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Full title: Periodic Report Regarding Value, Operations and Profitability of Entities in Which the Estate of DBMP LLC Holds a Substantial or Controlling Interest filed by Garland S. Cassada on behalf of DBMP LLC. (Cassada, Garland)

Document posted on Sep 14, 2021 in the bankruptcy, 11 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Exhibit A contains: (i) an unaudited consolidated balance sheet of Millwork & Panel as of June 30, 2021; (ii) an unaudited consolidated statement of income (loss) for Millwork & Panel for the period January 1, 2021 through June 30, 2021 (the “Reporting Period”); (iii) an unaudited consolidated statement of cash flows of Millwork & Panel for the Reporting Period; and (iv) an unaudited consolidated statement of changes in shareholders’ or partners’ equity (deficit) for Millwork & Panel for the Reporting Period, along with summarized footnotes.Exhibit A-2 Statement of Income (Loss) for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021 Exhibit A-3 Statement of Cash Flows for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021Exhibit A-4 Statement of Changes in Shareholders’/Partners’ Equity (Deficit) for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021If implemented, under the Tax Item Allocation Agreement, (a) the Debtor and Millwork & Panel would be treated as if they constitute a division of New CT; (b) accordingly, all tax items of the Debtor and Millwork & Panel would be included in calculating the separate return liability and allocations of all other tax items of New CT under the Tax Sharing Agreement; and (c) the Debtor and Millwork & Panel would not separately calculate separate return liability or obtain an allocation of any tax items.

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UNITED STATES BANKRUPTCY COURT WESTERN DISTRICT OF NORTH CAROLINA CHARLOTTE DIVISION In re Chapter 11 DBMP LLC,1 Case No. 20-30080 (JCW) Debtor. PERIODIC REPORT REGARDING VALUE, OPERATIONS AND PROFITABILITY OF ENTITIES IN WHICH THE ESTATE OF DBMP LLC HOLDS A SUBSTANTIAL OR CONTROLLING INTEREST This is the Periodic Report as of June 30, 2021 on the value, operations and profitability of the entities in which the estate of DBMP LLC, as debtor and debtor in possession (the “Debtor”), holds a substantial or controlling interest, as required by Bankruptcy Rule 2015.3. For purposes of this Periodic Report, the term “Debtor” shall include the Debtor’s estate. The Debtor holds a substantial or controlling interest, either directly or indirectly, in the following non-Debtor entity: INTEREST OF THE NAME OF ENTITY NATURE OF OWNERSHIP ESTATE Millwork & Panel LLC 100% Directly owned by the Debtor (“Millwork & Panel”) 1 The last four digits of the Debtor’s taxpayer identification number are 8817. The Debtor’s address is 20 Moores Road, Malvern, Pennsylvania 19355.

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DBMP LLC Case No. 20-30080 (JCW) This periodic report (the “Periodic Report”) describes the value and operations of Millwork & Panel, the Debtor’s wholly owned subsidiary listed above. The Periodic Report consists of five exhibits, as follows: Exhibit A contains: (i) an unaudited consolidated balance sheet of Millwork & Panel as of June 30, 2021; (ii) an unaudited consolidated statement of income (loss) for Millwork & Panel for the period January 1, 2021 through June 30, 2021 (the “Reporting Period”); (iii) an unaudited consolidated statement of cash flows of Millwork & Panel for the Reporting Period; and (iv) an unaudited consolidated statement of changes in shareholders’ or partners’ equity (deficit) for Millwork & Panel for the Reporting Period, along with summarized footnotes. Exhibit B describes Millwork & Panel’s business operations. Exhibit C describes claims between Millwork & Panel and any other controlled non-debtor entity. Exhibit D describes how federal, state or local taxes, and any tax attributes, refunds or other benefits, have been allocated between Millwork & Panel and the Debtor. Exhibit E describes any payment by Millwork & Panel of any claims, administrative expenses or professional fees that have been or could be asserted against the Debtor, or the incurrence of any obligation to make such payments, together with the reason for the entity’s payment thereof or incurrence of any obligation with respect thereto. This Periodic Report is signed by a representative of the Debtor. Nothing contained in this Periodic Report shall constitute a waiver or limitation of any rights of the Debtor, including, but not limited to, the Debtor’s right to amend, modify or supplement the information contained herein. The undersigned, having reviewed the Periodic Report, and being familiar with the Debtor’s financial affairs, verifies under the penalty of perjury that to the best of his or her knowledge: (a) this Periodic Report and the attached exhibits are complete, accurate and truthful to the best of his or her knowledge; and (b) the Debtor did not cause the creation of any entity with actual deliberate intent to evade the requirements of Bankruptcy Rule 2015.3. s/ Robert J. Panaro Signature of Authorized Individual Robert J. Panaro Printed Name of Authorized Individual Date: 09/15/2021

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DBMP LLC Case No. 20-30080 (JCW) Exhibit A Financial Statements for Millwork & Panel LLC The financial statements for Millwork & Panel in this Exhibit A are unaudited. The financial statements do not conform to the requirements for the presentation of financial statements of the United States’ generally accepted accounting principles (“GAAP”) and do not include all of the information and disclosures required by GAAP.

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DBMP LLC Case No. 20-30080 (JCW) Exhibit A-1 Balance Sheet for Millwork & Panel LLC as of June 30, 2021

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DBMP LLC Case No. 20-30080 (JCW) Exhibit A-2 Statement of Income (Loss) for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021

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DBMP LLC Case No. 20-30080 (JCW) Exhibit A-3 Statement of Cash Flows for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021

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DBMP LLC Case No. 20-30080 (JCW) Exhibit A-4 Statement of Changes in Shareholders’/Partners’ Equity (Deficit) for Millwork & Panel LLC for Period January 1, 2021 Through June 30, 2021

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DBMP LLC Case No. 20-30080 (JCW) Exhibit B Description of Operations for Millwork & Panel LLC Millwork & Panel is a wholly owned subsidiary of the Debtor. As further described in the Declaration of Robert J. Panaro in Support of First Day Pleadings (Dkt. 24), Millwork & Panel manufactures and sells vinyl siding and polyvinyl chloride (PVC) trim products for the construction market. These products are manufactured at two facilities Millwork & Panel owns: one located in Claremont, North Carolina; and the other in Social Circle, Georgia. Pursuant to a Sales and Marketing Agreement entered into as of October 22, 2019, Millwork & Panel sells its products to an affiliate, CertainTeed LLC, for resale to customers.

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DBMP LLC Case No. 20-30080 (JCW) Exhibit C Description of Intercompany Claims As described above, Millwork & Panel is the only non-debtor entity owned or controlled by the Debtor. As such, there are no claims between Millwork & Panel and any other controlled non-debtor entity.

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DBMP LLC Case No. 20-30080 (JCW) Exhibit D Allocation of Tax Liabilities and Assets Saint-Gobain Corporation (“SGC”) is the ultimate U.S. parent of both the Debtor and CertainTeed LLC (“New CT”). SGC has entered into a tax sharing agreement with its direct and indirect subsidiaries that constitute a tax group (the “Tax Sharing Agreement”). In addition, the Debtor, New CT and SGC are parties to the Amended and Restated Tax Item Allocation Agreement dated as of October 23, 2019 (the “Tax Item Allocation Agreement”). If implemented, under the Tax Item Allocation Agreement, (a) the Debtor and Millwork & Panel would be treated as if they constitute a division of New CT; (b) accordingly, all tax items of the Debtor and Millwork & Panel would be included in calculating the separate return liability and allocations of all other tax items of New CT under the Tax Sharing Agreement; and (c) the Debtor and Millwork & Panel would not separately calculate separate return liability or obtain an allocation of any tax items. The Debtor and New CT are disregarded entities for tax purposes, and under the current circumstances, there is no intention to implement the Tax Item Allocation Agreement.

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DBMP LLC Case No. 20-30080 (JCW) Exhibit E Description of Payments by the Controlled Non-Debtor Entity of Claims, Administrative Expenses or Professional Fees Otherwise Payable by the Debtor No payments otherwise payable by the Debtor have been paid by Millwork & Panel.

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