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Full title: Debtor-In-Possession Monthly Operating Report for Filing Period April 2021 Filed by Gorham Paper and Tissue, LLC. (Katona, Shanti) (Entered: 05/18/2021)

Document posted on May 17, 2021 in the bankruptcy, 29 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATEOther Postpetition LiabilitiesAdjustments to Owner EquityPostpetition Contributions (Distributions) (Draws)Restricted Cash is cash that is restricted for a specific use and not available to fund operations.Policies transferred to buyer at asset sale on 12/31/20 Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS ts reported should be per the debtor's books, not the bank statement.Revenues Revenues - Revenues (901 Total Revenues (901 Cost of Sales Direct Material Direct Wages 35 Other Direct (2,692 Total Cost of Sales (2,335 Gross Profit (3,236 Expenses Fixed Wages (2,468.98) (9,088 Fixed Services (57,283.83) (187,655 Base Load (12,183 Fixed Mtc (139 Fixed Supplies Taxes - Property Taxes Insurance - Property Insurance Other Fxd Costs (375.00) (375 Depr/Amort Non-Dir Trfr Cr - Non-Direct Transfer Credits Total Expenses (60,127.81) (209,440 Operating Profit (60,127.81) (212,677 Financing Total Financing Profit After Financing Expenses (60,127.81) (212,677 Other Revenues and Expenses Other Inc & Exp - Other Inc & Exp (68,649.77)

List of Tables

Document Contents

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Reporting Period: April 2021 MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month. Submit copy of report to any official committee appointed in the case. Document Explanation Affidavit/Supplement REQUIRED DOCUMENTS Form No. Attached Attached Attached
Table 1 on page 1. Back to List of Tables
Schedule of Cash Receipts and Disbursements MOR-1 XXX
Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1a XXX
Schedule of Professional Fees Paid MOR-1b XXX
Copies of bank statements XXX
Cash disbursements journals XXX
Statement of Operations MOR-2 XXX
Balance Sheet MOR-3 XXX
Status of Postpetition Taxes MOR-4 XXX
Copies of IRS Form 6123 or payment receipt none
Copies of tax returns filed during reporting period none
Summary of Unpaid Postpetition Debts MOR-4 XXX
Listing of aged accounts payable MOR-4 XXX
Accounts Receivable Reconciliation and Aging MOR-5 XXX
Debtor Questionnaire MOR-5 XXX
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documentsare true and correct to the best of my knowledge and belief. _______________________________________ ______________________________Signature of Debtor Date _______________________________________ ______________________________Signature of Joint Debtor Date Wayne Johnson 5/13/2021 Signature of Authorized Individual* Date Wayne Johnson CFO Printed Name of Authorized Individual Title of Authorized Individual*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a partnership; a manager or member if debtor is a limited liability company.

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is thefirst report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column mustequal the sum of the four bank accountR ceopluormtinngs .P e Trihode : aAmporiul 2n0ts2 1reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALREPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalmust equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED CASH BEGINNING OF MONTH 143,431.58 0.00 0.00 0.00 143,431.58 631,404.31 12,587.35 12,587.35 RECEIPTS
Table 1 on page 2. Back to List of Tables
CASH SALES 0.00 0.00 0.00 0.00 0.00 0.00 656.85 0.00
ACCOUNTS RECEIVABLE 2,031.00 0.00 0.00 0.00 2,031.00 0.00 1,749,284.81 3,717,609.48
LOANS AND ADVANCES 0.00 0.00 0.00 0.00 0.00 0.00 1,500,000.00 1,500,000.00
SALE OF ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 5,638,053.00
OTHER (ATTACH LIST) ** 2,569.74 0.00 0.00 0.00 2,569.74 0.00 311,792.56 2,999,384.46
TRANSFERS (FROM DIP ACCTS) 106,000.00 0.00 0.00 0.00 106,000.00 0.00 4,143,001.27 5,420,471.00
TOTAL RECEIPTS 110,600.74 0.00 0.00 0.00 110,600.74 0.00 7,704,735.49 19,275,517.94
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is thefirst report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column mustequal the sum of the four bank accountR ceopluormtinngs .P e Trihode : aAmporiul 2n0ts2 1reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALREPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalmust equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED CASH BEGINNING OF MONTH 143,431.58 0.00 0.00 0.00 143,431.58 631,404.31 12,587.35 12,587.35 RECEIPTSDISBURSEMENTS
Table 2 on page 2. Back to List of Tables
NET PAYROLL 10,144.00 0.00 0.00 0.00 10,144.00 10,000.00 1,090,965.94 1,278,750.00
PAYROLL TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SALES, USE, & OTHER TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INVENTORY PURCHASES 0.00 0.00 0.00 0.00 78,346.10 3,604,723.61 3,848,963.62
SECURED/ RENTAL/ LEASES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INSURANCE 0.00 0.00 0.00 0.00 0.00 425,655.88 598,954.51
ADMINISTRATIVE 3,356.31 0.00 0.00 0.00 3,356.31 47,249.91 101,521.37 49,049.91
SELLING 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTHER (ATTACH LIST) ***** 109,969.00 0.00 0.00 0.00 109,969.00 433,625.92 1,238,709.89 5,282,440.60
OWNER DRAW * 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TRANSFERS (TO DIP ACCTS) *** 0.00 0.00 0.00 0.00 0.00 75,001.27 0.00
PROFESSIONAL FEES 45,093.24 0.00 0.00 0.00 45,093.24 12,500.00 1,230,300.38 3,490,777.28
U.S. TRUSTEE QUARTERLY FEES 80,693.00 0.00 0.00 0.00 80,693.00 100,000.00 144,918.00 471,363.69
COURT COSTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DISBURSEMENTS 249,255.55 0.00 0.00 0.00 249,255.55 681,721.93 7,911,796.34 15,020,299.61
NET CASH FLOW (138,654.81) 0.00 0.00 0.00 (138,654.81) (681,721.93) (207,060.85) 4,255,218.33(RECEIPTS LESS DISBURSEMENTS) CASH - END OF MONTH 4,776.77 0.00 0.00 0.00 4,776.77 (50,317.62) 4,776.77 (50,317.62)* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE 0.00 0.00 THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)TOTAL DISBURSEMENTS 249,255.55 LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS 0.00 **** PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) 0.00TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES 249,255.55 ** State of NH Refund check ***** Settlement with Woodland Pulp of 503(b)(9) claims

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021BANK RECONCILIATIONS Continuation Sheet for MOR-1 cluded for each bank account. The debtor's bank reconciliation may be substituted for this page. Reporting Period: April 2021Operating Payroll Tax Other # 0234 # # # BALANCE PER BOOKS 4,776.77 0.00 0.00 0.00
Table 1 on page 3. Back to List of Tables
BANK BALANCE 4,776.77 0.00 0.00 0.00 None
(+) DEPOSITS IN TRANSIT (ATTACH LIST) 0.00 0.00 0.00 None
(-) OUTSTANDING CHECKS (ATTACH LIST) 0.00 0.00 0.00 None
OTHER (ATTACH EXPLANATION) 0.00 0.00 0.00 None
ADJUSTED BANK BALANCE * 4,776.77 0.00 0.00 0.00 None
* Adjusted bank balance must equal
balance per books 0.00
check (s/b 0)
DEPOSITS IN TRANSIT Date Amount Date Amount Date Amount Date Amount
CHECKS OUTSTANDING Ck. # Amount Ch. # Amount Ck. # Amount Ck. # Amount
None
None
None
None
None
None
None
None
None
None
None
None
None

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID This schedule is to include all retained professional payments from case inception to current month. Reporting Period: April 2021
Table 1 on page 4. Back to List of Tables
Payee Period Covered Amount
Approved
Payor Check None Amount Paid None Year-To-Date None
None None None None Number Date Fees Expenses Fees Expenses
Bernstein, Shur (IOLTA) Post-Petition Gorham Paper and Tissue $ 375,000.00 $ -
Polsinelli (IOLTA) Post-Petition Gorham Paper and Tissue $ 150,000.00 $ -
Argus Management Post-Petition Gorham Paper and Tissue 19449 4/13/2021 $ 5,310.00 $ 46,500.00 $ 6.01
Donlin Recano Post-Petition Gorham Paper and Tissue 19445 4/2/2021 $ 25,000.00 $ 89,358.07 $ 479.08
19451 4/13/2021 $ 7,948.66 $ 479.08
Reed Smith Post-Petition 19452 4/13/2021 $ 6,288.00 $ 67.50 $ 237,648.00 $ 1,205.65

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) Reporting Period: April 2021 The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLD
Table 1 on page 5. Back to List of Tables
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) Reporting Period: April 2021 The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLDOPERATING EXPENSES
Table 2 on page 5. Back to List of Tables
Advertising
Auto and Truck Expense
Bad Debts
Please see separate file:
Contributions
Employee Benefits Programs
Profit and Loss Statement -Gorham Pape
Insider Compensation*
r and Tissue -April 2021 .pdf
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Other Income & Expenses
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) Reporting Period: April 2021 The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLDOPERATING EXPENSESOTHER INCOME AND EXPENSES Other Income (attach schedule) Interest Expense Other Expense (attach schedule) Net Profit (Loss) Before Reorganization Items REORGANIZATION ITEMS
Table 3 on page 5. Back to List of Tables
Professional Fees
U. S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss) $ $
*"Insider" is defined in 11 U.S.C. Section 101(31).

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 STATEMENT OF OPERATIONS - continuation sheet Reporting Period: April 2021 Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date Other Costs
Table 1 on page 6. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 STATEMENT OF OPERATIONS - continuation sheet Reporting Period: April 2021 Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date Other CostsOther Operational Expenses
Table 2 on page 6. Back to List of Tables
Please see separate file:
Profit and Loss Statement -Gorham Pape r and Tissue -April 2021.pdf
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 STATEMENT OF OPERATIONS - continuation sheet Reporting Period: April 2021 Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date Other CostsOther Operational ExpensesOther Income
Table 3 on page 6. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 STATEMENT OF OPERATIONS - continuation sheet Reporting Period: April 2021 Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date Other CostsOther Operational ExpensesOther IncomeOther Expenses
Table 4 on page 6. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 STATEMENT OF OPERATIONS - continuation sheet Reporting Period: April 2021 Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date Other CostsOther Operational ExpensesOther IncomeOther ExpensesOther Reorganization Expenses
Table 5 on page 6. Back to List of Tables
Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11: Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for thebankruptcy proceeding, should be reported as a reorganization item.

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must bRee cploarstsiinfgie Pd esreiopdar: aAteplyri lf r2o0m2 1postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS
Table 1 on page 7. Back to List of Tables
Unrestricted Cash and Equivalents 4,777 13,480
Restricted Cash and Cash Equivalents (see continuation sheet) 0
Accounts Receivable (Net) 184,630 74,757
Notes Receivable 10,794,655 15,144,504
Inventories 1,285,110
Prepaid Expenses 272,866
Professional Retainers 0
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS 10,984,062 16,790,717
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must bRee cploarstsiinfgie Pd esreiopdar: aAteplyri lf r2o0m2 1postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENT
Table 2 on page 7. Back to List of Tables
Real Property and Improvements 2,171,831
Machinery and Equipment 15,295,361
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation (13,547,299)
TOTAL PROPERTY & EQUIPMENT 0 3,919,893
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must bRee cploarstsiinfgie Pd esreiopdar: aAteplyri lf r2o0m2 1postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENTOTHER ASSETS Loans to Insiders* 3,000,000 3,000,000 Other Assets (attach schedule) 0 TOTAL OTHER ASSETS 3,000,000 3,000,000 TOTAL ASSETS 13,984,062 23,710,610 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATELIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Table 3 on page 7. Back to List of Tables
Accounts Payable 138,244
Taxes Payable (refer to FORM MOR-4) 0
Wages Payable 0
Notes Payable
Rent / Leases - Building/Equipment 0
Secured Debt / Adequate Protection Payments 304,075
Professional Fees 77,139
Amounts Due to Insiders* 0
Other Postpetition Liabilities (attach schedule) 0
TOTAL POSTPETITION LIABILITIES 519,459 0
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must bRee cploarstsiinfgie Pd esreiopdar: aAteplyri lf r2o0m2 1postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENTOTHER ASSETS Loans to Insiders* 3,000,000 3,000,000 Other Assets (attach schedule) 0 TOTAL OTHER ASSETS 3,000,000 3,000,000 TOTAL ASSETS 13,984,062 23,710,610 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATELIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) Secured Debt 48,155,226 54,260,933 Priority Debt Unsecured Debt 15,749,631 13,852,043 TOTAL PRE-PETITION LIABILITIES 63,904,857 68,112,976 TOTAL LIABILITIES 64,424,316 68,112,976 OWNER EQUITY
Table 4 on page 7. Back to List of Tables
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition (44,402,366) (44,402,366)
Retained Earnings - Postpetition (6,037,888)
Adjustments to Owner Equity (attach schedule)
Postpetition Contributions (Distributions) (Draws) (attach schedule)
NET OWNER EQUITY (50,440,254) (44,402,366)
TOTAL LIABILITIES AND OWNERS' EQUITY 13,984,062 23,710,610 None None
*"Insider" is defined in 11 U.S.C. Section 101(31). 0 0

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) D e b t o r _ _D_e_b_t_o_r_________________________________________ Reporting Period: April 2021BALANCE SHEET - continuation sheet Reporting Period: April 2021 BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE Other Current Assets
Table 1 on page 8. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) D e b t o r _ _D_e_b_t_o_r_________________________________________ Reporting Period: April 2021BALANCE SHEET - continuation sheet Reporting Period: April 2021 BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE Other Current AssetsOther Assets
Table 2 on page 8. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) D e b t o r _ _D_e_b_t_o_r_________________________________________ Reporting Period: April 2021BALANCE SHEET - continuation sheet Reporting Period: April 2021 BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE Other Current AssetsOther AssetsBOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATEOther Postpetition Liabilities
Table 3 on page 8. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) D e b t o r _ _D_e_b_t_o_r_________________________________________ Reporting Period: April 2021BALANCE SHEET - continuation sheet Reporting Period: April 2021 BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE Other Current AssetsOther AssetsBOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATEOther Postpetition LiabilitiesAdjustments to Owner Equity
Table 4 on page 8. Back to List of Tables
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) D e b t o r _ _D_e_b_t_o_r_________________________________________ Reporting Period: April 2021BALANCE SHEET - continuation sheet Reporting Period: April 2021 BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE Other Current AssetsOther AssetsBOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATEOther Postpetition LiabilitiesAdjustments to Owner EquityPostpetition Contributions (Distributions) (Draws)
Table 5 on page 8. Back to List of Tables
Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregatedinto a separate account, such as an escrow account.

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if thisR iesp tohreti fnigrs Pt ereripoodr:t ,A thperi al m20o2u1nt should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability Federal
Table 1 on page 9. Back to List of Tables
Withholding 0 0 0 0
FICA-Employee 0 0 0 0
FICA-Employer 0 0 0 0
Unemployment 0 0 0 0
Income 0 0 0 0
Other:_________________ 0 0 0 0
Total Federal Taxes 0 0 0 0
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if thisR iesp tohreti fnigrs Pt ereripoodr:t ,A thperi al m20o2u1nt should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability FederalState and Local
Table 2 on page 9. Back to List of Tables
Withholding 0 0 0 0
Sales 0 0 0 0
Excise 0 0 0 0
Unemployment 0 0 0 0
Real Property 0 0 0 0
Personal Property 0 0 0 0
Other:_________________ 0 0 0 0
Total State and Local 0 0 0 0
Total Taxes 0 0 0 0
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if thisR iesp tohreti fnigrs Pt ereripoodr:t ,A thperi al m20o2u1nt should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability FederalState and LocalSUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. Number of Days Past Due Current 0-30 31-60 61-90 Over 90 Total
Table 3 on page 9. Back to List of Tables
Accounts Payable 0 1,509 0 6,032 130,704 138,244
Wages Payable 0 0
Taxes Payable 0 0
Rent/Leases-Building 0 0
Rent/Leases-Equipment 0 0
Secured Debt/Adequate Protection Payments 36,306 37,676 35,531 39,343 155,219 304,075
Professional Fees 0 (6,799) (232,512) 5,448 311,002 77,139
Amounts Due to Insiders* 0 0
Other:__________________________ 0
Other:__________________________ 0
Total Postpetition Debts 36,306 32,387 (196,981) 50,822 596,925 519,459
Explain how and when the Debtor intends to pay any past-due postpetition debts. The Debtor intends to pay past-due postpetition debts through operating cash pursuant toapplicable court orders or a plan of reorganization *"Insider" is defined in 11 U.S.C. Section 101(31).

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In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount
Table 1 on page 10. Back to List of Tables
Total Accounts Receivable at the beginning of the reporting period 184,629.85
+ Amounts billed during the period 0.00
- Amounts collected during the period 2,031.00
Total Accounts Receivable at the end of the reporting period 184,629.85
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation AmountAccounts Receivable Aging Amount
Table 2 on page 10. Back to List of Tables
0 - 30 days old 0.00
31 - 60 days old 0.00
61 - 90 days old 24,800.00
91+ days old 159,829.85
Total Accounts Receivable 184,629.85
Amount considered uncollectible (Bad Debt) 0.00
Accounts Receivable (Net) 184,629.85
In re: Gorham Paper and Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation AmountAccounts Receivable Aging AmountDEBTOR QUESTIONNAIRE Must be completed each month Yes No
Table 3 on page 10. Back to List of Tables
1. Have any assets been sold or transferred outside the normal course of business
this reporting period? If yes, provide an explanation below.
XXX
2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting period? If yes, provide an explanation below.
XXX
3. Have all postpetition tax returns been timely filed? If no, provide an explanation
below.
XXX
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below.
XXX
5. Has any bank account been opened during the reporting period? If yes, provide
documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
XXX
4) Policies transferred to buyer at asset sale on 12/31/20

10

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Reporting Period: April 2021 MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month. Submit copy of report to any official committee appointed in the case. Document Explanation Affidavit/Supplement REQUIRED DOCUMENTS Form No. Attached Attached Attached
Table 1 on page 11. Back to List of Tables
Schedule of Cash Receipts and Disbursements MOR-1 XXX
Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1a XXX
Schedule of Professional Fees Paid MOR-1b XXX
Copies of bank statements XXX
Cash disbursements journals XXX
Statement of Operations MOR-2 XXX
Balance Sheet MOR-3 XXX
Status of Postpetition Taxes MOR-4 XXX
Copies of IRS Form 6123 or payment receipt none
Copies of tax returns filed during reporting period none
Summary of Unpaid Postpetition Debts MOR-4 XXX
Listing of aged accounts payable MOR-4 XXX
Accounts Receivable Reconciliation and Aging MOR-5 XXX
Debtor Questionnaire MOR-5 XXX
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documentsare true and correct to the best of my knowledge and belief. _______________________________________ ______________________________Signature of Debtor Date _______________________________________ ______________________________Signature of Joint Debtor Date Wayne Johnson 5/12/2021 Signature of Authorized Individual* Date Wayne Johnson CFO Printed Name of Authorized Individual Title of Authorized Individual*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a partnership; a manager or member if debtor is a limited liability company.

11

In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount
Table 1 on page 12. Back to List of Tables
Total Accounts Receivable at the beginning of the reporting period 134,996.38
+ Amounts billed during the period 0.00
- Amounts collected during the period 0.00
Total Accounts Receivable at the end of the reporting period 134,996.38
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation AmountAccounts Receivable Aging Amount
Table 2 on page 12. Back to List of Tables
0 - 30 days old 0.00
31 - 60 days old 0.00
61 - 90 days old 0.00
91+ days old 134,996.38
Total Accounts Receivable 134,996.38
Amount considered uncollectible (Bad Debt) 0.00
Accounts Receivable (Net) 134,996.38
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation AmountAccounts Receivable Aging AmountDEBTOR QUESTIONNAIRE Must be completed each month Yes No
Table 3 on page 12. Back to List of Tables
1. Have any assets been sold or transferred outside the normal course of business
this reporting period? If yes, provide an explanation below.
XXX
2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting period? If yes, provide an explanation below.
XXX
3. Have all postpetition tax returns been timely filed? If no, provide an explanation
below.
XXX
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below.
XXX
5. Has any bank account been opened during the reporting period? If yes, provide
documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
XXX
4) Policies transferred to buyer at asset sale on 12/31/20

12

Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS ts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is theport, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column musthe sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALRT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalqual the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DAT OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED BEGINNING OF MONTH 521,402.53 0.00 0.00 0.00 521,402.53 515,300.57 515,300.57 515,300.5PTS
Table 1 on page 13. Back to List of Tables
0.00 0.00 0.00 0.00 0.00 0.00
15,341.51 0.00 0.00 0.00 15,341.51 0.00 3,983,838.47
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
15,341.51 0.00 0.00 0.00 15,341.51 0.00 3,983,838.47
Debtor Reporting Period: April 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS ts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is theport, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column musthe sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALRT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalqual the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DAT OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED BEGINNING OF MONTH 521,402.53 0.00 0.00 0.00 521,402.53 515,300.57 515,300.57 515,300.5PTSRSEMENTS
Table 2 on page 13. Back to List of Tables
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
15,341.51 0.00 0.00 0.00 15,341.51 0.00 15,411.51
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
106,000.00 0.00 0.00 0.00 106,000.00 0.00 4,068,000.00
0.00 0.00 0.00 0.00 0.00 0.00
325.00 0.00 0.00 0.00 325.00 0.00 650.00
0.00 0.00 0.00 0.00 0.00 0.00
121,666.51 0.00 0.00 0.00 121,666.51 0.00 4,084,061.51
SH FLOW (106,325.00) 0.00 0.00 0.00 (106,325.00) 0.00 (100,223.04) 0.0S LESS DISBURSEMENTS) - END OF MONTH 415,077.53 0.00 0.00 0.00 415,077.53 515,300.57 415,077.53 515,300.5ENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE OK OK THE FOLLOWING SECTION MUST BE COMPLETED RSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN) DISBURSEMENTS *** 106,325.0 : TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS (106,000.0 : ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) 0.0 DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES 325.0

13

Debtor Reporting Period: April 2021BANK RECONCILIATIONS Continuation Sheet for MOR-1 A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page. Operating Payroll Tax Other # 2473 # # # NCE PER BOOKS 415,077.53 0.00 0.00 0.00 BALANCE 415,077.53 0.00 0.00 0.00 POSITS IN TRANSIT (ATTACH LIST) 0.00 0.00 0.00 0.00 TSTANDING CHECKS (ATTACH LIST) 0.00 0.00 0.00 0.00 (ATTACH EXPLANATION) 0.00 0.00 0.00 0.00 TED BANK BALANCE * 415,077.53 0.00 0.00 0.00 ted bank balance must equal ce per books 0.00 check (s/b 0) SITS IN TRANSIT Date Amount Date Amount Date Amount Date AmoKS OUTSTANDING Ck. # Amount Ch. # Amount Ck. # Amount Ck. # AmoR

14

Debtor Reporting Period: April 2021SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID This schedule is to include all retained professional payments from case inception to current month. Amount Check Amount Paid Year-To-Date Payee Period Covered Approved Payor Number Date Fees Expenses Fees Expenses

15

In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLD
Table 1 on page 16. Back to List of Tables
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLDOPERATING EXPENSES
Table 2 on page 16. Back to List of Tables
Advertising
Auto and Truck Expense
Bad Debts
Please see separate file:
Contributions
Employee Benefits Programs
Insider Compensation* Profit and Loss Statement -White Mountain Tissue -April 2021.pdf
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Other Income & Expenses
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ COST OF GOODS SOLDOPERATING EXPENSESOTHER INCOME AND EXPENSES Other Income (attach schedule) Interest Expense Other Expense (attach schedule) Net Profit (Loss) Before Reorganization Items REORGANIZATION ITEMS
Table 3 on page 16. Back to List of Tables
Professional Fees
U. S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss) $ $
*"Insider" is defined in 11 U.S.C. Section 101(31).

16

Posting Date: From 04/01/21 To 04/30 Template: Chart of Acco Report Cycle: Annual Re Transaction Cross-Section by Posting Date Currenc Account Name Balance Year-to- Revenues Revenues - Revenues (901 Total Revenues (901 Cost of Sales Direct Material Direct Wages 35 Other Direct (2,692 Total Cost of Sales (2,335 Gross Profit (3,236 Expenses Fixed Wages (2,468.98) (9,088 Fixed Services (57,283.83) (187,655 Base Load (12,183 Fixed Mtc (139 Fixed Supplies Taxes - Property Taxes Insurance - Property Insurance Other Fxd Costs (375.00) (375 Depr/Amort Non-Dir Trfr Cr - Non-Direct Transfer Credits Total Expenses (60,127.81) (209,440 Operating Profit (60,127.81) (212,677 Financing Total Financing Profit After Financing Expenses (60,127.81) (212,677 Other Revenues and Expenses Other Inc & Exp - Other Inc & Exp (68,649.77) 88,88Total Other Revenues and Expenses (68,649.77) 88,88 Profit Period (128,777.58) (123,790 =================== ================

17

In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS
Table 1 on page 18. Back to List of Tables
Unrestricted Cash and Equivalents 415,077.53 513,301.00
Restricted Cash and Cash Equivalents (see continuation sheet) 0.00 0.00
Accounts Receivable (Net) 134,996.38 128,559.00
Notes Receivable 0.00
Inventories 22,459.00
Prepaid Expenses 0.00
Professional Retainers 0.00
Other Current Assets (attach schedule) 0.00
TOTAL CURRENT ASSETS 550,073.91 664,319.00
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENT
Table 2 on page 18. Back to List of Tables
Real Property and Improvements 7,911,278.00
Machinery and Equipment 33,337,405.00
Furniture, Fixtures and Office Equipment 0.00
Leasehold Improvements 0.00
Vehicles 0.00
Less Accumulated Depreciation (33,303,387.00)
TOTAL PROPERTY & EQUIPMENT 0.00 7,945,296.00
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENTOTHER ASSETS Loans to Insiders* 0.00 Other Assets (attach schedule) 0.00 TOTAL OTHER ASSETS 0.00 0.00 TOTAL ASSETS 550,073.91 8,609,615.00 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MON T H PETITION DATELIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Table 3 on page 18. Back to List of Tables
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments 72,391.83
Professional Fees
Amounts Due to Insiders* (4,327,366.47)
Other Postpetition Liabilities (attach schedule) 1,985.80
TOTAL POSTPETITION LIABILITIES (4,252,988.84) 0.00
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations. BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE CURRENT ASSETS PROPERTY AND EQUIPMENTOTHER ASSETS Loans to Insiders* 0.00 Other Assets (attach schedule) 0.00 TOTAL OTHER ASSETS 0.00 0.00 TOTAL ASSETS 550,073.91 8,609,615.00 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MON T H PETITION DATELIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) Secured Debt 22,714,523.21 25,989,604.00 Priority Debt 0.00 95,232.00 Unsecured Debt 19,103,512.48 19,304,278.00 TOTAL PRE-PETITION LIABILITIES 41,818,035.69 45,389,114.00 TOTAL LIABILITIES 37,565,046.85 45,389,114.00 OWNER EQUITY
Table 4 on page 18. Back to List of Tables
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition (36,779,499.00) (36,779,499.00)
Retained Earnings - Postpetition (235,473.94)
Adjustments to Owner Equity (attach schedule)
Postpetition Contributions (Distributions) (Draws) (attach schedule) None
NET OWNER EQUITY (37,014,972.94) None (36,779,499.00)
TOTAL LIABILITIES AND OWNERS' EQUITY 550,073.91 8,609,615.00 None None
*"Insider" is defined in 11 U.S.C. Section 101(31). (0.00) 0.00

18

Posting Date: To: 04/3 Template: Chart of Acco Report Cycle: Annual Re Transaction Cross-Section by Posting Date: Currenc Account Name Balance System Cur Assets Current Assets - Current Assets Cash - Cash 1015-00-00 - Cash Bank of NH Checking 415,077.53 415,0 Total Cash - Cash 415,077.53 415,0 Receivables - Receivables 1101-00-00 - Accounts Receivable 134,996.38 134,9 Total Receivables - Receivables 134,996.38 134,9 Total Current Assets - Current Assets 550,073.91 550,0 Fixed Assets - Fixed Assets Total Fixed Assets - Fixed Assets Other Assets - Other Assets Total Other Assets - Other Assets Total Assets 550,073.91 550,0 $ 550,073.91 $ 550,07 ============= ========== Liabilities Liabilities - Liabilities Current Liab. - Current - Liabilities 2010-00-00 - Accounts Payable 1,618,944.84 1,618,9 2051-00-00 - Interco Payable - GPT 10,794,655.06 10,794,6 2100-00-00 - Accrued Expenses 421,582.75 421,5 2110-00-00 - Accrued Interest 135,249.50 135,2 2180-00-00 - Sales Claims Reserve 25,987.70 25,9 Total Current Liab. - Current - Liabilities 12,996,419.85 12,996,4Long Term Liab. - Long Term - Liabilities

19

Currenc Account Name Balance System Cur 2601-00-00 - Term Loan 1 - Patriarch 11,000,000.00 11,000,02602-00-00 - Term Loan 2 - Patriarch 10,568,627.00 10,568,62603-00-00 - Term Loan 3 - GPT 3,000,000.00 3,000,0 Total Long Term Liab. - Long Term - Liabilities 24,568,627.00 24,568,62999 Total Liabilities - Liabilities 37,565,046.85 37,565,0 Total Liabilities 37,565,046.85 37,565,0 Equity Equity - Equity Capital - Capital 3900-00-00 - Retained Earnings (2,722,055.13) (2,722,05 Total Capital - Capital (2,722,055.13) (2,722,05 Total Equity - Equity (2,722,055.13) (2,722,05 Profit Period (34,292,917.81) (34,292,91 Total Equity (37,014,972.94) (37,014,97 $ 550,073.91 $ 550,07 ============= ==========

20

In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability Federal
Table 1 on page 21. Back to List of Tables
Withholding 0.00 0.00 0.00 0.00
FICA-Employee 0.00 0.00 0.00 0.00
FICA-Employer 0.00 0.00 0.00 0.00
Unemployment 0.00 0.00 0.00 0.00
Income 0.00 0.00 0.00 0.00
Other:_________________ 0.00 0.00 0.00 0.00
Total Federal Taxes 0.00 0.00 0.00 0.00
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability FederalState and Local
Table 2 on page 21. Back to List of Tables
Withholding 0.00 0.00 0.00 0.00
Sales 0.00 0.00 0.00 0.00
Excise 0.00 0.00 0.00 0.00
Unemployment 0.00 0.00 0.00 0.00
Real Property 0.00 0.00 0.00 0.00
Personal Property 0.00 0.00 0.00 0.00
Other:_________________ 0.00 0.00 0.00 0.00
Total State and Local 0.00 0.00 0.00 0.00
Total Taxes 0.00 0.00 0.00 0.00
In re: White Mountain Tissue, LLC Case No: 20-12814 (KBO) Debtor Reporting Period: April 2021STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Beginning Amount Ending Tax Withheld or Amount Date Check No. Tax Liability Accrued Paid Paid or EFT Liability FederalState and LocalSUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. Number of Days Past Due Current 0-30 31-60 61-90 Over 90 Total
Table 3 on page 21. Back to List of Tables
Accounts Payable 0.00 0.00 0.00 0.00 0.00 0.00
Wages Payable 0.00 0.00 0.00 0.00 0.00 0.00
Taxes Payable 0.00 0.00 0.00 0.00 0.00 0.00
Rent/Leases-Building 0.00 0.00 0.00 0.00 0.00 0.00
Rent/Leases-Equipment 0.00 0.00 0.00 0.00 0.00 0.00
Secured Debt/Adequate Protection Payments 0.00 36,895.47 0.00 0.00 35,496.36 72,391.83
Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00
Amounts Due to Insiders* 0.00 0.00 0.00 0.00 0.00 0.00
Other:__________________________ 0.00 0.00 0.00 0.00 0.00 0.00
Other:__________________________ 0.00 0.00 0.00 0.00 0.00 0.00
Total Postpetition Debts 0.00 36,895.47 0.00 0.00 35,496.36 72,391.83
Explain how and when the Debtor intends to pay any past-due postpetition debts. Past-due Post-Petition debts will be paid pursuant to applicable court orders or plan of reorganization. *"Insider" is defined in 11 U.S.C. Section 101(31).

21

Age by: Due Date Aging Date: 04/30/21 Posting Date: From To 04/30/21 BP: From To Customer Group: All Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 ACI Converting (2,425.00) (2,42 Inc American Forest (7,684.00) (7,68 & Paper Association Alta Holliday (460.00) (46 Ankura Trust (96,250.00) (96,25 Company, LLC Ankura Trust (527,780.19) (527,78 Company, LLC Ankura Trust (35,496.36) (35,49 Company, LLC - GPT DIP ARI Logistics (13,994.00) (13,99 Beemac Trucking (13,130.00) (13,13 LLC Blind Industries & (102,626.76) (102,62 Services of Maryland Border Freight (14,250.00) (14,25 Transportation Convermat 3,712.65 3,7 Corporation CT Lien Solutions (1,352.52) (1,35 Drummond (3,045.00) (3,04 Woodsum & MacMahon FIS IMPLANTI (49,598.56) (49,59 S.R.L. Garlock Printing & (6,672.94) (6,67 Converting Co. Global Tissue 1,319.49 1,3 Group, Inc Great Lakes (7,135.00) (7,13 Transport Solutions J.B. Hunt (2,128.00) (2,12 Transport, Inc. JOSH PACKAGING (3,964.96) (3,96 INC Logistic Dynamics, (5,300.00) (5,30 Inc.

22

Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 Milbank, LLP (7,884.92) (7,88 National Golden (1,369.44) (1,36 Tissue, Inc. OpenText GXS, (759.00) (75 Inc Patriarch Partners (423,511.99) (423,51 Agency Services, LLC Patriarch Partners (20,966.57) (20,96 LLC PrintPro Inc (1,300.00) (1,30 Select Product (203,421.01) (203,42 Holdings SPS Commerce (754.40) (75 UL Verificaton (3,500.00) (3,50 Services, Inc. Wensley & Jones, (8,466.36) (8,46 PLLC Western Express (53,750.00) (53,75 Inc 1 WorldSync, Inc. (5,000.00) (5,00 Total: $ -1,618,944.84 -1,618,94 Aging (%): % 100.00 % 10

23

Age by: Due Date Aging Date: 04/30/21 Posting Date: From To 04/30/21 BP: From To Customer Group: All Curren BP Name Total Future Remit 0 - 30 31 - 60 61 - 90 91 - 120 Central National 119,138.18 119,1 -Gottesman Paradigm 10,786.01 10,7 Marketing Enterprises Sears Holding 5,072.19 5,0 Corp Total: $ 134,996.38 $ 134,99 Aging (%): % 100.00 % 10

24

Primary Account: 2473 Period: 03/31/21 to 04/30/21 AAFFDATAADFFFAAFTAFFFADAADFDAAAATADDFDDATAFFTDDFFDDTDADAAAATADTFF'SRLNUM' 0.6200 WCL0001 30-0 WHITE MOUNTAIN TISSUE LLC 0 72 CASCADE FLT 2 GORHAM, NH 03581-1015 BUSINESS ACCOUNT Account: 2473 Last Statement Previous Balance Total Credits Total Debits This Statement Current Balance03/31/21 $521,402.53 $15,341.51 (1) $121,666.51 (4) 04/30/21 $415,077.53 Minimum Balance $415,077.53 Average Balance $488,839.70 TRANSACTIONS Date Description Credits Debits Balance 03/31 BEGINNING BALANCE ........................................... $521,402.53 04/05 Incoming Wire Paradigm Marketing Consortium, Inc $15,341.51 $536,744.04 04/15 Transfer To 0234 $25,000.00 $511,744.04 04/15 Check # 2400 $15,341.51 $496,402.53 04/22 412053 Online Xfer To Business XXXX234 On 4/22/21 At 9:59 $81,000.00 $415,402.53 04/27 Check # 2401 $325.00 $415,077.53 04/30 ENDING BALANCE ........................................... $415,077.53 CHECKS Date Check No Amount Date Check No Amount Date Check No Amount04/15 2400 $15,341.51 04/27 2401 $325.00 * Indicates a Gap in Check Number Sequence

25

ITEMIZATION OF OVERDRAFT AND RETURNED ITEM FEES Total For Total This Period Year to Date Total Overdraft Fees $0.00 $0.00 Total Returned Item Fees $0.00 $0.00

26

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ccount Number 900002473 outing Number 211770271 ate Description Receipts Disbursements Balance to GL 2/22/2021 Wells Fargo EDI Payment $ 0.01 $ 521,402.534/5/2021 Paradigm - Incoming Wire $ 15,341.51 $ 536,744.044/8/2021 Check# 2400 $ 15,341.51 $ 521,402.53 4/15/2021 WMT InterCo Payment transfer $ 25,000.00 $ 496,402.534/19/2021 Check# 2401 $ 325.00 $ 496,077.534/22/2021 WMT InterCo Payment transfer $ 81,000.00 $ 415,077.53

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