Payments to Insiders and Professionals


Exhibit 10.10
 
In re
CHARYS HOLDING COMPANY, INC
 
Case No.    
08-10289 (BLS)
 
 
Debtor
 
Reporting Period:    
May 1 through 31
 

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown on the Cash Receipts and Disbursements Report (MOR-1) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

INSIDERS
 
NAME
 
TYPE OF PAYMENT
 
AMOUNT PAID
   
TOTAL PAID TO DATE
 
Billy V Ray, Jr
 
Gross Payroll
  $ 25,000     $ 87,500  
Billy V Ray, Jr
 
Car Allowance
    500       2,000  
Gable Apartments (for B Ray Jr)
 
Apartment Rental
    -       2,148  
Billy V Ray, Jr
 
TOTAL
            91,648  
                     
Michael Oyster
 
Gross Payroll
    20,833       72,917  
Michael Oyster
 
Car Allowance
    500       2,000  
Michael Oyster
 
Travel
    10,481       4,808  
Michael Oyster
 
Reimburse: ordinary business expenses
    800       800  
Michael Oyster
 
TOTAL
            80,525  
                     
Raymond Smith
 
Gross Payroll
    20,833       72,916  
Raymond Smith
 
Car Allowance
    500       2,000  
Raymond Smith
 
Reimburse: ordinary business expenses
    190       8,334  
Raymond Smith
 
Travel
    262       1,333  
Raymond Smith
 
TOTAL
            84,583  
                     
Michael Brown
 
Gross Payroll
            52,083  
                     
Alec McLarty
 
Lead Director Fees & Expenses
    21,874       51,874  
David Gergacz
 
Director Fees & Expenses
    11,108       18,670  
Dennis Hayes
 
Director Fees & Expenses
    7,703       12,919  
John Jordan
 
Director Fees & Expenses
    11,169       19,062  
                     
David Ray
 
Gross Payroll
    -       13,961  
Brandon Ray
 
Gross Payroll
    -       11,250  
                     
Ayin Tower Management
 
Affiliate Transfer Out
    -       20,300  
                     
   
TOTAL PAYMENTS TO INSIDERS
  $ 131,753     $ 456,875  
 
 
BANKRUPTCY PROFESSIONALS
 
NAME
 
DATE OF COURT ORDER AUTHORIZING EMPLOYMENT
 
AMOUNT APPROVED
   
AMOUNT PAID
   
TOTAL PAID TO DATE
   
TOTAL INCURRED & UNPAID*
 
Weil, Gotshal & Manges LLP
 
3/7/2008
    n/a     $ -     $ -     $ 864,612  
Richards, Layton & Finger , P.A.
 
3/7/2008
    n/a       -       -       68,459  
Milbank, Tweed, Hadley & McCloy
 
4/14/2008
    n/a       -       -       704,186  
Morris, Nichols, Arsht, & Tunnell L
 
Pending
    n/a       -       -       39,185  
Michael Brenner
 
3/7/2008
  $ 42,868       17,868       17,868       31,569  
AlixPartners, LLP
 
3/7/2008
    n/a       -       -       1,137,598  
                                     
Kurtzman Carson Consultants
 
2/15/2008
    n/a       -       -       29,000  
                                     
Total Payments to Bankruptcy Professionals
  n/a     $ 17,868     $ 17,868     $ 2,874,609