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

Original Language Title: Apruébase el Convenio 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/10339565/20160703

AGREEMENTS agreements Law 26.887 approving the agreement between the Republic of Argentina and the Corporación Andina de Fomento on ordinary Capital subscription of shares. Adopted: 11 September 2013 promulgated: 20 September 2013 the Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. they attest to the force of law: article 1 ° - approved as provided by the agreement on subscription of shares of Capital ordinary series "b" signed between the Argentine Republic and the Corporación ANDINA DE FOMENTO (CAF) signed in the city of Buenos Aires the day March 2, 2012 and in the city of Caracas, March 6, 2012 consisting of eight (8) clauses, which authenticated copy is an integral part of the present law as annex I. ARGENTINA agreed to subscribe one sixteen thousand and ninety-six (16.096) registered shares of series "b" corresponding to the ordinary Capital of the aforementioned Corporation, each with a fourteen thousand two hundred US dollars equity value (U$ S 14.200). The total amount of the contribution is of two hundred twenty-eight million five hundred sixty-three thousand two hundred US dollars (U$ S 228.563.200), payable in four (4) annual fees of consecutive and equal, equivalent each of them amount to fifty and seven million one hundred forty thousand eight hundred US dollars (U$ S 57.140.800), corresponding to twenty-four thousand four (4.024) shares of series "b". Should be noted that each one of them payments must perform is before the day 30 of September of each year calendar (2013, 2014, 2015 and 2016). The last of the payments not be made beyond September 30, 2016.
Article 2 ° - authorized the BANCO CENTRAL DE LA REPUBLICA ARGENTINA as a depository and agent of the country to the international financial institutions, to carry out in the name and on behalf of the Argentine Republic contributions and subscriptions set forth by this law.
Article 3 ° - in order to cope with the emerging commitments under this Act, the BANCO CENTRAL DE LA REPUBLICA ARGENTINA must have the corresponding matching funds that must be provided by the Ministry of Finance of the Ministry of economy and public finances, previous inclusion of such delivery in the General budget of the National Administration Act in relevant exercises.
Article 4 ° - contact the national executive power.
GIVEN in the room of session of the Argentine Congress in BUENOS AIRES, to the eleven https://www.boletinoficial.gob.ar/pdf/linkQR/YmowT3RycDBZeUJycmZ0RFhoUThyQT09 days of the month of September in the year two thousand THIRTEEN.
-REGISTERED UNDER NO. 26.887 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -Gervasio Bozzano. -John H. Estrada.
Annex I Convention of subscription of shares of CAPITAL ordinary series "B" between the Ministry of economy and finance public, in forward called "the Subscriber", represented by its holder the Dr. Hernan Gaspar Lorenzino, and the Corporation Andean of promotion, in forward "CAF", represented in this Act by its President Dr. Luis Enrique Garcia Rodriguez, jointly "them parts", is has agreed celebrate the present in them terms and conditions that then is point : 1. by resolution No. 1965 / 2011, number 1, November 29, 2011, directory of CAF decided to put at the disposal of the shareholders of the "b" series of CAF the subscription of new shares of common stock, the amount, distribution and payment schedule should be similar to the alternative 3 proposed in document D.CXLIII. D.5 2011 presented by the administration. 2. the Subscriber, by this Act, endorses sixteen thousand and ninety-six (16.096) registered shares of series "b", corresponding to the ordinary Capital of CAF, each with a heritage value at the date of the present of fourteen thousand two hundred dollars of the United States of America ($ 14.200,00), for a total of two hundred twenty-eight million five hundred sixty-three thousand two hundred dollars of the United States of America ($ 228.563.200,00) (, amount that will be paid in annual and consecutive installments in the following way: a) in 2013, an amount of fifty and seven million one hundred forty thousand eight hundred dollars for four thousand and twenty four (4.024) shares of series "b" of the United States of America ($ 57.140.800,00); (b) in 2014, an amount of fifty and seven million one hundred forty thousand eight hundred dollars for four thousand and twenty four (4.024) shares of series "b" of the United States of America ($ 57.140.800,00); ((c) by the year 2015, an amount of fifty and seven million one hundred forty thousand eight hundred dollars of the United States of America (US $ 57.140.800,00) corresponding to twenty-four thousand four (4.024) shares of series b, and d) in 2016, an amount of fifty and seven million one hundred forty thousand eight hundred dollars of the United States of America (US $ 57.140.800,00) for twenty-four thousand four (4.024) shares of series "b". 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 September 30, 2016. 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. disputes that may arise in connection with this agreement, will be resolved, first, through talks between the parties and, in case of not reaching an agreement within a reasonable time, by the mechanism provided for in article 45 of the constitutive agreement of CAF. 7. the parties recognize that the participation of the Republic of Argentina in this subscription is https://www.boletinoficial.gob.ar/pdf/linkQR/YmowT3RycDBZeUJycmZ0RFhoUThyQT09 subject to the approval of the legislative branch. 8. the present Convention shall enter into force on the date on which the Subscriber communicated to CAF who has complied with all the requirements that are necessary for that purpose. In proof of compliance, are signed two copies of equal tenor and a same effect, in the city of Buenos Aires, to the two days of the month of March in two thousand twelve, I remember MEyFP Nº 6/12 in the city of Caracas, to the 6 days of the month of March in two thousand twelve.

Date of publication: 23/09/2013 https://www.boletinoficial.gob.ar/pdf/linkQR/YmowT3RycDBZeUJycmZ0RFhoUThyQT09