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Exhibit 10.10
 
In re
 
CHARYS HOLDING COMPANY, INC
 
Case No.
 
08-10289 (BLS)
   
Debtor
 
Reporting Period:
 
June 1 through 30

 
PAYMENTS TO INSIDERS AND PROFESSIONALS

 
Of the total disbursements shown on the Cash Receipts and Disbursements Report
(MOR-1) list the amount paid to insiders (as defined in Section 101(31) (A)-(F)
of the U.S. Bankruptcy Code) and to professionals. For payments to insiders,
identify the type of compensation paid (e.g. Salary, Bonus, Commissions,
Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional
sheets if necessary.

 

INSIDERS
NAME
 
TYPE OF PAYMENT
 
AMOUNT PAID
   
TOTAL PAID TO DATE
 
Billy V Ray, Jr
 
Gross Payroll
  $ 25,000     $ 112,500  
Billy V Ray, Jr
 
Car Allowance
    500       2,500  
Gable Apartments (for B Ray Jr)
 
Apartment Rental
    -       2,148  
Billy V Ray, Jr
 
TOTAL
            117,148                        
Michael Oyster
 
Gross Payroll
    20,833       93,750  
Michael Oyster
 
Car Allowance
    500       2,500  
Michael Oyster
 
Travel, Meals and Entertainment
    6,704       25,159  
Michael Oyster
 
Reimburse: ordinary business expenses
    2,363       3,492  
Michael Oyster
 
TOTAL
            124,901                        
Raymond Smith
 
Gross Payroll
    20,833       93,749  
Raymond Smith
 
Car Allowance
    500       2,500  
Raymond Smith
 
Reimburse: ordinary business expenses
    1,200       9,534  
Raymond Smith
 
Travel, Meals and Entertainment
    794       2,127  
Raymond Smith
 
TOTAL
            107,910                        
Michael Brown
 
Gross Payroll
            52,083                        
Alec McLarty
 
Lead Director Fees
    15,000       60,000      
Travel, Meals and Entertainment
    1,869       8,743                        
David Gergacz
 
Director Fees
    -       18,250      
Travel, Meals and Entertainment
    -       421                        
Dennis Hayes
 
Director Fees
    7,000       17,625      
Travel, Meals and Entertainment
    225       2,518                        
John Jordan
 
Director Fees
    -       16,000      
Travel, Meals and Entertainment
            3,062                        
David Ray
 
Gross Payroll
    -       13,961  
Brandon Ray
 
Gross Payroll
    -       11,250                        
Ayin Tower Management
 
Affiliate Transfer Out
    -       20,300  
Contemporary Constructors, Inc.
 
Payments made on behalf of sub
    2,807       2,807      
TOTAL PAYMENTS TO INSIDERS
  $ 106,128     $ 559,428  

 
BANKRUPTCY PROFESSIONALS

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NAME
DATE OF COURT ORDER AUTHORIZING EMPLOYMENT
 
AMOUNT APPROVED
   
AMOUNT PAID
   
TOTAL PAID TO DATE
   
TOTAL INCURRED & UNPAID*
 
Weil, Gotshal & Manges LLP
3/7/2008
    n/a     $ -     $ -     $ 1,087,006  
Richards, Layton & Finger , P.A.
3/7/2008
    n/a       -       -       84,343  
Milbank, Tweed, Hadley & McCloy
4/14/2008
    n/a       -       -       889,323  
Morris, Nichols, Arsht, & Tunnell L
Pending
    n/a       -       -       45,366  
Michael Brenner
3/7/2008
  $ 42,868       17,633       35,501       60,735  
AlixPartners, LLP
3/7/2008
    n/a       -       -       1,509,381  

 
 

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