Case: jtg Doc #:700 Filed: 02/23/17 Page 1 of 17

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1 Case: jtg Doc #:700 Filed: 02/23/17 Page 1 of 17

2 Case: jtg Doc #:700 Filed: 02/23/17 Page 2 of 17 OPERATING STATEMENT (P&L) NOTE: Allocation of Costs between Debtors have not been Analyzed. Current Month Total Since Filing Total Revenue / Sales 0 3,529,386 Cost of Sales 0 2,243,299 GROSS PROFIT 0 1,286,087 EXPENSES: Officer Compensation 2, ,905 Salary Expenses other Employees 4, ,514 Employee Benefits & Pensions 1, ,234 Payroll Taxes 1,256 13,463 Other Taxes Interim Personnel and Purchased Services 44, ,448 Interest Expense 0 768,236 Insurance 0 44,315 Automobile and Truck Expense 0 35,781 Utilities (gas, electric, phone) 0 137,127 Depreciation 0 1,619,338 Travel and Entertainment 0 16,192 Repairs and Maintenance 0 342,377 Rent Expense 0 0 Supplies, Office Expense, etc. 0 13,454 Other: Miscellaneous Expenses 2, ,401 Other Specify 0 0 TOTAL EXPENSES 56,310 5,185,449 NET OPERATING PROFIT / (LOSS) (56,310) (3,899,362) Add: Non Operating Income: Interest Income 0 46,124 Other Income 0 0 Less: Non Operating Expenses: Professional Fees (96,908) (4,886,651) Loss on Sale of Assets and Account Changes (A) 0 (9,201,790) NET INCOME / (LOSS (153,218) (17,941,678) (A) Includes Loss on Sale of Assets and Changes to Claim and Account Balances. FORM 2

3 Case: jtg Doc #:700 Filed: 02/23/17 Page 3 of 17 BALANCE SHEET Current Month Prior Month At Filing ASSETS (A): Cash 4,001,032 4,247, ,166 Inventory ,055 Accounts Receivables 1,000,000 1,000, ,457 Insider Receivables Land, Buildings, Improvements and Assets for Potential Buildout of Facilities 0 0 5,450,601 Network and Equipment 20,000 20,000 56,388,198 Accumulated Depreciation 0 0 (18,727,919) Other: Other Current Assets 223, ,650 2,359,474 Other: Other Long Term Assets 30,140 30,140 8,757,478 Interco Balances and Investment 8,485,038 8,480,136 10,683,528 TOTAL ASSETS 13,759,860 14,001,776 66,504,038 LIABILIITIES (A): Postpetition Liabilities: Accounts Payable 168, ,032 0 Rent and Lease Payable ,638 Wages and Salaries 71,498 71,498 0 Taxes Payable Other: Other Current Liabs (B) 1,598,490 1,598,490 0 Other: Deferred Revenue ,997,032 Other: Income Taxes 283, ,801 2,454 TOTAL Postpetition Liab. 2,122,589 2,201,822 11,613,125 Secured Liabilities: Subject to Postpetition Collateral or Financing Order All Other Secured Liab ,207,299 TOTAL Secured Liab ,207,300 Prepetition Liabilities: Taxes & Other Priority Liab. 45,226 54, ,310 Unsecured Liabilities 3,628,639 3,628,639 3,042,220 Other: Intercompany Balances (B) TOTAL Prepetition Liab. 3,673,865 3,683,331 3,778,530 EQUITY (A): Owners Capital 15,197,000 15,197,000 15,197,000 Retained Earnings Pre Pet. 10,708,084 10,708,084 10,708,084 Retained Earnings Post Pet. (17,941,678) (17,788,460) 0 TOTAL Equity 7,963,405 8,116,623 25,905,084 TOTAL LIABILITIES AND EQUITY 13,759,860 14,001,776 66,504,038 (A) Intercompany Transactions and Allocation of Costs between Entities still to be Analyzed. (B) Other Accrued Liabilities primarily relates to retained bankruptcy professionals. FORM 3

4 Case: jtg Doc #:700 Filed: 02/23/17 Page 4 of 17 SUMMARY OF OPERATIONS Schedule of Postpetition Taxes Payable Beginning Balance Accrued / Withheld Payments / Deposits Ending Accrual (Prepaid) Balance Income Taxes Withheld: Federal 0 2,324 2,324 0 State Local FICA Withheld 0 1,282 1,282 0 Employers FICA 0 1,282 1,282 0 Unemployment Tax: Federal State 0 1,591 1,591 0 Property Taxes Workers' Compensation (0) 0 0 (0) Other TOTALS 0 7,251 7,251 0 AGING OF ACCOUNTS RECEIVABLE AND POSTPETITION ACCOUNTS PAYABLE Age in Days Over 60 Post Petition Accounts Payable 168, Accounts Receivable 0 0 1,000,000 Accounts Payable represent primarily amounts due the various restructuring professionals. Describe events or factors occurring during this reporting period materially affecting operations and formulation of a Plan of Reorganization: FORM 4

5 Case: jtg Doc #:700 Filed: 02/23/17 Page 5 of 17 MONTHLY CASH STATEMENT Cash Activity Analysis (Book Basis Ties to G/L): Comerica Checking Account Money Market Account Bank of America Checking Bank of America Minimum Creditors Return Bank of America Professional Fee Account Bank of America Potential Secured Claims A. Beginning Balance 2,050, , ,000 1,150, ,536 B. Receipts (Attach separate schedule) C. Transfers In (from other accounts) D. Balance Available 2,050, , ,000 1,150, ,536 (A + B + C) E. Less Disbursements (23,553) (223,265) (Attach separate schedule) F. Transfers Out (to other accounts) G. ENDING BALANCE 2,027, , ,000 1,150, ,536 (D E F) (PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH ACCOUNT) Comerica Bank Accounts: 1. Depository Name & Location Comerica Bank, 2615 Lake Lansing Rd, East Lansing, MI 2. Checking Account Number xxxx Creditors Minimum Return A/C # xxxx 8538 Bank of America Bank Accounts: 1. Depository Name & Location Bank of America, 1390 Lake Lansing Rd, East Lansing, MI 2. Checking Account Number xxxx Creditors Minimum Return A/C # xxxx Professional Fees A/C # xxxx Potential Secured Claims A/C # xxxx 2431 Other monies on hand (specify type and location) i.e., CD's, bonds, etc.): None Date: February 20, 2017 Great Lakes Comnet, Inc. Debtor In Possession FORM 5

6 Case: jtg Doc #:700 Filed: 02/23/17 Page 6 of 17 BANK RECONCILIATION Cash Activity Analysis (Book Basis Ties to G/L): Comerica Checking Account Money Market Account Bank of America Checking A. Ending Balance per Book 2,027, ,160 B. Outstanding Checks 6,870 17,037 C. Deposits in Transit D. Ending Balance per Bank 2,034, ,197 Bank of America Minimum Creditors Return Bank of America Professional Fee Account Bank of America Potential Secured Claims A. Ending Balance per Book 500,000 1,150, ,536 B. Outstanding Checks C. Deposits in Transit D. Ending Balance per Bank 500,000 1,150, ,536 NOTE: Bank Statement Information Available Upon Request. SUMMARY OF ENDING BALANCES IN ALL GLC AND COMLINK CASH ACCOUNTS: GLC Cash: Comerica Checking Account 2,027,227 Money Market Account 110 Bank of America Checking 130,160 Bank of America Minimum Creditors Return 500,000 Bank of America Professional Fee Account 1,150,000 Bank of America Potential Secured Claims 193,536 Total GLC Cash 4,001,032 Comlink Cash: Comerica Checking Account 1,561,047 Bank of America Checking 31,843 1,592,890 Total GLC and Comlink Cash 5,593,922

7 Case: jtg Doc #:700 Filed: 02/23/17 Page 7 of 17 Comerica Account: Cash Book Basis Disbursements and Receipts Cash Activity Analysis (Book Basis Ties to G/L): Date Vendor/Customer Code Journal Source Amount Disbursements: 1/4/2017 Healthequity Inc Healthequi 03 Jan BR G/L /11/2017 Healthequity Inc Healthequi 10 Jan BR G/L /13/2017 Paychex-hrs Hrs Pmt BR P/R /13/2017 Service Charge BR G/L /18/2017 Healthequity Inc Healthequi 17 Jan BR G/L 1, /31/2017 To Record Payroll PPE 01/31/2017 PR P/R 12, /31/2017 To Record Payroll Tax Deposits PPE 01/31/2017 PR P/R 7, /31/2017 To Record Paychex Fees PPE 01/31/2017 PR P/R Total Disbursements 23,552.53

8 Case: jtg Doc #:700 Filed: 02/23/17 Page 8 of 17 Bank of America Checking Account: Cash Book Basis Disbursements and Receipts Cash Activity Analysis (Book Basis Ties to G/L): Date Vendor/Customer Code Journal Source Amount Disbursements: 1/5/2017 JAFFE RAITT HEUER & WEISS P.C CD A/P 9, /5/2017 KLEIN LAW GROUP PLLC CD A/P 4, /10/2017 SCHREUR FINANCIAL ADVISORY SERVICES, LLC CD A/P 49, /13/2017 ALIX PARTNERS LLP CD A/P 14, /13/2017 COOLEY LLP CD A/P 43, /13/2017 KURTZMAN CARSON CONSULTANTS LLC CD A/P 5, /13/2017 LOOMIS EWERT PARSLEY DAVIS & GOTTING CD A/P 15, /13/2017 MILLER CANFIELD PADDOCK AND STONE PLC CD A/P 36, /13/2017 ALIX PARTNERS LLP CD A/P 9, /18/2017 DAVID C. SCHROEDER CD A/P 1, /18/2017 DAVE FOX CD A/P 1, /18/2017 GEORGE J ORPHAN CD A/P 1, /18/2017 JANET BEILFUSS CD A/P 1, /18/2017 JAFFE RAITT HEUER & WEISS P.C CD A/P 5, /18/2017 RANDY K FLETCHER CD A/P 1, /18/2017 JOHN C. SUMMERSETT CD A/P 1, /18/2017 SCHREUR FINANCIAL ADVISORY SERVICES, LLC CD A/P 9, /18/2017 SIDNEY S. SHANK CD A/P /18/2017 TODD R ROESLER CD A/P 1, /18/2017 US TRUSTEE CD A/P 4, /25/2017 SCHREUR FINANCIAL ADVISORY SERVICES, LLC CD A/P 7, Total Disbursements 223,265.40

9 Case: jtg Doc #:700 Filed: 02/23/17 Page 9 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: John C. Summersett Shareholder X Officer X Director Insider Detailed Description of Duties: CEO Current Compensation Paid: Weekly or Monthly (A) 5,000 Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Other Other Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 6,200 Date: February 20, 2017 (A) Represents total of all payments during current month. FORM 6

10 Case: jtg Doc #:700 Filed: 02/23/17 Page 10 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: Schreur Financial Advisory Services, LLC Shareholder Officer Director X Insider Detailed Description of Duties: Provider of Interim CFO Services Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Weekly Fees) 66,288 Other Total Other Payments 66,288 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 66,288 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

11 Case: jtg Doc #:700 Filed: 02/23/17 Page 11 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: Randy K. Fletcher Shareholder Officer X Director Insider Detailed Description of Duties: Director, Chairman of Board Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 1,200 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

12 Case: jtg Doc #:700 Filed: 02/23/17 Page 12 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: Janet Beilfuss Shareholder Officer X Director Insider Detailed Description of Duties: Director, Secretary Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 1,200 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

13 Case: jtg Doc #:700 Filed: 02/23/17 Page 13 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: Todd R. Roesler Shareholder Officer X Director Insider Detailed Description of Duties: Director, Treasurer Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 1,200 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

14 Case: jtg Doc #:700 Filed: 02/23/17 Page 14 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: Sidney S. Shank Shareholder Officer X Director Insider Detailed Description of Duties: Director Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 800 Total Other Payments 800 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 800 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

15 Case: jtg Doc #:700 Filed: 02/23/17 Page 15 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: George J. Orphan Shareholder Officer X Director Insider Detailed Description of Duties: Director Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 1,200 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

16 Case: jtg Doc #:700 Filed: 02/23/17 Page 16 of 17 MONTHLY STATEMENT OF INSIDER COMPENSATION / PAYMENTS The following information is to be provided for each shareholder, officer, director, manager, insider or owner that is employed by the debtor in possession. Attach additional pages if necessary. Name: David Fox Shareholder Officer X Director Insider Detailed Description of Duties: Director Current Compensation Paid: Weekly or Monthly (A) Current Benefits Paid: Health Insurance Life Insurance Retirement Company Vehicle Entertainment Travel Other Benefits Total Benefits Current Other Payments Paid: Rent Paid Loans Other (Fees for Directors' Meetings) 1,200 Total Other Payments 1,200 CURRENT TOAL OF ALL PAYMENTS Weekly or Monthly 1,200 Date: February 20, 2017 FORM 6 (A) Represents total of all payments during current month.

17 Case: jtg Doc #:700 Filed: 02/23/17 Page 17 of 17 SCHEDULE OF IN FORCE INSURANCE INSURANCE TYPE CARRIER EXPIRATION DATE Commercial Umbrella Insurance Directors, Officers and Managers Insurance All Risk Blanket Insurance Workers Comp Insurance Federated Rural Electric Insurance Exchange Federated Rural Electric Insurance Exchange Federated Rural Electric Insurance Exchange Federated Rural Electric Insurance Exchange November 18, 2016 November 18, 2016 November 18, 2016 November 18, 2016 NOTE: Federated Rural Electric Insurance Exchange elected not to renew policies. As minimal assets exist, the only insurance that was purchased is a 3 month reporting tail on the D&O policy. FORM 7