[sheet: Invoice Summary]

[sheet: Invoice Summary]
Field | Value
Invoice Date | September 15, 2023
Invoice Number | INV-2023-10347-FINAL
From | Calderwood & Harkness LLP
From Address | 700 Louisiana Street, Suite 3400, Houston, TX 77002
Bill To | Brightfield Cloud Services Inc.
Attention | Daniel Oshiro, General Counsel
Bill To Address | 4200 Bluebonnet Parkway, Suite 1100, Austin, TX 78745
Client EIN | 84-3291057
Matter Number | 1042-00003
Billing Code | BCS-NEXILIS-LIC-2023
Matter Description | Inbound Technology License — DeltaSync Platform (Nexilis Innovations Ltd.)
Billing Period | June 8, 2023 – September 15, 2023
Responsible Partner | Catherine Bloom
Billing Partner | Alan Ngo
Status | Matter Closed — Terminated (September 15, 2023)
Total Professional Fees | $197,450.00
Total Disbursements | $42,500.00
Total Amount Due | $239,950.00
Payment Terms | Net 30 days
Governing Law | State of Delaware
[sheet: Timekeeper Summary]
Timekeeper | Title | Office | Hourly Rate | Total Hours | Total Fees
Catherine Bloom | Partner, IP (Responsible Partner) | Houston, TX | $1,150.00 | 38 | $43,700.00
Alan Ngo | Partner, IP (Billing Partner) | Palo Alto, CA | $1,100.00 | 22 | $24,200.00
Wendy Schultz | Senior Associate, IP (Lead Associate) | Houston, TX | $725.00 | 112 | $81,200.00
Omar Siddiqui | Associate, IP (Working Associate) | Houston, TX | $575.00 | 84 | $48,300.00
TOTAL | 256 | $197,400.00
[sheet: Time Detail]
Date | Timekeeper | Rate | Hours | Amount | Task Description
2023-06-08 | Catherine Bloom | $1,150.00 | 2.5 | $2,875.00 | Review and finalize engagement letter; initial strategy call with D. Oshiro re: inbound DeltaSync license from Nexilis Innovations Ltd.
2023-06-08 | Alan Ngo | $1,100.00 | 1 | $1,100.00 | Engagement opening; matter setup and conflicts review
2023-06-08 | Wendy Schultz | $725.00 | 3 | $2,175.00 | Preliminary review of Nexilis term sheet; research on DeltaSync distributed-cache orchestration technology
2023-06-12 | Wendy Schultz | $725.00 | 4.5 | $3,262.50 | Detailed analysis of Nexilis initial term sheet delivered via Whitmore & Falk LLP; identify key commercial terms and open issues
2023-06-12 | Omar Siddiqui | $575.00 | 3 | $1,725.00 | Research Delaware law on patent license field-of-use restrictions; background on DeltaSync patent portfolio (14 issued patents, 6 pending applications)
2023-06-19 | Wendy Schultz | $725.00 | 3.5 | $2,537.50 | Draft and negotiate mutual NDA between Brightfield and Nexilis; coordinate execution
2023-06-19 | Omar Siddiqui | $575.00 | 2 | $1,150.00 | Review NDA terms; assist with finalization of mutual confidentiality provisions
2023-06-26 | Catherine Bloom | $1,150.00 | 1.5 | $1,725.00 | Coordinate retention of Crestline Patent Analytics LLC for FTO and patent landscape analysis; review engagement terms
2023-06-26 | Omar Siddiqui | $575.00 | 2.5 | $1,437.50 | Prepare patent portfolio materials for Crestline engagement; compile DeltaSync patent list (U.S. Patent Nos. 11,234,567–11,234,580; App. Nos. 17/901,201–17/901,206)
2023-07-10 | Wendy Schultz | $725.00 | 5 | $3,625.00 | Review Crestline preliminary patent landscape memo; analyze FTO findings for Stratos platform integration
2023-07-10 | Omar Siddiqui | $575.00 | 4 | $2,300.00 | Assist with review of Crestline memo; research potential blocking third-party patents identified in analysis
2023-07-12 | Wendy Schultz | $725.00 | 4 | $2,900.00 | Draft IP Diligence Memorandum to C. Bloom and D. Oshiro summarizing Crestline patent landscape findings and FTO conclusions
2023-07-12 | Omar Siddiqui | $575.00 | 3.5 | $2,012.50 | Assist with drafting IP Diligence Memorandum; verify patent data and freedom-to-operate conclusions
2023-07-14 | Catherine Bloom | $1,150.00 | 3 | $3,450.00 | Review and finalize IP Diligence Memorandum; strategy call with D. Oshiro and M. Vail re: integration risks
2023-07-15 | Wendy Schultz | $725.00 | 6 | $4,350.00 | Begin drafting Technology License Agreement (Draft 1); define broad field-of-use covering all enterprise SaaS verticals
2023-07-16 | Wendy Schultz | $725.00 | 7 | $5,075.00 | Continue drafting License Agreement Draft 1; fee structure ($3,200,000 upfront, $1,600,000/yr × 3 years maintenance); 5-year term with 2-year renewal
2023-07-16 | Omar Siddiqui | $575.00 | 5 | $2,875.00 | Draft IP representations, warranties, and indemnification provisions for License Agreement Draft 1
2023-07-17 | Catherine Bloom | $1,150.00 | 4 | $4,600.00 | Review and finalize Draft 1 of License Agreement; transmit to Whitmore & Falk LLP on behalf of Brightfield
2023-07-17 | Alan Ngo | $1,100.00 | 2 | $2,200.00 | Review License Agreement Draft 1; provide comments on IP licensing and technology transfer provisions
2023-07-31 | Wendy Schultz | $725.00 | 6 | $4,350.00 | Receive and review Whitmore & Falk redline (Draft 2); detailed analysis of narrow field-of-use restrictions (SIC 6000–6799, 8000–8099)
2023-07-31 | Omar Siddiqui | $575.00 | 4.5 | $2,587.50 | Research SIC code classifications for financial services and healthcare verticals; analyze FOU impact on Brightfield addressable revenue
2023-08-02 | Wendy Schultz | $725.00 | 5.5 | $3,987.50 | Draft Redline Comparison and Analysis Memorandum (Draft 2); quantify revenue impact ($38M restricted ARR vs. $142M total ARR, ~26.8%)
2023-08-02 | Catherine Bloom | $1,150.00 | 2 | $2,300.00 | Review Redline Analysis Memorandum; discuss strategy with D. Oshiro and L. Redmond
2023-08-02 | Alan Ngo | $1,100.00 | 1.5 | $1,650.00 | Review redline analysis; advise on sublicensing limitations and IP indemnification cap issues
2023-08-07 | Wendy Schultz | $725.00 | 7 | $5,075.00 | Begin preparing revised License Agreement (Draft 3) with expanded field-of-use language; draft compromise sublicensing provisions
2023-08-07 | Omar Siddiqui | $575.00 | 5.5 | $3,162.50 | Research antitrust considerations for field-of-use restrictions; assist with revised IP indemnification structure
2023-08-10 | Wendy Schultz | $725.00 | 6.5 | $4,712.50 | Continue drafting License Agreement Draft 3; revised definitions, representations and warranties, termination provisions
2023-08-10 | Omar Siddiqui | $575.00 | 4 | $2,300.00 | Draft revised termination and audit-rights provisions for Draft 3
2023-08-14 | Catherine Bloom | $1,150.00 | 4.5 | $5,175.00 | Finalize and review Draft 3 of License Agreement; transmit to Whitmore & Falk LLP
2023-08-14 | Alan Ngo | $1,100.00 | 3 | $3,300.00 | Review and approve Draft 3; confer with C. Bloom on expanded FOU strategy and fee structure preservation
2023-08-22 | Catherine Bloom | $1,150.00 | 5 | $5,750.00 | Draft Field-of-Use Issues Memorandum analyzing narrow vs. broad FOU; Delaware law enforceability analysis; recommend tiered-unlock model
2023-08-22 | Wendy Schultz | $725.00 | 6 | $4,350.00 | Assist with Field-of-Use Issues Memorandum; analyze co-exclusive structure alternatives and Stratos platform roadmap impact
2023-08-22 | Omar Siddiqui | $575.00 | 4.5 | $2,587.50 | Research Delaware case law on patent license field-of-use enforceability for FOU Issues Memo
2023-08-28 | Catherine Bloom | $1,150.00 | 3 | $3,450.00 | Review parties' exchanged FOU term sheets; strategy call with client team; identify four remaining open issues
2023-08-28 | Wendy Schultz | $725.00 | 4 | $2,900.00 | Analyze FOU term sheets; prepare comparison matrix of open issues
2023-08-28 | Alan Ngo | $1,100.00 | 2 | $2,200.00 | Review FOU term sheet exchange; discuss commercial implications with C. Bloom
2023-09-05 | Catherine Bloom | $1,150.00 | 4 | $4,600.00 | Draft Tiered-Unlock Proposal Letter ($5.2M base for financial services/healthcare + $4.8M expansion option for all verticals; $10M total); transmit to J. Whitmore at Whitmore & Falk
2023-09-05 | Wendy Schultz | $725.00 | 3.5 | $2,537.50 | Assist with tiered-unlock proposal; draft exercise mechanics and proposed timeline for expansion option
2023-09-05 | Omar Siddiqui | $575.00 | 2 | $1,150.00 | Research comparable tiered licensing structures; assist with proposal letter
2023-09-10 | Wendy Schultz | $725.00 | 3 | $2,175.00 | Receive and analyze Nexilis formal rejection of tiered-unlock proposal; prepare summary email to D. Oshiro and L. Redmond noting Nexilis cited exclusivity commitments to Ridgeline Ventures portfolio companies
2023-09-10 | Catherine Bloom | $1,150.00 | 2 | $2,300.00 | Review rejection; draft strategy outline for September 14 final negotiation call
2023-09-12 | Catherine Bloom | $1,150.00 | 2.5 | $2,875.00 | Email correspondence with D. Oshiro re: next steps; recommend termination if FOU impasse cannot be resolved on September 14 call
2023-09-12 | Wendy Schultz | $725.00 | 2 | $1,450.00 | Prepare talking points for September 14 negotiation call; update matter status
2023-09-13 | Catherine Bloom | $1,150.00 | 3.5 | $4,025.00 | Draft Board Update Memorandum to P. Chandrasekaran, D. Oshiro, and G. Hollister (Vantage Summit) summarizing negotiation status and recommending preparation to terminate
2023-09-13 | Wendy Schultz | $725.00 | 2.5 | $1,812.50 | Assist with Board Update Memorandum; compile timeline and financial summary
2023-09-13 | Alan Ngo | $1,100.00 | 2 | $2,200.00 | Review Board Update Memorandum; final comments
2023-09-13 | Omar Siddiqui | $575.00 | 3 | $1,725.00 | Research matter closure procedures; prepare document index for work product files
2023-09-14 | Catherine Bloom | $1,150.00 | 3 | $3,450.00 | Participate in final negotiation call with Nexilis/Whitmore & Falk; impasse confirmed; debrief with client team
2023-09-14 | Wendy Schultz | $725.00 | 2.5 | $1,812.50 | Participate in final negotiation call; prepare call notes documenting impasse
2023-09-14 | Alan Ngo | $1,100.00 | 1.5 | $1,650.00 | Debrief with C. Bloom; discuss matter closure procedures
2023-09-14 | Omar Siddiqui | $575.00 | 2.5 | $1,437.50 | Prepare matter closure checklist; coordinate return of confidential materials under NDA
2023-09-15 | Catherine Bloom | $1,150.00 | 2.5 | $2,875.00 | Draft and transmit Matter Closing Letter to D. Oshiro; confirm termination of negotiations and closure of matter 1042-00003; address NDA obligations and file retention
2023-09-15 | Wendy Schultz | $725.00 | 2.5 | $1,812.50 | Prepare final invoice and fee summary; coordinate file closure and confidential information return/destruction procedures under June 19 NDA
2023-09-15 | Omar Siddiqui | $575.00 | 2 | $1,150.00 | Assist with matter closure; compile and organize work product files
2023-09-15 | Alan Ngo | $1,100.00 | 2 | $2,200.00 | Review and approve final invoice; matter closure sign-off
TOTAL | 256 | $197,450.00
[sheet: Disbursements]
Date | Payee / Vendor | Description | Amount
2023-06-26 | Crestline Patent Analytics LLC | Patent landscape analysis and freedom-to-operate assessment — DeltaSync Platform patent portfolio (14 issued U.S. utility patents, 6 pending applications); engagement pursuant to retainer dated June 26, 2023 | $42,500.00
TOTAL DISBURSEMENTS | $42,500.00
[sheet: Grand Total]
Category | Amount
Professional Fees (Catherine Bloom — 38.0 hrs @ $1,150/hr) | $43,700.00
Professional Fees (Alan Ngo — 22.0 hrs @ $1,100/hr) | $24,200.00
Professional Fees (Wendy Schultz — 112.0 hrs @ $725/hr) | $81,200.00
Professional Fees (Omar Siddiqui — 84.0 hrs @ $575/hr) | $48,350.00
Subtotal — Professional Fees | $197,450.00
Disbursements — Crestline Patent Analytics LLC | $42,500.00
Subtotal — Disbursements | $42,500.00
TOTAL AMOUNT DUE | $239,950.00
Matter Number | 1042-00003
Billing Code | BCS-NEXILIS-LIC-2023
Billing Period | June 8, 2023 – September 15, 2023
Payment Terms | Net 30 days from invoice date
Remit Payment To | Calderwood & Harkness LLP, 700 Louisiana Street, Suite 3400, Houston, TX 77002
Estimated Fee Range (per Engagement Letter) | $180,000 – $250,000
Actual Total Billed | $239,950.00