues proposed meeting of RE Reno members
Comment: Discuss with colleagues new informational website
Comment: Discuss with WFCF and colleagues issues with post-petition bank accounts
Comment: Case notification and discussions: Weyrich-Carlton
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 114 of 123
9/15/2011 Weissenborn, Jim 1
9/15/2011 Weissenborn, Jim 1.2
9/15/2011 Weissenborn, Jim 0.5
9/16/2011 Weissenborn, Jim 1.1
9/19/2011 Weissenborn, Jim 0.8
Comment: Review and discussion of Joint Stipulation regarding interim DIP order
Comment: Review terms for stipulation to resolve objections to DIP financing for Vantage Lofts and discuss
with colleagues
Comment: Discuss with colleagues various bank account issues
Comment: Review DIP loan, employment declarations
Comment: Discussion with J. Krause/Gardere regarding Gibbs objectives to interim DIP order
Comment: Review draft of Joint Stipulaton regarding interim DIP order
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 115 of 123
9/29/2011 Weissenborn, Jim 1.3
9/30/2011 Weissenborn, Jim 0.8
9/30/2011 Weissenborn, Jim 1.2
8.3
Date Employee Hours
9/21/2011 Weissenborn, Jim 0.3
9/29/2011 Weissenborn, Jim 0.2
0.5
Date Employee Hours
9/27/2011 Weissenborn, Jim 1
1
Date Employee Hours
9/15/2011 Weissenborn, Jim 0.3
9/20/2011 Weissenborn, Jim 0.9
9/21/2011 Weissenborn, Jim 0.5
1.7
Date Employee Hours
9/13/2011 Holley, Joshua 2
9/14/2011 Holley, Joshua 2
9/15/2011 Holley, Joshua 1.5
9/19/2011 Holley, Joshua 1.1
9/20/2011 Holley, Joshua 0.5
9/21/2011 Holley, Joshua 1.2
9/22/2011 Holley, Joshua 2
9/29/2011 Holley, Joshua 2.5
12.8
Date Employee Hours
9/28/2011 Weissenborn, Jim 1
1
Date Employee Hours
9/20/2011 Brennan, Mike 0.5
9/21/2011 Brennan, Mike 1
9/22/2011 Brennan, Mike 0.5
9/26/2011 Holley, Joshua 1
9/27/2011 Holley, Joshua 0.3
Comment: Property tax sumamry development-Acanto legal
Comment: Organize, format and review document tracking template for review of WF lien status.
Activity: Development of Cash Projections
Comment: Review revised budgets
Sub Total:
Activity: Document Generation
Comment: Property tax authority notice work-all
Comment: Property tax appeal worksheet development-All
Activity: Data Analysis
Comment: Model preparation for distribution to MHR. Email exchange with Farley.
Comment: Model review and prep for MHR Call. Review sensitivities and varying discount rates.
Comment: Update and print asset / portfolio stratification(s) in preparation for creditor committee call. Asset
level analytic review to prepare for creditor committee call. Review of recent closings and progress toward
$25mm amortization. Update REO listing status stratification.
Comment: Update financial model for FTI. Update and review 12 month BK Budget.
Sub Total:
Sub Total:
Activity: Creditor Requests
Comment: Discuss with colleagues noteholder inquiries regarding hearing
Comment: Review of distributions to noteholders for submission to UST and discuss with colleagues
Comment: Call with colleagues with respect to various noteholder inquiries and proposed response
Sub Total:
Activity: Claims Administration and Objections
Comment: Review of revised noticing/claims contract
Comment: Discussion of Pend Oreilli lien issues
Sub Total:
Activity: Contracts
Comment: Discuss contract issues with colleagues
Comment: Review and discussion of updated bankruptcy budget
Comment: Review and discussion of cash collateral order
Comment: Discussion of latest marketing and expenditure activity
Sub Total:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 116 of 123
9/28/2011 Brennan, Mike 0.5
9/28/2011 Holley, Joshua 0.3
9/29/2011 Holley, Joshua 1
5.1
Date Employee Hours
9/15/2011 Holley, Joshua 2
9/16/2011 Holley, Joshua 1
9/19/2011 Holley, Joshua 2.4
9/20/2011 Holley, Joshua 1.4
9/21/2011 Holley, Joshua 0.8
9/22/2011 Holley, Joshua 0.6
9/25/2011 Holley, Joshua 0.8
9/26/2011 Holley, Joshua 1.6
9/27/2011 Holley, Joshua 0.5
11.1
Date Employee Hours
9/17/2011 Weissenborn, Jim 0.6
9/19/2011 Weissenborn, Jim 0.7
9/22/2011 Weissenborn, Jim 0.3
9/22/2011 Weissenborn, Jim 0.3
9/23/2011 Weissenborn, Jim 0.5
9/27/2011 Weissenborn, Jim 0.5
9/27/2011 Weissenborn, Jim 0.5
9/27/2011 Weissenborn, Jim 0.5
3.9
Date Employee Hours
9/15/2011 Dakan, Farley 1
9/16/2011 Dakan, Farley 1
Comment: Conf call with MHR Fund Mgmt on term sheet. Discussion with Davidson Kempner regarding
potential financing.
Comment: Review Land Advisors contracts
Comment: Review JAW contract
Sub Total:
Activity: Financing
Comment: Preparation of interim DIP budget for first day hearings.
Comment: Review revised employment order
Comment: Revised revised Debt X engagement letter and listing prices
Comment: Review revised Debt X proposal
Comment: Review revised Land advisor proposal
Comment: Review of application and declaration to employ brokers
Comment: Review Debt X contracts
Comment: Review Moses Point collateral schedule in lieu of expressed interest from Jim Dignan. Review and
provide feedback on letter to vendors circulated by George.
Comment: Review Las Colinas appraisal. Review valuation for Las Colinas and declaration to effectuate
transaction.
Comment: Review application to employ brokers, declaration of Farley Dakan, etc. Review Land Adviser's
amended proposal.
Comment: Review amended DebtX proposal provided by Jeff Cantor on 9/27.
Sub Total:
Activity: Fee / Employment Applications
Sub Total:
Activity: Due Diligence
Comment: Email exchange with Greg Jones re 1. Bravo Marshall order 2. Current listing status on all listed
REO. Information on agents. 3. Detail on JC Reeves.
Comment: Review Fulcrum CA. Review Bravo Marshall DOT and Trustee Sale Guarantee docs for Capital
Salvage. Review recent closing data w/George Henderson.
Comment: Review Desist and Refrain Order Research past due tax obligation for Las Colinas. Call with Mike
Brennan. Email exchange with Pam (Altus). Review Bravo Marshall motion to finalize TIRZ transaction. Review
Weissenborn/Dakan declaration of Bravo transaction.
Comment: Review plan provided by debtors of Vantage Lofts.
Comment: Creation of commission structure chart to summarize compensation due to brokers and Land
Advisors on joint representation.
Comment: Property insurance summary report-team
Comment: Review and update strats to send to Jim in preparation for FTI meeting.
Comment: Create working group list to distribute to FTI. Draft response letter to Dan Freeman re Pecos Creek
channel lining settlement.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 117 of 123
9/20/2011 Dakan, Farley 1.5
9/20/2011 Weissenborn, Jim 0.5
9/21/2011 Weissenborn, Jim 0.3
9/22/2011 Dakan, Farley 2
9/23/2011 Weissenborn, Jim 0.7
9/26/2011 Dakan, Farley 0.7
9/27/2011 Weissenborn, Jim 1
9/27/2011 Weissenborn, Jim 0.5
9/29/2011 Dakan, Farley 3
9/29/2011 Weissenborn, Jim 0.9
9/30/2011 Dakan, Farley 0.9
9/30/2011 Weissenborn, Jim 1.1
9/30/2011 Weissenborn, Jim 0.3
9/30/2011 Weissenborn, Jim 0.7
16.1
Date Employee Hours
9/17/2011 Weissenborn, Jim 0.4
9/17/2011 Weissenborn, Jim 0.8
9/19/2011 Weissenborn, Jim 0.9
9/19/2011 Weissenborn, Jim 0.5
9/20/2011 Weissenborn, Jim 1
9/23/2011 Dakan, Farley 2
9/23/2011 Weissenborn, Jim 0.2
9/27/2011 Weissenborn, Jim 0.5
9/29/2011 Weissenborn, Jim 0.3
9/29/2011 Weissenborn, Jim 0.4
7.0
Date Employee Hours
9/13/2011 Holley, Joshua 1.5
9/14/2011 Holley, Joshua 1
9/15/2011 Dakan, Farley 4
9/15/2011 Holley, Joshua 0.5
Sub Total:
Activity: Meetings / Preparation
Comment: Discussion internally about bankruptcy preparation.
Comment: Review Mortydin complaint
Comment: Review of complaints; discuss Mortydin complaint with colleagues
Comment: Reivew CA Dept. of Corps cease and desist order and discuss with colleagues
Comment: Review and discuss Forestar motion
Comment: Review and discuss SEC subpoena
Comment: Discussion regarding pending SEC subpoena and discussion with SEC counsel
Comment: Call with EK regarding Sienna settlement
Comment: Discussion of Euby Black litigation issues
Comment: Review and discussion of Vantage Lofts Stipulation in Aid of Confirmation fund
Comment: call with MHR regarding DIP/Exit financing.
Comment: Discussion of issues related to continuance of final DIP financing motion
Comment: Review and discussion of interim DIP budget
Comment: Discussion of alternative DIP financing options
Sub Total:
Activity: Litigation
Comment: Discussion of necessary revisions to DIP budget
Comment: Term Sheet review with MHR FInancial Model review with MHR
Comment: Reviewed MHR, DIP and Exit Term Sheets
Comment: Call with MHR to discuss termsheets
Comment: Review of CA from potential lender. Grant access to data room. Conf call with potential lenders
MHR, DK.
Comment: Review and discussion of MHR termsheets
Comment: Conf call with MHR. Discuss interim DIP draw procedures with colleagues.
Comment: Status update call with colleagues. First day hearing preparation.
Comment: Review of SEC subpoena and discussion with colleagues about document production
Comment: Review and discussion regarding DIP budget items
Comment: Review of DIP draw
Comment: Review model and DIP terms. .
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 118 of 123
9/16/2011 Dakan, Farley 3
9/16/2011 Holley, Joshua 1.5
9/19/2011 Dakan, Farley 2
9/19/2011 Holley, Joshua 3
9/20/2011 Dakan, Farley 1.5
9/20/2011 Holley, Joshua 2.5
9/21/2011 Dakan, Farley 2.5
9/21/2011 Holley, Joshua 1.5
9/22/2011 Dakan, Farley 3
9/22/2011 Holley, Joshua 2
9/23/2011 Holley, Joshua 3.5
9/26/2011 Dakan, Farley 1.5
9/26/2011 Holley, Joshua 3
9/26/2011 Koger, Kyle 2
9/27/2011 Dakan, Farley 2.2
9/27/2011 Holley, Joshua 0.5
9/28/2011 Dakan, Farley 0.6
9/29/2011 Holley, Joshua 1.5
9/30/2011 Holley, Joshua 1
45.3
Date Employee Hours
9/20/2011 Weissenborn, Jim 0.8
9/21/2011 Weissenborn, Jim 0.5
Comment: First day hearing update with colleagues. Status update on scheduled asset dispositions.
Comment: Asset disposition status meeting. Prep with counsel on status update hearing.
Comment: Meeting with colleagues on staff changes and go-forward needs and modifications to org
structure.
Comment: Discussions with Rick Dishnica, Ron Rakunas, Greg Jones and Farley Dakan re application(s) to
employ broker(s).
Sub Total:
Activity: Meetings of Creditors
Comment: Review and discussion regarding agenda for Committee introduction call
Comment: Call with colleagues regarding various matters with respect to Committee formation
Comment: Conf Call w/ counsel prep for Trustee Interview Review/prep documents submitted to Trustee
Comment: Review and organize for 9/28 meeting. Conference call with Marc Hines and Don Corliss re. history
of WF lien recordation. Conference call with Gardere re. monthly operating statements and preparation for
trustee interview. Phone conversation with Mike Brennan re. document tracking system and WF lien history.
Conference call with Jeff Krause re status of Vantage Lofts and debtors attempts to consummate a global
resolution. Also discussed Pend Oreille re state litigation, and impact of REL and MF08 filing. Delegation or
responsibility and organization of statements and schedules for Oct 13 and monthly reporting requirements
(first due oct 20).
Comment: Bankruptcy meeting preparation: Built list of Mackinac Partners responsibilities on overall RE Loans
management for upcoming trustee presentation.
Comment: Conversation with Dan Freeman and Farley Dakan re Las Colinas Valuation and allocation of
proceeds.
Comment: Conf call with counsel
Comment: Call with Steve Hammond (FTI). Asset status call with Farley, Rick and Ron.
Comment: Meeting with colleages to review Trustee interview materials.
Comment: Detailed discussions around budget (6 week and 13 week rolling cash flows) in preparation for first
day motions.
Comment: MHR Call on model and cash flows. Call with Lisa Norman for preparation of trustee motion to
abandon TIRZ under Bravo Marshall BK and hearing in Houston, TX. Review Bravo Marshall detail with Ron in
preparation for Tuesday hearing. Multiple calls with Jeff Krause to prepare for Fiday's (9/23) status update
hearing, 9/28 trustee interview and 10/6 hearing.
Comment: Preparation for Bravo Marshall TIRZ hearing. Attend Bravo Marshall hearing.
Comment: Preparation for 9/23 hearing primarily focused on motion to approve Bravo Marshall transaction.
Discussion and preparation re. 9/28 interview with BK court. Preparation of reporting documents.
Comment: Preparation for creditor committee update and introductory call. Discussions re. offer on Moses
Point. Clarify strategy and direction with current interested parties. Additional discussions with Farley
regarding preparation for Sep 28th hearing. Print, organize and review docket reports for Friday hearing
(23rd).
Comment: Preparation for and attend hearing on 9/23.
Comment: Call with colleagues regarding SEC investigation items. Asset status update meeting.
Comment: Meetings with colleagues for status update hearing prep regarding dispositons of Las Colinas and
Forestar.
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 119 of 123
9/21/2011 Weissenborn, Jim 0.5
9/23/2011 Weissenborn, Jim 0.6
9/26/2011 Weissenborn, Jim 0.5
9/26/2011 Weissenborn, Jim 0.3
9/27/2011 Weissenborn, Jim 0.5
9/28/2011 Weissenborn, Jim 1
9/28/2011 Weissenborn, Jim 2
9/29/2011 Weissenborn, Jim 0.5
9/29/2011 Weissenborn, Jim 0.8
8
Date Employee Hours
9/26/2011 Weissenborn, Jim 0.8
9/27/2011 Weissenborn, Jim 1
9/28/2011 Weissenborn, Jim 0.8
2.6
Date Employee Hours
9/14/2011 Weissenborn, Jim 0.6
9/21/2011 Weissenborn, Jim 0.5
1.1
Date Employee Hours
9/13/2011 Holley, Joshua 1
9/14/2011 Holley, Joshua 0.5
1.5
Date Employee Hours
9/15/2011 Weissenborn, Jim 1
1
569.40
Activity: Report / Document Creation
Sub Total:
Activity: Vendor Discussions
Comment: Review notice/claim vendor proposals and discuss with colleagues
Sub Total:
Project Grand Total:
Comment: Discuss revised disclosure statement and POR with colleagues
Sub Total:
Activity: Relief from Stay Proceedings
Comment: Discuss with J. Krause Notice of Stay as it applies to pending litigation
Comment: Review of Notice of Stay and discussion of various matters related thereto
Sub Total:
Comment: Discussion of various Committee issues
Comment: Review and discussion of FTI initial information requests and issues
Sub Total:
Activity: Plan and Disclosure Statement
Comment: Review of Revised Plan
Comment: Review revised Plan of Reorganization
Comment: Discussion of initial committee issues and requests
Comment: Call with colleagues regarding committee FA inquries
Comment: Discussion regarding Committee FA inquiries
Comment: Call with J. Krause regarding Committee confidentiality and communication
Comment: Preparation for introduction call with AG and FTI
Comment: Introduction call with AG and FTI
Comment: Discussion of agenda for Committee call
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 120 of 123
Date Employee Description Amount
9/8/2011 Holley, Joshua One way on United (SFO - AUS) 342
9/8/2011 Holley, Joshua One way on United (AUS - SFO) 515
9/12/2011 Holley, Joshua One way on United (SFO - DEN) 266
9/12/2011 Rakunas, Ronald SNA-OAK-SNA 386
9/13/2011 Henderson, George SFO to CLT 9/23 387
9/14/2011 Henderson, George SFO to CLT 9/15 323
9/14/2011 Holley, Joshua Round Trip on United (SFO - CLT) (9/30) 688
9/14/2011 Holley, Joshua United Change Fee to Denver 150
9/15/2011 Dakan, Farley SFO - AUS 342
9/15/2011 Henderson, George Change Fee 150
9/15/2011 Rakunas, Ronald SNA-DFW-SNA 989
9/19/2011 Holley, Joshua Round Trip on United (AUS - IAH) 509
9/19/2011 Holley, Joshua One way on United (AUS - SFO) 420
9/20/2011 Henderson, George AUS CLT 9/25 to 9/29 648
9/20/2011 Holley, Joshua United Airlines Change Fee 20
9/20/2011 Rakunas, Ronald LAX-IAH-SNA 1,234
9/20/2011 Weissenborn, Jim Detroit, MI - Austin, TX 1,500
9/21/2011 Holley, Joshua One way on Southwest (DAL - AUS) 181
9,049
Date Employee Description Amount
9/8/2011 Holley, Joshua Avis Toll Charge 16
9/15/2011 Dakan, Farley Avis Rental 317
9/21/2011 Holley, Joshua Avis Rental (9/20 - 9/21) 178
9/23/2011 Henderson, George Avis 372
883
Date Employee Description Amount
9/14/2011 Dakan, Farley Parking AUS 60
9/15/2011 Henderson, George Parking at CLT 24
9/20/2011 Holley, Joshua Parking downtown Houston 6
9/21/2011 Holley, Joshua Parking at AUS (9/20 - 9/21) 29
9/23/2011 Henderson, George Parking at CLT 43
9/23/2011 Henderson, George Bay Bridge 6
9/23/2011 Henderson, George Fill up rental car 24
9/23/2011 Holley, Joshua Cab from AUS Airport 51
243
Client Expense Detail by Project and Expense TypeReport Date Range: 9/13/2011 to 9/30/2011
Client / Project: RE Loans / RE Loans
Expense Type: Airfare
Sub Total:
Expense Type: Car Rental
Sub Total:
Expense Type: Gas / Parking / Tolls
Sub Total:
Expense Type: Lodging
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 121 of 123
Date Employee Description Amount
9/13/2011 Rakunas, Ronald Renaissance Walnut Creek 1 night 164
9/13/2011 Dakan, Farley Hotel Lafayette (2 nights) 368
9/14/2011 Henderson, George Renaissance Club Sport 433
9/15/2011 Holley, Joshua Renaissance Hotel (3 nights) 578
9/15/2011 Rakunas, Ronald Lafayette Park Hotel - 2 nights 310
9/15/2011 Dakan, Farley Hotel Dallas - 1 Night 248
9/16/2011 Rakunas, Ronald Magnolia Hotel - 1 night 202
9/17/2011 Weissenborn, Jim Dallas, TX - 1 night 208
9/19/2011 Weissenborn, Jim Austin, TX - 2 nights 550
9/23/2011 Henderson, George Renaissance Club Sport 987
4,049
Date Employee Description Amount
9/12/2011 Henderson, George Lunch 62
9/12/2011 Holley, Joshua Safeway - Food 34
9/12/2011 Holley, Joshua Food - AUS Airport 19
9/12/2011 Rakunas, Ronald Dinner 41
9/13/2011 Henderson, George Lunch 152
9/13/2011 Holley, Joshua Dinner - Farley, Ron and George included 84
9/14/2011 Holley, Joshua Dinner - George included 51
9/14/2011 Holley, Joshua Lunch - Ron, Farley and George included 82
9/15/2011 Henderson, George Lunch 21
9/15/2011 Holley, Joshua Food - SFO Airport 13
9/15/2011 Weissenborn, Jim Stephan Phyles, Dallas 300
9/19/2011 Henderson, George Dinner 8
9/19/2011 Henderson, George Lunch 24
9/20/2011 Henderson, George Lunch 20
9/20/2011 Holley, Joshua Food - AUS Airport 8
9/20/2011 Holley, Joshua Breakfast - Starbucks 9
9/20/2011 Holley, Joshua Lunch - Ron included 54
9/21/2011 Henderson, George Lunch 8
9/22/2011 Holley, Joshua Lunch - Farley and Jim included 30
1,019
Date Employee Description Amount
9/23/2011 Matthews, Matt Drive from Houston to Austin [150.00@$0.5100] 77
9/24/2011 Matthews, Matt Georgetown Site Visit [64.00@$0.5100] 33
109
Date Employee Description Amount
9/20/2011 Brennan, Mike ShareVault File Storage-Montly Chrg (18,978
pgs)
1,580
1,580
Sub Total:
Expense Type: Meals & Entertainment
Sub Total:
Expense Type: Mileage
Sub Total:
Expense Type: Miscellaneous
Sub Total:
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 122 of 123
Date Employee Description Amount
9/12/2011 Rakunas, Ronald Taxi OAK-Lafayette 80
9/14/2011 Dakan, Farley BART ticket to SFO 20
9/15/2011 Holley, Joshua Taxi from DEN airport 76
176
Date Employee Description Amount
9/9/2011 Holley, Joshua Conference Call Service 8
9/16/2011 Holley, Joshua Conference Call Service 52
9/24/2011 Holley, Joshua Conference Call Service 17
77
$17,183
Sub Total:
Report Grand Total:
Expense Type: Taxi / Trains
Sub Total:
Expense Type: Telecommunications (Internet/Cell)
Case 11-35865-bjh11 Doc 413-2 Filed 01/13/12 Entered 01/13/12 18:54:06 Desc Exhibit B Page 123 of 123