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Docket #10189 Date Filed: 5/18/2012 ¨0¤q6=,%2 %t« 0812229120518000000000005 INVOICE Valuation Research Corporation REMIT TO: P.O. Box 809061 Chicago, IL 60680-9061 Phone: 414/271-8662 Fax: 414/271-1397 Federal ID #39-1214928 Invoice Date Invoice Number Project Number Washington Mutual, Inc. 925 Fourth Street Suite 2500 Seattle, WA 98104 ATTN: Chad Smith General Counsel Billing for professional services furnished in accordance with your authorization. Service regarding vaulation of Washington Mutual, Inc. Professional Services $ 120,000.00 $ 672.66 Meals Misc Expense $ 2,560.64 Invoice Total $123,233.30 Funds should be wired to: USBank ABA# 0750-00022 Credit to Valuation Research Corporation For credit to Account Number 182 380 404 257 **Please reference invoice number on wire.** Please remit payment upon receipt. A service charge of 1% per month will be assessed on balances remaining unpaid 30 days after the date of the original invoice. May 9, 2012 020009 07948 INVOICE Invoice Date: May 9, 2012 Invoice Number: 020009 Project Number: 07948 Washington Mutual, Inc. Date VRC 4/23/11 4/30/11 5/4/11 Walter O'Haire Walter O'Haire Ryan Montoya 5/7/11 5/10/11 5/10/11 5/11/11 5/12/11 5/14/11 5/16/11 5/16/11 5/21/11 5/28/11 6/7/11 6/13/11 Walter O'Haire Rob Barnett Ryan Montoya Rob Barnett Rob Barnett Walter O'Haire Rob Barnett Ryan Montoya Walter O'Haire Walter O'Haire Ryan Montoya Walter O'Haire 6/22/11 6/28/11 6/30/11 Walter O'Haire Ryan Montoya Walter O'Haire 7/1/11 7/1/11 7/2/11 7/16/11 7/18/11 7/18/11 7/19/11 7/19/11 7/26/11 Walter O'Haire Ryan Montoya Rob Barnett Rob Barnett Walter O'Haire O Haire Ryan Montoya Walter O'Haire Ryan Montoya Walter O'Haire 7/27/11 Walter O'Haire 7/28/11 7/29/11 8/1/11 8/1/11 Walter O'Haire Walter O'Haire Ryan Montoya 8/2/11 8/2/11 8/3/11 8/3/11 8/3/11 8/4/11 8/4/11 8/5/11 8/5/11 8/8/11 8/8/11 8/8/11 8/9/11 8/9/11 8/11/11 8/11/11 8/12/11 Walter O'Haire Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Walter O'Haire Ryan Montoya Walter O'Haire Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Rob Barnett Ryan Montoya Ryan Montoya Description Review of underlying litigation brief for all federal litiagion, including 1905 Agency litigation, branching and RAP rights in both district court, appellate court, and Court of Federal Claims. Continue review of briefs and outline position of the parties and scope of legal arguments advanced Read court opinion (6th Amended Joint Plan) Research amounts at issue for underlying federal claims, separate from any applicable interest and penalties. Begin outlining range of refunds depending on range of outcomes Trip to Seattle and preparation Review court opinion and internal notes Meeting with WMI and A&M in Seattle Composition of notes and review of files Review of state refunds and state litigation claims Discussions with Ryan and various admin regarding the project Review internal notes and company presentations Continue review of state refunds and state litigation claims Begin outlining range of refunds and litigation claims on a state-by-state basis for larger state refunds and claims Review trust notes and documents Administrative matters and billing (0.5) Work on engagement of Sideman & Bancroft as tax specialist advising on tax refund litigation being contributed to Liquidating Trust (1.2) Print and organize files Outline draft report, identify various section of Liquidating Trust valuation, prepare sample report for Debtor's review (1.5) Review California tax refund dispute for discussion with tax specialist (1.5); work on engagement letter to retain tax specialist and confidentiality agreement (.5) Print and organize files Review of Tax Refunds, assets and notes Model work for non-tax related assets 5) Review additonal California materials in connection with California state tax refund dispute (0 (0.5) Populate additional info request Prepare for meeting with Sideman law firm and attend meeting with Sideman and Rob Barnett Edit and finalize additional info request Work on 1905 Agency tax refund analysis (1.0) Review of additional documents relating to Liquidating Trust and email A&M for further clarification (1.0); continue working on 1905 Agency review and analysis (0.5) Review of Keyston litigation documentation (1.0); Conf. with R. Jain and J. Golding of Alvarez & Marsal (0.5); further work on 1905 Agency (1.0) Finalize 1905 write-up; follow-up meeting with Sideman (2.5) Complete review and summary of 1905 Agency litigation Download and file provided client info Internal WaMu conference re: work load, projects (0.5 hours), review of California tax dispute and underlying issues (0.7); review C. Brouwer comments regarding 1905 agency (0.5) Review provided client info Build out model template Contact non-litigation asset third party to review data Input client data and build model for non-litigation assets Meeting in Seattle with Alvarez & Marsal and WaMu: 3.5 hours total (Washington State) Input client data and build model for non-litigation assets Meeting with Sideman law firm regarding state tax litigation and follow-up work in connection with meeting Input client data and build model for non-litigation assets Review model and organize outstanding data Input client data and build model for non-litigation assets Write descriptions for non-litigation assets Write descriptions for non-litigation assets Review model and organize outstanding data Model - BOLI/COLI income approach (4 hrs) Build model for non-litigation assets Build model for non-litigation assets Hours Rate 7.00 $ 8.00 $ 3.00 $ Amount 375.00 375.00 285.00 $ $ $ 2,625.00 3,000.00 855.00 $ $ $ $ $ $ $ $ $ $ $ $ 375.00 425.00 285.00 425.00 425.00 375.00 425.00 285.00 375.00 375.00 285.00 375.00 $ $ $ $ $ $ $ $ $ $ $ $ 1,500.00 1,700.00 855.00 2,550.00 2,550.00 4,500.00 637.50 1,140.00 3,375.00 750.00 855.00 18.75 1.20 $ 2.00 $ 1.50 $ 375.00 285.00 375.00 $ $ $ 450.00 570.00 562.50 2.00 3.00 6.00 6.00 0 05 0.05 2.00 4.50 2.00 1.00 $ $ $ $ $ $ $ $ $ 375.00 285.00 425.00 425.00 375 00 375.00 285.00 375.00 285.00 375.00 $ $ $ $ $ $ $ $ $ 750.00 855.00 2,550.00 2,550.00 18 75 18.75 570.00 1,687.50 570.00 375.00 1.50 $ 375.00 $ 562.50 2.50 2.50 2.20 3.00 $ $ $ $ 375.00 375.00 375.00 285.00 $ $ $ $ 937.50 937.50 825.00 855.00 1.70 3.00 2.50 0.50 5.00 3.50 8.00 2.50 8.00 1.50 1.50 3.00 4.75 1.25 4.00 2.00 2.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 375.00 285.00 285.00 285.00 285.00 375.00 285.00 375.00 285.00 285.00 285.00 285.00 285.00 285.00 425.00 285.00 285.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 637.50 855.00 712.50 142.50 1,425.00 1,312.50 2,280.00 937.50 2,280.00 427.50 427.50 855.00 1,353.75 356.25 1,700.00 570.00 570.00 4.00 4.00 3.00 6.00 6.00 12.00 1.50 4.00 9.00 2.00 3.00 0.05 INVOICE Invoice Date: May 9, 2012 Invoice Number: 020009 Project Number: 07948 Washington Mutual, Inc. Date VRC 4/23/11 8/12/11 8/12/11 8/13/11 8/15/11 8/15/11 8/15/11 8/16/11 8/16/11 8/16/11 8/16/11 8/16/11 8/17/11 8/17/11 8/17/11 8/17/11 Walter O'Haire Ryan Montoya Ryan Montoya Ryan Montoya Walter O'Haire Rob Barnett Ryan Montoya Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya Ryan Montoya Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya 8/18/11 8/18/11 8/18/11 8/18/11 Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya 8/19/11 8/19/11 8/19/11 8/19/11 8/19/11 8/19/11 08/19/11 8/20/11 8/22/11 8/22/11 8/26/11 8/29/11 8/29/11 8/29/11 8/29/11 8/31/11 1/11/2012 2/2/2012 2/2/2012 2/3/2012 2/3/2012 2/3/2012 Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Scott Crockett Walter O'Haire Ryan Montoya Ryan Montoya Rob Barnett Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya Walter O'Haire Walter O'Haire Rob Barnett Walter O'Haire Monica Faye Rob Barnett Ryan Montoya 2/3/2012 2/23/2012 2/24/2012 2/27/2012 2/27/2012 2/29/2012 3/1/2012 3/1/2012 3/3/2012 3/6/2012 Walter O'Haire Walter O'Haire Walter O'Haire Rob Barnett Ryan Montoya Ryan Montoya Rob Barnett Ryan Montoya Ryan Montoya Ryan Montoya Description Review of underlying litigation brief for all federal litiagion, including 1905 Agency litigation, branching and RAP rights in both district court, appellate court, and Court of Federal Claims. Review model Organize to do items and outstanidng info Build model for non-litigation assets; review non-litigation assets Review Oregon and California state tax disputes Model - Assurant Trust income approach (3 hrs), call with Peter Struck (1 hr) Review model and asset descriptions Review federal tax disputes and assess overall claim status for 8.31.11 valuation date Model development (Excel formulation and support) across LT assets (other than tax litigation) (4 hrs) Review model and asset descriptions Prepare for call to review non-litigation asset Call to review non-litigation asset Review of California and Oregon tax disputes (1.5); continue assessing overall claim size for federal claims Model development (Excel formulation and support) across LT assets (other than tax lititgation) (6 hrs) Finalize modeling of non-litigation assets Incorporate litigation asset schedules into model Complete work on initial valuation of all assets (0.9); conf with C. Brouwer re federal claims (0.2); conf. with J. Fisher and R. Jain (0.5); draft summary of litigation an summary of state claims (2.5) Report - introduction, summary and conclusion (3 hrs); meeting at Sideman & Bancroft (1 hr) Incorporate litigation asset schedules into model Review model Review California claims (0.3); review current valuation data and discussions with Alvarez & Marsal re: valuation approach and status of project (0.7) Model - decision trees and probabilities (3 hrs), descriptions (1 hr) Review model Review client data Make corrections to model Review model Edit grammar and formatting Follow-up work on litigation sections of valuation (0.5) Review model and assets Prepare edit and review report Report - descriptions (2 hrs), approach (2 hrs), valuation exhibits (2 hrs) Call to discuss status of VRC work on valuation of all assets being contributed to Liquidating Trust Team call to discuss the report at a high level Call with client Update model based on call Call re: valuation project with Alvarez & Marsal and next steps Discussions with WaMu and A&M regarding developments over last months with respect to tax refunds and tax litigation Review and edit draft report Prepare for meeting to review draft valuation report Assist in review of draft valuation report and math check Prepare for meeting with A&M and others to discuss draft report Prepare report for meeting; attend meeting to discuss draft report, incorporate changes into draft report Attend meeting to discuss valuation approaches, underlying assumptions and status of valuation of assets being transferred to the WMI Liquidating Trust Review developments in federal tax refund litigation Review developments in state tax refund litigation Review Run-Off Notes and analysis to ascertain valuation of Run-Off Notes Review Run-Off Note documents and projections; conf. call re: Run-Off Notes. Review documents and search for comparables to value Run-Off Notes; build model for Run-Off Notes Follow up work on Run-Off Notes Continue modeling out Run-Off Notes and write description of Run-Off Notes and valuation approach Review of Run-Off Notes and discussion with A&M regarding notes Review and edit draft valuation report Hours Rate Amount 7.00 1.50 0.50 6.00 1.10 4.00 2.00 0.70 4.00 1.00 0.50 0.50 2.10 6.00 4.00 4.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 375.00 285.00 285.00 285.00 375.00 425.00 285.00 375.00 425.00 285.00 285.00 285.00 375.00 425.00 285.00 285.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,625.00 427.50 142.50 1,710.00 412.50 1,700.00 570.00 262.50 1,700.00 285.00 142.50 142.50 787.50 2,550.00 1,140.00 1,140.00 4.10 4.00 6.00 2.00 $ $ $ $ 375.00 425.00 285.00 285.00 $ $ $ $ 1,537.50 1,700.00 1,710.00 570.00 1.00 4.00 2.50 1 50 1.50 2.00 2.00 1.00 0.50 2.00 4.00 6.00 1.00 1.00 1.00 1.00 0.50 5.50 2.00 3.50 1.75 5.75 7.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 375.00 425.00 285.00 285 00 285.00 285.00 285.00 285.00 375.00 285.00 285.00 425.00 375.00 425.00 285.00 285.00 375.00 375.00 425.00 375.00 285.00 425.00 285.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 375.00 1,700.00 712.50 427 50 427.50 570.00 570.00 285.00 187.50 570.00 1,140.00 2,550.00 375.00 425.00 285.00 285.00 187.50 2,062.50 850.00 1,312.50 498.75 2,443.75 1,995.00 5.50 4.00 1.25 5.75 2.00 4.00 5.75 4.00 3.25 4.00 $ $ $ $ $ $ $ $ $ $ 375.00 375.00 375.00 425.00 285.00 285.00 425.00 285.00 285.00 285.00 $ $ $ $ $ $ $ $ $ $ 2,062.50 1,500.00 468.75 2,443.75 570.00 1,140.00 2,443.75 1,140.00 926.25 1,140.00 INVOICE Invoice Date: May 9, 2012 Invoice Number: 020009 Project Number: 07948 Washington Mutual, Inc. Date VRC Description 4/23/11 3/6/2012 3/7/2012 3/7/2012 3/8/2012 3/9/2012 3/13/2012 3/14/2012 3/14/2012 3/15/2012 3/16/2012 3/16/2012 3/19/2012 Walter O'Haire Walter O'Haire Rob Barnett Walter O'Haire Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Ryan Montoya Scott Crockett Walter O'Haire Ryan Montoya Review of underlying litigation brief for all federal litiagion, including 1905 Agency litigation, branching and RAP rights in both district court, appellate court, and Court of Federal Claims. Prepare for Sideman meeting to discuss tax litigation Meeting with Sideman to discuss tax refunds and tax litigation Meeting with Sideman to discuss tax refund and tax litigation Continue with review and edits to draft report Review and edit report Internal meeting to review report and final edits Continue finalizing report Prepare to finalize report as of the Effective Date Continue final review and corrections to draft report to be finalized as of Effective Date Assist in final review and completion of VRC report Assist in final review and completion of VRC report Complete final valuation report for assets being contributed to the Liquidating Trust as of the Effective Date Hours Rate 7.00 4.25 2.00 2.00 2.00 1.00 2.00 2.00 2.00 2.00 2.00 3.20 1.00 $ $ $ $ $ $ $ $ $ $ $ $ $ 375.00 375.00 425.00 375.00 285.00 285.00 285.00 285.00 285.00 285.00 285.00 375.00 285.00 $ $ $ $ $ $ $ $ $ $ $ $ $ 2,625.00 1,593.75 850.00 750.00 570.00 285.00 570.00 570.00 570.00 570.00 570.00 1,200.00 285.00 $ 120,036.25 $ (36.25) $ 120,000.00 Adjustment TOTAL BILL 5/11/2011 5/11/2011 5/11/2011 5/12/2011 5/12/2011 5/12/2011 5/12/2011 10/17/2011 1/11/2012 1/11/2012 1/11/2012 1/11/2012 1/11/2012 1/12/2011 2/6/2012 2/8/2012 2/23/2012 2/23/2012 2/27/2012 Walter O'Haire Walter O'Haire Robert Barnett Walter O'Haire Walter O'Haire Robert Barnett Robert Barnett Robert Barnett Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire TOTAL TRAVEL Airfare Hotel Room \ Hotel Misc Exp Airfare Ground Transportation Ground Transportation Hotel Room \ Hotel Misc Exp Ground Transportation Airfare Ground Transportation Ground Transportation Airfare Hotel Room \ Hotel Misc Exp Ground Transportation Pacer Research Airfare Ground Transportation Ground Transportation Hotel Room \ Hotel Misc Exp Ground Transportation $ 460.40 $ 238.19 $ 217.40 $ 55.00 $ 50.00 $ 193.05 $ 45.00 259 40 $ 259.40 $ 64.00 $ 50.00 $ 305.40 $ 195.05 $ 40.00 $ 20.40 $ 94.80 $ 24.00 $ 28.00 $ 195.05 $ 25.50 $ 2,560.64 5/11/2011 5/11/2011 5/12/2011 5/12/2011 5/12/2011 8/13/2011 1/11/2012 2/5/2012 2/23/2012 2/24/2012 Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Robert Barnett Ryan Montoya Walter O'Haire Walter O'Haire Walter O'Haire Walter O'Haire Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals Billable Meals $ $ $ $ $ $ $ $ $ $ 39.70 100.00 30.39 19.10 40.20 52.49 104.00 246.96 16.82 23.00 $ 672.66 TOTAL TRAVEL (Meals) Amount SIDEMAN & BANCROFT LLP PRIVILEGED AND CONFIDENTIAL One Embarcadero Center, Eig hth Floor San Francisco, California 94111-3629 Telephone: 415.392.1960 Facsimile: 415.392.0827 Federal Tax ID: 94-3254966 Valuation Research Corporation Attention: Walter O'Haire, Vice President 50 California Street, 30th Floor San Francisco, CA 94111 Invoice 96414 - 100017 April 24, 2012 ID: 7208-0001 - EJK Re: WAMU Tax Claims Analysis For Services Rendered Through 4/24/2012 Current Fees Current Disbursements 58,596.50 636.35 Total Current Charges Courtesy Discount Total Current Due 59,232.85 -3,596.50 55,636.35 Fee Recap Steven M. Katz C. Jean Ryan Robert R. Cross Emily J. Kingston Karen L. Calarco Hours 33.50 38.70 0.30 28.20 1.20 Partner Partner Partner Partner Law Librarian Totals Rate/Hour 550.00 625.00 600.00 550.00 245.00 101.90 Amount 18,425.00 24,187.50 180.00 15,510.00 294.00 58,596.50 Disbursements Description Photocopies Amount 7.80 53.75 574.80 Online Research Total Disbursements Fees 636.35 Sideman & Bancroft LLP Valuation Research Corporation I.D. 7208 Re: WAMU Tax Claims Analysis Date Atty Description 05/09/11 SMK Review summaries of issues 1 and 2 and key documents 05/09/11 EJK Conference with Steven Katz re: matter; review of materials provided by Walter O'Haire; review of additional materials re: California matter. 05/16/11 EJK Review of recognition of timing issues in preparation for meeting with Walter O'Haire; meeting with Steven Katz, Jay Weill; meeting with Walter O'Haire re: matter. 05/16/11 SMK Prep for and meeting with Walter O'Haire 06/30/11 SMK Research re California REIT, RIC issue 07/01/11 SMK Research re Oregon issues; review 1905 Agency pleadings; research re same 07/06/11 EJK Email to Walter re: documents. 07/08/11 CJR Conference with Steven Katz and Emily Kingston; review Oregon materials. 07/08/11 EJK Conferences with Steven Katz and Jean Ryan re: issues. 07/08/11 SMK Review Oregon documents and conference with Jean Ryan, Emily Kingston re same 07/09/11 SMK Review Oregon documents 07/11/11 CJR Review Oregon and California materials; legal research regarding REIT issues; conference with Steven Katz. 07/11/11 EJK Review of 1905 Agency case. 07/11/11 SMK Conference with Jean Ryan re REIT issues; review California materials 07/12/11 SMK Call and email Walter O'Haire re California materials; conference with Jean Ryan re REIT issues 07/12/11 EJK Review of 1905 Agency case. 07/12/11 CJR Begin review of Oregon position papers; letter regarding REITs. 07/13/11 CJR Further review of REIT materials, legal research; conference with Steven Katz. 07/13/11 EJK Conference with Steven Katz re: 1905 Agency claim. 07/13/11 SMK Conference with Emily Kingston re 1905 agency case; review briefs re same; conference with Jean Ryan re Oregon case 07/14/11 CJR Legal research regarding Oregon legislative history, REITS; review materials on California REITs. 07/14/11 SMK Email Walter O'Haire re meetings; research re Oregon issue; research re 1905 Agency issue 07/14/11 KLC Research regarding the legislative history of Oregon House Bill 20545. 07/15/11 EJK Conferences re: 1905 agency matter with Steven Katz. 07/15/11 CJR Further legal research and analysis regarding California tax issues; 07/15/11 SMK Conference with Emily Kingston and research and analysis of 1905 Agency case; email Walter re REIT documents; conferences with Jean Ryan re California issues April 24, 2012 Invoice 96414 Page 2 Hours 1.50 0.80 Rate 550.00 550.00 Amount 825.00 440.00 2.40 550.00 1,320.00 0.80 1.50 3.00 550.00 550.00 550.00 440.00 825.00 1,650.00 0.10 0.40 550.00 625.00 55.00 250.00 0.90 1.00 550.00 550.00 495.00 550.00 1.00 1.60 550.00 625.00 550.00 1,000.00 3.00 1.00 550.00 550.00 1,650.00 550.00 0.30 550.00 165.00 1.40 0.80 1.10 550.00 625.00 625.00 770.00 500.00 687.50 0.40 1.10 550.00 550.00 220.00 605.00 1.40 625.00 875.00 1.20 550.00 660.00 1.20 245.00 294.00 0.50 1.40 1.60 550.00 625.00 550.00 275.00 875.00 880.00 Sideman & Bancroft LLP Valuation Research Corporation I.D. 7208 Re: WAMU Tax Claims Analysis Date Atty Description 07/17/11 SMK Analysis of 1905 Agency issue 07/18/11 CJR Conference with Steven Katz and Emily Kingston regarding 1905 Agency issues; legal research regarding REIT issues. 07/18/11 SMK Research re 1905 Agency issue; conference with Emily Kingston re same 07/18/11 EJK Review and analysis of 1905 Agency claim; conference with Steven Katz and Jean Ryan re: same; further review of regulations, cases. 07/19/11 CJR Review California audit issue presentation sheets; legal research regarding issues raised; meeting with Steven Katz; meeting with Steven Katz, Emily Kingston, W. O'Haire and Robert Barnett. 07/19/11 EJK Continued review of 1905 agency matter; research re: same; conference with Steven Katz re: same; preparation for and attendance at meeting with Walter O'Haire, Robert Barnett, VRC, re: 1905 refund claims; emails to Walter following meeting with copies of relevant IRC sections and treasury regulation, Rev. Procs., and case law. 07/19/11 SMK Prep for and meeting re 1905 Agency issue and California, Oregon issues 07/20/11 SMK Review additional California documents 07/25/11 CJR Further legal research regarding Oregon REIT issues; 07/26/11 CJR Further legal research and analysis of Oregon REIT issues, including research on other states' REIT rules, Oregon statutes and Oregon cases; review Oregon documents; legal research regarding California dividends received deduction. 07/27/11 CJR Further legal research regarding California consent dividends; bad debt deductions; REIT qualification; NOL carryovers, RIC status and dividends, California penalty structure; California bond issues. 07/28/11 EJK Email from Walter re: 1905 agency claim; discussion with Walter re: same. 07/28/11 CJR Further legal research regarding bad debt/REIT issues, RICs. 07/29/11 CJR Further legal research regarding California issues; e-mails to Walter; e-mail on reserve method. 07/29/11 EJK Preparation for and meeting with Walter re: 1905 agency claim. 07/29/11 SMK Review emails from Jean Ryan re California issues 07/29/11 EJK Preparation for and meeting with Walter re: 1905 agency claim. 08/01/11 CJR Further legal research regarding bad debt, unitary tax issues; legal research regarding treatment of US government obligations. 08/01/11 SMK Call with Jean Ryan re California issues 08/02/11 CJR Further legal research regarding California issues; conference with Steven Katz. 08/02/11 SMK Conference with Jean Ryan re California issues 08/02/11 SMK Analysis of California penalty issues April 24, 2012 Invoice 96414 Page 3 Hours 0.70 0.70 Rate 550.00 625.00 Amount 385.00 437.50 1.30 550.00 715.00 5.50 550.00 3,025.00 3.10 625.00 1,937.50 8.30 550.00 4,565.00 4.00 550.00 2,200.00 1.00 0.60 5.10 550.00 625.00 625.00 550.00 375.00 3,187.50 3.80 625.00 2,375.00 0.10 550.00 55.00 2.90 1.30 625.00 625.00 1,812.50 812.50 0.30 0.40 0.40 0.80 550.00 550.00 550.00 625.00 165.00 220.00 220.00 500.00 0.10 0.80 550.00 625.00 55.00 500.00 0.40 1.00 550.00 550.00 220.00 550.00 Sideman & Bancroft LLP Valuation Research Corporation I.D. 7208 Re: WAMU Tax Claims Analysis Date 08/03/11 08/03/11 08/04/11 Atty CJR SMK CJR 08/04/11 SMK 08/04/11 RRC 08/05/11 CJR 08/05/11 SMK 08/09/11 CJR 08/09/11 SMK 08/18/11 CJR 08/18/11 SMK 03/02/12 CJR 03/02/12 EJK 03/05/12 CJR 03/05/12 SMK 03/05/12 EJK 03/06/12 CJR 03/06/12 SMK 03/06/12 EJK April 24, 2012 Invoice 96414 Page 4 Description Prepare outline of Oregon REIT issue for meeting; Analysis of California penalty issues Further legal research regarding California and Oregon issues in preparation for meeting; telephone conference with Walter. Analysis of California issues, penalties; conference with Jean Ryan re Oregon and California issues in preparation for meeting with VRC Conference with S. Katz re bankruptcy tax issue. Prepare for and attend meeting with Steven Katz, W. O'Haire and Robert Pedersen; review memorandum on NOL carryovers. Prep for and meeting with VRC Review, augment and revise decision tree on Oregon issue. Review Oregon slides and conference with Jean Ryan re same; email Walter re same Review summary from Walter; analyze percentages; meeting with VCR, Steven Katz Prep for and meeting with VCR re decision trees for Oregon and California Telephone conference with Emily Kingston and Walter; review files; legal research regarding REITs. Conference with Walter re: additional review. Legal research regarding REIT, RIC and related issues; review Curt Brouwer declaration; further legal research regarding REITs and RICs Conference with Jean Ryan re updates; email Walter O'Haire re same. Review of additional brief. Further legal research regarding RIC and related issues; conference with Steven Katz; meeting with Walter O'Haire, Robert Barnett and Steven Katz. Review updates and conferences with Jean Ryan and Emily Kingston in prep for meeting with Walter O'Haire. Review of additional briefing; analysis of matter; meeting with Walter O'Haire re: 1905 issues. Total Fees Date 08/24/11 Hours 0.90 1.00 3.30 Rate 625.00 550.00 625.00 Amount 562.50 550.00 2,062.50 1.80 550.00 990.00 0.30 2.30 600.00 625.00 180.00 1,437.50 2.00 0.30 1.00 550.00 625.00 550.00 1,100.00 187.50 550.00 1.30 625.00 812.50 1.00 550.00 550.00 1.10 625.00 687.50 0.30 1.90 550.00 625.00 165.00 1,187.50 0.50 550.00 275.00 0.20 1.80 550.00 625.00 110.00 1,125.00 3.30 550.00 1,815.00 3.60 550.00 1,980.00 101.90 Disbursements Description Photocopies Online Research Document Delivery Service from LA County Law Library, 8/16/11 Statement; Chase Card Services 58,596.50 Amount 7.80 574.80 53.75 Sideman & Bancroft LLP Valuation Research Corporation I.D. 7208 Re: WAMU Tax Claims Analysis Date April 24, 2012 Invoice 96414 Page 5 Description Amount Total Disbursements 636.35
