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IN RE FINANCIAL OVERSIGHT AND MANAGEMENT BD.

No. 17 BK 3283-LTS (Jointly Administered) No. 17 BK 4780-LTS Adv. Proc. No. 19-453-LTS.

633 B.R. 437 (2021)

IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of The Commonwealth of Puerto Rico et al., Debtors. In re: The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Electric Power Authority, Debtor. Autoridad de Energía Eléctrica de Puerto Rico, Plaintiff, v. Vitol S.A. and Vitol Inc., Defendants.

United States District Court, D. Puerto Rico.

Signed September 27, 2021.

Attorney(s) appearing for the Case

MCCONNELL VALDÉS LLC, By: Eduardo A. Zayas-Marxuach , 270 Muñoz Rivera Avenue, Hato Rey, Puerto Rico 00918, Counsel for Vitol Inc.

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, By: Christine A. Okike , Bram A. Strochlic , Shana A. Elberg , 4 Times Square, New York, New York 10036, Counsel for Vitol Inc.

SUSMAN GODFREY, LLP, By: Neal S. Manne , Alexander L. Kaplan , Weston L. O'Black , Michael C. Kelso , Florence T. Chen , 1000 Louisiana Street, Suite 5100, Houston, Texas 77002, Counsel for Vitol Inc.

THE LAW OFFICES OF ANDRÉS W. LÓPEZ, P.S.C., By: Andrés W. López , 902 Fernández Juncos Ave. Miramar, San Juan, Puerto Rico 00907, Counsel for Vitol S.A.

O'NEILL & BORGES LLC, By: Hermann D. Bauer , 250 Muñoz Rivera Ave., Suite 800, San Juan, PR 00918-1813, PROSKAUER ROSE LLP By: Martin J. Bienenstock , Jeffrey W. Levitan , Timothy W. Mungovan , Paul V. Possinger , Chantel Febus , Laura Stafford , Margaret A. Dale , Eleven Times Square , New York, NY 10036 and Lary Alan Rappaport, 2029 Century Park East, Suite 2400, Los Angeles, CA 90067-3010, Attorneys for the Financial Oversight and Management Board for Puerto Rico in its capacity as representative for Puerto Rico Electric Power Authority (PREPA).

PROMESA Title III

OPINION AND ORDER REGARDING MOTIONS FOR SUMMARY JUDGMENT BY VITOL INC., VITOL S.A., AND THE PUERTO RICO ELECTRIC POWER AUTHORITY

Vitol Inc. ("VIC") and Vitol S.A. ("VSA" and, together with VIC, "Vitol") are named as defendants in two civil actions...

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