UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

PROMESA

In re Title III

THE FINANCIAL OVERSIGHT AND No. 17 BK 3283-LTS

MANAGEMENT BOARD FOR PUERTO RICO,

(Jointly Administered)

As a representative of

THE COMMONWEALTH OF PUERTO RICO

et al.,

 Debtors.1

ELEVENTH INTERIM FEE APPLICATION OF PJT PARTNERS LP 

AS INVESTMENT BANKER AND FINANCIAL ADVISOR TO THE FINANCIAL

OVERSIGHT AND MANAGEMENT BOARD OF PUERTO RICO FOR COMPENSATION 

AND REIMBURSEMENT OF OUT-OF-POCKET EXPENSES INCURRED FOR 

THE PERIOD OF JUNE 1, 2022 THROUGH SEPTEMBER 30, 2022

SUMMARY SHEET

Name of Applicant: PJT Partners LP

Authorized to Provide 

Professional Services to: Financial Oversight and Management Board for Puerto 

Rico Pursuant to PROMESA 

Period for which Compensation

and Reimbursement is Sought: June 1, 2022 through September 30, 2022

Amount of Compensation Sought

as Actual, Reasonable, and Necessary: $5,000,000.00

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the: (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) 

(Last Four Digits of Federal Tax ID: 3747) (Title III case numbers are listed as Bankruptcy Case numbers due to 

software limitations).

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Amount of Expense Reimbursement sought

as actual, Reasonable, and Necessary: $1,477.46

Amount of Cash Payment Sought: $3,476,477.46

This is a monthly fee statement x interim fee application final fee application

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SUMMARY OF TIME RECORDED DURING THE ELEVENTH INTERIM PERIOD

Name Title Total Hours

Steven Zelin Partner 72.0

William Evarts Managing Director 206.5

Ashim Midha Associate 197.5

Lauren Weetman Analyst 54.5

Angela Weng Analyst 213.5

Total Hours 744.0

Prior Interim or Monthly Fee Payments To Date:

Requested Paid

Date

Payment 

Received

Monthly Fee 

Statement Paid Fees Expenses Fees1 Expenses

05/29/19 02/01/19 – 02/28/19 $1,250,000.00 $0.00 $782,020.00 $0.00

06/06/19 03/01/19 – 03/31/19 $1,250,000.00 $0.00 $781,875.00 $0.00

06/06/19 04/01/19 – 04/30/19 $1,250,000.00 $0.00 $781,875.00 $0.00

09/20/19 05/01/19 – 05/31/19 $1,250,000.00 $333.16 $781,875.00 $333.16

10/15/19 06/01/19 – 06/30/19 $1,250,000.00 $0.00 $781,875.00 $0.00

11/29/19 07/01/19 – 07/31/19 $1,250,000.00 $62.83 $781,875.00 $62.83

11/29/19 08/01/19 – 08/31/19 $1,250,000.00 $246.44 $781,875.00 $246.44

11/29/19 09/01/19 – 09/30/19 $1,250,000.00 $6,671.62 $781,875.00 $6,671.62

05/22/20 10/01/19 – 10/31/19 $1,250,000.00 $6,434.20 $781,875.00 $6,434.20

05/22/20 11/01/19 – 11/30/19 $1,250,000.00 $0.00 $781,875.00 $0.00

05/22/20 12/01/19 – 12/31/19 $1,250,000.00 $10,492.86 $781,875.00 $10,492.86

05/26/20 01/01/20 – 01/31/20 $1,250,000.00 $0.00 $781,875.00 $0.00

09/17/20 02/01/20 – 02/29/20 $1,250,000.00 $0.00 $781,875.00 $0.00

09/17/20 03/01/20 – 03/31/20 $1,250,000.00 $0.00 $781,875.00 $0.00

09/17/20 04/01/20 – 04/30/20 $1,250,000.00 $0.00 $781,875.00 $0.00

09/17/20 05/01/20 – 05/31/20 $1,250,000.00 $30,021.86 $781,875.00 $30,021.86

01/26/21 06/01/20 – 06/30/20 $1,250,000.00 $2,426.81 $781,875.00 $2,426.81

01/26/21 07/01/20 – 07/31/20 $1,250,000.00 $0.00 $781,875.00 $0.00

01/26/21 08/01/20 – 08/31/20 $1,250,000.00 $0.00 $782,020.00 $0.00

01/26/21 09/01/20 – 09/30/20 $1,250,000.00 $0.00 $781,875.00 $0.00

07/19/21 10/01/20 – 10/31/20 $1,250,000.00 $0.00 $781,875.00 $0.00

07/21/21 11/01/20 – 11/30/20 $1,250,000.00 $0.00 $781,875.00 $0.00

07/21/21 12/01/20 – 12/31/20 $1,250,000.00 $0.00 $781,875.00 $0.00

08/26/21 01/01/21 – 01/31/21 $1,250,000.00 $0.00 $781,875.00 $0.00

01/03/22 02/01/21 – 02/28/21 $1,250,000.00 $2,009.01 $781,875.00 $2,009.01

01/06/22 03/01/21 – 03/31/21 $1,250,000.00 $1,818.03 $781,875.00 $1,818.03

01/06/22 04/01/21 – 04/30/21 $1,250,000.00 $0.00 $781,875.00 $0.00

01/06/22 05/01/21 – 05/31/21 $1,250,000.00 $16.39 $781,875.00 $16.39

1 Amount reflects net amount paid to PJT. 

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Prior Interim or Monthly Fee Payments To Date:

Requested Paid

Date

Payment 

Received

Monthly Fee 

Statement Paid Fees Expenses Fees2 Expenses

01/18/22 06/01/21 – 06/30/21 $1,250,000.00 $0.00 $781,875.00 $0.00

01/18/22 07/01/21 – 07/31/21 $1,250,000.00 $0.00 $781,875.00 $0.00

01/18/22 08/01/21 – 08/31/21 $1,250,000.00 $0.00 $781,875.00 $0.00

01/18/22 09/01/21 – 09/30/21 $1,250,000.00 $0.00 $781,875.00 $0.00

10/26/22 10/01/21 – 10/31/21 $1,250,000.00 $0.00 $781,875.00 $0.00

10/26/22 11/01/21 – 11/30/21 $1,250,000.00 $0.00 $781,875.00 $0.00

10/26/22 12/01/21 – 12/31/21 $1,250,000.00 $3,989.43 $781,875.00 $3,989.43

10/26/22 01/01/22 – 01/31/22 $1,250,000.00 $0.00 $781,875.00 $0.00

10/26/22 02/01/22 – 02/28/22 $1,250,000.00 $424.87 $781,875.00 $424.87

10/26/22 03/01/22 – 03/31/22 $1,250,000.00 $228.52 $781,875.00 $228.52

10/26/22 04/01/22 – 04/30/22 $1,250,000.00 $197.41 $781,875.00 $197.41

10/26/22 05/01/22 – 05/31/22 $1,250,000.00 $1,302.91 $781,875.00 $1,302.91

Total Fees and Expenses Paid To Date $31,275,290.00 $66,676.35

2 Amount reflects net amount paid to PJT. 

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UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

PROMESA

In re Title III

THE FINANCIAL OVERSIGHT AND No. 17 BK 3283-LTS

MANAGEMENT BOARD FOR PUERTO RICO,

(Jointly Administered)

As a representative of

THE COMMONWEALTH OF PUERTO RICO

et al.,

 Debtors.1

ELEVENTH INTERIM FEE APPLICATION OF PJT PARTNERS LP 

AS INVESTMENT BANKER AND FINANCIAL ADVISOR TO THE FINANCIAL

OVERSIGHT AND MANAGEMENT BOARD OF PUERTO RICO FOR COMPENSATION 

AND REIMBURSEMENT OF OUT-OF-POCKET EXPENSES INCURRED FOR 

THE PERIOD OF JUNE 1, 2022 THROUGH SEPTEMBER 30, 2022

PJT Partners LP (“PJT”), investment banker to the Financial Oversight and Management 

Board for Puerto Rico (the “Oversight Board”), hereby submits its eleventh interim fee 

application (the “Eleventh Interim Fee Application”), pursuant to sections 316 and 317 of the 

Puerto Rico Oversight, Management and Economic Stability Act of 2016 (“PROMESA”), 

section 503(b) of title 11, United States Code (the “Bankruptcy Code”) as made applicable to 

these cases by section 301(a) of PROMESA, Rule 2016 of the Federal Rules of Bankruptcy 

Procedures (the “Bankruptcy Rules”), Rule 2016-1 of the Local Bankruptcy Rules for the United 

1 The Debtors in these Title III cases, along with each Debtor’s respective Title III case number listed as a bankruptcy case 

number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, as 

applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17-BK- 3283 (LTS)) (Last Four Digits 

of Federal Tax ID: 3481), (ii) Employees Retirement System of the Government of the Commonwealth of Puerto 

Rico (“ERS”) (Bankruptcy Case No. 17-BK-3566(LTS)) (Last Four Digits of Federal Tax ID: 9686), (iii) Puerto 

Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567 (LTS)) (Last Four Digits 

of Federal Tax ID: 3808), (iv) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17-

BK-3284 (LTS)) (Last Four Digits of Federal Tax ID: 8474); and (v) Puerto Rico Electric Power Authority 

(“PREPA”) (Bankruptcy Case No. 17-BK-4780) (Last Four Digits of Federal Tax ID: 3747).

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States Bankruptcy Court for the District of Puerto Rico (the “Local Rules”), and the Interim 

Compensation Order (as hereinafter defined) for allowance of compensation for the period of

June 1, 2022 through September 30, 2022 (the “Eleventh Interim Period”). In support of this 

Eleventh Interim Fee Application, PJT states as follows:

I. Background

1. On May 3, 2017, the Oversight Board commenced a title III case for the 

Commonwealth of Puerto Rico by filing a voluntary petition for relief pursuant to section 304 (a) 

of PROMESA (the “Commonwealth Title III Case”). Thereafter, the Oversight Board 

commenced a title III case for each of COFINA, the Employees Retirement System of the 

Government of the Commonwealth of Puerto Rico (“ERS Title III Case”), the Puerto Rico 

Highways and Transportation Authority (“HTA Title III Case”), and the Puerto Rico Electric 

Power Authority (“PREPA Title III Case”) (all such cases, together with the Commonwealth 

Title III Case, the “Title III Cases”).2 By orders dated June 29, 2017 [Docket No. 537] and 

October 6, 2017 [Docket No. 1417], the court approved the joint administration of the Title III 

Cases.

2. On August 23, 2017, the court entered the Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses of Professionals [Docket No. 1150]. On 

November 8, 2017, the court entered the First Amended Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses of Professionals [Docket No. 1715]. On June 6, 

2018, the court entered the Second Amended Order Setting Procedures for Interim 

2 Unless otherwise indicated, references to docket numbers shall be to the docket of the Commonwealth Title III Case.

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Compensation and Reimbursement of Expenses of Professionals [Docket No. 3269] (the “Interim 

Compensation Order”).

II. The PJT Engagement

3. The Oversight Board retained PJT as its investment banker pursuant to the terms 

of the engagement agreement (the “Engagement Agreement”) dated February 2, 2019, effective 

as of February 1, 2019. Pursuant to the Engagement Agreement, PJT was retained to provide the 

following services to the Oversight Board:3

(a) assist in the evaluation of the Specified Entities’ current fiscal situation and 

prospects;

(b) assist in the development of financial data and presentations to the Oversight 

Board, various creditors and other third parties;

(c) analyze the financial liquidity and evaluate alternatives to improve such liquidity 

for the Commonwealth and Specified Entities;

(d) analyze various restructuring scenarios and the potential impact of these scenarios 

on the recoveries of those stakeholders impacted by the Restructuring;

(e) provide strategic advice with regard to restructuring or refinancing the Specified 

Entities’ Obligations;

(f) review and evaluate the Specified Entities’ capital structure, debt capacity, and 

alternative capital structures; 

(g) participate in negotiations among the Oversight Board, the Specified Entities, and 

their creditors, suppliers, lessors and other interested parties;

(h) value securities offered by the Specified Entities in connection with a 

Restructuring;

(i) provide expert witness testimony concerning any of the subjects encompassed by 

the other investment banking services; and

(j) provide such other advisory services as are customarily provided in connection 

with the analysis and negotiation of a transaction similar to a potential 

Restructuring as requested and mutually agreed.

3 Capitalized terms used but not defined herein shall have the meanings provided thereto in the Engagement Agreement.

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4. Pursuant to the Engagement Agreement, the Oversight Board agreed to pay PJT 

as follows in consideration for the services rendered:

(a) A fixed monthly advisory fee (the “Monthly Fee”) in the amount of $1,250,000 

per month payable in cash monthly in arrears (upon the submission of monthly 

invoices) commencing on February 1, 2019; and

(b) Reimbursement of all reasonable out‐of‐pocket expenses incurred during this 

engagement, including, but not limited to, travel and lodging, direct identifiable 

data processing, document production, publishing services and communication 

charges, courier services, working meals, reasonable fees and expenses of PJT 

Partners’ counsel (without the requirement that the retention of such counsel be 

approved by the court in any Title III case) and other necessary expenditures, 

payable upon rendition of invoices setting forth in reasonable detail the nature and 

amount of such expenses.

III. Services Provided by PJT during the Eleventh Interim Period

5. The nature of the work performed by PJT during the Eleventh Interim Period 

included the following:

(a) preparing analysis and materials for presentation to the Oversight Board’s 

members and executives, including introductory materials for new Oversight 

Board executives;

(b) participating in Oversight Board meetings, including attending Oversight Board 

public meetings;

(c) preparing materials regarding distributions of consideration to various creditors

related to Plan of Adjustment, involving discussions with various creditors;

advisors and creditor principals;

(d) preparing materials regarding distributions of consideration – specific to ERS 

private equity portfolio – to various creditors, involving discussions with various 

creditors;

(e) participating in working group calls with Oversight Board advisors regarding 

multiple case matters;

(f) facilitating ongoing diligence by various creditor constituencies and their 

advisors, including preparing various analyses, preparing presentation materials, 

and hosting diligence meetings with various creditor constituencies and their 

advisors;

(g) assisting counsel in reviewing and preparing various legal filings and associated

exhibits;

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(h) conducting diligence and analysis of the assets and fiscal plan of the 

Commonwealth and various other entities;

(i) reviewing and preparing press releases and other public materials;

(j) conducting analysis related to any potential claims of the Commonwealth; and

(k) participating in meetings with creditors, representatives of creditors, government 

officials, advisors to the government; and other parties in interest regarding 

various other case matters.

IV. The PJT Team

6. The investment banking services set forth above were performed primarily by 

Steven Zelin, Partner; William Evarts; Managing Director; Ashim Midha, Associate; Lauren 

Weetman, Analyst; Angela Weng, Analyst; and other PJT professionals as needed.

V. PJT’s Request for Compensation and Reimbursement of Out-of-Pocket Expenses

7. For the Eleventh Interim Period, PJT seeks (a) allowance of Monthly Fees in the 

amount of $5,000,000.00, and (b) the reimbursement of out-of-pocket expenses incurred in the 

amount of $1,477.46. Although every effort has been made to include all expenses incurred 

during the Eleventh Interim Period, some expenses may not be included in this Eleventh Interim 

Fee Application due to delays resulting from the accounting and processing of such expenses. 

Accordingly, PJT reserves the right to make further application to the Court for allowance of 

such expenses incurred during the Eleventh Interim Period but not included herein.

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8. Invoices detailing the fees earned by PJT during the Eleventh Interim Period are 

attached hereto as Appendix A. A summary of all fees earned during the Eleventh Interim Period 

is outlined below:

Eleventh Interim Period

Monthly 

Fees

Government 

Contribution Fee

Withholding 

Taxes

Out-ofPocket 

Expenses Total

June 1 – 30, 2022 $1,250,000.00 ($18,750.00) ($362,500.00) $488.80 $869,238.80

July 1 – 31, 2022 1,250,000.00 (18,750.00) (362,500.00) 988.66 869,738.66

August 1 – 31, 2022 1,250,000.00 (18,750.00) (362,500.00) - 868,750.00

September 1 – 30, 2022 1,250,000.00 (18,750.00) (362,500.00) - 868,750.00

Total $5,000,000.00 ($75,000.00) ($1,450,000.00) $1,477.46 $3,476,477.46

9. The amount of fees sought in this Eleventh Interim Fee Application and PJT’s 

compensation practices are consistent with market practices both in and out of a bankruptcy 

context. PJT has never billed its clients based on the number of hours expended by its 

professionals. Accordingly, PJT does not have hourly rates for its professionals and PJT's 

professionals generally do not maintain detailed time records of the work performed for its 

clients. PJT has, however, maintained contemporaneous time records in one-half hour 

increments. Time records with respect to the 744.0 hours expended by PJT professionals in 

providing investment banking services to the Oversight Board during the Eleventh Interim 

Period are provided in Appendix B.

10. A summary of the total amount of hours expended by PJT professionals during 

the Eleventh Interim Period is provided below:

Hours Expended By Professional

Professional Title June 2022 July 2022 August 2022 September 2022 Total

Steven Zelin Partner 14.5 20.0 21.5 16.0 72.0

William Evarts Managing Director 54.0 48.0 61.5 43.0 206.5

Ashim Midha Associate 51.0 52.0 52.5 42.0 197.5

Lauren Weetman Analyst 54.5 - - - 54.5

Angela Weng Analyst 53.0 54.5 62.0 44.0 213.5

Total Hours 227.0 174.5 197.5 145.0 744.0

11. Out-of-pocket expenses incurred by PJT are charged to a client if out-of-pocket 

expenses are incurred for the client or are otherwise necessary in connection with services 

rendered for such particular client. PJT does not factor general overhead expenses into any 

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disbursements charged to its clients in connection with chapter 11 cases. PJT has followed its

general internal policies with respect to out-of-pocket expenses billed as set forth below, with 

any exceptions specifically explained.

(a) All cross-country airfare charges are based upon coach class rates;

(b) With respect to local travel, PJT’s general policy enables employees to travel by 

taxi or, in certain circumstances, private car service to and from meetings while 

rendering services to a client on a client related matter, for which the client is 

charged. Further, and primarily for safety reasons, employees are permitted to 

charge to a client the cost of transportation home if an employee is required to 

work past 9:00 p.m., and to charge a client the cost of transportation for work on 

weekends and holidays on client-specific matters.

(c) PJT’s general policy permits its professionals to charge in-office dinner meals 3 

hours beyond their regularly scheduled workday if an employee is required to 

provide services to the client during such dinnertime, and to charge in-office 

meals on the weekend if an employee is required to provide services to a client on 

the weekend.

(d) The External Research category of expenses includes charges from outside 

computer/electronic service companies that supply, for a fee, research and/or 

financial documents to PJT. The services provided by these companies primarily 

consist of the retrieval of financial documents from regulatory agencies and/or the 

retrieval of research that would not otherwise be available to PJT. The Internal 

Research category of expenses are the charges for time spent by PJT research 

staff in operating the computer/electronic terminals related to these 

computer/electronic service companies.

(e) The Publishing Services category of expenses includes charges for the production 

of text-based publications such as research reports and presentations, and printing 

and binding services.

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VI. Requested Relief

WHEREFORE, pursuant to Sections 316 and 317 of PROMESA, the Interim 

Compensation Order and the Engagement Agreement, PJT respectfully requests that the Court:

(a) allow (i) PJT’s Monthly Fees in the amount of $5,000,000.00, and (ii) the 

reimbursement of PJT’s out-of-pocket expenses in the amount of $1,875.26 in respect 

of the Eleventh Interim Period;

(b) authorize and direct the Debtors to pay PJT’s allowed Monthly Fees that remain 

unpaid, including all holdbacks, earned or incurred during the Eleventh Interim 

Period; 

and

(c) grant such other and further relief as this Court deems just and proper.

Dated: January 25, 2023 PJT PARTNERS LP

By: /s/ Steven Zelin

Steven Zelin

 Partner

280 Park Avenue

New York, NY 10017

(212) 364-7800

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UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

PROMESA

In re Title III

THE FINANCIAL OVERSIGHT AND No. 17 BK 3283-LTS

MANAGEMENT BOARD FOR PUERTO RICO,

(Jointly Administered)

As a representative of

THE COMMONWEALTH OF PUERTO RICO

et al.,

 Debtors.1

CERTIFICATION FOR FEES AND OUT-OF-POCKET EXPENSES

FOR PROFESSIONALS IN RESPECT OF ELEVENTH INTERIM FEE APPLICATION

OF PJT PARTNERS LP FOR ALLOWANCE OF COMPENSATION AND 

REIMBURSEMENT OF OUT-OF-POCKET EXPENSES INCURRED 

Steven Zelin, being duly sworn, deposes and says:

1. I am a partner with the applicant firm, PJT Partners LP (“PJT”).

2. In accordance with sections 316 and 317 of the Puerto Rico Oversight, 

Management and Economic Stability Act of 2016, Rule 2016-1 of the Local Bankruptcy Rules 

for the United States Bankruptcy Court for the District of Puerto Rico (the “Local Rules”), the 

Office of the United States Trustee guidelines (the “UST Guidelines”), and the Second Amended

Order Setting Procedures for Interim Compensation and Reimbursement of Expenses of 

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the: (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID:

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) 

(Last Four Digits of Federal Tax ID: 3747) (Title III case numbers are listed as Bankruptcy Case numbers due to 

software limitations).

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Professionals [Docket No. 3269] (the “Interim Compensation Order”), this certification is made 

with respect to PJT’s eleventh interim fee application dated January 25, 2023 (the “Eleventh

Interim Fee Application”), for allowance of compensation and reimbursement of out-of-pocket 

expenses incurred during the period of June 1, 2022 through September 30, 2022.

3. In respect of Local Rule 2016-1(a)(4), I certify that:

a. I have read the Eleventh Interim Fee Application;

b. To the best of my knowledge, information and belief, formed after reasonable 

inquiry, the fees sought conforms with the Bankruptcy Code, the Federal

Rules of Bankruptcy Procedure, the United States Trustee Guidelines, and the

Local Rules; and

c. The fees and out-of-pocket expenses sought are customarily charged by PJT

and generally accepted by PJT’s clients.

By: /s/ Steven Zelin

Steven Zelin

Partner 

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APPENDIX A

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January 25, 2023

$ 1,250,000.00

Jaime Elkoury

Restructuring Officer and Deputy General Counsel

Financial Oversight and Management Board for Puerto Rico

P.O. Box 192018

San Juan, PR 00919

Monthly Fee for the period of June 1, 2022 through June 30, 

2022:

Out-of-pocket expenses processed through June 22, 2022:(1)

Airfare $ 488.80 488.80

Total Amount Due $ 1,250,488.80

Invoice No. 10021431

(1) Expenses incurred, but not yet processed due to timing differences will be billed at a later date. PJT Partners LP

Finance Department - 17th Floor

280 Park Avenue

New York, NY 10017

(212) 364-7800

PJTUSInvoicing@pjtpartners.com

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GL Detail Total

Jun-22 Expenses

Airfare $ 488.80 $ 488.80

Total $ 488.80 $ 488.80

Airfare $ 488.80

Total Expenses $ 488.80

Financial Oversight and Management Board for Puerto Rico

Summary of Expenses

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Airfare

Weetman (one-way coach class flight to Queens, NY from San Puerto, PR) 03/16/22 488.80

Subtotal - Airfare $ 488.80

Total Expenses $ 488.80

Financial Oversight and Management Board for Puerto Rico

Detail of Expenses Processed

Through June 22, 2022

Invoice No. 10021431

Page 3 of 3

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January 25, 2023

$ 1,250,000.00

Jaime Elkoury

Restructuring Officer and Deputy General Counsel

Financial Oversight and Management Board for Puerto Rico

P.O. Box 192018

San Juan, PR 00919

Monthly Fee for the period of July 1, 2022 through July 31, 

2022:

Out-of-pocket expenses processed through July 22, 2022:(1)

Ground Transportation $ 298.47

Communications 8.00

Meals 70.54

Lodging 611.65 988.66

Total Amount Due $ 1,250,988.66

Invoice No. 10022120

(1) Expenses incurred, but not yet processed due to timing differences will be billed at a later date. PJT Partners LP

Finance Department - 17th Floor

280 Park Avenue

New York, NY 10017

(212) 364-7800

PJTUSInvoicing@pjtpartners.com

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GL Detail Total

Jul-22 Expenses

Ground Transportation $ 298.47 $ 298.47

Communications 8.00 8.00

Employee Meals 70.54 70.54

Lodging 611.65 611.65

Total $ 988.66 $ 988.66

Ground Transportation 298.47

Communications 8.00

Meals 70.54

Lodging 611.65

Total Expenses $ 988.66

Financial Oversight and Management Board for Puerto Rico

Summary of Expenses

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Document Page 20 of 48
Ground Transportation

Weetman (taxi to JFK Airport in Queens, NY from home) 03/14/22 93.67

Weetman (taxi to LaGuardia Airport from JFK Airport in Queens, NY) 03/14/22 67.91

Weetman (taxi while in San Juan, PR) 03/15/22 11.84

Weetman (taxi to office from JFK Airport in Queens, NY) 03/16/22 74.22

Weetman (weeknight taxi home from office) 03/16/22 22.42

Weetman (weeknight taxi home from office) 04/21/22 28.41

Subtotal - Ground Transportation $ 298.47

Communications

Weetman (wi-fi acccess while traveling) 05/27/22 8.00

Subtotal - Communications 8.00

Employee Meals

Weetman (in-room dinner meal @ hotel in San Juan, PR) 03/14/22 70.54

Subtotal - Employee Meals 70.54

Lodging

Weetman (1 day hotel stay in San Juan, PR) 03/14/22 - 03/15/22 611.65

Subtotal - Lodging 611.65

Total Expenses $ 988.66

Financial Oversight and Management Board for Puerto Rico

Detail of Expenses Processed

Through July 22, 2022

Invoice No. 10022120

Page 3 of 3

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January 25, 2023

Jaime Elkoury

Restructuring Officer and Deputy General Counsel

Financial Oversight and Management Board for Puerto Rico

P.O. Box 192018

San Juan, PR 00919

Monthly Fee for the period of August 1, 2022 through August 31, 2022: $ 1,250,000.00

Total Amount Due(1) $ 1,250,000.00

Invoice No. 10022122

(1) Expenses incurred, but not yet processed due to timing differences will be billed at a later date. PJT Partners LP

Finance Department - 17th Floor

280 Park Avenue

New York, NY 10017

(212) 364-7800

PJTUSInvoicing@pjtpartners.com

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January 25, 2023

Jaime Elkoury

Restructuring Officer and Deputy General Counsel

Financial Oversight and Management Board for Puerto Rico

P.O. Box 192018

San Juan, PR 00919

Monthly Fee for the period of September 1, 2022 through September 30, 2022: $ 1,250,000.00

Total Amount Due $ 1,250,000.00

Invoice No. 10022239

PJT Partners LP

Finance Department - 17th Floor

280 Park Avenue

New York, NY 10017

(212) 364-7800

PJTUSInvoicing@pjtpartners.com

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APPENDIX B

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PJT PARTNERS LP

SUMMARY OF HOURS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Title Hours

Steve Zelin 14.5

William Evarts 54.0

Ashim Midha 51.0

Lauren Weetman Analyst 54.5

Angela Weng Analyst 53.0

Total 227.0

Partner

Managing Director

Associate

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Steve Zelin 06/03/22 1.5 Review and Comment on Media Release HTA

Steve Zelin 06/13/22 0.5 FOMB Advisor Call HTA

Steve Zelin 06/17/22 4.5 Disclosure Statement Hearing HTA

Steve Zelin 06/17/22 0.5 FOMB Advisor Call HTA

Steve Zelin 06/17/22 1.0 FOMB Board Call HTA

Steve Zelin 06/20/22 1.5 Review of Materials re Board Note HTA

Steve Zelin 06/30/22 0.5 FOMB Advisor Call HTA

Steve Zelin 06/30/22 3.0 FOMB Strategy Session HTA

Steve Zelin 06/30/22 1.5 Review of Materials for Strategy Session HTA

14.5

Page 2 of 7

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Willie Evarts 06/01/22 1.0 Calls and Emails re Cash Availability for Distributions HTA

Willie Evarts 06/01/22 1.0 Internal Discussion re Class Distribution HTA

Willie Evarts 06/01/22 1.0 Review of Claims Information HTA

Willie Evarts 06/01/22 0.5 Review of Response re Creditor Request HTA

Willie Evarts 06/02/22 0.5 Call re Bond Indenture Edits HTA

Willie Evarts 06/02/22 1.0 Review of Disclosure Statement Chart HTA

Willie Evarts 06/03/22 2.0 Review and Comment on Media Release HTA

Willie Evarts 06/03/22 1.5 Review of Board Materials HTA

Willie Evarts 06/03/22 1.0 Review of Updated Confirmation Documentation, Including Creditor Edits HTA

Willie Evarts 06/06/22 1.0 Review of Commonwealth Loan Edits and Related Communication HTA

Willie Evarts 06/06/22 1.0 Review of Creditor Edits to Plan and Call with Counsel HTA

Willie Evarts 06/07/22 0.5 Review of Revised Confirmation Order HTA

Willie Evarts 06/08/22 1.0 Calls and Email re Distribution Contacts HTA

Willie Evarts 06/08/22 1.5 Research and Calls re Press Reports Critical of Plan HTA

Willie Evarts 06/09/22 0.5 Calls and Email re Distribution Contacts HTA

Willie Evarts 06/09/22 1.0 Review of Claims Information HTA

Willie Evarts 06/09/22 2.0 Review of Email Correspondence re HTA Loan Agreement HTA

Willie Evarts 06/10/22 1.5 Calls and emails re HTA Loan Agreement sizing HTA

Willie Evarts 06/10/22 2.0 Review of Distribution Files HTA

Willie Evarts 06/13/22 0.5 FOMB Advisor Call HTA

Willie Evarts 06/13/22 2.0 Review of Distribution Files HTA

Willie Evarts 06/15/22 1.0 Review of comments on HTA Loan Agreement HTA

Willie Evarts 06/17/22 4.5 Disclosure Statement Hearing HTA

Willie Evarts 06/17/22 0.5 FOMB Advisor Call HTA

Willie Evarts 06/17/22 1.0 FOMB Board Call HTA

Willie Evarts 06/17/22 1.0 Review of Materials for Board Discussion HTA

Willie Evarts 06/18/22 2.0 Calls and Emails re Indenture HTA

Willie Evarts 06/19/22 2.0 Calls and Emails re Indenture HTA

Willie Evarts 06/20/22 1.0 Calls and Emails re Indenture HTA

Willie Evarts 06/20/22 1.0 Internal Discussions re: Various Matters HTA

Willie Evarts 06/20/22 0.5 Preparation of Materials re Board Note HTA

Willie Evarts 06/22/22 1.0 Internal Discussion re Distributions HTA

Willie Evarts 06/22/22 0.5 Internal Discussions re: Various Matters HTA

Willie Evarts 06/23/22 1.0 Internal Discussion re Distributions HTA

Willie Evarts 06/24/22 1.0 Correspondence with Claims Agent re CUSIP HTA

Willie Evarts 06/24/22 1.0 Review of Indenture Edits HTA

Willie Evarts 06/26/22 2.0 Final Diligence on Recovery Allocations HTA

Willie Evarts 06/27/22 1.0 Coordination on Satisfaction of Distribution Conditions HTA

Willie Evarts 06/27/22 1.0 Internal Discussions re: Various Matters HTA

Willie Evarts 06/28/22 0.5 Review of Analysis re Monolines HTA

Page 3 of 7

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Willie Evarts 06/28/22 1.5 Review of Fee Distribution Analysis HTA

Willie Evarts 06/30/22 0.5 FOMB Advisor Call HTA

Willie Evarts 06/30/22 3.0 FOMB Strategy Session HTA

Willie Evarts 06/30/22 1.5 Review of Materials for Strategy Session HTA

54.0

Page 4 of 7

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Document Page 28 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Ashim Midha 06/01/22 1.0 Internal Discussion re Class Distribution HTA

Ashim Midha 06/01/22 3.0 Review of Claims Information HTA

Ashim Midha 06/01/22 2.0 Review of Response re Creditor Request HTA

Ashim Midha 06/02/22 3.0 Review of Disclosure Statement Chart HTA

Ashim Midha 06/03/22 2.0 Review and Comment on Media Release HTA

Ashim Midha 06/03/22 2.0 Review of Board Materials HTA

Ashim Midha 06/07/22 1.0 Review of Revised Confirmation Order HTA

Ashim Midha 06/09/22 2.0 Review of Email Correspondence re HTA Loan Agreement HTA

Ashim Midha 06/10/22 1.0 Review of Distribution Files HTA

Ashim Midha 06/13/22 0.5 FOMB Advisor Call HTA

Ashim Midha 06/13/22 3.0 Review of Distribution Files HTA

Ashim Midha 06/17/22 4.5 Disclosure Statement Hearing HTA

Ashim Midha 06/17/22 0.5 FOMB Advisor Call HTA

Ashim Midha 06/17/22 1.0 FOMB Board Call HTA

Ashim Midha 06/17/22 1.0 Review of Materials for Board Discussion HTA

Ashim Midha 06/19/22 1.0 Review of Email Correspondence re Indenture HTA

Ashim Midha 06/19/22 2.0 Review of Email Correspondence re Indenture HTA

Ashim Midha 06/20/22 1.0 Internal Discussions re: Various Matters HTA

Ashim Midha 06/20/22 1.5 Preparation of Materials re Board Note HTA

Ashim Midha 06/22/22 2.0 Internal Discussion re Distributions HTA

Ashim Midha 06/22/22 3.0 Internal Discussions re: Various Matters HTA

Ashim Midha 06/23/22 1.0 Internal Discussion re Distributions HTA

Ashim Midha 06/23/22 1.0 Preparation and Review of Analysis re Distributions CW, HTA

Ashim Midha 06/24/22 1.0 Review of Email Correspondence re Indenture HTA

Ashim Midha 06/27/22 2.0 Internal Discussions re: Various Matters HTA

Ashim Midha 06/28/22 1.0 Review of Analysis re Monolines HTA

Ashim Midha 06/28/22 1.0 Review of Distribution Analysis HTA

Ashim Midha 06/28/22 1.0 Review of Fee Distribution Analysis HTA

Ashim Midha 06/30/22 0.5 FOMB Advisor Call HTA

Ashim Midha 06/30/22 3.0 FOMB Strategy Session HTA

Ashim Midha 06/30/22 1.5 Review of Materials for Strategy Session HTA

51.0

Page 5 of 7

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Lauren Weetman 06/01/22 1.0 Internal Discussion re Class Distribution HTA

Lauren Weetman 06/01/22 4.5 Preparation of Claims Information HTA

Lauren Weetman 06/01/22 1.0 Preparation of Response re Creditor Request HTA

Lauren Weetman 06/02/22 3.5 Preparation of Disclosure Statement Chart HTA

Lauren Weetman 06/03/22 1.0 Review and Comment on Media Release HTA

Lauren Weetman 06/03/22 2.0 Review of Board Materials HTA

Lauren Weetman 06/07/22 1.0 Review of Revised Confirmation Order HTA

Lauren Weetman 06/09/22 0.5 Discussion with Prime Clerk re Commonwealth Loan HTA

Lauren Weetman 06/09/22 2.0 Preparation of Analysis re Commonwealth Loan HTA

Lauren Weetman 06/10/22 2.0 Review of Distribution Files HTA

Lauren Weetman 06/13/22 0.5 FOMB Advisor Call HTA

Lauren Weetman 06/13/22 2.0 Review of Distribution Files HTA

Lauren Weetman 06/17/22 4.5 Disclosure Statement Hearing HTA

Lauren Weetman 06/17/22 0.5 FOMB Advisor Call HTA

Lauren Weetman 06/20/22 3.0 Internal Discussions re: Various Matters HTA

Lauren Weetman 06/22/22 2.0 Internal Discussion re Distributions HTA

Lauren Weetman 06/22/22 3.0 Internal Discussions re: Various Matters HTA

Lauren Weetman 06/23/22 1.0 Internal Discussion re Distributions HTA

Lauren Weetman 06/23/22 1.0 Preparation and Review of Analysis re Distributions CW, HTA

Lauren Weetman 06/23/22 4.0 Review of Distribution Files HTA

Lauren Weetman 06/27/22 2.0 Internal Discussions re: Various Matters HTA

Lauren Weetman 06/27/22 2.0 Review of Distribution Files HTA

Lauren Weetman 06/28/22 2.0 Preparation of Analysis re Monolines HTA

Lauren Weetman 06/28/22 2.5 Preparation of Distribution Analysis HTA

Lauren Weetman 06/28/22 2.5 Preparation of Fee Distribution Analysis HTA

Lauren Weetman 06/30/22 0.5 FOMB Advisor Call HTA

Lauren Weetman 06/30/22 3.0 FOMB Strategy Session HTA

54.5

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JUNE 1, 2022 THROUGH JUNE 30, 2022

Professional Date Hours Explanation Entity

Angela Weng 06/01/22 1.0 Internal Discussion re Class Distribution HTA

Angela Weng 06/01/22 2.0 Preparation of Claims Information HTA

Angela Weng 06/01/22 2.0 Review of Claims Information HTA

Angela Weng 06/01/22 1.0 Review of Response re Creditor Request HTA

Angela Weng 06/02/22 2.0 Preparation of Disclosure Statement Chart HTA

Angela Weng 06/02/22 1.0 Review of Disclosure Statement Chart HTA

Angela Weng 06/03/22 1.0 Review and Comment on Media Release HTA

Angela Weng 06/03/22 0.5 Review of Board Materials HTA

Angela Weng 06/07/22 0.5 Review of Revised Confirmation Order HTA

Angela Weng 06/09/22 0.5 Discussion with Prime Clerk re Commonwealth Loan HTA

Angela Weng 06/09/22 2.0 Preparation of Analysis re Commonwealth Loan HTA

Angela Weng 06/10/22 2.0 Review of Distribution Files HTA

Angela Weng 06/13/22 0.5 FOMB Advisor Call HTA

Angela Weng 06/13/22 2.0 Review of Distribution Files HTA

Angela Weng 06/17/22 4.5 Disclosure Statement Hearing HTA

Angela Weng 06/17/22 0.5 FOMB Advisor Call HTA

Angela Weng 06/17/22 1.0 FOMB Board Call HTA

Angela Weng 06/20/22 3.0 Internal Discussions re: Various Matters HTA

Angela Weng 06/22/22 2.0 Internal Discussion re Distributions HTA

Angela Weng 06/22/22 3.0 Internal Discussions re: Various Matters HTA

Angela Weng 06/23/22 1.0 Internal Discussion re Distributions HTA

Angela Weng 06/23/22 4.0 Review of Distribution Files HTA

Angela Weng 06/24/22 1.0 Review of Email Correspondence re Indenture HTA

Angela Weng 06/27/22 2.0 Internal Discussions re: Various Matters HTA

Angela Weng 06/27/22 2.0 Review of Distribution Files HTA

Angela Weng 06/28/22 2.0 Preparation of Analysis re Monolines HTA

Angela Weng 06/28/22 2.5 Preparation of Distribution Analysis HTA

Angela Weng 06/28/22 3.0 Preparation of Fee Distribution Analysis HTA

Angela Weng 06/30/22 0.5 FOMB Advisor Call HTA

Angela Weng 06/30/22 3.0 FOMB Strategy Session HTA

53.0

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PJT PARTNERS LP

SUMMARY OF HOURS FOR THE PERIOD OF

JULY 1, 2022 THROUGH JULY 31, 2022

Professional Title Hours

Steve Zelin 20.0

William Evarts 48.0

Ashim Midha 52.0

Angela Weng Analyst 54.5

Total 174.5

Partner

Managing Director

Associate

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JULY 1, 2022 THROUGH JULY 31, 2022

Professional Date Hours Explanation Entity

Steve Zelin 07/01/22 0.5 FOMB Press Conference HTA

Steve Zelin 07/01/22 3.0 FOMB Public Board Meeting HTA

Steve Zelin 07/01/22 1.5 Review of Materials re Distributions HTA

Steve Zelin 07/07/22 0.5 FOMB Advisor Call HTA

Steve Zelin 07/09/22 3.0 Review of Materials re Annual Report HTA

Steve Zelin 07/10/22 0.5 FOMB Advisor Call HTA

Steve Zelin 07/12/22 2.5 Review and Comment on Annual Report HTA

Steve Zelin 07/14/22 0.5 FOMB Advisor Call HTA

Steve Zelin 07/15/22 1.5 Review of Materials re Annual Report HTA

Steve Zelin 07/19/22 0.5 Meeting with Prime Clerk, Ankura, OMM re Notas HTA

Steve Zelin 07/20/22 1.5 Review of Materials re Indenture HTA

Steve Zelin 07/23/22 1.5 Review of Confirmation Declaration HTA

Steve Zelin 07/25/22 0.5 FOMB Advisor Call HTA

Steve Zelin 07/26/22 0.5 Review of HTA Voting Report HTA

Steve Zelin 07/27/22 1.5 Review of Materials and calls re Confirmation Objection HTA

Steve Zelin 07/29/22 0.5 Review of Letter Agreement HTA

20.0

Page 2 of 5

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JULY 1, 2022 THROUGH JULY 31, 2022

Professional Date Hours Explanation Entity

Willie Evarts 07/01/22 0.5 FOMB Press Conference HTA

Willie Evarts 07/01/22 3.0 FOMB Public Board Meeting HTA

Willie Evarts 07/01/22 1.5 Review of Materials re Distributions HTA

Willie Evarts 07/05/22 1.0 Calls and Emails with AAFAF re Distribution Information HTA

Willie Evarts 07/05/22 1.0 Review of Materials re Distributions HTA

Willie Evarts 07/07/22 0.5 FOMB Advisor Call HTA

Willie Evarts 07/07/22 2.0 Review and Calls re Expert Disclosures HTA

Willie Evarts 07/09/22 2.0 Review of Materials re Annual Report HTA

Willie Evarts 07/10/22 0.5 FOMB Advisor Call HTA

Willie Evarts 07/11/22 1.0 Calls and Discussions re Closing Mechanics HTA

Willie Evarts 07/12/22 0.5 Calls and Emails re Distribution Mechanics HTA

Willie Evarts 07/12/22 1.5 Calls with FOMB Advisros and AAFAF re Surplus Funds HTA

Willie Evarts 07/12/22 2.5 Edits to Annual Report HTA

Willie Evarts 07/13/22 2.0 Call with Prime Clerk re Distributions HTA

Willie Evarts 07/13/22 1.0 Calls with FOMB Counsel re Distributions HTA

Willie Evarts 07/13/22 2.0 Internal Discussions and Review re Distribution Amounts HTA

Willie Evarts 07/14/22 2.5 Calls with Counsel and AAFAF re Interim Distribution Obligations HTA

Willie Evarts 07/14/22 0.5 FOMB Advisor Call HTA

Willie Evarts 07/14/22 1.0 Review of Edits to Annual Report HTA

Willie Evarts 07/15/22 2.0 Review of Materials re Annual Report HTA

Willie Evarts 07/18/22 1.0 Call with Counsel re Confirmation Preparation HTA

Willie Evarts 07/18/22 1.5 Calls and Emails re Distribution Mechanics HTA

Willie Evarts 07/19/22 0.5 Meeting with Prime Clerk, Ankura, OMM re Notas HTA

Willie Evarts 07/19/22 1.0 Review of Materials re Notas HTA

Willie Evarts 07/20/22 2.0 Review of Materials re Indenture HTA

Willie Evarts 07/21/22 1.0 Review of Bondholder Request re CVI HTA

Willie Evarts 07/23/22 1.5 Calls re Confirmation Declaration HTA

Willie Evarts 07/23/22 3.5 Review of and Calls re Confirmation Declaration HTA

Willie Evarts 07/25/22 0.5 FOMB Advisor Call HTA

Willie Evarts 07/26/22 0.5 Review of HTA Voting Report HTA

Willie Evarts 07/27/22 2.0 Calls and Emails re US DOJ Inquiry HTA

Willie Evarts 07/27/22 2.5 Review of Materials and calls re Confirmation Objection HTA

Willie Evarts 07/28/22 0.5 FOMB Advisor Call HTA

Willie Evarts 07/29/22 1.0 Reconciliation of PSA Consents HTA

Willie Evarts 07/29/22 0.5 Review of Letter Agreement HTA

48.0

Page 3 of 5

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JULY 1, 2022 THROUGH JULY 31, 2022

Professional Date Hours Explanation Entity

Ashim Midha 07/01/22 0.5 FOMB Press Conference HTA

Ashim Midha 07/01/22 3.0 FOMB Public Board Meeting HTA

Ashim Midha 07/01/22 1.5 Review of Materials re Distributions HTA

Ashim Midha 07/05/22 3.5 Review of Materials re Distributions HTA

Ashim Midha 07/07/22 0.5 FOMB Advisor Call HTA

Ashim Midha 07/07/22 1.5 Review and Calls re Expert Disclosures HTA

Ashim Midha 07/07/22 3.0 Review of Materials re Distributions HTA

Ashim Midha 07/09/22 4.0 Review of Materials re Annual Report HTA

Ashim Midha 07/10/22 0.5 FOMB Advisor Call HTA

Ashim Midha 07/11/22 1.0 Calls and Discussions re Closing Mechanics HTA

Ashim Midha 07/11/22 2.0 Review of Closing Mechanics HTA

Ashim Midha 07/12/22 0.5 Internal Discussion re Various Matters HTA

Ashim Midha 07/12/22 2.0 Review of Correspondence re Distribution Mechanics HTA

Ashim Midha 07/13/22 2.0 Call with Prime Clerk re Distributions HTA

Ashim Midha 07/13/22 3.5 Internal Discussions re Distribution Amounts HTA

Ashim Midha 07/13/22 2.0 Internal Discussions re Distribution Mechanics HTA

Ashim Midha 07/14/22 0.5 FOMB Advisor Call HTA

Ashim Midha 07/15/22 2.5 Review of Materials re Annual Report HTA

Ashim Midha 07/18/22 1.5 Review of Correspondence re Distribution Mechanics HTA

Ashim Midha 07/19/22 0.5 Meeting with Prime Clerk, Ankura, OMM re Notas HTA

Ashim Midha 07/19/22 3.0 Review of Materials re Notas HTA

Ashim Midha 07/20/22 2.0 Review of Materials re Indenture HTA

Ashim Midha 07/21/22 1.0 Review of Bondholder Request re CVI HTA

Ashim Midha 07/23/22 3.5 Review of Confirmation Declaration HTA

Ashim Midha 07/25/22 0.5 FOMB Advisor Call HTA

Ashim Midha 07/26/22 0.5 Review of HTA Voting Report HTA

Ashim Midha 07/27/22 2.5 Review of Materials and calls re Confirmation Objection HTA

Ashim Midha 07/28/22 0.5 FOMB Advisor Call HTA

Ashim Midha 07/29/22 2.0 Internal Discussion re PSA Consents HTA

Ashim Midha 07/29/22 0.5 Review of Letter Agreement HTA

52.0

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PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

JULY 1, 2022 THROUGH JULY 31, 2022

Professional Date Hours Explanation Entity

Angela Weng 07/01/22 0.5 FOMB Press Conference HTA

Angela Weng 07/01/22 3.0 FOMB Public Board Meeting HTA

Angela Weng 07/01/22 1.5 Review of Materials re Distributions HTA

Angela Weng 07/04/22 2.0 Review of Various Prior Materials HTA

Angela Weng 07/05/22 4.0 Preparation of Materials re Distributions HTA

Angela Weng 07/06/22 3.5 Review of Various Prior Materials HTA

Angela Weng 07/07/22 0.5 FOMB Advisor Call HTA

Angela Weng 07/07/22 1.5 Review and Calls re Expert Disclosures HTA

Angela Weng 07/09/22 3.5 Review of Materials re Annual Report HTA

Angela Weng 07/10/22 0.5 FOMB Advisor Call HTA

Angela Weng 07/12/22 0.5 Internal Discussion re Various Matters HTA

Angela Weng 07/12/22 2.0 Review of Correspondence re Distribution Mechanics HTA

Angela Weng 07/13/22 2.0 Call with Prime Clerk re Distributions HTA

Angela Weng 07/13/22 3.5 Internal Discussions re Distribution Amounts HTA

Angela Weng 07/13/22 2.0 Internal Discussions re Distribution Mechanics HTA

Angela Weng 07/13/22 3.0 Preparation of Materials re Distribution Amounts HTA

Angela Weng 07/14/22 0.5 FOMB Advisor Call HTA

Angela Weng 07/15/22 2.5 Review of Materials re Annual Report HTA

Angela Weng 07/18/22 1.5 Review of Correspondence re Distribution Mechanics HTA

Angela Weng 07/19/22 0.5 Meeting with Prime Clerk, Ankura, OMM re Notas HTA

Angela Weng 07/19/22 3.0 Review of Materials re Notas HTA

Angela Weng 07/20/22 2.0 Review of Materials re Indenture HTA

Angela Weng 07/21/22 1.0 Review of Bondholder Request re CVI HTA

Angela Weng 07/23/22 3.5 Review of Confirmation Declaration HTA

Angela Weng 07/25/22 0.5 FOMB Advisor Call HTA

Angela Weng 07/26/22 0.5 Review of HTA Voting Report HTA

Angela Weng 07/27/22 2.5 Review of Materials and calls re Confirmation Objection HTA

Angela Weng 07/28/22 0.5 FOMB Advisor Call HTA

Angela Weng 07/29/22 2.0 Internal Discussion re PSA Consents HTA

Angela Weng 07/29/22 0.5 Review of Letter Agreement HTA

54.5

Page 5 of 5

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 36 of 48
PJT PARTNERS LP

SUMMARY OF HOURS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Title Hours

Steve Zelin 21.5

William Evarts 61.5

Ashim Midha 52.5

Angela Weng Analyst 62.0

Total 197.5

Partner

Managing Director

Associate

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 37 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Date Hours Explanation Entity

Steve Zelin 08/01/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/02/22 0.5 Discussion re Distribution Issues HTA

Steve Zelin 08/03/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/04/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/07/22 1.0 Review of Revised Letter Agreement HTA

Steve Zelin 08/08/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/10/22 1.0 Call with FOMB Advisors re Tolls HTA

Steve Zelin 08/12/22 0.5 Call with FOMB Team re Distributions HTA

Steve Zelin 08/15/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/17/22 8.0 Confirmation Hearings and Related Preparation HTA

Steve Zelin 08/18/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/18/22 1.0 Review and Calls re Court Order HTA

Steve Zelin 08/19/22 0.5 FOMB Advisor Call re HTA Creditor HTA

Steve Zelin 08/22/22 1.0 Calls re Effective Date Implementation HTA

Steve Zelin 08/22/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/22/22 1.5 Review of Revised HTA Documents HTA

Steve Zelin 08/23/22 1.0 Review of Revised HTA Documents HTA

Steve Zelin 08/25/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/29/22 0.5 FOMB Advisor Call HTA

Steve Zelin 08/30/22 1.0 Call with FOMB and AAFAF Advisors re HTA Effective Date HTA

21.5

Page 2 of 6

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Document Page 38 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Date Hours Explanation Entity

Willie Evarts 08/01/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/01/22 1.0 Review of Materials re Distributions HTA

Willie Evarts 08/01/22 1.5 Review of Materials re Restriction Fees HTA

Willie Evarts 08/02/22 1.0 Discussion re Distribution Issues HTA

Willie Evarts 08/02/22 1.0 Review of Confirmation Objection Response HTA

Willie Evarts 08/02/22 1.0 Review of Fee Distribution Analysis HTA

Willie Evarts 08/02/22 1.5 Review of Materials re Restriction Fees HTA

Willie Evarts 08/03/22 0.5 Call re HTA Fiscal Plan Timing HTA

Willie Evarts 08/03/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/03/22 0.5 Review of Emails re Fiscal Plan Timing HTA

Willie Evarts 08/03/22 1.0 Review of Revised Letter Agreement HTA

Willie Evarts 08/04/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/04/22 1.5 Review of Confirmation Objection Response HTA

Willie Evarts 08/04/22 1.0 Review of Information for Confirmation Reply HTA

Willie Evarts 08/05/22 1.0 Review and Calls re Revised Letter Agreement HTA

Willie Evarts 08/05/22 2.0 Review of Board Materials and FOMB Meeting HTA

Willie Evarts 08/05/22 1.0 Review of Fee Distribution Analysis HTA

Willie Evarts 08/06/22 0.5 Review of Revised Letter Agreement HTA

Willie Evarts 08/07/22 0.5 Coordination re Revised Plan HTA

Willie Evarts 08/07/22 1.0 Review of Revised Letter Agreement HTA

Willie Evarts 08/08/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/10/22 1.0 Call with FOMB Advisors re Tolls HTA

Willie Evarts 08/10/22 1.0 Review and Preparation for Press Questions HTA

Willie Evarts 08/11/22 1.5 Review and Calls re Revised Letter Agreement HTA

Willie Evarts 08/12/22 0.5 Call with FOMB Team re Distributions HTA

Willie Evarts 08/15/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/15/22 5.0 Travel to Puerto Rico for Confirmation Hearings HTA

Willie Evarts 08/16/22 8.0 Preparation for Confirmation in FOMB Offices HTA

Willie Evarts 08/17/22 8.0 Confirmation Hearings and Related Preparation HTA

Willie Evarts 08/18/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/18/22 1.0 Review and Calls re Court Order HTA

Willie Evarts 08/18/22 5.0 Travel to NY from Puerto Rico HTA

Willie Evarts 08/19/22 0.5 FOMB Advisor Call re HTA Creditor HTA

Willie Evarts 08/22/22 1.5 Calls re Effective Date Implementation HTA

Willie Evarts 08/22/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/22/22 1.5 Review of Revised HTA Documents HTA

Willie Evarts 08/23/22 2.0 Review of Revised HTA Documents HTA

Willie Evarts 08/24/22 1.0 Calls and Review of Revised HTA Documents HTA

Willie Evarts 08/25/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/25/22 1.0 Review of Response to AAFAF Request HTA

Page 3 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 39 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Date Hours Explanation Entity

Willie Evarts 08/29/22 0.5 FOMB Advisor Call HTA

Willie Evarts 08/30/22 1.0 Call with FOMB and AAFAF Advisors re HTA Effective Date HTA

61.5

Page 4 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 40 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Date Hours Explanation Entity

Ashim Midha 08/01/22 1.0 Call with EY re ERS HTA

Ashim Midha 08/01/22 2.5 Review of Materials re ERS HTA

Ashim Midha 08/01/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/01/22 2.0 Review of Materials re Distributions HTA

Ashim Midha 08/01/22 3.0 Review of Materials re ERS HTA

Ashim Midha 08/01/22 1.5 Review of Materials re Restriction Fees HTA

Ashim Midha 08/02/22 1.0 Discussion re Distribution Issues HTA

Ashim Midha 08/02/22 1.0 Review of Confirmation Objection Response HTA

Ashim Midha 08/02/22 2.0 Review of Fee Distribution Analysis HTA

Ashim Midha 08/02/22 2.5 Review of Materials re Restriction Fees HTA

Ashim Midha 08/03/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/03/22 2.0 Review of Fee Distribution Analysis HTA

Ashim Midha 08/04/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/04/22 2.0 Review of Information for Confirmation Reply HTA

Ashim Midha 08/05/22 1.0 Internal Discussion re Fee Distributions HTA

Ashim Midha 08/05/22 2.5 Review of Fee Distribution Analysis HTA

Ashim Midha 08/07/22 1.0 Review of Revised Letter Agreement HTA

Ashim Midha 08/08/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/10/22 1.0 Call with FOMB Advisors re Tolls HTA

Ashim Midha 08/12/22 0.5 Call with FOMB Team re Distributions HTA

Ashim Midha 08/15/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/17/22 8.0 Confirmation Hearings and Related Preparation HTA

Ashim Midha 08/17/22 3.0 Preparation of Response to AAFAF Request CW, HTA

Ashim Midha 08/18/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/18/22 1.0 Review and Calls re Court Order HTA

Ashim Midha 08/19/22 0.5 FOMB Advisor Call re HTA Creditor HTA

Ashim Midha 08/22/22 1.5 Calls re Effective Date Implementation HTA

Ashim Midha 08/22/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/22/22 3.0 Review of Revised HTA Documents HTA

Ashim Midha 08/23/22 1.5 Review of Revised HTA Documents HTA

Ashim Midha 08/25/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/25/22 2.0 Review of Response to AAFAF Request HTA

Ashim Midha 08/29/22 0.5 FOMB Advisor Call HTA

Ashim Midha 08/30/22 1.0 Call with FOMB and AAFAF Advisors re HTA Effective Date HTA

52.5

Page 5 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 41 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

AUGUST 1, 2022 THROUGH AUGUST 31, 2022

Professional Date Hours Explanation Entity

Angela Weng 08/01/22 1.0 Call with EY re ERS HTA

Angela Weng 08/01/22 2.5 Review of Materials re ERS HTA

Angela Weng 08/01/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/01/22 3.5 Preparation of Materials re Restriction Fees HTA

Angela Weng 08/01/22 3.0 Review of Materials re ERS HTA

Angela Weng 08/02/22 1.0 Discussion re Distribution Issues HTA

Angela Weng 08/02/22 4.5 Preparation of Fee Distribution Analysis HTA

Angela Weng 08/02/22 2.5 Preparation of Materials re Restriction Fees HTA

Angela Weng 08/02/22 1.0 Review of Confirmation Objection Response HTA

Angela Weng 08/02/22 2.0 Review of Materials re Restriction Fees HTA

Angela Weng 08/03/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/03/22 2.5 Preparation of Fee Distribution Analysis HTA

Angela Weng 08/04/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/04/22 2.5 Preparation of Fee Distribution Analysis HTA

Angela Weng 08/04/22 2.0 Review of Information for Confirmation Reply HTA

Angela Weng 08/05/22 3.5 Preparation of Fee Distribution Analysis HTA

Angela Weng 08/05/22 1.0 Internal Discussion re Fee Distributions HTA

Angela Weng 08/07/22 1.0 Review of Revised Letter Agreement HTA

Angela Weng 08/08/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/10/22 1.0 Call with FOMB Advisors re Tolls HTA

Angela Weng 08/12/22 0.5 Call with FOMB Team re Distributions HTA

Angela Weng 08/15/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/17/22 8.0 Confirmation Hearings and Related Preparation HTA

Angela Weng 08/17/22 3.0 Preparation of Response to AAFAF Request CW, HTA

Angela Weng 08/18/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/18/22 1.0 Review and Calls re Court Order HTA

Angela Weng 08/19/22 0.5 FOMB Advisor Call re HTA Creditor HTA

Angela Weng 08/22/22 1.5 Calls re Effective Date Implementation HTA

Angela Weng 08/22/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/22/22 3.0 Review of Revised HTA Documents HTA

Angela Weng 08/23/22 1.5 Review of Revised HTA Documents HTA

Angela Weng 08/25/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/25/22 3.0 Preparation of Response to AAFAF Request HTA

Angela Weng 08/29/22 0.5 FOMB Advisor Call HTA

Angela Weng 08/30/22 1.0 Call with FOMB and AAFAF Advisors re HTA Effective Date HTA

62.0

Page 6 of 6

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Document Page 42 of 48
PJT PARTNERS LP

SUMMARY OF HOURS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Title Hours

Steve Zelin 16.0

William Evarts 43.0

Ashim Midha 42.0

Angela Weng Analyst 44.0

Total 145.0

Partner

Managing Director

Associate

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 43 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Date Hours Explanation Entity

Steve Zelin 09/01/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/01/22 1.5 Internal Discussion on Board Process HTA

Steve Zelin 09/02/22 2.0 FOMB Board Call and Related Preparation HTA

Steve Zelin 09/06/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/06/22 0.5 FOMB Advisor Pre-Call re: Metropistas HTA

Steve Zelin 09/06/22 1.0 Internal Discussion HTA

Steve Zelin 09/08/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/09/22 0.5 FOMB Advisor Call re: Metropistas HTA

Steve Zelin 09/09/22 1.0 Internal Discussion HTA

Steve Zelin 09/12/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/15/22 0.5 Call with FOMB Advisors and AAFAF advisors HTA

Steve Zelin 09/15/22 2.0 FOMB Strategy Session HTA

Steve Zelin 09/19/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/22/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/22/22 0.5 Internal Discussion re Distribution Mechanics HTA

Steve Zelin 09/23/22 1.0 FOMB Board Call HTA

Steve Zelin 09/27/22 0.5 FOMB Advisor Call re: Act 41 HTA

Steve Zelin 09/28/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/29/22 0.5 FOMB Advisor Call HTA

Steve Zelin 09/30/22 1.0 FOMB Board Call HTA

16.0

Page 2 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 44 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Date Hours Explanation Entity

Willie Evarts 09/01/22 0.5 Call with FOMB Counsel re Board Approvals Required HTA

Willie Evarts 09/01/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/01/22 1.5 Internal Discussion on Board Process HTA

Willie Evarts 09/01/22 1.0 Review of Final Trust Agreement and Incremental Changes HTA

Willie Evarts 09/02/22 2.0 FOMB Board Call and Related Preparation HTA

Willie Evarts 09/04/22 1.0 Discussion with Counsel and Review of Final Indenture HTA

Willie Evarts 09/05/22 1.0 Call with AAFAF re: Metropistas HTA

Willie Evarts 09/06/22 0.5 Call with AAFAF re: Metropistas HTA

Willie Evarts 09/06/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/06/22 0.5 FOMB Advisor Pre-Call re: Metropistas HTA

Willie Evarts 09/06/22 1.0 Internal Discussion HTA

Willie Evarts 09/06/22 1.5 Review of Final Trust Agreement and Incremental Changes HTA

Willie Evarts 09/06/22 1.5 Review of Underlying Metropistas Declaration HTA

Willie Evarts 09/07/22 1.0 Calls with Counsel and other FOMB Advisors HTA

Willie Evarts 09/08/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/09/22 0.5 FOMB Advisor Call re: Metropistas HTA

Willie Evarts 09/09/22 1.0 Internal Discussion HTA

Willie Evarts 09/09/22 1.0 Review of Press Release HTA

Willie Evarts 09/12/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/13/22 1.0 Calls with FOMB Counsel and Other Advisors HTA

Willie Evarts 09/14/22 1.0 Internal Discussion HTA

Willie Evarts 09/14/22 1.0 Review of Strategy Session Materials HTA

Willie Evarts 09/15/22 0.5 Call with FOMB Advisors and AAFAF advisors HTA

Willie Evarts 09/15/22 3.5 FOMB Strategy Session HTA

Willie Evarts 09/19/22 1.0 Calls with FOMB Counsel HTA

Willie Evarts 09/19/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/22/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/22/22 1.5 Internal Discussion re Distribution Mechanics HTA

Willie Evarts 09/22/22 2.5 Review of Distribution Analysis HTA

Willie Evarts 09/23/22 1.0 Discussion with AAFAF re CVI HTA

Willie Evarts 09/23/22 1.0 FOMB Board Call HTA

Willie Evarts 09/23/22 1.5 Internal Discussion re Distribution Mechanics HTA

Willie Evarts 09/23/22 2.5 Review of Distribution Analysis HTA

Willie Evarts 09/26/22 1.0 Review of Act 41 Materials and Related Calls HTA

Willie Evarts 09/27/22 0.5 Call with FOMB Counsel re Metropistas HTA

Willie Evarts 09/27/22 1.0 Follow-Up Review re Act 41 HTA

Willie Evarts 09/27/22 0.5 FOMB Advisor Call re: Act 41 HTA

Willie Evarts 09/28/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/28/22 1.0 Internal Discussion re Act 41 HTA

Willie Evarts 09/29/22 0.5 Discussion with AAFAF re Metropistas HTA

Page 3 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 45 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Date Hours Explanation Entity

Willie Evarts 09/29/22 0.5 FOMB Advisor Call HTA

Willie Evarts 09/30/22 1.0 FOMB Board Call HTA

43.0

Page 4 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 46 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Date Hours Explanation Entity

Ashim Midha 09/01/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/01/22 1.5 Internal Discussion on Board Process HTA

Ashim Midha 09/01/22 1.0 Review of Final Trust Agreement and Incremental Changes HTA

Ashim Midha 09/02/22 2.0 FOMB Board Call and Related Preparation HTA

Ashim Midha 09/04/22 1.0 Discussion with Counsel and Review of Final Indenture HTA

Ashim Midha 09/05/22 1.0 Call with AAFAF re: Metropistas HTA

Ashim Midha 09/06/22 0.5 Call with AAFAF re: Metropistas HTA

Ashim Midha 09/06/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/06/22 0.5 FOMB Advisor Pre-Call re: Metropistas HTA

Ashim Midha 09/06/22 1.0 Internal Discussion HTA

Ashim Midha 09/06/22 2.0 Review of Underlying Metropistas Declaration HTA

Ashim Midha 09/07/22 1.0 Calls with Counsel and other FOMB Advisors HTA

Ashim Midha 09/08/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/09/22 0.5 FOMB Advisor Call re: Metropistas HTA

Ashim Midha 09/09/22 1.0 Internal Discussion HTA

Ashim Midha 09/09/22 2.0 Review of Press Release HTA

Ashim Midha 09/12/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/14/22 2.0 Internal Discussion HTA

Ashim Midha 09/15/22 0.5 Call with FOMB Advisors and AAFAF advisors HTA

Ashim Midha 09/15/22 3.5 FOMB Strategy Session HTA

Ashim Midha 09/19/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/22/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/22/22 1.0 Internal Discussion re Distribution Mechanics HTA

Ashim Midha 09/22/22 3.0 Review of Distribution Analysis HTA

Ashim Midha 09/23/22 1.0 Discussion with AAFAF re CVI HTA

Ashim Midha 09/23/22 1.0 FOMB Board Call HTA

Ashim Midha 09/23/22 1.5 Internal Discussion re Distribution Mechanics HTA

Ashim Midha 09/23/22 2.5 Review of Distribution Analysis HTA

Ashim Midha 09/26/22 1.0 Review of Act 41 Materials and Related Calls HTA

Ashim Midha 09/26/22 2.5 Internal Discussion re Act 41 HTA

Ashim Midha 09/27/22 1.0 Follow-Up Review re Act 41 HTA

Ashim Midha 09/27/22 0.5 FOMB Advisor Call re: Act 41 HTA

Ashim Midha 09/28/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/28/22 1.0 Internal Discussion re Act 41 HTA

Ashim Midha 09/29/22 0.5 FOMB Advisor Call HTA

Ashim Midha 09/30/22 1.0 FOMB Board Call HTA

42.0

Page 5 of 6

Case:17-03283-LTS Doc#:23388 Filed:01/25/23 Entered:01/25/23 21:07:58 Desc: Main

Document Page 47 of 48
PJT PARTNERS LP

HOURLY DETAILS FOR THE PERIOD OF

SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022

Professional Date Hours Explanation Entity

Angela Weng 09/01/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/01/22 1.5 Internal Discussion on Board Process HTA

Angela Weng 09/01/22 1.0 Review of Final Trust Agreement and Incremental Changes HTA

Angela Weng 09/02/22 2.0 FOMB Board Call and Related Preparation HTA

Angela Weng 09/04/22 1.0 Discussion with Counsel and Review of Final Indenture HTA

Angela Weng 09/05/22 1.0 Call with AAFAF re: Metropistas HTA

Angela Weng 09/06/22 0.5 Call with AAFAF re: Metropistas HTA

Angela Weng 09/06/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/06/22 0.5 FOMB Advisor Pre-Call re: Metropistas HTA

Angela Weng 09/06/22 1.0 Internal Discussion HTA

Angela Weng 09/06/22 2.0 Review of Underlying Metropistas Declaration HTA

Angela Weng 09/07/22 1.0 Calls with Counsel and other FOMB Advisors HTA

Angela Weng 09/08/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/09/22 0.5 FOMB Advisor Call re: Metropistas HTA

Angela Weng 09/09/22 1.0 Internal Discussion HTA

Angela Weng 09/09/22 2.0 Review of Press Release HTA

Angela Weng 09/12/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/14/22 2.0 Internal Discussion HTA

Angela Weng 09/15/22 0.5 Call with FOMB Advisors and AAFAF advisors HTA

Angela Weng 09/15/22 3.5 FOMB Strategy Session HTA

Angela Weng 09/19/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/22/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/22/22 1.0 Internal Discussion re Distribution Mechanics HTA

Angela Weng 09/22/22 3.5 Preparation of Distribution Analysis HTA

Angela Weng 09/23/22 1.0 Discussion with AAFAF re CVI HTA

Angela Weng 09/23/22 1.0 FOMB Board Call HTA

Angela Weng 09/23/22 1.5 Internal Discussion re Distribution Mechanics HTA

Angela Weng 09/23/22 4.0 Preparation of Distribution Analysis HTA

Angela Weng 09/26/22 1.0 Review of Act 41 Materials and Related Calls HTA

Angela Weng 09/26/22 2.5 Internal Discussion re Act 41 HTA

Angela Weng 09/27/22 1.0 Follow-Up Review re Act 41 HTA

Angela Weng 09/27/22 0.5 FOMB Advisor Call re: Act 41 HTA

Angela Weng 09/28/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/28/22 1.0 Internal Discussion re Act 41 HTA

Angela Weng 09/29/22 0.5 FOMB Advisor Call HTA

Angela Weng 09/30/22 1.0 FOMB Board Call HTA

44.0

Page 6 of 6

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Document Page 48 of 48