Advanced Sports Enterprises, Inc., Advanced Sports, Inc., Performance Direct, Inc.,

Case 18-80856 Doc 551 Filed 02/20/19 Page 1 of 11 UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF NORTH CAROLINA DURHAM DIVISION In Re: Advanced Sports Enterprises, Inc., et al., 1 Debtors. Chapter 11 Case No.: 18-80856 (Jointly Administered) FIRST REPORT OF D. A. DAVIDSON & CO. AS INVESTMENT BANKER FOR DEBTORS AND ACCOUNTING FOR FEES AND EXPENSES Advanced Sports Enterprises, Inc., Advanced Sports, Inc., Performance Direct, Inc., Bitech, Inc. and Nashbar Direct, Inc. (collectively, the Debtors ), on behalf of D.A. Davidson & Co. ( D.A. Davidson ), as investment banker for the above-captioned debtors and debtors in possession (collectively, the Debtors ), hereby submit D.A. Davidson s First Report as Investment Banker for Debtors (the First Report ) providing an accounting of its fees and expenses incurred in connection therewith as of February 5, 2019, as follows: BACKGROUND 1. This Court has jurisdiction over this Final Report pursuant to 28 U.S.C. 157 and 1334 and Rule 5005 of the Rules of Bankruptcy Procedure. The statutory predicates for the review of fees and expenses are sections 328(a) and 330 of title 11 of the United States Code (the Bankruptcy Code ). 1 The Debtors in this case, along with each Debtor s case number, are: (i) Advanced Sports Enterprises, Inc., Case No. 18-80856; (ii) Advanced Sports, Inc., Case No. 18-80857; (iii) Performance Direct, Inc., Case No. 18-80860; (iv) Bitech, Inc., Case No. 18-80858; and (v) Nashbar Direct, Inc., Case No. 18-80859.

Case 18-80856 Doc 551 Filed 02/20/19 Page 2 of 11 2. On November 16, 2018 (the Petition Date ), each of the Debtors filed a voluntary petition with the Court under chapter 11 of the Bankruptcy Code. 3. The Debtors sought to engage D.A. Davidson to act as their investment banker with respect to the marketing and sale of the Debtors assets (the Assets ) pursuant to an engagement agreement (as amended, the Engagement Agreement ), as set forth in the Debtors motions filed November 16, 2018 (Doc. 34) and December 17, 2018 (Doc. 254). 4. Pursuant to this Court s Order dated December 24, 2018, the Court authorized the Debtors employment of D.A. Davidson as investment banker for the Debtors (Doc. 288, the D.A. Davidson Retention Order ). Services Provided By D.A. Davidson 5. Upon its engagement by the Debtors, D.A. Davidson worked with the Debtors management and professionals to identify and assemble relevant data concerning the Assets, and to market the Assets to potential buyers. D.A. Davidson s duties are generally described as follows: a. To assist the Debtors in the marketing and sale of the business and assets by identifying, communicating and negotiating with, and evaluating any offers submitted by potential buyers. b. To advise and assist the Debtors in preparing appropriate documentation for pursuing a Transaction and provide analysis and advice in responding to and negotiating the form, structure, terms and price of any proposed Transaction. c. To assist with all aspects of the Auction consistent with the court approved Bid Procedures, including but not limited to evaluating bids and the desirability of designating one or more bids as stalking-horse bids. 2

Case 18-80856 Doc 551 Filed 02/20/19 Page 3 of 11 d. To perform related services as may be necessary to maximize the proceeds arising out of any sale of the business and/or assets as requested by the Debtors. The Sale of the Debtors Assets 6. On February 6, 2019, the Court entered an order (Doc. 505) approving the sale of certain assets of the Debtors to BikeCo, LLC ( BikeCo ), Amain.com, Inc. ( AMain ) and K&B Investment Corporation ( K&B ) for aggregate consideration of $23,018,000. 7. In addition, Gordon Brothers Retail Partners, LLC ( Gordon Brothers ) has conducted store closings sales which resulted in net proceeds as of February 5, 2019 of $32,317,687, for total aggregate consideration as of such date of $55,335,687. 8. The Debtors anticipate additional receipts as the store closing sales are concluded, the proposed sale of the Roubaix trademark is approved by the Court and closes, and other miscellaneous assets are liquidated. Once all such assets have been liquidated, D.A. Davidson will file a Final Report. Amounts Paid to D.A. Davidson 9. Engagement Fee. Pursuant to the Engagement Agreement, as amended, D.A. Davidson was paid an engagement fee of $100,000.00 (the Engagement Fee ). 10. Success Fee. In addition to the Engagement Fee, D.A. Davidson is entitled to a success fee (the Success Fee ) equal to the sum of (a) a flat fee of $600,000.00 and (b) 1.6% of the aggregate consideration above $30 million. Based upon the aggregate consideration as of February 5, 2019, D.A. Davidson has been paid a Success Fee in the amount of $1,005,371.00. 2 2 The Engagement Agreement also provides for a discretionary Tip Payment, which has not been offered by the Debtors. 3

Case 18-80856 Doc 551 Filed 02/20/19 Page 4 of 11 11. Out-of-Pocket Expenses. Under the Engagement Agreement, D.A. Davidson shall be reimbursed for its reasonable, customary and documented expenses up to a maximum amount of $35,000.00, plus such other expenses as may be authorized by the Debtors. In connection with the engagement, D.A. Davidson incurred reasonable out-of-pocket expenses of $34,994.52 which were paid prior to bankruptcy, plus $30,340.41 of additional expenses which were authorized and paid by the Debtors. The additional expenses are set forth more fully in the attached expense detail annexed hereto as Exhibit A. RELIEF REQUESTED 12. By this First Report, D.A. Davidson seeks approval of the Engagement Fee ($100,000.00), the Success Fee ($1,005,371.00) and out-of-pocket expenses ($65,334.93) paid by the Debtors, without prejudice to the right to payment of additional Success Fee and reimbursement of actual expenses incurred, based on additional consideration received after February 5, 2019. 13. The fees and costs that are the subject of this First Report constitute a legitimate administrative expense in these proceedings. 14. No agreement exists to share the compensation sought with any other individual or entity. WHEREFORE, the Debtors on behalf of D.A. Davidson hereby respectfully request approval of compensation for professional services rendered to the Debtors through February 5, 2019 in the amount of $1,105,371.00 (consisting of the Engagement Fee and the Success Fee) and reimbursement of actual and necessary expenses incurred in the sum of $65,334.93. 4

Case 18-80856 Doc 551 Filed 02/20/19 Page 5 of 11 February 20, 2019 NORTHEN BLUE LLP /s/ John A. Northen John A. Northen North Carolina State Bar No. 6789 jan@nbfirm.com Vicki L. Parrott North Carolina State Bar No. 25449 vlp@nbfirm.com John Paul H. Cournoyer North Carolina State Bar No. 42224 jpc@nbfirm.com 1414 Raleigh Road, Suite 435 Chapel Hill, North Carolina 27517 Telephone: (919) 968-4441 and FLASTER/GREENBERG P.C. William J. Burnett (PA Bar No. 75975) (admitted pro hac vice) william.burnett@flastergreenberg.com Harry J. Giacometti (PA Bar No. 55861) (admitted pro hac vice) Damien Nicholas Tancredi (PA Bar No. 308317) (admitted pro hac vice) 1835 Market Street, Suite 1050 Philadelphia, PA 19103 (215) 279-9383 Telephone (215) 279-9394 Facsimile COUNSEL FOR THE DEBTORS-IN-POSSESSION 5

Case 18-80856 Doc 551 Filed 02/20/19 Page 6 of 11 EXHIBIT A (Expense Reports)

ASE Expense Detail Case 18-80856 Doc 551 Filed 02/20/19 Page 7 of 11 Expense Type Employee Vendor City/Location Transaction Date Purpose Approved Amount Transportation/Train/Taxi Cather, Jeffrey Lyft Seattle 11/19/18 Late home taxi - ASE 8.38 Transportation/Train/Taxi Cather, Jeffrey Lyft Seattle 11/20/18 Late home taxi - ASE 8.24 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 11/26/18 Airport parking - ASE 140.00 Transportation/Train/Taxi Cather, Jeffrey Lyft Seattle 11/27/18 Late home taxi - ASE 8.43 Transportation/Train/Taxi Smith, Michael Uber Greensboro 11/27/18 Travel taxi - ASE 18.68 Transportation/Train/Taxi Smith, Michael GetACab Philadelphia 11/27/18 Travel taxi - ASE 9.20 Transportation/Train/Taxi Smith, Michael Uber Bensalem 11/29/18 Travel taxi - ASE 11.78 Transportation/Train/Taxi Smith, Michael Uber Greensboro 11/30/18 Travel taxi - ASE 26.88 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/2/18 Travel taxi - ASE 23.72 Transportation/Train/Taxi Sadler, Jevan Uber Salt Lake City 12/2/18 Travel taxi - ASE 26.64 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 12/2/18 Airport parking - ASE 120.00 Personal Car Mileage Smith, Michael N/A N/A 12/2/18 Personal car use - ASE 11.20 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 12/2/18 In-flight WiFi (working on flight) - ASE 20.00 Airfare Sadler, Jevan Delta Air Lines Salt Lake City 12/2/18 Work flight - ASE 623.20 Airfare Smith, Michael American Airlines Seattle 12/2/18 Work flight - ASE 428.20 Hotel Sadler, Jevan Warwick International Hotels Philadelphia 12/2/18 Work hotel - ASE 145.66 Hotel Smith, Michael Hampton Inn & Suites Philadelphia 12/2/18 Work hotel - ASE 166.32 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/3/18 Travel taxi - ASE 39.04 Transportation/Train/Taxi Cather, Jeffrey Lyft Seattle 12/3/18 Late home taxi - ASE 8.06 Transportation/Train/Taxi Smith, Michael GetACab Philadelphia 12/3/18 Travel taxi - ASE 88.95 Hotel Sadler, Jevan Hampton Inn & Suites Bethlehem 12/3/18 Work hotel - ASE 164.28 Hotel Smith, Michael Hampton Inn & Suites Philadelphia 12/3/18 Work hotel - ASE 166.32 Travel Expenses - Other Cather, Jeffrey Gogo Seattle 12/4/18 In-flight WiFi (working on flight) - ASE 17.95 Hotel Sadler, Jevan Hampton Inn & Suites Bethlehem 12/4/18 Work hotel - ASE 204.24 Hotel Smith, Michael Hampton Inn & Suites Philadelphia 12/4/18 Work hotel - ASE 166.32 Transportation/Train/Taxi Smith, Michael Uber Chapel Hill 12/5/18 Travel taxi - ASE 12.78 Transportation/Train/Taxi Swanson, Kirk Uber Seattle 12/5/18 Late home taxi - ASE 16.83 Airfare Sadler, Jevan American Airlines Raleigh 12/5/18 Work flight - ASE 400.20 Airfare Smith, Michael American Airlines Philadelphia 12/5/18 Work flight - ASE 400.20 Transportation/Train/Taxi Sadler, Jevan Uber Morrisville 12/6/18 Travel taxi - ASE 24.08 Transportation/Train/Taxi Sadler, Jevan Uber Salt Lake City 12/6/18 Travel taxi - ASE 28.99 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 12/6/18 In-flight WiFi (working on flight) - ASE 34.00 Airfare Sadler, Jevan Delta Air Lines Raleigh 12/6/18 Work flight - ASE 655.20 Airfare Smith, Michael Alaska Airlines Seattle 12/6/18 Work flight - ASE 564.20 Hotel Smith, Michael Hampton Inn & Suites Carrboro 12/7/19 Work hotel - ASE 281.48 Transportation/Train/Taxi Swanson, Kirk Uber Seattle 12/12/18 Late home taxi - ASE 12.60 Transportation/Train/Taxi Swanson, Kirk Uber Seattle 12/13/18 Late home taxi - ASE 13.56 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/17/18 Travel taxi - ASE 79.26

ASE Expense Detail Case 18-80856 Doc 551 Filed 02/20/19 Page 8 of 11 Expense Type Employee Vendor City/Location Transaction Date Purpose Approved Amount Transportation/Train/Taxi Sadler, Jevan Uber Salt Lake City 12/17/18 Travel taxi - ASE 16.01 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 12/17/18 In-flight WiFi (working on flight) - ASE 34.00 Hotel Sadler, Jevan Hampton Inn & Suites Bethlehem 12/17/18 Work hotel - ASE 147.63 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/18/18 Travel taxi - ASE 12.25 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 12/18/18 Airport parking - ASE 30.00 Airfare Smith, Michael Delta Air Lines Salt Lake City 12/18/18 Work flight - ASE 248.20 Hotel Sadler, Jevan Hampton Inn & Suites Bethlehem 12/18/18 Work hotel - ASE 147.63 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/19/18 Travel taxi - ASE 20.02 Transportation/Train/Taxi Sadler, Jevan Uber Philadelphia 12/19/18 Travel taxi - ASE 56.45 Transportation/Train/Taxi Smith, Michael Uber Los Angeles 12/19/18 Travel taxi - ASE 15.65 Transportation/Train/Taxi Smith, Michael Uber Los Angeles 12/19/18 Travel taxi - ASE 15.20 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 12/19/18 In-flight WiFi (working on flight) - ASE 34.00 Airfare Smith, Michael Delta Air Lines Seattle 12/19/18 Work flight - ASE 311.20 Transportation/Train/Taxi Swanson, Kirk Uber Seattle 1/7/19 Late home taxi - ASE 12.28 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 1/8/19 Airport parking - ASE 90.00 Transportation/Train/Taxi Smith, Michael Uber Philadelphia 1/8/19 Travel taxi - ASE 34.97 Transportation/Train/Taxi Smith, Michael Yellow Cab Philadelphia 1/8/19 Travel taxi - ASE 34.05 Personal Car Mileage Smith, Michael N/A N/A 1/8/19 Personal car use - ASE 11.20 Airfare Smith, Michael Alaska Airlines Seattle 1/8/19 Work flight - ASE 428.30 Hotel Smith, Michael Sofitel Philadelphia 1/8/19 Work hotel - ASE 231.56 Hotel Smith, Michael Sofitel Philadelphia 1/9/19 Work hotel - ASE 231.56 Transportation/Train/Taxi Smith, Michael Sofitel Philadelphia 1/10/19 Hotel parking - ASE 100.46 Transportation/Train/Taxi Smith, Michael Uber Philadelphia 1/10/19 Travel taxi - ASE 47.40 Airfare Smith, Michael Alaska Airlines Philadelphia 1/10/19 Work flight - ASE 428.30 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 1/12/19 Airport parking - ASE 140.00 Personal Car Mileage Smith, Michael N/A N/A 1/12/19 Personal car use - ASE 11.20 Airfare Smith, Michael Alaska Airlines Seattle 1/12/19 Work flight - ASE 258.30 Transportation/Train/Taxi Smith, Michael Uber Philadelphia 1/13/19 Travel taxi - ASE 292.81 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/14/19 Travel taxi - ASE 51.98 Transportation/Train/Taxi Swanson, Kirk Uber Seattle 1/14/19 Late home taxi - ASE 13.00 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 1/14/19 In-flight WiFi (working on flight) - ASE 34.00 Airfare Sadler, Jevan Delta Air Lines Salt Lake City 1/14/19 Work flight - ASE 489.30 Hotel Sadler, Jevan Aloft Raleigh 1/14/19 Work hotel - ASE 288.29 Transportation/Train/Taxi Smith, Michael Uber Philadelphia 1/15/19 Travel taxi - ASE 20.78 Airfare Smith, Michael American Airlines Durham 1/15/19 Work flight - ASE 887.69 Hotel Sadler, Jevan Aloft Raleigh 1/15/19 Work hotel - ASE 221.33 Hotel Smith, Michael Aloft Durham 1/15/19 Work hotel - ASE 254.81 Hotel Sadler, Jevan Aloft Raleigh 1/16/19 Work hotel - ASE 221.33

ASE Expense Detail Case 18-80856 Doc 551 Filed 02/20/19 Page 9 of 11 Expense Type Employee Vendor City/Location Transaction Date Purpose Approved Amount Hotel Smith, Michael Aloft Durham 1/16/19 Work hotel - ASE 254.81 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/17/19 Travel taxi - ASE 51.76 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/17/19 Travel taxi - ASE 39.85 Transportation/Train/Taxi Smith, Michael Uber Durham 1/17/19 Travel taxi - ASE 23.00 Transportation/Train/Taxi Smith, Michael Uber Salt Lake City 1/17/19 Travel taxi - ASE 33.98 Travel Expenses - Other Sadler, Jevan Gogo Salt Lake City 1/17/19 In-flight WiFi (working on flight) - ASE 27.95 Airfare Sadler, Jevan Delta Air Lines Salt Lake City 1/17/19 Work flight - ASE 659.00 Airfare Smith, Michael Delta Air Lines Durham 1/17/19 Work flight - ASE 659.00 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/21/19 Travel taxi - ASE 26.25 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/21/19 Travel taxi - ASE 77.92 Transportation/Train/Taxi Sadler, Jevan Uber Raleigh 1/21/19 Travel taxi - ASE 7.94 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 1/21/19 Airport parking - ASE 140.00 Personal Car Mileage Smith, Michael N/A N/A 1/21/19 Personal car use - ASE 11.20 Travel Expenses - Other Sadler, Jevan Gogo Raleigh 1/21/19 In-flight WiFi (working on flight) - ASE 34.00 Airfare Sadler, Jevan Delta Air Lines Salt Lake City 1/21/19 Work flight - ASE 1,913.60 Airfare Smith, Michael Alaska Airlines Seattle 1/21/19 Work flight - ASE 564.30 Hotel Sadler, Jevan The Biltmore Greensboro Greensboro 1/21/19 Work hotel - ASE 145.45 Hotel Smith, Michael The Biltmore Greensboro Greensboro 1/21/19 Work hotel - ASE 162.36 Hotel Sadler, Jevan The Biltmore Greensboro Greensboro 1/22/19 Work hotel - ASE 145.45 Hotel Smith, Michael Hilton Hotels Raleigh 1/22/19 Work hotel - ASE 216.42 Transportation/Train/Taxi Sadler, Jevan Uber Greensboro 1/23/19 Travel taxi - ASE 88.20 Transportation/Train/Taxi Sadler, Jevan Uber Salt Lake City 1/23/19 Travel taxi - ASE 21.33 Travel Expenses - Other Sadler, Jevan Gogo Greensboro 1/23/19 In-flight WiFi (working on flight) - ASE 34.00 Airfare Smith, Michael Delta Air Lines Las Vegas 1/23/19 Work flight - ASE 719.00 Airfare Smith, Michael United Airlines Denver 1/31/19 Work flight - ASE 216.30 Hotel Smith, Michael Marriott Hotels Greensboro 1/31/19 Work hotel - ASE 197.31 Transportation/Train/Taxi Smith, Michael Marriott Hotels Greensboro 2/1/19 Hotel parking - ASE 11.00 Transportation/Train/Taxi Smith, Michael Port of Seattle Seattle 2/1/19 Airport parking - ASE 90.00 Personal Car Mileage Smith, Michael N/A N/A 2/1/19 Personal car use - ASE 11.20 Airfare Smith, Michael Delta Air Lines Seattle 2/1/19 Work flight - ASE 429.00 Car Rental Smith, Michael Hertz Raleigh 2/1/19 Work Car Rental - ASE 111.15 Subtotal $18,220.94 Meals Sadler, Jevan Bluestone Lane Coffee Philadelphia 12/3/18 Travel Meal - ASE 26.14 Meals Smith, Michael Tako Bensalem 12/3/18 Travel Meal (two people) - ASE 90.68 Meals Sadler, Jevan Chick Fil A Philadelphia 12/5/18 Travel Meal - ASE 11.51 Meals Smith, Michael Chick Fil A Philadelphia 12/5/18 Travel Meal - ASE 9.85 Meals Swanson, Kirk AmazonGo Seattle 12/5/18 Late work dinner - ASE 21.41

ASE Expense Detail Case 18-80856 Doc 551 Filed 02/20/19 Page 10 of 11 Expense Type Employee Vendor City/Location Transaction Date Purpose Approved Amount Meals Sadler, Jevan Cafe Rio Salt Lake City 12/6/18 Travel Meal - ASE 13.55 Meals Sadler, Jevan Harmons Salt Lake City 12/7/18 Late work dinner - ASE 23.45 Meals Sadler, Jevan Harmons Salt Lake City 12/10/18 Late work dinner - ASE 23.24 Meals Sadler, Jevan Costa Vida Salt Lake City 12/11/18 Late work dinner - ASE 18.95 Meals Sadler, Jevan Costa Vida Salt Lake City 12/13/18 Late work dinner - ASE 21.52 Meals Sadler, Jevan Cafe Rio Salt Lake City 12/14/18 Travel Meal - ASE 22.57 Meals Sadler, Jevan Harmons Salt Lake City 12/16/18 Late work dinner - ASE 23.66 Meals Sadler, Jevan Cafe Rio Salt Lake City 12/17/18 Travel Meal - ASE 10.84 Meals Sadler, Jevan Alarz Restaurant Bethlehem 12/17/18 Travel Meal - ASE 39.89 Meals Sadler, Jevan Kensington Quarters Philadelphia 12/18/18 Meal with client - ASE 126.44 Meals Sadler, Jevan Harmons Salt Lake City 12/19/18 Late work dinner - ASE 23.34 Meals Sadler, Jevan Paradies Philadelphia 12/19/18 Advanced Sports Enterprises -travel meal 2.49 Meals Sadler, Jevan Cafe Rio Salt Lake City 12/19/18 Advanced Sports Enterprises -travel meal 13.55 Meals Smith, Michael Shake Shack Los Angeles 12/19/18 Travel Meal - ASE 3.67 Meals Sadler, Jevan Taqueria 27 Salt Lake City 12/26/18 Late work dinner - ASE 24.98 Meals Sadler, Jevan David's Kitchen Salt Lake City 12/27/18 Late work dinner - ASE 25.00 Meals Sadler, Jevan Bruges Waffles and Frites Salt Lake City 12/28/18 Late work dinner - ASE 22.41 Meals Sadler, Jevan Harmons Salt Lake City 1/2/19 Late work dinner - ASE 23.53 Meals Sadler, Jevan Costa Vida Salt Lake City 1/3/19 Late work dinner - ASE 22.23 Meals Cather, Jeffrey Chipotle Seattle 1/3/19 Late work dinner - ASE 41.36 Meals Sadler, Jevan Taco Taco Salt Lake City 1/4/19 Late work dinner - ASE 24.81 Meals Swanson, Kirk AmazonGo Seattle 1/4/19 Late work dinner - ASE 25.00 Meals Cather, Jeffrey Tap House Grill Seattle 1/7/19 Late work dinner - ASE 22.81 Meals Smith, Michael Qdoba Seattle 1/7/19 Late work dinner - ASE 12.17 Meals Smith, Michael Sofitel Philadelphia 1/8/19 Travel Meal - ASE 18.25 Meals Smith, Michael Alaska Air Seattle 1/8/19 Travel Meal - ASE 8.50 Meals Swanson, Kirk AmazonGo Seattle 1/8/19 Late work dinner - ASE 24.04 Meals Smith, Michael Mcdonalds Philadelphia 1/9/19 Travel Meal - ASE 3.89 Meals Smith, Michael Sofitel Philadelphia 1/9/19 Travel Meal - ASE 20.27 Meals Smith, Michael Mcdonalds Philadelphia 1/10/19 Travel Meal - ASE 3.89 Meals Sadler, Jevan French Meadow Salt Lake City 1/14/19 Travel Meal - ASE 16.92 Meals Sadler, Jevan Moe's Raleigh 1/14/19 Travel Meal - ASE 14.56 Meals Sadler, Jevan Aloft Raleigh 1/14/19 Travel Meal - ASE 9.00 Meals Swanson, Kirk Jimmy Johns Seattle 1/14/19 Late work dinner - ASE 20.50 Meals Sadler, Jevan Aloft Raleigh 1/15/19 Travel Meal - ASE 7.53 Meals Sadler, Jevan Neomonde Mediterranean Raleigh 1/15/19 Travel Meal - ASE 13.73 Meals Smith, Michael Selective Vending Philadelphia 1/15/19 Travel Meal - ASE 14.75 Meals Sadler, Jevan Aloft Raleigh 1/16/19 Travel Meal - ASE 9.00

ASE Expense Detail Case 18-80856 Doc 551 Filed 02/20/19 Page 11 of 11 Expense Type Employee Vendor City/Location Transaction Date Purpose Approved Amount Meals Smith, Michael Aloft Durham 1/16/19 Travel Meal - ASE 2.69 Meals Sadler, Jevan Jason's Deli Raleigh 1/17/19 Travel Meal - ASE 6.81 Meals Sadler, Jevan Cafe Rio Salt Lake City 1/17/19 Travel Meal - ASE 13.55 Meals Sadler, Jevan Volante Raleigh 1/17/19 Travel Meal - ASE 34.09 Meals Smith, Michael Hudson Raleigh 1/17/19 Travel Meal - ASE 11.04 Meals Sadler, Jevan Laan Na Thai Salt Lake City 1/18/19 Late work dinner - ASE 23.70 Meals Sadler, Jevan Cafe Rio Salt Lake City 1/21/19 Travel Meal - ASE 11.27 Meals Smith, Michael Gordon Biersch Raleigh 1/21/19 Travel Meal - ASE 19.54 Meals Smith, Michael Mcdonalds Seattle 1/21/19 Travel Meal - ASE 2.74 Meals Sadler, Jevan 1618 downtown Greensboro 1/22/19 Travel Meal - ASE 11.53 Meals Smith, Michael Hilton Hotels Raleigh 1/22/19 Travel Meal - ASE 25.65 Meals Sadler, Jevan Joe Van Gogh Greensboro 1/23/19 Travel Meal - ASE 4.97 Meals Sadler, Jevan Greek Souvlaki Salt Lake City 1/23/19 Travel Meal - ASE 11.92 Meals Sadler, Jevan Crafted Greensboro 1/23/19 Travel Meal - ASE 16.57 Meals Smith, Michael Chick Fi La Denver 1/31/19 Travel Meal - ASE 10.16 Meals Smith, Michael Natty Greenes Greensboro 2/1/19 Meal with client - ASE 54.50 Subtotal $1,216.61 Cell Phone/Blackberry Smith, Michael AT&T Seattle 12/10/18 Cellular phone use - ASE 125.64 Cell Phone/Blackberry Smith, Michael AT&T Seattle 1/10/19 Cellular phone use - ASE 118.71 Conference Calls Multiple AT&T Seattle Multiple Conference call usage (including auction call) - ASE 1,158.51 Subtotal $1,402.86 Data Room N/A N/A N/A N/A Data Room usage - ASE 8,500.00 Database N/A N/A N/A N/A Database usage - ASE 1,000.00 Subtotal $9,500.00 Total Expenses $30,340.41