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Amended Final Judgment of the United States District Court for the Southern District of New York

[1].
WHEREAS, this cause came before the Court on Petitioner Olin Holdings Limited’s ("Olin") Petition to Confirm Foreign Arbitral Award, dated December 11, 2020;
[2].

WHEREAS, on March 22, 2022, this Court issued a Memorandum Opinion and Order (the "Order") granting Olin’s Petition to Confirm Foreign Arbitral Award and denying Respondent the State of Libya’s ("Libya") Motion to Dismiss the Petition to Confirm [Dkt. # 25];

[3].

WHEREAS, on April 14, 2022, this Court issued a Final Judgment directing Libya to pay Olin US$ 21,760,340.26 plus post-judgment interest at the rate mandated by 28 U.S.C. § 1961 from the date of the Final Judgment to the date of satisfaction [Dkt. # 29]; and

[4].

WHEREAS, the Final Judgment issued on April 14, 2022 contained a typographical error in the amount of the judgment ($21,760,340.26 instead of $27,760,340.26);

[5].
IT IS HEREBY ORDERED, ADJUDGED AND DECREED that for the reasons set forth in the Order:

1. Libya is directed to pay Olin US$ [27,731,688.49 + 3,183.53 for each day between April 5, 2022 and the date of the judgment, for a total judgment of US$ 27,760,340.26], consisting of principal amounts of US$ 773,000.00 and EUR 19,294,687.70 plus simple prejudgment interest calculated at the rate of 5% from May 25, 2018 (the date of the Arbitral Award) to April 14, 2022 (the date of the Final Judgment), using the USD / EUR exchange rate of 1.1644 in effect on May 25, 2018 (from the Wall Street Journal website), as set forth in Appendix 1 hereto;

2. Libya is further directed to pay Olin post-judgment interest at the rate statutorily mandated by 28 U.S.C. § 1961 from April 14, 2022 (the date of the Final Judgment) to the date of satisfaction.

[6].
The Clerk of the Court shall enter this Amended Final Judgment pursuant to Rules 58, 59(e) and 79(a) of the Federal Rules of Civil Procedure.

THIS IS A FINAL JUDGMENT.

Dated: New York, New York

. April __, 2022 May 27, 2022

APPENDIX 1

Parameters

[7].
Parameter Value
Award date 5/25/2018
Interest calculated as of 4/5/2022
Years of interest accruing between award and current date 3.87
Interest rate (annual, simple) 5.00%
Interest rate (daily, simple) 0.014%
USD / EUR exchange rate (25 May 2018) (from Wall Street Journal website) 1.1644
Awarded amount in Euros 19,294,687.70
Awarded amount in USD 773,000.00

Table 1 - Interest calculations

[8].
Calculation guide EUR Principal USD Pricipal Total
Principal Interest 19,294,687.70 3,729,425.25 773,000.00 149,411.37
Total [A] 23,024,112.95 922,411.37
Applicable rate (USD/EUR) (25 May 2018) [B] 1.1644 1.0000
Principal plus interest as at 5 April 2022 in USD [A]*[B] 26,809,277.12 922,411.37 27,731,688.49
Of which interest in USD 4,491,954.13

Table 2 - Daily interest after 5 April 2022

[9].
Calculation guide EUR Principle USD Priciple Total
Principal [A] 19,294,687.70 773,000.00
Daily interest [B] 0.014% 0.014%
Daily Interest after 5 April 2022 [C]=[A]*[B] 2,643.11 105.89
Applicable rate (USD/EUR) (25 May 2018) [D] 1.1644 1.00
Daily interest after 5 April 2022 USD (Using rate on 25 May 2018) [C]*[D] 3,077.63 105.89 3,183.53
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