Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 1 of 9 PageID #: 8348

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1 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 1 of 9 PageID #: 8348 IN THE UNITED STATED DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS SHERMAN DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Civil Action No. 4:11-cv-655 JAMES G. TEMME, and STEWARDSHIP FUND, LP, Defendants. RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEYS FEES AND EXPENSES (From January 1, 2016 to December 31, 2016) Keith M. Aurzada as Receiver (the Receiver ) for James G. Temme, Stewardship Fund, LP, and all other entities directly or indirectly controlled by James G. Temme or Stewardship Fund, LP, including but not limited to, Stewardship Advisors, LLC, d/b/a Stewardship Advisors, LP, Stewardship Asset Management Genpar I, LLC, Stewardship Group, LLC, Destiny Fund, LP and Stewardship Management, LP (collectively, the Defendants ), hereby files his Final Application to Allow and Pay (1) Receiver s Fees and Expenses and; (2) Attorneys Fees and Expenses and, in support of such, would respectfully show unto the Court as follows: BACKGROUND 1. Prior to the initiation of the above-captioned action by the Securities and Exchange Commission ( Commission ), Defendants raised at least $35,000,000 from various investors seeking to purchase distressed residential mortgage loans and REO properties. In offering and selling the loans and properties, the Defendants represented to investors that the RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 1

2 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 2 of 9 PageID #: 8349 offerings and proceeds would be used to buy properties/mortgages at deeply discounted values, and that the properties/mortgages would be improved to be leased or resold at a profit. 2. As the Receiver has conducted his investigation, it has become apparent that the Defendants means of acquiring properties was to obtain funds from various groups or individuals to invest in limited partnerships in which the general partner would acquire, at a discount, tapes of distressed, non-performing mortgage loans. 3. In the spring of 2011, Defendants scheme collapsed, payments to investors ceased, and lienholders began foreclosure proceedings on the properties acquired and held by the Defendants. Many of the properties are in dilapidated conditions. Moreover, it is difficult to tell from the Defendants records how the properties were acquired, the consideration paid for each of the properties, and the complete transactional history with respect to each property. Moreover, many of the properties were, and remain, delinquent on ad valorem taxes and have been lost to foreclosure. 4. At the time the Receiver was appointed, the Defendants bank accounts contained nearly nothing. Based on the Receiver s recovery efforts, on July 23, 2015, the Receiver made an interim distribution to investors in the amount of $950,000. Because the Receiver distributed $950,000 to investors, as of December 31, 2015, the balance of the Receiver s liquid accounts totaled $578, On October 24, 2016, the Receiver filed his Motion for Authority to Abandon Assets, Close Receivership, and Destroy Records [Dkt. No. 403]. In the Motion, the Receiver sought Court approval to (1) abandon all remaining assets of the Estate; 1 (2) make a final 1 The Receiver did not abandon two assets: (1) settlement payments from American Equity Funding; and (2) settlement payments from Halo Asset Group. Since filing the Motion, American Equity Funding made its last settlement payment. The Receiver is in discussions with Halo regarding its final settlement payments. RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 2

3 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 3 of 9 PageID #: 8350 distribution to investors; (3) close the administration of the Estate; and (4) transfer or destroy the records of the Estate. The Court approved the Motion [Dkt. No. 405]. 6. On March 8, 2016, the Receiver filed his Eighth Interim Application to Allow and Pay (1) Receiver s Fees and Expenses and; (2) Attorneys Fees and Expenses (the Eighth Fee Application ), seeking the approval and payment of fees for the period ending on December 31, In the Eighth Fee Application, the Receiver estimated that he would incur fee of $50,000 or less to close the Estate. Since that time, the Receiver has incurred $22, in fees and $ in expenses (for a total of $23,327.19) in the administration of the Estate. By this Motion, the Receiver seeks approval of the fees and expenses incurred from January 1, 2016 through the date of this Motion, as well as estimated fees and expenses to be incurred from the filing of this Motion to December 31, The Receiver estimates that $5,000 in additional fees and $200 in expenses 2 will be incurred from the filing of this Motion to the end of the year. For a total of $31, in fees and expenses to close the administration of the Estate. APPLICATION FOR FEES AND EXPENSES OF THE RECEIVER AND HIS ATTORNEYS 7. This Application seeks the approval and payment of fees and reimbursable expenses for the Receiver and Bryan Cave LLP ( BC ) for the time period from January 1, 2016 through December 31, 2016 (the Relevant Period ). 8. During the period covered by this Application, the Receiver has incurred fees and expenses with respect to his activities and those of BC as to these proceedings on a monthly basis as follows: 2 The estimated expenses are the costs of printing and distributing the final distribution checks to 174 investors. RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 3

4 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 4 of 9 PageID #: 8351 Month Fees Expenses January 2016 $ 1, $ February 2016 $ 1, $ 0 March 2016 $ 1, $ 9.00 April 2016 $ $ May 2016 $ 1, $ June 2016 $ $ 6.20 July 2016 $ 1, $ August 2016 $ 6, $ September 2015 $ 2, $ October 2015 $ 4, $ November 2015 $ 1, $ 0 December 2015 $ 7, $ Total: $30, $1, Exhibit A, which is attached and incorporated for all purposes, conveys the following information for the time period January 1, 2016 through December 14, 2016: (a) the number of hours worked by each attorney and staff member on a particular day; (b) the manner and type of work performed by each attorney and staff member; (c) the customary billing rate for each person rendering service in this matter; (d) the monetary value assigned to each task performed by a given attorney and/or staff member; and (e) each expense item incurred. Each of the 3 Includes a $ annual storage fee charged by Elite Document Technology for the storage of all digital records of the Estate. 4 Includes estimated $5,000 in fees after the filing of this Motion. 5 Includes estimated $200 in expenses after the filing of this Motion. RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 4

5 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 5 of 9 PageID #: 8352 invoices attached as Exhibit A reflect aggregate expenses by category during a given month. A summary of the time billed by each task code is also included at the end of the invoices. 9. The fees and costs incurred by the Receiver during the Relevant Period are the minimum necessary for the continuing administration of the Estate. For example, the Receiver and his counsel receive regular inquiries from the municipalities and county governments requesting information on properties that are or have been titled in the name of the Receivership Entities. The Receiver also regularly receives inquiries from investors seeking requests for title curative work, inquiries about additional distributions, and requests for further information about the status of the case. JOHNSON FACTORS 10. In support of this request for compensation and reimbursement of expenses, the Receiver respectfully directs this Court s attention to those factors generally considered by courts in awarding compensation to professionals for services performed in connection with the administration of a receivership estate. As stated by the Fifth Circuit Court of Appeals in Migis v. Pearle Vision. Inc., 135 F.3d 1041, 1047 (5th Cir. 1998), The calculation of attorneys fees involves a well-established process. First, the court calculates a lodestar fee by multiplying the reasonable number of hours expended on the case by the reasonable hourly rates for the participating lawyers. The court then considers whether the lodestar figure should be adjusted upward or downward depending on the circumstances of the case. In making a lodestar adjustment the court should look at twelve factors, known as the Johnson factors, after Johnson v. Georgia Highway Express, Inc., 488 F.2d 714 (5th Cir. 1974). Those factors, as applied to the services rendered in this case by the Receiver and BC, are addressed below. RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 5

6 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 6 of 9 PageID #: 8353 (a) The Time and Labor Required 11. The Receiver and BC respectfully refer to Exhibit A, which details the involvement of the Receiver and BC s attorneys in this case during the period covered by this Application. The Receiver has endeavored to keep costs and fees down by, when possible, using secretarial assistance by employees who do not bill for their time, and by using paralegal staff who bill at lower rates than the Receiver and his counsel. 12. The Receiver s efforts for the relevant period can be categorized and summarized as follows: (i) Asset Disposition 13. The Receiver and his staff spent time reviewing and executing title documents. (ii) Asset Analysis and Recovery 14. The Receiver and his staff spent time researching the chain of title for various properties as requested, and entered into an Asset Recovery and Fee Agreement with ClaimsCorp, Inc., anticipating the recovery of surplus funds from tax sales of any properties owned by the Receivership Estate, nationwide. (ii) Claims Administration 15. The Receiver and his staff spent time communicating with investors regarding their approved claim amounts and the distributions received on account of the same. (iii) Administration of the Estate 16. The Receiver and his staff also spent substantial time each week administering the Estate. On a daily basis, the Receiver receives mail addressed to the Defendants regarding assets that the Defendants own, service, previously owned, or previously serviced. This includes municipal ordinance violation notices, tax notices, foreclosures notices, utility bills, lawsuits RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 6

7 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 7 of 9 PageID #: 8354 related to the property, requests for information, and other similar notices and mail. The Receiver s staff must open, identify, catalogue, and (when appropriate) respond to such mail. 17. The Receiver and his staff also respond to daily phone calls and s from parties affected by the Defendants and Receivership. Such inquiries often involve inaccurate or incomplete title documents, misappropriated escrow payments, overdue ad valorem taxes or threats of foreclosure, transfers of servicing rights, and the sale of mortgages and promissory notes to other entities. These inquiries often require considerable time to resolve because, as previously noted, the Defendants business records are incomplete or non-existent. (b) The Novelty and Difficulty of the Questions. Many of the tasks reflected in Exhibit A involved factual and legal questions that were of substantial complexity. Moreover, the Defendants complete lack of systematic record keeping and failure to complete basic paperwork has substantially hindered the Receiver s efforts. (c) The Skill Requisite to Perform the Service. The Receiver believes that the services performed in this case have required individuals possessing considerable experience in asset seizure, tracing and liquidation. The Receiver and BC have considerable experience in such areas and have consulted additional resources where necessary. (d) The Preclusion of Other Employment Due to Acceptance of the Case. The Receiver and BC have not declined any representation solely because of their services as Receiver and counsel for the Receiver. (e) The Customary Fee. The hourly rates sought herein are commensurate with, or lower than, the rates charged by other practitioners of similar experience levels in the Eastern District of Texas and actually reflect a discount from the standard rates charged by the Receiver and his counsel. During the course of these proceedings, both lawyers and paralegals have RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 7

8 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 8 of 9 PageID #: 8355 performed services on behalf of the Receiver with respect to these proceedings. The timekeepers who have performed services for the Receiver, and their status at BC, are indicated in Exhibit A and in the chart below. BC Attorney Profiles of lawyers who have performed services for the Receiver are available at Finally, part of the Receiver s work in this case has been to catalogue thousands of entries concerning the investors, payments, and receipts. Where possible, non-billable BC staff has been used to complete those duties. (f) Whether the Fee is Fixed or Contingent. The Receiver s and BC s fees are fixed insofar as monies exist by way of Receivership Assets from which to pay such fees. Payment of such fees, however, is subject to Court approval. (g) Time Limitations Imposed by the Client or Other Circumstances. The time requirements during the period covered by this Application have been substantial. (h) The Experience, Reputation and Ability of the Attorneys. BC has several attorneys who specialize exclusively in the practice of civil trial law. The practice of those attorneys regularly includes the representation of bankruptcy trustees and receivers. The reputation of BC s attorneys is recognized and respected in their community in Texas. (i) The Undesirability of the Case. The representation of the Receiver incident to this case has not been undesirable. (j) The Nature and Length of the Professional Relationship with the Client. BC did not represent the Receiver in these proceedings prior to being retained in these proceedings. (k) Award in Similar Cases. BC believes that the fees requested in this case are less than or equal to those which have been awarded in similar cases in this District. WHEREFORE, the Receiver respectfully requests that the Court allow the requested compensation for professional services and expenses rendered by the Receiver and his legal RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 8

9 Case 4:11-cv ALM Document 406 Filed 12/22/16 Page 9 of 9 PageID #: 8356 counsel, and authorize the Receiver to pay BC $31,312.99, representing $30, in fees and $1, in expenses for the time period from January 1, 2016 through December 31, Dated: December 22, 2016 Respectfully submitted: //s// Keith Miles Aurzada Keith Miles Aurzada, Receiver 2200 Ross Avenue, Suite 3300 Dallas, Texas Telephone: Facsimile: CERTIFICATE OF CONFERENCE I hereby certify that, in accordance with the Billing Instructions for Receivers in Civil Actions Commenced by the U.S. Securities and Exchange Commission, I delivered the invoices attached to the foregoing and the Standardized Fund Accounting Report as Exhibits A and B respectively to David B. Reece, counsel for the Commission. Therefore this matter is present to the Court for determination. //s// Keith Miles Aurzada Keith Miles Aurzada, Receiver CERTIFICATE OF SERVICE I certify that on December 22, 2016, I served a true and correct copy of the foregoing pleading by electronic mail through the Court s CM/ECF system to all parties consenting to service through same, including to counsel for the SEC, the Defendants, and all others consenting to service through same. Moreover, the foregoing will be uploaded to //s// Keith Miles Aurzada Keith Miles Aurzada RECEIVER S FINAL APPLICATION TO ALLOW AND PAY (1) RECEIVER S FEES AND EXPENSES; AND (2) ATTORNEY S FEES AND EXPENSES PAGE 9

10 Case 4:11-cv ALM Document Filed 12/22/16 Page 1 of 67 PageID #: 8357 EXHIBIT A

11 Case 4:11-cv ALM Document Filed 12/22/16 Page 2 of 67 PageID #: 8358 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX January 28, 2016 Invoice # Payment is due upon Receipt STATEMENT OF ACCOUNT CURRENT CHARGES FOR MATTER: File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal services $ 3, TOTAL CHARGES THIS INVOICE $ 3, STATEMENT TOTAL $ 3,840.00

12 Case 4:11-cv ALM Document Filed 12/22/16 Page 3 of 67 PageID #: 8359 Keith M. Aurzada January 28, 2016 Invoice # Page 2 For Legal Services Rendered Through December 31, 2015 Case Administration File # Keith M. Aurzada, Receiver for SEC v. Temme 12/02/15 B. J. Purcell 0.70 hrs Confer with B. Mueller regarding request for additional information on purchase and sale of several Florida properties to Covenant One. 12/07/15 B. J. Purcell 0.90 hrs Respond to J. Olivetti demand to respond to lawsuit in Pennsylvania related to property owners request for quitclaim deed. 12/15/15 B. J. Purcell 1.00 hrs Review final reconciliation of funds due to estate from Harbour entities. 12/16/15 B. J. Purcell 2.00 hrs Work session with surplus funds recovery firm regarding the assets in which the estate claims an interest and the tracking of surplus funds. 12/18/15 B. J. Purcell 0.60 hrs Correspond with M. Maple regarding claim to 1518 Dumesnil Street Louisville, KY. 12/23/15 K. M. Aurzada 3.60 hrs 1, Review spreadsheet and J. Wheeler regarding final settlement and wiring instructions(.3); analyze reporting obligations and outline new report for Q4 (1.5); analyze finalizing settlements and closing of receivership estate (1.8). TOTAL 8.80 hrs $3, Asset Disposition 12/07/15 L. T. Detrich 0.10 hrs Attend to correspondence with S. Erickson regarding title curative documents requested. 12/08/15 L. T. Detrich 0.20 hrs Attend to correspondence with F. Giga delivering replacement title curative documents executed in November and December /18/15 L. T. Detrich 0.50 hrs Attend to correspondence with F. Giga regarding title curative documents executed December 18, /18/15 L. T. Detrich 0.40 hrs Attend to correspondence with S. Erickson delivering title documents requested. TOTAL 1.20 hrs $ General Bankruptcy Advice/Opinions 12/15/15 K. M. Aurzada 0.80 hrs Review materials received from J. Wheeler concerning final resolution of assets.

13 Case 4:11-cv ALM Document Filed 12/22/16 Page 4 of 67 PageID #: 8360 Keith M. Aurzada January 28, 2016 Invoice # Page 3 TOTAL 0.80 hrs $ TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars K. M. Aurzada PARTNER DL , B. J. Purcell ASSOCIATE DL , L. T. Detrich LEGAL ASST DL , Total Hours Total Fees for Legal Services $ 3, TOTAL CHARGES FOR THIS MATTER $ 3,840.00

14 Case 4:11-cv ALM Document Filed 12/22/16 Page 5 of 67 PageID #: 8361 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX January 28, 2016 Invoice # Matter #

15 Case 4:11-cv ALM Document Filed 12/22/16 Page 6 of 67 PageID #: 8362 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX January 28, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal services $ 3, TOTAL CHARGES THIS INVOICE $ 3,840.00

16 Case 4:11-cv ALM Document Filed 12/22/16 Page 7 of 67 PageID #: 8363 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B110 Case Administration 8.80 $3, Total For B130 Asset Disposition 1.20 $ Total For B410 General Bankruptcy Advice/opinions 0.80 $ REPORT TOTALS $3,840.00

17 Case 4:11-cv ALM Document Filed 12/22/16 Page 8 of 67 PageID #: 8364 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX February 29, 2016 Invoice # Payment is due upon Receipt STATEMENT OF ACCOUNT CURRENT CHARGES FOR MATTER: File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal services $ 1, Expenses and Other Charges TOTAL CHARGES THIS INVOICE $ 1, STATEMENT TOTAL $ 1,524.50

18 Case 4:11-cv ALM Document Filed 12/22/16 Page 9 of 67 PageID #: 8365 Keith M. Aurzada February 29, 2016 Invoice # Page 2 For Legal Services Rendered Through January 31, 2016 Case Administration File # Keith M. Aurzada, Receiver for SEC v. Temme 01/05/16 B. J. Purcell 0.60 hrs Locate payment information and documentation for W. Mueller. 01/07/16 B. J. Purcell 0.60 hrs Correspond with Shawn Lee on behalf of Orange Capital Funding regarding title curative documents needed to proceed to foreclosure of properties in receivership. 01/11/16 B. J. Purcell 0.60 hrs Prepare for and attend telephonic status conference with the court. 01/12/16 B. J. Purcell 0.60 hrs Attend status conference hearing. 01/20/16 B. J. Purcell 0.60 hrs Review final reconciliation from Mount Vernon and provide to accountant. 01/29/16 L. T. Detrich 0.10 hrs Attend to correspondence with G. Murray regarding updated Standardized Accounting Form for September 1 - December 31, TOTAL 3.10 hrs $1, Asset Analysis and Recovery 01/19/16 L. T. Detrich 0.80 hrs Attend to phone call and correspondence regarding inquiry about property located at 3421 Parkview, Pittsburgh from Oakland Planning. 01/22/16 L. T. Detrich 0.60 hrs Attend to correspondence with B Purcell regarding SEC's inquiry into situation with F. Catanzarite's property (.10) Attend to telephone call and correspondence with L. Pruett of Cass County, MI to follow up on Catanzarite's property to enforce Receivership Orders (.50) 01/25/16 L. T. Detrich 0.50 hrs Research Allegheny County, PA land records regarding 3421 Parkview, Pittsburgh to determine reason Oakland Planning thinks it is owned by Stewardship Fund, LP and attempting to purchase it (.25); Attend to correspondence with K. Aurzada and J. Rasco of Halo regarding the same (.25). 01/25/16 L. T. Detrich 0.20 hrs Attend to correspondence with D. Reece and B. Purcell regarding status of F. Catanzarite's inquiry into the property located at Maple Street, Edwardsburg, MI. TOTAL 2.10 hrs $252.00

19 Case 4:11-cv ALM Document Filed 12/22/16 Page 10 of 67 PageID #: 8366 Keith M. Aurzada February 29, 2016 Invoice # Page 3 Asset Disposition 01/05/16 L. T. Detrich 0.50 hrs Attend to correspondence with H. Sample regarding Conveyance Exemption Form for 745 Fleetwood and attend to the execution and delivery thereof. 01/06/16 L. T. Detrich 0.10 hrs Attend to correspondence with H. Sample of Orion regarding executed title documents for 745 Fleetwood. 01/07/16 L. T. Detrich 0.10 hrs Attend to correspondence with H. Sample and B. Purcell regarding title documents requested for 2921 HIGHWAY /14/16 L. T. Detrich 0.90 hrs Research ownership chain and claims to Maple Street, Edwardsburg, MI at the request of the homeowner, F. Catanzarite and attempt to contact Cass County Clerk regarding the same, update Receiver's records, and attend to correspondence with B. Purcell regarding the same. TOTAL 1.60 hrs $ Claims Administration and Objections 01/05/16 L. T. Detrich 0.30 hrs Research claim information for Claim #149 and attend to correspondence with G. Murray and b. Purcell regarding the same. 01/27/16 L. T. Detrich 0.10 hrs Attend to correspondence with B. Purcell regarding review of claim information for claims 57 and 58 to correct distribution checks. TOTAL 0.40 hrs $48.00 TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars B. J. Purcell ASSOCIATE DL L. T. Detrich LEGAL ASST DL , Total Hours 7.20 Total Fees for Legal Services $ 1, EXPENSES AND OTHER CHARGES Express Package Delivery Total Expenses and Other Charges $ 30.50

20 Case 4:11-cv ALM Document Filed 12/22/16 Page 11 of 67 PageID #: 8367 Keith M. Aurzada February 29, 2016 Invoice # Page 4 TOTAL CHARGES FOR THIS MATTER $ 1,524.50

21 Case 4:11-cv ALM Document Filed 12/22/16 Page 12 of 67 PageID #: 8368 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX February 29, 2016 Invoice # Matter #

22 Case 4:11-cv ALM Document Filed 12/22/16 Page 13 of 67 PageID #: 8369 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX February 29, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal services $ 1, Expenses and Other Charges TOTAL CHARGES THIS INVOICE $ 1,524.50

23 Case 4:11-cv ALM Document Filed 12/22/16 Page 14 of 67 PageID #: 8370 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B110 Case Administration 3.10 $1, Total For B120 Asset Analysis And Recovery 2.10 $ Total For B130 Asset Disposition 1.60 $ Total For B310 Claims Administration And Objections 0.40 $48.00 REPORT TOTALS 7.20 $1,494.00

24 Case 4:11-cv ALM Document Filed 12/22/16 Page 15 of 67 PageID #: 8371 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX March 23, 2016 Invoice # Payment is due upon Receipt STATEMENT OF ACCOUNT CURRENT CHARGES FOR MATTER: File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal services $ 1, TOTAL CHARGES THIS INVOICE $ 1, STATEMENT TOTAL $ 1,498.00

25 Case 4:11-cv ALM Document Filed 12/22/16 Page 16 of 67 PageID #: 8372 Keith M. Aurzada March 23, 2016 Invoice # Page 2 For Legal Services Rendered Through February 29, 2016 Case Administration File # Keith M. Aurzada, Receiver for SEC v. Temme 02/01/16 B. J. Purcell 0.80 hrs Review final reconciliation for the Stewardship Substitute Assets. 02/05/16 L. T. Detrich 0.10 hrs Attend to correspondence with G. Murray regarding accounting updates for Receivership Estate account. 02/11/16 L. T. Detrich 0.30 hrs Attend to multiple correspondences with L. Wilcox and G. Murray regaring bank activity and finalizing the current Standarized Accounting Report 02/11/16 L. T. Detrich 0.20 hrs Attend to correspondence with L. Tinnon regarding updates needed to ership.com for the benefit of all parties to the case. 02/11/16 M. C. Watson 1.00 hrs Creating and encrypting archive of Ringtail database for offline storage - SEC Temme 02/12/16 M. C. Watson 1.30 hrs Creating and encrypting archive of Ringtail database for offline storage - SEC Temme 02/16/16 M. C. Watson 1.10 hrs Creating and encrypting archive of Ringtail database for offline storage - SEC Temme 02/17/16 L. T. Detrich 0.30 hrs Attend to correspondence with G. Murray, J. Goldfarb, and L. Hirsch regarding Franchise Tax Reporting Notifications for various Stewardship Entities. TOTAL 5.10 hrs $1, Fee/Employment Applications 02/01/16 L. T. Detrich 0.20 hrs Attend to correspondence with L. Wilcox, G. Murray and B. Purcell regarding account balances and invoices for end of /12/16 L. T. Detrich 1.00 hrs Revise Receiver's Eighth Interim Fee Application. 02/17/16 L. T. Detrich 2.00 hrs Review SAR and invoices and revise Receiver's Eighth Interim Fee Application and Attend to correspondence with B. Purcell regarding the same. TOTAL 3.20 hrs $ Claims Administration and Objections 02/25/16 L. T. Detrich 0.80 hrs Attend to multiple correspondences with G. Murray, B. Purcell, and R. Hayes to request replacement distribution checks for claims 57 and 58 because initial distributions were made to claimants not to

26 Case 4:11-cv ALM Document Filed 12/22/16 Page 17 of 67 PageID #: 8373 Keith M. Aurzada March 23, 2016 Invoice # Page 3 IRA. TOTAL 0.80 hrs $96.00 TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars B. J. Purcell ASSOCIATE DL L. T. Detrich LEGAL ASST DL M. C. Watson ADMIN SL , Total Hours 9.10 Total Fees for Legal Services $ 1, TOTAL CHARGES FOR THIS MATTER $ 1,498.00

27 Case 4:11-cv ALM Document Filed 12/22/16 Page 18 of 67 PageID #: 8374 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX March 23, 2016 Invoice # Matter #

28 Case 4:11-cv ALM Document Filed 12/22/16 Page 19 of 67 PageID #: 8375 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX March 23, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal services $ 1, TOTAL CHARGES THIS INVOICE $ 1,498.00

29 Case 4:11-cv ALM Document Filed 12/22/16 Page 20 of 67 PageID #: 8376 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B110 Case Administration 5.10 $1, Total For B160 Fee/employment Applications 3.20 $ Total For B310 Claims Administration And Objections 0.80 $96.00 REPORT TOTALS 9.10 $1,498.00

30 Case 4:11-cv ALM Document Filed 12/22/16 Page 21 of 67 PageID #: 8377 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX April 12, 2016 Invoice # Payment is due upon Receipt CURRENT CHARGES FOR MATTER: STATEMENT OF ACCOUNT File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal Services $ 1, Expenses and Other Charges 9.00 TOTAL CHARGES THIS INVOICE $ 1, Statement Total $ 1,128.00

31 Case 4:11-cv ALM Document Filed 12/22/16 Page 22 of 67 PageID #: 8378 Keith M. Aurzada April 12, 2016 Invoice # Page 2 For Legal Services Rendered Through March 31, 2016 Case Administration File # Keith M. Aurzada, Receiver for SEC v. Temme 03/10/16 B. J. Purcell 1.00 hrs Review and revise response to Association's request for reimbursement of fees. 03/10/16 L. T. Detrich 0.30 hrs Revise and file Receiver's Response to the Association's Motion for Compensation (.10); Attend to correspondence with B. purcell regarding the same (.10); Attend to correspondence with D. Reece delivering Receiver's Fee Application (.10). 03/21/16 K. M. Aurzada 0.20 hrs Discuss need for motion to accept and refund claimant money with R. Hayes. 03/22/16 M. C. Watson 0.50 hrs Creating and encrypting archive of Ringtail database for offline storage - SEC Temme 03/23/16 M. C. Watson 0.40 hrs Creating and encrypting archive of Ringtail database for offline storage - SEC Temme TOTAL 2.40 hrs $ Asset Disposition 03/01/16 L. T. Detrich 0.20 hrs Follow up on the status of claims distributions replacement check requests and attend to correspondence with R. Hayes regarding the same. 03/11/16 L. T. Detrich 0.40 hrs Draft proposed order for Docket 394 and attend to correspondence with the clerk of the court delivering the same. 03/22/16 L. T. Detrich 0.80 hrs Draft, file, and serve Receiver's Motion for Authority to Re-issue Claims Distribution Checks along with Proposed Order for the same and attend to correspondence with K. Aurzada and B. Purcell regarding the same. TOTAL 1.40 hrs $ Fee/Employment Applications 03/08/16 L. T. Detrich 0.20 hrs Finalize Receiver's Eighth Interim Fee Application, submit it to the Court, and attend to correspondence with B. Purcell regarding the same.

32 Case 4:11-cv ALM Document Filed 12/22/16 Page 23 of 67 PageID #: 8379 Keith M. Aurzada April 12, 2016 Invoice # Page 3 TOTAL 0.20 hrs $24.00 Other Contested Matters(excl assumption/rejecti 03/09/16 L. T. Detrich 2.30 hrs Draft and revise Receiver's Response to Associations Motion for Compensation and attend to correspondence with B. Purcell regarding the same. TOTAL 2.30 hrs $ Claims Administration and Objections 03/28/16 L. T. Detrich 0.20 hrs Follow up on response to claim submitted by L. Haag and attend to correspondence with B. Purcell regarding the same. TOTAL 0.20 hrs $24.00 TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars K. M. Aurzada PARTNER DL B. J. Purcell ASSOCIATE DL L. T. Detrich LEGAL ASST DL M. C. Watson ADMIN SL , Total Hours 6.50 Total Fees for Legal Services $ 1, EXPENSES AND OTHER CHARGES Filing Fee 9.00 Total Expenses and Other Charges $ 9.00 TOTAL CHARGES FOR THIS INVOICE $ 1,128.00

33 Case 4:11-cv ALM Document Filed 12/22/16 Page 24 of 67 PageID #: 8380 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX April 12, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal Services $ 1, Expenses and Other Charges $ 9.00 TOTAL CHARGES THIS INVOICE $ 1, Statement Total $ 1,128.00

34 Case 4:11-cv ALM Document Filed 12/22/16 Page 25 of 67 PageID #: 8381 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B110 Case Administration Total For B130 Asset Disposition Total For B160 Fee/Employment Applications Total For B190 Other Contested Matters(excl assumption/rejecti Total For B310 Claims Administration and Objections REPORT TOTALS ,119.00

35 Case 4:11-cv ALM Document Filed 12/22/16 Page 26 of 67 PageID #: 8382 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX May 23, 2016 Invoice # Payment is due upon Receipt CURRENT CHARGES FOR MATTER: STATEMENT OF ACCOUNT File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal Services $ Expenses and Other Charges TOTAL CHARGES THIS INVOICE $ Statement Total $

36 Case 4:11-cv ALM Document Filed 12/22/16 Page 27 of 67 PageID #: 8383 Keith M. Aurzada May 23, 2016 Invoice # Page 2 For Legal Services Rendered Through April 30, 2016 File # Keith M. Aurzada, Receiver for SEC v. Temme Asset Analysis and Recovery 04/05/16 B. J. Purcell 1.10 hrs Conduct review of Halo payments and correspond with C. Thompson regarding same TOTAL 1.10 hrs $ Asset Disposition 04/01/16 L. T. Detrich 1.00 hrs Attend to phone call with L. Haag to address inquiry as to the acceptance or rejection of his claims by the Reciever and follow up with correspondence to the same, delivering confirmation of Receiver's response. 04/05/16 L. T. Detrich 0.20 hrs Attend to correspondence from D. Millset regarding the status of the lot located at 833 Millwood, Washington Courthouse, OH and the potential to purchase. 04/12/16 L. T. Detrich 0.10 hrs Follow up on call from D. Millset regarding interest in the purchase of lot located at 833 Millwood, Washington Courthouse, OH and attend to correspondence with B. Purcell regarding the same. 04/20/16 L. T. Detrich 0.30 hrs Attend to correspondence with G. Murray regarding Check 605 deposited in account for the Estate; And correspondence with B. Purcell regarding claim 149. TOTAL 1.60 hrs $ TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars B. J. Purcell ASSOCIATE DL L. T. Detrich LEGAL ASST DL Total Hours 2.70 Total Fees for Legal Services $

37 Case 4:11-cv ALM Document Filed 12/22/16 Page 28 of 67 PageID #: 8384 Keith M. Aurzada May 23, 2016 Invoice # Page 3 EXPENSES AND OTHER CHARGES 04/26/16 Search Fee - Pacer Service Center - Pacer - 1st Q Copy Charges 0.20 Prints 1.00 Scanning PDF Charges 1.20 Total Expenses and Other Charges $ TOTAL CHARGES FOR THIS INVOICE $

38 Case 4:11-cv ALM Document Filed 12/22/16 Page 29 of 67 PageID #: 8385 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX May 23, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal Services $ Expenses and Other Charges $ TOTAL CHARGES THIS INVOICE $ Statement Total $

39 Case 4:11-cv ALM Document Filed 12/22/16 Page 30 of 67 PageID #: 8386 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B120 Asset Analysis and Recovery Total For B130 Asset Disposition REPORT TOTALS

40 Case 4:11-cv ALM Document Filed 12/22/16 Page 31 of 67 PageID #: 8387 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX June 15, 2016 Invoice # Payment is due upon Receipt CURRENT CHARGES FOR MATTER: STATEMENT OF ACCOUNT File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal Services $ 1, Expenses and Other Charges TOTAL CHARGES THIS INVOICE $ 1, Statement Total $ 1,665.20

41 Case 4:11-cv ALM Document Filed 12/22/16 Page 32 of 67 PageID #: 8388 Keith M. Aurzada June 15, 2016 Invoice # Page 2 For Legal Services Rendered Through May 31, 2016 Case Administration File # Keith M. Aurzada, Receiver for SEC v. Temme 05/11/16 B. J. Purcell 1.50 hrs Review and revise Omnibus Motion to Perform Title Curative Work; work session regarding replacement checks for R. Hayes. TOTAL 1.50 hrs $ Asset Disposition 05/10/16 L. T. Detrich 1.20 hrs Attend to phone call from J. Alamillo regarding need for recorded deed she executed in 2010 to Stewardship Fund, LP (.50); Review documentation received (.10); Research Cook County, IL records and Receiver's files (.50); Attend to correspondence with F. Giga, K. Aurzada, and B. Purcell regarding the same (.10). 05/10/16 L. T. Detrich 0.50 hrs Draft Omnibus Motion for Authority to Perform Title Curative Work (.40); Attend to correspondence with B. Purcell regaring the same (.10). 05/12/16 L. T. Detrich 0.10 hrs Attend to correspondence with Farzana Giga to follow up on status of recorded Deed in Lieu for property in Cook County, IL still titlewd to J. Alamillo. 05/16/16 L. T. Detrich 1.40 hrs Draft and revise Omnibus Motion for Authority to Perform Title Curative Work, Proposed Order for Omnibus Motion, Exhibit A - Notice of Request Pursuant to Omnibus Motion and attend to correspondence with B. Purcell and K. Aurzada regarding the same. 05/16/16 L. T. Detrich 0.30 hrs Attend to additional correspondences from J. Alamillo regarding issues encountered while attempting to complete the chain of title on her property in Cook county, IL (.20); Follow up with B. Purcell with status of motion for authority to perform title curative work in response to inquiry (.10) 05/17/16 L. T. Detrich 0.10 hrs Attend to correspondence from S. Lee regarding request for Allonge to cure title property in Florida. 05/17/16 L. T. Detrich 0.40 hrs Review Warranty Deed and Affidavit from J. Alamillo and discuss next steps with B. Purcell in oder to clean up chain of title for property in Cook County, IL (.30); Follow up with J. Alamillo with status of authority to cure (.10).

42 Case 4:11-cv ALM Document Filed 12/22/16 Page 33 of 67 PageID #: 8389 Keith M. Aurzada June 15, 2016 Invoice # Page 3 05/18/16 L. T. Detrich 0.30 hrs Attend to follow up correspondence with F. Giga to verify current owner and secure missing recorded Deed for 5310 S. Wood, Chicago, IL (.10); Follow up correspondence with B. Purcell regarding next steps in order to cure title (.10) Attend to correspondence with J. Alamillo regarding status of the same (.10). 05/19/16 L. T. Detrich 0.40 hrs Attend to correspondence with B. Purcell regarding Affidavit from J. Alamillo to cure title in Cook County, IL (.20); Follow up with J. Alamillo regarding the status of the Affidavit (.20). 05/24/16 L. T. Detrich 0.10 hrs Attend to correspondence with J. Alamillo regarding the status of the Affidavit she has requested in order to cure title in Cook County, IL (.10). 05/25/16 L. T. Detrich 0.10 hrs Attend to correspondence with B. Purcell, K. Aurzada, and A. Nixon regarding status of replacement checks for R. Hayes. 05/26/16 L. T. Detrich 0.10 hrs Attend to correspondence with J. Alamillo regarding the status of the Affidavit she has requested in order to cure title in Cook County, IL. 05/27/16 L. T. Detrich 0.20 hrs Attend to correspondence with J. Wheeler to deliver Petition for Stewardship Fund No. 3, LP mistakenly sent to the Receiver. 05/27/16 L. T. Detrich 0.30 hrs Attend to correspondence with J. Alamillo regarding the status of the Affidavit she has requested in order to cure title in Cook County, IL (.20); Meet with K. Aurzada regarding the status of Motion for Authority to Perform Title Curative Work (.10). TOTAL 5.50 hrs $ TIMEKEEPER SUMMARY OF FEES Name Status Hours Rate/Hr Dollars B. J. Purcell ASSOCIATE DL L. T. Detrich LEGAL ASST DL , Total Hours 7.00 Total Fees for Legal Services $ 1,155.00

43 Case 4:11-cv ALM Document Filed 12/22/16 Page 34 of 67 PageID #: 8390 Keith M. Aurzada June 15, 2016 Invoice # Page 4 EXPENSES AND OTHER CHARGES 05/19/16 Filing/Service Fee - Elite Deposition Technologies - Annual storage for evidence items Prints 0.60 Scanning PDF Charges 9.60 Total Expenses and Other Charges $ TOTAL CHARGES FOR THIS INVOICE $ 1,665.20

44 Case 4:11-cv ALM Document Filed 12/22/16 Page 35 of 67 PageID #: 8391 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX June 15, 2016 Invoice # REMITTANCE ADVICE CURRENT CHARGES Fees for Legal Services $ 1, Expenses and Other Charges $ TOTAL CHARGES THIS INVOICE $ 1, Statement Total $ 1,665.20

45 Case 4:11-cv ALM Document Filed 12/22/16 Page 36 of 67 PageID #: 8392 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: ACTUAL HOURS BY TASK CODES C Keith M. Aurzada Keith M. Aurzada, Receiver for SEC v. Temme Name Hrs Billed Billed Fees Total For B110 Case Administration Total For B130 Asset Disposition REPORT TOTALS ,155.00

46 Case 4:11-cv ALM Document Filed 12/22/16 Page 37 of 67 PageID #: 8393 BRYAN CAVE LLP ATLANTA BOULDER CHARLOTTE CHICAGO COLORADO SPRINGS DALLAS DENVER FRANKFURT HAMBURG HONG KONG IRVINE JEFFERSON CITY KANSAS CITY LOS ANGELES MIAMI NEW YORK PARIS PHOENIX SAN FRANCISCO SHANGHAI SINGAPORE ST. LOUIS WASHINGTON, D.C. EMPLOYER IDENTIFICATION NUMBER: Keith M. Aurzada 2200 Ross Avenue, Suite 3300 Dallas, TX July 22, 2016 Invoice # Payment is due upon Receipt CURRENT CHARGES FOR MATTER: STATEMENT OF ACCOUNT File # Keith M. Aurzada, Receiver for SEC v. Temme Fees for Legal Services $ Expenses and Other Charges 6.20 TOTAL CHARGES THIS INVOICE $ Statement Total $