Case: jtg Doc #:645 Filed: 12/21/16 Page 1 of 16

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1 Case: jtg Doc #:645 Filed: 12/21/16 Page 1 of 16

2 Case: jtg Doc #:645 Filed: 12/21/16 Page 2 of 16 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 362, ,206, ,000 1,150, ,536 B. Receipts 15,072 (Attach separate schedule) C. Transfers In 90,251 (from other accounts) D. Balance Available 362, ,311, ,000 1,150, ,536 (A + B + C) E. Less Disbursements (68,294) (148,886) (Attach separate schedule) F. Transfers Out (90,251) (to other accounts) G. ENDING BALANCE 294, ,162, ,000 1,059, ,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 Great Lakes Comnet, Inc. Debtor In Possession FORM 5

3 Case: jtg Doc #:645 Filed: 12/21/16 Page 3 of 16 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 294, ,162,441 B. Outstanding Checks 6,007 18,507 C. Deposits in Transit D. Ending Balance per Bank 300, ,180,948 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 1,059, ,536 B. Outstanding Checks C. Deposits in Transit D. Ending Balance per Bank 500,000 1,059, ,536 NOTE: Bank Statement Information Available Upon Request. SUMMARY OF ENDING BALANCES IN ALL GLC AND COMLINK CASH ACCOUNTS: GLC Cash: Comerica Checking Account 294,600 Money Market Account 110 Bank of America Checking 1,162,441 Bank of America Minimum Creditors Return 500,000 Bank of America Professional Fee Account 1,059,749 Bank of America Potential Secured Claims 193,536 Total GLC Cash 3,210,435 Comlink Cash: Comerica Checking Account 1,629,916 Bank of America Checking 44,528 1,674,444 Total GLC and Comlink Cash 4,884,879

4 Case: jtg Doc #:645 Filed: 12/21/16 Page 4 of 16 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: 9/1/2016 To Everstream for July Deposits CD A/P 2, /7/ BCBSHE W02468 MC G/L /9/2016 To Record Payroll PPE 09/03/20 PR G/L 20, /9/2016 To Record Payroll Tax Deposits PR G/L 13, /13/ BCBSHE W02470 MC G/L /13/ PAY W02471 MC G/L /14/2016 Bank Service Fees BR G/L /14/ BCBSHE W02472 MC G/L /16/ PAY W02473 MC G/L /20/2016 To Everstream for August Deposits CD A/P 27, /20/ S46050U W02469 MC G/L /21/ BCBSHE W02474 MC G/L /23/ PAY W02475 MC G/L /23/2016 To Record Payroll PPE 09/17/20 PR G/L /23/2016 To Record Payroll Tax Deposits PR G/L /28/ BCBSHE W02476 MC G/L Total Disbursements 68,294.08

5 Case: jtg Doc #:645 Filed: 12/21/16 Page 5 of 16 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: 9/1/2016 ALIX PARTNERS LLP CD A/P 20, /1/2016 COOLEY LLP CD A/P 9, /1/2016 JAFFE RAITT HEUER & WEISS P.C. CD A/P 6, /1/2016 MILLER CANFIELD PADDOCK AND ST CD A/P 51, /1/2016 O'KEEFE AND ASSOCIATES CONSULT CD A/P 2, /8/2016 SCHREUR FINANCIAL ADVISORY SER CD A/P 6, /15/2016 SCHREUR FINANCIAL ADVISORY SER CD A/P 9, /19/2016 US TRUSTEE CD A/P 19, /20/2016 DAVID C. SCHROEDER CD A/P /20/2016 DAVE FOX CD A/P /20/2016 JANET BEILFUSS CD A/P /20/2016 LESLIE JENKINS CD A/P /20/2016 RANDY K FLETCHER CD A/P /20/2016 JOHN C. SUMMERSETT CD A/P /20/2016 SCHREUR FINANCIAL ADVISORY SER CD A/P 9, /20/2016 SIDNEY S. SHANK CD A/P /20/2016 TODD R ROESLER CD A/P /28/2016 SCHREUR FINANCIAL ADVISORY SER CD A/P 9, /30/2016 CLINTON COUNTY TELEPHONE CO. 0 CD A/P Total Disbursements 148, Receipts: 9/2/2016 CCTC Reimbursement of Payroll Transfer BR A/P 12, /13/2016 Guardian Insurance Refund Check BR A/P 2, /30/2016 CCTC check sent by customer to GLC. Check #612 above was used CR A/P to send cash to CCTC Total Receipts 15, Transfers In: 9/1/2016 Transfer from Professional Fee Account to cover Professional Fees Paid During Month JE A/P 90, Total Transfers In 90,251.39

6 Case: jtg Doc #:645 Filed: 12/21/16 Page 6 of 16 Bank of America Professional Fees Account: Cash Book Basis Disbursements and Receipts Cash Activity Analysis (Book Basis Ties to G/L): Date Vendor/Customer Code Journal Source Amount Transfers Out: 9/1/2016 Transfer to Checking Account to cover Prof Fees Paid JE , Total Transfers Out 90,251.39

7 Case: jtg Doc #:645 Filed: 12/21/16 Page 7 of 16 Name: John C. Summersett Shareholder X Officer X Director Insider CEO 32,000 Health Insurance 382 Life Insurance 92 Total Benefits 474 Other (Fees for Directors' Meetings) 400 Other (Cell Phone Reimbursement) Other Total Other Payments ,874

8 Case: jtg Doc #:645 Filed: 12/21/16 Page 8 of 16 Name: Schreur Financial Advisory Services, LLC Shareholder Officer Director X Insider Provider of Interim CFO Services Health Insurance Life Insurance Total Benefits Other (Weekly Fees) 35,643 Total Other Payments 35,643 35,643

9 Case: jtg Doc #:645 Filed: 12/21/16 Page 9 of 16 Name: Randy K. Fletcher Shareholder Officer X Director Insider Director, Chairman of Board Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

10 Case: jtg Doc #:645 Filed: 12/21/16 Page 10 of 16 Name: Janet Beilfuss Shareholder Officer X Director Insider Director, Secretary Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

11 Case: jtg Doc #:645 Filed: 12/21/16 Page 11 of 16 Name: Todd R. Roesler Shareholder Officer X Director Insider Director, Treasurer Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

12 Case: jtg Doc #:645 Filed: 12/21/16 Page 12 of 16 Name: Sidney S. Shank Shareholder Officer X Director Insider Director Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Other (Expense Reimbursement) Total Other Payments

13 Case: jtg Doc #:645 Filed: 12/21/16 Page 13 of 16 Name: David C. Schroeder Shareholder Officer X Director Insider Director Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

14 Case: jtg Doc #:645 Filed: 12/21/16 Page 14 of 16 Name: Leslie Jenkins Shareholder Officer X Director Insider Former Director Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

15 Case: jtg Doc #:645 Filed: 12/21/16 Page 15 of 16 Name: David Fox Shareholder Officer X Director Insider Director Health Insurance Life Insurance Total Benefits Other (Fees for Directors' Meetings) 400 Total Other Payments

16 Case: jtg Doc #:645 Filed: 12/21/16 Page 16 of 16 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 FORM 7