1

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re:

KARMALOOP, INC., et al., 1

Debtors.

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Chapter 11

Case No. 15- 10635 (MFW)

(Jointly Administered)

Related D.I. 83

SUPPLEMENTAL DECLARATION OF BRIAN DAVIES IN SUPPORT OF THE

MOTION OF THE DEBTORS PURSUANT TO 11 U.S.C. §§ 105(a) AND 363(b)

TO (I) RETAIN CRS CAPSTONE PARTNERS, LLC TO PROVIDE THE DEBTORS A

CHIEF RESTRUCTURING OFFICER AND CERTAIN ADDITIONAL PERSONNEL,

AND (II) DESIGNATE BRIAN DAVIES AS DEBTORS’

CHIEF RESTRUCTURING OFFICER

I, Brian Davies, being duly sworn according to law, depose and state that:

1. I am a Managing Director of the firm of CRS Capstone Partners, LLC

(“Capstone”), with its principal offices located at 176 Federal Street, Boston, Massachusetts. I

submit this supplemental declaration in further support of the entry of an order authorizing (i) the

retention of Capstone to provide the above captioned debtors and debtors-in-possession (the

“Debtors”) a CRO, and (ii) the Debtors to designate me as CRO for the Debtors in these chapter

11 cases (the “Chapter 11 Cases”), pursuant to sections 105(a) and 363 of title 11 of the United

States Code, 11 U.S.C. §§ 101–1532 (as amended, the “Bankruptcy Code”) [Docket No. 83] (the

“Motion”). Except as otherwise noted, I have personal knowledge of the matters set forth herein.

2. In connection with the Motion, I caused Capstone and its staff to review its

existing list of clients to ensure that we held no interests adverse to those of the Debtors, using as

1 The Debtors and the last four digits of their respective federal taxpayer identification numbers are as

follows: Karmaloop, Inc. - 3934; KarmaloopTV, Inc. – 8230. The Debtors’ address is 334 Boylston Street,

Suite 500, Boston, MA 02116.

Case 15-10635-MFW Doc 177 Filed 04/30/15 Page 1 of 2

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guidance the requirements of the Bankruptcy Code, the Bankruptcy Rules, and the Del. Bankr. L.

Rules regarding the retention of estate professionals by debtors.

3. In connection with its proposed retention by the Debtors in these Bankruptcy

Cases, Capstone submitted the names of the individuals or entities identified on Exhibit A (the

“Parties-in-Interest”) attached hereto for review in the computerized conflict database system

maintained by Capstone. In addition to the computerized conflict check, each Capstone partner

reviewed the Parties-in-Interest list against their current and former client list for any potential

conflict. Through this conflict check process, Capstone has confirmed that it does not have any

prior or current representations of the Parties-in-Interest. On that basis, I believe Capstone and

myself to be “disinterested persons” within the meaning of Bankruptcy Code section 101(14).

4. Notwithstanding my efforts to identify and disclose all of my and Capstone’s

potential connections with any parties in interest in these Chapter 11 Cases, because the Debtors’

investors, customers, and operations are broad and multifaceted, I am unable to state with

certainty that every client relationship or other connection has been disclosed. In this regard, if I

discover additional material connections that require disclosure, I (or Capstone) will file a

supplemental disclosure with the Court.

Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury that the foregoing

is true and correct.

Executed on April 30, 2015 /s/ Brian Davies

Brian Davies, a Managing Director

CRS Capstone Partners, LLC

Case 15-10635-MFW Doc 177 Filed 04/30/15 Page 2 of 2

EXHIBIT A

Interested Parties

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 1 of 20

4

List of Schedules

Schedule Category

1(a) Current and Former Names of Debtors and Subsidiaries

1(b) Officers and Directors

1(c) Management to the Debtors

1(d) Debt Holders

1(e) Equity Holders

1(f) Insurance Providers, Brokers, Premium Financing

1(g) Banks and Credit Cards

1(h) Utilities

1(i) Landlord

1(j) United States Trustee and Judges for the Bankruptcy Court for the

District of Delaware

1(k) Top 50 Unsecured Creditors

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 2 of 20

1(a)1

SCHEDULE 1(a)

Debtors and Subsidiaries

Debtors:

Karmaloop, Inc.

Karmaloop TV, Inc.

Subsidiaries:

Amongst Friends and Family LLC

Orisue LLC

Streetammo (Europe)

Amongst Friends and Family LLC

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 3 of 20

1(b)1

SCHEDULE 1(b)

Officers and Directors of the Debtors

Greg Selkoe

Chris Mastrangelo

Dennis Selkoe

Jeff Lieberman

Brian Davies

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 4 of 20

1(c)1

SCHEDULE 1(c)

Management of the Debtors

Mark Urban

Maciej Karpierz

Yaw Owusu

Gary Rush

Leandrew Robinson

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 5 of 20

1(e)1

SCHEDULE 1(d)

Debt Holders

A1, LLC

Alan B Ross T’tee

Alston Investments LLC

Anderson Investments LLC

Andrew Novelline

Anthony Gary Chinn 2701 9th Ave Oak

Barrett Family Trust

Blacksmith Pte

Blues Brothers Finca LLC

Brannassets LLC

Bruce J Nichols

Bruce Lindsay

Capx Partners

Carl Bindman

Chen Jianwen

Cherrywood Enterprises LLC

Chris Mastrangelo

Christopher Gabrieli

Christy Almeida

Comvest Capital II, L.P.

Cyrus Dilmaghani

D.A. Wallach

David Russell

Dennis Selkoe

Derek Fluker

Don C Johnston And Judith A Johnston

Eastward Capital Partners

Edward Cosgrove

Elliott Pollack

Eric Lesatz

Eugene L Goodwin

First Pinkston Limited Partnership

Gary A Gillmore Trust U/A/D 9/2/201

Gg Investment

Globid Inc(Pathway)

Gordon Lofquist Jr (Jtwros Cary G Lofquist)

Greg Selkoe

Gregory Tatsch

Heng-Keong Chan

Hfio LLC

Insight Venture Partners (Cayman) VI, L.P.

Insight Venture Partners VI (Co-Investors), L.P.

Insight Venture Partners VI, L.P.

Itsec Limited

Jacqueline Mastrangelo

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 6 of 20

1(e)2

James Ryan

James Thorsen

Jason Shank

Jean Pelissero

Jennifer Lum

Jinkyu Hong

Jklm Management Corp.

John C Jackson

John Delavan

Joxn Hickory, Ltd(Porter)

Karen Chandor

Katie Mcenroe

Kenneth Bucher

Kevin Leary

Korthi And Kohilou Andriotes LLC

Laird S Holliday Family Trust Utd 1/1/82

Lexial LLC

Linda Layton

Loh Cher Zoong

Man Advisors Inc

Mandeep S Dhillon

Manuel Charles Guyot

Mary Ellen Hinkel

Masano Murata

Michael J Petruschak Jr

Michael Ruhoy

Michael Taras

Mojo Global Enterprises LLC

Ms2 Partners LLC

Overdrive

Patrick Gervais

Philomelus Ventures

Ralph Martin

Reed Investments

Rgb Financial Services

Richard Morrissey(Nancy Noonan)

Robert Lederer

Robert Stein

Samuel Gunton Lofquist

Silicon Valley Bank

Sonar Group

Sprio Michas

Stephen Boyd

Steven C Thompson

Stuart Cohen

Terence Teruya

Terry K Leppla

The Rose Trust

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 7 of 20

1(e)3

Timothy L Stang

Valerie Mosley

Vcare Investments, Inc.

Vcare Technology Inc.

Venkata Maddineni(N and N)

Voytek Wieckowski (Wojciech)

Will C. Wohler

William Houston Reed

William Hsu

William Karol

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 8 of 20

1(e)1

SCHEDULE 1(e)

Equity Holders

Comvest

Capx

Insight Venture Partners (Various Entities)

Adam Frieman

Aleutian Capital Partners, LLC

Alex, James

Andrew Novaline

Berstein, Robert

Bindman, Carl

Black, Louis

Blum, Katya

Blum, Paula

Blum, Steven

Brown, Naim

Celeste Jr., Frank A.

Chandor, Karen

Chiu, Giovannah

Chris Mastrangelo

Christopher Mastrangelo, as Trustee of the Mastrangelo Family 2008 Nominee Trust

U/D/T 12/15/2008

Cleverventures Learning Fund No. 1, LLC

Cohen, Doug

Cohen, Stuart

Daniels, Marc

Dawson Family

Delavan, John

Dina G. Selkoe as Trustee of the Dina G. Selkoe Trust Dated 9/22/08

Dina Selkoe And Dennis Selkoe, as Trustees of the Selkoe 2009 Irrevocable Trust

Dated 2/24/09

Eddins, Will

Elkiner, Serge

Elowitz, William

Estey, Evelyn

Estey, Frank Family Trust

Family Trust Under Article 4th

of the Samuel J Gerson Trust 2002

Finegold, Barry

Frank Messman Trust

Frantzis, Stavros

Fubini, Ross

Galatis, Mike

Gary Rush

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 9 of 20

1(e)2

Gg Investment Partnership

Ginsberg, Garry

Greg Selkoe

Haber, Seth

Haney, Alexander

Holland Smith

Hollywood Hills

Jl Partners, Lp

Kaplan, William

Kapor, Mitchell D. Trust

Keith Sherman

Kl Partners, Lp

Lasalandra, Michael

Lavoie, Chris

Leandrew Robinson

Leary, Kevin

Lederer Jr., Robert B.

Lederer, Jeffrey

Lunt, Sara

Madaus, Patrick

Mark Urban Holdings Aps

Masano Murata

Mastrangelo, Jacqueline

Michael Rheault

Mikol Stambaugh

Miller, Dan

Mooney, Brian

Mosley, Val

Natasha Chu

Nelson, Arthur

Nowers, Scott

Palmer, Bethe M (Officer)

Peralta, Mel

Pollack, Elliott

Rgb Financial

Roger Sherman

Ross M Abrams Family Trust

Rush, Richard & Kathleen

Salter Richard

Scalese, Nick

Selkoe, Dennis

Selkoe, Kimberly A.

Selkoe, Polly

Sembhi, Tripp

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 10 of 20

1(e)3

Shah, Anand

Sneider, Allen

Sokol-Margolis, Samuel

Stein, Robert

Stephen Giulietti

Talakokkula, Sreehar

Tien, Jenny

Todisco, Dennis

Wallace, Garry

Walsh, Timothy J

Waltraud Johnson Trust

Warner, William

William Karol

Wolf, Chelsea

Yackel, Ryan

Abigail Jansen-Lonnquist

Aisha Moussalli

Alex Haney

Anand Shah

Andrew Bishop

Andrew Fercu

Bounthay Khammanyvong

Bruce Lindsay

Chase Whitaker

Christos Tsatsopoulos

Damilare Oladosu

Daniel Wray

David Gentry

Eastward

Eric “Seven” Cohen

Ekom Ekwere

Fabiano Amorm

Feng Chang

Frank Rivera

Gabe Freedman

Garun Vagidov

Heather White

Isaiah Bond

Jackie Munoz

Jessica Walshaw

Joseph Farese

Julian Wadsworth

Keith Miller

Kostas Klokelis

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 11 of 20

1(e)4

Lauren Alba

Lisa Mex

Maciej Karpiez

Mahfuzer “Shomi” Patwary

Meera Hyun

Megan Knisely

Melissa Famiglietti

Michael Damico

Michael Laughlin

Phillip Wong

Renatta Hosein

Reserved And Available For Future Grants

Reynold Mcguire

Richard Ouellette

Robert R. Price

Sameer Naseem

Sergey Styskin

Sovandara Phat

Sreedhar Talakakkula

Tariq Hug

William Fischer

Uta

William Karol Family Trust

Yaw Owusu

Stavros Socrates Frantzis Revocable Trust — 2013

Stvros Socrates Frantzis

Insight Venture Partners Vi (Cayman), L.P.

Insight Venture Partners Vi (Co-Investors), L.P.

Mark Gilbert

Stephen Giuleietti

Andrew Novaliine

Bethe M. Palmer

Catherine Sui

Michale B. Ryan

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 12 of 20

1(f)1

SCHEDULE 1(f)

Insurance Providers, Brokers, Premium Financing

Lockton Insurance

US Premium Financing

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 13 of 20

1(g)1

SCHEDULE 1(g)

Banks and Credit Cards

People's United Bank

PayPal

American Express

Bank of America

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 14 of 20

1(h)1

SCHEDULE 1(h)

Utilities

Nstar

Eversource

Waste Management Of Massachusetts

AT & T

Comcast

J2 *Efax Plus Service

Paetec Communications, Inc.

Towerstream Corporation

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 15 of 20

1(i)1

SCHEDULE 1(i)

Landlord

The Druker Company, LP

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 16 of 20

1(k)1

SCHEDULE 1(j)

United States Trustee and Judges for the District of Delaware

Office of the U.S. Trustee – Wilmington, Delaware Office Attorneys

Andy Vara

Patrick Tinker

David Buchbinder

Benjamin Hackman

Mark Kenney

David Klauder

Jane Leamy

Tiiara Patton

Juliet Sarkessian

Richard Schepacarter

Lauren Attix

Linda Casey

Shakima L. Dortch

Timothy L. Fox, Jr.

Diana Giordano

Christine Green

Jeffrey Heck

Hannah M. McCollum

Tony Murray

James R. O’Malley

Michael Panacio

Edith A. Serrano

Karen Starr

Ramona

Vinson

Michael West

Dion Wynn

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 17 of 20

1(k)2

U.S. Bankruptcy Court, District of Delaware Judges

Kevin J. Carey

Kevin Gross

Laurie Selber Silverstein

Brendan L. Shannon

Christopher S. Sontchi

Mary F. Walrath

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 18 of 20

SCHEDULE 1(k)

Top 50 Unsecured Creditors

GSI Commerce

Navigo Consulting Group

Google Inc.

Jakprints Inc

Optaros

Huf Inc.

Hybris Software

Dhl Express Inc. - 852958043

Ebay Enterprise Marketing Solutions, Inc.

Mitchell & Ness-Sports Licensed Division

10.Deep

Dhl Global Mail

Adobe Systems Incorporated

Tranzact

Akamai Technologies, Inc

Tellapart

1point

Cheap Monday - The News Inc.

LRG

Vans

Rapid Value Solutions

Bellfield - Stylewise (Uk) Ltd.

Media Forum, Inc

Sharpe Advisors LLC

Yahoo Inc.

Dna Distribution

Linkshare Corporation

Demandware

Rackspace Hosting

Retail Decisions Inc.

Black Scale

Reflex Sales Group

Mybuys, Inc.

Flud Watches

Ups - 60545x New Kazbah Acct.

Manhattan Associates

Cquotient

Matix Clothing Co.

Sabit/ Twelve Ounce

Steel House, Inc.

Ruberto, Israel & Weiner

Fiksu, Inc

Patagonia

Asphalt Yacht Club LLC

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 19 of 20

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Urban Airship

Affilinet - Nonstop Consulting

Hypebeast

The Druker Company, Ltd

Dope Couture

Neff Inc.

WCSR 34111213v1 WCSR 33818836v3

Case 15-10635-MFW Doc 177-1 Filed 04/30/15 Page 20 of 20