HTML Document View

Full title: STAFFING REPORT OF CLEAR THINKING GROUP LLC, FOR THE PERIOD OF MARCH 1, 2021, THROUGH MARCH 31, 2021 filed by Debtor 1 Tea Olive I, LLC . (Barbie MNBS) (Entered: 04/07/2021)

Document posted on Apr 6, 2021 in the bankruptcy, 5 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

(“Clear Thinking”) submits this Monthly Staffing Report (the “Staffing Report”) for the period March 1, 2021, through March 31, 2021, pursuant to the Order Authorizing Nunc Pro Tunc to January 10, 2021, the Retention of Clear Thinking Group Under and Designation of Michael A. Wesley 11 U.S.C. § 363 as the Debtors’ Chief Restructuring Officer [Docket 91].Debtors’ counsel regarding various case issues; extensive communications with Secured Lenders & Lender’s counsel regarding cash collateral issues and other secured creditors’ claims; assisting the Debtor with 25 store GOB sales; participating in various conference calls regarding sale of the company’s assets; preparing documents/analysis regarding asset purchase agreement; participated in virtual meetings with management regarding operational issues, cash management, employee benefits, vendor issues, utility issues, and reporting requirements; compiling and reviewing weekly variance reports for various case constituents; monitoring and communicating with Court appointed Liquidator regarding the GOB sales; providing updates for amending the SOFA/SOAL schedules; analyzing and compiling sales tax data; collecting data and analyzing potential recovery from other assets; identifying and compiling potential leases and executory contracts for rejection; managing the process to complete February MOR, including the collection and compiling of data, completion of templates, etc.I, Michael A. Wesley, of Clear Thinking Group LLC, the Chief Restructuring Officer of the Debtor, declare under penalty of perjury that the facts set forth in the preceding Staffing Report are true and correct according to the best of my knowledge, information, and belief.08844 VICES RENDERED FOR CLIENT: Stock and Field, Case # 21-3 JECT SUMMARY Period: March 1 - 31, ODE PROJECT HOURS 110 195 Non-working Travel 0.00 210 Business Operations 19.65 211 Financial Reports 76.66 212 Vendor Issues 6.00 220 Employee Benefits & Pensions 15.33 221 Employment Contracts 0.00 230 Financing, DIP Negotiation, Use of Cash Collateral 57.89 240 Tax Issues 17.32 241 Utility Issues 2.20 250 Real Estate 1.30 260 Board of Directors 0.00 310

Page 1

UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MINNESOTA In re: Tea Olive I, LLC d/b/a Stock+Field, Case No. 21-30037 Chapter 11 Case Debtor. STAFFING REPORT OF CLEAR THINKING GROUP LLC, FOR THE PERIOD OF MARCH 1, 2021, THROUGH MARCH 31, 2021 Clear Thinking Group LLC’s (“Clear Thinking”) submits this Monthly Staffing Report (the “Staffing Report”) for the period March 1, 2021, through March 31, 2021, pursuant to the Order Authorizing Nunc Pro Tunc to January 10, 2021, the Retention of Clear Thinking Group Under and Designation of Michael A. Wesley 11 U.S.C. § 363 as the Debtors’ Chief Restructuring Officer [Docket 91]. Clear Thinking discloses as follows: 1. Professionals who rendered services from 03/01/2021 to 03/31/2021: Michael Wesley, Lee Diercks, Gennady Spivak, Anthony Gehringer, Thomas Burke, and Joseph Wittpenn. 2. The total hours billed from 03/01/2021 to 03/31/2021: 287.13. 3. A summary of tasks performed from 03/01/2021 to 03/31/2021: Services consist of reviewing and updating cash collateral budget and forecast; extensive communications with Debtors & Debtors’ counsel regarding various case issues; extensive communications with Secured Lenders & Lender’s counsel regarding cash collateral issues and other secured creditors’ claims; assisting the Debtor with 25 store GOB sales; participating in various conference calls regarding sale of the company’s assets; preparing documents/analysis regarding asset purchase agreement; participated in virtual meetings with management regarding operational issues, cash management, employee benefits, vendor issues, utility issues, and reporting requirements; compiling and reviewing weekly variance reports for various case constituents; monitoring and communicating with Court appointed Liquidator regarding the GOB sales; providing updates for amending the SOFA/SOAL schedules; analyzing and compiling sales tax data; collecting data and analyzing potential recovery from other assets; identifying and compiling potential leases and executory contracts for rejection; managing the process to complete February MOR, including the collection and compiling of data, completion of templates, etc.

Page 2

VERIFICATION I, Michael A. Wesley, of Clear Thinking Group LLC, the Chief Restructuring Officer of the Debtor, declare under penalty of perjury that the facts set forth in the preceding Staffing Report are true and correct according to the best of my knowledge, information, and belief. Dated: April 7, 2021 Signed: Michael A. Wesley

Page 3

Clear Thinking Group 401 Towne Centre Drive Hillsborough, NJ 08844 BILLING RECORD FOR CLIENT: Stock and Field, Case # 21-30037 CRO SUMMARY Period: March 1 - 31, 2021 PROFESSIONAL INITIALS TITLE RATE PERIOD FEES Michael Wesley MW Partner $20k /wk* 4.43 $ 88,571.43 Total 31 DAYS $88,571.43 * Per agreement CONSULTANT SUMMARY PROFESSIONAL INITIALS TITLE RATE HOURS FEES Lee Diercks LD Partner $ 500.00 10.72 $ 5,360.00 Gennady Spivak GS Managing Director $ 450.00 43.80 $ 19,710.00 Anthony Gehringer AG Senior Manager $ 400.00 28.15 $ 11,260.00 Joseph Wittpenn JW Consultant $ 350.00 10.68 $ 3,738.00 Thomas Burke TB Sr. Consultant $ 350.00 1.88 $ 658.00 Total (w/ blended rate) $427.66 95.23 $40,726.00 Expenses $201.05 Grand Total $129,498.48

Page 4

ar Thinking Group owne Centre Drive Exhib borough, NJ 08844 VICES RENDERED FOR CLIENT: Stock and Field, Case # 21-3 JECT SUMMARY Period: March 1 - 31, ODE PROJECT HOURS 110 Case Administration 32.45 111 SOFA Preparation 4.77 112 General Creditor Inquiries 0.40 113 Pleadings and Motions 0.40 120 Asset Analysis & Recovery 2.90 121 Accounts Receivable Collection 0.00 130 Asset Sale and Disposition 28.46 133 Auction of Assets 0.00 150 Creditors Committee 0.00 155 Court Hearings 0.50 160 Fee Applications 7.40 170 Applicant Retention Agreement Preparation 0.00 181 Preference Analysis 0.00 185 Leases & Contracts 12.90 190 Contested Matters & Litigation 0.00 191 General Litigation 0.00 195 Non-working Travel 0.00 210 Business Operations 19.65 211 Financial Reports 76.66 212 Vendor Issues 6.00 220 Employee Benefits & Pensions 15.33 221 Employment Contracts 0.00 230 Financing, DIP Negotiation, Use of Cash Collateral 57.89 240 Tax Issues 17.32 241 Utility Issues 2.20 250 Real Estate 1.30 260 Board of Directors 0.00 310 Claims Administration 0.00 311 Reclamation Claims 0.00 311.1 Secured Creditors 0.60 320 Plan & Disclosure Statement 0.00 321 Business Plan 0.00 Total 287.13

Page 5

Clear Thinking Group 401 Towne Centre Drive Hillsborough, NJ 08844 Exhibit B Detail billing record for client: Stock and Field- CRO -Case 21-30037EXPENSE SUMMARY BY PROFESSIONAL AND CATEGORY Period: March 1 - 31, 2021Parking, Gas, Trans- Professional Air Fare Hotel Meals Auto Rental Tolls Mileage portation Admin TotalMW $ - #REF! $ - $ - $ - $ - SUBTOTAL $ - $ - $ - $ - $ - $ - $ - $ - $ -Conference Calls $201.05 $ 201.05 TOTAL $ - $ - $ - $ - $ - $ - $ - $ 201.05 $ 201.05Clear Thinking Group EXPENSE SUMMARY BY CATEGORY Period: March 1 - 31, 2021 EXPENSE CATEGORY AMOUNT AIR FARE $ - HOTEL $ - MEALS $ - AUTO RENTAL $ - PARKING, GAS, TOLLS $ - MILEAGE $ - TRANSPORTATION $ - ADMIN CHARGES $ - CONFERENCE CALLS $ 201.05 TOTALS $ 201.05