HTML Document View

Full title: Monthly Staffing Report for Filing Period February 1, 2021 Through and Including February 28, 2021 , Statement of Professionals' Compensation of Asgaard Capital LLC Filed by Suitable Technologies, Inc.. Objections due by 3/18/2021. (Feldman, Betsy) (Entered: 03/04/2021)

Document posted on Mar 3, 2021 in the bankruptcy, 14 pages and 3 tables.

Bankrupt11 Summary (Automatically Generated)

Reardon: R Poppiti, D Black and CR on budget and scheduling call tonswer Lender questions ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.20 $815.00 $163.0eardon: D Black and CR on question raised by Lender on latest budgetase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.40 $815.00 $326.0eardon: C Miller, T Haskins, R Poppiti, D Black and CR on reformatting parts ofudget for use in loan amendment ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.20 $815.00 $163.0eardon: D Black and CR to discuss work product needed in response toformation requested by lender's counsel ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.50 $815.00 $407.5eardon: D Black, R Poppiti and CR to discuss questions raised by lender'sounsel in preparation for call with same, including review of previously suppliedudget ase Administration - 02/12/2021 - Email correspondence between/among / 0.20 $815.00 $163.0harlie Reardon: D Black, R Poppiti and CR on revised schedules for lenderase Administration - 02/14/2021 - General Diligence / David Black: Work on 1.30 $525.00 $682.5OR workpapers; ase Administration - 02/15/2021 - General Diligence / David Black: Work on 0.90 $525.00 $472.5OR workpapers; ase Administration - 02/17/2021 -Participate in calls between/among / Liran 0.30 $635.00 $190.5ordon: CRO, counsel, David B re case developments and next stepsase Administration - 02/17/2021 - Participate in calls between/among / Charlie 0.30 $815.00 $244.5eardon: R Poppiti, B Feldman, L Gordon, D Black and CR on case and lenderunding status ase Administration - 02/17/2021 - Strategize and develop/evaluate alternatives / 0.40 $815.00 $326.0harlie Reardon: for paths forward under different settlement/funding scenariosase Administration - 02/18/2021 - General Diligence / David Black: Work on 1.90 $525.00 $997.5OR workpapers; ase Administration - 02/19/2021 - General Diligence / David Black: Work on 1.50 $525.00 $787.5OR workpapers; ase Administration - 02/22/2021 - Review Financial Statements and Company 0.20 $815.00 $163.0eports / Charlie Reardon:R Poppiti, D Black, L Gordon and CR on revised budget or payment; ash Management and Reporting - 02/01/2021 - General Diligence / David Black: 1.80 $525.00 $945.0ork on new DIP budget; ash Management and Reporting - 02/02/2021 - Review Financial Statements 0.70 $635.00 $444.5nd Company Reports / Liran Gordon: reviewing budget ash Management and Reporting - 02/02/2021 - Email correspondence 0.20 $525.00 $105.0etween/among / David Black: Email with E Steele re: YCST escrow accountntries; ash Management and Reporting - 02/02/2021 - Email correspondence 0.10 $525.00 $52.5etween/among / David Black: Email with D Conry re: handling of Krantz billingshru retainer; ash Management and Reporting - 02/02/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on updated DIP budget; ash Management and Reporting - 02/02/2021 -

List of Tables

Page 1

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 SUITABLE TECHNOLOGIES, INC.,1 Case No. 20-10432 (MFW) Debtor. Ref. Docket No. 73 Objection Deadline: March 18, 2021 at 4:00 p.m. (ET) NOTICE OF FILING OF TWELFTH STAFFING AND FEE STATEMENT OF ASGAARD CAPITAL LLC FOR THE PERIOD FEBRUARY 1, 2021 THROUGH AND INCLUDING FEBRUARY 28, 2021 PLEASE TAKE NOTICE that, in accordance with the procedures set forth in the Order Authorizing (I) the Employment and Retention of Asgaard Capital LLC to Provide the Debtor a Chief Restructuring Officer and Certain Additional Personnel and (II) the Designation of Charles Reardon as Chief Restructuring Officer for the Debtor, Effective as of the Petition Date [Docket No. 73] (the “Retention Order”), Asgaard Capital LLC has filed its staffing and fee statement for the period February 1, 2021 through and including February 28, 2021 (the “Staffing and Fee Statement”), with the United States Bankruptcy Court for the District of Delaware. PLEASE TAKE FURTHER NOTICE that objections, if any, to the Staffing and Fee Statement must be made in accordance with the Retention Order and must be filed and served upon the undersigned counsel so as to be received on or before March 18, 2021 at 4:00 p.m. (ET) (the “Objection Deadline”). [Signature Page Follows] 1 The last four digits of the Debtor’s United States federal tax identification number are 7816. The Debtor’s mailing address is 921 East Charleston Road, Palo Alto, CA 94303.

Page 2

Dated: March 4, 2021 YOUNG CONAWAY STARGATT & TAYLOR, LLP Wilmington, Delaware /s/ Betsy L. Feldman Robert S. Brady (No. 2847) Robert F. Poppiti, Jr. (No. 5052) Betsy L. Feldman (No. 6410) Rodney Square, 1000 North King Street Wilmington, Delaware 19801 Telephone: (302) 571-6600 Facsimile: (302) 571-1253 Emails: rbrady@ycst.com rpoppiti@ycst.com bfeldman@ycst.com Counsel to the Debtor and Debtor in Possession

Page 3

In re: Chapter 11 SUITABLE TECHNOLOGIES, INC., 1 Case No. 20-10432 (MFW) Debtor Objection Deadline: March 18, 2021 at 4:00 p.m. TWELTH STAFFING AND COMPENSATION REPORT OF ASGAARD CAPITAL LLCFOR THE PERIOD February 1 - 28, 2021 Name of Applicant: Asgaard Capital LLC Authorized to provide professional services to: Debtor and Debtor in PossessionDate of retention: March 24, 2020, nunc pro tunc to Petition DatePeriod for which compensation and February 1-28, 2021 reimbursement is sought: Amount of compensation sought $35,787.50 as actual, reasonable, and necessary: Amount of expense reimbursement sought as $0.00 actual, reasonable, and necessary: Exhibit A: Summary of Asgaard Capital LLC Fees Exhibit B: Summary of Asgaard Capital LLC Professional fees By Consultant Exhibit C: Summary of Asgaard Capital LLC Fees by Activity Exhibit D: Asgaard Capital LLC Detailed Time & Fee Statement 1 The last four digits of the Debtor's United States federal tax identification number are 7816. The Debtor's mailingaddress is 921 East Charleston Road, Palo Alto, CA 94303.

Page 4

Suitable Technologies, Inc., (the "Debtor") Case No. 20-10432 (MFW) Summary of Asgaard Capital LLC Fees For the Period February 1-28, 2021
Table 1 on page 4. Back to List of Tables
Fee Category Amount
Time Total $35,787.50
Expenses Billed 0.00
Staffing Report Total $35,787.50

Page 5

Suitable Technologies, Inc., (the "Debtor") Case No. 20-10432 (MFW) Summary of Asgaard Capital LLC Professional Fees by ProfessionalFor the Period February 1-28, 2021
Table 1 on page 5. Back to List of Tables
Professional Title Rate Hours Total
Charles Reardon Chief Restructuring Officer $815 7.30 $5,949.50
Liran Gordon Senior Operations & Finance
Professional
$635 7.80 $4,953.00
David Black Senior Accounting Professional $525 47.40 $24,885.00
Total Hours and Fees None None 62.50 $35,787.50

Page 6

Suitable Technologies, Inc., (the "Debtor") Case No. 20-10432 (MFW) Summary of Asgaard Capital LLC Professional Fees by Activity and ProfessionalFor the Period February 1-28, 2021
Table 1 on page 6. Back to List of Tables
Activity / Professional Title Rate Hours Total None None None None
Case Administration None None None None
Charles Reardon Chief Restructuring Officer $815 7.30 $5,949.50
Liran Gordon Senior Operations & Finance
Professional
$635 2.60 $1,651.00
David Black Senior Accounting Professional $525 9.60 $5,040.00
None Total 19.50 $12,640.50
Cash Management and Reporting None None None None
Senior Operations & Finance
Liran Gordon Professional
None $635 3.20 $2,032.00
David Black Senior Accounting Professional None $525 28.30 $14,857.50
None Total 31.50 $16,889.50
Company Operations None None None None
David Black Senior Accounting Professional $525 9.50 $4,987.50 None None None None
Total 9.50 $4,987.50 None None None None
Sale Process None None None None
Senior Operations & Finance
Liran Gordon Professional $635 2.00 $1,270.00
None None None None
Total 2.00 $1,270.00 None None None None
Total None None None None
Total 62.50 $35,787.50 None None None None

Page 7

Suitable Technologies, Inc., (the "Debtor") Case No. 20-10432 (MFW) Asgaard Capital LLC Detailed time and Fee Statement For the Period February 1-28, 2021

Page 8

Tysons Corner, VA 22182 voice ID 35 Invoice For Suitable Technologies Inc 850 San Antonio Rd sue Date 03/03/2021 Palo Alto, CA 94303 ue Date 03/03/2021 (upon receipt) escription Quantity Unit Price Amoun ase Administration - 02/02/2021 - Review Financial Statements and Company 0.40 $815.00 $326.0eports / Charlie Reardon: Review multiple iterations of two month budgetequested by lender and discuss same with D Black ase Administration - 02/02/2021 - Email correspondence between/among / 0.40 $815.00 $326.0harlie Reardon: CR and D Black on requests from MLP for payment for work onax returns and discuss potential responses with D Black ase Administration - 02/03/2021 - Participate in calls between/among / Charlie 0.50 $815.00 $407.5eardon: R Poppiti, B Feldman, A Kephart, D Black, L Gordon, CR on revisedudget for DIP lender through March and other case and company mattersase Administration - 02/03/2021 - Participate in calls between/among / Liran 0.30 $635.00 $190.5ordon: all hands call re case developments ase Administration - 02/03/2021 - Participate in calls between/among / Liran 0.80 $635.00 $508.0ordon: Bo P re transition issues ase Administration - 02/04/2021 - Email correspondence between/among / 0.20 $815.00 $163.0harlie Reardon: R Poppiti, D Black, L Gordon, B Feldman and CR on budgetequested by Lender's counsel ase Administration - 02/04/2021 - Email correspondence between/among / 0.10 $815.00 $81.5harlie Reardon: D Black, B Feldman, R Poppiti and CR on Fee Statementase Administration - 02/05/2021 - Review Financial Statements and Company 0.20 $815.00 $163.0eports / Charlie Reardon: Review revised budget circulated by D Black to beent to Lender's counsel ase Administration - 02/05/2021 - Review written materials, legal documents and 0.10 $815.00 $81.5ritten correspondence / Charlie Reardon: Review docket circulated by M Smithase Administration - 02/10/2021 - Participate in calls between/among / Charlie 0.40 $815.00 $326.0eardon: R Poppiti, A Kephart, L Gordon, D Black and CR on case statuscluding conversations with lender

Page 9

ase Administration - 02/10/2021 - Participate in calls between/among / Liran 0.10 $635.00 $63.5ordon: emails with BOR re transition issuese ase Administration - 02/11/2021 - Email correspondence between/among / 0.20 $815.00 $163.0harlie Reardon: R Poppiti, D Black and CR on budget and scheduling call tonswer Lender questions ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.20 $815.00 $163.0eardon: D Black and CR on question raised by Lender on latest budgetase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.40 $815.00 $326.0eardon: C Miller, T Haskins, R Poppiti, D Black and CR on reformatting parts ofudget for use in loan amendment ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.20 $815.00 $163.0eardon: D Black and CR to discuss work product needed in response toformation requested by lender's counsel ase Administration - 02/12/2021 - Participate in calls between/among / Charlie 0.50 $815.00 $407.5eardon: D Black, R Poppiti and CR to discuss questions raised by lender'sounsel in preparation for call with same, including review of previously suppliedudget ase Administration - 02/12/2021 - Email correspondence between/among / 0.20 $815.00 $163.0harlie Reardon: D Black, R Poppiti and CR on revised schedules for lenderase Administration - 02/14/2021 - General Diligence / David Black: Work on 1.30 $525.00 $682.5OR workpapers; ase Administration - 02/15/2021 - General Diligence / David Black: Work on 0.90 $525.00 $472.5OR workpapers; ase Administration - 02/17/2021 - Participate in calls between/among / Liran 0.30 $635.00 $190.5ordon: CRO, counsel, David B re case developments and next stepsase Administration - 02/17/2021 - Participate in calls between/among / Charlie 0.30 $815.00 $244.5eardon: R Poppiti, B Feldman, L Gordon, D Black and CR on case and lenderunding status ase Administration - 02/17/2021 - Strategize and develop/evaluate alternatives / 0.40 $815.00 $326.0harlie Reardon: for paths forward under different settlement/funding scenariosase Administration - 02/18/2021 - General Diligence / David Black: Work on 1.90 $525.00 $997.5OR workpapers; ase Administration - 02/19/2021 - General Diligence / David Black: Work on 1.50 $525.00 $787.5OR workpapers;

Page 10

ase Administration - 02/22/2021 - Review Financial Statements and Company 0.20 $815.00 $163.0eports / Charlie Reardon: Review January MOR ase Administration - 02/22/2021 - Review Financial Statements and Company 0.30 $635.00 $190.5eports / Liran Gordon: review MOR ase Administration - 02/22/2021 - General Diligence / David Black: Work on 1.50 $525.00 $787.5OR; ase Administration - 02/24/2021 - Participate in calls between/among / Charlie 0.50 $815.00 $407.5eardon: R Poppiti, B Feldman, A Klephart, L Gordon, D Black and CR on statusf settlement with lender and case status ase Administration - 02/24/2021 - Review Financial Statements and Company 0.50 $635.00 $317.5eports / Liran Gordon: all-hands call re developments and upcoming tasksase Administration - 02/24/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email with A Salazar with MLP re: Delaware franchise tax;ase Administration - 02/24/2021 - Review Financial Statements and Company 0.20 $525.00 $105.0eports / David Black: Review input from MLP re: Delaware Franchise returnhich is due for filing; ase Administration - 02/24/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email to L Gordon re: handling of Delaware franchise tax return filing;ase Administration - 02/24/2021 - Participate in calls between/among / Charlie 0.30 $815.00 $244.5eardon: R Poppiti and CR on Mr. Poppiti's call with counsel to lenderase Administration - 02/24/2021 - Email correspondence between/among / 0.20 $815.00 $163.0harlie Reardon: D Black and CR on new extended budget through closing of thease as requested by lender's counsel ase Administration - 02/25/2021 - Email correspondence between/among / 0.30 $815.00 $244.5harlie Reardon: R Poppiti, L Gordon, D Black and A Kephart on interim fundingnd D&O insurance ase Administration - 02/26/2021 - Review written materials, legal documents and 0.40 $815.00 $326.0ritten correspondence / Charlie Reardon: Review and complete Delawareranchise tax filing , including email correspondence with counsel re samease Administration - 02/26/2021 - Review Financial Statements and Company 0.40 $815.00 $326.0eports / Charlie Reardon: Review latest budget iteration through the closing ofhe case as forwarded by D Black, including email correspondence with D Black, Gordon and R Poppiti re same ase Administration - 02/28/2021 - Email correspondence between/among / 0.30 $815.00 $244.5harlie Reardon: R Poppiti, D Black, L Gordon and CR on revised budget

Page 11

or payment; ash Management and Reporting - 02/01/2021 - General Diligence / David Black: 1.80 $525.00 $945.0ork on new DIP budget; ash Management and Reporting - 02/02/2021 - Review Financial Statements 0.70 $635.00 $444.5nd Company Reports / Liran Gordon: reviewing budget ash Management and Reporting - 02/02/2021 - Email correspondence 0.20 $525.00 $105.0etween/among / David Black: Email with E Steele re: YCST escrow accountntries; ash Management and Reporting - 02/02/2021 - Email correspondence 0.10 $525.00 $52.5etween/among / David Black: Email with D Conry re: handling of Krantz billingshru retainer; ash Management and Reporting - 02/02/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on updated DIP budget; ash Management and Reporting - 02/02/2021 - Prepare for calls 0.20 $525.00 $105.0etween/among / David Black: Call with C Reardon re: budget updateash Management and Reporting - 02/02/2021 - General Diligence / David Black: 1.20 $525.00 $630.0ontinued work on DIP budget; ash Management and Reporting - 02/03/2021 - General Diligence / David Black: 0.20 $525.00 $105.0ake deposit at SVB (mail to bank for processing); ash Management and Reporting - 02/03/2021 - General Diligence / David Black: 1.80 $525.00 $945.0ork on new DIP budget; ash Management and Reporting - 02/04/2021 - Email correspondence 0.10 $525.00 $52.5etween/among / David Black: Email with R Poppiti re: updated Suitable budget;ash Management and Reporting - 02/04/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on DIP budget; ash Management and Reporting - 02/05/2021 - Email correspondence 0.20 $525.00 $105.0etween/among / David Black: Email with R Poppiti re: input regarding thepdated budget; ash Management and Reporting - 02/05/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on changes to DIP budget and loan request; ash Management and Reporting - 02/06/2021 - General Diligence / David Black: 1.10 $525.00 $577.5athered and reviewed invoices for payment; ash Management and Reporting - 02/07/2021 - Participate in calls 0.40 $635.00 $254.0etween/among / Liran Gordon: Bo P re finalizing transition

Page 12

ash Management and Reporting - 02/10/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on DIP budget; ash Management and Reporting - 02/11/2021 - Email correspondence 0.10 $525.00 $52.5etween/among / David Black: Email with R Poppiti re: info for budget;ash Management and Reporting - 02/13/2021 - General Diligence / David Black: 0.40 $525.00 $210.0ork on bank recons; ash Management and Reporting - 02/15/2021 - General Diligence / David Black: 0.70 $525.00 $367.5ather and review invoices for payment; ash Management and Reporting - 02/17/2021 - General Diligence / David Black: 1.10 $525.00 $577.5ork on DIP budget and loan request; ash Management and Reporting - 02/23/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on DIP budget; ash Management and Reporting - 02/24/2021 - General Diligence / David Black: 1.90 $525.00 $997.5orked on plan process budget; ash Management and Reporting - 02/25/2021 - Review Financial Statements 1.40 $525.00 $735.0nd Company Reports / David Black: Gather input for revised DIP budget;ash Management and Reporting - 02/25/2021 - General Diligence / David Black: 1.80 $525.00 $945.0ork on revised DIP budget; ash Management and Reporting - 02/26/2021 - General Diligence / David Black: 1.90 $525.00 $997.5ork on new DIP budget; ash Management and Reporting - 02/26/2021 - Email correspondence 0.20 $525.00 $105.0etween/among / David Black: Email to C Reardon re: new DIP budget;ash Management and Reporting - 02/27/2021 - Email correspondence 0.20 $525.00 $105.0etween/among / David Black: Email with C Reardon re: budget issues;ash Management and Reporting - 02/27/2021 - General Diligence / David Black: 1.80 $525.00 $945.0ork on new DIP budget; ash Management and Reporting - 02/28/2021 - Review written materials, legal 1.90 $635.00 $1,206.5ocuments and written correspondence / Liran Gordon: Reviewing Suitableudget ompany Operations - 02/01/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email with D Conry re: tax return update; ompany Operations - 02/02/2021 - Email correspondence between/among / 0.20 $525.00 $105.0

Page 13

ompany Operations - 02/03/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with R Poppiti re: YCST billing information for accrual;ompany Operations - 02/03/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with B Preising re: handling of payments from retainer;ompany Operations - 02/03/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email with B Preising re: issue with 1099; ompany Operations - 02/03/2021 - Participate in calls between/among / David 0.40 $525.00 $210.0lack: Call with counsel and Asgaard team re: status update; ompany Operations - 02/04/2021 - General Diligence / David Black: Review 0.50 $525.00 $262.5put from B Preising re: payments to vendors; ompany Operations - 02/06/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email to A Salazar at MLP re: Delaware annual report;ompany Operations - 02/08/2021 - General Diligence / David Black: Work on 1.30 $525.00 $682.5rofessionals fee recap; ompany Operations - 02/10/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with A Salazar re: handling of corporate franchise tax return;ompany Operations - 02/10/2021 - Participate in calls between/among / David 0.50 $525.00 $262.5lack: Call with counsel and Asgaard team re: status update; ompany Operations - 02/11/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email with L Gordon re: request for information regarding paymentso Google; ompany Operations - 02/12/2021 - General Diligence / David Black: Work on DIP 1.80 $525.00 $945.0udget; ompany Operations - 02/16/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with M Chaney with Donlin re: request for billing information;ompany Operations - 02/16/2021 - General Diligence / David Black: Gather 0.70 $525.00 $367.5rofessional invoices due for payment; ompany Operations - 02/17/2021 - Participate in calls between/among / David 0.50 $525.00 $262.5lack: Call with counsel and Asgaard team re: status update; ompany Operations - 02/20/2021 - General Diligence / David Black: Work on 0.90 $525.00 $472.5losing books; ompany Operations - 02/22/2021 - Email correspondence between/among / 0.20 $525.00 $105.0

Page 14

bjections to staffing report; ompany Operations - 02/22/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with L Gordon re: handling of Bill.com; ompany Operations - 02/24/2021 - Participate in calls between/among / David 0.50 $525.00 $262.5lack: Call with counsel and Asgaard team re: status update; ompany Operations - 02/25/2021 - Email correspondence between/among / 0.20 $525.00 $105.0avid Black: Email with R Poppiti re: input regarding DIP loan;ompany Operations - 02/25/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with C Reardon re: Suitable DIP budget; ompany Operations - 02/26/2021 - Email correspondence between/among / 0.10 $525.00 $52.5avid Black: Email with R Poppiti re: insurance issue; ale Process - 02/12/2021 - Participate in calls between/among / Liran Gordon: 0.40 $635.00 $254.0o P re Google invoices and BOR transition ale Process - 02/12/2021 - Email correspondence between/among / Liran 0.20 $635.00 $127.0ordon: Bo P re Google statements ale Process - 02/12/2021 - Email correspondence between/among / Liran 0.20 $635.00 $127.0ordon: BOR re invoice ale Process - 02/12/2021 - Review written materials, legal documents and 0.40 $635.00 $254.0ritten correspondence / Liran Gordon: analyzing google invoicesale Process - 02/15/2021 - Email correspondence between/among / Liran 0.10 $635.00 $63.5ordon: BOR re transition services invoice ale Process - 02/19/2021 - Participate in calls between/among / Liran Gordon: 0.40 $635.00 $254.0o P re transition issues ale Process - 02/24/2021 - Participate in calls between/among / Liran Gordon: 0.30 $635.00 $190.5o P re case developments Amount Due $35,787.5