BANKRUPTCY TRUSTEE’S MOTION FOR AUTHORITY TO (A) MAKE AN INTERIMDISTRIBUTION ON THE STONE STREET CLAIM (B) MAKE SIXTH INTERIMDISTRIBUTION AND (C) APPLICATION TO PAY INTERIM COMPENSATIONTO TRUSTEE

TAKE NOTICE that the Trustee in this case has filed a Bankruptcy Trustee’s Motion for
Authority to (A) Make an Interim Distribution on the Stone Street Claim (B) Make a Sixth
Interim Distribution and (C) Application to Pay Interim Compensation to Trustee (the
“Motion”). The Motion requests approval for the Trustee: (1) to make an interim distribution to
the holder of the Stone Street Claim in the amount of $1,000,000 (2) to make a sixth interim
distribution to holders of allowed Enhanced Claims against TSI, WSC, and SPP in the aggregate
amount of $853,619.84; and (3) to pay a Trustee Commission calculated on the interim
distribution in the amount of $55,608.60.

If you want the Court to consider your views on the motion, then, on or before January 25, 2023, you should file a response as set forth in the notice of opportunity for hearing linked below.

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Trustee Files Interim Applications for Compensation for Grier Wright Martinez, PA and Middleswarth Bowers and Company

Joseph W. Grier, III (“Trustee”) has filed papers with the Court seeking an Order
allowing interim compensation and reimbursement of expenses for Grier Wright Martinez, PA as
attorneys to Trustee for the period November 1, 2021 through April 30, 2022 as follows:
$11,682.00 in professional fees and $98.05 in reimbursement of expenses be paid as a cost of
administration of the bankruptcy estates of TSI Holdings, LLC, WSC Holdings, LLC and
SouthPark Partners, LLC (the “Ponzi Entities”); and
Joseph W. Grier, III (“Trustee”) has filed papers with the Court seeking an Order
allowing interim compensation and reimbursement of expenses for Edward Bowers and
Middleswarth, Bowers and Co. as accountants to Trustee for the period November 1, 2021
through April 30, 2022 as follows: $7,951.50 in professional fees and $10.90 in reimbursement
of expenses be paid as a cost of administration of the bankruptcy estates of TSI Holdings, LLC,
WSC Holdings, LLC and SouthPark Partners, LLC (the “Ponzi Entities”).

If you do not want the Court to authorize the compensation and reimbursement of expenses which have been requested, or if you want the Court to consider your views on the request for compensation, then on or before fourteen days after the date of this notice, you or your attorney must do the following: (1) file a written response explaining your position with the Court; (2) mail, fax, or email a copy of your response to the Trustee; and (3) attend a hearing on your response at 9:30 a.m.. on June 13, 2022 in JCW Courtroom 2B in the U.S. Courthouse, 401 West Trade Street, Charlotte, North Carolina.

If you or your attorney do not take these steps, the Court may decide that you do not oppose the relief the Trustee requests and may enter an order approving the applications for compensation.

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EXENSION OF TIME TO FILE TAX RETURNS OF TSI HOLDINGS, LLC

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ORDER APPROVING (A) INTERIM DISTRIBUTION ON STONE STREET CLAIM (B) AMENDMENT TO ALLOWED BASE CLAIMS and (C) FIFTH INTERIM DISTRIBUTION ON INCREASED CLAIMS AND

INTERIM COMPENSATION TO THE TRUSTEE

The Trustee will send out fifth interim distribution checks in early December in the amounts listed on the exhibit to the Order attached below.   Non-Bankruptcy Allowed Claimants will receive distribution checks from ALCS in the amounts listed on the exhibit to the Order.  If you have had an address change since the last distribution and have not let us know please email agorman@grierlaw.com or bfranklin@grierlaw.com.

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The Trustee anticipates additional distributions in this case likely in early 2023 after certain deadlines have passed.