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Full title: Interim Application for Compensation -- Fourth Interim Fee Application of Berkeley Research Group, LLC, as Financial Advisor to the Official Committee of Unsecured Creditors, for the period February 1, 2021 to April 30, 2021 Filed by Official Committee of Unsecured Creditors. Hearing scheduled for 7/15/2021 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/28/2021. (Attachments: # 1 Notice # 2 Exhibit A # 3 Verification # 4 Certificate of Service) (Keilson, Brya) (Entered: 06/07/2021)

Document posted on Jun 6, 2021 in the bankruptcy, 13 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

AS FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS DURING THE PERIOD FROM FEBRUARY 1, 2021 THROUGH APRIL 30, 2021 Berkeley Research Group, LLC (“BRG”) financial advisor to the Official Committee of Unsecured Creditors (the “Committee”) of the above-captioned debtor and debtor-in-possession (collectively, the “Debtor”), hereby submits its fourth interim fee application (the “Application”) for an order pursuant to sections 105(a), 330 and 331 chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure for the United States Bankruptcy Court of the District of Delaware (the “Local Rules”), the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals (the “Interim Compensation Order”), entered June 5, 2020, and the United States Trustee’s Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses filed under 11 U.S.C. § 330, effective January 30, 1996 (the “U.S. Trustee Guidelines”) seeking (a) the allowance of reasonable compensation for professional services rendered by BRG 2 to the Committee during the period from February 1, 2021 through April 30, 2021 (the “Fee Period”) and (b) reimbursement of actual and necessary charges and disbursements incurred by BRG during the Fee Period in the rendition of required professional services on behalf of the Committee.Pursuant to the Interim Compensation Order, on or after the twentieth (20) day of each full calendar month (the “Fee Filing Period”) following the month for which compensation and reimbursement is sought (the “Compensation Period”), each Professional seeking interim compensation may file with the Court a monthly application (each a “Monthly Fee Application”) pursuant to section 331 of the Bankruptcy Code for interim approval and allowance of compensation for services rendered and reimbursement of expenses during the Compensation Period.[Remainder of the page left intentionally blank] WHEREFORE, BRG respectfully requests: (a) that it be allowed on an interim basis fees in the amount of $282,088.00 for reasonable, actual and necessary services rendered by it on behalf of the Committee during the Fee Period and (b) that the Debtors be authorized and directed to immediately pay to BRG the amount of $282,088.00 which is equal to the sum of 100% of BRG’s fees and 100% of BRG’s expenses incurred during the Fee Period, and (c) and that it be granted such other and further relief as the Court may deem just and proper.

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ----------------------------------------------------------X : In re : Chapter 11 : Case No. 20-11033 (KBO) Klausner Lumber One, LLC1 : : Jointly Administered : Debtors : Objection Deadline: Jun. 28, 2021 at 4:00 p.m. (ET) : Hearing Date: Jul. 15, 2021 at 2:00 p.m. (ET) ----------------------------------------------------------X FOURTH INTERIM APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS DURING THE PERIOD FROM FEBRUARY 1, 2021 THROUGH APRIL 30, 2021 Name of Applicant: Berkeley Research Group LLC Authorized to Provide Professional Services to: The Official Committee of Unsecured Creditors (the “Committee”) Date of Retention: July 14, 2020 nunc pro tunc to May 26, 2020 Period for which Compensation and February 1, 2021 through April 30, 2021 Reimbursement is Sought: Actual Amount of Compensation Sought as Actual, Reasonable and Necessary: $282,088.00 Amount of Expense Reimbursement Sought as Actual, Reasonable and Necessary: $0.00 Total Amount of Fees and Expense Reimbursement Sought as Actual, Reasonable and Necessary: $282,088.00 This is a(n): Monthly Application X Interim Application ___ Final Application 1 The last four digits of the Debtor’s federal tax identification number are 9109. The Debtor’s mailing address is Klausner Lumber One, LLC, P.O. Box 878, Middleburg, VA 20118.

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Attachment A - Prior Applications Filed:
Table 1 on page 2. Back to List of Tables
Dt Filed
Dkt No.
Period Fees Expenses CNO/
Order
Paid Fees Paid Expenses Unpaid Balance
9/30/2020
Dkt No. 432
5/26/2020 -

7/31/2020
(First Interim)
$122,716.00 $0.00 11/16/2020
Dkt No. 544
$122,716.00 $0.00 $0.00
11/20/2020
Dkt. No 566
8/1/2020 -
10/31/2021
(Second Interim)
$116,208.50 $0.00 12/22/2020
Dkt No. 624
$116,208.50 $0.00 $0.00
2/22/2021
Dkt No. 732
1 1 /1/2020 -
1/31/2021
$153,765.50 $0.00 3/16/2021
Dkt No. 791
$153,765.50 $0.00 $0.00
[Remainder of this Page Intentionally Left Blank]

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achment B: Fees By Professional the Period 2/1/2021 through 4/30/21 essional Title Billing Rate Hours Fees owie Director $795.00 225.1 $178,954.50 ang Managing Consultant $500.00 55.1 $27,550.00 enritzy Case Assistant $155.00 3.9 $604.50 row Managing Director $1,150.00 63.7 $73,255.00 averkamp Case Manager $275.00 6.1 $1,677.50 riana Case Assistant $155.00 0.3 $46.50 l 354.2 $282,088.00 ded Rate $796.41

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achment C: Fees By Task Code the Period 2/1/2021 through 4/30/2021 k Code Hours Fees rofessional Retention/ Fee Application Preparation 12.4 $3,998.00ttend Hearings/ Related Activities 41.8 $39,692.00 nteraction/ Meetings with Debtors/ Counsel 6.2 $6,668.50 nteraction/ Meetings with Creditors/ Counsel 13.9 $13,322.50ecovery/ SubCon/ Lien Analysis 111.4 $85,352.50 laim Analysis/ Accounting 101.1 $81,641.00 ntercompany Transactions/ Balances 10.6 $5,300.00 lan of Reorganization/ Disclosure Statement 56.8 $46,113.50 l 354.2 $282,088.00 ded Rate $796.41

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ----------------------------------------------------------X : In re : Chapter 11 : Case No. 20-11033 (KBO) Klausner Lumber One, LLC2 : : Jointly Administered : Debtor : Objection Deadline: Jun. 28, 2021 at 4:00 p.m. (ET) : Hearing Date: Jul. 15, 2021 at 2:00 p.m. (ET) ----------------------------------------------------------X FOURTH INTERIM APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS DURING THE PERIOD FROM FEBRUARY 1, 2021 THROUGH APRIL 30, 2021 Berkeley Research Group, LLC (“BRG”) financial advisor to the Official Committee of Unsecured Creditors (the “Committee”) of the above-captioned debtor and debtor-in-possession (collectively, the “Debtor”), hereby submits its fourth interim fee application (the “Application”) for an order pursuant to sections 105(a), 330 and 331 chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure for the United States Bankruptcy Court of the District of Delaware (the “Local Rules”), the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals (the “Interim Compensation Order”), entered June 5, 2020, and the United States Trustee’s Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses filed under 11 U.S.C. § 330, effective January 30, 1996 (the “U.S. Trustee Guidelines”) seeking (a) the allowance of reasonable compensation for professional services rendered by BRG 2 The last four digits of the Debtor’s federal tax identification number are 9109. The Debtor’s mailing address is Klausner Lumber One, LLC, P.O. Box 878, Middleburg, VA 20118.

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to the Committee during the period from February 1, 2021 through April 30, 2021 (the “Fee Period”) and (b) reimbursement of actual and necessary charges and disbursements incurred by BRG during the Fee Period in the rendition of required professional services on behalf of the Committee. In support of this Application, BRG represents as follows: JURISDICTION 1. The United States Bankruptcy Court for the District of Delaware (the “Court”) has jurisdiction over the Application pursuant to 28 U.S.C. §§ 157 and 1334 and the Amended Standing Order of Reference from the United States District Court for The District of Delaware, dated February 29, 2012. Venue is proper in this district pursuant to 28 U.S.C. §§ 1408 and 1409. This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A). 2. The statutory bases for the relief requested herein are sections 105(a), 330, 331, and 503(b) of the Bankruptcy Code and Bankruptcy Rule 2016. BACKGROUND 3. On April 30, 2020 (the “Petition Date”), the Debtor filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code with the Court. The Debtor continues to operate its businesses and manage its properties as debtor-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these cases. 4. On May 21, 2020 (the “Formation Date”), the Office of the United States Trustee for the District of Delaware (the “U.S. Trustee”) appointed five of the Debtor’s unsecured creditors to serve as members of the Committee. The Committee is presently comprised of the following members: (i) Sunbelt Rentals, Inc. (Chair); (ii) M.A. Rigoni, Inc.; (iii) Peninsula Pipeline Company, Inc.; (iv) Mahild Drying Technologies; and (v) WARN Act Plaintiffs. 5. On May 26, 2020, the Committee selected BRG to serve as its financial advisor. The Committee has also selected Foley & Lardner LLP (“Foley”) and Morris James LLP (“Morris James”

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and together with Foley, “Counsel”) to serve as its counsel. On July 14, 2020, the Court entered an order authorizing the Committee to retain BRG [Docket No. 201] (the “Retention Order”). FEE PROCEDURES ORDER 6. On June 5, 2020, this Court signed the Interim Compensation Order. Pursuant to the Interim Compensation Order, on or after the twentieth (20) day of each full calendar month (the “Fee Filing Period”) following the month for which compensation and reimbursement is sought (the “Compensation Period”), each Professional seeking interim compensation may file with the Court a monthly application (each a “Monthly Fee Application”) pursuant to section 331 of the Bankruptcy Code for interim approval and allowance of compensation for services rendered and reimbursement of expenses during the Compensation Period. Each Notice Party shall have twenty-one (21) days after service of a Monthly Fee Application to review the Monthly Fee Application and object thereto (the “Objection Deadline”). Upon the expiration of the Objection Deadline, if no objections have been filed, the Professional may file a certificate of no objection and the Debtor is authorized to pay such Professional eighty percent (80%) of the fees and one hundred percent (100%) of the expenses requested in the Monthly Fee Application not subject to an objection. SUMMARY OF SERVICES RENDERED 7. BRG is a global strategic advisory and expert consulting firm that provides independent expert testimony, litigation and regulatory support, authoritative studies, strategic advice, advisory services relating to restructuring and turnaround, due diligence, valuation, and capital markets, and document and data analytics to major law firms, Fortune 500 corporations, government agencies, and regulatory bodies around the world. 8. Since being retained by the Committee, BRG has rendered professional services to the Committee as requested and as necessary and appropriate in furtherance of the interests of the

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unsecured creditors of the Debtor’s estate. BRG respectfully submits that the professional services that it rendered on behalf of the Committee were necessary and have directly benefited the creditor constituents represented by the Committee and have contributed to the effective administration of the Case. 9. BRG submits that the interim fees applied for herein for professional services rendered in performing services for the Committee in this proceeding are fair and reasonable in view of the time spent, the extent of work performed, the nature of the Debtor’s capitalization structure and financial condition, the Debtor’s financial accounting resources and the results obtained. BRG’s fees typically are based on the actual hours charged at BRG’s standard hourly rates, which are in effect when the services are rendered 10. BRG expended an aggregate of 354.2 hours, substantially all of which was expended by the professional staff of BRG. The work involved, and thus the time expended, was carefully assigned in light of the experience and expertise required for a particular task. A small staff was utilized to optimize efficiencies and avoid redundant efforts. 11. BRG believes that there has been no duplication of services between BRG and any other consultants or accountants to the bankruptcy estate. 12. In addition, BRG’s hourly rates, for professionals of comparable experience, are at or below those of national firms we consider our peers. We believe that the compensation in this Application is based on the customary compensation charged by comparably skilled professionals in cases other than cases under Title 11. 13. No agreement or understanding exists between BRG and any other person for the sharing of compensation received or to be received for services rendered in connection with the chapter 11 cases, except for internal agreements among employees of BRG regarding the sharing

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of revenue or compensation. Neither BRG nor any of its employees has entered into an agreement or understanding to share compensation with any entity as described in Bankruptcy Rule 2016. 14. BRG, in accordance with the Bankruptcy Rules and the Local Rules, will be charging travel time at 50% of the time incurred. No travel time was incurred during the Fee Period. 15. BRG’s time records for the Fee Period are attached hereto as Exhibit A. These records include daily time logs describing the time spent by each BRG professional and administrative-level person in these cases. 16. BRG also maintains records of all actual and necessary out-of-pocket expenses incurred in connection with the rendition of its professional services. No expenses were incurred in connection with the Case during the Fee Period. 17. The general summary of the services rendered by BRG during the Fee Period based on tasks and number of hours is set forth below. Professional Retention/ Fee Application Preparation – Task Code 05 18. Time charged to this task code relates to time spent by BRG reviewing the draft order for the Second Interim Fee Period, preparing and reviewing the first monthly fee application, as well as preparing and reviewing the third interim fee application. 19. BRG has expended 12.4 hours on this category for a fee of $3,998.00. Attend Hearings/ Related Activities – Task Code 06 20. Time charged to this task code relates to BRG’s attendance at mediation sessions on distribution of case proceeds and claims settlements with the Debtor and Committee professionals. 21. BRG has expended 41.8 hours on this category for a fee of $39,692.00.

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Interaction/ Meetings with Debtors/ Counsel – Task Code 07 22. Time charged to this task code relates to BRG’s attendance on calls with the Debtor and Debtor’s Counsel regarding case status and updates, claims schedules and other claims issues, mediation, and the filing of the Disclosure Statement. 23. BRG has expended 6.2 hours on this category for a fee of $6,668.50. Interaction/ Meetings with Creditors/ Counsel – Task Code 08 24. Time charged to this task code relates to BRG’s preparation for and attendance on calls with the Committee and Committee Counsel regarding case status and updates, mediation strategy, settlement waterfall scenarios, and claims issues. 25. BRG has expended 13.9 hours on this category for a fee of $13,322.50. Recovery/ SubCon/ Lien Analysis – Task Code 10 26. Time charged to this task code relates to BRG’s review and analysis of recoveries to various creditor groups. Specifically, time was spent analyzing claims as they relate to recovery issues, updating and analyzing the creditor recovery waterfall, reviewing mediation documents, and preparing recovery scenarios for the mediation outcome presentation for the UCC. Further time was spent meeting with various parties in interest regarding recovery analyses and liquidation analyses. 27. BRG has expended 111.4 hours on this category for a fee of $85,352.50. Claim Analysis/Accounting – Task Code 11 28. Time charged to this task code relates to BRG’s review and analysis of claims data and reporting thereon. Specific tasks included: (i) updating claims schedules; (ii) preparing summaries of claims; (iii) providing an estimation of proceeds available to creditors; (iv) analyzing

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claims objections and supporting the drafting thereof, (v) preparing claims objection supporting analyses, and (vi) meeting with Counsel and other interested parties thereon. 29. BRG has expended 101.1 hours on this category for a fee of $81,641.00. Intercompany Transactions/Balances – Task Code 13 30. This task code relates to time spent by BRG reconciling intercompany claims between the Debtor legal entities. Additional time was spent preparing claims objections regarding intercompany claims. 31. BRG has expended 10.6 hours on this category for a fee of $5,300.00. Plan of Reorganization/ Disclosure Statement – Task Code 27 32. Time charged to this task code relates to time spent by BRG reviewing and analyzing the Plan of Reorganization, Disclosure Statement, and Trust agreement. Time was also spent preparing liquidation analyses and comparing chapter 7 outcomes with chapter 11 outcomes. 33. BRG has expended 56.8 hours on this category for a fee of $46,113.50. ACTUAL AND NECESSARY EXPENSES 34. BRG incurred no actual out-of-pocket expenses in connection with the rendition of the professional services to the Committee during the Fee Period. 35. Disbursements and expenses are incurred in accordance with BRG’s normal practice of charging clients for expenses clearly related to and required by particular matters. Such expenses were often incurred to enable BRG to devote time beyond normal office hours to matters, which imposed extraordinary time demands. BRG endeavors to minimize these expenses to the fullest extent possible. 36. BRG’s billing rates do not include charges for photocopying, telephone and facsimile charges, computerized research, travel expenses, “working meals,” secretarial overtime,

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postage and certain other office services, because the needs of each client for such services differ. BRG believes that it is fairest to charge each client only for the services actually used in performing services for such client. BRG endeavors to minimize these expenses to the fullest extent possible. 37. In providing a reimbursable service such as copying or telephone, BRG does not make a profit on that service. In charging for a particular service, BRG does not include in the amount for which reimbursement is sought the amortization of the cost of any investment, equipment or capital outlay. In seeking reimbursement for service which BRG justifiably purchased or contracted for from a third party, BRG requests reimbursement only for the amount billed to BRG by such third party vendor and paid by BRG to that vendor. NOTICE AND NO PRIOR APPLICATION 38. Notice of this application has been given to (a) the Debtor; (b) counsel to the Debtor; (c) co-counsels to the Debtor; (d) counsel to the Creditors’ Committee; and (e) the United States Trustee for the District of Delaware appointed in these Chapter 11 Cases. In light of the nature of the relief requested herein, BRG submits that no further or other notice is required. 39. With respect to these amounts, as of the date of the Application, BRG has received no payments, and no previous application for the relief sought herein has been made to this or any other Court. [Remainder of the page left intentionally blank]

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WHEREFORE, BRG respectfully requests: (a) that it be allowed on an interim basis fees in the amount of $282,088.00 for reasonable, actual and necessary services rendered by it on behalf of the Committee during the Fee Period and (b) that the Debtors be authorized and directed to immediately pay to BRG the amount of $282,088.00 which is equal to the sum of 100% of BRG’s fees and 100% of BRG’s expenses incurred during the Fee Period, and (c) and that it be granted such other and further relief as the Court may deem just and proper. Dated: June 7, 2020_________ New York, NY BERKELEY RESEARCH GROUP, LLC /s/ Jay Borow Jay Borow Managing Director 810 Seventh Avenue, Suite 4100 New York, NY 10019 212-782-1411 Financial Advisor to the Official Committee of Unsecured Creditors

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