scc Doc 333 Filed 10/11/17 Entered 10/11/17 11:29:23 Main Document Pg 1 of 23 : :

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1 Pg 1 of 23 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x In re TOISA LIMITED, et al., Debtors x Chapter 11 Case No (SCC) (Jointly Administered) COVER SHEET OF SIXTH MONTHLY FEE STATEMENT OF SCURA PALEY SECURITIES LLC FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE DEBTORS AND DEBTORS IN POSSESSION FOR THE PERIOD FROM SEPTEMBER 1, 2017 TO AND INCLUDING SEPTEMBER 30, 2017 Name of Applicant Authorized to Provide Professional Services to Scura Paley Securities LLC Debtors and Debtors in Possession Date of Retention January 29, 2017 Period for Which Compensation and Reimbursement Are Requested September 1, 2017 September 30, 2017 Amount of Compensation Requested $110, Amount of Compensation Requested Immediately $88, (80% of $110,000.00) Amount of Compensation Held Back $22, (20% of $110,000.00) Amount of Expense Reimbursement Requested $31, This is a(n) monthly x interim final application 1 The Debtors are as follows Trade Prosperity, Inc.; Toisa Limited; United Courage, Inc.; Trade Vision, Inc.; United Journey, Inc.; United Kalavryta, Inc.; Trade Sky, Inc.; Trade Industrial Development Corporation; United Honor, Inc.; Trade Will, Inc.; United Leadership Inc.; United Seas, Inc.; United Dynamic, Inc.; United Emblem, Inc.; United Ideal Inc.; Trade Unity, Inc.; Trade Quest, Inc.; Trade Spirit, Inc.; Trade Resource, Inc.; United Ambassador, Inc.; Edgewater Offshore Shipping, Ltd.; United Banner, Inc.; Toisa Horizon, Inc.; and Trade and Transport Inc.

2 Pg 2 of 23 SIXTH MONTHLY FEE STATEMENT OF SCURA PALEY SECURITIES LLC AS FINANCIAL ADVISOR TO THE DEBTORS AND DEBTORS IN POSSESSION SEPTEMBER 1, 2017 SEPTEMBER 30, 2017 Time by Professional Name Title Total Hours Managing Partner 88.0 Partner 96.5 Partner 85.5 Associate Dianne Mazzola Executive Assistant 16.5 Total Time by Category Project Category Total Hours A - Adminisration 41.5 B C D - Capital Structure Analysis 1.5 E - Discussions with Creditors and Total ii

3 Pg 3 of 23 SIXTH MONTHLY FEE STATEMENT OF SCURA PALEY SECURITIES LLC AS FINANCIAL ADVISOR TO THE DEBTORS AND DEBTORS IN POSSESSION SEPTEMBER 1, 2017 SEPTEMBER 30, 2017 Expense Category Amount Airfare $ 14, Foreign Transaction Fees Gratuities $70.00 International Phone Charges Internet Legal 3, Lodging 12, Meals Rail Transportation Taxis TOTAL $ 31, iii

4 Pg 4 of 23 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x In re TOISA LIMITED, et al., Debtors x Chapter 11 Case No (SCC) (Jointly Administered) SIXTH MONTHLY FEE STATEMENT OF SCURA PALEY SECURITIES LLC FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE DEBTORS AND DEBTORS IN POSSESSION FOR THE PERIOD FROM SEPTEMBER 1, 2017 TO AND INCLUDING SEPTEMBER 30, 2017 TO THE HONORABLE SHELLEY C. CHAPMAN, UNITED STATES BANKRUPTCY JUDGE Scura Paley Securities LLC ( Scura Paley ), financial advisor to the debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the Debtors ), hereby submits this sixth monthly fee statement (this Fee Statement ) for (a) allowance of compensation for professional services rendered on behalf of the Debtors during the period from September 1, 2017 to and including September 30, 2017 (the Compensation Period ) in the amount of $88,000.00, representing 80% of Scura Paley s unpaid Monthly Fee for September 2017 ($110,000.00) and (b) reimbursement of 100% of the actual and necessary expenses incurred by Scura Paley during the Compensation Period in connection with its services to the 1 The Debtors are as follows Trade Prosperity, Inc.; Toisa Limited; United Courage, Inc.; Trade Vision, Inc.; United Journey, Inc.; United Kalavryta, Inc.; Trade Sky, Inc.; Trade Industrial Development Corporation; United Honor, Inc.; Trade Will, Inc.; United Leadership Inc.; United Seas, Inc.; United Dynamic, Inc.; United Emblem, Inc.; United Ideal Inc.; Trade Unity, Inc.; Trade Quest, Inc.; Trade Spirit, Inc.; Trade Resource, Inc.; United Ambassador, Inc.; Edgewater Offshore Shipping, Ltd.; United Banner, Inc.; Toisa Horizon, Inc.; and Trade and Transport Inc.

5 Pg 5 of 23 Debtors in the amount of $31, In support of this Fee Statement, Scura Paley respectfully represents as follows JURISDICTION AND VENUE 1. The United States Bankruptcy Court for the Southern District of New York (the Court ) has jurisdiction over this matter pursuant to 28 U.S.C. and 1334 and the Amended Standing Order of Reference from the United States District Court for the Southern District of New York, dated January 31, This is a core proceeding within the meaning of 28 U.S.C. 157(b)(2). Venue is proper pursuant to 28 U.S.C and BACKGROUND 2. On January 29, 2017, (the Petition Date ), the Debtors each commenced a case by filing a petition for relief under chapter 11 of the Bankruptcy Code. The Debtors continue to operate their businesses and manage their properties as debtors and debtors in possession pursuant to Bankruptcy Code sections 1107(a) and On April 12, 2017, the Debtors filed an application to retain and employ Scura Paley as their financial advisor [Docket No. 113] (the Retention Application ) in accordance with the terms and conditions of that certain engagement letter between Scura Paley and the Debtors dated as of February 1, 2017 (the Engagement Letter ). 2 A copy of the Engagement Letter was filed as Exhibit B to the Retention Application. 4. On July 24, 2017, the Court entered the final order approving the Retention Application [Docket No. 251] (the Retention Order ). The Retention Order authorizes the Debtors to compensate Scura Paley in accordance with the terms of the Engagement Letter, as modified by the Retention Order, pursuant to the standards set forth in sections 327(a) and 328(a) 2 All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Engagement Letter. The Engagement Letter amends and restates a previous engagement letter between Scura Paley and the Debtors dated as of November 2,

6 Pg 6 of 23 of the Bankruptcy Code, and to reimburse Scura Paley for all actual and necessary expenses relating to these chapter 11 cases. 5. On February 21, 2017, the Court entered an order, which generally sets forth the procedures for interim compensation and expense reimbursement for retained professionals [Docket No. 37] (the Interim Compensation Order ). The Interim Compensation Order provides that if no party has objected to the compensation sought in a Monthly Fee Statement (as defined in the Interim Compensation Order) within thirty-five (35) days after the month for which compensation is sought, the Debtors shall promptly pay to such professional an amount equal to 80% of the fees and 100% of the expenses requested in the Monthly Fee Statement. RELIEF REQUESTED 6. By this Fee Statement, Scura Paley requests (a) allowance of compensation for professional services rendered on behalf of the Debtors during the Compensation Period in the amount of $88,000.00, representing 80% of Scura Paley s unpaid Monthly Fee for September 2017 ($110,000.00) and (b) reimbursement of 100% of the actual and necessary expenses incurred by Scura Paley during the Compensation Period in connection with its services to the Debtors amount of $31, All services for which compensation is requested by Scura Paley were performed during the Compensation Period on behalf of the Debtors. During the Compensation Period, Scura Paley performed significant services on behalf of the Debtors, including but not limited to the following (a) (b) (c) Preparation of cash budgets related to cash collateral orders; Preparation of variance analyses relative to budgets; Discussions with creditors and their financial advisor explaining variances; 3

7 Pg 7 of 23 (d) (e) (f) (g) (h) (i) Analysis of the prepetition earnings of the Debtors vessels and the tracking of the cash related thereto; Preparation of the Monthly Operating Reports; Analysis of the Debtors capital structure; Preparation of financial forecasts in connection with restructuring discussions; Discussions with creditors financial advisor concerning possible restructuring strategies; and Meetings and discussions with Debtors management concerning possible restructuring strategies. 8. Although Scura Paley, in line with market convention, does not bill by the hour, Scura Paley kept track of its post-petition time in half-hour increments in accordance with the Retention Order. Such time records are attached hereto as Exhibit A. During the Compensation Period, Scura Paley professionals spent approximately hours providing financial advisory and investment banking services to the Debtors. 9. The fees charged by Scura Paley have been billed in accordance with the Engagement Letter and the Retention Order, and are comparable to those fees charged by Scura Paley for professional services rendered in connection with comparable matters. Scura Paley submits that such fees are reasonable based upon the customary compensation charged by similarly skilled practitioners in comparable bankruptcy cases and non-bankruptcy matters in the competitive national financial advisory and investment banking market. 10. Scura Paley also incurred certain necessary expenses during the Compensation Period for which it is entitled to reimbursement under the Engagement Letter. As set forth in detail in the summary attached hereto as Exhibit B, Scura Paley s total expenses incurred during the Compensation Period are $31,

8 Pg 8 of 23 WHEREFORE, Scura Paley respectfully requests (a) allowance of compensation for professional services rendered on behalf of the Debtors during the Compensation Period in the amount of $88,000.00, representing 80% of Scura Paley s unpaid Monthly Fee for September 2017 ($110,000.00), and (b) reimbursement of 100% of the actual and necessary expenses incurred by Scura Paley during the Compensation Period in connection its services to the Debtors in the amount of $31,860.88, for a total interim award of $119, Dated October 11, 2017 Respectfully submitted, /s/ Paul V. Scura Paul V. Scura Managing Partner Scura Paley Securities LLC 5

9 Pg 9 of 23 Exhibit A Time Records of Scura Paley Professionals Date Category Professionals Hours Description Discussions with Creditors and Call with PJT re bank meeting 9/1/2017 Discussions with Creditors and Call with PJT re bank meeting 9/1/2017 9/1/ Review Offshore business plan, presentation 9/1/2017 Administration 2.0 August time log 9/3/2017 Administration 9/4/ Review Offshore business plan, presentation 9/4/2017 Administration 9/5/2017 Discussions with Creditors and 1.0 Oceangoing dry run Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/5/2017 Discussions with Creditors and MSI recap 9/5/2017 9/5/2017 Discussions with Creditors and 1.0 Call with PJT 9/5/2017 Discussions with Creditors and 1.5 Call with TSS 9/5/2017 Call with 9/5/2017 Call with Call with 9/5/2017 9/5/2017 Discussions with Creditors and 1.0 Oceangoing dry run Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/5/2017 Discussions with Creditors and MSI recap 9/5/2017 9/5/2017 Discussions with Creditors and 1.0 Call with PJT 9/5/2017 Discussions with Creditors and 1.5 Call with TSS 9/5/2017 Call with 9/5/2017 Discussions with Creditors and Call with Paul Leand 9/5/2017 Discussions with Creditors and 1.0 Oceangoing dry run

10 Date Category Pg 10 of 23 Professionals Hours Description Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/5/2017 9/5/2017 Discussions with Creditors and 1.0 Call with PJT 9/5/2017 Discussions with Creditors and 1.5 Call with TSS 9/5/2017 Call with 9/5/2017 Call with 9/5/2017 Call with Discussions with Creditors and 1.5 Conference call - UCC 9/5/2017 9/5/ Conference call - Offshore business plan, presentation 9/5/ Review Offshore market commercial update, 3rd party research Conference call - MSI Recap 9/5/2017 Conference call - Other claims 9/5/2017 9/5/2017 Capital Structure Analysis Call with Matt Vertin - Other claims 2.0 Conference call - Togut 9/5/2017 9/5/2017 Administration 9/6/2017 Administration Dianne Mazzola 1.0 Travel arrangements for 9/6/2017 Administration Dianne Mazzola 2.0 Travel arrangements for 9/6/2017 Administration Dianne Mazzola 2.0 Prepare time records 9/6/2017 Discussions with Creditors and 2.0 Meeting with Toisa 9/6/2017 Discussions with Creditors and 1.0 Meeting with AMA 9/6/2017 Call with 9/6/2017 Discussions with Creditors and 2.0 Meeting with Toisa 9/6/2017 Discussions with Creditors and 1.0 Meeting with AMA 9/6/2017 Discussions with Creditors and 1.0 Meeting with AMA 9/6/2017 Call with 9/6/2017 Discussions with Creditors and 2.0 Meeting with Toisa 2.5 Review ZC cash reconciliation 9/6/2017 9/6/ Meeting at B&M - Cash reconciliation

11 Date Category Pg 11 of 23 Professionals Hours Description Discussions with Creditors and Meeting at AMA - Cash reconciliation 9/6/2017 9/6/2017 Administration 9/7/2017 Administration Dianne Mazzola 1.0 Travel arrangements for 9/7/2017 Administration Dianne Mazzola 1.0 Prepare time records 9/7/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/7/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/7/ Call re tax questions 9/7/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/7/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/7/2017 Discussions with Creditors and 2.0 Call re tax questions 9/7/2017 Discussions with Creditors and Call with 9/7/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/7/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/7/ Call re tax questions 9/7/2017 Discussions with Creditors and Call with 9/7/ Review Oceangoing business plan, presentation 9/7/ Conference call - Oceangoing business plan, presentation 9/7/ Conference call - Offshore business plan, presentation 2.0 Conference call - Tax questions 9/7/2017 9/7/2017 Administration 9/8/2017 Administration Dianne Mazzola 1.0 Travel arrangements for 9/8/2017 Administration Dianne Mazzola 1.5 Prepare time records 9/8/2017 Administration Dianne Mazzola 1.0 Finalize monthly expenses 9/8/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/8/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 9/8/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/8/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 3

12 Date Category Pg 12 of 23 Professionals Hours Description 9/8/2017 Discussions with Creditors and Call with Robert Hennebry 9/8/2017 Discussions with Creditors and 1.5 Oceangoing dry run 9/8/2017 Discussions with Creditors and 1.5 Offshore presentation rehearsal 1.0 Reviewing updated presentations 9/8/ Conference call - Offshore dry run 9/8/ Conference call - Oceangoing dry run 9/8/2017 9/8/2017 Administration 9/9/ Review updated Offshore business plan, presentation 9/10/2017 Discussions with Creditors and 8.0 Travel to London 9/10/ Review updated Oceangoing business plan, presentation 9/11/2017 Discussions with Creditors and 8.0 Travel to London 9/11/2017 Discussions with Creditors and 8.0 Travel to London 2.0 Review other claims presentation 9/11/2017 9/11/2017 Administration 9/12/2017 Discussions with Creditors and 8.0 Offshore presentation rehearsal 9/12/2017 Discussions with Creditors and Call with PJT 9/12/2017 Discussions with Creditors and 8.0 Offshore presentation rehearsal 9/12/2017 Discussions with Creditors and Call with PJT 9/12/2017 Discussions with Creditors and 8.0 Offshore presentation rehearsal 9/12/2017 Discussions with Creditors and Call with PJT 1.0 Review updated business plans 9/12/2017 Discussions with Creditors and Conference call - UCC 9/12/2017 9/12/ Conference call - Offshore business plan, presentation 9/12/ Conference call - Other claims presentation 9/12/2017 Administration 4

13 Date Category Pg 13 of 23 Professionals Hours Description 9/13/2017 Discussions with Creditors and 6.0 Prepare for bank meetings 9/13/2017 Discussions with Creditors and 6.0 Prepare for bank meetings 9/13/2017 Discussions with Creditors and 6.0 Prepare for bank meetings 1.0 Review updated other claims 9/13/2017 9/13/2017 Administration 9/14/2017 Discussions with Creditors and 8.0 Meeting with banks 9/14/2017 Discussions with Creditors and 8.0 Travel from London 9/14/2017 Discussions with Creditors and 8.0 Meeting with banks 9/14/2017 Discussions with Creditors and Call with Paul Leand 9/14/ Dinner with Gregory Callimanopulos 9/14/2017 Discussions with Creditors and 8.0 Meeting with banks Discussions with Creditors and 7.0 Presentations to Banks 9/14/2017 9/14/2017 Administration 9/15/ Meeting with Gregory Callimanopulos 9/15/2017 Call with 9/15/2017 Discussions with Creditors and 11.0 Travel from London 9/15/2017 Call with 9/15/2017 Administration 9/18/2017 Administration Dianne Mazzola 1.0 Prepare time records 9/18/2017 Administration 4.0 Bankruptcy hearing 9/18/2017 Call with 9/18/2017 Administration 4.0 Bankruptcy hearing 9/18/2017 Call with 9/18/2017 Discussions with Creditors and Call with Paul Leand 9/18/2017 Call with 9/18/2017 Call with 9/18/ Research other mediated restructurings 5

14 Date Category Pg 14 of 23 Professionals Hours Description 1.0 Review updated plans, presentations 9/18/2017 9/18/2017 Administration 9/19/2017 Discussions with Creditors and Prep for UCC meeting 9/19/2017 Discussions with Creditors and 2.0 UCC presenation 9/19/2017 Discussions with Creditors and 2.0 Prep for Lenders meeting 9/19/2017 Discussions with Creditors and 6.0 Toisa plan discussion 9/19/2017 Call with Toisa 9/19/2017 Discussions with Creditors and Prep for UCC meeting 9/19/2017 Discussions with Creditors and 1.0 Prep for Lenders meeting 9/19/2017 Discussions with Creditors and 6.0 Toisa plan discussion 9/19/2017 Call with 9/19/2017 Discussions with Creditors and Prep for UCC meeting 9/19/2017 Discussions with Creditors and 2.0 UCC presenation 9/19/2017 Discussions with Creditors and 2.0 Prep for Lenders meeting 9/19/2017 Discussions with Creditors and 6.0 Toisa plan discussion 9/19/2017 Call with 9/19/2017 Discussions with Creditors and 2.0 Meeting with UCC - Business plan, cash reconciliation 1.5 Meeting at ZC - Prep for lender meeting 9/19/2017 9/19/2017 Discussions with Creditors and 2.0 Meeting with Steering Committee - Plan discussion 9/19/ Meeting at ZC - Analysis of Steering Committee demands 9/19/2017 Administration 9/20/2017 Discussions with Creditors and 3.5 Meeting re Lenders plan feedback 9/20/ Call with PJT 9/20/ Meeting with Gregory Callimanopulos 9/20/ Meeting re Lenders plan feedback 6

15 Date Category Pg 15 of 23 Professionals Hours Description 9/20/ Call with PJT 9/20/ Meeting with Gregory Callimanopulos 9/20/2017 Discussions with Creditors and 2.0 Meeting re Lenders plan feedback 9/20/2017 Discussions with Creditors and 1.0 Call with PJT 9/20/ /20/2017 9/20/2017 9/20/2017 9/20/2017 9/20/2017 Discussions with Creditors and 7 Meeting with Gregory Callimanopulos 1.0 Review Lender "term sheet" 2.0 Meeting at ZC - Steering Committee demands, prep for meeting with Company Call with AMA - Clarifying assumptions behind demands 1.5 Conference call - Meeting at B&M - Steering Committee demands 1.0 Research other mediated restructurings 9/20/2017 Administration 9/21/2017 Administration Dianne Mazzola 1.0 Prepare time records 9/21/2017 Call with 9/21/2017 Call with Call with Rob Aiello - MORs 9/21/ MORs 9/21/2017 9/21/2017 Administration Discussion with legal data platform provider 9/21/2017 Administration 9/22/2017 Administration Dianne Mazzola Prepare time records 9/22/ Review of monthly operating report 2.0 Research Judge Peck, mediations 9/22/ Review Seadrill plan, lenders 9/22/2017 9/22/2017 Administration 9/23/ Review of monthly operating report 9/25/2017 Administration Call with Brian Moore - Loan documents

16 Date Category Pg 16 of 23 Professionals Hours Description MORs 9/25/2017 9/25/2017 Administration Updating/monitoring data room 3.0 Research other mediated restructurings 9/25/2017 9/25/2017 Administration 9/26/2017 Discussions with Creditors and 1.0 UCC call 9/26/2017 Call with 9/26/2017 Call with TSS Discussions with Creditors and Conference call - UCC 9/26/ Review upside business plan for Offshore 9/26/ Research other mediated restructurings 9/26/2017 9/26/2017 Administration 9/27/2017 Call with 9/27/2017 Call with Toisa 7.0 Research other mediated restructurings 9/27/2017 9/27/2017 Capital Structure Analysis 1.0 Review liquidation analysis 9/27/2017 Administration 9/28/2017 Call with 9/28/ Call with 9/28/2017 Discussions with Creditors and 4.0 Meeting with Judge Peck 9/28/ Call with Robert Hennebry 9/28/ Call with 9/28/2017 Call with Toisa 1.0 Review liquidity forecast, cash needs 9/28/2017 9/28/2017 Administration 9/28/2017 Administration 2.0 September time log 9/29/2017 Administration Dianne Mazzola 1.0 Prepare time records 9/29/2017 Administration Dianne Mazzola 1.5 Prepare expense reports 8

17 Date Category Pg 17 of 23 Professionals Hours Description 9/29/2017 Administration Dianne Mazzola 1.0 Prepare monthly expense detail 9/29/ Call with TSS 9/29/2017 Call with Toisa 9/29/ Call re motion for order 9/29/ Finalization of monthly operating report 9/29/ Call with TSS 9/29/ Discussion with Robert Hennebry 1.0 Conference call - liquidity forecast, cash 9/29/2017 9/29/2017 9/29/2017 Administration 9/29/2017 Administration 9/29/2017 9/30/2017 Administration needs 1.0 Review Bridge Order Discussion with legal data platform provider 1.0 Review motion to compel newbuild contracts

18 Pg 18 of 23 Exhibit B Expense Detail Expense Tag Transaction Date Spend Category Amount - USD Employee/Vendor Legal Sep-17 Legal 3, Sidley Austin LLP Transportation 7/13/2017 T&E - Taxi Transportation 7/13/2017 T&E - Taxi Transportation 7/14/2017 T&E - Taxi Meals 7/15/2017 T&E - Meals Transportation 9/11/2017 T&E - Airfare 7, Transportation 9/11/2017 T&E - Taxi Meals 9/11/2017 T&E - Meals 2.82 Meals 9/11/2017 T&E - Meals Meals 9/11/2017 T&E - Meals Travel 9/11/2017 T&E - Gratuities Transportation 9/11/2017 T&E - Rail Transportation 9/11/2017 T&E - Airfare 4, Transportation 9/11/2017 T&E - Taxi Transportation 9/11/2017 T&E - Taxi Meals 9/11/2017 T&E - Meals Transportation 9/12/2017 T&E - Taxi Transportation 9/12/2017 T&E - Rail Transportation 9/12/2017 T&E - Taxi Transportation 9/12/2017 T&E - Taxi Meals 9/12/2017 T&E - Meals Travel 9/12/2017 T&E - Gratuities Meals 9/13/2017 T&E - Meals 4.08 Meals 9/13/2017 T&E - Meals 3.52 Meals 9/13/2017 T&E - Meals Travel 9/13/2017 T&E - Gratuities Transportation 9/13/2017 T&E - Taxi Transportation 9/14/2017 T&E - Rail Lodging 9/14/2017 T&E - Lodging 3, Transportation 9/14/2017 T&E - Taxi Meals 9/14/2017 T&E - Meals 4.21 Telecommunications 9/14/2017 T&E - Internet Meals 9/14/2017 T&E - Meals Travel 9/14/2017 T&E - Gratuities Travel 9/15/2017 T&E - Foreign Transaction Fees Lodging 9/15/2017 T&E - Lodging 5, Travel 9/15/2017 T&E - Gratuities Lodging 9/15/2017 T&E - Lodging 4, Transportation 9/15/2017 T&E - Airfare 1, Transportation 9/15/2017 T&E - Taxi 67.05

19 Transportation 9/26/2017 Pg 19 of 23 T&E - Airfare Communications 9/30/2017 T&E - International Phone Charges ,

20 SIDLEY AUSTIN Pg LLP20 of 23 ONE SOUTH DEARBORN CHICAGO, IL (312) (312) FAX AMERICA ASIA PACIFIC EUROPE Paul V. Scura Scura Paley and Company 489 Fifth Avenue New York, NY August 21, 2017 FEDERAL ID PLEASE INDICATE INVOICE NUMBER ON REMITTANCE Invoice Number Client Matter For professional services rendered through July 31, 2017 re Toisa Limited Fees $3, Expenses 6.50 Total Due This Bill $3, Remit Check Payments To Remit Wire Payments To Sidley Austin LLP Sidley Austin LLP P.O. Box 0642 JP Morgan Chase Bank, NA Chicago, Illinois Account Number ABA Number Swift Code CHASUS33XXX Payment is Due Within 30 Days of Receipt of Invoice

21 Pg 21 of 23 SIDLEY AUSTIN LLP Invoice Number Scura Paley and Company Toisa Limited T I M E S U M M A R Y Name Hours Rate Amount TA Labuda.20 $ $ ME Linder , Total Hours and Fees 4.00 $3,016.00

22 Pg 22 of 23 SIDLEY AUSTIN LLP Invoice Number Scura Paley and Company Toisa Limited E X P E N S E S U M M A R Y Category/Description Amount Search Services $6.50 Total $6.50

23 Pg 23 of 23 SIDLEY AUSTIN LLP Invoice Number Scura Paley and Company Toisa Limited T I M E D E T A I L Date Name Narrative Hours 07/05/17 ME Linder Telephone call with client re status of retention order and interim fee application (.2); revise first interim fee application and with client and Togut re same (.8); with Togut re status of final order approving retention (.1); review as-filed fee application and to client re same (.1) 07/10/17 ME Linder s with client re June fee statement (.1); with Togut re status of Zolfo retention (.1) 07/13/17 ME Linder Draft monthly fee statement for June 2017 and to client re same (.7); review docket re objection deadline and hearing for first interim fee application (.1) 07/14/17 ME Linder Finalize June fee statement (.2); to Togut re same (.1).30 07/18/17 ME Linder Telephone call with Togut and to client re status of retention 07/19/17 ME Linder Confer with T. Labuda re status of retention order (.1); telephone call with P. Scura re same (.1) 07/20/17 ME Linder s with client re status of retention.10 07/21/17 ME Linder Review Zolfo retention application (.1); to P. Scura re same (.1); review docket re retention order (.1) 07/24/17 TA Labuda s with M. Linder and P. Scura re retention order (.1); review same (.1). 07/24/17 ME Linder Review docket (.1); to Togut re entry of retention order (.1) 07/27/17 ME Linder s with client re objection deadlines and interim fee hearing 07/31/17 ME Linder Review status of interim fee application and arrange to attend hearing on same via telephone Total Hours 4.00