Case KJC Doc 1068 Filed 10/27/15 Page 1 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

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1 Case KJC Doc 1068 Filed 10/27/15 Page 1 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: CORINTHIAN COLLEGES, INC., et al. Debtors. 1 Chapter 11 Case No (KJC) Jointly Administered Hearing Date: Only if an objection is filed Objection Deadline: November 17, 2015 at 4:00 p.m. (prevailing Eastern Time) FIFTH MONTHLY FEE APPLICATION OF BROWN RUDNICK LLP, AS COUNSEL FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR PAYMENT OF INTERIM COMPENSATION AND FOR REIMBURSEMENT OF DISBURSEMENTS INCURRED (FOR THE PERIOD SEPTEMBER 1, 2015 THROUGH SEPTEMBER 21, 2015) Name of applicant: Authorized to provide professional services to: ( Brown Rudnick ) Official Committee of Unsecured Creditors (the Committee ) Date retention approved: June 1, 2015, nunc pro tunc to May 13, 2015 Period for which compensation and reimbursement is sought: September 1, 2015 through September 21, 2015 Amount of compensation sought as actual, reasonable, and necessary: $41, (interim compensation sought for 80% of that amount, or $33, The Debtors in these cases, along with the last four digits of each Debtor s federal tax identification number, are: Corinthian Colleges, Inc. (7312), Corinthian Schools, Inc. (0525), Rhodes Colleges, Inc. (7311), Florida Metropolitan University, Inc. (7605), Corinthian Property Group, Inc. (2106), Titan Schools, Inc. (3201), Career Choices, Inc. (1425), Sequoia Education, Inc. (5739), ETON Education, Inc. (3608), Ashmead Education, Inc. (9120), MJB Acquisition Corporation (1912), ECAT Acquisition, Inc. (7789), Pegasus Education, Inc. (2336), Grand Rapids Educational Center, Inc. (2031), Rhodes Business Group, Inc. (6709), Everest College Phoenix, Inc. (6173), CDI Education USA, Inc. (0505, SP PE VII-B Heald Holdings Corp. (0115), SD III-B Heald Holdings Corp. (9707), Heald Capital LLC (6164), Heald Real Estate, LLC (4281), Heald Education, LLC (1465), Heald College, LLC (9639), QuickStart Intelligence Corporation (5665) and Socle Education, Inc. (3477). The Debtors corporate headquarters is at 6 Hutton Centre Drive, Suite 400, Santa Ana, California

2 Case KJC Doc 1068 Filed 10/27/15 Page 2 of 12 Amount of reimbursement sought as actual, reasonable, and necessary: $3, This is an x interim application final application This is the Fifth Monthly Fee Application for Compensation and Reimbursement of Disbursements

3 Case KJC Doc 1068 Filed 10/27/15 Page 3 of 12 SUMMARY OF BROWN RUDNICK LLP September 1, 2015 through September 21, 2015 TIME AND COMPENSATION BREAKDOWN - PARTNERS Name of Professional Person Position; Admission Date; Specialty Hourly Billing Rate Total Hours Billed Total Compensation H. Jeffrey Schwartz Partner; Admitted to New York Bar in 2007; Admitted to Ohio Bar in 1980; Restructuring $1, $18, Bennett S. Silverberg Lauren E. Curry Partner; Admitted to New York Bar in 2001; Restructuring Partner; Admitted to New York Bar in 2008 and District of Columbia Bar in 2010; White Collar Defense and Government Investigations $ $2, $ $5, TOTAL 24.1 $25, PARTNER BLENDED RATE $1,

4 Case KJC Doc 1068 Filed 10/27/15 Page 4 of 12 TIME AND COMPENSATION BREAKDOWN ASSOCIATES AND OTHER COUNSEL Name of Professional Person Barbara J. Kelly Jacob T. Beiswenger Stephanie N. Bollheimer Lara N. Burke Position; Admission Date; Specialty Tax Practice Group Advisor; Admitted to New York Bar in 1982 Associate; Admitted to New York Bar in 2013; Restructuring Associate; Admitted to New Jersey Bar in 2014; Corporate - Tax Associate; Admitted to Virginia Bar in 2013 and District of Columbia Bar in 2014; Restructuring Hourly Billing Rate Total Hours Billed Total Compensation $ $1, $ $ $ $ $ $11, TOTAL 27.3 $13, ASSOCIATE BLENDED RATE $

5 Case KJC Doc 1068 Filed 10/27/15 Page 5 of 12 TIME AND COMPENSATION BREAKDOWN - PARAPROFESSIONALS Name of Professional Person Michael A. Jackson Carol S. Ennis Christian M. Seitz Position/Numbers of Years Paralegal for over 10 years; Restructuring Paralegal for over 30 years; Restructuring Paralegal for over 10 years; Litigation Hourly Billing Rate Total Hours Billed Total Compensation $ $ $ $1, $ $ TOTAL 6.6 $2, GRAND TOTAL 58.0 $41, BLENDED RATE $

6 Case KJC Doc 1068 Filed 10/27/15 Page 6 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: CORINTHIAN COLLEGES, INC., et al. Debtors. 1 Chapter 11 Case No (KJC) Jointly Administered Hearing Date: Only if an objection is filed Objection Deadline: November 17, 2015 at 4:00 p.m. (prevailing Eastern Time) FIFTH MONTHLY FEE APPLICATION OF BROWN RUDNICK LLP, AS COUNSEL FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR PAYMENT OF INTERIM COMPENSATION AND FOR REIMBURSEMENT OF DISBURSEMENTS INCURRED (FOR THE PERIOD SEPTEMBER 1, 2015 THROUGH SEPTEMBER 21, 2015) ( Brown Rudnick ), counsel to the Official Committee of Unsecured Creditors (the Committee ), hereby submits this Fifth Monthly Fee Application for Allowance of Interim Compensation and Reimbursement of Disbursements (the Application ) seeking payment or reimbursement of (i) $33,046.00, representing 80% of Brown Rudnick s fees of $41,307.50, and (ii) 100% of Brown Rudnick s disbursements in the amount of $3,333.42, for the period of September 1, 2015 through September 21, 2015 (the Application Period ), as set forth more particularly herein, pursuant to 11 U.S.C. 328, 330, and 331, Fed. R. Bankr. P. 2016, the Local Rules of the United States Bankruptcy Court for the District of Delaware (the Local Rules ), the United States Trustee Fee Guidelines Guidelines for Reviewing 1 The Debtors in these cases, along with the last four digits of each Debtor s federal tax identification number, are: Corinthian Colleges, Inc. (7312), Corinthian Schools, Inc. (0525), Rhodes Colleges, Inc. (7311), Florida Metropolitan University, Inc. (7605), Corinthian Property Group, Inc. (2106), Titan Schools, Inc. (3201), Career Choices, Inc. (1425), Sequoia Education, Inc. (5739), ETON Education, Inc. (3608), Ashmead Education, Inc. (9120), MJB Acquisition Corporation (1912), ECAT Acquisition, Inc. (7789), Pegasus Education, Inc. (2336), Grand Rapids Educational Center, Inc. (2031), Rhodes Business Group, Inc. (6709), Everest College Phoenix, Inc. (6173), CDI Education USA, Inc. (0505, SP PE VII-B Heald Holdings Corp. (0115), SD III-B Heald Holdings Corp. (9707), Heald Capital LLC (6164), Heald Real Estate, LLC (4281), Heald Education, LLC (1465), Heald College, LLC (9639), QuickStart Intelligence Corporation (5665) and Socle Education, Inc. (3477). The Debtors corporate headquarters is at 6 Hutton Centre Drive, Suite 400, Santa Ana, California

7 Case KJC Doc 1068 Filed 10/27/15 Page 7 of 12 Applications for Compensation and Reimbursement of Disbursements Filed under 11 U.S.C. 330 (Appendix A to 28 C.F.R. 58) (the UST Guidelines ), and the Order Establishing Procedures for Interim Compensation and Reimbursement of Fees and Expenses for Professionals of this Court dated May 26, 2015 [Docket No. 201] (the Interim Fee Order ). In support of this Application, Brown Rudnick hereby states as follows: BACKGROUND 1. On May 4, 2015 (the Petition Date ), each of the Debtors filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. Since the Petition Date, the Debtors continue to operate and manage their businesses as debtors-in-possession. 2. On May 13, 2015, the United States Trustee for the District of Delaware (the U.S. Trustee ), pursuant to Bankruptcy Code Section 1102(a)(1), appointed five members to the Committee. The members of the Committee are: (i) Campus Student Funding, LLC, (ii) McKinley Avenue, LLC, (iii) Lampert at Industrial Blvd., LLC, a California Limited Liability Company, (iv) Guy Q. Reynolds, and (v) Marriott Hotel Services, Inc. Thereafter, the Committee selected and The Rosner Law Group LLC to serve as its cocounsel in these chapter 11 cases. 3. On June 1, 2015, the Committee filed an application to employ and retain Brown Rudnick as its counsel (the Retention Application ), nunc pro tunc to May 13, On June 23, 2015, the Court approved Brown Rudnick s retention as counsel to the Committee nunc pro tunc to May 13, 2015 [Docket No. 450]. 4. On May 26, 2015, the Court entered the Interim Fee Order [Docket No. 201]. Pursuant to the Interim Fee Order, the Court established a procedure for interim compensation and reimbursement of disbursements for professionals appointed in these cases. In particular, the Court authorized the filing and service to certain notice parties of monthly interim fee -2-

8 Case KJC Doc 1068 Filed 10/27/15 Page 8 of 12 applications by professionals appointed in these cases (including professionals employed by the Committee) and payment by the Debtors of 80% of fees and 100% of expenses, in the absence of an objection made within twenty-one (21) days of service of the pertinent application. 5. On August 28, 2015 the Debtors filed their Third Amended Chapter 11 Plan of Liquidation [Docket No. 906] (the "Plan"). The Plan was confirmed on that date and became effective on September 21, 2015 (the "Effective Date"). PAYMENT AND REIMBURSEMENT REQUESTED 6. Brown Rudnick submits this Application (a) for payment of reasonable compensation for actual, reasonable, and necessary professional services performed by it as counsel for the Committee during the Application Period, and (b) for reimbursement of actual, reasonable, and necessary disbursements made to pay expenses incurred in representing the Committee during the Application Period. This Application is made pursuant to the provisions of Sections 328, 330, and 331 of the Bankruptcy Code, Fed. R. Bankr. P. 2016, the Local Rules, the UST Guidelines, the Interim Fee Order, and the Retention Order. This is Brown Rudnick s fifth monthly fee application. 7. During the Application Period, Brown Rudnick rendered legal services to the Committee having a value of $41, in fees, calculated at Brown Rudnick s usual and customary hourly rates as more specifically set forth herein. In addition, Brown Rudnick made disbursements to pay expenses in the amount of $3, during the Application Period. Thus, the total amount of fees (80% of the aggregate amount of fees for the Application Period) and disbursements for which Brown Rudnick seeks approval and payment on an interim basis for the Application Period is $36, Professional services and disbursements for which compensation and reimbursement are sought were rendered and expended on behalf of the Committee pursuant to -3-

9 Case KJC Doc 1068 Filed 10/27/15 Page 9 of 12 Chapter 11 of the Bankruptcy Code. Brown Rudnick believes it is appropriate that it be compensated for the time spent and be reimbursed for the disbursements incurred in connection with these matters. All of the fees and disbursements sought to be paid or reimbursed in this Application were actual, necessary, and reasonable, and benefited the Debtors estates and creditors. 9. As set forth in the Retention Application, the Committee retained Brown Rudnick as its counsel to provide the following professional services: i. assisting and advising the Committee in its discussions with the Debtors and other parties in interest regarding the overall administration of these cases; ii. iii. iv. representing the Committee at hearings to be held before this Court and communicating with the Committee regarding the matters heard and the issues raised as well as the decisions and considerations of this Court; assisting and advising the Committee in its examination and analysis of the conduct of the Debtors affairs; reviewing and analyzing pleadings, orders, schedules, and other documents filed and to be filed with this Court by interested parties in these cases; advising the Committee as to the necessity, propriety, and impact of the foregoing upon these cases; and consenting or objecting to pleadings or orders on behalf of the Committee, as appropriate; v. assisting the Committee in preparing such applications, motions, memoranda, proposed orders, and other pleadings as may be required in support of positions taken by the Committee, including all trial preparation as may be necessary; vi. vii. viii. conferring with the professionals retained by the Debtors and other parties in interest, as well as with such other professionals as may be selected and employed by the Committee; coordinating the receipt and dissemination of information prepared by and received from the Debtors professionals, as well as such information as may be received from professionals engaged by the Committee or other parties-in-interest in these cases; participating in such examinations of the Debtors and other witnesses as may be necessary in order to analyze and determine, among other things, -4-

10 Case KJC Doc 1068 Filed 10/27/15 Page 10 of 12 the Debtors assets and financial condition, whether the Debtors have made any avoidable transfers of property, or whether causes of action exist on behalf of the Debtors estates; ix. negotiating and formulating a plan of reorganization for the Debtors; and x. assisting the Committee generally in performing such other services as may be desirable or required for the discharge of the Committee s duties pursuant to section 1103 of the Bankruptcy Code. REASONABLE AND NECESSARY SERVICES RENDERED 10. As described in more detail below, during the Application Period, Brown Rudnick advised the Committee on a broad range of issues. The matters to which Brown Rudnick s professionals devoted considerable time and effort are as follows: a. D&O Investigation (40.0 hours). During the Application Period, Brown Rudnick reviewed and analyzed the pending causes of action asserted against the Debtors directors and officers and evaluated the potential claims and causes of action to be transferred to the Distribution Trust against its directors. b. Plan and Disclosure Statement (7.7 hours). During the Application Period, Brown Rudnick analyzed the assets that may be preserved and transferred, through the Debtors confirmed Chapter 11 liquidating plan (the Plan ), to the liquidation trust for the benefit of general unsecured creditors (the Distribution Trust ). Additionally, Brown Rudnick finalized the terms of the agreement governing the Distribution Trust (the Distribution Trust Agreement ) and coordinated with key case parties regarding consummation of the Plan. On September 21, 2015, the Debtors substantially consummated the Plan and the Distribution Trust was formed and funded in accordance with the terms of the Plan. c. Meetings and Communications with Creditors (4.8 hours). During the Application Period, Brown Rudnick conducted extensive communications with the -5-

11 Case KJC Doc 1068 Filed 10/27/15 Page 11 of 12 representatives of the Committee, advising and answering questions on the progress of finalizing the terms of the Distribution Trust Agreement and consummating the Plan. 11. Attached hereto as Exhibit A is a summary of the value of the services rendered by Brown Rudnick during the Application Period. 12. Attached hereto as Exhibit B are detailed time entries indicating the daily work performed by each Brown Rudnick professional with respect to whom compensation is sought during the Application Period. 13. In rendering the legal services described in Exhibit B, Brown Rudnick made disbursements to pay expenses in the amount of $3, during the Application Period. These disbursements are set forth in detail and are itemized in Exhibit C. 14. Brown Rudnick has not previously applied for payment of any fees or reimbursement of any disbursement during these cases. Brown Rudnick does not hold a retainer in respect of its services as counsel to the Committee. 15. In accordance with Section 504 of the Bankruptcy Code and Fed. R. Bankr. P. 2016(a), no agreement or understanding exists between Brown Rudnick and any other person for the sharing of compensation received or to be received for services rendered in or in connection with these cases. 16. No agreement or understanding prohibited by 18 U.S.C. 155 has been or will be made by Brown Rudnick. 17. The undersigned has reviewed the requirements of Local Rule and certifies that this Application complies with that Local Rule. 18. Brown Rudnick reserves all rights and claims. Without limiting the generality of the foregoing, Brown Rudnick reserves its right to submit future monthly fee applications, interim fee applications, and final fee applications, including, without limitation, fee applications -6-

12 Case KJC Doc 1068 Filed 10/27/15 Page 12 of 12 seeking final allowance of all amounts sought to be paid or reimbursed herein and in respect of any amounts held back pursuant to the Interim Fee Order or otherwise. WHEREFORE, Brown Rudnick requests immediate payment or reimbursement by the Debtors of the following amounts in connection with its representation of the Committee for the Application Period: 1. interim compensation of $33, (which is 80% of the aggregate amount of Brown Rudnick s fees totaling $41, for the Application Period); and 2. $3, in disbursements. Dated: October 24, 2015 New York, New York BROWN RUDNICK LLP /s/ H. Jeffrey Schwartz H. Jeffrey Schwartz, Esq. (admitted pro hac vice) Bennett S. Silverberg, Esq. (admitted pro hac vice) Seven Times Square New York, NY Telephone: (212) jschwartz@brownrudnick.com bsilverberg@brownrudnick.com Co-Counsel to the Official Committee of Unsecured Creditors -7-

13 Case KJC Doc Filed 10/27/15 Page 1 of 3 EXHIBIT A

14 Case KJC Doc Filed 10/27/15 Page 2 of 3 EXHIBIT A CORINTHIAN COLLEGES, INC., et al. September 1, 2015 through September 21, 2015 a. Case Administration Timekeeper Hours Hourly Rate Total Michael A. Jackson 1.0 $ $ Carol S. Ennis 1.2 $ $ $ b. Meetings and Communications with Creditors Timekeeper Hours Hourly Rate Total H. Jeffrey Schwartz 4.5 $1, $5, Jacob T. Beiswenger.3 $ $5, c. Employment and Fee Applications Timekeeper Hours Hourly Rate Total Carol S. Ennis 3.3 $ $1, $1, d. Plan and Disclosure Statement Timekeeper Hours Hourly Rate Total H. Jeffrey Schwartz 2.2 $1, $2, Bennett S. Silverberg 2.3 $ $2, Barbara J. Kelly 1.7 $ $1, Jacob T. Beiswenger.2 $ $ Stephanie N. Bollheimer 1.3 $ $ $6,980.00

15 Case KJC Doc Filed 10/27/15 Page 3 of 3 e. D&O Investigation Timekeeper Hours Hourly Rate Total H. Jeffrey Schwartz 8.2 $1, $10, Lauren E. Curry 6.9 $ $5, Lara N. Burke 23.8 $ $11, Christian M. Seitz 1.1 $ $ $26, TOTAL HOURS: 58.0 TOTAL FEES: $41,

16 Case KJC Doc Filed 10/27/15 Page 1 of 17 EXHIBIT B

17 IffloWNRUDNICK One Financial Case KJC Doc Filed 10/27/15 Page 2 of 17 CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Center Boston Massachusetts 02 I I I tel 6I fax 6 I I RE: CASE ADMINISTRATION For professional services rendered in connection with the above captioned matter through September 30, 2015: Matter No. Matter Name CASE ADMINISTRATION Total Current Fees Total Invoice Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

18 B CORINTHIAN Case KJC Doc Filed 10/27/15 Page 3 of 17 COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED Invoice CR Page 2 RE: CASE ADMINISTRATION October 21, 2015 TIME DETAIL Date Professional Description Hours 09/01/15 JACKSON CIRCULATE NEWLY FILED PLEADINGS 09/03/15 JACKSON CIRCULATE KEY PLEADINGS AND UPDATE CASE CALENDAR 09/10/15 ENNIS CIRCULATE COPIES OF RECENTLY FILED SUBSTANTIVE PLEADINGS 09/14/15 ENNIS CIRCULATE ORDERS ENTERED 09/15/15 ENNIS CIRCULATE DEBTORS' OBJECTION TO JENNIFER STEVENS' MOTION FOR RELIEF 09/15/15 ENNIS CIRCULATE AMENDED SCHEDULES 09/21/15 ENNIS CIRCULATE MISCELLANEOUS PLEADINGS Total Hours TIME S U AR Y Professional Hours Rate Value CAROL S. ENNIS 1.2 hours at MICHAEL A. JACKSON 1.0 hours at Total Fees INCLUDES ONLY TIMEAND COSTS TO DATE KINDLYRETURNATTACHED REMITTANCEPAGE WITH YOUR PAYMENT PAYABLE WITHIN 30 DAYS TAX IDENTIFICATION # Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

19 BRownrudnick Case KJC Doc Filed 10/27/15 Page 4 of 17 One Financial Center Boston Massachusetts CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, te fax 6 I I RE: CASE ADMINISTRATION Remittance «Balance Due: $ n_ i c h To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number: Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

20 Case KJC Doc Filed 10/27/15 Page 5 of 17 asownrudnick Boston Massachusetts CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, I I I tel 6I fax 6 I I RE: MEETINGS AND COMMUNICATIONS WITH CREDITORS For professional services rendered in connection with the above captioned matter through September 30, 2015: Matter No. Matter Name MEETINGS AND COMMUNICATIONS WITH CREDITORS 5, , Total Current Fees Total Invoice $5, Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

21 B CORINTHIAN Case KJC Doc Filed 10/27/15 Page 6 of 17 COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED Invoice CR Page 2 RE: MEETINGS AND COMMUNICATIONS WITH CREDITORS October 21, 2015 TIME DETAIL Date Professional Description Hours 09/01/15 SCHWARTZ PREP FOR AND PARTICIPATION IN ALL HANDS MEETING RE EFFECTIVE DATE 09/02/15 SCHWARTZ PREPARE FOR COMMITTEE MEETING AND EFFECTIVE DATE 09/10/15 BEISWENGER RESPOND TO CREDITOR INQUIRIES Tota Hours TIME SUMMARY Professional Hours Rate Value H. JEFFREY SCHWARTZ 4.5 hours at 1, , JACOB T. BEISWENGER 0.3 hours at Total Fees 5, INCLUDES ONLY TIMEAND COSTS TO DATE KINDLY RETURNATTACHED REMITTANCEPAGE WITH YOUR PAYMENT PAYABLE WITHIN 30 DAYS TAX IDENTIFICATION# Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

22 Case KJC Doc Filed 10/27/15 Page 7 of 17 ysowisrudnick One Financial CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Massachusetts 02 I I I tel 6I fax 6 I I RE: MEETINGS AND COMMUNICATIONS WITH CREDITORS Remittance '\ k' Balance Due: $5, To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number: Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

23 ÿhownrudnick Case KJC Doc Filed 10/27/15 Page 8 of 17 CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Oct 21, One Financial Center Boston Massachusetts 02 I I I tel 6I fax 6 I I RE: EMPLOYMENT AND FEE APPLICATIONS For professional services rendered in connection with the above captioned matter through September 30, 2015: Matter No Matter Name EMPLOYMENT AND FEE APPLICATIONS 1, , Total Current Fees Total Invoice Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

24 B CORINTHIAN Case KJC Doc Filed 10/27/15 Page 9 of 17 COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED Invoice CR Page 2 RE: EMPLOYMENT AND FEE APPLICATIONS October 21, 2015 TIME DETAIL Date Professional Description Hours 09/15/15 ENNIS COORDINATE WITH LOCAL COUNSEL RE: FILING OF CNO IN CONNECTION WITH BROWN RUDNICK JULY FEE APPLICATION 09/16/15 ENNIS DRAFT AUGUST FEE APPLICATION 09/21/15 ENNIS MODIFICATIONS TO BROWN RUDNICK AUGUST FEE APPLICATION 09/21/15 ENNIS MODIFICATIONS TO BROWN RUDNICK AUGUST FEE APPLICATION 09/22/15 ENNIS MODIFICATIONS TO AUGUST FEE APPLICATION 09/25/15 ENN S FINALIZE BROWN RUDNICK AUGUST FEE APPLICATION (.6); COORDINATE FILING RE: SAME (.3); PROVIDE US TRUSTEE WITH LEDES FORMATTED INVOICES (.2) Total Hours TIME SUMMARY Professional Hours Rate Value CAROL S. ENNIS 3.3 hours at , Total Fees 1,122,00 INCLUDES ONLY TIME AND COSTS TO DATE KINDLYRETURNATTACHED REMITTANCEPAGE WITH YOUR PAYMENT PAYABLE WITHIN 30 DAYS TAX IDENTIFICATION# Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

25 Case KJC Doc Filed 10/27/15 Page 10 of 17 3SOWNRUDNICK Center CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Boston Massachusetts 02 I I I tel fax 6 I I RE: EMPLOYMENT AND FEE APPLICATIONS Remittance Balance Due: n_ $1, i c h To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number: Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

26 Case KJC Doc Filed 10/27/15 Page 11 of 17 3SOWISRUDNICK CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Massachusetts tel 6I fax 6 I I RE: PLAN AND DISCLOSURE STATEMENT For professional services rendered in connection with the above captioned matter through September 30, 2015: Matter No Matter Name PLAN AND DISCLOSURE STATEMENT 6, , Total Current Fees Total Invoice Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

27 ÿi CORINTHIAN Case COLLEGES, KJC INC. OFFICIAL Doc COMMITTEE OF Filed UNSECURED 10/27/15 Page 12 Invoice of CR Page 2 ÿ RE: PLAN AND DISCLOSURE STATEMENT October 21, 2015 TIME DETAIL Date Professional Description Hours 09/09/15 SCHWARTZ ANALYSIS OF EFFECTIVE DATE RELATED DATA AND ASSET PROSECUTION ISSUES 09/10/15 BOLLHEIMER REVIEW OF REVISED DISTRIBUTION TRUST AGREEMENT 09/10/15 KELLY REVIEW OF TRUST AGREEMENT AND SUMMARY CONFIRMATION OF SAME 09/15/15 SILVERBERG TELEPHONE CONFERENCE WITH CCI, FTI, BOA, RLF C. JALPERT REGARDING EFFECTIVE DATE PREPARATIONS 09/16/15 S LVERBERG ATTENTION TO EFFECTIVE DATE ISSUES 09/17/15 BOLLHEIMER REVIEW OF AND ATTACHMENTS FROM CHRISTOPHER SLAYBAUGH OF WILMINGTON TRUST (.3); CALL TO CHRISTOPHER SLAYBAUGH OF WILMINGTON TRUST RE: TRUST AGREEMENT AND FILLING (.3) 09/17/15 KELLY ATTENTION TO FINALIZING DISTRIBUTION TRUST AND APPROVAL OF TRUST TERMS 09/25/15 BEISWENGER REVIEW AND ANALYZE PLAN PROVISIONS RE: EXCEPTIONS TO COMMITTEE DISSOLUTION Total Hours E S U IARY Professional Hours Rate Value H. JEFFREY SCHWARTZ 2.2 hours at 1, , BENNETTS. SILVERBERG 2.3 hours at , BARBARA J KELLY 1.7 hours at , JACOB T. BEISWENGER 0.2 hours at STEPHANIE N. BOLLHEIMER 1.3 hours at Total Fees 6, INCLUDES ONLY TIME AND COSTS TO DATE KINDLY RETURNATTACHED REMITTANCEPAGE WITH YOUR PAYMENT PAYABLE WITHIN 30 DAYS TAX IDENTIFICATION# Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

28 Case KJC Doc Filed 10/27/15 Page 13 of 17 aaownrudnick CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Massachusetts 02 I I I tel 6I fax 6 I I RE: PLAN AND DISCLOSURE STATEMENT Balance Due: $6, I C h C O m To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number: Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

29 BIownrudnick One Financial Case KJC Doc Filed 10/27/15 Page 14 of 17 CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Oct 21, Center Boston Massachusetts 02 I I I tel 6I fax 6 I RE: D&O INVESTIGATION For professional services rendered in connection with the above captioned matter through September 30, 2015: Matter No. Matter Name D&O INVESTIGATION 26, , Total Current Fees Total Invoice Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

30 Case KJC Doc Filed 10/27/15 Page 15 of 17 CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED Invoice CR Pa9e 2 RE: D&O INVESTIGATION October 21, 2015 TIME DETAIL Date Professional Description Hours 09/02/15 SEITZ REVIEW CASE DATABASE FOR LIST OF CORPORATE OFFICERS AND DIRECTORS DURING LOOK BACK PERIOD 09/03/15 BURKE COMPILE LIST OF TARGET CCI DIRECTORS AND OFFICERS SERVING OVER THE BREACH OF FIDUCIARY DUTY "LOOK BACK" PERIOD 09/04/15 SCHWARTZ ANALYSIS OF EFFECTIVE DATE ISSUES RE DATA AS RELATES TO CLAIMS PROSECUTION /08/15 CURRY REVIEW AND REVISE D&O CLAIMS CHART /08/15 SCHWARTZ ANALYSIS OF EFFECTIVE DATE ISSUES RE DATA AND DOCUMENT RETENTION TO SUPPORT LITIGATION 09/08/15 BURKE STRATEGIZE REGARDING BREACH OF FIDUCIARY DUTY CLAIMS 09/08/15 BURKE ADD DETAILED CLAIM INFORMATION TO CHART OF CLAIMS AGAINST DIRECTORS AND OFFICERS 09/09/15 BURKE REVISE CHART OF CLAIMS ASSERTED AGAINST CORINTHIAN COLLEGES INC /09/15 CURRY PREPARE D&O SUMMARIES /10/15 CURRY CORRESPONDENCE RE D&O POLICIES /11/15 BURKE RESEARCH AND ANALYZE CLAIMS OF BREACH OF FIDUCIARY DUTY 09/11/15 BURKE REVIEW SECURITIES AND EXCHANGE COMMISSION FILINGS AND COMPILE LIST OF DIRECTORS AND OFFICERS WHOSE COMMUNICATIONS SHOULD BE PRESERVED 09/13/15 BURKE RESEARCH POSSIBLE BREACH OF FIDUCIARY DUTY CLAIMS /15/15 BURKE RESEARCH BREACH OF FIDUCIARY DUTY CLAIMS /15/15 BURKE DRAFT MEMORANDUM ADDRESSING POSSIBLE BREACH OF FIDUCIARY CLAIMS TO BE ASSERTED AGAINST DIRECTORS AND OFFICERS 09/15/15 BURKE REVISE MEMORANDUM ADDRESSING POSSIBLE BREACH OF FIDUCIARY DUTY CLAIMS TO BE BROUGHT AGAINST DIRECTORS AND OFFICERS 09/17/15 BURKE STRATEGIZE REGARDING DOCUMENT REQUESTS AND OTHER FIRM DOCUMENT REQUESTS AS TEMPLATES /17/15 CURRY CORRESPONDENCE RE DOCUMENT REQUEST 1.1 Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

31 CORINTHIAN Case COLLEGES, KJC INC. OFFICIAL Doc COMMITTEE OFFiled UNSECURED 10/27/15 Page 16 Invoice of CR Pa9e 3 RE: D&O INVESTIGATION October 21, /18/15 CURRY REVISE DOCUMENT REQUEST /18/15 BURKE RESEARCH (.9) AND DRAFT (1.5) DISCOVERY REQUEST 09/21/15 SCHWARTZ ANALYSIS OF LITIGATION STRATEGIC AND RESOLUTION STRATEGIES Total Hours 40.0 TIME SUMMARY Professional Hours Rate Value LAUREN E. CURRY 6.9 hours at , H. JEFFREY SCHWARTZ 8.2 hours at 1, , LARA N. BURKE 23.8 hours at , CHRISTIAN M. SEITZ 1.1 hours at Total Fees 26, INCLUDES ONLY TIME AND COSTS TO DATE KINDLY RETURNATTACHED REMITTANCEPAGE WITH YOUR PAYMENT PAYABLE WITHIN 30 DAYS TAX IDENTIFICATION# Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

32 Case KJC Doc Filed 10/27/15 Page 17 of 17 asowisrudnick Center CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, Boston Massachusetts 02 I I I tel 6I fax 6 I RE: D&O INVESTIGATION Remittance " V Balance Due: $26, To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number: Boston Dublin Hartford London New York Orange County Paris Providence Washington, D.C.

33 Case KJC Doc Filed 10/27/15 Page 1 of 1 CORINTHIAN COLLEGES, INC. OFFICIAL COMMITTEE OF UNSECURED CR C/O BROWN RUDNICK LLP SEVEN TIMES SQUARE NEW YORK NY UNITED STATES Invoice Date Client Oct 21, RE: COSTS ONLY Balance Due: $3, To ensure proper credit to your account, please include this page with your payment. Remittance Address P.O. Box Boston, MA Wire Instructions Citibank N.A. 153 E 53rd Street, Floor 23 New York, NY ABA Number: SWIFT Code: CITIUS33 For Credit To Deposit Account Account Number:

34 Case KJC Doc Filed 10/27/15 Page 1 of 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: CORINTHIAN COLLEGES, INC., et al., Debtors. 1 Chapter 11 Case No (KJC) (Jointly Administered) Hearing Date: Only if an objection is filed Obj. Deadline: Nov. 17, 2015 at 4:00 p.m. (ET) NOTICE OF FIFTH MONTHLY FEE APPLICATION OF BROWN RUDNICK LLP, AS COUNSEL TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS, FOR PAYMENT OF INTERIM COMPENSATION AND FOR REIMBURSEMENT OF DISBURSEMENTS INCURRED FOR THE PERIOD SEPTEMBER 1, 2015 THROUGH SEPTEMBER 30, 2015 PLEASE TAKE NOTICE that on October 27, 2015, filed its Second Monthly Application for Payment of Interim Compensation and for Reimbursement of Disbursements Incurred for the Period from September 1, 2015 through September 30, 2015 (the Application ) with the United States Bankruptcy Court for the District of Delaware, 824 N. Market Street, Wilmington, Delaware (the Court ), seeking an allowance of fees in the amount of $33, (80% of $41,307.50) and reimbursement of actual and necessary expenses in the amount of $3, PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application must be made in accordance with the Court s Order Establishing Procedures for Interim Compensation and Reimbursement of Professionals (the Administrative Order ) [Dkt. No. 201; filed 5/26/15], and must be filed with the Clerk of the Court and served upon (i) the U.S. Trustee, J. Caleb Boggs Federal Building, 844 N. King Street, Room 2207, Wilmington, Delaware 19801, Attention: Richard L. Schepacarter ( richard.schepacarter@usdoj.gov) and Timothy Jay Fox, Jr. ( timothy.fox@usdoj.gov); (ii) the Debtors, Corinthian Colleges, Inc., 6 Hutton Centre Drive, Suite 400, Santa Ana, CA 92707, Attention: William J. Nolan; (iii) counsel to the Debtors, Richards, Layton & Finger, P.A., One Rodney Square, 920 North King Street, Wilmington, DE 19801, Attention: Mark D. Collins ( collins@rlf.com) and Michael J. Merchant ( merchant@rlf.com); (iv) counsel to Bank of America, N.A. in its capacity as Administrative Agent for the Debtors Lenders, (a) Sidley Austin LLP, 555 West Fifth Street, Suite 4000, Los Angeles, CA 90013, Attention: Jennifer Hagle; and (b) Potter Anderson Corroon LLP, Hercules Plaza, 1313 North Market Street, 6 th Floor, P.O. Box 951 Wilmington, DE 19801, 1 The Debtors in these cases, along with the last four digits of each Debtor s federal tax identification number, are: Corinthian Colleges, Inc. (7312), Corinthian Schools, Inc. (0525), Rhodes Colleges, Inc. (7311), Florida Metropolitan University, Inc. (7605), Corinthian Property Group, Inc. (2106), Titan Schools, Inc. (3201), Career Choices, Inc. (1425), Sequoia Education, Inc. (5739), ETON Education, Inc. (3608), Ashmead Education, Inc. (9120), MJB Acquisition Corporation (1912), ECAT Acquisition, Inc. (7789), Pegasus Education, Inc. (2336), Grand Rapids Educational Center, Inc. (2031), Rhodes Business Group, Inc. (6709), Everest College Phoenix, Inc. (6173), CDI Education USA, Inc. (0505), SP PE VII-B Heald Holdings Corp. (0115), SD III-B Heald Holdings Corp. (9707), Heald Capital LLC (6164), Heald Real Estate, LLC (4281), Heald Education, LLC (1465), Heald College, LLC (9639), QuickStart Intelligence Corporation (5665) and Socle Education, Inc. (3477). The Debtors corporate headquarters is at 6 Hutton Centre Drive, Suite 400, Santa Ana, California { }

35 Case KJC Doc Filed 10/27/15 Page 2 of 2 Attention: Jeremy Ryan ( jryan@potteranderson.com); (v) counsel to The Official Committee of Student Creditors, (a) Polsinelli PC, 222 Delaware Avenue, Suite 1101, Wilmington, DE 19801, Attention: Christopher A. Ward ( cward@polsinelli.com) and Shanti M. Katona ( skatona@polsinelli.com) and (b) Robins Kaplan LLP, 2049 Century Park East, Suite 3400, Los Angeles, CA 90067, Attention: Scott F. Gautier ( sgautier@robinskaplan.com), Lorie A. Ball ( lball@robinskaplan.com), and Cynthia C. Hernandez ( chernandez@robinskaplan.com); and (vi) The Rosner Law Group LLC, 824 N. Market St., Suite 810, Wilmington, Delaware 19801, Attention: Frederick B. Rosner ( rosner@teamrosner.com) and Julia B. Klein, Esq. ( klein@teamrosner.com) and Brown Rudnick LLP, Seven Times Square, New York, NY 10036, Attention: H. Jeffrey Schwartz ( jschwartz@brownrudnick.com) (collectively, the Notice Parties ), and Bennett S. Silverberg ( bsilverberg@brownrudnick.com), so as to be received by no later than November 17, 2015 at 4:00 p.m. (ET) (the Objection Deadline ). Only those objections that are timely filed and served so as to be received by the Notice Parties on or before the Objection Deadline will be considered by the Court. PLEASE TAKE FURTHER NOTICE THAT IF NO RESPONSE IS FILED OR RECEIVED PRIOR TO THE OBJECTION DEADLINE, THE COURT MAY ENTER THE RELIEF REQUESTED IN THE APPLICATION WITHOUT FURTHER NOTICE OR HEARING. IF AN OBJECTION IS FILED AND SERVED IN ACCORDANCE WITH THE AFOREMENTIONED PROCEDURES AND SUCH OBJECTION IS NOT OTHERWISE RESOLVED, A HEARING TO CONSIDER THE APPLICATION WILL BE SCHEDULED AT A DATE AND TIME CONVENIENT TO THE COURT BEFORE THE HONORABLE KEVIN J. CAREY, UNITED STATES BANKRUPTCY JUDGE, UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE, 824 N. MARKET STREET, 5 TH FLOOR, COURTROOM 5, WILMINGTON, DELAWARE Dated: October 27, 2015 Wilmington, Delaware THE ROSNER LAW GROUP LLC /s/ Julia B. Klein Frederick B. Rosner (DE 3995) Julia B. Klein, Esq. (DE 5189) 824 N. Market Street, Suite 810 Wilmington, Delaware Telephone: (302) rosner@teamrosner.com klein@teamrosner.com Delaware Counsel to the Official Committee of Unsecured Creditors { } 2