Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Desc: Main Document Page 1 of 23

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1 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Main Document Page 1 of 23 Hearing Date: December 20, 2017 at 9:30 a.m. (prevailing Atlantic Standard Time) Objection Deadline: December 6, 2017 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO In re: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of PROMESA Title III No. 17 BK 3283-LTS (Jointly Administered) THE COMMONWEALTH OF PUERTO RICO, et al. Debtors. 1 SUMMARY COVER TO THE FIRST INTERIM APPLICATION OF BENNAZAR, GARCÍA & MILIÁN, C.S.P. FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS THE OFFICIAL COMMITTEE OF RETIRED EMPLOYEES OF THE COMMONWEALTH OF PUERTO RICO FROM JUNE 16, 2017 THROUGH SEPTEMBER 30, 2017 Name of Applicant: Authorized to Provide Services To: Period for which compensation is sought: Bennazar, García & Milián, C.S.P. The Official Committee of Retired Employees of the Commonwealth of Puerto Rico June 16, 2017 through September 30, The Debtors in these jointly-administered PROMESA 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: (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 (Bankruptcy Case No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (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 (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); and (v) Puerto Rico Electric and Power Authority (Bankruptcy Case No. 17 BK 4780) (Last Four Digits of Federal Tax ID: 3747).

2 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 2 of 23 Main Monthly Fee Statements subject to the request: June-July 2017 August 2017 September 2017 Total compensation sought this period: $280, Total expenses sought this period: $7, Petition Date: May 3, 2017 Retention Date: June 16, 2017 Date of Order Approving Employment: August 10, 2017 Total compensation approved by interim order to date: Total expenses approved by interim order to date: Total compensation paid to date: Total expenses paid to date: Total compensation subject to objection: Total expenses subject to objection: None None None None None None Blended rate in this application for all attorneys: $ Blended rate in this application for all timekeepers: $ Number of Professionals Included in this Application: 5 Difference Between Fees Budgeted and Compensation Sought: N/A Number of Professionals Billing Fewer than 15 Hours to this Case: 1 Rates Higher than Those Disclosed at Retention: None Objection Deadline: December 13, The compensation requested on Bennazar s monthly fee statements totals $281, As detailed in the Application, Bennazar has voluntarily reduced its request by $1, to reflect two time entries in which timekeepers recorded non-working travel time at their full hourly rate. 2

3 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 3 of 23 Main Time Billed By Professonial Hourly Billing Rate Total Billed Hours Name of Professional Title Year Admitted Total Compensation A.J. Bennazar Zequeira Partner 1974 $ $103, Hector Mayol Kauffmann Partner 2010 $ $105, Francisco Del Castillo Associate 2001 $ $66, Eunice Candelaria Associate 2014 $ $6, Carlos R. Ramírez Isern Associate 2016 $ $ Totals: $ 281, Blended Rate: $ This total does not reflect Bennazar s voluntary reduction of $1, for non-working travel time. 3

4 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Main Document Page 4 of 23 Hearing Date: December 20, 2017 at 9:30 a.m. (prevailing Atlantic Standard Time) Objection Deadline: December 6, 2017 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO In re: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of PROMESA Title III No. 17 BK 3283-LTS (Jointly Administered) THE COMMONWEALTH OF PUERTO RICO, et al. Debtors. 4 FIRST INTERIM APPLICATION OF BENNAZAR, GARCÍA & MILIÁN FOR ALLOWANCE OF COMPENSATION AND REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS THE OFFICIAL COMMITTEE OF RETIRED EMPLOYEES OF THE COMMONWEALTH OF PUERTO RICO FROM JUNE 16, 2017 THROUGH SEPTEMBER 30, 2017 To the Honorable United States District Court Judge Laura Taylor Swain: Bennazar, García & Milián, C.S.P. ( Bennazar ), attorneys for The Official Committee of Retired Employees of the Commonwealth of Puerto Rico (the Retiree Committee ) in the above-captioned Title III cases ( Title III Cases ), hereby submits this first application ( Application ) for an award of interim compensation for professional services rendered in the 4 The Debtors in these jointly-administered PROMESA 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: (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 (Bankruptcy Case No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (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 (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); and (v) Puerto Rico Electric and Power Authority (Bankruptcy Case No. 17 BK 4780) (Last Four Digits of Federal Tax ID: 3747).

5 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 5 of 23 Main amount of $280,175.00, and reimbursement for actual and necessary expenses incurred in connection with such services in the amount of $7,957.24, for the period from June 16, 2017 through September 30, 2017 (the Interim Period ). Bennazar submits this Application pursuant to sections 316 and 317 of the Puerto Rico Oversight, Management, and Economic Stability Act ( PROMESA ), 5 48 U.S.C. 2176, 2177; sections 105(a) and 503(b) of the Bankruptcy Code, 6 11 U.S.C. 503(b); Rule 2016(a) of the Federal Rules of Bankruptcy Procedure (the Bankruptcy Rules ) 7 ; Rule of the Bankruptcy Rules for the United States Bankruptcy Court for the District of Puerto Rico (the Local Rules ) 8 ; the Court s Order Authorizing the Employment of Bennazar, García & Milián, C.S.P. as Attorneys for the Committee of Retired Employees ( Retention Order ) [Dkt. No. 1003]; the First Amended Order Setting Procedures for Interim Compensation and Reimbursement of Expenses of Professionals ( Interim Compensation Order ) [Dkt. No. 1715]; the United States Trustee s Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. 330 by Attorneys in Large Chapter 11 Cases Effective as of November 1, 2013 (the UST Guidelines ), 9 and the Fee Review- Timeline and Process Memorandum prepared by the Fee Examiner. In support of the Application, 5 PROMESA is codified at 48 U.S.C The Bankruptcy Code is codified at 11 U.S.C Unless otherwise noted, all Bankruptcy Code sections cited in the Application are made applicable to these Title III Cases pursuant to section 301(a) of PROMESA. 7 All Bankruptcy Rules referenced in this Application are made applicable to these Title III Cases pursuant to section 310 of PROMESA. 8 The Local Rules are made applicable here by the Court s Order (A) Imposing and Rendering Applicable Local Bankruptcy Rules to These Title III Cases, (B) Authorizing Establishment of Certain Notice, Case Management, and Administrative Procedures, and (C) Granting Related Relief [Dkt. No. 249]. 9 Pursuant to the Interim Compensation Order and Local Rule , the Retiree Committee is required to comply with the UST Guidelines. 5

6 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 6 of 23 Main Bennazar submits the Certification of A.J. Bennazar Zequeira (the Bennazar Certification ), attached hereto as Exhibit A, and respectfully represents as follows: Preliminary Statement 1. Bennazar has served as counsel to the Retiree Committee since June 16, The Retiree Committee represents approximately 160,000 retired employees of the Commonwealth and various governmental bodies and their surviving beneficiaries, including Puerto Rico s retired teachers, police officers, firefighters, judges, municipal clerks, engineers, and other government workers of all categories (the Retirees ). The Retirees pensions are underfunded by at least $49 billion. They are the largest group of creditors in these Title III Cases. 2. During the Interim Period, Bennazar performed a variety legal services that were necessary and appropriate for the efficient and economical resolution of the Retiree Committee s interests in the Title III Cases, including, among other things: meeting and conferring with the Retiree Committee; providing local counsel expertise; advising the Retiree Committee of its powers and duties; advising the Retiree Committee regarding proposed modifications of their pension, healthcare, and other accrued retirement benefits of Puerto Rico s public-employment retirees; representing the Retiree Committee at court hearings and mediation sessions involving matters pertaining to the benefits of the Retirees; preparing on behalf of the Retiree Committee motions, applications, orders, and other legal papers; advising the Retiree Committee with respect to bankruptcy, labor, employee benefits, and litigation issues concerning the Retirees benefits. 3. Bennazar s work during the Interim Period was necessary for, and beneficial to, the Retirees and served to ensure that the interests of the Retirees were properly represented and safeguarded in these Title III Cases. Bennazar respectfully requests that the Court award the fees and expenses requested in this Application. 6

7 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 7 of 23 Main Jurisdiction 4. The United States District Court for the District of Puerto Rico (the Court ) has subject matter jurisdiction over this matter pursuant to PROMESA section 306(a). 5. Venue is proper pursuant to PROMESA section 307(a). 6. Bennazar makes this Application pursuant to PROMESA sections 316 and 317, Bankruptcy Code sections 105(a) and 503(b), Bankruptcy Rule 2016, Local Rule , the Retention Order, the Interim Compensation Order, and the UST Guidelines. 10 Background 7. On May 3, 2017, the Commonwealth of Puerto Rico (the Commonwealth ), by and through the Financial Oversight and Management Board for Puerto Rico (the Oversight Board ), as the Commonwealth s representative pursuant to section 315(b) of PROMESA, filed a petition with the Court under title III of PROMESA. 8. On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation ( COFINA ), by and through the Oversight Board, as COFINA s representative pursuant to PROMESA section 315(b), filed a petition with the Court under title III of PROMESA. 9. On May 21, 2017, the Puerto Rico Highways and Transportation Authority ( HTA ), by and through the Oversight Board, as HTA s representative pursuant to PROMESA section 315(b), filed a petition with the Court under title III of PROMESA. 10 Bennazar has reviewed the Memorandum submitted by the Fee Examiner and is endeavoring to comply with all requirements of the Interim Order and the UST Guidelines. Bennazar s offices were completely destroyed by Hurricane Maria. It has worked diligently to compile the information contained in this Application. To the extent certain information directed by the Interim Order or Guidelines or requested by the Fee Examiner in his Memorandum is not included, Bennazar requests from this Court an exception under the circumstances. 7

8 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 8 of 23 Main 10. On May 21, 2017, the Employees Retirement System for the Commonwealth of Puerto Rico ( ERS ), by and through the Oversight Board, as ERS s representative pursuant to PROMESA section 315(b), filed a petition with the Court under title III of PROMESA. 11. On July 3, 2017, the Puerto Rico Electric Power Authority ( PREPA ), by and through the Oversight Board, as HTA s representative pursuant to PROMESA section 315(b), filed a petition with the Court under title III of PROMESA. 12. Through Orders of this Court, the Commonwealth, COFINA, HTA, ERS, and PREPA Title III Cases are jointly administered for procedural purposes only, pursuant to PROMESA section 304(g) and Bankruptcy Rule [See Dkt. Nos. 242, 537, 1417.] 13. On May 5, 2017, the Ad Hoc Committee for the Protection of Accrued Retirement Benefits of Puerto Rico s Public Employees and Retirees (the Ad Hoc Retiree Committee ) filed a motion seeking the appointment of an official committee of retired employees. [Dkt. No. 8.] On May 19, 2017, Guy G. Gebhardt, Acting United States Trustee for Region 21 (the U.S. Trustee ) filed a response in opposition to the Ad Hoc Retiree Committee s motion. [Dkt. No. 192.] 14. On June 15, 2017, U.S. Trustee, pursuant to section 1102(a)(1) of the Bankruptcy Code, appointed the Retiree Committee, consisting of the following nine individuals: Blanca Paniagua, Carmen Nunez, José Marin, Juan Ortiz, Lydia Pellot, Marcos A. Lopez, Miguel Fabre, Milagros Acevedo, and Rosario Pacheco. [Dkt. No. 340.] Bennazar s Retention and Fee Request 15. On June 16, 2017, the Retiree Committee elected to employ Bennazar to represent the Retiree Committee. 8

9 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 9 of 23 Main 16. On July 19, 2017, the Retiree Committee filed its Application for an Order Approving the Employment of Bennazar, García & Milián, C.S.P. [Dkt. No. 683] ( Retention Application ) pursuant to section 105(a) and 1103 of the Bankruptcy Code On August 10, 2017, the Court entered the Retention Order approving Bennazar s retention as counsel to the Retiree Committee, effective June 16, 2017, on the terms and conditions identified in the Retention Application. A copy of the Retention Order is attached hereto as Exhibit B. Pursuant to the Retention Order, Bennazar is entitled to compensation for reasonable, actual, and necessary professional services rendered and reimbursement of expenses incurred in connection with the Title III Cases. 18. Bennazar s fees are based upon hours charged, recorded in tenth of an hour increments, at Bennazar s ordinary and customary hourly rates in effect as of January 1 of the calendar year in which the services are rendered, plus reimbursement of actual, necessary out-ofpocket expenses and other charges incurred by Bennazar on behalf of the Retiree Committee. Bennazar adjusts its rates annually at the start of each calendar year. The rates set forth herein are Bennazar s 2017 rates, and are consistent with the rates charged to other clients, including outside of bankruptcy. 19. The cover sheet to this Application contains a schedule setting forth all Bennazar professionals and paraprofessionals who have performed services in the Title III Cases during the Interim Period, the capacity in which each individual is employed by Bennazar, the hourly billing rate charged for services performed by such individual, the aggregate number of hours expended 11 In a chapter 11 case, a committee appointed under section 1102 of the Bankruptcy Code ordinarily would seek authority to employ counsel pursuant to section 328. Because PROMESA does not incorporate section 328 of the Bankruptcy Code, the Retiree Committee moved for approval of its Retention Application pursuant to sections 105(a) and 1103(a). See PROMESA 301(a) (omitting Bankruptcy Code sections 327 and 328 from incorporation into PROMESA). 9

10 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 10 of 23 Main in this case and fees billed therefore, and the year in which each professional was first licensed to practice law. 20. By this Application, Bennazar seeks (i) allowance of compensation in the amount of $280,175.00; and (ii) reimbursement of expenses in the amount of $7, Bennazar has not received any payment for services performed or reimbursement for expenses incurred during the Interim Period. 21. This is Bennazar s first request for interim compensation in these Title III Cases. As set forth in the Bennazar Certification, all of the services for which interim compensation is sought herein were rendered for and on behalf of the Retiree Committee in connection with these chapter 11 cases. To the best of the Bennazar s knowledge and as disclosed in the Declaration Of A.J. Bennazar In Support Of Application of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Order Approving the Employment of Bennazar and Block LLP [Dkt. No. 683, Ex. A] (the Bennazar Declaration ), Bennazar is a disinterested person as defined in section 101(14) of the Bankruptcy Code, and except as otherwise specified in the Bennazar Declaration, Bennazar s partners, associates, and special attorneys do not hold or represent any interest adverse to the Retiree Committee. 22. Bennazar might have in the past represented, might currently represent, and likely in the future will represent parties in interest in this case in connection with matters unrelated to the Retiree Committee or the Title III Cases. In the Bennazar Declaration, Bennazar disclosed its connections to parties in interest in the Title III Cases that it has been able to ascertain using its reasonable efforts. Bennazar will update such disclosures, as appropriate, if Bennazar becomes aware of relevant and material new information. 10

11 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 11 of 23 Main 23. Bennazar performed the services for which it is seeking compensation on behalf of the Retiree Committee and not on behalf of any other committee, creditor, or other entity. 24. Bennazar has not received payment or promise of payment from any source other than the Retiree Committee for services provided or to be provided in any capacity whatsoever in connection with the Title III Cases. 25. Bennazar does not share fees with any attorneys except to the extent permitted by section 504 of the Bankruptcy Code. Fees and Expenses Incurred During Interim Period A. Customary Billing Disclosures 26. Bennazar s hourly rates are set at a level designed to compensate Bennazar fairly for the work of its attorneys and paraprofessionals and to cover fixed and routine expenses. The hourly rates and corresponding rate structure utilized by Bennazar in this cases are equivalent to the hourly rates and corresponding rate structure used by Bennazar for similar complex corporate, securities, litigation, and restructuring matters, whether in court or otherwise, regardless of whether a fee application is required. The rates and rate structure reflect that such complex matters typically are national in scope and typically involve great complexity, high stakes, and intense time pressures. 27. Exhibit C to this Application reflects the time entries of the five timekeepers who billed to this matter during the Interim Compensation period and for which Bennazar is seeking compensation. Exhibit C contains the detailed time entries, redacted where necessary to preserve privilege, work product, or confidentiality. The blended rate for all Bennazar attorneys (no nonattorneys billed during the Interim Compensation Period) is $

12 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 12 of 23 Main B. Fees Incurred During Interim Period 28. In the ordinary course of Bennazar s practice, Bennazar maintains records of the time spent on the professional services provided to the Retiree Committee. Below is a summary of fees incurred and hours worked during the Interim Period for which compensation is sought on an hourly basis in this Application: Time Billed By Professional Hourly Billing Rate Total Billed Hours Name of Professional Title Year Admitted Total Compensation A.J. Bennazar Zequeira Partner 1974 $ $103, Hector Mayol Kauffmann Partner 2010 $ $105, Francisco Del Castillo Associate 2001 $ $66, Eunice Candelaria Associate 2014 $ $6, Carlos R. Ramírez Isern Associate 2016 $ $ Totals: $ 281, C. Expenses Incurred During Interim Period 29. In the ordinary course of Bennazar s practice, Bennazar maintains a record of expenses incurred in rendering professional services to the Retiree Committee and for which reimbursement is sought. Exhibit D to this Application is a summary for the Interim Period of the total amount of expenses for which Bennazar seeks reimbursement with respect to each category of expenses. The out-of-pocket disbursement sum is broken down into categories of charges. 12 This total does not reflect Bennazar s voluntary reduction of $1, for non-working travel time. 12

13 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 13 of 23 Main Summary of Legal Services Provided During the Interim Period 30. During the Interim Period, Bennazar provided important professional services to the Retiree Committee in connection with the Title III Cases. Detailed descriptions of the specific services provided and the time expended performing such services are attached as Exhibit C, and a summary of the services Bennazar provided to the Retiree Committee during the Interim Period is set forth below. 31. Bennazar has established subject matters categories (each, a Matter Category ) for keeping time records of the work performed for the Retiree Committee. 13 The following is a summary, by Matter Category, of the professional services provided by Bennazar during the Interim Period. This summary is organized in accordance with Bennazar s internal system of matter numbers. Court Hearings 32. Bennazar s recorded time entries in this category reflect attendance and representation of the Retiree Committee at court hearings; preparation for court hearings; and review of pleadings and other submissions considered at or relevant to court hearings. Mediation 33. Bennazar s recorded time entries in this category reflect representation of the Retiree Committee in all aspects of the confidential mediation process. Due to the confidential nature of the mediation the time entries have been redacted. 13 Bennazar s time entries for June-August are not separated by matter. As a result of Hurricane Maria and the destruction it caused Bennazar s offices, Bennazar did not have the ability to revise its June-Augst invoices by matter. To the extent requested by the Court or the Fee Examiner, Bennazar will supplement its time entries with matter designations. 13

14 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 14 of 23 Main Committee Governance and Attendance at Meetings 34. Bennazar s recorded time entries in this category reflect assistance of the Retiree Committee in the proper performance of its duties; attending all of the meetings of the Retiree Committee; and assisting the Retiree Committee in preparing agendas and minutes for those meetings. Case Administration/Miscellaneous 35. Bennazar s recorded time entries in this category reflect (a) communication with Retiree Committee members about the status of the case; (b) preparation of pleadings and court submissions not attributable to another Matter Category; (c) negotiation with other parties in interest; (d) time spent conferring with counsel to other parties in interest and other constituents regarding the status of the case; (e) reviewing case developments and litigation activity; (f) internal meetings and communication not attributable to another Matter Category; (g) case and project management. Employment of Professionals/Fee Applications 36. Bennazar s recorded time entries in this category reflect (a) preparation of Bennazar s Retention Application and monthly fee statements; (b) review of potential conflicts of interest; (c) communication with the United States Trustee s office concerning appropriate compensation and retention procedures; and (d) assisting the Retiree Committee s advisors and actuaries with the preparation of their monthly statements. Pension Analysis 37. Bennazar s recorded time entries in this category reflect (a) review and analysis of retiree pension plans and proposed modifications to the Retiree Committee s constituents accrued benefits; (b) communication with other parties in interest, including the Oversight Board and Puerto Rico Fiscal Agency and Financial Advisory Authority; (c) review and analysis of pension 14

15 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 15 of 23 Main analysis prepared by the Retiree Committee s financial advisors and actuaries and third parties; and (d) communication Retiree Committee s financial advisors and actuaries regarding pension treatment. Healthcare and Other Postemployment Benefit Analysis 38. Bennazar s recorded time entries in this category reflect (a) review and analysis of healthcare and other postemployment benefits ( OPEB ) and proposed modifications to same; (b) review and analysis of OPEB analysis; and (c) communication Retiree Committee s financial advisors and actuaries regarding OPEB treatment. Contested Matters - GO/COFINA 39. Bennazar s recorded time entries in this category reflect (a) review and analysis of COFINA and general obligation ( GO ) bonds; (b) review and analysis of competing bondholder claims and court submissions; (c) review and analysis of Court orders re same; and (d) communication with the Retiree Committee and the Retirees Committee s advisors and actuaries regarding bondholders claims. ERS Bond Issues 40. Bennazar s recorded time entries in this category reflect (a) review and analysis of litigation challenging the legality and constitutionality of the Commonwealth s actions with respect to ERS; (b) review and analysis of the priority and secured status of ERS bond debt; (c) preparation of research memoranda regarding ERS bondholder claims; and (d) preparation of intervention motion and motion to dismiss in ERS bondholder adversary proceedings, Altair v. Commonwealth, Adv. Proc. Nos and Communications with Retirees 41. Bennazar s recorded time entries in this category reflect time spent engaging with Retirees and Bennazar s coordination with the Retiree Committee s Information Agent to develop 15

16 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 16 of 23 Main a Retiree Committee website; preparation of notices to retirees regarding protection of retirees claims and interests; and responding to questions raised by retirees. Travel Time 42. This time entry reflects non-productive travel time, including travel for court appearances, committee meetings, and mediation sessions. Pursuant to Local Rule (a), Bennazar is seeking compensation at one-half of its normal rate for time spent traveling in connection with its representation of the Retiree Committee. 43. Bennazar has voluntarily reduced its requested compensation by $1, to reflect two entries where timekeepers recorded travel time at their full hourly rate. July 8, 2017 ($937.50) and September 1, 2017 ($562.50). 44. For two additional entries, timekeepers reduced their hours recorded by 50% rather than the hourly rate: August 15, 2017 (2.5 hours travel from San Juan to New York City) and August 28, 2017 (4.0 hours for round-trip travel from San Juan to New York). This reduction results in a 50% reduction in compensable fees. 45. As summarized in Exhibit D and as set forth in detail in Exhibit E, Bennazar has incurred a total of $7, in expenses on behalf of the Retiree Committee during the Interim Period. These charges are intended to reimburse Bennazar s direct costs that are not included in Bennazar s hourly billing rates. Only clients who actually use services of the types set forth in Exhibit E of this Fee Application are separately charged for such services. COMPENSATION REQUESTED 46. The services for which Bennazar seeks compensation in this Application were, at the time provided, necessary for and beneficial to the Retiree Committee and his administration of the Retiree Committee. Bennazar performed these services economically, effectively, and 16

17 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 17 of 23 Main efficiently, and they benefited the Retiree Committee. Bennazar submits that the compensation requested is reasonable in light of the nature, extent, and value of such services to the Retiree Committee. Accordingly, Bennazar submits the compensation sought in this Application is warranted and should be approved. A. Compensation Under Sections 316 and 317 of PROMESA. 47. Section 317 of PROMESA authorizes interim compensation of professionals and incorporates the substantive standards of section 316 of PROMESA to govern the Court s award of interim compensation. Section 316 of PROMESA provides that a court may award a professional employed under section 1103 of the Bankruptcy Code reasonable compensation for actual, necessary services rendered, and reimbursement for actual, necessary expenses. 48 U.S.C. 2176(a)(1), (2). Section 316(c) sets forth the criteria for such an award: In determining the amount of reasonable compensation to be awarded to a professional person, the court shall consider the nature, the extent, and the value of such services, taking into account all relevant factors, including (1) the time spent on such services; (2) the rates charged for such services; (3) whether the services were necessary to the administration of, or beneficial at the time at which the service was rendered toward the completion of, a case under this chapter; (4) whether the services were performed within a reasonable amount of time commensurate with the complexity, importance, and nature of the problem, issue, or task addressed; (5) with respect to a professional person, whether the person is board certified or otherwise has demonstrated skill and experience in the restructuring field; and (6) whether the compensation is reasonable based on the customary compensation charged by comparably skilled practitioners in cases other than cases under this subchapter or Title

18 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 18 of 23 Main 48 U.S.C. 2176(c). 48. As analyzed below, Bennazar submits the elements governing awards of compensation under PROMESA justify the allowance requested. 1. The Time and Labor Required 49. During the Interim Period, Bennazar s partners and associates spent hours providing professional services to the Retiree Committee for which Bennazar seeks compensation on an hourly basis. Bennazar coordinated its efforts with co-counsel to prevent duplication of efforts and thereby not spend more time than required. Bennazar required this amount of time to conduct its investigation, research and analyze numerous, complex, novel issues arising from the Title III Cases, advise the Retiree Committee with respect to these issues, participate in resolution of these issues, and the other tasks described herein. 2. The Rates Charged for Such Services 50. During the Interim Period, Bennazar s hourly billing rates ranged from $ to $ for associates and were $ for partners. Based on the recorded hours expended by Bennazar s attorneys and paraprofessionals, the average hourly billing rate for Bennazar s services $ Bennazar s hourly rates are set at a level designed to compensate Bennazar fairly for the work of its attorneys and paraprofessionals and to cover certain fixed and routine overhead expenses. Hourly rates vary with the experience and seniority of the individuals assigned. These hourly rates are subject to periodic adjustments to reflect economic and other conditions and are consistent with the rates charged elsewhere. 52. The hourly rates and corresponding rate structure that Bennazar charges in these cases are equivalent to or less than the hourly rates and corresponding rate structure that Bennazar 18

19 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 19 of 23 Main charges for similar complex corporate, securities, litigation, and restructuring matters, whether in court or otherwise, regardless of whether a fee application is required. 3. The Necessity of the Services and the Benefit to the Estate 53. As described herein, the services rendered by Bennazar were necessary for the efficient and economical resolution of the Retiree Committee s interests in the Title III Cases. All of those services directly benefitted the Retiree Committee. 4. The Reasonableness of the Time Spent, Based on the Complexity, Importance, Nature of the Issues 54. Bennazar s work involved the representation of the Title III Cases largest creditor constituency Puerto Rico s 160,000 retired teachers, police officers, firefighters, judges, municipal clerks, engineers, and other government workers of all categories and Bennazar s professional services during the Interim Period were necessary to ensure that the interests of the Retirees were re properly represented and safeguarded and that all matters relevant to the Retiree Committee were handled in an appropriate manner. The compensation requested is reasonable in light of those services. 5. The Experience, Reputation, and Ability of the Attorneys Providing Services 55. Bennazar attorneys have achieved a high degree of expertise and positive reputations in their respective fields. Bennazar s attorneys have extensive experience, knowledge and resources in the areas of civil, commercial and administrative law, including, specifically, those related to Puerto Rico s Retirement Systems enabling acts, civil litigation, as well as arbitration and mediation procedures. 6. Customary Compensation 56. The work for which Bennazar seeks compensation in this Application is of the type and nature for which Bennazar customarily would seek compensation at the rates identified in this 19

20 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 20 of 23 Main Application. In addition, the compensation Bennazar seeks in this Application is comparable to the compensation it would have sought for comparable work outside of a chapter 11 case. 57. Bennazar submits that the compensation requested is reasonable under all the factors considered under sections 316 and 317 of PROMESA and that the factors justify the allowance in full of Bennazar s compensation and reimbursement request. 58. In view of the foregoing, Bennazar respectfully requests that it be allowed interim compensation in the amount of $280, for services rendered during the Interim Period. B. Reasonable and Necessary Expenses Incurred in Providing Services to the Retiree Committee. 59. For the Interim Period, Bennazar requests reimbursement of $7, for reasonable and necessary costs and expenses incurred on behalf of the Retiree Committee. 60. Bennazar s normal billing rates do not take these costs and expenses into consideration. Rather, Bennazar bills each cost and expense to the applicable client. Because of the disparity between the different clients requirements for expenses such as travel, computerassisted research, teleconference services, postage, courier and messenger services, and photocopying, it is difficult to charge costs and expenses fairly and equitably by including them in Bennazar s ordinary billing rates. Accordingly, Bennazar generally charges each client for such costs and expenses separately, in each case, at Bennazar s costs. 61. Bennazar does not include the amortization of the cost of any investment, equipment, or capital outlay in its charges for these services. 62. Any services billed by a third-party vendor, with the exception of certain computerassisted research charges, are charged to the Retiree Committee in the amount billed to and paid by Bennazar. Like many large law firms, Bennazar has negotiated a special arrangement with computerized research companies under which Bennazar pays a flat rate monthly fee for 20

21 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 21 of 23 Main computerized research services. Consistent with its general policy of billing out-of-pocket expenses only to clients for which the use of such services is required, Bennazar separately charges each client for computer-assisted research. To account for such charges while passing through Bennazar s cost savings resulting from its special arrangements, Bennazar charges those clients for which such services are required at a reduced rate that is less than the rate charged by the computerized research companies to the general public for such services. These charges are intended to cover Bennazar s direct costs for computerized research. 63. Pursuant to Local Rule (b)(7), Bennazar seeks reimbursement for air travel limited to the amount spent on coach fare. 64. Bennazar has made reasonable efforts to minimize its costs and expenses in connection with its representation of the Retiree Committee. Each of the costs and expenses Bennazar has incurred in providing professional services to the Retiree Committee was necessary, reasonable, and justified under the circumstances to serve the needs of the Retiree Committee. STATEMENT BY BENNAZAR UNDER C(5) OF THE UST GUIDELINES 65. This engagement does not involve variations from Bennazar s standard and customary billing rates. 66. None of the professionals included in this Application varied their hourly rate based on the geographic location of the Title III Cases. 67. The Application does not include time or fees related to reviewing or revising time records or preparing, reviewing, or revising invoices. 68. The Application does not include time or fees for reviewing time records to redact any privileged or other confidential information. 21

22 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 22 of 23 Main 69. The hourly rates specified in the Retention Application were effective January 1, 2017, and have not increased since that time. Bennazar s engagement letter with the Retiree Committee provides that Bennazar s scheduled hourly rates are periodically adjusted, generally at the beginning of a calendar year. RESERVATION OF RIGHTS AND NOTICE 70. It is possible that some professional time expended or expenses incurred during the Interim Period are not reflected in the Application. Bennazar reserves the right to include such amounts in future fee applications. 71. Pursuant to the Interim Compensation Order, the Retiree Committee has provided notice of this Application to: (a) the U.S. Trustee; (b) counsel to the Oversight Board; (c) counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority; (d) counsel to the Official Committee of Unsecured Creditors; (e) the Fee Examiner; and (f) all parties that have filed a notice of appearance with the Clerk of this Court, pursuant to Bankruptcy Rule 2002 and applicable provisions of the Local Rules, and requested such notice. NO PRIOR REQUEST 72. No prior application for the relief requested by this Application has been made to this or any other court. WHEREFORE, Bennazar respectfully requests that the Court enter an order: (a) awarding Bennazar compensation for professional and paraprofessional services provided during the Interim Period in the amount of $280,175.00; (b) reimbursement of actual, reasonable and necessary expenses incurred in the Interim Period in the amount of $7,952.24; (c) granting such other relief as is appropriate under the circumstances. 22

23 Case: LTS Doc#:1806 Filed:11/15/17 Entered:11/15/17 21:06:01 Document Page 23 of 23 Main Respectfully submitted, Dated: November 15, 2017 BENNAZAR, GARCÍA & MILIÁN, C.S.P. By: /s/ A.J. Bennazar-Zequeira A.J. Bennazar-Zequeira Edificio Union Plaza PH-A piso 18 Avenida Ponce de León #416 Hato Rey, San Juan Puerto Rico (telephone) (facsimile) Counsel for The Official Committee of Retired Employees of Puerto Rico 23

24 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit A - Certification of A.J. Bennazar-Zequeira Page 1 of 4 EXHIBIT A CERTIFICATION OF A.J. BENNAZAR-ZEQUEIRA

25 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit A - Certification of A.J. Bennazar-Zequeira Page 2 of 4 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO In re: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of PROMESA Title III No. 17 BK 3283-LTS (Jointly Administered) THE COMMONWEALTH OF PUERTO RICO, et al. Debtors. 1 VERIFIED CERTIFICATION OF A.J. BENNAZAR-ZEQUEIRA IN SUPPORT OF THE FIRST APPLICATION OF BENNAZAR, GARCÍA & MILIÁN, C.S.P. FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS TO THE OFFICIAL COMMITTEE OF RETIRED EMPLOYEES OF THE COMMONWEALTH OF PUERTO RICO FROM JUNE 16, 2017 THROUGH SEPTEMBER 30, 2017 I, A.J. Bennazar-Zequeira, have the responsibility for ensuring that the First Application of Bennazar, García & Milián, C.S.P. for Allowance of Compensation for Services Rendered and Reimbursement of Expenses Incurred As Attorneys to The Official Committee of Retired Employees of the Commonwealth of Puerto Rico From June 16, 2017 through September 30, The Debtors in these jointly-administered PROMESA 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: (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 (Bankruptcy Case No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (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 (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); and (v) Puerto Rico Electric and Power Authority (Bankruptcy Case No. 17 BK 4780) (Last Four Digits of Federal Tax ID: 3747).

26 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit A - Certification of A.J. Bennazar-Zequeira Page 3 of 4 (the Application ) complies with applicable provisions of PROMESA, the Bankruptcy Rules, the Local Rules, the Retention Order, the Interim Compensation Order, and the UST Guidelines. 2 I hereby certify the following: 1. I am a partner in the firm of Bennazar, García & Milián, C.S.P. ( Bennazar ), and have been duly admitted to practice law in the Commonwealth of Puerto Rico. 2. I am the lead attorney from Bennazar representing the Retiree Committee in connection with the above-captioned Title III Cases. I am authorized to submit this certification in support of the Application. Except as otherwise noted, I have personal knowledge of the matters set forth herein. 3. I have read the Application. The statements contained in the Application are true and correct according to the best of my knowledge, information, and belief. 4. To the best of my knowledge, information, and belief, formed after reasonable inquiry, the fees and disbursements sought in the Application are permissible under PROMESA, the Bankruptcy Rules, the Local Rules, orders of this Court, and the UST Guidelines The fees and disbursements sought in the Application are billed at rates Bennazar employs and other Bennazar clients accept in matters of this nature. 2 All capitalized terms have the meaning provided in the Application unless otherwise defined herein. 3 Bennazar has reviewed the Memorandum submitted by the Fee Examiner and is endeavoring to comply with all requirements of the Interim Order and the UST Guidelines. Bennazar s offices were completely destroyed by Hurricane Maria. It has worked diligently to compile the information contained in this Application. To the extent certain information directed by the Interim Order or Guidelines or requested by the Fee Examiner in his Memorandum is not included, Bennazar requests from this Court an exception under the circumstances. 2

27 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit A - Certification of A.J. Bennazar-Zequeira Page 4 of 4 6. None of the professionals seeking compensation varied their hourly rate based on their geographic location. 7. Bennazar is not seeking compensation for this Interim Period for time spent reviewing or revising time records or preparing, reviewing, or revising invoices. 8. Bennazar does not make a profit on costs or expenses for which it seeks reimbursement, whether the service is performed by Bennazar in-house or through a third party. 9. In accordance with Rule 2016(a) of the Bankruptcy Rules and 11 U.S.C. 504, no agreement or understanding exists between Bennazar and any other person for the sharing of compensation to be received in connection with the above cases except as authorized by PROMESA, the Bankruptcy Rules, and the Local Rules. 10. All services for which Bennazar seeks compensation were professional services rendered to the Retiree Committee and not on behalf of any other person. I certify under penalty of perjury that the foregoing is true and correct to the best of my knowledge, information, and belief formed after reasonable inquiry. Executed on November 15, 2017 /s/ A.J. Bennazar-Zequeira A.J. Bennazar-Zequeira 3

28 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit B - Retention Order Page 1 of 4 EXHIBIT B RETENTION ORDER

29 Case: LTS Doc#:1003 Doc#: Filed:08/10/17 Filed:11/15/17 Entered:08/10/17 Entered:11/15/17 17:14:59 21:06:01 Main Exhibit B Document - Retention Page Order 1 Page of 3 2 of 4 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO In re: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of PROMESA Title III No. 17 BK 3283-LTS (Jointly Administered) THE COMMONWEALTH OF PUERTO RICO, et al. Debtors. 1 ORDER AUTHORIZING THE EMPLOYMENT OF BENNAZAR, GARCIA & MILIAN, CSP AS ATTORNEYS FOR THE COMMITTEE OF RETIRED EMPLOYEES Upon the Application filed by the Committee of Retired Employees of Puerto Rico (the Retiree Committee ) in these Title III Cases for entry of an order to employ the law firm of Bennazar, García & Milián, CSP ( BGM, CSP ) as attorneys for the Retiree Committee effective as of June 16, 2017, pursuant to sections 105(a) and 1103(a) of Title 11 of the United States Code (the Bankruptcy Code ), made applicable to these cases pursuant to Section 301(a) of the Puerto Rico Oversight, Management, and Economic Stability Act ( PROMESA ), 48 U.S.C. 2161(a); 2 1 The Debtors in these PROMESA 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 LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (Bankruptcy Case No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (Bankruptcy Case No. 17 BK 3567-LTS) (Last Four Digits of Federal Tax ID: 3808); and (iv) Employees Retirement System of the Government of the Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686). 2 PROMESA is codified at 48 U.S.C Unless otherwise noted, all Bankruptcy Code sections cited in this Application are made applicable to these Title III Cases by Section 301(a) of PROMESA BENNAZAR RETENTION ORDER VERSION AUGUST 10,

30 Case: LTS Doc#:1003 Doc#: Filed:08/10/17 Filed:11/15/17 Entered:08/10/17 Entered:11/15/17 17:14:59 21:06:01 Main Exhibit B Document - Retention Page Order 2 Page of 3 3 of 4 and upon the Declaration of A. J. Bennazar Zequeira in Support of the Application (the Bennazar Declaration ); and the Court finding that (a) the Court has subject matter jurisdiction over this matter pursuant to PROMESA section 306(a); (b) BGM, CSP does not hold or represent any interest materially adverse to the Retiree Committee with respect to matters for which BGM, CSP is to be retained; and (c) the Retiree Committee s retention of BGM, CSP is in the best interest of the Retiree Committee; and the Court finding that notice of the Application given by the Retiree Committee was sufficient under the circumstances and that no other or further notice is necessary; and the Court being fully advised in the premises and having determined that the legal and factual bases set forth in the Application, the Bennazar Declaration establish just cause for the relief herein granted; it is hereby: ORDERED, ADJUDGED AND DECREED THAT: 1. The Application is GRANTED, as set forth herein. 2. The Retiree Committee is authorized, pursuant to section 1103(a) of the Bankruptcy Code to employ BGM, CSP as its counsel in these Title III Cases in accordance with the terms and conditions set forth in the Application effective as of June 16, BGM, CSP shall be entitled to allowance and payment of compensation for professional services rendered and reimbursement of expenses incurred in connection with these Title III Cases as an administrative priority expense under section 503(b) of the Bankruptcy Code pursuant to any procedures established and required by PROMESA, this Court, and the United States Trustee. 4. The Retiree Committee is authorized and empowered to take all actions necessary to implement the relief granted in this Order. 5. The terms and conditions of this Order shall be immediately effective and BENNAZAR RETENTION ORDER VERSION AUGUST 7,

31 Case: LTS Doc#:1003 Doc#: Filed:08/10/17 Filed:11/15/17 Entered:08/10/17 Entered:11/15/17 17:14:59 21:06:01 Main Exhibit B Document - Retention Page Order 3 Page of 3 4 of 4 enforceable upon its entry. 6. This Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this order. 7. This order resolves docket entry no SO ORDERED. Dated: August 10, 2017 /s/ Laura Taylor Swain LAURA TAYLOR SWAIN United States District Judge BENNAZAR RETENTION ORDER VERSION AUGUST 7,

32 Exhibit C- Detailed Time Records Page 1 of 112 EXHIBIT C DETAILED TIME RECORDS FOR BENNAZAR, GARCIA & MILlAN, C.S.P.

33 Exhibit C- Detailed Time Records Page 2 of 112 BEN NAZAR, GARCIA & MILIAN, C.S.P. APARTADO POSTAL NUM. 212 SAN JUAN, PUERTO RICO Tetefono: (787) Fax: (787) maureen.quevedo@bennazar.org bgm.csp@bennazar.org Num. S.S OFFICIAL COMMITTEE OF RETIRED EMPLOYEES P/C JOSE MARIN, CHAIRPERSON August 15, 2017 Invoice # RE: COMMONWEALTH OF PUERTO RICO CASE NUMBER 17-BK (D.P.R.) FOR PROFESSIONAL SERVICES RENDERED THROUGH JULY 31,2017 HOURS AMOUNT COMMONWEALTH OF PUERTO RICO T5-3357I 6/15/2017 AJB Several conferences with HMK and exchange of notes with R. Gordon on orders issued in the case on appointment of a mediation Committee by Judge Swain and the appointment of the Official Retiree Committee by the US Trustee. Follow up on organizing first meeting of the Committee for tomorrow. 6/16/2017 AJB Exchange of correspondence and T/C with attorney R. Gordon of Jenner & Block, H. Mayol and official Retiree Committee members re: meeting today. Attended meeting of the official Retiree Committee. HMK Attended meeting of the Official Retiree Committee; Reviewed and revised engagement documents. 6/19/2017 AJB Further correspondence and exchange of notes with attorneys C. Steege and M. Root of Jenner & Block on draft by-laws for the official Retiree Committee; discussed same with H. Mayol and E. Candelaria. Preparation for meeting tomorrow. Received and examined several motions and court orders entered in the case today. 6/20/2017 ECD Compilation of documents to be discussed at meeting of the Official Committee of Retired employees of the Commonwealth of Puerto Rico (The Committee). Review draft of proposed rules of debate and bylaws of the committee. Attendance at meeting of the committee. HMK Meeting with retired Judge Fabre; attended meeting of the Committee. Approval of minutes, by laws and engagement letters , , , , , ,250.00

34 Exhibit C- Detailed Time Records Page 3 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 2 HOURS AMOUNT 6/20/2017 AJB Meeting with Retiree Judge Miguel Fabre, president of the PR Retired Judges Association and member of the Official Retiree Committee. In the afternoon, attended meeting of the Official Retiree Committee. 6/21/2017 AJB Exchange of correspondence with members of the Official Retiree Committee, H. Mayol, M. Root, C. Steege and Eunice Candelaria on engagement follow up; review minutes of yesterday's meeting and follow up to set up next meeting of the Official Retiree Committee. 6/22/2017 ECD Preparation of the minutes of the meeting held on Update bylaws with the amendments approved during the meeting. Inclusion of amendments in a final document. Reviewed final text. AJB Correspondence with C. Steege, M. Root, R. Gordon, H. Mayol and Sgt. Jose Marin, president of the Official Committee of Retirees; received and examined proposed minutes of last meeting and proposed agenda for next. Filing of pro-hac-vice requests for M. Root, C. Steege and R. Levine of Jenner & Block. Worked on informative motion re: R. Gordon's representation of Official Retiree Committee. 6/23/2017 ECD Translation into English of the following: minutes of the meeting held on ; bylaws with the amendments; letter to be sent to the members of the committee and agenda of the meeting scheduled for Conference call with C. Steege and M. Root re: various issues related to the meeting scheduled for T/C with M. Acevedo (secretary of the committee) re: the agenda and documents to be distributed for the meeting scheduled for AJB Worked on draft informative motion regarding R. Gordon's severance of professional relation with MPP and his representation of the Official Retiree Committee. Exchange of correspondence with M. Root and R. Gordon. Preparation for meeting of the Official Retiree Committee next Tuesday, June 27. Docket follow up and review of all court notices. 6/24/2017 AJB Continued preparation for meeting of the Official Retiree Committee that will be held next Tuesday and the appearances of counsel at the court hearing scheduled for next Wednesday, June 28. 6/26/2017 ECD Work on Spanish translation of the following document: official committee of retired employees of the Commonwealth of Puerto Rico talking points; memorandum to C. Steege re: translated document. AJB Received and examined motions prior to the hearing set for Wednesday June 28. Exchange of memoranda and T/C with R. Gordon, M. Root, C. Steege, H. Mayol and E. Candelaria in preparation for meeting with official Retiree Committee (ORC) set for tomorrow. Follow up on filing of PHV motions. 6/27/2017 ECD Attendance at meeting of the committee. Update the bylaws with the amendments approved during the meeting in a final document , , , , , ,

35 i Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 4 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 3 HOURS AMOUNT 6/27/2017 HMK Meeting with co-counsel team to prepare plan of work for the Committee meeting and various presentations , HMK Attended meeting of ORC to select Actuary and Financial Advisor , FDC Meeting with R. Gordon, C. Steege, R. Levin and M. Root from Jenner & Block re: preparation for meeting with the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of presentation by FTI Capital Advisors to the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of proposed internal rules of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of presentation by Phoenix Management to the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of presentation by Zolfo Cooper to the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of presentation by Segal (actuarial firm) to the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. 6/28/2017 HMK Attending 2nd Omnibus Hearing at the Puerto Rico Federal District Court. FDC Research of motions filed and ruling in the case of VOYA INSTITUTIONAL TRUST COMPANY vs. UPR, Civil No (FAB). 6/29/2017 ECD Conference call with Jenner & Block LLP attorneys team and H. Mayol re: discussion of case strategy. Later, another conference call with Jenner & Block LLP attorneys team and H. Mayol re: continuation of further discussion of case strategy , HMK Conference call with Jenner & Block team. Later, another conference call re: case strategy FDC Review of Presentation titled: In re: The Financial Oversight and Management Board for Puerto Rico as representative of The Employees Retirement System of the Government of the Commonwealth of Puerto Rico /30/2017 ECD Translation into English of the following: bylaw with amendments, cover letter of the to be sent to the members of the committee and the agenda of the meeting to be held scheduled for Several electronic communications with C. Steege and M. Root re: various issues related to the meeting of T/C with M. Acevedo (secretary of the committee) re: logistics of the preparations of the agenda and minutes of the meetings. HMK Attending Fiscal Board meeting in San Juan. Conference with FA and Actuary ,125.00

36 Exhibit C- Detailed Time Records Page 5 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 4 HOURS AMOUNT 6/30/2017, FDC Legal research of Clawback provisions taken by the Commonwealth of Puerto Rico during the last and current administration FDC Read memorandum from M. Root regarding the next meeting of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of proposed agenda for the July 6, 2017 meeting of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. 7/3/2017 FDC Review and legal research of multiple acts and executive orders regarding the clawback of funds for the Commonwealth of Puerto Rico. Draft of memorandum regarding clawback provisions , AJB Received and examined notices of filings and orders issued in the case, following last Wednesday's court hearing. Note to HMK /5/2017 FDC Read note from M. Root to schedule a conference call with representatives of Segal and Jenner & Block FDC Conference Call with S. Wohl, M. Root, K. Nicholl and C. Steege regarding the Employee Retirement System of Puerto Rico FDC Received note from C. Steege, re: Additional Follow-up question about cases of the Supreme Court of Puerto Rico regarding pension benefits. FDC Research on the most recent financial reports available from the Commonwealth of Puerto Rico. HMK Review of documents in preparation of Official Committee meeting on , Including Cofina GO'controversy and Clawback questions re: our intervention in the case AJB Received and examined exchange of correspondence with Jenner & Block (Gordon, Root, Steege) on upcoming meeting of the Official Committee of Retirees. Conference with H. Mayol and E. Candelaria. Received, reviewed and examined memorandum by attorney F. Del Castillo on the "Clawback" provisions of P.R. Law and ensuing exchange of memoranda with R. Gordon, M. Root and H. Mayol /6/2017 ECD Spanish translation of the following document: Cofina protocol stipulation and electronic communication to M. Root re: same; conference call with J. Marin, discussion of the agenda and documents to be presented during the meeting. Preparation for meeting, compilation and organization of documents to be discussed at the meeting scheduled for today and revision of the minutes of the meeting held on Attendance at meeting of the committee , FDC Memo to S. Wohl, M. Root, K. Nicholl and C. Steege with a copy of the Commonwealth of Puerto Rico Financial Information and Operating Data Report for December 18,

37 Exhibit C- Detailed Time Records Page 6 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 5 HOURS AMOUNT 7/6/2017 FDC Legal Research about the most recent retirement cases decided by the Supreme Court of Puerto Rico. Correspondence to C. Steege and M. Root about the most recent retirement cases decided by the Supreme Court of Puerto Rico. FDC Meeting with H. Mayol in preparation for meeting with the Official Committee of Retired Employees of the Commonwealth of Puerto Rico *. FDC Attended meeting of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Review of "Perfil del Pensionado del Gobierno de Puerto Rico, segtin estudios realizados por la Comision Especial Permanente sobre los Sistemas de Retiro ( )", re: Profile of retirees. HMK Conference call with Committee Chair J. Marin and Co-counsel team to review Chair's agenda for the meeting. HMK Meeting with FDC re: aspects of the PR Treasury Circular letter to be discussed at the Committee meeting. Meeting with ECD to review meeting handouts and documents. Attended meeting of the Committee and directed the discussion including translation of discussion topics. Travel San Juan to New York to attend Proskauer meeting. AJB Received and examined correspondence from Jenner & Block (M. Root) with draft retention application and R. Gordon declaration. Discussed with H. Mayol. Received and examined PR Government Retiree profile issued by the PR Permanent Commission on retirement systems (CEPSR by its Spanish Acronym) Received and examined executed by-laws of the Official Retiree Committee. Conference with F. del Castillo. Attended meeting of the Official Retiree Committee here at our offices. Post meeting, conference with F. Del Castillo and E. Candelaria , , , /7/2017 HMK In NYC, met with Proskauer, Jenner and FTI. Interview with candidate for Public Relations consultant to the Committee , AJB Exchange of correspondence with Chair and Secretary of official Retiree Committee over the minutes of yesterday's meeting, the by laws and the agenda for the next meeting. Conference with F. Del Castillo on services to be provided to Official Retiree Committee. Exchange of notes with M. Root and R. Gordon /8/2017 HMK Travel New York to San Juan , /10/2017 FDC Review of Motion Requesting Appointment of Additional Committee of Government Employees and Active Pension Plan Participants Or, in the Alternative, for the Reconstitution of the Retiree Committee filled by the University of Puerto Rico Retirement Trust, July 10, FDC Received and examined memo from H. Mayol to R. Levin regarding the Motion Requesting Appointment of Additional Committee by UPR Trust

38 Exhibit C- Detailed Time Records Page 7 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 6 HOURS AMOUNT 7/10/2017 FDC Received note from R. Levin to H. Mayol regarding a Motion Requesting Appointment of Additional Committee filed by UPR T rust. AJB Further exchange of correspondence regarding minutes of last meeting and agenda for next meeting of the official Retiree Committee. Received and examined summary of ECF Activity in the Title III cases. Further conference with F. Del Castillo. Received and examined motion filed by the UPR Retirement System Trust seeking to re-configure official Retiree Committee. Discussed with F. Del Castillo. Exchange of notes with Jenner& Block. 7/11/2017 FDC Note to R. Levin, HMK, B. Gordon, C. Steege and M. Root regarding Motion Requesting Appointment of Additional Committee by UPR. HMK Conference call on response to UPR objections to Committee composition. AJB Received and examined motion filed by official Committee of unsecured creditors; received and examined correspondence from R. Gordon, R. Levin and M. Root (Jenner & Block) on retention of actuaries and financial advisors. Conference with H. Mayol re: same. Follow up on agenda for next meeting of Retiree Committee. 7/12/2017 FDC Read from C. Steege regarding Motion Requesting Appointment of Additional Committee by UPR. Read from HMK regarding Motion Requesting Appointment of Additional Committee by UPR. Read from C. Steege regarding Motion Requesting Appointment of Additional Committee by UPR. Read from B. Gordon regarding Motion Requesting Appointment of Additional Committee by UPR. Read from R. Levin to HMK regarding the Motion Requesting Appointment of Additional Committee by UPR. Read from B. Gordon regarding Motion Requesting Appointment of Additional Committee by UPR. Read from B. Gordon regarding Motion Requesting Appointment of Additional Committee by UPR. AJB Received and examined notices issued by the Clerk of the USDC via the ECF System. Exchange of memoranda with R. Gordon, M. Root (Jenner & Block) and H. Mayol on agenda for next meeting of the official Retiree Committee. 7/13/2017 FDC Read from R. Levin regarding the attendance at July 12 meeting. HMK Attend meeting with Movimiento Pro Pensionados. Conference call with R. Gordon to interview public relations firms , , AJB Reviewed and follow up on motions filed and orders issued as per notice produced by the Clerk of the Court through the ECF System. Exchange of correspondence with R. Levin, R. Gordon, C. Steege and H. Mayol on motion filed by UPR Retirement SystemTrust /14/2017 ECD T/C with J. Marin (Chairman of the Retiree Committee) re: discussion of the agenda of the meeting. T/C with M. Root re: discussion of additional topics to be included in the

39 Exhibit C- Detailed Time Records Page 8 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 7 HOURS AMOUNT agenda of the meeting. Prepare final draft agenda for the meeting. Electronic communication with M. Root, J. Marin and H. Mayol re: copy of the final draft prepared agenda. 7/14/2017 FDC Read from K. Nicholl (Segal) regarding the attendance at July 12 meeting HMK Review agenda and minutes in preparation of July 18 Committee meeting with Jose Marin and E. Candelaria. Internal status conference AJB, H. Mayol and Jenner & Block team AJB Exchange of correspondence with Sgt. J. Marin and later with C. Steege, E. Candelaria and M. Root on agenda for the next meeting of the Retiree Committee. Reviewed motions filed and orders issued as notified through the ECF System. Follow up E. Candelaria on minutes of prior meeting /16/2017 HMK Reviewed and commented on GO-COFINA Stipulation. 7/17/2017 FDC Read from R. Levin regarding the Attendance at July 12 meeting. HMK Conference call with Jenner & Block team and follow up with AJB on agenda items for Committee Meeting. T/C with R Gordon on Agenda for Committee meeting. Conference call with Chair Marin on agenda items re: Mediation topics. AJB In the afternoon, participated in conference among counsel with R. Levin, C. Steege, R. Gordon, M. Root, H. Mayol, F. Del Castillo in anticipation and preparation for tomorrow's meeting of the Official Retiree Committee. Also exchange of correspondence with R. Levin, M. Root on talking points for the Committee , AJB Exchange of correspondence with R. Levin and H. Mayol on draft Exchange of correspondence with C. Steege and R. Gordon on the COFINA proposed stipulation. Discussed with H. Mayol. Reviewed and revised draft minutes of prior meeting and proposed agenda for tomorrow's meeting of the Official Retiree Committee. Exchange of memoranda with Sgt. J. Marin, president of the Official Retiree Committee , /18/2017 FDC Review of documents to be included and presented to the Official Committee of Retired Employees of the Commonwealth of Puerto Rico. FDC Meeting with the Official Committee of Retired Employees of the Commonwealth of Puerto Rico , HMK Translate R. Gordon's memorandum to the Committee. Preparation for Committee meeting, including preparation of talking points, minutes and member data packages. Attended scheduled meeting of the Committee. AJB Exchange of final texts of proposed talking points, minutes of last meeting and agenda for Today's meeting. Final preparation for, and attendance at meeting of the Official Retiree Committee. Post meeting conference with H. Mayol and F. Del Castillo , ,325.00

40 Exhibit C- Detailed Time Records Page 9 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 8 HOURS AMOUNT 7/19/2017 FDC Review of document (draft) re: stipulation and agreed order approving procedure to resolve Commonwealth-Cofina Dispute, Case No. 17 BK3283-LTS. FDC Called Carlos Ramos from Employees Retirement System requesting to include a message from the Official Committee of Retired Employees of the Commonwealth of Puerto Rico in the payment slip that is sent by the System to retirees every 3 months. FDC Conference Call with B. Gordon, R. Levin, C. Steege and M. Root from Jenner & Block and H. Mayol, A. J. Bennazar re: follow Up of Committee, Intervention in several proceedings, Mediation and other issues. FDC Research of laws pertaining to the retirement systems of the Commonwealth of Puerto Rico. FDC Review of 2015 Audited Financial Statements of the Retirement System of the University of Puerto Rico. HMK Review of pending items from Committee meeting. Prepared talking points and obtained final contracts from financial advisor and actuary. Retiree Committee Professionals Conference call with Jenner, FTI and AJB re: mediation strategies. 7/20/2017 FDC Research of laws pertaining to the retirement systems of the Commonwealth of Puerto Rico. HMK Adding language to motion regarding , AJB Exchange of correspondence with M. Root on retention documents; worked on our draft motion in compliance with court order regarding prior representation of Ad Hoc Committee; Conference with H. Mayol on Official Retiree Committee's request to interview other prospective PR services. AJB Worked on retention documents. Post meeting clean-up; Reviewed motions filed and orders issued as notified by the clerk of the court via the ECF system. Reviewed translation into Spanish of the Official Committee's talking points prepared by Jenner & Block as modified during yesterday's conference. Exchange of correspondence with M. Root on draft motion to comply with court order. 7/21/2017 HMK Conference call with Marchand, ICS, R. Gordon and E. Candelaria. Discuss conflict issues and fee structure. Conference call with J. Marin and R. Gordon regarding professional contracts , , AJB Completed motion in compliance with court order and filed same (682); correspondence with M. Root on retention papers; conference with H. Mayol re: same. Approved final text of notice of hearing, application, exhibits and proposed order (683) and filed same. Follow up with E. Candelaria on minutes of last meeting of the Official Committee of Retirees. Reviewed motions filed and orders issued. 7/22/2017 HMK Review and draft amendments to ,

41 Exhibit C- Detailed Time Records Page 10 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 9 HOURS AMOUNT 7/23/2017 HMK Discuss with Chair J. Marin to consider his concerns /24/2017 FDC Draft of memorandum Review of , with comments to Read from B. Gordon and document B. Gordon Read 2nd from Read 3rd from B. Gordon FDC Read from B. Gordon Read 5th from B. Gordon Levin Read from R. Read from C. Steege Draft of to answer Read from C. Steege Read from C. Steege to answer C. Steege. Draft of HMK Conference call with C. Steege, M. Root and Chair Marin. Consider comments !! AJB Reviewed motions filed and orders entered as reported by the clerk of the court through the ECF System on Saturday 22 and today; In the afternoon, participated in conference with H Mayol, F. Del Castillo, M. Root, C. Steege, R. Gordon and R. Levin. 7/25/2017 FDC Call with R. Gordon and HMK re: several issues about the Official Committee were discussed. FDC Review of memorandum. Review and corrections of minutes of the July 18, 2017 meeting of the Official Committee of Retirees. Meeting with H. Mayol regarding several ,900.00

42 Exhibit C- Detailed Time Records Page 11 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 10 HOURS AMOUNT issues about the case; PayGo System Circular Letter, Dr. Marcos Lbpez (member of the Committee) legal claim against the University of Puerto Rico. Review and translation from Spanish to English of the minutes of the July 18, 2017 meeting of the Official Committee of Retirees. Translation from English to Spanish of the memorandum regarding retirement laws and cases. Preparation of minutes from last Committee meeting of July 18, 7/25/2017 HMK3.50 1, AJB Received and examined memorandum Correspondence with Mathew Hindman on signature logistics.. 7/26/2017 FDC Meeting with HMK regarding administrative issues for the next meeting of the Official Committee of Retirees. Continued translation from English to Spanish of the memorandum regarding retirement laws and cases. Conference call with B. Gordon, C. Steege, M. Root, R. Levin, M. Bluming, HMK and S. Levine. Revision and modification of translation from English to Spanish of , HMK Prepare and send latest version of minutes to Committee Secretary include comments and new language suggested by M. Root, Review records and notes of meeting agenda and minutes. Discussion with AFSCME on strategy for the ERS-POB litigation. JennerTeam, S Levine, M. Blummin AJB Received and examined several motions and proposed orders filed by debtors (705, 716, 717, 718, 719, 720); follow up on motions filed and orders issued as per notices of the clerk via the ECF system. Meeting with H. Mayoi and F. Del Castillo re; upcoming meeting of official Committee Retirees, items for agenda, pending matters. Conference with A. Rodriguez on taking of minutes for next meeting , /27/2017 FDC Read and attachments from R. Levin regarding - Legislature to consider measures to include pension, GDB restructuring in special sessions. HMK Review with FDC motion to object UPR Trust and Meditation Statement AJB Met with H. Mayoi and F. Del Castillo in anticipation of meeting of the Official Committee of Retirees scheduled for next week. Reviewed notices of motions filed and orders issued as per the ECF system. Follow up on filing of signature page of /28/2017 FDC Read and attachments from R. Levin regarding Legislature to consider measures to include pension, GDB restructuring in special sessions. Read from HMK regarding R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read 2nd from HMK regarding R, Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read 3rd from HMK regarding R. Levin about Legislature to consider measures to include pension, GDB

43 Exhibit C- Detailed Time Records Page 12 of 112 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 11 HOURS AMOUNT restructuring in special sessions. Draft of to R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read 2nd R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read from B. Gordon regarding R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. 7/28/2017 FDC Review of Press Conference of Ramon Rosario (representative of the Governor of Puerto Rico) regarding the pending legislation to implement the PayGo System. Review of presentation accompanied by Ramdn Rosario during the Press Conference regarding the pending legislation to implement the PayGo System. Draft of regarding R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Evaluation of minutes, agenda and documents to be presented during the August 1st, 2017 meeting of the Official Committee of Retirees. Draft of to the members of the Official Committee of Retirees with the minutes, agenda and documents to be presented during the August 1st, 2017 meeting. Review of Official Committee of Retired Employees Objection to Motion Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule Read and comments from B. Gordon to Official Committee of Retired Employees Objection to Motion Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule FDC Read from M. Root regarding the changes proposed by B. Gordon to Official Committee of Retired Employees Objection to Motion Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule Read 2nd from B. Gordon regarding R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read from R. Levin regarding the changes proposed by B. Gordon to Official Committee of Retired Employees Objection to Motion Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule 2004.Read from J. Marin about a correction to the agenda of the August 1st, 2017 meeting. HMK Analyze pension reform bill to be considered by the PR legislature. Discuss possible positions of the Committee. Conference call with FDC. Review of US Trustees motion and Committee motion to object discovery procedures by the UCC. Memos by FDC and Jenner group. AJB Conference with F. Del Castillo re: meeting of the Official Retiree Committee scheduled for next week. Follow up on minutes of last meeting. Reviewed notice of motions filed and orders issued produced by the clerk of the court via the ECF system. Met with M. Quevedo to review and discuss debtors' proposed order on compensation of professionals retained by Official Committees. 7/30/2017 HMK Review of latest case motions and documents to be presented to Committee meeting on s with Jenner group. 7/31/2017 FDC Draft of to the members of the Official Committee of Retirees and B. Gordon, R. Levin, M. Root and C. Steege with the minutes, agenda and documents to be presented during the August 1st, 2017 meeting. Read from C. Steege regarding including in the mailings the attorneys from AFSCME. Review of , , ,

44 Exhibit C- Detailed Time Records Page 13 of 112 ; OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 12 ' * HOURS AMOUNT House Bill 1163, or the Law to Guarantee the Payment of Our Pensioners and Establish a New Plan of Defined Contributions for Public Servants. Read 3rd R. Levin about Legislature to consider measures to include pension, GDB restructuring in special sessions. Read and attachment from C. Steege about obtaining the Pension Reform bill in English. 7/31/2017 FDC Read from HMK answering C. Steege about obtaining the Pension Reform bill in English. Read and attachments from R. Levin about obtaining the Pension Reform bill in English. Read from R. Levin regarding Read e-maii from B. Gordon regarding Review of the Official Committee of Retired Employees objection to Motion requesting Appointment of Additional Committee of Government Employees and Active Pension Plan Participants or, in the alternative, for reconstitution of the Retiree Committee and the translation to Spanish for the August 1, 2017 meeting of the Official Committee of Retired Employees. FDC Review of Reservation of Rights of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico with respect to the ERS Joint Stipulation and the translation to Spanish for the August 1, 2017 meeting of the Official Committee of Retired Employees. Conference call with B. Gordon, C. Steege, M. Root, R. Levin, HMK and representatives from FTI Consulting and Segal. Review of agenda for the August 1, 2017 meeting of the Official Committee of Retirees. Draft of to HMK with the agenda for the August 1, 2017 meeting of the Official Committee of Retirees. Read from HMK regarding the agenda for the August 1, 2017 meeting of the Official Committee of Retirees. Read from M. Root regarding PROMESA Oversight Board's first annual report. Read of PROMESA Oversight Board's first Annual Report an Annex. Read from M. Root regarding notice of ERS creditor matrix. HMK Preparing and translating court motions to be presented to the Committee meeting August 1, Interview with Tere SOarez, public relations firm for presenting to the Committee. Professionals Conference Call. AJB Reviewed and revised drafts of several documents for meeting tomorrow of official Retiree Committee (ORC). Translations into Spanish of ORC objection to UPR Trust s motion; ORC objection to UCC discovery motion; proposed agenda. Reservation of rights in ERS case; Reviewed Dkts ; Discussed with F. Del Castillo. Participated in T/C with R. Levin, C. Steege, R. Gordon, M. Root, H. Mayol and F. Del Castillo , , SUBTOTAL: FOR PROFESSIONAL SERVICE RENDERED [ ,037.50] $100,037.50

45 Exhibit C- Detailed Time Records Page 14 of 112 BENNAZAR, GARCIA & MILIAN, CSP APART ADO POSTAL NUM. 212 SAN JUAN, PUERTO RICO Phone: Fax: TAX ID: October 4,2017 Invoice # Official Committee of Retired Employees P/C Mr. Jos6 Marin, Chairperson Re: Commonwealth of Puerto Rico Case Number: 17-BK (D.P.R.) For services rendered through August 31,2017 Commonwealth of Puerto Rico [5-3357] Date Attorney/ Activity Hours Amount 8/1/2017 FDC 8/1/2017 HMK 8/1/2017 8/1/2017 Read Opposition of Defendant Assured Guaranty Municipal Corp., to Motion of COFINA Senior Bondholders Coalition for (I) Modification of the Order Granting Interpleader, or (II) In the Alternative, Clarification of the Interpleader Memorandum Option and Intervention Denial Order, filed July 28,2017. Study Fiscal Board s proposed restructuring of pension benefits. HMK Conference with F, del Castillo to discuss FOMB proposal. HMK Response to R. Levin Page 1 of 56

46 1 Exhibit C- Detailed Time Records Page 15 of 112 Date 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 Attorney / Activity HMK Draft to the Jenner & Bennazar team on initial reaction to FOMB proposal. HMK Meeting with FDC to analyze Pension Reform Bill and implications to Retirees. Call with Chairman Marin on communications to Retirees through pension check mailing at ERS. HMK Read and attachment from C. Steege about pension reform memo. FDC Read Joinder of Assured Guaranty Corp., and Assured Guaranty Municipal Corp., to the Motion of The Ad Hoc Group of General Obligation Bondholders to Reconstitute the Official Committee of Unsecured Creditors Pursuant to 11 U.S.C. s. 105(A) and 1102(A)(4), filed July 28, HMK Attending Official Committee meeting. FDC Attendance at Meeting of the Official Committee of Retirees. FDC Draft of 3 rd regarding notice of ERS creditor matrix and alternatives to communicate with retirees. FDC Draft of 2nd regarding notice of ERS creditor matrix and alternatives to communicate with retirees. FDC Read Joinder of the Puerto Rico Fiscal Agency and Financial Advisory Authority to the response of Financial Oversight and Management Board to COFINA Senior Bondholders Coalition s Motion for Modification of Order Granting Interpleader and reservation of Rights, filed July 31,2017. Hours Amount , Page 2 of 56

47 Exhibit C- Detailed Time Records Page 16 of 112 Date Attorney / Activity Hours Amount 8/1/2017 FDC /1/2017 8/1/2017 8/1/2017 Read Ambac Assurance Corporation s Reservation Rights Regarding the Revised Motion of Debtors for Order Approving Stipulation Providing Procedure to Resolve Commonwealth- Cofina Dispute, Filed July 28, FDC Draft of regarding notice of ERS creditor matrix and alternatives to communicate with retirees. FDC Read from R. Levin regarding notice of ERS creditor matrix; read reply from C. Steege; read 2nd from R. Levin; read 2nd from C. Steege; read 3rd from C. Steege; read reply from H. Mayol; read and reply e- mail from K. Nicholl; read 4th from C. Steege; read 5th from C. Steege; read e- mail reply from B. Gordon; read 2nd from H. Mayol; read 6th from C. Steege; and 3rd from R. Levin. FDC 8/1/2017 FDC 8/1/2017 Read objection of debtors to motion requesting appointment of additional committee of government employees and active pension plan participants or, in the alternative, for the reconstitution of the Retiree Committee, filed July 28,2017. Meeting with H. Mayol to study and analyze pension reform bill. (P. del S. 603 y el P. de la C. 1163). HMK Read response of Financial Oversight and Management Board to COFINA Senior Bondholders Coalition s motion for modification of order granting interpleader, by COFINA, filed July 31, Page 3 of 56

48 Exhibit C- Detailed Time Records Page 17 of 112 Date 8/1/2017 Attorney / Activity HMK Read objection of Official Committee of Unsecured Creditors to Ad Hoc Group of General Obligation Bondholders motion to reconstitute Committee under Bankruptcy Code Sections 105(A) and 1102(A)(4), filed July 31,2017. Hours Amount /1/2017 HMK 8/1/2017 HMK 8/1/2017 8/1/2017 8/1/2017 Read notice of consensual extension of objection deadline regarding motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditors Pursuant to 11 U.S.C. 105(A) and 1102 (A)(4) from the Ad Hoc Group of General Obligation Bondholders, filed July 28,2017. Read notice of consensual extensions of objection deadline regarding motion of Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule 2004 from Official Committee of Unsecured Creditors of the Commonwealth of Puerto Rico, Filed July 28, HMK Read and review Employee Retirement System Bondholders adversary complaint filed July 27, HMK Read and review order regarding the applicability of F.R.B.P to the Title III Cases and further proposed amendment to the case management order from July 26, 2017 by Judge Swain. HMK Read Mutual Fund Group s and Puerto Rico Funds response to COFINA Senior Bondholders motion to modify or clarify court orders, filed July 28, Page 4 of S6

49 Exhibit C- Detailed Time Records Page 18 of 112 Date 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 Attorney / Activity HMK Read National s response to motion of COFINA Senior Bondholders Coalition for (I) Modification of the Order Granting Interpleader, or (II) in the Alternative, Clarification of the Interpleader Memorandum Opinion and Intervention Denial Order, filed July 28,2017. HMK to professional team on procedure to send notices to retirees via their pay receipt quarterly mailing. HMK Read objection of debtors to motion requesting appointment of additional Committee of Government Employees and active pension plan participants. HMK Read from R. Levin regarding notice of ERS creditor matrix; read reply from C. Steege; read 2nd from R. Levin; read 2nd from C. Steege; read 3rd from C. Steege; read reply from K. Nicholl; read 4th from C. Steege; read 5th from C. Steege; read reply from B. Gordon; read 6th from C. Steege; and 3rd from R. Levin. HMK Read Ambac Assurance Corporation s reservation of rights regarding the revised motion of debtors for order approving stipulation providing procedure to resolve Commonwealth- Cofina dispute, filed July 28, HMK Read Joinder of the Puerto Rico Fiscal Agency and Financial Advisory Authority to the response of Financial Oversight and Management Board to COFINA Senior Bondholders Coalition s Motion for Modification of Older Granting Interpleader and reservation of Rights, filed July 31,2017. Hours Amount Page 5 of 56

50 Exhibit C- Detailed Time Records Page 19 of 112 Date Attorney / Activity Hours Amount 8/1/2017 HMK Read opposition of defendant Assured Guaranty Municipal Corp., to motion of COFINA Senior Bondholders Coalition /1/2017 HMK Read Joinder of Assured Guaranty Corp., and Assured Guaranty Municipal Corp., to the Motion of The Ad Hoc Group of General Obligation Bondholders to Reconstitute the Official Committee of Unsecured Creditors Pursuant to 11 U.S.C. 105(A) and 1102(A)(4), filed July 28, /1/2017 HMK Analyzed pension reform bill and implications to retirees /1/2017 HMK 8/1/2017 8/1/2017 8/1/2017 FDC Call with Chairman Marin on Communications to Retirees through pension check mailing at ERS. HMK Read from C. Steege regarding obtaining the actuarial data from the systems. FDC Read objection of Official Committee of Unsecured Creditors to Ad Hoc Group of General Obligation Bondholders Motion to Reconstitute Committee Under Bankruptcy Code Sections 105(A) and 1102(A)(4), filed July 31, Read notice of consensual extensions of objection deadline regarding motion of official Committee of unsecured creditors for order, under Bankruptcy Rule from Official Committee of unsecured Creditors of the Commonwealth of Puerto Rico, filed July 28, Page 6 of 56

51 1 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 20 of 112 Date 8/1/2017 AJB Attorney / Activity Reviewed final text corrected drafts of materials for today s meeting of the Official Retiree Committee: Agenda, minutes of last meeting; objection to UPR Trust motion; objection to UCC discovery request reservation of rights in ERS case, translations into Spanish of the 3 motions and Hours Amount , /1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017. Various conferences with H. Mayol and F. del Castillo. Attended the ORC meeting. FDC Read and review employee retirement system bondholders adversary complaint filed July 27, FDC Read order of reference to a Magistrate Judge the Motion of Official Committee of Unsecured Creditors for order, under Bankruptcy Rule July 26,2017 by Judge Swain. FDC Read and review Order Regarding the Applicability of F.R.B.P to the Title III Cases and Further Proposed Amendment to the Case Management Order - July 26,2017 by Judge Swain. FDC Read notice of Consensual Extension of Objection Deadline Regarding Motion of the Ad Hoc Group of General Obligation Bondholders to Reconstitute the Official Committee of Unsecured Creditors Pursuant to U.S.C. 105(A) and 1102 (A)(4) from the Ad Hoc Group of General Obligation Bondholders, filed July 28, FDC Draft of to answer question from R. Levin regarding the announcement of new legislation regarding the PayGo system and the benefits of active participants Page 7 of 56

52 Exhibit C- Detailed Time Records Page 21 of 112 Date 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 8/1/2017 FDC Attorney / Activity FDC Read Response of Financial Oversight and Management Board to COFINA Senior Bondholders Coalition s Motion for Modification of Order Granting Interpleader, by COFINA filed July 31, FDC Read from C. Steege regarding obtaining the actuarial data from the retirement systems. FDC Read Informative Motion of The Bank of New York Mellon, as Trustee, Regarding Acceleration of COFINA Bonds, filed July 31,2017. FDC Read and attachment from C. Steege about Pension Reform Memo, FDC Read from M, Root about conference call about Pension Reform Memo; read reply from R. Levin. FDC Read Mutual Fund Group s and Puerto Rico Funds Response to COFINA Senior Bondholders Motion to Modify or Clarify Court Orders, filed July 28, FDC Read from Milagros Acevedo (Secretary) about corrections to the minute of July 6, 2017 of the Official Committee of Retirees. Read National's Response to Motion of COFINA Senior Bondholders' Coalition for (I) Modification of the Order Granting Interpleader, or (II) in the Alternative, Clarification of the Interpleader Memorandum Opinion and Intervention Denial Order, filed July 28,2017. Hours.Amount , Page 8 of 56

53 'I Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 22 of 112 Date Attorney / Activity Hours Amount 8/2/2017 AJB Received and examined memorandum from , /2/2017 8/2/2017 8/2/2017 8/2/2017 issued via ECF system. Exchange of memoranda with R. Levin, C. Steege, H. Mayol and R. Gordon on proposed press release. Exchange of notes with M. Root on draft proposed motion for August 8 hearing. HMK Read response of United States Trustee to motion requesting appointment of additional Committee of Government Employees and Active Pension Plan Participants or, in the Alternative, for the reconstitution of the Retiree Committee, July 28, HMK Read and attachment from B. Gordon regarding the Financial Oversight and Management Board's memorandum to modify pension benefits. HMK Read objection of AAFAF to the motion of the Official Committee of Unsecured Creditors for order, under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, filed July 31,2017. HMK Read objection of debtors to motion of Ad Hoc Group of General Obligation Bondholders to reconstitute statuatory Committee of Unsecured Claimholders, filed July 28, Page 9 of 56

54 Exhibit C- Detailed Time Records Page 23 of 112 Pate 8/2/2017 8/2/2017 8/2/2017 8/2/2017 8/2/2017 Attorney / Activity HMK Read Omnibus objection of Official Committee of Unsecured Creditors to motions of University of Puerto Rico Retirement System Trust and Ad Hoc Puerto Rico Municipalities Committee requesting appointment of additional Official Creditors' Committees. HMK Read United States Trustee's response to the Ad Hoc Puerto Rico Municipalities Committees request for an order directing the appointment of an Official Committee of Puerto Rico Municipalities, filed July 28, HMK Participated in a meeting with FOMB lawyers and Committee professionals. HMK Read statement of Puerto Rico Fiscal Agency and Financial Advisory Authority in opposition to various motions requesting appointment of additional statutory Committees and/or the reconstitution of statuatory Committees, filed July 28,2017. HMK Received from C. Steege, reviewed motion for intervention. Hours Amount Page 10 of 56

55 Exhibit C- Detailed Time Records Page 24 of 112 Date Attorney / Activity Hours Amount 8/2/2017 HMK Reviewed various edits to original memo on FOMB pension restructuring proposal /2/2017 HMK Review of statement for the Committee on the FOMB pension restructuring proposal. Edits by Segal FTI and R. Levin. Response to Professionals on scope of the statement /2/2017 HMK Read informative motion of Official Committee of Unsecured Creditors regarding applicability of Backruptcy Rule 2019 to Title III Cases and further proposed amendment to case management order, filed August 2, /2/2017 HMK 8/2/2017 8/2/2017 8/2/2017 Read limited objection of Ambac Assurance Corporation to Ad Hoc Puerto Rico Municipalities Committee's request for an order pursuant to 48 U.S.C. s and 11 U.S.C. s directing the appointment of an Official Puerto Rico Municipalities Committee, July 28,2017. HMK Read United States Trustee's response to the motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditors pursuant to 11 U.S.C. 105 (A) and 1105(A)(4), filed July 28, HMK Read Ambac Assurance Corporation's objection to motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditorts, filed July 28, HMK Read Financial Guaranty Insurance Company's response in support of motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute The Official Committee of Unsecured Creditors pursuant to 11 U.S.C. 105 (A) and 1102(A)(4), filed July 28, Page 11 of 56

56 Exhibit C- Detailed Time Records Page 25 of 112 Date Attorney / Activity Hours Amount 8/2/2017 HMK Read memorandum order granting urgent motion /2/2017 of Official Committee of Unsecured Creditors to expedite consideration of motion leave to intervene and denying motion for leave to intervene under bankruptcy Rule 7024, August 1,2017 by Judge T. Swain. HMK , /2/2017 8/2/2017 Read and attachments (draft of press release in English and Spanish from the Official Retiree Committee) from M. Root; read reply and attachments from K. Nichols; read and attachment from R. Levin; read reply from S. Simms; read 2nd from S. Simms; read 2nd from K. Nichols; read reply from S. Wohl; read 2nd by S. Wohl; read reply L. Park; read reply from by K. Steege; read 2nd from K. Steege; read 3rd from Steege; read 3rd from S. Simms; read 2nd from R. Levin; read 3rd from R. Levin; read from B. Gordon; read 2nd e- mail from B. Gordon; read 4th from R. Levin; read 3rd B, Gordon; and 3rd from S. Wohl. AJB informed. FDC Read Response of United States Trustee to Motion Requesting Appointment of Additional Committee of Government Employees and Active Pension Plan Participants or, in the Alternative, for the Recostitution of the Retiree Committee, July 28, 2017, FDC Read Ambac Assurance Corporation's objection to motion of the Ad Hoc Group of General Obligation Bondholders' to reconstitute the Official Committee of Unsecured Creditors, filed July 28, Page 12 of 56

57 Exhibit C- Detailed Time Records Page 26 of 112 Date 8/2/2017 8/2/2017 8/2/2017 8/2/2017 8/2/2017 Attorney / Activity FDC Read United States Trustee's response to the Motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditors pursuant to 11 U.S.C. 105(A) and 1102(A)(4), filed July 28, FDC Read limited objection of Ambac Assurance Corporation to Ad Hod Puerto Rico Municipalities Committee's request for an order pursuant to 48 U.S.C and 11 U.S.C 1102 directing the appointment of an official Puerto Rico Municipal Committee, July 28, FDC Conference call with attorneys from the Financial Oversight and Management Board regarding the announcement of pension reform to the retirees of the Commonwealth of Puerto Rico and discussion of the memorandum (left beforeconference call was over). FDC Read informative motion of official committee of unsecured creditors regarding applicability of Bankruptcy Rule 2019 to Title Illcases and further proposed amendment to case management order, filed August 2, FDC Read memorandum order granting urgent motion of official committee of unsecured creditors to expedite consideration of motion for leave to intervebe and denying motion for leave to intervene under Bankruptcy Rule 7024, August 1, 2017 by Judge T. Swain. Hours Amount Page 13 of 56

58 Exhibit C- Detailed Time Records Page 27 of 112 Date Attorney / Activity 8/2/2017 FDC 8/2/2017 8/2/2017 Read and attachments (draft of press release in English and Spanish from the Official Retiree Committee) from M. Root; read reply and attachments from K. Nichols; read and attachment from R. Levin; read reply from H. Mayol; read reply from S. Simms; read 2nd from H. Mayol; read 2nd from S. Simms; read 2nd from K. Nichols; read reply from S. Wohl; read reply from L. Park; read 2nd from K Nichols; read reply from K. Steege ; read 3rd from H. Mayol; read 4th from H. Mayol; read 3rd e- mail from Steege; read 3rd from S. Simms; read 2nd from R. Levin; read 3rd from S. Simms; read 5th from H. Mayol; read 3rd from R. Levin; read from B. Gordon; read 2nd from B. Gordon; read 4th from R. Levin; read 3rd from B. Gordon; read 3rd from S. Wohl. FDC Read financial guaranty insurance company's response in support of motion of the Ad Hoc Group Obligation Bondholders to reconstitute the official committee of unsecured creditors pursuant to 11 U.S.C. 105 (A) and 1102(A)(4), filed. FDC Hours Read Statement of Puerto Rico Fiscal Agency and Financial Advisory Authority in Opposition to Various Motions Requesting Appointment of Additional Statutory Committees and/or the Reconstitution of Statutory Committees. 8/2/2017 FDC Read and attachment from 0.30 Amount iayo read reply from Page 14 of 56

59 Exhibit C- Detailed Time Records Page 28 of 112 Date 8/2/2017 8/2/2017 8/2/2017 8/2/2017 8/2/2017 8/3/2017 8/3/2017 Attorney / Activity FDC Read United States Trustee's Response to the Ad Hoc Puerto Rico Municipalities Committee's Request for an Order Directing the Appointment of an Official Committee's of Puerto Rico Municipalities, filed July 28,2017. FDC Read Omnibus objection of Official Committee of Unsecured Creditors to motions of University of Puerto Rico Retirement System Trust and Ad Hoc Puerto Rico Municipalities Committee requesting appointment of additional Official Creditors' Committees, filed July 28,2017. FDC Read objection of debtors to motion of Ad Hoc Group of General Obligation Bondholders to reconstitute statuatory Committee of Unsecured Claimholders, filed July 28,2017. FDC Read objection of AAFAF to the motion of the Official Committee of Unsecured Creditors for order, under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, filed July 31,2017. FDC regarding the Financial Oversight and Management Board's memorandum to modify pension benefits. FDC Read objection of debtors to motion of the Official Committee of Unsecured Creditors for order, under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, filed August 3, FDC Read and attachment from M. Root about the agenda for the August 8,2017 meeting of the Official Commettee of Retirees. Hours Amount Page 15 of 56

60 Exhibit C- Detailed Time Records Page 29 of 112 Date 8/3/2017 8/3/2017 8/3/2017 8/3/2017 8/3/2017 8/3/2017 Attorney/ Activity FDC Read 3rd about press release from the Official Retiree Committee by K. Nichols; draft of about press release from the Official Retiree Committee; read from AJB; read 2nd from M. Root; read 3rd from M. Root; read 4th from M. Root; read 2nd from AJB; read 5th from M. Root. AJB Received and examined memorandum issued by the FOMB on proposed pension cuts (reductions) to Puerto Rico Retirees. Discussed with H. Mayol and F. del Castillo. Two conferences meetings with R. Levin, C. Steege, R. Gordon, M, Root and other advisors. Reviewed and proposed changes to ORC pronouncement to be issued publicly. Examined PR House Bill 1163 en pension plan payments. Reviewed court docket. FDC Read from M. Root regarding the Official Retiree Committee materials for the 3:00PM conference call with the group. FDC Read from B. Gordon regarding demographic data from the Employees Retirement System and Judiciary Terirement System. HMK Read 3rd about press release from the Official Retiree Committee by K. Nichols; draft of about press release from the Official Retiree Committee; read from AJB; read 2nd from M. Root; read 3rd from M. Root; read 4th from M. Root; read 2nd from AJB; read 5th from M. Root. HMK Read and attachment from M. Root about the agenda for the August 8,2017 meeting of the Official Committee of Retirees. Hours Amount , Page 16 of 56

61 Exhibit C- Detailed Time Records Page 30 of 112 Date Attorney / Activity 8/3/2017 HMK Read objection of debtors to motion of the Official Committee of Unsecured Creditors for order, under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, filed August 3, /3/2017 HMK Read from B. Gordon regarding demographic data from the Employees Retirement System and Judiciary Terirement System. 8/3/2017 HMK Read from M. Root regarding the Official Retiree Committee Materials for the conference call with the group. 8/3/2017 HMK Conference call with professional in preparation for Commettee meeting and proposed press release on pension restructuring proposal by the FOMB. 8/3/2017 HMK Hours Amount /3/2017 HMK Committee conference call with professionals to approve press release in reaction to FOMB proposal. 8/4/2017 HMK Read motion of Official Committee of Retired employees of the Commonwealth of Puerto Rico for leave to intervene under Bankruptcy Rule 7024, filed August 4, /4/2017 HMK Read from B. Gordon about explanatory memorandum on pension reform Page 17 of 56

62 Exhibit C- Detailed Time Records Page 31 of 112 Date 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 Attorney / Activity HMK Read from A.J. Bennazar about the agenda for the August 8,2017 meeting of the Official Committee of Retirees; draft about additional items to include in the agenda for the August 8, 2017 meeting of the Official Committee Retirees; read 2nd and attachment from M. Root; read 3rd from M. Root; read 4th e- mail from M. Root; and draft of 2nd and changes to attachment about additional items to include in the agenda for the August 8, 2017 meeting of the Official Commettee of Retirees. HMK Read notice of hearing on motion of Official Committees of Retired Employees of the Commonwealth of Puerto Rico for leave to intervene under Bankruptcy Rule 7024, filed August 4,2017. HMK Preparation of Committee Meeting Agenda for August 8 meeting. HMK PROMESA public meeting and press conference in Puerto- Rico. Agenda included Pension Plan Reform. HMK Read from B. Gordon regarding press release of PROMESA Board pursuing pension benefit reductions over government objections. HMK Read and attachment from Jos6 Marin, President of the Official Commettee of Retirees, about the agenda of the next meeting. HMK Review, analysis and comments of Oversight Board Memorandum of August 4, 2017, titled Explanatory Memorandum on Pension Reform. HMK Read from B. Gordon about explanatory memorandum on pension reform; and read reply from C. Steege. Hours Amount , , Page 18 of 56

63 Exhibit C- Detailed Time Records Page 32 of 112 Date Attorney / Activity 8/4/2017 HMK Read and attachment (Oversight Board Memorandum of August 4, 2017) from B. Gordon about right-sizing measures in Commonwealth Fiscal Plan. 8/4/2017 HMK Read reply to various objections and responses to Official Committee of Unsecured Creditors' motion for leave to intervene under Bankruptcy Rule 7024 in Peaje Adversary Proceeding, filed August 4, /4/2017 HMK Read urgent motion of Official Committee of Unsecured Creditors for entry of order adjourning hearing on motion of Committee. 8/4/2017 HMK Read response of the COFINA Senior Bondholders' coalition to the informative motion of Official Committee of Unsecured Creditors regarding applicability of Bankruptcy Rule 2019 to the Title III Cases and further proposed amendment to case management order, filed August 4, /4/2017 FDC Bondholders' coalition to the informative motion of Official Committee of Unsecured Creditors regarding applicability of Bankruptcy Rule 2019 to the Title III Cases and further proposed 8/4/2017 FDC Draft of memorandum requested by the Official Committee of Retirees about the proposed bill to guarantee the payment of pension benefits and establish a new defined contributions plan for public servants. 8/4/2017 FDC Read and attachment from Jose Marfn, President of the Official Commettee of Retirees, about the agenda of the next meeting. Hours Amount , Page 19 of 56

64 Exhibit C- Detailed Time Records Page 33 of 112 Date 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 Attorney / Activity FDC Read urgent motion of Official Committee of Unsecured Creditors for entry of order adjourning hearing on motion of Committee for order under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, and adjouring reply deadline, filed August 4, FDC Read reply to various objections and responses to Official Committee of Unsecured Creditors' motion for leave to intervene under Bankruptcy Rule 7024 in Peaje Adversary Proceeding, filed August 4,2017. FDC August 8,2017, meeting of the Official Committee of Retirees; draft about additional items to include in the agenda for the August 8,2017 meeting of the Official Committee of Retirees; read 2nd and attachment from M. Root; read reply from H. Mayol; read 3rd from M. Root; read 4th from M. Root; and draft of 2nd and changes to attachment about additional items to include in the agenda for AJB Received and examined 4 motions filed by the Official Committee of Unsecured Creditors; several motions filed by B NY - Mellon and by assured guarantymunicipal Corp.; Received and examined official Retiree Committee's motion to intervene in adversary proceeding filed by GO bondholders; Follow up on filing of ORC motion on attendance at August 9-10 hearing and retention of PTI Consulting. Conference with H. Mayol. Reviewed proposed agenda for August 8 meeting and minutes of prior meeting. FDC Read from B, Gordon about explanatory memorandum on pension reform. Hours Amount , Page 20 of 56

65 Exhibit C- Detailed Time Records Page 34 of 112 Date 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/4/2017 8/5/2017 8/5/2017 Attorney / Activity FDC Read notice of hearing on motion of Official Committee of Retired Employees of the Commowealth of Puerto Rico for leave to intervene under Bankruptcy Rule 7024, filed August 4, FDC Read motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for leave to intervene under Bankruptcy Rule 7024, filed August 4, FDC Read and attachment (Oversight Board Memorandum of August 4, 2017) from B. Gordon about right- sizing measures in Commonwealth Fiscal Plan. FDC Read from B. Gordon about explanatory memorandum on pension reform; read refly from C. Steege. FDC Review and analysis of oversight board memorandum of August 4,2017, titled explanatory memorandum on pension reform. FDC Call with Jose Marin, president of the Official Committee of Retirees, about the agenda of the next meeting. FDC Read from B. Gordon, regarding press release of the PROMESA Board pursuing pension benefit reductions over government objections. HMK Read informative motion of Official Committee pf Unsecured Creditors requesting to be heard at August 9-10,2017 hearing with respect to motion COFINA Senior Bondholders' Coalition. HMK Read from B. Gordon about the agenda for the August 8,2017 meeting of the Official Committee of Retirees and documents to be included for the consideration of the members. Hours Amount , Page 21 of 56

66 Exhibit C- Detailed Time Records Page 35 of 112 Date 8/5/2017 8/5/2017 8/5/2017 8/5/2017 8/5/2017 8/5/2017 8/5/2017 Attorney / Activity HMK Read reply in support of motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditors pursuant to 11 U.S.C. 105(A) and 1102(A)(4), filed August 4,2017. HMK Read omnibus reply of Ad Hoc Puerto Rico Municipalities Committee to objections to request for an order pursuant to 48 U.S.C and 11 U.S.C directing the appointment of an Official Puerto Rico. HMK Read and replied to C. Steege request from S. Word and Segal. Wrote explaining basic healthcare questions. HMK Review minuted and Agenda sent by F. del Castillo FDC Tranlation into Englich of memorandum requested by the Official Committee of Retirees about the bill to guarantee the payment of pension benefits and establish a new defined contributions plan for public servants. HMK informed. HMK Read omnibus reply to objections to motion requesting appointment of additional Committee of Government Employees and Active pension plan or, in the alternative, for the reconstitution of the Retiree Committee, by the University of Puerto Rico Retirement System Trust, filed August 4, FDC Read omnibus reply to objections to motion requesting appointment of additional Committee of Government Employees and Active pension plan or, in the alternative, for the reconstitution of the Retiree Committee, by the University of Puerto Rico Retirement System Trust, filed August 4, Hours Amount Page 22 of 56

67 Exhibit C- Detailed Time Records Page 36 of 112 Date 8/5/2017 8/5/2017 8/5/2017 8/5/2017 8/6/2017 8/6/2017 Attorney / Activity FDC Read reply in support of motion of the Ad Hoc Group of general obligation bondholders to reconstitute the Official Committee of unsecured creditors pursuant to 11 U.S.C. 105(A) and 1102(A)(4), filed August 4, FDC Read from B. Gordon about the agenda for the August 8,2017 meeting of the Official Committee of Retirees and documents to be included for the consideration of the members. FDC Read informative motion of Official Committee of unsecured creditors requesting to be heard at August 9-10,2017 hearing with respect to motion COFINA senior bondholders' coalition for modification of interpleader order and related pleadings, filed August 4, FDC Read onmibus reply of Ad Hoc Puerto Rico Municipalities Committee to objections to request for an order pursuant to 48 U.S.C and 11 U.S.C directing the appointment of an Official Puerto Rico Municipalities Committee, filed August 4, HMK Receive from M. Root with Spanish translations review and correct motion to intervene and motion to dismiss. HMK Wrote about the agenda for the August 8, 2017 meeting of the Official Committee of Retirees and documents to be included for the consideration of the members; read reply from C. Steege, read 2nd from B. Gordon; and read 3rd from B. Gordon. Hours Amount Page 23 of 56

68 1 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 I Exhibit C- Detailed Time Records Page 37 of 112 Date 8/6/2017 8/6/2017 8/7/2017 8/7/2017 8/7/2017 8/7/2017 8/7/2017 Attorney / Activity FDC Read 2nd from H. Mayol about the agenda for the August 8, 2017 meeting of the Official Committee of Retirees and documents to be included for the consideration of the members; read reply from C. Steege; read 2nd from B. Gordon; and read 3rd from B. Gordon. FDC Read adversary complaint from "Union de Trabajadores de la Industria Electrica y Riego", against defendants the Puerto Rico Electric Power Authority and the Financial Oversight and Management Board for Puerto Rico, filed August 6, FDC Read order for evidentiary on the motion of plaintiff Peaje Investments, LLC, for August 8, 2017 and August 7, 2017 by Judge Swain. FDC Conference with R. Gordon and H. Mayol regarding pension reform legislation (P. del S. 603 yp.de la C. 1163). FDC Read objection and motion of Aurelius to dismiss Title III Petition, filed August 7,2017. FDC Discussed new versions of Minutes of the August 1,2017 meeting and agenda of the August 8, meeting with H. Mayol. AJB Reviewed and revised drafts of documents to be distributed to the members of the official Retiree Committee (ORC) at tomorrow's meeting; minute of last meeting, agenda, motion filed last Friday, translation into Spanish, talking points. Conference with H. Mayol re: same. Hours Amount Page 24 of 56

69 I Exhibit C- Detailed Time Records Page 38 of 112 Date 8/7/2017 8/7/2017 8/7/2017 8/7/2017 8/7/2017 8/8/2017 8/8/2017 8/8/2017 Attorney / Activity HMK Read order for evidentiary hearing on the motion of plaintiff Peaje Investment, LLC., for August 8, 2017, August 7, 2017 by Judge Swain, HMK Read objection and motion of Aurelius to dismiss Title III Petition, filed August 7, HMK Discussed new versions of minutes of the August 1 meeting and agenda of the August 8 meeting with F. del Castillo. HMK Telemundo TV Interview to explain Committee's position on pension reductions proposed by the FOMB. HMK Discussed with R. Gordon and F. del Castillo aspects of pension reform proposal by FOMB and the pension reform Law approved by PR legislature. FDC Read order granting urgent motion of Official Committee of Unsecured Creditors to adjourn hearing on motion of committee order, under Bankruptcy Rule 2004 authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, and to adjourn reply deadline. August 8, 2017 by Magistrate Judith Gail Dein. AJB Attended meeting of the ORC at the Sheraton Convention Center Hotel. Post- meeting debriefing with attorney R. Gordon, C. Steege, M. Root, H. Mayol and F. del Castillo. HMK Read order granting urgent motion of Official Committee of Unsecured Creditors to adjourn hearing on motion of committee order, under Bankruptcy Rule 2004 authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, and to adjourn reply deadline. August 8,2017 by Magistrate Judith Gail Dein. Hours Amount 0, , Page 25 of 56

70 t Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 I Exhibit C- Detailed Time Records Page 39 of 112 Date 8/8/2017 8/8/2017 8/8/2017 8/8/2017 Attorney / Activity HMK Administrative preparation for the meeting of the Official Committee of Retirees at the Sheraton Hotel. HMK Meeting with R. Gordon, C. Steege, M. Root and F. del Castillo to coordinate agenda for Official Retiree meeting. FDC Administrative preparation for the meeting of the Official Committee of Retirees at the Sheraton Hotel; meeting with R. Gordon, C. Steege, M. Root and H. Mayol to coordinate the meeting. FDC Read opposition of financial oversight and management board for Puerto Rico, as Commonwealth representative, to motion for relief from automatic stay, filed August 8,2017. Hours Amount /8/2017 FDC Review of notice of agenda of matters scheduled for the hearing on August 9,2017 at 9:30 AM and notice of amended agenda. 8/8/2017 FDC Meeting of the Official Committee of Retirees at the Sheraton Hotel. 8/8/2017 HMK Read opposition of financial oversight and management Board for Puerto Rico, as Commonwealth Representative, to motion for relief from automatic stay, filed August 8, /8/2017 HMK Review of notice of agenda of matters scheduled for the hearing on August 9,2017 at 9:30 and notice of amended agenda. 8/8/2017 HMK Read answer and counterclaims from Pension Obligation Bondholders (Altair Global Credit Opportunities Fund and others), filed August 8, , Page 26 of 56

71 Case: LTS r Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 40 of 112 Date Attorney / Activity Hours Amount 8/8/2017 HMK Attending Official Committee meeting with Jenner , /9/2017 & Block, FTI, A. J. Bennazar, presentations by Marchard ICS and publicity Tere Suarez. AJB Received and examined notice of filing of second revised order setting procedures for interim /9/2017 compensation and reimbursements of expenses of professionals. Discussed with H. Mayol. FDC Draft to Milagros Acevedo (secretary) and /9/2017 Jose Marin (President) about pending corrections to the minutes of July 6,2017 of the Official Committee of Retirees. FDC Corrections approved by the Official Committee of /9/2017 Retirees to the minutes of August 1, FDC Read answer and counterclaims from pension /9/2017 obligation bondholders (Altair Global Credit opportunities Fund and others), filed August 8, FDC Draft to Milagros Acevedo (Secretary) and /9/2017 Jose Marin (President) about the corrections approved by the Official Committee of Retirees to the other minutes of August 1, HMK Attended court hearing in San Juan , /9/2017 AJB Received and examined ECF notices of motions' /9/2017 filed and orders issued in the Title III cases. Conference with F. del Castillo on preparation on minutes of last Tuesday's ORC meeting. Follow up on rescheduling of next ORC meeting, originally set for August 15, now rescheduled for August 23. Conference with H. Mayol on mediation meeting in NYC next week. AJB Attended Omnibus hearing before the Hon. Laura Taylor Swain at the USDC-PR , Page 27 of 56

72 T Case: LTS I Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 41 of 112 Date Attorney / Aetivit Hours Amount 8/10/2017 FDC Read from B. Gordon regarding judge Swain denying the UPR Trust's request to reconstitute the Official Retiree Committee. 8/10/2017 FDC Read memorandum opinion and order denying motion to intervene, August 10, 2017 by Judge Swain. 8/10/2017 HMK Read from B. Gordon regarding Judge Swain the UPR Trust's. Request to reconstitute the Official Retiree Committee. 8/10/2017 HMK Read memorandum opinion and order denying motion to intervene, August 10, 2017 by Judge Swain. 8/10/2017 AJB , Post-hearing cleanup; conference with F. Del Castillo re: minutes of ORC meeting of last Tuesday; exhange of notes with M. Root, Sgt. J. Marin and H. Mayol on re-scheduling of next ORC meeting in light of mediation conference in NYC next week; reviewed notices of motions and orders issued by ECF system. Received and examined Judge Swaine's order denying UPR Trust's motion to reconstitute ORC; exchange of memoranda with R. Gordon. S, Simms, C. Steege and Sgt. J. Marin. 8/11/2017 FDC Read memorandum opinion and order denying motion requesting appointment of additional Committee of Government Employees and active pension plan participants or, in the alternative, for the reconstitution of the Retiree Committee, Agusut 11,2017 by Judge Swain Page 28 of 56

73 ) Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 42 of 112 Date Attorney/ Activity Hours Amount 8/11/2017 AJB Received and examined court orders 1000 to 1002, on the retention of professionals; follow up on filing amended proposed order regarding application of the Official Committee of Retired Employees for the employment of Segal Consulting (990); order approving procedure to resolve Commonwealth Cofina dispute. Reviewed orders issued and motions filed. Exhange of corresponden with R. Gordon. 8/11/2017 HMK Read memorandum opinion and order denying the , motion of the Ad Hoc Puerto Rico Municipalities Committee, August 11,2017 by Judge Swain. 8/11/2017 HMK Read from B. Gordon regarding Retiree Committee documents (demographic data); answered to B. Gordon. 8/11/2017 FDC Read notice of expedited appeal under Promesa of denial of committee motion to intervene, by Official Committee of Unsecdured Creditors, (filed August 11, /11/2017 FDC Read memorandum opinion and order denying the motion of the Ad Hoc Puerto Rico Municipalities Committee, August 11, 2017 by Judge Swain. 8/11/2017 FDC Read memorandum opinion and order denying the motion of the Ad Hoc Group of general obligation bondholders to reconstitute the Official Committee of unsecured creditors. 8/11/2017 FDC Read from B. Gordon regarding Retiree Committee documents (demographic data); answered to B. Gordon; read reply from H. Mayol. 8/11/2017 HMK Read notice of expedited appeal under Promesa of denial of Committee motion to intervene, by Official Committee of Unsecured Creditors filed August 11, Page 29 of 56

74 1 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 43 of 112 Date Attorney / Activity Hours Amount 8/11/2017 HMK Read memorandum opinion and order denying motion requesting appointment. 8/11/2017 HMK Read memorandum opinion and order denying the motion of the Ad Hoc Group of General Obligation Bondholders to reconstitute the Official Committee of Unsecured Creditos. 8/13/2017 FDC Read application of oversight board for entry of order authorizing employment and payment of Phoenix Management Services, LLC as financial advisor for mediation team, filed Augst 13, /14/2017 HMK Read and review of Assured Guaranty Corp., Assured Guaranty Municipal Corp., and plaintiff National Public Finance Guarantee Corp. Memorandum in opposition to defendants'motion to dismiss the complaint pursuant to Fed. R. Civ. P. 12(B)(1) and (B)(6), file August 14, /14/2017 FDC Read defendants' closing statement in opposition to plaintiff Peaje Investments LLC's PI motion, filed August 14, /14/2017 FDC Draft letter to Armando Rivera, executive director to arrange meeting with Segal for the 21 or 22 of August. 8/14/2017 FDC Read and review of Assured Guaranty Corp Assured Guaranty Municipal Corp. and Plaintiff National Public Finance Guarantee Corp. memorandum in opposition to defendat's motion to dismiss the complaint pursuant to Fed. R. Civ. P. 12(B)(1) and (B)(6) filed August 14,2017 8/14/2017 HMK Read defendants'closing statement in opposition to plaintiff Peaje Investments LLC's PI motion, filed August 14, Page 30 of 56

75 Exhibit C- Detailed Time Records Page 44 of 112 Date Attorney / Activity 8/14/2017 FDC 8/14/2017 FDC 8/14/2017 HMK Conference call with R. Gordon, H. Mayol, C. Steege, M. Root, S. Gumbs, S. Wohl, S. Simms, R. Levin and K. Nichols. Several issues were discussed (release of demographic data, mediation, case litigation, etc.) Read closing statement of plaintiff Peaje Investments LLC regarding Peaje's motion (i) for preliminary injunction and (ii) for relief from stay or altemativevely adequate protection, filed August 14, T/C with professionals Jenner, BennaZar and Segal FTI. 8/14/2017 HMK 8/14/2017 HMK 8/14/2017 AJB 8/15/2017 FDC 8/15/2017 FDC Meeting with R. Gordon, M. Root and Jorge Marchand to specify roles and contest of information agent contract. Read statement of plaintiff Peaje Investments LLC regarding Peaje's motion. Reviewed and read motions filed and orders issued. Participated in T/conference with Jenner team, FTI and Segal, H. Mayol and F. Del Castillo on preparations for mediation sessions. Several conferences throughout day with H. Mayol, F. Del Castillo and Sgt. Marin. Read memorandum from Houser. 8/15/147 HMK Read order directing supplemental briefing, August 15,2017 by Judge Swain. Barbara J. Hours Amount , Page 31 of 56

76 1 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit C- Detailed Time Records Page 45 of 112 Date Attorney / Activity Hours Amount 8/15/2017 HMK Read order directing supplemental briefing, August 15, 2017 by Judge Swain. 8/15/2017 HMK Discussion and analysis with A. J. Bennazar, /15/2017 HMK Travel to New York City to attend mediation hearing. 8/15/2017 HMK Studied GO Bondholders cases and claims against COFINA and COFINA responses in preparation for mediation process. 8/15/2017 AJB Follow up on issuance of order authorizing employment of BGM by the ORC (Dkt 1003); exchange of correspondence with M. Root on methodology to be used pursuant to the proposed interim compensation order T/C with A. Quilinchini of Publicidad Tere Sudrez re: choice made by ORC. Follow up on motions filed and orders issued as per ECF system. Meeting with H. Mayol prior to mediation in NYC this week. 8/16/2017 HMK Meeting with R. Gordon and R. Levin /16/2017 HMK Page 32 of 56

77 Exhibit C- Detailed Time Records Page 46 of 112 Date Attorney / Activity Hours Amount 8/16/2017 AJB Received T/C from H. Mayol on need conduct research under PR Constitution on the taxing powers of the Commonwealth Government in the contexct of the COFINA claims. Received and , : i : E- follow up on motions filed and orders issued as per the ECF system. Began review of Lex Claims, LLC (3:16-cv (FAB) on COFINA dispute. 8/16/2017 CRI Research on PR constitutional issues and taxing power of PR legislature. Conf A. J. Bennazar. 8/16/2017 FDC Read notice of presentment of third revised order setting procedures for interim compensation and reimbursement of expenses of professionals, filed August 17,2017 by the Commonwealth. 8/16/2017 FDC Read defendants's motion and memorandum to compel production of documents, filed August 16, 2017 by ERS bondholders. 8/16/2017 FDC Read stipulated protective order, filed August 16, /16/2017 FDC Committee of Regired Employees of the Commonwealth of Puerto Rico regarding participation in the August 22,2017 Hearing, filed August 16, /16/2017 FDC Read order scheduling and regarding procedures for attendance, participation and observation of August 23, 2017, oral argument, by Judge Swain. 8/16/2017 FDC Read order scheduling and regarding procedures for attendance, participation and observation of August 23, 2017, oral argument by Judge Swain Page 33 of 56

78 Exhibit C- Detailed Time Records Page 47 of 112 Date Attorney / Activity Hours Amount 8/16/2017 FDC Read verified statement of the Official Committee of Regired Employees of the Commonwealth of Puerto Rico pursuant to Bankruptcy Rule 2019, filed August 16, /17/2017 HMK Return New York to San Juan , /17/2017 HMK Read motion from oversight and management board to dismiss plaintiffs (UPR - RUM Professors) complaint pursuant to fed. R. Civ. P. 12(b)(1) and (B)(6), filed August 16, /17/2017 HMK Read reference to Magistrate Judge Judith Dein form general pre-trial management August 17, 2017 by Judge Swain. 8/17/2017 HMK Read order scheduling briefing and hearing in connection with the Aurelius Motions, August 17, 2017 by Judge Swain. 8/17/2017 HMK Read order certifying matters to the attorney general of the United State, August 17,2017 by Judge Swain. 8/17/2017 HMK Read order certifying matters to the attorney general of the United States, August 17, /17/2017 HMK Read memorandum titled! /17/2017 FDC Read notice of presentement of fourth revised order setting procedures for interim compensation and reimbursement of expenses of professionals, filed August 17,2017 by the Commonwealth Page 34 of 56

79 Exhibit C- Detailed Time Records Page 48 of 112 Date Attorney / Activity Hours Amount 8/17/2017 FDC Draft of to Jose Marin, president of the Official Committee of Retirees and draft of to group of professionals from Jenner and Blcok Segal and FTI Consulting regarding the subjects to be covered during the next meeting of the Committee (August 23,2017); read reply from M. Root; and draft of to Jose Marin confirming the hour of the meeting. 8/17/2017 FDC Received telephone calls from attorney Ataveira Mela, retiree Wilfredo Fontanez and Wanda Real regarding notifications mailed to creditors of the Commonwealth of Puerto Rico and if they are represented by the Official Committee of Retirees under Title III of PROMESA. 8/17/2017 FDC Draft of minutes and review of documents for the August 8, 2017 meeting of the Official Committee of Retirees. 8/17/2017 FDC Read memorandum titled /17/2017 FDC Read order certifying matters to the attorney general of the United States, August 17, /17/2017 FDC Rad order scheduling briefing and hearing in connection with the Aurelius Motions, August 17, 2017 by Judge Swain. 8/17/2017 FDC Read reference to Magistrate Judge Judith Dein for general pre-trial management, August 17, Page 35 of 56

80 Exhibit C- Detailed Time Records Page 49 of 112 Date Attorney / Activity 8/17/2017 AJB Follow up with F. Del Castillo on agenda for next meeting of the ORC; Review of motions filed and orders issued via the ECF sysem. Follow up on filing of informative motion on behalf of ORC re: August 23 hearing; continued review of pleadings in the Lex calims-cofina litigation. Research on Commonwealth constitutional issues in light of Cofina dispute. Examined Marchand proposal. 8/17/2017 FDC Read motion from oversight and management board to dismill plaintiffs (UPR-RUM Pipfessors) complaint pursuant to Fed R. Civ. P 12(b)(1) and (B)(6), filed August 16, /17/2017 FDC Read order amending case management procedures, August 17,2017 by Judge Swain. 8/18/2017 FDC Review of ffaft of Consulting Services Proposal by Marchand ICS Gorup (Public Relations Firm selected by the Official committee). 8/18/2017 AJB Received and examined second amended notice, case management administrative procedures; order certifying matters to the attorney General of the US re challenge to consitutionality of appointment of PROMESA Board ( ); order scheduling briefing and hearing on consitutional challenge; reviewed motions filed and orders entered via the EDF system; motion from UCC to Magistrate J. Gaid Dein on August 22 hearing; motion of the National Public Finance Corp.; related motions. Hours Amount , Page 36 of 56

81 Exhibit C- Detailed Time Records Page 50 of 112 Date Attorney / Activity Hours Amount 8/18/2017 AJB Received and examined UCC's Omnibus reply to objections and responses to UCC's motion for order under Bankrupcty Rule 2004 re discovery. Conference with F. Del Castillo on minutes of last meeting of ORC and agenda for next Wednesday's meeting; conference with H. Mayol to review and discuss calendar of mediation events. Conference with C. Ramirez re resesarch. 8/18/2017 AJB Received and examined notice of the FOMB re Centro de Periodismo Investigativo; informative motion of GO Group; UCC notice re hearing. Received and examined correspondence from R. Gordon on public statements made by the Rosello administration payments to GO bondholders, suppliers and pensions. 8/18/2017 FDC Read omnibus reply of Official Committee of Unsecured Creditors to various objections and responses to committee motion for order, under Bankruptcy Rule 2004, authorizing discovery program with respect to certain causes of Puerto Rico financial crisis, filed August 18, /18/2017 FDC Conference call with Jorge Marchand of Marchand ICS Group, Robert Gordon, Catherine Steege and Melissa Root from Jenner & Block LLP and Hector Mayol, about the Consulting Services Proposal. 8/18/2017 HMK T/c with R. Gordon, M. Root, F. del Castillo with Jorge Marchand to discuss service contract terms and conditions Page 37 of 56

82 Exhibit C- Detailed Time Records Page 51 of 112 Date 8/18/2017 8/18/2017 8/18/2017 8/18/2017 8/19/2017 8/19/2017 Attorney / Activity FDC Continued draft of minutes, review of documents and translation to English of minutes for the August 8, 2017 meeting of the Official Committee of Retirees; T/c with Milagros Acevedo, Secretary of the Official Committee, about the minutes of August 8,2017. FDC Read and attachment from M. Root with draft of agenda for the August 23,2017 meeting of the Official Committee of Retirees; draft of to Jose Marin about draft of agenda; draft of reply to M. Root with changes to the agenda; read 2nd from M. Root with additional changes to the agenda; draft and translation of agenda; draft of to the members of the Official Committe attaching the agenda and minutes of the August 8, 2017 meeting. HMK Read and attachment from M. Root with draft of agenda for the August 23,2017 meeting of the Official Committee of Retirees; read 2nd e- mail from M. Root with additional changes to the Agenda; draft of to the members of the Official Committee attaching the agenda and minutes of the August 8,2017. HMK Review of documents and meeting of the Official Committee of Retirees; T/c with Milagros Acevedo, Secretary of the Official Committee, about the minutes of August 8, FDC Read reply in further suppport of Confina Senior Parties' urgent motion regarding discovery disputes and for a pretrial hearing pursuant to Fed. R. Bankr. P 7016, filed August 18,2017. FDC Read order for reference to Magistrate Judge, August 18,2017 by Judge Swain. Hours Amount , Page 38 of 56

83 Exhibit C- Detailed Time Records Page 52 of 112 Date Attorney / Activity Hours Amount 8/19/2017 FDC Draft and attachment of several documents to the members of the Official Committee of Retirees and CC to teams of professionals. 8/19/2017 HMK Read review and comment on agenda for 8/23 committee meeting and minutes of prior meeting. 8/19/2017 HMK Read order for reference to Magistraste Judge, August 18,2017 by Judge Swain. 8/19/2017 HMK Read reply in further support of Cofina Senior Parties'urgent motion regarding discovery disputes and for a pretrial hearing pursuant to Fed. R. Bankruptcy P. 7016, filed August 18, /21/2017 FDC Meeting with Luis Benabe from The Marketing ,00 Center and Jorge Marchand from Marchand ICS Group to discuss the preparation of a socioeconomic study of retirees. 8/21/2017 FDC Draft to Luis Benabe from The Marketing Center and the attachment of several documents (actuarial reports from the 3 retirement systems and 2 studies regarding retirees in Puerto Rico) in order for him to make a proposal of services. 8/21/2017 HMK Read FDC to Luis Benabe from the marketing center with attachment in order for him to make a proposal of services. 8/21/2017 HMK T/c with Professionals (Jenner & Block Team/Segal Team/FTI Consulting and Bennaar, Garcia & Milian Team) of the Official Retiree of Employees of the Commonwealth of Puerto Rico. 8/21/2017 HMK Meeting with Stuart Wohl of Segal Co. at Mi Salud to learn about eligibility and benefits of medicaid equivalent plan. Luz Cruz, director and Walter Dobek Deputy Director Page 39 of 56

84 Exhibit C- Detailed Time Records Page 53 of 112 I Date Attorney / Activity 8/21/2017 HMK Meeting at Triple-S with S. Wohl (Segal), Dorelisse Juarbe, Nanette Vargas and Gustavo Perez of Triple-S to leam about health plans available to Retirees - Law 95 and Medicaid. 8/21/2017 HMK Meeting with S. Wohl-Segal to discuss Puerto Rico pension laws benefits health benefits and composition and mission of Retirees Committee. 8/21/2017 HMK Meeting with Stuart Wohl and MMM with Dr. Raul Montalvo, president of MMM MSO to leam about their benefits to Retirees with and without Medicare. 8/21/2017 FDC Conference call with professionals (Jenner & Block team/segal team/fti Consulting team and Bennazar, Garcia & Milidn team) of the Official Retiree of Employees of the Commonwealth of Puerto Rico. 8/21/2017 FDC Motion to dismiss plaintiffs'complaint pursuant to Fed. R. Civ. P. 12(B)(1) and 12(B)(6) by the Financial Oversight and Management Board for Puerto Rico, filed August 21, /21/2017 FDC Read adversary complaint by the American Federation of State, County and Municipal Employees on behalf of SPU, filed August 22, /21/2017 AJB Participated in teleconference with the ORC professional team: Jenner, Segal, FTI and BGMCSP. 8/22/2017 FDC Read from M. Root regarding the memorandum to the Official Committee of Cases under Title III PROMESA; draft response. Hours Amount , Page 40 of 56

85 Exhibit C- Detailed Time Records Page 54 of Date Attorney / Activity Hours Amount 8/22/2017 FDC Read from M. Root regarding the memorandum to the Official Committee of Cases under Title III of PROMESA; draft response. 8/22/2017 FDC Review and translation to Spanish of memorandum to the Official Committee of Cases under Title III of PROMESA prepared by Jenner & Block and for distritubion to retirees. 8/22/2017 HMK Read adversary complaint by the American Federation of State, County and Municipal Employees on behalf of SPU, filed August 22, /22/2017 HMK Review memorandum to the Official Committee of Cases under Title El of PROMESA prepared by Jenner & Block and for distribution to retirees. 8/22/2017 HMK Read Employees Retirement System of the Government of the Commonwealth of Puerto Rico's answer to defendants' counterclaims, filed August 22, /22/2017 HMK Meeting with Stuart Wohl at ASES Puerto Rico Health Insurance Benefits Administration: Manuel Tristani Benefits Director; Carlos Guzman - Law 95 Benefits Administrator. Discussed and understand benefits to Government active and retirees. 8/22/2017 HMK , Discussion with S. Wohl-Segal about PR Health System benefit plans retirement systems PROMESA Official Committee requirements and strategy. 8/22/2017 HMK Meeting Stuart Wohl-Segal with MCS, Roberto Pando, president of MCS Salud and Carlos de Jesus VP. Discussed MCS Advantage and Medicaid offerings to retirees and health care funding prospects Page 41 of 56

86 Exhibit C- Detailed Time Records Page 55 of 112 Date Attorney l_ Activity Hours Amount 8/22/2017 AJB Reviewed documents for tomorrow's meeting of , /22/2017 the ORC. Several conferences throughout day with F. Del Castillo and H. Mayol. Reviewed pleadings filed and orders issued. FDC Draft and attachment of document to J /22/2017 Marchand regarding study titled "Perfil del Pensionado del Gobiemo de Puerto Rico ". FDC Read Employees Retirement System of the /23/2017 Government of the Commounwealth of Puerto Rico's answer to defendants' counterclaims, filed August 22, 2017, FDC Draft to M. Root regarding memoranduym /23/2017 of status of PROMESA cases. HMK T/C with Committee Chair Jos6 Marin and F. del /23/2017 Castillo to review agenda items for Committee meeting. HMK T/c with Jos6 Marin, president of ORC and F. Del /23/2017 Castillo regarding adversary complaint filed by the American Federation of State, County and Municipal Employees on behalf of SPU filed August 22, HMK T/c with Jose Marin, president of ORC, Jorge /23/2017 Marchand of Marchand ICS Group and F. Del Castillo regarding the next steps to be taken regarding the communication strategy of the Committee. HMK Attend Committee Meeting (All professionals and , /23/2017 members). HMK T/c with Jenner professionals and F. del Castillo. Discussed AFSCME motion and possible options to present to the Committee Page 42 of 56

87 Exhibit C- Detailed Time Records Page 56 of Date Attorney / Activity Hours Amount 8/23/2017 HMK T/c with F. del Castillo, Jose Marin and Jorge Marchand to discuss web page possible retirees survey, 8/23/2017 AJB Attended ORC meeting , /23/2017 FDC Read objection to defendants'urgent motion for an order extending their time to respond to plaintiffs adversary complaint by ERS Secured Creditors, filed August 23, /23/2017 FDC Read from B. Gordon regarding the Retiree Committee website. 8/23/2017 HMK T/C with B. Gordon, R. Levin, C. Steege, M. Root and F, del Castillo about adversary complaint filed by the American Federation of State, County and Municipal Employees on behalf of SPU, filed August 22,2017, and the discussion of the complaint with the Retiree Committee. 8/23/2017 AJB Worked on memorandum to R. Levin on PR Constitutional law issues re Cofina. 8/23/2017 FDC Read from J. Marchand about the domains for the Retiree Committee website. 8/23/2017 FDC T/c with B. Gordon, R. Levin, C. Steege, M. Root and H. Mayol about adversary complaint filed by the American Federation of State, county and Municipal Employees on behalf of SPU, filed August 22,2017, and the discussion of the complaint with the Retiree Committee. 8/23/2017 FDC T/c with Jose Marin, president of Retirement committee, and H. Mayol regarding the agenda and issues to discuss during the meeting. 8/23/2017 FDC Preparation for the August 23,2017 meeting of Official Retiree Committee (coordination with secretaries, documents and materials) , Page 43 of 56

88 Exhibit C- Detailed Time Records Page 57 of 112 Date Attorney / Activity Hours Amount 8/23/2017 FDC T/c with Jose Marin, President of Retirement committee, Jorge Marchand of Marchand ICS Group and H. Mayol regarding the next steps to be taken regarding the communication strategy of the Committee. 8/23/2017 FDC Attended meeting of the Official Committee or Retirees. 8/23/2017 FDC Read from R. Gordon regarding the presence of the lawyers of the American Federation of State, County and Municipal Employees during the next Official Committee meeting. 8/23/2017 FDC Read order setting procedures for interim compensation and reimbursement of expenses of professionals, August 23,2017, Judge Swain. 8/23/2017 FDC memorandum of laws and cases regarding pension benefits. 8/24/2017 HMK T/c with Jenner & Block team, FDC, A. J. Bennazar to review agenda for mediation sessions in NY, topics for mediation statement. 8/24/2017 AJB Participated in teleconference with Jenner team, F Del Castillo and H. Mayol on mediation memoranda on behalf of ORC. 8/24/2017 AJB Continued providing support to R. Levin on ORC , memorandum on the GO-COFINA dispute. Researched additional P.R case law. 8/24/2017 HMK Wrote to S. Wohl-Segal on Triple-S meeting on 8/21. 8/24/2017 HMK Read A. J. Bennazar memo on constitutional issues related to GO and COFINA bondholder claims. 1 Page 44 of 56

89 Exhibit C- Detailed Time Records Page 58 of 112 Date Attorney / Activity 8/24/2017 FDC Read interim order in respect of Rule 2004 Motion of Official Committee of Unsecured Creditors, August 24,2017 by Magistrate Judge Judith Gail Dein. 8/24/2017 FDC Read by B. Gordon regarding R. Benabe service proposal. 8/24/2017 FDC Read ERS, AAFAF, the Commonwealth of Puerto Rico and the FOMB's responses and objectios to defendants' motion to compel production of documents, filed August 24, /25/2017 FDC Read and reviewed Act "Ley para Garantizar el Pago a Nuestros Pensionados y Establecer un Nuevo Plan de Aportaciones Definidas para los Servicores Publicos", act that establishes de Pay Go System. Hours Amount /25/2017 HMK Read recent docket entries and motions /25/2017 HMK T/c with Luis Benabe and F. Del Castillo to discuss scope and contents of Retiree Survey to be conducted, discussed availability and sources of information. 8/25/2017 FDC Read from R. Levin regarding memorandum PR Constitution; read 2nd from R. Levin regarding same subject. 8/25/2017 FDC Read from L. Benabe regarding the study of social and financial condition of retirees; draft of e- mail reply to Mr. Benabe; read reply from L. Benabe; conference call with L. Benabe and H. Mayol regarding the study, sample of ertirees and how to obtain the information. 8/25/2017 FDC Read motion of National Public Finance Guarantee Corporation for entry of an order pursuant to Bankruptcy Rule 2004 authorizing discovery, filed August 25,2017. Page 45 of

90 Exhibit C- Detailed Time Records Page 59 of 112 Date Attorney / Activity Hours Amount 8/25/2017 FDC Read transcription of hearing before Judith Gail Dein, United States Magistrate Judge. United States District Court 1 Courtroom 18, Boston, Massachusetts 02210, August 22, /25/2017 FDC Read amended notice of appointment of Official Committee of Unsecured Creditors, August 25, 2017 by Guy G. Gebhardt, acting United States Trustee. 8/25/2017 FDC Read and attachments from A. J. Bennazar regarding Official PR Supreme Court texts of the cited cases, memorandum PR Constitution. 8/25/2017 FDC T/c with L. Benabe and H. Mayol regarding the retiree survey to be prepared and how to obtain the data. 8/25/2017 FDC Read from C. Steege and read and reviewed draft statement; read reply and attachment by R. Lellvin; read reply from H. Mayol; read reply from C. Steege. 8/25/2017 FDC Read joint motion by the Ad Hoc Group of General Obligation Bondholders, Assured Guaranty Corp. Assured Guaranty Municipal Corp. and The Mutual Fund Group for Order Authorizing Rule 2004 Examination, filed August 25, /25/2017 FDC Read from R. Gordon regarding mediation hearings ; read e- mail reply by S. Simms; read 2nd reply from R. Gordon; read reply by H. Mayol; read reply C. Steege; read 2nd reply by S. Simms; read 3rd reply by B. Gordon; read 3rd reply by S. Simms Page 46 of 56

91 Exhibit C- Detailed Time Records Page 60 of 112 Date Attorney / Activity Hours Amount 8/25/2017 AJB Continued legal research on PR Constitutional case , Reviewed opinions of the PR Secretary of Justice and records of the PR Constitutional Assembly. Forwarded cases to R. > Levin, 8/25/2017 FDC Read from J. Marchand regarding the domain of the web page for the Official Committee of Retirees. 8/25/2017 FDC Read and review memorandum on Puerto Rico Constitution, Article VI Sec. 2, by A, J. Bennazar and supporting cases. 8/25/2017 FDC Read notice of hearing on motion of Official Committee of Unsecured Creditors for leave to be heard and/or to intervene under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024, filed August 25, /25/2017 FDC Read reply in support of defendants' motion to compel production of documents, by ERS Bondholders,filed August 25, /26/2017 HMK Read docket entries and motions, orders issued on 8/25. 8/26/2017 HMK Read, reviewed and commented on /26/2017 HMK Read s from R. Gordon, C. Steege and R. Levin on Page 47 of 56

92 Exhibit C- Detailed Time Records Page 61 of 112 Date 8/26/2017 8/26/2017 Attorney / Activity FDC Read from A. J. Bennaar regarding PR Constitution Article VI - PROMESA; read 2nd e- mail from A. J. Bennazar; read reply by R. Levin. FDC Read from R. Levin regarding^ Hours Amount 0, /26/2017 AJB Continued to provide support to R. Levin on the ,800,00 8/26/2017 FDC Read from R. Levin regarding /27/2017 AJB Received and examined R. Gordon's draft of , Received and examined comments and edits proposed by L. Park of FTI Consulting; Received and examined comments and edits proposed by R. Levin, C. Steege, M. Root and R. 8/27/2017 FDC Read from Liz Parks, FTI Consulting regarding H (READ REPLY FROM R. Levin; read reply C. Steege; read 2nd reply from C. Steege and read and reviewed draft of changes to the documents Page 48 of 56

93 Exhibit C- Detailed Time Records Page 62 of 112 Date Attorney/Activity 8/27/2017 HMK Read various s by R. Levin, R. Gordon, M. Root with comments to C. Stooge dralt.h Hours Amount /27/2017 HMK /27/2017 FDC Read and attached documents by R. Gordon regarding read reply by R. Levin; read 2nd reply by R. Gordon; read reply by C. Steege and attachment; read 2nd reply to C. Steege; read 3rd reply by R. Levin; read 4th reply by R. Levin; read 3rd reply by B. Gordon. 8/28/2017 HMK Meeting with Robert Gordon (Jenner) in preparation for mediation sessions; discussed intervention in FOMB v. Rossello case. 8/28/2017 HMK Read summary of proposed revised fiscal plan by PRASA and FOMB letter to Rossello on ability to dismiss Boards of Directors. 8/28/2017 HMK Read daily docket and /28/2017 HMK Discussion with R. Gordon on intervention by OCR in FOMB lawsuit against governor Rossello. 8/28/2017 HMK Read motion of Ad Hoc Group of GO Bondholders for discovery under Section Discussion with Roberto Gordon on possible position by OCR Page 49 of 56

94 Exhibit C- Detailed Time Records Page 63 of 112 Date Attorney / Activity Hours Amount 8/28/2017 HMK Non working travel time San Juan to New York to , attend mediation sessions 8/28/2017 HMK Reviewed FDC and AJB work schedule and topics covered through 8/27/ /28/2017 FDC Flight to New York City for mediation sessions , /28/2017 AJB Received and examined from L. Park /28/2017 AJB Received and examined complaint in adversary proceeding (LTS) FOMB vs Rossello (Governor) for declaratory judgment and injunctions relief. Exchange of comments and observations with R. Gordon, R. Levin, C. Steege on basis for the ORC to file an interpleader to oppose the Fiscal Plan's proposed cuts to pensionns. 8/28/2017 AJB Received and examined 12 subpoenas served upon serveral Commonwealth officers and agencies and upon Rothschild & Co. in adversary Proceeding (LTS) by Kramer Levin in the COFINA- BNYM inteq?leader.[ /28/2017 FDC Read non-debtor defendants'supplemental reply in support of joint motion to dismiss plaintiffs complaint pursuant to Fed. R. Civ. P. 12(B)(1) and (B)(6), filed August 28,2017 by AAFAF Page 50 of 56

95 Exhibit C- Detailed Time Records Page 64 of 112! Date Attorney / Activity Hours Amount 8/28/2017 FDC Read adversary complaint for declaratory and injunctive relief by FOMB, filed August 28, /28/2017 FDC Read reply memorandum in support of motion to ,00 dismiss plaintiffs'complaint pursuant to Fed. R. Civ. P. 12(B)(1) and j(b)(6), file August 28,2017, by FOMB. 8/28/2017 FDC Read from B. Gordon regarding communication stragegy; read reply from J. Marchand. 8/29/2017 HMK 8/29/2017 AJB Further review and discussion of Adversary Proceedings complaint by FOBM vs Governor R. Rosselld and basis for interpleader on behalf of ORC; exchange of notes with R. Gordon and R. Levin. Received and examined note from M. Bienstock (Proskauer) rejecting proposed conference among counsel. Reviewed motions filed and orders entered as per the EFC System. Received and examined UCC request to intervene in BNYM interpleader. 8/29/2017 FDC 8/29/2017 FDC Read joint stipulation and scheduling order for Commonwealth COFINA Dispute, filed August 29, /29/2017 FDC Read urgent motion of Official Committee of Unsecured Creditors, in its capacity as agent for Commonwealth of Puerto Rico, for leave to intervene under 11 U.S.C. 1109(B) and/or Bankruptcy Rule 7024, filed August 29, , , , Page 51 of 56

96 Exhibit C- Detailed Time Records Page 65 of 112 Date Attorney / Activity 8/29/2017 FDC Read notice of hearing on motion of American Federation of State, County and Municipal Employees to Stay Proceeding or, in the alternative, (i) consolidated proceedings or (ii) for leave to intervene under federal rule of Bankruptcy Procedure Read motion of American Federation of State, County and Municipal Employees to Stay Proceedings or, in the alternative (i) consolidate proceedings or (ii) for leave to intervene under federal rule of Banjruptcy Procedure 7024, filed August 29, /29/2017 FDC Read amended notice of hearing on motion of American Federation of State, County and Municipal Employees to Stay Proceeding or, in the alternative, (i) consolidate proceedings or (ii) for leave to intervene under Federal Rule or Bankruptcy Procedure 7024, file August 29, /30/2017 FDC Read order scheduling expedited hearing on urgent motion of Official Committee of Unsecured Creditors, in its capacity as agent for Commonwealth of Puerto Rico, for leave to intervene under 11 U.S.C. 1109(B) and/or Bankruptcy Rule 7024, Augut 30, Magistrate Judge Dein. 8/30/2017 FDC Read notice of filing of creditor list for Puerto Rico Sales Tax Financing Corporation (COFINA) global notes and statement of limitations, methods, and disclaimers regarding the creditor list for the PR Sales Tax Financing Corporation, filed August 30, /30/2017 HMK Hours Amount , , Page 52 of 56

97 Exhibit C- Detailed Time Records Page 66 of 112 Date 8/30/2017 8/30/2017 8/30/2017 8/30/2017 Attorney / Activity AJB Received and examined stipulation and scheduling order for Commonwealth COFINA dispute; Further exchange of memoranda regarding complaint FOMB vs Governor; ORC will intervene. Exchange of correspondence with K. Nicoll (Segal), C. Steege, S. Gumbs (FTC, H, Mayol, R. Gordon, R. Levin on undertakings to obtain data from Milliman. Reviewed motion filed and orders issued as per the EFC System. FDC Read supplemental brief of financial oversight and management board for Puerto Rico in opposition to motion of Ad Hoc Group of PREP A Bondholders, National Public Finance Guaranty Municipal Corp. Assured Guaranty Corp.Assured Guaranty Municiapl Corp. and Syncora Guarantee Inc. fr relief from automatic stay, filed August 29, FDC Read notice of filing of creditor list for the Commonwealth of Puerto Rico / global notes and statement of limitations, methods, and diclaimers regarding the creditor list for the Commonwealth of Puerto Rico filed August 30,2017. Hours Amount , /31/2017 FDC 8/31/2017 FDC Read second amended notice of appointment of Official Committee of Unsecured Creditors, August 31, 2017 by Guy G. Gebhardt, Acting United States Trustee. 8/31/2017 FDC Read order regarding joint stipulation and scheduling order for Commonwealth- COFINA dispute, August 31, 2017 by Judge Swain , Page 53 of 56

98 Exhibit C- Detailed Time Records Page 67 of 112 Date Attorney/ Activity Hours Amount 8/31/2017 FDC Draft to M. Root regarding the September 5,2017 Official Retiree Committee meeting; read reply from M. Root. 8/31/2017 HMK , /31/2017 AJB Reviewed motion to inform filing of Commonwealth list of creditors; examined motion to inform filing of the Cofina creditor list. Review of the motions filed and orders issued as per the ECF system. T/C with HMK in NYC at the mediation sessions. Exchange of notes with Sgt. J. Marin and other members of the ORC on Committee meeting scheduled for next Tuesday. Follow up on agenda and minutes of prior meeting. 8/31/2017 FDC Draft of to J. Marin, President, regarding agenda of the September 5,2017 Official Retiree Committee Meeting; read reply from J. Marin; draft of reply to to J. Marin and modification of the agenda; read reply from J. Marin; draft of reply to to J. Marin; read reply from J. Marin and draft of reply and final modification to agenda. 8/31/2017 AJB Reviewed memorandum from F. del Catillo on financial report on ERS of the P.R. Electric Power Authority; exchange of correspondence re: same with R. Levin, F. del Castillo, K. Nicholl (Segal) and C. Steege. 8/31/2017 FDC Read fromr, Levin about the agenda to be sent by Judge Houser for the next mediation meetings. 8/31/2017 FDC Read from R. Levin about and the role of the Official Retirement Committee Page 54 of 56

99 Exhibit C- Detailed Time Records Page 68 of 112 Date Attorney / Activity 8/31/2017 FDC 8/31/2017 FDC Read from C. Steege regarding progress on Milliman disclosures; read reply by R. Levin; read 2nd and reply by C. Steege. Flight from New York to Puerto Rico after mediation sessions. Hours Amount SUBTOTAL: $124, Page 55 of 56

100 Exhibit C- Detailed Time Records Page 69 of 112 BENNAZAR, GARCÍA & MILIÁN, C.S.P. APARTADO POSTAL NÚM.212 SAN JUAN, PUERTO RICO Teléfono: (787) Fax: (787) Núm. S.S October 30, 2017 Invoice # OFFICIAL COMMITTEE OF RETIRED EMPLOYEES P/C MR. JOSE MARIN, CHAIRPERSON RE: COMMONWEALTH OF PUERTO RICO CASE NUMBER 17-BK (D.P.R.) FOR PROFESSIONAL SERVICES RENDERED THROUGH SEPTEMBER 30, 2017 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT CASE ADMINISTRATION/MISCELLANOUS (MATTER NUMBER 10008) 09/06/17 AJB Follow up with R. Gordon on ORC professionals fee invoices; Received and examined exchange of correspondence between R. Gordon (ORC) and Suzzanne Uhland (AAFAF); Received and examined letter of R. Gordon to AAFAF director Gerardo Portela. Received and examined motion to submit Master Service list by attorney G. Olivera Dubón and noticed BGM, CSP is not included. Note to H. Mayol and F. del Castillo. 09/08/17 AJB Exchange of notes with H. Mayol and C. Steege on distribution of chores for next week, including ORC next meeting and attendance at /10/17 AJB Wrote memorandum to Gabriel Oliveras Dubón (O & B) to follow up on the updated Title III cases service list; received automatic response. Note to H. Mayol and R. Gordon. Exchange of notes with C. Steege and F. del Castillo on /11/17 HMK Meeting with AJB to review staffing and topic assignment to legal staff Page 1 of 44

101 Exhibit C- Detailed Time Records Page 70 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/16/17 HMK Read memorandum SUB TOTAL EMPLOYMENT OF PROFESSIONALS AND FEE APPLICATIONS (MATTER NUMBER 10016) 09/30/17 HMK Preparing September Fee Application for H Mayol SUB TOTAL COMMITTEE GOVERNANCE AND ATTENDANCE AT MEETINGS (MATTER NUMBER 10024) 09/01/17 FDC Draft of minutes in Spanish and English of the August 23, 2017 meeting of the Official Committee of Retirees /01/17 AJB Several telephone conferences and exchange of notes with Sgt. Marín and F. del Castillo on setting up ORC meeting for next Tuesday. Reviewed draft of minutes of August 23 meeting prepared by F. del Castillo. Reviewed and revised proposed agenda for next Tuesday's meeting. 09/01/17 FDC Draft of (.1) to M. Root regarding the minutes of the August 23, 2017 meeting of the Official Committee of Retirees; read reply (.1) and attachment with comments (.1) to the minutes /01/17 FDC Read by Jose Marin, President, giving final ok to the draft of agenda for the September 5 meeting /01/17 FDC Draft of to all members of the Official Committee of Retirees and all professional teams, including the agenda for the September 5, meeting and the draft of minutes from the August 23 meeting Page 2 of 44

102 Exhibit C- Detailed Time Records Page 71 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/04/17 AJB Further preparation for tomorrow's ORC meeting. Reviewed final drafts of prior meeting minutes and agenda; exchange of correspondence and notes with F. del Castillo, Sgt. Marín, R. Gordon on need to reschedule meeting, now tentatively set for October /04/17 FDC Read (.1) from R. Gordon regarding the Retiree Committee/ PREPA composition; read reply (.1) by R. Levin; read 2 nd e- mail (.1) from R. Gordon /04/17 FDC Received message (.1) from Jose Marin, President, regarding the cancelation of the September 5, 2017 meeting of the Official Committee of Retirees; read (.1) from A Bennazar regarding the cancelation; read reply (.1) by R. Levin; read reply (.1) by R. Gordon. 09/05/17 AJB Exchange of correspondence and notes, T/C with Sgt. Marín, F. del Castillo, R. Gordon re: re-scheduling of next ORC meeting and modification of agenda. 09/10/17 AJB Exchange of notes with F. del Castillo and R. Gordon on next ORC meeting logistics and agenda. 09/10/17 FDC Read from R. Gordon regarding the schedule of the next Official Committee meeting. 09/10/17 HMK Read from R. Gordon regarding the schedule of the next Official Committee meeting /11/17 HMK Read various s and responded on survey of Committee members available to. 09/12/17 FDC Draft of to Jenner & Block legal team regarding the responses of the members of the Official Committee of Retirees to attend to. Page 3 of 44

103 Exhibit C- Detailed Time Records Page 72 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/13/17 AJB Further exchange of notes with F. del Castillo on responses by individual ORC members to availability survey /14/17 FDC Preparation of Agenda (.2) for the September 19, 2017 meeting of the Official Committee and draft of (.1) to legal team with new agenda and attachments; /14/17 AJB Received and exmained revised agenfa for September 19 ORC meeting conference with F. del Castillo, to discuss results of survey of individual committee members on availability to participate in. Exchange of 09/14/17 FDC Draft of (.1) and preparation of attachments (.2) regarding the responses of members of the Official Committee to participate ; read reply (.1) by R. Levin; read reply (.1) by R. Gordon; read 2 nd reply (.1) by R. Levin; draft of reply (.1); read 3 rd reply (.1) by R. Levin; telephone call with J. Marin (.1) regarding sending to Committee Members; draft of (.1) to J. Marin attaching contact list; draft of (.2) to all Committee Members regarding their prior professional experience. 09/14/17 FDC Read (.1) from H. Mayol regarding the Order Establishing Deadlines and Procedures for Filing Proofs of Claim; draft of (.1) reply to H. Mayol and legal team; read reply (.1) from C. Steege. 09/14/17 FDC Read (.1) from H. Mayol regarding motion of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Service Employees International Union and American Federation of Teachers, AFL-CIO to Intervene Under Federal Rule of Bankruptcy Procedure 7024 filed in adversary proceeding (Docket No. 10); draft of (.1) reply to H. Mayol and legal team. 09/14/17 FDC Draft of (.1) to committee members regarding their prior occupations; read reply (.1) from J. Ortiz; read reply (.1) by M. Lopez Page 4 of 44

104 Exhibit C- Detailed Time Records Page 73 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/15/17 AJB Received from F. del Castillo memorandum with final drafts of english and spanish texts of agenda for September 19 ORC meeting and final drafts in spanish and english of August 23 minutes. Exchange of notes throughout day with F. del Castillo, H. Mayol, R. Gordon and Sgt. Marín on logistics for the next ORC meeting. Exchange of correspondence regarding same with Jenner team. Received and examined correspondence from Marchand ISC Group on ORC public realtions and communications in general to all Commonwealth of P.R. pensioners. Received and examined further correspondence from individual ORC members on. Received and examined Marchand cost quote and response of SGT. Marín. 09/15/17 FDC Read from F. Díaz from Marchand ICS Group regarding several issues related to public relations of the Official Committee /15/17 FDC Conference Call with Jenner & Block, FTI Consultants & Segal regarding /15/17 FDC Read (.1) from M. Root regarding the new draft of the agenda; draft of and amendment (.2) to the agenda of the September 19, 2017 meeting of the Official Committee; draft of e- mail to J. Marin (.1) for approval of Agenda; draft of (.2) to Committee Members and all professionals with the agenda and attachments. 09/15/17 FDC Read reply (.1) from M. Acevedo to committee members regarding their prior occupations; read reply (.1) by C. Núñez; read reply (.1) by R. Pacheco; read reply (.1) by J. Ortiz. 09/15/17 FDC Read and review of attachment from M. Rivera of Marchand ICS team regarding the website for the Official Committee of Retirees Page 5 of 44

105 Exhibit C- Detailed Time Records Page 74 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/17/17 FDC Draft of (.1) to members of the Official Committee regarding their prior professions; Prepared (.5) amended contact list of members of the Official Committee with their prior occupations. 09/18/17 AJB Exchange of correspondence with ORC members and F. del Castillo on re-scheduting ORC meeting originally set for tomorrow; Examined correspondence from F. del Castillo to R. Levin on ORC individual members' information on background and availability. Received memorandum from R. Gordon on Marchand's proposed web page for ORC SUB TOTAL , COMMUNICATIONS WITH RETIREES (MATTER NUMBER 10032) 09/11/17 HMK Read s from R Levin and C Steege on Retirees question on proposed Bar Dates; redacted language of notice to Retirees /13/17 HMK Redact and edit proposed notice to all Retirees with information on actions needed to protect their claims and interests /13/17 HMK Read memo from F del Castillo with result of survey of Committee members on availability to travel and participate in /14/17 HMK Read from R Levin requesting further information from Committee members SUB TOTAL HEALTHCARE/OPEB ANALYSIS (MATTER NUMBER 10040) 09/13/17 HMK Met with Stuart Wohl and staff from Segal to receive briefing on healthcare alternatives to PR Retirees. Jenner Team Page 6 of 44

106 Exhibit C- Detailed Time Records Page 75 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT SUB TOTAL PENSION ANALYSIS (MATTER NUMBER 10059) 09/05/17 FDC Read and review the /10/17 FDC Read from R. Gordon regarding the Assets transferred from ERS /10/17 HMK Read from R. Gordon regarding the Assets transferred from ERS /11/17 AJB Received and examined exchange of correspondence between R Gordon, H. Mayol, F. del Castillo on issue regarding assets transferred from ERS to Commonwealth of P.R. Also exchange of correspondence on claims bar dates and on actuarial data provided by Milliman. 09/11/17 FDC Draft of (.3) to R. Gordon and legal team regarding the Assets transferred from ERS; read reply (.1) by R. Gordon; read e- mail reply (.1) by C. Steege; read 2 nd reply (.1) by R. Gordon; draft of 2 nd (.2) to R. Gordon and legal team; read 3 rd reply (.1) by R. Gordon; read 2 nd reply (.1) by C. Steege; read reply (.1) by H. Mayol /11/17 FDC Read (.1) from C. Steege regarding Claims Bar Date Motion; read reply (.1) from R. Levin; read 2 nd (.1) from C. Steege; read 2 nd (.1) from R. Levin. 09/11/17 FDC Read (.1) from C. Steege regarding PRGERS file posted; read e mail reply (.1) from R. Gordon Page 7 of 44

107 Exhibit C- Detailed Time Records Page 76 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/11/17 HMK Draft of (.3) to R. Gordon and legal team regarding the Assets transferred from ERS; read reply (.1) by R. Gordon; read e- mail reply (.1) by C. Steege; read 2nd reply (.1) by R. Gordon; draft of 2nd (.2) to R. Gordon and legal team; read 3rd reply (.1) by R. Gordon; read 2nd reply (.1) by C. Steege. 09/11/17 HMK Read (.1) from C. Steege regarding Claims Bar Date Motion; read reply (.1) from R. Levin; read 2nd (.1) from C. Steege; read 2nd (.1) from R. Levin. 09/11/17 HMK Answer s from R Gordon & C Steege on availabilty of ERS actuarial data provided by Milliman. 09/14/17 HMK Research Law and related documents on pension reforms, including actuarial assumptions. Forward documents to F del Castillo for further research /18/17 FDC Draft of comments to /25/17 FDC Read and attachment by L. Park regarding PR - follow up on Pension in Fiscal Plan. 09/25/17 HMK Read and attachment by L. Park regarding PR - follow up on Pension in Fiscal Plan SUB TOTAL , CONTESTED MATTERS, GO/COFINA (MATTER NUMBER 10075) 09/02/17 AJB Exchange of notes with F. del Castillo; received and examined joint informative motion of B. Whyte (agent for Cofina) and UCC re: amended joint stipulation and rescheduling order; motion of National Public Finance Guarantee Corp. UCC several motions for leave to be heard; amended joint stipulation and sheduling order; stipulation for exchange of conferences info and materials Page 8 of 44

108 Exhibit C- Detailed Time Records Page 77 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/02/17 FDC Read Joint Informative Motion of Bettina Whyte, in her Capacity as Agent for Puerto Rico Sales Tax Financing Corporation (COFINA), and Committee of Unsecured Creditors in its Capacity as Agent for Commonwealth of Puerto Rico Regarding Amended Joint Stipulation and Scheduling Order for Commonwealth-COFINA Dispute, filed 9/1/17. Case No. 17 BK 3283-LTS. 09/02/17 FDC Read Notice of Hearing on Motion of National Public Finance Guarantee Corporation for entry of an Order Pursuant to Bankruptcy Rule 2004 Authorizing Discovery, filed 9/1/17. Case No. 17 BK 3283-LTS. 09/02/17 FDC Read Notice of Hearing on Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 / Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 filed 9/1/17. Case No. 17-BK-3283 (LTS); Adv. Proc. No (LTS) in 17-BK-3283 (LTS). 09/02/17 FDC Read Notice of Hearing on Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 / Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 filed 9/1/17. Case:17-09/02/ LTS Doc#:24 Filed:09/01/17 FDC Read Notice of Hearing on Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 / Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:18 Filed:09/01/17. Page 9 of 44

109 Exhibit C- Detailed Time Records Page 78 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/02/17 FDC Read Notice of Hearing on Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 / Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:69 Filed:09/01/17. 09/02/17 FDC Read Amended Joint Stipulation and Scheduling Order for Commonwealth-COFINA Dispute, filed 9/1/17. Case No. 17 BK LTS /02/17 FDC Read Stipulation and Order for the Production and Exchange of Confidential Information / Agreement to Respect Confidential Material, filed 9/1/17. Case No. 17 CV 1685-LTS; No. 17 BK LTS; No. 17 AP 213-LTS. 09/02/17 HMK Read Notice of Hearing on Motion of National Public Finance Guarantee Corporation for entry of an Order Pursuant to Bankruptcy Rule 2004 Authorizing Discovery, filed 9/1/17. Case No. 17 BK 3283-LTS. 09/02/17 HMK Read Notice of Hearing on Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 / Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule 7024 filed 9/1/17. Case No. 17-BK-3283 (LTS); Adv. Proc. No (LTS) in 17-BK-3283 (LTS) /02/17 HMK Read Stipulation and Order for the Production and Exchange of Confidential Information / Agreement to Respect Confidential Material, filed 9/1/17. Case No. 17 CV 1685-LTS; No. 17 BK LTS; No. 17 AP 213-LTS Page 10 of 44

110 Exhibit C- Detailed Time Records Page 79 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/04/17 AJB Exchange of notes and T/C with H. Mayol, F. del Castillo, Jenner team re: proposed adjournment of the October 4 omnibus hearing /05/17 AJB Received and examined final text of ORC motion on proposed adjournment of October 4 omnibus hearing; exchange of notes with C. Steege; note to F. del Castillo; Received motion by National Public Finance Guarantee Corp re: discovery; Received and examined fee statement of Paul Hastings and discussed with F. del Castillo; received and examined AAFAF's motion on reservation of rights. 09/05/17 FDC Read Informative Motion of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico Regarding the Proposed Adjournment of the October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1364 Filed:09/26/17. 09/05/17 FDC Read Notice Regarding Hearing on Motion of National Public Finance Guarantee Corporation for Entry of an Order Pursuant to Bankruptcy Rule 2004 Authorizing Discovery, by Judge Swain 9/5/17. Case No. 17 BK 3283-LTS /05/17 FDC Read the Puerto Rico Fiscal Agency and Financial Advisory Authority s Objection and Reservation of Rights with Respect to Paul Hastings LLP s Monthly Fee Statement, filed 9/5/17. Case No. 17 BK 3283-LTS /06/17 FDC Read Order Clarifying Briefing Schedule in Connection with the Aurelius Motions and UTIER Adversary Proceeding, by Judge Swain, 9/6/ /06/17 FDC Read Order Setting Briefing Schedule by Judge Swain, entered 9/6/17. Case No. 17 BK 3283-LTS; Adv. Proc. No LTS /06/17 AJB Received and examined Judge Swain's order on briefing of adversary proceedings; order setting schedules; Urgent motion on reservation of rights by AAFAF regarding upcoming deadlines Page 11 of 44

111 Exhibit C- Detailed Time Records Page 80 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/06/17 FDC Read Urgent Informative Motion Regarding Hurricane Irma and Reservation of Rights with Respect to Upcoming Deadlines, by AAFAF filed 9/6/17. Case No. 17 BK 3283-LTS; No. 17 BK 4780-LTS /08/17 FDC Objection of Bettina M. Whyte, in Her Capacity as Agent for the Puerto Rico Sales Tax Financing Corporation (COFINA), to the Motions of Official Committee of Unsecured Creditors, in its Capacity as Agent for Commonwealth of Puerto Rico, (1) For Leave to Intervene Under 11 U.S.C. 1109(B) and/or Bankruptcy Rule 7024 and (2) For Clarification of May 30, 2017 Interpleader Order. Case: LTS Doc#:375 Filed:09/08/17. 09/08/17 FDC Read Objection of The Bank of New York Mellon, as Trustee, to the Urgent Motion of Official Committee of Unsecured Creditors, in its Capacity as Agent for Commonwealth of Puerto Rico, for Leave to Intervene Under 11 U.S.C. 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:376 Filed:09/08/17 09/08/17 FDC Read Objection of the COFINA Senior Bondholders Coalition and National Public Finance Guarantee Corporation (The COFINA Senior Parties ) to the Urgent Motion of Official Committee of Unsecured Creditors, in its Capacity as Agent for Commonwealth of Puerto Rico, for Leave to Intervene Under 11 U.S.C. 1109(B) and Bankruptcy Rule Case: LTS Doc#:377 Filed:09/08/17. 09/08/17 FDC Read Opinion and Order Denying Motion for Preliminary Injunction and Motion for Relief from the Automatic Stay. Case: LTS Doc#:260 Filed:09/08/ /08/17 FDC Read AMBAC Assurance Corporation s Objection to Urgent Motion of the Official Committee of Unsecured Creditors for Leave to Intervene. Case: LTS Doc#:378 Filed:09/08/ /08/17 FDC Read and review of Complaint filed by Official Committee of Unsecured Creditors vs. COFINA agent. Case: LTS Doc#:1254 Filed:09/08/ Page 12 of 44

112 Exhibit C- Detailed Time Records Page 81 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/11/17 AJB Exchange of correspondence with R. Levin, C. Steege and R. Gordon on P.R. perfection of liens issue in relation to applicable provisions of PR law. Conference with H. Mayol, F. del Castillo and C. Ramírez re: same. Further inquiry with C. Ramírez on P.R. versions of certain uniform commercial code provisions. 09/11/17 AJB Received and examined UTIERS's opposition to UCC request to intervene. Exchange of correspondence with Jenner team on ORC's motion for leave to intervene in cases 3283,3566-LTS. Received and examined Cofina's statement in support of application of 48 USC 2125 and related matters. 09/11/17 AJB Received and examined Cofina objection to UCC motions for leave to intervene and clasification of interpleader order; BNY-Mellon objection to UCC intervention; also the objections of Senior Cofina bondholders and AMBAC's 09/11/17 FDC Read (.1) Notice of Hearing on Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisors and Expert / Read (.2) Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisors and Expert, filed 9/11/17. Case No. 17 BK 3283-LTS /11/17 FDC Read Opposition of Unión de Trabajadores de la Industria Eléctrica y Riego (UTIER) to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:33 Filed:09/11/17. 09/11/17 FDC Read and review Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case No. 17 BK 3283-LTS; No. 17 BK 3566-LTS; Adv. Proc. No in 17 BK 3283-LTS. Doc#:14 Filed:09/11/17. 09/11/17 FDC Read Debtor s Opposition to Motion of Interamericas Turnkey, Inc., to Review and Stay, filed 9/11/17. Case No. 17 BK 3283-LTS; No. 17 BK 3567-LTS Page 13 of 44

113 Exhibit C- Detailed Time Records Page 82 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/11/17 FDC Read Statement in Support of COFINA Agent s Motion Pursuant to 48 U.S.C and 11 U.S.C. 105(A) For Order: (I) Confirming that 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals, filed 9/11/17. Case No. 17 BK 3283-LTS. 09/11/17 HMK Conference with AJB, FDC and C Ramirez on perfection of COFINA liens under Puerto Rico UCC /11/17 HMK Discussion with Governor Acevedo Vila on the initial structure of COFINA and bond lien strucutre. 09/11/17 HMK Read (.1) Notice of Hearing on Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisors and Expert / Read (.2) Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisors and Expert, filed 9/11/17. Case No. 17 BK 3283-LTS /11/17 HMK Read and review Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case No. 17 BK 3283-LTS; No. 17 BK 3566-LTS; Adv. Proc. No in 17 BK 3283-LTS. Doc#:14 Filed:09/11/ /11/17 HMK Read Opposition of Unión de Trabajadores de la Industria Eléctrica y Riego (UTIER) to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:33 Filed:09/11/ /11/17 HMK Read Statement in Support of COFINA Agent s Motion Pursuant to 48 U.S.C and 11 U.S.C. 105(A) For Order: (I) Confirming that 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals, filed 9/11/17. Case No. 17 BK 3283-LTS Page 14 of 44

114 Exhibit C- Detailed Time Records Page 83 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/12/17 AJB Received and examined AMBAC's motion re: Notice of hearing and procedural order; Motion for order establishing deadlines etc.; UCC motion in compliance with notice; UCC motion to intervene in adversary proceedings ( LTS); Motions to intervene of UAW and AFL-CIO; UCC motion to reply to various obejctions; Commonwealth response to Cofina's motion in 17-BK /12/17 FDC Read Informative Motion of Official Committee of Unsecured Creditors in Compliance with Notice Regarding Order Scheduling September 15, 2017 Expedited Hearing to Address Urgent Motion of Official Committee of Unsecured Creditors, in its Capacity as Agent for Commonwealth of Puerto Rico, for Leave to Intervene Under 11 U.S.C. 1109(B) and/or Bankruptcy Rule 7024, filed 9/12/17. Case No. 17-BK-3283 (LTS); Adv. Proc. No (LTS). 09/12/17 FDC Read Motion for Order (A) Establishing Deadlines and Procedures for Filing Proofs of Claim and (B) Approving Form and Manner of Notice Thereof / proposed Order, filed 9/12/17. Case No. 17 BK 3283-LTS; Case No. 17 BK 4780-LTS. Doc. 1, /12/17 FDC Read Notice of Hearing on Motion of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Service Employees International Union and American Federation of Teachers, AFL-CIO to Intervene Under Federal Rule of Bankruptcy Procedure 7024 / proposed Order, filed 9/12/17. Case No. 17-BK (LTS); Adv. No LTS. Doc /12/17 FDC Read Notice of Hearing, by the Commonwealth filed 9/12/17. Case No. 17 BK 3283-LTS; Case No. 17 BK 4780-LTS. Doc. 1, /12/17 FDC Read Reply to Various Objections to Urgent Motion of Official Committee of Unsecured Creditors, in its Capacity as Agent for Commonwealth of Puerto Rico, for Leave to Intervene Under 11 U.S.C. 1109(B) and/or Bankruptcy Rule 7024, filed 9/12/17. Case No. 17-BK-3283 (LTS); Case No. 17-BK-3284 (LTS); Adv. Proc. No (LTS) in 17-BK-3284 (LTS). Doc. 388 Page 15 of 44

115 Exhibit C- Detailed Time Records Page 84 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/12/17 FDC Read Response of Commonwealth Agent to Motion of COFINA Agent for Order Confirming that 48 U.S.C Applies to COFINA Agent / draft of Order, filed 9/12/17. Case No. 17-BK-3283 (LTS) /13/17 AJB Further exchange of notes with Jenner team on P.R. constitutional issues. Received and examined motion to intervene by UAW and AFL-CIO in adversary proceedings ; Notice of hearing and proposed order by the Commonwealth of P.R. (O & B) and status report of FOMB regarding UCC motion for order (Dkt. 1289); AMBAC's motion on discovery; Debtors entities' motion to amend case management order.. etc.; AMBAC's opposition to motion to dismiss, in cases 17BK3283 abd 3567; Urgent motion for extension of deadlines; Motion of US Trustee to appoint fee examiner; Order (LTS) granting motion to stripe (HTA bonds issue). Reviewed memorandum from F. del Castillo on Cofina bonds issue. 09/13/17 FDC Read AMBAC Assurance Corporation s Motion or Entry of Order Authorizing Discovery Under Bankruptcy Rule Doc#: 1,283 Filed:09/12/ /13/17 FDC Read Ambac Assurance Corporation s Opposition to Defendants Request for Judicial Notice. Case No. 17 BK 3283-LTS; No. 17 BK 3567-LTS; Adv. Proc. No LTS. Doc#:75 Filed:09/12/ /13/17 FDC Read Debtors Entities Motion to Amend Second Amended Notice, Case Management and Administrative Procedures to Further Revise Protocol for Stay Relief Motions. Case No. 17 BK 3283-LTS; No. 17 BK 4780-LTS Doc#:268 Filed:09/13/17. 09/13/17 FDC Read Plaintiff Ambac Assurance Corporation s Opposition to Motion to Dismiss Plaintiff s Complaint Pursuant To Fed. R. Civ. P. 12(B)(1) And (B)(6). Case No. 17 BK 3283-LTS; No. 17 BK 3567-LTS. Doc#:74 Filed:09/12/17. Page 16 of 44

116 Exhibit C- Detailed Time Records Page 85 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/13/17 FDC Read Plaintiffs (Assured Guaranty Corp.) Memorandum in Opposition to Defendants Motion to Dismiss the Amended Complaint Pursuant to Fed. R. Civ. P. 12(B)(1) And (B)(6). Case No. 17 BK 3283-LTS; No. 17 BK 3567-LTS; Adv. Proc. No LTS in 17 BK 3283 Adv. Proc. No LTS in 17 BK Doc#:70 Filed:09/12/17. 09/13/17 FDC Read Status Report of Financial Oversight and Management Board for Puerto Rico Regarding Motion of Official Committee of Unsecured Creditors for Entry of Order, Under Bankruptcy Rule 2004, Authorizing Discovery Program. Case LTS Doc#:1289 Filed:09/12/17. 09/13/17 FDC Read Informative Motion of Official Committee of Unsecured Creditors and Status Report Regarding Discovery Discussions, Renewed Request for Authorization of Discovery Under Bankruptcy Rule 2004, and Agreed Notice to Conduct Hearing on Motion at October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1284 Filed:09/12/ /13/17 FDC Read Urgent Motion for Extension of Deadlines in Connection with the Second Amended Notice, Case Management and Administrative Procedures. Case No. 17 BK 3283-LTS; No. 17 BK 4780-LTS Doc#:267 Filed:09/13/17 09/13/17 FDC Read Urgent Motion of the United States Trustee Pursuant to PROMESA Sections 316 And 317 and Bankruptcy Code Section 105(A) for Entry of Order Appointing a Fee Examiner and Related Relief. Case No. 17 BK 3283-LTS; No. 17 BK 4780-LTS Doc#:1296 Filed:09/13/17. 09/13/17 HMK Analyse F del Castillo memo on legal framework for initial COFINA Bond issuance /13/17 HMK Meeting with Jenner and FTI on /13/17 HMK Read order from Judge Swain granting Motion to Strike - HTA bonds are not secured by consensual lien under Article 9 of the UCC Page 17 of 44

117 Exhibit C- Detailed Time Records Page 86 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/13/17 HMK Read various s from R Gordon, R Levin, C Klein with further discussions on the issue of automatic perfection of the COFINA lien on sales tax. 09/14/17 AJB Received and examined memorandum from Olivia Hoffman (Jenner) with draft of the proposed notice of intervention by the ORC in adversary proceeding initiated by the UCC. Received and examined UCC's informative motion, reply to various objections and response to motion of Cofina agent in adversary proceedings 3283 and Also received and examined Urgent motion for extension of deadlines and Debtors entities' motion on case management procedures in adversary proceeding Received and examined opinion and order (LTS) denying motion of PREPA bondholders for relief of automatic stay; conference with F. del Castillo re: same. Received and examined exchange of correspondence between R. Levin, C. Klein, F. del Castillo on further review and discussion of the "automatic perfection" issue. Received order (LTS) granting Trustee's request to appoint a fee examiner and order granting extension of deadline. Received memorandum from C. Steege on deadlines to file p-o-c's. Received and examined notice of filing of supplemental declaration by UCC (Paul Hastings). 09/14/17 FDC Read Opinion and Order Denying Motion of Ad Hoc Group of PREPA Bondholders, Et Al., for Relief from the Automatic Stay (Docket Entry No. 74). Case: LTS Doc#:299 Filed:09/14/ /14/17 FDC Read Order Granting the Scheduling Aspect of the Urgent Motion of the United States Trustee Pursuant to PROMESA Sections 316 and 317 and Bankruptcy Code Section 105(A) for Entry of an Order Appointing a Fee Examiner and Related Relief to be Heard at the October 4, 2017 Hearing. 09/14/17 FDC Read Order Granting Urgent Motion for Extension of Deadlines in Connection with the Second Amended Notice, Case Management and Administrative Procedures. Case: LTS Doc#:1307 Filed:09/14/17. Page 18 of 44

118 Exhibit C- Detailed Time Records Page 87 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/14/17 HMK Read (.1) regarding the Order Establishing Deadlines and Procedures for Filing Proofs of Claim; draft of (.1) reply to legal team; read reply (.1) from C. Steege /14/17 HMK Read (.1) motion of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Service Employees International Union and American Federation of Teachers, AFL-CIO to Intervene Under Federal Rule of Bankruptcy Procedure 7024 filed in adversary proceeding (Docket No. 10); draft of (.1) reply to legal team /14/17 HMK Reviewed draft of Motion to Intervene in the Commonwealth/COFINA adversary proceeding /15/17 AJB Reviewed all motions filed and orders issued as per the ECF system; , Received and examined answer of Cofina agent in adversary proceedings 0257; Creditor list of the ERS and notices realted thereto. Discussed with F. del Castillo draft of the ORC motion to intervene in UCC adversary proceeding 0257; Continued review of opinion and order (LTS) in adversary proceedings 3567 and 3283 denying Peaje's request for TRO and other unjunctive relief abd uderlying documents (complaint, reply, motions) as ruling may impact Cofina controversy; exchange of memoranda with C. Klein, H. Mayol, C. Steege, R. Levin, R. Gordon, C. Wedoff. Received and examined memorandum and order (LTS) granting FOMB's motion to strike in adversary proceedings 3567 and Conference with F. del Castillo to set set up a conference next Monday with Jenner team to discuss the "automatic perfection" issue. Received and examined standing orders issued today by judge LTS. 09/15/17 FDC Read Notice of Filing of Creditor List for the Employees Retirement System of the Government of the Commonwealth of Puerto Rico / Global Notes and Statement of Limitations, Methods, and Disclaimers Regarding the Creditor List for the Employees Retirement System of the Government of the Commonwealth of Puerto Rico. Case: LTS Doc#: Filed:09/15/17. Page 19 of 44

119 Exhibit C- Detailed Time Records Page 88 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/15/17 FDC Read Answer, Defenses, and Counterclaims of the Appointed Agent of the Puerto Rico Sales Tax Financing Corporation (COFINA). Case: LTS Doc#:27 Filed:09/15/ /16/17 HMK Read UAW et al Motion for Joinder - Docket /17/17 FDC Read draft of Notice of Intervention by the Official Committee of Retired Employees of the Commonwealth of Puerto Rico /18/17 AJB Read memorandum of C. Ramírez to C. Klein on "automatic perfection" issue; read F. del Castillo memorandum on the "ERS resolution as a statute" issue; Participated in conference with H. Mayol, F. del Castillo and Jenner team on result of Jenner's and BGM's respective researches. Received and examined court order from the USDC-PR on closing of court until September /18/17 FDC Read Joinder of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Service Employees International Union, and American Federation of Teachers, AFL-CIO to AFSCME s Reply to Opposition to Motion of Interamericas Turnkey, Inc. to Review and Stay [Dkt. Entry No. 1326]. Case: LTS Doc#:1330 Filed:09/18/17. 09/18/17 FDC Read AFSCME s Reply to Opposition to Motion of Interamericas Turnkey, Inc. to Review and Stay /18/17 FDC Read Opposition of Financial Oversight and Management Board to Nonparties International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Service Employees International Union and American Federation of Teachers, AFL-CIO Motion to Intervene Under Federal Rule of Bankruptcy Procedure Case: LTS Doc#:14 Filed:09/18/17. 09/18/17 FDC Read Order Confirming Adjournment of Hearing and Regarding Procedures for Attendance, Participation and Observation of September 27, 2017 Hearing. By Judge Swain. Case: LTS Doc#:78 Filed:09/18/17. Page 20 of 44

120 Exhibit C- Detailed Time Records Page 89 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/18/17 FDC Read Order Granting Motion for Enlargement of Time to Respond to Financial Oversight Board Reply to Motion to Review and Stay Debtor s Representative to Deprive the Commonwealth of Internal Revenue (Refiled as Permitted). Case: LTS Doc#:287 Filed:09/18/17. 09/18/17 FDC Read Order Regarding Notice from The Clerk No Case: LTS Doc#:1325 Filed:09/18/ /18/17 FDC Read the Puerto Rico Fiscal Agency and Financial Advisory Authority s Reply in Response to the Oversight Board s Opposition to Motion of Interamericas Turnkey, Inc. to Review and Stay. Case: LTS Doc#:1327 Filed:09/18/17. 09/18/17 FDC Read Urgent Motion to Extend Deadlines in Joint Stipulation. Case: LTS Doc#:62 Filed:09/18/17. 09/18/17 HMK Read Opposition of Financial Oversight and Management Board to Nonparties International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Service Employees International Union and American Federation of Teachers, AFL-CIO Motion to Intervene Under Federal Rule of Bankruptcy Procedure Case: LTS Doc#:14 Filed:09/18/ /18/17 HMK Conference call - AJB, FDC, HM with Jenner Team on Liens and Preferences in GO/ COFINA controversy. Page 21 of 44

121 Exhibit C- Detailed Time Records Page 90 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 AJB Received from C. Steege draft of the ORC objection to UCC's motion , for order authorizing discovery. Note to F. del Castillo. Received and examined FOMB's informative motion, FGIC motion to join Ad hoc group of GO's request for discovery, objection of BNY-Mellon to Cofina's motions in , objection of debtors to Cofina's agent's motion in , Cofina's objection to Cofina agent's motion, opposition of Assured Guaranty, et als to UCC motion to intervene in 0232,opposition of National Public Finance/Guaranty Corp. et als to UCC's motion in 0156, FOMB's opposition to our request to intervene in Received and examined draft of ORC's objection to UCC's motion for order authorizing discovery. Received and examined debtors' Omnibus objection to motions regarding discovery, order (LTS) regarding October 4 Omnibus hearing, plaintiff's memorandum in opposition to ORC motion to intervene in 0189, Plaintiff's memorandum in opposition to UCC's motion to intervene in 0189, ERS "secured" creditors joinder to discovery motions, Plaintiff's objection to ORC motion to intervene in Received and examined urgent informative motion regarding Hurricaine María and request for adjournment, etc. 09/19/17 FDC Read Informative Motion of the Financial Oversight and Management Board Regarding September 27, 2017 Hearing. Case: LTS Doc#:80 Filed:09/19/17. 09/19/17 FDC Read Joinder of Financial Guaranty Insurance Company to Joint Motion by the Ad Hoc Group of General Obligation Bondholders, Assured Guaranty Corp., Assured Guaranty Municipal Corp., and the Mutual Fund Group for Order Authorizing Rule 2004 Examination. Case: LTS Doc#:1335 Filed:09/19/ /19/17 FDC Read Joint Stipulation and [Proposed] Order Addressing Motion of Scotiabank de Puerto Rico, as Administrative Agent, and Funds Advised by Solus Alternative Asset Management LP for Leave to Intervene. Case: LTS Doc#:34 Filed:09/19/17. Page 22 of 44

122 Exhibit C- Detailed Time Records Page 91 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 FDC Read Limited Objection of The Bank of New York Mellon, as Trustee, to the COFINA Agent s Motion Pursuant to 48 U.S.C and 11 U.S.C. 105(A) for Order: (I) Confirming That 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals. Case: LTS Doc#:1336 Filed:09/19/17. 09/19/17 FDC Read Limited Response of Official Committee of Unsecured Creditors to Motion of Scotiabank de Puerto Rico, as Administrative Agent, and Fund Advised by Solus Alternative Asset Management LP for Leave to Intervene. Case: LTS Doc#:33 Filed:09/19/17. 09/19/17 FDC Objection of Debtors to COFINA Agent s Motion Pursuant to U.S.C and 11 U.S.C. 105(A) for Order: (I) Confirming That 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals. Case: LTS Doc#:1348 Filed:09/19/17. 09/19/17 FDC Read Objection of COFINA to Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisor and Expert. Case: LTS Doc#:1347 Filed:09/19/17. 09/19/17 FDC Read Opposition of Assured Guaranty Corp., Assured Guaranty Municipal Corp., the Ad Hoc Group of PREPA Bondholders, National Public Finance Guarantee Corporation, and Syncora Guarantee Inc. to the Committee of Unsecured Creditors Motion for Leave to Intervene. Case: LTS Doc#:36 Filed:09/19/17 09/19/17 FDC Read Opposition of National Public Finance Guarantee Corporation, Financial Guaranty Insurance Company, Assured Guaranty Corp., and Assured Guaranty Municipal Corp. to the Committee of Unsecured Creditors Motion for Leave to be Heard and/or to Intervene. Case: LTS Doc#:71 Filed:09/19/17. Page 23 of 44

123 Exhibit C- Detailed Time Records Page 92 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 FDC Read Opposition of the Oversight Board as Representative of the Commonwealth and the Employees Retirement System of the Government of the Commonwealth of Puerto Rico to Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case: LTS Doc#:17 Filed:09/19/17. 09/19/17 FDC Read Ambac Assurance Corporation s Objection to Motion of the Official Committee of Unsecured Creditors for Leave to be Heard Under Bankruptcy Code 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:76 Filed:09/19/17. 09/19/17 FDC Read Debtors Omnibus Objection to Motions for Orders Authorizing Rule 2004 Discovery / Declaration of Timothy W. Mungovan in Support of Debtors Omnibus Objection to Motions for Orders Authorizing Rule 2004 Discovery. Case: LTS Doc#:1345 Filed:09/19/17. 09/19/17 FDC Read draft of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico s Objection to Informative Motion and Statement Regarding Status Reports Filed in Connection with the Motion of Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule 2004, Authorizing Discovery Program with Respect to Certain Causes of the Puerto Rico Financial Crisis. 09/19/17 FDC Read Order Withdrawing this Court s Prior Order (Docket Entry No ) and Requiring the Oversight Board to Confer with the Other Parties in Interest and Propose a Revised Schedule in Connection with October Omnibus Hearing. Case: LTS Doc#:1341 Filed:09/19/17 09/19/17 FDC Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case: LTS Doc#:48 Filed:09/19/17 Page 24 of 44

124 Exhibit C- Detailed Time Records Page 93 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 FDC Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:49 Filed:09/19/17 09/19/17 FDC Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:49 Filed:09/19/ /19/17 FDC Read ERS Secured Creditors Joinder to Rule 2004 Motions. Case: LTS Doc#:1340 Filed:09/19/17 09/19/17 FDC Read Plaintiffs Objection to Retiree Committee s Motion to Intervene. Case: LTS Doc#:16 Filed:09/19/ /19/17 FDC Read Response of Official Committee of Unsecured Creditors to (I) Motion of National Public Finance Guarantee Corporation for Entry of Order Pursuant to Bankruptcy Rule 2004 Authorizing Discovery; (II) Joint Motion by Ad Hoc Group of General Obligation Bondholders, Assured Guaranty Corp. Assured Guaranty Municipal Corp., and Mutual Fund Group for Order Authorizing Rule 2004 Examination; and (III) Ambac Assurance Corporation s Motion for Entry of Order Authorizing Discovery Under Bankruptcy Rule Case: LTS Doc#:1344 Filed:09/19/ /19/17 FDC Read Response to Official Committee of Unsecured Creditors Motion for Leave to Be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:70 Filed:09/19/ /19/17 FDC Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:77 Filed:09/19/ Page 25 of 44

125 Exhibit C- Detailed Time Records Page 94 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 FDC Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:50 Filed:09/19/17. 09/19/17 FDC Read Urgent Informative Motion Regarding Hurricane Maria and Request for Adjournment of Certain Upcoming Deadlines. Case: LTS Doc#:1332 Filed:09/19/17. 09/19/17 HMK Guaranty Municipal Corp., and Mutual Fund Group for Order Authorizing Rule 2004 Examination; and (III) Ambac Assurance Corporation s Motion for Entry of Order Authorizing Discovery Under Bankruptcy Rule Case: LTS Doc#:1344 Filed:09/19/ /19/17 HMK Objection of Debtors to COFINA Agent s Motion Pursuant to 48 U.S.C and 11 U.S.C. 105(A) for Order: (I) Confirming That 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals. Case: LTS Doc#:1348 Filed:09/19/17. 09/19/17 HMK Read Ambac Assurance Corporation s Objection to Motion of the Official Committee of Unsecured Creditors for Leave to be Heard Under Bankruptcy Code 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:76 Filed:09/19/17. 09/19/17 HMK Read Debtors Omnibus Objection to Motions for Orders Authorizing Rule 2004 Discovery / Declaration of Timothy W. Mungovan in Support of Debtors Omnibus Objection to Motions for Orders Authorizing Rule 2004 Discovery. Case: LTS Doc#:1345 Filed:09/19/ /19/17 HMK Read draft of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico s Objection to Informative Motion and Statement Regarding Status Reports Filed in Connection with the Motion of Official Committee of Unsecured Creditors for Order, Under Bankruptcy Rule 2004, Authorizing Discovery Program with Respect to Certain causes of PR Financial crisis Page 26 of 44

126 Exhibit C- Detailed Time Records Page 95 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 HMK Read ERS Secured Creditors Joinder to Rule 2004 Motions. Case: LTS Doc#:1340 Filed:09/19/ /19/17 HMK Read Informative Motion of the Financial Oversight and Management Board Regarding September 27, 2017 Hearing. Case: LTS Doc#:80 Filed:09/19/17. 09/19/17 HMK Read Joinder of Financial Guaranty Insurance Company to Joint Motion by the Ad Hoc Group of General Obligation Bondholders, Assured Guaranty Corp., Assured Guaranty Municipal Corp., and the Mutual Fund Group for Order Authorizing Rule 2004 Examination. Case: LTS Doc#:1335 Filed:09/19/ /19/17 HMK Read Limited Objection of The Bank of New York Mellon, as Trustee, to the COFINA Agent s Motion Pursuant to 48 U.S.C and 11 U.S.C. 105(A) for Order: (I) Confirming That 48 U.S.C Applies to COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her Professionals. Case: LTS Doc#:1336 Filed:09/19/ /19/17 HMK Read Limited Response of Official Committee of Unsecured Creditors to Motion of Scotiabank de Puerto Rico, as Administrative Agent, and Fund Advised by Solus Alternative /19/17 HMK Read Objection of COFINA to Application of COFINA Agent for Entry of Order Authorizing Retention of Centerview Partners LLC as Financial Advisor and Expert. Case: LTS Doc#:1347 Filed:09/19/ /19/17 HMK Read Opposition of Assured Guaranty Corp., Assured Guaranty Municipal Corp., the Ad Hoc Group of PREPA Bondholders, National Public Finance Guarantee Corporation, and Syncora Guarantee Inc. to the Committee of Unsecured Creditors Motion for Leave to Intervene. Case: LTS Doc#:36 Filed:09/19/ Page 27 of 44

127 Exhibit C- Detailed Time Records Page 96 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 HMK Read Opposition of National Public Finance Guarantee Corporation, Financial Guaranty Insurance Company, Assured Guaranty Corp., and Assured Guaranty Municipal Corp. to the Committee of Unsecured Creditors Motion for Leave to be Heard and/or to Intervene. Case: LTS Doc#:71 Filed:09/19/ /19/17 HMK Read Opposition of the Oversight Board as Representative of the Commonwealth and the Employees Retirement System of the Government of the Commonwealth of Puerto Rico to Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case: LTS Doc#:17 Filed:09/19/ /19/17 HMK Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Retired Employees of the Commonwealth of Puerto Rico for Leave to Intervene Under Bankruptcy Rule Case: LTS Doc#:48 Filed:09/19/ /19/17 HMK Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:49 Filed:09/19/ /19/17 HMK Read Plaintiffs Memorandum in Opposition to Motion of Official Committee of Unsecured Creditors for Leave to be Heard and/or to Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:49 Filed:09/19/ /19/17 HMK Read Plaintiffs Objection to Retiree Committee s Motion to Intervene. Case: LTS Doc#:16 Filed:09/19/ Page 28 of 44

128 Exhibit C- Detailed Time Records Page 97 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/19/17 HMK Read Response of Official Committee of Unsecured Creditors to (I) Motion of National Public Finance Guarantee Corporation for Entry of Order Pursuant to Bankruptcy Rule 2004 Authorizing Discovery; (II) Joint Motion by Ad Hoc Group of General Obligation Bondholders, Assured Guaranty Corp. Assured /19/17 HMK Read Response to Official Committee of Unsecured Creditors Motion for Leave to Be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:70 Filed:09/19/ /19/17 HMK Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:72 Filed:09/19/17. 09/19/17 HMK Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:77 Filed:09/19/ /19/17 HMK Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:50 Filed:09/19/ /19/17 HMK Read Urgent Informative Motion Regarding Hurricane Maria and Request for Adjournment of Certain Upcoming Deadlines. Case: LTS Doc#:1332 Filed:09/19/ /22/17 AJB Received and examined memorandum from R. Gordon on need to re-schedule case calendar in light of devastation caused by Hurricaine María. Also received memoranda from M. Root on judge Houser's proposal for a 60 day adjournment, W. Stuart (Segal), S. Gumbs (FTI Consulting) Page 29 of 44

129 Exhibit C- Detailed Time Records Page 98 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/22/17 FDC Read Joint Informative Motion of All Parties Regarding Objection Deadline for Defendants Motion to Dismiss Complaint Pursuant to Fed. R. Civ. P. 12(B)(1) And 12(B)(6). Case: LTS Doc#:52 Filed:09/22/17. 09/22/17 FDC Read Order Requiring the Oversight Board to Confer with Plaintiffs Regarding September 27, 2017 Hearing. Case: LTS Doc#:83 Filed:09/22/ /22/17 FDC Read from R. Gordon regarding Puerto Rico Proceedings /22/17 FDC Read First Supplemental Declaration of Luc A. Despins Regarding Retention of Paul Hastings LLP as Counsel to Official Committee of Unsecured Creditors. Case: LTS Doc#:1357 Filed:09/22/ /22/17 FDC Read Sentence of the First Circuit of Appeals Case: , Date Filed: 09/22/ /22/17 HMK Read C Steege draft response to Rule 2004 discovery motion and redact comments /22/17 HMK Read Docket Assured et al motion for Discovery under rule /22/17 HMK Read Docket Debtor's objection to Assured et al motion for discovery. 09/22/17 HMK Read FOMB, Debtors'opposition to Committee motion to intervene in litigation. - Case Docket /24/17 FDC Read (.1) from C. Steege regarding the October 4, Omnibus hearing; read reply (.1) by R. Gordon; read 2 nd reply (.1) by C. Steege; read 2 nd reply (.1) by R. Gordon; read 3 rd e- mail reply (.1) C. Steege; read 3 rd reply (.1) by R. Gordon; read reply (.1) by R. Levin Page 30 of 44

130 Exhibit C- Detailed Time Records Page 99 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/25/17 AJB Received and examined order (LTS) instructing FOMB to confer with plaintiffs on September 27 hearing, Joint informative motion on deadlines, Urgent motion on Hurricane María, Supplemental declaration of Luc A. Despins on retention of Paul Hastings. Exchange of correspondence with Jenner team on need to restructure case calendar. Received FOMB's informative motion regarding upcoming hearings. Received and examined draft of ORC's motion regarding the adjournment of October 4 hearing /25/17 FDC Read Notice Regarding Impending Hearings in the Above-Captioned Cases and Related Adversary Proceedings. Case: LTS Doc#:1361 Filed:09/25/17. 09/25/17 FDC Read (.1) from C. Steege regarding AAFAF s urgent motion; read reply (.1) by R. Levin; read 2 nd (.1) by C. Steege; read 2 nd (.1) by R. Levin /25/17 FDC Read Order Directing the Official Committee of Unsecured Creditors to File a Supplemental Brief. Case: LTS Doc#:86 Filed:09/25/17. 09/25/17 FDC Informative Motion of Financial Oversight and Management Board Regarding (A) October 4, 2017 Omnibus Hearing and (B) September 27, 2017 Hearing on Motion to Dismiss. Case: LTS Doc#:1362 Filed:09/26/17. 09/25/17 FDC Read Response to Official Committee of Unsecured Creditors Motion for Leave to be Heard and/or Intervene Under Bankruptcy Code Section 1109(B) and/or Bankruptcy Rule Case: LTS Doc#:72 Filed:09/19/17. 09/25/17 FDC Read Urgent Informative Motion Regarding the Impact of Hurricane Maria and Proceeding within these Title III Cases. Case: LTS Doc#:1360 Filed:09/25/17 09/25/17 HMK Informative Motion of Financial Oversight and Management Board Regarding (A) October 4, 2017 Omnibus Hearing and (B) September 27, 2017 Hearing on Motion to Dismiss. Case: LTS Doc#:1362 Filed:09/26/17. Page 31 of 44

131 Exhibit C- Detailed Time Records Page 100 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/25/17 HMK Read Informative Motion of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico Regarding the Proposed Adjournment of The October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1364 Filed:09/26/17. 09/26/17 FDC Read Informative Motion of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico Regarding the Proposed Adjournment of The October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1364 Filed:09/26/17. 09/26/17 AJB Received and examined USCA 1st opinion and order reversing LTS on UCC's requests to intervene in all adversary proceedings, order (LTS) on upcoming hearings /26/17 FDC Read Order Regarding September 27, 2017 Oral Argument and October Omnibus Hearing. Judge Swain. Case: LTS Doc#:1365 Filed:09/26/17. 09/26/17 FDC Read Informative Motion of Financial Oversight and Management Board Regarding (A) October 4, 2017 Omnibus Hearing and (B) September 27, 2017 Hearing on Motion to Dismiss. Case: LTS Doc#:1362 Filed:09/26/ /26/17 HMK Read Informative Motion of Financial Oversight and Management Board Regarding (A) October 4, 2017 Omnibus Hearing and (B) September 27, 2017 Hearing on Motion to Dismiss. Case: LTS Doc#:1362 Filed:09/26/17. 09/26/17 HMK Read Informative Motion of the Official Committee of Retired Employees of the Commonwealth of Puerto Rico Regarding the Proposed Adjournment of the October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1364 Filed:09/26/ /26/17 HMK Read Opinion and Judgement of First District, Federal Appeals Court reversing Judge Swain on rights of UCC to intervene in all aspects of Adversary Proceedings under Title III /26/17 HMK Read Order Regarding September 27, 2017 Oral Argument and October Omnibus Hearing. Judge Swain. Case: LTS Doc#:1365 Filed:09/26/ Page 32 of 44

132 Exhibit C- Detailed Time Records Page 101 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/27/17 AJB Received and examined opinion and order (LTS) denying UCC's request to intervene in 0133, order directing supplemental briefing (Judge Dein) informative motion of FOMB /27/17 FDC Read Informative Motion of the Financial Oversight and Management Board Regarding September 27, 2017 Hearing. Case: LTS Doc#:1368 Filed:09/27/ /27/17 FDC Read Opinion and Order Denying Motion of the Committee of Unsecured Creditors, as Agent for the Commonwealth, to Intervene. Case: LTS Doc#:416 Filed:09/27/ /27/17 FDC Read Order Directing Supplemental Briefing. Judge Dein. Case: LTS Doc#:72 Filed:09/27/17. 09/27/17 FDC Read Order Directing Supplemental Briefing. Judge Dein. Case: LTS Doc#:74 Filed:09/27/17. 09/27/17 FDC Read Order Directing Supplemental Briefing. Judge Dein. Case: LTS Doc#:54 Filed:09/27/17. 09/28/17 FDC Read Informative Motion of the ERS Secured Bondholders with Respect to the Court s Order Regarding September 27, 2017 Oral Argument and October Omnibus Hearing. Case: LTS Doc#:1378 Filed:09/28/17 09/28/17 FDC Read Informative Motion Regarding Intent to Appear at October 4, 2017 Hearing. Case: LTS Doc#:92 Filed:09/28/ /28/17 FDC Read (3) Informative Motion of American Federation of State, County & Municipal Employees, AFL-CIO Regarding the Proposed Adjournment of the October 4, 2017 Omnibus Hearing. Case: LTS Doc#:22 Filed:09/28/17/ Case: LTS Doc#:1374 Filed:09/28/17/ Case: LTS Doc#:29 Filed:09/28/ /28/17 FDC Read ERS s Opposition to Defendants Urgent Motion to Extend Deadlines in Joint Stipulation. Case: LTS Doc#:65 Filed:09/28/ Page 33 of 44

133 Exhibit C- Detailed Time Records Page 102 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/28/17 FDC Read Informative Motion of Cofina Agent Regarding Matters Scheduled to be Heard at October Omnibus Hearing. Case: LTS Doc#:1372 Filed:09/28/ /28/17 09/29/17 FDC FDC Read Informative Motion of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Service Employees International Union and American Federation of Teachers, AFL-CIO Regarding the Adjournment of the October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1371 Filed:09/28/17. Read Motion on Consent to Adjourn Pietrantoni Mendez & Alvarez LLC s Motion to Quash Subpoena [Docket No. 28]. Case: LTS Doc#:51 Filed:09/29/ /29/17 FDC Read Official Committee s Supplemental Briefing in Support of Limited Participation. Case: LTS Doc#:93 Filed:09/29/ /29/17 FDC Read Debtors Objection to the ERS Bondholders Motion for Proposed Joinder to Rule 2004 Motions. Case: LTS Doc#:1380 Filed:09/29/17. 09/29/17 FDC Read (.1) from C. Steege regarding LTS (Generic) Order; read reply (.1) by A. J. Bennazar. 09/29/17 FDC Read Order Regarding Matters Originally Noticed for October 4, 2017 Omnibus Hearing. Case: LTS Doc#:1381 Filed:09/29/17. 09/29/17 FDC Read Order Regarding the Urgent Informative Motion of Defendant Financial Oversight and Management Board for Puerto Rico Regarding Deadlines Related to the Adversary Complaint. Case: LTS Doc#:1383 Filed:09/29/ /29/17 HMK Read AFSCME motion on Case and , Adversary Proceeding on employee furloughs and pension cuts. SUB TOTAL , ERS BOND ISSUES (MATTER NUMBER 10091) Page 34 of 44

134 Exhibit C- Detailed Time Records Page 103 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/11/17 AJB Exchange of memoranda and correspondence with C. Steege. R. Levin, C. Klein (Jenner) on perfection of liens questions regarding Pension obligation bonds (POB's) pursuant to P.R. law. Follow up with C. Ramírez in local law research. Further discussion of threshold findings with H. Mayol, F. del Castillo and C. Ramírez /11/17 FDC Read (.1) from C. Steege and attached memorandum from C. Klein (.2) regarding automatic perfection issue of POBs; rear reply (.1) from H. Mayol; legal research (2) and draft of (.5) regarding automatic perfection of POB s; read 2 nd (.1) from C. Steege; read 3 rd (.1) from C. Steege; read reply (.2) from C. Klein with additional questions; read reply (.1) and attachment (.3) from R. Gordon /11/17 HMK Read (.1) from C. Steege and attached memorandum from C. Klein (.2) regarding automatic perfection issue of POBs; read 2nd (.1) from C. Steege; read 3rd (.1) from C. Steege; read e- mail reply (.2) from C. Klein with additional questions; read reply (.1) and attachment (.3) from R. Gordon /11/17 HMK Discussed with AJB and FDC an answer to R Levin's question on ERS bondholders'claims to pension fund assets transferred to PR Treasury Department /11/17 HMK Read from R Levin requesting research on Puerto Rico Enforcement of Judgements laws and cases, forwarded to F del Castillo and A Bennazar. 09/12/17 AJB Continued exchange of memoranda and notes with C. Steege. R. Levin, R. Gordon, H. Mayol and F. del Castillo on issue of direct payment of pensions by the Commonwealth government vis-à-vis employer contributions that have been eliminated. Further researchon lien perfection issues Page 35 of 44

135 Exhibit C- Detailed Time Records Page 104 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/12/17 FDC Read (.1) from C. Klein regarding Automatic Perfection; read reply (.1) by R. Levin; read 2 nd reply (.1) by C. Klein; read reply (.1) by R. Gordon; read reply (.1) by C. Wedoff and several attachments (.7); read 2 nd reply (.1) and attachment (.3) by R. Levin. 09/12/17 HMK Read (.1) from C. Klein regarding Automatic Perfection; read reply (.1) by R. Levin; read 2nd reply (.1) by C. Klein; read reply (.1) by R. Gordon; read reply (.1) by C. Wedoff and several attachments (.7); read 2nd reply (.1) and attachment (.3) by R. Levin /13/17 AJB Continued research and discussion of "automatic perfection" issues. Meeting with F. del Castillo and C. Ramírez to discuss same. Exchange of memoranda with C. Steege and C. Klein re: same , /13/17 FDC Read (.1) by Y. Bennazar regarding perfection issues of ERS Bondholders; meeting (.5) with Y. Bennazar and C. Ramírez regarding perfection issues of ERS Bondholders; read reply (.1) by C. Steege; additional legal research (1.2) and draft of (.2) reply to C. Klein regarding automatic perfection issue of POBs. 09/13/17 FDC Telephone call (.2) to the Office of Legislative Services of Puerto Rico to obtain an official translation to English of Act 447 of 1951; draft of (.2) to J. Ortega of the Office of Legislative Services; read reply (.1) and attachments (.3) from J. Ortega of the Office of Legislative Services. 09/14/17 AJB Further exchange of correspondence and memoranda with C. Klein and H. Mayol on the "automatic perfection" issue /14/17 FDC Draft of to C. Klein and legal team with attachment of official translation to English of 3 LPRA sec /14/17 HMK Read and review C Klein memo on perfection fo lien by ERS Bondholders lien Page 36 of 44

136 Exhibit C- Detailed Time Records Page 105 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/15/17 AJB Reviewed and discussed with F. del Castillo the memorandum of C Klein on the ERS bond controversy with POB bondholders; discussed with C. Ramírez; Meeting with F. del Castillo and C. Ramírez on further research under P.R. law needed. Further exchange of notes and memoranda with Jenner team. 09/15/17 FDC Read and attachments (.4) from C. Klein regarding automatic perfection issue; meeting with C. Ramírez and A. J. Bennazar (.2) regarding the legal analysis requested by C. Klein; read reply (.1) from C. Ramirez; read 2 nd reply (.1) from C. Klein; read e- mail (.1) from R. Levin; read 3 rd and attachments (.3) from C. Klein; read reply (.1) by R. Gordon. 09/15/17 FDC Read and attachment by M. Root regarding UCC filing issues /15/17 FDC Legal research regarding the effect of bond resolutions of POBs /15/17 HMK Read Notice of Filing of Creditor List for the Employees Retirement System of the Government of the Commonwealth of Puerto Rico / Global Notes and Statement of Limitations, Methods, and Disclaimers Regarding the Creditor List for the Employees Retirement System of the Government of the Commonwealth of Puerto Rico. Case: LTS Doc#: Filed:09/15/17. 09/16/17 HMK Review memo from C Klein: Analysis of Sufficiency of UCC financing statement filed by ERS Bondholders. 09/16/17 HMK Discussed memo from F del Castillo on ERS Bond Resolution as a Statute. 09/18/17 AJB Conference with H. Mayol, F. del Castillo and C. Ramírez on the "automatic perfection" issue. 09/18/17 FDC Cont. Legal research regarding the effect of bond resolutions of POBs Page 37 of 44

137 Exhibit C- Detailed Time Records Page 106 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/18/17 FDC Conference call with C. Klein, R. Gordon, M. Root, C. Steege, R. Levin, H. Mayol, C. Ramirez and Y. Bennazar regarding ERS bonds perfection issues. Left before conference call ended /18/17 FDC Draft of - memorandum (.8) to C. Klein regarding the automatic perfection issue and Act 447 / local regulations and jurisprudence; read reply (.1) by C. Klein; read reply (.1) by R. Levin. 09/18/17 FDC Read (.1) from C. Steege regarding ERS Schedule; read (.1) by R. Levin; read 2 nd (.1) by C. Steege; read 2 nd (.1) by R. Levin /18/17 HMK Meeting with AJB, FDC reviewing ERS Pension Obligation Bonds documents to research clawback and constitutional provisions issues. SUB TOTAL , NON WORKING TRAVEL TIME (MATTER NUMBER 10105) 09/01/17 FDC Flight to from New York to Puerto Rico after. Fight from midnight, arriving 3:36 am; at 4:30 am in residence (billed half) , /01/17 HMK Travel from NYC to San Juan, returning from NYC 50% of Rate , /11/17 HMK Travel from San Juan to DC to attend /15/17 HMK Return from DC to San Juan SUB TOTAL , COURT HEARINGS (MATTER NUMBER 10121) 09/25/17 HMK Read from P Possinger on rescheduling of Omnibus Hearing and deadlines for motions Page 38 of 44

138 Exhibit C- Detailed Time Records Page 107 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT SUB TOTAL MEDIATION (MATTER NUMBER 10148) 09/01/17 FDC Read (.1) by S. Wohl ; read reply (.1) by C. Steege; read 2 nd (.1) by S. Wohl; read reply (.1) by R. Gordon. 09/01/17 HMK Read (.1) by S. Wohl ; read reply (.1) by C. Steege; read 2nd (.1) by s. Wohl; read reply (.1) by R. Gordon /04/17 AJB Received and examined memoranda from /04/17 FDC Read and attached /04/17 FDC Read and attached /04/17 FDC Read from R. Gordon regarding /05/17 AJB Exchange of correspondence with R. Gordon to coordinate /06/17 AJB Further undetarkings to attend and participate Page 39 of 44

139 Exhibit C- Detailed Time Records Page 108 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/06/17 FDC Read and attached /11/17 AJB Exchange of correspondence with the Jenner team, F. del Castillo and H. Mayol, and then with Sgt. J. Marín and other members of the ORC on 09/11/17 FDC Read (.1) ; read reply (.1) from M. Root; rear 2 nd (.1) from R. Levin; telephone call (.2) with J. Marin, President of Official Retirement Committee to obtain information from members. 09/11/17 FDC Read (.1) from J. Marin to Committee Members regarding ; read 2 nd (.1) from J. Marin; read reply (.1) by M. Fabre, Member; read e- mail reply (.1) M. Acevedo, Member; read (.1) reply R. Pacheco, Member; read WhatsApp reply (.1) from C. Núñez, Member; read WhatsApp reply (.1) from B. Paniagua, Member /11/17 HMK Read (.1) from J. Marin to Committee Members regarding ; read 2nd (.1) from J. Marin; read reply (.1) by M. Fabre, Member; read e- mail reply (.1) M. Acevedo, Member; read (.1) reply R. Pacheco, Member; read WhatsApp reply (.1) from C. Núñez, Member; read WhatsApp reply (.1) from B. Paniagua, Member Page 40 of 44

140 Exhibit C- Detailed Time Records Page 109 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/12/17 AJB Received and Continued exchange of correspondence with Jenner team on attendance by BGM team members to 09/12/17 FDC Telephone call (.2) with J. Marin, President of Official Retirement Committee, regarding (.2) to legal team regarding the answers of the members of the Committee; read reply (.1) by R. Levin; read reply (.1) by R. Gordon. 09/12/17 FDC Read from /12/17 HMK Read from /12/17 HMK Participate , /13/17 AJB Received and examined /13/17 FDC Conference call with H. Mayol and B. Gordon regarding the /13/17 FDC Read from /13/17 HMK Participate , Page 41 of 44

141 Exhibit C- Detailed Time Records Page 110 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/13/17 HMK Conference call with F. del Castillo and B. Gordon regarding the /13/17 HMK Read from /14/17 AJB Received note from R. Levin /14/17 FDC Conference call with H. Mayol y A. J. Bennazar regarding /14/17 FDC Read (.1) from R. Levin regarding ; draft of reply (.1) to R. Levin; read 2 nd (.1) from R. Levin /14/17 FDC Read and review of /14/17 HMK Participate /14/17 HMK Conference call with F. del Castillo y Y. Bennazar regarding /14/17 HMK Read (.1) from R. Levin regarding ; draft of reply (.1) to R. Levin; read 2nd (.1) from R. Levin Page 42 of 44

142 Exhibit C- Detailed Time Records Page 111 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/14/17 HMK Read and review of attachment /15/17 AJB Received and examined /15/17 FDC Read /15/17 HMK Conference Call with Jenner & Block, FTI Consultants & Segal regarding /18/17 AJB Received and examined /18/17 FDC Read and review /19/17 FDC Read and review /19/17 HMK Read and review /22/17 FDC Read /22/17 FDC Read (.1) from R. Levin to J. Houser regarding ; read reply (.1) by S. Wohl; read reply (.1) by M. Root; read 2 nd (.1) by R. Levin; read reply (.1) by R. Gordon; read reply (.1) by K. Nicholl. 09/22/17 FDC Read from M. Root /23/17 FDC Read Page 43 of 44

143 Exhibit C- Detailed Time Records Page 112 of 112 DATE ATTORNEY/ACTIVITY HOURS RATE AMOUNT 09/24/17 FDC Read (.1) from R. Levin regarding ' (.1) by R. Gordon; read reply (.1) by S. Simms; read reply (.1) by K. Nicholl; read 2 nd reply (.1) by R. Gordon /25/17 AJB Received /25/17 FDC Read /25/17 HMK Read /25/17 HMK Read /29/17 AJB Received and examined /29/17 FDC Read /29/17 FDC Read (.1) by R. Levin; read reply (.1) by C. Steege; read reply (.1) by R. Gordon. 09/29/17 HMK Read (.1) from C. Steege regarding ; read reply (.1) by R. Levin; read reply (.1) by C. Steege; read reply (.1) by R. Gordon SUB TOTAL , FOR PROFESSIONAL SERVICES RENDERED $56, [Any expenses during the period covered in this invoice, if any, shall be included in our next statement.] Page 44 of 44

144 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit D - Summary of Expenses Page 1 of 1 EXHIBIT D SUMMARY OF BENNAZAR, GARCIA & MILIAN, C.S.P. EXPENSES Expense Description Travel Amount Airfare $1, Hotel $2, Meals $24.34 Ground Transportation $ Combined Flight and Hotel Charge $1, Meals for Committee Meetings $ Office Supplies $43.89 U.C.C. Search $ Photocopy Expense $1, TOTAL $7,952.24

145 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 1 of 34 EXHIBIT E DETAILED EXPENSES OF BENNAZAR, GARCIA & MILIAN, C.S.P.

146 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 2 of 34 Page 13 OFFICIAL COMMITTEE OF RETIRED EMPLOYEES AMOUNT COMMONWEALTH OF PUERTO RICO /20/2017 DOCUMENT REPRODUCTION (EXTERNAL SERVICES) /6/2017 TRAVEL EXPENSES: PLANE TICKETS /6/2017 TRAVEL EXPENSES: GROUND TRANSPORT OTHER BILLABLE EXPENSES: SNACKS (FOR ORC MEETING) /7/2017 TRAVEL EXPENSES: GROUND TRANSPORT /8/2017 TRAVEL EXPENSES: GROUND TRANSPORT TRAVEL EXPENSES: AIRPORT PARKING FEE TRAVEL EXPENSES: HOTEL ACCOMMODATION 7/31/2017 OTHER BILLABLE EXPENSES: OFFICE SUPPLIES OTHER BILLABLE EXPENSES: GROCERIES AND SNACKS (FOR ORC MEETING) DOCUMENT REPRODUCTION 1, SUBTOTAL: [ 2, ] TOTAL COST $2, TOTAL AMOUNT THIS BILL $102,926.17

147 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 3 of 34 SOLD TO Maureen Quevedo Bennazar, Garcia & Milian, C.S.P. Penthouse A, Edit. Union Plaza Ave. Ponce De Leon #41 6, Hato Rey PR Invoice Vazquez & Velazquez Enterprises, Inc. No Ponce de Leon Ave., Union Plaza Bldg Suite 3, Hato Rey, P.R Tel Fax Date 6/20/17 P.O. # 'QUANTITY 9 **. ; DESCRIPTION : :» AMOUNT.. i ' ' Clr Copy "SEGAL'S PROPOSAL TO THE OFFICIAL COMMITTEE OF RETIREES", 8.5 x 11 White Bond 1/4" Comb Binding % deposit required for jobs without approved credit. A $20.00 charge will be added for returned checks. No returns will be accepted after five days of receipt of merchandise Please pay from this invoice Thank you for allowing us to serve you. SUBTOTAL Statu TAX SHIPPIN^UnlCiP l TOTAL AMOUNT DUE q Pick Up q Cash q Delivery q Charge q Check # Amount Received Received by Date I/

148 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 4 of 34 7/5/2017 Your trip - View reservations on aa.com - American Airlines! American Airlines Plan Travel I ravel information AAdvantage.. A Your trip Record locator: XWGIXG Trip name: SJU/JFK Issued: Monday, July 3,2017 Status: Ticketed aso E3 Check in Change trip Chancre seats Same-day flight change % Depart San Juan, to New York, NY Thursday, July 6, 2017 Depart Travel time Aircraft Class Flight Arrive Seats 1357 American Airlines ^ 4h 738 Economy 5:20 9:31 2BF PM PM 11m SJU JFK On time Estimated Estimated 5:20 9:31 PM PM Terminal: C Gate: C3 Terminal: 8 Gate: 37 Baggage: - f mate notification Return New York, NY to San Juan, Saturday, July 8, com/reservation/ checkin.do?firstname=hector&lastname=mayol%20kauffmann&recordlqcator=xwgixo&cd=130815&g... 1/3

149 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 5 of 34 7/5/2017 Your trip-view reservations on aa.com - American Airlines Travei Flight Arrive Aircraft Class Seats time Depart v 1357 American Airlines 12:25 4:23 3h PM PM 58m JFK SJU 738 Economy ^ Cost summary Passenger x 1 $ Bag and optional fees tp Your total Taxes $56.20 Reservation and tickets $50070 Includes all taxes and carrierimposed fees Carrier-imposed fees Subtotal Preferred Seats AAdvantage benefits....». FAQs P $ Price and Tax information $ P $33.50 Priority $0.00 Same-day Standby nofas (all passengers) $0.00 $ Passengers Hector Mayol Kauffmann (AAdvantage) Check in online Add / edit osssenoer information hups:// 2/3

150 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 6 of 34 * - z I Do not expose to excessive heat or direct sunlight I fit' STAPLE 0 o : HERE fb PRINTED IN USA. BY MAGNETIC TICKET AND LABEL CORP., DALLAS. TX rey.zmi CPNitUHt R Jc * o > n.#3* i i * 5 QJ ; TD 3 T * X* 31 S 1 I c 73 % X- X- X X = ^ c- *1 CD8S 7s m Tl m * * * > 1"D 3.8 n =j z 2 n ) T: o > X * * * * X* X- -i H'"1-. r: z V..V» c_ T3 2 3 Z Tl 70 > \ < ts S 8PS -4 ^1! s lh ^ ei 3- (Tl w > >5 f*~ g I m n H o 73 O o c>0 C l\j LX o - * IfSf Ilf -si lx 00 rv o o 1 * tm, f m m - N3 Ca> 2U1 05 1*1 ' OVS rvj 5 o> m 73 C 3 o ui /i otj **4 & ; /p x 0 05 CJI 11/1 % $ : / o 3 2 co3 CJ c r O > i/v3 Z3 2 S >s i"5*5 i? m * 2.!? * -.. SSW'q o 0)g < i i «-i c? i g _ tn C W < r m R c O 73 nj,> -a UJ > 73 7s S M 53 7s > UT 2 >-<c-s ^ n o g ns _fcs c *vi 7s Tl z d> c m ti 73 > Z 2 > 7s Z. Z > M m 73 L- "0: NJ> a z r -n 73, unw -< M Tv I Z T3 m m S1 o w S z o; O T3 I t/3 r- ui ro os no

151 7/10/2017 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 7 of 34 Print Subject: Your Thursday evening trip with Uber From: Uber Receipts (uber.us@uber.com) M. To: hectormayol@yahoo.com; Date: Thursday, July 6, :15 PM. «i. r. +5 ** - -> > e>yu '. M T W ' M a/-* ' 5Sfap fe, fk». * \ 1 lb I Ipillli fpt i New York y, - _ I mu Bay0""-. / f f rm v*tsl,eam ; g Mpp Hfe - $57.09 Thanks for choosing Uber, Hector July 6, 2017 [ uberx / 09:38pm ( Central Terminal Area, Jamaica, NY < : 10:14pm 550 ParkAve, New York, NY I i ( about:blank You rode with Mohammed :36:19 uberx 1/3

152 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 8 of 34 7/10/2017 Print miles Trip time Car :! : I 'iff Iff r? ADD A TIP Your Fare Trip fare Subtotal $57.09 Before taxes Sales Tax (8.875%) 4.55 Black Car Fund (2.5%) 1.28 CHARGED HI Personal 7002 $ : ' ; Affiliated with WE ITER LLC (B02617) Dispatched by Weiter (B02617) License Plate: T648194C FHV License Number: Driver's TLC License Number: To submit a complaint to the NYC TLC, please call 311. ahnt if- hlanw *r 2/3

153 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 9 of 34 7/10/2017 Print i Invite your friends and family. Get a free ride worth up to $20 when you refer a friend to try Uber. Share code: hectorm371 1ṫi ; Need help? Tap Help In your app to contact us with questions about your trip. Leave something behind? Track it down. Attachments «Inap_483f4dal-2c0a-4fc9-8d3c-e2332clb5e5f.map 483f4dal-2c0a-4fc9-8d3c-e2332clb5e5f (431.89KB). about:blank 3/3

154 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 10 of 34 *. REG : DEPT006,,,-T17,.-.41:'25. ns^miag/ CT : CT 1 1 DEPT006 T12 $ DEPT006 T12...Jf ) # DEPT006 T12 $ DEPT0(ji6;. T12 $ DEPT006 T12.,4^30 1 DEPT006 T12 $ DEPT006. ; $430 1 DEPT006 T12 $ DEPT006 T12 $ DEPT006 T12,$0:i6O 1 0 PT$36 T12 $ DEPT006 T12 $ DEPT006 T12 $ DEPT006 T12 40*185 1 DEPT006.,., 1#&& f85 TAT ':-f $ Jfjfl*' $0.14 TA2 TX2 $0. 60 $14.15 $ *, 7 8 CASH V GG^: 7 $5.00 TL : REG 1 OE;t?TO06. i '!' T127 $ BESPT0O6 T12 $ EPT006 T12 $1,30 1 DEPT 006 T12 $ DEPT 006 T12.,.$ TA1 T X1, ' * $0.10 TA%'-;' $10.40 $1.09 TX2 : TL : ' i CASH CG $ T1.5 9.~u v3f? 41» H Snacks *. ; r

155 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 11 of 34 nvn RECEIPT NTA -NYC TRANSIT N ST-PORT AUTH NEW YORK CITY NY nvn #: 16S9(N ) Fri 07 July'17 14:23 Trans: Sale OK Payment Node; Credit Amount: Bonus: $ 1.31 Card Value: $ Total Paid: $ 27.25t^ New Card Fee: $ 1.00 AMERICAN EXPRESS Card #: ***********8 000 Auth#: Ref Serial #: T^LL FARE 000 Transport Call (212?SMETR0CARD ; i i CREDIT RECEIPT HACK # MEDALLION / :02-09:30 TRIP It : RATE It : JFK - MANHATTAN Miles R2 : FARE R2 : STATE SRCHGS IMP.SRCHC-i. : TIPS GRAND TOTAL CARDNUMBER AUTHOR. 7T $52.00 $0.50 $0.30 $12.00 / $64.80 ^ AEROSTAR AIRPORT HOLDINGS LUC PO Box 3B0B San Juan PR 7/8/ :24 T17/704/0320 Caja: 704 Num Red bo: 17/704/ Estancia ** TICKET MULTIPISOS ** Num. producto Tar i fa ' 2017 TARIFA R0TA0I0 Entrada Pago Dur. Estancia Imports 7/6/ :03 7/8/2017 l 6:24 2d OOh 22rn $ ***********352 $ MID: Base Imp. : ENTRY METHOD: MUNICIPAL(IX): ESTATALdO. 5%) CONTACT CHIP RID: A Q10 APPL. NAME: MASTERCARD OODB TOTAL: ATC:. ** PAGO CON TARJETA ** Tar jeta: B73DADC6A19F8227 Autorizacion: AC:. REC/INU#: ***********462 TID: Contact TLC DIAL Transport $ ; $ ************ Gracias por su visits Fscha amision: 7/B/2D17 16:25 Parking Fee

156 * Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 12 of 34 N EW YORK Mr. Hector Mayol A35 Calle 1 Parques de San Ignacio San Juan Puerto Rico Room Number: Arrival Date: Departure Date: Confirmation Number: Page No: of 1 Guest Name: INFORMATION INVOICE A/R No: Folio No: Date L Description Charges MiniBar Room# 0605 : CHECK# Torn Ranch Cashews MiniBar Room Accommodation State Sales Tax PCT Occ Tax State PCT Occ Tax Local Varies Javits Center Tax 1.50USD Regency Bar Room Accommodation State Sales Tax PCT Occ Tax State PCT Occ Tax Local Varies Javits Center Tax 1.50USD Room# 0605 : CHECK# San Pellegrino Limon CHECK# Credits j Total Balance Park Avenue New York, NY T F loewshotels.com LOEWS R EG E NCY NOTE L

157 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 13 of 34 Office.jbeobot OfifieeM&sr OfficeMax Store Juan Calaf Street Ha,to Hey, PR C787 > 29* Pueblo LAG AMERICAS Gerente Jaime Huertas Tel t SERVICIO DE REPRRBCION DE CELULfiRES EL HISH0 DIR (ver asociado para detalles) 06/2*1/ ,3,.2 2:.0.6 PH STR 6667 REE 2 TRW 1:532 EHP SALE Product ID Description PRFLGOPY, 11,Y PSRT'FL / 2-PKT.10 6 :99 20/97 You Pay 20.S7SS PR City Tax PR State Tax Debit Total Subtotal: ~ lotei-v u V ; 1 TDS Swiped ( -'vufi'isa- *»**************-**.***** s*-**-***-*** ********* GROCERY DARNEL VAG0S CAFE FOAM S/TAP COCA COLA REG SPRITE REG TABLE WATER TABLE WATER 1 K 2/ $ B 2/ $0,69 T12 TABLE WATER $3.49 T12F 1 $ 2/ $5.00 DASANI TO OZ $2.50 T2F XT GENERAL MERCHANDISE MEVERA GRNDE/S/G Items Subtotal Subtotal GOV [117.15] HUN [$22.65] SUPPLIES $24.68 :! CONTROL: " ' DSYK-Y XfIRSJ OD MRUREEN..QUEVEDO Please create -your online rewards account at offlcedepot.com/rewards. You must complete your account to,v, * r*. tv v. ^ c I aim.your -.rewards and v i ev-j. syour status.. *.r.rr Shop online at :! TOTAL Debit card H JMWIisMitnMuM! 1840 Balance Item count groceries $3.00 T12F $3.00 T2F $3.49 T12f $3.49 T12F $2.99 TT2 '0 '-*J $22.65 $22,65 $1.80. $0.23 $24.68 $ a emaese^wthe^wwwt*********************** UE HRNT TO HERR FROM -YOU! Participate -in our online customer survey andxeceive -a :couponu'or 'STD-off -your next suafi'fyins purchase df "SBO; or none.on off.los -.supplies, furniture -iand mare, (Excludes Technology. Limit,1 '.coupon per household/business,7 Visit www,officedepot, com/'feedback and enter the survey code below: 14W6 FVJ0 R6X2 ***** *.** ******** **-*** ********** ***** * *****

158 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 14 of 34 i (K)W< MMOK II OOPS If A r!! I Hato Rev Luries a sabado 6:30am a 10:00pm Domingo 8:00am a 7:00pm Tel&fono (787) Sr. Jose Rivera Cartagena-Gerente Provisiones Borden UHT 2% Borden UHT 2% Bounty servilletas 1 Cameo cream sandwich Econo vasos plastico 10 4 P0R SE AH0RRA: 0.14 Total Sin Impuesto: Tipo Impuesto Tributable Estatal 9.03 Municipal TOTAL IMP. 5 BAL PEND. Efectivo CAMBIO USTED AH0RRA HOY! 1.95 mf 1.95 mf 1.79 m 5.99 mf m Cantida Imp ' TOTAL DESCUENTOS < / TOTAL AH0RRAD0 C/F 0.14 # SNACKS and GROCERIES * i 1 i CONTROL: QMZEM-2DCEH ST j, Cajero(a): Estefania Escobar LI Tienda.-OOOOl Terminal :006 #Cajero:0015 #Trans Jul :06:29 Gracias por su patrocinio Devoluciones con recibo: Por ra2ones de seguridad alimentaria Productos no perecederos 72 horas Productos perecederos 24 horas Fotocopie, pierde legibill dad C0MPRALE AL DE A0UI IPrimero lo nuestro! ; i \

159 % Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 15 of 34, 1 I : : # AVE MUNOZ RIVERA SAN JUAN, PR : /17/2017 7:38 AM 'BLK : '. AD - - «SALE REGULAR PRICE 6.29 REWARDS SAVINGS 1.89 RETURN VALUE 4.40 NICE* PURIFIED WATR (PR) 16.9Z24S ! L 'REGULAR PRICE 3.9S' REWARDS SAVINGS 0.50 RETURN VALUE 3.49 SUBTOTAL! Tf! I : : STATE TAX A=10,;5J5 MUN FOOD TAX 8=1.0% MUN GENERAL TAX D=1.0% TOTAL DEBIT CARD "'-' CHANGE BALANCE REWARDS SAVINGS : - & 3.49.SALE S ; THANK YOU FOR SHOPPING AT WALGREENS \, GET MORE WITH BALANCE REWARDS, REDEEM POINTS FOR SOMETHING EXTRA ; IN A FUTURE PURCHASE, RESTRICTIONS APPLY. FOR TERMS AND CONDITIONS, ' VISIT WALGREENS.. COM/.BALANCE. $ r is 2,.39 qjslul#*\q i-hv V. Bottled water

160 X Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 16 of 34 Office depot OfficeMax' jp SAN JUAN - (787.) /29/2017 1:06PM 1. 2PVT53YPX4SXXEUIRUI 1 SALE BDR,INP,DR,r, Subtotal: PR State Tax10,5V ,91 0,18! Total: i TDS Swiped PR City Taxi % Debit Card 1840: - 18, 19 SS Supplies * i : CONTROL; ' F.6RNU-M7JHJ. OD :T.y''-MAUREEN QLEVED0'" ;',-'.,Please create your online rewards account at of ficedep.pt.con/rewands. You must complete you" account to claim ycur rewards and view your.status..,,.. -.J. i-... " at,v Shop-online '-at: www,officedepot. com S***************************************** WE WANT TO HERR FROM YOU! s r. Participate in our.online.customer ' r'survey"arid 'receive a' coup'orv-'for $10-off your'next qualifyins purchase of,$5'0 or mare an office supplies, furniture and more. (Excludes Technology. Limit 1 coupon per household/business.) Visit and enter the survey rcode below: S1UG YTC ********** ****** O************************

161 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page Generated 17 of 34 Tuesday, August 15, 2017 at 9:51:11AM ( eq u itrac Consolidated Account Detail CIient='5-3357' and (From: ' ' To: ' ') Starting Date: 7/18/2017 Ending Date: Number of Days: 14 7/31/2017 ; ; Date Time User Type Count Location: BGM:Bennazar, Garcia & Milian, C.S.P. 7/18/2017 7/18/2017 7/19/2017 7/20/2017 7/20/2017 7/20/2017 7/31/2017 Client: :OFFICIAL COMMITTEE OF RETIRED EMPLOYEES [5-3357] Matter: 1: [5-3357] OFFICIAL COMMITTEE 2:10:04PM Rivera Perez, Maria del R. 2:27:42PM Rivera Perez, Maria del R. 10:28:43AM Rivera Perez, Maria del R. 9:22:12AM Rivera Perez, Maria del R. 12:41:59PM Rivera Perez, Maria del R. 12:42:46PM Rivera Perez, Maria del R. 1:41:43PM Rivera Perez, Maria del R. Totals for Matter: 1 Totals for Client: Totals for Location: BGM Disb:E-MANUAL COPIES Disb:E-MANUAL COPIES Disb:E-MANUAL COPIES Disb:E-MANUAL COPIES Disb:E-MANUAL COPIES Copy D isb:e-man UAL COPIES 1, Amount $ $72.00 $8.80 $24.40 $5.20 $11.20 $ $1,206,40 $1, $1, i * * : Copyright 2017, Equitrac Page 1

162 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 18 of 34 EXPENSES 8/28/ ). Travel and hotel accomodations for Atty. Francisco Del Castillo (from August 28 to September l, Ground transportation from airport to hotel 8/2 8/2017 (roundtrip) for Atty. Francisco Del Castillo 8/28/2017 Bags for Atty. Francisco Del Castillo Taxi from Hotel (Grand Hyatt) to Proskauer Rose 8/28/2017 LLP (mediation) (Atty. Francisco Del Castillo) 8/28/2017 Castillo) Taxi from San Juan airport to residence (Atty. Del 45 pages for Fiscal Plan; 5 pages for printout of Prime Clerk main page; 48 pages Act /28/2017 (Pension Reform Act) (Total: 98) 1, /31/ ,2017. BGMCSP: Groceries for ORC meeting of August28.15 Crosstown Searches & Filing, Inc.: UCC Search 8/31/2017 (Inv ) Travel to NY (from August 15 tol7,2017) for Atty. 8/15/2017 H6ctor Mayol) 8/15/2017 Hotel accomodation for Atty. Hector Mayol 8/15/2017 Ground transportation for Atty. Hdctor Mayol 8/17/2017 Ground transportation for Atty. Hector Mayol Travel to NY (from August 28 to September 1, 8/28/ ) for Atty. Hector Mayol 8/28/2017 Hotel accomodation for Atty. Hdctor Mayol 8/28/2017 Ground transportation for Atty. Hector Mayol 8/28/2017 Meals for Atty. H6ctor Mayol 8/28/2017 Snacks for ORC meeting , Page 55 of 56

163 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 19 of 34 Date Attorney / Activity Hours Amount 8/29/2017 Snacks for ORC meeting 8/30/2017 Ground transportation for Atty. H6ctor Mayol 8/31/2017 Ground transportation for Atty. Hector Mayol 9/1 /2017 Ground transportation for Atty. Hector Mayol 9/1/2017 Ground transportation for Atty. Hector Mayol Total expenses $5, TOTAL AMOUNT OF THIS BILL $129, Page 56 of 56

164 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 20 of 34 Copies: 4S pages for Fiscal Plan; 5 pages for printout of Prime Clerk main page; 48 pages Act (Pension Reform Acl).; Travel: Fight and hotel from August 28 to September 1, $1,503.68; Ground transportation from airport to hotel (roundtrip) - $39.20; Bags: $50; Taxi from Hotel (Grand Hyatt) to Proskauer Rose LLP (mediation): $8.80 & $8:30; Taxi from San Juan airport to residence: $40.45; TOTAL: $ Commented [FdCf):Eitu Aienin cepiiipira el cuoque I debar leelutr en la fkctuie glebe). En consideraci6n al acuerdo de honorarios por hora de $200, tenemos un total de $25,860 por servicios prestados en el mes de agosto de 2017, Cordialmente, Lcdo. Francisco del Castillo Orozco 25 i

165 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 21 of 34 BENNAZAR, GARCIA & Ml LI AN, CSP 11 de septiembre de 2017 Asunto: Relacidn de gastos relaclonados al litiglo del Comit de Pensionados PROMESA Titulo III Num. 17-BK-3283(D.P.R.) Segunda factura: hasta el 31 de agosto de 2017 GASTOS DEL BUFETE Fecha Descripcion Cantidad 8/23/2017 Provisiones para reunidn de pensionados $28.15 del 23 de agosto de 2017 (Groceries for ORC meeting of August 23, 2017) TOTAL $28.15 Maureen Quevedo C;\Users\Admin\Documents\Maui,een\COMITt DE PENSIONADOS - USBC\FACTURA AGOSTO 2017\ ll GASTOS SEGUNDA FACTURA,kIsk

166 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 22 of 34 tadoi ecomo iehf rwia#iu Hato Rey Lunes a sabado 6:30am a 10:00pm Domingo B:00am a 7:00pm Teldfono (787) Sr. Josd Rivera Cartagena-Gerente «mi.ilaufts Borden L81T 2% 32 oz 1.95 Dart vaso cafe foam Du Ice Cana NOCal 100 Du Ice Cana azucar 21 Econo vasos plastico 4 POR 5.00 SE AH0RRA: 0.14 Selva cuchillo 25pk Selva tensaor 25pk Veryfine apple 10 oz Veryfine apple 10 oz Veryflne apple 10 oz m 2.19 mf 1.68 mf 4 I mf Veryfine fruit punch Veryfine fruit punch Veryfine fruit punch Veryfine orange 10 o Veryfine orange 10 o Veryfine orange 10 o Veryfine orange 10 o Veryfine orange 10 o Veryfine orange 10 o Total Sin Impuesta; T1 po Impuesto Tribirtable Estatal Municipal TOTAL IMP. 22 BAL PEND. ATH Manual CAMBIO USTED AH0RRA HOY! 1.25 m 0.69 m 0.69 m 0.99 mf 0.99 mf 0.99 mf 0.99 mf 0.99 mf 0.99 mf 0.99 mf 0.99 mf 0.99 mf mf mf 0.99 mf CantI da Imp B TOTAL DESCUENT0S f 0.14 TOTAL AHORRADO C/F 0.14 CONTROL: 7EV9S-KSBXL ST O Ca.iero(a): Hi Ida Boni I la Tienda,00001 Terminal :006 l/cajero:009q KTrans Ago2017 9:04:18 Gracias por su patroclnio Devoluoiones con recibo: Por razones de seguridad alimentaria Productos no perecederos 72 horas Productos perecederos 24 horas Fotocopie, plerde lsgibilidad C0MPRALE AL DE A0UI iprimero lo nuestro! H ^3 fa fa

167 * Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 23 of 34 CROSSTOWN SEARCHES & FILINGS, INC. URB. SIERRA BAYAMON 27 #8 CALLE 26 BAYAMON PR Invoice Date Invoice # 9/15/ Bill To BENNAZAR, GARCIA & MILIAN CSP LIC CARLOS R. RAMIREZ ISERN APARTADO POSTAL #212 SAN JUAN PR Ship To P.O. Number Terms Rep Ship Via F.O.B. Project 9/J5/2017 Quantity Item Code 1 UCCSEARCH Description SISTEMA DE RETIRO DE LOS EMPLEADOS DEL GOBIERNO DEL ESTADO LIBRE ASOCIADO DE PUERTO Price Each Amount RICO IVU 4% Impuesto sabre Ventss y Uso (IVU) 4.00% 400 Se requiere el pngo tie esta factura, cierre o no el cast). Total $104.00

168 I Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 24 of 34 8/11/2017 Print trip and receipt - Your trip detaile - American Airlines AmericanAirUnes* AA RECORD LOCATOR; XWSNPP CM your boarding pim foitort Scon tma barood* at any American Alrttno* BalSServIca Machlfm, San Juan to New York 1 Adult Tuesday August 15, Thursday August 17, 2017 AA Record Locator XWSNPP Reservation Name SJU/JFK Yui,r r«:r.fjrti -i! Jtor i :i yt^i.jri v*fval:m cyrfi'ti Mice rwmuf-r Slatus: Ticketed Aug 10, 2017 will tidedod la rctreua ot 'it* -rancts /our n fvfli'iljl. Total Paid: $ USD Flight Depart Arrive Fare Amount I American Airlines 1357 San Juan (SJU) AugusMS, :20 PM Travel Time : 4 h 11 m Class: Economy Seat: 16C New York (JFK) August 15, 2D17 09:31 PM Booking Coda: S Plane Type : 730 Adult 1 * $ USD Trip Options Prafarrad Seale $370,00 USD $70.55 USD Flight Depart Arrive Taxes & Carrier-Imposed Fees Taxes USD American Airlines New York (JFK) San Juan(SJU) 1357 August 17, :25 PM August :23 PM Carrler-lmpoaed Faas $0.00 USD Travel Time : 3 h 58 m Booking Code : N Class: Economy Plgne Typa: 730 Seal: 12C Flight Subtotal Receipt $ USD PASSENGER TICKET NUMBER FREQUENT FLYER NUMBER FARE Tax/FeWCtuiKp MAYOL.HECTOft M OO10W630B7O0 TICKET TOTAL Paymart Typa: MASTER CARD *'**'**4644 Total PAS9ENQER SEAT NUMBER(3) PRICE TudFeWCharga SEAT TOTAL MAYOL, HECTOR M 16C.12C USD USO Total USD ; Endorsements/Restrictions NONREF/CHG FEE APPLIES/NO VALU Terms and conditions: ir you've already begun travel, this receipt rriby only show portions of your trip not Down. If your ticket Involves travel outside the U.S., Canada, U.S. Virgin Islands or Puerto Rico and has been reissued, your ticket total may not Include all taxes. Please contact Reservations for the correct total. A summary of all the terms and conditions that apply to your travel are available an ae.com/candltlonsofcarttbge. litl )s7/ 1/1

169 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 25 of 34 8/10/2017 Itinerary: New York We understand that sometime* plana change. We do not charge a cancel or change fee. When the airline charges such fees in accordance with Its own policies, the cost will be passed on to you. Tickets are nonrefundable, nontransferable and name changes are not allowed. Please read the complete penalty rules for changes and cancellations Opens in a new window, applicable to this fare. Please read important information regarding airline liability limitations Opens In a new window.. Loews Regency New York Hotel Aug 1S, 2017-Aug 17, 2017 BOOKED Your reservation is booked. No need to call us to reconfirm this reservation. Additional Hotel Services Check-in 54D Park Avenue, New York, NY, United States of America Tel: 1 (212) , Fax: 1 (212) 6B8-2S9B Check-In time starts at 4 PM Minimum check-in age is 21 Your room/unit will be guaranteed for late arrival. Important Hotel Information Although Travelocity does not charge a fee to change or cancel your booking, Loews Regency New York Hotel may still charge a fee in accordance with Its own rules & regulations. Cancellations or changes made after 4:00pm (Eastern Daylight Time (US & Canada)) on Aug 12, 2017 or no-shows are subject to a property fee equal to the first nights rate plus taxes and fees. Prices and hotel availability are not guaranteed until full payment is recelved.lf you would Ilka to book multiple rooms, you must use a different name for each room. Otherwise, the duplicate reservation will be canceled by the hotel. Noise-free rooms not guaranteed View your online Itinerary for additional rules and restrictions. The below fees and deposits only apply If they are not Included In your selected room rate. The following fees and deposits are charged by the property at time of service, check-ln, or check-out. Breakfast fee: between USD 22 and USD 34 per parson (approximately) Valet parking fee: USD 90 per night Pet fee: USD 50 per accommodation, par stay A late check-out fee will be charged Rollaway bed fee: USD 50.0 per day The above list may not be comprehensive. Fees and deposits may not Include tax and are subject to chango. Room Reserved tor Requests Luxury Room, 1 King Bad HECTOR M MAYOL 1 adult 1 king bed, non-smoking room ry-print7tr1pid=691cc07a l>4-b92a-07d47198boedsltlnerarynvmb9r= /3

170 1 * Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 26 of 34 8/10/2017 (317 unread) - Yahoo - Yahoo Mall.. i A Q. All Hector Mayol, search your mailbox Travelocity travel confirmation - Aug 15 - it. rra-'r.l Yd icc Travelocity H e.traveloclty.com (417) Search s El Your reservation Is boohed and con firm ad. There te no need to coll ue to reconfirm this reservation. Traveler Information HECTOR M MAYOL Adult No frequent flyer details provided Ticket # * Seat assignments, special meals, frequent flyer point awards and special assistance requests should be confirmed directly with the airline. Aug 15, Departure Nonstop Sun Juan New York SJU 5;20pm JFK 9:31pm Total travel time: 4 h 11 m 4 h 11 m 1,621 ml > Terminal B Terminal 8 American Alrtlnee 1157 Economy / Coach {9) Confirm seats with the airline4 Aug 17, Return Nonstop Total travel time: 3 li 88 m 3 h 58 m Now York Ssn Juan 1,621 ml \ JFK 12:25pm SJU 4:23pm Terminal 0 Tarminal B American Airlines 1357 Economy / Coach (N) Confirm seats with the airline'' > e> Airline Rules & Regulations We understand that Bomollmas plans charge. We da not charge a cancel or change fee. When the alrllna charges such fees in accordance with Its own pollclaa, the coat will be pissed on to you. Tickets aro nonrefundable, ncnlransferable and name changes are not allowed. Please read the complete penalty rules for changes and cancellations Opens In a new window, applicable to (his fare. Pleaea read Important Information regarding airline liability limitation! Opens In a new window.. i CC Wo have confirmed your hotel reservation with the property. VI ow hotel details 540 Park Avenue, New York, NY, United States of America Tat: } , Fax: 1 (212! 0B8-2B96 ht1ps://mg.mail.yahoo.com/nao/launch7.ra nd=cu52034tbkbt4# /1

171 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 27 of 34 8/10/201T Itinerary: New York # * travelocity New York Aug 15, Aug 17, 2017 Itinerary # Important Information All passengers traveling to the US must provide valid travel documents and details of their full US destination address for US Immigration. Proof of citizenship Is required for International travel. Be sure to bring all necessary documentation (e.g. passport, visa, transit permit). To leam more, visit our Visa and Passport page. Price Summary Flight + Hotel $1, Total Price $1,073,90 AH prices Include taxes & fees and are quoted In US dollars. San Juan (SJU) - New York (JFK) Aug 15, Aug 17, 2017,1 round trip ticket Your ticket Is not yet confirmed. Wa are confirming It with the airline and will update your online Itinerary within 24 hours. TICKETING IN PROGRESS Additional Flight Services Traveler Information HECTOR M MAYOL Adult No frequent flyer details provided Ticketing In progress The airline may charge additional fees Opens in a new window, for checked baggage or other optional services. * Seat assignments, special meals, frequent flyer point awards and special assistance requests should be confirmed directly with the airline. Aug 15, Departure Nonstop Total travel time: 4 h 11 m San Juan \ SJU 5:20pm New York JFK 9:31pm American Airlines 1357 Economy / Coach (S) Confirm seats with the airline' 4 h 11 m Aug 17, Return Nonstop Total travel time: 3 h 58 m New York \ JFK 12:25pm San Juan SJU 4:23pm American Airlines 1357 Economy / Coach (N) Confirm seats with the airline* 3h 58 m Airline Rules ft Regulations Fares are not guaranteed until ticketed. 1/3

172 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 28 of 34 I! :! I I g 2 = S 5 -a * JS55-.: - vj 3 3 P S»«"-»» S2N= P g '? P <= «- S3?. F Si ^ S 5 J ggggggg ^ SI S 5X X I V illiill LO G"> 3 3 o X C?0 m m ms:z-tc3d?o-3h^ oi»--n3)?ccjm3 cn DM-ic>-(7ciTJiia>a.r?3r-^HM\oo o - xoxv/>«-h x» m -< ox*x vom *v» : rm<t- rn x z> 7* i/i : tnr* o *-< x x> ci x c x ar x'-s x "o <r 3-2-* owj n> x 3 rr. -< =c m OPO XX- W3 -ox x»-** <. m i on^ ~ x * O X* XX - X<.n X - a* c.*. r>* x rp *a fa *«a* J >* * - -H a* *a 00 i» 2 cn r_ f m :- I * S S 3 V- i* I-*- I* 10 ' ^ ia> ^ K-* on St- *% s gs r»«* = -J O-

173 1 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 29 of 34 9/ Booking Confirmation Total Extras; USD You're all set to jet! ConfinnatKin code: SCMVOVl: 5od4?U iv Tra elers i. U,X f It. Your flights San Juan. PR (5 Jin New York-Kennedy. MY (JFK) Flight 1404?irq" Hi,m Pm:> Via'. Ali-j U:00 AM \ior fijtj 5117, 1:50 PM NC'Stcu New York-Kennedy NY{uFKj S*n Juan PRfSJUi Flight 0003 Faro: Bliyo Plus f-ri fioti 1 iot '! 1,2 TAM K. 3no ' 2D PM JelBlue tyf'tt iiw AJ2C Tsxm &tw ' i / USU Total faro: $ USD Extras Mtp*7/bookJ«tbti».oom/B6/Connrm«ttonFofwart.»lo 1/2

174 * Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 30 of 34 9/2/2017 Transactions Posted transactions 08/29/ so OB/28/ /28/ I 08/27/ /27/ /26/ /25/ /25/ /24/ /24/ OB/24/ /23/ /22/ /22/ /22/17 OB/24/ JETBLUE UT 1ET0LUE AIRWAYS Questions about this purchase? Visit our *The merchant location may not match the physical address where you made your purchase, ft Is common far merchants to use the address of a central branch, headquarters ':l 08/19/ /19/17-3, /18/ /17/ /17/ /16/ /15/ /13/ /11/ /11/ /10/ /10/ /08/ /07/ TOTAL (Since last statement) 3, , ,055 hflps://www. bardaycardus.com/serv1dng/actlvlty 1/2

175 ,, - Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 31 of 34 jetblue jetbiue TSAPre/ Name: BOARDING PASS MAYOL/HECTOIcM MAYOL/HECTOR M Name: From : Depart r Date; i PM- Fram/To: New Yjark nfk) San JujirfC PR (S2U) 11:27 AM 01 Sep E6 3 3FK/SJU Tc; Arrive: Depart: Date: 3:20 PM 11:27 AM 01 Sep 17 Confirmation Boarding Time: Seat: SCMVOU 10:52 AM 04 22B n $eq IT I TV Flight; Seat: TrueBlue Number; Ticket Number: Class: B , z Boarding gate closes 15 minutes pr4 IBAG te deportur B6 3 22B TRUE BLUE; I. GATE FLIGHT BOARDING PASS CONFIRMATION: SCMVOU 140- TICKET NUMBER; / «jj II TVLPre/ A5 B6 BOARDING DOORS CLOSE 9:25 AM 9:45 m DEPARTURE 10:00 AM ARRIVAL 1:53 PM I Vj R KTjr. Ur i rir m iitfl SEAT f ' --< S PA i1 0 I 9B *. t V - 11 I i 'U- 'i t VJ August 28, 2017 Welcome abqard. MAYOL, HECTOR M h I C I San Juan, PR Your fare JFK New York IBAG r-rw

176 4 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 4 Exhibit E - Detailed Expenses Page 32 of 34 G R AN D HYATT' Grand Hyatt New York 109 East 42nd Street New York, NY Tel: Fax: INVOICE Payee Hector Mayol A35 Calle 1 Parques De San Ign San Juan Puerto Rico Confirmation No Room No. Arrival Departure Page No. 1 of 2 Folio Window 1 Group Name Folio No Booking No, Date Description Charges Credits OB Accommodation NY/NYC Sales Tax 8.875% NYC Occupancy Tax 5.B75% NYC Unit Occupancy Tax NYC Javits Occupancy Tax Accommodation NY/NYC Sales Tax 8.875% NYC Occupancy Tax 5.B75% NYC Unit Occupancy Tax NYC Javits Occupancy Tax Accommodation NY/NYC Sales Tax 8.875% NYC Occupancy Tax 5.875% NYC Unit Occupancy Tax NYC Javits Occupancy Tax Accommodation NY/NYC Sales Tax 8.875% NYC Occupancy Tax 5.875% NYC Unit Occupancy Tax NYC Javits Occupancy Tax American Express XXXXXXXXXXXX8000 xx/xx 1, Total 1, , Guest Signature Balance 0,00 I agree that my liability for this bill Is not waived end I agree to be held personally liable In tho event that the Indicated parson, company or association fails to pay for any part or the full amount of IhesB charges. World of Hyatt Summary No Membership to be credited Join World of Hyatt today and starl earning points for stays, dining and more. Visit www worldoihvall.com WE HOPE YOU ENJOYED YOUR STAY WITH USI How was your stay at the Grand Hyatt New York? Our goal Is to provide every guest with an excellent stay. We are interested to hear any comments regarding your visit. Please contact our Consumer Affairs Department via at: QUALITYNYCGH@HYATT.COM Lost and Found Inquiries: losl.foundnycgh@hyatt.com For Inquiries concerning your bill, please call Please remit payment to:

177 4 Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 33 of 34 *. MEDALLION : metropolitan area area METROPOLITAN U-X7- HACK t» CREDIT RECEIPT : MEDALLION : X01X1? 09:04-00:39 I^TURiSTICO TRIP tt : 6486 RATE # : 2 JFK - MANHATTAN Miles R2 : FROMjS^rVL FARE R2 : TO TOLLS «Mid-Tun:$5.76 *Tg;^ JSlCtD FARE STATE SRCHC: $0.50 IMP.SRCHG. : $0.30 LUGGAGE $ TIPS : $11.71 TOTAL $ GRAND TOTAL: $?0.27 AMEX **$8000 SIGNATURE AUTHOR. : MID*. n u»1 U***34 THANK YOU FOR YOUR VISIT TO PUERTO RICO* ENTRY METHOD: CONTACT CHIP AID: A APPL. NAME: CREDIT RECEIPT AMERICAN EXPRESS HACK ft : ATC! CREDIT RECEIPT ACi 2U86 5C70FDl88532«DbJ TRIP #17 14:28~15,15 HACK tt RECXINU#: 6486 : 5428 MEDALLION 7C27 RATE # TID: 44. f l *4569 : 2 08X31X17 08:50-09:02 JFK - MANHATTAN Miles R2 : FARE R2 : $52.00 TOLLS! TRIP # : RATE H : STAND. CITY RATE Miles R1 : FARE R1 : STATE SRCHG: IMP.SRCHG. : DESCRIPTION: ftfigo $ Mid-Tuns$5.76 $9.00 Signature! STATE SRCHG: $0.50 $0.50 IMP.SRCHG. : $0.30 $0.30 TIPS TIPS $1.96 GRAND TOTAL: $66.56 $11.76 ***4644 MASTER C ***4644 AUTHOR. : AUTHOR. : MID! MID: ***********807 entry netso"?*""'*533 ENTRY METHOD: MAYOLXHECTOR CONTACT CHIP AID! A CARDHOLDER ACKNOUtEDGES APPL. NAME: APPL. NAME: MASTERCARD.MASTERCARD ATC! ATC! 00F5 RMOUNT OF THE INDICATED AND AGREES U) AC: 00F4 AC: E7CFC4D3 PERFORM rut- Cl: I GAT 101 IS. RECXINU#: RECXINU#: AGREEMENT 111 fh ISSUER TID: ***********444 TID! MASTER C A05C3BCBC3BF90CE $8.00 Contact TLC DIAL GRAND TOTAL CONTACT CHIP AID: A ***********568 Contact TLC DIAL I 0012 RECEIPT OF FUNDS IN THE NOTED IN CARDHOLDER'S - <p s - -i -t

178 «L Case: LTS Doc#: Filed:11/15/17 Entered:11/15/17 21:06:01 Exhibit E - Detailed Expenses Page 34 of 34 GRAND HYATT NEW YORK rn«rket 34 LUIS DELGADO ;HK 2569 AUG BISCUIT 1 COFFEE FOOD SALES * TAX TOTAL PAID $ CASH $ CHANGE DUE 7:52AM B CLOSED AUG29 7:53AM World of Hyatt today and start earning points for stays, dining and more. Visit worldofhyatt.com. *Not point earning eligible. #Not point redemption eligible. JOIN US ON TWITTER 8 FACEBDOK fmarkethyattnyc O'Brien's Ir1sh Pub 134 Herat 46th Street New York, NY Cheek /2B/17-A 7 : 14pm Guests 1 HICHELLE 1.. BUD 1.. TODAY'S CATCH Table D Items Tax 2.39 TOTAL Listed Below is the Suggested Gratuity 15X Suggested Gratuity: X Suggested Gratuity: X Suggested Gratuity: 5.B5 THAW YOU FOR YOUR PATRONAGE GO RAIBH MILE HAITH AGAT Go n eiri an bothar leaf. SEE YOU AGAIN SOON. HI I!? i r yr. v- (A I i r.! 2* : j r; v o 0 t II r: i f i i..? : 1?: :T ' % k 4T «- i>. i - l* I fj.? -.-i If Jf 10 1? k* ~ «a 1 i i u ' i o ** h 0 o< s;? L< r