UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Innkeepers USA TRUST, et al. 1 Debtors. ) FIRST Interim Application of MOELIS and COMPANY LLC for compensation for professional services RENDERED and reimbursement of actual and necessary expenses incurred as FINANCIAL AD
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Innkeepers USA TRUST, et al. 1 Debtors. ) FIRST Interim Application of MOELIS and COMPANY LLC for compensation for professional services RENDERED and reimbursement of actual and necessary expenses incurred as FINANCIAL AD
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Innkeepers USA TRUST, et al. 1 Debtors. ) FIRST Interim Application of MOELIS and COMPANY LLC for compensation for professional services RENDERED and reimbursement of actual and necessary expenses incurred as FINANCIAL AD
In re: INNKEEPERS USA TRUST, et al. 1 Debtors. ) ) Chapter 11 ) ) Case No. 10-13800 (SCC) ) ) Jointly Administered ----------------------------------- ) FIRST INTERIM APPLICATION OF MOELIS & COMPANY LLC FOR COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF ACTUAL AND NECESSARY EXPENSES INCURRED AS FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE DEBTORS AND THE DEBTORS-IN-POSSESSION FOR THE PERIOD FROM JULY 19, 2010 THROUGH NOVEMBER 30, 2010 Name of Applicant: Authorized to provide professional services to: Date of retention: Period for which compensation and reimbursement are sought: Amount of compensation sought as actual, reasonable, and necessary: Amount of expense reimbursement sought as actual, reasonable and necessary: This is a(n): Moelis & Company LLC Debtors and Debtors-in-Possession August 12, 2010, nunc pro tunc to July 19, 2010 July 19,2010 through November 30,2010 $709,489.83 $50,435.94 Interim Application 1 The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtor's federal tax identification number can be found by visiting the Debtors' restructuring website at www.ornnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Ornni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors' corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480. NY\1713656.1 SUMMARY OF PROFESSIONAL TIME RECORDS JULY 19,2010 THROUGH NOVEMBER 30, 2010 A description of expenses incurred and activities performed is provided in the Interim Application, below. Schedules of hours and expense disbursements are provided as Exhibits "B" and "C" to the Interim Application. 2 NY\1713656.1 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, et a/. 1 Debtors. ) ) Chapter II ) ) Case No. 10-I3800 (SCC) ) ) Jointly Administered ------------------------------------ ) FIRST INTERIM APPLICATION OF MOELIS & COMPANY LLC FOR COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF ACTUAL AND NECESSARY EXPENSES INCURRED AS FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE DEBTORS AND THE DEBTORS-IN-POSSESSION FOR THE PERIOD FROM JULY 19, 2010 THROUGH NOVEMBER 30, 2010 Pursuant to section 33I of title II of the United States Code, II U.S.C. 10I- I532, as amended (the "Bankruptcy Code") and Rule 20I6 ofthe Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules"), Rule 20I6-I of the Local Rules of Bankruptcy Practice and Procedure for the United States Bankruptcy Court for the Southern District ofNew York (the "Local Rules"), General Order M-389 Amended Guidelines for Fees and Disbursements for Professionals in Southern District ofNew York Bankruptcy Cases (Bernstein, C.J.) (the "Amended Guidelines"), the Order Authorizing the Establishment of Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and Official Committee Members dated August I2, 20IO, and the Order Authorizing and Approving the Retention and Employment of Moelis & Company LLC ("Moelis") as Financial Advisor and Investment Banker to the above-captioned debtors-in-possession (the "Debtors"), Moelis hereby submits its 1 The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtor's federal tax identification number can be found by visiting the Debtors' restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors' corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480. NY\1713656.1 interim application (the "Interim Application") for allowance of compensation for professional services performed for the period commencing July 19,2010 through and including November 30, 2010 (the "Compensation Period") and reimbursement of actual and necessary expenses incurred during the Compensation Period. In support of this Interim Application, Moelis respectfully represents as follows: BACKGROUND 1. This Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and 1334. Venue is proper pursuant to 28 U.S.C. 1408 and 1409. This is a core proceeding pursuant to 28 U.S.C. 157(b)(2). 2. The statutory predicates for the relief requested herein are section 328 and 331 of the Bankruptcy Code, as contemplated by Bankruptcy Rule 2016 and Local Rule 2016-1. 3. On July 19,2010 (the "Petition Date"), each ofthe Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code. 4. On July 19,2010, the Debtors' Application for the Entry of an Order Authorizing the Retention and Employment of Moelis & Company LLC as Financial Advisor and Investment Banker to the Debtors Nunc Pro Tunc to the Petition Date was filed with the Court. On August 12, 2010, this Court entered an order approving the application (the "Retention Order''). A copy of the Retention Order is attached hereto as Exhibit A. 5. The Court approved Moelis' retention as financial advisor and investment banker to the Debtors under sections 327(a) and 328(a) of the Bankruptcy Code, Bankruptcy Rules 2014(a) and 2016 and Local Rules 2014-1 and 2016-1. The Retention Order requires that Moelis' compensation and expense reimbursement requests be subject to review under the standards set forth in section 328(a) of the Bankruptcy Code, but provides that the Office of the 2 NY\1713656.1 United States Trustee alone is entitled to challenge the reasonableness ofMoelis' compensation and expense requests on all grounds, including reasonableness under section 330 of the Bankruptcy Code. 6. The Retention Order modifies the Amended Guidelines' time-keeping requirements by providing that (a) all of Moelis' restructuring personnel who provide services to or on behalf of the Debtors, with the exception of administrative and support personnel are required to keep contemporaneous summary time records in one-half hour increments, and (b) Moelis is not required to provide or conform to any schedule ofhourly rates. Moelis's professionals (with the exception of administrative and support personnel) shall maintain summary time records based on project categories that are selected by Moelis. Moelis's summary time records are annexed hereto as Exhibit B. 7. As of the date of this application, Moelis has not received full payment for the July 2010 through November 2010 monthly fee statements. To date, Moelis has received $447,591.86 in fees and $42,759.81 in expenses related to these fee statements. 8. By this Interim Application, Moelis seeks allowance of $709,489.83 for services rendered to the Debtors during the Compensation Period. Moelis also seeks reimbursement of actual and necessary costs and expenses incurred during the Compensation Period in the amount of$50,435.94. A schedule of disbursements is annexed hereto as Exhibit C. SUMMARY OF SERVICES RENDERED DURING THE COMPENSATION PERIOD 9. During the Compensation Period, Moelis provided the following financial advisory and investment banking related services to the Debtors: 2 Moelis's summary time records are annexed hereto as Exhibit B. 2 Terms not defined have the same definition as defined in the Moelis engagement letter. 3 NY\1713656.1 Undertook, in consultation with members of management ofthe Company, a comprehensive business and financial analysis of the Company; Reviewed and analyzed the Company's assets and its operating and financial strategies; Assisted the Debtors in preparing detailed financial models that set forth the projections developed by management; Assisted the Debtors with supporting analysis for debtor in possession financing ("DIP") Engaged in discussions with numerous potential DIP lenders to market test proposed DIP financing; Identified, initiated, reviewed, negotiated, and evaluated restructuring transactions, and developed and evaluated alternative proposals for the restructuring transactions; Solicited and evaluated indications of interest and proposals regarding restructuring transactions; Assisted the Company in developing strategies to effectuate a restructuring transaction; Advised and assisted the Company in the course of its negotiation of restructuring transactions and participated in such negotiations, as requested; Determined and evaluated the risks and benefits of considering, initiating and consummating restructuring transactions; Contacted potential investors that we, the Board, and the Company agreed were appropriate, and in rendering such services, we had representatives of such investors and provided such representatives with such information about the Company's assets, 4 NY\1713656.1 properties or businesses as appropriate and acceptable to the Company, subject to customary business confidentiality agreements in form and substance approved by the Company; Assisted the Company in the development, preparation and distribution of selected information, documents and other materials to create interest in and to consummate a restructuring transactions; Met with and had numerous calls with management, board of directors, creditor groups, equityholders, the official committee appointed in the Bankruptcy Case, and other parties; Participated in hearings before the court having jurisdiction over this Court and provided relevant testimony; and Such other financial advisory and investment banking services as agreed upon by Moelis and the Company, and that is within the scope of the engagement. SUMMARY OF DISBURSEMENTS DURING THE INTERIM PERIOD 10. Moelis incurred reasonable and necessary out-of-pocket expenses during the Compensation Period in the sum of$50,435.94. A detailed description of the expenses incurred is attached as Exhibit C. 11. The expenses incurred by Moelis include (but are not limited to) long distance telephone calls, overnight delivery, travel expenses, local messenger service, meals, facsimiles, postage, duplicating and financial research charges, all of which Moelis normally bills to its non- bankruptcy clients at rates calculated to compensate Moelis for only the actual cost ofthe expense. The expenses incurred by Moelis also include the fees and expenses of its outside legal counsel relating to Moelis's retention application and its monthly fee statements. 5 NY\1713656.1 12. Moelis has made every reasonable effort to minimize its disbursements in these cases. The expenses incurred in the rendition of professional services were necessary, reasonable and justified under the circumstances to serve the needs of the Debtors and their constituencies. 13. Moelis believes that the Debtors have sufficient resources to pay the fees and expenses requested herein. 14. Moelis believes that this Interim Application, together with the attachments hereto, substantially complies in all material respects with the guidelines set out in the Bankruptcy Code, the Bankruptcy Rules, the Local Rules and the Retention Order (to the extent compliance has not been waived). To the extent this Interim Application does not comply in every respect with these requirements of these guidelines and the Retention Order, Moelis respectfully requests a waiver for any such technical non-compliance. 15. While Moelis' requested compensation is subject to review and approval by this Court under the standards set forth in section 328 of the Bankruptcy Code, it is respectfully submitted that the amount requested by Moelis is fair and reasonable given (a) the complexity of these cases, (b) the time expended, (c) the nature and extent of the services rendered, (d) the value of such services, and (e) the costs of comparable services other than in a case under this title. 16. The request herein for allowance of compensation and reimbursement of expenses are without prejudice to Moelis' right to seek additional compensation for services performed and expenses incurred during the Compensation Period, which were not processed at the time of this Interim Application. 6 NY\1713656.1 WHEREFORE, Moelis respectfully requests that this Court enter an order in the form annexed as Exhibit 0 hereto, allowing Moelis' fees in the aggregate amount of $709,489.83, plus expenses in the aggregate amount of $50,435.94, for a total of $759,925.77, and that it be granted such other and further relief as the Court may deemjust and proper. Dated: ~ v o . . c { \3 , 2011 New Yor , New York MOELIS&CO 7 NY\1713656.1 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, et a/. 1 Debtors. ) ) Chapter 11 ) ) Case No. 10-13800 (SCC) ) ) Jointly Administered __________________________________ ) CERTIFICATION OF COMPLIANCE WITH GUIDELINES FOR FEES AND DISBURSEMENTS FOR PROFESSIONALS IN SOUTHERN DISTRICT OF NEW YORK BANKRUPTCY CASES William Q. Derrough certifies that: 1. I am a managing director of Moelis & Company LLC ("Moelis"), financial advisor and investment banker to the above-captioned Debtors (the "Debtors"). This certification is made pursuant to General Order M-389 Amended Guidelines for Fees and Disbursements for Professionals in Southern District ofNew York Bankruptcy Cases (Bernstein, C.J.) (the "Amended Guidelines"), in support ofMoelis' interim fee application (the "Interim Application"). 2. I have read the Interim Application. To the best of my knowledge, information and belief formed after reasonable inquiry, the fees and disbursements sought in the Interim Application fall within the Amended Guidelines and the United States Trustee Guidelines (the "UST Guidelines"), except as specifically noted herein or in the Interim Application. Except to the extent that fees or disbursements are prohibited by these Amended Guidelines or the UST Guidelines, the fees and disbursements sought are billed at rates and in accordance with practices 1 The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtor's federal tax identification number can be found by visiting the Debtors' restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors' corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480. NY\1713656.1 Guidelines, the fees and disbursements sought are billed at rates and in accordance with practices customarily employed by Moelis and generally accepted by Moelis's clients. In providing a reimbursable service, Moelis does not make a profit on the service, whether the service is performed by Moelis in-house or through a third party. 3. To the best of my knowledge, the Debtors and the chair of each official committee have all been provided with a statement of Moelis's fees and disbursements accrued during each month covered by the Interim Application. 4. To the best of my knowledge, the Debtors and the chair of each official committee have all been provided with a copy of the Interi NY\1713656.1 KAREN P. NG Notary Public. State of New York No. 01 NG6070434 Qualified in Queens County t1 Commission Expl;es Mar. 4, 20_ 2 WILLIAM Q. DERROUGH EXHIBIT A NY\1713656.1 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: I INNKEEPERS USA TRUST, eta/., Debtors. ) ) Chapter 11 ) ) Case No. 10-13800 (SCC) ) ) Jointly Administered __________________________________ ) ORDER AUTHORIZING AND APPROVING THE RETENTION AND EMPLOYMENT OF MOELIS & COMPANY LLC AS FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE DEBTORS, NUNC PRO TUNC TO THE PETITION DATE The Debtors in these Chapter 11 Cases, along with the last four digits of each Debtor's federal tax identification number, are: GP AC Sublessee LLC (5992); Grand Prix Addison (RI) LLC (3740); Grand Prix Addison (SS) LLC (3656); Grand Prix Albany LLC (3654); Grand Prix Altamonte LLC (3653); Grand Prix Anaheim Orange Lessee LLC (5925); Grand Prix Arlington LLC (3651); Grand Prix Atlanta (Peachtree Comers) LLC (3650); Grand Prix Atlanta LLC (3649); Grand Prix Atlantic City LLC (3648); Grand Prix Bellevue LLC (3645); Grand Prix Belmont LLC (3643); Grand Prix Binghamton LLC (3642); Grand Prix Bothell LLC (3641); Grand Prix Bulfinch LLC (3639); Grand Prix Campbell I San Jose LLC (3638); Grand Prix Cherry Hill LLC (3634); Grand Prix Chicago LLC (3633); Grand Prix Columbia LLC (3631); Grand Prix Denver LLC (3630); Grand Prix East Lansing LLC (3741); Grand Prix El Segundo LLC (3707); Grand Prix Englewood I Denver South LLC (3701); Grand Prix Fixed Lessee LLC (9979); Grand Prix Floating Lessee LLC ( 4290); Grand Prix Fremont LLC (3703); Grand Prix Ft. Lauderdale LLC (3705); Grand Prix Ft. Wayne LLC (3704); Grand Prix Gaithersburg LLC (3 709); Grand Prix General Lessee LLC (9182); Grand Prix Germantown LLC (3 711 ); Grand Prix Grand Rapids LLC (3713); Grand Prix Harrisburg LLC (3716); Grand Prix Holdings LLC (9317); Grand Prix Horsham LLC (3728); Grand Prix IHM, Inc. (7254); Grand Prix Indianapolis LLC (3719); Grand Prix Islandia LLC (3720); Grand Prix Las Colinas LLC (3722); Grand Prix Lexington LLC (3725); Grand Prix Livonia LLC (3730); Grand Prix Lombard LLC (3696); Grand Prix Louisville (RI) LLC (3700); Grand Prix Lynnwood LLC (3702); Grand Prix Mezz Borrower Fixed, LLC (0252); Grand Prix Mezz Borrower Floating, LLC (5924); Grand Prix Mezz Borrower Floating 2, LLC (9972); Grand Prix Mezz Borrower Term LLC (4285); Grand Prix Montvale LLC (3706); Grand Prix Morristown LLC (3738); Grand Prix Mountain View LLC (3737); Grand Prix Mt. Laurel LLC (3735); Grand Prix Naples LLC (3734); Grand Prix Ontario Lessee LLC (9976); Grand Prix Ontario LLC (3733); Grand Prix Portland LLC (3732); Grand Prix Richmond (Northwest) LLC (3731); Grand Prix Richmond LLC (3729); Grand Prix RIGG Lessee LLC (4960); Grand Prix RIMY Lessee LLC (4287); Grand Prix Rockville LLC (2496); Grand Prix Saddle River LLC (3726); Grand Prix San Jose LLC (3724); Grand Prix San Mateo LLC (3723); Grand Prix Schaumburg LLC (3721); Grand Prix Shelton LLC (3718); Grand Prix Sili I LLC (3714); Grand Prix Sili II LLC (3712); Grand Prix Term Lessee LLC (9180); Grand Prix Troy (Central) LLC (9061); Grand Prix Troy (SE) LLC (9062); Grand Prix Tukwila LLC (9063); Grand Prix West Palm Beach LLC (9065); Grand Prix Westchester LLC (3694); Grand Prix Willow Grove LLC (3697); Grand Prix Windsor LLC (3698); Grand Prix Woburn LLC (3699); Innkeepers Financial Corporation (0715); Innkeepers USA Limited Partnership (3956); Innkeepers USA Trust (3554); KPA HI Ontario LLC (6939); KPA HS Anaheim, LLC (0302); KPA Leaseco Holding Inc. (2887); KPA Leaseco, Inc. (7426); KPA RIGG, LLC (6706); KPA RIMY, LLC (6804); KPA San Antonio, LLC (1251); KPA Tysons Comer RI, LLC (1327); KPA Washington DC, LLC (1164); KPA/GP Ft. Walton LLC (3743); KPA/GP Louisville (HI) LLC (3744); KPA/GP Valencia LLC (9816). The location of the Debtors' corporate (continued on next page) Upon the application (the "Application")2 of the Debtors, as debtors and debtors in possession (collectively, the "Debtors"), for the entry of an order (this "Order") authorizing the Debtors to retain and employ Moelis & Company LLC ("Moelis") as financial advisor and investment banker, nunc pro tunc to the Petition Date, all as more fully set forth in the Application and the Engagement Letter; and upon the First Day Declaration and the Derrough Declaration; and upon the Supplemental Declaration of William Q. Derrough in support of the Application filed on August 6, 2010; and upon the Second Supplemental Declaration of William Q. Derrough in support of the Application filed on August 11, 2010; and the Court having found that the Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and 1334; and the Court having found that this is a core proceeding pursuant to 28 U.S.C. 157(b)(2); and the Court having found that venue of this proceeding and the Application in this district is proper pursuant to 28 U.S.C. 1408 and 1409; and the Court having found that the relief requested in the Application is in the best interests of the Debtors' estates, their creditors, and other parties in interest; and the Debtors having provided appropriate notice of the Application and the opportunity for a hearing on the Application under the circumstances; and the Court having reviewed the Application and having heard the statements in support of the relief requested therein before the Court (the "Hearing"); and the Court having determined that the legal and factual bases set forth in the Application and at the Hearing establish just cause for the relief granted herein; and any objections to the requested relief having been withdrawn or resolved or 2 headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480. All capitalized terms used but otherwise not defined herein shall have the meanings set forth in the Application. 2 overruled on the merits; and upon all of the proceedings had before the Court; and after due deliberation and sufficient cause appearing therefor, it is HEREBY ORDERED THAT: 1. The Application is granted as set forth herein. 2. The Debtors are authorized to retain and employ Moelis as their financial advisor and investment banker in these Chapter 11 Cases pursuant to that certain engagement letter, dated as of March 24, 2010, by and between the Debtors and Moelis, as modified herein (the "Engagement Letter"), nunc pro tunc to the Petition Date. 3. Moelis shall be compensated in accordance with the terms of the Engagement Letter as modified herein, and, in particular, all of Moelis's fees and expenses in these Chapter 11 Cases, including without limitation the Monthly Fee, the Restructuring Fee, and the indemnification, contribution and reimbursement provisions of the Engagement Letter, are approved pursuant to section 328(a) of the Bankruptcy Code. 4. Except for the fees and expenses of Moelis' s attorneys, all compensation and reimbursement of expenses payable to Moelis pursuant to the Engagement Letter as modified herein shall be subject to review only pursuant to the standards set forth in section 328(a) of the Bankruptcy Code and shall not be subject to the standard of review set forth in section 330 of the Bankruptcy Code; provided, however, that the U.S. Trustee alone retains all rights to respond or object to Moelis's interim and final applications for compensation and reimbursement of expenses on all grounds including, but not limited to, reasonableness pursuant to section 330 of the Bankruptcy Code. 5. Notwithstanding anything to the contrary contained herein or in the Engagement Letter, Moelis shall file fee applications for interim and final allowance of compensation and reimbursement of expenses pursuant to the procedures set forth in sections 330 and 331 of the 3 Bankruptcy Code and the Bankruptcy Rules and such procedures as may be fixed by order of this Court, as may be modified or amended; provided, however, that (a) all of Moelis's restructuring personnel who provide services to or on behalf of the Debtors, with the exception of administrative and support personnel, shall keep contemporaneous summary time records of the services they have performed in one-half hour increments and (b) Moelis shall not be required to provide or conform to any schedule of hourly rates. 6. If at any time Moelis increases the rates for its services, Moelis will file a supplemental affidavit with the Court describing such increases and provide notice of such increases to the U.S. Trustee. 7. Moelis's professionals (with the exception of administrative and support personnel) shall maintain summary time records based on project categories that are selected by Moelis. 8. The provisions of Annex A to the Engagement Letter are approved, subject to the following. a) Subject to the provisions of subparagraphs (b), (c) and (d) below, the Debtors are authorized to indemnify, and shall indemnify, the Indemnified Persons (as defined in the Engagement Letter) in accordance with the Engagement Letter and to the extent permitted by applicable law, for any claim arising from, related to, or in connection with Moelis's performance of the services described in the Engagement Letter; b) All requests by Indemnified Persons for the payment of indemnification as set forth in the Engagement Letter shall be made by means of an application to the Court and shall be subject to review by the Court to ensure that payment of such indemnity conforms to the terms of the Engagement Letter and is reasonable under the circumstances of the litigation or settlement in respect of which indemnity is sought; provided, however, that in no event shall any Indemnified Person be indemnified in the case of its own bad-faith, self-dealing or breach of fiduciary duty (if any), gross negligence or willful misconduct; c) In no event shall any Indemnified Person be indemnified if the Debtors or a representative of the estate asserts a claim for, and the Court determines 4 by final order that such claim arose out of, such Indemnified Person's own bad-faith, self-dealing or breach of fiduciary duty (if any), gross negligence, or willful misconduct; and d) If Moelis or any Indemnified Person seeks reimbursement from the Debtors for attorneys' fees and expenses in connection with the Engagement Letter, the invoices and supporting time records from such attorneys shall be included in Moelis's own applications, both interim and final, and such invoices and time records shall be subject to the United States Trustee's Guidelines for compensation and reimbursement of expenses and the approval of the Bankruptcy Court pursuant to sections 330 and 331 of the Bankruptcy Code without regard to whether such attorneys have been retained under section 327 of the Bankruptcy Code and without regard to whether such attorneys' services satisfy section 330(a)(3)(C) of the Bankruptcy Code. 9. To the extent the Debtors request additional servtces not covered under the Engagement Letter, Moelis and the Debtors may enter into additional engagement letters, as necessary, and will file and serve a notice of presentment of an order to the Court for approval of any such additional engagement letters. 10. The first sentence of paragraph 12 of the Engagement Letter and the first sentence of the last paragraph on page B-2 of Annex A of the Engagement Letter are hereby deleted. 11. Moelis may consult and use for activities outside the U.S. employees of its sister investment banking affiliates in other jurisdictions. If Moelis determines in the future to use its affiliates or subsidiaries to provide services to the Debtors in these Chapter 11 Cases except as described in the foregoing sentence, Moelis shall file a supplemental declaration with this Court. 12. In the event of a conflict between the Engagement Letter, the Application, and the express terms of this Order, the express terms of this Order shall govern. 13. The Debtors and Moelis are authorized to take all actions necessary to effectuate the relief granted pursuant to this Order. 14. This Order shall neither authorize the Debtors to use any cash collateral (as defined in section 363(a) of the Bankruptcy Code) nor prejudice any entities' rights with respect 5 to any request by the Debtors to use cash collateral. Nothing in this Order shall affect in any way the Interim Order (A) Authorizing the Debtors to (i) Use the Adequate Protection Parties' Cash Collateral and (ii) Provide Adequate Protection to the Adequate Protection Parties Pursuant to 11 US.C. 361, 362, and 363, and (B) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 400/(b) [Docket No. 54] or any subsequent order entered granting the relief requested in the Debtors' Motion for the Entry of Interim and Final Orders (A) Authorizing the Debtors to (i) Use the Adequate Protection Parties' Cash Collateral and (ii) Provide Adequate Protection to the Adequate Protection Parties Pursuant to 11 US. C. 361, 362, and 363, (B) to the Extent Approved in the Final Order, Granting Senior Secured, Priming Liens on Certain Postpetition Intercompany Claims, (C) to the Extent Approved in the Final Order, Granting Administrative Priority Status to Certain Postpetition Intercompany Claims, and (D) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001 (b) [Docket No. 13]. Further, nothing in this Order shall affect in any way any special servicer's right to object to the use of its cash collateral to fund all or part of the fees and expenses of professionals compensated from the Debtors' bankruptcy estates in monthly, interim, or final fee requests nor rule on the appropriateness of such cash collateral use or any entities' rights with respect thereto. 15. Notice of the Application as provided therein shall be deemed good and sufficient notice. 16. The terms and conditions of this Order shall be immediately effective and enforceable upon its entry. 17. All time periods set forth in this Order shall be calculated in accordance with Bankruptcy Rule 9006(a). 6 18. Notwithstanding anything in the Application or the Engagement Letter to the contrary, during the pendency of these Chapter 11 Cases, this Court retains exclusive jurisdiction over all matters arising out of and/or pertaining to Moelis's engagement by the Debtors and any matters, claims, rights, or disputes arising from or related to the implementation of this Order. New York, New York Date: August 12, 2010 7 Is/Shelley C. Chapman United States Bankruptcy Judge EXHIBITB NY\1713656.1 Innkeepers Summary of Hours: 7/19/10- 11/30/10 Category Hours Board Mt>etings I C.lls Cast> Administration Court Hearings I Filings I Dt>positions Discussions with Constituents Discussions with Counsel I Management Discussions with Five Mile I Third Parties Financial Analysis I Modeling I Internal Materials Genpral I Other General Materials I Prest>ntation Preparation Internal Mt>etings I Calls !TOTAL 72.5 170.0 144.5 261.5 614.5 175.0 813.0 209.5 439.5 145.0 3,045.o 1 Innkeepers Summary of Hours W. Derrough A. Rubin S. Moore A. Pieczonka K.Cui Total Summl'r An.llyst July 7/19 1.0 1.0 1.0 . o 1.0 12.0 7/20 0.5 2.5 2.5 5.5 7/21 11.5 0.5 1.5 1.5 .'\.5 5.5 -J..5 17.5 7/22 0.5 0.5 11.0 h.O H.5 lh.5 x.o 51.0 7/21 1.0 0.5 :to 5.5 . 0 1-J..O 7/2. 0.5 HI . o X.5 7/25 0.5 2.0 2.0 -J..5 7/26 2.5 1.0 2.5 1.0 1.5 1(),5 7/27 . o H.O 1 .5 12.5 12.5 51.5 7/lH (1.5 5.5 -!.5 0.5 7.5 -J..5 21J.O 7/29 2.5 1.5 2.5 2.5 2.5 tt.S 7/10 2.0 1.5 1.5 1.0 n.O 7/.11 0.5 2.0 2.5 July Total 2.5 1.5 35.5 255 46.5 65.0 47.5 224.0 August H/1 2.5 2.5 5.0 H/2 2.5 1.0 2.0 2.5 2.0 10.0 H/1 0.5 1.5 1.5 1.0 n.O 7.5 20.0 x; 2.0 1.0 1.0 H.O H.O 22.0 H/5 2.0 0.5 1.5 10.0 10.0 26.0 H/<i 2.5 1.0 HI 9.0 IH.5 H/7 2.0 h.O x.o 1<i.O H/H 0.5 2.0 <i.O H.O 1<i.5 H/9 HI 1.5 5.0 1.0 15.5 X/HI 1.5 0.5 .1.0 .s 6.5 IH.O H/11 1.5 1.0 0.5 2.0 5.0 H/12 2.0 1.5 1.0 -J..5 2.5 2.0 15.5 H/13 0.5 0.5 HI 5.0 H/U 0.5 1.0 -J..5 <i.O H/15 1.0 2.0 . o 7.0 H/1<i 0.5 ~ . 0 0.5 5.0 H/17 1.0 5.5 5.0 11.5 H/1H 0.5 5.5 IJ.S <i.O 21.5 H/19 2.0 1.5 5.0 X.O 2.5 19.0 Hj20 2.0 2.0 2.0 1.0 7.0 H/21 X/22 H/23 0.5 0.5 3.5 ~ . 5 H / 2 ~ 2.0 2.5 7.5 9.5 21.5 H/25 1.0 HI :w 9.0 17.0 H/2<i 2.0 3.0 1.5 H.O 1.0 17.5 H/27 H/2H 2.0 2.0 ~ . 0 2.0 10.0 H/29 1.5 2.0 6.5 7.0 19.0 Hj:\0 6.0 x.O 1.5 12.0 10.0 39.5 H/31 1.5 :w .1.0 n.o -t5 20.0 August Tot.t.l 19.0 0.0 51.5 26.0 99.0 128.5 95.0 419.0 S"S(9 0"001 S"tBI osn S"lH os S"OL JPJOl. JaqmaJdas OTt "6 !rtl !l"L \. '() 'h nUn S"'J!: ()"(:l ()"fil S"L !l"L ()"I O"!H 6(./fi su OTI sL 0"9 ()"[ S't HL/h S'LL 0'9 ss ll"9 sr ll"l s1 LL!h ()"Z\_; su ()"h ow so OT 9<./n ()"()! ()"t ()"t !r<: sL/n !l"ll om sw o,; S'l ()': tL/n srr sol O"ll {)"[l so S'l l"[/h ()"0(. 0"01 ()"l ()' {fl U.lh {)"t[ ow 1n: ss ()"I st lL/h S'H PH S'll sn (J"I ll'S o<./n !l"U !l"n O'Z ()"l hilh ilTI oz ss ss Hi/n il"Zl' !l"ll sy sL ()"9 (J"I Ll/h S'Ot ()"()I O"tl 0"01 ss ()"I 91 /,; ()"91 so sg (}"(: m: ll"Z Silo !1"1 !l"l '4 ss ss tllh s,;, O"L O"l ()"[ ()"t ST Ulh OTI OT OT S'\. ST Zilh su In: sz: m: ()'[ iilh '4 S"l ilT !11/n !I"L ()"t (fl hlh S'HI sL sz {)'(: st IJ'Z H/h O"ll S"l sl S'l il"l !n L/h 9/h S/h O"l !1"1 (J'i (J"I t/h ss so so S'L sl S'l llh Zlh STt sw sw !l"H STI ()' i/h uquwJd"S lSAJPUV ,lli'DO!->"\' ol.l!J\ lU,ljW.;,lJd ol.llt\ Jll!Uo"5 JOl 'l.lJ!Q aula JOl 'I.U!Q JPJOJ_ P'fUOZJel!d 'V 1rJa a .UOOy.,j 'S JPWPf 'Z UNPlJ'V qSno.ucla 'M O.JPU SIDOH JO A.IeWWOS SJC}QC}C}'JUUJ 5'588 5'8Z( 5'61 0'601 5'99 O't 0'85 tetoJ. Jaqo:po 5'6 {)" f't 11:/01 S'Ot O't tl'H so so so OC/tH ofZ tl'o szl 5'1: 6</0t O'Z\. S'Ol OTI '\: OT O'l HZ/01 soz 0'1> trt tl'l so so L</tlt tl'9l stl tn:r st sz sz 91:/0l S'tt tr<:l sn trt '9 ss !:Z/01 S'h t)'(t 0'51 st trz oz tZ/tlt sH tl'9 sz IZ/tlt 0'6< sL. O'tt ss O't t)'( U:/OI S'S\, sn trn ()'S ()" ()' lZ/Ot tl'Hl O'St sn OT S"\. ()" ol/ot O'Zt su sH tl'9 "-) t)'( 5'9 61/0t (rfl. S'\1 S'H O'L ()'9 ()'Z H1/0t trtz ss tro "[ S'\ sz L1/0t S'L.I sL O'L t)'( {)'\ trt 91/(l( O'Sl ()'(ll sy so so so st /ot nn ()"()\ st sr sr t)'( tt/01 tf\:1 trot '\: O't so n/tn STS su tl'9t sm gy trY <l/01 S'l\. S\:1 S'Sl trz so n/ot O"ZZ trn {)"}I n. ()"\ so Ot/Ot S'Sl S'L {)'() O't O't 6/t)( {)"6t S'YI S'\:1 tl'L trt {r\ H/(l( tl'Ll sn ST1 tl'L ()"l tl'l L/tlt S'I.Jt trtt f"SI tl'L ()'Y trt 9/t)( trot ()"\ sn os st O't ()'( slot S'tt S'tl '()\ ST S'l st t/Ot S'lt ss trY l/tH sa: S\'1 trot ()'( O't O't Z/Ot S'tZ n, sm S\. so so 1/tl(
55.99 106.72 134.81 143.80 Innkee ers September Expense Report Dl'ldll ---- 9/29/2010 0000001887 TdXI Bridn BdCdl 9/29/2010 0000001887 TdXI Bndn Bdcdl 9/29/2010 0000001887 fdXI Addm Pieczonkd 9/30/2010 0000001887 fdxt Bndn Bdcdl 9/30/2010 0000001887 Tdxi Addm Pieczonkd TOTAL NYC TAXI MED 5K5709 BROOKLYN TdXi@ 7:52dm to chen! meeting NYC TAXI MED 9V46 09 NEW YORK T xi from client meeting to home@ !2:08am NYC TAXI MED 3V39 09 LONG ISLAND From work home@ 1:54dm NYC TAXI MED9V46 09 NEW YORK Tdxi from office to home@ 10:19pm NYC TAXI MED 9C23 09 ELMHURST From work home@ 11:59pm - 4.75 5.37 14.37 5.64 14.87 $17,289.39 Innkee ers CAtober Expense Report Detail ---- 8/12/2010 0000001980 A1rfare Derrough 8/25/2010 0000001980 Airfare Moore 9/1/2010 0000001980 Taxi Derrough 9/1/2010 0000001980 Taxi Derrough 9/14/2010 0000001980 Taxi Derrough 9/15/2010 0000001980 Taxi Derrough 9/16/2010 0000001980 Phone-Other Bacal 9/24/2010 0000001980 Hotel-Meals Moore 9/28/2010 0000001980 Phone Jdmdl 9/29/2010 0000001980 Taxi Derrough 9/30/2010 0000001980 Tax1 Derrough 10/1/2010 0000001980 Taxi P1eczonka 10/2/2010 0000001980 Taxi P1eczonka 10/3/2010 0000001980 T dXI Pieczonka 10/3/2010 0000001980 Tdxi Pieczonka 10/4/2010 0000001980 Taxi P1eczonka 10/4/2010 0000001980 Tax1 Pieczonka 10/4/2010 0000001980 Tax1 Moore 10/5/2010 0000001980 Tax1 P1eczonka 10/6/2010 0000001980 Taxi Pieczonka 10/7/2010 0000001980 Taxi Bacal 10/7/2010 0000001980 Taxi Pieczonka 10/8/2010 0000001980 Taxi P1eczonka 10/8/2010 0000001980 Taxi Bacal 10/9/2010 0000001980 Taxi P1eczonka 10/10/2010 0000001980 Taxi Bacal 10/10/2010 0000001980 Taxi P1eczonka 10/10/2010 0000001980 TdXI Pieczonka 10/11/2010 0000001980 Taxi Pieczonka 10/11/2010 0000001980 Tax1 Moore 10/12/2010 0000001980 Meals Moore 10/12/2010 0000001980 Taxi Bacal 10/12/2010 0000001980 Taxi P1eczonka 10/13/2010 0000001980 AirfMe Bacal 10/13/2010 0000001980 A1rfare Bdcdl 10/13/2010 0000001980 Airfare Bacal 10/13/2010 0000001980 Airfare Moore 10/13/2010 0000001980 A1rfare Bacal 10/13/2010 0000001980 Airfare Bacal 10/13/2010 0000001980 Airfare Moore 10/13/2010 0000001980 Taxi Bacal 10/13/2010 0000001980 Taxi P1eczonka 10/14/2010 0000001980 Taxi Bacal 10/14/2010 0000001980 Taxi Pieczonka 10/14/2010 0000001980 Taxi P1eczonka 10/16/2010 0000001980 Tax1 P1eczonka 10/16/2010 0000001980 Taxi Pieczonka 10/16/2010 0000001980 Tax1 P1eczonka D<scriptlon SOUND AIRCRAFT TO NYC- to dttend HeMing DELTA AIR LINES TAMPA LGA NYC-TAXI VERIFONE NY LONG ISLAND Courthoust to office NYC-TAXI VERIFONE NY LONG ISLAND To Courthouse for client hednng NYC TAXI MED 8V65 09 BROOKLYN Office to dttomey's offiCe for client meeting NYC-TAXI VERIFONE NY LONG ISLAND Innkeepers meeting PAID WIRELESS INTERNET 800-880-411 BRAZILIAN COURT HOTEL PALM BEACH Innkeepers ATT 512022678107 NYC TAXI MED 9T12 QlBROOKLYN Home dfter INNK dep CRISTIAN M RADU-8F35 RIDGEWOOD Courthouse to office NYC TAXI MED4P58 09 FLUSHING From work home@ 12:37am ALL TAXI MANAGEMENT LONG ISLAND S.turddy- home to work@ 12:45pm CITY BEST MANAGEMENT NEW YORK S.turddy- from work home@ 12:07dffi SIMON DAHAN-9B13SIM JAMAICA Sunddy- home to work@ 6:07pm NYC-TAXI VERIFONE NY LONG ISLAND Drop off dedl toy NYC-TAXI VERIFONE NY LONG ISLAND From work home@ 12:08dm BIG APPLE CAR INC BROOKLYN idle mghtwork NYC TAXI MED 2E54 09 BROOKLYN From work home@ I :04dm NYC TAXI MED 1N85 09 LONG ISLAND From work home@ 1:53dffi FLEET LINE LLC FLEETL WOODSIDE from office to home dt 21:28 NYC TAXI MED8L%09WOODSIDE From work home@ 12:41dm YELLOW CAB SlSJET MA LONG ISLAND From work home@ 12:23dm )TL MANAGEMENT INC J LONG ISLAND from clieot meeting to office dt 20:54 ANOWARL AZIM-2F62 AN BROOKLYN S.turday- from work home@ 7:37pm NYC TAXl MED 6J91 09 BROOKLYN from meeting to office dt 12:42pm NYC TAXI MED 7Y19 09 LONG iSLAND Sunday- home to work@ 9:44dm NY T dXI From work home@ 12:55dm NYC TAXI MED 2B13 09 LONG iSLAND From work home@ 2:09am BIG APPLE CAR INC BROOKLYN Idle night work GOOD BURGER NEW YORK client mtg NYC TAXI MED 2E54 09 BROOKLYN from office to home dt 00:31 NYC TAXI MED 9L7509 BROOKLYN From work home@ 1:32dm TRAVEL AGENCY SERVICENEW YORK service fee on the outbound from LGA to West Pdlm TRAVEL AGENCY SERVICENEW YORK service fee on Delta flight TRAVEL AGENCY SERVICENEW YORK service fee for West Palm TRAVEL AGENCY SERVJCENEW YORK LGA- PBI DELTA AIR LINES NEW YORK tiCket on Delta to Palm BedCh JET BLUE ARC SALT LAKE CITY UT from LGA to West Pdlm bedCh FL in economy DELTA AIR LINES NEW YORK LGA- PBI NYC TAXI MED 6C4209STATEN ISLA from office to home on 10/12dt 21:00 NYC-TAXI VERIFONE NY LONG ISLAND From work home@ 12:58am NYC TAXI MED 2P39 09 BROOKLYN from office to home at 1:29dm NYC TAXI MED 2D83 09 ASTORIA From work home@ 2:52dm GUSTAVO E CABREJOS G JACKSON HEI From work home@ 11 :45pm NYC TAXI MED 1M41 09 NEW YORK From work home@ 1:41dffi TAXI CREDlT CARD COR WOODSIDE S.turddy- home to work@ 1:42pm KING BROKERAGE KlNG BROOKLYN S.turday- from work home@ 8:03pm - $495.00 351.00 8.50 9.95 9.10 14.60 9.95 10.12 30.01 15.85 19.82 14.28 13.80 10.70 1260 7.60 13.10 106.72 13.80 14.30 5.30 13.80 14.30 18.40 13.00 11.28 13.20 18.10 1284 106.72 63.00 5.64 13.32 4200 4200 4200 42.00 119.70 148.70 959.40 4.87 13.50 5.70 13.37 14.90 10.37 14.40 16.50 Innkee ers n:tober Expense Report Detail ---- 10/17/2010 0000001980 Phone-Other Bat'al 10/18/2010 0000001980 A1rfare Moore 10/18/2010 0000001980 A1rfare Moone 10/18/2010 0000001960 A1rfdl"ll' Jmal 10/18/2010 0000001980 Airfare ]dmal 10/18/2010 0000001960 A1rfare Moore 10/18/2010 0000001960 A1rtare Moone 10(18/2010 0000001980 A1rfare P1erzonka 10/18/2010 0000001960 Airfare PiKzonka 10(18(2010 0000001980 A1rfare jdmal 10/18/2010 0000001980 A1rfMe Moore 10/18(2010 0000001960 A1rfare Pu:'l-zonka 10/18/2010 0000001980 raxi P1eczonka 10(18/2010 0000001960 T dXi P1erzonka 10/18/2010 0000001960 fdXI Moore 10/19(2010 0000001980 A1rfare Derrough 10/19/2010 0000001960 A1rfare jdmal 10(19/2010 ()(XJ0001960 A1rfare Moore 10/19/2010 0000001960 A1rfare Dt>rrough 10/19(2010 0000001960 Tax1 Bdcal 10/19/2010 0000001960 Tdxi P1eczonka 10/20/2010 O<.XJ0001960 A1rfdre Moore 10(20/2010 0000001960 A1rfare Moore 10/20/2010 0000001980 Lodgmg Jamal 10(20/2010 0000001960 Lodging Moore 10(20/2010 0000001960 Lodgmg Jamal 10/20/2010 0000001960 Lodging ~ 1 o o r e 10(20/2010 0000001960 Lodging Derrough 10/20/2010 0000001960 Lodgmg Derrough 10/20/2010 0000001960 Lodgmg Jmal 10(20/2010 0000001960 Lodgmg Moore 10/20/2010 0000001960 Tax1 Pieczonka 10(20/2010 0000001960 Taxi Derrough 10/21/2010 0000001960 A1rfare Jamal 10/21/2010 0000001980 Airfare Jamal 10(21/2010 0000001960 Lodging Bacal 10/21/2010 0000001960 Lodging Moore 10/21/2010 0000001960 Lodgmg Puc>(:zonka 10(21/2010 0000001960 Lodging BdCal 10/21/2010 0000001980 Lodging rvtoore 10(21(2010 0000001960 Lodging P1eczonka 10/21/2010 0000001960 Lodgmg Bacal 10/21/2010 0000001960 Lodging Moore 10(21/2010 0000001960 Lodgmg Pieczonka 10/21/2010 0000001960 Meals Moore 10(21/2010 0000001960 Meals Travel Pieczonka 10/21/2010 0000001980 Meals Travel Bacal 10/21/2010 0000001960 Meals Travel Moore 10/21/2010 0000001960 Meals Travel Derrough 10/21/2010 0000001980 Meals Travel Moone 10/21/2010 0000001960 Taxi Bacal 10/21/2010 0000001960 Taxi Pieczonka 10/21/2010 0000001960 Taxi Derrough 10(21/2010 0000001960 Taxi Moore 10/22/2010 0000001980 A1rfare rv1oore 10/22/2010 0000001960 A1rfMe Bacal 10/22/2010 0000001960 Airfare Derrough 10/22/2010 0000001980 Airfare Moore 10/22/2010 0000001960 Airfare P1eczonka 10/22/2010 0000001960 Airfare Bacal 10/22/2010 0000001960 A1rfare Moone 10/22/2010 0000001960 Airfare Pieczonka 10/22/2010 ()(XJOOOJ960 A1rfare Derrough 10(22/2010 0000001960 Hotel-Meals Moore 10/22(2010 0000001960 Hotel-Meals Pieczonka 10(22/2010 0000001980 Hotel-Meals Pieczonka 10/22/2010 0000001980 Meals Travel Moore 10/22/2010 0000001960 Meals Travel Pieczonka 10/22/2010 0000001980 Meals Travel P1eczonkd 10/22/2010 0000001960 Meals Travel Pieczonka 10(22/2010 0000001960 Parking Bacal 10/22/2010 0000001960 Parkmg BdCal 10/22/2010 0000001960 Phone Moore 10/22/2010 0000001960 Phone Puo'(::zonka 10(22/2010 0000001960 Phone Bacal 10/22/2010 0000001960 Rental Cdf Bacal 10/22/2010 ()(XJOOOJ960 Tax1 Moone 10/22/2010 0000001980 Train P1eczonka 10/22/2010 ()(XJOOOJ960 Tram P1eczonkd 10/22/2010 0000001960 Train Boca I 10/23/2010 0000001960 TaXI Pieczonka 10/23/2010 ()(XJOOOJ960 Taxi Pieczonka 10/23/2010 0000001980 Taxi PiE>Czonka 10/23/2010 0000001960 Taxi Derrough 10(23/2010 0000001960 Taxt Derrough 10/24/2010 0000001980 Tax1 Pieczonkd 10/25/2010 0000001960 Airfare Moone D,.,ription PAID WIRELESS INTERNET 800-880-411 DELTA AIR LINES NEW YORK LGA-PBI partial refund on$959.40 tkt JETBLUE ARC SALT LAKE CITY UT LGA-PBI rRAVEL AGENCY SERVICENEW YORK lnv. # 45647 Ovation Service Fee Plam Beach to NY TRAVEL AGENCY SERVICENEW YORK lnv. # 45646 Ovation Service Fee NY to Palm Beach rRAVEL AGENCY SERVICENEW YORK PBI-LGA DK tkt 464 refunded rRAVEL AGENCY SERVICENEW YORK LGA- PBI JB- tkt returned TRAVEL AGENCY SERVICENEW YORK Chdllged Flight- Ovation ServiCe Fee TRAVEL AGENCY SERVICENEW YORK Ovrltlon Service Fee JETBLUE ARC SALT LAKE CITY UT lnv. # 45646 NY to WPB economy one way changed depart JETBLUE ARC SALT LAKE CITY UT LGA- PBI tkt returned JETBLUE ARC SALT LAKE CITY UT Economy Class- LGA to PBI NYC TAXI MED I P56 09 FLUSHING Sunday- From work home@ I 1:28pm NYC TAXI MED 5A13 09 LONG ISLAND Sunday- home to work @4:32pm BIG APPLE CAR INC BROOKLYN late night work TRAVEL AGENCY SERVICENEW YORK EWR/WPB/ EWR Agency fees JETBLUE ARC SALT LAKE CITY UT new depart. date addt'l cost JETBLUE ARC SALT LAKE CITY UT JFK- PBI CONTINENTAL AIRLINES NEW YORKEWR(WPB/EWR MOHAMMAD CHAUDHARY-8 BROOKLYN from client meeting to office at 20:52 NYC TAXI MED 5F89 09 BRONX From work home@ I 2:53am rRAVEL AGENCY SERVICENEW YORK JFK- PBI after hours fee TRAVEL AGENCY SERVICENEW YORK JFK- PBI JB tkt BRAZILIAN COURT HOTE PALM BEACH Misc. Tax 1 BRAZILIAN COURT HOTE PALM BEACH Misc. Tax 1 BRAZILIAN COURT HOTE PALM BEACH Room Tax BRAZILIAN COURT HOTE PALM BEACH Room Tax THE BREAKERS-FRONT D PALM BEACH Room Tax THE BREAKERS-DEPOSIT PALM BEACH Room Rate BRAZILIAN COURT HOTE PALM BEACH Room Rate BRAZILIAN COURT HOTE PALM BEACH Room Rate NYC TAXI MED 2E5409 BROOKLYN From work home@ 1:34am Palm Beach taxi Airport to hotel TRAVEL AGENCY SERVICENEW YORK lnv. # 46066 Ovat1on Fee WPB to NY Flight Change CONTINENTAL AIRLINES NEW YORK lnv. # 46066 WPB-NY new flight Delta BRAZILIAN COURT HOTE PALM BEACH Misc. Tax 1 BRAZILIAN COURT HOTE PALM BEACH M1sc. Tax I BRAZILIAN COURT HOTE PALM BEACH Misc. Tax 1 BRAZILIAN COURT HOTE PALM BEACH Room Tax BRAZILIAN COURT HOTE PALM BEACH Room Tax BRAZILIAN COURT HOTE PALM BEACH Room Tax BRAZILIAN COURT HOTE PALM BEACH Room Rate BRAZILIAN COURT HOTE PALM BEACH Room Rate BRAZILIAN COURT HOTE PALM BEACH Room Rate CAFE BOULUD PALM BEA PALM BEACH client bklst C STAR BUCKS PB161529 WEST PALM B. ANGELINA '5 METRO MKT FLUSHING had dinner at the terrntnal at 19:10 TOOJAYSPALM BEACH OWEST PALM B. THE BREAKERS-FRONT D PALM BEACH taxes on room Hotel meals OTGJFK T5 VENTURE JAMAICA. NYC TAXI MED 6E3909 ASTORIA from office to home at 23:50 WHITE AND BLUE GROUP LONG ISLAND From work home@ I 2:41am Palm Beach taxi Meeting to airport Bntdllnica to hotel DELTA AIR LINES NEW YORK PBI- LGA TRAVEL AGENCY SERVICENEW YORK service fee on the net urn from West Palm Beach TRAVEL AGENCY SERVICENEW YORK SNA/SJC(SNA Agency fees TRAVEL AGENCY SERVICENEW YORK PBl-JFK JF tkt 344 TRAVEL AGENCY SERVlCENEW YORK Ovation Service Fee JETBLUE ARC SALT LAKE CITY UT from West Palm Beach to LGA in Economy JETBLUE ARC SALT LAKE CITY UT PBI- JFK JETBLUE ARC SALT LAKE CITY UT Economy- PBI to JFK SOUTHWEST AIRLINES NEW YORK SNA(SJC/SNA BRAZILIAN COURT HOTE PALM BEACH Innkeepers BRAZILIAN COURT HOTE PALM BEACH Meals BRAZILIAN COURT HOTE PALM BEACH Hotel in FL QUIZNOS PBI 164713 WEST PALM B. TOOJAYSPALM BEACH OWEST PALM B. QUIZNOS PBI 164713 WEST PALM B. BRAZILIAN COURT HOTE PALM BEACH. BRAZILIAN COURT HOTE PALM BEACH Tax BRAZILIAN COURT HOTE PALM BEACH Park1ng ATTM"2870!5513466NBI ALPHARETTA blackberry A TTM"287016373471NB1 ALPHARETTA A TTM"287016673631NBI ALPHARETTA HERTZ CAR RENTAL PALM BEACH Rented a Car for 1 day Yellow Cab to airport MTA MVM"SUTPHIN BLVD 212-METROCA Subway to office (from JFK) JFK TVMJFK04 JAMAlC BROOKLYN JFK to Subway JFK TVMJFK04 JAMAIC BROOKLYN Took an alrtratn from JFK to the bus stop NYC TAXI MED 8H33 09 BRONX From work home@ I 0:25pm JTL MANAGEMENT INC J LONG ISLAND Saturday- home to work@ 1:53pm CITY BEST MANAGEMENT NEW YORK Saturday- from work home@ 9:52pm ELY LIMO ASTORIA Office to mtg to airport ELY LIMO ASTORIA EWR to NYC NYC-TAXI VERIFONE NY LONG ISLAND Sunday- home to work@ I 2:54pm JETBLUE AIRWAYS 9010 JETBLUE LGA-PBI - 9.95 (479.70) (193.70) 42.00 4200 4200 4200 4200 4200 193.70 193.70 479.70 14.28 14.40 106.72 4200 170.00 263.70 1,004.40 5.70 14.37 20.00 4200 1295 1295 16.84 16.84 2289 199.00 259.00 259.00 14.10 26.00 4200 479.70 1295 12.95 12.95 16.84 16.84 16.84 259.00 259.00 259.00 58.46 586 7.59 10.93 51.46 68.79 5.64 13.50 18.00 30.00 (479.70) 42.00 4200 42.00 43.00 268.70 303.70 303.70 347.40 6.32 15.00 15.00 7.52 10.15 15.74 27.20 1.76 27.00 38.25 100.76 170.16 160.46 25.00 2.25 5.00 7.25 9.70 13.40 17.30 105.60 105.60 14.80 40.00 Innkee ers October Expense Report Detdll ---- 10/25/2010 IJOO:XJ01980 A1rfare Moore 10/25/2010 0000001980 A1rfare Moore 10/25/2010 0000001980 f..'\ XI Bdcdl 10/25/2010 0000001980 Taxi Derrough 10/25/2010 0000001980 Taxi Pieczonkd I0/25/2010 0000001980 Taxi Moore 10/26/2010 IJOO:XJ01980 Phone jdmal 10/26/2010 0000001980 raxi Bacal 10/26/2010 0000001980 Taxi Pierzonka 10/26/2010 0000001980 Taxi BdCal 10j27j2010 0000001980 Tax1 Pieczonka 10/27/2010 0000001980 TdXI ]dmdl 10j2B/2010 0000001980 A1rfare Derrough I0/28/2010 0000001980 Taxi Pieczonka 10/28/2010 0000001980 TdXI Pieczonka 10/28/2010 0000001980 raxi Moore 10/28/2010 0000001980 Taxi Moore 10/29/2010 0000001980 Airfare Moore 10/29/2010 0000001980 Lt:gl TOTAL Description JETBLUE AIRWAYS 9010 ]ETBLUE PBI-LGA TRAVEL AGENCY SERVICENEW YORK LCA-PBI-LGA JB tkt 016 NYC TAXI MED 5N34 09 LONG ISLAND from office to home dt 1:15m TAXI CREDIT CARD COR WOODSIDE INNK meeting dt Miller Buckfire ARR MANAGEMENT CORP WOODSIDE From work home@ 4:01m BIG APPLE CAR INC BROOKLYN lte night work ATTM*287020508296NBI ALPHARETTA NYCT AXI MED 9V4609 NEW YORK from office to home dt 21:40 55 STAN OPERATING CO LONG ISLAND From work home@ 12:54m BIG APPLE CAR INC BROOKLYN from home to LGA dt 6:08dm QUEENS MEDALLION LSN LONG ISLAND From work home@ 2:02dm BIG APPLE CAR INC BROOKLYN Newrk Airport to home VIRGIN AMERICA BURLINGAME LAX/ ]FK NYC TAXI MED 3CII 09 NEW YORK From work home@ 12:05dm CITITAXI FUNDING LLC WOODSIDE From work home@ I 1:17pm BIG APPLE CAR INC BROOKLYN lte night work BIG APPLE CAR INC BROOKLYN ]FK to home SOUTHWEST AIRLINES NEW YORK LAX-SJC LATHAM & WATKINS LLP - 40.00 42.00 5.30 11.40 13.10 106.99 34.77 6.12 16.10 55.99 12.70 79.15 1,20270 15.24 16.10 106.72 180.17 173.70 1,585.02 $13,187.49 Innkee ers November Expense Report Detc111 ---- 10/28/2010 0000002041 TdXI 8dt'dl 10/29/2010 0000002041 A1rfc1re 8dCdl 10/29/2010 0000002041 A1rfc1re Bdcdl 10/29/2010 0000002041 Airfdre Moore 10/29/2010 0000002041 Arfdre Moore 10/29/2010 0000002041 A1rfc1re Moore I0/29/2010 0000002041 A1rfMe Moore 10/29/2010 0000002041 Phone Jomal 10/30/2010 0000002041 Phone Moore 10/31/2010 0000002041 Lodging Bdcdl 10/31/2010 0000002041 Lodging Bd<.al 10/31/2010 0000002041 Mec1ls Trdvel B,Kdi 10/31/2010 0000002041 PMkmg 8dCdl 10/31/2010 0000002041 Tdxi Bdcdl II/ 1/2010 0000002041 A1rfc1re 8d(di 11/1/2010 0000002041 Lodging 8dCdl 11/1/2010 0000002041 Lodging 8dCdi 11/1/2010 0000002041 Mec1ls Trdvel Bdcdl 11/1/2010 0000002041 Tdxi Bdrdl 11/2/2010 0000002041 Medls Jamal 11/2/2010 0000002041 Mt>als Trdvel 8dcdl 11/2/2010 0000002041 Mec1ls Trdvel Moore 11/2/2010 0000002041 Pdfkmg 8dCdl 11/2/2010 0000002041 RentdlCdr 8dcal 11/2/2010 0000002041 Tdxi B,Kdi 11/2/2010 0000002041 Tdxi Derrough 11/2/2010 0000002041 Tdxi Derrough 11/2/2010 0000002041 Taxi Moore 11/3/2010 0000002041 Mec1ls Moore 11/3/2010 0000002041 Medls Trdvel Moore 11/3/2010 0000002041 RentaiCM Moore 11/3/2010 0000002041 Tdxi Bdcdl 11/4/2010 0000002041 Airfdre Moore 11/4/2010 0000002041 A1rfc1re Moore 11/4/2010 0000002041 Info Services Jamal 11/4/2010 0000002041 Medls Trdvel Bdcdl 11/4/2010 0000002041 Pdrking Moore 11/4/2010 0000002041 Rental Cdr Moore 11/4/2010 0000002041 TdXI 8dcdl 11/4/2010 0000002041 TdXI Derrough 11/5/2010 0000002041 Meals Moore 11/5/2010 0000002041 Parking Moore 11/5/2010 0000002041 Tc1xi BdCdl 11/5/2010 0000002041 Taxi Derrough 11/6/2010 0000002041 Meals Moore 11j6j2010 0000002041 M1sc Moore 11/6/2010 0000002041 Rental Car Moore 11/8/2010 0000002041 Tdxi Bc1cal 11/8/2010 0000002041 Tdxi Bdcdl 11/9/2010 0000002041 Tdxi Bdcdl 11/9/2010 0000002041 Tc1xi Moore 11/10/2010 0000002041 Meals Jamal 11/10/2010 0000002041 Taxi 8dcdl 11/10/2010 0000002041 Taxi Jomal 11/11/2010 0000002041 TdXi Derrough 11/12/2010 0000002041 Tolls Moore 11/15/2010 0000002041 Tdxi Jamal 11/15/2010 0000002041 Tdxi Moore 11/17/2010 0000002041 Phone Bdcal 11/17/2010 0000002041 Tdxi Moore 11/23/2010 0000002041 Legal 11/29/2010 0000002041 Taxi Moore 11/30/2010 0000002041 Tdxi Moore TOTAL lleM:riptlon Late n1ght NYC TAX! JETBLUE ARC NYC/PBI Ovdtlon- Trdvel Agency Fee AMERICAN AIRLINES INC NYC/CA AMERICAN AIRLINES INC SJ/LAX Ovdtlon- Trdvel Agency Fee Ovdtion- Trdvel Agency Fee AT&TTLG MNY RT!2 ALPHARETTA AT&TTLG MNY RT!2 BRAZILIAN COURT HOTEL Room Rate BRAZILIAN COURT HOTEL Tax BRAZILIAN COURT HOTEL Meals BRAZILIAN COURT HOTEL Parking KRANI TAX! weekend Ovdtion- Trdvel Agency Fee BRAZILIAN COURT HOTEL Room Rate BRAZILIAN COURT HOTEL Tax BRAZILIAN COURT HOTEL Meals UNITED MGMT GROUP INC TAX! weekend Breakfast meeting BRASSERIE REST AU RANT 1731 CHILl'S #815 TRAVEL MEAL SOHO BISTRO-TERM 9 JFK BRAZILIAN COURT HOTEL Parkmg HERTZ RAC/ ADVANTAGE travel NYC-TAX! VERIFONE In Cdlifomid for INNK tours Los Angeles T dXi Home to INNK meeting NYC TAXI MED# 3T49 BIG APPLE CAR INC TANGLEWOOD NOAH'S BAGELS #2500 HERTZ RAC/ ADVANTAGE MCGUINNESS MANAGEMENT TAX! AMERICAN AIRLINES INC SF/LAX Ovdtlon- Trdvel Agency Fee Court reports for Innkeepers PACER 800-<>76-68561R JETBLUE BUY ON BOARD MEAL Innkeepers Five Stdr Pdrking HERTZ RAC/ ADVANTAGE BIG APPLE CAR INC BIG APPLE CAR INC THE ROSE CAFE AND MARKET LA CITY METERED PRKNG CCRMT MANAGMENT INC TAX! BIG APPLE CAR INC VICEROY SANTA MONICA EXXON MOBIL CAT OUTSIDE HERTZ RAC/ ADVANTAGE BIG APPLE CAR INC TALLY LEASING CORPORATION TAX! WAILING MGMT INC TAX! late night work BIG APPLE CAR INC RITZCARLTON NY BTTRY PRK WAILING MGMT INC TAXI W AHEED BROKERAGE INC E.A. PREFERRED CARS AMERICAN TRAFFIC SOLUTION NYC T axl # 3D93 late night work BIG APPLE CAR INC AT&T TLG MNY RT12 ALPHARETTA late night work BIG APPLE CAR INC LATHAM & WATKINS LLP late night work BIG APPLE CAR INC BLUE ONE TRANSPORTATION TAXI - $5.30 994.40 42.00 1,659.00 158.70 4200 4200 57.57 120.29 223.00 27.41 27.20 27.00 9.00 4200 271.00 3293 76.32 5.25 127.79 19.00 18.39 27.00 152.29 55.50 16.00 13.75 115.36 321.98 5.95 200.57 4.40 179.70 4200 21.52 6.00 8.00 364.75 76.95 57.66 49.16 2.00 5.30 33.26 87.71 11.37 138.16 66.53 4.80 5.70 143.31 391.79 5.70 9.85 15200 7.50 11.10 100.62 156.23 106.72 352.00 108.39 30.00 $7,676.13 LATHAM&WATKI NSLLP INVOICE August 31, 2010 MOELIS & COMPANY c/o GELLER & COMPANY, ATTN: EBG 909 THIRD A VENUE NEW YORK, NY I 0022 For professional services rendered through August 31,2010 re: INNKEEPERS USA TRUST Attorney Time: 13.40 hrs@ individual rates Other Charges: Total Current Charges: Total Amount Due: 355 South Grand Avenue Los Angeles. California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com Tax identification No: 95-2018373 REMITTANCE INSTRUCTIONS WIRE TRANSFERS: Bank: Citibank, Delaware One Penn's Way New Castle, DE 19720 ABA: 0311-00209 SWIFT: CITIUS33 CHECKS Latham & Watkins LLP P.O. Box 894256 Los Angeles, CA 90189-4256 Account Name: Latham & Watkins LLP Account Number: 3911-7003 Please identify your check or wire transfer with the following numbers: Invoice No. 100113798 File No. 045520-0050 $11.027.00 $11,156.73 $11.156.73 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100113798 LA\2138867.1 Attorney Hours: M RIELA AJ GOLDBERG Paralegal Hours: Total Services Other charges: TELEPHONE (ASSOCIATE. SR.) (ASSOCIATE) DOCUMENT PREPARA TlON GROUND TRANSPORTATION Total other charges Total current charges Balance due from previous billing: BALANCE DUE 8.30 hrs@ 5.10 hrs@ 13.4 Ill'S 53.73 55.60 20.40 $880.00 /hr. $730.00 /hr. BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. $7,304.00 S3.723.00 FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100113798 2 LA\2138867.1 $11.027.00 129.73 l 1.156.73 .00 $11.156.73 TIME DETAIL Attorney/ Date Paralegal Hours Description 08/02/10 MR .50 E-MAIL EXCHANGES WITH S. GOLDEN (UST) REGARDING IN KEEPERS SUPPLEMENTAL DECLARATION AND PROPOSAL OF RETENTION ORDER 08/05/10 MR 1.40 . E-MAILS WITH MOELIS, UST AND K&E REGARDING MOELIS RETENTION ORDER AND SUPPLEMENTAL DECLARATION; REVIEW MIDLAND OBJECTION TO MOELIS'S RETENTION AND JOINDER THERETO: E-MAILS WITH A. GOLDBERG, MOELIS AND K&E REGARDING SAME 08/06/10 MR 1.40 E-MAILS AND TELEPHONE CONFERENCES WITH OBJECTIONS TO MOELIS RETENTION AND SUPPLEMENTAL RETENTION AND DECLARATION 08/06/10 AJG .70 CALL AND CORRESPONDENCE REGARDING RESPONSE TO OBJECTION 08/09/10 MR 1.20 EMAILS WITH MOELIS AND K&E REGARDING INNKEEPERS; REVIEW FIRST DRAFT OF DEBTOR'S OMNIBUS RESPONSE TO MIDLAND OBJECTION 08/10/10 MR 1.00 EMAILS WITH MOELIS AND K&E REGARDING INNKEEPERS; REVIEW REVISIONS TO OMNIBUS RESPONSE 08/11/10 MR 1.20 TELEPHONE CONFERENCE AND EMAILS WITH A. GOLDBERG; EMAILS WITH MOE LIS AND K&E REGARDING INNKEEPERS; REVIEW SECOND SUPPLEMENTAL DERROUGH DECLARATION 08/11/10 AJG .80 CALL WITH M. RIELA REGARDING RETENTION HEARING; CORRESPONDENCE REGARDING SAME 08/12/10 AJG 3.60 PREPARE FOR AND ATTEND HEARING REGARDING RETENTION; CORRESPONDENCE REGARDING SAME 08/16/10 MR .60 TELEPHONE CONFERENCE AND EMAILS WITH A. PIECZONKA REGARDING INNKEEPERS FEE APPLICATION PROCEDURES 08/23/10 MR 1.00 TELEPHONE CONFERENCE WITH MOELIS REGARDING INNKEEPERS MONTHLY AND INTERIM FEE PROCEDURES; PREPARE TEMPLATE OF PLEADING TO ACCOMPANY FILED MONTHLY FEE STATEMENTS BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100113798 3 LA\2138867.1 LATHAM&WATKI N $LLP INVOICE July 31, 2010 MOELIS & COMPANY c/o GELLER & COMPANY, ATTN: EBG 909 THIRD A VENUE NEW YORK, NY I 0022 For professional services rendered through July 31, 2010 re: INNKEEPERS USA TRUST Attorney Time: 8.90 hrs@ individual rates Total Current Charges: Total Amount Due: 355 South Grand Avenue Los Angeles, California 90071-1 560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com Tax identification No: 95-2018373 REMITTANCE INSTRUCTIONS WIRE TRANSFERS: Bank: Citibank, Delaware One Penn's Way New Castle, DE 19720 ABA: 0311-00209 SWIFT: CITIUS33 CHECKS: Latham & Watkins LLP P.O. Box 894256 Los Angeles, CA 90189-4256 Account Name: Latham & Watkins LLP Account Number: 3911-7003 Please ldenUfy your check or wire transfer wnh the following numbers: Invoice No. 100112208 File No. 045520-0050 $7,832.00 $7,832.00 $7.832.00 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 LA\2127863.1 Attorney Hours: M RIELA (ASSOCIATE) 8.90 hrs@ $880.00 /hr. $7.832.00 Paralegal Hours: Total Services X.9 hr.; $7,832.00 Other charges: Total other charges Total current charges: $7.832.00 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 2 LA\2127863.1 TIME DETAIL Attorney/ Date Paralegal Hours Description 07110/10 MR 1.00 REVIEW K&E COMMENTS TO RETENTION DOCUMENTS AND REVISE SAME 07/12/IO MR .30 REVISE INNKEEPERS TRUST USA RETENTION DOCUMENTS AND EMAIL EXCHANGES WITH MOELIS REGARDING SAME 07/14/10 MR 1.10 REVIEW INNKEEPERS DECLARATION DISCLOSURES; EMAIL EXCHANGES WITH MOELIS REGARDING SAME; EMAIL EXCHANGES WITH K&E 07/15/IO MR .90 EMAILS REGARDING INNKEEPERS RETENTION DOCUMENTS; TELEPHONE CONFERENCE WITH 0. WATANABE REGARDING SAME; REVISE SAME 07/I6/IO MR .40 TELEPHONE CONFERENCE WITH K&E REGARDING AST COMMENTS TO MOELIS RETENTION APPLICATION; EMAIL EXCHANGES WITH K&E REGARDING SAME 07122110 MR .80 REVIEW UST COMMENTS TO INNKEEPERS USA RETENTION APPLICATION AND DETAILED EMAIL TO MOELIS REGARDING SAME; FOLLOW-UP EMAILS WITH MOELIS 07/23/IO MR .80 TELEPHONE CONFERENCE WITH MOELIS REGARDING UST COMMENTS TO INNKEEPERS RETENTION APPLICATION; REVISE PROPOSED ORDER 07127110 MR 1.90 TELEPHONE CONFERENCE WITH US TRUSTEE REGARDING INNKEEPERS RETENTION; DRAFf SUPPLEMENTAL RETENTION DECLARATION AND REVISE PROPOSED RETENTION ORDER; EMAILS WITH MOELIS REGARDING SAME 07/29/10 MR .90 E-MAIL WITH S. GOLDEN (UST) REGARDING INNKEEPERS RETENTION DOCUMENTS, REVISE SUPPLEMENTAL DECLARATION AND PROPOSED RETENTION ORDER 07130110 MR .80 E-MAILS WITH MOELIS REGARDING UST COMMENTS TO SUPPLEMENTAL DECLARATION AND ORDER; REVISE SUPPLEMENTAL DECLARATION BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 3 LA\2127863.1 LATHAM&WATKI NSLLP INVOICE September 30,2010 MOELIS & COMPANY c/o GELLER & COMPANY, ATTN: EBG 909 THIRD A VENUE NEW YORK, NY I 0022 For professional services rendered through September 30, 2010 re: INNKEEPERS USA TRUST Attorney Time: 1.80 hrs @ individual rates Other Charges: Total Current Charges: Total Amount Due: 355 South Grand Avenue Los Angeles. California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com Tax identification No: 95-2018373 REMITTANCE INSTRUCTIONS WIRE TRANSFERS Bank: Citibank, Delaware One Penn's Way New Castle, DE 19720 ABA: 0311-00209 SWIFT: CITIUS33 CHECKS: Latham & Watkins LLP P.O. Box 894256 Los Angeles, CA 90189-4256 Account Name: Latham & Watkins LLP Account Number: 3911-7003 Please identify your check or wire transfer with the following numbers: Invoice No. 100115549 File No. 045520-0050 $1,584.00 $1,585.02 $1.585.02 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 LA\2154415.1 Attorney Hours: M RIELA (ASSOCIATE) 1.80 hrs@ $880.00 /hr. $1,584.00 Paralegal Hours: Total Services I.X I n ~ $1.584.00 Other charges: TELEPHONE Total other charges Total current charges $1.585.02 BALANCE DUE $1.585.02 BAlANCE DUE AND PAYABLE TO REMITIANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 2 LA\2154415.1 TIME DETAIL Date 09/16/10 09/22/10 09/24/10 09/29/10 Attorney/ Paralegal MR MR MR MR Hours .20 .40 .30 .90 Description TELEPHONE CONFERENCE WITH A. PIECZONKA REGARDING INNKEEPERS MONTHLY FEE STATEMENT EMAIL EXCHANGES WITH MOELIS REGARDING INNKEEPERS MONTHLY INVOICING REVIEW INNKEEPERS MONTHLY INVOICE AND HOURS/EXPENSE REPORTS PREPARE TEMPLATE FOR INNKEEPERS MONTHLY FEE STATEMENT; EMAILS WITH MOELIS REGARDING TIME DETAIL; EMAILS WITH K&E REGARDING FILING AND SERVICE BALANCE DUE AND PAYABLE TO REMITIANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 3 LA\2154415.1 LATHAM&WATKI NSLLP INVOICE November 30,2010 MOELIS & COMPANY c/o GELLER & COMPANY, ATTN: EBG 909 THIRD A VENUE NEW YORK, NY 10022 For professional services rendered through November 30,2010 re: INNKEEPERS USA TRUST Attorney Time: .40 hrs @ individual rates Total Current Charges: Total Amount Due: LA\2201232.1 355 South Grand Avenue Los Angeles, California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com Tax identification No: 95-2018373 REMITIANCE INSTRUCTIONS WIRE TRANSFERS Bank: Citibank, Delaware One Penn's Way New Castle, DE 19720 ABA: 0311-00209 SWIFT: CITIUS33 ~ Latham & Watkins LLP P.O. Box 894256 Los Angeles, CA 90189-4256 Account Name: Latham & Watkins LLP Account Number: 3911-7003 Please identify your check or wire transfer with the following numbers: Invoice No. 100118808 File No. 045520-0050 $352.00 $352.00 $352.00 Attorney Hours: M RIELA (ASSOCIATE) .40 hrs@ $880.00 /hr. $ 352.00 Other charges: Total other charges Total current charges $352.00 TIME DETAIL LATHAM&WATKI NSLLP Date 11/19110 11129110 Attorney/ Paralegal MR MR Hours .20 .20 Description 355 South Grand Avenue Los Angeles, California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com EMAIL TO K&E REGARDING TIMING OF FIRST INTERIM FEE APPLICATION TELEPHONE CONFERENCE WITH MOELIS REGARDING INNKEEPERS MONTHLY FEE STATEMENT FOR NOVEMBER EXHIBITD NY\1713656.1 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, eta/. 1 Debtors. ) ) Chapter 11 ) ) Case No. 10-13800 (SCC) ) ) Jointly Administered ------------------------------------ ) ORDER GRANTING FIRST INTERIM APPLICATION OF MOELIS & COMPANY LLC FOR COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF ACTUAL AND NECESSARY EXPENSES INCURRED AS FINANCIAL ADVISOR AND INVESTMENT BANKER TO THE DEBTORS AND THE DEBTORS-IN-POSSESSION FOR THE PERIOD FROM JULY 19, 2010 THROUGH NOVEMBER 30, 2010 Moelis & Company LLC ("Moelis"), having filed its Interim Application for Compensation for Professional Services Rendered and Reimbursement of Actual and Necessary Expenses Incurred as Financial Advisor and Investment Banker to the Debtors and the Debtors- in-Possession in the above captioned cases, for the period from July 19,2010 through November 30, 2010 (the "Interim Application"); and the Court having reviewed the Interim Application; and the Court having been satisfied that sufficient notice of the Interim Application has been provided and that no other or further notice is required; and the Court having afforded all persons with standing an opportunity to be heard on the Interim Application at a hearing held to consider approval of the Interim Application; NOW THEREFORE, IT IS HEREBY ORDERED THAT: 1 The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtor's federal tax identification number can be found by visiting the Debtors' restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors' corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480. NY\1713656.1 1. The Application is GRANTED; 2. Moelis is awarded the sum of$709,489.83 and reimbursement of actual and necessary expenses of$50,435.94, for a total award hereunder of$759,925.77; 3. The Debtors are authorized and directed to pay Moelis' allowed compensation and expenses, less any amounts previously paid in connection with the compensation or expenses requested in the Interim Application. Dated: , 2011 New York, New York United States Bankruptcy Judge 2 NY\1713656.1