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Full title: Chapter 11 Post-Confirmation Report for the Quarter Ending: 06/30/2021 (Sigler, Molly) (Entered: 07/27/2021)

Document posted on Jul 26, 2021 in the bankruptcy, 6 pages and 0 tables.

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Chapter 11 Cases GLOBAL NOTES AND STATEMENT OF LIMITATIONS, METHODOLOGY AND DISCLAIMERS REGARDING POST-CONFIRMATION REPORT FOR GANDER MOUNTAIN COMPANY FOR THE QUARTER ENDED JUNE 30, 2021 META Advisors LLC, in its capacity as Liquidating Trustee (the “Liquidating Trustee”) of the Gander Mountain Liquidating Trust (the “Trust”) established in the chapter 11 cases (the “Bankruptcy Cases”) of Gander Mountain Company and Overton’s, Inc. (the “Debtors”), has filed the attached post-confirmation report (the “PCR”) in the United States Bankruptcy Court for the District of Minnesota (the “Court”).The Liquidating Trustee has not made any payments on account of pre-confirmation fees and expenses to any non-bankruptcy or ordinary course professionals, all of which, upon information and belief, would have been satisfied by the Debtors prior to confirmation of the Plan.With respect to administrative claims, secured claims and priority unsecured claims, “Total Anticipated Payments Under Plan” is equal to the respective amount listed in the “Allowed Claims” column of each corresponding priority level as allowed claims in these classes are expected to be paid in full.Since, as noted above, the claims reconciliation process has not concluded, “Total Anticipated Payments Under Plan” is subject to change as disputed claims are resolved. “Total Anticipated Payments Under Plan” with respect to general unsecured claims is equal to cash on hand after payment of and reserves for disputed administrative claims, secured claims and priority unsecured claims listed above, less reserves over the remaining projected duration of the Trust.

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DISTRICT OF MINNESOTA n re: Gander Mountain Company § Case No. 17-30673 § Lead Case No. 17-30673 § Debtor(s) § Jointly Administered ost-confirmation Report Chapter 11 uarter Ending Date:06/30/2021 Petition Date: 10/31/2017 lan Confirmed Date:01/26/2018 Plan Effective Date:02/08/2018his Post-confirmation Report relates to: Reorganized DebtorOther Authorized Party or Entity: Gander Mountain Liquidating TrustName of Authorized Party or Entity / Molly N. Sigler Molly N. Sigler ignature of Responsible Party Printed Name of Responsible Party7/27/2021 Barnes & Thornburg LLP 2800 Capella Tower ate 225 South Sixth Street Minneapolis, MN 55402 Address TATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. 1320.4(a)(2) applies.

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art 1: Summary of Post-confirmation Transfers Total Since Current Quarter Effective Date a. Total cash disbursements $392,561 $22,269,577 b. Non-cash securities transferred $0 $0 c. Other non-cash property transferred $0 $0 d. Total transferred (a+b+c) $392,561 $22,269,577 art 2: Preconfirmation Professional Fees and Expenses Approved Approved Paid Current Paid Current Quarter Cumulative Quarter Cumulative . Professional fees & expenses (bankruptcy) $0 $0 $0 $0 incurred by or on behalf of the debtor Aggregate TotalItemized Breakdown by Firm Firm Name Role i *See Rider* Lead Counsel $0 $0 $0 $0 ii $0 $0 $0 $0 Approved Approved Paid Current Paid Current Quarter Cumulative Quarter Cumulative . Professional fees & expenses (nonbankruptcy) $0 $0 $0 $0 incurred by or on behalf of the debtor Aggregate TotalItemized Breakdown by Firm Firm Name Role i *See Rider* $0 $0 $0 $0 ii $0 $0 $0 $0 . All professional fees and expenses (debtor & committees) $0 $0 $0 $0art 3: Recoveries of the Holders of Claims and Interests under Confirmed PlanTotal Anticipated % Paid of Payments Paid Current Allowed Under Plan Quarter Paid Cumulative Allowed Claims Claims a. Administrative claims $9,352,111 $41,833 $6,760,964 $9,352,111 72%b. Secured claims $2,642,613 $0 $2,642,613 $2,642,613 100% c. Priority claims $497,999 $0 $497,999 $497,999 100% d. General unsecured claims $7,800,000 $0 $70,075 $309,510,625 0%e. Equity interests $0 $0 $0 art 4: Questionnaire a. Is this a final report? Yes No If yes, give date Final Decree was entered: If no, give date when the application for Final Decree is anticipated: 12/31/2021b. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No

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Privacy Act Statement 8 U.S.C. § 589b authorizes the collection of this information and provision of this information is mandatory. The United tates Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6) and to therwise evaluate whether a reorganized chapter 11 debtor is performing as anticipated under a confirmed plan. isclosure of this information may be to a bankruptcy trustee when the information is needed to perform the trustee's uties, or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information ndicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of he types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's ystems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://www.justice.gov/ust/eo/ules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your ankruptcy case, or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). declare under penalty of perjury that the foregoing Post-confirmation Report and its attachments, if ny, are true and correct and that I have been authorized to sign this report. / Grace Marie Codispoti META Advisors LLC by Grace Marie Codispotiignature of Responsible Party Printed Name of Responsible Partyiquidating Trustee 07/27/2021 itle Date

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UNITED STATES BANKRUPTCY COURT DISTRICT OF MINNESOTA In re: Jointly Administered Under Case No. 17-30673 (MER) Gander Mountain Company, Case No. 17-30673 Overton’s, Inc. Case No. 17-30675 Debtors. Chapter 11 Cases GLOBAL NOTES AND STATEMENT OF LIMITATIONS, METHODOLOGY AND DISCLAIMERS REGARDING POST-CONFIRMATION REPORT FOR GANDER MOUNTAIN COMPANY FOR THE QUARTER ENDED JUNE 30, 2021 META Advisors LLC, in its capacity as Liquidating Trustee (the “Liquidating Trustee”) of the Gander Mountain Liquidating Trust (the “Trust”) established in the chapter 11 cases (the “Bankruptcy Cases”) of Gander Mountain Company and Overton’s, Inc. (the “Debtors”), has filed the attached post-confirmation report (the “PCR”) in the United States Bankruptcy Court for the District of Minnesota (the “Court”). The Liquidating Trustee prepared the PCR with the assistance of its advisors and professionals. The PCR was prepared solely for the purpose of complying with the post-confirmation quarterly reporting requirements established by the United States Trustee Program (see https://www.justice.gov/ust/chapter-11-operating-reports). The financial information contained in the PCR is unaudited, limited in scope, and is not prepared in accordance with accounting principles generally accepted in the United States of America nor in accordance with other applicable non-bankruptcy law. In preparing the PCR, the Liquidating Trustee relied on financial data from the books and records available to it at the time of such preparation, as well as certain filings on the docket in the Bankruptcy Cases. Although the Liquidating Trustee made commercially reasonable efforts to ensure the accuracy and completeness of the PCR, inadvertent errors or omissions may exist.1 The Liquidating Trustee reserves the right to amend and supplement the PCR as may be necessary or appropriate. Part 1: Summary of Post-confirmation Transfers No notes. 1 The Liquidating Trustee and its agents, advisors, attorneys, and other professionals, as applicable, do not guarantee or warrant the accuracy or completeness of the data that is provided in this PCR.

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Part 2: Preconfirmation Professional Fees and Expenses Part 2a, 2c The Debtors’ and Official Committee of Unsecured Creditors’ Joint Plan of Liquidation dated October 31, 2017 [Docket No. 1572] (the “Plan”) was confirmed on January 26, 2018 and became effective on February 8, 2018 (the “Effective Date”). The Liquidating Trustee was appointed on the Effective Date of the Plan and was not responsible to pay the majority of any pre-confirmation professional fees and expenses. In February 2018, the Liquidating Trustee made the following payments on account of fees and expenses incurred during November 2017 and December 2017: Date Firm Name Role Amount Paid 02/16/2018 Barnes & Thornburg LLP MN Counsel to the Official $38,965.30Committee of Unsecured Creditors 02/16/2018 Donlin Recano & Company, Inc. Administrative Agent to the $183,658.57Debtors 02/16/2018 Faegre Baker Daniels LLP Special Counsel to the $5,371.10Debtors 02/16/2018 Fredrikson & Byron, P.A. Lead Counsel to the $154,562.93Debtors 02/16/2018 Lowenstein Sandler LLP Lead Counsel to the Official $31,466.10Committee of Unsecured Creditors 02/20/2018 Ernst & Young LLP Accountants to the Debtors $90,755.50Upon information and belief, all other pre-confirmation professional fees and expenses were made by the Debtors, and the Liquidating Trustee has no direct information regarding any such payments other than as set forth on the monthly and/or interim fee statements filed by each professional. Part 2b The Liquidating Trustee has not made any payments on account of pre-confirmation fees and expenses to any non-bankruptcy or ordinary course professionals, all of which, upon information and belief, would have been satisfied by the Debtors prior to confirmation of the Plan. Part 3: Recoveries of the Holders of Claims and Interests under Confirmed Plan For each priority level, “Allowed Claims” consists of (i) allowed claims in their fully reconciled and allowed amount, plus (ii) disputed claims in their face amount. These amounts are subject to change, as the claims reconciliation process is ongoing, and the Liquidating Trustee reserves all rights.

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With respect to administrative claims, secured claims and priority unsecured claims, “Total Anticipated Payments Under Plan” is equal to the respective amount listed in the “Allowed Claims” column of each corresponding priority level as allowed claims in these classes are expected to be paid in full. Since, as noted above, the claims reconciliation process has not concluded, “Total Anticipated Payments Under Plan” is subject to change as disputed claims are resolved. “Total Anticipated Payments Under Plan” with respect to general unsecured claims is equal to cash on hand after payment of and reserves for disputed administrative claims, secured claims and priority unsecured claims listed above, less reserves over the remaining projected duration of the Trust. Actual amounts are unknown at this time and subject to change based on, among other things: (i) actual aggregate remaining operating expenses of the Trust; and (ii) the final allowed amounts of administrative claims, secured claims and priority unsecured claims. The Liquidating Trustee reserves all rights. Part 3d: The amount listed in “Paid Cumulative” in Part 3d (General unsecured claims) reflects payments only with respect to Convenience Claims classified in Class 2 under the Plan. All Class 2 Convenience Class distributions have been made. Distributions have not yet commenced with respect to General Unsecured Claims classified in Class 3 under the Plan. Part 3e: Equity Interests receive no distributions under the Plan. Part 4: Questionnaire The Liquidating Trustee cannot currently anticipate, with any degree of certainty, when the application for a Final Decree closing the Bankruptcy Cases may be filed.

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