SIGTEM REAL ESTATES INCORPORATED REGISTRO DE ACCIONES SHARE REGISTER Page 1 of 1 ACCIONETA Nomlaro direccion DER Name and address No. do Cortificado Cor??caIe No. No. Ctaso?orio do accionos No. Ca?ass?f Series of Shares Focha do omisi?n adqulsiclon Date of Issue or purchase Suma pagoda totaimonto pagoda Amour? paid or My paid Doj? do ser accionlsta dosdo: Coased to be sharehoidor on: Transforoncia .r inlorcambio Transfer I Exchange Fecha do transferoncia Date of Transfer No. do acclonos transforfdas Adquiriontes N0. of sha Transforms No? do Cert. Nuovo Now Cort No. Mr. Mlhran POGHO SYAN Bauayan Str._i1ouse 33. Yerevan. Republic of ?rmenla 100 05- AUG-2011