MOSSACK FONSECA MF LEGAL SERVICES Building. East 54th Street, Marbelia P.O. Box 0832-0888 W.T.C. Panama, Rep. of Panama Tel. 507 205?5888 Fax 50? 263-7327 22nd December, 2010. Messrs. ASSOCIATED TRUSTEES LIMITED OF NEVIS (ATL) Henville Building Prince Charles St. Charlestown, Nevis West Indies Dear Sirs: A GLOBAL APPROACH TO LEGAL SOLUTIONS Further to your request, we proceeded to conduct the search of the above mentioned company in the Panamanian Public Registry, and we inform you the following: Name of the company: HUGHSON MANAGEMENT INC. Registration Data: The company was incorporated by means of Public Deed No. 9680 of June, 2008 of Fifth Notary Public of the Notarial Circuit of Panama and recorded at Microjacket: 528828 Document: 965542 on 12?1 June,2006. Main Objects: Investment Capital: That it?s authorized share capital consists of 10,000.00 divided in 100 nominative or bearer shares of a nominal par value of Domicile: Panama, Republic of Panama. Duration: Perpetual Directors and Officers: Director/President Director/'1' reasurer DirectorISecretary ARZU ALIYEVA - LEYLA ALIYEVA - OLIVIER MESTELAN - Bahamas - British Anguiila - British Virgin Istands - Samoa - Seychelles - Republic of Panama - Florida - Nevada - Spain - Vancouver Hong Kong - Da Lian - Hangzhou - Nanjing - Ningbo - Qingdao - Shangai - Shenzhen - Singapore -Thailand - Cyprus - Czech Republic Geneva - Gibraltar - Isle of Man - Jersey - Liechtenstein London - Luxembourg - Zug - Zurich - Brazil Bolivia - Boquete (Panama) Colombia - Ecuador El Salvador - Guatemala - Guayaquil Peru - Uruguay -Vene2uela - United Arab Emirates. I CERTIFIED 9001 A GLOBAL APPROACH MOSSACK FONSECA To mmossfomcom Page #2 Legal Representative: Not recorded Registered Agent: MORGAN MORGAN With address at: 53rd Street, Marbella, Panama Rep. of Panama Telephone No, (507)265-7777 Email address: info@morimor.com Search at Ministry of Economy and Finance: This company is in good standing with the Panamanian Government regarding franchise payments, surcharges and governmental fine until 2010. If you require further services or assistance, please do not hesitate to contact us again. Yours sincerely, MF LEGAL SERVICES Josette que ert Attorney- t-Law MOSSACK FONSECA .PEDIGREE Fecha de la investigaci?n: 0 Confeccionado por 23 PMA 0 r? Nombre de la Sociedad: #Ci' MD A C5 6: #Urr/U/ kc: I Nombres Anteriores: 1 Objetos Principat s: .LWU 3 55 5 1?7 (.2: . d, 6? CapitalDivisi?n: {(90 010:: Tipo de acciones: 5/74 9 0 4.14": pm Domicilioz?m0k??70L, . Directores I Dignatarios Aazm ALE VEUA 1N {9 ,Zpy/a DLWD M85972 AM REPRESENTANTE LEGAL: . AGENTE RESIDENTE M0 32.6: L0 FQO ?85051; .0 - DATOS DEL PACTO SOCIALNOT. 5 an} INSCRITAA 1 TOMO I FOLIO ASIENTO I FICHA: 529%] 7/9 ROLLO IMAGEN DOC. (7) 633?952:? ACTUALIZADA A FICHA FECHA DE REGISTRO: i DE DE 2529 OBSERVACIONES CM. 211.03 8-780? e-ta:< Panam? - Consultar Estado de Cuenta 9/12/2010 11:59 1017 NL?Imero de Ruc: Numero Ruc: Nombre: HUGHSON MANAGEMENT Detalle Cuenta Tipo Cuenta: 1 Tributos Impuesto: 315 Tasa Unica Interes a1: 20101209 Movlmiento Saldos . Vr Vr Vr Vr . . Saldo Saldo Saldo Satdo venclto lmpuesto Reca?r?gg?mmta interes ?L'mero reCha valor T'po Imp Rec M01 w301; 200600 1 20070115 250.00 0.00 0.00 0.00 822824 20060609 250.00 Pago 0.00 0.00 0.00 0.00 200700 1 20080115 300.00 0.00 0.00 0.00 306410 20070621 300.00 Page 0.00 0.00 0.00 0.00 200800 1 20090115 300.00 0.00 0.00 0.00 327907 20080624 300.00 Page 0.00 0.00 0.00 0.00 200900 1 2.0100115 300.00 0.00 0.00 0.00 355661 20090629 300.00 Page 0.00 0.00 0.00 0.00 Impucsto DB: 0.00 Recargo: 0.00 Multa: 0.00 Interes: 0.00 Total a Pagar: 0.00 Impuesto CR a Favor: 0.00 Ma 3, We? 00" QM) M91655ng . fee $6 lo 72? (?to eutax Panam? - Consultar Estado de Cuenta 9/12/2010 11:59 2671870- 21% NL?Imero de Ruc: 31% Numero Ruc: Nombre: HUGHSON MANAGEMENT Detalle Cuenta Tlpo Cuenta: 6 Pagos no apllcados lmpuesto: 315 Tasa Unica Interes al: 20101209 Movimiento Saldos . . Vr Vr Vr Vr . Saldo Salcso Saldo Saldo PenodoCuota Vent/to lmwesto Recargo Mum Interes Numeroh Fechd Vale] Tlpo Imp Rec Mul Int 0 1 20070621 0.00 0.00 0.00 0.00 382527 20100630 300.00 Page ?300.00 0.00 0.00 0.00 Impuesto DB: 0.00 Ream-go: 0.00 Multn: 0.00 Intercs: 0.00 TotataPagar: 0.00 Impuesto CR a Favor: -300.00