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17 Page 1 of 15 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE - PDF Free Download
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Doc 1708
Filed 06/27/17
Page 1 #1708 of 15 Date Filed: 06/27/2017 Docket
IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE : : Chapter 11 :
In re PARAGON OFFSHORE PLC, et al., Debtors. 1
: Case No. 16-10386 (CSS) : : (Jointly Administered) :
Objection Deadline: July 17, 2017 at 4:00 p.m. (EDT)
SUMMARY PRICEWATERHOUSECOOPERS LLP’S APPLICATION FOR COMPENSATION IN EXCESS OF ORDINARY COURSE PROFESSIONAL MONTHLY CAP2 Name of Applicant:
PricewaterhouseCoopers LLP ("PwC")3
Authorized to Provide Professional Services For:
Paragon Offshore plc (“Debtors”)
June 8, 2016 Dkt. 444; OCP Order Dkt.235
1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Paragon Offshore plc (6017); Paragon Offshore Finance Company (6632); Paragon International Finance Company (8126); Paragon Offshore Holdings US Inc. (1960); Paragon Offshore Drilling LLC (4541); Paragon FDR Holdings Ltd. (4731); Paragon Duchess Ltd.; Paragon Offshore (Luxembourg) S.à r.l. (5897); PGN Offshore Drilling (Malaysia) Sdn. Bhd. (9238); Paragon Offshore (Labuan) Pte. Ltd. (3505); Paragon Holding SCS 2 Ltd. (4108); Paragon Asset Company Ltd. (2832); Paragon Holding SCS 1 Ltd. (4004); Paragon Offshore Leasing (Luxembourg) S.à r.l. (5936); Paragon Drilling Services 7 LLC (7882); Paragon Offshore Leasing (Switzerland) GmbH (0669); Paragon Offshore do Brasil Ltda.; Paragon Asset (ME) Ltd. (8362); Paragon Asset (UK) Ltd.; Paragon Offshore International Ltd. (6103); Paragon Offshore (North Sea) Ltd.; Paragon (Middle East) Limited (0667); Paragon Holding NCS 2 S.à r.l. (5447); Paragon Leonard Jones LLC (8826); Paragon Offshore (Nederland) B.V.; and Paragon Offshore Contracting GmbH (2832). The Debtors’ mailing address is 3151 Briarpark Drive, Suite 700, Houston, Texas 77042. 2 Terms used in this Application, not otherwise defined, have the meanings given them in the Order Pursuant to Sections 105(a), 327, 328, and 330 of the Bankruptcy Code Authorizing the Debtor to Employ Professionals Used in the Ordinary Course of Business (Dkt. 235), dated April 6, 2016 (the “OCP Order”). 3 Capitalized terms not otherwise defined herein have the meanings given to them in the applicable Motion, Order or other filing (e.g. Application) defined.
¨1¤]#v1&; %B« 1610386170627000000000005
Period for which compensation and reimbursement is sought: Amount of Compensation sought as actual, reasonable and necessary: Amount of Expense Reimbursement sought as actual, reasonable and necessary: This is a:
November 1, 2016 through February 5, 2017 (the “Fee Period”) $370,757.004 $0.00
_X__ monthly ____ interim ____ final application. SUMMARY BY PROJECT Total Hours Compensation
Project Category and Billing Category
Fixed Fee Services Independent Audit Services 2016 Consolidated Audit Subtotal - Hours and Compensation - Fixed Fee Services
1,824.70 $415,000.00 1,824.70 $415,000.00
Hourly Services Tax Advisory Services Transfer Pricing Services Subtotal - Hours and Compensation - Hourly Services Total - Hours and Compensation Sought for Reimbursement
$90,757.00 $90,757.00
$505,757.00
Less: Fees Allowed Under the OCP Retention
Total – Hours and Compensation Sought for Reimbursement
$370,757.00
SUMMARY BY PROJECT AND PROFESSIONAL Project Category and Professional
Fixed Fee Services 2016 Consolidated Audit Brett M Parrish Craig P Friou Douglas C Cogan Kasey Dunn Patrick J Berrigan
Total Hours Compensation
4.00 27.00 1.00 4.00 2.50
This Application requests the total fees less the $45,000 OCP cap for each month, $505,757 less $135,000.
Project Category and Professional
2016 Consolidated Audit (continued) Rajeeb Das Senior Managing Director Aaron T Pocklington Director James Tyler Buck Director Shawn Marie Magee Director John Hillhouse Senior Manager Ryan McKenny Senior Manager Jacob Prentiss Wilson Manager Kelly A Stolyar Manager Andrew Davis Senior Associate Anna Breslin Hoover Senior Associate Cecilia Guerra Senior Associate James Kehoe Lassen Senior Associate Lurinda Claire Anderson Senior Associate Muhammad Qasim Farooq Senior Associate Rachel Elizabeth Deere Senior Associate Randy Eugene Smith Senior Associate Anirban Kar Associate Ankita Gupta Associate Antonela Lezcano Associate Biswajit Mondal Associate Camila Mino Associate Caroline D Purcell Associate Cristina I Godoy Associate Erin Anne Murphy Associate Fabrizio Gelonese Associate Fernando Nicolás Manes Associate Guillermo Salgado Associate Ivan Leon Associate Janet Holland Associate Kacy Machann Associate Koushik Karmakar Associate Maria F Wodniak Associate Martin Bianchi Associate 3
4.00 7.20 6.00 21.30 2.00 109.00 73.50 1.00 233.00 2.30 10.00 76.00 3.00 27.50 195.00 29.20 2.40 1.00 13.00 0.20 3.50 226.00 14.00 45.00 7.00 5.00 9.00 5.00 224.00 80.50 6.60 25.00 5.00
2016 Consolidated Audit (continued) Melisa B Urbano Associate Pablo I Villegas Associate Philip Seo Associate Sydney Erin Clark Associate Wilmer Portela Associate Zachary Sullivan Associate Subtotal - Hours and Compensation - 2016 Consolidated Audit Subtotal - Hours and Compensation - Fixed Fee Services Hourly Services Transfer Pricing Services Nicolas L Raby Partner Jorge Gonzalez Gomez Director Chetan Patel Director Siqi Wang Senior Associate Louis Mitchel Lesser Associate Bryant Hernandez Associate PwC LLP Voluntary Fee Reduction Subtotal - Hours and Compensation - Tax Advisory Services Subtotal - Hours and Compensation - Hourly Services Total - Hours and Compensation Sought for Reimbursement
2.00 28.00 19.50 235.50 6.00 23.00 1,824.70 1,824.70
$415,000.00 $415,000.00
$893 $640 $640 $385 $300 $300 $0
13.80 $12,323.40 22.00 $14,080.00 55.10 $35,264.00 108.20 $41,657.00 10.50 $3,150.00 12.50 $3,750.00 0.00 ($19,467.00) 222.10 $90,757.40 222.10 $90,757.40 2,046.80 $505,757.40 ($145,000.00)
SUMMARY OF EXPENSE BY TYPE PwC is not seeking reimbursement of any expenditures during the Fee Period.
PRICEWATERHOUSECOOPERS LLP’S FEE APPLICATION FOR COMPENSATION IN EXCESS OF ORDINARY COURSE PROFESSIONAL MONTHLY CAP2 FOR THE PERIOD NOVEMBER 1, 2016 THROUGH FEBRUARY 5, 2017 PricewaterhouseCoopers LLP ("PwC")3 hereby submits this PricewaterhouseCoopers LLP’s Fee Application for Compensation in Excess of Ordinary Court Professional Monthly Cap for the Period November 1, 2016 through February 5, 2017 (the "Application") for allowance and payment of amounts in excess of the ordinary course professional monthly cap for auditing and tax advising services performed during the period November 1, 2016 through February 5, 2017
(the "Fee Period"). In support of this Application, PwC respectfully represents as follows: Jurisdiction 1.
The Court has jurisdiction over this matter pursuant to 28 U.S.C.
§§ 1334(b) and 157, and the Amended Standing Order of Reference from the United States District Court for the District of Delaware dated as of February 29, 2012. This matter is a core proceeding pursuant to 28 U.S.C. § 157(b)(2) and, pursuant to Local Rule 9013–1(f), the Debtors consent to the entry of a final order by the Court in connection with this Application to the extent that it is later determined that the Court, absent consent of the parties, cannot enter final orders or judgments consistent with Article III of the United States Constitution. Venue is proper in this Court pursuant to 28 U.S.C. §§ 1408 and 1409. Background 2.
PwC was authorized under the Order Pursuant to 11 U.S.C. §§ 105(a),
327, 328, and 330 Authorizing Debtors to Employ Professionals Used in the Ordinary Course of Business (Docket No. 325) (the “OCP Order”) to provide audit and tax services to the Debtors nunc pro tunc to the Petition Date. See also Notice of Addition of List of Ordinary Course Professionals (Docket No. 444). Under the OCP Order, monthly fees for ordinary course professionals are capped at $45,000 per month on average over any three-month period on a rolling basis (the “Monthly Cap”), with any excess amounts requiring approval pursuant to the procedures set forth in the OCP Order. 3.
The Debtors’ cases have remained in chapter 11 longer than contemplated
at the outset of these cases. As a result, PwC’s role and fees have increased since the Petition Date. The Court approved the conversion of PwC’s role from OCP to Section 327 professional, 2
effective February 6, 2017. As set forth below, PwC provided services during the Fee Period that exceeded the OCP Cap. All services for which PwC requests compensation were performed for or on behalf of the Debtors. Relief Requested 4.
This Application requests the approval and payment in the amount of
$370,757.004 for services provided during the Fee Period and unpaid as an OCP professional. This Application has been prepared in accordance with the Bankruptcy Code, the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals, dated January 17, 2017 [Docket No. 95] (the "Interim Compensation Order"), and the United States Trustee Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330, effective May 17, 1996 (the "UST Guidelines," collectively with the Local Rules and the Interim Compensation Order, the "Compensation Guidelines"). 5.
The Interim Compensation Order establishes certain procedures that each
Retained Professional seeking interim allowance of its fees and expenses may file an application, which will include the relevant time entry and description and expense details, with the Court for interim allowance of compensation for services rendered and reimbursement of expenses incurred during the preceding month (the “Monthly Fee Application”). Each Retained professional shall serve a copy of such Monthly Fee Application on the Notice Parties. Each Notice Party will have until 4:00 p.m. (Prevailing Eastern Time) on the 20th day following the date the Monthly Fee Application is served (the “Objection Deadline”). Upon the expiration of
the Objection Deadline, a Retained Professional may file a certification of no objection (a “CNO”) with the Court with respect to any fees and expenses not subject to objection. After a Retained Professional files a CNO, the Debtors are authorized and directed to pay the Retained Professional 80% of the fees and 100% of the expenses requested in the applicable Monthly Fee Application that are not subject to an objection. 6.
Other than as provided in Section 504(b) of the Bankruptcy Code, PwC has
not shared, or agreed to share, any compensation received with respect to the Fee Period as a result of this case with any person, firm or entity.
No agreement or understanding concerning
compensation prohibited by 18 U.S.C. § 155 has been made to PwC by any firm, person or entity. The sole and exclusive source of compensation shall be funds of the Debtors' estates. 7.
This is PwC's First Fee Application. PwC submits this Application for (a)
approval and allowance of interim compensation equal to $370,757.00 for actual, reasonable and necessary professional services rendered, and reimbursement of one hundred percent (100%) of the $0.00 for actual, reasonable and necessary expenses incurred during the Fee Period for a total request of $370,757.00 (the “Total Compensation Amount”) and (b) payment of the eighty percent (80%) of the $370,757.00 for professional services rendered prior to the conversion to a Section 327 professional. 8.
PwC is filing the attached Application for compensation for professional
services rendered and reimbursement of expenses made in these chapter 11 cases during the Fee Period. The Application contains detailed time logs describing the actual and necessary services provided by PwC during the Fee Period, as well as other detailed information required to be included in fee applications. The Application is comprised of several exhibits which are attached hereto as follows: 4
Exhibit A, provides a summary of the hours and compensation by project;
Estimated "Fixed Fee" Services Exhibit B, provides the name and position of each professional, cumulative hours worked by each professional; Exhibit C, provides the daily time for each of the professionals within each of the work types or subcategories (tracked in half-hour (0.5) increments); Hourly and Case Administration Services Exhibit D, provides the summary of the hourly fees, including the name and position of each professional, cumulative hours worked by project, hourly billing rates for the hourly compensation, and the corresponding compensation requested; and Exhibit E, provides the daily activity descriptions for the hourly compensation, including the activity description, time and billing rates associated with each activity. Summary of Professional Services Rendered 9.
During the Fee Period, PwC provided auditing and tax advising services
pursuant to the Engagement Letters. A summary of the hours and compensation sought by type of service is shown below: Type of Services Fixed Fee Services Hourly Services Total - Hours and Compensation Sought for Reimbursement Less: Fees Allowed Under the OCP Retention Total – Hours and Compensation Sought for Reimbursement
Total Hours Compensation 1,824.70 $415,000.00 222.10 $90,757.40 2,046.80 $505,757.40 ($145,000.00) $370,757.00
Estimated “Fixed Fee” Services 10.
2016 Audit Services – PwC professionals tracked their daily hours,
annexed hereto as Exhibit B and Exhibit C. During the Fee Period, PwC professionals worked on the planning procedures, interim substantive and review procedures associated with the financial statement audit of the consolidated financial statements for the Debtors at December 31, 2016 and for the year then ending.
Hourly Fee Services 11.
Transfer Pricing Services - PwC tax professionals rendered tax
consulting services that included, but not limited to the following: (i) preparation of presentation and recommendations on the segregation of duties and functions among Paragon affiliates; (ii) assistance with the preparation of country-by-country report to satisfy regulatory requirements; (iii) identifying transfer pricing requirements under the Base Erosion and Profit Shifting Reports released by the Organization for Economic Cooperation and Development; (iv) assistance with the preparation of local country transfer pricing documentation reports to satisfy regulatory requirements; and (v) preparation of the Master File report to satisfy regulatory requirements. The hourly time records of PwC, annexed hereto as Exhibit D and Exhibit E, provide a summary and daily breakdown of the time spent by each PwC timekeeper for these hourly services. 12.
The fees sought by this Application reflect an aggregate of 2,046.80 hours
of professional time spent and recorded in performing services for the Debtors and their estates during the Fee Period at a blended average hourly rate of $157.36. PwC is only seeking compensation for services rendered to the Debtors and their estates in connection with these chapter 11 cases. Reasonable and Necessary Services Rendered by PwC 13.
This Application includes details of the services provided by PwC to the
Debtors, including, in each instance, the identity of the professionals involved in the provision of such services, the dates of service, the time expended, and a brief description of the services sought. PwC charged and now requests those fees that are reasonable and necessary in order for PwC to perform its duties and obligations to the Debtors and customary in this marketplace for similar chapter 11 cases. The billing rates set forth in the various summaries of professionals 6
and paraprofessionals rendering services during the Fee Period represent customary rates that are routinely billed to PwC's many clients for similar services. The compensation requested in this Application does not exceed the reasonable value of the services rendered. Requested Compensation Should be Allowed 14.
Section 331 of the Bankruptcy Code provides for interim compensation of
professionals and incorporates the substantive standards of Section 330 of the Bankruptcy Code to govern the Court's award of such compensation. 11 U.S.C. § 331. Section 330 provides that a Court may award a professional employed under Section 327 of the Bankruptcy Code "reasonable compensation for actual, necessary services rendered and reimbursement for actual, necessary expenses." 11 U.S.C. § 330(a)(1). Section 330 also sets forth the criteria for the award of such compensation and reimbursement: In determining the amount of reasonable compensation to be awarded, the court should consider the nature, extent, and the value of such services, taking into account all relevant factors, including -(a)
whether the services were necessary to the administration of, or beneficial at the time which the service was rendered toward the completion of, a case under this title;
with respect to a professional person, whether the person is board certified or otherwise has demonstrated skill and expertise in the bankruptcy field, and;
11 U.S.C. § 330. 7
Bankruptcy Code, it is respectfully submitted that the amount requested by PwC is fair and reasonable given (a) the complexity of the case, (b) the time expended, (c) the nature and extent of the services rendered, (d) the value of such services, and (e) the costs of comparable services other than in a case under the Bankruptcy Code. 16.
In rendering these services, PwC made every effort to maximize the
benefit to the Debtors and to work with other professionals employed in the case to avoid duplication of effort. PwC believes that the level of services rendered to achieve the results obtained for the benefit of the Debtors’ estates was reasonable in light of the number and complexity of the issues involved in this case at the time the services were rendered. PwC judiciously allocated responsibilities to minimize possible duplication of effort. Certificate of Compliance and Waiver 17.
To the best of its knowledge, PwC believes that this Application and the
description of services set forth herein of work performed are in compliance with the requirements as outlined within the Compensation Guidelines, as well as its Retention Order which granted a waiver of the information requirements relating to compensation requests set forth in Local Bankruptcy Rule 2016-2(d). To the extent that this Application does not comply in all respects with the requirements of the Compensation Guidelines, PwC believes that such deviations are not material and respectfully requests that such requirements be waived. Notice 18.
Notice of this Application has been provided to the Debtors and the Notice
Parties and PwC believes that no other or further notice need be provided.
PwC respectfully submits that the Total Compensation Amount requested
herein is reasonable compensation for the actual and necessary services rendered based upon the time, nature and value of such services. PwC further asserts that the costs of services rendered and expenses incurred are comparable to the cost of similar services and expenses in matters other than under the Bankruptcy Code and consistent with its Retention Application. 20.
In summary, by this Application, PwC requests interim approval of
compensation for fees and expenses in the total amount of $370,757.005 and payment of $296,605.60, representing 80% of the OCP excess fees incurred on behalf of the Debtors for reasonable and necessary professional services rendered by PwC; and (b) $0.00 for actual and necessary costs and expenses. WHEREFORE, PwC requests that is be allowed reimbursement for its fees and expenses incurred during the Fee Period and that such fees and expenses be paid as administrative expenses of the Debtors' estates. Dated: June 27, 2017 _____________________________________ Craig Friou, Partner PricewaterhouseCoopers LLP 1000 Louisiana St. St #5800 Houston, TX 77002 Auditors and Tax Advisors for Debtors
STATE OF TEXAS COUNTY OF HARRIS
Craig Friou, hereby respectfully certifies and verifies as follows: 1.
I am a Partner in the applicant firm, PricewaterhouseCoopers LLP ("PwC").
I have personally supervised many of the auditing and tax advising services
rendered by PwC to the Debtors and am familiar with all other work performed on behalf of the partners and professionals employed by PwC. 3.
The facts set forth in the foregoing Application are true and correct to the best of
my knowledge, information and belief. Moreover, I have reviewed Del. Bankr. LR 2016-2, and submit that the Application substantially complies with such Rule and Order.
_____________ _ Craig Friou, Partner PricewaterhouseCoopers LLP 1000 Louisiana St. St #5800 Houston, TX 77002 Auditors and Tax Advisors for Debtors
PARAGON OFFSHORE PLC, et al., Case 16-10386 (CSS) PricewaterhouseCoopers LLP – Auditors and Tax Advisors Hours and Compensation Submission For the Period November 1, 2016 through February 5, 2017 Enclosure: PricewaterhouseCoopers LLP invoice for professional fees rendered and expenses incurred Fees, $505,757.40 (represents the full amount of fees during Fee Period) Expenses, $0.00 Hours and Compensation: Summary by Project Category
Exhibits: A
Estimated "Fixed Fee" Service Summary of Hours by Project and Professional
Professional Services by Project, Professional and Date
Hourly and Case Administration Services Summary of Hours and Fees by Project and Professional
Doc 1708-1
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ---------------------------------------------------------------x In re : : PARAGON OFFSHORE PLC, et al., : : : 1 Debtors. : : ---------------------------------------------------------------x
Chapter 11 Case No. 16-10386 (CSS) Jointly Administered Obj. Deadline: July 17, 2017 at 4:00 p.m. (EDT)
NOTICE OF FEE APPLICATION PLEASE TAKE NOTICE that PricewaterhouseCoopers LLP (the “Applicant”) has today filed the attached Summary PricewaterhouseCoopers LLP’s Application for Compensation in Excess of Ordinary Course Professional Monthly Cap for the Period November 1, 2016 through February 5, 2017 (the “Application”) with the United States Bankruptcy Court for the District of Delaware, 824 North Market Street, Wilmington, Delaware 19801 (the “Bankruptcy Court”). PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application must be made in accordance with the Order Establishing Procedures for Interim Compensation
The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Paragon Offshore plc (in administration) (6017); Paragon Offshore Finance Company (6632); Paragon International Finance Company (8126); Paragon Offshore Holdings US Inc. (1960); Paragon Offshore Drilling LLC (4541); Paragon FDR Holdings Ltd. (4731); Paragon Duchess Ltd.; Paragon Offshore (Luxembourg) S.à r.l. (5897); PGN Offshore Drilling (Malaysia) Sdn. Bhd. (9238); Paragon Offshore (Labuan) Pte. Ltd. (3505); Paragon Holding SCS 2 Ltd. (4108); Paragon Asset Company Ltd. (2832); Paragon Holding SCS 1 Ltd. (4004); Paragon Offshore Leasing (Luxembourg) S.à r.l. (5936); Paragon Drilling Services 7 LLC (7882); Paragon Offshore Leasing (Switzerland) GmbH (0669); Paragon Offshore do Brasil Ltda.; Paragon Asset (ME) Ltd. (8362); Paragon Asset (UK) Ltd.; Paragon Offshore International Ltd. (6103); Paragon Offshore (North Sea) Ltd.; Paragon (Middle East) Limited (0667); Paragon Holding NCS 2 S.à r.l. (5447); Paragon Leonard Jones LLC (8826); Paragon Offshore (Nederland) B.V.; and Paragon Offshore Contracting GmbH (2832). The Debtors’ mailing address is 3151 Briarpark Drive, Suite 700, Houston, Texas 77042. Neville Barry Kahn and David Philip Soden, each of Deloitte LLP, are the joint administrators of Paragon Offshore plc (in administration) (the “U.K. Administrators”). The affairs, business and property of Paragon Offshore plc (in administration) are managed by the U.K. Administrators.
RLF1 17761315v.1
and Reimbursement of Expenses of Professionals [D.I. 230] (the “Interim Compensation Order”) and must be filed with the Clerk of the Bankruptcy Court and be served upon (i) the above-captioned debtors (the “Debtors”), Paragon Offshore plc (in administration), 3151 Briarpark Drive, Houston, Texas 77042, (Attn: Todd R. Strickler, Vice President, General Counsel and Corporate Secretary); (ii) counsel to the Debtors, Weil, Gotshal & Manges, LLP, 767 Fifth Avenue, New York, New York 10153, (Attn: Gary T. Holtzer, Esq. and Stephen A. Youngman, Esq.); (iii) Delaware co-counsel to the Debtors, Richards, Layton & Finger, P.A., 920 North King Street, One Rodney Square, Wilmington, DE 19801, (Attn: Mark D. Collins, Esq. and Amanda R. Steele, Esq.); (iv) the Office of The United States Trustee for the District of Delaware, 844 King Street, Suite 2207, Lockbox 35, Wilmington, DE 19801 (Attn: Benjamin Hackman, Esq.); (v) counsel to JPMorgan Chase Bank, N.A. (a) as administrative agent under the Senior Secured Revolving Credit Agreement, dated as of June 17, 2014, and (b) as collateral agent under the Guaranty and Collateral Agreement, dated as of July 18, 2014, Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017 (Attn: Sandeep Qusba, Esq. and Katherine McClendon, Esq.); (vi) counsel to Cortland Capital Market Services LLC, as administrative agent under the Senior Secured Term Loan Agreement, dated as of July 18, 2014, Freshfields Bruckhaus Deringer, 601 Lexington Avenue, 31st Floor, New York, New York 10022 (Attn: Mark F. Liscio, Esq. and Scott D. Talmadge, Esq.); (vii) counsel to the trustee under the Senior Notes Indenture, dated as of July 18, 2014, for the 6.75% Senior Notes due 2022 and the 7.25% Senior Notes due 2024, Morgan, Lewis & Bockius LLP, 101 Park Avenue, New York, New York 10178 (Attn: James O. Moore, Esq., Glenn E. Siegel, Esq. and Joshua Dorchak, Esq.); (viii) counsel to the Official Committee of Unsecured Creditors, Paul, Weiss, Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New York, New York 10019
2 RLF1 17761315v.1
(Attn: Andrew N. Rosenberg, Esq.) and (ix) co-counsel to the Official Committee of Unsecured Creditors, Young Conaway Stargatt & Taylor LLP, Rodney Square, 1000 North King Street, Wilmington, Delaware 19801 (Attn: Pauline K. Morgan) so as to be received by no later than July 17, 2017 at 4:00 p.m. (Eastern Daylight Time) (the “Objection Deadline”). PLEASE TAKE FURTHER NOTICE that if no objections to the Application are filed, served and received prior to the Objection Deadline, the Applicant may file a certification of no objection with the Bankruptcy Court, after which the Debtors shall be authorized by the Interim Compensation Order to pay the Applicant an amount equal to 80% of the fees and 100% of the expenses requested in its Application without the need for further order of the Bankruptcy Court.
3 RLF1 17761315v.1
PLEASE TAKE FURTHER NOTICE that if an objection to the Application is filed, served and received prior to the Objection Deadline, the Debtors shall be authorized by the Interim Compensation Order to pay the Applicant 80% of the fees and 100% of the expenses requested in the Application not subject to such objection without the need for further order of the Bankruptcy Court. Dated: June 27, 2017 Wilmington, Delaware /s/ Joseph C. Barsalona II RICHARDS, LAYTON & FINGER, P.A. Mark D. Collins (No. 2981) Paul N. Heath (No. 3704) Amanda R. Steele (No. 5530) Joseph C. Barsalona II (No. 6102) One Rodney Square 920 North King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Facsimile: (302) 651-7701 -andWEIL, GOTSHAL & MANGES LLP Gary T. Holtzer (admitted pro hac vice) Stephen A. Youngman (admitted pro hac vice) 767 Fifth Avenue New York, New York 10153 Telephone: (212) 310-8000 Facsimile: (212) 310-8007 Attorneys for the Debtors and Debtors in Possession
4 RLF1 17761315v.1
Doc 1708-2
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Summary by Project Category and Billing Category For the Period November 1, 2016 through February 5, 2017 Project Category and Billing Category
Page 1 of 1 Exhibit A
Total Compensation Hours
Hourly Services Tax Advisory Services Transfer Pricing Services Subtotal - Hours and Compensation - Hourly Services
Total - Hours and Compensation Sought for Reimbursement
$90,757.40 $90,757.40
$505,757.40
PwC seeks approval of the fees in excess of the $45,000 monthly OCP cap, $370,757.00
Page 1 of 1 Wednesday, June 14, 2017
Doc 1708-3
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Fixed Fee Services - Summary of Hours and Fees by Project and Professional For the Period November 1, 2016 through February 5, 2017 Project Category and Professional
Fixed Fee Services 2016 Consolidated Audit Hours and Payments Previously Requested
1,612.40 $1,410,000.00
Hours and Payments Requested during this Fee Period
$415,000.00 $450,000.00
Total - Hours and Fixed Fee Payment for Services
3,437.10 $2,275,000.00
2016 Consolidated Audit
Brett M Parrish
Craig P Friou
Douglas C Cogan
Aaron T Pocklington
Shawn Marie Magee
Ryan McKenny
Jacob Prentiss Wilson
Kelly A Stolyar
Anna Breslin Hoover
James Kehoe Lassen
Lurinda Claire Anderson
Rachel Elizabeth Deere
Antonela Lezcano
Page 1 of 2 Wednesday, June 14, 2017
Camila Mino
Caroline D Purcell
Cristina I Godoy
Erin Anne Murphy
Fabrizio Gelonese
Fernando Nicolás Manes
Kacy Machann
Maria F Wodniak
Melisa B Urbano
Pablo I Villegas
Sydney Erin Clark
Wilmer Portela
Zachary Sullivan Associate Subtotal - Hours and Compensation - 2016 Consolidated Audit Total - Hours and Compensation - Fixed Fee Services
23.00 1,824.70
Page 2 of 2 Wednesday, June 14, 2017
Doc 1708-4
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Fixed Fee Services - Professional Services by Project, Professional and Date For the Period November 1, 2016 through February 5, 2017 Date
2016 Consolidated Audit 11/1/2016
0217F001: Call with R McKenny (PwC) related to Q3 accounting matters.
0217F002: Rreview Q3 disclosures for impact due to change of bankruptcy status.
0217F003: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F004: Substantive Audit Procedures - Other.
0217F005: Tax Review - Q3.
0217F006: Tax Review - Q3.
0217F007: Quarters - Quarter 3.
0217F008: Tax Review - Q3.
0217F009: Quarters - Quarter 3.
0217F010: Tax Review - Q3.
0217F011: Review and Supervision - Manager Only.
0217F012: Controls testing.
0217F013: Substantive Audit Procedures.
Page 1 of 34 Wednesday, June 14, 2017
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Fixed Fee Services - Professional Services by Project, Professional and Date For the Period November 1, 2016 through February 5, 2017 Position
0217F014: Discussion with R McKenny, R Das and C Friou (PwC) relating to impact on Q3 10Q.
0217F015: Controls testing - Purchasing & Payables.
0217F016: Controls testing - Share-based Compensation Awards.
0217F017: Controls testing - Treasury - Cash & Investments.
0217F018: Substantive Audit Procedures - Other.
0217F019: Walk-through - Other.
0217F020: SDC - Test of Details - Revenue.
0217F021: Tax Review - Q3.
0217F022: Quarters - Quarter 3.
0217F023: Tax Review - Q3.
0217F024: Quarters - Quarter 3.
0217F025: Review accounting implications given the bankruptcy.
0217F026: Tax Review - Q3.
0217F027: Review and Supervision - Manager Only.
Page 2 of 34 Wednesday, June 14, 2017
0217F028: Substantive Audit Procedures.
0217F029: Quality Review Partner (QRP) Time.
0217F030: Quarters - Quarter 3.
0217F031: Controls testing - Other.
0217F032: Quarters - Quarter 3.
0217F033: Substantive Audit Procedures - Operating / Production Expense.
0217F034: Review and Supervision - Manager Only - Quarters.
0217F035: Tax Review - Q3.
0217F036: Quarters - Quarter 3.
0217F037: Review accounting implications given the bankruptcy.
0217F038: Tax Review - Q3.
0217F039: Review and Supervision - Manager Only.
0217F040: Controls testing.
0217F041: Substantive Audit Procedures.
Page 3 of 34 Wednesday, June 14, 2017
0217F042: Email exchange with R McKenny (PwC) on SEC filing matters.
0217F043: Review of SEC filing matters for PwC audit team.
0217F044: Controls testing - Payroll.
0217F045: Controls testing - Purchasing & Payables.
0217F046: Controls testing - Share-based Compensation Awards.
0217F047: Controls testing - Period-end Financial Reporting.
0217F048: Controls testing - Other.
0217F049: SDC - Test of Details - Revenue.
0217F050: Tax Review - Q3.
0217F051: Quarters - Quarter 3.
0217F052: Controls testing - Other.
0217F053: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F054: Substantive Audit Procedures - Operating / Production Expense.
0217F055: Review and Supervision - Manager Only - Quarters.
0217F056: Tax Review - Q3.
0217F057: Quarters - Quarter 3.
8.00 Page 4 of 34 Wednesday, June 14, 2017
0217F058: Review accounting implications given the bankruptcy.
0217F059: Controls testing.
0217F060: Email exchange with J Wilson and R McKenny (PwC) regarding accounting matters.
0217F061: Substantive Audit Procedures - Other Non-Current Assets.
0217F062: Substantive Audit Procedures - Other Non-Current Liabilities.
0217F063: Controls testing - Other.
0217F064: Substantive Audit Procedures - Interest Expense.
0217F065: Tax Review - Q3.
0217F066: Quarters - Quarter 3.
0217F067: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F068: Substantive Audit Procedures - Revenue.
0217F069: Substantive Audit Procedures - Operating / Production Expense.
0217F070: SDC - Test of Details - Revenue.
0217F071: Quarters - Quarter 3.
Page 5 of 34 Wednesday, June 14, 2017
0217F072: Tax Review - Q3.
0217F073: Review and Supervision - Manager Only.
0217F074: Controls testing.
0217F075: Substantive Audit Procedures - Pension / Benefits BS & IS.
0217F076: Substantive Audit Procedures - Stock-based Compensation.
0217F077: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F078: Substantive Audit Procedures - Other Non-operating Income / Expense.
0217F079: Substantive Audit Procedures - Other Non-Current Assets.
0217F080: Substantive Audit Procedures - Other Non-Current Liabilities.
0217F081: Quality Review Partner (QRP) Time.
0217F082: Substantive Audit Procedures - Other.
0217F083: SDC - Test of Details - Revenue.
0217F084: Review and Supervision - Manager Only.
0217F085: Quarters - Quarter 3.
0217F086: Controls testing - Revenue & Receivables.
0217F087: Substantive Audit Procedures - PP&E / Leases / Depreciation.
2.00 Page 6 of 34
0217F088: Substantive Audit Procedures - Operating / Production Expense.
0217F089: Tax Review - Q3.
0217F090: SDC - Test of Details - Revenue.
0217F091: Quarters - Quarter 3.
0217F092: Review and Supervision - Manager Only.
0217F093: Substantive Audit Procedures.
0217F094: Controls testing - Payroll.
0217F095: Controls testing - Financing.
0217F096: Controls testing - Benefits.
0217F097: Controls testing - Capital & Equity.
0217F098: Controls testing - Derivatives & Hedges.
0217F099: Controls testing - Entity-Level Controls.
0217F100: Tax Review - Review TBBS Support.
0217F101: Controls testing - Revenue & Receivables.
0217F102: Substantive Audit Procedures - Revenue.
0217F103: Substantive Audit Procedures - Other.
8.00 Page 7 of 34 Wednesday, June 14, 2017
0217F104: Tax Review - Review TBBS Support.
0217F105: Review and Supervision - Manager Only.
0217F106: Controls testing.
0217F107: Substantive Audit Procedures - Cash and Cash Equivalents.
0217F108: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F109: Substantive Audit Procedures - Other Non-Current Liabilities.
0217F110: Controls testing - Other.
0217F111: Substantive Audit Procedures - Other.
0217F112: Client Management - Partner Review - Quarters.
0217F113: Controls testing - Revenue & Receivables.
0217F114: Substantive Audit Procedures - Revenue.
0217F115: Substantive Audit Procedures - Other.
0217F116: Substantive Audit Procedures.
0217F117: Controls testing - Financing.
0217F118: Controls testing - Benefits.
0217F119: Controls testing - Capital & Equity.
2.00 Page 8 of 34 Wednesday, June 14, 2017
0217F120: Controls testing - Derivatives & Hedges.
0217F121: SDC - Test of Details - Revenue.
0217F122: Substantive Audit Procedures - Other.
0217F123: SDC - Test of Details - Revenue.
0217F124: Substantive Audit Procedures - Revenue.
0217F125: SDC - Test of Details - Revenue.
0217F126: Substantive Audit Procedures - Other.
0217F127: Controls testing.
0217F128: Substantive Audit Procedures.
0217F129: Substantive Audit Procedures - Stock-based Compensation.
0217F130: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F131: Substantive Audit Procedures - Prepaids & Other Current Assets.
0217F132: Controls testing - Entity-Level Controls.
0217F133: Controls testing - Other.
Page 9 of 34 Wednesday, June 14, 2017
0217F134: Substantive Audit Procedures - Other.
0217F135: SDC - Financial Statements.
0217F136: Tax Review - Review TBBS Support.
0217F137: Substantive Audit Procedures - Revenue.
0217F138: Substantive Audit Procedures - Other.
0217F139: SDC - Test of Details - Revenue.
0217F140: Tax Review - Review TBBS Support.
0217F141: Substantive Audit Procedures - Other.
0217F142: Substantive Audit Procedures.
0217F143: Substantive Audit Procedures - Cash and Cash Equivalents.
0217F144: Substantive Audit Procedures - Stock-based Compensation.
0217F145: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F146: Substantive Audit Procedures - Other.
0217F147: SDC - Financial Statements.
0217F148: Controls testing - Revenue & Receivables.
0217F149: Substantive Audit Procedures - Revenue.
2.00 Page 10 of 34 Wednesday, June 14, 2017
0217F150: Substantive Audit Procedures - Other.
0217F151: Review and Supervision - Manager Only.
0217F152: Controls testing.
0217F153: Client management - Client Relationship and Insight.
0217F154: Client management - Client Meetings.
0217F155: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F156: Substantive Audit Procedures - Other.
0217F157: SDC - Financial Statements.
0217F158: SDC - Test of Details - Revenue.
0217F159: Review and Supervision - Manager Only.
0217F160: Controls testing - Revenue & Receivables.
0217F161: Substantive Audit Procedures - Other.
0217F162: Review and Supervision - Manager Only - Quarters.
0217F163: Substantive Audit Procedures.
0217F164: Other Audit/Audit Related Activities - Core assurance Journal Entries.
Page 11 of 34 Wednesday, June 14, 2017
0217F165: SDC - Financial Statements.
0217F166: Controls testing - Other.
0217F167: Substantive Audit Procedures - Other.
0217F168: Tax Review - Review TBBS Support.
0217F169: SDC - Test of Details - Revenue.
0217F170: Review and Supervision - Manager Only.
0217F171: Substantive Audit Procedures - Revenue.
0217F172: SDC - Test of Details - Revenue.
0217F173: Substantive Audit Procedures - Other.
0217F174: Tax Review - Review TBBS Support.
0217F175: Substantive Audit Procedures.
0217F176: Controls testing - Property, Plant & Equipment.
0217F177: Controls testing - Payroll.
0217F178: Controls testing - Purchasing & Payables.
Page 12 of 34 Wednesday, June 14, 2017
0217F179: Controls testing - Other.
0217F180: Substantive Audit Procedures - Other.
0217F181: SDC - Test of Details - Revenue.
0217F182: Tax Review - Review TBBS Support.
0217F183: SDC - Test of Details - Revenue.
0217F184: SDC - Financial Statements.
0217F185: Review and Supervision - Manager Only.
0217F186: Controls testing - Revenue & Receivables.
0217F187: Substantive Audit Procedures - Revenue.
0217F188: Substantive Audit Procedures - Operating / Production Expense.
0217F189: Tax Review - Review TBBS Support.
0217F190: SDC - Test of Details - Revenue.
0217F191: SDC - Test of Details - Revenue.
0217F192: Tax Review - Review TBBS Support.
0217F193: Substantive Audit Procedures - Other.
Page 13 of 34 Wednesday, June 14, 2017
0217F194: Tax Review - Review TBBS Support.
0217F195: Controls testing.
0217F196: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F197: Substantive Audit Procedures - Other.
0217F198: SDC - Test of Details - Revenue.
0217F199: Review and Supervision - Manager Only.
0217F200: Controls testing - Revenue & Receivables.
0217F201: Controls testing - Other.
0217F202: Substantive Audit Procedures - Revenue.
0217F203: Substantive Audit Procedures - Other.
0217F204: SDC - Test of Details - Revenue.
0217F205: Substantive Audit Procedures - Other.
0217F206: Controls testing.
0217F207: Client management - Client Relationship and Insight.
0217F208: Client management - Client Meetings.
0217F209: Controls testing - Property, Plant & Equipment.
3.00 Page 14 of 34 Wednesday, June 14, 2017
0217F210: Controls testing - Payroll.
0217F211: Controls testing - Entity-Level Controls.
0217F212: Tax Review - Review TBBS Support.
0217F213: Review and Supervision - Manager Only.
0217F214: Substantive Audit Procedures - Revenue.
0217F215: Tax Review - Review TBBS Support.
0217F216: Tax Review - Review TBBS Support.
0217F217: Substantive Audit Procedures - Other.
0217F218: Controls testing.
0217F219: Controls testing - Entity-Level Controls.
0217F220: Tax Review - Review TBBS Support.
0217F221: Client management - Client Meetings.
0217F222: Controls testing - Property, Plant & Equipment.
0217F223: Controls testing - Purchasing & Payables.
0217F224: Controls testing - Treasury - Cash & Investments.
2.00 Page 15 of 34 Wednesday, June 14, 2017
0217F225: Substantive Audit Procedures - Other.
0217F226: Tax Review - Review TBBS Support.
0217F227: Tax Review - Review TBBS Support.
0217F228: Review and Supervision - Manager Only.
0217F229: Information Technology General Controls.
0217F230: Controls testing - Revenue & Receivables.
0217F231: Substantive Audit Procedures - Revenue.
0217F232: Information Technology General Controls.
0217F233: Controls testing.
0217F234: Client management - Client Meetings.
0217F235: Controls testing - Period-end Financial Reporting.
0217F236: Substantive Audit Procedures - Other.
0217F237: Tax Review - Review TBBS Support.
0217F238: Tax Review - Review TBBS Support.
Page 16 of 34 Wednesday, June 14, 2017
0217F239: Review and Supervision - Manager Only.
0217F240: Information Technology General Controls.
0217F241: Substantive Audit Procedures - Revenue.
0217F242: Information Technology General Controls.
0217F243: Tax Review - Review TBBS Support.
0217F244: Tax Review - Review TBBS Support.
0217F245: Review and Supervision - Manager Only.
0217F246: Controls testing.
0217F247: Controls testing - Period-end Financial Reporting.
0217F248: SDC - Test of Details - Revenue.
0217F249: Substantive Audit Procedures - Other.
0217F250: Tax Review - Review TBBS Support.
0217F251: SDC - Test of Details - Revenue.
0217F252: SDC - Test of Details - Revenue.
Page 17 of 34 Wednesday, June 14, 2017
0217F253: Review and Supervision - Manager Only.
0217F254: Information Technology General Controls.
0217F255: Substantive Audit Procedures - Revenue.
0217F256: Substantive Audit Procedures - Deferred and Unearned Revenue.
0217F257: Substantive Audit Procedures - Other.
0217F258: Information Technology General Controls.
0217F259: SDC - Test of Details - Revenue.
0217F260: Tax Review - Review TBBS Support.
0217F261: Substantive Audit Procedures - Other.
0217F262: Review and Supervision - Manager Only.
0217F263: Controls testing.
0217F264: Controls testing - Payroll.
0217F265: Controls testing - Purchasing & Payables.
0217F266: Controls testing - Treasury - Cash & Investments.
0217F267: SDC - Test of Details - Revenue.
0217F268: Substantive Audit Procedures - Other.
Page 18 of 34 Wednesday, June 14, 2017
0217F269: SDC - Test of Details - Revenue.
0217F270: Client Management - Partner Review - Quarters.
0217F271: Tax Review - Review TBBS Support.
0217F272: SDC - Test of Details - Revenue.
0217F273: Review and Supervision - Manager Only.
0217F274: Information Technology General Controls.
0217F275: Substantive Audit Procedures - Other.
0217F276: Information Technology General Controls.
0217F277: SDC - Test of Details - Revenue.
0217F278: Tax Review - Review TBBS Support.
0217F279: Controls testing.
0217F280: Controls testing.
0217F281: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F282: Controls testing - Other.
Page 19 of 34 Wednesday, June 14, 2017
0217F283: SDC - Test of Details - Revenue.
0217F284: Tax Review - Review TBBS Support.
0217F285: Review and Supervision - Manager Only.
0217F286: Information Technology General Controls.
0217F287: Controls testing - Revenue & Receivables.
0217F288: Substantive Audit Procedures - Revenue.
0217F289: Substantive Audit Procedures - Deferred and Unearned Revenue.
0217F290: Substantive Audit Procedures - Other.
0217F291: Information Technology General Controls.
0217F292: SDC - Test of Details - Revenue.
0217F293: Tax Review - Review TBBS Support.
0217F294: Tax Review - Review TBBS Support.
0217F295: Client management.
0217F296: Controls testing.
0217F297: Controls testing - Property, Plant & Equipment.
Page 20 of 34 Wednesday, June 14, 2017
0217F298: Controls testing - Purchasing & Payables.
0217F299: Controls testing - Period-end Financial Reporting.
0217F300: Controls testing - Treasury - Cash & Investments.
0217F301: Substantive Audit Procedures - Other.
0217F302: Client Management - Partner Review - Quarters.
0217F303: Tax Review - Review TBBS Support.
0217F304: Information Technology General Controls.
0217F305: Substantive Audit Procedures - Other.
0217F306: Review and Supervision - Manager Only.
0217F307: Engagement Management.
0217F308: Controls testing.
0217F309: Call with R McKenny, J Wilson, R Das (all PwC) regarding planning for year-end audit procedures on bankruptcy matters.
0217F310: Controls testing - Property, Plant & Equipment.
0217F311: Controls testing - Purchasing & Payables.
0217F312: Controls testing - Period-end Financial Reporting.
Page 21 of 34 Wednesday, June 14, 2017
0217F313: Substantive Audit Procedures - Other.
0217F314: Information Technology General Controls.
0217F315: Substantive Audit Procedures - Other.
0217F316: Review and Supervision - Manager Only.
0217F317: Controls testing.
0217F318: Preparing a summary of accounting items for audit team to incorporate into audit plan for year-end, plus email correspondence with audit team.
0217F319: Client management - Client Meetings.
0217F320: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F321: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F322: Substantive Audit Procedures - Other.
0217F323: Information Technology General Controls.
0217F324: Controls testing - Period-end Financial Reporting.
0217F325: Controls testing - Other.
0217F326: Substantive Audit Procedures - Other.
Page 22 of 34 Wednesday, June 14, 2017
0217F327: Controls testing.
0217F328: Controls testing.
0217F329: Controls testing - Property, Plant & Equipment.
0217F330: Controls testing - Purchasing & Payables.
0217F331: Controls testing - Period-end Financial Reporting.
0217F332: SDC - External Confirmations.
0217F333: Substantive Audit Procedures - Other.
0217F334: Tax Review - Review TBBS Support.
0217F335: Review and Supervision - Manager Only.
0217F336: Information Technology General Controls.
0217F337: Tax Review - Review TBBS Support.
0217F338: Controls testing - Revenue & Receivables.
0217F339: Controls testing - Period-end Financial Reporting.
0217F340: Substantive Audit Procedures - Other.
0217F341: SDC - External Confirmations.
Page 23 of 34 Wednesday, June 14, 2017
0217F342: Tax Review - Review TBBS Support.
0217F343: Controls testing.
0217F344: Controls testing.
0217F345: Controls testing - Property, Plant & Equipment.
0217F346: Controls testing - Period-end Financial Reporting.
0217F347: Substantive Audit Procedures - Other.
0217F348: Controls testing - Revenue & Receivables.
0217F349: Substantive Audit Procedures - Revenue.
0217F350: SDC - External Confirmations.
0217F351: Controls testing.
0217F352: SDC - External Confirmations.
0217F353: SDC - Test of Details - Revenue.
0217F354: SDC - External Confirmations.
0217F355: SDC - Test of Details - Revenue.
0217F356: Review and Supervision - Manager Only.
0217F357: SDC - Test of Details - Revenue.
0.50 Page 24 of 34 Wednesday, June 14, 2017
0217F358: SDC - Test of Details - Revenue.
0217F359: Review and Supervision - Manager Only.
0217F360: SDC - External Confirmations.
0217F361: SDC - Test of Details - Revenue.
0217F362: Review and Supervision - Manager Only.
0217F363: SDC - Test of Details - Revenue.
0217F364: SDC - Test of Details - Revenue.
0217F365: SDC - Test of Details - Revenue.
0217F366: Assurance - Other Testing.
0217F367: Substantive Audit Procedures - Other.
0217F368: Substantive Audit Procedures.
0217F369: Review and Supervision - Manager Only.
0217F370: Other Audit/Audit Related Activities.
0217F371: Assurance - Other Testing.
Page 25 of 34 Wednesday, June 14, 2017
0217F372: Substantive Audit Procedures - Other.
0217F373: Tax Review - Review TBBS Support.
0217F374: Client management - Client Meetings.
0217F375: Controls testing - Property, Plant & Equipment.
0217F376: Controls testing - Purchasing & Payables.
0217F377: Controls testing - Period-end Financial Reporting.
0217F378: Controls testing - Treasury - Cash & Investments.
0217F379: Controls testing - Benefits.
0217F380: Controls testing - Other.
0217F381: Information Technology General Controls.
0217F382: Other Audit/Audit Related Activities.
0217F383: SDC - External Confirmations.
0217F384: Substantive Audit Procedures - Other.
0217F385: Client management.
Page 26 of 34 Wednesday, June 14, 2017
0217F386: Controls testing.
0217F387: Information Technology General Controls.
0217F388: SDC - External Confirmations.
0217F389: Substantive Audit Procedures - Other.
0217F390: Engagement Management.
0217F391: Controls testing - Benefits.
0217F392: Review and Supervision - Manager Only.
0217F393: Information Technology General Controls.
0217F394: SDC - External Confirmations.
0217F395: Substantive Audit Procedures - Other.
0217F396: Controls testing.
0217F397: SDC - Risk Assurance - ERP & SOD Activities.
0217F398: Review and Supervision - Manager Only.
Page 27 of 34 Wednesday, June 14, 2017
0217F399: SDC - External Confirmations.
0217F400: Substantive Audit Procedures - Other.
0217F401: Controls testing.
0217F402: Engagement Management.
0217F403: Engagement Management.
0217F404: Controls testing.
0217F405: Controls testing.
0217F406: Substantive Audit Procedures - Pension / Benefits BS & IS.
0217F407: Substantive Audit Procedures - Stock-based Compensation.
0217F408: Substantive Audit Procedures - Other.
0217F409: Substantive Audit Procedures - Capital & Equity.
0217F410: Substantive Audit Procedures - Payroll Accrual / Expense.
0217F411: SDC - External Confirmations.
0217F412: SDC - External Confirmations.
Page 28 of 34 Wednesday, June 14, 2017
0217F413: Substantive Audit Procedures - Other.
0217F414: SDC - Financial Statements.
0217F415: Client Management - Partner Review - Quarters.
0217F416: SDC - Test of Details - Revenue.
0217F417: Information Technology General Controls.
0217F418: Review and Supervision - Manager Only.
0217F419: Tax Review - Year End Procedures.
0217F420: Controls testing - Revenue & Receivables.
0217F421: Controls testing - Other.
0217F422: Substantive Audit Procedures - PP&E / Leases / Depreciation.
0217F423: Substantive Audit Procedures - Revenue.
0217F424: Substantive Audit Procedures - Deferred and Unearned Revenue.
0217F425: Substantive Audit Procedures - Other.
0217F426: Substantive Audit Procedures - Notes Payable & Long-term Debt.
0217F427: Tax Review - Year End Procedures.
0217F428: SDC - External Confirmations.
Page 29 of 34 Wednesday, June 14, 2017
0217F429: Impairment Analysis - Specialists.
0217F430: Assurance - Other Testing.
0217F431: SDC - Test of Details - Revenue.
0217F432: International Tax - Review & Analysis.
0217F433: Substantive Audit Procedures - Other.
0217F434: Review and Supervision - Manager Only.
0217F435: Engagement Management.
0217F436: Substantive Audit Procedures.
0217F437: Other Audit/Audit Related Activities.
0217F438: Substantive Audit Procedures - Pension / Benefits BS & IS.
0217F439: Substantive Audit Procedures - Notes Payable & Long-term Debt.
0217F440: Substantive Audit Procedures - Other.
0217F441: SDC - Financial Statements.
0217F442: SDC - Test of Details - Revenue.
0217F443: SDC - Test of Details - Revenue.
Page 30 of 34 Wednesday, June 14, 2017
0217F444: Tax Review - Year End Procedures.
0217F445: SDC - Financial Statements.
0217F446: Controls testing - Revenue & Receivables.
0217F447: Controls testing - Period-end Financial Reporting.
0217F448: Controls testing - Treasury - Cash & Investments.
0217F449: Substantive Audit Procedures - Revenue.
0217F450: Substantive Audit Procedures - Deferred and Unearned Revenue.
0217F451: Substantive Audit Procedures - Accounts Receivable.
0217F452: SDC - External Confirmations.
0217F453: Impairment Analysis - Specialists.
0217F454: SDC - Financial Statements.
0217F455: Assurance - Other Testing.
0217F456: Substantive Audit Procedures - Other.
0217F457: Tax Review - Year End Procedures.
Page 31 of 34 Wednesday, June 14, 2017
0217F458: Review and Supervision - Manager Only.
0217F459: Engagement Management.
0217F460: Substantive Audit Procedures.
0217F461: SDC - Financial Statements.
0217F462: Other Audit/Audit Related Activities.
0217F463: Client management - Client Relationship and Insight.
0217F464: Client management - Client Meetings.
0217F465: Other Audit/Audit Related Activities - Core assurance Journal Entries.
0217F466: Substantive Audit Procedures - Other.
0217F467: SDC - Test of Details - Revenue.
0217F468: SDC - Test of Details - Revenue.
0217F469: Information Technology General Controls.
0217F470: Controls testing - Other.
0217F471: Substantive Audit Procedures - Revenue.
0217F472: Substantive Audit Procedures - Deferred and Unearned Revenue.
Page 32 of 34 Wednesday, June 14, 2017
0217F473: Impairment Analysis - Specialists.
0217F474: Assurance - Other Testing.
0217F475: Substantive Audit Procedures - Other.
0217F476: Review and Supervision - Manager Only.
0217F477: Substantive Audit Procedures.
0217F478: SDC - Financial Statements.
0217F479: Other Audit/Audit Related Activities.
0217F480: Substantive Audit Procedures - Other.
0217F481: Controls testing - Revenue & Receivables.
0217F482: Substantive Audit Procedures - Deferred and Unearned Revenue.
0217F483: Substantive Audit Procedures - Notes Payable & Long-term Debt.
0217F484: Planning - Develop Audit Approach.
0217F485: Substantive Audit Procedures.
0217F486: Tax Review - Year End Procedures.
Page 33 of 34 Wednesday, June 14, 2017
Total - Hours - 2016 Consolidated Audit Total - Hours - Fixed Fee Services
Page 34 of 34 Exhibit C
1,824.70 1,824.70
Page 34 of 34 Wednesday, June 14, 2017
Doc 1708-5
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 Exhibit D PricewaterhouseCoopers LLP - Auditor and Tax Advisor Hourly Services and Case Administration - Summary of Hours / Fees by Project and Professional For the Period November 1, 2016 through February 5, 2017 Total Project Category and Professional Position Rate Hours Compensation Hourly Services Transfer Pricing Services Nicolas L Raby
Louis Mitchel Lesser
0.00 222.10
($19,467.00) $90,757.40
Subtotal - Hours and Compensation - Hourly Services
$90,757.40
Total - Hours and Compensation - Hourly Services and Case Administration
PwC LLP Voluntary Fee Reduction Subtotal - Hours and Compensation - Tax Advisory Services
Doc 1708-6
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Hourly Services and Case Administration Services - Professional Services by Project, Professional and Date For the Period November 1, 2016 through February 5, 2017 Date
Tax Advisory Services Transfer Pricing Services 11/21/2016 Siqi Wang
0217H001: Conduct functional interviews with Paragon personnel and provide recommendations for playbook.
11/22/2016 Chetan Patel
0217H002: Discuss country-by-country report and approach and review regulatory guidance.
0217H003: Conduct functional interviews with Paragon personnel and provide recommendations for playbook.
11/22/2016 Siqi Wang
0217H004: Review client provided financial data for the preparation of country-by-country report.
11/22/2016 Nicolas L Raby
0217H005: Discuss country-by-country report and approach.
0217H006: Discuss country-by-country report and approach.
11/23/2016 Chetan Patel
0217H007: Conduct functional interviews with Paragon personnel and provide recommendations for playbook.
11/23/2016 Siqi Wang
0217H008: Review analysis file for legal entity mapping and activity mapping file for country-by-country report.
0217H009: Review client provided financial data for the preparation of country-by-country report.
11/28/2016 Bryant Hernandez
0217H010: Prepare analysis file for legal entity mapping and activity mapping file for country-by-country report.
11/28/2016 Chetan Patel
0217H011: Brainstorm approach and recommendations for playbook.
$1,920.00 Page 1 of 7
11/29/2016 Bryant Hernandez
0217H012: Prepare analysis file for legal entity mapping and activity mapping file for country-by-country report.
11/29/2016 Siqi Wang
0217H013: Conduct functional interviews with the following Paragon personnel: Scott Vaughn and Todd Strickler.
11/30/2016 Bryant Hernandez
0217H014: Revise analysis file for legal entity mapping and activity mapping file for country-by-country report.
11/30/2016 Siqi Wang
0217H015: Conduct functional interviews with the following Paragon personnel: Eelke Strikwerda, Jim Ruehlen, Rafael Andrade, Eric Bartz, and Sunil Pangarkar.
11/30/2016 PwC LLP
0217H016: Voluntary Reduction in Fees, November 2016.
($4,896.00)
0217H017: Conduct functional interviews with Paragon personnel and provide recommendations for playbook.
0217H018: Conduct functional interviews with the following Paragon personnel: Julie Ferro and Lonnie Williams.
0217H019: Prepare functional interview summary and draft playbook.
Nicolas L Raby
0217H020: Review analysis file for legal entity mapping and activity mapping file for country-by-country report.
0217H021: Prepare draft playbook.
0217H022: Review draft playbook.
0217H023: Prepare draft playbook.
0217H024: Review draft playbook.
$1,280.00 Page 2 of 7
PARAGON OFFSHORE PLC, et al., - Case No. 16-10386 PricewaterhouseCoopers LLP - Auditor and Tax Advisor Hourly Services and Case Administration Services - Professional Services by Project, Professional and Date For the Period November 1, 2016 through February 5, 2017 Description
0217H025: Discuss and review draft playbook approach and recommendations.
0217H026: Discuss and review draft playbook approach and recommendations.
0217H027: Prepare draft playbook.
0217H028: Prepare information request for master file.
0217H029: Prepare information request for master file.
0217H030: Discuss changes to draft playbook.
0217H031: Revise draft playbook.
0217H032: Review client provided financial data for the preparation of country-by-country report.
0217H033: Prepare master file outline.
0217H034: Prepare master file outline.
0217H035: Revise draft playbook.
0217H036: Review information request for Mexico local file report.
0217H037: Prepare master file outline.
0217H038: Discuss changes to draft playbook.
0217H039: Revise draft playbook.
$1,155.00 Page 3 of 7
0217H040: Review master file outline.
0217H041: Review client provided patent list data for the preparation of master file.
12/10/2016 Chetan Patel
0217H042: Review revised draft playbook.
12/11/2016 Chetan Patel
0217H043: Review revised draft playbook.
12/12/2016 Chetan Patel
0217H044: Review master file outline.
12/14/2016 Chetan Patel
0217H045: Discuss changes to draft playbook.
12/14/2016 Nicolas L Raby
0217H046: Review revised draft playbook.
0217H047: Discuss changes to draft playbook.
12/15/2016 Siqi Wang
0217H048: Review master file outline.
12/21/2016 Siqi Wang
0217H049: Revise draft playbook.
12/22/2016 Chetan Patel
0217H050: Review draft playbook.
12/31/2016 PwC LLP
0217H051: Voluntary Reduction in Fees, December 2016.
($4,818.00)
0217H052: Review analysis file for legal entity mapping and activity mapping file for country-by-country report.
0217H053: Review analysis file for legal entity mapping and activity mapping file for country-by-country report.
0217H054: Review client financial data for country-bycountry report.
0217H055: Prepare master file outline.
Page 4 of 7 Wednesday, June 14, 2017
0217H056: Prepare master file outline.
0217H057: Review client financial data for country-bycountry report.
0217H058: Revise analysis file for business activity mapping for country-by-country report.
0217H059: Review analysis file for legal entity mapping and activity mapping file for country-by-country report.
0217H060: Prepare master file outline.
0217H061: Review client provided information for the preparation of master file.
0217H062: Review master file outline.
0217H063: Review client provided financial data for constituent entity mapping.
0217H064: Prepare constituent entity mapping file.
0217H065: Prepare constituent entity mapping file.
0217H066: Prepare playbook and recommendations.
0217H067: Review constituent entity mapping for countryby-country report.
0217H068: Revise constituent entity mapping for countryby-country report.
0217H069: Review and discuss constituent entity mapping for country-by-country report.
Page 5 of 7 Wednesday, June 14, 2017
0217H070: Review and discuss constituent entity mapping for country-by-country report.
0217H071: Review Mexico local file report and draft master file.
0217H072: Attend client meeting to discuss master file and local file.
0217H073: Attend client meeting to discuss country-bycountry report.
0217H074: Review analysis and report for Mexico local file report.
0217H075: Revise analysis and report for Mexico local file report.
0217H076: Prepare playbook and recommendations.
0217H077: Review revised analysis and report for Mexico local file report.
0217H078: Review Mexico local file report and draft master file.
0217H079: Review playbook recommendations.
0217H080: Voluntary Reduction in Fees, January 2017.
0217H081: Voluntary Reduction in Fees, January 2017 Additional.
($8,033.00)
0217H082: Review analysis for Mexico local file report.
$1,786.00 Page 6 of 7
0217H083: Review constituent entity mapping for countryby-country report.
0217H084: Conduct functional analysis interviews supporting supply chain with Paragon personnel (Playbook).
0217H085: Conduct functional analysis interviews with the following Paragon personnel: Ryan Rabalais, Eric Bartz, and Sunil Pangarkar, and summarize discussions.
0217H086: Review playbook recommendations and implementation.
0217H087: Review playbook recommendations.
0217H088: Revise master file and Mexico local file reports.
0217H089: Revise constituent entity mapping for countryby-country report. Subtotal - Hours and Compensation - Transfer Pricing Services Subtotal - Hours and Compensation - Tax Advisory Services
Page 7 of 7 Wednesday, June 14, 2017
Report "17 Page 1 of 15 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE"