FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / engagement-letter-driftwood.docx
engagement-letter-driftwood.docx · 1024-00001

Parties

HARKNESS LLP
Officer Driftwood Capital Advisors LLC
Driftwood Absolute Return Fund Ltd
Driftwood Capital Advisors LLC
Crane LLP
Cascabel Asset Management LLC
Federal Deposit Insurance Corp
Sato LLP

Dates

September 1, 2023
January 15, 2021
January 15, 2026
March 1, 2025
September 5, 2023

Amounts

$4.8
$32,000,000
$120,000,000
$0.68
$21,760,000
$38,000,000
$28,000,000
$22,000,000
$45,000,000
$18,500,000

Obligations

The scope of the Firm's representation shall include, without limitation, the following: (a) Structuring and Documenting the DIP Facility
Retainer Concurrently with the execution of this engagement letter, the Client shall pay to the Firm a retainer in the amount of $500,000 (Five Hundred Thousand Dollars) (the "Retainer")
The Retainer shall be funded by Driftwood on a pre-petition basis and shall be transmitted by wire transfer in accordance with the instructions set forth in Enclosure 1 hereto
The Retainer shall be held in trust and may be applied against fees and expenses incurred in connection with the engagement upon the Firm's rendering of an invoice to the Client
Any unused portion of the Retainer shall be returned to the Client promptly upon the conclusion of the engagement, after application against any outstanding fees and expenses
In the event that the Debtors' estates fail to reimburse the Firm's fees and expenses for any reason (including, without limitation, conversion of the Chapter 11 case to a case under Chapter 7, dismissal of the case, or the Bankruptcy Court's denial or reduction of the Firm's fees), the Client shall remain responsible for the payment of all outstanding amounts