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SEC Filings

8-K
COSI INC filed this Form 8-K on 12/28/2016
Entire Document
 

DRAFT SCHEDULE
Subject to review and without prejudice to rights under Operating Agreement and Cosi APA
 
SCHEDULE 3
 
DIP EXPENSES
REQUIRED ALLOCATION OF FUNDS AS OF THE EFFECTIVE DATE TO BE FUNDED BY (I) DRAWING UNDER THE DIP FACILITY AND (II) USE OF FUNDS IN OWNER’S OPERATING ACCOUNT AS OF THE EFFECTIVE DATE
 
Expense
 
Cost
 
Description
 
Hold until Closing/Plan Effective Date
or Fund When Due
             
Store Labor and taxes
 
374,465
 
Final week’s payroll
 
Fund when due in December
             
G&A Labor and Taxes
 
49,746
 
Final week’s payroll
 
Fund when due in December
             
Health Insurance
 
220,000
 
Run out fund
 
Hold until Closing/Plan Effective Date
             
Accrued PTO
 
230,000
 
Accrued
 
Hold until Closing/Plan Effective Date
             
401K
 
2,700
 
Final week’s payroll
 
Fund when due in December
             
Aetna Admin Fee
 
 27,000
 
December Fee
 
Fund when due in December
             
Sales Tax
 
561,140
 
November and 19 days of December
 
Fund when due for November and December sales taxes
             
*may be partially disbursed prior to Effective Date; to be reconciled after Effective Date.
     
             
Insurance*
 
553,750
 
D&O extension and tail EPLI extension only
 
Fund when due in December
             
*may be partially disbursed prior to Effective Date; to be reconciled after Effective Date. 
       
             
KERP
 
103,200
 
Final Payment
 
Fund when due in December
             
CRO Legal Fees
 
40,000
 
Incurred, not yet billed
 
Pay when approved by Court
             
US Trustee Fees
 
21,300
 
Expected Q4 Fee
 
Fund when due in January
             
PACA/Deposits
 
225,000
 
Various/Gordon
 
Fund when Court approves
             
Committee Legal/Consulting
 
430,697
 
Estimate through 12/19
 
Pay per engagement order
             
Debtors’ Legal Fees (Mirick)
 
507,594
 
Estimate through 12/19
 
Pay per engagement order
             
Debtors’ Legal Fees (DLA)
 
17,500
 
Estimate through 12/19
 
Pay per engagement order
             
The O’Connor Group, Inc.
 
52,000
 
Estimate through 12/19
 
Fund when due in December
             
*may be partially disbursed prior to Effective Date; to be reconciled after Effective Date. 
       
             
Employee Expense Reimbursements
 
8,000
 
Estimate through 12/19
 
Fund when due in December
             
Other Restructuring
 
7,500
 
Temporary staffing
 
Fund when due in December
             
TOTAL  
$3,431,592
       

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