Case GLT Doc 774 Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Main Document Page 1 of 8

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1 Case GLT Doc 774 Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Main Document Page 1 of 8

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9 Case GLT Doc Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Cover Sheet Page 1 of 2

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11 Case GLT Doc Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Exhibit A Page 1 of 6 EXHIBIT A Order Authorizing Employment and Retention of FTI, Inc. by the Official Committee of Unsecured Creditors

12 Case GLT Doc Doc Filed Filed 07/14/17 07/25/17 06/23/17 Entered Entered 07/14/17 07/25/17 06/23/17 16:59:53 17:03:57 15:39:18 Desc Desc Main Proposed Document Exhibit Order A Page Page 2 1 of of 16 4of 4 FILED 7/14/17 4:32 pm CLERK IN THE UNITED STATES BANKRUPTCY COURT U.S. BANKRUPTCY FOR THE WESTERN DISTRICT OF PENNSYLVANIA COURT - WDPA In re: ) Case No GLT ) rue21, inc., et al., 1 ) Chapter 11 ) Debtors. ) (Jointly Administered) ) ) OFFICIAL COMMITTEE OF UNSECURED ) CREDITORS, ) ) Related to Dkt. No. 580 Movant, ) ) v. ) ) NO RESPONDENT. ) ) ORDER AUTHORIZING RETENTION OF FTI CONSULTING, INC. AS FINANCIAL ADVISOR FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS Upon the application (the Application ) of the Official Committee of Unsecured Creditors (the Committee ) of the above-captioned debtors and debtors in possession (collectively, the "Debtors"), for an order pursuant to section 1103 of chapter 11 of title 11 of the United States Code (the "Bankruptcy Code"), authorizing them to retain FTI Consulting, Inc., together with its wholly owned subsidiaries ( FTI ) as financial advisor; and upon the Declaration of Samuel Star support of the Application; and due and adequate notice of the Application having been given; and it appearing that no other notice need be given; and it appearing that FTI is not representing any adverse interest in connection with these cases; and it appearing that the relief requested in 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor s federal tax identification number, include: rue21, inc. (1645); Rhodes Holdco, Inc. (6922); r services llc (9425); and rue services corporation (0396). The location of the Debtors service address is 800 Commonwealth Drive, Warrendale, Pennsylvania

13 Case GLT Doc Doc Filed Filed 07/14/17 07/25/17 06/23/17 Entered Entered 07/14/17 07/25/17 06/23/17 16:59:53 17:03:57 15:39:18 Desc Desc Main Proposed Document Exhibit Order A Page Page 3 2 of of 26 4of 4 the Application is in the best interest of the Committee; after due deliberation and sufficient cause appearing therefore, it is hereby ORDERED that the Application be, and it hereby is, granted; and it is further ORDERED that the capitalized terms not defined herein shall have the meanings ascribed to them in the Application; and it is further ORDERED that in accordance with section 1103 of the Bankruptcy Code, the Committee is authorized to employ and retain FTI as of May 23, 2017 as their financial advisor on the terms set forth in the Application; and it is further ORDERED that FTI shall be compensated in accordance with the procedures set forth in sections 328, 330 and 331 of the Bankruptcy Code and such Bankruptcy Rules as may then be applicable, from time to time, and such procedures as may be fixed by order of this court; and it is further ORDERED that, FTI is entitled to reimbursement of actual and necessary expenses, including legal fees related to this retention application and future fee applications but excluding any attorneys fees for defending objections to fee applications, as approved by the court; and it is further ORDERED that FTI shall provide ten business days notice to the Debtors, the U.S. Trustee, and the Committee before any increases in the rates set forth in the Application are implemented and shall file such notice with the Court; and it is further ORDERED that the following indemnification provisions are approved: a. subject to the provisions of subparagraphs (b) and (c) below, the Debtors are authorized to indemnify, and shall indemnify, FTI for any claims arising from, related to, or in connection with the services to be provided 2

14 Case GLT Doc Doc Filed Filed 07/14/17 07/25/17 06/23/17 Entered Entered 07/14/17 07/25/17 06/23/17 16:59:53 17:03:57 15:39:18 Desc Desc Main Proposed Document Exhibit Order A Page Page 4 3 of of 36 4of 4 by FTI as specified in the Application, but not for any claim arising from, related to, or in connection with FTI s post-petition performance of any other services other than those in connection with the engagement, unless such post-petition services and indemnification therefore are approved by this Court; and b. the Debtors shall have no obligation to indemnify FTI for any claim or expense that is either (i) judicially determined (the determination having become final) to have arisen primarily from FTI s gross negligence, willful misconduct or fraud unless the Court determines that indemnification would be permissible pursuant to In re United Artists Theatre company, et al., 315 F.3d 217 (3d Cir. 2003), or (ii) settled prior to a judicial determination as to FTI's gross negligence, willful misconduct or fraud, but determined by this Court, after notice and a hearing, to be a claim or expense for which FTI is not entitled to receive indemnity under the terms of this Application; and c. if, before the earlier of (i) the entry of an order confirming a chapter 11 plan in this case (that order having become a final order no longer subject to appeal), and (ii) the entry of an order closing this chapter 11 case, FTI believes that it is entitled to the payment of any amounts by the Debtors on account of the Debtors indemnification obligations under the Application, including, without limitation, the advancement of defense costs, FTI must file an application in this Court, and the Debtors may not pay any such amounts to FTI before the entry of an order by this Court approving the 3

15 Case GLT Doc Doc Filed Filed 07/14/17 07/25/17 06/23/17 Entered Entered 07/14/17 07/25/17 06/23/17 16:59:53 17:03:57 15:39:18 Desc Desc Main Proposed Document Exhibit Order A Page Page 5 4 of of 46 4of 4 payment. This subparagraph (c) is intended only to specify the period of time under which the Court shall have jurisdiction over any request for fees and expenses by FTI for indemnification, and not as a provision limiting the duration of the Debtors obligation to indemnify FTI; and it is further ORDERED that this court shall retain jurisdiction with respect to all matters arising or related to the implementation of this order. Dated:, John 2017 Gotaskie, Esq. Honorable Gregory L. Taddonio July 14,

16 Case Case GLT Doc Doc Filed Filed 07/14/17 07/25/17 Entered 07/14/17 07/25/17 16:59:53 17:03:57 Desc Desc BNC PDF Notice: Exhibit Notice A Recipients Page 6 of 6Page 1 of 1 Notice Recipients District/Off: User: mgut Date Created: 7/14/2017 Case: GLT Form ID: pdf900 Total: 19 Recipients submitted to the BNC (Bankruptcy Noticing Center) without an address: crcm Official Committee of Unsecured Creditors of rue21, inc., Rhodes Holdco, Inc., r services, llc, and rue services corporation TOTAL: 1 Recipients of Notice of Electronic Filing: ust Office of the United States Trustee ustpregion03.pi.ecf@usdoj.gov aty Eric A. Schaffer eschaffer@reedsmith.com aty Heather A. Sprague on Behalf of the United States Trustee by Heather.Sprague@usdoj.gov aty Jared S. Roach jroach@reedsmith.com aty John R. Gotaskie, Jr. jgotaskie@foxrothschild.com TOTAL: 5 Recipients submitted to the BNC (Bankruptcy Noticing Center): crcm Fox Rothschild LLP 500 Grant St. Ste Pittsburgh, PA crcmch Cooley LLP 1114 Avenue of the Americas New York, NY aty A. Katrine Jakola Kirkland & Ellis LLP 300 North LaSalle Chicago, IL aty Cathy Hershcopf Cooley LLP 1114 Avenue of the Americas New York, NY aty George Klidonas Kirkland & Ellis LLP 601 Lexington Avenue New York, NY aty Jay Indyke Cooley LLP 1114 Avenue of the Americas New York, NY aty Jeffrey M. Schlerf Fox Rothschild LLP 919 North Market Street Suite 300 Wilmington, DE aty Jonathan S. Henes Kirkland & Ellis LLP 601 Lexington Avenue New York, NY aty Lauren Reichardt Cooley LLP 1114 Avenue of the Americas New York, NY aty Michael Klein Cooley LLP 1114 Avenue of the Americas New York, NY aty Robert A. Britton Kirkland & Ellis, LLP 601 Lexington Avenue New York, NY aty Seth Van Aalten Cooley LLP 1114 Avenue of the Americas New York, NY aty Shireen A. Barday Kirkland & Ellis LLP 601 Lexington Avenue New York, NY TOTAL: 13

17 Case GLT Doc Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Exhibit B Page 1 of 3 EXHIBIT B Summary of Time and Services

18 Case GLT Doc Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Exhibit B Page 2 of 3 SUMMARY OF HOURS BY PROFESSIONAL Professional Position Billing Rate Total Hours Total Fees Emrikian, Armen Senior Managing Director $ $29, Imhoff, Dewey Senior Managing Director 1, , Joffe, Steven Senior Managing Director 1, , Simms, Steven Senior Managing Director 1, , Star, Samuel Senior Managing Director 1, , Henn, Bradley Managing Director , Schleeter, Timothy Managing Director , Talarico, Michael J Managing Director , Eisler, Marshall Director , Vinton, Adam Director Carlson, Andrew Senior Consultant , Cheng, Earnestiena Senior Consultant , Mossop, Julian Senior Consultant , Chiun, Clement Consultant , Kuan, Michelle Consultant , McCaskey, Morgan Consultant , Sadler, Eric Consultant , Hellmund-Mora, Marili Associate , SUBTOTAL 1, , Less: 50% discount for non-working travel time (7,044.50) Less: Voluntary Reduction 11 (40,000.00) GRAND TOTAL 1,078.1 $630, Reflects voluntary reduction in the exercise of our billing discretion

19 Case GLT Doc Filed 07/25/17 Entered 07/25/17 17:03:57 Desc Exhibit B Page 3 of 3 SUMMARY OF HOURS BY TASK Task Code Task Description Total Hours Total Fees 1 Current Operating Results & Events 85.4 $ 52, Cash & Liquidity Analysis , Financing Matters (DIP, Exit, Other) , Analysis of Business Plan , Valuation and Related Matters , Analysis of Employee Compensation Programs 8.2 6, Analysis of Tax Issues 9.4 7, Analysis of SOFAs & SOALs , Analysis of Other Miscellaneous Motions , POR & DS - Analysis, Negotiation and Formulation , Case Management , General Meeting with Debtor & Debtors' Professionals , General Meetings with Committee & Committee Counsel , Firm Retention , Preparation of Fee Application 5.2 1, Travel Time , SUBTOTAL 1, , Less: 50% discount for non-working travel time (7,044.50) Less: Voluntary Reduction 1 (40,000.00) GRAND TOTAL $ 630, Reflects voluntary reduction in the exercise of our billing discretion

20 Exhibit C Page 1 of 43 EXHIBIT C Detailed Summary of Time by and Professional

21 Exhibit C Page 2 of /24/2017 Eisler, Marshall 0.7 Evaluate draft flash report in order to prepare exhibit for the UCC. 1 5/24/2017 Schleeter, Timothy 0.3 Analyze flash report re: sales and margin trends for Committee update. 1 5/24/2017 Schleeter, Timothy 0.5 Review monthly operational metrics to be included in the business plan analysis presentation to the Committee. 1 5/25/2017 Schleeter, Timothy 1.1 Prepare operational metrics to be included in presentation for Committee. 1 5/25/2017 Schleeter, Timothy 0.9 Prepare due diligence questions re: operating metrics for Debtors. 1 5/25/2017 Star, Samuel 0.6 Develop flash report template for sales and other operating metrics. 1 5/26/2017 Eisler, Marshall /26/2017 Sadler, Eric /26/2017 Sadler, Eric /26/2017 Star, Samuel /27/2017 Eisler, Marshall 1.8 Prepare exhibit showing the budget-to-actual cash flow variance to be presented to the UCC. Review weekly sales and gross margin trends for keeper stores and e- commerce for UCC Report. Prepare gross margin trend analysis for keeper stores and for e-commerce for UCC Report. Review sales and gross margin trends by category and list questions for call with Company. Incorporate updates into preliminary diligence lists to be sent to the Debtor re: cure costs and variance reporting. 1 5/27/2017 Schleeter, Timothy 0.8 Implement changes to Flash Report for Committee. 1 5/27/2017 Star, Samuel 0.5 Review latest inventory appraisal report. 1 5/28/2017 Sadler, Eric 2.2 Prepare sales trend analysis for keeper stores and for e-commerce for UCC Report. 1 5/28/2017 Star, Samuel 0.4 Review analysis of keeper stores and e-commerce sales and margin trends. 1 5/29/2017 Sadler, Eric /30/2017 Sadler, Eric 2.8 Prepare gross margin trend analysis for keeper stores and e-commerce for the UCC Report. Prepare sales trend analysis for keeper stores and for e-commerce for UCC Report. 1 5/30/2017 Sadler, Eric 1.2 Review updated flash report re: sales and margin trends. 1 5/30/2017 Schleeter, Timothy 0.6 Update operational flash report for Committee. 1 5/31/2017 Sadler, Eric /31/2017 Sadler, Eric 1.2 Update UCC Report re: gross margin trend analysis for keeper stores and e- commerce. Continue to update UCC Report re: sales trend analysis for keeper stores and e-commerce. 1 5/31/2017 Sadler, Eric 0.3 Review debt pricing in preparation for meeting with the UCC. 1 5/31/2017 Schleeter, Timothy 1.7 Review historical operating results by month, quarter and year to date. 1 5/31/2017 Star, Samuel 0.4 Revise weekly sales and gross margin trend analysis for UCC report. 1 of 42

22 Exhibit C Page 3 of /31/2017 Star, Samuel /31/2017 Star, Samuel 0.9 Review updated sales and gross margin trend analysis for keeper stores and e-commerce. Review analysis of 13-week cash forecast and liquidity, including recent budget to actual results for UCC report. 1 6/1/2017 Eisler, Marshall 2.2 Prepare for call with Debtors' CMO to discuss merchandising strategy. 1 6/1/2017 Mossop, Julian 1.3 Revise Committee update presentation re: sales and gross margin trends, cash budget, DIP financing and other 1st day motions. 1 6/2/2017 Eisler, Marshall 0.8 Participate in call with Debtors CMO re: merchandising. 1 6/2/2017 Eisler, Marshall 1.4 Analyze additional operating data as posted in the data room. 1 6/2/2017 Eisler, Marshall 1.2 Prepare summary of call with CMO. 1 6/2/2017 Sadler, Eric 1.5 Update sales and margin trend analysis for UCC presentation. 1 6/2/2017 Schleeter, Timothy 1.4 Review new operational metrics: inventory, e-commerce, and stores. 1 6/2/2017 Schleeter, Timothy 0.8 Review new merchandising strategy with CMO and BRG. 1 6/5/2017 Cheng, Earnestiena 1.0 Review comments from management re: supply chain diligence questions. 1 6/6/2017 Sadler, Eric 2.8 Prepare budget to actual variance analysis for UCC report. 1 6/6/2017 Sadler, Eric 1.4 Continue to prepare budget variance analysis for UCC report. 1 6/6/2017 Sadler, Eric /7/2017 Eisler, Marshall 2.3 Update sales trend and margins analysis re: keeper stores and e-commerce for UCC presentation. Prepare Committee presentation update re: budget to actual performance for the first two weeks of the case. 1 6/7/2017 Sadler, Eric 0.6 Continue to prepare budget variance analysis for UCC Report. 1 6/7/2017 Sadler, Eric /7/2017 Sadler, Eric /9/2017 Eisler, Marshall 2.3 Update sales and gross margin trend analysis for keeper stores and for e- commerce for UCC Report. Update sales trend and margins analysis re: keeper stores and e-commerce for UCC presentation. Update Committee presentation re: cash flow budget variance and recent sales trends. 1 6/9/2017 Simms, Steven 0.4 Review and revise flash report for Committee. 1 6/13/2017 Cheng, Earnestiena /13/2017 Eisler, Marshall /13/2017 Eisler, Marshall /14/2017 Cheng, Earnestiena 1.7 Review budget to actuals variance reports for week ending 6/3/17 and flash sales reports. Prepare response to diligence questions from UCC member re: Debtors goforward operations. Evaluate responses from Debtors to the FTI diligence questions re: operating results. Analyze Debtors budget to actuals results and commentary for the week ending 6/3/17. 2 of 42

23 Exhibit C Page 4 of /16/2017 Eisler, Marshall 1.7 Provide commentary on presentation for UCC re: sales trends and liquidity. 1 6/20/2017 Schleeter, Timothy 0.7 Review weekly business performance: sales and gross margin trends. 1 6/23/2017 Eisler, Marshall 1.8 Analyze May monthly reporting package as provided by the Debtors. 1 6/23/2017 Star, Samuel 0.5 Review May monthly reporting package, including inventory mix, conversion store results and digital progress. 1 6/27/2017 Cheng, Earnestiena 1.7 Review Debtors' financial results in the May Monthly Report. 1 6/27/2017 Cheng, Earnestiena 0.8 Prepare follow-up questions for Debtors re: their May Monthly Report. 1 6/27/2017 Sadler, Eric /27/2017 Sadler, Eric /27/2017 Sadler, Eric /27/2017 Sadler, Eric 1.0 Prepare sales trend analysis for keeper stores for UCC Report re: operating results and liquidity update. Prepare sales and margin trend analysis for e-ecommerce for UCC Report re: operating results and liquidity update. Continue to prepare sales and margin trend analysis for e-ecommerce for UCC Report re: operating results and liquidity update. Continue to prepare sales and margin trend analysis for e-ecommerce for UCC Report re: operating results and liquidity update. 1 6/27/2017 Sadler, Eric 0.5 Review rue21 debt prices in preparation for meeting with the UCC. 1 6/28/2017 Cheng, Earnestiena 0.4 Prepare response to Debtors' advisors re: May Monthly Report. 1 6/28/2017 Cheng, Earnestiena /28/2017 Eisler, Marshall /28/2017 Eisler, Marshall 1.4 Create materials for UCC presentation re: commentary on budget-toactuals variances in the 4-week period ending 6/10. Evaluate rue21 bond prices in order to assess market opinion on recoveries. Evaluate additional diligence questions re: May monthly reporting package as received by Debtors. 1 6/28/2017 Emrikian, Armen 0.5 Review May financial reporting package provided by Debtors. 1 6/29/2017 Cheng, Earnestiena 0.7 Prepare summary memorandum for internal team re: May Monthly Report. 1 6/29/2017 Eisler, Marshall 1.2 Review exhibit outling sales and gross margin trends. 1 6/29/2017 Eisler, Marshall 1.7 Provide commentary from budget-to-actual slides to be incorporated into a UCC presentation. 1 6/29/2017 McCaskey, Morgan 0.8 Prepare analysis re: sales and gross margin trends analysis. 1 6/30/2017 Emrikian, Armen 0.4 Review weekly inventory receipts and merchandise disbursements. 1 6/30/2017 Emrikian, Armen 0.6 Review 6/17 and 6/24 cash flow variance analysis. 1 6/30/2017 Sadler, Eric 0.3 Prepare budget to actuals analysis for UCC Report. 3 of 42

24 Exhibit C Page 5 of /30/2017 Star, Samuel Total 85.4 Review updated draft business liquidity update report to UCC including projected liquidity, revised DIP budget and actual vs budgeted cash flow and communicate revisions to team 2 5/24/2017 Eisler, Marshall 1.3 Create work plan re: cash flow and DIP budget review. 2 5/25/2017 Cheng, Earnestiena /25/2017 Cheng, Earnestiena 1.6 Discuss work streams with FTI team re: Debtors' cash flow model and other assumptions. Analyze Debtors' one week variance summary to understand new budget forecast. 2 5/25/2017 Cheng, Earnestiena 1.1 Perform analysis of the Debtors' liquidity forecast model. 2 5/25/2017 Eisler, Marshall 1.9 Analyze cash flow projection in order to understand how stub rent claims and 503(b)(9) claims are paid. 2 5/25/2017 Eisler, Marshall 2.1 Evaluate store closure plan re: effect on liquidity and cash flow. 2 5/25/2017 Star, Samuel /26/2017 Cheng, Earnestiena 0.5 Review borrowing base calculations, including ineligible assets and reserves. Prepare for call with UCC counsel re: initial inquiries for Debtors' financial advisors. 2 5/26/2017 Eisler, Marshall 1.8 Analyze reserves/blockers for the borrowing base calculations. 2 5/26/2017 Sadler, Eric 0.7 Participate in FTI team meeting re: DIP and trend analysis for the UCC presentation. 2 5/26/2017 Star, Samuel 0.2 Evaluate borrowing base reserves included in the liquidity forecast. 2 5/27/2017 Star, Samuel /27/2017 Star, Samuel 0.7 Review budget to actual cash and liquidity variances and list questions for follow ups. Review underlying assumption to weekly cash flow/liquidity forecast relative to recent sales and gross margin trends. 2 5/29/2017 Eisler, Marshall 2.3 Prepare Committee report re: cash flow assumptions. 2 5/30/2017 Eisler, Marshall 2.1 Evaluate cash flow projection model as provided by the Debtors in order to identify weak liquidity points. 2 5/30/2017 Eisler, Marshall 1.9 Analyze cash flow forecasting to review projected trade terms. 2 5/30/2017 Eisler, Marshall /30/2017 Mossop, Julian /30/2017 Mossop, Julian /30/2017 Mossop, Julian /30/2017 Mossop, Julian 1.1 Evaluate rent and CAM cash flow projections in order to understand the effect of store closings. Analyze Debtors' 13-week cash flow model to prepare for call with the Debtors. Review company trade terms assumed in Debtors' 13-week cash flow model to understand assumptions regarding receipts and disbursements. Analyze borrowing base calculation under the DIP ABL facility in the Debtors' 13-week cash flow model. Perform comparative analysis of the calculation of the borrowing base in the Debtors' 13-week cash flow to the terms set forth in the DIP ABL Agreement. 4 of 42

25 Exhibit C Page 6 of /30/2017 Mossop, Julian /30/2017 Mossop, Julian /31/2017 Eisler, Marshall /31/2017 Mossop, Julian /31/2017 Mossop, Julian 0.8 Create Summary of the DIP ABL borrowing base and reserves for Committee presentation. Add commentary from call with Debtors to summary of the DIP ABL Borrowing Base. Update commentary re: 13-week operating assumptions incorporating additional information from Debtors. Review calculation of borrowing base under the pre-petition ABL Agreement to understand certain terms of the DIP ABL Agreement. Revise Committee presentation re: borrowing base and reporting requirements. 2 5/31/2017 Sadler, Eric 0.8 Review borrowing base certificates uploaded to the data room. 2 6/1/2017 Eisler, Marshall 1.2 Update analysis showing the Debtors' lowest liquidity points and the effect that has on the balance sheet. 2 6/5/2017 Eisler, Marshall 1.2 Analyze Debtors weekly cash flow variance report. 2 6/5/2017 Emrikian, Armen /6/2017 Eisler, Marshall /6/2017 McCaskey, Morgan /6/2017 Sadler, Eric 2.9 Review 503(b)(9) claims estimate provided by the Debtors and timing of payment included in liquidity projections. Assess Debtors administrative claims in order to understand liquidity risk to 503(b)(9) claimants. Review explanation from Debtors' financial advisors re: weekly DIP budget variances. Prepare liquidity analysis chart comparing the original and updated net liquidity projections for UCC Report. 2 6/6/2017 Star, Samuel 0.4 Review current thinking re: forecast for changes to liquidity. 2 6/7/2017 Eisler, Marshall /7/2017 Eisler, Marshall 2.1 Evaluate liquidation analysis as proposed in the Disclosure Statement exhibit. Analyze flash report as provided by the Debtors in the data room in order to reconcile historical trends with future projections. 2 6/7/2017 Sadler, Eric 2.8 Continue to prepare liquidity analysis for UCC report. 2 6/9/2017 Sadler, Eric 0.7 Prepare liquidity forecast update for UCC Report. 2 6/12/2017 Eisler, Marshall /13/2017 Eisler, Marshall /14/2017 McCaskey, Morgan /14/2017 Sadler, Eric /15/2017 Cheng, Earnestiena 1.3 Analyze the Debtors' proposed cost reductions to better understand liquidity impact. Evaluate trade terms projected in the DIP budget to see their impact on emergence liquidity. Compare Debtors' original liquidity projections to roll-forward liquidity projections. Prepare slides re: updated roll-forward liquidity forecast for UCC presentation. Review liquidity slides re: budget-to-actuals results in the week ending 6/3/ /15/2017 Sadler, Eric 2.2 Prepare slides re: liquidity analysis for Committee update report. 2 6/16/2017 Eisler, Marshall 1.4 Reconcile Debtors' latest liquidity projections to DIP Budget. 5 of 42

26 Exhibit C Page 7 of /16/2017 McCaskey, Morgan 1.6 Prepare comparative analysis re: liquidity projections included initial DIP budget and updated roll-forward projections. 2 6/21/2017 Cheng, Earnestiena 0.5 Participate in call with PJT re: liquidity update. 2 6/27/2017 Eisler, Marshall 1.8 Analyze DIP budget as received from the Debtors. 2 6/28/2017 Eisler, Marshall 2.2 Review exhibit reconciling updated DIP budget to original DIP budget. 2 6/28/2017 Eisler, Marshall 0.9 Prepare responses to Cooley diligence questions re: liquidity. 2 6/28/2017 Eisler, Marshall /28/2017 Eisler, Marshall /28/2017 Eisler, Marshall 2.3 Analyze permanent variance roll-forward from updated DIP budget as received by the Debtors. Review exhibit outlining monthly projected disbursements in order to analyze liquidity trends. Analyze exit costs projected by the Debtors in order to assess liquidity impact post emergence. 2 6/28/2017 Eisler, Marshall 2.4 Analyze revenue drivers in updated DIP budget. 2 6/28/2017 Emrikian, Armen 1.0 Review updated DIP forecast projections. 2 6/28/2017 McCaskey, Morgan 1.9 Analyze updated liquidity forecast and prepare diligence questions for the Debtors. 2 6/28/2017 McCaskey, Morgan 2.1 Reconcile updated budget and original budget re: liquidity variance. 2 6/28/2017 McCaskey, Morgan 1.8 Prepare variance analysis re: updated budget cash flow vs. original budget cash flow. 2 6/28/2017 McCaskey, Morgan 1.2 Discuss updated DIP budget analysis with FTI team. 2 6/28/2017 Sadler, Eric /28/2017 Sadler, Eric 2.1 Prepare slides addressing updated monthly liquidity projections from Debtors' latest weekly cash flow forecast for UCC presentation. Continue to prepare slides addressing updated monthly liquidity projections from Debtors' latest weekly cash flow forecast for UCC presentation. 2 6/29/2017 Eisler, Marshall 1.1 Evaluate liquidity bridge between original and revised DIP budget. 2 6/29/2017 Emrikian, Armen 1.5 Create liquidity comparison analysis (6/21 forecast vs. DIP budget). 2 6/29/2017 Emrikian, Armen 0.5 Review updated liquidity analysis. 2 6/29/2017 Emrikian, Armen 0.4 Review monthly liquidity comparison (6/21 forecast vs. DIP budget). 2 6/29/2017 Emrikian, Armen 0.5 Participate in FTI team meeting to discuss liquidity analysis. 2 6/29/2017 Emrikian, Armen 0.5 Update information request list re: updated liquidity forecast for BRG. 2 6/29/2017 Emrikian, Armen 0.8 Review and comment on business update report for Committee. 6 of 42

27 Exhibit C Page 8 of /29/2017 McCaskey, Morgan 1.1 Prepare analysis re: exit costs per the updated liquidity budget. 2 6/29/2017 McCaskey, Morgan 1.4 Prepare analysis re: monthly liquidity variance per the original and updated liquidity budgets. 2 6/29/2017 McCaskey, Morgan 2.1 Process edits to presentation for Committee re: liquidity update. 2 6/29/2017 McCaskey, Morgan 0.9 Review analysis re: updated DIP budget for Committee. 2 6/29/2017 McCaskey, Morgan /29/2017 Sadler, Eric /29/2017 Sadler, Eric 0.5 Continue to process edits to business update presentation for Committee re: updated DIP forecast. Prepare monthly liquidity analysis with updated liquidity projections for UCC Report. Continue to prepare monthly liquidity analysis with updated liquidity projections for UCC Report. 2 6/30/2017 Emrikian, Armen 0.5 Review and provide comments on the business update for Committee. 2 6/30/2017 Emrikian, Armen 0.4 Draft to BRG re: 6/17 and 6/24 cash flow variance analysis. 2 6/30/2017 McCaskey, Morgan 0.6 Review business update presentation re: updated DIP forecast. 2 6/30/2017 McCaskey, Morgan 1.2 Continue to process edits to business update presentation re: updated DIP forecast. 2 6/30/2017 McCaskey, Morgan 1.3 Process edits to variance schedule re: original budget vs. updated budget. 2 6/30/2017 McCaskey, Morgan /30/2017 McCaskey, Morgan /30/2017 McCaskey, Morgan 0.9 Prepare analysis re: merchandise costs and inventory receipts in updated liquidity budget. Prepare budget to actual schedule for one week ended 6/24 compared to updated liquidity budget. Prepare budget to actual schedule for rolling two weeks ended 6/24 compared to updated liquidity budget. 2 6/30/2017 McCaskey, Morgan 0.8 Review diligence responses from Debtors re: updated DIP budget. 2 Total /24/2017 Star, Samuel 0.2 Develop outline of DIP financing economics market study. 3 5/25/2017 Cheng, Earnestiena /25/2017 Cheng, Earnestiena /25/2017 Chiun, Clement /25/2017 Chiun, Clement /25/2017 Chiun, Clement 1.9 Analyze Debtors' liquidity forecast model to investigate underlying assumptions and modeling of DIP financing terms. Create list of diligence questions for Debtors re: underlying assumptions/modeling of DIP financing terms and week 1 budget variance report. Participate in discussion with FTI team re: market study of DIP facility comparables. Research comparable DIP facilities for market study comparing certain features of the DIP agreement. Examine credit documents of comparable DIP facilities for a market study comparing certain features of the DIP agreement. 7 of 42

28 Exhibit C Page 9 of /25/2017 Eisler, Marshall /25/2017 Eisler, Marshall 1.5 Analyze DIP fees in order to understand how they compare to market peers. Analyze revenue drivers in the DIP budget in order to understand liquidity levels. 3 5/25/2017 Eisler, Marshall 1.4 Reconcile amounts in DIP budget to proposed disbursements under various first day motions (e.g., tax motion, employee wages motion, etc.). 3 5/25/2017 Imhoff, Dewey 0.2 Review the DIP terms outlined in the DIP Motion filed by the Debtors. 3 5/25/2017 Imhoff, Dewey /26/2017 Cheng, Earnestiena 0.3 Read and comment on various correspondence re: DIP financing terms. Prepare list of inquiries for the Debtors regarding DIP financing, cash flow forecast, and cash flow variances. 3 5/26/2017 Cheng, Earnestiena 0.5 Process edits to initial diligence questions for Debtors. 3 5/26/2017 Cheng, Earnestiena /26/2017 Cheng, Earnestiena /26/2017 Cheng, Earnestiena /26/2017 Chiun, Clement 0.4 Continue to prepare list of inquiries for the Debtors regarding DIP financing, cash flow forecast, and cash flow variances. Participate in call with Debtors' financial advisors re: initial DIP financing and cash flow forecast diligence. Create presentation for UCC re: cash flow variances, DIP financing, and liquidity. Participate in discussion with FTI team re: parameters of market study comparing certain features of the DIP facility credit agreement. 3 5/26/2017 Chiun, Clement 1.2 Analyze possible comparable cases for the DIP market study. 3 5/26/2017 Imhoff, Dewey 0.4 Provide comments on report for the Committee re: DIP analysis. 3 5/26/2017 Imhoff, Dewey 0.6 Participate in FTI team meeting to discuss follow-up items for the preparation of the report for the Committee re: DIP analysis. 3 5/26/2017 Star, Samuel 0.1 Review covenant testing calculations and timing per the DIP Motion. 3 5/26/2017 Star, Samuel /30/2017 Cheng, Earnestiena /30/2017 Cheng, Earnestiena /30/2017 Cheng, Earnestiena /30/2017 Cheng, Earnestiena 1.3 Participate in discussion with Cooley re: status of exit financing commitment. Process edits to presentation for UCC re: cash flow variances, DIP financing, and liquidity. Update diligence questions for Debtors re: cash budget/liquidity and DIP financing. Participate in call with Debtors re: diligence questions re: cash budget/liquidity and DIP financing. Continue to process edits to presentation for UCC re: cash flow variances, DIP financing, and liquidity. 3 5/30/2017 Cheng, Earnestiena 1.3 Review reporting requirements as included in DIP financing documents. 3 5/30/2017 Chiun, Clement 1.7 Revise DIP market comparable study for edits received. 3 5/30/2017 Chiun, Clement 1.1 Incorporate edits to the DIP market study to reflect adjusted parameters. 8 of 42

29 Exhibit C Page 10 of /30/2017 Chiun, Clement /30/2017 Chiun, Clement /30/2017 Chiun, Clement 1.3 Participate in discussion with FTI team re: parameters and methodology of DIP market study. Analyze credit agreements and court documents for comparable DIP facilities for the DIP market study. Continue to analyze credit agreements and court documents for comparable DIP facilities as part of the DIP market study. 3 5/30/2017 Chiun, Clement 1.2 Revise DIP market study to reflect updated methodology. 3 5/30/2017 Chiun, Clement 1.4 Perform analysis of DIP market study including draft of observations based on the comparable set. 3 5/30/2017 Eisler, Marshall 0.8 Evaluate professional fee carve-out mechanism included in DIP budget. 3 5/30/2017 Eisler, Marshall 2.8 Reconcile ABL DIP revolver mechanics from cash flow model to credit agreement. 3 5/30/2017 Imhoff, Dewey 0.3 Provide comments on the DIP market study. 3 5/30/2017 Imhoff, Dewey 0.5 Review and provide comments on DIP financing market study. 3 5/30/2017 Imhoff, Dewey /30/2017 Imhoff, Dewey 0.1 Participate in call with Counsel re: status of DIP review and other case matters. Review changes to DIP market study to be included in presentation to UCC. 3 5/30/2017 Kuan, Michelle 2.4 Analyze possible comparable cases for the DIP market study. 3 5/30/2017 Kuan, Michelle 0.8 Prepare analysis re: comparative DIP facility terms. 3 5/30/2017 Kuan, Michelle 1.8 Incorporate edits to the DIP market study to reflect comments received. 3 5/30/2017 McCaskey, Morgan /30/2017 McCaskey, Morgan 2.9 Examine credit documents of comparable DIP facilities for a market study comparing certain features of the DIP agreement. Research comparable DIP facilities for market study comparing certain features of the DIP agreement. 3 5/30/2017 McCaskey, Morgan 2.8 Analyze possible comparable cases for the DIP market study. 3 5/30/2017 McCaskey, Morgan 2.1 Continue analyze possible comparable cases for the DIP market study. 3 5/30/2017 Star, Samuel /31/2017 Cheng, Earnestiena 2.3 Review DIP financing economics in comparison to similar financings in other cases. Create summary memorandum re: reporting requirements included in DIP financing documents. 3 5/31/2017 Chiun, Clement 1.3 Incorporate edits to the DIP market study to reflect comments received. 3 5/31/2017 Chiun, Clement 0.6 Prepare update re: DIP market study methodology. 3 5/31/2017 Chiun, Clement 0.5 Analyze credit agreements for comparable cases in the DIP market study. 3 5/31/2017 Eisler, Marshall 2.1 Incorporate Cooley's comments into DIP financing slides to be presented to the UCC. 9 of 42

30 Exhibit C Page 11 of /31/2017 Eisler, Marshall /31/2017 Imhoff, Dewey /31/2017 Imhoff, Dewey 0.6 Analyze reporting requirements exhibit in order to better understand the Term Lender diligence. Incorporate updates to UCC presentation slides re: DIP analysis and comparative market study. Review and comment on comparable DIP facilities used in market study in order to compare certain features of the DIP agreement. 3 5/31/2017 Kuan, Michelle 2.2 Incorporate edits to the DIP market study to reflect comments received. 3 5/31/2017 Kuan, Michelle 1.3 Analyze possible comparable cases for the DIP market study. 3 5/31/2017 McCaskey, Morgan 1.9 Incorporate edits to the DIP market study to reflect comments received. 3 5/31/2017 McCaskey, Morgan /31/2017 McCaskey, Morgan /31/2017 McCaskey, Morgan 1.8 Continue to incorporate edits to the DIP market study to reflect comments received. Prepare summary chart re: Debtors' interest payments and fees per the Proposed DIP Motion. Process edits to summary chart re: Debtors' interest payments and fees per the Proposed DIP Motion. 3 5/31/2017 McCaskey, Morgan 0.5 Review summary of DIP interest and fees with FTI team. 3 5/31/2017 McCaskey, Morgan 1.7 Process edits to Committee presentation re: summary of DIP terms. 3 5/31/2017 Mossop, Julian 2.2 Incorporate edits to the Committee presentation re: DIP financing. 3 5/31/2017 Mossop, Julian 2.1 Create summary re: reporting requirements listed in the DIP ABL Agreement. 3 5/31/2017 Mossop, Julian 2.3 Analyze treatment of carve-out under the proposed DIP motion. 3 5/31/2017 Mossop, Julian 1.5 Prepare summary re: treatment of carve-out under the proposed DIP motion for Committee presentation. 3 5/31/2017 Mossop, Julian 0.7 Prepare comparable DIP transactions slides for Committee presentation. 3 5/31/2017 Schleeter, Timothy 1.3 Prepare analysis for Committee presentation re: DIP financing summary. 3 5/31/2017 Simms, Steven 0.4 Participate in call re: DIP and other first day motions. 3 5/31/2017 Star, Samuel /31/2017 Star, Samuel /1/2017 Eisler, Marshall 0.8 Review analysis of interest and fees for proposed facility and other retailers. Review and comment on Cooley's summary of DIP financing issues and next steps. Evaluate effect of pushing back the second drawdown under the DIP term loan. 3 6/1/2017 Imhoff, Dewey 1.5 Review first day filings and DIP budget. 3 6/1/2017 Star, Samuel 0.1 Participate in discussion with Rothschild re: exit financing raise status. 3 6/3/2017 Star, Samuel 0.2 Review exit financing term sheet contained in Disclosure Statement. 10 of 42

31 Exhibit C Page 12 of /5/2017 Eisler, Marshall /5/2017 Simms, Steven 0.2 Correspond on DIP. Analyze Debtors schedule outlining the proposed 503(b)(9) payments in order to reconcile to the DIP budget. 3 6/6/2017 Eisler, Marshall 1.8 Evaluate draft DIP objection as provided by Counsel. 3 6/6/2017 Imhoff, Dewey 0.5 Provide comments re: draft DIP objection and proposed resolution. 3 6/6/2017 Star, Samuel 1.2 Participate in discussion with Cooley re: DIP financing issues and potential resolution. 3 6/6/2017 Star, Samuel 0.8 Review draft DIP objection and proposed resolution. 3 6/7/2017 Cheng, Earnestiena 1.5 Review and analyze Committee responses to upcoming DIP financing objection deadline. 3 6/7/2017 Cheng, Earnestiena 0.3 Participate in call with PJT re: RSA assumptions related to DIP financing. 3 6/7/2017 Eisler, Marshall 1.3 Prepare for call with Committee re: DIP Financing. 3 6/7/2017 Imhoff, Dewey /7/2017 Star, Samuel /7/2017 Star, Samuel /7/2017 Star, Samuel 0.9 Provide comments re: DIP financing negotiations and recommendations to the UCC. Participate in call with UCC members re: DIP financing issues, company performances and next steps. Participate in call with PJT re: DIP financing provisions, incentive liquidation and covenant tests, and POR development. Discussions with Cooley re: DIP financing negotiations and recommendations to the UCC. 3 6/7/2017 Star, Samuel 0.5 Review liquidation analysis on various claim priority scenarios. 3 6/9/2017 Cheng, Earnestiena 0.8 Review docket for key filings regarding DIP financing. 3 6/13/2017 Eisler, Marshall /15/2017 Cheng, Earnestiena /15/2017 Eisler, Marshall 0.8 Review Rothschild's retention application as filed on the docket re: financing fees. Review Rothschild's proposed financing fees for financial services provided to the Debtors. Prepare updated analysis evaluating Rothschild retention application and financing fees. 3 6/21/2017 Star, Samuel 0.3 Participate in call with PJT re: status of exit financing. 3 6/29/2017 Cheng, Earnestiena 0.8 Review Debtors' exit financing update materials. 3 6/29/2017 Eisler, Marshall 2.1 Evaluate exit financing summary presentation as prepared by Rothschild. 3 6/29/2017 Emrikian, Armen 0.9 Review exit financing summary document provided by the Debtors. 3 Total /26/2017 Star, Samuel 0.4 Participate in discussion with UCC members re: vendor discussion materials re: business plan. 11 of 42

32 Exhibit C Page 13 of /26/2017 Star, Samuel 0.9 Review vendor discussion materials, including Chapter 11 timetables, long term business and YTD operating performance, provided by Company to certain vendors. 7 5/27/2017 Star, Samuel 0.4 Review business plan section of vendor discussion materials. 7 6/1/2017 Eisler, Marshall 2.8 Analyze Debtors long range business plan as provided in the data room. 7 6/1/2017 Mossop, Julian /1/2017 Mossop, Julian 1.3 Analyze company business plan model to understand key assumptions and level of detail contained in the model. Create summary of all of the assumptions that can be toggled in the Debtors' business plan model. 7 6/1/2017 Mossop, Julian 1.7 Summarize all of the key business plan model outputs. 7 6/1/2017 Mossop, Julian /1/2017 Mossop, Julian 0.9 Summarize all of the financial information that is available on store by store basis in the Debtor business plan model for the purpose of calculating 4-Wall EBITDA. Compare the Debtors' business plan model to 6/1 Disclosure Statement financial projections. 7 6/1/2017 Schleeter, Timothy 0.8 Provide comments re: business plan assumptions. 7 6/1/2017 Star, Samuel 0.6 Develop work plan for business plan review. 7 6/2/2017 Eisler, Marshall 1.8 Create preliminary diligence list to be sent to Debtors re: business plan topics to discuss with management. 7 6/2/2017 Eisler, Marshall 1.9 Analyze business plan model re: 4-wall EBITDA. 7 6/2/2017 Imhoff, Dewey 0.5 Review key assumptions included in the business plan. 7 6/2/2017 McCaskey, Morgan 1.1 Analyze key retail topics to evaluate re: business plan review with FTI retail industry experts. 7 6/2/2017 McCaskey, Morgan 1.8 Conduct preliminary review of business plan model. 7 6/2/2017 McCaskey, Morgan 1.9 Analyze store-level monthly costs in order to reconcile store-level EBITDA to consolidated P&L. 7 6/2/2017 Mossop, Julian 0.8 Calculate monthly 4-Wall EBITDA for locations on a store-by-store basis. 7 6/2/2017 Mossop, Julian 1.3 Compile notes regarding summary of the Debtor business plan model. 7 6/2/2017 Mossop, Julian 0.7 Perform assessment of key aspects of retail business plan. 7 6/2/2017 Mossop, Julian 1.6 Create list of key issues re: business plan review. 7 6/2/2017 Mossop, Julian 1.8 Create request list of follow-up items from the Debtors needed to accurately evaluate the Debtors' business plan. 7 6/2/2017 Schleeter, Timothy 0.4 Review the Debtors' business plan key assumptions. 7 6/2/2017 Schleeter, Timothy 0.9 Review business plan re: inventory positions and assumptions. 12 of 42

33 Exhibit C Page 14 of /2/2017 Schleeter, Timothy 0.7 Review business plan re: gross margin dollars. 7 6/2/2017 Star, Samuel /3/2017 Eisler, Marshall 0.9 Participate in call with CMO re: merchandising initiatives, implantation timetable, changes from past practice and anticipated benefits. Prepare additional diligence questions to be sent to the Debtors re: business plan. 7 6/3/2017 Emrikian, Armen 1.0 Review preliminary business plan analysis for Committee. 7 6/3/2017 McCaskey, Morgan /3/2017 McCaskey, Morgan /3/2017 McCaskey, Morgan 1.8 Prepare store-level brick and mortar EBITDA for all 781 go-forward stores. Reconcile store-level EBITDA and consolidated EBITDA reflected on the P&L FY2016. Reconcile store-level EBITDA and consolidated EBITDA reflected on the P&L for FY /3/2017 McCaskey, Morgan 1.0 Discuss work stream plan re: business plan model with FTI team. 7 6/4/2017 McCaskey, Morgan 1.4 Reconcile store-level EBITDA and consolidated EBITDA reflected on the P&L for FY /4/2017 McCaskey, Morgan 1.2 Prepare summary schedule of annual store-level 4-Wall EBITDA. 7 6/5/2017 Cheng, Earnestiena /5/2017 Cheng, Earnestiena /5/2017 Cheng, Earnestiena /5/2017 Eisler, Marshall /5/2017 Eisler, Marshall 2.8 Analyze responses from Debtors' financial advisors regarding follow-up diligence questions on the business plan. Review business plan model to understand mechanics of model and Debtors' assumptions re: revolver. Continue to review business plan model to understand Debtors' revolver and debt balances assumptions. Evaluate supply chain initiatives and reconcile them to business plan model assumptions. Prepare diligence list for to be sent to the Debtors re: Business Plan model walkthrough. 7 6/5/2017 Eisler, Marshall 0.8 Prepare diligence list re: company 's supply chain practices. 7 6/5/2017 Eisler, Marshall 2.7 Analyze store level build-up of EBITDA for the keeper stores. 7 6/5/2017 Eisler, Marshall /5/2017 Emrikian, Armen /5/2017 Emrikian, Armen /5/2017 Emrikian, Armen 0.6 Provide update to exhibit showcasing 4-Wall EBITDA for all closing stores. Participate in call with Debtors re: supply chain and inventory management in relation to business plan projections. Participate in call with Rothschild and BRG re: near-term information requests re: business plan. Provide comments re: questions for upcoming business plan model review call. 7 6/5/2017 Emrikian, Armen 1.0 Create summary schedules re: business plan model review. 7 6/5/2017 Emrikian, Armen 1.5 Review business plan model architecture. 13 of 42

34 Exhibit C Page 15 of /5/2017 McCaskey, Morgan 0.8 Analyze diligence responses from Debtors' management re: supply chain initiatives in correspondence with the current go forward business plan. 7 6/5/2017 McCaskey, Morgan 1.4 Prepare summary of diligence responses re: supply chain initiatives. 7 6/5/2017 McCaskey, Morgan /5/2017 McCaskey, Morgan /5/2017 McCaskey, Morgan /5/2017 McCaskey, Morgan /5/2017 McCaskey, Morgan 1.3 Process updates to 4-wall EBITDA P&L summary for 781 go forward stores. Analyze Debtors' business plan model re: store-level P&L breakdown and prepare corresponding diligence questions. Prepare diligence request list for Debtors' financial advisors re: business plan model. Reconcile professional fees reflected in business plan model to those forecasted in the most recent liquidity budget. Analyze Debtors' business plan model re: balance sheet breakdown and prepare corresponding diligence questions. 7 6/5/2017 McCaskey, Morgan 0.8 Discuss next steps re: preliminary analysis of business plan with FTI team. 7 6/5/2017 Talarico, Michael J 0.4 Analyze payment of 503(b)(9) claims estimate included in the business plan. 7 6/5/2017 Talarico, Michael J 0.4 Follow up on 503(b)(9) diligence question from UCC member. 7 6/6/2017 Cheng, Earnestiena /6/2017 Eisler, Marshall /6/2017 Eisler, Marshall /6/2017 Eisler, Marshall 2.7 Review and analyze commentary from Debtors' advisors regarding business plan model assumptions and mechanics. Analyze preliminary diligence list to be sent to the company re: business plan review. Prepare for call with Debtor re: budget to actual results and long term business plan. Evaluate the Debtors' business plan model re: operating assumptions and drivers. 7 6/6/2017 Eisler, Marshall 1.8 Analyze cost saving initiatives re: rent reductions and store closures. 7 6/6/2017 Emrikian, Armen 1.4 Revise business plan information request list for Debtors. 7 6/6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan 1.8 Prepare summary re: supply chain initiatives for inclusion in the preliminary business plan analysis to be presented to the Committee. Prepare summary re: merchandising initiatives for inclusion in the preliminary business plan analysis to be presented to the Committee. Prepare analysis re: consolidated balance sheet projections to be included in presentation for Committee re: business plan analysis. Review diligence request responses from Debtors' financial advisor re: business plan model. Prepare follow up diligence request list for Debtors' financial advisors re: business plan model. 7 6/6/2017 McCaskey, Morgan 0.6 Prepare analysis re: monthly store count per the current liquidation plan. 7 6/6/2017 McCaskey, Morgan 0.6 Review preliminary business plan analysis presentation for UCC with FTI team. 14 of 42

35 Exhibit C Page 16 of /6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan /6/2017 McCaskey, Morgan /7/2017 Cheng, Earnestiena /7/2017 Cheng, Earnestiena /7/2017 Cheng, Earnestiena /7/2017 Cheng, Earnestiena 1.5 Prepare summary of diligence request responses from Debtors' financial advisor re: business plan model for the FTI team. Analyze FY 2017 February adjustments in connection with explanation from Debtors' financial advisor. Analyze P&L per the business plan model in connection with diligence responses from the Debtors' financial advisors. Review Debtors' business plan model to become familiar with P&L and store-level assumptions. Continue to review Debtors' business plan model to become familiar with P&L and store-level assumptions. Create template for liquidity sensitivities based on business plan model assumptions. Review preliminary draft and supporting calculations of business plan model presentation for the UCC. 7 6/7/2017 Eisler, Marshall 2.8 Update Committee presentation re: preliminary business plan diligence. 7 6/7/2017 Eisler, Marshall 2.4 Evaluate same-store level data on a 4-wall EBITDA basis in order to assess the store rationalization. 7 6/7/2017 Emrikian, Armen 0.3 Review business plan information request list for Debtors. 7 6/7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan 2.7 Prepare analysis re: key financial metrics for 781 go forward stores based on 2017 EBITDA margin quartiles. Prepare analysis re: key financial metrics for 403 closing stores based on 2017 EBITDA margin quartiles. 7 6/7/2017 McCaskey, Morgan 1.6 Prepare analysis re: consolidated P&L summary for 781 go forward stores. 7 6/7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan /7/2017 McCaskey, Morgan 1.5 Prepare outline for UCC presentation re: preliminary business plan analysis in preparation for the initial in-person meeting with Debtors' management. Prepare analysis re: FY 2017 EBITDA bridge to be included in presentation for the UCC re: preliminary business plan analysis. Reconcile pro forma Wall EBITDA and consolidated pro forma EBITDA per the consolidated P&L schedule. Review key metrics analysis for go-forward stores based on EBITDA margin threshold with FTI team. Prepare analysis re: consolidated P&L based on 2016 historical results for go-forward stores. Prepare analysis re: sales per square foot on a store-level basis for inclusion in the summary P&L schedule. Prepare analysis re: best and worst performers based on 4-wall EBITDA of go-forward stores. 7 6/8/2017 Cheng, Earnestiena 2.5 Review business plan model to understand key assumptions. 7 6/8/2017 Cheng, Earnestiena /8/2017 Cheng, Earnestiena 2.3 Continue to review business plan assumptions included in draft presentation. Review Debtors' historical financials to understand sales and cost trends in relation to the business plan. 15 of 42