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Full title: Notice of Excess Fees. (Related document(s):[655] Generic Order, [3091] Notice) Filed by Chesapeake Energy Corporation (Cavenaugh, Matthew)

Document posted on Aug 30, 2021 in the bankruptcy, 16 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Lynch Partner 1.20 1,800.00 Martin deposition prep R e v i e wing documents for Martin deposition; call with Kirkland 11/05/2020 Celentino Associate 6.97 6,098.75 Brad Martin depo prep Automated Prepare electronic documents pertaining to the first production 11/08/2020 Samaroo Legal Support 1.34 469.00 set for attorney review 11/09/2020 Chesapeake review s t a n d ing motion and draft response (4.5); telephone call with 11/11/2020 Wolf Of Counsel 5.10 7,650.00 team re dep notice (.3) P r e p for Martin depo; review and discuss 30b6 notice to 11/11/2020 Mason Partner 3.00 4,800.00 Reviewed documents re UCC standing motionLevy Associate 1.60 1,000.00 Reviewing new UCC Complaint and standing motion 11/17/2020 Wolf Of Counsel 4.50 6,750.00 Revise director section of response to standing motion.

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION § In re: § Chapter 11 § CHESAPEAKE ENERGY CORPORATION, et al.,1 § Case No. 20-33233 (DRJ)§ Reorganized Debtors. § (Jointly Administered) § § Re: Docket Nos. 655, 3091 NOTICE OF EXCESS FEES PLEASE TAKE NOTICE that on August 6, 2020, the United States Bankruptcy Court for the Southern District of Texas (the “Court”) entered the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [Docket No. 655] (the “OCP Order”).2 PLEASE TAKE FURTHER NOTICE that pursuant to the OCP Order, while these chapter 11 cases are pending, the fees of each OCP set forth on the Tier 1 OCP List, excluding costs and reimbursable expenses, may not exceed $150,000 per month. PLEASE TAKE FURTHER NOTICE that pursuant to the OCP Order, to the extent an OCP seeks compensation in excess of the applicable OCP Monthly Cap, the OCP shall (i) file with this Court a Notice of Excess Fees and an invoice setting forth, in reasonable detail, the nature of the services rendered and disbursements actually incurred, including all time entries and all fees incurred by the OCP for the relevant month; and (ii) serve the Notice of Excess Fees on the Notice Parties. PLEASE TAKE FURTHER NOTICE that on February 15, 2021, the Reorganized Debtors added Wachtell, Lipton, Rosen & Katz (“WLRK”) to the Tier 1 OCP List pursuant to the Notice of Additional Ordinary Course Professional Pursuant to the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [Docket No. 3091]. PLEASE TAKE FURTHER NOTICE that for the month ended November 30, 2020 (the “Excess Fee Period”), WLRK exceeded the applicable OCP Monthly cap by $209,647.70 (the “Excess Fees”). WLRK’s invoice covering the Excess Fee Period is attached hereto as Exhibit A. The invoice sets forth, in reasonable detail, the nature of the services rendered and 1 A complete list of each of the Reorganized Debtors in these chapter 11 cases may be obtained on the website of the Debtors’ claims and noticing agent at https://dm.epiq11.com/chesapeake. The location of Debtor Chesapeake Energy Corporation’s principal place of business and the Debtors’ service address in these chapter 11 cases is 6100 North Western Avenue, Oklahoma City, Oklahoma 73118. 2 All capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the OCP Order.

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disbursements actually incurred, including all time entries and all fees incurred by WLRK for the relevant month. PLEASE TAKE FURTHER NOTICE that interested parties have 14 days to file an objection to the Notice of Excess Fees with this Court. If after 14 days no objection is filed, the Excess Fees shall be deemed approved, and WLRK may be paid 100 percent of its fees and 100 percent of its expenses without the need to file a fee application.

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Houston, Texas August 31, 2021 /s/ Matthew D. Cavenaugh JACKSON WALKER L.L.P. KIRKLAND & ELLIS LLP Matthew D. Cavenaugh (TX Bar No. 24062656) KIRKLAND & ELLIS INTERNATIONAL LLPJennifer F. Wertz (TX Bar No. 24072822) Patrick J. Nash, Jr., P.C. (admitted pro hac vice )Kristhy M. Peguero (TX Bar No. 24102776) Alexandra Schwarzman (admitted pro hac vice)Veronica A. Polnick (TX Bar No. 24079148) 300 North LaSalle Street1401 McKinney Street, Suite 1900 Chicago, Illinois 60654 Houston, Texas 77010 Telephone: (312) 862-2000 Telephone: (713) 752-4200 Facsimile: (312) 862-2200 Facsimile: (713) 752-4221 Email: patrick.nash@kirkland.com Email: mcavenaugh@jw.com alexandra.schwarzman@kirkland.com jwertz@jw.com kpeguero@jw.com vpolnick@jw.com Co-Counsel to the Reorganized Debtors Co-Counsel to the Reorganized Debtors

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Certificate of Service I certify that on August 31, 2021 I caused a copy of the foregoing document to be served by the Electronic Case Filing System for the United States Bankruptcy Court for the Southern District of Texas. /s/ Matthew D. Cavenaugh Matthew D. Cavenaugh

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Exhibit A Excess Fee Period Invoice

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Wachtell, Lipton, Rosen & Katz 51 WEST 52ND STREET NEW YORK, N.Y. 10019-6150 August 31, 2021 Chesapeake Energy Corporation 6100 North Western Avenue Oklahoma City, OK 73118 Attention: James R. Webb, Esq For services rendered in the period from November 1, 2020 through November 30, 2020 to Chesapeake Energy Corporation and its Board of Directors in connection with restructuring, litigation and related matters …………………………………………………………………. $345,809.75 Disbursements …………………………………………………………. $13,837.96 Total ……………………………………………………….............. $359,647.70 Invoice # 417859

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Time Detail Last Work Date Name Title Hours Amount Time Description 11/01/2020 Celentino Associate 0.67 586.25 Document review and production 11/01/2020 Celentino Associate 3.25 2,843.75 Edits to responses and objections to UCC document requests 11/01/2020 Levy Associate 1.10 687.50 Revising R&Os to document production request Automated Pull electronic documents for searching in the document review 11/01/2020 Samaroo Legal Support 1.15 402.50 repository for attorney review and analysis. 11/02/2020 Wolf Of Counsel 0.40 600.00 Review responses and objections to UCC document requests 11/02/2020 Mason Partner 1.50 2,400.00 Work on standing litigation Attention to discovery notices to WLRK; draft R&O’s; depo s c h e d uling; telephone call with Brown Rudnick and related 11/02/2020 Lynch Partner 4.30 6,450.00 prep; Kirkland & Ellis coordination call 11/02/2020 Celentino Associate 2.47 2,161.25 R&Os to UCC discovery; document review 11/02/2020 Celentino Associate 1.04 910.00 Meet & confer calls with Brown Rudnick; related prep 11/02/2020 Levy Associate 0.50 312.50 Call with Brown Rudnick about document requests 11/02/2020 Levy Associate 1.10 687.50 Drafting R&Os to Rule 30(b)(6) request Automated 11/02/2020 Garfunkel Legal Support 1.00 425.00 Prepare attorney for review of litigation documents 11/03/2020 Mason Partner 2.50 4,000.00 Worked on litigation issues 11/03/2020 Lynch Partner 2.30 3,450.00 Prepare Brad Martin for deposition

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D o c u ment review related to Martin deposition; Review/edit 11/03/2020 Celentino Associate 5.11 4,471.25 R&Os; Martin deposition prep 11/03/2020 Levy Associate 1.50 937.50 Attend first-day hearing telephonically 11/03/2020 Levy Associate 0.80 500.00 Document review 11/04/2020 Lynch Partner 0.80 1,200.00 Martin deposition preparation D e v eloping and reviewing Martin deposition materials; calls to 11/04/2020 Celentino Associate 13.64 11,935.00 discuss document production 11/04/2020 Levy Associate 0.10 62.50 Call with J. Celentino to discuss document production Reviewing docket and updating team on upcoming hearing 11/04/2020 Levy Associate 0.70 437.50 schedule Automated QC’ed document designation tags, imported images to 11/04/2020 Tam Legal Support 0.60 210.00 workspace and updated database 11/05/2020 Lynch Partner 1.20 1,800.00 Martin deposition prep R e v i e wing documents for Martin deposition; call with Kirkland 11/05/2020 Celentino Associate 4.85 4,243.75 & Ellis regarding deposition 11/05/2020 Levy Associate 0.80 500.00 Call with Kirkland & Ellis regarding deposition 11/05/2020 Levy Associate 1.20 750.00 Reviewing UCC proposed standing complaint 11/05/2020 Levy Associate 0.20 125.00 Reviewing documents/emails for production 11/05/2020 Levy Associate 5.90 3,687.50 Reviewing documents/emails for production 11/06/2020 Mason Partner 1.50 2,400.00 Worked on standing issues 11/06/2020 Lynch Partner 1.60 2,400.00 Brad Martin depo prep Reviewing documents (2.38); preparing for Brad Martin 44141 Celentino Associate 12.38 10,832.50 deposition (10)

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Communicating with team about substance of documents in 11/06/2020 Levy Associate 0.80 500.00 potential production set 11/06/2020 Levy Associate 0.80 500.00 Reviewing docket and updating team on upcoming deadlines P r e p a red B. Martin prep e-binder: reviewed outline, drafted 11/06/2020 Strauss Lead Paralegal 3.75 1,312.50 TOC, coordinated printing and FedEx 11/07/2020 Mason Partner 2.00 3,200.00 Reviewed draft filings 11/07/2020 Lynch Partner 3.20 4,800.00 Brad Martin depo prep R e v i e wing document productions (incoming and outgoing) to 11/07/2020 Celentino Associate 6.12 5,355.00 draft/edit depo defense outline Prepare a font file electronic document with technical issue in Automated the document review repository for attorney review and 11/07/2020 Samaroo Legal Support 0.49 171.50 analysis Automated Prepare electronic documents pertaining to the first production 11/07/2020 Samaroo Legal Support 1.23 430.50 set for attorney review R e v i e wed draft filings, related docket items, and related 11/08/2020 Mason Partner 3.00 4,800.00 confirmation litigation docs 11/08/2020 Lynch Partner 10.30 15,450.00 Brad Martin depo prep 11/08/2020 Celentino Associate 6.97 6,098.75 Brad Martin depo prep Automated Prepare electronic documents pertaining to the first production 11/08/2020 Samaroo Legal Support 1.34 469.00 set for attorney review 11/09/2020 Mason Partner 6.50 10,400.00 Prepared for and attended Brad Martin deposition prep 11/09/2020 Lynch Partner 8.60 12,900.00 Brad Martin depo prep 11/09/2020 Celentino Associate 5.10 4,462.50 Reviewing documents and preparing for Martin deposition 11/10/2020 Lynch Partner 1.40 2,100.00 Brad Martin depo prep

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11/10/2020 Celentino Associate 3.19 2,791.25 Reviewing document production Emails re plan structure; discovery (.3); Chesapeake review s t a n d ing motion and draft response (4.5); telephone call with 11/11/2020 Wolf Of Counsel 5.10 7,650.00 team re dep notice (.3) P r e p for Martin depo; review and discuss 30b6 notice to 11/11/2020 Lynch Partner 5.20 7,800.00 WLRK D o c u ment review & production (3.5); preparing for deposition 11/11/2020 Celentino Associate 6.65 5,818.75 (3.14) 11/11/2020 Levy Associate 1.10 687.50 Reviewing debtor reply to UCC complaint 11/11/2020 Levy Associate 1.90 1,187.50 Reviewing UCC standing motion and related caselaw Reviewing law on 30(b)(6) depositions and drafting emails to 11/11/2020 Levy Associate 1.10 687.50 team 11/11/2020 Levy Associate 0.20 125.00 Team call discussing 30(b)(6) deposition notice Automated Reviewed and analyzed data, uploaded files to the network, 11/11/2020 Tam Legal Support 0.90 315.00 edited load files and updated database E m a i ls and telephone calls re 30b6 depo of WLRK (.5); review 11/12/2020 Wolf Of Counsel 1.10 1,650.00 complaint and draft response (.6) 11/12/2020 Mason Partner 6.50 10,400.00 Prepared for and attended Brad Martin depo and debrief B r a d Martin depo; related prep and follow-up; attention to 30b6 11/12/2020 Lynch Partner 7.10 10,650.00 depo notices and motion to quash P r e p a ring for Martin depo; Martin depo; debriefing Martin 11/12/2020 Celentino Associate 6.19 5,416.25 depo 11/12/2020 Levy Associate 2.60 1,625.00 Drafting potential additions to response to UCC complaint P r e p for and conference call re draft response to standing 11/13/2020 Wolf Of Counsel 1.30 1,950.00 motion 11/13/2020 Celentino Associate 2.66 2,327.50 Reply brief research and document collection

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11/13/2020 Levy Associate 0.90 562.50 Call to discuss objections to UCC standing motion 11/13/2020 Levy Associate 0.70 437.50 Communications with team regarding key cases for reply 11/13/2020 Levy Associate 1.80 1,125.00 Drafting arguments regarding directors' fiduciary duties 11/13/2020 Levy Associate 0.30 187.50 Monitoring incoming docket entries 11/13/2020 Levy Associate 1.30 812.50 Researching director's fiduciary duties 11/13/2020 Levy Associate 3.20 2,000.00 Reviewing and analyzing key cases from UCC filings 11/13/2020 Levy Associate 1.30 812.50 Reviewing UCC complaint regarding lien avoidance 11/13/2020 Battle Paralegal 3.00 825.00 Preparing index of key documents for deposition 11/14/2020 Wolf Of Counsel 7.00 10,500.00 Read depo transcripts and cases re claims against directors 11/14/2020 Mason Partner 3.00 4,800.00 Reviewed documents re UCC standing motion P r e p for (1.5) and team conference call re draft objection to 11/15/2020 Wolf Of Counsel 2.90 4,350.00 standing motion (1.4) R e v i e wed docs re standing motion; prepared for and attended 11/15/2020 Mason Partner 4.00 6,400.00 internal call re same 11/15/2020 Lynch Partner 1.50 2,250.00 Team conference call regarding standing motion 11/15/2020 Celentino Associate 2.37 2,073.75 Strategy call and research for brief re standing motion 11/15/2020 Levy Associate 1.20 750.00 Drafting email regarding director's fiduciary duties R e s e a rching director's fiduciary duties when faced with threat 11/15/2020 Levy Associate 4.30 2,687.50 of litigation 11/15/2020 Levy Associate 1.00 625.00 Team call to discuss objections to UCC standing motion

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P r e p for (2.7) and conference call with K&E (2.0) re draft 11/16/2020 Wolf Of Counsel 4.70 7,050.00 response to standing motion 11/16/2020 Mason Partner 2.00 3,200.00 Worked on standing reply issues 11/16/2020 Celentino Associate 2.14 1,872.50 Call regarding standing and related research Call with Kirkland & Ellis to discuss objections to UCC 11/16/2020 Levy Associate 1.00 625.00 standing motion 11/16/2020 Levy Associate 0.80 500.00 Drafting summary of new UCC complaint and standing motion 11/16/2020 Levy Associate 0.50 312.50 Researching Board's fiduciary duties 11/16/2020 Levy Associate 1.60 1,000.00 Reviewing new UCC Complaint and standing motion 11/17/2020 Wolf Of Counsel 4.50 6,750.00 Revise director section of response to standing motion. 11/17/2020 Mason Partner 2.50 4,000.00 Prepared for and attended board meeting 11/17/2020 Katz Partner 1.50 2,400.00 Attended board meeting telephone call regarding K&E briefing; Brad Martin depo 11/17/2020 Lynch Partner 0.60 900.00 follow-up 11/17/2020 Celentino Associate 1.21 1,058.75 Strategy call; reviewing documents for brief 11/17/2020 Levy Associate 1.30 812.50 Reviewing new UCC Complaint and standing motion 11/17/2020 Levy Associate 1.30 812.50 Researching Oklahoma law on fiduciary duties 11/18/2020 Wolf Of Counsel 2.80 4,200.00 Work on directors section of response to standing motion 11/18/2020 Celentino Associate 2.59 2,266.25 Reviewing confidentiality designations on transcripts 11/18/2020 Levy Associate 3.50 2,187.50 Reviewing caselaw on legal standard for derivative standing

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11/18/2020 Levy Associate 0.90 562.50 Reviewing recent case filings 11/19/2020 Celentino Associate 1.13 988.75 Expert report review 11/19/2020 Levy Associate 1.70 1,062.50 Drafting email discussing legal standard for derivative standing Reviewing discussion of legal standards for derivative standing 11/19/2020 Levy Associate 1.30 812.50 in reply brief 11/19/2020 Levy Associate 0.90 562.50 Reviewing Oklahoma state law on dividends 11/19/2020 Levy Associate 2.1 1312.5 Reviewing UCC expert reports 11/20/2020 Wolf Of Counsel 0.80 1,200.00 Work on standing response. 11/20/2020 Celentino Associate 1.65 1,443.75 Research and reviewing expert reports 11/20/2020 Levy Associate 1.50 937.50 Research regarding derivative standing 11/22/2020 Celentino Associate 3.25 2,843.75 Deposition designation and expert report analysis 11/20/2020 Levy Associate 1.10 687.50 Research regarding Delaware law regarding dividends 11/23/2020 Celentino Associate 0.60 525.00 Transcript designation; reviewing plan supplement 11/24/2020 Wolf Of Counsel 2.00 3,000.00 Read depo transcripts for director section of standing brief 11/24/2020 Celentino Associate 0.60 525.00 Reviewing plan supplement 11/25/2020 Lynch Partner 0.30 450.00 Attention to conf hearing 11/25/2020 Celentino Associate 0.56 490.00 Reviewing response to standing motion 11/27/2020 Celentino Associate 4.48 3,920.00 Rebuttal expert reports/response edits 11/27/2020 Levy Associate 3.30 2,062.50 Editing reply brief to standing motion

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11/28/2020 Wolf Of Counsel 4.50 6,750.00 Revise draft objection to standing motion 11/28/2020 Levy Associate 5.20 3,250.00 Editing fiduciary duty section of reply brief to standing motion 11/28/2020 Levy Associate 3.10 1,937.50 Editing reply brief to standing motion 11/29/2020 Mason Partner 3.00 4,800.00 Worked on standing motion issues R e s e a rch for brief; reviewing and summarizing expert reports; 11/29/2020 Celentino Associate 3.90 3,412.50 call regarding brief 11/29/2020 Levy Associate 1.10 687.50 Reviewing insolvency standard under Oklahoma law 11/29/2020 Levy Associate 2.20 1,375.00 Reviewing Oklahoma caselaw on unlawful dividends 11/29/2020 Levy Associate 3.20 2,000.00 Revising unlawful dividend section of reply brief P r e p a red for and attended call with team and follow up re plan 11/30/2020 Mason Partner 2.50 4,000.00 litigation 11/30/2020 Lynch Partner 1.20 1,800.00 Team call re hearing; review draft brief 11/30/2020 Celentino Associate 1.80 1,575.00 Strategy call; reviewing brief and related caselaw 11/30/2020 Levy Associate 1.10 687.50 Call regarding objection to standing motion, case updates Reviewing pleading standards for breach of fiduciary duty 11/30/2020 Levy Associate 1.10 687.50 claims 11/30/2020 Levy Associate 3.00 1,875.00 Reviewing revised objection to standing motion 329.93 345,809.75

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Expense Detail Work Date Cost Type Amount 11/3/2020 Meals - Attorneys 37.09 11/3/2020 Duplicating - Printing Color 469.50 11/4/2020 Meals - Attorneys 48.90 11/5/2020 Meals - Attorneys 46.15 11/5/2020 O/S Telephone 6.34 11/5/2020 Duplicating - Printing 345.60 11/5/2020 Duplicating - Printing Color 565.25 11/6/2020 Courier Service 55.59 11/6/2020 Duplicating/Velobinding/Tab 0.00 11/6/2020 Travel - Package Delivery 35.65 11/6/2020 Duplicating - Printing 0.15 11/6/2020 Duplicating - Printing Color 606.00 11/7/2020 Travel - Package Delivery 35.65 11/7/2020 Duplicating - Printing 0.60 11/7/2020 Duplicating - Printing Color 110.25 11/8/2020 Travel - Package Delivery 83.11 11/8/2020 Duplicating - Printing 1.65 11/8/2020 Duplicating - Printing Color 294.50 11/9/2020 Travel - Local Attorneys 14.04 11/9/2020 Meals - Attorneys 34.70 11/9/2020 Duplicating - Printing Color 36.75 11/10/2020 Courier Service 32.50 11/10/2020 Duplicating/Velobinding/Tab 6.25 11/10/2020 Duplicating - Printing 0.15 11/10/2020 Duplicating - Printing Color 360.25 11/12/2020 Meals - Attorneys 34.08 11/12/2020 O/S Depositions/Court Reporter 1,998.75 11/12/2020 O/S Depositions/Court Reporter 1,644.60 11/12/2020 O/S Depositions/Court Reporter 2,560.80 11/12/2020 O/S Depositions/Court Reporter 1,734.48 11/13/2020 Meals - Attorneys 28.02 11/13/2020 Meals - Attorneys 27.96 11/13/2020 O/S Telephone 4.09 11/13/2020 Duplicating - Printing 1,667.10 11/13/2020 Duplicating - Printing Color 1.25 11/14/2020 Travel - Package Delivery 45.95 11/14/2020 Travel - Package Delivery 83.11 11/14/2020 Travel - Package Delivery 45.95 11/15/2020 Library-Westlaw Recovery 37.47 11/15/2020 Meals - Attorneys 34.05 11/16/2020 Meals - Attorneys 25.32 11/16/2020 Meals - Attorneys 25.28 11/18/2020 Meals - Attorneys 31.57 11/19/2020 Meals - Attorneys 26.78 11/20/2020 Meals - Attorneys 18.88 11/23/2020 Travel - Package Delivery 131.82

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11/29/2020 Meals - Attorneys 31.92 11/29/2020 Meals - Attorneys 59.63 11/30/2020 Library-Westlaw Recovery 283.25 11/30/2020 Meals - Attorneys 29.22 Total 13,837.95

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