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Full title: Operating Report - Miami Metals I, Inc. Post-Confirmation Quarterly Operating Report For The Period From January 1. 2021 to March 31, 2021 Filed by Jay Indyke on behalf of Litigation Trustee of the Miami Metals Litigation Trust. (Indyke, Jay) (Entered: 04/21/2021)

Document posted on Apr 20, 2021 in the bankruptcy, 6 pages and 0 tables.

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(f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC Diamonds, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (1507); Miami Metals VII LLC (f/k/a RMC2, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (4696); Miami Metals VIII LLC (f/k/a Republic High Tech Metals, LLC), 13001 NW 38 Avenue, Miami, FL 33054 (6102), and 12900 NW 38th Avenue, Miami, FL 33054 (1507).Closing Subsidiary Cases By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”), the substantive consolidation of the Debtors, and the transfer of certain assets, including claims and causes of action, to the Miami Metals Litigation Trust upon the effective date of the Plan. By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”), the substantive consolidation of the Debtors, and the transfer of certain assets, including claims and causes of action, to the Miami Metals Litigation Trust upon the effective date of the Plan.(f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC Diamonds, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (1507); Miami Metals VII LLC (f/k/a RMC2, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (4696); Miami Metals VIII LLC (f/k/a Republic High Tech Metals, LLC), 13001 NW 38 Avenue, Miami, FL 33054 (6102), and 12900 NW 38th Avenue, Miami, FL 33054 (1507).(f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC D

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IN RE: Miami Metals I, Inc. } CHAPTER 11 } } JUDGE The Honorable Sean H. Lane } DEBTOR. } Case No. 18-13359 (SHL) MIAMI METALS I, INC. POST-CONFIRMATION QUARTERLY OPERATING REPORT FOR THE PERIOD FROM January 1, 2021 TO March 31, 2021 This Post-Confirmation Quarterly Operating Report is filed in accordance with the Guidelines established by the United States Trustee and FRBP 2015. In accordance with 28 U.S.C. Section 1746, I declare under penalty of perjury that I have examined the information contained in this report and it is true and correct to the best of my knowledge. Signed:: /s/ Donna H. Lieberman Date: April 21, 2021 Donna H. Lieberman, Esq. Print Name Miami Metals Litigation Trustee Title MIAMI METALS LITIGATION TRUSTEE COUNSEL TO DONNA H. LIEBERMAN,IN HER CAPACITY AS LITIGATION TRUSTEE Donna H. Lieberman, Esq. Halperin Battaglia Benzija, LLP Paul J. Springer, Esq. 40 Wall Street, 37th Floor Cooley LLP New York, NY 10005 55 Hudson Yards (212) 765-9100 New York, NY 10001-2157 (212) 479 -6000 1 By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”) and the creation of the Miami Metals Litigation Trust. The Plan became effective on January 7, 2020. The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification number, included: Miami Metals I, Inc. (f/k/a Republic Metals Refining Corporation), 15 West 47th Street, Suites 206 and 209, New York, NY 10036 (3194); Miami Metals II, Inc. (f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC Diamonds, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (1507); Miami Metals VII LLC (f/k/a RMC2, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (4696); Miami Metals VIII LLC (f/k/a Republic High Tech Metals, LLC), 13001 NW 38 Avenue, Miami, FL 33054 (6102), and 12900 NW 38th Avenue, Miami, FL 33054 (1507). In accordance with Docket #1746, Final Decree (I) Closing Subsidiary Cases

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By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”), the substantive consolidation of the Debtors, and the transfer of certain assets, including claims and causes of action, to the Miami Metals Litigation Trust upon the effective date of the Plan. The Plan became effective on January 7, 2020. This report includes the activity of the following entities for the quarter ended March 31, 2021 and the post emergence period January 8, 2020 to March 31, 20211:
Table 1 on page 2. Back to List of Tables
Entity
Miami Metals Litigation Trust
Miami Metals I, Inc. (f/k/a Republic Metals Refining
Corporation)
By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”), the substantive consolidation of the Debtors, and the transfer of certain assets, including claims and causes of action, to the Miami Metals Litigation Trust upon the effective date of the Plan. The Plan became effective on January 7, 2020. This report includes the activity of the following entities for the quarter ended March 31, 2021 and the post emergence period January 8, 2020 to March 31, 20211: By order entered on December 23, 2019 (the “Confirmation Order”), the Bankruptcy Court confirmed the Modified Second Amended Joint Plan of Liquidation of Miami Metals I, Inc. and its Subsidiaries Under Chapter 11 of the U.S. Bankruptcy Code (the “Plan”), which provided for, among other things, the orderly wind-down of Miami Metals I, Inc. et al (the “Debtors”), the substantive consolidation of the Debtors, and the transfer of certain assets, including claims and causes of action, to the Miami Metals Litigation Trust upon the effective date of the Plan. The Plan became effective on January 7, 2020. This report includes the activity of the following entities for the quarter ended March 31, 2021 and the post emergence period January 8, 2020 to March 31, 20211: Entity Case Number Case Closed Miami Metals Litigation Trust N/A Miami Metals I, Inc. (f/k/a Republic Metals Refining 18-13359 Corporation) Notes to the Quarterly Operating Report: (1) The financial information contained herein is presented on a preliminary and unaudited basis and remains subject to adjustments. (2) This Quarterly Operating Report (“QOR”) has been prepared solely for the purpose of complying with the reporting requirements applicable in the bankruptcy cases and is in a format acceptable to the U.S. Trustee. (3) The combined unaudited financial statements contained herein have been derived from the books and records of Miami Metals I, Inc. and the Miami Metals Litigation Trust. The quarterly financial information is unaudited and limited in scope and the information has not been subject to the same level of accounting review and testing that applies to the preparation of quarterly and annual financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Accordingly, upon application of such procedures, the Litigation Trustee believes that the financial information may be subject to change and that these changes could be material. (4) The QOR is for quarter ended March 31, 2021 and the Post-Confirmation Period January 8, 2020 to March 31, 2021 and excludes any receipts and disbursements received or made prior to the Effective Date.   1   The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification number, included: Miami Metals I, Inc. (f/k/a Republic Metals Refining Corporation), 15 West 47th Street, Suites 206 and 209, New York, NY 10036 (3194); Miami Metals II, Inc. (f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC Diamonds, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (1507); Miami Metals VII LLC (f/k/a RMC2, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (4696); Miami Metals VIII LLC (f/k/a Republic High Tech Metals, LLC), 13001 NW 38 Avenue, Miami, FL 33054 (6102), and 12900 NW 38th Avenue, Miami, FL 33054 (1507). In accordance with Docket #1746, Final Decree (I) Closing Subsidiary Cases and (II) Granting Related Relief, all cases except Miami Metals I, Inc. ("Remaining Case") were closed on April 3, 2020. 
Table 2 on page 2. Back to List of Tables
Entity
Miami Metals Litigation Trust
Miami Metals I, Inc. (f/k/a Republic Metals Refining
Corporation)
Notes to the Quarterly Operating Report: (1) The financial information contained herein is presented on a preliminary and unaudited basis and remains subject to adjustments. (2) This Quarterly Operating Report (“QOR”) has been prepared solely for the purpose of complying with the reporting requirements applicable in the bankruptcy cases and is in a format acceptable to the U.S. Trustee. (3) The combined unaudited financial statements contained herein have been derived from the books and records of Miami Metals I, Inc. and the Miami Metals Litigation Trust. The quarterly financial information is unaudited and limited in scope and the information has not been subject to the same level of accounting review and testing that applies to the preparation of quarterly and annual financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Accordingly, upon application of such procedures, the Litigation Trustee believes that the financial information may be subject to change and that these changes could be material. (4) The QOR is for quarter ended March 31, 2021 and the Post-Confirmation Period January 8, 2020 to March 31, 2021 and excludes any receipts and disbursements received or made prior to the Effective Date.   1   The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification number, included: Miami Metals I, Inc. (f/k/a Republic Metals Refining Corporation), 15 West 47th Street, Suites 206 and 209, New York, NY 10036 (3194); Miami Metals II, Inc. (f/k/a Republic Metals Corporation), 12900 NW 38th Avenue, Miami, FL 33054 (4378); Miami Metals III LLC (f/k/a Republic Carbon Company), 5295 Northwest 163rd Street, Miami Gardens, FL 33014 (5833); Miami Metals IV LLC (f/k/a J & L Republic LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7604); Miami Metals V LLC (f/k/a R & R Metals, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (7848); Miami Metals VI LLC (f/k/a RMC Diamonds, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (1507); Miami Metals VII LLC (f/k/a RMC2, LLC), 12900 NW 38th Avenue, Miami, FL 33054 (4696); Miami Metals VIII LLC (f/k/a Republic High Tech Metals, LLC), 13001 NW 38 Avenue, Miami, FL 33054 (6102), and 12900 NW 38th Avenue, Miami, FL 33054 (1507). In accordance with Docket #1746, Final Decree (I) Closing Subsidiary Cases and (II) Granting Related Relief, all cases except Miami Metals I, Inc. ("Remaining Case") were closed on April 3, 2020. 

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Upon the effective date of the Plan and pursuant to the Confirmation Order, Donna H Lieberman, Esq. was appointed to serve as the Litigation Trustee of the Miami Metals Litigation Trust. Pursuant to the Plan and Confirmation Order, the Litigation Trustee has prepared this QOR as the authorized signatory of the Litigation Trust. The QOR does not purport to represent financial statements prepared in accordance with Generally Accepted Accounting Principles in the United States (“US GAAP”), nor is it intended to be fully reconciled with the Financial Statements of each Debtor and the Litigation Trust. Additionally, the QOR contains unaudited information that is subject to further review and potential adjustment. In preparing the QOR, the Litigation Trust relied upon financial data derived from the Debtors’ and the Litigation Trust’s books and records that were available at the time of such preparation. Although reasonable efforts were made to ensure the accuracy and completeness of such financial information, inadvertent errors or omissions, as well as the discovery of conflicting, revised or subsequent information may cause a material change to the QOR. Accordingly, all rights are reserved to amend, supplement or otherwise modify the QOR as is necessary and appropriate. Notwithstanding the foregoing, the Litigation Trustee shall not be required to update the QOR.

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Table 1 on page 4. Back to List of Tables
QUESTIONNAIRE None None
YES* NO
1. Have any assets been sold or transferred outside the normal course of business, or
outside the Plan of Reorganization during this reporting period?
X
2. Are any post-confirmation sales or payroll taxes past due? X
3. Are any amounts owed to post-confirmation creditors/vendors over 90 days
delinquent?
X
4. Is the Trust current on all post-confirmation plan payments? X
*If the answer to any of the above questions is "YES," provide a detailed explanation of each item on a separate sheet.
Table 2 on page 4. Back to List of Tables
INSURANCE INFORMATION (SEE NOTE) None None
YES NO*
1. Are real and personal property, vehicle/auto, general liability, fire, theft, worker's
compensation, and other necessary insurance coverages in effect?
X
X
2. Are all premium payments current? None None
*If the answer to any of the above questions is "YES," provide a detailed explanation of each item on a separate sheet.*If the answer to any of the above questions is "NO," provide a detailed explanation of each item on a separate sheet (see Note)
Table 3 on page 4. Back to List of Tables
CONFIRMATION OF INSURANCE (SEE NOTE) None None None
TYPE of POLICY and CARRIER Period of Coverage Payment Amount
and Frequency
Delinquency
Amount
None None
None None
None None
NOTE: The Trust has only cash assets and causes of action, and does not maintain insuranceDESCRIBE PERTINENT DEVELOPMENTS, EVENTS, AND MATTERS DURING THIS REPORTING PERIOD: During the quarter, the Litigation Trustee performed the following activities: - Conferred with special preference counsel re demands, information, settlement negotiations, motions to approve settlements, and mediations; - Entered into Settlement Agreements resolving certain preference and other claims as well as related filed claims. - Continued negotiations with the Rubins and interaction with mediation-related analyst;- Communicated with the Oversight Committee re Trust matters; and,- General case administration. Estimated Date of Filing the Application for Final Decree: To be Determined

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SCHEDULE OF RECEIPTS AND DISBURSEMENTS In RMIAMI METALS I, INC. et al Case No. 18-13359 (SHL) Reporting Period Jan 1 2021 to Mar 31, 2021
Table 1 on page 5. Back to List of Tables
Current Period Post Confirmation Total Jan
Jan 1 2021 to Mar 31, 2021 8, 2020 to Mar 31, 2021
None None None None
Cash, Beginning of Period $ 3,017,472 $ - None None None None
Receipts None None None None
Interest Income 2,592 3 7,235
Avoidance Actions 239,244 8 36,766
Other Receipts - 3 ,606
Intrabank transfers (Note 1) - 7,913,032
Total Receipts 241,836 8,790,639
Disbursements None None None None
Operating Disbursements
US Trustee Fees 4,875 6 1,263
Federal Taxes - -
State Taxes - -
Other Taxes - -
Post-Emergence Expenses -
Insurance - -
Trustee Bond - -
Other Operating Expenses 1,368 6 5,420
-
Prof. Fees - Trustee 47,403 3 79,088
Other Legal Fees 117,135 2,808,783
Prof. Fees - Accounting/Tax 2,319 1 4,627
E-Records Maintenance / Document Storage 51,532 1 89,412
Prof Fees - Other 22,315 8 0,015
Plan Payments
Administrative Claims - 2,141,727
Priority Tax Claims - -
Secured Claims - -
Priority Non-Tax Claims - -
General Unsecured Creditors - 3 7,944
Intrabank Transfers - -
Total Disbursements 246,948 5,778,279
Net Cash Flow (5,111) 3,012,360 Cash - End of Month (Note 2) $ 3,012,360 $ 3,012,360HE FOLLOWING SECTION MUST BE COMPLETE DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: In reMIAMI METALS I, INC. et al Case18-13359 (SHL) Total Total Disbursements 246,948 Less Intrabank transfers - Total Disbursements For Calculating U.S. Trustee Quarterly F 246,948Notes: (1) As outlined in the Declaration of Disbursements (Docket #1688), from January 1 to the Effective Date, the Debtors disbursed $7,405,894 (of which $4.0 million was earmarked for holders of Allowed 503 (b) (9) Claims), which included the transfer of $7,363,031 to the Miami Metals Litigation Trust. In addition, the Trust received $550,000 from excess reserves held by the Paladin Group, the Chief Restructuring Officer of the Debtors. (2) General Account includes $837,007 in preference and avoidance action recoveries.

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In Re MIAMI METALS I, INC. et al Case No.18-13359 (SHL) Reporting PeriodAs of March 31, 2021
Table 1 on page 6. Back to List of Tables
Case # None Debtor Bank Name Account Type/Purpose Bank Account
Ending In:
Bank Balance OS Checks Other Rec
Items
Book Balance
None
18-13359 (SHL) None Miami Metals
Litigation Trust
Signature Bank 503 b 9 Reserve XXXX 1,879,638 1 ,879,638
18-13359 (SHL) None None Signature Bank General Account XXXX 1,132,722 1 ,132,722
18-13359 (SHL) None None Signature Bank Checking XXXX 1,946 (1,946) -
Total - Cash Accounts None $ 3,014,306 $ ( 1,946) $ - $ 3 ,012,360
None $ - $ - $ - $ -
Note: (1) General Account includes $837,007 in preference and avoidance action recoveries.

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