Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 1 of 53

Dennis F. Dunne, Esq. (admitted pro hac vice) Tyler P. Brown (VSB No. 28072) Matthew L. Brod, Esq. (admitted pro hac vice) Justin F. Paget (VSB No. 77949) Shivani Shah (admitted pro hac vice) Jennifer E. Wuebker (VSB No. 91184) MILBANK LLP HUNTON ANDREWS KURTH LLP 55 Hudson Yards Riverfront Plaza, East Tower New York, New York 10001 951 East Byrd Street Telephone: (212) 530-5000 Richmond, Virginia 23219 Facsimile: (212) 530-5219 Telephone: (804) 788-8200 Facsimile: (804) 788-8218 Andrew M. Leblanc, Esq. (admitted pro hac vice) MILBANK LLP 1850 K Street, NW, Suite 1100 Washington, DC 20006 Telephone: (202) 835-7500

IN THE UNITED STATES COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION

) In re: ) Chapter 11 ) INTELSAT S.A., et al., 1 ) Case No. 20-32299 (KLP) ) . ) (Jointly Administered) )

MONTHLY FEE STATEMENT OF FTI CONSULTING, INC. FOR ALLOWANCE OF ADMINISTRATIVE CLAIM FOR COMPENSATION AND REIMBURSEMENT OF EXPENSES INCURRED FROM SEPTEMBER 1, 2020 THROUGH SEPTEMBER 30, 2020

Name of Applicant: FTI Consulting, Inc.

Authorized to provide professional Official Committee of Unsecured Creditors of Intelsat services to: S.A., et al.

Date of retention order: July 28, 2020 nunc pro tunc to May 28, 2020

Period for which compensation and September 1, 2020 – September 30, 2020 reimbursement sought:

1 The Debtors in these cases, along with the last four digits of each ’s tax identification number, are set forth in the Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting Related Relief [Dkt. No. 89]. Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 2 of 53

Allowed Amount: $765,529.50 Compensation sought as reasonable, Payment Amount: $612,423.60 (80% of Allowed actual and necessary: Amount) Expense reimbursement sought as Allowed Amount: $0.00 actual and necessary: Payment Amount: $0.00 (100% of Allowed Amount)

Type of fee statement or application: Monthly Fee Statement 2

The firm of FTI Consulting, Inc. (“FTI”), financial advisor for the Official Committee of

Unsecured Creditors of Intelsat S.A., et al. (the “Committee”), appointed in the above-captioned

chapter 11 cases (the “Chapter 11 Cases”), hereby submits this monthly fee statement (the

“Monthly Fee Statement”) pursuant to sections 327, 330, 331 and 1103(a) of title 11 of the United

States Code (the “Bankruptcy Code”); Rule 2016 of the Federal Rules of Bankruptcy Procedure

(the “Bankruptcy Rules”); Rule 2016-1 of the Local Bankruptcy Rules of the United States

Bankruptcy Court for the Eastern District of Virginia (the “Local Bankruptcy Rules”); the Order

Authorizing Retention of FTI Consulting, Inc. as Financial Advisor for the Official Committee of

Unsecured Creditors dated July 28, 2020 [Docket No. 574] (the “Retention Order”); and the

Order (I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses for

Retained Professional and (II) Granting Related Relief, dated June 30, 2020 [Docket No. 425] (the

“Interim Compensation Order”); and respectfully requests that this Court approve compensation

for reasonable, necessary and actual financial advisory services rendered by and reimbursement of

actual and necessary expenses incurred by FTI during the period of September 1, 2020 through

September 30, 2020 (the “Fee Period”). By this Monthly Fee Statement, FTI seeks allowance of

$765,529.50, which consists of $769,529.50 in fees and $0.00 in expenses, and payment in the

2 Notice of this Monthly Fee Statement shall be served in accordance with the Interim Compensation Order (as defined herein) and objections to payment of the amounts described in this Monthly Fee Statement shall be addressed in accordance with the Interim Compensation Order.

2

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amount of $612,423.60, which equals eighty percent (80%) of the allowed fees sought herein. In

support hereof, FTI states the following:

Itemization of Exhibits

1. The following Exhibits are attached hereto:

a. Exhibit A is a summary of prior fee statements and applications submitted by FTI and the amounts paid.

b. Exhibit B is a summary of the number of hours and fees by the FTI professionals and paraprofessionals. FTI’s professionals expended a total of 1,082.1 hours for a total amount of $765,529.50 in fees in connection with the Chapter 11 Cases during the Fee Period.

c. Exhibit C is a summary of the number of hours expended and fees incurred with respect to each of the subject matter categories that FTI established in accordance with its internal billing procedures. The time detail by subject matter category and by FTI professional and paraprofessional is itemized in Exhibit D.

Representations

2. FTI represents the following in compliance with Bankruptcy Rule 2016(a):

a. FTI anticipates the sources of monies to pay the compensation and reimbursement of expenses sought herein to be the debtors and the debtors’ respective bankruptcy estates in the Chapter 11 Cases.

b. No agreement or understanding exists between FTI and any other entity for the sharing of compensation received or to be received for services rendered in or in connection with the Chapter 11 Cases.

3. While FTI has made every effort to reflect all fees and expenses incurred during

the Fee Period, some fees and expenses may not be included in this Monthly Fee Statement due to

delays in accounting or processing during the Fee Period. FTI reserves the right to make further

application to this Court for allowance of such fees and expenses not included herein. Subsequent

monthly fee statements or applications will be filed in accordance with the Bankruptcy Code,

Bankruptcy Rules, Local Bankruptcy Rules, and the Interim Compensation Order.

3

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Notice

Notice of this Monthly Fee Statement has been provided to all necessary parties in

accordance with the Order (I) Establishing Certain Notice, Case Management and Administrative

Procedures and (II) Granting Related Relief dated May 15, 2020 [Docket No. 141], Interim

Compensation Order, and Order Appointing Fee Examiner and Establishing Procedures for

Consideration of Requested Fee Compensation and Reimbursement of Expenses dated September

1, 2020 [Docket No. 727]. FTI submits that, in light of the relief requested, no other or further

notice need be provided.

WHEREFORE, FTI respectfully requests that the Court approve, subject to the terms of

the Interim Compensation Order:

A. Compensation allowed to FTI for 100% of its fees in the amount of $765,529.50

incurred during the Fee Period;

B. Payment by the Debtors to FTI of $612,423.60, which represents 80% of total

allowed fees approved herein; and

C. Such other and further relief as this Court may find just and proper under the

circumstances.

4

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Dated: October 27, 2020

Respectfully submitted:

/s/ Jennifer E. Wuebker Tyler P. Brown (VSB No. 28072) HUNTON ANDREWS KURTH LLP Riverfront Plaza, East Tower 951 East Byrd Street Richmond, Virginia 23219 Telephone: (804) 788-8200 Facsimile: (804) 788-8218

-and-

Dennis F. Dunne, Esq. (admitted pro hac vice) Matthew L. Brod, Esq. (admitted pro hac vice) Shivani Shah (admitted pro hac vice) MILBANK LLP 55 Hudson Yards New York, New York 10001 Telephone: (212) 530-5000 Facsimile: (212) 530-5219

Andrew M. Leblanc, Esq. (admitted pro hac vice) MILBANK LLP 1850 K Street, NW, Suite 1100 Washington, DC 20006 Telephone: (202) 835-7500

Counsel to Official Committee of Unsecured Creditors

5

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EXHIBIT A INTELSAT S.A., et al. - CASE NO. 20-32299 PRIOR FEE STATEMENTS, APPLICATIONS, AND ALLOWANCES

Application Expenses Date Filed / Docket No. Period Fees Requested Requested Fees Paid Expenses Paid Balance 8/13/20 Dkt. No. 618 5/28/20 - 6/30/20 $ 1,125,308.00 $ - $ 900,246.40 $ - $ 225,061.60 9/14/20 Dkt. No. 786 7/1/20 - 7/31/20 $ 1,073,412.50 $ 138.90 $ 858,730.00 $ 138.90 $ 214,682.50 9/25/2020 Dkt. No. 847 8/1/20 - 8/31/20 $ 934,417.00 $ 154.43 $ 747,533.60 $ 154.43 $ 186,883.40 10/02/20 Dkt. No. 881 5/28/20 - 8/31/20 $ 3,133,137.50 $ 293.33 $ 2,506,510.00 $ 293.33 $ 626,627.50

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EXHIBIT B INTELSAT S.A., et al. - CASE NO. 20-32299 SUMMARY OF HOURS BY PROFESSIONALS FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Billing Total Total Professional Position Specialty Rate Hours Fees Collura, Lisa Sr Managing Director Forensics $ 985 21.3 $ 20,980.50 Friedland, Scott D. Sr Managing Director Forensics 985 97.1 95,643.50 Joffe, Steven Sr Managing Director Tax 1,125 10.5 11,812.50 Nicholls, Christopher Sr Managing Director Technology, Media, and Telecom 1,085 27.5 29,837.50 Sandberg, Melker Sr Managing Director Technology, Media, and Telecom 985 20.9 20,586.50 Star, Samuel Sr Managing Director Restructuring 1,125 20.4 22,950.00 Hill, Frederick Managing Director Regulatory & Public Affairs 760 17.0 12,920.00 Ng, William Managing Director Restructuring 905 191.2 173,036.00 Garceau, Andrew Sr Director Technology, Media, and Telecom 775 97.4 75,485.00 Cronkite IV, Walter Director Public Affairs 550 21.6 11,880.00 Sombuntham, Natalie Director Restructuring 735 167.1 122,818.50 Sum, Jocelyn Director Forensics 580 42.8 24,824.00 Caves, Jefferson Sr Consultant Public Affairs 450 8.1 3,645.00 Esposito, Joseph Sr Consultant Technology, Media, and Telecom 560 68.2 38,192.00 Monse, David Sr Consultant Technology, Media, and Telecom 495 56.3 27,868.50 Tompkins, Jeffrey Sr Consultant Forensics 440 54.2 23,848.00 Aguilar Alvarez, Patricio Consultant Technology, Media, and Telecom 370 25.7 9,509.00 Fitzgerald, Jay Consultant Public Affairs 350 9.6 3,360.00 Kurtz, Emma Consultant Restructuring 415 78.2 32,453.00 Stelzer, Anna Consultant Forensics 350 46.0 16,100.00 Hellmund-Mora, Marili Associate Restructuring 280 1.0 280.00 SUBTOTAL 1,082.1 $ 778,029.50 Less: Voluntary Reduction (12,500.00) GRAND TOTAL 1,082.1 $ 765,529.50

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EXHIBIT C INTELSAT S.A., et al. - CASE NO. 20-32299 SUMMARY OF HOURS BY TASK FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Code Task Description Total Hours Total Fees

1 Current Operating Results & Events 36.4 $ 24,229.00 2 Cash & Liquidity Analysis 29.4 17,015.00 3 Financing Matters (DIP, Exit, Other) 0.6 565.00 7 Analysis of Business Plan 31.7 15,580.00 10 Analysis of Tax Issues 22.8 22,756.00 13 Analysis of Other Miscellaneous Motions 4.7 4,733.50 14 Analysis of Claims/Liabilities Subject to Compromise 24.1 17,551.50 15 Analysis of Interco. Claims, Related Party Transactions, SubCon 130.6 92,199.50 16 Analysis, Negotiate and Form of POR & DS 51.6 42,791.00 18 Potential Avoidance Actions & Litigation 480.6 352,695.00 19 Case Management 36.1 27,813.50 20 General Meeting with Debtor & Debtors' Professionals 15.3 11,923.00 21 General Meetings with UCC & UCC Counsel 21.2 20,494.00 22 Meetings with Other Parties 7.9 7,819.50 24 Preparation of Fee Application 58.1 36,080.50 26 Clearing Project 70.2 47,080.00 27 Regulatory Matters 60.8 36,703.50 SUBTOTAL 1,082.1 $ 778,029.50 Less: Voluntary Reduction (12,500.00) GRAND TOTAL 1,082.1 $ 765,529.50

3 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 9 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 1 9/1/2020 Garceau, Andrew 1.3 Review KPI reporting workstream progress to update diligence request list to reflect outstanding items. 1 9/1/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/1 for distribution to the team. 1 9/1/2020 Sombuntham, Natalie 0.4 Review the draft dataroom, docket and regulatory daily update as of 9/1 to incorporate updates and provide comments. 1 9/2/2020 Garceau, Andrew 0.7 Correspond with A&M regarding management reporting KPIs for UCC based on June report. 1 9/2/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/2 for distribution to the team. 1 9/2/2020 Ng, William 0.7 Review Debtors' responses to diligence requests re: monthly operational performance reporting. 1 9/2/2020 Sombuntham, Natalie 0.2 Review the draft dataroom, docket and regulatory daily update as of 9/2 to incorporate updates and provide comments. 1 9/3/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/3 for distribution to the team. 1 9/3/2020 Ng, William 1.4 Review the terms of the Debtors' proposed economic arrangement with respect to one of its new satellites. 1 9/3/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/3 to incorporate updates and provide comments. 1 9/4/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/4 for distribution to the team. 1 9/4/2020 Ng, William 0.5 Review Debtors' July monthly operating results reporting, including key performance metrics by segment. 1 9/4/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/4 to incorporate updates and provide comments. 1 9/8/2020 Garceau, Andrew 1.1 Review Debtors' July monthly operating report to prepare outline re: operating summary for UCC. 1 9/8/2020 Garceau, Andrew 0.9 Provide comments to FTI Team re: analysis of Debtors' July actual results vs forecast. 1 9/8/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/8 for distribution to the team. 1 9/8/2020 Sombuntham, Natalie 0.2 Review the draft daily dataroom, docket and regulatory news update as of 9/8 to provide comments. 1 9/9/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/9 for distribution to the team. 1 9/9/2020 Sombuntham, Natalie 0.3 Review the draft daily dataroom, docket and regulatory news update as of 9/9 to provide comments. 1 9/10/2020 Garceau, Andrew 1.7 Reconcile July YTD Management report against June and 2Q YTD report.

1 9/10/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/10 for distribution to the team. 1 9/10/2020 Nicholls, Christopher 0.9 Review Debtors' July monthly operating report, with a focus on KPIs.

1 9/10/2020 Sombuntham, Natalie 0.2 Review the draft daily dataroom, docket and regulatory news update as of 9/10 to provide comments. 1 9/11/2020 Garceau, Andrew 1.3 Update diligence request list related to KPI reporting.

4 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 10 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 1 9/11/2020 Garceau, Andrew 1.2 Review progress of KPI reporting workstream to develop revised workplan for the upcoming UCC deliverables. 1 9/11/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/11 for distribution to the team. 1 9/11/2020 Sombuntham, Natalie 0.2 Review the draft daily dataroom, docket and regulatory news update as of 9/11 to provide comments. 1 9/14/2020 Garceau, Andrew 1.8 Finalize slides on actual performance vs. 2Q projections for UCC call.

1 9/14/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/14 for distribution to the team. 1 9/14/2020 Ng, William 0.5 Assess performance of the Debtors for July relative to projections, including with respect to key metrics. 1 9/14/2020 Nicholls, Christopher 1.1 Review presentation for UCC re: monthly operating report to provide comments to team. 1 9/14/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/14 to incorporate updates and provide comments. 1 9/15/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/15 for distribution to the team. 1 9/15/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/15 to incorporate updates and provide comments. 1 9/16/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/16 for distribution to the team. 1 9/16/2020 Sombuntham, Natalie 0.2 Review the draft dataroom, docket and regulatory daily update as of 9/16 to incorporate updates and provide comments. 1 9/17/2020 Garceau, Andrew 0.7 Prepare revisions to diligence request list re: KPI reporting workstream.

1 9/17/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/17 for distribution to the team. 1 9/17/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/17 to incorporate updates and provide comments. 1 9/18/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/18 for distribution to the team. 1 9/18/2020 Sombuntham, Natalie 0.3 Review the draft dataroom, docket and regulatory daily update as of 9/18 to incorporate updates and provide comments. 1 9/21/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/21 for distribution to the team. 1 9/21/2020 Sombuntham, Natalie 0.3 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/21 to incorporate changes to the daily update for UCC professionals. 1 9/22/2020 Kurtz, Emma 0.8 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/22 for distribution to the team. 1 9/22/2020 Sombuntham, Natalie 0.4 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/22 to incorporate changes to the daily update for UCC professionals. 1 9/23/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/23 for distribution to the team. 1 9/23/2020 Sombuntham, Natalie 0.3 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/23 to incorporate changes to the daily update for UCC professionals.

5 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 11 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 1 9/24/2020 Garceau, Andrew 1.1 Prepare follow ups with A&M regarding open KPI reporting diligence requests. 1 9/24/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/24 for distribution to the team. 1 9/24/2020 Sombuntham, Natalie 0.2 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/24 to incorporate changes to the daily update for UCC professionals. 1 9/25/2020 Kurtz, Emma 0.8 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/25 for distribution to the team. 1 9/25/2020 Sombuntham, Natalie 0.3 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/25 to incorporate changes to the daily update for UCC professionals. 1 9/28/2020 Kurtz, Emma 0.7 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/28 for distribution to the team. 1 9/28/2020 Sombuntham, Natalie 0.4 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/28 to incorporate changes to the daily update for UCC professionals. 1 9/29/2020 Kurtz, Emma 0.6 Prepare daily summary of dataroom updates, key docket filings and media coverage as of 9/29 for distribution to the team. 1 9/29/2020 Sombuntham, Natalie 0.3 Review the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/29 to incorporate changes to the daily update for UCC professionals. 1 9/30/2020 Sombuntham, Natalie 0.6 Prepare the daily dataroom uploads, docket filings, regulatory filings, and news update as of 9/30 for UCC professionals. 1 Total 36.4 2 9/3/2020 Ng, William 0.4 Review updated cash flow forecast and cash actual results reporting from the Debtors. 2 9/8/2020 Garceau, Andrew 1.2 Prepare diligence requests related to 13 week cash flow reporting.

2 9/9/2020 Aguilar Alvarez, Patricio 2.8 Analyze updated 13 week cash flow model provided by the Debtors to evaluate budget to actual variances. 2 9/9/2020 Aguilar Alvarez, Patricio 2.4 Prepare 13 week cash flow variance deck for UCC distribution.

2 9/9/2020 Aguilar Alvarez, Patricio 1.1 Continue to prepare 13 week cash flow budget to actuals variance deck for UCC distribution. 2 9/9/2020 Garceau, Andrew 1.6 Review 13 week cash flow report for week ended September 4 provided by the Debtors. 2 9/9/2020 Garceau, Andrew 1.2 Provide comments to FTI Team on adjusting 13 week cash flow analysis and reporting for week ended Sep 4. 2 9/10/2020 Aguilar Alvarez, Patricio 2.1 Prepare revisions to presentation re: updated 13 week cash flow budget to actual variances. 2 9/10/2020 Garceau, Andrew 1.6 Prepare updates to 13 week cash flow budget to actuals variance analysis through September 4 re: update deck for the UCC. 2 9/14/2020 Garceau, Andrew 1.4 Finalize 13 week cash flow budget to actuals variance update report to UCC for week ended Sep 4. 2 9/14/2020 Garceau, Andrew 0.7 Review diligence request list related to 13 week and KPI reporting items to evaluate outstanding items. 2 9/15/2020 Nicholls, Christopher 1.6 Review 13 week cash flow update, including budget to actual analyses, to provide comments to team.

6 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 12 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 2 9/18/2020 Garceau, Andrew 0.6 Prepare follow up with A&M on 13 week cash flow reporting due from week ended 9/11. 2 9/21/2020 Aguilar Alvarez, Patricio 2.8 Analyze updated 13 week cash flow model received from the Debtors.

2 9/21/2020 Aguilar Alvarez, Patricio 2.6 Prepare updates to 13 week cash flow budget to actual variance analysis for presentation to the UCC. 2 9/21/2020 Garceau, Andrew 1.3 Review 13 week cash flow budget to actual variance analysis through the week ended September 11 to provide comments to team. 2 9/22/2020 Aguilar Alvarez, Patricio 2.2 Prepare revisions to 13 week cash flow variance report to the UCC per internal comments. 2 9/22/2020 Garceau, Andrew 0.8 Finalize 13 week cash flow budget to actual variance reporting through September 11 re: UCC update presentation. 2 9/23/2020 Ng, William 0.4 Review draft 13 week cash flow update report to the UCC to assess recent performance and liquidity position. 2 9/24/2020 Sandberg, Melker 0.4 Review and comment on 13-week cash flow reporting to the UCC.

2 9/28/2020 Ng, William 0.2 Review draft cash flow update report for the UCC to assess current actual cash versus budget performance. 2 Total 29.4 3 9/9/2020 Ng, William 0.5 Assess terms of investment amendment to the DIP agreement.

3 9/21/2020 Star, Samuel 0.1 Follow up with team on DIP amendments for Gogo transaction.

3 Total 0.6 7 9/1/2020 Garceau, Andrew 1.7 Prepare competitor benchmarking analysis in preparation for the evaluation of the Debtors' business plan. 7 9/1/2020 Monse, David 0.7 Prepare normalization adjustments for different calendar year ends of competitor FSS operators in connection with the business plan benchmarking analysis. 7 9/2/2020 Aguilar Alvarez, Patricio 2.8 Analyze historical financials of comparable companies for benchmarking review. 7 9/2/2020 Aguilar Alvarez, Patricio 1.7 Continue to analyze historical financials of comparable companies for benchmarking review. 7 9/2/2020 Monse, David 0.8 Develop business plan segment revenue benchmarking for competitors.

7 9/3/2020 Aguilar Alvarez, Patricio 1.9 Analyze historical financials of comparable companies to create a comparison of revenue split by segment. 7 9/3/2020 Monse, David 0.8 Review historical segment revenue for Intelsat and competitors to compare revenue build. 7 9/4/2020 Ng, William 0.2 Assess current industry reports on flight wifi to consider business plan implications of Gogo acquisition by the Debtors. 7 9/9/2020 Monse, David 1.3 Review reports on lower revenues for SES to incorporate into business plan benchmarking analysis. 7 9/16/2020 Monse, David 2.2 Prepare analysis re: capital expenditures, liquidity ratios, and free cash flows for competitors for business plan benchmarking analysis. 7 9/17/2020 Monse, David 1.6 Prepare analysis re: SG&A, gross profit, and COGS for competitors for business plan benchmarking. 7 9/17/2020 Monse, David 1.4 Build aggregate amount and margin output charts for business plan benchmarking analysis.

7 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 13 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 7 9/18/2020 Garceau, Andrew 0.6 Review draft competitor benchmarking analysis for business plan evaluation to provide comments to team. 7 9/18/2020 Monse, David 2.6 Prepare analysis of key industry trends and issues discovered in business plan benchmarking analysis. 7 9/22/2020 Garceau, Andrew 0.9 Provide comments to FTI Team re: industry headwinds and issues raised.

7 9/24/2020 Monse, David 2.6 Research LEO industry trends to understand competitiveness of new technology and implications on Intelsat's business plan. 7 9/24/2020 Ng, William 0.3 Analyze views on potential risks of Gogo acquisition to assess potential business plan impact. 7 9/28/2020 Monse, David 1.1 Research LEO antenna compatibility with GEO antennas and ground station networks. 7 9/30/2020 Aguilar Alvarez, Patricio 2.2 Analyze Debtor's historical financial information in comparison to competitors for the business plan benchmarking analysis. 7 9/30/2020 Aguilar Alvarez, Patricio 1.1 Continue to analyze Debtor's historical financial information in comparison to competitors for the business plan benchmarking analysis. 7 9/30/2020 Monse, David 1.2 Conduct assessment on expected COVID impact on satellite industry trends to consider potential risks in the business plan. 7 9/30/2020 Monse, David 0.9 Conduct review regarding satellite industry consolidation trends in connection with the business plan approach. 7 9/30/2020 Monse, David 0.7 Draft slide summarizing the industry headwinds and trends on satellite industry consolidation. 7 9/30/2020 Monse, David 0.4 Draft slide summarizing the industry headwinds due to the COVID impact on satellite operators. 7 Total 31.7 10 9/1/2020 Kurtz, Emma 0.8 Review recently uploaded diligence documents re: tax returns to disseminate to relevant team members. 10 9/10/2020 Joffe, Steven 1.4 Review diligence documents regarding treatment of COD under Luxembourg . 10 9/10/2020 Joffe, Steven 0.6 Attend call with K&E regarding latest tax modeling.

10 9/10/2020 Ng, William 0.6 Attend call with Debtors regarding updates on their modeling of certain tax scenarios. 10 9/10/2020 Ng, William 0.9 Analyze implications of impairment deductions and breakage of tax unity on the Debtors' tax position. 10 9/10/2020 Nicholls, Christopher 1.6 Review tax modeling scenarios provided by the Debtors to prepare for call.

10 9/10/2020 Nicholls, Christopher 0.6 Participate in call with Debtors' tax advisors re: tax modeling.

10 9/10/2020 Sandberg, Melker 0.6 Attend call with Debtors tax advisors to discuss tax modeling issues.

10 9/10/2020 Star, Samuel 0.6 Attend call with Debtors and representative of ad hoc groups re: impacts of CODI, impairment deduction and acceleration payments on reorganization structure. 10 9/11/2020 Joffe, Steven 1.0 Attend call regarding transfer pricing re: impact on tax payments.

10 9/11/2020 Joffe, Steven 1.4 Prepare detailed analysis of updated tax modeling scenarios and transfer pricing to evaluate tax impact to Intelsat.

8 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 14 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 10 9/11/2020 Kurtz, Emma 0.8 Review newly uploaded diligence documents to the dataroom re: tax modeling scenarios to distribute to relevant team members. 10 9/11/2020 Ng, William 0.7 Evaluate Debtors' diligence information regarding the nature of the partnership tier and allocations for tax purposes. 10 9/14/2020 Joffe, Steven 0.9 Review transfer pricing memo re: allocation impact on tax liabilities.

10 9/16/2020 Joffe, Steven 0.8 Participate on weekly UCC call to discuss case updates, with a focus on tax modeling updates. 10 9/17/2020 Joffe, Steven 1.1 Review updated Luxembourg tax unity models.

10 9/17/2020 Joffe, Steven 0.4 Review CODI deck to evaluate tax implications for Intelsat.

10 9/17/2020 Joffe, Steven 0.6 Participate in internal team call to discuss case updates and workstream progress re: tax analysis. 10 9/17/2020 Ng, William 1.4 Analyze the scenarios per the Debtors' tax modeling update.

10 9/24/2020 Joffe, Steven 0.7 Participate in internal call re: discussion of workstreams, with a focus on tax analysis. 10 9/28/2020 Ng, William 0.7 Evaluate potential treatment of Jackson and affiliates' tax attributes under different restructuring scenarios. 10 9/29/2020 Joffe, Steven 0.3 Attend UCC professionals call to discuss case updates, with a focus on tax updates, including the tax term sheet. 10 9/29/2020 Joffe, Steven 0.5 Review NOL term sheet to evaluate proposal.

10 9/29/2020 Ng, William 2.2 Analyze implications of the terms of the Luxembourg tax unity proposal from the Debtors. 10 9/29/2020 Sombuntham, Natalie 0.4 Perform preliminary review of the tax term sheet.

10 9/29/2020 Star, Samuel 0.4 Review proposed tax optimization agreement term sheet to formulate questions for team. 10 9/30/2020 Joffe, Steven 0.8 Participate on weekly UCC call to discuss case updates, with a focus on the tax term sheet provided by the Debtors. 10 Total 22.8 13 8/28/2020 Nicholls, Christopher 1.3 Review analysis re: preliminary acquisition structure for Gogo transaction to provide comments. 13 8/31/2020 Nicholls, Christopher 0.8 Review Debtors' statement regarding proposed Gogo transaction.

13 8/31/2020 Nicholls, Christopher 1.6 Review analysis re: proposed Gogo transaction terms and arguments in support of terms to provide comments to team. 13 9/8/2020 Garceau, Andrew 0.8 Correspond with Milbank regarding open Gogo transaction diligence items.

13 9/29/2020 Monse, David 0.2 Review press releases on Gogo retaining its tax assets and issues with the Gogo transaction. 13 Total 4.7 14 9/14/2020 Ng, William 0.9 Analyze Counsel's memorandum regarding the SES proofs of claim, including basis for claims and damages, and assessment of issues. 14 9/14/2020 Ng, William 0.8 Analyze draft make-whole claims memorandum from Counsel and corresponding calculations.

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Task Date Professional Hours Activity Category 14 9/23/2020 Esposito, Joseph 0.3 Review A&M claims summary report and resolution update.

14 9/23/2020 Esposito, Joseph 2.7 Prepare claims summary analysis by entity.

14 9/23/2020 Esposito, Joseph 0.7 Incorporate feedback to claims summary analysis by entity.

14 9/23/2020 Garceau, Andrew 1.4 Provide comments to internal team re: summarizing preliminary claims register from A&M. 14 9/23/2020 Ng, William 0.7 Review summary of current status of filed and scheduled claims by category.

14 9/24/2020 Esposito, Joseph 0.6 Incorporate updates to secured and unsecured claims summary.

14 9/24/2020 Garceau, Andrew 1.2 Review summary of claims by entity based on preliminary reconciliation.

14 9/24/2020 Garceau, Andrew 0.9 Participate on call with A&M Team regarding preliminary filled claims listing. 14 9/24/2020 Ng, William 0.9 Attend call with the Debtors to discuss the status of claims reconciliation by Debtor and class. 14 9/24/2020 Ng, William 1.6 Review materials from the Debtors summarizing the status of filed and scheduled claims by type, including current claims register. 14 9/24/2020 Sombuntham, Natalie 0.9 Perform preliminary assessment of the claims register including claims by entity. 14 9/24/2020 Sombuntham, Natalie 0.4 Prepare summary of key points from the claims register call with A&M and K&E to share with team. 14 9/24/2020 Sombuntham, Natalie 0.9 Participate on call with K&E and A&M re: claims register and claims reconciliation process. 14 9/29/2020 Esposito, Joseph 2.1 Prepare revisions to analysis of claims register by legal entity to incorporate the team's comments. 14 9/29/2020 Garceau, Andrew 0.9 Develop entity-level claims summary outline for reporting to the UCC.

14 9/29/2020 Garceau, Andrew 0.9 Provide comments to team re: analysis of claims by entity.

14 9/29/2020 Ng, William 0.4 Assess Counsel's memorandum provided to the UCC regarding potential make-whole claims. 14 9/29/2020 Ng, William 1.6 Review claims diligence information from the Debtors to assess approach for preparation of claims update report for the UCC. 14 9/30/2020 Esposito, Joseph 2.6 Prepare summary of claims by secured and unsecured classes by entity.

14 9/30/2020 Garceau, Andrew 0.7 Provide direction to FTI team on entity claims summary and analysis.

14 Total 24.1 15 8/28/2020 Nicholls, Christopher 1.3 Review the analysis of intercompany agreements prepared by team to provide comments. 15 9/1/2020 Esposito, Joseph 2.8 Review certain intercompany note agreements involving Jackson as counterparty. 15 9/1/2020 Esposito, Joseph 2.6 Prepare recharacterization analysis for Jackson intercompany notes.

15 9/1/2020 Esposito, Joseph 2.4 Prepare recharacterization analysis for installment agreements involving Jackson.

10 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 16 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 15 9/1/2020 Garceau, Andrew 1.4 Continue to analyze the Jackson intercompany note agreements for potential recharacterization factors. 15 9/1/2020 Garceau, Andrew 0.8 Prepare MISA rate support analysis to identify information gaps and follow- ups. 15 9/1/2020 Garceau, Andrew 0.9 Review recharacterization analysis for key Jackson notes to provide comments to team. 15 9/1/2020 Ng, William 0.7 Review recent dataroom updates for diligence on review of intercompany note balances. 15 9/2/2020 Esposito, Joseph 1.6 Prepare revisions to Jackson installment recharacterization analysis.

15 9/2/2020 Esposito, Joseph 2.1 Prepare revisions to intercompany notes recharacterization analysis and overview slides. 15 9/2/2020 Esposito, Joseph 0.8 Reconcile A&M's intercompany model with intercompany note balances as of the petition date. 15 9/2/2020 Garceau, Andrew 1.3 Prepare modifications to intercompany data requests based on feedback from A&M. 15 9/3/2020 Esposito, Joseph 1.2 Prepare intercompany loan matrix by borrower and lender entity.

15 9/4/2020 Esposito, Joseph 1.9 Review intercompany balance from 2013 to 2020 to prepare summary analysis. 15 9/4/2020 Kurtz, Emma 1.1 Review new diligence documents to disseminate information re: intercompany balances and monthly analyses to relevant team members. 15 9/4/2020 Ng, William 1.4 Analyze intercompany balances matrix treatment per the Debtors' model.

15 9/8/2020 Esposito, Joseph 1.7 Prepare revisions to intercompany note recharacterization analysis per internal comments. 15 9/8/2020 Garceau, Andrew 1.3 Provide comments to team re: recharacterization analysis for Jackson LIBOR notes. 15 9/8/2020 Garceau, Andrew 1.4 Finalize intercompany note recharacterization deck for FTI Team review.

15 9/9/2020 Esposito, Joseph 2.1 Prepare historical trends analysis of intercompany note balances.

15 9/9/2020 Esposito, Joseph 2.9 Incorporate feedback and revisions to the Jackson intercompany note recharacterization analysis. 15 9/9/2020 Esposito, Joseph 0.4 Prepare summary analysis of changes in intercompany note balance from 2013 through 2018. 15 9/9/2020 Garceau, Andrew 1.6 Review the latest draft of the intercompany characterization analysis for petition date balances. 15 9/10/2020 Esposito, Joseph 2.4 Incorporate edits and updates to the intercompany note recharacterization analysis. 15 9/10/2020 Esposito, Joseph 0.9 Update intercompany diligence tracker items for distribution to A&M re: intercompany notes. 15 9/10/2020 Garceau, Andrew 2.3 Finalize intercompany note recharacterization deck for FTI Team review.

15 9/10/2020 Garceau, Andrew 0.4 Identify incomplete tasks related to intercompany recharacterization analysis to prioritize for team. 15 9/10/2020 Ng, William 0.9 Review revised diligence requests list detail re: information needs for the assessment of intercompany balances, prepetition transfers, and transfer pricing.

11 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 17 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 15 9/10/2020 Ng, William 0.4 Review nature and Debtors' treatment of certain material intercompany balances. 15 9/10/2020 Ng, William 1.2 Assess intercompany monthly analysis detail for buildup of certain balances from the Debtors. 15 9/11/2020 Esposito, Joseph 1.3 Review journal entries and accounting memos for intercompany loans.

15 9/11/2020 Esposito, Joseph 1.0 Attend Deloitte profit split presentation re: transfer pricing agreements.

15 9/11/2020 Garceau, Andrew 1.1 Update outstanding diligence request list related to intercompany balances.

15 9/11/2020 Garceau, Andrew 1.0 Participate on Transfer Pricing call led by Deloitte Team to evaluate intercompany agreements. 15 9/11/2020 Ng, William 0.6 Review analysis of intercompany balances involving certain Debtor entities, e.g., Jackson and Ventures. 15 9/11/2020 Ng, William 1.0 Attend call with the Debtors regarding historical transfer pricing and allocation of partnership profits. 15 9/14/2020 Esposito, Joseph 0.6 Update diligence tracker for latest intercompany requests.

15 9/14/2020 Esposito, Joseph 0.5 Attend call with Milbank to discuss diligence requests and outstanding items re: intercompany balances and agreements. 15 9/14/2020 Garceau, Andrew 0.7 Update the diligence request list related to intercompany items.

15 9/14/2020 Garceau, Andrew 0.3 Provide update to Milbank and FTI Team regarding transfer pricing follow- up from A&M. 15 9/14/2020 Ng, William 0.7 Review revised diligence information tracking schedule from the Debtors regarding updates to intercompany balances support requests. 15 9/15/2020 Esposito, Joseph 0.2 Review original loan document for key intercompany loan uploaded to the data room. 15 9/15/2020 Esposito, Joseph 1.6 Prepare list of key legal entities for further discussion with K&E re: intercompany balances and agreements analysis. 15 9/15/2020 Esposito, Joseph 0.6 Review transfer pricing documents provided re: certain key entities.

15 9/15/2020 Esposito, Joseph 2.8 Prepare key entities summary analysis to determine materiality of transfer pricing rates. 15 9/15/2020 Garceau, Andrew 0.9 Summarize impact of key entities transfer pricing analysis for UCC advisors.

15 9/15/2020 Garceau, Andrew 0.8 Review outstanding intercompany transfer pricing rates with FTI team.

15 9/15/2020 Garceau, Andrew 1.3 Review internal correspondence for uncompleted tasks related to intercompany balances and UCC KPI reporting. 15 9/15/2020 Garceau, Andrew 1.1 Provide comments to team on analysis of impact of foreign entities transfer pricing. 15 9/15/2020 Ng, William 0.7 Assess impact of intercompany claims treatment among affiliates on general unsecured recoveries. 15 9/15/2020 Ng, William 2.8 Prepare updates to draft analysis of petition date intercompany balances, including assessment of terms and potential recharacterization. 15 9/15/2020 Sandberg, Melker 0.4 Review files provided in the data room re: key entities to assess impact on intercompany claims.

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Task Date Professional Hours Activity Category 15 9/16/2020 Esposito, Joseph 1.2 Review Moelis entity solvency analysis in relation to the intercompany note recharacterization analysis. 15 9/16/2020 Esposito, Joseph 2.9 Prepare revisions to intercompany note recharacterization analysis to incorporate internal comments. 15 9/16/2020 Esposito, Joseph 0.7 Review bilateral agreement and compare to prior MISA intercompany cost allocation methodology. 15 9/16/2020 Esposito, Joseph 0.6 Attend call with A&M to review transfer pricing and overhead cost allocation. 15 9/16/2020 Esposito, Joseph 0.7 Attend internal call to discuss intercompany note recharacterization analysis deck. 15 9/16/2020 Garceau, Andrew 0.6 Discuss intercompany loan recharacterization analysis with FTI team.

15 9/16/2020 Garceau, Andrew 1.3 Provide comments to the team re: findings and conclusions in the intercompany recharacterization deck. 15 9/16/2020 Garceau, Andrew 0.7 Review workplan for intercompany workstream to prioritize upcoming deliverables. 15 9/16/2020 Kurtz, Emma 1.3 Review new diligence documents re: MISA, contribution agreements, and journal entries and accounting memos, to disseminate to relevant team members. 15 9/16/2020 Ng, William 0.7 Analyze the genesis of key intercompany balances as of the filing date and use of proceeds. 15 9/16/2020 Ng, William 1.7 Review updates to the analysis of the validity of petition date intercompany balances. 15 9/16/2020 Ng, William 0.6 Attend call with the Debtors to discuss methodology for intercompany allocations of costs. 15 9/16/2020 Nicholls, Christopher 1.6 Review intercompany notes recharacterization analysis to provide comments to team. 15 9/16/2020 Nicholls, Christopher 0.6 Participate in call with team re: intercompany note recharacterization analysis. 15 9/16/2020 Sombuntham, Natalie 1.3 Update the recharacterization analysis on the Jackson LIBOR Note and 12.5% Intercompany Note to be incorporated into the recharacterization deck. 15 9/16/2020 Sombuntham, Natalie 0.7 Participate on call with the FTI team re: intercompany note recharacterization analysis. 15 9/16/2020 Sombuntham, Natalie 1.6 Review the latest draft of the recharacterization analysis to provide comments and ensure consistency. 15 9/16/2020 Star, Samuel 0.7 Attend call with team re: analysis of intercompany loans for recharacterization potential. 15 9/16/2020 Star, Samuel 0.5 Review analysis of intercompany loans for recharacterization potential and list follow ups for team. 15 9/17/2020 Esposito, Joseph 0.9 Review history of intercompany cash payments.

15 9/17/2020 Esposito, Joseph 0.7 Attend call with A&M and K&E to discuss key legal entity descriptions.

15 9/17/2020 Esposito, Joseph 1.2 Summarize key legal entity descriptions and purposes.

15 9/17/2020 Esposito, Joseph 1.4 Prepare revisions to intercompany obligations summary chart.

13 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 19 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 15 9/17/2020 Esposito, Joseph 0.8 Prepare entity guarantor summary by intercompany debt obligation.

15 9/17/2020 Esposito, Joseph 1.6 Incorporate Moelis solvency analysis into intercompany note recharacterization analysis. 15 9/17/2020 Garceau, Andrew 2.3 Edit and finalize the intercompany recharacterization deck for internal distribution. 15 9/17/2020 Garceau, Andrew 2.4 Provide comments to internal team re: intercompany recharacterization deck.

15 9/17/2020 Garceau, Andrew 0.7 Participate on call with A&M team to discuss legal entity purposes.

15 9/17/2020 Ng, William 0.7 Attend call with the Debtors to discuss affiliate functions and intercompany relationships. 15 9/17/2020 Sombuntham, Natalie 0.9 Update recharacterization analysis for the Jackson LIBOR Note based on the latest responses by A&M. 15 9/18/2020 Esposito, Joseph 0.9 Prepare mapping of legal entity number in the trial balance to the legal entity name to reconcile with A&M. 15 9/18/2020 Esposito, Joseph 0.8 Update the intercompany note recharacterization analysis to incorporate comments from the team. 15 9/18/2020 Esposito, Joseph 0.2 Participate in internal call re: intercompany note recharacterization analysis and presentation. 15 9/18/2020 Esposito, Joseph 0.8 Update intercompany balances section of diligence tracker for latest data room uploads. 15 9/18/2020 Garceau, Andrew 0.7 Review updated diligence request list related to intercompany items.

15 9/18/2020 Garceau, Andrew 0.6 Provide comments to team re: intercompany note recharacterization deck.

15 9/18/2020 Garceau, Andrew 0.4 Finalize intercompany recharacterization deck for distribution.

15 9/18/2020 Ng, William 2.2 Review revised analysis of the intercompany note balances, including assessment of key terms and origin. 15 9/18/2020 Sombuntham, Natalie 0.2 Participate on call with internal team re: intercompany recharacterization deck. 15 9/18/2020 Sombuntham, Natalie 1.8 Prepare revisions to intercompany note recharacterization deck to finalize for distribution to Milbank. 15 9/22/2020 Esposito, Joseph 1.9 Prepare updated cash balance summary by entity and account for August in connection with the analysis of intercompany transactions. 15 9/22/2020 Garceau, Andrew 0.9 Review updated entity cash balance analysis for August in connection with the intercompany transactions. 15 9/23/2020 Ng, William 1.1 Assess follow up diligence responses from the Debtors on certain current intercompany balances, including historical activity and terms of agreement.

15 9/24/2020 Sandberg, Melker 0.5 Review draft analysis pertaining to past intercompany agreements and notes.

15 9/25/2020 Esposito, Joseph 2.6 Prepare implied annual interest analysis for intercompany note between key entities. 15 9/25/2020 Garceau, Andrew 1.1 Review response to Milbank team requesting support for intercompany note analysis. 15 9/25/2020 Ng, William 1.8 Review analysis of intercompany note balance involving Jackson affiliates, including changes in balances prior to filing.

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Task Date Professional Hours Activity Category 15 9/25/2020 Ng, William 0.9 Analyze impact of treatment of intercompany note relationships among key entities. 15 9/25/2020 Sombuntham, Natalie 0.7 Correspond with Milbank re: initial follow-up questions on Global Sales Note. 15 9/25/2020 Sombuntham, Natalie 1.1 Perform analysis on the historical accrued interest for the Global Sales Note.

15 9/25/2020 Sombuntham, Natalie 1.4 Draft responses to Milbank's follow-up questions re: Global Sales Note.

15 9/26/2020 Ng, William 1.2 Review responses to Counsel's queries regarding aspects of material intercompany balances. 15 9/26/2020 Sombuntham, Natalie 0.6 Revise draft responses to Milbank re: Global Sales Note.

15 9/28/2020 Esposito, Joseph 0.8 Review implied interest accrual analysis for the IGSM and UK Financial intercompany note. 15 9/28/2020 Ng, William 0.2 Evaluate potential drivers of value allocation among affiliates, including based on intercompany relationships. 15 9/29/2020 Garceau, Andrew 1.7 Summarize initial FTI view on intercompany pricing guardrails.

15 9/29/2020 Ng, William 0.7 Review assessment of intercompany agreements terms impacting allocation of certain costs. 15 9/30/2020 Esposito, Joseph 2.2 Prepare analysis of top intercompany claims by category and sub category.

15 9/30/2020 Garceau, Andrew 0.8 Review prepared analyses re: intercompany workstream to update workplan for outstanding tasks. 15 Total 130.6 16 9/1/2020 Ng, William 0.1 Attend call with the Debtors to discuss the diligence of the waterfall model.

16 9/1/2020 Ng, William 1.2 Assess modeling methodology for the allocation of distributable value at entities from waterfall perspective. 16 9/1/2020 Sombuntham, Natalie 2.4 Revise the draft waterfall model analysis for the value redistribution construct per conversation with A&M. 16 9/2/2020 Ng, William 0.9 Evaluate waterfall model mechanics and impact of modifications on creditor recoveries. 16 9/2/2020 Sombuntham, Natalie 2.3 Continue to build the value redistribution construct in the draft waterfall model to test against A&M model. 16 9/2/2020 Sombuntham, Natalie 1.3 Compare outputs from the A&M waterfall model vs. the draft waterfall model to identify variances and differences in modeling methodology. 16 9/2/2020 Sombuntham, Natalie 0.8 Review the latest intercompany balance matrix provided by A&M to compare against the matrix in the waterfall model. 16 9/3/2020 Ng, William 2.7 Review revised analysis of the waterfall recovery model, including treatment of unsecured claims by category. 16 9/3/2020 Sombuntham, Natalie 2.2 Incorporate updates to the draft waterfall model for value redistribution functionalities. 16 9/8/2020 Ng, William 2.8 Analyze mechanics of waterfall model, including treatment of guarantee claims recoveries and equity value redistribution. 16 9/10/2020 Sombuntham, Natalie 1.8 Perform detailed comparison of unsecured recoveries in the A&M model by entity. 16 9/13/2020 Sombuntham, Natalie 2.4 Build draft re-allocation constructs for the redistributable value for unsecured claims.

15 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 21 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 16 9/14/2020 Garceau, Andrew 0.6 Discuss prepetition term sheets added to dataroom with FTI team.

16 9/14/2020 Monse, David 0.7 Review prepetition restructuring proposal term sheets.

16 9/14/2020 Ng, William 1.9 Evaluate documentation from the Debtors regarding terms of prepetition restructuring proposals made by certain creditors. 16 9/14/2020 Ng, William 1.6 Evaluate waterfall treatment of guarantee claims and entity-level general unsecured claims. 16 9/15/2020 Ng, William 0.2 Attend call with Moelis to discuss the assessment of waterfall recoveries by entity. 16 9/15/2020 Star, Samuel 0.1 Review prepetition terms sheets and provide to Counsel.

16 9/16/2020 Ng, William 0.4 Assess the terms of the prepetition restructuring proposals, including contemplated capital structure. 16 9/16/2020 Star, Samuel 0.8 Review certain creditors' preliminary restructuring frameworks.

16 9/17/2020 Ng, William 1.2 Analyze entity-level modeling approach for value distribution accounting for intercompany and guarantee claims. 16 9/17/2020 Sombuntham, Natalie 1.7 Test draft distributable value re-allocation constructs against A&M's model.

16 9/21/2020 Sombuntham, Natalie 2.3 Continue to develop redistributable value construct in the draft waterfall analysis. 16 9/22/2020 Sombuntham, Natalie 1.1 Continue to compare A&M waterfall model's redistributable value mechanism to the draft waterfall. 16 9/22/2020 Sombuntham, Natalie 2.1 Test alternative redistributable value constructs to compare against A&M waterfall model. 16 9/23/2020 Ng, William 1.3 Analyze impact of potential causes of action on relative positions of different creditors by entity in the development of a plan of reorganization.

16 9/23/2020 Ng, William 1.6 Assess waterfall treatment of recoveries on account of causes of action re: prepetition transactions. 16 9/23/2020 Sombuntham, Natalie 1.2 Revise the draft waterfall recovery model for the redistribution value mechanics. 16 9/24/2020 Ng, William 2.8 Analyze updated waterfall analysis reflecting toggles for treatment of claims on account of prepetition transactions. 16 9/25/2020 Ng, William 2.6 Review impact of varying assumptions regarding treatment of prepetition transaction claims on waterfall recoveries. 16 9/29/2020 Ng, William 1.8 Analyze potential modifications to the waterfall analysis for additional assumptions toggles. 16 9/29/2020 Sombuntham, Natalie 0.4 Prepare summary of toggles and assumptions updates needed for the waterfall model per the investigations memo findings. 16 9/30/2020 Ng, William 2.7 Revise analyses of potential waterfall recoveries based on assumptions regarding value allocations and treatment of prepetition transactions. 16 9/30/2020 Ng, William 1.6 Analyze potential nature of post-emergence capital structure and corresponding plan terms. 16 Total 51.6 18 8/31/2020 Stelzer, Anna 0.6 Prepare list of new diligence documents received from A&M re: prepetition transactions.

16 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 22 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/1/2020 Friedland, Scott D. 0.2 Review LuxCo balance sheet and book value analyses.

18 9/1/2020 Ng, William 0.7 Review Counsel's memorandum on findings from their review of secured creditor liens. 18 9/1/2020 Ng, William 0.9 Analyze diligence responses summary tracker from the Debtors to review status of outstanding requests for the investigation of prepetition transactions. 18 9/1/2020 Sum, Jocelyn 2.8 Review additional diligence received from the Debtors re: journal entries and accounting memos related to prepetition transactions. 18 9/1/2020 Tompkins, Jeffrey 2.4 Review LuxCo and subsidiary balance sheets received from the Debtors.

18 9/2/2020 Kurtz, Emma 0.7 Review new diligence documents received from the Debtors re: cash dividends journal entries to send to the relevant team members. 18 9/2/2020 Ng, William 1.6 Evaluate follow-up diligence requests for the Debtors for the analysis of prepetition transactions, including with respect to intercompany loans and certain transfers to TopCos. 18 9/2/2020 Ng, William 1.2 Analyze potential claims on account of debt exchanges, including the exchanges involving LuxCo issuances. 18 9/2/2020 Ng, William 1.9 Review updated analysis of transactions timeline to assess potential causes of action by entity. 18 9/2/2020 Ng, William 0.4 Prepare responses to Counsel's queries regarding the cash accounts employed by the Debtors for the prepetition transfers. 18 9/2/2020 Sombuntham, Natalie 1.2 Compare internal diligence tracker against A&M's latest response to update the diligence tracker for new and outstanding requests. 18 9/2/2020 Stelzer, Anna 2.1 Analyze new diligence item received from the Debtors re: December 2016 debt exchange transaction. 18 9/2/2020 Sum, Jocelyn 0.9 Revise additional flow charts pertaining to Jackson dividends.

18 9/2/2020 Sum, Jocelyn 2.4 Review additional journal entries received from the Debtors re: Jackson dividends. 18 9/3/2020 Friedland, Scott D. 0.3 Review prepetition transaction analyses and timelines in preparation for call with Counsel and Moelis. 18 9/3/2020 Friedland, Scott D. 0.8 Review LuxCo financial statement analysis regarding losses and entity book value. 18 9/3/2020 Friedland, Scott D. 0.6 Review issues relating to prepetition transactions due diligence, valuation and solvency analysis, including questions for Debtors' professionals and additional analyses to be performed. 18 9/3/2020 Friedland, Scott D. 0.7 Attend call with Moelis and Milbank regarding prepetition transaction timeline and analysis. 18 9/3/2020 Kurtz, Emma 1.3 Prepare updates to prepetition transactions analysis to reflect recently received diligence materials from the Debtors re: journal entries and accounting memos. 18 9/3/2020 Ng, William 0.4 Assess timing of solvency analyses and corresponding impact of evaluation of potential causes of action. 18 9/3/2020 Ng, William 1.1 Assess Counsel's follow-up queries with respect to the investigation of certain notable transactions. 18 9/3/2020 Ng, William 0.8 Attend call with Counsel to discuss analyses of historical transactions by category, note terms comparisons, and solvency.

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Task Date Professional Hours Activity Category 18 9/3/2020 Ng, William 0.6 Evaluate follow up diligence responses for the Debtors regarding key aspects of certain prepetition transactions involving Jackson and TopCo entities.

18 9/3/2020 Sombuntham, Natalie 0.6 Review the historical transaction matrix in preparation for a call with Milbank and Moelis. 18 9/3/2020 Sombuntham, Natalie 2.6 Review the latest A&M diligence tracker and recent dataroom uploads to update the diligence request tracker for outstanding and new items. 18 9/3/2020 Sombuntham, Natalie 0.7 Participate on call with Milbank and Moelis re: market indicator charts, historical transaction matrix and time period for analysis. 18 9/3/2020 Stelzer, Anna 1.4 Review new journal entries received from the Debtors related to the December 2016 debt exchange transaction. 18 9/3/2020 Sum, Jocelyn 0.7 Participate in call with team, Milbank, and Moelis regarding prepetition transactions analysis. 18 9/3/2020 Sum, Jocelyn 0.6 Participate in meeting with team regarding ongoing workstreams related to investigation of prepetition transactions. 18 9/3/2020 Tompkins, Jeffrey 0.7 Participate in call with Milbank and Moelis re prepetition transactions and note term comparison. 18 9/3/2020 Tompkins, Jeffrey 0.6 Participate in FTI team call re: ongoing analysis of prepetition transactions.

18 9/4/2020 Friedland, Scott D. 0.8 Draft replies to Milbank questions regarding debt exchanges and round-trip transactions. 18 9/4/2020 Kurtz, Emma 2.3 Review prepetition transactions analysis presentation to compile outside source files to send to Counsel. 18 9/4/2020 Ng, William 1.3 Assess responses to Counsel's queries regarding specific prepetition transactions, including nature of transaction and consideration exchanged. 18 9/4/2020 Ng, William 0.8 Analyze impact of ICF debt exchanges on ICF and LuxCo entities.

18 9/4/2020 Sombuntham, Natalie 1.3 Review recent dataroom uploads to update the excel tracker to ensure Milbank's questions are accounted for. 18 9/4/2020 Sombuntham, Natalie 2.3 Draft responses and compile files for Milbank's questions and requests regarding key prepetition transactions. 18 9/4/2020 Sombuntham, Natalie 0.4 Review the team's compiled external sources referenced in the investigations deck for Milbank. 18 9/4/2020 Stelzer, Anna 2.3 Prepare summary of the assertions made in the Aurelius letters, related to the 2015/2016 Jackson-LuxCo Dividend and Loan Roundtrip transaction. 18 9/4/2020 Stelzer, Anna 2.8 Review new diligence documents, Aurelius letters, related to the 2015/2016 Jackson-LuxCo Dividend and Loan Roundtrip transaction. 18 9/4/2020 Sum, Jocelyn 0.7 Review recent dataroom documents pertaining to prepetition transactions analyses. 18 9/8/2020 Friedland, Scott D. 0.9 Review responses to Milbank questions relating to prepetition transactions.

18 9/8/2020 Ng, William 1.3 Evaluate terms of notes exchanged between affiliates, including LuxCo, ICF, and Envision. 18 9/8/2020 Ng, William 1.2 Analyze Debtors' responses to diligence queries regarding basis for certain transfers in connection with intercompany loans and contributions. 18 9/8/2020 Ng, William 2.7 Analyze responses to Counsel's queries regarding prepetition transfers, including dividends, debt exchanges, and the note advances.

18 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 24 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/8/2020 Sombuntham, Natalie 2.1 Draft responses to Milbank's investigations questions re: creation of ICF, creation of Envision, Jackson LIBOR Note and 2018 internal reorganization.

18 9/8/2020 Sum, Jocelyn 0.9 Review A&M diligence responses and related documents.

18 9/8/2020 Sum, Jocelyn 0.7 Review additional diligence documents received from A&M re: Jackson roundtrip transaction. 18 9/8/2020 Sum, Jocelyn 1.7 Review Intelsat general ledger data for the years 2015 and 2016 in connection with assessment of certain prepetition transfers. 18 9/8/2020 Tompkins, Jeffrey 2.9 Review updated analysis of Jackson roundtrip transaction to incorporate additional diligence information received from the Debtors. 18 9/9/2020 Friedland, Scott D. 2.1 Analyze estimated relative values of the Jackson debt exchange.

18 9/9/2020 Friedland, Scott D. 0.8 Continue to review analysis of prepetition transactions for potential preference payments. 18 9/9/2020 Friedland, Scott D. 1.9 Review updated responses to Counsel's questions regarding prepetition transactions. 18 9/9/2020 Friedland, Scott D. 0.9 Review analysis of prepetition transactions for preference payments.

18 9/9/2020 Kurtz, Emma 0.7 Prepare responses to Counsel re: source documents for FTI prepetition transactions analysis. 18 9/9/2020 Kurtz, Emma 1.3 Prepare responses to questions from Counsel re: Jackson subsidiary guarantees. 18 9/9/2020 Ng, William 1.8 Evaluate potential claims on account of certain key prepetition transactions, e.g., dividends, debt exchanges, and intercompany loans. 18 9/9/2020 Ng, William 0.9 Review diligence requests tracking schedule to assess Debtors' responses and status of outstanding diligence requests in connection with the prepetition transactions. 18 9/9/2020 Ng, William 2.7 Review analyses supporting responses to Counsel's queries regarding historical debt exchanges, dividends, and intercompany transfers. 18 9/9/2020 Ng, William 1.7 Evaluate consideration exchange in connection with historical transfers between Jackson and the TopCo entities. 18 9/9/2020 Ng, William 0.8 Evaluate nature of historical debt refinancings at the Jackson level and subsidiary guarantees. 18 9/9/2020 Sombuntham, Natalie 1.6 Draft responses to Milbank re: potential preference payments and historical uses of debt issuance proceeds. 18 9/9/2020 Sombuntham, Natalie 2.3 Continue to prepare draft responses to Milbank's investigations questions re: creation of ICF, creation of Envision, Jackson LIBOR Note and 2018 internal reorganization. 18 9/9/2020 Sombuntham, Natalie 1.3 Participate on call with FTI team re: draft responses to Milbank's investigations requests and questions. 18 9/9/2020 Sombuntham, Natalie 2.2 Perform analysis to track the uses of debt issuances back to the original debt issuances in connection with historical transactions. 18 9/9/2020 Stelzer, Anna 0.6 Prepare revisions to summary analysis of Aurelius letters to include in prepetition transactions analysis presentation re: Jackson-LuxCo Dividend and Loan Roundtrip transaction. 18 9/9/2020 Sum, Jocelyn 0.5 Revise diligence request list to incorporate diligence items received and follow up questions re: prepetition transactions. 18 9/9/2020 Sum, Jocelyn 1.3 Participate in call with team regarding prepetition transactions analysis and responses to Milbank's questions. 19 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 25 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/9/2020 Sum, Jocelyn 1.1 Revise responses to Milbank questions regarding prepetition transactions analysis. 18 9/9/2020 Tompkins, Jeffrey 2.4 Review prepetition dividends and share repurchases transactions to incorporate additional diligence documents received from the Debtors. 18 9/9/2020 Tompkins, Jeffrey 2.2 Prepare responses to Milbank's questions re dividends and share repurchases transactions. 18 9/9/2020 Tompkins, Jeffrey 1.3 Participate in call with team re: Milbank questions regarding certain prepetition transactions. 18 9/10/2020 Collura, Lisa 0.8 Analyze prepetition transactions and debt exchange transactions to develop responses to questions from Counsel. 18 9/10/2020 Friedland, Scott D. 1.8 Continue analyzing prepetition debt exchanges re: comparison of exchange consideration. 18 9/10/2020 Friedland, Scott D. 1.1 Continue analysis of prepetition debt exchanges to develop responses to Counsel's questions. 18 9/10/2020 Friedland, Scott D. 2.1 Develop model to compute relative values of bonds used in prepetition debt exchanges. 18 9/10/2020 Kurtz, Emma 1.3 Review new diligence documents to disseminate to relevant team members re: Envision journal entries and accounting memos. 18 9/10/2020 Ng, William 1.2 Evaluate responses to Counsel's queries regarding certain prepetition transfers, including debt exchanges, subsidiary guarantees, and Jackson transfers. 18 9/10/2020 Ng, William 0.7 Analyze bank accounts detail, including jurisdiction information, for certain prepetition transactions as provided by the Debtors. 18 9/10/2020 Ng, William 1.3 Assess next steps for analysis of potential claims on account of certain prepetition transactions of interest, and implications of solvency. 18 9/10/2020 Sombuntham, Natalie 1.1 Review preliminary analysis re: debt exchange consideration comparison.

18 9/10/2020 Sombuntham, Natalie 1.2 Perform preliminary analysis on the applicable local jurisdictions for certain cash transfers to identify follow-up questions. 18 9/10/2020 Sombuntham, Natalie 1.6 Update the diligence excel tracker for recently uploaded files re: journal entries, general ledgers and memos on intercompany dividends. 18 9/10/2020 Stelzer, Anna 2.9 Analysis of LuxCo's use of funds from the dividend payment it received from Jackson in the 2015/2016 Jackson-LuxCo Dividend transaction. 18 9/10/2020 Sum, Jocelyn 1.9 Revise diligence request list to incorporate diligence items received and additional follow up questions re: intercompany dividends. 18 9/10/2020 Sum, Jocelyn 1.0 Participate in discussion with team regarding work streams re: analysis of intercompany prepetition transactions. 18 9/10/2020 Tompkins, Jeffrey 2.7 Review newly received diligence documents from the Debtors re: journal entries and general ledgers related to intercompany dividends. 18 9/10/2020 Tompkins, Jeffrey 0.9 Update diligence request list to account for recently received diligence information re: intercompany dividends. 18 9/11/2020 Friedland, Scott D. 2.1 Review documents and filings relating to Jackson note loan covenants with respect to analysis of prepetition transactions. 18 9/11/2020 Friedland, Scott D. 0.6 Draft additional responses to Counsel's questions relating to Jackson dividend payment. 18 9/11/2020 Friedland, Scott D. 0.4 Review responses to Counsel's latest set of questions relating to prepetition transactions. 18 9/11/2020 Friedland, Scott D. 0.6 Attend call with Milbank regarding debt exchange analysis and issuances.

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Task Date Professional Hours Activity Category 18 9/11/2020 Friedland, Scott D. 2.4 Analyze fair market values of bonds used in prepetition debt exchanges.

18 9/11/2020 Friedland, Scott D. 2.8 Continue valuing consideration received in prepetition debt exchanges.

18 9/11/2020 Friedland, Scott D. 0.9 Review preliminary solvency analysis prepared by Moelis.

18 9/11/2020 Kurtz, Emma 1.6 Review original and supplemental Jackson 2020 notes indentures to evaluate impact of amendments. 18 9/11/2020 Kurtz, Emma 0.6 Review debt terms comparison excel to evaluate consideration exchanged re: December 2016 exchanges. 18 9/11/2020 Ng, William 1.4 Analyze diligence responses from the Debtors in connection with the investigation of certain prepetition transactions. 18 9/11/2020 Ng, William 0.6 Attend call with Counsel to discuss the analysis of the debt exchanges involving Jackson, ICF, and LuxCo. 18 9/11/2020 Ng, William 0.9 Analyze follow up diligence queries from Counsel regarding guarantees provided by Jackson subsidiaries and subsequent transfers. 18 9/11/2020 Ng, William 0.9 Review analysis comparing notes exchanged by certain Debtors, including LuxCo, Jackson, ICF, and Envision. 18 9/11/2020 Ng, William 1.3 Analyze components of cash transactions between Jackson and LuxCo including intermediate transfers and sources of funding. 18 9/11/2020 Ng, William 1.8 Review draft responses to Counsel's follow-up queries regarding prepetition transactions, including dividends from Jackson and certain intercompany loans. 18 9/11/2020 Sombuntham, Natalie 0.8 Revise the response to Milbank's investigations follow-up questions re: Jackson roundtrip, upstream guarantees and preference payments. 18 9/11/2020 Sombuntham, Natalie 0.8 Perform analysis on regarding local jurisdiction for select cash transfers based on information provided by A&M. 18 9/11/2020 Sombuntham, Natalie 0.6 Participate on call with Milbank team re: debt exchanges comparison analysis. 18 9/11/2020 Sombuntham, Natalie 1.3 Update the investigations deck for Moelis's preliminary insolvency analysis and recent dataroom uploads. 18 9/11/2020 Sombuntham, Natalie 1.1 Review the preliminary insolvency analysis prepared by Moelis.

18 9/11/2020 Sombuntham, Natalie 0.4 Review the support files and citations requested by Milbank to ensure accuracy. 18 9/11/2020 Sombuntham, Natalie 0.4 Draft follow-up questions and a list of additional cash transfers to request from A&M. 18 9/11/2020 Sombuntham, Natalie 2.4 Draft responses to Milbank's investigations follow-up questions re: Jackson dividends, upstream guarantees and potentially preferential dividend payments. 18 9/11/2020 Stelzer, Anna 2.8 Research timing of dividend payment and loan as related to Intelsat's responses to Aurelius letters in regard to the 2015/2016 Jackson-LuxCo Dividend and Loan transaction. 18 9/11/2020 Sum, Jocelyn 0.6 Participate in call with Milbank and team regarding analysis of Intelsat note exchanges. 18 9/11/2020 Sum, Jocelyn 1.8 Revise analysis pertaining to value of Intelsat Luxembourg notes in December 2016 and January 2017 exchanges. 18 9/11/2020 Sum, Jocelyn 0.9 Review general ledger data relating to Intelsat Intermediate intercompany loan to Intelsat Jackson.

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Task Date Professional Hours Activity Category 18 9/11/2020 Sum, Jocelyn 2.2 Review documents pertaining to Intelsat Jackson to Intelsat Luxembourg dividends. 18 9/11/2020 Sum, Jocelyn 1.7 Review Aurelius letters relating to Intelsat Jackson dividend to Intelsat Luxembourg in September 2015. 18 9/11/2020 Sum, Jocelyn 0.7 Provide responses to Counsel's questions relating to prepetition transactions analysis. 18 9/11/2020 Tompkins, Jeffrey 2.9 Review debt exchange transactions to develop comparison of consideration exchanged. 18 9/11/2020 Tompkins, Jeffrey 2.7 Prepare revisions to debt exchange transactions comparison per internal comments. 18 9/11/2020 Tompkins, Jeffrey 0.6 Participate in call with FTI and Milbank teams re: debt exchange transactions. 18 9/12/2020 Friedland, Scott D. 1.1 Analyze consolidating trial balance and TopCo financial statements re: investments in subsidiaries, shareholders' equity, total capital and reserves.

18 9/12/2020 Friedland, Scott D. 0.6 Review additional detail requested by Debtors' professionals with regards to investigations information requests. 18 9/12/2020 Friedland, Scott D. 1.9 Prepare analysis of market capitalization, and adjustments for TopCo assets and liabilities re: indications of subsidiaries' financial condition at various dates. 18 9/12/2020 Ng, William 1.2 Evaluate nature of potential claims for series of prepetition transfers including key transactions in 2016 and 2018. 18 9/12/2020 Ng, William 2.4 Analyze application of solvency analyses to prepetition transfers for assessment of potential claims. 18 9/12/2020 Ng, William 0.9 Assess nature of value transfers between Jackson and certain subsidiaries in connection debt issuances and dividends. 18 9/12/2020 Sombuntham, Natalie 1.2 Prepare revisions to the investigations deck re: subsidiary guarantees and Aurelius arguments based on responses to Milbank. 18 9/12/2020 Sombuntham, Natalie 2.6 Perform detailed review and analysis of the Aurelius letter and relevant dataroom files re: subsidiary guarantees and related potential causes of action. 18 9/12/2020 Sombuntham, Natalie 1.4 Analyze the notes indentures to the 2022 and 2024 Jackson notes as well as the Jackson secured credit agreement re: subsidiary obligors. 18 9/12/2020 Tompkins, Jeffrey 0.7 Prepare revisions to document request list to include additional follow up questions related to intercompany dividends. 18 9/13/2020 Friedland, Scott D. 1.4 Draft illustration of financial statement and consolidating trial balance differences in connection with diligence requests. 18 9/13/2020 Friedland, Scott D. 1.1 Review analysis of 7.25% Senior Notes due 2020, including restricted payments covenant, to provide comments to team. 18 9/13/2020 Friedland, Scott D. 0.9 Review analysis of financial statements in connection with solvency measurements to provide comments to team. 18 9/13/2020 Friedland, Scott D. 0.7 Review updated diligence requests and open items to send to Debtors.

18 9/13/2020 Ng, William 0.8 Review analysis of bank accounts employed for historical prepetition transfers, including in connection with certain sources and uses detail. 18 9/13/2020 Ng, William 2.1 Analyze responses to Counsel's queries regarding transactions involving Jackson subsidiaries, including debt issuances and guarantees. 18 9/13/2020 Sombuntham, Natalie 0.4 Incorporate the team's comments and edits to the draft response to Milbank re: subsidiary guarantees.

22 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 28 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/13/2020 Sombuntham, Natalie 0.8 Review A&M's response on the prepetition cash transfer information to draft follow-up questions and requests. 18 9/13/2020 Sombuntham, Natalie 1.4 Continue to revise response to Milbank's investigations follow-up questions re: subsidiary guarantees and Aurelius letters. 18 9/14/2020 Friedland, Scott D. 0.6 Attend call with Milbank regarding due diligence requests.

18 9/14/2020 Friedland, Scott D. 0.6 Draft response to Debtors' financial advisors regarding financial diligence clarification requests. 18 9/14/2020 Friedland, Scott D. 1.4 Attend call with Moelis and Milbank re: Moelis presentation of solvency analyses. 18 9/14/2020 Kurtz, Emma 1.4 Review Moelis solvency analysis surrounding prepetition transactions to evaluate impact on prepetition transactions analysis conclusions. 18 9/14/2020 Ng, William 0.8 Analyze diligence queries from Counsel regarding the nature of guarantee claims and related prepetition activity. 18 9/14/2020 Ng, William 2.3 Analyze diligence information from the Debtors regarding certain transactions involving transfers among LuxCo, Jackson, and other affiliates.

18 9/14/2020 Ng, William 1.4 Attend call with Counsel and Moelis to discuss the assessment of solvency of Debtor entities during certain prepetition periods. 18 9/14/2020 Sombuntham, Natalie 1.4 Participate on call with Moelis and Milbank teams re: preliminary transaction analysis. 18 9/14/2020 Sombuntham, Natalie 0.8 Finalize outstanding investigations diligence requests and next steps.

18 9/14/2020 Stelzer, Anna 1.1 Research Intelsat response to Aurelius letter related to the 2015/2016 Jackson-LuxCo Dividend and Loan transaction. 18 9/14/2020 Tompkins, Jeffrey 0.6 Participate in call with FTI and Milbank re: intercompany prepetition transactions analysis document request list. 18 9/14/2020 Tompkins, Jeffrey 2.6 Review Aurelius letter and documents re debt compliance.

18 9/14/2020 Tompkins, Jeffrey 1.4 Participate in call re: Moelis solvency analysis and preliminary transaction analysis. 18 9/15/2020 Collura, Lisa 2.4 Review analysis of responses to questions from Counsel on prepetition transactions. 18 9/15/2020 Friedland, Scott D. 2.4 Draft responses to Counsel's questions regarding debt covenant ratios.

18 9/15/2020 Friedland, Scott D. 1.1 Review research performed and coverage of Jackson notes and covenants in connection with prepetition transactions to provide comments to team. 18 9/15/2020 Friedland, Scott D. 1.4 Review analysis of Jackson debt covenant ratios in connection with September 2015 prepetition transactions to provide comments to team. 18 9/15/2020 Friedland, Scott D. 1.8 Draft responses to Counsel's questions regarding prepetition transactions and debt exchanges. 18 9/15/2020 Friedland, Scott D. 0.8 Review research and analysis performed re: Jackson loan covenants relating to the September 2015 transactions. 18 9/15/2020 Friedland, Scott D. 1.3 Prepare diligence follow-ups for the Debtors' professionals, to assist in obtaining requested information for financial statement diligence. 18 9/15/2020 Kurtz, Emma 1.6 Review dataroom documents identified by the Debtors' advisors as responsive to outstanding investigations diligence questions to evaluate responsiveness.

23 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 29 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/15/2020 Kurtz, Emma 0.4 Review recently uploaded diligence documents re: dividend memos to distribute to relevant team members. 18 9/15/2020 Ng, William 1.7 Assess information from the Debtors regarding prepetition transfers involving LuxCo, debt issuances, and dividends activity. 18 9/15/2020 Ng, William 1.6 Review draft responses to Counsel's inquiries regarding the nature of subsidiary guarantees, establishment of intercompany balances, and transfers involving Jackson. 18 9/15/2020 Ng, William 0.8 Evaluate potential implications of entity solvency in connection with key prepetition transactions. 18 9/15/2020 Sombuntham, Natalie 1.6 Identify and compare the subsidiaries that guarantee the Jackson secured and unsecured notes. 18 9/15/2020 Sombuntham, Natalie 2.2 Draft responses to Milbank's follow-up questions re: cash transfers, Jackson LIBOR Note, subsidiary guarantees, and LuxCo/Envision guarantees on ICF notes. 18 9/15/2020 Sum, Jocelyn 1.0 Participate in call with team regarding diligence requests and Intelsat financial statements. 18 9/15/2020 Sum, Jocelyn 0.8 Revise prepetition transactions analysis presentation to incorporate analysis of financial statements. 18 9/15/2020 Tompkins, Jeffrey 1.0 Participate in call with internal team re: outstanding investigations diligence requests and financial statements. 18 9/15/2020 Tompkins, Jeffrey 1.9 Review Aurelius letter and documents re: debt covenant compliance.

18 9/15/2020 Tompkins, Jeffrey 2.9 Review ICF and Envision financial statements and trial balances.

18 9/15/2020 Tompkins, Jeffrey 1.4 Review LuxCo financial statements and trial balances.

18 9/16/2020 Collura, Lisa 1.6 Provide comments to team re: draft responses to questions from counsel related to prepetition transactions, and examples for diligence requests and trial balance details for Moelis. 18 9/16/2020 Friedland, Scott D. 1.3 Revise draft response to Counsel's questions regarding prepetition transactions. 18 9/16/2020 Friedland, Scott D. 0.4 Draft responses to Moelis request for financial information re: financial statements and trial balances. 18 9/16/2020 Friedland, Scott D. 0.6 Review examples of discrepancies between trial balances and financial statements for Debtors to investigate. 18 9/16/2020 Friedland, Scott D. 0.4 Review examples re: Luxembourg IFRS to US GAAP financial statement reconciliation. 18 9/16/2020 Friedland, Scott D. 1.1 Provide comments to team re: responses to Counsel's questions with respect to loan covenants and prepetition transfers. 18 9/16/2020 Friedland, Scott D. 0.9 Review debt covenants as they relate to dividend payments with regards to counsel's questions on prepetition transactions. 18 9/16/2020 Ng, William 1.3 Assess unsecured creditor recovery implications from potential claims on account of prepetition transfers. 18 9/16/2020 Ng, William 0.6 Assess prepetition payments of interest on funded debt in the year prior to filing. 18 9/16/2020 Ng, William 0.5 Review analysis comparing trial balances to financial statements during prepetition periods for assessment of financial condition during time of transactions. 18 9/16/2020 Ng, William 0.7 Analyze nature of Jackson 2015 dividend and assertions regarding covenant compliance as of time of transfer. 24 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 30 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/16/2020 Ng, William 0.2 Attend call with Moelis regarding the Debtor's historical financial reporting in connection with evaluation of prepetition transfers. 18 9/16/2020 Ng, William 0.9 Assess responses to Counsel's queries regarding 2019 dividends and use of proceeds. 18 9/16/2020 Sombuntham, Natalie 0.3 Review the team's draft follow-up re: historical financial statement reconciliation to trial balances to send to A&M. 18 9/16/2020 Sombuntham, Natalie 0.8 Update the diligence excel tracker to reflect the latest dataroom uploads that address the investigations requests. 18 9/16/2020 Sombuntham, Natalie 0.7 Draft responses to Milbank's follow-up questions re: May and November 2019 dividends. 18 9/16/2020 Sombuntham, Natalie 1.2 Review the covenant analysis of key Jackson dividend and the team's draft responses to Milbank to provide comments. 18 9/16/2020 Stelzer, Anna 0.6 Analyze general ledgers to find repayment of intercompany loan related to the 2015/2016 Jackson-LuxCo Dividend and Loan transactions. 18 9/16/2020 Sum, Jocelyn 1.1 Revise analysis relating to comparison of Intelsat balance sheet and trial balance data. 18 9/16/2020 Sum, Jocelyn 0.6 Review Intelsat Jackson balance sheet and trial balance data for 2015.

18 9/16/2020 Sum, Jocelyn 0.3 Participate in call with Moelis regarding Intelsat trial balances.

18 9/16/2020 Sum, Jocelyn 0.4 Revise response relating to review of Intelsat Jackson debt to adjusted EBITDA ratio. 18 9/16/2020 Sum, Jocelyn 0.4 Prepare responses to Counsel's questions relating to Intelsat dividends.

18 9/16/2020 Tompkins, Jeffrey 2.6 Review Jackson financial statements and trial balances provided by the Debtors. 18 9/16/2020 Tompkins, Jeffrey 0.3 Participate in call with Moelis re: financial statements and trial balances.

18 9/16/2020 Tompkins, Jeffrey 2.1 Prepare follow up to diligence requests re: comparison analysis of financial statements and trial balances. 18 9/17/2020 Collura, Lisa 1.3 Review analysis of prepetition transactions and debt exchange transactions to provide comments to team. 18 9/17/2020 Friedland, Scott D. 0.9 Respond to additional questions from Counsel regarding prepetition transactions. 18 9/17/2020 Friedland, Scott D. 0.9 Provide additional comments to team re: responses to Counsel regarding loan covenants. 18 9/17/2020 Friedland, Scott D. 0.5 Review outstanding issues including prepetition transactions and diligence requests. 18 9/17/2020 Friedland, Scott D. 0.4 Review analysis of general ledger entries of certain key prepetition transaction to provide comments to team. 18 9/17/2020 Kurtz, Emma 0.7 Review new diligence documents re: funds flows for prepetition transactions to distribute to the relevant team members. 18 9/17/2020 Ng, William 2.4 Evaluate status of investigation of notable transactions, including outstanding diligence and potential claims. 18 9/17/2020 Ng, William 1.8 Analyze responses to Counsel's queries regarding financial condition of entities. 18 9/17/2020 Ng, William 0.8 Evaluate sources and uses in connection with ICF debt raises.

25 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 31 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/17/2020 Sombuntham, Natalie 0.6 Draft responses to Milbank's follow-up questions about the ICF contribution to Jackson and other investigations follow-up questions. 18 9/17/2020 Sombuntham, Natalie 0.4 Review the journal entries re: grant of management shares and other recent investigations dataroom uploads. 18 9/17/2020 Sombuntham, Natalie 1.1 Analyze the latest information on cash transfers sent by A&M to determine the applicable local jurisdiction. 18 9/17/2020 Sombuntham, Natalie 0.8 Review the updated Moelis preliminary solvency analysis to incorporate into the recharacterization deck. 18 9/17/2020 Sombuntham, Natalie 0.9 Compare the way in which the ICF contribution to Jackson was accounted for on the cash vs. book basis. 18 9/17/2020 Star, Samuel 0.2 Provide comments to team re: determination of dividends.

18 9/17/2020 Stelzer, Anna 0.4 Attend internal team call to discuss workstreams and resolve analysis of general ledgers re: the 2015/2016 Jackson-LuxCo Dividend and Loan transactions. 18 9/17/2020 Sum, Jocelyn 0.4 Prepare revisions to Intelsat management dividend analysis relating to 2019 dividends. 18 9/17/2020 Sum, Jocelyn 0.6 Review Intelsat Jackson credit agreement re: analysis of debt terms.

18 9/17/2020 Sum, Jocelyn 0.5 Review Intelsat Intermediate and Intelsat Jackson general ledger data for 2016. 18 9/17/2020 Sum, Jocelyn 0.4 Participate in internal call with investigations team regarding ongoing work streams. 18 9/17/2020 Tompkins, Jeffrey 0.4 Participate in internal call re: ongoing prepetition transactions investigations workstreams re: dividends and financial statement analysis. 18 9/18/2020 Collura, Lisa 2.4 Review analysis of 2019 dividend transactions compared to Delaware and Luxembourg law regulations at the request of Counsel. 18 9/18/2020 Collura, Lisa 1.6 Review updated analysis of prepetition transactions to provide further comments to team, with a focus on intercompany dividends. 18 9/18/2020 Friedland, Scott D. 1.3 Review slides to be included in Milbank's memorandum regarding prepetition transactions. 18 9/18/2020 Friedland, Scott D. 0.8 Research accounting tests for dividend payments under Delaware corporate law and computation of surplus capital. 18 9/18/2020 Friedland, Scott D. 0.4 Review solvency analysis for relevant subsidiaries as of prepetition transaction dates. 18 9/18/2020 Friedland, Scott D. 1.9 Review surplus equity analysis under Delaware and Luxembourg law with respect to prepetition dividends. 18 9/18/2020 Friedland, Scott D. 2.4 Prepare additions to surplus equity analysis under Delaware and Luxembourg law with respect to prepetition dividends. 18 9/18/2020 Kurtz, Emma 2.3 Review Milbank memo re: prepetition transactions investigations analysis to ensure transaction details conform with FTI analysis. 18 9/18/2020 Ng, William 2.8 Review draft updated summary analysis of notable transactions, including involving ICF, LuxCo, Jackson, among other entities. 18 9/18/2020 Ng, William 0.6 Evaluate structure of presentation to the UCC re: summary analysis of key prepetition transactions. 18 9/18/2020 Ng, William 2.2 Review updated diligence responses from the Debtors regarding certain historical intercompany transfers from Jackson and TopCo entities. 18 9/18/2020 Ng, William 0.8 Review revised solvency analysis from Moelis to evaluate impact on analysis of potential causes of action.

26 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 32 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/18/2020 Sombuntham, Natalie 0.9 Prepare revisions to investigations deck in support of Milbank's memo.

18 9/18/2020 Sombuntham, Natalie 0.7 Review A&M's latest diligence response tracker to update the status of outstanding investigations diligence items. 18 9/18/2020 Sombuntham, Natalie 2.8 Update slides and analyses on notable transactions to create investigations deck accompanying Milbank's investigations memo. 18 9/18/2020 Sombuntham, Natalie 1.4 Incorporate edits and comments provided by the team on the investigations slides in support of Milbank's memo. 18 9/18/2020 Sombuntham, Natalie 2.2 Prepare exhibits and slides on the debt exchange comparison analysis to be incorporated into the investigations deck. 18 9/18/2020 Stelzer, Anna 2.3 Prepare analysis related to the November 2018 through November 2019 intercompany dividends. 18 9/18/2020 Stelzer, Anna 2.9 Continue to prepare analysis related to the November 2018 to November 2019 intercompany dividends. 18 9/18/2020 Stelzer, Anna 1.6 Prepare revisions to analysis re: November 2018 to November 2019 intercompany dividends per internal comments. 18 9/18/2020 Sum, Jocelyn 2.2 Review prepetition transactions analysis to provide comments to team re: intercompany dividends analysis. 18 9/18/2020 Sum, Jocelyn 1.1 Review documents recently produced by the Debtors relating to prepetition transactions, including intercompany dividends. 18 9/18/2020 Sum, Jocelyn 0.8 Revise schedules outlining financial metrics for dividend payments under Luxembourg law. 18 9/18/2020 Tompkins, Jeffrey 2.6 Prepare revisions to prepetition dividend analysis related to the 2018 and 2019 intercompany dividends and solvency analysis. 18 9/18/2020 Tompkins, Jeffrey 0.4 Review outstanding investigations diligence requests to prepare for call with A&M and K&E re: document request list. 18 9/18/2020 Tompkins, Jeffrey 2.9 Continue to prepare revisions to prepetition dividend analysis related to the 2018 and 2019 intercompany dividends and solvency analysis. 18 9/19/2020 Collura, Lisa 1.4 Review analysis of 2019 dividend transactions compared to applicable to provide comments to team. 18 9/19/2020 Collura, Lisa 1.7 Review analysis of prepetition transactions, including review of updated presentation and analysis of 2019 dividend transactions. 18 9/19/2020 Friedland, Scott D. 1.8 Review analysis of Jackson dividends relative to Counsel's guidance re: Luxembourg law. 18 9/19/2020 Friedland, Scott D. 1.1 Provide comments to team re: analysis of Jackson dividends.

18 9/19/2020 Friedland, Scott D. 1.1 Review and revise 2019 dividend slides for inclusion in Counsel's prepetition transactions memo. 18 9/19/2020 Friedland, Scott D. 1.2 Review Counsel’s memo on prepetition transfers.

18 9/19/2020 Friedland, Scott D. 1.9 Provide comments on the analysis of Envision dividends under Delaware law. 18 9/19/2020 Friedland, Scott D. 1.4 Revise analysis of ICF dividends based on Counsel's guidance re: Luxembourg law. 18 9/19/2020 Friedland, Scott D. 1.6 Prepare revisions to analysis of prepetition dividends.

18 9/19/2020 Friedland, Scott D. 1.6 Provide comments to team re: debt exchange slides for inclusion in Counsel's prepetition transactions memo.

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Task Date Professional Hours Activity Category 18 9/19/2020 Sombuntham, Natalie 2.7 Commence detailed review of the draft investigations memo prepared by Milbank to provide comments. 18 9/19/2020 Sombuntham, Natalie 2.3 Perform detailed review of the latest draft of the condensed investigations deck to incorporate updates based on the latest available information on the dataroom. 18 9/19/2020 Sombuntham, Natalie 1.1 Perform detailed review of general ledgers, cash transfers and accounting records regarding the timing and amount of repayments of the Jackson dividend and loan transactions. 18 9/19/2020 Sombuntham, Natalie 0.6 Update the recharacterization analyses in the investigations deck to reflect the latest available information on the dataroom. 18 9/19/2020 Sombuntham, Natalie 2.2 Continue to review the draft investigations memo prepared by Milbank to provide comments and edits. 18 9/19/2020 Sombuntham, Natalie 2.8 Incorporate comments and revisions into the draft investigations memo prepared by Milbank to ensure factual accuracy. 18 9/19/2020 Sombuntham, Natalie 1.2 Incorporate the team's comments and feedback into investigations analysis summary deck. 18 9/19/2020 Stelzer, Anna 1.6 Perform analysis of whether certain dividend payments were permitted under the law, regarding the November 2018 to November 2019 intercompany dividends. 18 9/19/2020 Sum, Jocelyn 0.6 Revise analysis relating to Intelsat Jackson dividends in 2019.

18 9/19/2020 Tompkins, Jeffrey 2.2 Prepare revisions to investigations presentation re: intercompany dividends prepetition transactions analysis to reflect analysis of applicable law.

18 9/20/2020 Collura, Lisa 2.7 Review and comment on draft memo regarding prepetition transactions at the request of Counsel, with a focus on intercompany dividends. 18 9/20/2020 Friedland, Scott D. 1.8 Review Counsel's memo on prepetition transactions to ensure consistency in facts of the transactions re: debt exchanges. 18 9/20/2020 Friedland, Scott D. 1.7 Continue to review Counsel's memo on prepetition transactions to ensure consistency in facts of the transactions re: debt exchanges. 18 9/20/2020 Friedland, Scott D. 1.6 Prepare comments on Counsel's draft prepetition transactions memo.

18 9/20/2020 Friedland, Scott D. 1.2 Review comments on prepetition dividends analysis from team.

18 9/20/2020 Friedland, Scott D. 0.7 Review analysis of Envision dividends under Delaware law.

18 9/20/2020 Ng, William 1.3 Review draft memorandum from Counsel analyzing potential claims on account of prepetition transactions. 18 9/20/2020 Ng, William 0.9 Review revised analysis summarizing components of notable transactions, including amounts, timing, and rationale. 18 9/20/2020 Ng, William 0.7 Review analysis of dividends relative to balance sheet condition as of time of dividends. 18 9/20/2020 Sombuntham, Natalie 0.8 Review the analysis on dividends per Delaware and Luxembourg laws prepared by the team. 18 9/20/2020 Sombuntham, Natalie 1.6 Analyze board minutes, intercompany transaction schedule, and SOALs to establish timing and sources and uses of May and November 2019 dividends from Jackson to LuxCo. 18 9/20/2020 Sombuntham, Natalie 1.3 Perform detailed review of sources referenced in the draft investigations memo prepared by Milbank and condensed investigations deck to ensure accuracy.

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Task Date Professional Hours Activity Category 18 9/20/2020 Sombuntham, Natalie 2.2 Incorporate updates and edits to the condensed draft investigations deck to correspond with Milbank's draft memo. 18 9/20/2020 Sombuntham, Natalie 1.2 Incorporate and compile edits from the team re: Jackson roundtrip and 2019 dividends as well as other comments into the draft investigations memo prepared by Milbank. 18 9/20/2020 Sum, Jocelyn 2.9 Review memo relating to prepetition intercompany transactions to confirm transaction details. 18 9/20/2020 Sum, Jocelyn 0.3 Perform analysis relating to share premium treatment under Luxembourg law. 18 9/21/2020 Collura, Lisa 0.8 Respond to questions from Counsel on prepetition transactions, including dividend payments. 18 9/21/2020 Friedland, Scott D. 2.6 Review analysis of Jackson's 2015 dividend payments under Luxembourg limitations on distributions. 18 9/21/2020 Friedland, Scott D. 0.6 Provide comments to team re: analysis of Jackson's 2015 dividend payments under Luxembourg limitations on distributions. 18 9/21/2020 Friedland, Scott D. 1.3 Respond to additional inquiries regarding Jackson note indentures' covenant ratio calculations and methodology. 18 9/21/2020 Friedland, Scott D. 1.4 Update analysis of Jackson 2019 dividend payments under Luxembourg limitations on distributions. 18 9/21/2020 Friedland, Scott D. 0.4 Update analysis of ICF 2019 dividend payments under Luxembourg limitations on distributions. 18 9/21/2020 Friedland, Scott D. 0.5 Review Jackson and ICF's Articles of Incorporation regarding permissibility of certain capital accounts for distributions. 18 9/21/2020 Friedland, Scott D. 0.6 Respond to Counsel's questions regarding Jackson note covenant compliance. 18 9/21/2020 Kurtz, Emma 1.7 Prepare revisions to prepetition transactions analysis presentation to incorporate additional conclusions from Milbank's memo. 18 9/21/2020 Sombuntham, Natalie 1.1 Develop responses to Milbank re: dividend analyses for ICF and Jackson.

18 9/21/2020 Sombuntham, Natalie 1.2 Analyze articles of incorporation for ICF and Jackson to determine sources of allowable distribution. 18 9/21/2020 Sombuntham, Natalie 0.9 Review recent dataroom uploads and company-provided files re: mechanism of ICF contribution to Jackson. 18 9/21/2020 Sombuntham, Natalie 0.9 Review draft response to Milbank re: implications of Delaware and Luxembourg solvency issues to provide comments. 18 9/21/2020 Star, Samuel 0.3 Review dividend analysis and provide comments to team.

18 9/21/2020 Stelzer, Anna 0.6 Analyze general ledgers to confirm timing of payments in the 2015/2016 Jackson-LuxCo Dividend and Loan transactions. 18 9/21/2020 Sum, Jocelyn 0.4 Review analysis relating to Intelsat Jackson to Intelsat Luxembourg dividend in 2015. 18 9/21/2020 Tompkins, Jeffrey 1.1 Prepare revisions to prepetition dividends analysis to incorporate further research on timing of dividends relative to applicable laws. 18 9/22/2020 Kurtz, Emma 0.7 Review new diligence documents shared re: Intelsat Operations dividend to Jackson to share with investigations team. 18 9/22/2020 Ng, William 0.8 Review updated assessment of Jackson dividends, including relevant law and financial condition of entity. 18 9/22/2020 Ng, William 2.7 Analyze Counsel's prepetition transactions memorandum, including summaries of transactions and nature of potential claims.

29 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 35 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 9/22/2020 Sombuntham, Natalie 1.3 Develop draft responses to Milbank's follow-up questions re: 2019 dividends and applicable local laws. 18 9/22/2020 Stelzer, Anna 2.6 Prepare analysis re: general ledgers to reconcile difference between line item in Jackson 2018 and 2019 balance sheets related to the May and November 2019 intercompany dividends. 18 9/22/2020 Sum, Jocelyn 0.3 Review Intelsat Jackson 2018 and 2019 general ledger data.

18 9/23/2020 Friedland, Scott D. 0.6 Review analysis regarding reconciling net profits reported in Jackson 2018 financial statements. 18 9/23/2020 Friedland, Scott D. 0.3 Review Debtors' responses to diligence requests regarding prepetition dividend transactions. 18 9/23/2020 Friedland, Scott D. 0.3 Review additional diligence requests relating to investigation topics to be sent to Debtors. 18 9/23/2020 Ng, William 0.7 Evaluate potential remedies on account of causes of action if successful against certain Debtors. 18 9/23/2020 Sombuntham, Natalie 2.3 Analyze the sources and timing of 2019 dividends to reconcile between dividend memo amounts and actual amounts made. 18 9/23/2020 Sombuntham, Natalie 1.7 Analyze recently uploaded journal entries re: dividends and ICF contribution to Jackson. 18 9/23/2020 Sombuntham, Natalie 0.6 Update the investigation diligence tracker for recent company responses re: Jackson LIBOR Note. 18 9/23/2020 Stelzer, Anna 0.6 Prepare follow up diligence questions regarding the May and November 2019 dividend transactions. 18 9/23/2020 Sum, Jocelyn 0.3 Review additional diligence documents shared by the Debtors related to prepetition transactions analysis re: dividends. 18 9/24/2020 Collura, Lisa 0.9 Review draft responses to Counsel's queries related to the prepetition transactions analysis to provide comments to team. 18 9/24/2020 Friedland, Scott D. 0.4 Review Moelis' updated preliminary intercompany transaction analysis.

18 9/24/2020 Friedland, Scott D. 0.7 Review outstanding topics including summary of key prepetition transactions and potential impacts. 18 9/24/2020 Kurtz, Emma 0.7 Review recently uploaded diligence documents re: prepetition transactions to disseminate to relevant team members. 18 9/24/2020 Ng, William 1.2 Evaluate potential implications of claims on account of certain prepetition transactions among TopCo entities and Jackson. 18 9/24/2020 Ng, William 2.7 Revise summary slides regarding potential claims on account of prepetition transactions. 18 9/24/2020 Ng, William 0.4 Review revised solvency analysis to evaluate impact on assessment of potential causes of action. 18 9/24/2020 Sombuntham, Natalie 0.4 Develop key takeaways from the investigations on notable transactions to share with Counsel. 18 9/24/2020 Stelzer, Anna 2.9 Analyze additional diligence documents to clarify narrative within the investigations presentation, related to the May 2017 - Nov. 2018 Dividends.

18 9/24/2020 Stelzer, Anna 2.1 Analyze new diligence documents related to the certain transfer of consideration to Jackson. 18 9/24/2020 Sum, Jocelyn 0.6 Revise prepetition transactions analysis presentation to reflect recently received diligence items related to dividends.

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Task Date Professional Hours Activity Category 18 9/24/2020 Tompkins, Jeffrey 0.9 Review additional diligence documents provided by the Debtors re: debt exchange offerings. 18 9/25/2020 Collura, Lisa 1.4 Review and comment on summary of notable prepetition transactions, including potential causes of action. 18 9/25/2020 Friedland, Scott D. 0.8 Review comments on summary of notable prepetition transactions.

18 9/25/2020 Friedland, Scott D. 1.1 Provide further comments to team on summary of notable transactions and potential causes of action. 18 9/25/2020 Kurtz, Emma 0.7 Review recently uploaded diligence documents re: journal entries and accounting memos to disseminate to relevant team members. 18 9/25/2020 Ng, William 1.3 Assess nature of provisions on Debtors' note issuances.

18 9/25/2020 Ng, William 2.7 Review updates to analysis of potential claims on account of prepetition transactions. 18 9/25/2020 Sombuntham, Natalie 1.4 Revise the Global Sales Note slides in the investigation deck to ensure consistency with the latest investigations memo draft. 18 9/25/2020 Sombuntham, Natalie 2.4 Commence review of the latest investigations memo draft re: creation of Envision, subsidiary guarantees, various debt exchanges and Jackson dividend and loan transactions. 18 9/25/2020 Sombuntham, Natalie 0.7 Review Milbank's draft analysis re: Global Sales Note recharacterization in the investigations memo draft. 18 9/25/2020 Star, Samuel 1.6 Review summary of potential causes of action and potential relief and provide comments to team. 18 9/25/2020 Stelzer, Anna 2.8 Review new diligence documents related to the May 2015 – Nov. 2016 Dividends and Share Repurchases transactions. 18 9/25/2020 Stelzer, Anna 1.1 Review diligence documents re: cash dividend on 12/1/2015 from Jackson to LuxCo re: analysis of May 2015 – November 2016 intercompany dividends and share repurchases. 18 9/25/2020 Stelzer, Anna 0.9 Prepare revisions to investigations presentation to incorporate analysis re: May 2015 to November 2016 intercompany dividends. 18 9/25/2020 Sum, Jocelyn 0.2 Review diligence documents received re: Intelsat pass-through dividends.

18 9/25/2020 Tompkins, Jeffrey 0.6 Review prepetition transaction analysis presentation to incorporate additional diligence documents surrounding dividend transactions. 18 9/26/2020 Friedland, Scott D. 1.6 Review updated Milbank memorandum regarding analysis of prepetition transactions. 18 9/26/2020 Friedland, Scott D. 0.9 Provide comments on prepetition transaction summary and potential causes of action. 18 9/26/2020 Ng, William 0.9 Review updates to draft report summarizing nature of prepetition transactions subject to investigation. 18 9/26/2020 Ng, William 1.3 Analyze terms of note indentures to evaluate certain arguments in connection with potential causes of action. 18 9/26/2020 Sombuntham, Natalie 1.2 Incorporate new slides on the Global Sales Note into the investigations deck.

18 9/26/2020 Sombuntham, Natalie 2.6 Review Counsel's latest draft of the investigations memo to provide comments and ensure factual correctness. 18 9/26/2020 Star, Samuel 0.2 Identify follow up points for Milbank re: 2019 dividend transactions and Jackson 2016 intercompany loan.

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Task Date Professional Hours Activity Category 18 9/26/2020 Sum, Jocelyn 0.5 Review offering memorandums of Intelsat Jackson, Intelsat Luxembourg, and Intelsat SA notes. 18 9/27/2020 Ng, William 1.4 Revise draft summary report on nature of certain prepetition transactions, including in connection with creation of certain entities and dividends among affiliates. 18 9/27/2020 Ng, William 2.2 Prepare comments on draft memorandum from Counsel evaluating potential claims on account of prepetition transactions. 18 9/27/2020 Ng, William 1.7 Prepare responses to Counsel's queries regarding notable prepetition transactions, including involving transfers among Jackson, and its parent entities. 18 9/27/2020 Sombuntham, Natalie 1.2 Edit the investigations deck to ensure consistency with the latest investigations memo draft. 18 9/27/2020 Sombuntham, Natalie 2.2 Continue to provide comments re: latest investigations memo draft re: 2019 dividends, creation of ICF, ICF note guarantee, and ICF contribution to Jackson. 18 9/27/2020 Sum, Jocelyn 0.4 Review memo relating to prepetition transactions analysis.

18 9/28/2020 Collura, Lisa 1.7 Review and comment on draft memo regarding prepetition transactions, including summary of notable transactions and potential causes of action. 18 9/28/2020 Friedland, Scott D. 1.3 Review revised Milbank memorandum re: prepetition transactions to provide additional comments. 18 9/28/2020 Kurtz, Emma 0.4 Review new diligence documents received re: journal entries to distribute to relevant team members. 18 9/28/2020 Ng, William 2.2 Review updates to draft summary analysis of key prepetition transfers, including summary of considerations regarding impact of potential claims.

18 9/28/2020 Ng, William 2.8 Review additional comments to Counsel's memorandum regarding potential causes of action on account of certain prepetition transfers. 18 9/28/2020 Sombuntham, Natalie 0.7 Incorporate edits to the executive summary section of the investigations deck. 18 9/28/2020 Sombuntham, Natalie 2.4 Create executive summary slides to summarize key takeaways on the notable transactions. 18 9/28/2020 Sombuntham, Natalie 1.1 Incorporate changes to the investigations deck to correspond with the latest investigations memo re: Global Sales Note. 18 9/28/2020 Sombuntham, Natalie 1.1 Draft comments re: latest investigations memo draft for the Global Sales Note and Jackson LIBOR Note sections. 18 9/28/2020 Tompkins, Jeffrey 1.3 Review Milbank memo re: prepetition transactions to ensure factual correctness with respect to dividend transactions. 18 9/29/2020 Kurtz, Emma 0.9 Prepare revisions to prepetition transactions investigations presentation to conform with Milbank analysis. 18 9/29/2020 Stelzer, Anna 2.9 Review additional diligence documents received related to the November 2018 to November 2019 intercompany dividends. 18 9/29/2020 Stelzer, Anna 1.1 Review new diligence documents received re: transfers to Jackson.

18 9/29/2020 Stelzer, Anna 2.4 Review of diligence documents received related to May 2017 - November 2018 intercompany dividends to verify transaction amounts. 18 9/30/2020 Friedland, Scott D. 1.3 Review proposed revisions to Milbank's memo regarding analysis of prepetition transactions. 18 9/30/2020 Friedland, Scott D. 1.7 Review debt exchange value comparisons and estimations on consideration received to provide comments to team. 32 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 38 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 18 Total 480.6 19 9/1/2020 Garceau, Andrew 1.7 Reconcile A&M data request tracker updates against FTI list to identify outstanding questions. 19 9/1/2020 Ng, William 0.7 Assess status of workstreams, including waterfall analysis, investigation of prepetition transactions, and clearing process monitoring to evaluate upcoming deliverables. 19 9/2/2020 Kurtz, Emma 2.6 Prepare outstanding due diligence request list capturing all outstanding FTI requests for Counsel to send to the Debtors. 19 9/2/2020 Ng, William 0.6 Assess case timeline and planning for anticipated timing of diligence from the Debtors and deliverables for the UCC. 19 9/3/2020 Ng, William 0.8 Prepare updates to work plan by task area, including approach for upcoming deliverables to the UCC. 19 9/3/2020 Ng, William 0.6 Attend internal team call to discuss the Debtors' joint venture satellite, status of investigation of prepetition transactions, regulatory developments, and tax issues. 19 9/3/2020 Nicholls, Christopher 0.6 Participate in weekly internal call to discuss case updates, with a focus on intercompany balances and operating report updates. 19 9/3/2020 Sandberg, Melker 0.6 Attend internal team call to discuss analyses and coordinate work efforts.

19 9/3/2020 Sombuntham, Natalie 0.6 Participate on weekly internal call re: intercompany and prepetition transactions, MOR, c-band clearing update, and other case updates. 19 9/8/2020 Garceau, Andrew 0.4 Develop takeaways and action items from internal team call for coordination with the team. 19 9/8/2020 Ng, William 0.5 Revise work plan for updates on status of deliverables by task area.

19 9/10/2020 Garceau, Andrew 0.9 Provide feedback on Milbank proposed correspondence regarding diligence requests. 19 9/10/2020 Garceau, Andrew 0.8 Participate on weekly FTI team call to coordinate the Intercompany Balances, KPI reporting, and C Band Clearing workstreams. 19 9/10/2020 Ng, William 0.8 Attend internal call to discuss status of key workstreams, including tax, investigation, C-band contracts review, and C-Band clearing update memo.

19 9/10/2020 Nicholls, Christopher 0.8 Participate in internal team call to discuss ongoing workstreams, including intercompany balances, prepetition transactions analysis, and c-band clearing. 19 9/10/2020 Sandberg, Melker 0.8 Attend internal team call to review and discuss ongoing analyses and coordinate work efforts. 19 9/10/2020 Sombuntham, Natalie 1.3 Finalize the list of outstanding diligence items to circulate to the Debtors.

19 9/10/2020 Star, Samuel 0.8 Attend call with team re: workstream status including monthly operating results, regulatory environment, pre-petition transaction investigations, creditor recovery model and deliverables for UCC call. 19 9/11/2020 Kurtz, Emma 0.9 Update master diligence tracker to reflect responses received from A&M.

19 9/14/2020 Kurtz, Emma 0.7 Prepare detailed summary of diligence call with Debtors' advisors to provide update to team. 19 9/14/2020 Kurtz, Emma 0.6 Prepare revisions to outstanding diligence request to reflect recent responses from A&M and K&E to prepare for diligence discussion with Debtors' advisors.

33 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 39 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 19 9/14/2020 Sombuntham, Natalie 0.6 Draft annotations and rationale to the outstanding investigations diligence requests in advance of the call with the Company. 19 9/15/2020 Garceau, Andrew 1.4 Reconcile A&M data request tracker updates against FTI list to identify outstanding questions. 19 9/15/2020 Kurtz, Emma 1.8 Prepare revisions to FTI master diligence list to reflect discussion with Debtors' advisors re: responses and follow up questions. 19 9/15/2020 Sombuntham, Natalie 0.4 Review the latest diligence response tracker sent by K&E to identify outstanding diligence items. 19 9/15/2020 Sombuntham, Natalie 0.3 Compare the Debtors' diligence response tracker against internal notes to confirm outstanding diligence requests and estimated timing and status. 19 9/16/2020 Garceau, Andrew 0.8 Continue to reconcile A&M data request tracker updates against FTI list to identify outstanding questions. 19 9/17/2020 Garceau, Andrew 0.6 Participate on weekly FTI team call to coordinate the Intercompany Balances, KPI reporting, and C Band Clearing workstreams. 19 9/17/2020 Kurtz, Emma 0.6 Prepare revisions to outstanding diligence request list to incorporate recent responses from Debtors' advisors and follow-up questions in preparation for call with Debtors' advisors. 19 9/17/2020 Ng, William 0.6 Prepare updates to work plan for upcoming deliverables to the UCC by key task area. 19 9/17/2020 Nicholls, Christopher 0.6 Participate in internal team call to discuss progress on outstanding workstreams and upcoming deliverables. 19 9/17/2020 Sandberg, Melker 0.6 Attend weekly call with FTI team to review analyses and coordinate work efforts re: C-band clearing, investigations, and outstanding diligence items.

19 9/17/2020 Star, Samuel 0.6 Attend call with team re: workstream status including outstanding information requests, investigations, tax, C-band clearing, ad hoc group calls and pre-petition restructuring proposals. 19 9/18/2020 Kurtz, Emma 1.4 Prepare revisions to outstanding diligence request list to incorporate comments and responses from the Debtors' advisors discussed on the diligence update call. 19 9/18/2020 Monse, David 0.4 Update diligence tracker with outstanding items based on 9/14/20 call with A&M and items received during the week. 19 9/23/2020 Ng, William 0.8 Review work plan by task area, including approach and status of upcoming deliverables. 19 9/24/2020 Garceau, Andrew 0.7 Participate on weekly FTI team call to coordinate the Intercompany Balances, KPI reporting, and C Band Clearing workstreams. 19 9/24/2020 Ng, William 0.7 Attend internal call to discuss status of prepetition transactions investigation, 13 week cash flows report, and regulatory developments. 19 9/24/2020 Nicholls, Christopher 0.7 Participate on internal team call to discuss case updates re: cash flow report update, prepetition transactions investigations, and UCC deliverables.

19 9/24/2020 Sandberg, Melker 0.7 Attend weekly FTI team call to discuss analysis and status of work activities re: 13 week cash flow, regulatory update, and prepetition transactions investigation. 19 9/24/2020 Star, Samuel 0.7 Attend call with team re: workstream status including intercompany pre- petition transactions, ad hoc proposal, claims analysis, 13 week cash flow, regulatory update, tax and UCC deliverables. 19 9/28/2020 Ng, William 0.6 Prepare updates to work plan by task area, including review of status of upcoming deliverables.

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Task Date Professional Hours Activity Category 19 9/29/2020 Garceau, Andrew 0.4 Participate on internal call to discuss workstream progress and updates to overall workplan. 19 9/29/2020 Nicholls, Christopher 0.4 Participate in internal team call to discuss upcoming deliverables and changes to workplan. 19 9/29/2020 Sombuntham, Natalie 0.4 Participate on call with team re: work plan updates, first interim fee application comments and tax unity issues. 19 9/29/2020 Sombuntham, Natalie 0.2 Update the internal team distribution list.

19 9/30/2020 Ng, William 0.1 Review fees estimate requested by Debtors for financial reporting purposes.

19 9/30/2020 Ng, William 0.5 Prepare updates to work plan based on status of deliverables by task area.

19 9/30/2020 Sombuntham, Natalie 0.4 Prepare an estimate of September fees per Debtors' request.

19 Total 36.1 20 9/14/2020 Esposito, Joseph 1.4 Attend call with K&E and Milbank to discuss outstanding diligence requests for analysis of intercompany relationships. 20 9/14/2020 Friedland, Scott D. 1.4 Participate in conference call with Debtors' professionals regarding open diligence requests. 20 9/14/2020 Garceau, Andrew 1.4 Discuss status of open diligence requests with A&M and K&E teams.

20 9/14/2020 Ng, William 1.4 Attend call with the Debtors to discuss the status of diligence requests with respect to intercompany balances, prepetition transactions, cost allocations, and the C-Band Clearing Process. 20 9/14/2020 Nicholls, Christopher 1.4 Participate in call with Debtors' advisors to discuss outstanding diligence request list re: intercompany and reporting. 20 9/14/2020 Sombuntham, Natalie 1.4 Participate on call with A&M, K&E and Milbank re: diligence request status and responses. 20 9/14/2020 Tompkins, Jeffrey 1.4 Participate in call with FTI, Milbank, A&M, and K&E re: outstanding diligence requests and follow up queries. 20 9/15/2020 Ng, William 0.2 Attend call with Counsel to discuss status of communications from the Debtors regarding responses to requests, including re: C-Band clearing, prepetition transfers, and operational reporting. 20 9/16/2020 Garceau, Andrew 0.5 Participate on call with A&M regarding diligence questions on transfer pricing, payment clearings, and cost allocations. 20 9/18/2020 Collura, Lisa 0.6 Attend call with A&M and K&E regarding outstanding diligence requests for the investigation of prepetition transactions and other open items. 20 9/18/2020 Esposito, Joseph 0.5 Attend call with K&E and Milbank to discuss completed and outstanding diligence items re: intercompany balances. 20 9/18/2020 Friedland, Scott D. 0.5 Participate in status call with K&E and A&M regarding diligence requests, with a focus on prepetition transactions. 20 9/18/2020 Garceau, Andrew 0.5 Attend call to discuss outstanding diligence requests with A&M and K&E teams, with a focus on intercompany and C-band clearing. 20 9/18/2020 Ng, William 0.5 Attend call with the Debtors to discuss status of diligence responses to queries regarding intercompany balances, prepetition transactions, and C- band clearing. 20 9/18/2020 Sandberg, Melker 0.5 Attend meeting with K&E and A&M to discuss open information requests.

35 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 41 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 20 9/18/2020 Sombuntham, Natalie 0.5 Participate on call with K&E and A&M re: diligence requests.

20 9/18/2020 Sum, Jocelyn 0.6 Participate in call with Counsel, K&E, and A&M regarding outstanding investigations diligence requests. 20 9/18/2020 Tompkins, Jeffrey 0.6 Participate in call with FTI, Milbank, A&M, and K&E re: investigations document request list. 20 Total 15.3 21 9/1/2020 Garceau, Andrew 0.3 Participate on UCC advisors call to plan agenda for UCC meeting covering intercompany balances and Gogo acquisition. 21 9/1/2020 Ng, William 0.3 Attend call with Counsel to discuss the outcome of the hearing, the agenda for the UCC call, and status of the lien investigation. 21 9/1/2020 Nicholls, Christopher 0.3 Participate on weekly UCC professionals call to coordinate workstreams and discuss case updates re: hearings and lien investigation. 21 9/1/2020 Sandberg, Melker 0.3 Attend weekly meeting with Milbank and Moelis to coordinate work activities and prepare for UCC meeting. 21 9/2/2020 Garceau, Andrew 0.4 Participate in UCC call related to intercompany balances and Gogo transaction. 21 9/2/2020 Ng, William 0.4 Attend UCC call to discuss outcome of recent hearing, the lien analysis, and regulatory update. 21 9/2/2020 Nicholls, Christopher 0.6 Review agenda for call and recent diligence updates to prepare for UCC call.

21 9/2/2020 Nicholls, Christopher 0.4 Participate on weekly UCC call re: to discuss regulatory update, lien analysis, and outcome of recent hearing. 21 9/2/2020 Sandberg, Melker 0.4 Attend weekly meeting with the UCC to discuss regulatory update and other case activities. 21 9/4/2020 Ng, William 0.1 Assess agenda for upcoming UCC call based on status of work streams, deliverables, and diligence from the Debtors. 21 9/14/2020 Garceau, Andrew 0.5 Discuss status of open diligence requests with Milbank team re: intercompany and C-band. 21 9/14/2020 Nicholls, Christopher 1.1 Review outstanding diligence request list to prepare for discussions with Milbank and Debtors. 21 9/14/2020 Nicholls, Christopher 0.5 Participate on call with Milbank to discuss outstanding diligence requests and prepare for call with Debtors. 21 9/14/2020 Sombuntham, Natalie 0.5 Participate on call with Milbank re: diligence requests in preparation for call with company advisors. 21 9/15/2020 Garceau, Andrew 0.5 Participate on UCC advisors call to plan agenda for UCC meeting covering intercompany balances and Gogo acquisition. 21 9/15/2020 Ng, William 0.5 Attend call with Counsel to discuss the SES claim, Horizons motion, 13 week cash flows update, and UCC call agenda. 21 9/15/2020 Nicholls, Christopher 0.5 Attend weekly UCC professionals call to discuss case updates and plan for UCC call. 21 9/15/2020 Sandberg, Melker 0.5 Attend weekly call with Milbank and Moelis to coordinate work activities and prepare for UCC meeting. 21 9/15/2020 Sombuntham, Natalie 0.2 Participate on call with Milbank re: follow-up on diligence request status.

21 9/15/2020 Star, Samuel 0.1 Review and comment on draft agenda for call with Milbank and Moelis re: topics for UCC call. 21 9/15/2020 Star, Samuel 0.5 Attend call with Milbank and Moelis re: SES claim, agenda for UCC call, pre-petition term agenda for UCC call.

36 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 42 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 21 9/16/2020 Garceau, Andrew 0.2 Discuss status of open diligence requests with Milbank team.

21 9/16/2020 Garceau, Andrew 0.9 Participate in UCC call related to intercompany balances and Gogo transaction. 21 9/16/2020 Ng, William 0.9 Attend UCC call to discuss the Debtors' Horizons motion, SES claims, regulatory update, and 13 week cash flow forecast update. 21 9/16/2020 Nicholls, Christopher 0.9 Attend weekly UCC call to discuss case updates re: cash flow, operating results, business plan timing, and regulatory updates. 21 9/16/2020 Sandberg, Melker 0.9 Attend weekly call with UCC to discuss case issues, including regulatory update and business plan timing. 21 9/16/2020 Star, Samuel 0.9 Attend call with UCC re: SES claim, regulatory update, business plan timing, lien analysis, cash flow activity and July operating results. 21 9/29/2020 Garceau, Andrew 0.3 Participate on UCC advisors call to plan agenda for UCC meeting covering intercompany balances and KPI reporting. 21 9/29/2020 Ng, William 0.3 Attend call with Counsel to discuss the make-whole analysis, regulatory update, claims summary, and prepetition transactions investigation. 21 9/29/2020 Nicholls, Christopher 0.3 Attend weekly UCC advisors call to discuss workstream status and coordinate for UCC call. 21 9/29/2020 Sandberg, Melker 0.3 Attend weekly call with Milbank to coordinate work activities and prepare for UCC meeting. 21 9/29/2020 Star, Samuel 0.3 Attend call with Milbank and Moelis re: workstream status and agenda for UCC call. 21 9/29/2020 Star, Samuel 0.2 Prepare for call with Milbank and Moelis re: workstream status and agenda for UCC call. 21 9/30/2020 Garceau, Andrew 0.8 Participate in UCC call related to KPI reporting and intercompany items.

21 9/30/2020 Hill, Frederick 0.8 Participate in weekly UCC update call to discuss relevant developments related to submitted C-Band memo update and bi-weekly regulatory affairs update document. 21 9/30/2020 Ng, William 0.8 Attend UCC call to discuss the status of the C-Band clearing process, make- whole claims, and actual cash performance update. 21 9/30/2020 Nicholls, Christopher 0.9 Review materials to prepare for UCC call re: cash flow update and make- whole claims. 21 9/30/2020 Nicholls, Christopher 0.8 Participate in weekly UCC call to discuss case updates re: cash flow update, C-band clearing process, and make-whole claims. 21 9/30/2020 Sandberg, Melker 0.8 Attend weekly UCC call to provide case updates and review analyses.

21 9/30/2020 Star, Samuel 0.2 Draft email to Milbank re: call with Jackson crossover group advisor (HL) re: business plan and POR timeline. 21 9/30/2020 Star, Samuel 0.8 Attend call with UCC re: make-whole claims, c-band relocation status, regulatory update, 13 week cash forward next steps. 21 Total 21.2 22 9/2/2020 Garceau, Andrew 0.7 Participate on call with Jackson Ad Hoc Group re: Gogo transaction and exclusivity motion. 22 9/2/2020 Ng, William 0.5 Attend call with Jackson Ad Hoc Group to discuss status of current projects, including investigation of prepetition transactions, tax, and lien analysis.

22 9/2/2020 Sandberg, Melker 0.7 Attend meeting with Jackson Ad Hoc Group advisors and UCC advisors to discuss case issues related to the Gogo transaction.

37 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 43 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 22 9/21/2020 Garceau, Andrew 0.7 Participate on call with Ducera Team regarding industry and company outlook. 22 9/21/2020 Nicholls, Christopher 1.6 Review of recent diligence and industry trends analysis to prepare for call with Ducera. 22 9/21/2020 Nicholls, Christopher 0.7 Participate on call with Ducera to discuss intercompany issues, business plan strategy, and restructuring proposals. 22 9/21/2020 Sandberg, Melker 0.7 Attend call with Ducera to discuss industry trends in preparation for assessment of business plan. 22 9/21/2020 Star, Samuel 0.7 Attend call with Ducera re: intercompany transactions, tax issues, restructuring proposals and business strategy. 22 9/29/2020 Ng, William 0.5 Attend call with Ad Hoc Crossover Noteholders Group to discuss cases updates, including business plan and development of restructuring plan. 22 9/29/2020 Sandberg, Melker 0.5 Attend call with Houlihan to discuss case issues related to business plan and plan of reorganization timeline. 22 9/29/2020 Star, Samuel 0.5 Attend call with Houlihan re: business strategy, POR timeline and tax unity agreement proposal. 22 9/29/2020 Star, Samuel 0.1 Develop agenda for update call with Houlihan.

22 Total 7.9 24 9/1/2020 Kurtz, Emma 0.7 Prepare additional revisions to the July fee statement to conform with bankruptcy rules. 24 9/1/2020 Kurtz, Emma 1.4 Prepare revisions to the July fee statement to incorporate internal revisions.

24 9/1/2020 Ng, William 0.8 Review revised draft July fee statement based on bankruptcy guidelines.

24 9/1/2020 Sombuntham, Natalie 1.8 Review and incorporate changes to the draft July fee statement.

24 9/4/2020 Ng, William 0.4 Review Fee Examiner memorandum to understand protocol for dissemination of fee statement-related information to the Fee Examiner and associated timeline. 24 9/8/2020 Kurtz, Emma 0.7 Prepare first monthly fee statement backup excel file per fee examiner guidelines. 24 9/8/2020 Kurtz, Emma 0.3 Prepare revisions to fee examiner backup files per internal comments.

24 9/8/2020 Ng, William 0.2 Review excel support file for first monthly fee statement in response to Fee Examiner request. 24 9/8/2020 Sombuntham, Natalie 0.3 Review the draft fee examiner support file for the July Fee Statement to ensure correctness and provide comments. 24 9/9/2020 Kurtz, Emma 0.6 Prepare expense exhibits for the August fee statement per fee examiner guidelines. 24 9/9/2020 Kurtz, Emma 2.8 Review the August fee statement time details to ensure compliance with fee examiner guidelines. 24 9/10/2020 Kurtz, Emma 2.7 Continue to review time details in the August fee statement to ensure compliance with fee examiner guidelines. 24 9/10/2020 Kurtz, Emma 2.9 Prepare the August fee statement exhibits to ensure compliance with fee examiner guidelines. 24 9/10/2020 Star, Samuel 1.2 Review the July fee statement and provide comments to team.

38 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 44 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 24 9/11/2020 Kurtz, Emma 0.9 Prepare the August fee statement exhibits to comply with fee examiner guidelines. 24 9/11/2020 Kurtz, Emma 1.8 Prepare the August fee statement exhibits per local guidelines.

24 9/11/2020 Kurtz, Emma 1.2 Prepare revisions to the July fee statement per internal comments.

24 9/11/2020 Ng, William 0.7 Assess updates to draft July fee statement based on bankruptcy guidelines.

24 9/11/2020 Star, Samuel 1.2 Review the July fee statement and provide comments to team.

24 9/13/2020 Ng, William 0.3 Review updates to draft July fee statement relative to Chapter 11 standards.

24 9/14/2020 Kurtz, Emma 0.3 Prepare revisions to the July fee statement per comments from Counsel.

24 9/14/2020 Kurtz, Emma 0.2 Prepare revisions to the July fee statement backup files as requested by the fee examiner per internal comments. 24 9/14/2020 Kurtz, Emma 0.8 Prepare the July fee and expense backup file as requested by the fee examiner. 24 9/14/2020 Kurtz, Emma 0.4 Prepare July expense receipt backup as requested by the fee examiner.

24 9/14/2020 Ng, William 0.1 Review response to fee examiner for requested support for fees and expenses for July fee statement. 24 9/14/2020 Sombuntham, Natalie 0.8 Review draft August Fee Statement to provide comments to internal team.

24 9/15/2020 Kurtz, Emma 0.2 Prepare July fee period invoice per the Debtors' request.

24 9/15/2020 Sombuntham, Natalie 2.4 Review and incorporate edits to the draft exhibits of the August Fee Statement. 24 9/16/2020 Kurtz, Emma 0.7 Prepare revisions to the August fee statement per internal comments.

24 9/16/2020 Ng, William 1.1 Review draft August fee statement for compliance with bankruptcy guidelines. 24 9/16/2020 Sombuntham, Natalie 0.4 Review the revised August draft fee statement.

24 9/17/2020 Star, Samuel 0.3 Review the August fee statement and provide comments to team.

24 9/18/2020 Star, Samuel 0.8 Continue to review the August fee statement to provide comments.

24 9/21/2020 Kurtz, Emma 0.4 Prepare revisions to the August fee statement per internal comments.

24 9/21/2020 Star, Samuel 0.9 Review the August fee statement and provide comments to team.

24 9/22/2020 Kurtz, Emma 2.6 Prepare task code descriptions for the first interim fee application per local rules. 24 9/22/2020 Kurtz, Emma 1.2 Prepare draft template for the first interim fee application per local rules and Counsel's guidance. 24 9/22/2020 Sombuntham, Natalie 1.8 Review the current draft of the first interim fee application and draft additional task descriptions for major task codes.

39 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 45 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 24 9/23/2020 Kurtz, Emma 0.2 Attend call with team to review August fee statement and first interim fee application. 24 9/23/2020 Kurtz, Emma 1.2 Prepare revisions to August fee statement to incorporate internal comments.

24 9/23/2020 Ng, William 0.6 Review revised draft August fee statement relative to bankruptcy standards.

24 9/23/2020 Sombuntham, Natalie 0.2 Participate on call with the team re: August fee statement and first interim fee application. 24 9/23/2020 Sombuntham, Natalie 0.3 Correspond with Milbank re: monthly fee statement and interim fee application timeline and guidelines. 24 9/23/2020 Sombuntham, Natalie 0.9 Review the latest draft of the August Fee Statement to incorporate edits and prepare for filing. 24 9/23/2020 Star, Samuel 0.2 Attend call with team re: revisions to August fee statement.

24 9/24/2020 Kurtz, Emma 1.7 Prepare exhibits for the first interim fee application per fee examiner guidelines. 24 9/24/2020 Sombuntham, Natalie 2.4 Review the latest draft of the first interim fee application to incorporate comments and edits to the draft application and exhibits. 24 9/25/2020 Kurtz, Emma 0.3 Prepare revisions to the August fee statement per comments from Counsel.

24 9/28/2020 Kurtz, Emma 1.1 Prepare revisions to first interim fee application per internal revisions.

24 9/28/2020 Kurtz, Emma 1.1 Prepare August fee period excel backup file for the fee examiner.

24 9/28/2020 Kurtz, Emma 0.6 Prepare August fee statement receipts backup file for the fee examiner.

24 9/28/2020 Ng, William 1.4 Review narratives for draft interim fee application related to task code disclosures and exhibits. 24 9/28/2020 Sombuntham, Natalie 0.3 Review the draft excel support file for the August Fee Statement to provide comments. 24 9/29/2020 Hellmund-Mora, Marili 0.6 Finalize the August fee statement.

24 9/29/2020 Kurtz, Emma 1.9 Prepare revisions to the first interim fee application per internal comments.

24 9/29/2020 Kurtz, Emma 0.2 Prepare August invoices as requested by the Debtors.

24 9/29/2020 Ng, William 0.6 Review revised interim fee application relative to bankruptcy standards.

24 9/29/2020 Sombuntham, Natalie 0.6 Incorporate the team's comments on the first interim fee application and update the exhibits. 24 9/29/2020 Star, Samuel 2.4 Review and comment to team on interim fee application.

24 9/30/2020 Hellmund-Mora, Marili 0.4 Generate fee and cost estimate in connection with reporting budget and fee application. 24 9/30/2020 Sombuntham, Natalie 0.6 Incorporate the team's comments and edits into the first interim fee application. 24 Total 58.1 26 9/2/2020 Garceau, Andrew 1.6 Review July and August C Band dashboard comparison against final Intelsat C Band Clearing plan.

40 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 46 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 26 9/2/2020 Monse, David 1.3 Review FCC rules for C-Band auction to understand bidding procedures and interplay of clearing schedule for bidders. 26 9/2/2020 Monse, David 1.6 Analyze July and August 2020 C-Band clearing dashboard updates compared to final transition plan filed with the FCC. 26 9/2/2020 Monse, David 1.1 Review launch service agreements with SpaceX and Ariane with respect to risks in launch and clearing schedule. 26 9/2/2020 Ng, William 0.4 Review nature of C-band vendor contracts provided by the Debtors.

26 9/3/2020 Monse, David 0.8 Research relationship between Intelsat and JSAT to understand the necessity of the Horizons 4 joint satellite. 26 9/3/2020 Monse, David 0.6 Analyze Intelsat's financial dependence upon JSAT Ku band spectrum license. 26 9/3/2020 Monse, David 1.6 Prepare summary analysis of Horizons 4 joint satellite motion with JSAT.

26 9/4/2020 Monse, David 1.6 Review Ariane launch agreement to identify any risks to Intelsat in regards to cost, scope of work, and launch timing. 26 9/8/2020 Garceau, Andrew 1.1 Provide comments to team re: Horizons 4 contract analysis.

26 9/8/2020 Garceau, Andrew 1.1 Review Horizons 4 agreement.

26 9/8/2020 Ng, William 0.2 Review updated contract information from the Debtors regarding a C-band clearing vendor. 26 9/8/2020 Sandberg, Melker 0.4 Review filings on c-band docket to evaluate impact to Intelsat.

26 9/9/2020 Garceau, Andrew 0.6 Review Horizons 4 contract analysis to provide comments to team.

26 9/9/2020 Garceau, Andrew 1.4 Review and provide comments to team regarding C Band launch contracts analysis. 26 9/9/2020 Hill, Frederick 0.9 Research filings, news stories, and previous project documents for input into Milbank C-Band overview memo update. 26 9/9/2020 Monse, David 2.1 Analyze differences between C-Band clearing satellite launch contracts with SpaceX and Ariane. 26 9/9/2020 Monse, David 2.9 Review Horizons 4 satellite agreement details to address economic terms and understand risks associated with C-Band clearing reimbursement. 26 9/9/2020 Monse, David 0.9 Draft slide on Horizons 4 agreement and economic terms with JSAT with respect to C-Band clearing initiative. 26 9/9/2020 Monse, David 0.5 Analyze viability of Intelsat satellite contracts and potential concerns.

26 9/9/2020 Ng, William 0.4 Review C-Band clearing process memorandum updates from Milbank.

26 9/9/2020 Ng, William 0.4 Review summary analysis of a certain C-Band clearing launch services contract. 26 9/9/2020 Sandberg, Melker 0.6 Review additions and suggested edits to C-band memo.

26 9/9/2020 Sandberg, Melker 0.9 Review relevant news and c-band filings to evaluate potential impact to Intelsat. 26 9/10/2020 Garceau, Andrew 0.9 Draft FTI conclusion regarding Horizons 4 agreement for Milbank memo.

41 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 47 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 26 9/10/2020 Monse, David 0.6 Review Maxar G37 satellite build contract to understand the payload, timeline, and build details. 26 9/10/2020 Monse, David 0.8 Review Milbank Horizons 4 transaction memo for the UCC and provide insight for FTI commentary. 26 9/10/2020 Monse, David 1.2 Review Northrup Grumman satellite build contract to understand the payload, timeline, and build details. 26 9/10/2020 Monse, David 1.2 Review Maxar satellite build contract to understand the payload, timeline, and build details. 26 9/10/2020 Monse, David 1.4 Draft slides on comparison between satellite build contracts to understand pricing differences, timeline differences, and build differences.

26 9/10/2020 Monse, David 1.6 Review Milbank C-Band memo for the UCC.

26 9/10/2020 Ng, William 0.7 Review Milbank's draft memorandum regarding Debtors' motion re: payload for satellite procured for C-Band clearing and assess impact to the Debtors.

26 9/10/2020 Ng, William 1.1 Review updates to the C-Band clearing memo, including re: election impact and current pushback on certain cost reimbursements. 26 9/10/2020 Ng, William 0.4 Analyze key terms of the C-Band satellite contracts provided by the Debtors.

26 9/10/2020 Sandberg, Melker 1.1 Review filings on C-band docket and C-band related news to assess potential impact on Intelsat. 26 9/11/2020 Garceau, Andrew 1.2 Provide comments to team re: analysis of contracts received as part of UCC notice requirements. 26 9/11/2020 Garceau, Andrew 0.8 Provide comments to team on analysis re: quantifying risk of C Band reimbursement to align with Eutelsat complaint. 26 9/11/2020 Garceau, Andrew 0.4 Update diligence request list related to C-band clearing to send to Debtors advisors. 26 9/11/2020 Monse, David 1.7 Build contract tracker to review contracts from the Company and outstanding requests to track compliance with UCC C-Band vendor motion.

26 9/11/2020 Monse, David 0.4 Review Viasat opposition letter to Intelsat's satellites to understand payload and cost risk with launching Ku/Ka payloads. 26 9/11/2020 Monse, David 1.1 Update diligence tracker for C-Band related outstanding items and new items to request based on review of latest satellite and satellite launch contracts.

26 9/11/2020 Monse, David 0.6 Review Synamedia contract purchase order agreement.

26 9/11/2020 Sandberg, Melker 0.6 Review filings on C-band docket and assess potential impact on Intelsat.

26 9/13/2020 Ng, William 0.3 Review C-band clearing project diligence information from the Debtors, including July spend reporting and payments on prepetition claims of vendors. 26 9/13/2020 Sandberg, Melker 1.2 Review filings on C-band docket and C-bank related news from prior week to assess potential impact on Intelsat cash needs. 26 9/14/2020 Monse, David 0.2 Update diligence tracker with latest C-Band vendor satellite contracts received to identify outstanding requests. 26 9/14/2020 Monse, David 0.7 Review diligence response detail on C-Band teleports and C-Band vendor spending.

42 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 48 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 26 9/14/2020 Ng, William 0.4 Analyze diligence responses from the Debtors regarding the C-Band clearing process. 26 9/15/2020 Garceau, Andrew 0.4 Evaluate C Band clearing workstream progress against plan to identifying outstanding priority tasks. 26 9/15/2020 Garceau, Andrew 0.9 Provide comments to team re: satellite payload risk assessment.

26 9/15/2020 Garceau, Andrew 0.6 Review updated diligence request list related to C Band clearing items.

26 9/15/2020 Ng, William 0.7 Review updates to draft C-Band Clearing plan summary status memorandum for the UCC. 26 9/15/2020 Sandberg, Melker 0.3 Review C-band docket and news related to C-band in order to assess potential impact on Intelsat. 26 9/16/2020 Hill, Frederick 0.3 Review Milbank additions to updated C-Band memo.

26 9/16/2020 Monse, David 0.7 Analyze Intelsat PMO employees by work stream for the C-Band clearing schedule. 26 9/16/2020 Monse, David 0.4 Review Dish new 600 MHz lease to T-Mobile agreement to understand implications on the C-Band bidding process. 26 9/16/2020 Star, Samuel 0.9 Review Milbank draft memo on c-band relocation process, auction process and recommendations and provide comments. 26 9/17/2020 Hill, Frederick 0.4 Provide additional comments re: C-Band clearing schedule in Milbank C- Band clearing memo. 26 9/17/2020 Ng, William 0.2 Review modifications to draft C-band update memorandum regarding UCC monitoring of the process. 26 9/17/2020 Sandberg, Melker 0.9 Provide comments to Counsel re: C-band memo being prepared for UCC.

26 9/17/2020 Sandberg, Melker 0.7 Review filings on C-band docket and c-band news to assess potential impact to Intelsat. 26 9/18/2020 Garceau, Andrew 0.8 Correspond with A&M on C-band satellite contract exhibits and cost support. 26 9/18/2020 Garceau, Andrew 0.6 Review updated diligence request list related to C Band clearing items.

26 9/18/2020 Monse, David 0.4 Build summary slide on the relocation cost reimbursement allocation formula licensee bidders. 26 9/18/2020 Monse, David 1.4 Review C-Band auction allocation procedures in Final Order to understand reimbursement payments. 26 9/18/2020 Monse, David 1.1 Build summary slide on the accelerated payments reimbursement allocation formula for licensee bidders. 26 9/21/2020 Garceau, Andrew 0.5 Participate on call with A&M team regarding C Band diligence items.

26 9/21/2020 Monse, David 0.5 Attend call with A&M to discuss C-Band clearing cost details and satellite payload details. 26 9/21/2020 Monse, David 0.4 Prepare for call with A&M on C-Band clearing cost details and satellite payload details. 26 9/21/2020 Sandberg, Melker 0.5 Attend call with A&M to review and discuss C-band clearing project reporting. 26 9/21/2020 Sandberg, Melker 0.7 Review filings on C-Band Clearing FCC docket and review news related to C-band clearing.

43 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 49 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 26 9/22/2020 Monse, David 0.8 Draft commentary on C-Band auction procedures with respect to allocating reimbursement and accelerated clearing payments to the winning bidders.

26 9/22/2020 Monse, David 0.4 Review Intelsat's response to Viasat's ex parte letter to understand the merits of the cost allocation argument. 26 9/22/2020 Monse, David 0.2 Update contract tracker with details of Synamedia purchase order contract with Sinclair. 26 9/24/2020 Sandberg, Melker 0.6 Review filings on C-band docket and news relating to c-band auction to assess potential impact to Intelsat. 26 9/25/2020 Garceau, Andrew 0.8 Review September C Band clearing dashboard status.

26 9/25/2020 Ng, William 0.2 Review status of diligence responses from the Debtors regarding the C-band clearing process. 26 9/25/2020 Ng, William 0.2 Review press on anticipated C-band auction results to evaluate impact on the Debtors. 26 9/28/2020 Garceau, Andrew 1.6 Review C Band satellite payload summary analysis to provide comments to team. 26 9/28/2020 Garceau, Andrew 1.1 Review C Band clearing dashboard September update.

26 9/28/2020 Monse, David 0.7 Analyze Intelsat's incremental cost allocation risk based on the percentage of Ku/Ka capacity on the C-Band satellite payloads. 26 9/28/2020 Monse, David 1.3 Analyze September C-Band dashboard update to understand progress towards Q3 performance targets and the status of the clearing project. 26 9/29/2020 Monse, David 0.8 Research complaints by Verizon and AT&T against T-Mobile participating in the C-Band auction. 26 9/29/2020 Monse, David 0.2 Update diligence tracker with C-Band materials received from A&M regarding the C-Band payloads, vendor detail, and C-Band spend report. 26 9/30/2020 Monse, David 0.7 Participate in FCC open meeting discussion (partial) to identify commentary on upcoming C-Band auction in December and discussion auctioning more mid-band spectrum. 26 9/30/2020 Ng, William 0.4 Review final C-Band Clearing process update memorandum shared with the UCC. 26 9/30/2020 Ng, William 0.3 Assess news regarding transition plan updates for impact on the Debtors.

26 Total 70.2 27 9/1/2020 Caves, Jefferson 0.4 Compile daily monitoring report for 9/1 to provide UCC with updates regarding social media attention and media coverage. 27 9/1/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/1 to circulate to the UCC professionals. 27 9/1/2020 Fitzgerald, Jay 0.6 Compile daily Intelsat regulatory and media report as of 9/1.

27 9/1/2020 Hill, Frederick 0.3 Prepare agenda for weekly FCC regulatory affairs advisors call.

27 9/1/2020 Ng, William 0.3 Review updates to analysis of current regulatory filings for the UCC, including summary of filings re: clearing cost reimbursements. 27 9/1/2020 Ng, William 0.5 Review summary of recent filings with FCC to assess impact of allocation of spectrum. 27 9/2/2020 Caves, Jefferson 0.6 Compile daily monitoring report for 9/2 to provide UCC with updates regarding social media attention and media coverage.

44 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 50 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 27 9/2/2020 Cronkite IV, Walter 0.5 Compile daily FCC news and filings as of 9/2 to circulate to the UCC professionals. 27 9/2/2020 Fitzgerald, Jay 0.8 Compile daily Intelsat-related media report as of 9/2 to share with team.

27 9/2/2020 Hill, Frederick 0.4 Present bi-weekly regulatory affairs update to UCC on weekly call.

27 9/2/2020 Hill, Frederick 0.3 Attend weekly FCC and regulatory affairs advisors call with Moelis and Milbank. 27 9/2/2020 Sandberg, Melker 0.3 Attend call with Moelis and Milbank to discuss regulatory news and events related to the c-band clearing process. 27 9/3/2020 Caves, Jefferson 0.3 Compile daily monitoring report for 9/3 to provide UCC with updates regarding social media attention and media coverage. 27 9/3/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/3 to circulate to the UCC professionals. 27 9/4/2020 Caves, Jefferson 0.6 Compile daily monitoring report for 9/4 to provide UCC with updates regarding social media attention and media coverage. 27 9/4/2020 Cronkite IV, Walter 0.8 Compile daily FCC news and filings as of 9/4 to circulate to the UCC professionals. 27 9/4/2020 Fitzgerald, Jay 0.8 Compile regulatory filings monitoring as of 9/4 to share with team.

27 9/8/2020 Caves, Jefferson 0.4 Compile daily monitoring report for 9/8 to provide UCC with updates regarding media attention and media coverage. 27 9/8/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/8 to circulate to the UCC professionals. 27 9/8/2020 Hill, Frederick 0.3 Develop agenda for weekly regulatory affairs advisors call.

27 9/8/2020 Ng, William 0.4 Review FCC filings in response to Intelsat use of reimbursement funds.

27 9/9/2020 Caves, Jefferson 0.3 Compile daily monitoring report for 9/9 to provide UCC with updates regarding social media attention and media coverage. 27 9/9/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/9 to circulate to the UCC professionals. 27 9/9/2020 Fitzgerald, Jay 0.8 Compile daily media and regulatory reporting related to Intelsat as of 9/9.

27 9/9/2020 Hill, Frederick 1.1 Draft regulatory intervention risk analysis for 2020 section in Milbank C- Band update memo. 27 9/9/2020 Hill, Frederick 1.6 Develop draft regulatory 2021 intervention risk analysis for Milbank C-Band update memo. 27 9/9/2020 Hill, Frederick 0.3 Attend weekly regulatory affairs advisors call with Moelis and Milbank.

27 9/9/2020 Sandberg, Melker 0.3 Attend call with Milbank and Moelis to discuss regulatory events as it pertains to the C-band clearing and potential impact to Intelsat. 27 9/10/2020 Caves, Jefferson 0.4 Compile daily monitoring report for 9/10 to provide UCC with updates regarding social media attention and media coverage. 27 9/10/2020 Cronkite IV, Walter 2.8 Prepare bi weekly regulatory report for UCC professionals.

27 9/10/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/10 to circulate to the UCC professionals.

45 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 51 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 27 9/10/2020 Fitzgerald, Jay 0.6 Compile daily reporting on regulatory filings as of 9/10 to provide update to team. 27 9/10/2020 Hill, Frederick 0.7 Revise section on regulatory interventions risks for Milbank C-Band update memo based on new input. 27 9/10/2020 Hill, Frederick 0.3 Prepare biweekly UCC regulatory affairs update document.

27 9/10/2020 Hill, Frederick 0.6 Review FCC docket and related media for new filings and developments pertinent for UCC biweekly regulatory affairs update. 27 9/10/2020 Star, Samuel 0.3 Assess implications of potential change in political administration on c-band auction and anticipated acceleration payments. 27 9/11/2020 Cronkite IV, Walter 0.8 Prepare revisions to biweekly regulatory note per internal comments.

27 9/11/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/11 to circulate to the UCC professionals. 27 9/11/2020 Fitzgerald, Jay 0.8 Compile daily media report as of 9/11 to analyze regulatory and media activity related to Intelsat. 27 9/11/2020 Hill, Frederick 0.4 Review and comment on biweekly regulatory affairs update for UCC.

27 9/13/2020 Cronkite IV, Walter 2.6 Prepare revisions to biweekly regulatory note for UCC professionals after receiving feedback and edits. 27 9/14/2020 Cronkite IV, Walter 0.8 Compile daily FCC news and filings as of 9/14 to circulate to the UCC professionals. 27 9/14/2020 Fitzgerald, Jay 0.8 Compile daily regulatory news and media report as of 9/14 to share with team. 27 9/14/2020 Hill, Frederick 1.1 Edit biweekly regulatory affairs update for UCC.

27 9/14/2020 Hill, Frederick 0.3 Provide clarification on media report about SES accelerated payments expectations and FCC September open meeting agenda included in UCC regulatory affairs update. 27 9/14/2020 Ng, William 0.5 Review draft regulatory update for the UCC, including recap of current filings re: petitions for reconsideration. 27 9/14/2020 Sandberg, Melker 0.6 Review and comment on bi-weekly regulatory update.

27 9/14/2020 Star, Samuel 0.3 Review regulatory update re: spectrum opportunities and upcoming FCC vote and list questions for team. 27 9/15/2020 Caves, Jefferson 0.3 Compile daily monitoring report for 9/15 to provide UCC with updates regarding social media attention and media coverage. 27 9/15/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/15 to circulate to the UCC professionals. 27 9/15/2020 Hill, Frederick 0.4 Prepare agenda for weekly UCC advisors call with Moelis and Milbank.

27 9/16/2020 Caves, Jefferson 0.3 Compile daily monitoring report for 9/16 to provide UCC with updates regarding media coverage. 27 9/16/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/16 to circulate to the UCC professionals. 27 9/16/2020 Fitzgerald, Jay 0.8 Compile daily regulatory and news update report as of 9/16.

27 9/16/2020 Hill, Frederick 0.6 Finalize biweekly regulatory update for UCC weekly call.

46 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 52 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 27 9/16/2020 Hill, Frederick 0.5 Attend UCC regulatory advisors call with Moelis and Milbank.

27 9/17/2020 Caves, Jefferson 0.4 Compile daily monitoring report for 9/17 to provide UCC with updates regarding regulatory developments. 27 9/17/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/17 to circulate to the UCC professionals. 27 9/17/2020 Hill, Frederick 0.3 Discuss 2021 regulatory issues outlook internally and seek clarification of C- Band formula for contributions to reimbursement payments and accelerated payments. 27 9/18/2020 Caves, Jefferson 0.3 Compile monitoring report for 9/18 to provide UCC with updates regarding media coverage and filings. 27 9/18/2020 Cronkite IV, Walter 0.4 Compile daily FCC news and filings as of 9/18 to circulate to the UCC professionals. 27 9/18/2020 Fitzgerald, Jay 0.6 Compile media report as of 9/18 to distribute to team.

27 9/20/2020 Hill, Frederick 0.8 Review House Energy and Commerce Committee 9/17/20 hearing transcript for C-Band and other relevant discussion. 27 9/21/2020 Caves, Jefferson 0.4 Compile daily 9/21 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/21/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/21 to circulate to the UCC professionals. 27 9/21/2020 Fitzgerald, Jay 0.8 Compile daily media report as of 9/21 to gauge sentiment surrounding Intelsat and the FCC. 27 9/22/2020 Caves, Jefferson 0.4 Compile daily 9/22 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/22/2020 Cronkite IV, Walter 0.5 Compile daily FCC news and filings as of 9/22 to circulate to the UCC professionals. 27 9/22/2020 Fitzgerald, Jay 0.8 Compile daily regulatory and media updates report as of 9/22 to share with team. 27 9/22/2020 Hill, Frederick 0.5 Prepare discussion agenda for regulatory advisors weekly call with Moelis and Milbank. 27 9/23/2020 Caves, Jefferson 0.5 Compile daily 9/23 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/23/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/23 to circulate to the UCC professionals. 27 9/23/2020 Fitzgerald, Jay 0.6 Compile daily regulatory developments update as of 9/23 to distribute to team. 27 9/23/2020 Hill, Frederick 0.2 Develop topics for biweekly UCC regulatory affairs update.

27 9/23/2020 Hill, Frederick 0.3 Attend regulatory advisors call with Moelis and Milbank representatives.

27 9/23/2020 Sandberg, Melker 0.4 Attend call with Milbank to discuss and analyze potential impact of regulatory happenings on the c-band clearing reimbursements and accelerated payments. 27 9/24/2020 Caves, Jefferson 0.6 Compile daily 9/24 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/24/2020 Cronkite IV, Walter 0.6 Compile daily FCC news and filings as of 9/24 to circulate to the UCC professionals.

47 of 48 Case 20-32299-KLP Doc 982 Filed 10/27/20 Entered 10/27/20 17:17:14 Desc Main Document Page 53 of 53 EXHIBIT D INTELSAT S.A., et al. - CASE NO. 20-32299 DETAIL OF TIME ENTRIES FOR THE PERIOD SEPTEMBER 1, 2020 TO SEPTEMBER 30, 2020

Task Date Professional Hours Activity Category 27 9/24/2020 Cronkite IV, Walter 1.8 Prepare draft biweekly regulatory update for UCC professionals.

27 9/24/2020 Hill, Frederick 0.2 Perform research for UCC regulatory affairs biweekly update.

27 9/25/2020 Caves, Jefferson 0.4 Compile daily 9/25 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/25/2020 Cronkite IV, Walter 0.4 Compile daily FCC news and filings as of 9/25 to circulate to the UCC professionals. 27 9/28/2020 Caves, Jefferson 0.6 Compile daily 9/28 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/28/2020 Cronkite IV, Walter 0.8 Compile daily FCC news and filings as of 9/28 to circulate to the UCC professionals. 27 9/28/2020 Hill, Frederick 1.8 Revise content on congressional situation for biweekly regulatory affairs update. 27 9/28/2020 Ng, William 0.8 Review draft regulatory update for the UCC, including summary of recent FCC filings re: Intelsat's clearing plan. 27 9/28/2020 Nicholls, Christopher 1.4 Review draft of regulatory update for UCC to provide comments to team.

27 9/28/2020 Sandberg, Melker 0.3 Review bi-weekly update on regulatory happenings for the UCC.

27 9/29/2020 Caves, Jefferson 0.5 Compile daily 9/29 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/29/2020 Cronkite IV, Walter 0.9 Compile daily FCC news and filings as of 9/29 to circulate to the UCC professionals. 27 9/29/2020 Hill, Frederick 0.4 Review FCC docket and related media items for adjustments to daily internal news distribution e-mail. 27 9/29/2020 Hill, Frederick 0.6 Prepare agenda for weekly regulatory affairs advisors call with Moelis and Milbank. 27 9/29/2020 Monse, David 0.2 Review regulatory update to understand the latest standing of the FCC and implications on the auction and clearing schedule. 27 9/30/2020 Caves, Jefferson 0.4 Compile daily 9/30 media coverage report for awareness of the UCC to provide background on evolving regulatory and political developments. 27 9/30/2020 Cronkite IV, Walter 0.7 Compile daily FCC news and filings as of 9/30 to circulate to the UCC professionals. 27 9/30/2020 Fitzgerald, Jay 0.8 Compile daily media report as of 9/30 to be included in update to team and UCC advisors. 27 9/30/2020 Hill, Frederick 0.3 Attend call with Milbank and Moelis re: regulatory affairs and relevant news updates. 27 9/30/2020 Sandberg, Melker 0.3 Attend call with Milbank to discuss regulatory happenings.

27 Total 60.8 Grand Total 1,082.1

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