KEVIN GROSS, Bankruptcy Judge.
Caribbean Petroleum Corporation ("CPC"), Caribbean Petroleum Refining L.P., and Gulf Petroleum Refining (Puerto Rico) (collectively, "Debtors") have moved (the "Rejection Motion") pursuant to 11 U.S.C. § 365 to reject any or all of its agreements with franchisees (the "Franchise Agreements") upon the contemplated sale of substantially all of Debtors' assets. The parties objecting to the Rejection Motion are franchisees (the "Franchisees") who operate 184 service stations throughout
The Court has jurisdiction over the pending matter pursuant to 28 U.S.C. §§ 157 and 1334. This is a core proceeding pursuant to 28 U.S.C. § 157(b) and venue is proper pursuant to 28 U.S.C. §§ 1408 and 1409.
The Debtors filed their petitions for relief under chapter 11 of the Bankruptcy Code on August 12, 2010. Until October 23, 2009, when explosions destroyed some of their essential facilities in Puerto Rico, the Debtors operated integrated and interdependent businesses consisting of import, offloading, storage and distribution of petroleum products in Puerto Rico. CPC was a leading distributor in Puerto Rico of gasoline and other petroleum products through a network of Gulf-branded retail service stations (the "Service Stations"). The Franchisees operate the Service Stations.
The Debtors are seeking an early sale of substantially all of their assets, and filed a motion (the "Sale Motion") (D.I. 9) at the outset of the case to accomplish such a sale (the "Sale"). The Court approved the Debtors' proposed bidding procedures by Order, dated September 10, 2010 (the "Bidding Procedures Order") (D.I. 149), which provided for a stalking horse agreement, procedures for Debtors' assumption and assignment of executory contracts and unexpired leases in connection with the sale (the "Sale") and set dates for the Sale process. The dates are: December 10, 2010, for the submission of bids; December 13, 2010 (subsequently adjourned to December 16, 2010, by Notice of Adjournment of Auction, D.I. 400), for the auction; December 22, 2010, for the hearing on the Sale; and February 8, 2010, for the closing on the Sale.
In response to the Rejection Motion, the Franchisees promptly took action. They moved to withdraw the reference to the District Court, which motion remains pending, and sought a motion to stay the Court's consideration of the Rejection Motion. The Court denied the stay and thereafter conducted a hearing on the Rejection Motion on December 1, 2010.
The Debtors have filed the Rejection Motion in what they view as a necessity to improve the prospects of the Sale. Debtors have concluded that potential bidders may be discouraged from bidding, or will lower their bids because of unfavorable Franchise Agreements. In that event, Debtors will not be able to maximize their return in the Sale. The Franchisees have raised numerous objections which the Court will now address.
Certain of the Franchisees have argued that the Rejection Motion deprived them of due process because of the brevity of notice. They also claim that the Rejection Motion and notice was in English only, without a version in Spanish, and that many of the Franchisees are Spanish speaking.
Second, Puerto Rican law provides that Spanish and English are official languages of Puerto Rico. 1 L.P.R.A. § 59. See also Storage Tech. Corp. v. Comite Pro Rescate De La Salud (In re Storage Tech Corp.), 117 B.R. 610, 621 (Bankr.D.Colo. 1990) (English and Spanish can be used indiscriminately and there was no evidence that the defendants did not comprehend English). Here, too, the Franchisees provided no evidence that the Franchisees do not speak English or were prejudiced by the English-only documents.
The Franchisees complain that the Rejection Motion is premature and will not be justiciable until a successful bidder emerges and designates the Franchise Agreements it wants Debtors to assume and assign, and those the Debtors will then reject. The Franchisees take exception to the "conditional" rejection concept.
The Third Circuit has addressed ripeness as a two factor test: (1) fitness of the issues for judicial determination, and (2) hardship to the parties of withholding the court's consideration. In re Rickel Home Centers, Inc., 209 F.3d 291, 307 (3d Cir.2000). See also Pic-A-State Pa., Inc. v. Reno, 76 F.3d 1294, 1298 (3d Cir.1996).
The first prong of the test, fitness for judicial decision, focuses on such factors as:
In re Powermate Holding Corp., 394 B.R. 765, 769 (Bankr.D.Del.2008). The Rejection Motion satisfies all of these factors. The applicability of the PMPA and the question of the nature of the Franchise Agreements are legal questions. The events are in the future but are not uncertain. The Sale is forthcoming and bidders will be influenced by the status of the Franchise Agreements. As the Court stated in Midway Games and applicable here:
In re Midway Games, Inc., 428 B.R. 327, 333 (Bankr.D.Del.2010).
Franchisees' most substantive argument is that the PMPA extinguishes Debtors' rights under the Bankruptcy Code to bring the Rejection Motion. The Court does not agree, and the case law is to the contrary and establishes that Bankruptcy Code Section 365 trumps the PMPA. In re Harrell Oil Co., Inc., 38 B.R. 280, 282. (Bankr. E.D.N.C. 1984) and In re Deppe, 110 B.R. 898, 905 (Bankr. D.Minn.1990). Particularly instructive is Carco, 406 B.R. at 205-06, in which the bankruptcy court held that Section 365
Carco, 406 B.R. at 205-206 (footnotes omitted). The Franchisees seek to impose similar provisions of the PMPA. The Court agrees with the Carco analysis, and holds that the rights afforded by Section 365 take precedence over the PMPA.
The Franchisees challenge the standard of review applicable to the Rejection Motion. Debtors argue that their business judgment is the standard. Franchisees want the Court to employ the heightened standard apropos to matters involving the public interest.
Courts normally leave the decision to reject a contract to the debtor's sound business judgment. As Judge Walsh wrote in In re Trans World Airlines, Inc., 261 B.R. 103, 121 (Bankr.D.Del.2001), "A debtor's decision to reject an executory contract must be summarily affirmed unless it is the product of bad faith, or whim or caprice." See also Wheeling-Pittsburgh Steel Corp. v. W. Penn Power Co. (In re Wheeling-Pittsburgh Steel Corp.), 72 B.R. 845, 849-50 (Bankr.W.D.Pa.1987). However, in NLRB v. Bildisco and Bildisco, 465 U.S. 513, 528, 104 S.Ct. 1188, 79 L.Ed.2d 482 (1984), the Supreme Court found that certain contracts are in the "public interest" and therefore require heightened scrutiny. Courts interpreting Bildisco have consistently limited the
The PMPA does not express as its purpose a concern for any public policy interest. Its stated purpose is to protect franchisees from arbitrary or capricious termination of franchise agreements. In Carco, the court rejected the franchisees' insistence that the heightened standard should control the debtors' effort to reject auto dealership franchise agreements. The court found, as the Court does here with respect to the PMPA, that the ADDCA was not a Congressional effort to protect the national public interest. The Carco court found that "the public safety issues raised by the closing of dealerships do not create an imminent threat to health or safety." Carco, 406 B.R. at 190. The court further explained that:
Id. at 190-191.
Applying the business judgment standard, the Court is convinced that Debtors have met their burden of showing that the Rejection Motion represents an informed decision, in good faith and in the honest belief that it is in the best interest of the Debtors. In re Integrated Resources, Inc., 147 B.R. 650, 656 (Bankr.S.D.N.Y.1992).
The unrefuted evidence before the Court supports the conclusion that the Debtors properly exercised their business judgment in pursuing the Rejection Motion. FTI Consulting, Inc. ("FTI"), Debtors'
The Debtors have acted on FTI's and R. Messing's advice in bringing the Rejection Motion and such action clearly represents the sound exercise of business judgment. The Court therefore finds that the Rejection Motion is in the best interests of the Debtors' estates.
The Franchisees have also objected to the Rejection Motion on the ground that Section 365(h) provides them with the right to continue to use the Service Stations after rejection.
Section 365(h)(ii) provides that if a debtor rejects a lease of real property and the debtor is the lessor, then:
The Court agrees with Debtors that Section 365(h)(ii) does not apply to the Rejection Motion because the Franchise Agreements are not leases, but are licenses. Section 365(h) applies only to leases.
The difference between a lease and license is subtle but significant. A lease is a contract that provides exclusive
Furthermore, to adopt the Franchisees' argument, the Court would have to find that the single document comprising the Franchise Agreements contains two independent agreements, a "use" agreement and petroleum products "supply" agreement. The Court has no basis for segregating the Franchise Agreements into two, independent undertakings. The Franchise Agreements are integrated and nonseverable. The case law plainly establishes that agreements such as the Franchise Agreements constitute a single agreement with an interrelated purpose. The Franchise Agreements are one agreement with mutually dependent purposes. See, e.g., Ashland Oil, Inc. v. Donahue, 159 W.Va. 463, 223 S.E.2d 433 (1976) (two agreements, one containing a lease and the other a sale and delivery agreement for gasoline, comprise a single agreement); In re Karfakis, 162 B.R. 719, 725 (Bankr.E.D.Pa.1993) (franchise agreement and lease agreement construed as a single agreement). The reasoning behind the Court's decision here and in the cited cases should be apparent. The lease and the supply provisions exist as one and would be economically unfeasible if separate. The Franchisees therefore do not retain any Section 365(h) rights in the Franchise Agreements.
The Court has granted the Rejection Motion for the foregoing reasons.
In re Caribbean Petroleum Corp., et al.,
The Court will issue a written opinion addressing the parties written arguments and the arguments at the hearing on December 1, 2010. In the meantime, the parties, the Debtors in particular, and potential bidders for Debtor's assets, require certainty. Therefore, the Court orders that:
Upon the motion, dated November 9, 2010 (the "Motion"),
ORDERED that the Motion is granted as provided herein; and it is further
ORDERED that the Debtors are authorized, but not required, to reject any or all of the Franchise Agreements, including any amendments or side letters with respect thereto, pursuant to section 365 of the Bankruptcy Code upon consummation of a sale of substantially all of the Debtors' assets that does not contemplate the assumption and assignment of such Franchise Agreements to the Successful Bidder; except that this Order shall not apply to Station No. 56 operated by San German Gulf, Inc. and Mark Terzikhan, whose objection to the Motion will be decided at a later date;
ORDERED that the Debtors shall identify which Franchise Agreements are to be rejected pursuant to the order approving the sale of substantially all of the Debtors' assets to the Successful Bidder;
ORDERED that the terms and provisions of the Petroleum Marketing Practices Act (the "PMPA") are inapplicable to the Debtors' rejection of the Franchise Agreements, including Station No. 56, and the Debtors are authorized to reject the Franchise Agreements notwithstanding any terms and provisions of the PMPA without any other or further notification of such rejection;
ORDERED that section 365(h)(1)(A) is not implicated by rejection of the Franchise Agreements and upon rejection of the Franchise Agreements, the non-Debtor counterparties thereto shall retain no right of possession or quiet enjoyment of the respective Service Station with respect to any lease provision of the Franchise Agreements;
ORDERED that nothing in this Order shall constitute any waiver of any claims or defenses by the Debtors that they have or may have against any counterparties to any Franchise Agreement, whether or not such claims or defenses arise under, are related to the rejection of, or are independent of the rejection of any Franchise Agreement; and it is further
ORDERED that the Debtors are authorized and empowered to take all actions necessary to implement the relief granted in this Order; and it is further
ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order.
Caribbean Petroleum Corporation
Service Station Franchise Agreements
Non-Debtor Counterparty Agreement
Station Number Debtor Counterparty and Address
------------------------------------------------------------------------------------------
1 Caribbean Petroleum Corporation Neguni Corp. (N. Capote) Lease and
P.O. Box 8618 Supply
Bayamon, PR 00960 Agreement
6 Caribbean Petroleum Corporation Wifki Awadallah Odeh Lease and
Ave. Central Esq. San Supply
Patricio # 1652 Agreement
Las Lomas
Rio Piedras, PR 00921
7 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease and
P.O. Box 8618 Supply
Bayamon, PR 00960-8035 Agreement
10 Caribbean Petroleum Corporation Mahmoud Ali Shehadeh Lease and
Calle 54 S.E. #1258 Supply
Urb. La Riviera Agreement
San Juan, PR 00921
11 Caribbean Petroleum Corporation Laguna Mimoso, Luis E. Lease and
Apartado 1116 Supply
Caguas, PR 00726 Agreement
12 Caribbean Petroleum Corporation Zambrano Vera, Luis R. Lease and
P.O. Box 810004 Supply
Carolina, PR 00981-0004 Agreement
13 Caribbean Petroleum Corporation Gulf Del Norte Trial
Box 50367 Franchise
Toa Baja, PR 00950-0367
17 Caribbean Petroleum Corporation Adams Collazo, Johnny Lease and
Apartado 9795 Supply
Caguas, PR 00726 Agreement
18 Caribbean Petroleum Corporation H.M.F. Service Station Trial
P.O. Box 7103 Franchise
Caguas, PR 00726-7103
19 Caribbean Petroleum Corporation Aiman Abdelfatah Abuusha Lease and
1426 Luisa Capetillo Supply
Santiago Iglesias Agreement
San Juan, PR 00921
23 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease and
P.O. Box 8618 Supply
Bayamon, PR 00960-8035 Agreement
24 Caribbean Petroleum Corporation Awadallah Odeh, Wifki Lease and
Ave. Central Esq. San Supply
Patricio #1652 Agreement
Las Lomas
Rio Piedras, PR 00921
27 Caribbean Petroleum Corporation Awadallah Odeh, Lease and Wifki Ave. Central Esq. San Supply Patricio #1652 Las Agreement LomasRio Piedras, PR 00921 28 Caribbean Petroleum Corporation Leesan Investment Corp. Trial Villas del Sol Franchise Calle Gibraltar 502 Carolina, PR 00985 33 Caribbean Petroleum Corporation Nieves Díaz, José A. Lease and Villas de Manati Supply Ave. Las Plamas Buzon Agreement 126 Manati, PR 00674 34 Caribbean Petroleum Corporation Nieves Berrios, Carlos R. Lease and Bosque de las Flores Supply 15 Calle Tiagosan Agreement Bayamon, PR 00956-9222 37 Caribbean Petroleum Corporation Díaz Bou, Secundino Lease and Villas del Parana Supply #24 Parana S-4 Agreement San Juan, PR 00926 38 Caribbean Petroleum Corporation H.M.F. Service Station Trial P.O. Box 7103 Franchise Caguas, PR 00726-7103 39 Caribbean Petroleum Corporation Bezarez, Ernesto Trial HC-40 Box 47926 Franchise San Lorenzo, PR 00754 40 Caribbean Petroleum Corporation Esteves Verdia, Jose F. Lease and 419 Ave. Kennedy Supply San Juan, PR 00920-1617 Agreement 41 Caribbean Petroleum Corporation Batiz Vergara, Hernán Trial Monte Trujillo Franchise Calle 3-E-4 Trujillo Alto, PR 00976 43 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease and P.O. Box 8618 Supply Bayamon, PR 00960-8035 Agreement 47 Caribbean Petroleum Corporation Rullan Cordero, Osvaldo Lease and Box 1260 Supply Utuado, PR 00641-1260 Agreement 50 Caribbean Petroleum Corporation Wifki Awadallah Odeh Lease and Ave. Central Esq. San Supply Patricio # 1652 Agreement Let Lomas Rio Piedras, PR 00921 52 Caribbean Petroleum Corporation Vargas, Nelson A. Trial Calle Azabache C-59 Franchise Mansiones de Santa Barbara Gurabo, PR 00778
55 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease and P.O. Box 8618 Supply Bayamon, PR 00960-8035 Agreement 56 Caribbean Petroleum Corporation San German, Inc. Lease and P.O. Box 3565 Supply Vega Alts, PR 00692 Agreement 58 Caribbean Petroleum Corporation Plaza Interamericana Lease and PMB 201 Supply Suite A9 B-S Calle Agreement Tabonuco Guaynabo, PR 00968-3003 59 Caribbean Petroleum Corporation Puerto Rico Consulting Lease and Group, Inc. Supply Calle Arpegio #18 Agreement Munoz Rivers Guaynabo, PR 00969 62 Caribbean Petroleum Corporation Yacoub Husni Lease and P.O. Box 1813 Supply Utuado, PR 00641 Agreement 68 Caribbean Petroleum Corporation Aguayo Porrata, Lease and P.O. Box 1373 Supply Hormigueros, PR 0660- Agreement 1373 69 Caribbean Petroleum Corporation Velazquez Colon. Antonio Lease and RR #6 Box 9496 Supply San Juan, PR 00926 Agreement 70 Caribbean Petroleum Corporation Ortiz Rours, Francisco Trial P.O. Box 2120 Franchise Orocovis, PR 00720 71 Caribbean Petroleum Corporation Guerra Pujals, Rafael Lease and Ave. Jesus T. Pinero #1039 Supply San Juan, PR 00920 Agreement 73 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lase and P.O. Box 8618 Supply Bayamon, PR 00960.8035 Agreement 76 Caribbean Petroleum Corporation Lleras Cruz, Antonio Lease and P.O. Box 1834 Supply Cayey, PR 00921 Agreement 82 Caribbean Petroleum Corporation Jibril Johar, Mohamed Lease and 1365 San Felix St. Supply Altamesa Dev Agreement San Juan, PR 00921 84 Caribbean Petroleum Corporation Nuñez Garau Max Lease and Cond. Galeria I Supply Apt. 1204 Agreement Ave. Hostos A-201 Hato Rey. PR 00918 94 Caribbean Petroleum Corporation Ammar, Inc. Lease and Alturas del Remanso Supply M.13 Canada Agreement San Juan, PR 00926
96 Caribbean Petroleum Corporation Beltran. Juan E. Lease and Apartado 417 Supply Agreement 97 Caribbean Petroleum Corporation Riven Lopez. Carlos Lease and A.Urb. Boneville Taffeta- Supply 19 Calle 3 Caguas, PR Agreement 00725 98 Caribbean Petroleum Corporation Lopez Méndez, Ariel Lease and Urb. Valle Alto Supply 1009 Calle Pichachos Agreement Pons:, PR 00730-4128 101 Caribbean Petroleum Corporation Soto Alicea, Ignacio Trial P.O. Box 477 Franchise Juana Diaz. PR 00795 102 Caribbean Petroleum Corporation Irizarry Caraballo. Jose Lease and Juan Supply G.P.O. Box 943 Agreement Lama, PR 00669 103 Caribbean Petroleum Corporation Marin Ocasio, Fernando Lease and P.O. Box 1594 Supply Tort Baja, PR 00951-1594 Agreement 104 Caribbean Petroleum Corporation Negron, Rafael Lease and P.O. Box 1100 Supply Banceloneta, PR 00617 Agreement 105 Caribbean Petroleum Corporation Femandini Figueroa, Trial Orlando Franchise P.O. Box 287 Castaner, PR 00631 106 Caribbean Petroleum Corporation Vargas Vargas, Edwin Lease and Urb. Monterreal No. A-3 Supply Aguadilla, PR 00603 Agreement 111 Caribbean Petroleum Corporation Figueroa, Luis Trial Los Prados Dorado None Franchise 32 Dorado, PR 00646 112 Caribbean Petroleum Corporation El Mesó De Felipe, Inc. Lease Calls Manuel Pinallo Esquina Calle Aduana Mayaguez, PR 00969 112 Caribbean Petroleum Corporation Guerra Pujals, Alfredo Lease and Partying Supply G-2 T McKinley Agreement Guaynabo, PR 00969 113 Caribbean Petroleum Corporation Awadallab Odeh, Wifki Lease and Ave. Central Esq. San Supply Patricio #652 Agreement Las Lomas Rio Piedras, PR 00921
116 Caribbean Petroleum Corporation Barreras Díaz, Philip DBA Lease and Pbd Management Supply Urb. Las Cumbres Agreement 497 Ave. Emiliano Pol PUB 624 San Juan, PR 00926-5636 118 Caribbean Petroleum Corporation Velazquez Colon, Antonio Lease and RR #6 Box 9496 Supply San Juan, PR 00926 Agreement 119 Caribbean Petroleum Corporation Guerra Cinco, Inc. Lease and c/o Guerra Pujals, Supply Rafael Ave. Jesus T. Pinero Agreement #1039 San Juan, PR 00920 122 Caribbean Petroleum Corporation Abraham Petroleum Lease and Pasco Las Olas Supply Calle Tiburuon 335 Agreement Dorado, PR 00646 123 Caribbean Petroleum Corporation Soto Girau, Efraín Lease and P.O. Box 1212 Supply Hormigueros, PR 00660 Agreement 129 Caribbean Petroleum Corporation Bonilla Traverso, Lease and Waldemar Supply HC 5 Box 92550 Agreement Arecibo, PR 00612 132 Caribbean Petroleum Corporation Ocasio Rosa, Johan Trial HC-01 Box 6850 Franchise Las Piedras, PR 00771 133 Caribbean Petroleum Corporation Calo Alvarez, Margarita Lease and Primavera Encantada Supply 43 Pasco Las Flores Agreement Trujillo Alto, PR 00976 133 Caribbean Petroleum Corporation Caribbean Restaurants LLC Lease P.O. Box 366999 San Juan, PR 00936-6999 135 Caribbean Petroleum Corporation Santos Rivera, Antonio Lease and Estancias Reales Supply 18 Calle Duque de Kent Agreement Guaynabo, PR 00969-5322 138 Caribbean Petroleum Corporation Hernández Jorge, José A. Lease and 1937 Melcjor Maldonado Supply Fair View Agreement Rio Piedras, PR 00926 139 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease and P.O. Box 8618 Supply Bayamon, PR 00960-8035 Agreement 140 Caribbean Petroleum Corporation Jota Corp. Lease and Urb. San Martin Supply #1128 Ave 65 Infanteria Agreement San Juan, PR 00924
141 Caribbean Petroleum Corporation Berrios Rivera, Gilberto Lease and HC-03 Box 12799 Supply Corozal, PR 00783 Agreement 143 Caribbean Petroleum Corporation Wifki Awadallah Odeh Lease and Ave. Central Esq. San Supply Patricio #1652 Agreement Las Lomas Rio Piedras, PR 00921 145 Caribbean Petroleum Corporation Maracaibo Petroleum Lease and Corp.Ave. Supply EsmeraldaCondominio Agreement Plaza EsmeraldaApt. 215 Guaynabo, PR 00969 146 Caribbean Petroleum Corporation Figueros, Luis Lease and Los Prados Dorado Norte Supply 32 Agreement Dorado, PR 00646 147 Caribbean Petroleum Corporation Colon, Evangelito Lease and P.O. Box 8002 Supply Caguas, PR 00726 Agreement 148 Caribbean Petroleum Corporation Gulf Plaza, Inc. Lease and P.O. Box 270004 Supply San Juan, PR 00927-0004 Agreement 150 Caribbean Petroleum Corporation Alonso Ricardo D/B/A Lease and Puerto Rico Consulting Supply Calle Arpegio #18 Agreement Munoz Rivera Guaynabo, PR 00969 154 Caribbean Petroleum Corporation Figueroa Colón, Eddie Lease and P.O. Box 1165 Supply Jayuya, PR 00664 Agreement 155 Caribbean Petroleum Corporation Collazo Del Valle, Pedro Lease and P.O. Box 208 Supply Caguas, PR 00726-0208 Agreement 156 Caribbean Petroleum Corporation Marquez Gómez, Ismael Trial P.O. Box 113 Franchise Rio Grande, PR 00745 159 Caribbean Petroleum Corporation Guerra Cinco, Inc. Lease and Ave. Jesus T. Pinero #1039 Supply San Juan, PR 00920 Agreement 160 Caribbean Petroleum Corporation Visbal Castro, Elving O. Trial P.O. Box 3029 Franchise Aguadilla, PR 00604 162 Caribbean Petroleum Corporation Peña Rodriguez, Cristobal Lease and P.O. Box 908 Supply San Lorenzo, PR 00754 Agreement 163 Caribbean Petroleum Corporation Awadallah, Odeh, Wifki Lease and Ave. Central Esq. San Supply Particio # 1652 Agreement Las Lomas Rio Piedras, PR 00921
165 Caribbean Petroleum Corporation Hamad Corporation Lease and Calle Dr. Cuero 19 Supply Utuado, PR 00641 Agreement 167 Caribbean Petroleum Corporation Vélez Rebollar, Maritza Lease and HC-03 Box 12622 Supply Juana Diaz, PR 00795 Agreement 168 Caribbean Petroleum Corporation Cruz Ocasio, Carlos Lease and P.O. Box 50415 Supply Tea Baja, PR 00950-0415 Agreement 170 Caribbean Petroleum Corporation Ortiz, Zulma P.O. Box Trial 1994 Coamo, PR 00769 Franchise 172 Caribbean Petroleum Corporation Loperena, Antonio Lease and Urb. Las Palmas Supply Calle Corozo No. 211 Agreement Moca, PR 00676 173 Caribbean Petroleum Corporation Tavarez Santana, Diego Trial P.O. Box 810378 Franchise Carolina, PR 00981 174 Caribbean Petroleum Corporation Mohamed Saber Odd Lease and K-13 Kefferson St. Supply Parkville Agreement Guaynabo, PR 00969 176 Caribbean Petroleum Corporation Crespo Ortiz, Luis Carlos Lease and P.O. Box 1548 Supply Guaynabo, PR 00970-1548 Agreement 177 Caribbean Petroleum Corporation Awadallah Odeh, Wifki Lease and Ave. Central Esq. San Supply Patricio #1652 Agreement Las Lomas Rio Piedras, PR 00921 178 Caribbean Petroleum Corporation León, Antonio Lease and 1155 Ave. Hostos Supply Ponce, PR 00717-0931 Agreement 179 Caribbean Petroleum Corporation Barreras Díaz, Philip DBA Lease and Pbd Management Supply Urb. Las Cumbres Agreement 497 Ave. Emiliano Pol PMB 624 San Juan, PR 00926-5636 180 Caribbean Petroleum Corporation Crux Ocasio, Carlos Lease and P.O. Box 50415 Supply Tea Baja, PR 00950-0415 Agreement 184 Caribbean Petroleum Corporation Abraham, Sami Lease and Paseo Las Olas Supply Calle Tiburon 335 Agreement Dorado. PR 00646 185 Caribbean Petroleum Corporation Santiago Rivera, Felix Lease and Box 206 Supply Villalba, PR 00766 Agreement
188 Caribbean Petroleum Corporation Vega Rosario, Heriberto Trial Urb. Los Angeles 2330 Franchise Calk Celestial Carolina, PR 00979-1653 191 Caribbean Petroleum Corporation Fuentes Service Station Trial PMB Box 342 Franchise 425 Carr. 693 Suite I Dorado, PR 00646 193 Caribbean Petroleum Corporation Yacoub Husni P.O. Box Lease and 1813 Utuado, PR 00641 Supply Agreement 194 Caribbean Petroleum Corporation Roca Esteves, Juan Jose Lease and Ave Miramar No. 650 Supply Arecibo, PR 00612 Agreement 195 Caribbean Petroleum Corporation Cabrera & Rosado Trial P.O. Box 1055 Franchise Gun yams, PR 00784 196 Caribbean Petroleum Corporation Cotto, Miguel Trial HC 7 Box 34328 Franchise Caguas, PR 00727-9420 198 Caribbean Petroleum Corporation Jibril Jobar, Mohamed Lease and 1365 San Felix St. Supply Altamesa Dev Agreement San Juan, PR 00921 199 Caribbean Petroleum Corporation Sans Paula Oil Corporation Lease and P.O. Box 8618 Supply Bayamon, PR 00960-8035 Agreement 300 Caribbean Petroleum Corporation ADJA Corp. Lease-Sub c/o Garage Bonin Corp. Lease P.O. Box 242 Barceloneta, PR 00617 304 Caribbean Petroleum Corporation Iván Sierra Cintrón Lease-Sub Laderas de Palma Real Lease Cervantes W-7-32 San Juan, PR 00926 321 Caribbean Petroleum Corporation Miguel Cotto-Caguas Lease-Sub HC 7 Box 34328 Lease Caguas. PR 00725-9420 327 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 342 Caribbean Petroleum Corporation Ruse, Pedro R. Lease-Sub HC-02 Box 6035 Lease Sector La Linea Morovis, PR 00717-9722 345 Caribbean Petroleum Corporation Armando Santiago Lease-Sub Urb. Los Flamboyanes # 24 Lease Aguada. PR 00602
381 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 384 Caribbean Petroleum Corporation Alomac Properties And Lease-Sub Realty, Inc. Lease HC 7 Box 34328 Caguas, PR 00725-9420 371 Caribbean Petroleum Corporation Cuevas Gonzalez, NoeIP.O. Lease-Sub Box 763Cunny, PR 00627 Lease 376 Caribbean Petroleum Corporation Rollin Dayton, Alberto Lease-Sub Gana No. 5 Lease Adjuntas, PR 00610 402 Caribbean Petroleum Corporation Coop. Gasolinera De Hato Lease-Sub Tejas Lease P.O. Box 282 Bayamon, PR 00960 404 Caribbean Petroleum Corporation Mark Ter Horst Lease-Sub P.O. Box 8490 Lease Humacao, PR 00792 406 Caribbean Petroleum Corporation Yacoub Husni Lease-Sub P.O. Box 1813 Lease Utuado, PR 00641 407 Caribbean Petroleum Corporation Hamad Corporation Lease-Sub Calle Dr. Cueto 19 Lease Utusdo, PR 00641 414 Caribbean Petroleum Corporation Francisco Ortiz Roura Lease-Sub P.O. Box 1502 Lease Orocovis, PR 00720 415 Caribbean Petroleum Corporation Kam, Inc. Lease-Sub Cond. San Alberto # 605 Lease Ave. Condado Suite 721 San Juan, PR 00983 424 Caribbean Petroleum Corporation Damian Irizany Lease-Sub P.O. Box 125 Lease Lajas, PR 00667 425 Caribbean Petroleum Corporation Antonio Torres Lease-Sub P.O. Box 1497 Lease Rio Grande, PR 00745 427 Caribbean Petroleum Corporation Villa Turabo Service Lease-Sub Station, Inc. Lease HC 7 Box 34328 Caguas, PR 00727-9420 428 Caribbean Petroleum Corporation Hato Gas Service Station, Lease-Sub Inc. Lease HC 7 Box 34328 Caguas, PR 00725-9420
431 Caribbean Petroleum Corporation Wifki Awadallah Lease-Sub Ave. Central Esq. San Lease Patricio # 1625 Las Lomas Rio Piedras, PR 00921 432 Caribbean Petroleum Corporation Rafael Jose Segarra Lease-Sub C. Cool 222 Lease Parque de Isla Verde Carolina, PR. 00979-1381 435 Caribbean Petroleum Corporation Nieves Ocasio, Juan Ramon Lease-Sub HC-02 Box 10094 Lease Quebralillas, PR 00678 440 Caribbean Petroleum Corporation Vega Baja Gulf, Inc. P.O. Lease-Sub Box 2131Vega Baja. PR Lease 00694-2131 441 Caribbean Petroleum Corporation Mother & Son Adm. Lease-Sub Services Lease HC-40 Box 47926 San Loreazo, PR 00754 445 Caribbean Petroleum Corporation Torres Droz, David Lease-Sub P.O. Vox 373 Lease Las Marias, PR 00670 446 Caribbean Petroleum Corporation Jose Rivera Torres Lease-Sub HC-03 Box 15623 Lease Bo. lacagues Juana Diaz, PR 00795-9523 449 Caribbean Petroleum Corporation Miguel Cotto — Caguas Lease-Sub HC 7 Box 34328 Lease Caguas, PR 00725-9420 452 Caribbean Petroleum Corporation Neroby Developers Corp. Lease-Sub Box 50367 Lease Toe Baja, PR 00950-0367 453 Caribbean Petroleum Corporation Mahmoud Ali Sbehadeh Lease-Sub P.O. BOX 3313 Lease Vega Alta, PR 00692 459 Caribbean Petroleum Corporation Marina Puerto Chico Supply P.O. Box 488 Puerto Real Fajardo, PR 00740-0488 463 Caribbean Petroleum Corporation Cruz Rivera, Jose A. Lease-Sub Urb. Villanueva Lease Calle 4 Esq. 5 Q-9 Caguas, PR 00725 464 Caribbean Petroleum Corporation Coop. Gasolinera De Lease-Sub Dorado — Dorado Lease P.O. Box 407 Dorado, PR 00646-0407 467 Caribbean Petroleum Corporation Dernis Adrian Castro Lease-Sub Rivera Lease HC-01 Box 8139 Loiza, PR 00772
468 Caribbean Petroleum Corporation Figueroa Baez, Henry Lease-Sub Charles-Ponce Lease P.O. Box 2000 PMB 15 Mercedita, PR 00715 489 Caribbean Petroleum Corporation Santa Paula Oil Corporation Lease-Sub P.O. Box 8618 Lease Bayamon, PR 00960-8035 472 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 473 Caribbean Petroleum Corporation King Oil Corp.P.O. Box Lease-Sub 69001Suite 118Hatillo, PR Lease 00659-6901 474 Caribbean Petroleum Corporation A.Y.N. Investment Lease-Sub P.O. Box 69001 Lease Suite 118 Hatillo, PR 00659-6901 478 Caribbean Petroleum Corporation Luis Petrovich Clavell Lease-Sub Box 10698 Lease Ponce, PR 00732 479 Caribbean Petroleum Corporation AI Amana Corp, Bayamon Lease-Sub P.O. Box 3313 Lease Vega Alta, PR 00692 482 Caribbean Petroleum Corporation Rodriguez Triff, Daniel Lease-Sub Pio Baroja 315 Lease El Senorial San Juan, PR 00926 483 Caribbean Petroleum Corporation Rios Ruiz, Luis Angel Lease-Sub HC-02 Box 6026 Lease Adjuntas, PR 00601-9601 485 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 487 Caribbean Petroleum Corporation Ramon L. Nieves Lease-Sub HC-01 Box 3721 Lease Corozal, PR 00643 489 Caribbean Petroleum Corporation Gama Group, Inc. Lease-Sub P.O. Box 8631 Lease Bayamon, PR 00960-8631 497 Caribbean Petroleum Corporation Luis R. Coss Rivera Lease-Sub HC-70 Box 25999 Lease San Lorenzo, PR 00754 499 Caribbean Petroleum Corporation Deleon Bello, Pedro J.- Lease-Sub Manati Lease P.O. Box 1608 Vega Baja, PR 00694-1608
600 Caribbean Petroleum Corporation Glorisan, lnc. Ponce Lease-Sub Urb. Caminos del Sur Lease Calle Pelicano #407 Ponce, PR 00731 730 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 732 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 733 Caribbean Petroleum Corporation Abraham ParoleumPaseo Supply Las Olas Calle Tiburuon 335Dorado, PR 00646 734 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 735 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 736 Caribbean Petroleum Corporation Abraham Petroleum Lease-Sub Paseo Las Olas Lease Calle Tiburuon 335 Dorado, PR 00646 738 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 743 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 746 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 748 Caribbean Petroleum Corporation Abraham Petroleum Supply Paseo Las Olas Calle Tiburuon 335 Dorado, PR 00646 801 Caribbean Petroleum Corporation Morales, William Lease-Sub Box 595 Lease Guanica, PR 00653
802 Caribbean Petroleum Corporation Wifki Awadallah Lease-Sub Ave. Central Esq. San Lease Patricio # 1625 Las Lomas Rio Piedras, PR 00921 803 Caribbean Petroleum Corporation Victor M. Gonzalez Lease-Sub Calle Oviero Bloque 7 #3 Lease Urb. Torrimar Guavnabo, PR 00653 804 Caribbean Petroleum Corporation V & F Administration Supply Group, Inc. 68 Palmeras Reales Humacao, PR 00791 805 Caribbean Petroleum Corporation Anastacio Soto D/B/A Lease-Sub Asoc. De Pescadores de Lease Culebra P.O. Box 240 Culebra, PR 00775 900 Caribbean Petroleum Corporation Vilmarie Zayas Cabeza P.O. Lease-Sub Box 656 Punta Lease Santiago Humacao, PR 00741 905 Caribbean Petroleum Corporation Caez Rodriguez, Carlos Lease-Sub Villa Carolina Lease Calle 603 Bloque 222 #23 Carolina, PR 00985
