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Full title: Monthly Application for Compensation -- Third Monthly Application of Faegre Drinker Biddle & Reath LLP, Co-Counsel for the Official Committee of Unsecured Creditors, for the period May 1, 2021 to May 31, 2021. Filed by Official Committee of Unsecured Creditors. Objections due by 7/22/2021. (Attachments: # 1 Notice # 2 Exhibit A # 3 Verification # 4 Certificate of Service) (Keilson, Brya) (Entered: 07/01/2021)

Document posted on Jun 30, 2021 in the bankruptcy, 11 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Third Monthly Application of Faegre Drinker Biddle & Reath LLP for Compensation for Services Rendered and Reimbursement of Expenses as Counsel to the Official Committee of Unsecured Creditors for the Period from May 1, 2021 through May 31, 2021 (this “Application”) for the allowance and payment of compensation for professional services rendered by Faegre Drinker to the Official Committee of Unsecured Creditors (the “Committee”) and reimbursement of actual and necessary expenses incurred by Faegre Drinker for the period May 1, 2021 through and including May 31, 2021 (the “Compensation Period”), pursuant to 11 U.S.C. §§ 330 and 331, Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware (the “Local Rules”), and the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals [D.I. 132] (the “Administrative Order”).On March 25, 2021, the Court entered the Order Under Sections 327(a) and 1107(b) of the Bankruptcy Code, Rules 2014 and 2016 of the Federal Rules of Bankruptcy Procedure, and Local Rules 2014-1 and 2016-1 Authorizing Retention and Employment of Faegre Drinker Biddle & Reath LLP as Bankruptcy Counsel to the Official Committee of Unsecured Creditors Nunc Pro Tunc to February 18, 2021 [D.I. 818], authorizing the retention of Faegre Drinker as counsel to the Committee nunc pro tunc to February 18, 2021.On May 14, 2021, Faegre Drinker filed its Certificate of No Objection [D.I. 899] for its first monthly fee application, certifying that no formal answer, objection, or other response to the first monthly fee application was filed by the applicable objection deadline, and that, pursuant to the Administrative Order, Faegre Drinker is entitled to receive 80% of the fees and 100% of the expenses sought in the first monthly fee application.On June 11, 2021, Faegre Drinker filed its Certificate of No Objection [D.I. 966] for its second monthly fee application, certifying that no formal answer, objection, or other response to the second monthly fee application was filed by the applicable objection deadline, and that, pursuant to the Administrative Order, Faegre Drinker is entitled to receive 80% of the fees and 100% of the expenses sought in the second monthly fee application.Set forth on the foregoing “Compensation by Project Category” is a summary, by subject matter category, of the time expended by Faegre Drinker timekeepers billing time to the Case during the Compensation Period.

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 KLAUSNER LUMBER ONE LLC Case No. 20-11033 (KBO) Debtor.1 Objection Deadline: July 22, 2021 at 4:00 p.m. (ET) THIRD MONTHLY APPLICATION OF FAEGRE DRINKER BIDDLE & REATH LLP FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES AS COUNSEL TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM MAY 1, 2021 THROUGH MAY 31, 2021 Name of Applicant: Faegre Drinker Biddle & Reath LLP Authorized to Provide Professional Services to: The Official Committee of Unsecured Creditors Date of Retention: February 18, 2021 (Pursuant to Order entered March 25, 2021 [D.I. 818] nunc pro tunc to February 18, 2021) Period for Which Compensation and Reimbursement Is Sought: May 1, 2021 through May 31, 2021 Amount of Compensation Sought as Actual, Reasonable and Necessary: $59,656.80 (80% of the total fees of $74,571.00) Amount of Expense Reimbursement Sought as Actual, Reasonable and Necessary: $0.00 This is an: X monthly interim _ _ final application. 1 The last four digits of the Debtor’s federal EIN is 9109. The Debtor’s mailing address is Klausner Lumber One LLC, P.O. Box 878, Middleburg, VA 20118.

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If this is not the first application filed, disclose the following for each prior application:
Table 1 on page 2. Back to List of Tables
None Requested None Approved None
Date
Filed
Period Fees Expenses Fees Expenses
4/22/2021
D.I. 875
February 18, 2021
through March 31, 2021
$191,274.00 $20.50 $153,019.20 $20.50
5/20/2021
D.I. 918
April 1, 2021 through
April 30, 2021
$114,969.00 $0.00 $91,975.20 $0.00
If this is not the first application filed, disclose the following for each prior application: COMPENSATION BY PROFESSIONAL May 1, 2021 through May 31, 2021
Table 2 on page 2. Back to List of Tables
Name of Professional Position, Number of Years
in that Position, Prior
Relevant Experience, Year
of Obtaining License to
Practice, Area of Expertise
Hourly
Billing Rate
(including
changes)
Total Billed
Hours
Total
Compensation
Richard J. Bernard Partner in the Finance &
Restructuring Group since
February 2021. Member of
the New York bar since
2002, Connecticut bar since
1998, and the Florida bar
since 1995.
$1,150.00 64.20 $73,830.00
Elizabeth M. Little Associate in the Finance &
Restructuring Group since
2016. Member of the
Indiana bar since 2016.
$570.00 1.30 $741.00
Grand Total: 65.50 $74,571.00 None None None None
Blended Rate: $1,138.49 None None None None
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COMPENSATION BY PROJECT CATEGORY May 1, 2021 through May 31, 2021
Table 1 on page 3. Back to List of Tables
Project Category Total
Hours
Total Fees
Case Administration (B110) 1.00 $1,150.00
Meetings of and Communications with
Creditors (B150)
3.90 $4,485.00
Fee/Employment Applications (B160) 1.30 $741.00
Other Contested Matters (B190) 15.10 $17,365.00
Claims Administration and Objections
(B310)
8.70 $10,005.00
Plan and Disclosure Statement (B320) 35.50 $40,825.00
Total: 65.50 $74,571.00
COMPENSATION BY PROJECT CATEGORY May 1, 2021 through May 31, 2021 EXPENSE SUMMARY May 1, 2021 through May 31, 2021
Table 2 on page 3. Back to List of Tables
Service Provider (if Total
Expense Category applicable) Expenses
- - -
Total: $0.00
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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 KLAUSNER LUMBER ONE LLC Case No. 20-11033 (KBO) Debtor.1 Objection Deadline: July 22, 2021 at 4:00 p.m. (ET) THIRD MONTHLY APPLICATION OF FAEGRE DRINKER BIDDLE & REATH LLP FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES AS COUNSEL TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM MAY 1, 2021 THROUGH MAY 31, 2021 Faegre Drinker Biddle & Reath LLP (“Faegre Drinker”) files this Third Monthly Application of Faegre Drinker Biddle & Reath LLP for Compensation for Services Rendered and Reimbursement of Expenses as Counsel to the Official Committee of Unsecured Creditors for the Period from May 1, 2021 through May 31, 2021 (this “Application”) for the allowance and payment of compensation for professional services rendered by Faegre Drinker to the Official Committee of Unsecured Creditors (the “Committee”) and reimbursement of actual and necessary expenses incurred by Faegre Drinker for the period May 1, 2021 through and including May 31, 2021 (the “Compensation Period”), pursuant to 11 U.S.C. §§ 330 and 331, Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware (the “Local Rules”), and the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals [D.I. 132] (the “Administrative Order”). By this Application, Faegre Drinker seeks interim allowance of its fees in the amount of 1 The last four digits of the Debtor’s federal EIN is 9109. The Debtor’s mailing address is Klausner Lumber One LLC, P.O. Box 878, Middleburg, VA 20118.

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$59,656.80 (representing 80% of the total fees of $74,571.00) and reimbursement of out-of-pocket expenses in the amount of $0.00 advanced on behalf of the Committee, for a total of $59,656.80 for the Compensation Period. In support of this Application, Faegre Drinker states as follows: JURISDICTION 1. This 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). 2. Venue of this proceeding and this Application is proper in this District pursuant to 28 U.S.C. §§ 1408 and 1409. 3. The statutory bases for the relief requested herein are sections 330 and 331 of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. (the “Bankruptcy Code”), Bankruptcy Rule 2016, Local Rule 2016-2, and the Administrative Order. BACKGROUND 4. On April 30, 2020, the above-captioned debtor (the “Debtor”) commenced the above-captioned bankruptcy case (this “Case”) by filing a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. 5. The Debtor has continued in the possession of its property and has continued to operate and manage its business as Debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in this Case. RETENTION OF FAEGRE DRINKER AND PRIOR COMPENSATION 6. On May 21, 2020, the United States Trustee for the District of Delaware appointed the five-member Committee pursuant to section 1102(a)(1) of the Bankruptcy Code.2 2 The Committee members are the following: (1) Sunbelt Rentals, Inc.; (2) M.A. Rigoni, Inc.; (3) Peninsula Pipeline Company, Inc.; (4) Mahild Drying Technologies; and (5) Warn Act Plaintiffs. 2

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7. On February 18, 2021, the Committee selected and retained, subject to approval by this Court, Faegre Drinker as its lead counsel. 8. On March 25, 2021, the Court entered the Order Under Sections 327(a) and 1107(b) of the Bankruptcy Code, Rules 2014 and 2016 of the Federal Rules of Bankruptcy Procedure, and Local Rules 2014-1 and 2016-1 Authorizing Retention and Employment of Faegre Drinker Biddle & Reath LLP as Bankruptcy Counsel to the Official Committee of Unsecured Creditors Nunc Pro Tunc to February 18, 2021 [D.I. 818], authorizing the retention of Faegre Drinker as counsel to the Committee nunc pro tunc to February 18, 2021. 9. On May 14, 2021, Faegre Drinker filed its Certificate of No Objection [D.I. 899] for its first monthly fee application, certifying that no formal answer, objection, or other response to the first monthly fee application was filed by the applicable objection deadline, and that, pursuant to the Administrative Order, Faegre Drinker is entitled to receive 80% of the fees and 100% of the expenses sought in the first monthly fee application. 10. On June 11, 2021, Faegre Drinker filed its Certificate of No Objection [D.I. 966] for its second monthly fee application, certifying that no formal answer, objection, or other response to the second monthly fee application was filed by the applicable objection deadline, and that, pursuant to the Administrative Order, Faegre Drinker is entitled to receive 80% of the fees and 100% of the expenses sought in the second monthly fee application. 11. This Application is the third monthly interim application filed by Faegre Drinker seeking compensation and reimbursement of out-of-pocket expenses advanced by Faegre Drinker as counsel to the Committee for the Compensation Period. 3

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COMPENSATION REQUESTED FOR THE COMPENSATION PERIOD 12. Faegre Drinker submits this Application for the allowance and payment of compensation for actual, reasonable, and necessary professional services rendered by Faegre Drinker on behalf of the Committee during the Compensation Period. 13. During the Compensation Period, Faegre Drinker incurred fees in the amount of $74,571.00 and actual, reasonable, and necessary expenses in the amount of $0.00. Faegre Drinker submits that the professional services it rendered on behalf of the Committee during the Compensation Period were reasonable and necessary. 14. As of the date of this Application, Faegre Drinker has received no payment and no promises for payment from any source for services rendered or to be rendered in any capacity whatsoever in connection with the matters covered by this Application. There is no agreement or understanding between Faegre Drinker and any other person other than the partners of Faegre Drinker for the sharing of compensation to be received for services rendered in this Case. 15. Exhibit A provides the detail of the time and hourly billing rate for each professional of Faegre Drinker who has performed services in this Case. A summary of the fees requested by Faegre Drinker for each such professional and the number of hours worked for each individual, the billing rate requested, and the total fees claimed is set forth on the foregoing “Compensation by Professional.” The blended hourly rate for all services during the Compensation Period is $1,138.49 per hour. 16. Set forth on the foregoing “Compensation by Project Category” is a summary, by subject matter category, of the time expended by Faegre Drinker timekeepers billing time to the Case during the Compensation Period. Exhibit A includes the billing statements which describe the services performed by Faegre Drinker and a breakdown of actual, reasonable, and necessary 4

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expenses incurred by Faegre Drinker during the Compensation Period at the request and direction of the Committee. 17. It is Faegre Drinker’s policy to charge its clients in all areas of practice for identifiable, non-overhead expenses incurred in connection with the client’s case that would not have been incurred except for representation of that particular client. It is also Faegre Drinker’s policy to charge its clients only the amount actually incurred by Faegre Drinker in connection with such items. Examples of such expenses include postage, overnight mail, courier delivery, transportation, overtime expenses, computer-assisted legal research, photocopying, airfare, meals, and lodging. 18. Faegre Drinker currently charges clients $0.15 per page for standard duplication in its offices in the United States. Notwithstanding the foregoing and consistent with the Local Rules, Faegre Drinker will charge no more than $0.10 per page for standard duplication services in this Case. Faegre Drinker does not charge its clients for incoming facsimile transmissions. Faegre Drinker has negotiated a discounted rate for Westlaw and Lexis computer-assisted legal research. Computer-assisted legal research is used whenever the researcher determines that using Westlaw or Lexis is more cost effective than using traditional (non-computer assisted legal research) techniques. 19. In accordance with Local Rule 2016-2, Faegre Drinker has reduced its request for compensation for non-working travel, if any, to 50% of its normal rate. 20. Faegre Drinker has coordinated with the other professionals involved in this Case to minimize any duplication of effort and to minimize attorneys’ fees and expenses to the Committee. 5

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21. The undersigned has reviewed the requirements of Local Rule 2016-2 and certifies to the best of his or her information, knowledge, and belief that this Application complies with this rule. INFORMATION RELATED TO THE REVISED U.S. TRUSTEE GUIDELINES 22. Faegre Drinker provides the following information pursuant to the Appendix B— Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases (the “Revised U.S. Trustee Guidelines”). 23. Faegre Drinker’s hourly rates for bankruptcy services are comparable to the hourly rates charged in complex chapter 11 cases by comparably skilled bankruptcy attorneys. 24. Faegre Drinker’s hourly rates for bankruptcy services also are comparable to the rates charged by Faegre Drinker, and by comparably skilled practitioners in other firms, for complex corporate and litigation matters, whether in court or otherwise, regardless of whether a fee application is required. 25. In addition, Faegre Drinker provides the following responses to the inquiries stated in section C.5 of the Revised U.S. Trustee Guidelines: a) Did you agree to any variations from, or alternatives to, your standard or customary billing rates, fees or terms for services pertaining to this engagement that were provided during the application period? If so, please explain. No. b) If the fees sought in this fee application as compared to the fees budgeted for the time period covered by this fee application are higher by 10% or 6

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more, did you discuss the reasons for the variation with the client? Not applicable. c) Have any of the professionals included in this fee application varied their hourly rate based on the geographic location of the bankruptcy case? No. d) Does the fee application include time or fees related to reviewing or revising time records or preparing, reviewing, or revising invoices? (This is limited to work involved in preparing and editing billing records that would not be compensable outside of bankruptcy and does not include reasonable fees for preparing a fee application.). If so, please quantify by hours and fees. No. e) Does this fee application include time or fees for reviewing time records to redact any privileged or other confidential information? If so, please quantify by hours and fees. No. f) If the fee application includes any rate increases since retention: (i) Did your client review and approve those rate increases in advance? and (ii) Did your client agree when retaining the law firm to accept all future rate increases? If not, did you inform your client that they need not agree to modified rates or terms in order to have you continue the representation, consistent with ABA Formal Ethics Opinion 11–458? Not Applicable. This Application does not include any rate increases since retention. CONCLUSION WHEREFORE, Faegre Drinker respectfully requests that the Court enter an order (a) allowing and authorizing interim compensation for professional services rendered during the Compensation Period in the amount of $59,656.80 (representing 80% of the total fees of 7

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$74,571.00) and reimbursement of out-of-pocket expenses in the amount of $0.00 advanced on behalf of the Committee, for a total of $59,656.80 for the Compensation Period; and (b) granting Faegre Drinker all other just and proper relief. Dated: July 1, 2021 Respectfully submitted, FAEGRE DRINKER BIDDLE & REATH LLP /s/ Richard J. Bernard Richard J. Bernard (admitted pro hac vice) 1177 Avenue of the Americas, 41st Floor New York, New York 10036 Richard.Bernard@faegredrinker.com Direct: (212) 248-3263 Counsel to the Official Committee of Unsecured Creditors 8

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