VILLA PESCARA S‘A‘ l the "C om pan-yu ) Minutes of the First Meeting of the Directors held tm the 6Eh (la); etíluly. lel 5. 1.- ¡nt-up..- —-—.—.—---.m-..—_.__.. NOTICE: Notice to this Meeting was waived by all persons entitled thereto. PRESENTED “JERE; - MARIA EUGENIA TORELLO JUAN MARTIN LUQUE CHAIRNIAN OF THE MEEÏING: MARIA EUGENIA TORELLO. Director of the Company. was eleeted ('Ïhainnan ofthe Meeting. . SECRETARY OF THE MEETING: JUAN MARTI-N LUQUE, Director of the Company. was elected Secretary oi‘the Meeting and acted as such. recording the minutes thereof. IT WAS CONFIRMED: i. That the (Tompany‘s Memorandum and Articles nl" Asmciatiun had been registered at the Registry m" Corporate Affairs: 2. "l‘ltat the Registered Agent ol" the Company has appointed the Company-E first directurs; LJ.) That the Company is. authorized to issue a maximum of 50.000 no par value shares Dfa single class: 4. That the first Registered Office of the Company is situated at Akara Building. ‘24 De Castro Street. Wiekhams Ca} l. Tortola. British V irgin Ifi-lall'dfii lJt That the first Registered Agent of the Company. is Mossaek Fonseca ¿e Cn. (B.V.l.) Ltd. 6. That the following persons have been appointed as Directo:sz of the Campam- with immediate effect. Consth letter to act as directora have been received and 't’orms part of the records of the Company: MARIA EUGENIA TORELLO JUAN MARTIN LUQUE THE FOLLOW’ING RESOLUTIONS W'ERE PASSED: 7. To authorize. as it is hereby authorized. the issuanee of the Following shares certificates, to wit: of WI CE RT N0 SHARES MEMBER i .1 50.000 Joint Tenaney with Rights of Survivorship. 8. Toauthorize as is hereby authorized the Registered Agent to tip-date the Register 10. Members by ente-ring the issuance of the foliowing shares in the Register of Members: Share eertifioate numbered one {1) for thousand shares issued to Maria Eugenia Torelio ande/or Juan Martin Luque in Joint Tenaney with Rights ot‘ Survivorship. That the original Registers of Directors and Members will be kept at BAHIA BLANC A. MORENO 79. BAHIA BLANCA. ARGENTINA; and a copy ofsuch documents will be .kept at the Registered Office of the Company. That the records and underlying documentation of the company wiil be kept at BAHIA BLANCA. MORENO 79. BAHIA BLANCA ARGENTINA, .That the Company-¿E common sea] be and is hereby adopted. an impression ofwhich is made in the mal-gin of the minutes for the purpose of identification: TERMINATION: There being no other business, the Meeting ended. MAMEÜÓENÏA TORELLO — Director C hairman of the Meeting A J' ¡J ///, F / JUA MARTIN/LUQUE —Direet0t Secretary of the Meeting Maria Eugenia Torelio and/or Juan Martin Luque ¡h i