Approves The Agreement Between The Republic Of Argentina And The Corporación Andina De Fomento On Ordinary Capital Subscription Of Shares

Original Language Title: Apruébase el Acuerdo entre la República Argentina y la Corporación Andina de Fomento sobre Suscripción de Acciones de Capital Ordinario

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/9943757/20170323

Agreements Act 26.699 approves the agreement between the Republic of Argentina and the Corporación Andina de Fomento on subscription of ordinary Capital shares. Sanctioned: 3 August 2011 fact promulgated: August 19, 2011 the Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. they attest to the force of law: article 1º - approves the agreement between the Argentine Republic and the Corporación ANDINA DE FOMENTO on subscription of shares of ordinary Capital, signed in the city of Buenos Aires on November 3, 2009, consisting of seven (7) clauses whose text is an integral part of this action as annex I. The total amount of the contribution is of dollars Americans % eighty-nine million nine hundred ninety and six thousand (U$ S 189.996.000) payable in cash in seven (7) fees annual and consecutive, and must pay the first fee in 2011.
Article 2. - the Ministry of economy and finance public through the Ministry of finance instruct the BANCO CENTRAL DE LA REPUBLICA ARGENTINA, in its capacity as depositary and agent of the country to the international financial institutions, to execute in the name and on behalf of the Argentine Republic, the payment of contribution fees to the Corporación ANDINA DE FOMENTO.
Article 3º - in order to cope with the emerging commitments under this Act, the BANCO CENTRAL DE LA REPUBLICA ARGENTINA must have the corresponding matching funds, which must be provided by the Ministry of Finance of the Ministry of economy and public finances prior inclusion of such delivery in the General budget of the National Administration Act in relevant exercises.
Article 4. - communicate to the national executive power. GIVEN IN THE ASSEMBLY HALL OF THE ARGENTINE CONGRESS, IN BUENOS AIRES, THREE, AUGUST OF THE YEAR TWO THOUSAND ELEVEN. -REGISTERED UNDER NO. 26.699 - JULIO C. C. COBOS. -PATRICIA S. FADEL. -Enrique Hidalgo. -John H. Estrada.
Appendix I Convention of subscription of shares of CAPITAL ordinary https://www.boletinoficial.gob.ar/pdf/linkQR/bjdLK1QzZU1QTWN5VC9wRXlpb01lUT09 series "c" between the Ministry of economy and finance, hereinafter called "the Subscriber", represented by Minister Amado Boudou, and the Andean Development Corporation, hereinafter "CAF", represented in this Act by President Enrique García, jointly "the parties", has been agreed to celebrate the present in the terms and conditions listed below are designated : 1. by resolution No. 1848 / 2009, August 18, 2009, the Board of the Andean Development Corporation decided to put at the disposal of the shareholders of the Series "b" and "C" of the subscription of new shares of ordinary Capital CAF, in proportion to their participation in the capital until that date and the quantity, distribution and payment schedule should be similar to the proposal in document D.CXXXV. D.3-2009 presented by the administration. 2. the Subscriber, by this Act, signed thirteen thousand three hundred eighty (13,380) shares of the "c" series, corresponding to the ordinary Capital of the CAF, each with a heritage value at the date of the present of fourteen thousand two hundred dollars of the United States of America (US $ 14.200), for a total of one hundred eighty-nine million nine hundred ninety and six thousand dollars of the United States of America ($ 189.996.000,00) (, amount that will be paid in annual and consecutive installments in the following way: to) in the year 2011, an amount of nine million nine hundred ninety and six thousand eight hundred dollars for seven hundred four (704) actions of the "c" series of the United States of America ($ 9.996.800,00); (b) in the year 2012, the amount of fourteen million nine hundred ninety-five thousand two hundred dollars of the United States of America ($ 14.995.200,00), corresponding to thousand and fifty-six (1,056) actions of the "c" series; (c) in the year 2013, an amount of twenty-five million six thousand two hundred dollars of the United States of America ($ 25.006.200,00), corresponding to thousand seven hundred sixty-one (1.761) actions of the "c" series; (d) in 2014, an amount of thirty million four thousand six hundred dollars of the United States of America ($ 30.004.600,00), corresponding to two thousand one hundred thirteen (2.113) actions of the "c" series; (e) by the year 2015, an amount of thirty-five million three thousand dollars of the United States of America ($ 35.003.000,00), corresponding to two thousand four hundred sixty-five (2,465), actions of the "c" series; (f) in 2016, an amount of thirty-five million three thousand dollars of the United States of America ($ 35.003.000,00), corresponding to two thousand four hundred sixty-five (2,465) actions of the "c" series; and (g) in the year 2017, an amount of thirty and nine million nine hundred eighty-seven thousand two hundred dollars of the United States of America ($ 39.987.200,00), corresponding to two thousand eight hundred sixteen (2816) actions of the "c" series. 3. the payments referred to in paragraph 2 shall be made before 30 September of each calendar year. The last of the payments not be made beyond 30 September 2017. 4. all payments will be made in dollars of the United States of America. 5 CAF will deliver titles corresponding to the actions that subscribes, as this made the payments indicated in paragraph 2 and by the number of shares referred to therein, in each case, to the Subscriber. 6. this Convention shall enter into force on the date of the notification by which the Argentina Republic informs the Corporation that met the legal requirements for its entry into force. 7. disputes arising between the parties concerning the interpretation and application of this Convention shall, whenever possible, be resolved through friendly consultations between them to relevant institutional channels through https://www.boletinoficial.gob.ar/pdf/linkQR/bjdLK1QzZU1QTWN5VC9wRXlpb01lUT09. In proof of compliance, two copies are signed of equal tenor and a same effect, in the city of Buenos Aires, the three days of the month of November of two thousand nine.

Date of publication: 25/08/2011 https://www.boletinoficial.gob.ar/pdf/linkQR/bjdLK1QzZU1QTWN5VC9wRXlpb01lUT09