Case Document 841 Filed in TXSB on 01/15/19 Page 1 of 6 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION

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1 Case Document 841 Filed in TXSB on 01/15/19 Page 1 of 6 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION IN RE: Chapter 11 LOCKWOOD HOLDINGS, INC., et al. 1 Debtors. Case No (DRJ) (Jointly Administered) MONTHLY FEE STATEMENT OF STOUT RISIUS ROSS, LLC AS FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM DECEMBER 1, 2018 THROUGH DECEMBER 31, 2018 TO THE APPLICATION RECIPIENTS: This Fee Statement is filed by Stout Risius Ross, LLC ( Stout ) for the Period of December 1, 2018 through December 31, The interim compensation order entered on April 18, 2018 at docket no. 326 permits court-approved professionals to submit fee statements on a monthly basis. The order states, On or after the 20th day of each month following the month for which compensation is sought, each Professional seeking compensation may file a statement with the Court (each, a Monthly Fee Statement ), indicating the compensation for services rendered and reimbursement of expenses incurred during the preceding month. Each Monthly Fee Statement shall include (i) a summary of compensation sought by category, (ii) a summary showing each professional who worked on the case and amount of time spent, and (iii) copies of applicable invoices, which may be redacted as may be appropriate. Each Monthly Fee Statement shall be served by to: (i) the Debtors; (ii) counsel to the Debtors; (iii) the Office 1 The debtors in these cases, along with the last four digits of their respective taxpayer ID numbers, are Lockwood Holdings, Inc. (9726), LH Aviation, LLC (6984); Piping Components, Inc. (0197); Lockwood International, Inc. (8597); Lockwood Enterprises, Inc. (6504); LMG Manufacturing, Inc. (9468); and 7807 Eagle Lane, LLC (7382) (collectively, the Debtors ). 1

2 Case Document 841 Filed in TXSB on 01/15/19 Page 2 of 6 of the United States Trustee for the Southern District of Texas; (iv) counsel to the Committee; and (v) counsel to Wells Fargo Bank, N.A., (collectively, the Application Recipients ). In accordance with the interim compensation order, Stout provides the attached Exhibit A detailing work performed on behalf of the debtors from December 1, 2018 through December 31, During this period, Stout professionals expended 27.4 hours while serving the Official Committee of Unsecured Creditors. Fees are charged using hourly rates, in accordance with the order approving the Application to Employ Stout Risius Ross, LLC as Financial Advisor to the Official Committee of Unsecured Creditors nunc pro tunc to February 26, Total fees for the period of December 1, 2018 through December 31, 2018 are $10, The following table shows Stout s fees by category. Category Hours Amount Case Administration 5.8 $ 2, Fee/Employment Applica 8.1 2, Financial Analysis Plan of Reorganization , Grand Total 27.4 $ 10, The following table shows Stout s fees by professional. Professional Hours Amount Balladares, Ramiro E. 1.1 $ Baumgartner, John D , Hill, Hayden P , Grand Total 27.4 $ 10, The interim compensation order authorizes the Debtors to pay 80% of fees and 100% of expenses unless objections are raised within 20 days of receipt of the fee statement. The amount 2

3 Case Document 841 Filed in TXSB on 01/15/19 Page 3 of 6 requested to be paid by the Debtors is 80% of the fees incurred and 100% of the reimbursable expenses incurred, or $8, Stout will request payment of the remaining balance in the next interim fee application. Dated: January 15, 2019 Respectfully submitted, Stout Risius Ross, LLC By: John D. Baumgartner jbaumgartner@stout.com 1000 Main, Suite 3200 Houston, TX Telephone: (713)

4 Case Document 841 Filed in TXSB on 01/15/19 Page 4 of 6 APPLICATION RECIPIENTS SERVED: On January 15, 2019, the following Application Recipients were provided with a copy of Stout s Fee Statement for December 1, 2018 through December 31, 2018: Debtors: Lockwood Holdings, Inc. et. al Mark Shapiro By mshapiro@glassratner.com Debtors Counsel: Gray Reed & McGraw LLP Jason S. Brookner By jbrookner@grayreed.com Lydia R. Webb By lwebb@grayreed.com Office of the U.S. Trustee: Hector Duran By Hector.Duran.Jr@usdoj.gov Committee Counsel: McKool Smith P.C. Christopher Johnson By cjohnson@mckoolsmith.com Wells Fargo Bank, N.A. Counsel: Winstead, P.C. Rakhee Patel By rpatel@winstead.com Sean Davis By sbdavis@winstead.com John D. Baumgartner 4

5 Case Document 841 Filed in TXSB on 01/15/19 Page 5 of 6 Exhibit A Professional Fees

6 Case Document 841 Filed in TXSB on 01/15/19 Page 6 of 6 Official Committee of Unsecured Creditors of Lockwood Holdings, Inc. Time Details December 1, December 31, 2018 Date Name Title Hours Rate Amount Description Category 12/19/2018 Baumgartner, John D. Managing Dir. 1.1 $ $ Review of motion re bar date extension and revised statements and schedules Case Administration for LII; exchange with UCC counsel re motion 12/20/2018 Baumgartner, John D. Managing Dir , Prepare for hearing re approval of disclosure statement, authority to distribute Case Administration sale proceeds and extension of bar date for certain creditors; including review of disclosure statement and draft orders 12/20/2018 Baumgartner, John D. Managing Dir Attend hearing re approval of disclosure statement, authority to distribute sale Case Administration proceeds and extension of bar date for certain creditors 12/20/2018 Hill, Hayden P Associate Prepare for hearing re: plan confirmation. Case Administration 12/20/2018 Hill, Hayden P Associate Attend hearing re: plan confirmation. Case Administration 5.8 2, Case Administration Total 12/3/2018 Baumgartner, John D. Managing Dir Review and revise fee application Fee/Employment Applications 12/3/2018 Hill, Hayden P Associate Discussions with J. Baumgartner and M. Stoner re: updates to Stout's interim fee Fee/Employment Applications application; review amounts received from client, as of the date of the interim fee application. 12/4/2018 Hill, Hayden P Associate Update Stout's interim fee application; discussions with M. Stoner and J. Baumgartner re: same; perform quality review of interim fee application and incorporate necessary edits. Fee/Employment Applications 12/4/2018 Hill, Hayden P Associate Prepare Stout's monthly fee application and time detail exhibit for the month of Fee/Employment Applications November 2018; discussions with M. Stoner and J. Baumgartner re: same. 12/5/2018 Baumgartner, John D. Managing Dir Finalize third interim fee application and circulate to committee counsel for Fee/Employment Applications review 12/5/2018 Hill, Hayden P Associate Perform quality review of November 2018 monthly fee application; discussions Fee/Employment Applications with J. Baumgartner re: same. 12/6/2018 Baumgartner, John D. Managing Dir Prepare draft order for third interim fee application and send to committee Fee/Employment Applications counsel for filing with the application 12/6/2018 Hill, Hayden P Associate Review and edit Stout's monthly fee statement for November 2018; send to J. Fee/Employment Applications Baumgartner for finalization. 12/17/2018 Baumgartner, John D. Managing Dir Review and revise November fee statement; circulate to notice parties Fee/Employment Applications 12/17/2018 Hill, Hayden P Associate Update November fee statement; discussions with J. Baumgartner re: same. Fee/Employment Applications 8.1 2, Fee/Employment Applications Total 12/5/2018 Hill, Hayden P Associate Discussions with J. Baumgartner re: reconciliation of analyses estimating the Financial Analysis distributable cash flow to claimants in a Chapter 11 setting. 12/5/2018 Hill, Hayden P Associate Analyze schedules received from the CRO; reconcile estimated cash flows to Financial Analysis claimants; create a schedule highlighting key points for phone call with C. Johnson re: distribution analysis Financial Analysis Total 12/3/2018 Baumgartner, John D. Managing Dir Conference with committee counsel re plan status, property taxes, transfer of Plan of Reorganization books/records to post-confirmation trustee 12/3/2018 Baumgartner, John D. Managing Dir to CRO re transfer of books/records to post-confirmation trustee and Plan of Reorganization retention of critical software licenses 12/5/2018 Baumgartner, John D. Managing Dir Review draft plan and provide comments to committee counsel Plan of Reorganization 12/5/2018 Baumgartner, John D. Managing Dir Review of proposed cash distribution summary and provide comments to Plan of Reorganization committee counsel 12/7/2018 Balladares, Ramiro E. Manager Reviewed the disclosure statement discussing the preference releases Plan of Reorganization 12/7/2018 Balladares, Ramiro E. Manager Conference with J Baumgartner re: reviewed the disclosure statement discussing Plan of Reorganization the preference releases 12/7/2018 Baumgartner, John D. Managing Dir Review and revise draft disclosure statement section regarding release of noinsider Plan of Reorganization preference claims 12/7/2018 Baumgartner, John D. Managing Dir Conference with committee counsel re draft disclosure statement section Plan of Reorganization regarding release of no-insider preference claims 12/10/2018 Baumgartner, John D. Managing Dir exchange with debtors' advisors and lenders' counsel re secured creditor Plan of Reorganization recovery analysis 12/11/2018 Baumgartner, John D. Managing Dir Prepare for and Conference with committee counsel and H Hill (Stout) re Plan of Reorganization proposed settlement with Mike Lockwood for the Hockley property and other plan points to be negotiated 12/11/2018 Baumgartner, John D. Managing Dir Follow up and conference with H Hill (Stout) re documents to be reviewed Plan of Reorganization 12/11/2018 Hill, Hayden P Associate Discuss issues surrounding Hockley property with J. Baumgartner; review schedules and underlying information from court filings pertaining to the Hockley property. 12/11/2018 Hill, Hayden P Associate Participate in phone call with C. Johnson and J. Baumgartner re: Hockley proceeds and the ultimate effect on the bankruptcy proceedings; post-call discussions with J. Baumgartner re: next steps and remaining open items. Plan of Reorganization Plan of Reorganization 12/12/2018 Baumgartner, John D. Managing Dir to CRO re secured lender distribution analysis Plan of Reorganization 12/12/2018 Baumgartner, John D. Managing Dir Review of draft motion to approve disclosure statement Plan of Reorganization 12/20/2018 Baumgartner, John D. Managing Dir Read and provide suggestions to counsel for UCC letter in support of the plan of Plan of Reorganization reorganization , Plan of Reorganization Total 27.4 $ 10, Grand Total