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<SEC-DOCUMENT>0001123292-07-000157.txt : 20070227
<SEC-HEADER>0001123292-07-000157.hdr.sgml : 20070227
<ACCEPTANCE-DATETIME>20070227170147
ACCESSION NUMBER:		0001123292-07-000157
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		10
FILED AS OF DATE:		20070227
DATE AS OF CHANGE:		20070227
GROUP MEMBERS:		D.E. SHAW & CO., L.L.C.
GROUP MEMBERS:		D.E. SHAW & CO., L.P.
GROUP MEMBERS:		D.E. SHAW LAMINAR EMERGING MARKETS, L.L.C.
GROUP MEMBERS:		D.E. SHAW LAMINAR PORTFOLIOS, L.L.C.
GROUP MEMBERS:		DAVID E. SHAW

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAS TRANSPORTER OF THE SOUTH INC
		CENTRAL INDEX KEY:			0000931427
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-46666
		FILM NUMBER:		07653985

	BUSINESS ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		1206 CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		005401148659050X1093

	MAIL ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			1206

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			D. E. Shaw Laminar Emerging Markets, L.L.C.
		CENTRAL INDEX KEY:			0001391112
		IRS NUMBER:				010577802
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		TOWER 45, 120 WEST 45TH STREET
		STREET 2:		39TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-478-0000

	MAIL ADDRESS:	
		STREET 1:		TOWER 45, 120 WEST 45TH STREET
		STREET 2:		39TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>deshaw13d022707.htm
<TEXT>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C. 20549</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SCHEDULE 13D</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Under the Securities Exchange Act of 1934</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 1.5pt;padding-bottom:1;'><font size=2>Transportadora de Gas del Sur, S.A. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Name of Issuer)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.75in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 1.5pt;padding-bottom:1;'><font size=2>Class B Common Shares</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Title of Class of Securities)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.75in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 1.5pt;padding-bottom:1;'><font SIZE=2>P9308R-10-3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(CUSIP Number)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.75in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>D. E. Shaw Laminar Portfolios, L.L.C.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Attn:  Compliance Department</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>120 West Forty-Fifth Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Floor 39, Tower 45</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>New York, NY 10036</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 1.5pt;padding-bottom:1;'><font size=2>212-478-0000 </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Name, Address and Telephone Number of Person</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Authorized to Receive Notices and Communications)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.75in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:solid 1.5pt;padding-bottom:1;'><b><font size=2>January 18, 2006</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Date of Event which Requires Filing of this Statement)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.75in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: </font><font face=Wingdings>o</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Note</font></b><font size=2>: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 240.13d-7 for other parties to whom copies are to be sent.</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2>* The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2>The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
<font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><B><font SIZE=2>SCHEDULE 13D</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="685" style='margin-left:0in;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td  colspan="4" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'><b><font size=2>CUSIP No.   893870204</font></b></p> </td>
        <td width="156" valign=top style='border-left:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.7pt'><font size=1>&nbsp;</font></p> </td>
        <td width="214" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-left:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>1</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;   padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>D. E. Shaw Laminar Emerging Markets, L.L.C.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>FEIN 01-0577802</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>2</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>CHECK
          THE APPROPRIATE BOX IF A MEMBER OF A GROUP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
        <p style='margin-left:0pt;text-indent: 390.75pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>(b)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>3</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; background:#F2F2F2; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font SIZE=2>SEC USE ONLY</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>4</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>SOURCE OF FUNDS (See Instructions)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>WC </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>5</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>CHECK
          IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>or
          2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>6</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>Delaware</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="2" rowspan=4 valign=top style='border-top: solid black 1.0pt;border-left:solid black 1.0pt;border-bottom:none; border-right:none;padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font SIZE=2>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>7</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>8</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>47,123,401</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>9</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>10</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>47,123,401</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>11</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>47,123,401</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>12</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.5pt;margin-bottom:12pt'><font SIZE=2>CHECK
          IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN</font><br>
          <font size=2>SHARES (SEE INSTRUCTIONS)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>13</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>12.1%</font><font size=2><sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>14</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>OO</font></p> </td> </tr>
    <tr>
        <td width="52" ></td>

        <td width="56" ></td>

        <td width="53" ></td>

        <td width="153" ></td>

        <td width="156" ></td>

        <td width="214" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>_________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><sup>1&nbsp;</sup></font><font size=1>
  Based upon 389,302,689 Class B Common Shares outstanding as of June 27, 2006,
  as reported in the Issuer&#146;s Form 20-F report. </font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="685" style='margin-left:0in;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td  colspan="4" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'><b><font size=2>CUSIP No.   893870204</font></b></p> </td>
        <td width="156" valign=top style='border-left:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.7pt'><font size=1>&nbsp;</font></p> </td>
        <td width="214" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-left:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>1</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;   padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>D. E. Shaw Laminar Portfolios, L.L.C.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>FEIN 01-0577802</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>2</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>CHECK
          THE APPROPRIATE BOX IF A MEMBER OF A GROUP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
        <p style='margin-left:0pt;text-indent: 390.75pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>(b)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>3</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; background:#F2F2F2; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font SIZE=2>SEC USE ONLY</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>4</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>SOURCE OF FUNDS (See Instructions)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>WC </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>5</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>CHECK
          IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>or
          2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>6</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>Delaware</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="2" rowspan=4 valign=top style='border-top: solid black 1.0pt;border-left:solid black 1.0pt;border-bottom:none; border-right:none;padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font SIZE=2>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></p> </td>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>7</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>8</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>9</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>10</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>11</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>66,021,641</font><font size=2><sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>12</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.5pt;margin-bottom:12pt'><font size=2>CHECK
          IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN</font><br>
          <font size=2>SHARES (SEE INSTRUCTIONS)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>13</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>17.0%</font><font size=2><sup>2</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>14</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>OO</font></p> </td> </tr>
    <tr>
        <td width="52" ></td>

        <td width="56" ></td>

        <td width="53" ></td>

        <td width="153" ></td>

        <td width="156" ></td>

        <td width="214" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>_________________________</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2><sup>1&nbsp;</sup>
  </font><font size=1>The number of shares beneficially owned includes 19,111,500
  Class B Common Shares represented by 3,822,300 ADR shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><sup>2&nbsp;</sup></font><font size=1>
  Based upon 389,302,689 Class B Common Shares outstanding as of June 27, 2006,
  as reported in the Issuer&#146;s Form 20-F report. </font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="685" style='margin-left:0in;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td  colspan="4" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'><b><font size=2>CUSIP No.   893870204</font></b></p> </td>
        <td width="156" valign=top style='border-left:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.7pt'><font size=1>&nbsp;</font></p> </td>
        <td width="214" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-left:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>1</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;   padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>D. E. Shaw &amp; Co., L.P.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>FEIN 13-3695715</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>2</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>CHECK
          THE APPROPRIATE BOX IF A MEMBER OF A GROUP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
        <p style='margin-left:0pt;text-indent: 390.75pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>(b)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>3</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; background:#F2F2F2; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font SIZE=2>SEC USE ONLY</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>4</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>SOURCE OF FUNDS (See Instructions)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>AF</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>5</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>CHECK
          IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>or
          2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>6</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>Delaware</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="2" rowspan=4 valign=top style='border-top: solid black 1.0pt;border-left:solid black 1.0pt;border-bottom:none; border-right:none;padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font SIZE=2>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>7</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>8</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>9</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>10</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>11</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>66,021,641</font><font size=2><sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>12</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.5pt;margin-bottom:12pt'><font size=2>CHECK
          IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN</font><br>
          <font size=2>SHARES (SEE INSTRUCTIONS)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>13</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>17.0%</font><font size=2><sup>2</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>14</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>IA, PN</font></p> </td> </tr>
    <tr>
        <td width="52" ></td>

        <td width="56" ></td>

        <td width="53" ></td>

        <td width="153" ></td>

        <td width="156" ></td>

        <td width="214" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>_________________________</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2><sup>1&nbsp;</sup></font><font size=1>The
  number of shares beneficially owned includes 19,111,500 Class B Common Shares
  represented by 3,822,300 ADR shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><sup>2&nbsp;</sup></font><font size=1>
  Based upon 389,302,689 Class B Common Shares outstanding as of June 27, 2006,
  as reported in the Issuer&#146;s Form 20-F report.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="685" style='margin-left:0in;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td  colspan="4" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'><b><font size=2>CUSIP No.   893870204</font></b></p> </td>
        <td width="156" valign=top style='border-left:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.7pt'><font size=1>&nbsp;</font></p> </td>
        <td width="214" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-left:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>1</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;   padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>D. E. Shaw &amp; Co., L.L.C.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>FEIN 13-3799946</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>2</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>CHECK
          THE APPROPRIATE BOX IF A MEMBER OF A GROUP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
        <p style='margin-left:0pt;text-indent: 390.75pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>(b)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>3</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; background:#F2F2F2; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font SIZE=2>SEC USE ONLY</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>4</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>SOURCE OF FUNDS (See Instructions)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>AF</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>5</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>CHECK
          IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>or
          2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>6</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>Delaware</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="2" rowspan=4 valign=top style='border-top: solid black 1.0pt;border-left:solid black 1.0pt;border-bottom:none; border-right:none;padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font SIZE=2>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>7</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>8</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>9</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>10</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>11</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>66,021,641</font><font size=2><sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>12</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.5pt;margin-bottom:12pt'><font size=2>CHECK
          IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN</font><br>
          <font size=2>SHARES (SEE INSTRUCTIONS)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>13</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>17.0%</font><font size=2><sup>2</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>14</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>OO</font></p> </td> </tr>
    <tr>
        <td width="52" ></td>

        <td width="56" ></td>

        <td width="53" ></td>

        <td width="153" ></td>

        <td width="156" ></td>

        <td width="214" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>_________________________</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2><sup>1&nbsp;</sup></font><font size=1>The
  number of shares beneficially owned includes 19,111,500 Class B Common Shares
  represented by 3,822,300 ADR shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2><sup>2&nbsp;</sup></font><font size=1>
  Based upon 389,302,689 Class B Common Shares outstanding as of June 27, 2006, as reported
  in the Issuer&#146;s Form 20-F report. </font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="685" style='margin-left:0in;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td  colspan="4" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'><b><font size=2>CUSIP No.   893870204</font></b></p> </td>
        <td width="156" valign=top style='border-left:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.7pt'><font size=1>&nbsp;</font></p> </td>
        <td width="214" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>

        <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.5pt;margin-bottom: 2.7pt'>&nbsp;</p>
      </td> </tr>
    <tr >
        <td width="52" valign=top style='border-left:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>1</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;   padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 0in'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>David E. Shaw</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>2</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>CHECK
          THE APPROPRIATE BOX IF A MEMBER OF A GROUP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
        <p style='margin-left:0pt;text-indent: 390.75pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>(b)&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>3</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; background:#F2F2F2; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font SIZE=2>SEC USE ONLY</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>4</font></b></p> </td>
        <td  colspan="5" valign=top style='border-top:none; border-left:solid black 1.0pt;border-bottom:none;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>SOURCE OF FUNDS (See Instructions)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>AF</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>5</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>CHECK
          IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)</font>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom:12pt'><font size=2>or
          2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </font><font face=Wingdings>o</font></p>
      </td>
    </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>6</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font size=2>United States</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="2" rowspan=4 valign=top style='border-top: solid black 1.0pt;border-left:solid black 1.0pt;border-bottom:none; border-right:none;padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:12pt'><font SIZE=2>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>7</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>8</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>9</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt'><font size=2>-0-</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="53" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>10</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font size=2>66,021,641<sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>11</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0.5pt'><font size=2>66,021,641</font><font size=2><sup>1</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>12</font></b></p> </td>

      <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.5pt;margin-bottom:12pt'><font size=2>CHECK
          IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN</font><br>
          <font size=2>SHARES (SEE INSTRUCTIONS)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face=Wingdings>o</font></p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border-top:solid black 1.0pt; border-left:solid black 1.0pt;border-bottom:none;border-right:none;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>13</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; border-bottom:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt;line-height:162%'><font size=2>17.0%</font><font size=2><sup>2</sup></font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="52" valign=top style='border:solid black 1.0pt; border-right:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.8pt;margin-bottom:6.0pt'><b><font size=2>14</font></b></p> </td>
        <td  colspan="5" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.8pt;margin-bottom: 6.0pt'><font SIZE=2>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><font SIZE=2>IN</font></p> </td> </tr>
    <tr>
        <td width="52" ></td>

        <td width="56" ></td>

        <td width="53" ></td>

        <td width="153" ></td>

        <td width="156" ></td>

        <td width="214" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>_________________________</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><font size=2><sup>1&nbsp;
  </sup></font><font size=1>The number of shares beneficially owned includes 19,111,500
  Class B Common Shares represented by 3,822,300 ADR shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2><sup>2&nbsp;</sup></font><font size=1>
  Based upon 389,302,689 Class B Common Shares outstanding as of June 27, 2006,
  as reported in the Issuer&#146;s Form 20-F report. </font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 1.</font></b><font size=2>&nbsp;</font><b><font size=2>Security and the Issuer</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>This statement on Schedule 13D relates to the Class B Common Shares (the &#147;Common Shares&#148;) of Transportadora de Gas del Sur, S.A., an Argentine company (the &#147;Issuer&#148;).  The principal executive offices of the Issuer are located at Don Bosco 3672, 5<sup>th</sup> Floor, 1206 Capital Federal, Argentina.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 2.</font></b><font size=2>&nbsp;</font><b><font size=2>Identity and Background</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(a), (f) This statement is filed on behalf of D. E. Shaw Laminar Emerging Markets, L.L.C., a Delaware limited liability company (&#147;Laminar EM&#148;), D. E. Shaw Laminar Portfolios, L.L.C., a Delaware limited liability company (&#147;Laminar&#148;), D. E. Shaw &amp; Co., L.P., a Delaware limited partnership (&#147;DESCO LP&#148;), D. E. Shaw &amp; Co., L.L.C., a Delaware limited liability company (&#147;DESCO LLC&#148;), and David E. Shaw, a citizen of the United States of America (David E. Shaw, together with Laminar, DESCO LP, and DESCO LLC, collectively, the &#147;Reporting Persons&#148;).  The Reporting Persons are filing jointly and the agreement among the Reporting Persons to file jointly is attached hereto as Exhibit 3 and incorporated herein by reference.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(b) The business address and principal office, as applicable, of all Reporting Persons is 120 West Forty-Fifth Street, 39th Floor, Tower 45, New York, NY 10036. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(c) The principal business of Laminar EM is that of a limited liability company focusing primarily on investments in emerging markets.  The principal business of Laminar is that of a limited liability company focusing primarily on credit opportunity-related investment strategies.  Laminar EM is a wholly owned subsidiary of Laminar and neither of them has any executive officers or directors.  The principal business of DESCO LP is to act as an investment adviser to certain funds, including, without limitation, Laminar.  The principal business of DESCO LLC is to act as managing member to certain funds, including, without limitation, Laminar.  D. E. Shaw &amp; Co., Inc., a Delaware corporation (&#147;DESCO Inc.&#148;), is the general partner of DESCO LP.  D. E. Shaw &amp; Co. II, Inc., a Delaware corporation (&#147;DESCO II, Inc.&#148;), is the managing member of DESCO LLC.  David E. Shaw is the president and sole
shareholder of DESCO Inc. and DESCO II, Inc.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(d), (e) During the last five years, neither any Reporting Person nor, to the best knowledge of any Reporting Person, any person named in Item 2, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 3.</font></b><font size=2>&nbsp;&nbsp;</font><b><font size=2>Source and Amount of Funds or Other Consideration</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On January 18, 2006, Laminar EM acquired, in a privately negotiated transaction, an aggregate of 120,793,404 Common Shares of the Issuer for $114,614,540.50 of Laminar EM&#146;s working capital.  Appropriate regulatory filings were made in Argentina.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On February 14, 2007 and February 15, 2007, Laminar acquired, in open market purchases, an aggregate of 1,100 ADR shares of the Issuer, equivalent to 5,500 Common Shares, for $7,411.00 of Laminar&#146;s working capital (excluding commissions).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 4. </font></b><font size=2>&nbsp;</font><b><font size=2>Purpose of Transaction</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Laminar EM and Laminar made the purchases noted in Item 3 above for investment purposes.  Laminar EM and Laminar  made such purchases in the ordinary course of business and not with the purpose nor with the effect of changing or influencing the control of the Issuer, nor in connection with or as participants in any transaction having such purpose or effect.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Laminar EM and Laminar will review their investments in the Common Shares from time to time and depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Common Shares or other securities related to the Issuer, and other general market and investment conditions, Laminar and Laminar EM may determine to:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="624" style='border-collapse:collapse'>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0in'><font size=2>-  </font></p> </td>
        <td width="528" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>acquire additional Common Shares; or </font></p> </td> </tr>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0in'><font size=2>-  </font></p> </td>
        <td width="528" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>sell, trade, engage in short selling of, hedge, or enter into any similar transactions with respect to the Common Shares through the open market or otherwise.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>There can be no assurance, however, that any Reporting Person will take any such actions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 5.</font></b><font size=2>&nbsp;</font><b><font size=2>Interest in Securities of the Issuer</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(a), (b) Based upon the Issuer&#146;s Form 20-F, filed with the Securities and Exchange Commission on June 27, 2006, there were 389,302,689 Common Shares issued and outstanding as of June 27, 2006.  The 47,123,401 Common Shares held by Laminar EM (&#147;Laminar EM Shares&#148;) as of the date hereof represent approximately 12.1% of the outstanding Common Shares.  The 66,021,641 Common Shares beneficially owned  by Laminar (the &#147;Laminar Shares&#148;) as of the date hereof represent approximately 17.0% of the outstanding Common Shares, including, for the purpose of this calculation, 18,898,240 Common Shares represented by ADR shares and the Laminar EM Shares.  Laminar EM has the power to vote or to direct the vote of ( and the power to dispose or direct the disposition of) the Laminar EM Shares, and Laminar has the power to vote or to direct the vote of (and the power to dispose or direct the disposition
of) the Laminar Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>DESCO
  LP, as Laminar&#146;s investment adviser, and DESCO LLC, as Laminar&#146;s managing
  member, may be deemed to have the shared power to vote or direct the vote of
  (and the shared </font><font size=2>power to dispose or direct the disposition
  of) the Laminar Shares. As managing member of DESCO LLC, DESCO II, Inc. may
  be deemed to have the shared power to vote or to direct the vote of (and the
  shared power to dispose or direct the disposition of) the Laminar Shares. As
  general partner of DESCO LP, DESCO, Inc. may be deemed to have the shared power
  to vote or to direct the vote of (and the shared power to dispose or direct
  the disposition of) the Laminar Shares. None of DESCO LP, DESCO LLC, DESCO,
  Inc., or DESCO II, Inc., owns any Common Shares directly, and each such entity
  disclaims beneficial ownership of the Laminar Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>David E. Shaw does not own any Common Shares directly. By virtue of David E. Shaw&#146;s position as president and sole shareholder of DESCO, Inc., which is the general partner of DESCO LP, and by virtue of David E. Shaw&#146;s position as president and sole shareholder of DESCO II, Inc., which is the managing member of DESCO LLC, David E. Shaw may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Laminar Shares and, therefore, David E. Shaw may be deemed to be the indirect beneficial owner of the Laminar Shares. David E. Shaw disclaims beneficial ownership of the Laminar Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>As of the date hereof, neither any Reporting Person nor, to the best knowledge of any Reporting Person, any of the persons set forth in Item 2 owns any shares of Common Stock other than the Laminar Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>(c) On January 18, 2006, Laminar EM acquired, in a privately negotiated transaction, an aggregate of 120,793,404 Common Shares at $0.95 per share.  As the result of that acquisition the Reporting Persons beneficially owned 31% of the outstanding shares of the Issuer as of January 18, 2006.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>On July 19, 2006, July 21, 2006, and July 25, 2006, Laminar EM sold, in privately negotiated transactions, 4,000,000, 10,000,000 and 5,000,000 Common Shares at $1.01, $1.01 and $1.01 per share, respectively.  As the result of that disposition the Reporting Persons beneficially owned 26% of the outstanding shares of the Issuer as of July 25, 2006.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>On December 19, 2006, Laminar EM exchanged, in a privately negotiated transaction, an aggregate of 34,670,003 Common Shares for shares in another company.  No funds were exchanged in connection with this transaction.  As the result of that exchange the Reporting Persons beneficially owned 17% of the outstanding shares of the Issuer as of December 19, 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On January 12, 2007, Laminar EM converted 20,000,000 Common Shares into 4,000,000 ADR shares of TGS and transferred such ADR shares to Laminar.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On December 21, 2006, February 13-16, 2007 and February 20-21, 2007, Laminar sold Common Shares in broker transactions in the New York Stock Exchange, the Nasdaq Stock Market and Cincinnati (INET) as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><u><font size=2>Date</font></u><u></u></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><u><font size=2>Number of Shares</font></u><u></u></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><u><font size=2>Price per Share<sup>3</sup></font></u></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>12/21/06</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>40,100</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.68</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/13/07</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>75,000</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.80</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/14/07</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>25,800</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.78</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/15/07</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>23,100</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.74</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/16/07</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/20/07</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2/21/07</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>14,800</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>40,600</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>2,052</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.78</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.76</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:12pt'><font size=2>$6.75</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><sup>3</sup>  Price shown is the weighted average price.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On February 14, 2007, Laminar acquired in broker transactions in the New York Stock Exchange 1,000 ADR shares at a weighted average price of $6.74 per share.  On February 15, 2007, the Reporting Persons acquired in a broker transaction in the New York Stock Exchange 100 ADR shares at $6.73 per share.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Clause (e) of Item 5 of Schedule 13D is not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:-1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Other than as described in this Item 6 and in the documents incorporated by reference herein and set forth as exhibits hereto, there are no contracts, arrangements or understandings or relationships (legal or otherwise) among the Reporting Persons named in Item 2 and between such persons and any other persons with respect to any securities of the Issuer.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On January 18, 2006, Laminar EM entered into a share purchase agreement pursuant to which it acquired 120,793,404 of the Common Shares of the Issuer as discussed above in Item 5.  A copy of such agreement is attached hereto as Exhibit 4 and is incorporated herein by reference.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On March 28, 2006, Laminar EM entered into a call option agreement, which expired on July 27, 2006, with J.P. Morgan Securities Ltd. (&#147;JP Morgan&#148;) giving JP Morgan the right to acquire 50% of the 120,793,404 Common Shares of the Issuer that Laminar EM had acquired on January 18, 2006.  On each of July 19, 2006, July 21, 2006, and July 25, 2006, JP Morgan exercised the option, acquiring in the aggregate 19,000,000 Common Shares, some, but not all, of the total number of Common Shares underlying the option.  A copy of such agreement is attached hereto as Exhibit 5 and is incorporated herein by reference. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>On December 19, 2006, Laminar EM entered into an agreement to exchange an aggregate of 34,670,003 Common Shares for shares in another company.  A copy of such agreement is attached hereto as Exhibit 6 and is incorporated herein by reference. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 7.</font></b><font size=2>&nbsp;</font><b><font size=2>Material to be filed as Exhibits</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="128" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 1</font></p> </td>
        <td  valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit1.htm#ex1">Power
          of Attorney, granted by David E. Shaw relating to D. E. Shaw &amp; Co.,
          Inc., in favor of the signatories hereto, among others, dated February
          24, 2004.</a></font></p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="128" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 2</font></p> </td>
        <td  valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit2.htm#ex2">Power
          of Attorney, granted by David E. Shaw relating to D. E. Shaw &amp; Co.
          II, Inc., in favor of the signatories hereto, among others, dated February
          24, 2004.</a></font></p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="128" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 3</font></p> </td>
        <td  valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit3.htm#ex3">Joint
          Filing Agreement, by and among the Reporting Persons, dated February
          27, 2007.</a></font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

      <td width="129" valign=top style='padding:0in 0in 12.0pt 0in'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 4</font></p> </td>

      <td  valign=top style='padding:0in 0in 12.0pt 0in' width="874">
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit4.htm#ex4">Share
          Purchase Agreement, dated as of January 18, 2006, by and among D. E.
          Shaw Laminar Emerging Markets, L.L.C., as Purchaser, and Enron Pipeline
          Company Argentina S.A., Enron Argentina Ciesa Holdings S.A., and Enron
          de Inversiones de Energia S.C.A., as Sellers</a></font></p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.33in; text-indent:-1.33in;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="128" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 5</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit5.htm#ex5">Call
          Option Agreement, dates as of March 28, 2006, by and between J.P. Morgan
          Securities Ltd., as Purchaser, and D. E. Shaw Laminar Emerging Markets,
          L.L.C., as Seller</a></font></p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="128" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>Exhibit 6</font></p> </td>
        <td  valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2><a href="exhibit6.htm#ex6">Stock
          Exchange Agreement dated as of December 19, 2006, by and between Fintech
          Energy LLC and D. E. Shaw Laminar Emerging Markets, L.L.C.</a></font></p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.33in; text-indent:-1.33in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:center;'>
<B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>After reasonable inquiry and to the best of each of the undersigned&#146;s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.  Powers of Attorney, dated February 24, 2004, granted by David E. Shaw in favor of Anne Dinning, Julius Gaudio, Lou Salkind, Stuart Steckler and Eric Wepsic are attached hereto as Exhibit 1 and Exhibit 2 and incorporated herein by reference.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>Dated:  February 27, 2007</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="966" style='margin-left:173.4pt;border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'><font SIZE=2>D. E. SHAW LAMINAR EMERGING MARKETS, L.L.C.</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>By:  D. E. SHAW LAMINAR PORTFOLIOS, L.L.C.</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>By:
          D. E. SHAW &amp; CO., L.L.C., as Managing Member</font></p>
        <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:45.0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>By:</font><u><font size=2> ___/s/ Julius Gaudio_____________</font></u><br> <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Julius Gaudio</font><br> <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'><font SIZE=2>D.
          E. SHAW LAMINAR PORTFOLIOS, L.L.C.</font></p>
        </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>By:
          D. E. SHAW &amp; CO., L.L.C., as Managing Member</font></p>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'>&nbsp;</p>
<p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>By:
          ___</font><u><font size=2>/s/ Julius Gaudio</font></u><font size=2>_____________</font><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Julius
          Gaudio</font><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing
          Director</font></p>
        <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>D.
          E. SHAW &amp; Co., L.P.</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>By:
          </font><u><font size=2>______/s/ Julius Gaudio_____________</font></u><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
          Julius Gaudio</font><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:
          Managing Director</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>D.
          E. SHAW &amp; Co., L.L.C.</font></p>
        <p style='margin-left:0pt;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=2>By:
          </font><u><font size=2>_ ___/s/ Julius Gaudio_____________</font></u><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
          Julius Gaudio</font><br>
          <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:
          Managing Director</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'><font SIZE=2>DAVID
          E. SHAW</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'>&nbsp;</p>
      </td> </tr>
    <tr style='page-break-inside:avoid'>

      <td width="966" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>By:  </font><u><font size=2>_ ___/s/ Julius Gaudio_____________</font></u><br> <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Julius Gaudio</font><br> <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Attorney-in-Fact for David E. Shaw </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Untitled Document</TITLE>

<META content="MSHTML 6.00.2900.3020" name=GENERATOR></HEAD>
<BODY text=#000000 bgColor=#ffffff>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><U><B><FONT
size=2><a name="ex1"></a>Exhibit 1</FONT></B></U></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
size=2>POWER OF ATTORNEY</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
size=2>FOR CERTAIN FILINGS</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
size=2>UNDER THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT size=2>I,
David E. Shaw, hereby make, constitute and appoint each of:</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2>Anne Dinning,</FONT></P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2>Julius Gaudio,</FONT></P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2>Lou Salkind,</FONT></P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2>Stuart Steckler, and</FONT></P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P
style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: left"><FONT
size=2>Eric Wepsic,</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>acting individually, as my agent and attorney-in-fact, with full power of
substitution, for the purpose of, from time to time, executing in my name and/or
my capacity as President of D. E. Shaw &amp; Co., Inc. (acting for itself or as
the general partner of D. E. Shaw &amp; Co., L. P. and general partner or
managing member of other entities, any which in turn may be acting for itself or
other entities) all documents, certificates, instruments, statement, other
filings, and amendments to the forgoing (collectively, "documents") determined
by such person to be necessary or appropriate to comply with ownership or
control-person reporting requirements imposed by any United States or non-United
States governmental or regulatory authority, including without limitation Forms
3, 4, 5, 13D, 13F, and 13G required to be filed with the Securities and Exchange
Commission; and delivering, furnishing or filing any such documents with the
appropriate governmental or regulatory authority. Any such determination shall
be conclusively evidenced by such person's execution, delivery, furnishing,
and/or filing of the applicable document.</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>This power of attorney shall be valid from the date hereof and replaces
the power granted on February 5, 2001, which is hereby cancelled.</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT size=2>IN
WITNESS HEREOF, I have executed this instrument as of the date set forth
below.</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>Date: February 24, 2004</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>DAVID E. SHAW, as President of </FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT size=2>D.
E. Shaw &amp; Co., Inc. </FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>/s/David E. Shaw</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
size=2>New York, New York</FONT></P></BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<html>
<head>
<title>Untitled Document</title>

</head>

<body bgcolor="#FFFFFF" text="#000000">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=2><a name="ex2"></a>Exhibit
  2 </font></b></u></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2in; text-indent:-2in;text-align:center;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>POWER
  OF ATTORNEY</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>FOR
  CERTAIN FILINGS</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>UNDER
  THE SECURITIES EXCHANGE ACT OF 1934</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>I,
  David E. Shaw, hereby make, constitute and appoint each of:</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>Anne
  Dinning,</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>Julius
  Gaudio,</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>Lou
  Salkind,</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>Stuart
  Steckler, and</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>Eric
  Wepsic,</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>acting
  individually, as my agent and attorney-in-fact, with full power of substitution,
  for the purpose of, from time to time, executing in my name and/or my capacity
  as President of </font><font size=2>D. E. Shaw &amp; Co. II, Inc. (acting for
  itself and as the managing member of D. E. Shaw &amp; Co., L.L.C., which in
  turn may be acting for itself or as the managing member of other companies)
  all documents, certificates, instruments, statement, other filings and amendments
  to the forgoing (collectively, &#147;documents&#148;) determined by such person
  to be necessary or appropriate to comply with ownership or control-person reporting
  requirements imposed by any United States or non-United States governmental
  or regulatory authority, including without limitation Forms 3, 4, 5, 13D, 13F
  and 13G required to be filed with the Securities and Exchange Commission; and
  delivering, furnishing or filing any such documents with the appropriate governmental
  or regulatory authority. Any such determination shall be conclusively evidenced
  by such person&#146;s execution and delivery, furnishing or filing of the applicable
  document.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>This
  power of attorney shall be valid from the date hereof and replaces the power
  granted on February 5, 2001, which is hereby cancelled.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>IN
  WITNESS HEREOF, I have executed this instrument as of the date set forth below.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Date:
  February 24, 2004</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>DAVID
  E. SHAW, as President of </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>D.
  E. Shaw &amp; Co. II, Inc. </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>/s/David
  E. Shaw</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>New
  York, New York</font></p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
<html>
<head>
<title>Untitled Document</title>

</head>

<body bgcolor="#FFFFFF" text="#000000">
<p style='page-break-before:always'><a name="ex3"></a></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'> <u><b><font size=2>Exhibit
  3</font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>JOINT
  FILING AGREEMENT</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>In
  accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
  as amended, each of the undersigned Reporting Persons hereby agrees to the joint
  filing, along with all other such Reporting Persons, on behalf of each of them
  of a statement on Schedule 13D (including amendments thereto) with respect to
  Class B Common Shares of Transportadora de Gas del Sur S.A., and that this Agreement
  be included as an Exhibit to such joint filing. This Agreement may be executed
  in any number of counterparts, all of which taken together shall constitute
  one and the same instrument.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>IN
  WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of
  this 27th day of February, 2007.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<div align=left>
  <table border="0" cellspacing=0 cellpadding=0 width="975" style='margin-left:264.0pt;border-collapse:collapse'>
    <tr >
      <td width="158" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="323" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>D.
          E. Shaw Laminar Emerging Markets, L.L.C.</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          D. E. Shaw Laminar Portfolios, L.L.C., as</font></p>
        <p style='margin-left:0pt;text-indent:23.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>managing
          member</font></p>
        <p style='margin-left:0pt;text-indent:23.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          D. E. Shaw &amp; Co., L.L.C., as managing</font></p>
        <p style='margin-left:0pt;text-indent:45.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>member</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p
style='margin-left:0pt;text-indent:45.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          </font><u><font size=2> /s/ Julius Gaudio</font></u></p>
        <p style='margin-left:0pt;text-indent:64.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Julius
          Gaudio</font></p>
        <p style='margin-left:0pt;text-indent:64.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Managing
          Director</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="494" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="158" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="323" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>D.
          E. Shaw Laminar Portfolios, L.L.C.</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          D. E. Shaw &amp; Co., L.L.C., as</font></p>
        <p style='margin-left:0pt;text-indent:23.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>managing
          member</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:23.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          </font><u><font size=2>/s/ Julius Gaudio</font></u></p>
        <p style='margin-left:0pt;text-indent:39.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Julius
          Gaudio</font></p>
        <p
style='margin-left:0pt;text-indent:39.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Managing
          Director</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="494" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="158" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="323" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>D.
          E. Shaw &amp; Co., L.L.C.</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          </font><u><font size=2>/s/ Julius Gaudio</font></u></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Julius
          Gaudio</font></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Managing
          Director </font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
        <p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>D.
          E. Shaw &amp; Co., L.P.</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          </font><u><font size=2>/s/ Julius Gaudio</font></u></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Julius
          Gaudio </font></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Managing
          Director </font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="494" valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<div align=left>
  <table border="0" cellspacing=0 cellpadding=0 width="964" style='margin-left:264.0pt;border-collapse:collapse'>
    <tr style=' height:75.15pt'>
      <td width="159" valign=top style='height: 75.15pt'>
        <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="322" valign=top style=' height:75.15pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>David
          E. Shaw</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:
          </font><u><font size=2>/s/ Julius Gaudio</font></u></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Julius
          Gaudio</font></p>
        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Attorney-in-Fact
          for David E. Shaw</font></p>
      </td>
      <td width="483" valign=top style='height: 75.15pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>5
<FILENAME>exhibit4.htm
<DESCRIPTION>SHARE PURCHASE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>




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        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2><a name="ex4"></a>EXECUTION
          COPY</font></B></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
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      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>SHARE
          PURCHASE AGREEMENT </font></B><br>
          <br>
          <b><font size=2>dated as of January 18, 2006</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>by
          and among</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>D.
          E. Shaw Laminar Emerging Markets, L.L.C., as Purchaser,</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>and</font></b>
          <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          Pipeline Company Argentina S.A.</font></b></p>
        <p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          Argentina Ciesa Holdings S.A., and</font></b></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          de Inversiones de Energia S.C.A.,</font></b></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>as
          Sellers</font></b></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>________________________________________________</font></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
    <tr >
      <td width="65%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:center;'><b></b><U><B></B></U></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:5.76in; text-indent:-0.07in;text-align:right;'>&nbsp;</p>
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<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:5.76in;text-align:right;'>&nbsp;</p>

<div align=left> </div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >
        <div align="center"><u><b><font size=2>TABLE OF CONTENTS</font></b></u></div>
      </td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >
        <div align="center"><font size=2>ARTICLE I SALE OF SHARES AND CLOSING</font></div>
      </td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >&nbsp;</td>
      <td width="540" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top ><font size=2>1.1</font></td>
      <td width="540" nowrap valign=top ><font size=2>Purchase and Sale</font></td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.2</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing</font></p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="44" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.3</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Signing
          and Closing Deliverables</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="44" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.4</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Purchase
          Price</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="44" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.5</font></p>
      </td>
      <td width="544" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Further
          Assurances</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:1.31in;text-align:center;'>&nbsp;</p>


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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>&nbsp;</td>
      <td width="541" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE II REPRESENTATIONS AND WARRANTIES
          OF SELLERS</font></div>
      </td>
      <td width="27" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="541" nowrap valign=top >&nbsp;</td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top ><font size=2>2.1</font></td>
      <td width="541" nowrap valign=top ><font size=2>Organization: Qualification;
        Power and Authority; Title</font></td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.2</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Execution
          and Delivery</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.3</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>No
          Conflicts</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.4</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>TGS
          Matters</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.5</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Legal
          Proceedings</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.6</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Brokers</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.7</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Foreign
          Exchange Control Regulations and Registrations</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.8</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Solvency</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>2.9</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Consideration</font></p>
      </td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:1.19in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.05pt 0in 0in 0in; '>&nbsp;</td>
      <td width="541" nowrap valign=top style='padding:11.05pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE III REPRESENTATIONS AND WARRANTIES
          OF PURCHASER</font></div>
      </td>
      <td width="27" nowrap valign=top style='padding:11.05pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="541" nowrap valign=top >&nbsp;</td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top ><font size=2>3.1</font></td>
      <td width="541" nowrap valign=top ><font size=2>Organization,. Qualification,
        Power and Authority</font></td>
      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.2</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Execution
          and Delivery</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.3</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No
          Conflicts</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.4</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal
          Proceedings</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.5</font></p>
      </td>
      <td width="541" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Financial
          Capability</font></p>
      </td>
      <td width="27" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.6</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fair
          Purchase Price</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.7</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Brokers</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.8</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Consideration</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.9</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Accredited
          Investor</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.10</font></p>
      </td>
      <td width="541" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Own
          Account</font></p>
      </td>
      <td width="27" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.11</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Aggregate
          Principal Amount</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.12</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Financial
          Knowledge and Experience</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.13</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Investment
          Purposes</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.14</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Information
          on Shares</font></p>
      </td>
      <td width="27" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:2.22in;text-align:center;'>&nbsp;</p>


<div align=left> </div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="533" nowrap valign=top >
        <div align="center"><font size=2>ARTICLE IV COVENANTS OF SELLERS</font></div>
      </td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="533" nowrap valign=top >&nbsp;</td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top ><font size=2>4.1</font></td>
      <td width="533" nowrap valign=top ><font size=2>Regulatory and Other Approvals</font></td>
      <td width="29" nowrap valign=top ><font size=2>&nbsp;</font></td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>4.2</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>No
          Solicitations</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>4.3</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>Litigation
          Support</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>4.4</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>Fulfillment
          of Conditions</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>
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<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.1in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE V COVENANTS OF PURCHASER</font></div>
      </td>
      <td width="32" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="541" nowrap valign=top >&nbsp;</td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top ><font size=2>5.1</font></td>
      <td width="541" nowrap valign=top ><font size=2>Regulatory and Other Approvals</font></td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>5.2</font></p>
      </td>
      <td width="541" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>Fulfillment
          of Conditions</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>5.3</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'><font size=2>Unregistered
          Shares</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:112.32%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:10.55pt; margin-left:1.47in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE VI CONDITIONS TO OBLIGATIONS
          OF PURCHASER</font></div>
      </td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.1</font></p>
      </td>
      <td width="533" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Representations
          and Warranties</font></p>
      </td>
    </tr>
  </table>
</div>



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  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.2</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Performance</font></p>
      </td>
    </tr>
  </table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.3</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Officer's Certificates</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



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    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.4</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Laws</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.5</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Governmental or Regulatory Consents and Approvals</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.6</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Consents</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.7</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Legal Opinions</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.8</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Execution of Agreements</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.9</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Transfer of Shares</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.10</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Listing of Shares</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >

      <td width="46" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>6.11</font></p> </td>

      <td width="554" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Guarantee Agreement</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:1.59in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE VII CONDITIONS TO OBLIGATIONS
          OF SELLERS</font></div>
      </td>
      <td width="29" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >&nbsp;</td>
      <td width="533" nowrap valign=top >&nbsp;</td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top ><font size=2>7.1</font></td>
      <td width="533" nowrap valign=top ><font size=2>Representations and Warranties</font></td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.2</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Performance</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.3</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Officer's
          Certificate</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.4</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Laws</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.5</font></p>
      </td>
      <td width="533" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governmental
          or Regulatory Consents and Approvals</font></p>
      </td>
      <td width="29" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:1.24in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE VIII SURVIVAL; NO OTHER REPRESENTATIONS
          or warranties</font></div>
      </td>
      <td width="29" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8.1</font></p>
      </td>
      <td width="533" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Survival
          of Representations and Warranties</font></p>
      </td>
      <td width="29" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8.2</font></p>
      </td>
      <td width="540" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No
          Other Representations or Warranties</font></p>
      </td>
      <td width="30" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:10.55pt; margin-left:2.45in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE EX INDEMNIFICATION</font></div>
      </td>
      <td width="29" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
    <tr >
      <td width="45" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>9.1</font></p>
      </td>
      <td width="533" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>Indemnification</font></p>
      </td>
      <td width="29" nowrap valign=top style='padding:11.75pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>9.2</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>Method of Asserting Claims</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="45" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>9.3</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>Exclusivity</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >

      <td width="46" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>9.4</font></p> </td>

      <td width="557" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>No Consequential or Punitive Damages</font></p> </td>

      <td width="28" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >

      <td width="46" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>9.5</font></p> </td>

      <td width="556" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'><font size=2>Currency</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:104.76%'>&nbsp;</p>
      </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:2.59in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="44" nowrap valign=top style='padding:.15in 0in 0in 0in; '>&nbsp;</td>
      <td width="532" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE X TERMINATION</font></div>
      </td>
      <td width="29" nowrap valign=top style='padding:.15in 0in 0in 0in; '>&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10.1</font></p>
      </td>
      <td width="532" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Termination</font></p>
      </td>
      <td width="29" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="44" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10.2</font></p>
      </td>
      <td width="533" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Effect
          of Termination</font></p>
      </td>
      <td width="32" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="44" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>&nbsp;</td>
      <td width="532" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE XI DEFINITIONS</font></div>
      </td>
      <td width="29" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11.01
          </font></p>
      </td>
      <td width="532" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Definitions</font></p>
      </td>
      <td width="29" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:2.47in;text-align:center;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
      <td width="44" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>&nbsp;</td>
      <td width="533" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <div align="center"><font size=2>ARTICLE XII MISCELLANEOUS</font></div>
      </td>
      <td width="32" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
    <tr >
      <td width="44" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.1</font></p>
      </td>
      <td width="533" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Notices</font></p>
      </td>
      <td width="32" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td>
    </tr>
  </table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="44" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.2</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Entire Agreement</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="44" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.3</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Expenses</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.4</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Public Announcements</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.5</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Waiver</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.6</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Amendment</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.7</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>No Third Party Beneficiary</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.8</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>No Assignment; Binding Effect</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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        <td width="44" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.9</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Enforcement of Agreement</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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    <tr >

      <td width="45" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.10</font></p> </td>

      <td width="551" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Headings</font></p> </td>
        <td width="35" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.11</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Governing Law; Consent to Jurisdiction</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.12</font></p> </td>
        <td width="533" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Invalid Provisions</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>12.13</font></p> </td>
        <td width="532" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Counterparts</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
</div>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'>&nbsp;</p>
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      <td width="16" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>&nbsp;</td>
      <td width="580" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>
        <div align="center"><u><b><font size=2>INDEX OF DEFINED TERMS</font></b></u></div>
      </td>
      <td width="29" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
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      <td width="16" nowrap valign=top style='padding:12.5pt 0in 0in 0in; ' height="22">&nbsp;</td>
      <td width="580" nowrap valign=top style='padding:12.5pt 0in 0in 0in; ' height="22">&nbsp;</td>
      <td width="29" nowrap valign=top style='padding:12.5pt 0in 0in 0in; ' height="22">&nbsp;</td>
    </tr>
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      <td width="16" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>&nbsp;</td>
      <td width="580" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>&nbsp;</td>
      <td width="29" nowrap valign=top style='padding:12.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr>
  </table>
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      <td width="16" nowrap valign=top >&nbsp;</td>
      <td width="580" nowrap valign=top ><font size=2>Acquisition Proposal</font></td>
      <td width="29" nowrap valign=top >&nbsp;</td>
    </tr>
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      <td width="16" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p>
      </td>
      <td width="580" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Actions
          or Proceedings</font></p>
      </td>
      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.95pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.95pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Affiliate</font></p> </td>
        <td width="29" nowrap valign=top style='padding:.95pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Agreement</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Assets and Properties</font></p> </td>
        <td width="29" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Business</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Business Day</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Business or Condition of TGS</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="592" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Caja</font></p> </td>

      <td width="23" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="591" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>CIESA/TGS Manager</font></p> </td>

      <td width="24" nowrap valign=top >&nbsp;</td>
    </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Claim Notice</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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        <td width="16" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing Date</font></p> </td>
        <td width="29" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="585" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CNDC</font></p> </td>

      <td width="30" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.7pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Contract</font></p> </td>

      <td width="31" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="589" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EACH</font></p> </td>

      <td width="26" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>&nbsp;</td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="589" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EDIDESCA</font></p> </td>

      <td width="26" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr></table>
</div>



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        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Energas</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enron</font></p> </td>

      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr></table>
</div>



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    <tr >
        <td width="16" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enron Bankruptcy Cases</font></p> </td>

      <td width="27" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>&nbsp;</td>
    </tr></table>
</div>



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    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enron Plan</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enron Supplied Information</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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    <tr >
        <td width="16" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.7pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="585" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EPCA</font></p> </td>
        <td width="27" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>GAAP</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.7pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governmental or Regulatory Authority</font></p> </td>
        <td width="29" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>ICSID</font></p> </td>
        <td width="32" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>ICSID Claims</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Impala</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indebtedness</font></p> </td>
        <td width="32" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnification Limit</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnified Party</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnifying Party</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Institutional Accredited Investor</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="586" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Knowledge of Sellers</font></p> </td>

      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.7pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="585" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Laws</font></p> </td>

      <td width="30" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="585" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Letter Agreement</font></p> </td>

      <td width="30" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Liabilities</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Licenses</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Liens</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="585" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Loss</font></p> </td>

      <td width="30" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="622" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Material Adverse Eff set</font></p> </td>

      <td width="22" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Option Agreement</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Order</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse; '>
    <tr >
        <td width="16" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.7pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Person</font></p> </td>
        <td width="29" nowrap valign=top style='padding:.7pt 0in 0in 0in; '>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>
        <td width="585" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ponderosa</font></p> </td>
        <td width="27" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="65%" style='border-collapse:collapse'>
    <tr >
        <td width="16" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:129.6%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ponderosa Guarantee</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
        <td width="579" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Publicly Available Information</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
        <td width="587" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Purchase Price</font></p> </td>

      <td width="27" nowrap valign=top >&nbsp;</td>
    </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Purchaser</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Purchaser Disclosure Schedule</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

      <td width="590" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Purchaser Documents</font></p> </td>

      <td width="25" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Purchaser Indemnified Group</font></p> </td>

      <td width="29" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.25pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Representatives</font></p> </td>

      <td width="30" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Securities Act</font></p> </td>
        <td width="29" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Seller Disclosure Schedule</font></p> </td>

      <td width="28" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

      <td width="589" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Seller Documents</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Seller Indemnified Group</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Seller's Pro Rata Share</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
        <td width="584" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Sellers</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
        <td width="585" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Shares</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Subsidiary</font></p> </td>

      <td width="31" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.5pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

      <td width="584" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Tax Return</font></p> </td>

      <td width="31" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Taxes</font></p> </td>

      <td width="31" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
      </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
        <td width="585" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font SIZE=2>TGS</font></p> </td>
        <td width="27" nowrap valign=top >

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>TGS Supplied Information</font></p> </td>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Threshold Amount</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font size=2>Transfer Taxes</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:132.3%'><font size=1>&nbsp;</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'><font SIZE=2>UNIREN</font></p> </td>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:110.16%'>&nbsp;</p>
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<p style=' margin-bottom:0pt; margin-top:15.85pt;text-align:left;'><u><b><font size=2><br>
  </font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:15.85pt;text-align:left;'><u><b><font size=2>
  Schedules<br>
  <br>
  </font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.48in;text-align:left;'>
<p><font size="2">Schedule A - Allocation of Proceeds </font></p>
<p><font size="2">Schedule B - ICSID Claims </font><br>
  <br>
  <!-- EEDocs PBStart-->
</p>
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->
<p><br>
</p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>This SHARE PURCHASE AGREEMENT dated as of January 18,2006 is made and entered into by and among D. E. Shaw Laminar Emerging Markets, L.L.C., a Delaware limited liability company </font><b><font size=2>(</font></b><u><b><font size=2>"Purchaser</font></b></u><b><font size=2>"), </font></b><font size=2>Enron Pipeline Company Argentina S.A., an Argentine corporation </font><i><font size=2>(sociedad anonima) </font></i><font size=2>("EPCA"), Enron Argentina Ciesa Holdings S.A., an Argentine corporation </font><i><font size=2>(sociedadanonima) </font></i><font size=2>(</font><u><font size=2>"EACH</font></u><font size=2>"). Enron de Inversiones de Energia S.C.A., an Argentine corporation </font><i><font size=2>{sociedad en comanditapor acciones) </font></i><b><font size=2>("EDIDESCA" </font></b><font size=2>together with EPCA and EACH, the </font><u><b><font
size=2>"Sellers</font></b></u><b><font size=2>"). </font></b><font size=2>Capitalized terms not otherwise defined herein have the meanings set forth in </font><u><font size=2>Section 11.01</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>WHEREAS, Sellers directly own 120,793,404 shares of Class B common stock, par value 1 Argentine Peso per share (the </font><u><b><font size=2>"Shares</font></b></u><b><font size=2>"), </font></b><font size=2>of Transportadora de Gas del Sur S.A., an Argentine corporation </font><i><font size=2>{sociedad anonima) </font></i><font size=2>("TGS"), representing 15.2% of the outstanding shares of capital stock of TGS, as set forth on Schedule A hereto;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>WHEREAS, all American Depositary Receipts of TGS representing any Shares will be converted into ordinary shares of Class B common stock prior to Closing;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>WHEREAS, immediately prior to Closing Sellers shall hold all Shares through the Global Deposit System of Caja de Valores S.A. </font><b><font size=2>("Caja") </font></b><font size=2>and shall transfer the Shares to Purchaser at Closing through the Global Deposit System of Caja; and</font></p>

<p style=' margin-bottom:0pt; margin-top:12.5pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>WHEREAS, Sellers desire to sell, and Purchaser desires to purchase, the Shares on the terms and subject to the conditions set forth in this Agreement;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.94in;text-align:center;'><font size=2>NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.94in;text-align:center;'><font SIZE=2>ARTICLE I SALE OF SHARES  AND CLOSING</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.97in;text-align:left;'><font size=2>1.1</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Purchase and Sale</font></u><font size=2>. Sellers agree to sell to Purchaser, and Purchaser agrees to purchase from Sellers, all of the rights, title and interest of Sellers in and to the Shares on the terms and subject to the conditions set forth in this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.97in;text-align:left;'><font size=2>1.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Closing</font></u><font size=2>. Unless this Agreement shall have been terminated and the transactions herein contemplated shall have been abandoned pursuant to </font><u><font size=2>Article X</font></u><font size=2>. and subject to the satisfaction or waiver of the conditions set forth in </font><u><font size=2>Articles VI</font></u><font size=2> and </font><U><font SIZE=2>VII</font></U><font size=2>. the Closing will take place at such place and time as Purchaser and Sellers mutually agree on the Closing Date.</font></p>


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    <tr >
        <td width="93" nowrap valign=top style='padding:10.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:10.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=top style='padding:10.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.3</font></p> </td>
        <td width="149" nowrap valign=top style='padding:10.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Closing Deliverables</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

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  <table border="0" cellspacing=0 cellpadding=0 width="738" style='border-collapse:collapse'>
    <tr >
      <td width="90" nowrap valign=top style='padding:.15in 0in 0in 0in; '>&nbsp;</td>
      <td width="42" nowrap valign=top style='padding:.15in 0in 0in 0in; '><font size=2>(a)</font></td>
      <td width="606" nowrap valign=top style='padding:.15in 0in 0in 0in; '><font size=2>At
        the Closing, Sellers shall deliver or cause to be delivered to Purchaser
        the following:</font></td>
    </tr>
    <tr >
      <td width="90" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.15in;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
      <td width="42" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(i)
          </font></p>
      </td>
      <td width="606" nowrap valign=top style='padding:.15in 0in 0in 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>the
          certificate contemplated by </font><u><font size=2>Section 6.03</font></u><font size=2>:</font></p>
      </td>
    </tr>
  </table>
</div>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.49in; text-indent:0.48in;text-align:left;'><font size=2>(ii)      certified copies of the relevant corporate resolutions of each Seller approving the transfer of Shares and the execution of this Agreement;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.49in; text-indent:0.48in;text-align:left;'><font size=2>(iii)     certified copies of the Sellers' transfer instructions to the depositary entity holding the Shares in the Global Deposit System of Caja directing the transfer of the Shares to the Purchaser's designated account in the Global Deposit System of Caja;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.49in; text-indent:0.47in;text-align:left;'><font size=2>(iv)     evidence reasonably satisfactory to Purchaser that 120,793,404 Shares have been deposited in the account designated by Purchaser at least two Business Days prior to Closing in the Global Deposit System of Caja;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.49in; text-indent:0.48in;text-align:left;'><font size=2>(v)      if any, evidence of all consents, waivers, approvals, Orders, Licenses, authorizations, declarations, filings, notifications and reports contemplated by </font><u><font size=2>Sections </font></u><font size=2>6.05 and 6.06;</font></p>


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    <tr >
        <td width="93" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="41" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(vi)  </font></p> </td>
        <td width="436" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>copies of the legal opinions described under </font><u><font size=2>Section 6.07</font></u><font size=2>; and</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.49in; text-indent:0.48in;text-align:left;'><font size=2>(vii)    all other documents required to be delivered by Sellers on or prior to the Closing Date pursuant to this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.02in; text-indent:0.95in;text-align:left;'><font size=2>(b)      At the Closing, Purchaser shall deliver or cause to be delivered to or for the account of Sellers the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:2.15pt; margin-left:0.97in;text-align:left;'><font size=2>(i)       the Purchase Price as provided in </font><u><font size=2>Section 1.04</font></u><font size=2>; (ii)      the certificate contemplated by </font><u><font size=2>Section 7.03</font></u><font size=2>; and</font></p>

<p style=' margin-bottom:0pt; margin-top:9.85pt; margin-left:0.49in; text-indent:0.48in;text-align:left;'><font size=2>(iii)     all other documents required to be delivered by Purchaser on or prior to the Closing Date pursuant to this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>1.04
  </font><u><font size=2>Purchase Price</font></u><font size=2>. At the Closing,
  Purchaser will pay to each Seller such Seller's Pro Rata Share, as set forth
  on Schedule A, of $114,600,000 in immediately available funds (the </font><u><font size=2>"Purchase
  Price"</font></u><font size=2>), to be wired to the accounts in New York, New
  York designated by Sellers at least two Business Days prior to the Closing.
  The Purchaser shall be entitled to deduct and withhold from the Purchase Price
  paid to Sellers any amounts it is required by Law to deduct and withhold with
  respect to the payment of the Purchase Price to Sellers, and any such amounts
  so deducted and withheld shall be treated for all purposes of this Agreement
  as having been paid to Sellers (it being understood that any withholding required
  or other Taxes payable in respect of the Purchaser, including, without limitation,
  any transfers of funds to Purchaser for purposes of allowing Purchaser to pay
  the Purchase Price, shall be for the Purchaser's account and shall not in any
  event be deducted and withheld from the Purchase Price); provided, however,
  that if Purchaser proposes to withhold or deduct any amount of Tax pursuant
  to this Section 1.04, and prior to any such withholding or deduction being made,
  the Purchaser shall, at least two (2) Business Days prior to Closing, deliver
  to the Sellers a reasonably detailed calculation of the Tax to be withheld,
  certified as correct by a law firm or accounting firm practicing in the jurisdiction(s)
  imposing such Tax, and if the total amount to be withheld from the amount of
  the Purchase Price to be paid to the Sellers is equal to or greater than $1,000,000,
  the parties agree to (i) negotiate in good faith to restructure the transaction,
  this Agreement and the related</font>
  <!-- EEDocs PBStart-->
  <!-- EEDocs PBEnd-->
  <font size=2>documentation in a manner that would reduce any applicable withholding
  Tax, and (ii) if, after such good faith negotiations, the parties are unable
  to reduce the amount of Taxes to be withheld to less than $1,000,000, the Purchaser
  shall elect, in its sole discretion, to either (a) pay one half of the amount
  of such Taxes, in which case the parties shall proceed to Closing, or (b) terminate
  this Agreement and abandon the transactions contemplated hereby. Purchaser shall
  have no responsibility for the calculation or determination of any Seller's
  Pro Rata Share, and shall be entitled to rely on Schedule A without further
  inquiry.</font></p>
<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.97in;text-align:left;'><font size=2>1.05    </font><u><font size=2>Further Assurances</font></u><font size=2>. At any time or from time to time after the Closing, each of the parties hereto shall, at the expense of the party making such request, execute and deliver such other documents and instruments, provide such materials and information and take such other actions as may reasonably be necessary, proper or advisable, to the extent permitted by Law, to fulfill its obligations under, and give effect to the transactions contemplated by, this Agreement, including causing the good, valid and marketable title in the Shares to vest in the name of Purchaser, and the related notices, filings or approvals. In particular, and without limiting the foregoing, each of the parties shall cooperate in obtaining definitive share certificates for the Shares that are subject of American Depositary Receipts.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:1.16in;text-align:center;'><font SIZE=2>ARTICLE II REPRESENTATIONS AND WARRANTIES OF SELLERS</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>Each Seller hereby represents and warrants to Purchaser as of the date hereof and the Closing Date as follows, </font><u><font size=2>provided</font></u><font size=2> that the disclosures set forth in any section of the Seller Disclosure Schedule shall be deemed to be made with respect to other representations or warranties contained in this </font><u><font size=2>Article II,</font></u><font size=2> except with respect to the representations and warranties set forth in </font><u><font size=2>Section 2.04(h)</font></u><font size=2>. to the extent that it is readily apparent on the face of the information disclosed that it should be an exception to such other representation or warranty:</font></p>


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    <tr >
        <td width="92" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.01  </font></p> </td>
        <td width="424" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization; Qualification: Power and Authority; Title</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.96in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Each Seller is a corporation validly existing and in good standing under the Laws of Argentina and has full corporate power and authority to conduct its business as and to the extent now conducted.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.96in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Each Seller has the requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument or certificate contemplated hereby to be executed or delivered by such Seller in connection herewith (all such other agreements, documents, instruments and certificates required to be executed or delivered by Sellers being hereinafter referred to, collectively, as the </font><b><font size=2>"</font></b><u><b><font size=2>Seller Documents</font></b></u><b><font size=2>"), </font></b><font size=2>to perform fully its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby, including without limitation the power and authority to own, hold, sell and transfer (pursuant to this Agreement)
the Shares to be sold by it hereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.96in;text-align:left;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>No
  consent or approval of the transactions contemplated hereby is required to be
  obtained from Enron Corp. </font><b><font size=2>(</font></b><u><b><font size=2>"Enron</font></b></u><b><font size=2>"),
  </font></b><font size=2>the Reorganized Debtors, the Reorganized Debtor Plan
  Administrator, the Creditors' Committee, the Litigation Trustee, the Special
  Litigation Trustee, the Remaining Asset Trustee, the Operating Trustees, the
  Preferred Equity Trustee, the Common Equity Trustee and the DCR Overseers (as
  such terms are defined in the Supplemental Modified Fifth Amended Joint Plan
  of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy
  Code, dated July 2,2004 </font><b><font size=2>("</font></b><u><b><font size=2>Enron
  Plan"</font></b></u><b><font size=2>) </font></b><font size=2>and filed with
  the United States Bankruptcy Court for the Southern District of New York in
  the bankruptcy proceeding In Re Enron Corp., et al; Case No. 01-16034 (AJG)
  (the </font><b><font size=2>"</font></b><u><b><font size=2>Enron Bankruptcy
  </font></b><font size=2>Cases"</font></u><font size=2>) or any other </font>
  <!-- EEDocs PBStart-->
  <!-- EEDocs PBEnd-->
  <font size=2>party in interest with rights arising in connection with the Enron
  Plan or the Order, entered in the Enron Bankruptcy Case on July 15,2004, Confirming
  Supplemental Modified Fifth Amended Joint Plan of Affiliated Debtors Pursuant
  to Chapter 11 of the United States Bankruptcy Code, and Related Relief.</font></p>
<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>(d)      All Shares are duly authorized, validly issued, fully paid and nonassessable, have been issued in compliance with (and since such issuance, has not been transferred except in compliance with) all applicable securities Laws in any applicable jurisdiction and any preemptive rights, rights of first refusal or similar rights of any Person. There are no voting trusts, proxies or other agreements or understandings with respect to the voting or disposition of, or otherwise relating to, the Shares. There does not exist nor is there outstanding any right, security or other agreement granted or issued to, or entered into with, any Person to cause Sellers to issue or sell any Shares to any Person (including any warrant, option, call, preemptive right, convertible debt obligation, subscription for stock or securities convertible into stock of such companies or any other similar right,
security, instrument or agreement). Sellers beneficially own and have good, valid and marketable title to all of the Shares, free and clear of all Liens. Upon consummation of the Closing, Purchaser shall own and have good, valid and marketable title to all of the Shares, free and clear of all Liens. Neither Sellers nor any of its Affiliates have made any commitment to retain or not to transfer or dispose of the Shares in connection with the ICSID Claims or any related Actions or Proceedings.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>2.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Execution and Delivery</font></u><font size=2>. The execution, delivery and performance by each Seller of this Agreement and each of the Seller Documents and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of each Seller and no other proceeding on the part of Seller is necessary to authorize the execution, delivery or performance hereof or thereof or the consummation of the transactions contemplated hereby or thereby. This Agreement has been, and each of the Seller Documents will be, when delivered to Purchaser, duly executed and delivered by each Seller, as applicable, and (assuming the due authorization, execution and delivery by the other parties
hereto and thereto) this Agreement constitutes, and each of the Seller Documents when so executed and delivered will constitute, valid and legally binding obligations of Sellers, enforceable against each Seller in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally or by general principles of equity.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>2.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Conflicts</font></u><font size=2>. The execution and delivery by Sellers of this Agreement does not, and the performance by Sellers of their obligations under this Agreement and the consummation of trie transactions contemplated hereby will not:</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(a)
  </font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>conflict
  with or result in a violation or breach of any of the terms, conditions or provisions
  of their respective organizational documents or the organizational documents
  of their Affiliates, including Ponderosa but excluding Enron;</font>
  <!-- EEDocs PBStart-->
  <!-- EEDocs PBEnd-->
</p>
<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.96in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>subject to obtaining the consents, waivers, approvals, Orders, Licenses and authorizations of, or making the declarations or filings with, or providing the notifications or reports to, the Overseas Private Investment Corporation and the Persons or Governmental or Regulatory Authorities set forth on Section 2.03(b) of the Seller Disclosure Schedule, conflict with or result in a violation or breach of any term or provision of any Law applicable to Sellers or any of their Affiliates, including Ponderosa but excluding Enron, or their respective Assets and Properties; or</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>(i) conflict with or result in a violation or breach of, (ii) constitute (with or without notice or lapse of time or both) a default under, (iii) require Sellers or any of their Affiliates, including Ponderosa but excluding Enron, to obtain any consent, approval or action of, make any filing with or give any notice to any Person as a result or under the terms of, or (iv) result in or give to any Person any right of termination, cancellation, acceleration or modification in or with respect to, any material Contract, License or other arrangement to which Sellers or any of their Affiliates, including Ponderosa but excluding Enron, are a party or by which any of them or any of their respective Assets and Properties is bound or otherwise result in the creation or imposition of
any Lien upon any Assets and Properties of Sellers or any of their Affiliates, including Ponderosa but excluding Enron.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>conflict with any bankruptcy related Laws applicable to, or any settlement, judgment, order or decree related to, the Enron Bankruptcy Cases.</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="240" style='border-collapse:collapse'>
    <tr >
        <td width="92" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.04  </font></p> </td>
        <td width="104" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>TGS Matters</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Since August 29,2005, Alberto Oucinde has served continuously as a director of TGS.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Since March 31,2005, Mariano Gonzalez has served continuously as a </font><i><font size=2>syndic of </font></i><font SIZE=2>TGS.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Since May 13, 2004, Impala Partners, LLC ("</font><u><font size=2>Impala</font></u><font size=2>") has served continuously as the "CIESA/TGS Manager" (in such capacity, the "</font><u><font size=2>CIESA/TGS Manager</font></u><font size=2>") under and pursuant to the Settlement Agreement and Mutual Release, dated as of March 12, 2004, entered into, </font><i><font size=2>inter alia, </font></i><font size=2>Enron Corp., Ponderosa, Citibank, N.A. and the Official Committee of Unsecured Creditors, as amended, and Michael Borom has supervised the activities of the CIESA/TGS Manager on behalf of Impala.</font></p>


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    <tr >
        <td width="92" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt;line-height:139.86%'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>(d)</font></p> </td>
        <td width="408" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>From March 1998 to June 2004, Eduardo Ojea Quintana served</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:left;'><font size=2>continuously as the Director General of TGS, and from March 1998 to August 2005 served as a director of TGS. From July 16,2004 until June 30,2005, Ponderosa Assets, L.P. ("Ponderosa") retained his services as a consultant. Since July 1, 2005, EPCA has retained his services as a consultant.</font></p>


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    <tr >
        <td width="92" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:12.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(e)</font></p> </td>
        <td width="185" nowrap valign=top style='padding:12.0pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Sellers do not control TGS.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(f)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Prior
  to March 31, 2005, the Representatives of Sellers and their Affiliates received
  limited information about the business, financial condition, properties and/or
  prospects</font><font size=2>&nbsp;</font>
  <!-- EEDocs PBStart-->
  <!-- EEDocs PBEnd-->
  <font size=2>of TGS indirectly and through representatives of Enron or its Affiliates
  (such information the </font><u><b><font size=2>"Enron Supplied Information</font></b></u><b><font size=2>").</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.96in;text-align:left;'><font size=2>(g)      Since August 29,2005, Alberto Oucinde has received in his capacity as a director of TGS information related to (i) the budget of TGS for fiscal year 2006 and the financial results for fiscal year 2005, (ii) certain material contracts entered into or to be entered into with Petroleo Brasileiro S.A. and/or its Affiliates, (iii) copies of correspondence with UNIREN concerning tariffs, and (iv) other matters presented to the Board of Directors of TGS (collectively, the </font><b><font size=2>"T</font></b><u><b><font size=2>GS Supplied Information</font></b></u><b><font size=2>").</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.95in;text-align:left;'><font size=2>(h)      To the Knowledge of Sellers and based solely on the Enron Supplied Information and the TGS Supplied Information, since December 31,2004 (a) the Business has been conducted only in the ordinary course of business consistent with past practice except as has been disclosed in the Publicly Available Information, and (b) there has not existed and does not exist any state of facts, nor has any event occurred, that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect which Material Adverse Effect has not been disclosed in the Publicly Available Information.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>2.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Legal Proceedings</font></u><font size=2>. There are no material Actions or Proceedings pending or, to the Knowledge of Sellers, threatened, seeking to restrain, enjoin or otherwise prohibit or make illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.95in;text-align:left;'><font size=2>2.6</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Brokers</font></u><font size=2>. Except for Impala, whose fees, commissions and expenses are the sole responsibility of Sellers, all negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by Sellers directly with Purchaser without the intervention of any Person on behalf of Sellers in such manner as to give rise to any valid claim by any Person against Purchaser for a finder's fee, brokerage commission or similar payment.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.95in;text-align:left;'><font size=2>2.07</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Foreign Exchange Control Regulations and Registrations</font></u><font size=2>. Each Seller is in compliance in all material respects with all foreign exchange control regulations, including, but not limited to all regulations of the Central Bank of Argentina, in all transactions between Sellers and any third parties, including, but not limited, with respect to the remittance of funds abroad, including the payment of principal and interest with respect to any loan or other obligation.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="215" style='border-collapse:collapse'>
    <tr >
        <td width="92" nowrap valign=top style='padding:9.85pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:9.85pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:9.85pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.08</font></p> </td>
        <td width="77" nowrap valign=top style='padding:9.85pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Solvency</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.95in;text-align:left;'><font size=2>(a)       After extensive inquiry and review, Sellers have determined that the Purchase Price to be paid hereunder for the Shares (i) is fair, reasonable, and adequate, (ii) was determined following arm's-length negotiations by sophisticated parties and (iii) constitutes reasonably equivalent value for the Shares. After giving effect to the transactions contemplated by this Agreement, Sellers will not be rendered insolvent or unable to pay their Liabilities as they mature. Sellers shall use the proceeds from the payment of the Purchase Price to satisfy any obligations hereunder and to satisfy existing obligations to their creditors prior to making any other disposition thereof.</font></p>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(b)      No Seller is a debtor in respect of, nor subject to the jurisdiction of the Bankruptcy Court under the Enron Bankruptcy Case, nor is any such party a bankrupt entity under the Laws of Argentina.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>2.09    </font><u><font size=2>Consideration</font></u><font size=2>. The payment of the Purchase Price and the obligations of the Purchaser hereunder, and the payment and other obligations under any other agreements or instruments referenced in </font><u><font size=2>Section 12.02</font></u><font size=2> represent all consideration payable by Purchaser to Sellers and their Affiliates in connection with the transactions contemplated hereby.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:1.03in;text-align:center;'><font SIZE=2>ARTICLE III REPRESENTATIONS AND WARRANTIES OF PURCHASER</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.02in; text-indent:0.95in;text-align:left;'><font size=2>Purchaser hereby represents and warrants to Sellers as of the date hereof and the Closing Date as follows:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="463" style='border-collapse:collapse; '>
    <tr >
        <td width="92" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.01</font></p> </td>
        <td width="325" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization, Qualification, Power and Authority</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12.5pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser is a limited liability company validly existing and in good standing under the Laws of Delaware and has full limited liability company power and authority to conduct its business as and to the extent now conducted.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument or certificate contemplated hereby to be executed or delivered by Purchaser in connection herewith (all such other agreements, documents, instruments and certificates required to be executed or delivered by Purchaser being hereinafter referred to, collectively, as the </font><b><font size=2>"</font></b><u><b><font size=2>Purchaser Documents</font></b></u><b><font size=2>"), </font></b><font size=2>to perform fully its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>3.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Execution and Delivery</font></u><font size=2>. The execution, delivery and performance by the Purchaser of this Agreement and each of the Purchaser Documents and the consxxmmation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of Purchaser and no other proceeding on the part of Purchaser is necessary to authorize the execution, delivery or performance hereof or thereof or the consummation of the transactions contemplated hereby or thereby. This Agreement has been, and each of the Purchaser Documents will be, when delivered to Sellers, duly executed and delivered by the Pxxrchaser and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this
Agreement constitutes, and each of the Purchaser Documents when so executed and delivered will constitute, valid and legally binding obligations of Purchaser, enforceable against Purchaser in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally or by general principles of equity.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>3.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No
  Conflicts</font></u><font size=2>. The execution and delivery by Purchaser of
  this Agreement and the Purchaser Eiocuments do not, and the performance by Purchaser
  of its obligations under this Agreement and the consummation of the transactions
  contemplated hereby will not:</font><font size=2>&nbsp;&nbsp;</font>
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</p>

<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>conflict with or result in a violation or breach of any of the terms, conditions or provisions of the certificate or articles of incorporation, bylaws or similar organizational documents of Purchaser;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>subject to obtaining the consents, waivers, approvals, Orders, Licenses and authorizations of, or making the declarations or filings with, or providing the notifications or reports to, the Persons or Governmental or Regulatory Authorities set forth on Section 3.03(b) of the Purchaser Disclosure Schedule, conflict with or result in a violation or breach of any term or provision of any Law applicable to Purchaser or any of its Assets and Properties; or</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>(i) conflict with or result in a violation or breach of, (ii) constitute (with or without notice or lapse of time or both) a default under, (iii) require Purchaser to obtain any consent, approval or action of, make any filing with or give any notice to any Person as a result or under the terms of, or (iv) result in or give to any Person any right of termination, cancellation, acceleration or modification in or with respect to, any material Contract or License to which Purchaser is a party or by which any of its Assets and Properties is bound or otherwise result in the creation or imposition of any Lien upon any Assets or Properties of Purchaser.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.96in;text-align:left;'><font size=2>3.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Legal Proceedings</font></u><font size=2>. There are no material Actions or Proceedings pending or, to the knowledge of Purchaser, threatened seeking to restrain, enjoin or otherwise prohibit or make illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>3.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Financial Capability</font></u><font size=2>. Purchasers will have on the Closing Date sufficient cash and cash equivalents and/or credit facilities to purchase the Shares and to consummate the transactions contemplated by this Agreement, including payment of Purchaser's fees and expenses contemplated hereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.96in;text-align:left;'><font size=2>3.6</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fair Purchase Price</font></u><font size=2>. After extensive inquiry and review, Purchaser has determined that the Purchase Price to be paid hereunder for the Shares to Sellers (i) is fair, reasonable, and adequate, (ii) was determined following arm's-length negotiations by sophisticated parties and (iii) constitutes reasonably equivalent value for the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>3.7</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Brokers</font></u><font size=2>. Except for J.P. Morgan Securities Ltd., whose fees, commissions and expenses, if any, are the sole responsibility of Purchaser, all negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by Purchaser directly with Sellers without the intervention of any Person on behalf of Purchaser in such manner as to give rise to any valid claim by any Person against Seller for a finder's fee, brokerage commission or similar payment.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>3.8</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Consideration</font></u><font size=2>. The payment of the Purchase Price and the obligations of the Purchaser hereunder, and the payment and other obligations under any other agreements or instruments referenced in Section 12.02 represent all consideration payable by Purchaser to Sellers and their Affiliates in connection with the transactions contemplated hereby.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.96in;text-align:left;'><font size=2>3.9</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Accredited Investor</font></u><font size=2>. Purchaser is an "accredited investor" within the meaning of Rule 501(a)(l), (2) or (7) under the Securities Act, or an entity in which all of the equity owners are accredited investors within the meaning of Rule 501(a)(l), (2), (3) or (7) under the Securities Act (an </font><b><font size=2>"</font></b><u><b><font size=2>Institutional Accredited Investor</font></b></u><b><font size=2>").</font></b></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.96in;text-align:left;'><font size=2>3.10</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Own Account</font></u><font size=2>. Any purchase of the Shares by Purchaser will be for its own account or as fiduciary for the account of one or more trusts, each of which is an accredited investor within the meaning of Rule 501(a)(7) under the Securities Act, or for the account of one </font></p>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:10.8pt;text-align:left;'><font size=2>or more other Institutional Accredited Investors, in respect of each of which the requirements set forth in this paragraph are satisfied. If Purchaser is purchasing for the accounts of other Institutional Accredited Investors, (1) it exercises sole investment discretion for each such Institutional Accredited Investor with respect to any transactions in the Shares; (2) Purchaser reasonably believes that each such Institutional Accredited Investor can bear the economic risk of an investment in the Shares; and (3) Purchaser has all necessary authority to make the representations and agreements contained herein on behalf of, and to act for, each such Institutional Accredited Investor.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.95in;text-align:left;'><font size=2>3.11</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Aggregate Principal Amount</font></u><font size=2>. Purchaser is purchasing the Shares having an aggregate principal amount of not less than $250,000 (or the equivalent thereof in another currency) for its own account or for any separate account for which it is acting.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>3.12</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Financial Knowledge and Experience</font></u><font size=2>. Purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of purchasing the Shares, and, if Purchaser is purchasing the Shares for its own account, it can bear the economic risk of an investment in the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.95in;text-align:left;'><font size=2>3.13</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Investment Purposes</font></u><font size=2>. Any purchase of the Shares by Purchaser will be for investment and not with a view to resale or distribution thereof (within the meaning of the Securities Act), </font><u><font size=2>provided</font></u><font size=2> that the disposition of its property and the property of any accounts for which it is acting as fiduciary shall remain at all times within Purchaser's control.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>3.14</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Information on Shares</font></u><font size=2>. Purchaser has received a copy of any information it desires concerning the Shares or any other matter relevant to its decision to purchase the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:2.14in;text-align:center;'><font SIZE=2>ARTICLE IV COVENANTS OF SELLERS</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.95in;text-align:left;'><font size=2>4.01     </font><u><font size=2>Regulatory and Other Approvals</font></u><font size=2>. Subject to the terms and conditions of this Agreement, Sellers will as promptly as practicable, (a) use their respective reasonable best efforts to obtain all consents, waivers, approvals, Orders, Licenses or authorizations of, make all declarations and filings with, and give all notifications and reports to, any Governmental or Regulatory Authority or any other Person required of Sellers to consummate the transactions contemplated hereby, including, without limitation, those referenced in </font><u><font size=2>Section 2.03(b)</font></u><font size=2> and those set forth on Section 2.03(b) of the Seller Disclosure Schedules, (b) provide such other information and communications to such Governmental or Regulatory Authorities or other Persons as such Governmental or Regulatory Authorities or other Persons
may reasonably request in connection therewith and (c) provide reasonable cooperation to Purchaser in connection with the performance of its obligations under </font><u><font size=2>Sections 5.01</font></u><font size=2>. Sellers will provide prompt notification to Purchaser when any such consent, approval, action, filing or notice referred to in clause (a) above is obtained, taken, made or given, as applicable, and Sellers will advise Purchaser of any communications (and, unless precluded by Law, provide copies of any</font></p>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:left;'><font size=2>such communications that are in writing) with any Governmental or Regulatory Authority or other Person regarding any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>4.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Solicitations</font></u><font size=2>. Each Seller shall, and shall cause its representatives to, immediately cease existing discussions or negotiations, if any, with any Persons conducted heretofore with respect to any Acquisition Proposal, and shall not, and shall cause its Representatives not to, directly or indirectly, (a) initiate, facilitate, encourage or solicit, directly or indirectly, the making of any Acquisition Proposal, (b) provide any non-public information regarding the Business to, or enter into or maintain or continue any discussions or negotiations with, any Person that has made or proposes to make an Acquisition Proposal or (c) enter into any agreement providing for any Acquisition Proposal.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>4.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Litigation Supp</font></u><font size=2>ort. In the event and for so long as Purchaser actively is prosecuting, contesting or defending any Actions or Proceedings, charge, claim, or demand by or against any Person in connection with (i) any transactions contemplated under this Agreement or (ii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction involving the Business, Sellers shall cooperate with Purchaser and its counsel in the prosecution, contest or defense, make available its personnel, and provide such testimony and access to its books and records and facilities as shall be reasonably necessary in connection with the prosecution, contest or defense, all
at the sole control, cost and expense of Purchaser (unless Purchaser is entitled to indemnification therefor or Sellers elect to assume the defense of such action under </font><u><font size=2>Article IXV</font></u></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>4.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fulfillment of Conditions</font></u><font size=2>. Subject to the terms and conditions of this Agreement, Sellers will use their reasonable best efforts to proceed diligently and in good faith to satisfy each condition to the obligations of Purchaser contained in this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:2.01in;text-align:center;'><font SIZE=2>ARTICLE V COVENANTS OF PURCHASER</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.96in;text-align:left;'><font size=2>5.01
  </font><u><font size=2>Regulatory and Other Approvals</font></u><font size=2>.
  Subject to the terms and conditions of this Agreement, Purchaser will (a) use
  reasonable best efforts to obtain all consents, approvals or actions of, make
  all filings with and give all notices to, Governmental or Regulatory Authorities
  or any other Person required of Purchaser to consummate the transactions contemplated
  hereby, including, without limitation, those set forth on Section on Section
  3.03 of the Purchaser Disclosure Schedule, (b) provide such other information
  and communications to such Governmental or Regulatory Authorities or other Persons
  as such Governmental or Regulatory Authorities or other Persons may reasonably
  request in connection therewith and (c) provide reasonable cooperation to Sellers
  in connection with the performance of its obligations under </font><u><font
size=2>Sections 4.01</font></u><font size=2>. Purchaser will provide prompt notification
  to Sellers when any such consent, approval, action, filing or notice referred
  to in clause (a) above is obtained, taken, made or given, as applicable, and
  will advise Sellers of any communications (and, unless precluded by Law, provide
  copies of any such communications that are in writing) with any Governmental
  or Regulatory Authority or other Person regarding any of the transactions contemplated
  by this Agreement.</font>
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</p>

<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.96in;text-align:left;'><font size=2>5.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fulfillment of Conditions</font></u><font size=2>. Subject to the terms and conditions of this Agreement, Purchaser will take all commercially reasonable steps necessary or desirable and proceed diligently and in good faith to satisfy each condition to the obligations of Sellers contained in this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>5.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Unregistered Shares</font></u><font size=2>. Purchaser understands that the Shares have not been and will not be registered under the Securities Act or any other applicable securities law and Purchaser agrees, on its own behalf and on behalf of each account for which it acquires any Shares, that, if in the future it decides to offer, resell, pledge or otherwise transfer such Shares, such Shares may be offered, sold, pledged, or otherwise transferred only in compliance with the applicable requirements of the Securities Act.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:1.32in;text-align:center;'><font SIZE=2>ARTICLE VI CONDITIONS TO OBLIGATIONS OF PURCHASER</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.94in;text-align:left;'><font size=2>The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, at or before the Closing, of each of the following conditions (all or any of which may be waived in whole or in part by Purchaser in its sole discretion):</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>6.1</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties</font></u><font size=2>. Each of the representations and warranties of Sellers contained herein and in the Seller Documents (except with respect to </font><u><font size=2>Section 2.04(h)</font></u><font size=2> hereof, disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein) shall be true and correct at and as of the date hereof and at and as of the Closing Date, as if made at and as of such date (except, to the extent any such representation or warranty speaks as of a specific date, in which case such representation or warranty shall be, subject to the qualifications set forth above, true and correct as of such
specific date), except to the extent that all failures of such representations and warranties to be so true and correct (except with respect to </font><u><font size=2>Section 2.04(h)</font></u><font size=2> hereof, disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein), individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; </font><u><font size=2>provided</font></u><font size=2> that the representations and warranties contained in </font><u><font size=2>Sections 2.0L 2.02</font></u><font size=2>,</font><u><font size=2>2.04fh)</font></u><font size=2> and 2.06 shall be true and correct in all respects as of the date hereof and as of the Closing Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>6.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Performance</font></u><font size=2>. Sellers shall have performed and complied with, in all material respects, the agreements, covenants and obligations required by this Agreement to be so performed or complied with by Sellers at or before the Closing.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>6.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer's Certificates</font></u><font size=2>. Purchaser shall have received a certificate from each Seller (i) to the effect set forth in </font><u><font size=2>Sections 6.01</font></u><font size=2> and </font><u><font size=2>6.02</font></u><font size=2>, dated the Closing Date, signed on behalf of each Seller by its principal executive officer and (ii) which certifies the incumbency of such principal executive officer. </font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>6.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Laws</font></u><font size=2>. There shall not be in effect on the Closing Date any Law seeking to restrain, enjoin or otherwise prohibit or make illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>6.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Governmental or Regulatory Consents and Approvals</font></u><font size=2>. All consents, waivers, approvals, Orders, Licenses and authorizations of, declarations and filings with, and notifications and reports to any Governmental or Regulatory Authority necessary to permit Purchaser and Sellers to perform their respective obligations under this Agreement and to consummate the transactions contemplated hereby shall have been duly obtained, made or given and shall be in full force and effect, and all terminations or expirations of waiting periods </font></p>
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<p style=' margin-bottom:0pt; margin-top:11.75pt;text-align:left;'><font size=2>imposed by any Governmental or Regulatory Authority necessary for the consummation of the transactions contemplated by this Agreement shall have occurred.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>6.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Consents</font></u><font size=2>. All consents, approvals, actions, filings and notices set forth in Section 6.06 of the Seller Disclosure Schedule shall have been obtained or given and evidence thereof, in form reasonably satisfactory to Purchaser, shall have been delivered to Purchaser and shall be in full force and effect as of the Closing.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.5pt; text-indent:0.96in;text-align:left;'><font size=2>6.6</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Legal Opinions</font></u><font size=2>. After negotiating in good faith with Purchaser as to the language of each legal opinion, each Seller shall have delivered to Purchaser on the Closing Date fully executed legal opinions dated as of the Closing Date from Argentine counsel, from Delaware counsel and from United States counsel to Sellers in a form substantially similar to the forms of legal opinions set forth on Section 6.07 of the Purchaser Disclosure Schedule.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.96in;text-align:left;'><font size=2>6.7</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Execution of Agreements</font></u><font size=2>. Purchaser shall have received a fully executed Option Agreement, in a form reasonably acceptable to Purchaser, relating to the purchase of 34.16 million Class B shares of TGS from EPCA by Purchaser following approval of the restructuring process of Compaflia de Inversiones de Energia S.A. by the Enargas and CNDC.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.96in;text-align:left;'><font size=2>6.8</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Transfer of Shares</font></u><font size=2>. Each Seller shall deliver, or cause to be delivered, the Shares into Purchaser's custodial account with Caja's Global Deposit System.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>6.9</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Listing of Shares</font></u><font size=2>. The Shares shall be listed on Buenos Aires Stock Exchange without restriction on transfer and Purchaser shall have received evidence reasonably satisfactory to it of such listing.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.96in;text-align:left;'><font size=2>6.10</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Guarantee Agreement</font></u><font size=2>. The Ponderosa Guarantee shall be in full force and effect as of the Closing Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:1.45in;text-align:center;'><font SIZE=2>ARTICLE VII CONDITIONS TO OBLIGATIONS OF SELLERS</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>The obligation of Sellers to consummate the transactions contemplated by this Agreement is subject to the fulfillment, at or before the Closing, of each of the following conditions (all or any of which may be waived in whole or in part by Sellers in their sole discretion):</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.95in;text-align:left;'><font size=2>7.1</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties</font></u><font size=2>. Each of the representations and warranties of Purchaser contained herein and in the Purchaser Documents (disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein) shall be true and correct at and as of the date hereof and at and as of the Closing Date, as if made at and as of such date (except, to the extent any such representation or warranty speaks as of a specific date, in which case such representation or warranty shall be, subject to the qualifications set forth above, true and correct as of such specific date), except to the extent that all failures of such representations and
warranties to be so true and correct (disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein), individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the Purchaser's ability to consummate the transactions contemplated herein; </font><u><font size=2>provided</font></u><font size=2> that the representations and warranties contained in </font><u><font size=2>Sections 3.01</font></u><font size=2>, </font><u><font size=2>3.02</font></u><font size=2>, and </font><u><font size=2>3.07</font></u><font size=2> shall be true and correct in all respects as of the date hereof and as of the Closing Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>7.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Performance</font></u><font size=2>. Purchaser shall have performed and complied with, in all material respects, the agreements, covenants and obligations required by this Agreement to be so performed or complied with by Purchaser at or before the Closing.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.95in;text-align:left;'><font size=2>7.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer's Certificate</font></u><font size=2>. Sellers shall have received a certificate from Purchaser (i) to the effect set forth in </font><u><font size=2>Sections 7.01</font></u><font size=2> and </font><u><font size=2>7.02.</font></u><font size=2> dated the Closing Date, signed by its principal executive officer and (ii) which certifies the incumbency of such principal executive officer.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>7.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Laws</font></u><font size=2>. There shall not be in effect on the Closing Date any Law restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.95in;text-align:left;'><font size=2>7.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Governmental or Regulatory Consents and Approvals</font></u><font size=2>. All consents, waivers, approvals, Orders, Licenses and authorizations of, declarations and filings with, and notifications and reports to any Governmental or Regulatory Authority necessary to permit Sellers and Purchaser to perform their respective obligations under this Agreement and to consummate the transactions contemplated hereby shall have been duly obtained, made or given and shall be in full force and effect, and all terminations or expirations of waiting periods imposed by any Governmental or Regulatory Authority necessary for the consummation of the transactions contemplated by this Agreement shall have occurred.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.55pt; margin-left:0.83in; text-indent:1.77in;text-align:left;'><font size=2>ARTICLE VIII SURVIVAL; NO OTHER REPRESENTATIONS OR WARRANTIES</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.96in;text-align:left;'><font size=2>8.01     </font><u><font size=2>Survival of Representations and Warranties</font></u><font size=2>. The representations and warranties of Seller contained in </font><u><font size=2>Article II</font></u><font size=2> of this Agreement, and the representations and warranties of Purchaser contained in </font><u><font size=2>Article III</font></u><font size=2> of this Agreement, will survive until September 30,2007, except that any representation or warranty that would otherwise terminate in accordance with this sentence will continue to survive if a Claim Notice shall have been timely given in good faith based on facts reasonably expected to establish a valid claim under </font><u><font size=2>Article IX</font></u></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:left;'><font size=2>on or prior to such termination date, until the related claim for indemnification has been satisfied or otherwise resolved as provided in </font><u><font size=2>Article IX</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.96in;text-align:left;'><font size=2>8.02    </font><u><font size=2>No Other Representations or Warranties</font></u><font size=2>. Notwithstanding anything to the contrary contained in this Agreement, it is the explicit intent of each party hereto that none of Sellers, their Affiliates or any of their respective officers, directors, employees or Representatives are making or have made any other representation or warranty whatsoever, express or implied, at law or in equity, whether under Contract, tort or other applicable Law, in respect of the Business, TGS or any of TGS' Subsidiaries, except those representations and warranties contained in </font><u><font size=2>Article II</font></u><font size=2> and the certificates delivered pursuant to </font><u><font size=2>Section 6.03</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:2.39in;text-align:center;'><font SIZE=2>ARTICLE IX INDEMNIFICATION</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="257" style='border-collapse:collapse; '>
    <tr >
        <td width="92" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.01  </font></p> </td>
        <td width="123" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Indemnification</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.96in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Following the Closing, subject to the other provisions of this </font><u><font size=2>Article IX, </font></u><font size=2>Sellers shall, jointly and severally, indemnify the members of the Purchaser Indemnified Group in respect of, and hold each of them harmless from and against, any and all Losses suffered, incurred or sustained by any of them resulting from, arising out of, or relating to:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.48in; text-indent:0.48in;text-align:left;'><font size=2>(i)       any breach of any representation or warranty on the part of Sellers contained in </font><u><font size=2>Article II</font></u><font size=2> or in any Seller Document;</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.48in; text-indent:0.48in;text-align:left;'><font size=2>(ii)      any breach of any covenant or agreement on the part of Sellers contained herein or in any Seller Document; and</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.48in; text-indent:0.48in;text-align:left;'><font size=2>(iii)     any Taxes that are or become due in respect of any taxable periods, or portions thereof, prior to the Closing, relating to, imposed upon, or arising with respect to Sellers or the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.48in;text-align:left;'><font size=2>Sellers shall not be liable for any Losses with respect to the matters set forth in </font><u><font size=2>Section 9.01(a*)(T)</font></u><font size=2> unless (x) a claim is timely asserted during the survival period specified in </font><u><font size=2>Section 8.01</font></u><font size=2> and (y) the aggregate of all Losses under </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> exceeds, on a cumulative basis, $1,500,000 (the </font><u><b><font size=2>"Threshold Amount</font></b></u><b><font size=2>"), </font></b><font size=2>at which point those members of the Purchaser Indemnified Group who have asserted a claim shall be entitled to indemnification under </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> for the entire aggregate amount of Losses then existing and thereafter arising, including the Threshold Amount </font><u><font
size=2>(provided</font></u><font size=2> that the foregoing limitation in clause (y) shall not apply to any obligation or liability under </font><u><font size=2>Section 9.01 (a&yen;i)</font></u><font size=2> arising out of or related to a breach of any of the representations set form in </font><u><font size=2>Sections 2.01,2.02</font></u><font size=2>,</font><u><font size=2>2.05</font></u><font size=2> and </font><u><font size=2>2.06)</font></u><font size=2>. For the avoidance of doubt, the limitations in this paragraph do not apply to clauses (ii) and (iii) of this </font><u><font size=2>Section 9.01 (a)</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Following the Closing, subject to the other provisions of this </font><u><font size=2>Article IX</font></u><font size=2>. Purchaser shall indemnify the members of the Seller Indemnified Group in respect of, and hold each of them harmless from and against, any and all Losses suffered, incurred or sustained by </font><font size=3>any of them resulting from, arising out of, or relating to: </font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.96in;text-align:left;'><font size=2>(i)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any representation or warranty on the part of Purchaser contained in </font><u><font size=2>Article HI</font></u><font size=2> or in any Purchaser Document; and</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.48in; text-indent:0.47in;text-align:left;'><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any covenant or agreement on the part of Purchaser contained herein or in any Purchaser Document.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.47in;text-align:left;'><font size=2>Purchaser
  shall not be liable for any Losses with respect to the matters set forth in
  </font><u><font size=2>Section </font></u><font size=2>&nbsp;</font>
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  <u><font size=2>9.01(b)(i)</font></u><font size=2> unless (x) a claim is timely
  asserted during the survival period specified in </font><u><font size=2>Section
  8.01</font></u><font size=2> and (y) the aggregate of all Losses under </font><u><font size=2>Section
  9.01(b)(i)</font></u><font size=2> exceeds, on a cumulative basis, the Threshold
  Amount, at which point those members of the Seller Indemnified Group who have
  asserted a claim shall be entitled to indemnification under </font><u><font size=2>Section
  9.0 lfb)(i)</font></u><font size=2> for the entire aggregate amount of Losses
  then existing and thereafter arising, including the Threshold Amount </font><u><font size=2>(provided</font></u><font size=2>
  that the foregoing limitation in clause (y) shall not apply to any obligation
  or liability under </font><u><font size=2>Section 9.02(b)(i)</font></u><font size=2>
  arising out of or related to a breach of any of the representations set forth
  in </font><u><font size=2>Sections 3.01.3.02</font></u><font size=2> and </font><u><font size=2>3.07)</font></u><font size=2>.
  For the avoidance of doubt, the limitations in this paragraph do not apply to
  clause (ii) of this </font><u><font size=2>Section 9.01(b)</font></u><font size=2>.</font></p>
<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>In calculating any amount of Losses recoverable pursuant to this </font><u><font size=2>Section 9.01</font></u><font size=2>, the amount of such Losses shall be reduced by (i) any insurance proceeds actually received from any unaffiliated insurance carrier offsetting the amount of such Loss, net of any expenses incurred by the party entitled to indemnification (the </font><u><b><font size=2>"Indemnified Party</font></b></u><b><font size=2>") </font></b><font size=2>in obtaining such insurance proceeds (including the cost of maintaining any insurance policy) and (ii) any actual recoveries from third parties pursuant to indemnification (or otherwise) (including any insurer) with respect thereto, net of any expenses incurred by the Indemnified Party in obtaining such
third party payment (including the cost of maintaining any insurance policy). If any Losses for which indemnification is provided hereunder are subsequently reduced by any insurance payment or other recovery from a third party, the Indemnified Party shall promptly remit the amount of such reduction to the other party (the </font><u><b><font size=2>"Indemnifying Party</font></b></u><b><font size=2>") </font></b><u><font size=2>(provided</font></u><font size=2> that such amount shall not exceed, in any event, the amount so previously paid in respect thereof by the Indemnifying Party). Notwithstanding anything to the contrary, for the purposes of calculating the amount of any Losses that are the subject matter of a claim for indemnification hereunder (but not for determining whether a breach of a representation or warranty has occurred), each representation and warranty contained in this Agreement shall be read without regard and without giving effect to any materiality qualifier,
including Material Adverse Effect, contained therein.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.95in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>No right of indemnification hereunder shall be limited in any respect by any investigation by any Person, whether pre-claim or post-claim, or the decision by any Person to complete the Closing.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.94in;text-align:left;'><font size=2>9.02    </font><u><font size=2>Method of Asserting Claims</font></u><font size=2>. Whenever a claim shall arise for indemnification under this </font><u><font size=2>Article IX.</font></u><font size=2> the Indemnified Party shall promptly deliver a Claim Notice to the Indemnifying Party of such claim and, when known, the facts constituting the basis for such claim; </font><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however,</font></u><font size=2> that failure to promptly give such Claim Notice shall not release the Indemnifying Party from its obligations under </font><u><font size=2>Section 9.01.</font></u><font size=2> except to the extent that the Indemnifying Party is materially prejudiced by such failure. In the event of any such claim for indemnification resulting from or in connection with a claim or Actions or Proceedings by a</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>third party, the Indemnifying Party may, if it acknowledges in writing its full responsibility hereunder for paying or otherwise discharging such claim or Actions or Proceedings, assume, at its sole cost and expense, the defense thereof by written notice within 30 calendar days, using counsel that is reasonably satisfactory to the Indemnified Party (and whose fees shall be borne by the Indemnifying Party). If an Indemnifying Party assumes the defense of, and the full responsibility for paying or otherwise discharging, any such claim or Actions or Proceedings, the Indemnifying Party shall be entitled to take all steps necessary in the defense thereof including the settlement of any case that involves solely monetary damages payable by the Indemnifying Party without the consent of the Indemnified Party; </font><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however</font></u><font
size=2>, that the Indemnified Party may, at its own expense, participate in any such proceeding with the counsel of its choice without any right of control thereof. The Indemnifying Party, if it has assumed the defense of any claim or Actions or Proceedings by a third party as provided herein, shall not consent to, or enter into, any compromise or settlement of (which settlement (i) commits the Indemnified Party to take, or to forbear to take, any action or (ii) does not provide for a full and complete written release by such third party of the Indemnified Party), or consent to the entry of any judgment that does not relate solely to monetary damages arising from, any such claim or Actions or Proceedings by a third party without the Indemnified Party's prior written consent, which shall not be unreasonably withheld, conditioned or delayed. The Indemnifying Party and the Indemnified Party shall cooperate fully in all aspects of any investigation, defense, pre-trial activities, trial,
compromise, settlement or discharge of any claim in respect of which indemnity is sought pursuant to this </font><u><font size=2>Article IX.</font></u><font size=2> at the Indemnifying Party's expense. So long as the Indemnifying Party is in good faith defending such claim or proceeding, the Indemnified Party shall not compromise or settle such claim without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed. If the Indemnifying Party does not assume the defense of any such claim or litigation in writing promptly following notice thereof, the Indemnified Party may defend against such claim or litigation in such manner as it may deem appropriate, including settling such claim or litigation on such terms as the Indemnified Party may reasonably deem appropriate, and the Indemnifying Party will promptly indemnify the Indemnified Party in accordance with the provisions of this </font><u><font size=2>Article
IX</font></u><font size=2>. and the costs of such actions taken by the Indemnified Party shall be paid by the Indemnifying Party.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>9.03     </font><u><font size=2>Exclusivity</font></u><font size=2>. After the Closing, the indemnities set forth in this </font><u><font size=2>Article IX </font></u><font size=2>shall be the sole and exclusive remedies of the Purchaser Indemnified Group and the Seller Indemnified Group for any breach of any representation or warranty made in or pursuant to this Agreement; </font><u><font size=2>provided, however,</font></u><font size=2> that the foregoing shall not limit the right of either party hereto to seek recovery for fraud, willful misconduct or intentional misrepresentation. Notwithstanding anything to the contrary in this Agreement, after the Closing and except in the case of fraud, willful misconduct or intentional misrepresentation, (a) the liability of Sellers to indemnify the Purchaser Indemnified Group pursuant to </font><u><font size=2>Section 9.0 lfaXi)</font></u><font
size=2> for the aggregate of all Losses under this </font><u><font size=2>Article IX</font></u><font size=2> shall be limited to 25% of the Purchase Price (the </font><u><b><font size=2>"Indemnification Limit</font></b></u><b><font size=2>"), </font></b><font size=2>and (b) the Purchaser Indemnified Group shall not be entitled to seek or receive payment from Sellers for any amounts in respect of indemnification claims under such </font><u><font size=2>Section 9.0 KaXi)</font></u><font size=2> in excess of the Indemnification Limit. No Person who was an officer, director or stockholder of Sellers prior to the Closing or any of their respective Affiliates shall have any liability to make any payment in respect of any breach of any representation or warranty made in this Agreement, except for Sellers' indemnification obligations under this </font><u><font size=2>Article IX</font></u><font size=2>. Notwithstanding anything</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>to the contrary in this Agreement, after the Closing and except in the case of fraud, willful misconduct or intentional misrepresentation, (a) the liability of Purchaser to indemnify the Seller Indemnified Group pursuant to </font><u><font size=2>Section 9.0 l(bXi)</font></u><font size=2> shall be the Indemnification Limit, and (b) the Seller Indemnified Group shall not be entitled to seek or receive payment from Purchaser for any amounts in respect of indemnification claims under such </font><u><font size=2>Section 9.01 fb)(i)</font></u><font size=2> in excess of such amount.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>9.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Consequential or Punitive Damages</font></u><font size=2>. Anything herein to the contrary notwithstanding, no party hereto shall, under any circumstances, be liable to any other party for any consequential, exemplary, special, incidental or punitive damages claimed by such other party under the terms of or due to any breach of this Agreement or the transactions contemplated hereby.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>9.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Currency</font></u><font size=2>. All indemnity payments under this Agreement shall be payable in United States dollars. If any indemnification claims are incurred in a currency other than United States dollars, then such amount denominated in such foreign currency shall be converted into an amount denominated in U.S. Dollars using the noon buying rate for such foreign currency as certified by the New York Federal Reserve Bank on the Business Day immediately preceding the date on which such payment is to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:2.54in;text-align:center;'><font SIZE=2>ARTICLE X TERMINATION</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.96in;text-align:left;'><font size=2>10.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Termination</font></u><font size=2>. This Agreement may be terminated, and the transactions contemplated hereby may be abandoned:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>at any time before the Closing, by mutual written agreement of Sellers and Purchaser;</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.95in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>by Purchaser or Sellers if any Governmental or Regulatory Authority issues an Order, or takes any other action which permanently enjoins, restrains or otherwise prohibits the consummation of the transactions contemplated hereby, and such Order shall have become final and nonappealable;</font></p>

<p style=' margin-bottom:0pt; margin-top:10.55pt; text-indent:0.95in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>by Purchaser or Sellers, upon written notice to the other party, at any time after February 28,2006 if the Closing shall not have occurred on or before such date and such failure to consummate is not caused by a breach of this Agreement by the party seeking such termination; </font><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however</font></u><font size=2>, that either party may by written notice to the other party delivered on or before such date extend such date until March 31, 2006 if the failure of the Closing to have occurred on or before February 28,2006 would result or shall have resulted from the failure of the condition set forth in </font><u><font size=2>Sections 6.05</font></u><font size=2> or </font><u><font
size=2>7.05</font></u><font size=2>; or</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:.15in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>by Purchaser in accordance with Section 1.04.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:10.3pt; text-indent:0.96in;text-align:left;'><font size=2>10.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Effect of Termination</font></u><font size=2>. In the event of termination under </font><u><font size=2>Sections 10.01(b\ lO.Ol(c)</font></u><font size=2> or </font><u><font size=2>lO-OKd")</font></u><font size=2>, written notice thereof shall be given to the other party and this Agreement shall terminate and the transactions contemplated hereby shall be abandoned, without further action by either party, upon delivery of such notice, except that the Letter Agreement</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>shall survive in accordance with its terms and </font><u><font size=2>Sections 10.02</font></u><font size=2>,</font><u><font size=2>12.03</font></u><font size=2>, and </font><u><font size=2>12.12</font></u><font size=2> shall also survive such termination. Upon any termination hereof pursuant to </font><u><font size=2>Section 10.01</font></u><font size=2>. no party hereto shall thereafter have any further Liability hereunder (except as expressly provided herein); </font><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however</font></u><font size=2>, that no such termination shall relieve any party hereto of any Liability for any breach of any term hereof prior to the date of such termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:2.61in; text-indent:0.05in;text-align:center;'><font SIZE=2>ARTICLE XI DEFINITIONS</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.3pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="45" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11.01  </font></p> </td>
        <td width="89" nowrap valign=top style='padding:11.3pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>(a)      </font><u><font size=2>Defined Terms</font></u><font size=2>. As used in this Agreement, the following defined terms have the meanings indicated below:</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.95in;text-align:left;'><u><font size=2>"Acquisition Proposal</font></u><font size=2>" means any inquiry, proposal or offer from any Person (other than Purchaser or any of its Affiliates) relating to (i) any merger, consolidation, recapitalization, tender offer, liquidation or other direct or indirect business combination involving any of Sellers or (ii) any acquisition of, share exchange or exchange offer with respect to, or other similar direct or indirect transaction involving, the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Actions or Proceedings</font></u><font size=2>" means any judicial, administrative or arbitral action, suit, proceeding (public or private) or proceeding before a Governmental or Regulatory Authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><u><font size=2>"Affiliate</font></u><font size=2>" means, as to any Person, (a) any Subsidiary of such Person and (b) any other Person that, directly or indirectly, controls, is controlled by, or is under common control with, such Person. For the purposes of this definition, "control" means the possession of the power to direct or cause the direction of management and policies of Person, whether through the ownership of voting securities, by Contract or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Agreement"</font></u><font size=2> means this Share Purchase Agreement, the Seller Disclosure Schedule, and the Purchaser Disclosure Schedule, as the same shall be amended from time to time.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Assets and Properties"</font></u><font size=2> of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated, including, without limitation, intellectual property), including the goodwill related thereto, operated, owned or leased by such Person.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Business</font></u><font size=2>" means the transportation and processing of natural gas by TGS and its Subsidiaries, the operation of the southern Argentine gas pipeline by TGS and its Subsidiaries, and the marketing of natural gas liquids in Argentina by TGS and its Subsidiaries.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>"</font><u><font size=2>Business Day</font></u><font size=2>" means a day other than Saturday, Sunday or any day on which banks located in the State of New York or Argentina are authorized or obligated by Law to close.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><u><font size=2>"Business or Condition of TGS</font></u><font size=2>" means the business, financial condition or results of operations of TGS and its Subsidiaries on a consolidated basis.</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in; text-indent:0.96in;text-align:left;'><font size=2>"</font><u><font size=2>Claim Notice</font></u><font size=2>" means written notification pursuant to </font><u><font size=2>Section 9.02</font></u><font size=2> of a claim as to which indemnity under </font><u><font size=2>Section 9.01</font></u><font size=2> is sought by an Indemnified Party, enclosing a copy of all papers served, if any, and specifying the nature of and basis for such claim and for the Indemnified Party's claim against the Indemnifying Party under </font><u><font size=2>Section 9.01,</font></u><font size=2> together with the amount or, if not then reasonably determinable, the estimated amount, determined in good faith, of the Loss arising from such claim.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.96in;text-align:left;'><u><font size=2>"Closing</font></u><font size=2>" means the closing of the transactions contemplated by </font><u><font size=2>Article I</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Closing Date</font></u><font size=2>" means the first date on which all of the conditions precedent in </font><u><font size=2>Section 1.03</font></u><font size=2> and </font><u><font size=2>Articles VI</font></u><font size=2> and VII have been satisfied.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"CNDC" means the </font><i><font size=2>Comision National de Defensa de la Competencia </font></i><font size=2>(the Argentine antitrust agency).</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Contract</font></u><font size=2>" means any agreement, lease, license, evidence of Indebtedness, mortgage, indenture, security agreement or other contract.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"Enargas" means Ente Nacional Regulador del Gas (the gas regulating agency in Argentina).</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.95in;text-align:left;'><font size=2>"GAAP" means generally accepted accounting principles in Argentina, subject to certain specific requirements of the CNV that may deviate from Argentine GAAP, as in effect on the date hereof and consistently applied.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Governmental or Regulatory Authority</font></u><font size=2>" means any government or governmental or regulatory body thereof, or political subdivision thereof, of any country or subdivision thereof, whether international, national, federal, state or local, or any agency or instrumentality thereof, any court or arbitrator (public or private) or regulatory (including a stock exchange or other self-regulatory body) authority or agency of any jurisdiction in which a Person conducts business or operations.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>ICSID Claims</font></u><font size=2>" means the arbitral claims that Enron and Ponderosa jointly have brought before the International Centre for Settlement of Investment Disputes </font><b><font size=2>("</font></b><U><B><font SIZE=2>ICSID</font></B></U><b><font size=2>"). </font></b><font size=2>including, without limitation, case number ICSID ARB/01/3, against the Republic of Argentina relating to allegations of violations by the Argentine Republic of its obligations under the United States-Argentina Bilateral Investment Treaty and include claims for the expropriation and diminution in value of Ponderosa's investment in Argentina resulting from disputes related, inter alia, to the Argentine tax assessments on the various operations of TGS and certain measures by the Argentine Governments relating to gas transportation tariffs.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Indebtedness</font></u><font size=2>" means (a) indebtedness for borrowed money; (b) obligations evidenced by bonds, notes, debentures or other similar instruments or by letters of credit, including purchase money obligations or other obligations relating to the deferred purchase price of property (other than trade payables incurred in the ordinary course of business); (c) obligations as lessee under leases which have been or should have been in accordance with GAAP, recorded as capital leases; (d) obligations in respect of outstanding or unpaid checks or drafts or overdraft obligations; (e) Liabilities of other Persons secured by a Lien on any Assets</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>and Properties of TGS or any of its Subsidiaries; (f) under or in respect of acceptances, letters of credit, bank guarantees, surety bonds or similar arrangements (including reimbursement obligations with respect thereto); (g) liabilities under any sale and leaseback transaction, any synthetic lease or tax ownership operating lease transaction or any other transaction which is the functional equivalent of or takes the place of borrowing, but which does not constitute a liability on the balance sheet; (h) Liabilities under interest rate cap agreements, interest rate swap agreements, foreign currency exchange agreements and other hedging or similar agreements; (i) to the extent not otherwise included in the foregoing, any financing of accounts receivable or inventory; (j) guarantees of obligations of the type described in the foregoing clauses of any other Person; and (k) accrued interest, prepayment penalties
or premiums, breakage fees and all other amounts owed in respect of any of the foregoing.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.55pt; text-indent:0.95in;text-align:left;'><u><font size=2>"Knowledge of Sellers</font></u><font size=2>" means the current actual knowledge of Alberto Oucinde, Mariano Gonzales, Michael Borom and Eduardo Ojea Quintana obtained in the course of their services described in </font><u><font size=2>Section 2.04,</font></u><font size=2> and for the avoidance of doubt, does not include knowledge imputed to any Seller as an entity (including, without limitation as a result of the control of such entity by Enron or its Affiliates) or any information that such Person did not actually know but should have known under a theory of constructive knowledge by virtue of such Person's office or directorship with respect to TGS or any Seller.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Laws</font></u><font size=2>" means any international, national, federal, state or local law (including common law), statute, constitutional provision, treaty, code, ordinance, rule, regulation, directive, concession, Order or other requirement or guideline of any country or subdivision thereof in which a Person conducts business or operations or of any Governmental or Regulatory Authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Letter Afireement</font></u><font size=2>" means the letter agreement dated December 6,2005 by and among J.P. Morgan Securities Ltd., D. E. Shaw Laminar Portfolios, L.L.C. and Ponderosa Assets, L.P.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:justify;'><font size=2>"</font><u><font size=2>Liabilities</font></u><font size=2>" means all Indebtedness, obligations and other liabilities of a Person (whether absolute, accrued, contingent, fixed or otherwise, or whether due or to become due or asserted or unasserted).</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Licenses</font></u><font size=2>" means all licenses, permits, certificates of authority, authorizations, approvals, registrations, franchises, registrations, variances, certifications and similar consents or rights granted or issued by any Governmental or Regulatory Authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; text-indent:0.96in;text-align:left;'><font size=2>"</font><u><font size=2>Lien</font></u><font size=2>s" means any lien (statutory or otherwise), pledge, mortgage, deed of trust, security interest, charge, option, preemptive right, right of first offer or refusal, put or call right, lease, License, title retention agreement, easement, covenant, condition, restriction, servitude, transfer restriction or encumbrance.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.96in;text-align:left;'><font size=2>"Loss" means any and all damages, fines, Liabilities, obligations, penalties, Taxes, deficiencies, losses and expenses (including, without limitation, interest, court costs, reasonable fees of attorneys, accountants and other experts or other reasonable expenses of</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:left;'><font size=2>litigation, arbitration or other proceedings or of any claim, default or assessment), but not including internal management, administrative, or overhead costs.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.5pt; text-indent:0.95in;text-align:left;'><u><font size=2>"Material Adverse Effect</font></u><font size=2>" means any change, circumstance, condition, development, effect, event, occurrence or state of facts that, individually or in the aggregate, has been, or would reasonably be expected to be, materially adverse to the Business or Condition of TGS or to the ability of Sellers to consummate the transactions contemplated hereby or transfer good, valid and marketable title to the Shares to Purchaser, free and clear of any Liens.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Option Agreement</font></u><font size=2>" means the option agreement dated as of the date hereof by and between Purchaser and EPCA contemplating the right of Purchaser to acquire, and the right of EPCA to cause Purchaser to acquire, 34,133,200 shares of Class B common stock of TGS from EPCA.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Order</font></u><font size=2>" means any writ, judgment, decree, injunction or similar order of any Governmental or Regulatory Authority (in each such case whether preliminary or final).</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.95in;text-align:left;'><u><font size=2>"Person"</font></u><font size=2> means any natural person, corporation, limited liability company, general partnership, limited partnership, proprietorship, unincorporated organization, other business organization, trust, union, association or Governmental or Regulatory Authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.5pt; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Publicly Available Information</font></u><font size=2>" means all information (i) contained in any report, statement, schedule or registration statement filed with the U.S. Securities and Exchange Commission or any other Governmental or Regulatory Authority (including, but not limited to, the Comision National de Valores, Buenos Aires Stock Exchange and the Mercado Abierto Electronico) since July 31,2002 that is readily available to the public as of the date hereof; (ii) contained on TGS' official external website as of the date hereof; or (iii) contained in transcripts or other documents relating to public hearings of UNIREN.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Purchaser Disclosure Schedule</font></u><font size=2>" means the Disclosure Schedule delivered to Sellers by Purchaser on, and which is dated as of, the date hereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Purchaser Indemnified Group</font></u><font size=2>" means Purchaser, its Subsidiaries and their respective Affiliates, together with their successors and permitted assigns, and their officers, directors, employees, agents, advisors, stockholders, partners, members and representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Representatives"</font></u><font size=2> means, with respect to any Person, such Person's counsel, accountants, financial advisors, consultants and other representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.95in;text-align:left;'><u><font size=2>"Securities Act</font></u><font size=2>" means the Securities Act of 1933, as amended, and the rules and regulations promulgated by the U.S. Securities and Exchange Commission from time to time thereunder (or under any successor statute).</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Seller Disclosure Schedule</font></u><font size=2>" means the Disclosure Schedule delivered to Purchaser by Sellers on, and which is dated as of, the date hereof.</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Seller Indemnified Group</font></u><font size=2>" means Sellers and each of their Affiliates, together with their successors and permitted assigns, and their officers, directors, employees, agents, advisors, stockholders, partners, members and representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.96in;text-align:left;'><font size=2>"</font><u><font size=2>Seller's Pro Rata Share</font></u><font size=2>" means the pro rata part of the Purchase Price</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.01in;text-align:left;'><font size=2>corresponding to each Seller's respective holdings in the Shares, as determined by Sellers and set forth on Schedule A.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><u><font size=2>"Subsidiary</font></u><font size=2>" means, with respect to any Person, any other Person of which such Person, directly or indirectly, beneficially owns more than fifty percent (50%) of either the equity interests in, or the voting control of, such other Person.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Taxes</font></u><font size=2>" means all taxes, charges, fees, levies or other assessments, including, without limitation, income, gross receipts, excise, real and personal property, profits, estimated, severance, occupation, production, capital gains, capital stock, goods and services, environmental, employment, withholding, stamp, value added, alternative or add-on minimum, sales, transfer, use, license, payroll and franchise taxes, social security charges, or any other tax, custom, duty or governmental fee, or other like assessment or charge of any kind whatsoever, imposed by Governmental or Regulatory Authorities or a subdivision or agency thereof, and such term shall include any interest, penalties, fines, related liabilities or additions to tax attributable to such taxes, charges, fees, levies or other assessments.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Tax Return</font></u><font size=2>" means any report, return, declaration or other information required to be supplied to any taxing authority in connection with Taxes (including any attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"</font><u><font size=2>Transfer Taxes"</font></u><font size=2> means all sales, use, transfer, securities transaction, real property transfer, reporting, share transfer, and other similar Taxes and fees arising out of or in connection with the transactions effected pursuant to this Agreement, </font><u><font size=2>provided</font></u><font size=2> that such term shall not include any Tax (including any withholding tax) imposed on gain resulting from the sale or other transfer of the Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.01in; text-indent:0.95in;text-align:left;'><font size=2>"UNIREN" means the Unidad de Renegociacidn y Analysis de Contractos y Servicios Piiblicos.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.95in;text-align:left;'><font size=2>(b)      </font><u><font size=2>Construction of Certain Terms and Phrases</font></u><font size=2>. Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii) words using the singular or plural number also include the plural or singular number, respectively; (iii) the terms "hereof," "herein," "hereby" and derivative or similar words refer to this entire Agreement; (iv) the terms "Article" or "Section" refer to the specified Article or Section of this Agreement; (v) "including" means "including, without limitation,"; and (vi) the phrase "ordinary course of business" refers to the Business consistent with past custom and practice. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. All accounting terms used herein and not expressly defined herein shall have the
meanings given to them under GAAP. Any representation or warranty contained herein as to the enforceability of a Contract (including this Agreement) shall be subject to the</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>effect of any bankruptcy, insolvency, reorganization, moratorium or other similar Law affecting the enforcement of creditors' rights generally and to general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:2.44in;text-align:center;'><font SIZE=2>ARTICLE XII MISCELLANEOUS</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.97in;text-align:left;'><font size=2>12.01  </font><u><font size=2>Notices</font></u><font size=2>. All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if delivered personally, by facsimile transmission or other electronic transmission service, or by overnight mail, to the parties at the following addresses or facsimile numbers (or such other address or facsimile number as such party may have specified by notice given to the other parties pursuant to this </font><u><font size=2>Section 12.01)</font></u><font size=2>:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.95in;text-align:left;'><font size=2>If to Purchaser, to:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; margin-left:0.95in;text-align:left;'><font size=2>D. E. Shaw Laminar Emerging Markets, L.L.C.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.97in;text-align:left;'><font size=2>120 West 45<sup>th</sup> Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.94in;text-align:left;'><font size=2>New York, New York 10036</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Facsimile No.: (212) 478-0100</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Attention: General Counsel</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.66in;text-align:left;'><font size=2>Brandon Baer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.67in;text-align:left;'><font size=2>Daniel Posner</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.95in;text-align:left;'><font size=2>with copies to:</font></p>

<p style=' margin-bottom:0pt; margin-top:10.8pt; margin-left:0.95in;text-align:left;'><font size=2>Simpson
  Thacher &amp; Bartlett LLP<br>
  425 Lexington Avenue New <br>
  York, New York 10017 <br>
  Facsimile No.: (212)455-2502 <br>
  Attention: David L. Williams</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.95in;text-align:left;'><font size=2>and</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; margin-left:0.95in;text-align:left;'><font size=2>Bruchou, Fernandez Madero, Lombardi &amp; Mitrani</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Ing. Enrique Butty 275</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>C1001 AFA - Buenos Aires Argentina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Facsimile No.: 54-11-3288-2301</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Attention: Hugo Nicolas Bruzone</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; margin-left:0.95in;text-align:left;'><font size=2>If to Sellers, to:</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.95in;text-align:left;'><font size=2>Enron
  Pipeline Company Argentina S.A. <br>
  Enron Argentina Ciesa Holdings S.A. Enron <br>
  de Inversiones de Energia S.C.A. Don <br>
  Bosco 3672, 6th Floor C1206 ABF - <br>
  Buenos Aires, Argentina </font><font size=2>&nbsp;</font>
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<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.95in;text-align:left;'><font size=2>Fax:(5411)4342-5082 Attention: Eduardo Ojea Quintana</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.95in;text-align:left;'><font size=2>with copies to:</font></p>

<p style=' margin-bottom:0pt; margin-top:13.45pt; margin-left:0.95in;text-align:left;'><font size=2>Shearman
  &amp; Sterling LLP 599 <br>
  Lexington Avenue New York, New <br>
  York 10022 Facsimile No.: (646) <br>
  848-7415 Attention: T. Robert <br>
  Zochowski Jr.</font></p>

<p style=' margin-bottom:0pt; margin-top:10.3pt; margin-left:0.96in;text-align:left;'><font size=2>and</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; margin-left:0.95in;text-align:left;'><font size=2>Gonzalez &amp; Ferraro Mila</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Av. del Libertador 602,8th Floor</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>C1001 ABT - Buenos Aires, Argentina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Fax:(5411)5237-1020</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.95in;text-align:left;'><font size=2>Attention: Mariano P. Gonzalez</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.96in;text-align:left;'><font size=2>12.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Entire Agreement</font></u><font size=2>. This Agreement (including the Seller Disclosure Schedule, the Purchaser Disclosure Schedule and any annexes thereto; the attached exhibits and schedules hereto, if any; and the certificates to be delivered pursuant to the terms hereof), the Option Agreement (for TGS Shares) (including the disclosure schedules, exhibits and schedules thereto, if any; and the certificates to be delivered pursuant to the terms thereof), the Letter Agreement and the indemnification guarantee agreement delivered to Purchaser by Ponderosa as of the date hereof (the </font><b><font size=2>"</font></b><u><b><font size=2>Ponderosa Guarantee</font></b></u><b><font size=2>") </font></b><font size=2>supersede all prior discussions and agreements between the parties with
respect to the subject matter hereof and contain the sole and entire agreement among the parties hereto with respect to the subject matter hereof. No other form of compensation is being exchanged between the parties in conjunction with this Agreement. In addition, to remove any doubt, this Agreement does not include any claim whatsoever to any ICSID Claim, as such exclusion is acknowledged by the Purchaser in Schedule B attached hereto.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.96in;text-align:left;'><font size=2>12.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Expenses</font></u><font size=2>. Except as otherwise expressly provided in this Agreement (including without limitation as provided in </font><u><font size=2>Section 10.02)</font></u><font size=2>, whether or not the transactions contemplated hereby are consummated, each party will pay its own costs and expenses incurred in connection with the negotiation, execution and closing of this Agreement and the transactions contemplated hereby, except (i) those costs of Caja, if any, associated with the transfer of Shares from Sellers to Purchaser through the Global Deposit System of Caja, and (ii) up to $20,000 of those costs associated with the conversion of American Depository Receipts into ordinary shares of Class B TGS common stock prior to Closing, which costs shall be borne by Purchaser. Notwithstanding the
foregoing, Sellers shall timely pay, and shall indemnify and hold harmless Purchaser against, all Transfer Taxes, if any, incurred in connection with the transactions contemplated by this Agreement (regardless of the party upon whom such Transfer Taxes are initially imposed), and the party required by applicable Law will file all necessary Tax Returns and other documentation with respect to all such Transfer Taxes and, if required by applicable Law, the other party will, and will cause their Affiliates to, join in the execution of any such Tax Returns and other documentation. The expense of such filings shall be paid by Sellers.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.97in;text-align:left;'><font size=2>12.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Public Announcements</font></u><font size=2>. At all times at or before the Closing, neither Sellers nor Purchaser shall, and Sellers and Purchaser shall use their respective reasonable commercial efforts to cause TGS not to, issue or make any reports, statements or releases to the public with respect to this Agreement or the transactions contemplated hereby without the prior written consent of the other party, which consent shall not be unreasonably withheld, conditioned or delayed. If any party is unable to obtain the approval of its public report, statement or release </font></p>
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<p style=' margin-bottom:0pt; margin-top:12.25pt;text-align:left;'><font size=2>from the other parties and such report, statement or release is, in the opinion of legal counsel to such party, required by Law in order to discharge such party's disclosure obligations, then such party may make or issue the legally required report, statement or release and promptly furnish the other party with a copy thereof. Sellers and Purchaser will also obtain the other party's prior approval of any press release to be issued following the Closing announcing the consummation of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.97in;text-align:left;'><font size=2>12.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Waiver</font></u><font size=2>. At any time prior to the Closing Date, the parties may, at their sole discretion, (a) extend the time for the performance of any of the obligations or other acts of the parties, (b) waive any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto or (c) waive compliance with any of the agreements or conditions contained herein, to the extent permitted by applicable Law. Any agreement on the part of a party hereto to any such extension or waiver will be valid only if set forth in a writing signed on behalf of such party. No waiver by any party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent
default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any such prior or subsequent occurrence.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.97in;text-align:left;'><font size=2>12.6</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Amendment</font></u><font size=2>. This Agreement may be amended, supplemented or modified, and any provision hereof may be waived, only pursuant to a written instrument making specific reference hereto and duly executed by or on behalf of each party hereto.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.05pt; text-indent:0.97in;text-align:left;'><font size=2>12.7</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Third Party Beneficiary</font></u><font size=2>. The terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective successors or permitted assigns, and it is not the intention of the parties to confer third party beneficiary rights upon any other Person.</font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.97in;text-align:left;'><font size=2>12.8</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Assignment; Binding Effect</font></u><font size=2>. Neither this Agreement nor any right, interest or obligation hereunder may be assigned by any party hereto without the prior written consent of the other parties hereto given at their discretion and any attempt to do so will be void; </font><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however,</font></u><font size=2> that Purchaser may assign its rights and obligations hereunder to any Affiliate and may assign a proportionate share of its rights (relative to Shares transferred) under </font><u><font size=2>Article IX</font></u><font size=2> hereunder to any Affiliate of J.P. Morgan Securities Ltd. to which Purchaser transfers (in the name of a nominee or directly) any portion of the Shares. Subject to the
preceding sentence, this Agreement is binding upon, inures to the benefit of, and is enforceable by, the parties hereto and their respective successors and permitted assigns. </font></p>

<p style=' margin-bottom:0pt; margin-top:12.25pt; text-indent:0.97in;text-align:left;'><font size=2>12.9</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Enforcement of Agreement</font></u><font size=2>. The parties hereto agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy would occur in the event that any provision of this Agreement (including the failure by any party to take such actions as are required of it hereunder to consummate this Agreement) was not performed in accordance with its specified terms or was otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of competent jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.98in;text-align:left;'><font size=2>12.10</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Headings</font></u><font size=2>.
  The headings used in this Agreement have been inserted for convenience of reference
  only and do not define or limit the provisions hereof</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.05pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.11</font></p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Governing Law: Consent to Jurisdiction</font></u><font size=2>.</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:11.5pt;margin-bottom:0pt;line-height:145.26%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>(a)</font></p> </td>
        <td width="473" nowrap valign=top style='padding:11.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>This Agreement shall be governed by and construed in accordance with the</font></p> </td> </tr></table>
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  <font size=2>Laws of the State of New York applicable to a Contract executed
  and performed in such jurisdiction, without giving effect to the conflicts of
  laws principles thereof.</font></div>
<p style=' margin-bottom:0pt; margin-top:11.3pt; text-indent:0.97in;text-align:left;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Sellers and Purchaser hereby irrevocably consent that any legal Action or Proceeding against any party or any of its assets with respect to this Agreement may be brought in any jurisdiction where any of the other parties or any of its assets may be found, or in any court of the State of New York or any Federal court of the United States of America located in New York, New York, in the Borough of Manhattan, as the party commencing the suit may elect, and by execution and delivery of this Agreement each party hereby irrevocably submits to and accepts with regard to any such Action or Proceeding, for itself and in respect of its assets, generally and unconditionally, the jurisdiction of the aforesaid courts. Sellers hereby irrevocably designates, appoints and empowers Citibank, N.A. at its principal office at
21 st Floor, 388 Greenwich St, New York, New York 10013, Attention: Trevor Houston, Vice-President, as its authorized agent for service of process in the State of New York in any suit or proceeding with respect to this Agreement. A copy of any such process served on such agent shall be promptly forwarded by airmail by the Person commencing such proceeding to the relevant party at its address set forth in </font><u><font size=2>Section 12.01</font></u><font size=2> hereof, but the failure of such party to receive such copies shall not affect in any way the service of such process as aforesaid. The parties further irrevocably consent to the service of process out of any of the aforementioned courts in any such Action or Proceeding by the mailing of copies thereof by registered or certified airmail, postage prepaid, to Sellers or Purchaser at their respective addresses set forth in </font><u><font size=2>Section 12.01</font></u><font size=2>. The foregoing, however, shall not limit the
rights of either party to serve process in any other manner permitted by Law or to bring any legal Action or Proceeding or to obtain execution of judgment in any jurisdiction. The parties further agree that final judgment against any party in any legal Action or Proceeding in connection with this Agreement shall be conclusive and may be enforced in any other jurisdiction within or outside the United States of America by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and the amount of such party's indebtedness. Each Seller and Purchaser hereby irrevocably waives, to the fullest extent permitted by Law, any objection which it may now or hereafter have to the laying of venue of any Action or Proceeding arising out of or relating to this Agreement brought in the State of New York, and hereby further irrevocably waives any claim that any such Action or Proceeding brought in the State of New York has been brought in an inconvenient forum. To the
extent that any Seller or Purchaser may, in any jurisdiction in which proceedings may occur, at any time be taken for the determination of any question arising under or for the enforcement of this Agreement be entitled to claim or otherwise be accorded for itself or its property, assets or revenues immunity from suit or attachment (whether in aid of execution, before judgment or otherwise) or other legal process, and to the extent that in any such jurisdiction, there may be attributed to it, or its property, assets or revenues such immunity (whether or not claimed), each Seller and Purchaser hereby irrevocably agrees not to make such claim and waives such immunity to the fullest extent permitted by the Laws of such jurisdiction,</font></p>

<p style=' margin-bottom:0pt; margin-top:11.5pt; text-indent:0.97in;text-align:left;'><font size=2>12.12</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Invalid Provisions</font></u><font size=2>. If any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future Law, and if the rights or obligations of any party hereto under this Agreement will not be materially and adversely affected thereby, (a) such provision will be fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, and (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom.</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.97in;text-align:left;'><font size=2>12.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Counterparts</font></u><font size=2>. This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.88in;text-align:left;'><font size=2>IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by or on behalf of each party hereto as of the date first above written.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.88in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.88in;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font SIZE=2>D. E. SHAW LAMINAR EMERGING MARKETS, L.L.C.</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>Name:    Daniel Posner</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>Title:  &nbsp;&nbsp;&nbsp; Authorized Signatory</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font SIZE=2>ENRON PIPELINE COMPANY ARGENTINA S.A.</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;______________________</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>Name:   Eduardo Ojea Quintana </font><br> <font size=2>Title:     President</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font SIZE=2>ENRON ARGENTINA CIESA HOLDINGS S.A.</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;______________________</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>Name:   Eduardo Ojea Quintana </font><br> <font size=2>Title:     President</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font SIZE=2>ENRON DE INVERSIONES DE ENERGIA S.C.A.</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;______________________</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=2>Name:   Eduardo Ojea Quintana </font><br> <font size=2>Title:     President</font></p> </td> </tr>
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        <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
        <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.88in;text-align:center;'><i><font size=2>[Signature
  Page to Share Purchase Agreement]<br>
  <br>
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  </font></i></p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=1>ND.CE TEC : 342 6655</font></B></p> </td>
        <td width="147" nowrap valign=top style='padding:.5pt 0in 0in 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=1>19 </font></b></i><b><font size=1>BC 208G &amp;?:Z3&#62;M P3</font></b></p> </td> </tr></table>
  <br>
  <br>
</div>

<p style=' margin-bottom:0pt; margin-top:46.1pt; margin-left:0.7in; text-indent:0.53in;text-align:left;'><b><font size=2>IN
  WITNESS WHEREOF, ibis Agmemem has been duly executed and delivered by or on
  behalf ar each party hereto an of the date first above written.<br>
  <br>
  </font></b></p>
<table border="0" cellspacing=0 cellpadding=0 width="90%" style='border-collapse:collapse'>
  <tr >
    <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><b><font size=2>D.
        &amp; SHAW LAMINAR EMERGING MARKETS, L.L.C</font></b></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2">By:,</font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NMW;</font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:</font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
      &nbsp;Eduwdo</font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:&nbsp;&nbsp;&nbsp;&nbsp;President</font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>&nbsp;</td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'><font size="2"><b>ENRON
      PIPELINE COMPA NY ARGENTINA SA</b></font></td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt' height="51">
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt' height="51">
      <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'>&nbsp;</p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><img src="img2.gif"></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;<img src="img3.gif"></font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'>&nbsp;</p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
  <tr >
    <td width="261" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
    <td width="377" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:126.9%'><font size=1>&nbsp;</font></p>
    </td>
  </tr>
</table>
<p style=' margin-bottom:0pt; margin-top:46.1pt; margin-left:0.7in; text-indent:0.53in;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:19.7pt; margin-top:7.45pt; margin-left:2.93in;text-align:left;'><b></b></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
  <!-- EEDocs PBStart-->
</p>

<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.25in;text-align:left;'><U><B><font SIZE=2>SCHEDULE A</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:15.85pt;text-align:center;'><u><b></b></u></p>

<p style=' margin-bottom:32.15pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="599" style='margin-left:2.0pt;border-collapse:collapse'>
    <tr style='height:31.6pt'>
      <td colspan="4" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>
        <div align="center"><u><b><font size=2>Allocation of Proceeds</font></b></u></div>
      </td>
    </tr>
    <tr style='height:31.6pt'>
      <td width="103" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>&nbsp;</td>
      <td width="141" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
      <td width="135" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
      <td width="220" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
    </tr>
    <tr style='height:31.6pt'>
      <td width="103" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal
          Entity</font></p>
      </td>
      <td width="141" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>TGS
          Shares to be Transferred</font></p>
      </td>
      <td width="135" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>USD
          to be Received</font></p>
      </td>
      <td width="220" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Bank
          Account Information</font></p>
      </td>
    </tr>
    <tr style='height:53.75pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EPCA</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>35,886,776</font></p>
      </td>
      <td width="135" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$34,061,304.59</font></p>
      </td>
      <td width="220" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>CITIBANK
          N.A. New York, NY Account # 36838761</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Routing:
          #021000089</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:55.2pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:.5pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EACH</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>24,339,676</font></p>
      </td>
      <td width="135" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$23,091,715.09</font></p>
      </td>
      <td width="220" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>CITIBANK
          N.A. New York, NY Account #36839131</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>Routing:
          # 021000089</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:54.25pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EDIDESCA</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>60,566,952</font></p>
      </td>
      <td width="135" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$57,461,520.82</font></p>
      </td>
      <td width="220" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>CITIBANK
          N.A. New York, NY Account #36839158</font></p>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>Routing:
          #021000089</font></p>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:27.35pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>TOTAL</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><b><font size=2>120,793,404</font></b></p>
      </td>
      <td width="135" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$114,614,540.50</font></p>
      </td>
      <td width="220" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.25in;text-align:left;'>
<U><B><font SIZE=2>SCHEDULE A</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:15.85pt;text-align:center;'><u><b></b></u></p>

<p style=' margin-bottom:32.15pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="599" style='margin-left:2.0pt;border-collapse:collapse'>
    <tr style='height:31.6pt'>
      <td colspan="4" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>
        <div align="center"><u><b><font size=2>Allocation of Proceeds</font></b></u></div>
      </td>
    </tr>
    <tr style='height:31.6pt'>
      <td width="103" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>&nbsp;</td>
      <td width="141" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
      <td width="151" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
      <td width="204" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>&nbsp;</td>
    </tr>
    <tr style='height:31.6pt'>
      <td width="103" style='border:solid black 1.0pt;background:white;padding:0in 2.0pt 0in 2.0pt; height:31.6pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal
          Entity</font></p>
      </td>
      <td width="141" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>TGS
          Shares to be Transferred</font></p>
      </td>
      <td width="151" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>USD
          to be Received</font></p>
      </td>
      <td width="204" style='border:solid black 1.0pt;border-left: none; background:white;padding:0in 2.0pt 0in 2.0pt;height:31.6pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Bank
          Account Information</font></p>
      </td>
    </tr>
    <tr style='height:53.75pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EPCA</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>35,886,776</font></p>
      </td>
      <td width="151" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$34,046,764.09</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fee&nbsp;&nbsp;
          &nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp; &nbsp; 14,540.50</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>--------------------------------</font></p>
        <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$34,061,304.59</font></p>
      </td>
      <td width="204" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:53.75pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>CITIBANK
          N.A. New York, NY Account # 36838761</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Routing:
          #021000089</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:139.86%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:55.2pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:.5pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EACH</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>24,339,676</font></p>
      </td>
      <td width="151" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$23,091,715.09</font></p>
      </td>
      <td width="204" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:55.2pt'>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>CITIBANK
          N.A. New York, NY Account #36839131</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>Routing:
          # 021000089</font></p>
        <p style='margin-left:0pt;text-indent:.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:147.96%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:54.25pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:.25pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EDIDESCA</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>60,566,952</font></p>
      </td>
      <td width="151" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$57,461,520.82</font></p>
      </td>
      <td width="204" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:54.25pt'>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>CITIBANK
          N.A. New York, NY Account #36839158</font></p>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>Routing:
          #021000089</font></p>
        <p style='margin-left:0pt;text-indent:.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:142.56%'><font size=2>Swift:
          CITIUS33</font></p>
      </td>
    </tr>
    <tr style='height:27.35pt'>
      <td width="103" valign=top style='border:solid black 1.0pt; border-top:none;background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>TOTAL</font></p>
      </td>
      <td width="141" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><b><font size=2>120,793,404</font></b></p>
      </td>
      <td width="151" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$114,614,540.50</font></p>
      </td>
      <td width="204" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  background:white;padding:0in 2.0pt 0in 2.0pt; height:27.35pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
      </td>
    </tr>
  </table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:right;'><u><b><font size=2>SCHEDULE
  B </font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:left;'>&nbsp;</p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.63in; text-indent:2.55in;text-align:center;' align="center"><u><b><font size=2>ICSID
  Claims <br>
  <br>
  </font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:11.3pt;text-align:justify;'><font size=2>Purchaser acknowledges that it is not the intention of the parties for the ICSID Claims to be transferred to Purchaser as part of the sale of the Shares. Purchaser also acknowledges that Ponderosa will continue, following the sale of the Shares to Purchaser, to pursue the ICSID Claims and that Ponderosa's investment in TGS is the subject matter of the ICSID Claims.</font></p>

<p style=' margin-bottom:0pt; margin-top:13.7pt;text-align:justify;'><font size=2>Purchaser confirms that it does not assert any rights with respect to the ICSID Claims and hereby irrevocably and unconditionally waives any right or claim whatsoever that it may have by virtue of acquiring the Shares to any rights, privileges and future awards with respect to and/or arising from the ICSID Claims.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="90%" style='border-collapse:collapse; '>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>EXECUTION COPY</font></B></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CONFIDENTIAL</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

      <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>SELLER
          DISCLOSURE SCHEDULE</font></B> <br>
          <br>
        </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>TO SHARE PURCHASE AGREEMENT</font></B></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>________________________________________________</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

      <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>dated
          as of January 18,2006</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>by
          and among D,, E. Shaw Laminar Emerging Markets, L.L.C.,</font></b><br>
          <br>
          <b><font size=2> as Purchaser,</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>and</font></b>
          <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          Pipeline Company Argentina S.A.</font></b> <br>
          <br>
        </p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          Argentina Ciesa Holdings S.A., and</font></b> <br>
          <br>
        </p>
        <p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron
          de Inversiones de Energia S.C</font></b><font size=2>.A.,</font> <br>
          <br>
        </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>as Sellers</font></b></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>________________________________________________</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>INTRODUCTION</font></p>

<p style=' margin-bottom:0pt; margin-top:11.75pt; text-indent:0.47in;text-align:left;'><font size=2>This Disclosure Schedule (the </font><u><font size=2>"Seller Disclosure Schedule</font></u><font size=2>") is being delivered by Enron Pipeline Company Argentina S.A., Enron Argentina Ciesa Holdings S.A. and Enron de Inversiones de Energia S.C.A. (together, "</font><u><font size=2>Sellers</font></u><font size=2>") in connection with the execution and delivery of the Share Purchase Agreement (the "</font><u><font size=2>Agreement</font></u><font size=2>"), dated as of January 18,2006, by and among D. E. Shaw Laminar Emerging Markets, L.L.C. and Sellers. Unless the context otherwise requires, all capitalized terms used herein shall have the meaning ascribed to them in the Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.47in;text-align:left;'><font size=2>The introductory language hereto and the heading to each section are inserted for convenience only and shall not create a different standard for disclosure than the language set forth in the Agreement.</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.24in;text-align:left;'><font size=2>SECTION 2.03(b) Filings</font></p>

<p style=' margin-bottom:0pt; margin-top:26.65pt; margin-left:0.01in;text-align:left;'><font size=2>Pursuant to the CNV public offering transparency rules (the "Rules") Sellers shall serve notice and perform the following filings:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="46" valign=top style='padding:13.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>a.</font></p> </td>
        <td  valign=top style='padding:13.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>Notice to the CNV informing of the execution of the Agreement immediately following the signing.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="46" valign=top style='padding:12.95pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>b.</font></p> </td>
        <td  valign=top style='padding:12.95pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>Filing with the CNV immediately following the Closing pursuant to Section 12 of the Rules.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="46" valign=top style='padding:12.7pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:123.12%'><font size=2>c.</font></p> </td>
        <td  valign=top style='padding:12.7pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:123.12%'><font size=2>Filing with the Buenos Aires Stock Exchange immediately following the Closing which shall be published in its bulletin pursuant to Section 12 of the Rules.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:14.65pt;text-align:left;'><font size=2>These notices and filings are required by the CNV exclusively in connection with transparency rules and are not a condition in order to consummate or perfect the transactions under the Agreement.</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><u><b><font size=2>SECTION 6.06 Consent</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:12.95pt;text-align:left;'><font size=2>Consent of the Overseas Private Investment Corporation</font></p>

<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="90%" style='border-collapse:collapse; '>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>EXECUTION COPY</font></B></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CONFIDENTIAL</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PURCHASER DISCLOSURE SCHEDULE</font></B>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>TO SHARE PURCHASE AGREEMENT</font></B></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>________________________________________________</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>dated as of January 18,2006</font></b>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>by and among D,, E. Shaw Laminar Emerging Markets, L.L.C.,</font></b><br> <br> <b><font size=2> as Purchaser,</font></b>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>and</font></b>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron Pipeline Company Argentina S.A.</font></b>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron Argentina Ciesa Holdings S.A., and</font></b>  </p>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Enron de Inversiones de Energia S.C</font></b><font size=2>.A.,</font>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=2>as Sellers</font></b></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>________________________________________________</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="602" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.05in;text-align:center;'><font SIZE=2>INTRODUCTION</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.47in;text-align:left;'><font size=2>This Disclosure Schedule (the "</font><u><font size=2>Purchaser Disclosure Schedule</font></u><font size=2>") is being delivered by D. E. Shaw Laminar Emerging Markets, L.L.C. ("</font><u><font size=2>Purchaser"</font></u><font size=2>') in connection with the execution and delivery of the Share Purchase Agreement (the "</font><u><font size=2>Agreement</font></u><font size=2>"), dated as of January 18,2006, by and among Purchaser, Enron Pipeline Company Argentina S.A., Enron Argentina Ciesa Holdings S.A. and Enron de Inversiones de Energia S.C.A. Unless the context otherwise requires, all capitalized terms used herein shall have the meaning ascribed to them in the Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; text-indent:0.47in;text-align:left;'><font size=2>The introductory language hereto and the heading to each section are inserted for convenience only and shall not create a different standard for disclosure than the language set forth in the Agreement.</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.14in;text-align:center;'><u><b><font size=2>SECTION 3.03(b) Filings</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>Pursuant to the CNV public offering transparency rules (the "Rules") Purchaser shall serve notice and perform the following filings:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="45" valign=top style='padding:12.95pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>a.</font></p> </td>
        <td  valign=top style='padding:12.95pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:120.96%'><font size=2>Notice to the CNV informing of the execution of the Agreement immediately following the signing.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="45" valign=top style='padding:13.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>b.</font></p> </td>
        <td  valign=top style='padding:13.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:115.56%'><font size=2>Filing with the CNV immediately following the Closing pursuant to Section 12 of the Rules.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="45" valign=top style='padding:12.7pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:124.2%'><font size=2>c.</font></p> </td>
        <td  valign=top style='padding:12.7pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:124.2%'><font size=2>Filing with the Buenos Aires Stock Exchange immediately following the Closing which shall be published in its bulletin pursuant to Section 12 of the Rules.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:13.2pt;text-align:left;'><font size=2>These notices and filings are required by the CNV exclusively in connection with transparency rules and are not a condition in order to consummate or perfect the transactions under the Agreement.</font></p>
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<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.03in;text-align:center;'><u><font size=2>SECTION 6.07 Legal Opinions</font></u></p>

<p style=' margin-bottom:0pt; margin-top:12.7pt;text-align:left;'><font size=2>Attached hereto is a form of legal opinion from Gonzalez &amp; Ferraro Mila, Argentine legal counsel to Sellers</font></p>

<p style=' margin-bottom:0pt; margin-top:13.45pt;text-align:left;'><font size=2>Attached hereto is a form of legal opinion from Potter Anderson &amp; Corroon LLP, Delaware legal counsel to Ponderosa</font></p>

<p style=' margin-bottom:0pt; margin-top:13.45pt;text-align:left;'><font size=2>Attached hereto is a form of legal opinion from Shearman &amp; Sterling LLP, United States legal counsel to Sellers and Ponderosa</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>9
<FILENAME>exhibit5.htm
<DESCRIPTION>CALL OPTION AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'><U><B><font SIZE=2><a name="ex5"></a>EXECUTION
  COPY</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;border-top:solid 0.5pt;padding-top:1;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CALL OPTION AGREEMENT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>dated as of March 28, 2006</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>by and between</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>J.P. Morgan Securities Ltd., as Purchaser,</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>and</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>D. E. Shaw Laminar Emerging Markets, L.L.C., as Seller</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;border-top:solid 0.5pt;padding-top:1;'><font size=2>&nbsp;</font></p><!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><u><b><font size=2><A NAME="TOCHEADING"></A>TABLE
  OF CONTENTS</font></b></u></p>
<div align=left>
  <table border="0" cellspacing=0 cellpadding=0 width="637" style='border-collapse:collapse'>
    <tr >
      <td width="48" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
      <td width="515" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
      <td width="66" nowrap valign=top >
        <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Page</font></p>
        <p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'><u><font size=2>&nbsp;&nbsp;No.</font></u></p>
        </td>
    </tr>
  </table>
</div>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'>&nbsp;</p>
<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE
  I</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>CALL OPTION; CLOSINGS</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Call Option</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.03</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing Deliverables</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.04</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Purchase Price</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.05</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Further Assurances</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE II</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF SELLER</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Organization; Qualification; Power and Authority; Title</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Execution and Delivery</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.03</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Conflicts</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.04</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal Proceedings</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.05</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Brokers</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.06</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Securities Law Matters</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE III</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF PURCHASER</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Organization, Qualification, Power and Authority</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Execution and Delivery</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.03</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Conflicts</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.04</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal Proceedings</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.05</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Brokers</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.06</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Securities Law Matters</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE IV</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>COVENANTS OF SELLER</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Regulatory and Other Approvals</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fulfillment of Conditions</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.03</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Assignment of Indemnity Rights</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.04</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Existence of the Pledge</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE V</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>COVENANTS OF PURCHASER</font></p>


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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Regulatory and Other Approvals</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fulfillment of Conditions</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.03</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Securities Restrictions</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'>
<font SIZE=2>ARTICLE VI</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>CONDITIONS TO OBLIGATIONS OF PURCHASER</font></p>


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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.01</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Representations and Warranties</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="644" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.02</font></p> </td>
        <td width="569" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Performance</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="645" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.03</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Officer&#146;s Certificates</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.04</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Laws</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.05</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governmental or Regulatory Consents and Approvals</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.06</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Pledge Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="645" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.07</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Transfer of Shares</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE VII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>CONDITIONS TO OBLIGATIONS OF SELLER</font></p>


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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Representations and Warranties</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10</font></p> </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.02</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Performance</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="645" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.03</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Officer&#146;s Certificate</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.04</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Laws</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="645" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7.05</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governmental or Regulatory Consents and Approvals</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE VIII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>SURVIVAL; NO OTHER REPRESENTATIONS OR WARRANTIES</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Survival of Representations and Warranties</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8.02</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Other Representations or Warranties</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE IX</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>INDEMNIFICATION; LOSS SHARING</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnification</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.02</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Method of Asserting Claims</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>13</font></p> </td> </tr></table>
</div>



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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.03</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exclusivity</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>14</font></p> </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.04</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Consequential or Punitive Damages</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>14</font></p> </td> </tr></table>
</div>



<div align=left>

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    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.05</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Currency</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>15</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE X</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>TERMINATION</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Termination</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>15</font></p> </td> </tr></table>
</div>



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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>10.02</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Effect of Termination</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>15</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE XI</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>DEFINITIONS</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Definitions</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>15</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font SIZE=2>ARTICLE XII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>MISCELLANEOUS</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.01</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Notices</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>17</font></p> </td> </tr></table>
</div>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.02</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Entire Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>18</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.03</font></p>
      </td>
      <td width="563" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Expenses</font></p>
      </td>
      <td width="35" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>18</font></p>
      </td>
    </tr>
  </table>
</div>
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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.04</font></p>
      </td>
      <td width="563" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Public
          Announcements</font></p>
      </td>
      <td width="35" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>18</font></p>
      </td>
    </tr>
  </table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.05</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Waiver</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>18</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.06</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Amendment</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.07</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Third Party Beneficiary</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
</div>



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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.08</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Assignment; Binding Effect</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.09</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enforcement of Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
</div>



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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.10</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Headings</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
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        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.11</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governing Law; Consent to Jurisdiction</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19</font></p> </td> </tr></table>
</div>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.12</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Invalid Provisions</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>20</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.13</font></p> </td>
        <td width="563" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Counterparts</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>20</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>INDEX OF DEFINED TERMS</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'>&nbsp;</p>

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        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
      <td width="515" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td>
      <td width="73" nowrap valign=top >
        <p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Page</font></p>
        <p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'><u><font size=2>&nbsp;&nbsp;No.</font></u></p>
      </td>
    </tr>
  </table>
</div>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:right;'>&nbsp;</p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Applicable Purchase Price</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Caja</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Call Option</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Call Option Notice</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Claim Notice</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing Date</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EACH</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EDIDESCA</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Enron Entities</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>EPCA</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnification Limit</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>14</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnified Party</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>13</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Indemnifying Party</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>13</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Institutional Accredited Investor</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>JP Morgan Letter Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Material Adverse Effect</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Option Agreement</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Option Period</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Option Shares</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Per Share Acquisition Price</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ponderosa Guarantee</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Purchaser Disclosure Schedule</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Purchaser Documents</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Seller Disclosure Schedule</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Seller Indemnified Group</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>17</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Shares</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Threshold Amount</font></p> </td>
        <td width="35" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12</font></p> </td> </tr></table>
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          <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Transfer
            Taxes</font></p>
        </td>
        <td width="35" nowrap valign=top >
          <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>17</font></p>
        </td>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>This CALL OPTION AGREEMENT dated as of March 28, 2006 is made and entered into by and among J.P. Morgan Securities Ltd., a company with limited liability organized under the laws of England (&#147;</font><u><b><font size=2>Purchaser</font></b></u><font size=2>&#148;) and D. E. Shaw Laminar Emerging Markets, L.L.C., a Delaware limited liability company (&#147;</font><u><b><font size=2>Seller</font></b></u><font size=2>&#148; and together with Purchaser, the &#147;</font><u><b><font size=2>Parties</font></b></u><font size=2>&#148;).  Capitalized terms not otherwise defined herein shall have the meanings set forth in </font><u><font size=2>Section 11.01</font></u><font size=2>.   </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>WHEREAS, Seller has entered into a share purchase agreement with Enron Pipeline Company Argentina S.A., an Argentine corporation (</font><i><font size=2>sociedad an&#243;nima)</font></i><font size=2> (&#147;</font><U><B><font SIZE=2>EPCA</font></B></U><font size=2>&#148;), Enron Argentina Ciesa Holdings S.A., an Argentine corporation (</font><i><font size=2>sociedad an&#243;nima)</font></i><font size=2> (&#147;</font><U><B><font SIZE=2>EACH</font></B></U><font size=2>&#148;), Enron de Inversiones de Energia S.C.A., an Argentine corporation  (</font><i><font size=2>sociedad en comandita por acciones)</font></i><font size=2> (&#147;</font><U><B><font SIZE=2>EDIDESCA</font></B></U><font size=2>&#148; together with EPCA and EACH, the &#147;</font><u><b><font size=2>Enron Entities</font></b></u><font size=2>&#148;), pursuant to which Seller has purchased from the Enron Entities 120,793,404 shares
of Class B common stock, par value 1 Argentine Peso per share (the &#147;</font><u><b><font size=2>Shares</font></b></u><font size=2>&#148;), of Transportadora de Gas del Sur S.A., an Argentine corporation (</font><i><font size=2>sociedad an&#243;nima</font></i><font size=2>)  (&#147;</font><U><B><font SIZE=2>TGS</font></B></U><font size=2>&#148;), representing 15.2% of the outstanding shares of capital stock of TGS (the &#147;</font><u><b><font size=2>Share Purchase Agreement</font></b></u><font size=2>&#148;);</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>WHEREAS, Purchaser desires to obtain, and Seller desires to grant to Purchaser, the right to purchase from Seller up to 50% of the Shares (&#147;</font><u><b><font size=2>Option Shares</font></b></u><font size=2>&#148;) at Purchaser&#146;s option commencing on the date hereof; </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>WHEREAS, in order to guarantee Seller&#146;s fulfillment of its obligations hereunder in due time and manner, in particular with respect to its obligation to sell the Option Shares to Purchaser in accordance with the terms hereof, Seller grants in favor of Purchaser a first rank security interest over the Option Shares (the </font><b><font size=2>&#147;</font></b><u><b><font size=2>Pledge</font></b></u><b><font size=2>&#148;</font></b><font size=2>) commencing on the date hereof until the expiration of the Option Period (as defined in Section 1.01(a)) or until such time that Purchaser has purchased all of the Option Shares, whichever is sooner, in accordance with the terms of the </font><i><font size=2>Contracto de Prenda de Acciones</font></i><font size=2> (the &#147;</font><u><b><font size=2>Pledge Agreement</font></b></u><font size=2>&#148;) attached hereto as </font><u><font
size=2>Exhibit A</font></u><font size=2> and executed as of the date hereof; and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>WHEREAS, the Parties desire to enter into the transactions contemplated hereby on the terms and subject to the conditions set forth in this Agreement;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE I</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>CALL OPTION; CLOSINGS</font></p>


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            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.01</font></p> </td>
        <td width="99" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Call Option.  &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>On
  the terms and subject to the conditions set forth herein, Seller hereby grants
  to Purchaser an irrevocable option (the &#147;</font><u><b><font size=2>Call
  Option</font></b></u><font size=2>&#148;) exercisable from time to time at any
  time during the period starting on the date hereof and ending on July 27, 2006
  (the &#147;</font><u><b><font size=2>Option Period</font></b></u><font size=2>&#148;)
  to purchase (and upon exercise of the Call Option in accordance herewith, Seller
  irrevocably agrees to sell) all or any portion of the Option Shares specified
  by Purchaser, free and clear of any Lien, from Seller for an aggregate purchase
  price in respect of such Option </font><font size=2>Shares equal to the Applicable
  Purchase Price in respect of such Option Shares. The Call Option shall be exercisable
  at any time from time to time during the Option Period, but prior to any termination
  pursuant to </font><u><font size=2>Article X</font></u><font size=2> hereof,
  by delivery of written notice of such exercise to Seller (the &#147;</font><u><b><font size=2>Call
  Option Notice</font></b></u><font size=2>&#148;), which notice shall specify
  an effective date for such Call Option that is at least 10 Business Days and
  not more than 20 Business Days after the date of such Call Option Notice.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Upon the exercise of the Call Option, at the Closing Seller shall sell to Purchaser, and Purchaser shall purchase from Seller, all of the rights, title and interest of Seller in and to the number of Option Shares specified in the applicable Call Option Notice, free and clear from any Lien, on the terms and subject to the conditions set forth in this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>The Call Option may be exercised by Purchaser on one or any number of occasions, for an aggregate number of Shares not in excess of the total number of Option Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>1.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Closing.</font></u><font size=2>
  Unless this Agreement shall have been terminated and the transactions herein
  contemplated shall have been abandoned pursuant to Article X, and, subject to
  the satisfaction or waiver of the conditions set forth in Articles VI and VII,
  the Closing in respect of each exercise of the Call Option will take place at
  such place and time as Purchaser and Seller mutually agree, on the applicable
  Closing Date.</font></p>


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            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.03</font></p> </td>
        <td width="157" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Closing Deliverables.</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>At each applicable Closing, Seller shall deliver or cause to be delivered to Purchaser the following:</font></p>


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        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='margin-left:0in;text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(i)</font></p> </td>
        <td width="337" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>the certificate contemplated by </font><u><font size=2>Section 6.03</font></u><font size=2>; </font></p> </td> </tr></table>
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<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>evidence reasonably satisfactory to Purchaser that the applicable number of Option Shares specified in the applicable Call Option Notice have been deposited in the account designated by Purchaser at least two Business Days prior to Closing in the Global Deposit System of Caja de Valores S.A. (&#147;</font><u><b><font size=2>Caja</font></b></u><font size=2>&#148;);  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(iii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>if any, evidence of all consents, waivers, approvals, Orders, Licenses, authorizations, declarations, filings, notifications and reports contemplated by </font><u><font size=2>Section 6.05</font></u><font size=2>; and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(iv)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>all other documents required to be delivered by Seller on or prior to the Closing Date pursuant to this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>At each applicable Closing, Purchaser shall deliver or cause to be delivered to or for the account of Seller the following:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(i)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>the Applicable Purchase Price in respect of the number of Option Shares subject to the applicable Call Option Notice as provided in </font><u><font size=2>Section 1.04</font></u><font size=2>;</font></p>


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        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='margin-left:0in;text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(ii)</font></p> </td>
        <td width="364" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>the certificate contemplated by </font><u><font size=2>Section 7.03</font></u><font size=2>; and</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(iii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>all other documents required to be delivered by Purchaser on or prior to the Closing Date pursuant to this Agreement.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="261" style='border-collapse:collapse'>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.04</font></p> </td>
        <td width="117" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Purchase Price. &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)
  In consideration of the Call Option, on the date hereof, Purchaser will pay
  $1,691,108.00, in immediately available funds, to be wired to an account in
  New York, New York designated by Seller at least two Business Days prior to
  the date such payment is due.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)
  At each Closing, Purchaser will pay the Applicable Purchase Price in respect
  of the number of Option Shares subject to the applicable Call Option Notice,
  in immediately available funds, to be wired to an account in New York, New York
  designated by Seller at least two Business Days prior to the Closing Date. As
  used herein, the &#147;</font><u><b><font size=2>Per Share Purchase Price</font></b></u><font size=2>&#148;
  shall mean an amount equal to the applicable Per Share Acquisition Price. As
  used herein, the &#147;</font><u><b><font size=2>Applicable Purchase Price</font></b></u><font size=2>&#148;
  shall mean the amount equal to the applicable Per Share Purchase Price multiplied
  by the number of Option Shares purchased by Purchaser in the applicable Call
  Option exercise.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>1.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Further Assurances</font></u><font size=2>.  At any time or from time to time after the Closing, each of the Parties hereto shall, at the expense of the Party making such request, execute and deliver such other documents and instruments, provide such materials and information and take such other actions as may reasonably be necessary, proper or advisable, to the extent permitted by Law, to fulfill its obligations under, and give effect to the transactions contemplated by, this Agreement, including causing the good, valid and marketable title in the Option Shares subject to a Call Option exercise to vest in the name of Purchaser and causing the Pledge to be duly effected and recorded with the appropriate governmental authorities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE II</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF SELLER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>Seller hereby represents and warrants to Purchaser as of the date hereof and as of the Closing Date as follows:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="621" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.01</font></p> </td>
        <td width="477" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization; Qualification; Power and Authority; Title.  &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Seller is a limited liability company validly existing and in good standing under the Laws of Delaware and has full limited liability company power and authority to conduct its business as and to the extent now conducted.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Seller
  has the requisite limited liability company power and authority to execute and
  deliver this Agreement, the Pledge Agreement and each other agreement, document,
  instrument or certificate contemplated hereby to be executed or delivered by
  such Seller in connection herewith (all such other agreements, documents, instruments
  and certificates required to be executed or delivered by Seller being hereinafter
  referred to, collectively, as the &#147;</font><u><b><font size=2>Seller Documents</font></b></u><font size=2>&#148;),
  to perform fully its obligations hereunder and thereunder, and to consummate
  the transactions contemplated hereby and thereby, including without limitation
  the power and authority to own, hold, sell and transfer (pursuant to this Agreement)
  the Option Shares to be sold by it hereunder.</font><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>There are no voting trusts, proxies or other agreements or understandings with respect to the voting or disposition of, or otherwise relating to, the Option Shares.  There does not exist nor is there outstanding any right, security or other agreement granted or issued to, or entered into with, any Person to cause Seller to issue or sell any Option Shares to any Person (including any warrant, option, call, preemptive right, convertible debt obligation, subscription for stock or securities convertible into stock of such companies or any other similar right, security, instrument or agreement).  Seller beneficially owns and has good, valid and marketable title to all of the Option Shares, free and clear of all Liens.  Upon consummation of the Closing, Purchaser shall own and have good, valid and
marketable title to all of the Option Shares, free and clear of all Liens.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>2.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Execution and Delivery</font></u><font size=2>.  The execution, delivery and performance by Seller of this Agreement and each of the Seller Documents and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of Seller and no other proceeding on the part of Seller is necessary to authorize the execution, delivery or performance hereof or thereof or the consummation of the transactions contemplated hereby or thereby.  This Agreement has been, and each of the Seller Documents will be, when delivered to Purchaser, duly executed and delivered by Seller, as applicable, and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this Agreement constitutes, and each of the
Seller Documents when so executed and delivered will constitute, valid and legally binding obligations of Seller, enforceable against Seller in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors&#146; rights generally or by general principles of equity.</font><u><font size=2> </font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>2.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Conflicts</font></u><font size=2>.  The execution and delivery by Seller of this Agreement does not, and the performance by Seller of its obligations under this Agreement and the consummation of the transactions contemplated hereby will not:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>conflict with or result in a violation or breach of any of the terms, conditions or provisions of its organizational documents or the organizational documents of its Affiliates; </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>subject to obtaining the consents, waivers, approvals, Orders, Licenses and authorizations of, or making the declarations or filings with, or providing the notifications or reports to the Persons or Governmental or Regulatory Authorities set forth on Section 2.03(b) of the Seller Disclosure Schedule, conflict with or result in a violation or breach of any term or provision of any Law applicable to Seller or any of its Affiliates or their respective Assets and Properties; or</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>(i)
  conflict with or result in a violation or breach of, (ii) constitute (with or
  without notice or lapse of time or both) a default under, (iii) require Seller
  to obtain any consent, approval or action of, make any filing with or give any
  notice to any Person as a result of or under the terms of, or (iv) result in
  or give to any Person any right of termination, cancellation, acceleration or
  modification in or with respect to, any material Contract, License or other
  arrangement to which Seller is a party or by which it or its Assets and Properties
  is bound or </font><font size=2>otherwise result in the creation or imposition
  of any Lien upon any of Seller&#146;s Assets and Properties.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>2.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Legal Proceedings</font></u><font size=2>.  There are no material Actions or Proceedings pending or, to the knowledge of Seller, threatened seeking to restrain, enjoin or otherwise prohibit or make illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>2.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Brokers</font></u><font size=2>.  All negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by Seller directly with Purchaser without the intervention of any Person on behalf of Seller in such manner as to give rise to any valid claim by any Person against Purchaser, for a finder&#146;s fee, brokerage commission or similar payment.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="315" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.06</font></p> </td>
        <td width="171" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Securities Law Matters.  &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Neither Seller nor any Person acting on its behalf has engaged in any &#147;directed selling efforts&#148; (as defined under Regulation S) in the United States with respect to the Option Shares. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>In connection with the transactions contemplated by this Agreement, Seller has not taken and will not take any action for the purpose of stabilizing or manipulating the price of the Option Shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE III</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF PURCHASER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>Purchaser hereby represents and warrants to Seller as of the date hereof and as of the Closing Date as follows:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="485" style='border-collapse:collapse'>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.01</font></p> </td>
        <td width="341" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization, Qualification, Power and Authority.  &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser is a company with limited liability, duly incorporated under the Laws of England, and has full capacity to conduct its business as and to the extent now conducted.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser has the requisite capacity to execute and deliver this Agreement and each other agreement, document, instrument or certificate contemplated hereby to be executed or delivered by Purchaser in connection herewith (all such other agreements, documents, instruments and certificates required to be executed or delivered by Purchaser being hereinafter referred to, collectively, as the &#147;</font><u><b><font size=2>Purchaser Documents</font></b></u><font size=2>&#148;), to perform fully its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>3.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Execution
  and Delivery</font></u><font size=2>. The execution, delivery and performance
  by the Purchaser of this Agreement and each of the Purchaser Documents and the
  consummation of the transactions contemplated hereby and thereby have been duly
  and validly authorized by all necessary corporate action on the part of Purchaser
  and no other proceeding on the part of Purchaser is necessary to authorize the
  execution, delivery or performance hereof or thereof or the consummation of
  the transactions contemplated hereby or thereby. This Agreement has </font><font size=2>been,
  and each of the Purchaser Documents will be, when delivered to Seller, duly
  executed and delivered by the Purchaser and (assuming the due authorization,
  execution and delivery by the other parties hereto and thereto) this Agreement
  constitutes, and each of the Purchaser Documents when so executed and delivered
  will constitute, valid and legally binding obligations of Purchaser, enforceable
  against Purchaser in accordance with its terms, except as may be limited by
  applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
  affecting the enforcement of creditors&#146; rights generally or by general
  principles of equity.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>3.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Conflicts</font></u><font size=2>.  The execution and delivery by Purchaser of this Agreement and the Purchaser Documents do not, and the performance by Purchaser of its obligations under this Agreement and the consummation of the transactions contemplated hereby will not:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>conflict with or result in a violation or breach of any of the terms, conditions or provisions of the certificate or articles of incorporation, bylaws or similar organizational documents of Purchaser;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>subject to obtaining the consents, waivers, approvals, Orders, Licenses and authorizations of, or making the declarations or filings with, or providing the notifications or reports to, the Persons or Governmental or Regulatory Authorities set forth on Section 3.03(b) of the Purchaser Disclosure Schedule, conflict with or result in a violation or breach of any term or provision of any Law applicable to Purchaser or any of its Assets and Properties; or</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>(i) conflict with or result in a violation or breach of, (ii) constitute (with or without notice or lapse of time or both) a default under, (iii) require Purchaser to obtain any consent, approval or action of, make any filing with or give any notice to any Person as a result or under the terms of, or (iv) result in or give to any Person any right of termination, cancellation, acceleration or modification in or with respect to, any material Contract, License or other arrangement to which Purchaser is a party or by which any of its Assets and Properties is bound or otherwise result in the creation or imposition of any Lien upon any Assets and Properties of Purchaser.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>3.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Legal Proceedings</font></u><font size=2>.  There are no material Actions or Proceedings pending or, to the knowledge of Purchaser, threatened seeking to restrain, enjoin or otherwise prohibit or make illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>3.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Brokers</font></u><font size=2>.  All negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by Purchaser directly with Seller without the intervention of any Person on behalf of Purchaser in such manner as to give rise to any valid claim by any Person against Seller for a finder&#146;s fee, brokerage commission or similar payment.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="315" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.06</font></p> </td>
        <td width="171" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Securities Law Matters.  &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Non-U.S Person</font></u><font size=2>.  Purchaser is not a U.S. person (as defined under Regulation S).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Accredited
  Investor</font></u><font size=2>. Purchaser is an &#147;accredited investor&#148;
  within the meaning of Rule 501(a)(1), (2) or (7) under the Securities Act, or
  an entity in which all of the </font><font size=2>equity owners are accredited
  investors within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities
  Act (an &#147;</font><u><b><font size=2>Institutional Accredited Investor</font></b></u><font size=2>&#148;).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Own Account</font></u><font size=2>.  Any purchase of the Option Shares by Purchaser will be for its own account, or for the account of one or more other Institutional Accredited Investors, in respect of each of which the requirements set forth in this paragraph are satisfied.  If Purchaser is purchasing for the accounts of other Institutional Accredited Investors, (1) it exercises sole investment discretion for each such Institutional Accredited Investor with respect to any transactions in the Option Shares; (2) Purchaser reasonably believes that each such Institutional Accredited Investor can bear the economic risk of an investment in the Option Shares; and (3) Purchaser has all necessary authority to make the representations and agreements contained herein on behalf of, and to act for,
each such Institutional Accredited Investor.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Financial Knowledge and Experience</font></u><font size=2>.  Purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of purchasing the Option Shares, and, if Purchaser is purchasing the Option Shares for its own account, it can bear the economic risk of an investment in the Option Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(e)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Investment Purposes</font></u><font size=2>.  Any purchase of the Option Shares by Purchaser will be for investment and not with a view to resell or distribute such Option Shares (within the meaning of the Securities Act); </font><u><font size=2>provided</font></u><font size=2> that the disposition of its property and the property of any accounts for which it is acting as fiduciary shall remain at all times within Purchaser&#146;s control.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(f)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Information on Shares</font></u><font size=2>.  Purchaser has received a copy of any information it desires concerning the Option Shares or any other matter relevant to its decision to purchase the Option Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(g)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Exemption from Securities Act</font></u><font size=2>.  Purchaser understands that the Option Shares have not been and will not be registered under the Securities Act or any other applicable securities Law and Purchaser agrees, on its own behalf and on behalf of each account for which it acquires any Option Shares, that, if in the future it decides to offer, resell, pledge or otherwise transfer such Option Shares, such Option Shares may be offered, sold, pledged, or otherwise transferred only in compliance with the applicable requirements of the Securities Act.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE IV</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>COVENANTS OF SELLER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>4.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Regulatory
  and Other Approvals</font></u><font size=2>. Subject to the terms and conditions
  of this Agreement, following the exercise of the Call Option, Seller will as
  promptly as practicable, (a)&nbsp;use its commercially reasonable efforts to
  obtain all consents, waivers, approvals, Orders, Licenses or authorizations
  of, make all declarations and filings with, and give all notifications and reports
  to, any Governmental or Regulatory Authority required of Seller to consummate
  the transactions contemplated hereby, including without limitation, those referenced
  in Section 2.03(b) and those set forth on Section 2.03(b) of the Seller Disclosure
  Schedule, (b)&nbsp;provide such other information and communications to such
  Governmental or Regulatory Authorities as such Governmental or Regulatory Authorities
  may reasonably request in connection therewith and </font><font size=2>(c)&nbsp;provide
  reasonable cooperation to Purchaser in connection with the performance of its
  obligations under Section&nbsp;5.01. Seller will provide prompt notification
  to Purchaser when any such consent, approval, action, filing or notice referred
  to in clause&nbsp;(a) above is obtained, taken, made or given, as applicable,
  and Seller will advise Purchaser of any communications (and, unless precluded
  by Law, provide copies of any such communications that are in writing) with
  any Governmental or Regulatory Authority regarding any of the transactions contemplated
  by this Agreement. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>4.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fulfillment
  of Conditions</font></u><font size=2>. Subject to the terms and conditions of
  this Agreement, following the exercise of the Call Option, Seller will use its
  commercially reasonable efforts to proceed diligently and in good faith to satisfy
  each condition to the obligations of Purchaser contained in this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>4.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Assignment of Indemnity Rights</font></u><font size=2>.  Effective as of each applicable Closing Date, Seller hereby assigns to Purchaser, and Purchaser hereby assumes, that portion of the indemnification rights of the Seller under Article IX of the Share Purchase Agreement and the related rights of Seller under the Guarantee Agreement delivered by Ponderosa to the Seller on January 18, 2006 (the &#147;</font><b><font size=2>Ponderosa Guarantee</font></b><font size=2>&#148;), as they relate to the applicable Option Shares acquired by Purchaser on such Closing Date.  Seller and Purchaser agree to execute any additional documents or instruments reasonably necessary to more fully effect the assignment and assumption contemplated by this Section 4.03.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>4.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Existence of the Pledge</font></u><font size=2>.  Seller shall take all necessary action to ensure that the Pledge shall be in full force and effect over the Option Shares not purchased by Purchaser hereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE V</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>COVENANTS OF PURCHASER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>5.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Regulatory and Other Approvals</font></u><font size=2>.  Subject to the terms and conditions of this Agreement, following the exercise of the Call Option, Purchaser will (a)&nbsp;use commercially reasonable efforts to obtain all consents, approvals or actions of, make all filings with and give all notices to, Governmental or Regulatory Authorities required of Purchaser to consummate the transactions contemplated hereby, including, without limitation, those set forth on Section 3.03 of the Purchaser Disclosure Schedule, (b)&nbsp;provide such other information and communications to such Governmental or Regulatory Authorities as such Governmental or Regulatory Authorities or other Persons may reasonably request in connection therewith and (c)&nbsp;provide reasonable cooperation to Seller in connection with
the performance of its obligations under Section&nbsp;4.01.  Purchaser will provide prompt notification to Seller when any such consent, approval, action, filing or notice referred to in clause&nbsp;(a) above is obtained, taken, made or given, as applicable, and will advise Seller of any communications (and, unless precluded by Law, provide copies of any such communications that are in writing) with any Governmental or Regulatory Authority or other Person regarding any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fulfillment
  of Conditions</font></u><font size=2>. Subject to the terms and conditions of
  this Agreement, following the exercise of the Call Option, Purchaser will take
  all commercially reasonable steps necessary or desirable and proceed diligently
  and in good faith to satisfy each condition to the obligations of Seller contained
  in this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>5.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Securities Restrictions</font></u><font size=2>.  (a)  Prior to the earlier of the expiration of the Option Period and the purchase and sale of all Option Shares hereunder, Purchaser shall not, and shall not permit any Affiliate or Person acting on its or their respective behalf to, engage in any directed selling efforts (as defined in Regulation S) in the United States.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser acknowledges that Option Shares acquired hereunder (i) are acquired in a transaction exempt from registration under the Securities Act pursuant to Regulation S under the Securities Act and have not been registered under the Securities Act and (ii) may not be offered, sold, pledged or otherwise transferred prior to the date 40 days after the Closing of the applicable acquisition of such Option Shares hereunder, except outside the United States in accordance with Rule 903 or 904 of Regulation S, in each case in accordance with any other applicable securities Laws.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1.05in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Purchaser shall ensure that it, its Affiliates and any Person acting on its or their respective behalf complies with any applicable offering restrictions under Regulation&nbsp;S with respect to the Option Shares it acquires hereunder and will cause any subsequent transferee to agree to comply with any such applicable offering restrictions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE VI</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>CONDITIONS TO OBLIGATIONS OF PURCHASER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>The obligation of Purchaser to consummate the transactions contemplated by this Agreement in respect of any applicable exercise of the Call Option is subject to the fulfillment, at or before the applicable Closing, of each of the following conditions (all or any of which may be waived in whole or in part by Purchaser in its sole discretion):</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties</font></u><font size=2>.  Each of the representations and warranties of Seller contained herein and in the Seller Documents shall be true and correct at and as of the date hereof and at and as of the Closing Date, as if made at and as of such date (except, to the extent any such representation or warranty speaks as of a specific date, in which case such representation or warranty shall be, subject to the qualifications set forth above, true and correct as of such specific date), except to the extent that all failures of such representations and warranties to be so true and correct (disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein), individually or in
the aggregate, would not reasonably be expected to have a Material Adverse Effect; provided that the representations and warranties contained in Sections 2.01, 2.02 and 2.05 shall be true and correct in all respects as of the date hereof and as of the Closing Date.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Performance</font></u><font size=2>.  Seller shall have performed and complied with, in all material respects, the agreements, covenants and obligations required by this Agreement to be so performed or complied with by Seller at or before the Closing. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer&#146;s
  Certificates</font></u><font size=2>. Purchaser shall have received a certificate
  from Seller to the effect set forth in Sections 6.01 and 6.02, dated the applicable
  Closing Date, signed on behalf of Seller by an authorized officer.</font></p>
<p></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Laws</font></u><font size=2>.
  There shall not be in effect on the Closing Date any Law seeking to restrain,
  enjoin or otherwise prohibit or make illegal the consummation of any of the
  transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Governmental or Regulatory Consents and Approvals</font></u><font size=2>.  All consents, waivers, approvals, Orders, Licenses and authorizations of, declarations and filings with, and notifications and reports to any Governmental or Regulatory Authority necessary to permit Purchaser and Seller to perform their respective obligations under this Agreement, and to consummate the transactions contemplated hereby shall have been duly obtained, made or given and shall be in full force and effect, and all terminations or expirations of waiting periods imposed by any Governmental or Regulatory Authority necessary for the consummation of the transactions contemplated by this Agreement shall have occurred.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.06</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Pledge Agreement</font></u><font size=2>.  Purchaser shall have received a fully executed copy of the Pledge Agreement pursuant to which the Pledge shall be in full force and effect in respect of the Option Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>6.07</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Transfer of Shares</font></u><font size=2>.  Seller shall deliver, or cause to be delivered, the applicable number of Option Shares specified in the applicable Call Option Notice into Purchaser&#146;s custodial account with Caja&#146;s Global Deposit System.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE VII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>CONDITIONS TO OBLIGATIONS OF SELLER</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>The obligation of Seller to consummate the transactions contemplated by this Agreement in respect of any applicable exercise of the Call Option is subject to the fulfillment, at or before the applicable Closing, of each of the following conditions (all or any of which may be waived in whole or in part by Seller in its sole discretion):</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>7.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties</font></u><font size=2>.  Each of the representations and warranties of Purchaser contained herein and in the Purchaser Documents shall be true and correct at and as of the date hereof and at and as of the Closing Date, as if made at and as of such date (except, to the extent any such representation or warranty speaks as of a specific date, in which case such representation or warranty shall be, subject to the qualifications set forth above, true and correct as of such specific date), except to the extent that all failures of such representations and warranties to be so true and correct (disregarding all qualifications and exceptions contained therein relating to materiality or Material Adverse Effect or any similar standard or qualification contained therein), individually
or in the aggregate, would not reasonably be expected to have a material adverse effect on the Purchaser&#146;s ability to consummate the transactions contemplated herein; provided that the representations and warranties contained in Sections 3.01, 3.02, and 3.05 shall be true and correct in all respects as of the date hereof and as of the Closing Date.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>7.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Performance</font></u><font size=2>.
  Purchaser shall have performed and complied with, in all material respects,
  the agreements, covenants and obligations required by this Agreement to be so
  performed or complied with by Purchaser at or before the Closing. </font></p>
<p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>7.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer&#146;s Certificate</font></u><font size=2>.  Seller shall have received a certificate from Purchaser to the effect set forth in Sections 7.01 and 7.02, dated the applicable Closing Date, signed by an authorized officer.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>7.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Laws</font></u><font size=2>.  There shall not be in effect on the Closing Date any Law restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>7.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Governmental or Regulatory Consents and Approvals</font></u><font size=2>.  All consents, waivers, approvals, Orders, Licenses and authorizations of, declarations and filings with, and notifications and reports to any Governmental or Regulatory Authority necessary to permit Seller and Purchaser to perform their respective obligations under this Agreement and to consummate the transactions contemplated hereby shall have been duly obtained, made or given and shall be in full force and effect, and all terminations or expirations of waiting periods imposed by any Governmental or Regulatory Authority necessary for the consummation of the transactions contemplated by this Agreement shall have occurred.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE VIII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>SURVIVAL; NO OTHER REPRESENTATIONS OR WARRANTIES</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>8.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Survival of Representations and Warranties</font></u><font size=2>.  The representations and warranties of Seller contained in Article&nbsp;II of this Agreement and the representations and warranties of Purchaser contained in Article III of this Agreement will survive until September 30, 2007, except that any representation or warranty that would otherwise terminate in accordance with this sentence will continue to survive if a Claim Notice shall have been timely given in good faith based on facts reasonably expected to establish a valid claim under Article&nbsp;IX on or prior to such termination date, until the related claim for indemnification has been satisfied or otherwise resolved as provided in Article&nbsp;IX. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>8.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Other Representations or Warranties</font></u><font size=2>.  Notwithstanding anything to the contrary contained in this Agreement, it is the explicit intent of each Party hereto that none of Seller or any of its officers, directors, employees or Representatives are making or have made any other representation or warranty whatsoever, express or implied, at law or in equity, whether under Contract, tort or other applicable Law, except those representations and warranties contained in Article&nbsp;II and the certificates delivered pursuant to Section 6.03.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE IX</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>INDEMNIFICATION; LOSS SHARING</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="269" style='border-collapse:collapse'>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9.01</font></p> </td>
        <td width="125" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Indemnification. &nbsp;</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Following
  the Closing, subject to the other provisions of this </font><u><font size=2>Article
  IX</font></u><font size=2>, Seller shall indemnify the members of the Purchaser
  Indemnified Group in respect of, and hold </font><font size=2>each of them harmless
  from and against, any and all Losses suffered, incurred or sustained by any
  of them resulting from, arising out of, or relating to:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(i)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any representation or warranty on the part of Seller contained in </font><u><font size=2>Article II</font></u><font size=2> or in any Seller Document; and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any covenant or agreement on the part of Seller contained herein or in any Seller Document.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Seller shall not be liable for any Losses with respect to the matters set forth in </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> unless (x) a claim is timely asserted during the survival period specified in </font><u><font size=2>Section 8.01</font></u><font size=2> and (y) the aggregate of all Losses under </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> exceeds, on a cumulative basis, 1% of the aggregate of all payments of Applicable Purchase Price hereunder (the &#147;</font><u><b><font size=2>Threshold Amount</font></b></u><font size=2>&#148;), at which point those members of the Purchaser Indemnified Group who have asserted a claim shall be entitled to indemnification under </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> for the entire aggregate amount of Losses then existing and thereafter arising, including the Threshold Amount
(</font><u><font size=2>provided</font></u><font size=2> that the foregoing limitation in clause&nbsp;(y) shall not apply to any obligation or liability under </font><u><font size=2>Section 9.01(a)(i)</font></u><font size=2> arising out of or related to a breach of any of the representations set forth in </font><u><font size=2>Sections 2.01</font></u><font size=2>, </font><u><font size=2>2.02</font></u><font size=2> and </font><u><font size=2>2.05</font></u><font size=2>).  For the avoidance of doubt, the limitations in this paragraph do not apply to clause (ii) of this </font><u><font size=2>Section 9.01(a)</font></u><font size=2>.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Following the Closing, subject to the other provisions of this </font><u><font size=2>Article IX</font></u><font size=2>, Purchaser shall indemnify the members of the Seller Indemnified Group in respect of, and hold each of them harmless from and against, any and all Losses suffered, incurred or sustained by any of them resulting from, arising out of, or relating to:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(i)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any representation or warranty on the part of Purchaser contained in </font><u><font size=2>Article III</font></u><font size=2> or in any Purchaser Document; and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:0.5in;text-align:left;'><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>any breach of any covenant or agreement on the part of Purchaser contained herein or in any Purchaser Document.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Purchaser shall not be liable for any Losses with respect to the matters set forth in </font><u><font size=2>Section 9.01(b)(i)</font></u><font size=2> unless (x) a claim is timely asserted during the survival period specified in </font><u><font size=2>Section 8.01</font></u><font size=2> and (y) the aggregate of all Losses under </font><u><font size=2>Section 9.01(b)(i)</font></u><font size=2> exceeds, on a cumulative basis, the Threshold Amount, at which point those members of the Seller Indemnified Group who have asserted a claim shall be entitled to indemnification under </font><u><font size=2>Section 9.01(b)(i)</font></u><font size=2> for the entire aggregate amount of Losses then existing and thereafter arising, including the Threshold Amount (</font><u><font size=2>provided</font></u><font size=2> that the foregoing limitation in clause&nbsp;(y) shall not apply to any obligation or
liability under </font><u><font size=2>Section 9.02(b)(i)</font></u><font size=2> arising out of or related to a breach of any of the representations set forth in </font><u><font size=2>Sections 3.01</font></u><font size=2>, </font><u><font size=2>3.02</font></u><font size=2> and </font><u><font size=2>3.05</font></u><font size=2>).  For the avoidance of doubt, the limitations in this paragraph do not apply to clause (ii) of this </font><u><font size=2>Section 9.01(b)</font></u><font size=2>.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Each
  of Seller and Purchaser agrees to indemnify and hold harmless the Purchaser
  Indemnified Group or Seller Indemnified Group, as applicable, from and against
  50% of any and all Losses suffered, incurred or sustained by the Seller Indemnified
  Group or Purchaser Indemnified Group, as applicable (except to the extent such
  Losses are found by final nonappealable judgment to have arisen from the willful
  misconduct or gross negligence of such </font><font size=2>party), resulting
  from, arising out of, or relating to any Actions or Proceedings by a third party
  against (i) either Seller or Purchaser in connection with the transactions contemplated
  by this Agreement and (ii) Seller in connection with the transactions contemplated
  under the Share Purchase Agreement or the Option Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>In calculating any amount of Losses recoverable pursuant to this </font><u><font size=2>Section 9.01</font></u><font size=2>, the amount of such Losses shall be reduced by (i) any insurance proceeds actually received from any unaffiliated insurance carrier offsetting the amount of such Loss, net of any expenses incurred by the party entitled to indemnification (the &#147;</font><u><b><font size=2>Indemnified Party</font></b></u><font size=2>&#148;) in obtaining such insurance proceeds (including the cost of maintaining any insurance policy) and (ii) any actual recoveries from third parties pursuant to indemnification (or otherwise) (including any insurer) with respect thereto, net of any expenses incurred by the Indemnified Party in obtaining such third party payment (including the cost of
maintaining any insurance policy).  If any Losses for which indemnification is provided hereunder are subsequently reduced by any insurance payment or other recovery from a third party, the Indemnified Party shall promptly remit the amount of such reduction to the other party (the &#147;</font><u><b><font size=2>Indemnifying Party</font></b></u><font size=2>&#148;) (</font><u><font size=2>provided</font></u><font size=2> that such amount shall not exceed, in any event, the amount so previously paid in respect thereof by the Indemnifying Party).  Notwithstanding anything to the contrary, for the purposes of calculating the amount of any Losses that are the subject matter of a claim for indemnification hereunder (but not for determining whether a breach of a representation or warranty has occurred), each representation and warranty contained in this Agreement shall be read without regard and without giving effect to any materiality qualifier, including &#147;Material Adverse
Effect,&#148; contained therein.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(e)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>No right of indemnification hereunder shall be limited in any respect by any investigation by any Person, whether pre-claim or post-claim, or the decision by any Person to complete the Closing.</font></p>


<div align=left>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>
    9.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><font size=2>Method of Asserting
    Claims</font></u>. Whenever a claim shall arise for indemnification under
    this </font><u><font size=2>Article IX</font></u><font size=2>, the Indemnified
    Party shall promptly deliver a Claim Notice to the Indemnifying Party of such
    claim and, when known, the facts constituting the basis for such claim; </font><u><font size=2>provided</font></u><font size=2>,
    </font><u><font size=2>however</font></u><font size=2>, that failure to promptly
    give such Claim Notice shall not release the Indemnifying Party from its obligations
    under </font><u><font size=2>Section 9.01</font></u><font size=2>, except
    to the extent that the Indemnifying Party is materially prejudiced by such
    failure. In the event of any such claim for indemnification resulting from
    or in connection with a claim or Actions or Proceedings by a third party,
    the Indemnifying Party may, if it acknowledges in writing its full responsibility
    hereunder for paying or otherwise discharging such claim or Actions or Proceedings,
    assume, at its sole cost and expense, the defense thereof by written notice
    within 30 calendar days, using counsel that is reasonably satisfactory to
    the Indemnified Party (and whose fees shall be borne by the Indemnifying Party).
    If an Indemnifying Party assumes the defense of, and the full responsibility
    for paying or otherwise discharging, any such claim or Actions or Proceedings,
    the Indemnifying Party shall be entitled to take all steps necessary in the
    defense thereof including the settlement of any case that involves solely
    monetary damages payable by the Indemnifying Party without the consent of
    the Indemnified Party; </font><u><font size=2>provided</font></u><font size=2>,
    </font><u><font size=2>however</font></u><font size=2>, that the Indemnified
    Party may, at its own expense, participate in any such proceeding with the
    counsel of its choice without any right of control thereof. The Indemnifying
    Party, if it has assumed the defense of any claim or Actions or Proceedings
    by a third party as provided herein, shall not consent to, or enter into,
    any compromise or settlement of (which settlement (i) commits the Indemnified
    Party to take, or to forbear to take, any action or (ii) does not provide
    for a full and complete written release by such third party of the Indemnified
    Party), or consent to the entry of any judgment that does not relate solely
    to monetary damages arising from, any such claim or Actions or Proceedings
    by a third party without the Indemnified Party&#146;s prior written consent,
    which shall not be unreasonably withheld, conditioned or delayed. The Indemnifying
    Party and the Indemnified Party shall cooperate fully in all aspects of any
    investigation, defense, pre-trial activities, trial, compromise, settlement
    or discharge of any claim in respect of which indemnity is sought pursuant
    to this </font><u><font size=2>Article IX</font></u><font size=2>, at the
    Indemnifying Party&#146;s expense, subject to </font><u><font size=2>Section
    9.01(c)</font></u><font size=2>. So long as the Indemnifying Party is in good
    faith defending such claim or proceeding, the Indemnified Party shall not
    compromise or settle such claim without the prior written consent of the Indemnifying
    Party, which consent shall not be unreasonably withheld, conditioned or delayed.
    If the Indemnifying Party does not assume the defense of any such claim or
    litigation in writing promptly following notice thereof, the Indemnified Party
    may defend against such claim or litigation in such manner as it may deem
    appropriate, including settling such claim or litigation on such terms as
    the Indemnified Party may reasonably deem appropriate, and the Indemnifying
    Party will promptly indemnify the Indemnified Party in accordance with the
    provisions of this </font><u><font
size=2>Article IX</font></u><font size=2>, and the costs of such actions taken
    by the Indemnified Party shall be paid by the Indemnifying Party.</font>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>9.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Exclusivity</font></u><font size=2>.  After the Closing, the indemnities set forth in this Article&nbsp;IX shall be the sole and exclusive remedies of the Purchaser Indemnified Group and the Seller Indemnified Group for any breach of any representation or warranty made in or pursuant to this Agreement; provided, however, that the foregoing shall not limit the right of any Party hereto to seek recovery for fraud, willful misconduct or intentional misrepresentation.  Notwithstanding anything to the contrary in this Agreement, after the Closing and except in the case of fraud, willful misconduct or intentional misrepresentation, (a) the liability of Seller to indemnify the Purchaser Indemnified Group pursuant to Section&nbsp;9.01(a)(i) for the aggregate of all Losses under this Article IX shall be limited to
25% of the aggregate of all payments of Applicable Purchase Price hereunder (the &#147;</font><b><font size=2>Indemnification Limit</font></b><font size=2>&#148;), and (b) the Purchaser Indemnified Group shall not be entitled to seek or receive payment from Seller for any amounts in respect of indemnification claims under such Section 9.01(a)(i) in excess of the Indemnification Limit.  No Person who was an officer, director or stockholder of Seller prior to the Closing or any of their respective Affiliates shall have any liability to make any payment in respect of any breach of any representation or warranty made in this Agreement, except for Seller&#146;s indemnification obligations under this Article&nbsp;IX.  Notwithstanding anything to the contrary in this Agreement, after the Closing and except in the case of fraud, willful misconduct or intentional misrepresentation, (a) the liability of Purchaser to indemnify the Seller Indemnified Group pursuant to Section&nbsp;9.01(b)(i)
shall be the Indemnification Limit, and (b) the Seller Indemnified Group shall not be entitled to seek or receive payment from Purchaser for any amounts in respect of indemnification claims under such Section 9.01(b)(i) in excess of such amount.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>9.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No
  Consequential or Punitive Damages</font></u><font size=2>. Anything herein to
  the contrary notwithstanding, no Party hereto shall, under any circumstances,
  be liable to any other party for any consequential, exemplary, special, incidental
  or punitive damages claimed by such other </font><font size=2>Party under the
  terms of or due to any breach of this Agreement or the transactions contemplated
  hereby.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>9.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Currency</font></u><font size=2>. All indemnity payments under this Agreement shall be payable in United States dollars.  If any indemnification claims are incurred in a currency other than United States dollars, then such amount denominated in such foreign currency shall be converted into an amount denominated in U.S. Dollars using the noon buying rate for such foreign currency as certified by the New York Federal Reserve Bank on the Business Day immediately preceding the date on which such payment is to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE X</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>TERMINATION</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>10.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Termination</font></u><font size=2>.  This Agreement may be terminated, and the transactions contemplated hereby may be abandoned:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>at any time before the Closing, by mutual written agreement of Seller and Purchaser;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>by Purchaser or Seller, upon written notice to the other Party, if any Governmental or Regulatory Authority issues an Order, or takes any other action which permanently enjoins, restrains or otherwise prohibits the consummation of the transactions contemplated hereby, and such Order shall have become final and nonappealable;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>by Purchaser or Seller on (i) the expiration of the Option Period if the Call Option Notice shall not have been delivered prior to such date or (ii) October 27, 2006 if the Call Option Notice shall have been delivered prior to the expiration of the Option Period but the Closing shall not have occurred on or before October 27, 2006 and such failure to consummate is not caused by a breach of this Agreement by the Party seeking such termination.</font></p>


<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>10.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2><u><font size=2>Effect
  of Termination</font></u></font><font size=2>. In the event of termination under
  </font><u><font size=2>Sections 10.01(b)</font></u><font size=2> or </font><u><font size=2>10.01(c)</font></u><font size=2>,
  this Agreement shall terminate and the transactions contemplated hereby shall
  be abandoned, without further action by any Party, except that the Letter Agreement
  shall survive in accordance with its terms and </font><u><font size=2>Sections
  10.02</font></u><font size=2>, </font><u><font size=2>12.03</font></u><font size=2>,
  and </font><u><font size=2>12.12</font></u><font size=2> shall also survive
  such termination. Upon any termination hereof pursuant to </font><u><font size=2>Section
  10.01</font></u><font size=2>, no Party hereto shall thereafter have any further
  Liability hereunder (except as expressly provided herein); </font><u><font size=2>provided</font></u><font size=2>,
  </font><u><font size=2>however</font></u><font size=2>, that no such termination
  shall relieve any Party of any Liability for any breach of any term hereof prior
  to the date of such termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE XI</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>DEFINITIONS</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="239" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>11.01</font></p> </td>
        <td width="95" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Definitions</font></u>.  &nbsp;</p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Incorporation
  of Defined Terms</font></u><font size=2>. Capitalized defined terms used herein
  and not otherwise defined shall have the meanings indicated in the Share Purchase
  Agreement.</font><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Other Defined Terms</font></u><font size=2>.  As used in this Agreement, the following defined terms have the meanings indicated below:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Agreement</font></u><font size=2>&#148; means this Call Option Agreement, the Seller Disclosure Schedule, and the Purchaser Disclosure Schedule, as the same shall be amended from time to time.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Claim Notice</font></u><font size=2>&#148; means written notification pursuant to </font><u><font size=2>Section 9.02</font></u><font size=2> of a claim as to which indemnity under </font><u><font size=2>Section 9.01</font></u><font size=2> is sought by an Indemnified Party, enclosing a copy of all papers served, if any, and specifying the nature of and basis for such claim and for the Indemnified Party&#146;s claim against the Indemnifying Party under </font><u><font size=2>Section 9.01</font></u><font size=2>, together with the amount or, if not then reasonably determinable, the estimated amount, determined in good faith, of the Loss arising from such claim.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Closing</font></u><font size=2>&#148; means the closing of the transactions contemplated by </font><u><font size=2>Article I</font></u><font size=2>.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Closing Date</font></u><font size=2>&#148; means (i) a Business Day on or following the effectiveness date specified in each Call Option Notice, which is not less than five Business Days after the day on which all of the conditions under </font><u><font size=2>Articles VI</font></u><font size=2> and </font><U><font SIZE=2>VII</font></U><font size=2> (other than those that by their nature are intended to be satisfied at the Closing) have been satisfied or waived, or (ii)&nbsp;such other date on or following the effectiveness date set forth in the Call Option Notice, as Purchaser and Seller mutually agree upon in writing.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>JP Morgan Letter Agreement</font></u><font size=2>&#148; means the letter agreement dated December 5, 2005 between J.P. Morgan Securities Ltd. and D. E. Shaw Laminar Portfolios, L.L.C.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Material Adverse Effect</font></u><font size=2>&#148; means any change, circumstance, condition, development, effect, event, occurrence or state of facts that, individually or in the aggregate, has been, or would reasonably be expected to be, materially adverse to the ability of Seller to consummate the transactions contemplated hereby or transfer good, valid and marketable title to the Shares to Purchaser, free and clear of any Liens.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Option Agreement</font></u><font size=2>&#148; means the Option Agreement (For TGS Shares), dated as of January 18, 2006, by and between Seller and EPCA contemplating, among other things, Seller&#146;s right to purchase 34,133,200 shares of Class B common stock, par value 1 Argentine Peso per share, of TGS from EPCA at Seller&#146;s option, and EPCA&#146;s right to require Seller to purchase such shares from EPCA at EPCA&#146;s option.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Per Share Acquisition Price</font></u><font size=2>&#148; means the amount equal to $0.94873 per Option Share for any Call Option in respect of which the Call Option Notice is delivered in accordance with </font><u><font size=2>Section 1.01</font></u><font size=2> on or prior to March 28, 2006; </font><u><font size=2>provided</font></u><font size=2> that for any Call Option in respect of which the Call Option Notice is delivered in accordance with </font><u><font size=2>Section 1.01</font></u><font size=2> after March 28, 2006, the &#147;Per Share Purchase Price&#148; shall be an amount equal to $0.94873 per Option Share increased at a rate equal to 20% annually, accruing from March 28, 2006, computed on the basis of a 360-day year consisting of twelve 30-day months.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Purchaser
  Disclosure Schedule</font></u><font size=2>&#148; means the Disclosure Schedule
  delivered to Seller by Purchaser on, and which is dated as of, the date hereof.</font></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Seller
  Disclosure Schedule</font></u><font size=2>&#148; means the Disclosure Schedule
  delivered to Purchaser by Seller on, and which is dated as of, the date hereof.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Seller Indemnified Group</font></u><font size=2>&#148; means Seller and each of its Affiliates, together with their successors and permitted assigns, and their officers, directors, employees, agents, advisors, stockholders, partners, members and Representatives.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Transfer Taxes</font></u><font size=2>&#148; means all sales, use, transfer, securities transaction, real property transfer, reporting, share transfer, and other similar Taxes and fees arising out of or in connection with the transactions effected pursuant to this Agreement, </font><u><font size=2>provided</font></u><font size=2> that such term shall not include any Tax (including any withholding tax) imposed on gain resulting from the sale or other transfer of the Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Construction of Certain Terms and Phrases</font></u><font size=2>.  Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii)&nbsp;words using the singular or plural number also include the plural or singular number, respectively; (iii)&nbsp;the terms &#147;hereof,&#148; &#147;herein,&#148; &#147;hereby&#148; and derivative or similar words refer to this entire Agreement; (iv)&nbsp;the terms &#147;Article&#148; or &#147;Section&#148; refer to the specified Article or Section of this Agreement; (v) &#147;including&#148; means &#147;including, without limitation,&#148;; and (vi)&nbsp;the phrase &#147;ordinary course of business&#148; refers to the Business consistent with past custom and practice.  Whenever this Agreement refers to a
number of days, such number shall refer to calendar days unless Business Days are specified.  All accounting terms used herein and not expressly defined herein shall have the meanings given to them under GAAP.  Any representation or warranty contained herein as to the enforceability of a Contract (including this Agreement) shall be subject to the effect of any bankruptcy, insolvency, reorganization, moratorium or other similar Law affecting the enforcement of creditors&#146; rights generally and to general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ARTICLE XII</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font SIZE=2>MISCELLANEOUS</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.01</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Notices</font></u><font size=2>.  All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if delivered personally, by facsimile transmission or other electronic transmission service, or by overnight mail, to the Parties at the following addresses or facsimile numbers (or such other address or facsimile number as such Party may have specified by notice given to the other Parties pursuant to this Section 12.01):</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>If to Purchaser, to:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>J.P. Morgan Securities Ltd.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>125 London Wall</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>London EC2Y 5AJ</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>Facsimile No.:  (44) (207) 777-4993</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>Attention:  Daniel Pinto</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>If
  to Seller, to:</font><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>D. E. Shaw Laminar Emerging Markets, L.L.C.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>120 West 45<sup>th</sup> Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>New York, New York 10036</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>Facsimile No.:  (212) 478-0100</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>Attention:  General Counsel</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="276" style='border-collapse:collapse; '>
    <tr >

      <td width="152" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>

      <td width="124" nowrap valign=top >
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.0001pt'><font size=2>Brandon Baer</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>With a copy to:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="283" style='border-collapse:collapse'>
    <tr >
        <td width="96" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:</font></p> </td>
        <td width="115" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Jenny Bachtell</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="315" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td width="219" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.0001pt'><font size=2>Facsimile No.: (212) 845-1879</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.02</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Entire Agreement</font></u><font size=2>.  This Agreement (including the Seller Disclosure Schedule, the Purchaser Disclosure Schedule and the annexes thereto; the attached exhibits and schedules hereto, if any; and the certificates to be delivered pursuant to the terms hereof) and the JP Morgan Letter Agreement supersede all prior discussions and agreements between the Parties with respect to the subject matter hereof and contain the sole and entire agreement among the Parties with respect to the subject matter hereof.  No other form of compensation is being exchanged between the Parties in conjunction with this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.03</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Expenses</font></u><font size=2>.  Except as otherwise expressly provided in this Agreement (including without limitation as provided in Section 10.02), whether or not the transactions contemplated hereby are consummated, each Party will pay its own costs and expenses incurred in connection with the negotiation, execution and closing of this Agreement and the transactions contemplated hereby; provided, that Purchaser agrees to reimburse Seller for 50%, without duplication, of all costs and expenses Seller has reimbursed to the &#147;Sellers&#148; (as defined in each of the Share Purchaser Agreement and Option Agreement) pursuant to Section 12.03 of each of the Share Purchase Agreement and the Option Agreement.  Notwithstanding the foregoing, Seller shall timely pay, and shall indemnify and hold harmless Purchaser
against, all Transfer Taxes, if any, incurred in connection with the transactions contemplated by this Agreement (regardless of the Party upon whom such Transfer Taxes are initially imposed), and the Party required by applicable Law will file all necessary Tax Returns and other documentation with respect to all such Transfer Taxes and, if required by applicable Law, the other Party will, and will cause their Affiliates to, join in the execution of any such Tax Returns and other documentation.  The expense of such filings shall be paid by Seller.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.04</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Public
  Announcements</font></u><font size=2>. At all times at or before the Closing,
  neither Seller nor Purchaser shall, and Seller shall use its reasonable commercial
  efforts to cause TGS not to, issue or make any reports, statements or releases
  to the public with respect to this Agreement or the transactions contemplated
  hereby without the prior written consent of Purchaser, which consent shall not
  be unreasonably withheld, conditioned or delayed. If either Seller or Purchaser
  is unable to obtain the approval of its public report, statement or release
  from the other Party and such report, statement or release is, in the opinion
  of legal counsel to such party, required by Law in order to discharge such party&#146;s
  disclosure obligations, then such Party may make or issue the legally required
  report, statement or release and promptly furnish the other Party with a copy
  thereof. Seller and Purchaser will also obtain the other Party&#146;s prior
  approval of any press release to be issued following the Closing announcing
  the consummation of the transactions contemplated by this Agreement.</font><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.05</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Waiver</font></u><font size=2>.  At any time prior to the Closing Date, either Seller or Purchaser may, at their sole discretion, (a)&nbsp;extend the time for the performance of any of the obligations or other acts of the parties, (b)&nbsp;waive any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto or (c) waive compliance with any of the agreements or conditions contained herein, to the extent permitted by applicable Law.  Any agreement on the part of a Party hereto to any such extension or waiver will be valid only if set forth in a writing signed on behalf of such Party.  No waiver by either Seller or Purchaser of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any
prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any such prior or subsequent occurrence.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.06</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Amendment</font></u><font size=2>.  This Agreement may be amended, supplemented or modified, and any provision hereof may be waived, only pursuant to a written instrument making specific reference hereto and duly executed by or on behalf of each Party hereto.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.07</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Third Party Beneficiary</font></u><font size=2>.  The terms and provisions of this Agreement are intended solely for the benefit of each Party hereto and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third party beneficiary rights upon any other Person.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.08</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Assignment; Binding Effect</font></u><font size=2>.  Neither this Agreement nor any right, interest or obligation hereunder may be assigned by any Party hereto without the prior written consent of the other Party hereto given at its discretion and any attempt to do so will be void; provided, however, that Purchaser may assign its rights and obligations hereunder to any Affiliate.  Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of, and is enforceable by, the Parties hereto and their respective successors and permitted assigns.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.09</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Enforcement of Agreement</font></u><font size=2>.  The Parties hereto agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy would occur in the event that any provision of this Agreement (including the failure by any Party to take such actions as are required of it hereunder to consummate this Agreement) was not performed in accordance with its specified terms or was otherwise breached.  It is accordingly agreed that the Parties shall be entitled to an injunction or other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of competent jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.10</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Headings</font></u><font size=2>.  The headings used in this Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.</font></p><div align=left>

  <table border="0" cellspacing=0 cellpadding=0 width="454" style='border-collapse:collapse; '>
    <tr >

      <td width="98" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
        <p   style='text-indent:0in'><font size=1>&nbsp;</font></p>  </td>

      <td width="64" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12.11</font></p>
      </td>

      <td width="292" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Governing
          Law; Consent to Jurisdiction</font></u>. &nbsp;</p>
      </td> </tr></table>
</div>


<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>This
  Agreement shall be governed by and construed in accordance with the Laws of
  the State of New York applicable to a Contract executed and performed in such
  jurisdiction, without giving effect to the conflicts of laws principles thereof.</font><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Seller and Purchaser hereby irrevocably consent that any legal Action or Proceeding against any Party or any of its assets with respect to this Agreement may be brought in any jurisdiction where any of the other Parties or any of its assets may be found, or in any court of the State of New York or any Federal court of the United States of America located in New York, New York, in the Borough of Manhattan, as the Party commencing the suit may elect, and by execution and delivery of this Agreement each Party hereby irrevocably submits to and accepts with regard to any such Action or Proceeding, for itself and in respect of its assets, generally and unconditionally, the jurisdiction of the aforesaid courts.  Purchaser hereby irrevocably designates, appoints and empowers J.P. Morgan Securities
Inc. at its principal office at 270 Park Avenue, New York, New York, Attention: Silvina Nunez, as its authorized agent for service of process in the State of New York in any suit or proceeding with respect to this Agreement.  A copy of any such process served on such agent shall be promptly forwarded by airmail by the Person commencing such proceeding to the relevant Party at its address set forth in </font><u><font size=2>Section 12.01</font></u><font size=2> hereof, but the failure of such Party to receive such copies shall not affect in any way the service of such process as aforesaid.  The Parties further irrevocably consent to the service of process out of any of the aforementioned courts in any such Action or Proceeding by the mailing of copies thereof by registered or certified airmail, postage prepaid, to Seller or Purchaser at their respective addresses set forth in </font><u><font size=2>Section 12.01</font></u><font size=2>.  The foregoing, however, shall not limit the
rights of either Party to serve process in any other manner permitted by Law or to bring any legal Action or Proceeding or to obtain execution of judgment in any jurisdiction.  The Parties further agree that final judgment against any Party in any legal Action or Proceeding in connection with this Agreement shall be conclusive and may be enforced in any other jurisdiction within or outside the United States of America by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and the amount of such Party&#146;s indebtedness.  Seller and Purchaser hereby irrevocably waives, to the fullest extent permitted by Law, any objection which it may now or hereafter have to the laying of venue of any Action or Proceeding arising out of or relating to this Agreement brought in the State of New York, and hereby further irrevocably waives any claim that any such Action or Proceeding brought in the State of New York has been brought in an inconvenient forum.  To the
extent that Seller or Purchaser may, in any jurisdiction in which proceedings may occur, at any time be taken for the determination of any question arising under or for the enforcement of this Agreement be entitled to claim or otherwise be accorded for itself or its property, assets or revenues immunity from suit or attachment (whether in aid of execution, before judgment or otherwise) or other legal process, and to the extent that in any such jurisdiction, there may be attributed to it, or its property, assets or revenues such immunity (whether or not claimed), Seller and Purchaser hereby irrevocably agrees not to make such claim and waives such immunity to the fullest extent permitted by the Laws of such jurisdiction.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.12</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Invalid
  Provisions</font></u><font size=2>. If any provision of this Agreement is held
  to be illegal, invalid or unenforceable under any present or future Law, and
  if the rights or obligations of any Party hereto under this Agreement will not
  be materially and adversely affected thereby, (a)&nbsp;such provision will be
  fully severable, (b)&nbsp;this Agreement will be construed and enforced as if
  such illegal, invalid or unenforceable provision had never comprised a part
  hereof, and (c)&nbsp;the remaining provisions of this Agreement will remain
  in full force and effect and will not be affected by the illegal, invalid or
  unenforceable provision or by its severance herefrom.</font><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>12.13</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Counterparts</font></u><font size=2>.  This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by or on behalf of each Party hereto as of the date first above written.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="638" style='margin-left:173.4pt;border-collapse:collapse'>
    <tr style=' height:2.25in'>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>J.P. MORGAN SECURITIES LTD.</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:  ____________________________________________</font></p>
<p style='margin-left:0in;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:</font></p>
<p style='margin-left:0in;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font
size=2>Title:</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>D. E. SHAW LAMINAR EMERGING MARKETS, L.L.C.</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:  ____________________________________________</font></p>
<p
style='margin-left:0in;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:  </font></p>
<p style='margin-left:0in;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title:</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height: 150%;'><font size=2>[</font><i><font size=2>Signature Page to Call Option Agreement</font></i><font size=2>]</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>10
<FILENAME>exhibit6.htm
<DESCRIPTION>STOCK EXCHANGE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
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<BODY bgcolor="#ffffff" style='font-family:"Arial"'>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><i><b><font size=2><a name="ex6"></a>Execution
  Copy</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:center;border-top:double 2.25pt;padding-top:1;'><B><font SIZE=2>STOCK EXCHANGE AGREEMENT</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>by and between</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FINTECH ENERGY LLC</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>and</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>D.E. SHAW LAMINAR EMERGING MARKETS, L.L.C.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>Dated as of December 29, 2006</font></b></p>








<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;border-bottom:double 2.25pt;padding-bottom:1;'><font size=2>&nbsp;</font></p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>TABLE OF CONTENTS</font></B><u></u></p> </td>
        <td width="89" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="89" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Page</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Section 1</font></p> </td>
        <td width="517" nowrap valign=top style='padding:0in 0in 6.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CERTAIN DEFINITIONS</font></p> </td>
        <td width="27" nowrap valign=top style='padding:0in 0in 6.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Section 2</font></p> </td>
        <td width="517" nowrap valign=top style='padding:0in 0in 6.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>EXCHANGE; CLOSING</font></p> </td>
        <td width="27" nowrap valign=top style='padding:0in 0in 6.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
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        <td width="48" nowrap valign=top >
            <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.1.</font></p> </td>
        <td width="516" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exchange</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3</font></p> </td> </tr></table>
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        <td width="48" nowrap valign=top >
            <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.2.</font></p> </td>
        <td width="516" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Closing Deliveries</font></p> </td>
        <td width="27" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.3.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Post-Closing Deliveries</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Section 3</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF D.E. SHAW</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Organization and Related Matters</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.2.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Authorization; No Conflicts</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.3.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.4.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Compliance</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.5.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Restricted Securities</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.6.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Public Market</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.7.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Other Representations</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF FINTECH</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.1.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Organization and Related Matters</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.2.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Authorization; No Conflicts</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.3.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.4.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Compliance</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.5.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No Other Representations</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>7</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CONDITIONS TO OBLIGATIONS OF PARTIES</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.1.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Conditions Precedent to Obligations of All Parties</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.2.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Conditions to Obligations of D.E. Shaw</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.3.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Conditions to Obligations of Fintech</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>MISCELLANEOUS</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.1.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.2.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.3.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Governing Law; Jurisdiction and Forum; Waiver of Jury Trial</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.4.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Entire Agreement</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.5.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.6.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.7.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.8.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Amendments and Waivers</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.9.</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.10.</font></p> </td>
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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>STOCK EXCHANGE AGREEMENT</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>STOCK EXCHANGE AGREEMENT (this &#147;</font><u><font size=2>Agreement</font></u><font size=2>&#148;), dated as of December 29, 2006, by and between Fintech Energy LLC, a limited liability company organized under the laws of the State of Delaware (&#147;</font><u><font size=2>Fintech</font></u><font size=2>&#148;), and D.E. Shaw Laminar Emerging Markets, L.L.C., a limited liability company organized under the laws of the State of Delaware (&#147;</font><u><font size=2>D.E. Shaw</font></u><font size=2>&#148;).  Capitalized terms used herein shall have the meanings set forth in Section 1.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>RECITALS</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, Fintech holds an aggregate of 1,024,630.40 ordinary shares of the capital stock of the Surviving Company (as defined below), par value US$0.01 per share (the &#147;</font><u><font size=2>Surviving Company Shares</font></u><font size=2>&#148;);</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, D.E. Shaw beneficially holds an aggregate of 34,670,003 Class B shares of Transportadora de Gas del Sur S.A., an Argentine </font><i><font size=2>sociedad an&#243;nima</font></i><font size=2> (&#147;</font><U><font SIZE=2>TGS</font></U><font size=2>,&#148; and such Class B shares, the &#147;</font><u><font size=2>TGS Shares</font></u><font size=2>&#148;); and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, Fintech desires to sell, assign and transfer, or cause to be sold, assigned and transferred, the Surviving Company Shares to D.E. Shaw (or its nominee or assignee) in exchange for the TGS Shares, and D.E. Shaw desires to assign and transfer, or cause to be assigned and transferred, the TGS Shares to Fintech (or its nominee or assignee) in exchange for such Surviving Company Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>CERTAIN DEFINITIONS</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>As used in this Agreement, the following terms shall have the respective meanings set forth below:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><U><font SIZE=2>AEI</font></U><font size=2>&#148; means Ashmore Energy International Limited, a Cayman Islands exempted company.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Affiliate</font></u><font size=2>&#148; means, with respect to a given Person (in this definition, the &#147;</font><u><font size=2>Relevant Person</font></u><font size=2>&#148;), any Person who (a) directly or indirectly, Controls, or is Controlled by, or is under a common Control with, the Relevant Person or (b) from time to time, is managed by (i) the same investment manager as the Relevant Person is managed by, or (ii) an investment manager that is Controlled by the same Person that Controls the Relevant Person.  As used in this definition, &#147;</font><u><font size=2>Control</font></u><font size=2>,&#148; &#147;</font><u><font size=2>Controlling</font></u><font size=2>&#148; and &#147;</font><u><font size=2>Controlled</font></u><font size=2>&#148; shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Agreement</font></u><font size=2>&#148; shall have the meaning set forth in the Preamble.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Anti-Money Laundering Laws</font></u><font size=2>&#148; means, collectively, (i) the USA Patriot Act of 2001 (Pub. L. No. 107-56) and (ii) any other Law of any relevant jurisdiction having the force of law and relating to anti-money laundering.</font></p>
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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Approval</font></u><font size=2>&#148; means any approval, authorization, consent, qualification, permit, license, franchise, clearance, Order or registration, or any extension, modification, amendment or waiver of any of the foregoing, required to be obtained from, or notice required to be given to, any Governmental Entity.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Business Day</font></u><font size=2>&#148; means a day (other than Saturday or Sunday) on which commercial banks are open for business in Houston, Texas and New York City.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Closing</font></u><font size=2>&#148; shall have the meaning set forth in Section 2.1(b).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Contract</font></u><font size=2>&#148; means any binding written agreement, bond, commitment, indenture, lease, instrument or obligation.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Control</font></u><font size=2>&#148; shall have the meaning set forth in the definition of Affiliate.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>D.E. Shaw</font></u><font size=2>&#148; shall have the meaning set forth in the Preamble.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Fintech</font></u><font size=2>&#148; shall have the meaning set forth in the Preamble.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Fintech-AEI Exchange Agreement</font></u><font size=2>&#148; means the Exchange Agreement, dated December 29, 2006, by and between AEI and Fintech, pursuant to which the Surviving Company agreed to issue the Surviving Company Shares to Fintech in exchange for the CIESA Debt (as defined therein) held by Fintech.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Governmental Entity</font></u><font size=2>&#148; means any government or any agency, bureau, board, commission, court, department, official, political subdivision, tribunal or other instrumentality of any government, whether federal, state or local, multinational or supranational, domestic or foreign, or any quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental or quasi-governmental authority that has, in each case, jurisdiction over the matter in question.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Law/Laws</font></u><font size=2>&#148; means any constitutional provision, statute, law, rule, ordinance, regulation, treaty, code, executive order or interpretation of any Governmental Entity and any Order.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Lien</font></u><font size=2>&#148; means any lien, pledge, charge, mortgage, hypothecation, deed of trust, security interest or other encumbrance or restriction on title.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>OFAC List</font></u><font size=2>&#148; means the Specially Designated Nationals and Blocked Persons List, as published by the United States Department of the Treasury Office of Foreign Asset Control from time to time, and available on the Internet at the following website:  </font><u><font size=2>http://www.treas.gov/offices/enforcement/ofac/ sdn/index.html</font></u><font size=2> or any official successor website. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Order</font></u><font size=2>&#148; means any binding and enforceable decree, injunction, judgment, order, ruling, assessment, stipulation, determination or writ issued by or agreement entered into with a Governmental Entity (whether preliminary or final).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Organizational Documents</font></u><font size=2>&#148; means, with respect to any Party, as applicable, the certificate of incorporation, articles of incorporation, memorandum and articles of association, certificate of formation, by-laws, articles of organization, limited liability company agreement, limited partnership agreement, formation agreement, joint venture agreement, general partnership agreement or other similar organizational documents of such Person, together with any shareholder agreement, voting agreement or similar agreement among two or more of the equity owners of any such entity.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Parties</font></u><font size=2>&#148; means Fintech and D.E. Shaw.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Person</font></u><font size=2>&#148; means any natural person, association, corporation, general partnership, limited partnership, limited liability company, limited liability partnership, proprietorship, joint venture, trust or any other entity, organization or Governmental Entity.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Prisma</font></u><font size=2>&#148; means Prisma Energy International Inc., a Cayman Islands exempted company.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Relevant Person</font></u><font size=2>&#148; shall have the meaning set forth in the definition of Affiliate.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Scheme of Arrangement</font></u><font size=2>&#148; means that certain Scheme of Arrangement and Amalgamation under section 86 (read with section 87) of the Cayman Islands Companies Law (as amended) approved by the members of AEI on November 21, 2006 and sanctioned by the Grand Court of the Cayman Islands on November 30, 2006.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Securities Act</font></u><font size=2>&#148; means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Shareholders Agreement</font></u><font size=2>&#148; shall mean the Amended and Restated Shareholders Agreement, dated as of December 29, 2006, by and among the Surviving Company and the shareholders of the Surviving Company party thereto, as the same may be amended, supplemented, replaced or restated from time to time.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Surviving Company</font></u><font size=2>&#148; means the surviving entity resulting from the amalgamation of AEI with Prisma in accordance with the terms and conditions of the Scheme of Arrangement, which surviving entity shall change its corporate name to Ashmore Energy International following such amalgamation.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>Surviving Company Shares</font></u><font size=2>&#148; shall have the meaning set forth in the Recitals.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><U><font SIZE=2>TGS</font></U><font size=2>&#148; shall have the meaning set forth in the Recitals.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&#147;</font><u><font size=2>TGS Shares</font></u><font size=2>&#148; shall have the meaning set forth in the Recitals.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><u><font size=2>EXCHANGE; CLOSING</font></u></p>


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            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.1.</font></p> </td>
        <td width="83" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Exchange</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Subject to the terms and conditions of this Agreement, Fintech agrees to sell, assign, transfer, convey and deliver, or cause to be sold, assigned, transferred, conveyed and delivered, to D.E. Shaw (or its nominee or assignee), free and clear of all Liens (but subject to any applicable limitations under the Shareholders Agreement), all of Fintech&#146;s right, title and interest in, to and under the Surviving Company Shares (including, without limitation, all of Fintech&#146;s rights, benefits and privileges under the Fintech-AEI Exchange Agreement).  In consideration therefor, D.E. Shaw agrees to sell, assign, transfer, convey and deliver, or cause to be sold, assigned, transferred, conveyed and delivered, to Fintech (or its nominee or assignee), free and clear of all Liens, all of
D.E. Shaw&#146;s right, title and interest in, to and under the TGS Shares.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Closing</font></u><font size=2>.
  Subject to the satisfaction or waiver of all conditions to closing set forth
  in Section 5, the closing of the transactions contemplated hereby shall take
  place at the offices of Cleary Gottlieb Steen &amp; Hamilton LLP, One Liberty
  Plaza, New York, New York 10006, at 9:00 a.m., on </font><font size=2>January
  8, 2007, or at such other time and place as the Parties may mutually agree (which
  time and place is designated as the &#147;</font><u><font size=2>Closing</font></u><font size=2>&#148;).</font></p>
<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="229" style='border-collapse:collapse; '>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.2.</font></p> </td>
        <td width="133" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Closing Deliveries</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>At the Closing, subject to the satisfaction or waiver of all of the conditions to the Closing set forth herein, (i) Fintech shall take all actions necessary to transfer, or cause to be transferred, title to the Surviving Company Shares, free and clear of all Liens (but subject to any applicable limitations under the Shareholders Agreement), to D.E. Shaw (or its nominee or assignee), including, without limitation, notifying the Surviving Company of the transfer of the Surviving Company Shares to D.E. Shaw in accordance with the terms hereof and delivering to the Surviving Company the Share Transfer Certificate (substantially in the form of </font><u><font size=2>Exhibit A</font></u><font size=2>) executed by both Parties, and (ii) D.E. Shaw shall take all actions necessary to
transfer, or cause to be transferred, title to the TGS Shares, free and clear of all Liens, to Fintech (or its nominee or assignee), including, without limitation, effecting the transfer of the TGS Shares on </font><i><font size=2>Caja de Valores</font></i><font size=2> or any other clearing system, as applicable.  In the event that either (x) the Surviving Company Shares shall be delivered to a nominee or assignee of D.E. Shaw at Closing and/or (y) the TGS Shares shall be delivered to a nominee or assignee of Fintech at Closing, the respective Party shall provide the other Party with the name and relevant account information for such nominee at least two Business Days prior to the Closing.</font></p>


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    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='margin-left:0in;text-indent:0in; '><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>
        <td width="499" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Without limiting the generality of the provisions of Section 2.2(a), at the Closing:</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="101" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(i)</font></p> </td>
        <td width="475" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fintech shall deliver to D.E. Shaw (or its nominee or assignee) the following:</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="147" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p  style='margin-left:0in;text-indent:0in; '><font size=1>&nbsp;</font></p> </td>
        <td width="44" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(A)</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>an executed counterpart of the Share Transfer Certificate, substantially in the form of </font><u><font size=2>Exhibit A</font></u><font size=2>, relating to the transfer of the Surviving Company Shares; and</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="147" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p  style='margin-left:0in;text-indent:0in; '><font size=1>&nbsp;</font></p> </td>
        <td width="44" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(B)</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>executed counterparts of the Assignment Agreement (executed by each party thereto except D.E. Shaw), substantially in the form of </font><u><font size=2>Exhibit B</font></u><font size=2>, relating to the transfer and assignment of Fintech&#146;s rights, benefits and privileges under the Fintech-AEI Exchange Agreement.</font></p> </td> </tr></table>
</div>



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    <tr >
        <td width="95" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(ii)</font></p> </td>
        <td width="475" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>D.E. Shaw shall deliver to Fintech (or its nominee or assignee) the following:</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="144" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p  style='margin-left:0in;text-indent:0in; '><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(A)</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>executed counterparts of each of the agreements and transfer documents referred to in sub-clauses (A) and (B) of clause (i) above.</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="260" style='border-collapse:collapse; '>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.3.</font></p> </td>
        <td width="164" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Post-Closing Deliveries</font></u><font size=2>.  </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.99in;text-align:left;'><font size=2>Following Fintech&#146;s delivery of the executed Share Transfer Certificate to the Surviving Company at Closing, Fintech shall use its reasonable best efforts to promptly obtain from the Surviving Company an updated copy of the Surviving Company&#146;s register of members reflecting D.E. Shaw&#146;s (or its nominee&#146;s or assignee&#146;s) ownership of the Surviving Company Shares.  Upon its receipt of such updated copy of the Surviving Company&#146;s register of members from the Surviving Company, Fintech shall promptly provide D.E. Shaw with a copy of such register of members.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF D.E. SHAW</font></U></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>D.E.
  Shaw hereby represents and warrants to Fintech that as of the date of this Agreement
  and (unless otherwise indicated below) as of the Closing:</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="319" style='border-collapse:collapse; '>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.1.</font></p> </td>
        <td width="223" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization and Related Matters</font></u><font size=2>.  </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>D.E. Shaw is a limited liability company duly organized and validly existing under the Laws of the State of Delaware and has all requisite power and authority to own, license, use, lease and operate its assets and properties and to carry on its business.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>D.E. Shaw is duly qualified to do business in all jurisdictions in which such qualification is necessary due to the nature of the property owned, leased or operated by it or the nature of the business conducted by it except where the failure to be so qualified would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of D.E. Shaw to perform its obligations under this Agreement or to consummate the transactions contemplated hereby.</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="315" style='border-collapse:collapse; '>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.2.</font></p> </td>
        <td width="219" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Authorization; No Conflicts</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>D.E. Shaw has the corporate power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby.  The execution, delivery and performance of this Agreement by D.E. Shaw and the consummation of the transactions contemplated hereby have been, or will be as of the Closing, duly and validly authorized by all necessary corporate action.  This Agreement has been duly executed and delivered by D.E. Shaw and constitutes a legally valid and binding obligation of D.E. Shaw enforceable against D.E. Shaw in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar Laws relating to creditors&#146; rights generally and by general equitable principles.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>The execution, delivery and performance by D.E. Shaw of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) conflict with, or constitute a breach or default under, its Organizational Documents, (ii) violate, or constitute a breach or default under, or result in the termination, acceleration or cancellation of, or the loss of benefit under, any Contract to which it is a party or by which its assets may be bound or affected (whether upon lapse of time and/or the occurrence of any act or event or otherwise) or (iii) violate any Law or Order applicable to it or by which its assets may be bound, other than, in the case of clauses (ii) and (iii) above as would not reasonably be expected to have, individually or in the aggregate, a material adverse
effect on its ability to perform its obligations under this Agreement or to consummate the transactions contemplated hereby.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Assuming the truth and accuracy of the representations and warranties of Fintech in Section 4 hereof and except for the Surviving Company&#146;s consent under the Assignment Agreement attached substantially in the form of </font><u><font size=2>Exhibit B</font></u><font size=2>, no Approval or third party consent or approval under any Contract to which D.E. Shaw is a party is necessary to be obtained or made by D.E. Shaw in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="147" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.3.</font></p> </td>
        <td width="51" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Title</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>D.E. Shaw is the sole beneficial owner of and has good and valid title to the TGS Shares, free and clear of any Lien.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>There is no funding obligation of any kind (whether fixed, contingent, conditional, or otherwise) in respect of the TGS Shares that D.E. Shaw or Fintech is or shall be required to pay or otherwise perform that D.E. Shaw has not paid or otherwise performed in full.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>3.4.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Compliance</font></u><font size=2>.  D.E. Shaw and its Affiliates are in compliance in all material respects with the applicable requirements of (a) the Anti-Money Laundering Laws and (b) the Trading With the Enemy Act and the International Emergency Economic Powers Act.  Neither D.E. Shaw nor any of D.E. Shaw&#146;s directors or executive officers is a Person included on the OFAC List.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>3.5.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Restricted Securities</font></u><font size=2>.  D.E. Shaw understands that the Surviving Company Shares have not been registered under the Securities Act or the securities or blue sky Laws of any State of the United States or any other jurisdiction.  D.E. Shaw has such knowledge and experience in financial and business matters so that it is capable of evaluating the merits and risks of holding the Surviving Company Shares and has the capacity to protect its own interests.  D.E. Shaw is able to bear the economic risk of its investment in the Surviving Company Shares indefinitely.  D.E. Shaw is acquiring the Surviving Company Shares for its own account for investment only, and not with a view towards a distribution thereof in violation of the Securities Act.  D.E. Shaw is an accredited
investor within the meaning of Regulation D under the Securities Act.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>3.6.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Public Market</font></u><font size=2>.  D.E. Shaw understands that no public market now exists for any of the shares in the Surviving Company&#146;s capital, and that Fintech has made no assurances that a public market will ever exist for such shares. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>3.7.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No Other Representations</font></u><font size=2>.  Except as expressly provided above, or elsewhere in this Agreement, D.E. Shaw does not make, and D.E. Shaw hereby expressly disclaims, any representation or warranty to Fintech of any kind or nature, written or oral, statutory, express or implied.  Without limiting the generality of the foregoing, except as expressly provided above or elsewhere in this Agreement, D.E. Shaw does not make, and hereby expressly disclaims, any representation or warranty to Fintech of any kind or nature, written or oral, statutory, express or implied, as to (i) the condition, value or quality of TGS&#146;s assets, (ii) the prospects (financial and otherwise), risks and other incidents of TGS&#146;s assets or business or (iii) any other matters of any nature
whatsoever arising out of or relating to this Agreement and the transactions contemplated hereby.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>REPRESENTATIONS AND WARRANTIES OF FINTECH</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Fintech hereby represents and warrants to D.E. Shaw that as of the date of this Agreement and (unless otherwise indicated below) as of the Closing:</font></p>


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    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.1.</font></p> </td>
        <td width="223" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Organization and Related Matters</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Fintech is a limited liability company duly organized and validly existing under the laws of the State of Delaware and has all requisite power and authority to own, license, use, lease and operate its assets and properties and to carry on its business.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Fintech is duly qualified to do business in all jurisdictions in which such qualification is necessary due to the nature of the property owned, leased or operated by it or the nature of the business conducted by it except where the failure to be so qualified would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of Fintech to perform its obligations under this Agreement or to consummate the transactions contemplated hereby.</font></p>
<p style='page-break-before:always'></p>
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    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.2.</font></p> </td>
        <td width="219" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Authorization; No Conflicts</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Fintech has the corporate power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby.  The execution, delivery and performance of this Agreement by Fintech and the consummation of the transactions contemplated hereby have been, or will be as of the Closing, duly and validly authorized by all necessary corporate action.  This Agreement has been duly executed and delivered by Fintech and constitutes a legally valid and binding obligation of Fintech enforceable against Fintech in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar Laws relating to creditors&#146; rights generally and by general equitable principles.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>The execution, delivery and performance by Fintech of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) conflict with, or constitute a breach or default under, its Organizational Documents, (ii) violate, or constitute a breach or default under, or result in the termination, acceleration or cancellation of, or the loss of benefit under, any Contract to which it is a party or by which its assets may be bound or affected (whether upon lapse of time and/or the occurrence of any act or event or otherwise) or (iii) violate any Law or Order applicable to it or by which its assets may be bound, other than, in the case of clauses (ii) and (iii) above as would not reasonably be expected to have, individually or in the aggregate, a material adverse
effect on its ability to perform its obligations under this Agreement or to consummate the transactions contemplated hereby.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Assuming the truth and accuracy of the representations and warranties of D.E. Shaw in Section 3 hereof and except for the Surviving Company&#146;s consent under the Assignment Agreement attached substantially in the form of </font><u><font size=2>Exhibit B</font></u><font size=2>, no Approval or third party consent or approval under any Contract to which Fintech is a party is necessary to be obtained or made by Fintech in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby. </font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="147" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.3.</font></p> </td>
        <td width="51" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Title</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Fintech is the sole beneficial owner of and has good and valid title to the Surviving Company Shares, free and clear of any Lien (except for any applicable limitations under the Shareholders Agreement).  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>There is no funding obligation of any kind (whether fixed, contingent, conditional, or otherwise) in respect of the Surviving Company Shares that Fintech or D.E. Shaw is or shall be required to pay or otherwise perform that Fintech has not paid or otherwise performed in full.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>4.4.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Compliance</font></u><font size=2>.  Fintech and its Affiliates are in compliance in all material respects with the applicable requirements of (a) the Anti-Money Laundering Laws and (b) the Trading With the Enemy Act and the International Emergency Economic Powers Act.  Neither Fintech nor any of Fintech&#146;s directors or executive officers is a Person included on the OFAC List.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>4.5.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>No
  Other Representations</font></u><font size=2>. Except as expressly provided
  above, or elsewhere in this Agreement, Fintech does not make, and Fintech hereby
  expressly disclaims, any representation or warranty to D.E. Shaw of any kind
  or nature, written or oral, statutory, express or implied. Without limiting
  the generality of the foregoing, except as expressly provided above or elsewhere
  in this Agreement, Fintech does not make, and hereby expressly disclaims, any
  representation or warranty to D.E. Shaw of any kind or nature, written or oral,
  statutory, express or implied, as to (i) the condition, value or quality of
  the Surviving Company&#146;s assets, (ii) the prospects (financial and otherwise),
  risks and </font><font size=2>other incidents of the Surviving Company&#146;s
  assets or business or (iii) any other matters of any nature whatsoever arising
  out of or relating to this Agreement and the transactions contemplated hereby.
  </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 5</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>CONDITIONS TO OBLIGATIONS OF PARTIES </font></U><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>5.1.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Conditions Precedent to Obligations of All Parties</font></u><font size=2>.  The obligations of D.E. Shaw and Fintech to consummate the Closing are subject to there not being in effect, on or prior to the Closing, any applicable Law or Order issued by any court or other Governmental Entity of competent jurisdiction with valid enforcement authority restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated by this Agreement.  The foregoing condition may be waived, in whole or in part, by mutual agreement of D.E. Shaw and Fintech, to the extent permitted by Law.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>5.2.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Conditions to Obligations of D.E. Shaw</font></u><font size=2>.  D.E. Shaw&#146;s obligation to consummate the Closing is subject to the fulfillment on or prior to the Closing of the following conditions, which conditions may be waived, in whole or in part, at the option of D.E. Shaw to the extent permitted by Law:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties Correct</font></u><font size=2>.  The representations and warranties made by Fintech in Section 4 hereof shall be true and correct when made, and shall be true and correct on and as of the Closing, except those representations and warranties that speak as of a certain date or time, provided such representations and warranties shall have been true and correct as of such date.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Covenants</font></u><font size=2>.  All covenants, agreements and conditions contained in this Agreement to be performed by Fintech on or prior to the Closing shall have been performed or complied with in all material respects.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer&#146;s Certificate</font></u><font size=2>.  Fintech shall have delivered to D.E. Shaw a certificate of an officer of Fintech certifying that the closing conditions set forth in Sections 5.2(a) and 5.2(b) have been satisfied. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Deliveries</font></u><font size=2>.  Fintech shall have duly executed and delivered each of the agreements, documents and instruments contemplated under Section 2.2 of this Agreement to be executed and delivered by it.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>5.3.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Conditions to Obligations of Fintech</font></u><font size=2>.  Fintech&#146;s obligation to consummate the Closing is subject to the fulfillment on or prior to the Closing of the following conditions, which conditions may be waived, in whole or in part, at the option of Fintech to the extent permitted by Law:</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Representations and Warranties Correct</font></u><font size=2>.  The representations and warranties made by D.E. Shaw in Section 3 hereof shall be true and correct when made, and shall be true and correct on and as of the Closing, except those representations and warranties of D.E. Shaw that speak as of a certain date or time, provided such representations and warranties shall have been true and correct as of such date.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Covenants</font></u><font size=2>.  All covenants, agreements and conditions contained in this Agreement to be performed by D.E. Shaw on or prior to the Closing shall have been performed or complied with in all material respects.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Officer&#146;s Certificate</font></u><font size=2>.  D.E. Shaw shall have delivered to Fintech a certificate of an officer of D.E. Shaw certifying that the closing conditions set forth in Sections 5.3(a) and 5.3(b) have been satisfied.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Deliveries</font></u><font size=2>.  D.E. Shaw shall have duly executed and delivered each of the agreements, documents and instruments contemplated under Section 2.2 of this Agreement to be executed and delivered by it.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>SECTION 6</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>MISCELLANEOUS</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.1.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Survival</font></u><font size=2>.  All of the representations and warranties contained in Sections 3 and 4 of this Agreement shall survive the execution and delivery hereof and the consummation of the transactions contemplated hereby. </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.2.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Counterparts</font></u><font size=2>.  This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when two or more counterparts have been signed by each of the Parties and delivered (including by facsimile) to the other Party.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="541" style='border-collapse:collapse; '>
    <tr >
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.3.</font></p> </td>
        <td width="445" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Governing Law; Jurisdiction and Forum; Waiver of Jury Trial</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><B><font SIZE=2>THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, ENFORCED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  EACH OF THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF ANY COURT OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY, NEW YORK AND ANY FEDERAL COURT LOCATED IN NEW YORK COUNTY, NEW YORK WITH RESPECT TO ANY PROCEEDING RELATING TO THIS AGREEMENT.  FURTHER, EACH OF THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION OR DEFENSE THAT IT MAY HAVE BASED ON IMPROPER VENUE OR </font></B><I><B><font SIZE=2>FORUM NON CONVENIENS</font></B></I><b><font size=2> TO THE CONDUCT OF ANY SUCH PROCEEDING IN ANY SUCH COURTS.  THE PARTIES AGREE
THAT ANY OR ALL OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ANY OBJECTIONS TO VENUE OR TO CONVENIENCE OF FORUM.  EACH OF THE PARTIES (ON BEHALF OF ITSELF AND ITS AFFILIATES) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING WILL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY APPLICABLE LAW.</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>To the extent that any Party has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, each Party hereby irrevocably waives such immunity in respect of its obligations with respect to this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><B><font SIZE=2>EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.  EACH PARTY CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH ABOVE IN THIS SECTION 6.3.</font></B></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.4.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Entire Agreement</font></u><font size=2>.  This Agreement, and the exhibits hereto contain the entire agreement among the Parties with respect to the subject matter hereof and there are no agreements, understandings, representations or warranties between the Parties other than those set forth or referred to herein.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.5.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Notices</font></u><font size=2>.  All notices and other communications to be given to any Party shall be sufficiently given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service or three days after being mailed by certified or registered mail, return receipt requested, with appropriate postage prepaid, or when received in the form of a telegram or facsimile and shall be directed to the address or facsimile number set forth below (or at such other address or facsimile number as such Party shall designate by like notice):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="283" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:1.0in;text-indent:-.5in;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If to D.E. Shaw:</font></p> </td>
        <td width="355" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>120 West 45th Street</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>39th Floor, Tower 45</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>New York, NY 10036</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention: Brandon Baer</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid; height:85.7pt'>
        <td width="283" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:85.7pt'>
            <p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If to Fintech:</font></p> </td>
        <td width="355" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:85.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=2>c/o Fintech Advisory Inc.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:129.6%'><font size=2>375 Park Avenue, Suite 3804 </font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>New York, NY 10152</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Julio Herrera</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=2>Facsimile:  +1 212 593 3461</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.6.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Successors and Assigns</font></u><font size=2>.  This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.  Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person not a party to this Agreement.  Except as expressly contemplated hereby, no Party may delegate any or all of its obligations under this Agreement without the express prior written consent of each other Party; for the avoidance of doubt, nothing in this Section or elsewhere in this Agreement shall be construed to restrict in any way or otherwise affect each Party&#146;s right to assign such Party&#146;s rights, benefits and privileges (but not its obligations) under this Agreement or to freely transfer
the TGS Shares (in the case of Fintech) or the Surviving Company Shares (in the case of D.E. Shaw) in accordance with any applicable securities Laws (and, in the case of the Surviving Company Shares, the terms of the Shareholders Agreement).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.7.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Headings</font></u><font size=2>.  The Section headings contained in this Agreement are inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement.  All references to Sections contained herein mean Sections of this Agreement unless otherwise stated.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.8.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Amendments and Waivers</font></u><font size=2>.  This Agreement may not be modified or amended except by an instrument or instruments in writing signed by the Parties.  Any Party may, only by an instrument in writing, waive, only as to itself, compliance by the other Party with any term or provision of this Agreement on the part of such other Party to be performed or complied with.  The waiver by any Party of a breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent breach.  Except as otherwise expressly provided herein, no failure to exercise, delay in exercising or single or partial exercise of any right, power or remedy by any party, and no course of dealing between the Parties, shall constitute a waiver of any such right, power or remedy.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.9.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Severability</font></u><font size=2>.
  If any provision of this Agreement shall be held invalid, illegal or unenforceable,
  the validity, legality or enforceability of the other provisions of this Agreement
  shall not </font><font size=2>be affected thereby, and there shall be deemed
  substituted for the provision at issue a valid, legal and enforceable provision
  as similar as possible to the provision at issue.</font></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.10.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Interpretation</font></u><font size=2>.  The phrase &#147;including&#148; shall be deemed to be followed by &#147;without limitation.&#148; The words &#147;hereof,&#148; &#147;hereby,&#148; &#147;herein,&#148; &#147;hereunder&#148; and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular Section in which such words appear.  In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement.  Except as otherwise expressly provided in this Agreement, all references to &#147;$&#148; or &#147;dollars&#148;, if any, shall be to the lawful
currency of the United States and all references to &#147;<img src="img1.gif"><br> <sub></sub>&#147; or &#147;Euros&#148;, if any, shall be to the lawful currency of the European Union.  All capitalized terms defined herein are equally applicable to both the singular and plural forms of such terms.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.11.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Further Assurances</font></u><font size=2>.  From time to time after the date hereof, without additional consideration, each of the Parties will (or, if appropriate, cause their subsidiaries or Affiliates to) execute and deliver such further instruments and take such other action as may be necessary to make effective the transactions contemplated by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>6.12.</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Public Announcements</font></u><font size=2>.  Except as otherwise required by applicable Law, no Party nor any of its respective Affiliates, agents or representatives, shall issue any press release or public statement concerning this Agreement or the transactions contemplated hereby, without obtaining the prior written approval of the other Party, which consent shall not be unreasonably withheld or delayed; </font><u><font size=2>provided</font></u><font size=2>, that if a press release or other public statement is required by applicable Law, the Party intending to make such release or statement shall give the other Party prior notice and shall use its best efforts to consult with the other Party with respect to the text therein.  </font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="192" style='border-collapse:collapse; '>
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        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in;page-break-after:avoid'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>6.13.</font></p> </td>
        <td width="96" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination</font></u><font size=2>.  </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>This Agreement may be terminated, and the transactions contemplated by this Agreement may be abandoned at any time prior to the Closing by:</font></p>


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        <td width="95" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p  style='text-indent:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(i)</font></p> </td>
        <td width="381" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>the mutual written agreement of D.E. Shaw and Fintech;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.99in;text-align:left;'><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>either D.E. Shaw or Fintech if any court of competent jurisdiction or other competent Governmental Entity shall have issued a statute, rule, regulation, order, decree or injunction or taken any other action permanently restraining, enjoining or otherwise prohibiting all or any portion of the transactions contemplated by this Agreement and such statute, rule, regulation, order, decree or injunction or other action shall have become final and nonappealable;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.99in;text-align:left;'><font size=2>(iii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>D.E. Shaw, in the event of a material breach of this Agreement by Fintech if Fintech fails to cure such breach within five Business Days following notification thereof by D.E. Shaw; </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.99in;text-align:left;'><font size=2>(iv)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Fintech, in the event of a material breach of this Agreement by D.E. Shaw if D.E. Shaw fails to cure such breach within five Business Days following notification thereof by Fintech; or</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.99in;text-align:left;'><font size=2>(v)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>either D.E. Shaw or Fintech if the Closing shall not have occurred on or before January 31, 2007, unless the failure to consummate the Closing is due to the failure to act by the terminating party or its Affiliates.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>If this Agreement is validly terminated pursuant to Section 6.13(a), this Agreement will forthwith become null and void and have no further effect, without any liability on the part of any party hereto or its Affiliates, directors, officers or stockholders, other than the provisions of Section 6 hereof.  Nothing contained in this Section 6.13(b) shall relieve any party from liability for any breach of this Agreement occurring prior to termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>[</font><i><font size=2>signature page follows</font></i><font size=2>]</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>IN WITNESS WHEREOF, each of the undersigned, intending to be legally bound, has caused this Agreement to be duly executed and delivered on the date first set forth above.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.26in; text-indent:-0.25in;text-align:left;'><font size=2>&nbsp;</font></p>


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        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>FINTECH
          ENERGY LLC</font></B></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr>
    <tr >
        <td width="396" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt; margin-left:0in;text-indent:0in'><font size=2>By:  _____________________________________</font><br> <font size=2>Name:  ___________________________________</font><br> <font size=2>Title:  ____________________________________</font><u></u></p> </td> </tr>
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        <td width="396" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt; margin-left:0in;text-indent:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="396" valign=top style='padding:0in 5.4pt 0in 5.4pt'>

        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>D.E.
          Shaw LAMINAR EMERGING MARKETS, L.L.C.</font></b></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p>
      </td> </tr>
    <tr >
        <td width="396" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt; margin-left:0in;text-indent:0in'><font size=2>By:  _____________________________________</font><br> <font size=2>Name:  ___________________________________</font><br> <font size=2>Title:  ____________________________________</font><u></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXHIBIT A</font></B></p>

<p style=' margin-bottom:18pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FORM OF SHARE TRANSFER CERTIFICATE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font SIZE=2>ASHMORE ENERGY INTERNATIONAL</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(THE "COMPANY")</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SHARE TRANSFER CERTIFICATE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Fintech Energy LLC (the "</font><b><font size=2>Transferor</font></b><font size=2>"), for good and valuable consideration received by it from D.E. Shaw Laminar Emerging Markets, L.L.C. (the "</font><b><font size=2>Transferee</font></b><font size=2>"), does hereby:</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>transfer to the Transferee 1,024,630.40 ordinary shares in the capital of the Company (the "</font><b><font size=2>Shares</font></b><font size=2>") standing in its name in the register of members of the Company to hold unto the Transferee, its executors, administrators and assigns, subject to the several conditions on which it held the same at the time of execution of this Share Transfer Certificate; and</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
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        <td width="48" valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>
        <td  valign=top style='padding:0in 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>consent that its name remain on the register of members of the Company until such time as the Company enters the Transferee's name in the register of members of the Company.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>And the Transferee does hereby agree to take the Shares subject to the same conditions</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>As Witness Our Hands</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr style='height:85.5pt'>
        <td width="305" valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Signed by the Transferor on January [__], 2007</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>in the presence of:</font></p> </td>
        <td width="28" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:1.0pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td>
        <td width="305" valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.25in'>
        <td width="305" valign=top style='padding:0in 5.4pt 0in 5.4pt;height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Witness</font></p> </td>
        <td width="28" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td>
        <td width="305" valign=top style='padding:0in 5.4pt 0in 5.4pt;height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Transferor</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr style='height:85.5pt'>
        <td width="305" valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Signed by the Transferee on January [__], 2007</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>in the presence of:</font></p> </td>
        <td width="28" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:1.0pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td>
        <td width="305" valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:85.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.25in'>
        <td width="305" valign=top style='padding:0in 5.4pt 0in 5.4pt;height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Witness</font></p> </td>
        <td width="28" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=1>&nbsp;</font></p> </td>
        <td width="305" valign=top style='padding:0in 5.4pt 0in 5.4pt;height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6pt;margin-bottom:6pt'><font size=2>Transferee</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXHIBIT B</font></B></p>

<p style=' margin-bottom:30pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FORM OF ASSIGNMENT AGREEMENT</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>ASSIGNMENT AGREEMENT</font></B></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>This Assignment Agreement (the &#147;</font><u><font size=2>Agreement</font></u><font size=2>&#148;) is made as of January [__], 2007, by and between Fintech Energy LLC, a limited liability company organized under the laws of the State of Delaware (&#147;</font><u><font size=2>Assignor</font></u><font size=2>&#148;), and D.E. Shaw Laminar Emerging Markets, L.L.C., a limited liability company organized under the laws of the State of Delaware (&#147;</font><u><font size=2>Assignee</font></u><font size=2>,&#148; and together with Assignor, the &#147;</font><u><font size=2>Parties</font></u><font size=2>&#148;).  Capitalized terms used but not otherwise defined herein shall have the meanings given such terms in the Stock Exchange Agreement (as defined herein).</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>R</font></U><font size=2> </font><U><font SIZE=2>E</font></U><font size=2> </font><U><font SIZE=2>C</font></U><font size=2> </font><U><font SIZE=2>I</font></U><font size=2> </font><U><font SIZE=2>T</font></U><font size=2> </font><U><font SIZE=2>A</font></U><font size=2> </font><U><font SIZE=2>L</font></U><font size=2> </font><U><font SIZE=2>S</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, Ashmore Energy International Limited, a Cayman Islands exempted company (together with its successors, &#147;</font><U><font SIZE=2>AEI</font></U><font size=2>&#148;), and Assignor entered into an Exchange Agreement, dated December 29, 2006 (the &#147;</font><u><font size=2>Fintech-AEI Exchange Agreement</font></u><font size=2>&#148;); </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, Assignor and Assignee entered into a Stock Exchange Agreement (the &#147;</font><u><font size=2>Stock Exchange Agreement</font></u><font size=2>&#148;), dated as of December 29, 2006, pursuant to which, among other things, Assignor agreed to sell, assign and transfer to Assignee the Surviving Company Shares in exchange for the TGS Shares held by Assignee, subject to the terms and conditions set forth in the Stock Exchange Agreement; and</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>WHEREAS, in connection with the transactions contemplated under the Stock Exchange Agreement, Assignor shall assign and transfer to Assignee all of Assignor&#146;s rights, benefits and privileges under the Fintech-AEI Exchange Agreement.  </font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties agree as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECTION 1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>ASSIGNMENT</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>1.1</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Assignment and Acceptance</font></u><font size=2>.  Assignor hereby sells, assigns and transfers to Assignee, effective as of the date hereof, all of Assignor&#146;s rights, benefits and privileges under the Fintech-AEI Exchange Agreement (the &#147;</font><u><font size=2>Assigned Interests</font></u><font size=2>&#148;).  Assignee hereby irrevocably accepts such Assigned Interests from Assignor, effective as of the date hereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECTION 2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><U><font SIZE=2>MISCELLANEOUS</font></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.1</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Surviving Company&#146;s Consent</font></u><font size=2>.  The Parties agree to cooperate and exercise their best efforts to obtain the Surviving Company&#146;s consent to Assignor&#146;s assignment of the Assigned Interests to Assignee as contemplated hereby.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.2</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Further Assurances</font></u><font size=2>.  Each Party shall execute such other documents and take such further reasonable actions as may be required or reasonably requested by the other Party to consummate the transactions contemplated herein.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.3</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Successors and Assigns</font></u><font size=2>.  This Agreement will be binding upon the Parties and their respective assigns and successors in interest and will inure solely to the benefit of the Parties and their respective assigns and successors in interest, and no other person or entity will be entitled to any of the benefits conferred by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.4</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Headings; Interpretation</font></u><font size=2>.  The headings contained in this Agreement are for reference purposes only and shall not be construed as part of this Agreement.  Any term defined by reference to any agreement, instrument or document has the meaning so assigned to it whether or not such agreement, instrument or document is in effect.  Unless the context otherwise requires, any agreement, instrument or other document defined or referred to herein shall be construed as defining or referring to such agreement, instrument or other document as from time to time amended, modified or supplemented.  Unless the context otherwise requires, references herein to any person or entity shall be construed to include its successors and assigns.  The words &#147;shall&#148; and
&#147;will&#148; shall be construed to have the same meaning and effect.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.5</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Counterparts</font></u><font size=2>.  This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Party.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.6</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Entire Agreement</font></u><font size=2>.  This Agreement contains the entire agreement and understanding between the Parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to such subject matter.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.7</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Severability</font></u><font size=2>.  If any term or provision of this Agreement, or the application thereof to any person or circumstance, shall, to any extent, be invalid or unenforceable, the remainder of this Agreement or its application to other persons and circumstances shall not be affected thereby, and each term and provision hereof shall be enforced to the fullest extent permitted by law.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.8</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Amendments; Waiver</font></u><font size=2>.  This Agreement may be amended only by a written instrument signed by Assignee and Assignor.  No provisions of this Agreement shall be deemed waived except by an instrument in writing signed by the Party sought to be bound.  No failure or delay by any Party in exercising any right or remedy hereunder shall operate as a waiver thereof, and a waiver of a particular right or remedy on one occasion shall not be deemed a waiver of any other right or remedy or a waiver on any subsequent occasion.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.9</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Governing Law; Jurisdiction</font></u><font size=2>.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.  Each of the Parties irrevocably submits to the nonexclusive jurisdiction of the federal and state courts of the State of New York sitting in the Borough of Manhattan in connection with any action or proceeding relating to or arising out of the transactions contemplated under this Agreement.  Each Party irrevocably waives to the fullest extent permitted by applicable law any claim that any such action or proceeding brought in any such court has been brought in an inconvenient forum.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>2.10</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Fees and Expenses</font></u><font size=2>.  Except as otherwise expressly provided in this Agreement, each of the Parties shall bear its own expenses in connection with the negotiation and preparation of, and the consummation of the transactions contemplated by, this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><font size=2>[</font><i><font size=2>Signature pages follow</font></i><font size=2>]</font></p>
<p style='page-break-before:always'></p>
<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.52in;text-align:left;'><font size=2>IN WITNESS WHEREOF, each of Assignee and Assignor has executed, or caused this Agreement to be executed by its duly authorized officer, as the case may be, as of the date first above written.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="638" style='margin-left:215.05pt;border-collapse:collapse'>
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        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><font SIZE=2>FINTECH
          ENERGY LLC</font></p>
        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '>&nbsp;</p>
        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><br>
        </p>
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            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>By:  _________________________________________</font><u></u></p> </td> </tr>
    <tr >

      <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'> <font size=2>Name:
        _______________________________________</font><br>
        <font size=2>Title: ________________________________________</font></td>
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            <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><font size=1>&nbsp;</font></p> </td> </tr>
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            <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><font size=1>&nbsp;</font></p> </td> </tr>
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        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '><font size=2>D.E.
          Shaw LAMINAR EMERGING MARKETS, L.L.C.</font> </p>
        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '>&nbsp;</p>
        <p  style='margin:0in;margin-bottom:.0001pt;text-indent:0in; '>&nbsp; </p>
      </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>By:  __________________________________________</font><u></u></p> </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>Name:  _______________________________________</font><br> <font size=2>Title:  ________________________________________</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.25in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>Acknowledged and Accepted as of the date hereof:</font></p> </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>

        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:24.0pt'><font SIZE=2>ASHMORE
          ENERGY INTERNATIONAL</font></p>
        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:24.0pt'>&nbsp;</p>
      </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>By  ____________________________________</font><u></u></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='margin-bottom:0in; text-indent:0in'><font size=2>Name:</font><br> <font size=2>Title:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.23in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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