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Hearing Date and Time: October 17, 2012 at 10:00 a.m. (Eastern Time) Objection Deadline: October 10, 2012 at 4:00 p.m. (Eastern Time)

BERKELEY RESEARCH GROUP, LLC 201 South Main, Suite 450 Salt Lake City, Utah 84111 Telephone: (801) 364-6233 Facsimile: (801) 355-9926 Matthew K. Babcock, CPA Accountant and Financial Advisor to the Official Committee of Unsecured Creditors UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF NEW YORK In re: THE CHRISTIAN BROTHERS INSTITUTE, et al., Debtor. Chapter 11 Case No. 11-22820 (RDD) [Jointly Administered]

FIRST INTERIM APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES AS ACCOUNTANT AND FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM MAY 2, 2012 THROUGH AUGUST 31, 2012 IN THE CHAPTER 11 CASE OF THE CHRISTIAN BROTHERS INSTITUTE, ET AL.

Name of Applicant: Role in Case:

Berkeley Research Group, LLC Accountant and Financial Advisor to the Official Committee of Unsecured Creditors

Date of Retention: Period for which Compensation and Reimbursement is Sought: Amount of Compensation Sought as Actual, Reasonable and Necessary:

June 13, 2012

May 2, 2012 through August 31, 2012

$64,472.00

Amount of Expense Reimbursement Sought as Actual, Reasonable and Necessary: $1,932.84

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Total Amount Sought: Aggregate Amounts Paid to Date: Amount of Compensation Unpaid: Amount of Expenses Unpaid: Prior Applications: This is an: X Interim

$66,404.84 $0.00 $64,472.00 $1,932.84 None _____ Final Application

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BERKELEY RESEARCH GROUP, LLC 201 South Main, Suite 450 Salt Lake City, Utah 84111 Telephone: (801) 364-6233 Facsimile: (801) 355-9926 Matthew K. Babcock, CPA Accountant and Financial Advisor to the Official Committee of Unsecured Creditors UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: THE CHRISTIAN BROTHERS INSTITUTE, et al., Debtor. Chapter 11 Case No. 11-22820 (RDD) [Jointly Administered]

FIRST INTERIM APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES AS ACCOUNTANT AND FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM MAY 2, 2012 THROUGH AUGUST 31, 2012 IN THE CHAPTER 11 CASE OF THE CHRISTIAN BROTHERS INSTITUTE, ET AL. TO: THE HONORABLE ROBERT D. DRAIN UNITED STATES BANKRUPTCY JUDGE: Berkeley Research Group, LLC (BRG), accountant and financial advisor to the Official Committee of Unsecured Creditors (the Committee), the duly appointed Committee in the abovecaptioned jointly administered cases (collectively, the Cases) of The Christian Brothers Institute (CBI) and The Christian Brothers of Ireland, Inc. (CBOI and, together with CBI, the Debtors), submits this first interim application (the First Interim Application) seeking allowance of: (i) compensation for professional services rendered by BRG to the Committee in the amount of $64,472.00 and (ii) reimbursement of actual and necessary charges and disbursements incurred by BRG in the rendition of required professional services on behalf of the Committee in the amount of

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$1,932.84, for the period from May 2, 2012 through August 31, 2012 (the First Interim Period) pursuant to section 330(a) of Title 11 of the United States Code (the Bankruptcy Code), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the Bankruptcy Rules), the United States Trustee Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. 330, adopted on January 30, 1996 (the UST Guidelines), and General Order M389, Amended Guidelines for Fees and Disbursements for Professionals in Southern District of New York Bankruptcy Cases (the Local Guidelines and, collectively with the UST Guidelines, the Guidelines). In support of this First Interim Application, BRG respectfully represents as follows: BACKGROUND 8. On April 28, 2011, the Debtors filed voluntary petitions for relief under

chapter 11 of the Bankruptcy Code. The Debtors have continued in the possession of their property and have continued to operate and manage their business as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these Cases. 9. On May 11, 2011, the Office of the United States Trustee (the U.S. Trustee)

appointed the Committee pursuant to section 1102 of the Bankruptcy Code. The Committee retained Pachulski Stang Ziehl & Jones LLP (PSZJ) as counsel to represent the Committee in all matters during the pendency of the Cases. The Court has approved the Committees retention of PSZJ. 10. The purpose of these Cases is to address the Debtors liabilities for abuse

perpetrated by Christian Brothers or others for whom the Debtors are responsible. JURISDICTION AND VENUE 11. The Court has jurisdiction over this Application pursuant to 28 U.S.C. 157

and 1334. This matter is a core proceeding within the meaning of 28 U.S.C. 157(b)(2). Venue of

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this proceeding and this Application is proper in this District pursuant to 28 U.S.C. 1408 and 1409. The statutory bases for the relief requested herein are sections 328, 504, 1102and 1103 of Title 11 of the United States Code (the Bankruptcy Code) and Rules 2014 and 2016 of the Federal Rule of Bankruptcy Procedure (the Bankruptcy Rules). RETENTION OF BRG 5. On May 2, 2012, the Committee filed its Application of the Official

Committee of Unsecured Creditors for Entry of an Order Authorizing and Approving the Employment of Berkeley Research Group, LLC as Accountant and Financial Advisor to the Official Committee of Unsecured Creditors. 6. On June 13, 2012, the Court entered its Order Granting Application of the

Official Committee of Unsecured Creditors Pursuant to Fed. R. Bankr. P. 2014 for Entry of an Order Authorizing and Approving the Employment of Berkeley Research Group, LLC as Accountant and Financial Advisor to the Official Committee of Unsecured Creditors (the Employment Order). 7. Pursuant to the Employment Order, BRG has been retained with respect to

the following matters: (a) advising the Committee in the review of financial related disclosures required by the Court and/or Bankruptcy Code, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs, and Monthly Operating Reports; (b) analyzing the Debtors accounting reports and financial statements to assess the reasonableness of the Debtors financial disclosures; (c) providing forensic accounting and investigations with respect to transfers of the Debtors assets and recovery of property of the estate; (d) advising the Committee in evaluating the Debtors ownership interests of property alleged to be held in trust by the Debtors for the benefit of third parties and/or property alleged to be owned by non-debtor juridic entities; (e) advising the

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Committee in the evaluation of the Debtors organizational structure, including its relationship with the Related Entities (defined below) and other non-debtor organizations and charities; (f) advising the Committee in evaluating the Debtors cash management systems; (g) advising the Committee in analyzing the Debtors assets and liabilities; (h) advising the Committee in the review of financial information that the Debtors may distribute to creditors and others, including, but not limited to, cash flow projections and budgets, cash receipts and disbursement analyses, analyses of various asset and liability accounts, and analyses of proposed transactions for which Court approval is sought; (i) attendance at meetings and assistance in discussions with the Debtors, the Committee, the U.S. Trustee, and other parties in interest and professionals hired by the above-noted parties as requested; (j) advising in the review and/or preparation of information and analyses necessary for the confirmation of a plan, or for the objection to any plan filed in these Cases which the Committee opposes; (k) advising the Committee in investigating the assets, liabilities and financial condition of the Debtors, the Debtors operations and the desirability of the continuance of any portion of those operations; (l) advising the Committee with the evaluation and analysis of claims (including any alleged pension claims and/or obligations of the Debtors), and on any litigation matters, including, but not limited to, avoidance actions for fraudulent conveyances and preferential transfers, and actions concerning the property of the Debtors estates; (m) advising the Committee with respect to any adversary proceedings that may be filed in the Debtors Cases; (n) providing such other services to the Committee as may be necessary in these Cases; and (o) investigating the nature of the Debtors financial relationship with the Christian Brothers Foundation and Community Support Corporation (the Related Entities) in order to assess whether there is a basis to assert that the assets of the Related Entities maybe recovered for the benefit of the Debtors creditors.

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RELIEF REQUESTED 8. By this First Interim Application, BRG seeks allowance of interim

compensation for 187.9 hours of professional services rendered during the First Interim Period in the aggregate amount of $64,472.00 and for reimbursement of actual, necessary expenses incurred during the First Interim Period in connection with such services in the aggregate amount of $1,932.84. 9. All of the professional services rendered by BRG for which compensation is

requested were rendered solely in connection with these Cases and on behalf of the Committee. The services performed were necessary to the administration of the Cases and were beneficial to the Committee and the Debtors estates at the time such services were rendered. All services were performed in a reasonable amount of time commensurate with the complexity, importance, and nature of the problem, issue, or task addressed. 10. Annexed hereto as Exhibit A is a chart indicating the name of each

professional and paraprofessional who has worked on this case during the First Interim Period, the time expended by each professional or paraprofessional, his or her title, hourly rate, and fees charged. Additionally, annexed as Exhibit B is a chart that lists each work category and the number of hours expended by professionals and paraprofessionals for each such category during the First Interim Period. 11. As set forth in the attached exhibits, BRG rendered 187.9 hours of

professional services during the First Interim Period. BRG seeks (i) allowance of compensation in the amount of $64,472.00 and reimbursement of expenses in the amount of $1,932.84 and (ii) payment in the aggregate amount of $66,404.84 from the Debtor.

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COMPENSATION PAID AND ITS SOURCE 12. All services for which BRG requests compensation were performed for or on

behalf of the Committee in connection with the Debtors Cases. The sources of BRGs compensation in the Debtors Cases are the Debtors and their assets. 13. Pursuant to Rule 2016(b), there is no agreement or understanding between

BRG and any other person other than the directors of BRG for the sharing of compensation to be received for services rendered in these Cases. BRG did not receive a retainer in these Cases. SUMMARY OF SERVICES RENDERED 14. The names of the professionals and paraprofessionals of BRG who have

rendered professional services in this case during the First Interim Period are set forth in the attached Exhibit A. 15. BRG, by and through persons named in Exhibit A, has assisted with, among

other things, the identification and analysis of the Debtors assets, the appraisal of certain of the Debtors real estate holdings, the analysis and examination of the Debtors documents and records (including financial statements, bank account statements and brokerage account statements), the evaluation of the Debtors monthly operating reports, and has performed all necessary professional services which are described and narrated in detail below. SUMMARY OF SERVICES BY CATEGORY 16. The services rendered by BRG during the First Interim Period can be grouped

into the categories set forth below. BRG placed the services provided in the category that best relates to such services. However, because certain services may relate to one or more categories, services pertaining to one category may in fact be included in another category. The categories of services performed are generally described below, with a more detailed identification of the actual

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services provided set forth in Exhibit D, which identify the professionals and paraprofessionals who rendered services relating to each category, along with the number of hours for each individual and the total compensation sought for each category. A. Document Analysis (General) [Category 200] 17. Time billed to this category relates to services provided by BRG with respect

to the review and analysis of the Debtors documents. BRG personnel reviewed and agreed to the Confidentiality Agreement in order to obtain access to the Debtors documents and records. As requested by Committee counsel, BRG attended training on the Relativity document management system (Relativity). Relativity has been used by parties involved in this bankruptcy matter in order to conduct document reviews and analyses. BRG spoke periodically with Committee counsel in order to coordinate the review of documents maintained in Relativity and to discuss outstanding document review issues. Total Fees during First Interim Period: $2,562.50 B. Total hours during First Interim Period: 5.8

Document Analysis (Bankruptcy Filings / Motions) [Category 210] 18. During this First Interim Period, BRG analyzed the Debtors various

bankruptcy filings, specifically the Debtors monthly operating reports from May 2011 through May 2012, in order to monitor the Debtors post-petition financial activities, including assets and cash receipt and disbursement activity. BRG also examined other court pleadings filed by the Debtors in order to obtain information related to the Debtors historical operations.

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Total Fees during First Interim Period: $1,974.00 C.

Total hours during First Interim Period: 4.2

Document Analysis (Financial) [Category 220] 19. Time billed to this category relates to services provided by BRG with respect

to the preliminary analysis of the Debtors financial documents and records, including those financial documents maintained in Relativity. BRG reviewed Relativity and identified audited / compiled financial statements (and related notes and supplemental information) for the following eight entities: (a) The Christian Brothers Institute [1954, 1956 1958, 1965, 1967 1971, 1996 2009]; (b) The Administrative Offices Of The Christian Brothers Eastern American Province [1972 1995]; (c) The Christian Brothers Of Ireland, Inc. [1967, 1969, 1990 2009]; (d) The Christian Brothers Foundation [1997 2011]; (e) Community Support Corporation [1990 2004, 2006]; (f) Congregation Of Christian Brothers Brother Rice Provincialate [1983 & 1984], (g) Mount Sion Community, Inc. [2006 2010]; and (h) Briscoe Memorial School [1950 1952, 1962, 1965 1967, 1970]. As part of its preliminary analysis, BRG prepared an inventory detailing all financial statements identified to date, including entity name, auditor / accountant, time period and Relativity control numbers. 20. Pursuant to Committee counsel request, BRG also examined documents

produced and uploaded to Relativity related to Community Support Corporation, including formation documents, board of directors minutes, financial statements, bank and brokerage account statements, tax records and insurance records. 21. BRGs preliminary financial statement analysis will be used throughout the

pendency of these cases, including in its analysis of the Debtors assets, potential adversary proceedings and other potential litigation matters.

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Total Fees during First Interim Period: $12,504.50 D. Asset Analysis (General) [Category 300] 22.

Total hours during First Interim Period: 35.8

Time billed to this category relates to services provided by BRG with respect

to the identification and analysis of the Debtors assets. As previously discussed, BRG performed a preliminary analysis of financial statements and related documents. This preliminary analysis allowed for a focused examination of the Debtors assets as detailed in said financial statements and allowed BRG to assist Committee counsel in determining if all potential assets had been disclosed. BRG specifically analyzed financial statements for The Christian Brothers Institute and The Christian Brothers of Ireland, Inc. for the time period covering 2000 through 2011. As part of this analysis, BRG examined historical trends and percentage changes occurring in line items reported in the Debtors financial statements in order to identify areas requiring additional, detailed analysis. Total Fees during First Interim Period: $4,724.00 E. Total hours during First Interim Period: 14.2

Asset Analysis (Bank & Brokerage Accounts) [Category 305] 23. Time billed to this category relates to services provided by BRG with respect

to the Debtors bank and brokerage accounts. Using Relativity, BRG identified approximately 55 individual bank and brokerage accounts (historical and current) maintained at no less than 13 different institutions by the following entities: (a) The Christian Brothers Institute; (b) The Christian Brothers Foundation; (c) Community Support Corporation; and (d) Congregation of Christian Brothers. As part of its preliminary analysis, BRG prepared an inventory detailing all bank and brokerage accounts identified to date, including entity name, bank / brokerage name, account number, time period and Relativity control numbers.

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Total Fees during First Interim Period: $2,337.50 F.

Total hours during First Interim Period: 8.5

Asset Analysis (Real Property) [Category 325] 24. Time during this First Interim Period was incurred by BRG in analyzing the

Debtors real property holdings. Pursuant to Committee counsel request, BRG analyzed financial issues related to the auction of Iona Grammar School in New Rochelle, NY. BRG analyzed the financial components of an $8.5 million purchase offer received from Iona Preparatory School (Iona Prep). Iona Preps offer included $5 million cash and a $3.5 million note payable over a 25 year period. BRG discussed its analysis with Committee counsel. BRG also attended the Iona Grammar School auction in August 2012 in response to Committee counsels request and in order to assist with any financial-related analyses or questions. Total Fees during First Interim Period: $5,743.00 G. Total hours during First Interim Period: 11.0

Asset Analysis (Real Property - Appraisal) [Category 330] 25. Time billed to this category relates to real property appraisal services provided

by BRG. Pursuant to Committee counsel request, BRG evaluated the subject property, All Hallows High School (All Hallows), located at 111 E 164th Street, Bronx, NY, 10452. As part of its evaluation, BRG performed the following services: (a) reviewed documentation pertaining to All Hallows and its history; (b) inspected All Hallows and the surrounding neighborhood; (c) analyzed the neighborhood and relevant market conditions; (d) researched information pertaining to zoning, and legal and physical characteristics of All Hallows; (e) determined the highest and best use of All Hallows; (f) researched and analyzed comparable improved sales; (g) inspected potential comparable sales to be used in the sales comparison approach; (h) developed and applied the sales comparison approach to value; (i) estimated the market value of the fee simple

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estate of All Hallows; (j) prepared an expert report detailing findings and opinions; and (k) evaluated a separate appraisal report received from Debtors counsel in order to assist Committee counsel in preparing for an August 2012 hearing. 26. BRG evaluated numerous items that pertained to (a) All Hallows, (b) the neighborhood and region, and (c) the market. Some of the items evaluated by BRG included population and job growth, real estate supply and demand factors, and analyses of the highest and best use of All Hallows. Highest and best use in this mater involved an analysis of whether market value was higher for All Hallows as a vacant site or as improved with a continuation of the school use. This analysis required research of comparable land sales and demolition costs, and comparable school building sales. In addition to the highest and best use analysis, BRG performed a sales comparison analysis, which required careful consideration and analysis of sales data in order to estimate market value. BRG conducted a field inspection of All Hallows and potential comparable properties in early July 2012. Total Fees during First Interim Period: $31,109.00 H. Billable Travel [Category 960] 27. In order to properly perform its services to the Committee (specifically the Total hours during First Interim Period: 88.3

real property appraisal services previously discussed), BRG was required to travel to New York City, NY from Salt Lake City, UT. It is BRGs policy to charge its clients in all areas of practice for travel time; however, BRG is conscious of the billings related to travel. The hourly rates charged for all travel time were one-half the normal hourly billing rates. Total Fees during First Interim Period: $3,517.50 Total hours during First Interim Period: 20.1

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EXPENSES INCURRED BY BRG 28. Section 330 of the Bankruptcy Code authorizes reimbursement for actual,

necessary expenses incurred by professionals employed under section 327 of the Bankruptcy Code. The total amount of the requested expenses incurred by BRG during the First Interim Period is $1,932.84, as summarized in the attached Exhibit C, and as detailed in the attached Exhibit D. As set forth above, BRG seeks reimbursement for expenses incurred in rendering services to the Committee during the First Interim Period in the amount of $1,932.84. The majority of the expenses incurred relate to actual expenses incurred by BRG professionals in connection with the travel to New York City that was required to carry out its services. THE REQUESTED COMPENSATION SHOULD BE ALLOWED 29. Section 330 of the Bankruptcy Code provides that the Court may award a

professional person employed under section 327 or 1103 of the Bankruptcy Code: a. reasonable compensation for actual, necessary services rendered by the trustee, examiner, professional person, or attorney and by any paraprofessional person employed by any such person; and b. reimbursement for actual, necessary expenses. 11 U.S.C. 330(a)(1). 30. In determining the amount of reasonable compensation to be awarded, the

Court shall consider the nature, the extent, and the value of such services, taking into account all relevant factors, including: a. the time spent on such services; b. the rates charged for such services; c. whether the services were necessary to the administration of, or beneficial at the time the service was rendered toward the completion of, a case under this title;

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d. whether the services were performed within a reasonable amount of time commensurate with the complexity, importance, and nature of the problem, issue, or task addressed; e. with respect to a professional person, whether the person is board certified or otherwise has demonstrated skill and experience in the bankruptcy field; and f. whether the compensation is reasonable, based on the customary compensation charged by comparably skilled practitioners in cases other than cases under this title. 11 U.S.C. 330(a)(3)(A)-(F). 31. BRG respectfully submits that it has satisfied the requirements for the

allowance of the compensation and reimbursement of expenses sought herein. The services described above, at the time they were provided, were necessary and beneficial to the Committee. BRGs services were consistently performed in a timely manner, commensurate with the complexity of the issues facing the Committee and the nature and importance of the problem, issues, and tasks. Furthermore, the compensation sought by BRG is reasonable because it is based on the customary compensation charged by comparably skilled practitioners outside of bankruptcy. 32. BRG has assigned professionals to tasks commensurate with their level of

experience and has avoided the unnecessary duplication of services rendered which required independent judgment and decision-making. BRG requests no compensation for services which represent charges normally associated with BRGs overhead. 33. is warranted. NOTICE 34. Notice of this First Interim Application and its exhibits will be given to: (i) Accordingly, approval of the compensation and reimbursement sought herein

counsel to the Debtors; (ii) the U.S. Trustee; (iii) counsel to the Committee; and (iv) other parties entitled to receive notice. BRG respectfully submits that no other or further notice is required.

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CONCLUSION WHEREFORE, BRG respectfully requests that the Court enter an order (i) allowing interim compensation of $64,472.00 to BRG for professional services rendered as accountant and financial advisor to the Committee during the First Interim Period, plus reimbursement of actual and necessary charges and disbursements incurred in the sum of $1,932.84 in connection with BRGs services during the First Interim Period; (ii) authorizing the Debtor to pay to BRG any and all unpaid amounts for the First Interim Period in the amount of $66,404.84; and (iii) granting to BRG such other and further relief as the Court may deem proper.

Dated: Salt Lake City, Utah September 14, 2012

BERKELEY RESEARCH GROUP, LLC /s/ Matthew K. Babcock Matthew K. Babcock, CPA 201 South Main, Suite 450 Salt Lake City, Utah 84111 Telephone: (801) 364-6233 Facsimile: (801) 355-9926 Accountant and Financial Advisor to the Official Committee of Unsecured Creditors

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Exhibit A
PROFESSIONAL SERVICES - TIMEKEEPER SUMMARY

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EXHIBIT A

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIMEKEEPER SUMMARY 2012 RATE

THE CHRISTIAN BROTHERS' INSTITUTE

TIMEKEEPER Director Paul Shields Principal Darren Mills Carl Dietz Carl Dietz (Travel Rate) Senior Managing Consultant Matt Babcock Leif Larsen Managing Consultant Garrit Dahl Paraprofessional Chelsea McManus TOTALS $

HOURS

AMOUNT

625.00

0.6

375.00

550.00 350.00 175.00

6.0 86.6 20.1

3,300.00 30,310.00 3,517.50

470.00 425.00

36.3 0.6

17,061.00 255.00

275.00

33.5

9,212.50

105.00

4.2 187.9 $

441.00 64,472.00

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Exhibit B
PROFESSIONAL SERVICES - TASK CODE SUMMARY

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EXHIBIT B

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TASK CODE SUMMARY TASK CODE 200.00 210.00 220.00 300.00 305.00 325.00 330.00 960.00 AVERAGE RATE $ 441.81 470.00 349.29 332.68 275.00 522.09 352.31 175.00

THE CHRISTIAN BROTHERS' INSTITUTE

DESCRIPTION Document Analysis (General) Document Analysis (Bankruptcy Filings / Motions) Document Analysis (Financial) Asset Analysis (General) Asset Analysis (Bank & Brokerage Accounts) Asset Analysis (Real Property) Asset Analysis (Real Property - Appraisal) Billable Travel Total Professional Services

HOURS 5.8 4.2 35.8 14.2 8.5 11.0 88.3 20.1 187.9 $

AMOUNT 2,562.50 1,974.00 12,504.50 4,724.00 2,337.50 5,743.00 31,109.00 3,517.50 64,472.00

$ 343.12

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Exhibit C
EXPENSES - SUMMARY

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EXHIBIT C

May 2, 2012 through August 31, 2012 EXPENSES - SUMMARY EXPENSE CATEGORY Express Messenger Licensing Travel - Airfare Travel - Lodging Travel - Meals Travel - Other Transportation Total Expenses $

THE CHRISTIAN BROTHERS' INSTITUTE

AMOUNT 31.58 125.00 677.20 463.70 41.63 593.73 1,932.84

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Exhibit D
PROFESSIONAL SERVICES - TIME DESCRIPTIONS EXPENSES - DETAIL

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE TIMEKEEPER DESCRIPTION Document Analysis (General) Examined confidentiality agreement and followed-up on related document review issues. Examined and organized case documents and records. Prepared for and participated in conference call with Committee Counsel in order to discuss document analysis and other related case issues. Examined documents on Relativity site. Attended Relativity training. Participated in Relativity training session. Attended training for Relativity document review program. Discussed document review with Committee Counsel. Spoke with Committee Counsel in regard to Relativity / document review. Spoke with Committee Counsel regarding documents produced by Community Support Corporation and additional documents / data to be requested and followed-up on related issues. Examined case documents and related correspondence. Total for Task Code 200.00 Task Code: 210.00 05/04/12 05/04/12 05/07/12 05/07/12 05/14/12 05/14/12 05/17/12 07/02/12 M Babcock M Babcock M Babcock M Babcock M Babcock M Babcock M Babcock M Babcock Document Analysis (Bankruptcy Filings / Motions) Examined CBI Monthly Operating Reports from May 2011 through March 2012. Examined CBOI Monthly Operating Reports from May 2011 through March 2012. Continued examination of CBI Monthly Operating Reports from May 2011 through March 2012. Continued examination of CBOI Monthly Operating Reports from May 2011 through March 2012. Examined CBI Monthly Operating Reports for April Examined CBOI Monthly Operating Reports for April 2012. Reviewed court pleadings discussing Debtors' history and operations. Examined May 2012 Monthy Opeating Reports for CBI and CBOI. Total for Task Code 210.00 1.0 0.6 0.5 0.3 0.3 0.2 0.9 0.4 4.2 $ 470.00 470.00 470.00 470.00 470.00 470.00 470.00 470.00 $ $ 470.00 282.00 235.00 141.00 141.00 94.00 423.00 188.00 1,974.00 0.5 0.3 0.6 $ 470.00 470.00 470.00 $ 235.00 141.00 282.00 HOURS RATE AMOUNT

THE CHRISTIAN BROTHERS' INSTITUTE

Task Code: 200.00 05/10/12 05/10/12 05/14/12 M Babcock M Babcock M Babcock

05/17/12 05/18/12 05/18/12 05/18/12 05/21/12 05/30/12 07/27/12

M Babcock M Babcock L Larsen G Dahl M Babcock M Babcock M Babcock

1.7 0.7 0.6 0.7 0.1 0.2 0.3

470.00 470.00 425.00 275.00 470.00 470.00 470.00

799.00 329.00 255.00 192.50 47.00 94.00 141.00

07/31/12

M Babcock

0.1 5.8

470.00 $

47.00 2,562.50

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE TIMEKEEPER DESCRIPTION Document Analysis (Financial) Analyzed financial statement data from 1998 through 2010. Examined financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Examined financial records from Relativity document productions. Continued examination of financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Examined financial statements for Christian Brothers Institute. Continued examination of financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Examined financial statements for Mount Sion Community Inc. Examined financial statements for Christian Brothers of Ireland. Examined financial statements for Briscoe Memorial School. Examined financial statements for Christian Brothers Foundation. Examined financial statements for Brother Rice Provicialate. Continued examination of financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Continued examination of financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Compiled Briscoe Memorial School financial statements. Compiled Brother Rice Provincialate financial Compiled Christian Brothers Foundation financial statements. Continued examination of financial documents (including financial statements, account statements, etc.) uploaded to Relativity site. Compiled Christian Brothers Institute financial statements. Compiled Christian Brothers of Ireland Inc financial statements. 0.6 1.6 $ 470.00 470.00 $ 282.00 752.00 HOURS RATE AMOUNT

THE CHRISTIAN BROTHERS' INSTITUTE

Task Code: 220.00 05/11/12 05/18/12 M Babcock M Babcock

05/18/12 05/21/12

G Dahl M Babcock

1.1 0.7

275.00 470.00

302.50 329.00

05/21/12 05/22/12

G Dahl M Babcock

4.2 0.1

275.00 470.00

1,155.00 47.00

05/22/12 05/23/12 05/23/12 05/24/12 05/24/12 05/29/12

G Dahl G Dahl G Dahl G Dahl G Dahl M Babcock

1.7 2.7 1.6 2.3 0.7 4.1

275.00 275.00 275.00 275.00 275.00 470.00

467.50 742.50 440.00 632.50 192.50 1,927.00

05/30/12

M Babcock

2.7

470.00

1,269.00

05/30/12 05/30/12 05/30/12 05/31/12

C McManus C McManus C McManus M Babcock

0.4 0.3 1.3 1.7

105.00 105.00 105.00 470.00

42.00 31.50 136.50 799.00

05/31/12 05/31/12

C McManus C McManus

0.5 0.7

105.00 105.00

52.50 73.50

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE 05/31/12 05/31/12 07/26/12 TIMEKEEPER C McManus C McManus M Babcock DESCRIPTION Compiled Christian Brothers-Eastern American Province financial statements. Compiled Mount Sion Community Inc financial statements. Examined documents produced by Community Support Corporation (including financial statements, account statements and other financial documents). Examined financial statements from 1990 - 2006 produced by Community Support Corporation. Examined bank and brokerage account statements produced by Community Support Corporation. Examined formation documents produced by Community Support Corporation. Examined tax documents produced by Community Support Corporation. Examined board of directors documents produced by Community Support Corporation. Examined insurance documents produced by Community Support Corporation. Total for Task Code 220.00 Task Code: 300.00 05/31/12 05/31/12 06/01/12 06/01/12 06/01/12 06/01/12 06/01/12 06/01/12 06/01/12 06/01/12 M Babcock M Babcock G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl Asset Analysis (General) Analyzed historical statement of financial position (balance sheet) activity for CBI from 2000 - 2009. Analyzed historical statement of activities (income statement) activity for CBI from 2000 - 2009. Analyzed 2002 Christian Brothers Institute financial statements. Analyzed 2003 Christian Brothers Institute financial statements. Analyzed 2004 Christian Brothers Institute financial statements. Analyzed 2005 Christian Brothers Institute financial statements. Analyzed 2006 Christian Brothers Institute financial statements. Analyzed 2007 Christian Brothers Institute financial statements. Analyzed 2008 Christian Brothers Institute financial statements. Analyzed 2009 Christian Brothers Institute financial statements. 1.1 0.9 0.4 0.3 0.4 0.4 0.4 0.3 0.4 0.4 $ 470.00 470.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 $ 517.00 423.00 110.00 82.50 110.00 110.00 110.00 82.50 110.00 110.00 HOURS 0.7 0.3 0.7 RATE 105.00 105.00 470.00 AMOUNT 73.50 31.50 329.00

THE CHRISTIAN BROTHERS' INSTITUTE

07/27/12 07/27/12 07/27/12 07/27/12 07/27/12 07/27/12

M Babcock M Babcock M Babcock M Babcock M Babcock M Babcock

1.7 2.0 0.4 0.4 0.5 0.1 35.8

470.00 470.00 470.00 470.00 470.00 470.00 $

799.00 940.00 188.00 188.00 235.00 47.00 12,504.50

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE 06/04/12 06/04/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/11/12 06/20/12 06/21/12 06/27/12 06/27/12 06/27/12 TIMEKEEPER M Babcock M Babcock G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl M Babcock M Babcock M Babcock G Dahl G Dahl DESCRIPTION Analyzed historical statement of financial position (balance sheet) activity for CBI from 2000 - 2009. Analyzed historical statement of activities (income statement) activity for CBI from 2000 - 2009. Analyzed 2000 Christian Brothers Foundation financial statements. Analyzed 2001 Christian Brothers Foundation financial statements. Analyzed 2002 Christian Brothers Foundation financial statements. Analyzed 2003 Christian Brothers Foundation financial statements. Analyzed 2004 Christian Brothers Foundation financial statements. Analyzed 2005 Christian Brothers Foundation financial statements. Analyzed 2006 Christian Brothers Foundation financial statements. Analyzed 2007 Christian Brothers Foundation financial statements. Analyzed 2008 Christian Brothers Foundation financial statements. Analyzed 2009 Christian Brothers Foundation financial statements. Analyzed activity detailed in CBI and CBF historical financial statements. Analyzed CBI and CBF historical financial statements and provided preliminary findings to Committee Analyzed CBF historical financial statements and discussed related analysis with staff. Analyzed 2010 Christian Brothers Foundation financial statements. Analyzed 2011 Christian Brothers Foundation financial statements. Total for Task Code 300.00 Task Code: 305.00 05/25/12 05/25/12 G Dahl G Dahl Asset Analysis (Bank & Brokerage Accounts) Analyzed Bank of New York accounts for Christian Brothers Foundation. Analyzed Charles Schwab accounts for Christian Brothers Foundation. 0.7 0.2 $ 275.00 275.00 $ 192.50 55.00 HOURS 0.1 0.1 0.6 0.5 0.5 0.5 0.6 0.5 0.5 0.6 0.5 0.5 1.4 0.3 0.3 0.8 0.9 14.2 RATE 470.00 470.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 470.00 470.00 470.00 275.00 275.00 $ AMOUNT 47.00 47.00 165.00 137.50 137.50 137.50 165.00 137.50 137.50 165.00 137.50 137.50 658.00 141.00 141.00 220.00 247.50 4,724.00

THE CHRISTIAN BROTHERS' INSTITUTE

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE 05/25/12 05/25/12 05/25/12 05/25/12 05/25/12 05/25/12 05/25/12 05/30/12 05/30/12 05/30/12 05/30/12 05/30/12 05/30/12 05/30/12 05/30/12 TIMEKEEPER G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl G Dahl DESCRIPTION Analyzed Chase Bank accounts for Christian Brothers Foundation. Analyzed Christian Brothers Investment Services Inc accounts for Christian Brothers Foundation. Analyzed Gabelli & Company accounts for Christian Brothers Foundation. Analyzed HSBC Bank accounts for Christian Brothers Foundation. Analyzed Religious Communities Trust accounts for Christian Brothers Foundation. Analyzed SEI Investments accounts for Christian Brothers Foundation. Analyzed Smith Barney Citigroup accounts for Christian Brothers Foundation. Analyzed Bank of New York accounts for Christian Brothers Institute. Analyzed Christian Brothers Investment Services accounts for Christian Brothers Institute. Analyzed Country Bank accounts for Christian Brothers Institute. Analyzed Religious Communities Trust accounts for Christian Brothers Institute. Analyzed Smith Barney Citigroup accounts for Christian Brothers Institute. Analyzed Wachovia Bank accounts for Christian Brothers Institute. Analyzed Wells Fargo Bank accounts for Christian Brothers Institute. Analyzed Catholic United Investment Trust accounts. Total for Task Code 305.00 Task Code: 325.00 05/04/12 05/07/12 05/07/12 05/07/12 M Babcock M Babcock M Babcock M Babcock Asset Analysis (Real Property) Examined Committee Objection related to use of real estate sales proceeds to pay ordinary course Spoke with Committee Counsel in regard to Committee Objection and review of financial data / information. Examined CBI statements and schedules in conjunction with analysis of Committee Objection. Examined CBOI statements and schedules in conjunction with analysis of Committee Objection. 0.5 0.6 0.4 0.3 $ 470.00 470.00 470.00 470.00 $ 235.00 282.00 188.00 141.00 HOURS 0.5 0.2 0.2 0.2 1.2 0.2 0.2 2.1 0.7 0.2 0.2 0.9 0.2 0.2 0.4 8.5 RATE 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 $ AMOUNT 137.50 55.00 55.00 55.00 330.00 55.00 55.00 577.50 192.50 55.00 55.00 247.50 55.00 55.00 110.00 2,337.50

THE CHRISTIAN BROTHERS' INSTITUTE

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE 06/26/12 TIMEKEEPER M Babcock DESCRIPTION Analyzed proposed sales transaction involving Rochelle property and discussed related issues with Committee Counsel and Director. Evaluated factors, for consideration by counsel, relating to the market value of a promissory note offered in the context of a real estate transaction. Coordinated availability of NY professional for attendance at auction and participated in conference call regarding same. Met with Committee Counsel related to auction of New Rochelle property by CBI. Total for Task Code 325.00 Task Code: 330.00 06/01/12 06/04/12 06/08/12 06/11/12 06/19/12 06/19/12 06/20/12 06/25/12 06/25/12 06/25/12 06/26/12 06/26/12 06/26/12 06/26/12 06/27/12 06/27/12 06/27/12 06/28/12 06/28/12 06/28/12 06/28/12 06/29/12 06/29/12 06/29/12 M Babcock M Babcock M Babcock M Babcock C C C C C C C C C C C C C C C C C C C C Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Asset Analysis (Real Property - Appraisal) Assisted Committee Counsel in identifying potential real estate appraisers. Assisted Committee Counsel in identifying potential real estate appraisers. Spoke with real estate appraiser. Forwarded confidentiality agreement and attorney / firm listing to real estate appraiser. Collected data. Reviewed case materials. Reviewed case materials. Collected data. Researched case and industry information. Analyzed economic data. Analyzed economic data. Collected data. Researched case and industry information. Organized information to facilitate expert analysis. Collected data. Organized information to facilitate expert analysis. Researched case and industry information. Collected data. Prepared expert report. Analyzed economic data. Researched case and industry information. Researched case and industry information. Analyzed economic data. Prepared expert report. 1.1 0.2 0.2 0.2 2.8 0.6 1.4 2.7 2.2 2.4 2.3 2.4 2.1 1.9 2.9 2.2 2.6 2.7 2.9 2.3 0.8 1.8 2.1 2.3 $ 470.00 470.00 470.00 470.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 $ 517.00 94.00 94.00 94.00 980.00 210.00 490.00 945.00 770.00 840.00 805.00 840.00 735.00 665.00 1,015.00 770.00 910.00 945.00 1,015.00 805.00 280.00 630.00 735.00 805.00 HOURS 1.8 RATE 470.00 AMOUNT 846.00

THE CHRISTIAN BROTHERS' INSTITUTE

06/26/12

P Shields

0.6

625.00

375.00

08/01/12

M Babcock

0.8

470.00

376.00

08/07/12

D Mills

6.0 11.0

550.00 $

3,300.00 5,743.00

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EXHIBIT D

May 2, 2012 through August 31, 2012 PROFESSIONAL SERVICES - TIME DESCRIPTIONS DATE 07/01/12 07/05/12 07/06/12 07/09/12 07/10/12 07/13/12 07/16/12 07/19/12 07/19/12 07/19/12 07/20/12 07/20/12 07/20/12 07/23/12 07/23/12 07/23/12 07/24/12 07/25/12 07/30/12 08/03/12 TIMEKEEPER C C C C C C C C C C C C C C C C C C C C Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz Dietz DESCRIPTION Analyzed economic data. Analyzed economic data. Researched case and industry information. Met with All Hallows representative and counsel to inspect Subject Property. Researched case and industry information. Analyzed economic data. Prepared expert report. Prepared expert report. Analyzed economic data. Researched case and industry information. Prepared expert report. Analyzed economic data. Researched case and industry information. Conversation with counsel regarding report. Prepared expert report. Researched case and industry information. Prepared expert report. Prepared expert report. Reviewed case materials. Reviewed case materials. Total for Task Code 330.00 Task Code: 960.00 07/08/12 07/09/12 07/09/12 07/11/12 C Dietz C Dietz C Dietz C Dietz Billable Travel Traveled to NYC from Salt Lake City. Traveled to inspect Subject Property. Traveled to four of the Boroughs to inspect potential comparable sales. Traveled to Salt Lake City from NYC. Total for Task Code 960.00 Total Professional Services 7.9 0.7 4.2 7.3 20.1 187.9 $ 175.00 175.00 175.00 175.00 $ $ $ 1,382.50 122.50 735.00 1,277.50 3,517.50 64,472.00 HOURS 1.1 2.6 1.9 2.2 0.7 1.8 1.3 3.2 2.7 2.8 3.6 2.9 1.8 0.4 3.6 3.6 3.1 1.8 1.3 0.8 88.3 RATE 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 $ AMOUNT 385.00 910.00 665.00 770.00 245.00 630.00 455.00 1,120.00 945.00 980.00 1,260.00 1,015.00 630.00 140.00 1,260.00 1,260.00 1,085.00 630.00 455.00 280.00 31,109.00

THE CHRISTIAN BROTHERS' INSTITUTE

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EXHIBIT D

May 2, 2012 through August 31, 2012 EXPENSES - DETAIL DATE Express Messenger 05/29/12 06/30/12

THE CHRISTIAN BROTHERS' INSTITUTE

DESCRIPTION

AMOUNT

Express Messenger - Federal Express. Express Messenger - Federal Express. Total Express Messenger

$ $

16.72 14.86 31.58

Licensing 06/19/12 Temporary NY appraisal license for C Dietz in order to appraise All Hallows $ Catholic High School. Total Licensing Travel - Airfare 07/02/12 Roundtrip airfare from Salt Lake City to Newark Airport for C Dietz in order $ to inspect All Hallows Catholic High School and potential comparables. Total Travel - Airfare Travel - Lodging 07/11/12 Two nights lodging for C Dietz (July 8th and 9th) during trip to inspect All Hallows High School and potential comparable sales. Total Travel - Lodging Travel - Meals 07/08/12 07/09/12 07/11/12 07/11/12 Lunch for C Dietz during travel from SLC to NYC. $ Lunch for C Dietz during inspection of All Hallows Catholic High School and potential comparable sales. Breakfast for C Dietz at Newark Airport for trip from NYC to SLC. Lunch for C Dietz at Denver International Airport during trip from NYC to SLC. Total Travel - Meals $ 11.25 10.00 8.82 11.56 41.63 $ $ 463.70 463.70 $ 677.20 $ 125.00 125.00

677.20

Travel - Other Transportation 07/08/12 07/09/12 07/09/12 Car Service in NYC for C Dietz from Newark Airport to Manhattan (including fare, tolls, tax, and tip). Taxi in NYC for C Dietz. Taxi in NYC for C Dietz. $ 86.14 8.00 7.00

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EXHIBIT D

May 2, 2012 through August 31, 2012 EXPENSES - DETAIL DATE 07/09/12 07/09/12 07/11/12

THE CHRISTIAN BROTHERS' INSTITUTE

DESCRIPTION Car Service in NYC for C Dietz during inspection of potential comparable sales (including fare, tolls, tax, and tip). Car Service in NYC for C Dietz from hotel in Manhattan to inspect All Hallows High School in the Bronx (including fare, tolls, tax, and tip). Car Service in NY for C Dietz for travel from hotel in Manhattan to Newark Airport (including fare, tolls, tax, and tip). Total Travel - Other Transportation Total Expenses $ $

AMOUNT 334.93 69.32 88.34

593.73 1,932.84

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Exhibit E
Certification of Matthew K. Babcock

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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: THE CHRISTIAN BROTHERS INSTITUTE, et al., Debtor. CERTIFICATION UNDER GUIDELINES FOR FEES AND DISBURSEMENTS FOR PROFESSIONALS IN RESPECT OF FIRST INTERIM APPLICATION OF BRG, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES AS ACCOUNTANT AND FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM MAY 2, 2012 THROUGH AUGUST 31, 2012 IN THE CHAPTER 11 CASE OF THE CHRISTIAN BROTHERS INSTITUTE, ET AL. I, Matthew K. Babcock, hereby certify that: 1. I am a senior managing consultant with the applicant firm of BRG, LLC Chapter 11 Case No. 11-22820 (RDD) [Jointly Administered]

(BRG), accountant and financial advisor for the Official Committee of Unsecured Creditors (the Committee), the duly appointed committee in the above-captioned cases (the Cases) of The Christian Brothers Institute (CBI) and The Christian Brothers of Ireland, Inc. (CBOI and, together with CBI, the Debtors). I submit this certification with respect to BRGs compliance with the United States Trustee Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. 330, adopted on January 30, 1996 (the UST Guidelines) and General Order M-389, Amended Guidelines for Fees and Disbursements for Professionals in Southern District of New York Bankruptcy Cases adopted by the Court on November 25, 2009 (the Local Guidelines and, collectively the UST Guidelines, the Guidelines). 2. This Certification is made in connection with the First Interim Application of

Berkeley Research Group, LCC for Compensation for Services Rendered and Reimbursement of

2
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Expenses as Accountant and Financial Advisor to the Official Committee of Unsecured Creditors for the Period from May 2, 2011 Through August 31, 2012 in the Chapter 11 Case of The Christian Brothers Institute, et al.. (the First Interim Application) in accordance with the Local Guidelines. 3. Neither I nor any employee of my firm has entered into any agreement, written or

oral, express or implied, with the Office of the United States Trustee (the U.S. Trustee), with the Committee, with the Debtors, with any creditor or any other party in interest, or with any attorney of such person, for the purpose of fixing the amount of any of the fees or other compensation to be allowed out of or paid from the assets of the Debtors. 4. No agreement or understanding exists concerning the division of fees that is

prohibited by section 504 of Title 11 of the United States Code. 5. I certify that: (i) I have read the First Interim Application; (ii) to the best of my

knowledge, information, and belief formed after reasonable inquiry, the fees and disbursements sought fall within the Guidelines; (iii) the fees and disbursements sought are billed at rates in accordance with those customarily charged by BRG and generally accepted by BRGs clients; and (iv) in providing a reimbursable service, BRG does not make a profit on that service, whether the service is performed by BRG in-house or through a third party.

3
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6.

Counsel to the Debtors, counsel to the Committee, and the U.S. Trustee are being

served with a copy of the First Interim Application. Dated: Salt Lake City, Utah September 14, 2012 BERKELEY RESEARCH GROUP, LLC /s/ Matthew K. Babcock Matthew K. Babcock 201 South Main, Suite 450 Salt Lake City, Utah 84111 Telephone: (801) 364-6233 Facsimile: (801) 355-9926 Accountant and Financial Advisor to the Official Committee of Unsecured Creditors

4
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