official form 425c - stretto

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 1

Official Form 425C

Monthly Operating Report for Small Business Under Chapter 11 12/17

Month: ___________ Date report filed: ___________ MM / DD / YYYY

Line of business: Support Activities for Rail Transportation NAISC code: ___________

In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the following small business monthly operating report and the accompanying attachments and, to the best of my knowledge, these documents are true, correct, and complete.

Responsible party: ____________________________________________

Original signature of responsible party ____________________________________________

Printed name of responsible party ____________________________________________

1. Questionnaire

Answer all questions on behalf of the debtor for the period covered by this report, unless otherwise indicated.

Yes No N/A

If you answer No to any of the questions in lines 1-9, attach an explanation and label it Exhibit A.

1. Did the business operate during the entire reporting period?

2. Do you plan to continue to operate the business next month?

3. Have you paid all of your bills on time?

4. Did you pay your employees on time?

5. Have you deposited all the receipts for your business into debtor in possession (DIP) accounts?

6. Have you timely filed your tax returns and paid all of your taxes?

7. Have you timely filed all other required government filings?

8. Are you current on your quarterly fee payments to the U.S. Trustee or Bankruptcy Administrator?

9. Have you timely paid all of your insurance premiums?

If you answer Yes to any of the questions in lines 10-18, attach an explanation and label it Exhibit B.

10. Do you have any bank accounts open other than the DIP accounts?

11. Have you sold any assets other than inventory?

12. Have you sold or transferred any assets or provided services to anyone related to the DIP in any way?

13. Did any insurance company cancel your policy?

14. Did you have any unusual or significant unanticipated expenses?

15. Have you borrowed money from anyone or has anyone made any payments on your behalf?

16. Has anyone made an investment in your business?

Check if this is anamended filing

Debtor Name __________________________________________________________________

United States Bankruptcy Court for the: _______ District of ________

Case number: _________________________

Fill in this information to identify the case:

Case 20-11462-JTD Doc 148 Filed 07/20/20 of 29

Debtor Name _______________________________________________________ Case number_____________________________________


17. Have you paid any bills you owed before you filed bankruptcy?

18. Have you allowed any checks to clear the bank that were issued before you filed bankruptcy?

2. Summary of Cash Activity for All Accounts

19. Total opening balance of all accounts

This amount must equal what you reported as the cash on hand at the end of the month in the previousmonth. If this is your first report, report the total cash on hand as of the date of the filing of this case.

$ 1,017,973.00

20. Total cash receipts

Attach a listing of all cash received for the month and label it Exhibit C. Include allcash received even if you have not deposited it at the bank, collections onreceivables, credit card deposits, cash received from other parties, or loans, gifts, orpayments made by other parties on your behalf. Do not attach bank statements inlieu of Exhibit C.

Report the total from Exhibit C here. $ 435,804.66

21. Total cash disbursements

Attach a listing of all payments you made in the month and label it Exhibit D. List thedate paid, payee, purpose, and amount. Include all cash payments, debit cardtransactions, checks issued even if they have not cleared the bank, outstandingchecks issued before the bankruptcy was filed that were allowed to clear this month,and payments made by other parties on your behalf. Do not attach bank statementsin lieu of Exhibit D.

Report the total from Exhibit D here.- $ 122,755.44

22. Net cash flow

Subtract line 21 from line 20 and report the result here.This amount may be different from what you may have calculated as net profit.

+ $ 313,049.22

23. Cash on hand at the end of the month

Add line 22 + line 19. Report the result here.

Report this figure as the cash on hand at the beginning of the month on your next operating report.

This amount may not match your bank account balance because you may have outstanding checks thathave not cleared the bank or deposits in transit.

= $ 1,331,022.22

3. Unpaid Bills

Attach a list of all debts (including taxes) which you have incurred since the date you filed bankruptcy but have not paid. Label it Exhibit E. Include the date the debt was incurred, who is owed the money, the purpose of the debt, and when the debt is due. Report the total from Exhibit E here.

24. Total payables $ 51,725.11

(Exhibit E)




4. Money Owed to You

Attach a list of all amounts owed to you by your customers for work you have done or merchandise you have sold. Include amounts owed to you both before, and after you filed bankruptcy. Label it Exhibit F. Identify who owes you money, how much is owed, and when payment is due. Report the total from Exhibit F here.

25. Total receivables $ 160,131.55

(Exhibit F)

5. Employees

26. What was the number of employees when the case was filed? 0

27. What is the number of employees as of the date of this monthly report? 0

6. Professional Fees

28. How much have you paid this month in professional fees related to this bankruptcy case? $ 0.00

29. How much have you paid in professional fees related to this bankruptcy case since the case was filed? $ 0.00

30. How much have you paid this month in other professional fees? $ 0.00

31. How much have you paid in total other professional fees since filing the case? $ 0.00

7. Projections

Compare your actual cash receipts and disbursements to what you projected in the previous month. Projected figures in the first month should match those provided at the initial debtor interview, if any.

Column A Column B Column C

Projected – Actual = Difference

Copy lines 35-37 from the previous month’s report.

Copy lines 20-22 ofthis report.

Subtract Column B from Column A.

32. Cash receipts $ 364,157.00 – $ 435,804.66

33. Cash disbursements $ 324,126.00 – $ 122,755.44

= $ 71,647.66 = $ 201,370.56

34. Net cash flow $ 40,041.00 – $ 313,049.22=

$ 273,018.22

35. Total projected cash receipts for the next month:

36. Total projected cash disbursements for the next month:

37. Total projected net cash flow for the next month:

$ 227,228.00

- $ 558,144.00

= - $ 330,915.00




8. Additional Information

If available, check the box to the left and attach copies of the following documents.

38. Bank statements for each open account (redact all but the last 4 digits of account numbers).

39. Bank reconciliation reports for each account.

40. Financial reports such as an income statement (profit & loss) and/or balance sheet.

41. Budget, projection, or forecast reports.

42. Project, job costing, or work-in-progress reports.


In re Basin Transload, LLC Case No. 20-11462-JTD Debtor Reporting Period: June 1, 2020 through June 30, 2020

Payor Number Date Fees Expenses Fees ExpensesN/A N/A ‐$ N/A N/A N/A ‐$ ‐$ ‐$ ‐$

Year‐To‐Date

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAIDThis schedule is to include all retained professional payments from case inception to current month.

Payee Period CoveredAmount Approved

Check Amount Paid


15. Have you borrowed money from anyone or has anyone made any payments on your behalf?

18. Have you allowed any checks to clear the bank that were issued before you filed bankruptcy?

Pursuant to the Court's June 23, 2020 Final Order Granting (I) Authority to (A) Continue Using Existing Bank Accounts, Business Forms, Cash Management Systems, Including Opening and Closing Bank Accounts, (C) Continue Intercompany Transactions, and (D) Provide Administrative Priority for intercompany Claims, and (II) Related Relief (Docket #123), the Debtor engages in intercompany transactions with Global Partners LP ("Global Partners") whereby, among other things, Global Partners makes electronic payments on behalf of the Debtor to certain of the Debtor's vendors and leased personnel. Global Partners is reimbursed by the Debtor for these pass-through payments.

Basin Transload, LLCExhibit B

Pursuant to the Court's June 23, 2020 Final Order Pursuant to Sections 105(a), 363(b), 1107 and 1108 of the Bankruptcy Code Authorizing, But Not Requiring, Payment of Prepetition Claims of Certain Vendors (Docket #120), the Debtor was authorized to make payments of prepetition claims to certain vendors deemed critical, amounting to no more than $15,000. Two such payments to Critical Vendors were allowed to clear; the Debtor has not exceeded the $15,000 threshold authorized by the Court.


Basin Transload, LLCExhibit C

20. Total cash receipts

Name Deposit Date Deposit Amount

TESORO REFINING AND MARKETING COMPANY LLC 6/1/2020 32,838.20$

GLOBAL COMPANIES LLC 6/1/2020 66,600.00

TESORO REFINING AND MARKETING COMPANY LLC 6/5/2020 125,432.34




WEST RIVER TELECOMMUNICATIONS 6/10/2020 254.26

VALERO MARKETING & SUPPLY CO. 6/19/2020 16,197.50

VALERO MARKETING & SUPPLY CO. 6/22/2020 14,298.00


Grand Total: 435,804.66$


Basin Transload, LLCExhibit D

21. Total cash disbursements

Name Disbursement Type Disbursement Date Disbursement Amount

STRETTO (PREPETITION RETAINER) Wire 6/1/2020 25,000.00$

GLOBAL GP LLC Wire 6/3/2020 21,908.45




BANK OF AMERICA ACH Draft 6/22/2020 9,260.55

THE TANK TIGER EPAY 6/25/2020 100.00

ECOVA Check 6/25/2020 79.95

NORTHWEST COMMUNICATION COOP Check 6/25/2020 234.31

WEST RIVER TELECOMMUNICATIONS Check 6/25/2020 121.38

CIRCLE SANITATION Check 6/25/2020 113.75

VERIZON WIRELESS Check 6/25/2020 429.42

Grand Total: 122,755.44$


Basin Transload, LLCExhibit E

24. Total payables

Name Invoice Date Due Date Amount Due Not Yet Due 0-30 Days 30-60 Days 60-90 Days Over 60 Days

MGM RURAL SANITATION 3/31/2020 3/31/2020 56.50$ ‐$ ‐$ ‐$ ‐$ 56.50$

J & M HARDWARE INC 4/29/2020 5/29/2020 146.19 ‐ ‐ 146.19 ‐ ‐

NAPA AUTO PARTS 4/29/2020 5/9/2020 20.29 ‐ ‐ 20.29 ‐ ‐

ULINE 4/29/2020 5/29/2020 435.40 ‐ ‐ 435.40 ‐ ‐

FARMERS UNION OIL CO 4/30/2020 5/30/2020 1,196.52 ‐ ‐ 1,196.52 ‐ ‐

MGM RURAL SANITATION 4/30/2020 4/30/2020 56.50 ‐ ‐ ‐ 56.50 ‐

SOUTHWEST WATER AUTHORITY 4/30/2020 4/30/2020 49.00 ‐ ‐ ‐ 49.00 ‐

SOUTHWEST WATER AUTHORITY 4/30/2020 4/30/2020 61.52 ‐ ‐ ‐ 61.52 ‐

ROUGHRIDER ELECTRIC COOPERATIVE 5/1/2020 5/1/2020 56.00 ‐ ‐ ‐ 56.00 ‐

ROUGHRIDER ELECTRIC COOPERATIVE 5/1/2020 5/1/2020 110.00 ‐ ‐ ‐ 110.00 ‐

DISH DBS CORPORATION 5/4/2020 5/4/2020 115.67 ‐ ‐ 115.67 ‐ ‐

NAPA AUTO PARTS 5/4/2020 5/4/2020 372.99 ‐ ‐ 372.99 ‐ ‐

INTERTEK TESTING SERVICES 5/5/2020 5/5/2020 1,523.76 ‐ ‐ 1,523.76 ‐ ‐

BMT CONSULTING GROUP, LLC 5/6/2020 6/5/2020 3,538.54 ‐ 3,538.54 ‐ ‐ ‐

CULLIGAN WATER CONDITIONING INC 5/6/2020 5/6/2020 115.50 ‐ ‐ 115.50 ‐ ‐

DMVW RAILROAD 5/8/2020 5/8/2020 721.18 ‐ ‐ 721.18 ‐ ‐

360 OFFICE SOLUTIONS INC 5/10/2020 5/20/2020 33.89 ‐ ‐ 33.89 ‐ ‐

JACOBS HARDWARE HANK INC 5/11/2020 5/11/2020 31.29 ‐ ‐ 31.29 ‐ ‐

JACOBS HARDWARE HANK INC 5/11/2020 5/11/2020 106.32 ‐ ‐ 106.32 ‐ ‐


KOTANA COMMUNICATIONS 5/15/2020 5/15/2020 2,130.26 ‐ ‐ 2,130.26 ‐ ‐

NAPA AUTO PARTS 5/16/2020 5/16/2020 189.76 ‐ ‐ 189.76 ‐ ‐

NAPA AUTO PARTS 5/18/2020 5/18/2020 27.80 ‐ ‐ 27.80 ‐ ‐

NAPA AUTO PARTS 5/18/2020 5/18/2020 189.76 ‐ ‐ 189.76 ‐ ‐

PRAXAIR DISTRIBUTION INC 5/19/2020 6/18/2020 5.70 ‐ 5.70 ‐ ‐ ‐

MONTANA‐DAKOTA UTILITIES 5/20/2020 5/20/2020 3,396.85 ‐ ‐ 3,396.85 ‐ ‐

NORTHWEST SEPTIC & OIL FIELD SERVICES 5/22/2020 5/22/2020 400.00 ‐ ‐ 400.00 ‐ ‐

VERIZON WIRELESS 5/24/2020 5/24/2020 423.70 ‐ ‐ 423.70 ‐ ‐

NAPA AUTO PARTS 5/27/2020 5/27/2020 34.86 ‐ ‐ 34.86 ‐ ‐

NAPA AUTO PARTS 5/27/2020 5/27/2020 54.95 ‐ ‐ 54.95 ‐ ‐

PRAXAIR DISTRIBUTION INC 5/28/2020 6/27/2020 94.50 ‐ 94.50 ‐ ‐ ‐

NAPA AUTO PARTS 5/30/2020 5/30/2020 0.34 ‐ ‐ 0.34 ‐ ‐

FARMERS UNION OIL CO 5/31/2020 5/31/2020 865.78 ‐ ‐ 865.78 ‐ ‐

J & M HARDWARE INC 5/31/2020 5/31/2020 2.19 ‐ ‐ 2.19 ‐ ‐


Basin Transload, LLCExhibit E

24. Total payables

Name Invoice Date Due Date Amount Due Not Yet Due 0-30 Days 30-60 Days 60-90 Days Over 60 Days


CULLIGAN WATER CONDITIONING INC 6/1/2020 6/1/2020 5.25 ‐ 5.25 ‐ ‐ ‐

ROUGHRIDER ELECTRIC COOPERATIVE 6/1/2020 6/1/2020 105.26 ‐ 105.26 ‐ ‐ ‐

ROUGHRIDER ELECTRIC COOPERATIVE 6/1/2020 6/1/2020 40.42 ‐ 40.42 ‐ ‐ ‐


BURKE‐DIVIDE ELECTRIC COOPERATIVE 6/4/2020 6/4/2020 3,197.98 ‐ 3,197.98 ‐ ‐ ‐


T & T TRANSPORT 6/6/2020 7/6/2020 510.00 510.00 ‐ ‐ ‐ ‐

CIRCLE SANITATION SERVICE 6/20/2020 7/20/2020 113.75 113.75 ‐ ‐ ‐ ‐

GLOBAL GP LLC 6/30/2020 7/1/2020 20,992.96 20,992.96 ‐ ‐ ‐ ‐

Grand Total: 51,725.11$ 21,616.71$ 17,183.63$ 12,535.25$ 333.02$ 56.50$


Basin Transload, LLCExhibit F

25. Total receivables

Name Invoice Date Due Date Amount Due Current 1-10 Days 11-30 Days 31-60 Days Over 60 Days

HALLIBURTON ENERGY SERVICES, INC. 4/30/2020 6/14/2020 8,640.00$ ‐$ ‐$ 8,640.00$ ‐$ ‐$

HALLIBURTON ENERGY SERVICES, INC. 5/31/2020 7/15/2020 8,928.00 8,928.00 ‐ ‐ ‐ ‐

TESORO REFINING AND MARKETING COMPANY LLC 6/3/2020 7/3/2020 37,663.45 37,663.45 ‐ ‐ ‐ ‐

TESORO REFINING AND MARKETING COMPANY LLC 6/3/2020 7/3/2020 29,660.10 29,660.10 ‐ ‐ ‐ ‐

GLOBAL COMPANIES LLC 6/15/2020 6/30/2020 66,600.00 66,600.00 ‐ ‐ ‐ ‐

HALLIBURTON ENERGY SERVICES, INC. 6/30/2020 8/14/2020 8,640.00 8,640.00 ‐ ‐ ‐ ‐

Grand Total: 160,131.55$ 151,491.55$ ‐$ 8,640.00$ ‐$ ‐$


Customer service information

Customer service: 1.888.400.9009

bankofamerica.com

Bank of America, N.A.P.O. Box 25118Tampa, FL 33622-5118

BASIN TRANSLOAD, LLCDEBTOR IN POSSESSION CASE 20-11462800 SOUTH ST STE 200WALTHAM, MA 02453-1489

P.O. Box 15284Wilmington, DE 19850

PULL: E CYCLE: 87 SPEC: E DELIVERY: E TYPE: IMAGE: A BC: ME Page 1 of 6

Your Full Analysis Business Checking for June 1, 2020 to June 30, 2020 Account number: 7346

BASIN TRANSLOAD, LLC DEBTOR IN POSSESSION CASE 20-11462

Account summaryBeginning balance on June 1, 2020 $0.00

Deposits and other credits 94,036.89

Withdrawals and other debits -0.00

Checks -94,036.89

Service fees -0.00

Ending balance on June 30, 2020 $0.00

# of deposits/credits: 4

# of withdrawals/debits: 4

# of days in cycle: 30

Average ledger balance: $0.00

Please see the Important Messages - Please Read section of your statement for important details that could impact you.


BASIN TRANSLOAD, LLC ! Account # 7346 ! June 1, 2020 to June 30, 2020

Page 2 of 6

IMPORTANT INFORMATION:BANK DEPOSIT ACCOUNTS

How to Contact Us - You may call us at the telephone number listed on the front of this statement.

Updating your contact information - We encourage you to keep your contact information up-to-date. This includes address,email and phone number. If your information has changed, the easiest way to update it is by visiting the Help & Support tab ofOnline Banking.

Deposit agreement - When you opened your account, you received a deposit agreement and fee schedule and agreed that youraccount would be governed by the terms of these documents, as we may amend them from time to time. These documents arepart of the contract for your deposit account and govern all transactions relating to your account, including all deposits andwithdrawals. Copies of both the deposit agreement and fee schedule which contain the current version of the terms andconditions of your account relationship may be obtained at our financial centers.

Electronic transfers: In case of errors or questions about your electronic transfers - If you think your statement or receipt iswrong or you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals,point-of-sale transactions) on the statement or receipt, telephone or write us at the address and number listed on the front ofthis statement as soon as you can. We must hear from you no later than 60 days after we sent you the FIRST statement onwhich the error or problem appeared.

- Tell us your name and account number.- Describe the error or transfer you are unsure about, and explain as clearly as you can why you believe there is an error

or why you need more information.- Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and willcorrect any error promptly. If we take more than 10 business days (10 calendar days if you are a Massachusetts customer) (20business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit ismade to your account) to do this, we will provisionally credit your account for the amount you think is in error, so that you willhave use of the money during the time it will take to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we credit your account at the conclusion of ourinvestigation.

Reporting other problems - You must examine your statement carefully and promptly. You are in the best position to discovererrors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or anunauthorized transaction within the time period specified in the deposit agreement (which periods are no more than 60 daysafter we make the statement available to you and in some cases are 30 days or less), we are not liable to you and you agree tonot make a claim against us, for the problems or unauthorized transactions.

Direct deposits - If you have arranged to have direct deposits made to your account at least once every 60 days from the sameperson or company, you may call us to find out if the deposit was made as scheduled. You may also review your activity onlineor visit a financial center for information.

© 2020 Bank of America Corporation



Your checking account

Page 3 of 6

Deposits and other creditsDate Transaction description Customer reference Bank reference Amount

06/01/20 ME CTRL DIS 004640435811 CR 4640435811 965706010001023 89,153.38

06/02/20 ME CTRL DIS 004640435811 CR 4640435811 965706020001019 121.38

06/03/20 ME CTRL DIS 004640435811 CR 4640435811 965706030000977 4,640.75

06/30/20 ME CTRL DIS 004640435811 CR 4640435811 965706300001007 121.38

Total deposits and other credits $94,036.89

Checks Date Check # Bank reference Amount Date Check # Bank reference Amount

06/01 10001257 813008354920961 -89,153.38 06/03 10001259 813009692341858 -4,640.75

06/02 10001258 813009592739583 -121.38 06/30 10001263* 813008892351359 -121.38

Total checks -$94,036.89Total # of checks 4

* There is a gap in sequential check numbers


This page intentionally left blank


Page 4 of 6


Important Messages - Please ReadWe want to make sure you stay up-to-date on changes, reminders, and other important details thatcould impact you.

Page 5 of 6

Effective July 2020, the Deposit Agreement and Disclosures booklet (Agreement) which governs your account has been updated. The account will continue to be subject to the Agreement as updated from time to time. Please contact your account representative to receive the updated version. Effective July 1, 2020 the updated version can be found by logging into bofaml.com/depositagreement. Continued use of this account indicates your agreement to be bound by the terms and conditions contained in the Agreement. If you hold deposits on behalf of others, please review the Special Provisions for Pass-Through accounts in the "General Provisions" section.




Page 6 of 6


Customer service information

Customer service: 1.888.400.9009

bankofamerica.com

Bank of America, N.A.P.O. Box 25118Tampa, FL 33622-5118

BASIN TRANSLOAD LLCDEBTOR IN POSSESSION CASE 20-11462SUITE 200, P O BOX 9161800 SOUTH STWALTHAM, MA 02453-1478

P.O. Box 15284Wilmington, DE 19850

PULL: E CYCLE: 50 SPEC: E DELIVERY: E TYPE: IMAGE: A BC: MA Page 1 of 8

Your Full Analysis Business Checking for June 1, 2020 to June 30, 2020 Account number: 5811

BASIN TRANSLOAD LLC DEBTOR IN POSSESSION CASE 20-11462

Account summaryBeginning balance on June 1, 2020 $1,110,888.03

Deposits and other credits 435,804.66

Withdrawals and other debits -252,463.52

Checks -0.00

Service fees -0.00

Ending balance on June 30, 2020 $1,294,229.17

# of deposits/credits: 10

# of withdrawals/debits: 12

# of days in cycle: 30

Average ledger balance: $1,247,726.20

Please see the Important Messages - Please Read section of your statement for important details that could impact you.


BASIN TRANSLOAD LLC ! Account # 5811 ! June 1, 2020 to June 30, 2020

Page 2 of 8

IMPORTANT INFORMATION:BANK DEPOSIT ACCOUNTS

How to Contact Us - You may call us at the telephone number listed on the front of this statement.

Updating your contact information - We encourage you to keep your contact information up-to-date. This includes address,email and phone number. If your information has changed, the easiest way to update it is by visiting the Help & Support tab ofOnline Banking.

Deposit agreement - When you opened your account, you received a deposit agreement and fee schedule and agreed that youraccount would be governed by the terms of these documents, as we may amend them from time to time. These documents arepart of the contract for your deposit account and govern all transactions relating to your account, including all deposits andwithdrawals. Copies of both the deposit agreement and fee schedule which contain the current version of the terms andconditions of your account relationship may be obtained at our financial centers.

Electronic transfers: In case of errors or questions about your electronic transfers - If you think your statement or receipt iswrong or you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals,point-of-sale transactions) on the statement or receipt, telephone or write us at the address and number listed on the front ofthis statement as soon as you can. We must hear from you no later than 60 days after we sent you the FIRST statement onwhich the error or problem appeared.

- Tell us your name and account number.- Describe the error or transfer you are unsure about, and explain as clearly as you can why you believe there is an error

or why you need more information.- Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and willcorrect any error promptly. If we take more than 10 business days (10 calendar days if you are a Massachusetts customer) (20business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit ismade to your account) to do this, we will provisionally credit your account for the amount you think is in error, so that you willhave use of the money during the time it will take to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we credit your account at the conclusion of ourinvestigation.

Reporting other problems - You must examine your statement carefully and promptly. You are in the best position to discovererrors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or anunauthorized transaction within the time period specified in the deposit agreement (which periods are no more than 60 daysafter we make the statement available to you and in some cases are 30 days or less), we are not liable to you and you agree tonot make a claim against us, for the problems or unauthorized transactions.

Direct deposits - If you have arranged to have direct deposits made to your account at least once every 60 days from the sameperson or company, you may call us to find out if the deposit was made as scheduled. You may also review your activity onlineor visit a financial center for information.

© 2020 Bank of America Corporation




Page 3 of 8

Deposits and other creditsDate Transaction description Customer reference Bank reference Amount

06/01/20 WIRE TYPE:BOOK IN DATE:200601 TIME:1455 ETTRN:2020060100643337 SNDRREF:2061E145604U2H86 ORIG:GLOBALCOMPANIES LLC DISB ID:000053695028 PMTDET:BT13GP39 38 37 35 36 34 33 32 31 INV.4760

903706010643337 66,600.00

06/01/20 TSO Refining Ma DES:PAYMENTSID:10102001072955 INDN:BASIN TRANSLOADLLC RA CO ID:8477217434 CCD PMTINFO:NTE*ZZZ*4754\

902353006901499 32,838.20

06/04/20 WIRE TYPE:BOOK IN DATE:200604 TIME:1137 ETTRN:2020060400421653 SNDRREF:2064B28098HX1M26 ORIG:GLOBAL GP LLCID:009429418080

903706040421653 21,908.45

06/05/20 TSO Refining Ma DES:PAYMENTSID:10102001079911 INDN:BASIN TRANSLOADLLC RA CO ID:8477217434 CCD PMTINFO:NTE*ZZZ*4755\

902356016897069 125,432.34

06/10/20 Preencoded Deposit 0000000004 813008352040180 69,369.72

06/10/20 Preencoded Deposit 0000000004 813008352040202 254.26

06/16/20 Preencoded Deposit 0000000004 813008452578813 68,695.99

06/19/20 VALERO ENERGY CO DES:VALEROID:0373AV528778 INDN:BASIN TRANSLOADCO ID:1323272568 CTX ADDITIONALINFORMATION IS AVAILABLE FOR THIS PMT.CONTACT A TREASURY SALES OFFICER FORASSISTANCE.

902370019787837 16,197.50

continued on the next page



Page 4 of 8

Deposits and other credits - continuedDate Transaction description Customer reference Bank reference Amount

06/22/20 VALERO ENERGY CO DES:VALEROID:0371AV528778 INDN:BASIN TRANSLOADCO ID:1323272568 CTX ADDITIONALINFORMATION IS AVAILABLE FOR THIS PMT.CONTACT A TREASURY SALES OFFICER FORASSISTANCE.

902371007806175 14,298.00

06/23/20 WIRE TYPE:BOOK IN DATE:200623 TIME:1241 ETTRN:2020062300437510 SNDR REF:260807ORIG:GLOBAL_LE ID:000053695028 PMTDET:4783 20210. 2

903706230437510 20,210.20

Total deposits and other credits $435,804.66

Withdrawals and other debitsDate Transaction description Customer reference Bank reference Amount

06/01/20 ME CTRL DIS 002220077346 DR 2220077346 965706010001024 -89,153.38

06/01/20 WIRE TYPE:WIRE OUT DATE:200601 TIME:1533 ETTRN:2020060100665096 SERVICE REF:014434BNF:STRETTO ID:1000681781 BNF BK:PACIFICWESTERN B ANK ID:122238200 PMTDET:2061A0829K6V0W56CLIENT RE TAINER

903706010665096 -25,000.00

06/02/20 ME CTRL DIS 002220077346 DR 2220077346 965706020001020 -121.38

06/03/20 ME CTRL DIS 002220077346 DR 2220077346 965706030000978 -4,640.75

06/03/20 WIRE TYPE:BOOK OUT DATE:200603 TIME:1326ET TRN:2020060300494555 RELATEDREF:2063A33103QW0643 BNF:GLOBAL GP LLCID:009429418080 PMT DET:BASIN PA YROLLFUNDING

903706030494555 -21,908.45

06/10/20 WIRE TYPE:BOOK OUT DATE:200610 TIME:1255ET TRN:2020061000462831 RELATEDREF:206AB08565JU2A94 BNF:GLOBAL GP LLCID:009429418080 PMT DET:BASIN PA YROLLFUNDING

903706100462831 -21,908.48

06/12/20 WIRE TYPE:BOOK OUT DATE:200612 TIME:0954ET TRN:2020061200351402 RELATEDREF:206C9241410W1301 BNF:BASIN TRANSLOADLLC ID:004451414762 PMT DET:PC ARDCOLLATERAL ACCOUNT

903706120351402 -23,100.00

06/17/20 WIRE TYPE:BOOK OUT DATE:200617 TIME:1343ET TRN:2020061700455722 RELATEDREF:206HA5534EIX1L03 BNF:GLOBAL GP LLCID:009429418080 PMT DET:BASIN PA YROLLFUNDING

903706170455722 -21,908.45

06/22/20 BANK CARD DES:PAYMENTID:471529120404327 INDN:BASIN TRANSLOADCO ID:3001190310 CCD

902374003494378 -9,260.55

06/24/20 WIRE TYPE:BOOK OUT DATE:200624 TIME:1007ET TRN:2020062400357819 RELATEDREF:206O959503D50O28 BNF:BASIN TRANSLOADLLC ID:004451414762

903706240357819 -13,650.00

continued on the next page




Page 5 of 8

Withdrawals and other debits - continuedDate Transaction description Customer reference Bank reference Amount

06/24/20 WIRE TYPE:BOOK OUT DATE:200624 TIME:1355ET TRN:2020062400472893 RELATEDREF:206OB3721DZ51B93 BNF:GLOBAL GP LLCID:009429418080 PMT DET:BASIN PA YROLLFUNDING

903706240472893 -21,690.70

06/30/20 ME CTRL DIS 002220077346 DR 2220077346 965706300001008 -121.38

Total withdrawals and other debits -$252,463.52

Daily ledger balancesDate Balance ($) Date Balance($) Date Balance ($)

06/01 1,096,172.85 06/10 1,264,558.56 06/22 1,309,481.05

06/02 1,096,051.47 06/12 1,241,458.56 06/23 1,329,691.25

06/03 1,069,502.27 06/16 1,310,154.55 06/24 1,294,350.55

06/04 1,091,410.72 06/17 1,288,246.10 06/30 1,294,229.17

06/05 1,216,843.06 06/19 1,304,443.60




Page 6 of 8


Important Messages - Please ReadWe want to make sure you stay up-to-date on changes, reminders, and other important details thatcould impact you.

Page 7 of 8

Effective July 2020, the Deposit Agreement and Disclosures booklet (Agreement) which governs your account has been updated. The account will continue to be subject to the Agreement as updated from time to time. Please contact your account representative to receive the updated version. Effective July 1, 2020 the updated version can be found by logging into bofaml.com/depositagreement. Continued use of this account indicates your agreement to be bound by the terms and conditions contained in the Agreement. If you hold deposits on behalf of others, please review the Special Provisions for Pass-Through accounts in the "General Provisions" section.




Page 8 of 8


BANK OF AMERICA, N.A. Account Number 4762 PO BOX 15284 01 01 169 01 M0000 E# 0 WILMINGTON DE 19850 Last Statement: NEW ACCOUNT This Statement: 06/30/2020

Customer Service 1-888-400-9009 BASIN TRANSLOAD LLC FBO BANK OF AMERICA NA 800 SOUTH ST Page 1 of 2 WALTHAM MA 02453-1478

Effective July 2020, the Deposit Agreement and Disclosures booklet(Agreement) which governs your account has been updated. The account will continue to be subject to the Agreement as updated from time to time. Please contact your account representative to receive the updated version. Effective July 1, 2020 the updated version can be found by logging into bofaml.com/depositagreement. Continued use of this account indicates your agreement to be bound by the terms and conditions contained in the Agreement. If you hold deposits on behalf of others, please review the Special Provisions for Pass-Through accounts in the General Provisions section.

MMDA - CASH COLLATERAL

Account Summary Information Statement Period 00/00/0000 - 06/30/2020 Statement Beginning Balance .00 Number of Deposits/Credits 3 Amount of Deposits/Credits 36,750.37 Number of Checks 0 Amount of Checks .00 Number of Other Debits 0 Amount of Other Debits .00 Statement Ending Balance 36,750.37 Number of Enclosures 0 Service Charge .00

Interest Information Amount of Interest Paid .37 Interest Paid Year-to-Date .37 Annual Percentage Yield Earned .03%

Deposits and Credits Date Customer Bank

Posted Reference Amount Description Reference 06/12 23,100.00 WIRE TYPE:BOOK IN DATE:200612 TIME:0954 ET 00370351402 TRN:2020061200351402 SNDR REF:206C9241410W1301 ORIG:BASIN TRANSLOAD LLC ID:004640435811 PMT DET:P CARD COLLATERAL ACCOUNT 06/24 13,650.00 WIRE TYPE:BOOK IN DATE:200624 TIME:1007 ET 00370357819 TRN:2020062400357819 SNDR REF:206O959503D50O28 ORIG:BASIN TRANSLOAD LLC ID:004640435811 06/30 .37 INTEREST PAID ON 20 DAYS 09840003044 AVERAGE COLLECTED BALANCE OF $26,722.50

Daily Balances

Date Ledger Balance Collected Balance Rate Date Ledger Balance Collected Balance Rate 00/00 .00 .00 .000 06/24 36,750.00 36,750.00 .025 06/11 .00 .00 .025 06/30 36,750.37 36,750.37 .025 06/12 23,100.00 23,100.00 .025


BANK OF AMERICA, N.A. Account Number 4762 PO BOX 15284 01 01 169 01 M0000 E# 0 WILMINGTON DE 19850 Last Statement: NEW ACCOUNT This Statement: 06/30/2020

Customer Service 1-888-400-9009 BASIN TRANSLOAD LLC

Page 2 of 2

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. * Tell us your name and account number * Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information * Tell us the dollar amount of the suspected error. For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation. For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS. You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.


Basin Transload, LLCUNAUDITED

CONSOLIDATED BALANCE SHEET

June 30, 2020

ASSETS

Current assets:

Cash and cash equivalents 1,331,202$

Accounts receivable 160,132

Accounts receivable (accrued) 77,146

Prepaid expenses and other current assets 251,305

Total current assets 1,819,785

Property, plant and equipment, net 1,698,499

ROU Asset-net 64,854

Total assets 3,583,139$

LIABILITIES AND PARTNERS' EQUITY

Current liabilities:

Accounts payable 51,725

Accounts payable, Affiliates 26,498

Obligations to guarantor, affiliate 13,142,039

Accrued expenses and other current liabilities 669,077

Lease Liability - ST -

Obligations on fixed price fwd contracts -

Total current liabilities 13,889,340

Long-term liabilities:

Lease liabilities 42,968

Other liabilities -

Total liabilities 13,932,307

Partners' equity (10,349,169)

Total liabilities and partners' equity 3,583,139

-

[DRAFT]Case 20-11462-JTD Doc 148 Filed 07/20/20 of 29

year to date month

Sales 845,210 181,412

Cost of sales (224,652) (66,600)

Gross profit 1,069,863 248,012

Depreciation and amortization 520,886 84,230

Operating expenses 832,488 113,642

Selling expenses - -

General and administrative expenses 930,727 486,818

-

Operating profit (1,214,239) (436,678)

Interest and bank fees 2,250 -

Net income before income taxes (1,216,489) (436,678)

Income taxes - -

Net income (1,216,489) (436,678)

Basin Transload, LLCUNAUDITED

CONSOLIDATED STATEMENT OF INCOME

JANUARY 1, 2020 TO JUNE 30, 2020

[DRAFT]Case 20-11462-JTD Doc 148 Filed 07/20/20 of 29

{01577885;v1 }

CERTIFICATE OF SERVICE

I, Katharina Earle, hereby certify that, on July 20, 2020, I caused one copy of the foregoing

to be served upon the party below via first class mail.

Office of the United States Trustee Linda J. Casey

844 King Street, Suite 2207 Lockbox 35

Wilmington, DE 19801 /s/ Katharina Earle Katharina Earle (#6348)

Case 20-11462-JTD Doc 148-1 Filed 07/20/20 Page 1 of 1

official form 425c - stretto

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