Case 18-12378-CSS Doc 1671 Filed 10/26/20 Page 1 of 50 ¨1 ...

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3

POST-CONFIRMATION QUARTERLY SUMMARY REPORT

Debtor's Name: Welded Construction, LP, et al. Reporting Period: 08/1/2020 - 09/30/2020

Bankruptcy Number: 18-12378 (CSS) & 18-12379 (CSS) Date of Confirmation: 7/31/2020

POST CONFIRMATION QUARTERLY SUMMARY REPORT

FOR THE PERIOD FROM AUGUST 1, 2020 - SEPTEMBER 30, 2020

DocumentDocument

Attached

Schedule of Cash Receipts and Disbursements P

Bank Reconciliation P

Copy of Bank Statements / Records P

Post-Effective Date Debtor Case No.

Welded Construction, LP 18-12378 (CSS)

Welded Construction Michigan, LLC 18-12379 (CSS)

This Post Confirmation Quarterly Summary Report ("QSR") includes the activity of each of the following entities (collectively, the "Post-

Effective Date Debtors") on a consolidated basis pursuant to the confirmed Amended Chapter 11 Plan of Welded Construction, L.P. and

Welded Construction Michigan, LLC (the "Plan") for the quarter ended September 30, 2020 and for the Post-Confirmation Period August 1,

2020 through September 30, 2020:

This QSR has been prepared solely for the purpose of complying with the post confirmation quarterly reporting requirements applicable in

these chapter 11 cases and is in a format acceptable to the United States Trustee. The financial information contained herein is limited in

scope and covers a limited time period. Moreover, such information is preliminary and unaudited, and is not prepared in accordance with

generally accepted accounting principles ("GAAP") in the United States.

In preparing the QSR, the Post-Effective Date Debtors relied upon financial data derived from the Debtor’s books and records that were

available at the time of such preparation. Although reasonable efforts were made to ensure the accuracy and completeness of such financial

information, inadvertent errors or omissions, as well as the discovery of conflicting, revised or subsequent information may cause a material

change to the QSR. Accordingly, all rights are reserved to amend, supplement or otherwise modify the QSR as is necessary and appropriate.

Notwithstanding the foregoing, the Post-Effective Date Debtors shall not be required to update the QSR.

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Case 18-12378-CSS Doc 1671 Filed 10/26/20 Page 1 of 50

¨1¤q7n4*: '¢«

1812378201026000000000007

Docket #1671 Date Filed: 10/26/2020



Debtor's Name: Welded Construction, LP et al. Reporting Period: 08/1/2020 - 09/30/2020


QSR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

FOR REPORTING PERIOD AUGUST 1, 2020 - SEPTEMBER 30, 2020

Welded

Construction, L.P.

Welded Construction

Michigan, LLC

Beginning Cash Balance: 28,944,977.43$ -$

Cash sales - -

Collection of accounts receivable - -

Proceeds from litigation (settlement or otherwise) 342,256.35 -

Sale of Debtor assets - -

Capital infusions pursuant to the Plan - -

All other receipts made in the ordinary course 848.92 -

Total Receipts: 343,105.27 -

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

Disbursements made under the plan, excluding

the administrative claims of bankruptcy professionals (13,057.58) -

Disbursements made pursuant to the administrative

claims of bankruptcy professionals (2,086,574.52) -

All other disbursements made in the ordinary course (198,546.28) -

Total Disbursements (2,298,178.38) -

Ending Cash Balance 26,989,904.32$ -$

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

Total Disbursements (2,298,178.38)$ -$

PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES - -

Total Disbursements (2,298,178.38)$ -$

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct

to the best of my knowledge and belief.

Date Cullen D. Speckhart, Esq., Plan Administrator

Debtors: Welded Construction, LP, and Welded Construction Michigan, LLC

Case Numbers: 18-12378 (CSS) and 18-12379 (CSS)

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10/20/2020




Debtor's Name: Welded Construction, LP, et al. Reporting Period: 08/1/2020 - 09/30/2020


QSR-2: BANK RECONCILIATION

BANK BALANCES AS OF SEPTEMBER 30, 2020

Debtor Bank Name Account Description Account Number Bank Balance

Welded Construction, L.P. Signature Bank (1)

Operating Account XXXXXXX-8613 15,599,526.95$


LXP Account XXXXXXX-8621 161,553.57


ASR Account XXXXXXX-8648 482,829.81


ETP Account XXXXXXX-8656 993,296.79


Admin & Priority Claims ReserveXXXXXXX-8664 3,625,403.56


Convenience Claim Reserve XXXXXXX-8672 2,977,293.64


Professional Fee Reserve XXXXXXX-8680 3,150,000.00

Total 26,989,904.32$

Notes:

1. Signature Bank accounts were opened in August 2020; Huntington and JPM bank accounts were closed in September 2020

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QSR-3

Copy of Bank Statements / Records

Case Number: 18-12378 (CSS) & 18-12379 (CSS)

Case Name: Bank Name: Huntington Bank

Account: ******0247 - Concentration Account

Taxpayer ID#: **-***3777 Blanket Bond: N/A

Period: 08/01/20 - 08/31/20 Separate Bond: N/A

Trans.

Date

Check or

Ref. #Paid To / Received From Description of Transaction

Uniform

Tran. Code

Receipts

$

Disbursements

$

Checking

Account Balance

08/03/20 888803535 Wire Transfer Debit WT 20,460.00 27,286,870.47

08/04/20 522063719 Check Paid CHK 538.53 27,286,331.94

08/04/20 512056953 Check Paid CHK 43.38 27,286,288.56

08/05/20 522063719 Check Reversal CHK 538.53 27,286,827.09

08/05/20 Zba Debit ZBA 12,693.70 27,274,133.39

08/17/20 Miscellaneous Fees FEE 956.10 27,273,177.29

08/17/20 Miscellaneous Fees FEE 426.93 27,272,750.36

08/19/20 888803447 Wire Transfer Debit WT 20,000,000.00 7,272,750.36

08/20/20 6340010870 Electronic Transfer Credit TRXF 482,820.02 7,755,570.38


08/21/20 888803858 Wire Transfer Debit WT 7,700,000.00 217,120.67


08/25/20 152038468 Regular Deposit DEP 134.01 1,210,531.33

08/31/20 888803561 Wire Transfer Debit WT 1,208,031.33 2,500.00

08/17/20 Miscellaneous Fees FEE 1,420.54 1,079.46

09/10/20 888803561 Wire Transfer Debit TRXF 1,079.46 0.00

ACCOUNT TOTALS $ 1,638,319.50 $ 28,945,649.97 $ -

Less Bank Transfers 1,637,646.96 28,909,110.79

Subtotal 672.54 36,539.18

Less: Payment to Debtors 0.00 0.00

NET Receipts / Disbursements 672.54 36,539.18

Welded Construction, LP, et al.

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WELDED CONSTRUCTION LP1299 PENNSYLVANIA AVE NW STE 700WASHINGTON DC 20004-2431

Have a Question or Concern?

Stop by your nearestHuntington office orcontact us at:

1-800-480-2001

www.huntington.com/businessresources

Huntington Hybrid Checking Account: -------0247

Statement Activity From:08/01/20 to 08/31/20

Days in Statement Period 31

Average Ledger Balance* 16,623,896.07Average Collected Balance* 16,623,887.42

* The above balances correspond to theservice charge cycle for this account.

Beginning Balance $27,307,330.47Credits (+) 1,638,319.50

Regular Deposits 134.01Electronic Deposits 1,637,646.96Other Credits 538.53

Debits (-) 28,943,149.97Regular Checks Paid 581.91Wire Transfer Debits 28,928,491.33Service Charges 1,383.03ZBA Debits 12,693.70

Ending Balance $2,500.00

Deposits (+) Account:-------0247

Date Amount Serial # Type Date Amount Serial # Type

08/25 134.01 Brch/ATM

Other Credits (+) Account:-------0247

Date Amount Description

08/05 538.53 SUBSTITUTE CHECK REVERSAL

08/20 482,820.02 BUS ONL TFR FRM CHECKING 082020 1742



Checks (-) Account:-------0247

Date Amount Check # Date Amount Check #

08/04 43.38 336501 08/04 538.53 336510*

(*) Indicates the prior sequentially numbered check(s) may have 1) been voided by you 2) not yet been presented 3) appeared on a previousstatement or 4) been included in a list of checks.

THE HUNTINGTON NATIONAL BANKPO BOX 1558 EA1W37COLUMBUS OH 43216-1558

Investments are offered through the Huntington Investment Company, Registered Investment Advisor, member FINRA/SIPC, a wholly-ownedsubsidiary of Huntington Bancshares Inc.

The Huntington National Bank is Member FDIC. , Huntington and 24-Hour Grace are federally registered service marks of HuntingtonBancshares Incorporated. The 24-Hour Grace system and method is patented: US Pat. No. 8,364,581, 8,781,955, 10,475,118, and otherspending. 82020 Huntington Bancshares Incorporated.

Statement Period from 08/01/20 to 08/31/20 Page 1 of 2

Case 18-12378-CSS Doc 1671 Filed 10/26/20 of 50

Checks - Adjustments/Corrections/Returns Account:-------0247

Date Amount Check # Explanation

08/04 538.53 336510 Positive pay default return

Section provides detail from Adjustment / Corrections / Returns requests received via the Check / Reverse Positive Pay services.

Other Debits (-) Account:-------0247


08/03 20,460.00 OUTGOING FEDWIRE TRANSFER - MANUAL

08/17 956.10 PRIOR MONTH'S SERVICE CHARGES

08/17 426.93 PRIOR MONTH'S SERVICE CHARGES

08/19 20,000,000.00 OUTGOING FEDWIRE TRANSFER - MANUAL



ZBA Debits (-) Account:-------0247


08/05 12,693.70 ZBA DEBIT - MASTER ACCOUNT TO 8815

Balance Activity Account:-------0247

Date Balance Date Balance Date Balance

07/31 27,307,330.4708/03 27,286,870.4708/04 27,286,288.5608/05 27,274,133.39

08/17 27,272,750.3608/19 7,272,750.3608/20 7,917,120.6708/21 217,120.67

08/24 1,210,397.3208/25 1,210,531.3308/31 2,500.00

In the Event of Errors or Questions Concerning Electronic Fund Transfers (electronic deposits, withdrawals, transfers,payments, or purchases), please call either 1-614-480-2001 or call toll free 1-800-480-2001, or write to The Huntington National Bank Research- EA4W61, P.O. Box 1558, Columbus, Ohio 43216 as soon as you can, if you think your statement or receipt is wrong or if you need moreinformation about an electronic fund transfer on the statement or receipt. We must hear from you no later than 60 days after we sent you theFIRST statement on which the error or problem appeared.

1. Tell us your name, your business's name (if appropriate) and the Huntington account number (if any).2. Describe the error or the transaction you are unsure about, and explain as clearly as you can why you believe there is an error or why

you need more information.3. Tell us the dollar amount of the suspected error. We will investigate your complaint or question and will correct any error promptly.

Verification of Electronic Deposits If you authorized someone to make regular electronic fund transfers of money to your account atleast once every sixty days, you can find out whether or not the deposit has been received by us, call either 1-614-480-2001 or call toll free1-800-480-2001.

Balancing Your Statement - For your convenience, a balancing page is available on our web site https://www.huntington.com/pdf/balancing.pdfand also available on Huntington Business Online.



Account Type

Ledger Balance

Opening Available$2,500.00

$2,500.00

Collected Balance $2,500.00

NSF Amount $0.00 One Day Float $0.00

Two Or More Days Float $0.00

Total Debits (1) -$1,208,031.33 Total Credits (0) $0.00

Summary Balances as of 08/31/2020

Hybrid Checking - Concentration

REPORTS - ACTIVITY FROM 08/03/2020 TO 08/31/2020

Opening Ledger Balance as of 08/03/2020 $27,307,330.47

Date Type Description Cust Ref # Bank Ref # DebitAmount

CreditAmount

RunningBalance

08/03/2020 WT WIRE TRANSFER DEBIT 3535 3535 -$20,460.00 $27,286,870.4708/04/2020 CHK CHECK PAID 6510 3719 -$538.53 $27,286,331.9408/04/2020 CHK CHECK PAID 6501 6953 -$43.38 $27,286,288.56

08/05/2020 CHK CHECK REVERSAL 6510 3719 $538.53 $27,286,827.0908/05/2020 ZBA ZBA DEBIT -$12,693.70 $27,274,133.3908/17/2020 FEE MISCELLANEOUS FEES 0247 -$956.10 $27,273,177.2908/17/2020 FEE MISCELLANEOUS FEES 1739 -$426.93 $27,272,750.36

08/19/2020 WT WIRE TRANSFER DEBIT 3447 3447 -$20,000,000.00 $7,272,750.3608/20/2020 TRXF ELECTRONIC TRANSFER CREDIT 0870 $482,820.02 $7,755,570.3808/20/2020 TRXF ELECTRONIC TRANSFER CREDIT 0918 $161,550.29 $7,917,120.67

08/21/2020 WT WIRE TRANSFER DEBIT 3858 3858 -$7,700,000.00 $217,120.6708/24/2020 TRXF ELECTRONIC TRANSFER CREDIT 8743 $993,276.65 $1,210,397.3208/25/2020 DEP REGULAR DEPOSIT 8468 $134.01 $1,210,531.3308/31/2020 WT WIRE TRANSFER DEBIT 03561 3561 -$1,208,031.33 $2,500.00

Account Totals -$28,943,149.97 $1,638,319.50

...0247 / CONCENTRATION Bank: HNB / Currency: USD

Transactions

WELDED CONSTRUCTION: Jackie Krzysztofik

Printer Friendly https://businessonline.huntington.com/BOLHome/PrinterFriendly.aspx

1 of 1 9/1/2020, 10:04 AM


WELDED CONSTRUCTION LPLXP ACCOUNT1299 PENNSYLVANIA AVE NW STE 700WASHINGTON DC 20004-2431



1-800-480-2001


Huntington Analyzed Checking Account: -------1739



Average Ledger Balance* 99,014.69Average Collected Balance* 99,014.69


Beginning Balance $161,550.29Debits (-) 161,550.29

Electronic Withdrawals 161,550.29Ending Balance $0.00



08/20 161,550.29 BUS ONL TFR TO CHECKING 082020 0247



07/31 161,550.29 08/20 0.00











WELDED CONSTRUCTION LPASR ACCOUNT1299 PENNSYLVANIA AVE NW STE 700WASHINGTON DC 20004-2431



1-800-480-2001














07/31 482,820.02 08/20 0.00











WELDED CONSTRUCTION LPETP ACCOUNT1299 PENNSYLVANIA AVE NW STE 700WASHINGTON DC 20004-2431



1-800-480-2001














07/31 993,276.65 08/24 0.00











WELDED CONSTRUCTION LPPAYROLL ACCOUNT1299 PENNSYLVANIA AVE NW STE 700WASHINGTON DC 20004-2431



1-800-480-2001


Huntington Hybrid Checking Account: -------8815



Average Ledger Balance* 0.00Average Collected Balance* 0.00


Beginning Balance $0.00Credits (+) 12,693.70

ZBA Credits 12,693.70Debits (-) 12,693.70

Wire Transfer Debits 12,693.70Ending Balance $0.00

ZBA Credits (+) Account:-------8815


08/05 12,693.70 ZBA CREDIT - SUB ACCOUNT FROM 0247







07/31 0.00 08/05 0.00






Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Checking

Account Balance

08/19/20 9999 20,000,000.00

08/21/20 9999 27,700,000.00

08/26/20 9999 3,150,000.00 24,550,000.00

08/26/20 9999 2,977,233.28 21,572,766.72

08/26/20 9999 3,625,330.05 17,947,436.67

08/26/20 9999 993,276.65 16,954,160.02

08/26/20 9999 482,820.02 16,471,340.00

08/26/20 9999 161,550.29 16,309,789.71

08/28/20 7030 829,893.63 15,479,896.08

08/31/20 9999 16,687,927.41

08/31/20 10001 7028 4.26 16,687,923.15

08/31/20 10002 7028 1,184.56 16,686,738.59

08/31/20 10003 7028 295.70 16,686,442.89

08/31/20 10004 7028 245.25 16,686,197.64

08/31/20 10005 7028 355.80 16,685,841.84

08/31/20 10006 7028 863.30 16,684,978.54

09/01/20 7030 60,121.52 16,624,857.02

09/01/20 10007 100 22,801.13 16,602,055.89

09/01/20 10008 100 12,361.17 16,589,694.72

09/01/20 10009 7028 49,948.85 16,539,745.87

09/02/20 7030 5,545.10 16,534,200.77

09/04/20 7030 555,852.50 15,978,348.27

09/04/20 7030 60,959.40 15,917,388.87

09/04/20 7030 86,243.18 15,831,145.69

09/04/20 10010 7030 23,939.89 15,807,205.80

09/04/20 10011 7030 8,915.48 15,798,290.32

09/04/20 10012 7030 13,250.00 15,785,040.32

09/04/20 10013 7028 538.53 15,784,501.79

09/04/20 10014 7028 1,600.00 15,782,901.79

09/04/20 10015 7028 1,000.00 15,781,901.79

09/10/20 7028 13,057.58 15,768,844.21

09/10/20 9999 15,769,923.67

09/22/20 10016 7028 1,489.52 15,768,434.15

Welded Construction Transfer from Huntington Concentration Account 1,079.46

DMC Technology Group, Inc. Hosted/Subscription Services Inv #27953 &

27694

PTAG Inc. Invoice #4527

Pipeline Machinery International Outgoing wire

Cleveland Brothers Equipment Fees Docket #1523

TAG Resources, LLC Invoice #TR55001323 Termination fee and final

5500 for 2019

Jacklyn Krzystofik Invoice #WCLP082020

Cooley Invoice #2209055 Plan Administration Services

through 7/31/20

Zolfo Cooper July Staffing Report Fees/Expenses

DLS Discovery LLC Invoice #145749 July 2020 fees Earthlpipeline

Discovery $1,468.71; Inv #145750 July 2020 fees

Teneo Interim Fees 20% of fees April 100% June

Blank Rome Interim Fees 20% Fees April-June

Contech Invoice #909-2605 Williams Litigation

Landis Rath & Cobb LLP Hold back and June fees

US Trustee 2nd Quarter Fees Welded Construction LP

US Trustee 2nd Quarter Fees Welded Construction Michigan

LLC

Rachel Fetchik Invoice #RF072620 $283.30; Inv #RF080220

$140.00; Inv #RF080920 $330.00; Inv Kurtzman Carson Consultants LLC Inv #US_KCC1855899

Iron Mountain Invoice #CVNV704

Iron Mountain Invoice #CVNV701

DMC Technology Group, Inc. Invoice#27633

DMC Technology Group, Inc. Invoice#27625

Welded Construction Transfer from Huntington Concentration Account 1,208,031.33

Intermedia.net Inc. Invoice #2008159906

To Account# ******8621 Transfer from Concentration account

Young, Conway, Startgatt & Taylor Professional fees May, June & July 2020





Welded Construction Incoming wire transfer from Huntington

Concentration Account

7,700,000.00


Paid To / Received From Description of TransactionReceipts

$



20,000,000.00



Case Name: Welded Construction, LP, et al. Bank Name: Signature Bank


QSR-3



Page 5 of 12


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Checking

Account BalancePaid To / Received From Description of Transaction

Receipts

$



20,000,000.00





QSR-3



09/22/20 10017 7028 1,000.00 15,767,434.15

09/22/20 10018 7028 4.26 15,767,429.89

09/22/20 10019 7028 355.80 15,767,074.09

09/22/20 10020 7028 245.25 15,766,828.84

09/22/20 10021 7028 691.85 15,766,136.99

09/24/20 7030 43,835.42 15,722,301.57

09/24/20 7030 73,910.59 15,648,390.98

09/24/20 7030 23,700.00 15,624,690.98

09/24/20 6020 15,966,947.33

09/24/20 6022 15,966,956.63

09/25/20 7030 352,058.28 15,614,898.35

09/25/20 7030 1,296.80 15,613,601.55

09/28/20 10022 7028 1,160.25 15,612,441.30

09/28/20 10023 7028 335.00 15,612,106.30

09/28/20 10024 7028 4.77 15,612,101.53

09/29/20 7030 12,574.58 15,599,526.95

$13,651,849.49

11,390,210.29

$15,599,526.95

2,261,639.20

0.00

NET Receipts / Disbursements $2,261,639.20342,265.65

$342,265.65

Subtotal

Less: Payment to Debtors

$29,251,376.44

28,909,110.79

ACCOUNT TOTALS

Less: Bank Transfers

Deluxe Check order fee

DLS Discovery LLC Invoice #145756, 142557, 142558, 143395,

143397, 143541

Contech Outside Services/Litigation Inv #909-2621

Seyfarth Shaw LLP Outside Services Inv #3473004

Young, Conway, Startgatt & Taylor 21st Fee Application

Landis Rath & Cobb LLP Final fee

Chubb In settlement of expense payment 342,256.35

Verizon Credit for account 9.30

Blank Rome July 2020 & Final Fees

Teneo Welded Payment - July 2020 & Final Fee

Rachel Fetchik Outside Services Invoice #RF090620 &

RF091520Kurtzman Carson Consultants LLC Inv #US_KCC1874748

Iron Mountain Outside Services Inv #CXBY774

Iron Mountain Outside Services Inv #CXBY775

PTAG Inc. Outside Services Inv #4545

Intermedia.net Inc. Hosted/Subscription Services Inv #2009166733

Page 6 of 12


Statement Period From August 13, 2020 To August 31, 2020 Page 1 of 3 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 8-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8613 MONOGRAM CHECKING .00 16,687,927.41 RELATIONSHIP TOTAL 16,687,927.41


Statement Period From August 13, 2020 To August 31, 2020 Page 2 of 3 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 8-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 0 MONOGRAM CHECKING 8613 CONCENTRATION ACCOUNT Summary Previous Balance as of August 13, 2020 .00 3 Credits 28,908,031.33 7 Debits 12,220,103.92 Ending Balance as of August 31, 2020 16,687,927.41 Deposits and Other Credits Aug 19 INCOMING WIRE 20,000,000.00 REF# 20200819B6B7261F00197808191527FT03 FROM: WELDED CONSTRUCTION ABA: 044000024 BANK: Aug 21 INCOMING WIRE 7,700,000.00 REF# 20200821B6B7261F00134608211227FT03 FROM: WELDED CONSTRUCTION ABA: 044000024 BANK: Aug 31 INCOMING WIRE 1,208,031.33 REF# 20200831B6B7261F00137008311100FT03 FROM: WELDED CONSTRUCTION ABA: 044000024 BANK: Withdrawals and Other Debits Aug 25 TELEPHONE XFER DR 161,550.29 TELEPHONE TRANSFER TO: XXXXXX8621 Aug 25 TELEPHONE XFER DR 482,820.02 TELEPHONE TRANSFER TO: XXXXXX8648 Aug 25 TELEPHONE XFER DR 993,276.65 TELEPHONE TRANSFER TO: XXXXXX8656 Aug 25 TELEPHONE XFER DR 2,977,233.28 TELEPHONE TRANSFER TO: XXXXXX8672 Aug 25 TELEPHONE XFER DR 3,150,000.00 TELEPHONE TRANSFER TO: XXXXXX8680


Statement Period From August 13, 2020 To August 31, 2020 Page 3 of 3 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 8-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 0 Date Description Aug 25 TELEPHONE XFER DR 3,625,330.05 TELEPHONE TRANSFER TO: XXXXXX8664 Aug 28 OUTGOING WIRE XFER 829,893.63 REF# 20200828B6B7261F003818 TO: YOUNG CONAWAY STARGATT & TAYLOR ABA: 031100102 BANK: WSFS WILM DE ACCT# 6742 Daily Balances Aug 13 .00 Aug 25 16,309,789.71 Aug 19 20,000,000.00 Aug 28 15,479,896.08 Aug 21 27,700,000.00 Aug 31 16,687,927.41 Rates for this statement period - Overdraft Aug 13, 2020 13.000000 %


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 4 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 9-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 18 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8613 MONOGRAM CHECKING 16,687,927.41 15,604,208.34 RELATIONSHIP TOTAL 15,604,208.34


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 4 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 9-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 18 MONOGRAM CHECKING 8613 CONCENTRATION ACCOUNT Summary Previous Balance as of September 01, 2020 16,687,927.41 2 Credits 343,345.11 30 Debits 1,427,064.18 Ending Balance as of September 30, 2020 15,604,208.34 Deposits and Other Credits Sep 10 INCOMING WIRE 1,079.46 REF# 20200910B6B7261F00152709101206FT03 FROM: WELDED CONSTRUCTION ABA: 044000024 BANK: Sep 24 DEPOSIT ref# 342,265.65 Withdrawals and Other Debits Sep 01 OUTGOING WIRE XFER 60,121.52 REF# 20200901B6B7261F004861 TO: KURTZMAN CARSON CONSULTANTS LLC ABA: 021001088 BANK: HSBC USA ACCT# 0 3571 Sep 02 OUTGOING WIRE XFER 5,545.10 REF# 20200902B6B7261F002611 TO: LANDIS RATH & COBB LLP ABA: 031100102 BANK: WSFS WILM DE ACCT# 0643 Sep 04 OUTGOING WIRE XFER 60,959.40 REF# 20200904B6B7261F003377 TO: BLANK ROME LLC ABA: 036076150 BANK: CITIZENS BANK, NA ACCT# 9326 Sep 04 OUTGOING WIRE XFER 86,243.18 REF# 20200904B6B7261F003376 TO: ALIXPARTNERS LLP ABA: 026009593 BANK: BK AMER NYC ACCT# 9732 OBI: ZOLFO STAFFING REPORT JULY 2020


Statement Period From September 01, 2020 To September 30, 2020 Page 3 of 4 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L.P. 9-161 CASE # 18 12378 CULLEN D.SPECKHART AS PLAN ADMINISTRATOR CONCENTRATION ACCOUNT 1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8613 18 Date Description OBI: OBI: Sep 04 OUTGOING WIRE XFER 555,852.50 REF# 20200904B6B7261F003434 TO: TENEO CAPITAL LLC ABA: 021001088 BANK: HSBC USA ACCT# 2737 OBI: WELDED PAYMENT-20% APRIL, MAY, JUNE FEES OBI: OBI: Sep 10 OUTGOING WIRE XFER 13,057.58 REF# 20200910B6B7261F002488 TO: PIPELINE MACHINERY INTERNATIONAL L ABA: 121000248 BANK: WELLS FARGO NA ACCT# 7583 Sep 24 OUTGOING WIRE XFER 23,700.00 REF# 20200924B6B7261F002637 TO: TENEO CAPITAL LLC ABA: 021001088 BANK: HSBC USA ACCT# 2737 Sep 24 OUTGOING WIRE XFER 43,835.42 REF# 20200924B6B7261F003022 TO: KURTZMAN CARSON CONSULTANTS LLC ABA: 021001088 BANK: HSBC USA ACCT# 3571 Sep 24 OUTGOING WIRE XFER 73,910.59 REF# 20200924B6B7261F002776 TO: BLANK ROME LLC ABA: 036076150 BANK: CITIZENS BANK, NA ACCT# 9326 OBI: PAYMENT WELDED-JULY 2020 & FINAL FEE OBI: OBI: Sep 25 OUTGOING WIRE XFER 1,296.80 REF# 20200925B6B7261F003102 TO: LANDIS RATH & COBB LLP ABA: 031100102 BANK: WSFS WILM DE ACCT# 0643 Sep 25 OUTGOING WIRE XFER 352,058.28 REF# 20200925B6B7261F003163 TO: YOUNG CONAWAY STARTGATT & TAYLOR ABA: 031100102 BANK: WSFS WILM DE ACCT# 6742 Sep 29 OUTGOING WIRE XFER 12,574.58 REF# 20200929B6B7261F002949 TO: DLS DISCOVERY LLC ABA: 031100102


Statement PeriodFrom September 01, 2020To September 30, 2020Page 4 of 4

PRIVATE CLIENT GROUP 161565 FIFTH AVENUENEW YORK, NY 10017

WELDED CONSTRUCTION, L.P. 9-161CASE # 18 12378CULLEN D.SPECKHART AS PLAN ADMINISTRATORCONCENTRATION ACCOUNT1299 PENNSYLVANIA AVENUE, NW SUITE 700 See Back for Important Information WASHINGTON DC 20004

Primary Account: 8613 18

Date DescriptionBANK: WSFS WILM DE ACCT# 0329

Checks by Serial NumberSep 08 1001 4.26 Sep 11 1010 23,939.89Sep 08 1002 1,184.56 Sep 08 1011 8,915.48Sep 08 1003 295.70 Sep 09 1012 13,250.00Sep 04 1004 245.25 Sep 16 1013 538.53Sep 04 1005 355.80 Sep 16 1014 1,600.00Sep 14 1006 863.30 Sep 23 1015 1,000.00Sep 10 1007 22,801.13 Sep 30 1018 * 4.26Sep 10 1008 12,361.17 Sep 30 1019 355.80Sep 09 1009 49,948.85 Sep 30 1020 245.25

* Indicates break in check sequence

Daily BalancesAug 31 16,687,927.41 Sep 14 15,773,062.20Sep 01 16,627,805.89 Sep 16 15,770,923.67Sep 02 16,622,260.79 Sep 23 15,769,923.67Sep 04 15,918,604.66 Sep 24 15,970,743.31Sep 08 15,908,204.66 Sep 25 15,617,388.23Sep 09 15,845,005.81 Sep 29 15,604,813.65Sep 10 15,797,865.39 Sep 30 15,604,208.34Sep 11 15,773,925.50

Rates for this statement period - OverdraftSep 01, 2020 13.000000 %


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Money Market

Account Balance

08/26/20 9999 161,550.29

08/31/20 6022 161,550.91

09/30/20 6022 161,553.57

$0.00

0.00

$161,553.57

0.00

0.00

$0.00

Subtotal


3.28

NET Receipts / Disbursements $3.28

ACCOUNT TOTALS


$161,553.57

161,550.29

Signature Bank Interest Credit 0.62



$

From Account# ******8613 Transfer from Concentration account 161,550.29

Taxpayer ID#: **-***3777 Blanket Bond:

Period: 08/01/20 - 09/30/20 Separate Bond:

Case Name: Welded Construction, LP, et al. Bank Name:

Account:

Signature Bank

******8621 - LXP N/A

N/A

QSR-3



Page 7 of 12


Statement PeriodFrom August 18, 2020To August 31, 2020Page 1 of 2


WELDED CONSTRUCTION, L. P. 8-161CASE # 18 12378CULLEN D. SPECKHART PLAN ADMINISTRATORLXP1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004


AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY"SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT"BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERALBUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDINGGUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM.SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OURCLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANYACTION THAT YOU MAY CONSIDER APPROPRIATE.

Signature Relationship Summary Opening Bal. Closing Bal.

BANK DEPOSIT ACCOUNTS8621 MONOGRAM INSURED MMA .00 161,550.91

RELATIONSHIP TOTAL 161,550.91


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR LXP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8621 0 MONOGRAM INSURED MMA 8621 LXP Summary Previous Balance as of August 18, 2020 .00 2 Credits 161,550.91 Ending Balance as of August 31, 2020 161,550.91 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 161,550.29 TELEPHONE TRANSFER FROM: XXXXXX8613 Aug 31 Interest Paid .62 Daily Balances Aug 18 .00 Aug 31 161,550.91 Aug 25 161,550.29 *======================================= Interest Summary ===========================================* * Year-To-Date Interest .62 * * Interest Paid This Period .62 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 80,775.14 Days in Period 14 * *=======================================================================================================*


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR LXP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8621 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8621 MONOGRAM INSURED MMA 161,550.91 161,553.57 RELATIONSHIP TOTAL 161,553.57


Statement PeriodFrom September 01, 2020To September 30, 2020Page 2 of 2


WELDED CONSTRUCTION, L. P. 8-161CASE # 18 12378CULLEN D. SPECKHART PLAN ADMINISTRATORLXP1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004


MONOGRAM INSURED MMA 8621

LXP

Summary

Previous Balance as of September 01, 2020 161,550.91 1 Credits 2.66

Ending Balance as of September 30, 2020 161,553.57

Deposits and Other CreditsSep 30 Interest Paid 2.66

Daily BalancesAug 31 161,550.91 Sep 30 161,553.57

*======================================= Interest Summary ===========================================* * Year-To-Date Interest 3.28 *

* Interest Paid This Period 2.66 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 161,550.91 Days in Period 30 *

*=======================================================================================================*


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Money Market

Account Balance

08/26/20 9999 482,820.02

08/31/20 6022 482,821.87

09/30/20 6022 482,829.81

$0.00

0.00

$482,829.81

0.00

0.00

$0.00

Subtotal


9.79


ACCOUNT TOTALS


$482,829.81

482,820.02




$





Account: ******8648 - ASR

QSR-3



Page 8 of 12


Statement Period From August 18, 2020 To August 31, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ASR 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8648 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8648 MONOGRAM INSURED MMA .00 482,821.87 RELATIONSHIP TOTAL 482,821.87


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ASR 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8648 0 MONOGRAM INSURED MMA 8648 ASR Summary Previous Balance as of August 18, 2020 .00 2 Credits 482,821.87 Ending Balance as of August 31, 2020 482,821.87 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 482,820.02 TELEPHONE TRANSFER FROM: XXXXXX8613 Aug 31 Interest Paid 1.85 Daily Balances Aug 18 .00 Aug 31 482,821.87 Aug 25 482,820.02 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 1.85 * * Interest Paid This Period 1.85 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 241,410.01 Days in Period 14 * *=======================================================================================================*


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ASR 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8648 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8648 MONOGRAM INSURED MMA 482,821.87 482,829.81 RELATIONSHIP TOTAL 482,829.81


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ASR 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8648 0 MONOGRAM INSURED MMA 8648 ASR Summary Previous Balance as of September 01, 2020 482,821.87 1 Credits 7.94 Ending Balance as of September 30, 2020 482,829.81 Deposits and Other Credits Sep 30 Interest Paid 7.94 Daily Balances Aug 31 482,821.87 Sep 30 482,829.81 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 9.79 * * Interest Paid This Period 7.94 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 482,821.87 Days in Period 30 * *=======================================================================================================*


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Money Market

Account Balance

08/26/20 9999 993,276.65

08/31/20 6022 993,280.46

09/30/20 6022 993,296.79

$0.00

0.00

$993,296.79

0.00

0.00

$0.00

Subtotal


20.14


ACCOUNT TOTALS


$993,296.79

993,276.65




$





Account: ******8656 - ETP

QSR-3



Page 9 of 12


Statement Period From August 18, 2020 To August 31, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ETP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8656 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8656 MONOGRAM INSURED MMA .00 993,280.46 RELATIONSHIP TOTAL 993,280.46


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ETP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8656 0 MONOGRAM INSURED MMA 8656 ETP Summary Previous Balance as of August 18, 2020 .00 2 Credits 993,280.46 Ending Balance as of August 31, 2020 993,280.46 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 993,276.65 TELEPHONE TRANSFER FROM: XXXXXX8613 Aug 31 Interest Paid 3.81 Daily Balances Aug 18 .00 Aug 31 993,280.46 Aug 25 993,276.65 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 3.81 * * Interest Paid This Period 3.81 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 496,638.32 Days in Period 14 * *=======================================================================================================*


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ETP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8656 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8656 MONOGRAM INSURED MMA 993,280.46 993,296.79 RELATIONSHIP TOTAL 993,296.79


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ETP 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8656 0 MONOGRAM INSURED MMA 8656 ETP Summary Previous Balance as of September 01, 2020 993,280.46 1 Credits 16.33 Ending Balance as of September 30, 2020 993,296.79 Deposits and Other Credits Sep 30 Interest Paid 16.33 Daily Balances Aug 31 993,280.46 Sep 30 993,296.79 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 20.14 * * Interest Paid This Period 16.33 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 993,280.46 Days in Period 30 * *=======================================================================================================*


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Money Market

Account Balance

08/26/20 9999 3,625,330.05

08/31/20 6022 3,625,343.96

09/30/20 6022 3,625,403.56

$0.00

0.00

$3,625,403.56

0.00

0.00

$0.00

Subtotal


73.51


ACCOUNT TOTALS


$3,625,403.56

3,625,330.05




$

From Account# ******8613 Transfer from Concentration account 3,625,330.05




Account: ******8664 - Administrative & Priority Claims Reserve

QSR-3



Page 10 of 12


Statement Period From August 18, 2020 To August 31, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ADMINISTRATIVE & PRIORITY CLAIMS RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8664 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8664 MONOGRAM INSURED MMA .00 3,625,343.96 RELATIONSHIP TOTAL 3,625,343.96


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ADMINISTRATIVE & PRIORITY CLAIMS RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8664 0 MONOGRAM INSURED MMA 8664 ADMINISTRATIVE & PRIORITY CLAIMS RESERV Summary Previous Balance as of August 18, 2020 .00 2 Credits 3,625,343.96 Ending Balance as of August 31, 2020 3,625,343.96 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 3,625,330.05 TELEPHONE TRANSFER FROM: XXXXXX8613 Aug 31 Interest Paid 13.91 Daily Balances Aug 18 .00 Aug 31 3,625,343.96 Aug 25 3,625,330.05 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 13.91 * * Interest Paid This Period 13.91 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 1,812,665.02 Days in Period 14 * *=======================================================================================================*


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ADMINISTRATIVE & PRIORITY CLAIMS RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8664 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8664 MONOGRAM INSURED MMA 3,625,343.96 3,625,403.56 RELATIONSHIP TOTAL 3,625,403.56


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR ADMINISTRATIVE & PRIORITY CLAIMS RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8664 0 MONOGRAM INSURED MMA 8664 ADMINISTRATIVE & PRIORITY CLAIMS RESERV Summary Previous Balance as of September 01, 2020 3,625,343.96 1 Credits 59.60 Ending Balance as of September 30, 2020 3,625,403.56 Deposits and Other Credits Sep 30 Interest Paid 59.60 Daily Balances Aug 31 3,625,343.96 Sep 30 3,625,403.56 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 73.51 * * Interest Paid This Period 59.60 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 3,625,343.96 Days in Period 30 * *=======================================================================================================*


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Money Market

Account Balance

08/26/20 9999 2,977,233.28

08/31/20 6022 2,977,244.70

09/30/20 6022 2,977,293.64

$0.00

0.00

$2,977,293.64

0.00

0.00

$0.00

Subtotal


60.36


ACCOUNT TOTALS


$2,977,293.64

2,977,233.28




$





Account: ******8672 - Convenience Claim Reserve

QSR-3



Page 11 of 12


Statement Period From August 18, 2020 To August 31, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR CONVENIENCE CLAIM RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8672 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8672 MONOGRAM INSURED MMA .00 2,977,244.70 RELATIONSHIP TOTAL 2,977,244.70


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR CONVENIENCE CLAIM RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8672 0 MONOGRAM INSURED MMA 8672 CONVENIENCE CLAIM RESERVE Summary Previous Balance as of August 18, 2020 .00 2 Credits 2,977,244.70 Ending Balance as of August 31, 2020 2,977,244.70 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 2,977,233.28 TELEPHONE TRANSFER FROM: XXXXXX8613 Aug 31 Interest Paid 11.42 Daily Balances Aug 18 .00 Aug 31 2,977,244.70 Aug 25 2,977,233.28 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 11.42 * * Interest Paid This Period 11.42 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 1,488,616.64 Days in Period 14 * *=======================================================================================================*


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR CONVENIENCE CLAIM RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8672 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8672 MONOGRAM INSURED MMA 2,977,244.70 2,977,293.64 RELATIONSHIP TOTAL 2,977,293.64


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR CONVENIENCE CLAIM RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8672 0 MONOGRAM INSURED MMA 8672 CONVENIENCE CLAIM RESERVE Summary Previous Balance as of September 01, 2020 2,977,244.70 1 Credits 48.94 Ending Balance as of September 30, 2020 2,977,293.64 Deposits and Other Credits Sep 30 Interest Paid 48.94 Daily Balances Aug 31 2,977,244.70 Sep 30 2,977,293.64 *======================================= Interest Summary ===========================================* * Year-To-Date Interest 60.36 * * Interest Paid This Period 48.94 Annual Percentage Yield Earned 0.02 % * * Avg. Balance this Period 2,977,244.70 Days in Period 30 * *=======================================================================================================*


Trans.

Date

Check or

Ref. #

Uniform

Tran. Code

Disbursements

$

Checking

Account Balance

08/26/20 9999 3,150,000.00

$0.00

0.00

$3,150,000.00

0.00

0.00

$0.00

Subtotal


0.00


ACCOUNT TOTALS


$3,150,000.00

3,150,000.00

Paid To / Received FromDescription of Transaction

Receipts

$




Case Name: Welded Construction, LP et al. Bank Name: Signature Bank

Account: ******8680 - Professional Fee Reserve

QSR-3



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Statement Period From August 18, 2020 To August 31, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR PROFESSIONAL FEE RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8680 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8680 MONOGRAM CHECKING .00 3,150,000.00 RELATIONSHIP TOTAL 3,150,000.00


Statement Period From August 18, 2020 To August 31, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR PROFESSIONAL FEE RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8680 0 MONOGRAM CHECKING 8680 PROFESSIONAL FEE RESERVE Summary Previous Balance as of August 18, 2020 .00 1 Credits 3,150,000.00 Ending Balance as of August 31, 2020 3,150,000.00 Deposits and Other Credits Aug 25 TELEPHONE XFER CR 3,150,000.00 TELEPHONE TRANSFER FROM: XXXXXX8613 Daily Balances Aug 18 .00 Aug 25 3,150,000.00 Rates for this statement period - Overdraft Aug 18, 2020 13.000000 %


Statement Period From September 01, 2020 To September 30, 2020 Page 1 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR PROFESSIONAL FEE RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8680 0 AVOID BUSINESS E-MAIL FINANCIAL FRAUD! PLEASE VISIT THE "PRIVACY & SECURITY" SECTION LOCATED UNDER THE "ABOUT US" HEADING AT WWW.SIGNATURENY.COM. SELECT "BUSINESS E-MAIL COMPROMISE" TO READ THE RECENT NEWS FROM THE FEDERAL BUREAU OF INVESTIGATION REGARDING FRAUD TARGETING BUSINESSES, INCLUDING GUIDANCE ON WHAT YOU CAN DO TO REDUCE YOUR RISK OF BECOMING A VICTIM. SIGNATURE BANK BELIEVES THAT THIS IS IMPORTANT NEWS TO SHARE WITH OUR CLIENTS. WE ARE MAKING IT AVAILABLE TO YOU FOR YOUR INFORMATION AND ANY ACTION THAT YOU MAY CONSIDER APPROPRIATE. Signature Relationship Summary Opening Bal. Closing Bal. BANK DEPOSIT ACCOUNTS 8680 MONOGRAM CHECKING 3,150,000.00 3,150,000.00 RELATIONSHIP TOTAL 3,150,000.00


Statement Period From September 01, 2020 To September 30, 2020 Page 2 of 2 PRIVATE CLIENT GROUP 161 565 FIFTH AVENUE NEW YORK, NY 10017 WELDED CONSTRUCTION, L. P. 8-161 CASE # 18 12378 CULLEN D. SPECKHART PLAN ADMINISTRATOR PROFESSIONAL FEE RESERVE 1299 PENNSYLVANIA AVE, NW-SUITE 700 See Back for Important Information WASHINGTON DC 20004 Primary Account: 8680 0 MONOGRAM CHECKING 8680 PROFESSIONAL FEE RESERVE Summary Previous Balance as of September 01, 2020 3,150,000.00 There was no deposit activity during this statement period Ending Balance as of September 30, 2020 3,150,000.00 Rates for this statement period - Overdraft Sep 01, 2020 13.000000 %


Case 18-12378-CSS Doc 1671 Filed 10/26/20 Page 1 of 50 ¨1 ...

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