BackupAgent: When restoring a folder of Exchange folder level backup an error message appears 'System.OutOfMemoryException'

Problem:
When restoring a folder of Exchange folder level backup an error message appears:

File restore was skipped: 'Foldername'
Exception of type System.OutOfMemoryException was thrown.
Stack trace:

Note that the stacktrace is empty.

Cause:
This typically happens on rather large fol