<SEC-DOCUMENT>0001104659-20-110428.txt : 20200930
<SEC-HEADER>0001104659-20-110428.hdr.sgml : 20200930
<ACCEPTANCE-DATETIME>20200930162351
ACCESSION NUMBER:		0001104659-20-110428
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200930
DATE AS OF CHANGE:		20200930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
		CENTRAL INDEX KEY:			0001520504
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36059
		FILM NUMBER:		201212500

	BUSINESS ADDRESS:	
		STREET 1:		AV. ANTONIO DOVAL? JAIME NO. 70
		STREET 2:		PISO 13
		CITY:			COL. ZEDEC SANTA FE
		STATE:			O5
		ZIP:			01210
		BUSINESS PHONE:		(52) 55-5261-6400

	MAIL ADDRESS:	
		STREET 1:		AV. ANTONIO DOVAL? JAIME NO. 70
		STREET 2:		PISO 13
		CITY:			COL. ZEDEC SANTA FE
		STATE:			O5
		ZIP:			01210
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2032070d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>For the month of September 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Commission File Number: 001-36059</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>



<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Controladora Vuela Compa&ntilde;&iacute;a
de Aviaci&oacute;n, S.A.B. de C.V.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Name of Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Av. Antonio Doval&iacute; Jaime No. 70,
13 Floor, Tower B </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Colonia Zedec Santa Fe </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>United Mexican States, Mexico City 01210
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>+(52) 55-5261-6400 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of Principal
Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form
20-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yes&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If &ldquo;Yes&rdquo; is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Pursuant
to the requirements of the Securities Exchange Act of 1934, Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B.
de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date: September 30, 2020</FONT></TD>
<TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif">/s/ Enrique J. Beltranena Mejicano </FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:&nbsp;&nbsp;</FONT></TD>
<TD>Enrique J. Beltranena Mejicano</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>Title:</TD>
<TD>President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT>&nbsp;&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">/s/ Jaime E. Pous Fern&aacute;ndez</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:&nbsp;&nbsp;</FONT></TD>
<TD>Jaime E. Pous Fern&aacute;ndez</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>Title:</TD>
<TD>Senior Vice President</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>Chief Legal Officer and Corporate Affairs</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B></B>The following exhibit is filed as part of this Form 6-K:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; text-align: center; white-space: nowrap; width: 0.9in">Exhibit</TD>
<TD STYLE="padding-bottom: 1pt; width: 0.1in">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">Description</TD></TR>
<TR>
<TD STYLE="padding-top: 5pt; text-align: center; white-space: nowrap; vertical-align: top; font-size: 10pt">99.48</TD>
<TD STYLE="padding-top: 5pt; text-align: left; vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
<TD STYLE="padding-top: 5pt; text-align: left; vertical-align: top; font-size: 10pt">Amended and restated by-laws of Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V. (English translation) </TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>



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<DOCUMENT>
<TYPE>EX-99.48
<SEQUENCE>2
<FILENAME>tm2032070d1_ex99-48.htm
<DESCRIPTION>EXHIBIT 99.48
<TEXT>
<HTML>
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     <TITLE></TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.48</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><I>[English Translation for information purposes
only]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONTROLADORA VUELA COMPA&Ntilde;&Iacute;A
DE AVIACI&Oacute;N, S.A.B. DE C.V.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CORPORATE BY-LAWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER ONE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>NAME, CORPORATE PURPOSE, TERM, DOMICILE
AND NATIONALITY</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FIRST. <U>Name</U></B>.
The name of the Company is &ldquo;Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n&rdquo; whose name shall always be
followed by the words &ldquo;Sociedad An&oacute;nima Burs&aacute;til&rdquo; or the abbreviation thereof, &ldquo;S.A.B.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SECOND. <U>Corporate
Purpose</U></B>. The purpose of the Company is to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Acquire,
under any legal title, shares, interests, participations, partnership interests, participation certificates, ordinary participation
certificates or any other securities, as they may be denominated, in any kind of commercial, civil or any other kind of entity,
domestic or foreign, whether participating in its incorporation or by subsequent acquisition and dispose, transfer and negotiate
such shares, interests, participations, partnership interests, participation certificates or ordinary participation certificates,
including any other instrument or security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Pursuant to the Securities Market Law (<I>Ley del Mercado de Valores</I>) and provided that the shares of the Company are
registered with the National Securities Registry (<I>Registro Nacional de Valores</I>), place or acquire shares representing its
capital stock, without granting to its shareholders preemptive rights to subscribe such shares, as permitted pursuant by the Mexican
Market Securities Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Hold any concession, license or authorization of any nature, derived from any legislation, granted by any foreign or Mexican
federal, state or municipal governmental authority that is necessary to conduct any legal business in any jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Operate, by any means and in any form, including through any entity, association or vehicle of any nature and regardless
its nationality, any legal business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Receive from other legal entities or persons, as well as render and provide to other legal entities or persons, either directly
or through its affiliates or subsidiaries, any service necessary for the achievement of its goals or purposes such as administrative,
financial, treasury, audit, marketing, preparation of balance sheets and budgets, preparation of programs and guidelines, analysis
of operations results, assessment, productivity data, preparation of studies on capital availability, technical assistance and
consulting or advisory services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Obtain, acquire, develop, market, improve, use, grant and receive licenses, concessions, permits and any kind of authorizations,
use under any legal title all kind of patents, trademarks, invention certificates, commercial names, utility models, industrial
designs, trade secrets and any other industrial property rights in any country and pursuant to any applicable law as well as copyright
and related or similar rights, or options upon such rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Obtain and grant all kind of loans, credits, financing and surety bonds (<I>fianzas</I>) (civil or commercial), as well
as issue debentures, commercial paper, participation certificates, ordinary participation certificates, stock certificates (<I>certificados
burs&aacute;tiles)</I>, debentures, promissory notes, bonds (<I>bonos</I>), warrants, bills of exchange and, in general, any negotiable
instrument, in series or in bulk, or any instrument representing obligations of the Company, which may be issued at this moment
or in the future, in the United Mexican States (&quot;<U>Mexico</U>&quot;) or abroad, pursuant to the laws of any jurisdiction,
to be placed among the public investors or among certain determined investors, through public or private offer, with or without
specific guarantee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Grant any type of security interests in real property, including pledge, mortgage or any other type of guaranty permitted
pursuant to applicable law (including foreign law), and execute any type of trusts or trust agreements, including guaranty trusts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Grant any type of personal guarantees, as guarantor, joint guarantor or under any other capacity pursuant to the laws of
any jurisdiction, and act as joint or several obligor, to guarantee obligations and debts of third parties (including subsidiaries
and affiliates).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Execute
any type of derivative financial transactions either in recognized stock markets or not, including without limitation, options,
forwards and warrants pursuant to Mexican or foreign law, regardless their denomination, the currency in which they are denominated,
its settlement form, or the relevant underlying assets, in any case, such instruments will be used exclusively as hedge instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Issue,
endorse, guarantee, accept and negotiate all kind of negotiable instruments of any nature governed under the laws of any jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Execute, supervise or hire, on its own behalf or on behalf of third parties, all kind of constructions, real estate developments,
urban developments, buildings or office facilities, operation centers or any type of establishment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Lease,
rent or enter into bailment, acquire, posses, exchange, transfer, convey, dispose or encumber the property or possession of any
type of movable and real property and other real property rights or personal rights thereof, which are necessary or convenient
for its purpose or for the operations or purposes of the commercial or civil entities, associations and institutions, of any nature
and regardless their denomination, in which the Company has any interest or participation of any nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Act
as broker, mediator, agent, legal representative, distributor or intermediary of any person or entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
production, transformation, adaptation, importation, exportation, lease and sale by any title of machinery, equipment, spare parts,
materials, raw materials, industrial products and merchandise of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Enter
into any kind of agreements, contracts, instruments and documents, including, but not limited to, purchase and sale agreements,
subscription agreements, capitalization agreements, credit agreements, loan agreements, lease agreements (financial or otherwise),
trust agreements, exchange agreements, management agreements, operation agreements, franchise agreements, services agreements,
technical assistance agreements, consulting agreements, marketing agreements, agency agreements, joint venture agreements, association
agreements and any other agreement pursuant to domestic or foreign law, as it may be necessary or convenient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Issue
non-subscribed shares, for their placement among the public, under the terms of Article 53 (fifty three) of the Mexican Securities
Market Law or any provision replacing it, in accordance with the procedure set forth in these By-Laws and the applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Undertake any action and create any committee as may be required or permitted by the applicable law, including the Mexican
Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In general, to carry out any type of act, and execute any type of agreements, instruments and documents, including those
of commercial and civil nature, permitted by the applicable law, in Mexico or in any other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.25in"><B>THIRD. <U>Term</U></B>.
The term of the Company is indefinite.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FOURTH. <U>Domicile</U>.</B>
The domicile of the Company will be Mexico City, Federal District. The Company may establish offices, warehouses, distribution
and sale centers, agencies, branches or any type of office necessary for its operations, and designate conventional domiciles in
or outside Mexico, without considering that the domicile has changed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FIFTH. <U>Nationality</U></B>.
The Company is of Mexican nationality. Any foreigner who at the time of incorporation or at any time thereafter acquires shares
of the Company, agrees with the Ministry of Foreign Affairs to be treated as Mexican national with respect to (a) the shares or
rights acquired of the Company and (b) the properties, rights, governmental concessions, participations or interests owned by the
Company and (c) any rights and obligations derived from the agreements entered into by the Company and, it shall be understood
that each foreigner agrees not to invoke the protection of his government, under penalty, in case of failure to comply with such
agreement, of forfeiture of the acquired rights and assets in favor of the Mexican nation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER TWO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CAPITAL STOCK AND SHARES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SIXTH. <U>Capital
Stock and Shares</U>. </B>The capital stock of the Company is variable. The minimum fixed portion, not subject to withdrawal, shall
be the sum of $65,346.00 (sixty five thousand three hundred and forty six pesos 00/100) M.N. and represented by Class I shares,
and the authorized variable stock shall be unlimited and represented by Class II shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company may issue shares of the following
Series:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Series A shares, which will be ordinary and nominative (the &ldquo;<U>Series A Shares</U>&rdquo;),
shall be only subscribed and paid for or acquired by Mexican individuals or Mexican entities with majority of Mexican capital (any
of them, a &ldquo;<U>Mexican Investor</U>&rdquo; and, jointly, the &ldquo;<U>Mexican Investors</U>&rdquo;), in accordance with
applicable laws on foreign investment and shall, at all times, represent at least 51% (fifty-one percent) of the outstanding capital
stock of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Series B shares, which will be ordinary and nominative, may be subscribed and paid for or acquired
without any distinctions by Mexican Investors or foreign investors in accordance with the applicable laws on foreign investment
in Mexico (the &ldquo;<U>Series B Shares</U>&rdquo;), being expressly stipulated that Series B Shares subscribed, paid-in or acquired
by Mexican Investors shall qualify as Mexican investment for the purposes provided by the Mexican law. All Series B Shares issued
by the Company shall not, at any time, exceed 49% (forty-nine percent) of the outstanding capital stock of the Company. Series
B Shares will have the rights set forth in these corporate by-laws and those determined by the General Shareholders Meeting approving
their issuance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Series B Shares issued by the
Company may be freely convertible into Series A shares, at any time (i) by notice in advance from the respective shareholder to
the Secretary of the Board of Directors submitted at least 5 (five) business days prior to the conversion date requested or (ii)
automatically, at the moment the respective shareholder transfers the Series B Shares he owns to a third party that is not an Affiliate
(as such term is defined below) or to another shareholder of Series B Shares. The Secretary of the Board of Directors will proceed
to convert the Series B Shares to Series A Shares, prior delivery by the respective shareholder of the shares certificates representing
the Series B Shares to be converted, against delivery of shares certificates representing the relevant Series A Shares and registration
of such exchange in the Stock Registry Book. Such conversion may be with respect to the totality or a part of the Series B Shares
covered by the certificates delivered, and in the case of partial conversion, the Secretary will issue new certificates reflecting
the Series B Shares that were not converted and representing the Series A Shares in which such were converted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">In case the shareholder requesting
the conversion is a foreign investor, at the moment of the conversion, the Company will contribute, on behalf of the relevant foreign
investor, the Series A Shares corresponding to the trustee of the neutral investment trust, issuer the ordinary participation certificates,
as indicated by the shareholder or by any third party who is a Mexican Investor and as indicated by the foreign investor that requested
the conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The mechanics of conversion under
this subsection shall be always observed and, in case of any breach hereof, the relevant conversion shall be ineffective against
the Company, its shareholders or any third party and such conversion will not be registered in the Stock Registry Book by the Secretary
of the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Any other kind of Shares different from the shares mentioned in paragraphs (a) and (b) above, with
special, preferred or limited rights, as determined by the General Shareholders Meeting of the Company and pursuant to Article
54 (fifty four) of the Mexican Securities Market Law, prior authorization from the National Banking and Securities Commission (<I>Comisi&oacute;n
Nacional Bancaria y de Valores</I>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Shares other than ordinary
shares, with no voting rights or with limited or restricted voting rights, may not exceed 25% (twenty five percent) of the capital
stock that the National Banking and Securities Commission deems placed among the public investors. Non-voting shares shall not
be taken into account when determining the quorum required for General Shareholders Meetings, whereas limited or restricted voting
shares shall only be taken into account in order to legally hold meetings at Shareholders Meetings to which their holders shall
be conveyed in order to exercise their voting right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the time of the
issuance of non-voting shares or shares with limited voting rights, the General Shareholders Meeting will determine the rights
corresponding to such shares. In any case, the non-voting shares or the shares with limited voting rights issued pursuant to the
paragraph above will be of a series different to the Series A Shares and the Series B Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SEVENTH. <U>Treasury
Shares; Placement</U></B>. The Company may issue unsubscribed shares, which shall be kept in the treasury of the Company and delivered
upon subscription and payment therefore.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, the
Company may issue unsubscribed shares for its placement among public investors, pursuant to and subject to compliance with, the
provisions set forth in Article 53 (fifty three) of the Mexican Securities Market Law, including the authorization for a public
offer from the National Banking and Securities Commission. The preemptive right referred to in Article 132 (one hundred thirty
two) of the Mexican General Corporations Law and Clause Twelve of these By-laws shall not apply to any increases of the capital
stock made through public offerings made in accordance with Article 53 (fifty three) of the Mexican Securities Market Law or any
regulation that may substitute it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>EIGHTH. <U>Acquisition
of Shares by the Company</U>; <U>Change of Control Provisions; Restrictions in the transfer of Series B Shares. </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Acquisition
of Shares by the Company</U></B>. The Company may acquire shares representing its own capital stock or negotiable instruments
or any other instruments that represents such shares without being subject to the prohibition established in the first paragraph
of Article 134 (one hundred thirty four) of the Mexican General Corporations Law. The acquisition of its own shares shall take
place in any national or foreign securities exchange or in any foreign market at market prices, except in case of public bids
or auctions authorized by the National Banking and Securities Commission. The acquisition of its own shares shall be made against
its net worth, in which case the Company may maintain the acquired shares with no need of reducing its capital stock, or, against
its capital stock, in which case such shares shall become unsubscribed and be maintained in its treasury, with no need of an agreement
by the General Shareholders Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The General Ordinary
Shareholders Meeting shall expressly agree for each fiscal year, the maximum amount of resources that may be used for the acquisition
of its own shares or negotiable instruments or other instruments representing them, with the only limitation being that the total
resources for the corresponding acquisition may not exceed the sum of the total net profits of the Company, including the profits
retained from previous years. In any event, the Company must be up to date in the payment of the obligations arising from debt
instruments registered with the National Securities Registry. The Board of Directors shall appoint the responsible persons of the
acquisition and placement of its own shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As long as the acquired
shares belong to the Company, such shares may not be represented or voted in the General Shareholders Meetings, nor exercise any
kind of corporate or economic rights with respect to such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The acquisition and
sale of shares under this Clause, the reports of the transactions about such transactions which shall be submitted to the General
Ordinary Shareholders Meeting, the rules of financial information disclosure, as well as the manner and terms under which these
transactions shall be reported to the National Banking and Securities Commission, the relevant stock exchange and the public investors,
shall be subject to the provisions of the Mexican Securities Market Law and the general provisions issued by such Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Change of Control Provisions</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>(A)</B></TD><TD STYLE="text-align: justify"><B><U>Defined terms</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">For purposes of this
paragraph of Clause Eighth, the following terms shall have the meanings ascribed to them:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Shares</U>&rdquo; means
any and all the shares representing the capital stock of the Company, of whatever class, series or name, or any security, instrument,
right (detachable or not, represented or not by any instrument, or resulting from contractual provisions and not by any instrument)
or instrument issued or created based on such shares, including ordinary participation certificates or depositary certificates
in respect thereto, irrespective of their governing law or the market where they may be placed, executed or granted, or of its
name, or that otherwise grants its holders rights to such shares or is convertible into or exchangeable for such shares, including
financial instruments and operations known as derivative transactions, options, warrants or other similar or equivalent rights
or instruments, or any complete or partial right in respect of or related to shares evidencing the capital stock of the Company,
including in all cases within the definition, notwithstanding they may not be strictly considered as shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Voting Arrangement</U>&rdquo;
shall have the meaning ascribed to such term in this Clause Eighth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Affiliate</U>&rdquo;
means (i) any company that Controls, is Controlled by, or is under common Control of any Person, and (ii) with respect to an individual,
any of the parents, siblings, spouse, previous spouse, concubines, direct descendants, without limit of degree, the spouses and
previous spouses of such descendants, as well as any trust or agreement or equivalent executed with the purpose to benefit such
individuals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Competitor</U>&rdquo;
means any Person involved, directly or indirectly, through any means and through any entity, vehicle or contract, in a preponderant
or sporadic manner, in (i) the business of air transportation services of passengers, cargo, currier and/or mixed, and/or (ii)
any activity in which the Company or any of its Subsidiaries is at any time involved, and which represents 5% (five per cent) or
more of the consolidated gross income of the Company and its Subsidiaries, <U>provided</U> that the Board of Directors may, on
a case by case basis, agree to exempt any Person from falling into this definition, by passing resolutions pursuant to these By-laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Consortium</U>&rdquo;
means the group of entities, of any nature, form or denomination, irrespective of their denomination or jurisdiction of incorporation,
connected amongst each other through one or more individuals that forming or not a Group of Persons, have Control over such entities,
<U>provided</U> that, as part of the concept entity, a trust or similar contract shall be deemed included regardless of the applicable
law under which such entities are incorporated or executed, and regardless its denomination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Control</U>&rdquo;,
 &ldquo;<U>Controls</U>&rdquo; or &ldquo;<U>Controlled</U>&rdquo; means, the ability of a Person or Group of Persons, whatever their
nature or denomination (including a Consortium or Corporate Group) and irrespective of the jurisdiction of incorporation or existence,
to carry out any of the following acts (i) impose, directly or indirectly, decisions in the general shareholders meetings or partners
meetings or equivalent bodies, or to appoint or remove the majority of the directors or equivalent positions in the Company, (ii)
maintain ownership of any class of Shares or rights derived from such shares, that allow, directly or indirectly, the exercise
of the voting right of more than 50% (fifty per cent) of the capital stock of the Company, or (iii) direct, or in any other form
determine, directly or indirectly, the management, the strategy or the principal policies of the Company, whether such ability
results from holding securities or from a contractual arrangement or from any other mean.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Relevant Directors</U>&rdquo;
means the Chief Executive Officer, as well as the individuals who by holding a position, post or commission in the Company or in
the entities Controlled by the such Company or Controlling such Company, make decisions that significantly transcend the administrative,
financial, operational or legal position of the Company or the Corporate Group to which it belongs, without comprising within this
definition the members of the Board of Directors or of the board of directors of the concerned Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Corporate Group</U>&rdquo;
means a group of entities, whatever their nature or denomination, irrespective of their jurisdiction of incorporation, organized
under a scheme of direct or indirect equity participation, or otherwise, in which one entity Controls the other entities, <U>provided</U>
that, as in the definition of entity, a trusts or similar agreements shall be deemed included, regardless of the laws under which
such trusts or similar arrangements are created or executed and regardless of their corporate name.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Group of Persons</U>&rdquo;
means the Persons, including Corporate Groups, that have entered into agreements, of any type, oral or written, apparent or implicit,
pursuant to which they have agreed make decisions in the same directions or to act jointly (even if not in the same direction).
It shall be presumed, unless otherwise evidenced, that the following are &ldquo;<U>Groups of Persons</U>&rdquo;:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">persons who are related by blood or law, up to the fourth degree, relation by affinity up to the
third degree, spouses and concubines;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">legal entities, whatever their nature and irrespective of their jurisdiction of incorporation,
that belong to the same Consortium or Corporate Group and the Person or Group of Persons that have Control over such legal entities,
<U>provided</U> that, in the definition of entity, trusts or similar agreements, regardless their denomination or the applicable
law under which such were executed or incorporated, shall be deemed included.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Significant Influence</U>&rdquo;
means the ownership of rights which allow, directly or indirectly, by any means, including through a Consortium, Group of Persons
or Corporate Group, the exercise of voting rights in respect of at least 20% (twenty per cent) of the capital stock of a Person,
<U>provided</U> that, in the definition of entity, trusts or similar agreements, regardless their denomination or the applicable
law under which such were executed or incorporated, shall be deemed included.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>20% Participation</U>&rdquo;
means the ownership or title, of at least the 20% (twenty per cent) or more of the shares, partnership interest or any other interest
regardless of whether it is held individually or jointly, directly or indirectly through a legal entity, trust or similar figure,
vehicle, enterprise, company, Consortium, Group of Persons of Corporate Group, or other form of economic or commercial association,
of any nature and however denominated, having legal existence or not and irrespective of its jurisdiction of organization, with
respect to any Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Person</U>&rdquo; means
any individual or legal entity, company, corporation, investment vehicle, trust or similar figure, vehicle, enterprise, or any
other form of economic or commercial association or any of its Subsidiaries or Affiliates, of any nature and however denominated,
having legal existence or not and irrespective of their jurisdiction of organization, or any Consortium, Group of Persons or Corporate
Group, acting or attempting to act jointly, in concert or in coordination for purposes of this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Related Parties</U>&rdquo;
means the Persons that, with respect to a Person or the Company, fall into any of the following categories:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Persons that Control or have Significant Influence or a 20% Participation in any legal entity
that is part of the Corporate Group or Consortium to which the Company belongs, as well as the directors, managers, or Relevant
Directors of the Persons comprising said Consortium or Corporate Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Persons with the decision making power, of any nature, in respect of any Person that belongs
to the Corporate Group or Consortium to which the relevant Person or the Company belongs;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the spouse or concubine and blood or civil relatives up to the fourth degree and relationship by
affinity up to the third degree, of the individuals referred to in paragraphs (a) and (b) above, as well as the partners and co-owners
of the persons mentioned in such paragraphs or those with whom they maintain business relationships;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the legal entities that belong to the same Corporate Group or Consortium as the respective Person
or Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the legal entities Controlled by any of the Persons referred to in paragraphs (a) through (c) above,
or in which such Persons have Significant Influence.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<U>Subsidiary</U>&rdquo;
means any corporation in which a Person is the owner of the majority of the shares of its capital stock or in which a Person has
the right to appoint the majority of the members of its board of directors (or equivalent body) or its manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>(B)</B></TD><TD STYLE="text-align: justify"><B><U>Authorization by the Board of Directors for the Acquisition of Securities.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">Any and all acquisition
or attempt of acquisition of Shares, of any kind, and whatever its form or denomination, that is intended to be performed by any
mean or title, whether it be through a single transaction or a succession of transactions, without any time limit between one and
another, including for these purposes mergers, consolidations or other similar transactions, directly or indirectly, by one or
more Persons, Related Parties, Groups of Persons, Corporate Groups or Consortiums, shall require, to be valid, the prior written
authorization of the Board of Directors, every time that the number of Shares that is intended to be acquired, together with the
Shares already held by the intended acquirer, directly or indirectly, results in a number equal or greater than any percentage
of capital stock of 5 (five) or any multiple of 5 (five).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The prior approval
by the Board of Directors shall be required regardless of whether the acquisition of the Shares is intended to be performed through
a stock exchange, directly or indirectly, in one or more transactions of whatever legal nature, simultaneously or successively,
without any time limit, in Mexico or abroad.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The prior written
approval by the Board of Directors will also be required, for the execution of any agreement of any kind, in oral or written form,
regardless their name, as a result of which voting mechanisms or arrangements, or agreements for associated voting or joint voting,
regardless of whether it is in the same direction, that imply a change in the Control of the Company, a 20% Participation or a
Significant Influence in the Company (each, a &ldquo;<U>Voting Arrangement</U>&rdquo; and jointly, the &ldquo;<U>Voting arrangements</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">For these purposes,
any Person who severally or jointly with any other Person, any Related Party, Group of Persons, Corporate Group or Consortium seeks
to carry out an acquisition (including mergers, consolidations or similar transactions), or enter into any Voting Arrangements,
shall comply with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">1.</TD><TD STYLE="text-align: justify">The interested parties must submit a written request for authorization to the Board of Directors.
Such request must be addressed and delivered through a notary public to the Chairman of the Board of Directors at the domicile
of the Company with a copy delivered to the Secretary of the Board of Directors of the Company. The request shall contain the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">a.</TD><TD STYLE="text-align: justify">the number and class or series of the Shares which the respective Person and/or any Related Party,
Group of Persons, Corporate Group or Consortium (i) owns or co-owns, whether directly or through any Person or Related Party, and/or
(ii) in respect of which, they share or enjoy any right, whether it be pursuant to an agreement or otherwise, including any Voting
Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">b.</TD><TD STYLE="text-align: justify">the number and class or series of Shares that are intended to be purchased, whether directly or
indirectly, by any means or pursuant to a Voting Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">c.</TD><TD STYLE="text-align: justify">the number and class or series of the Shares pursuant to which any right is intended to be shared,
whether it is pursuant to a Voting Arrangement or otherwise;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">d.</TD><TD STYLE="text-align: justify">(i) the percentage that the Shares referred to in paragraph (a) above represent the total issued
Shares of the Company , (ii) the percentage that the Shares referred to in paragraph (a) represent of the total number of Shares
of the same class or series, (iii) the percentage that the Shares referred to in paragraphs (b) and (c) above, represent of the
total Shares issued by the Company, and (iv) the percentage that the Shares referred to in paragraphs (b) and (c) above represent
of the total number of Shares of the same class or series of Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">e.</TD><TD STYLE="text-align: justify">the identity and nationality of the Person or Persons, Group of Persons, Corporate Group or Consortium
that intends to purchase the Shares or execute the respective Voting Arrangement, <U>provided</U> that if any of them is a legal
entity, investment company, trust or its equivalent, or any other vehicle, entity, company or form of economic or commercial association,
of any nature, having legal existence or not, and incorporated under the laws of any jurisdiction, the identity and nationality
of the partners or shareholders, settlors and trustees, members of the technical committee, successors, managers, members or associates,
or its equivalents, shall be specified, as well as the identity and nationality of the Person or Persons that Control, directly
or indirectly, the legal entity, investment company, trust, vehicle, entity, company or form of economic or commercial association,
or equivalent, of any nature, having legal existence or not, and incorporated under the laws of any jurisdiction, until the Person
or individual who Controls or has any right, interest or final participation, of any nature, over the legal entity, trust or its
equivalent, vehicle, entity, company or any form of economic or commercial association, of any nature, having legal existence or
not, and incorporated under the laws of any jurisdiction, are identified;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">f.</TD><TD STYLE="text-align: justify">the reasons and objectives sought through the purchase of the Shares, subject of the requested
authorization, or the execution of the relevant Voting Arrangement specifically mentioning if it intends to purchase, directly
or indirectly, (i) any additional Shares to the ones referred to in the authorization request, (ii) a 20% Participation in the
Company, (iii) the Control of the Company, or (iv) Significant Influence in the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">g.</TD><TD STYLE="text-align: justify">if it is, directly or indirectly, a Competitor of the Company or of any Subsidiary or Affiliate
of the Company and if it has the legal capacity to purchase the Shares or enter into the relevant Voting Arrangement, in accordance
with the provisions of these By&ndash;Laws and the applicable law; where appropriate, if it is in the process of obtaining any
consent or authorization, indicate the person that will grant the consent or authorization, and the terms and time period within
which it expects to obtain it; and if the Person or Persons that intend to purchase the relevant Shares have Related Parties that
may be considered a Competitor of the Company or of any Subsidiary or Affiliate of the Company, or if it has any economic or business
relationship with a Competitor or any interest or participation whether in the form of an equity participation in or in the management
or operation of a Competitor, directly o by means of any Person or Related Party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">h.</TD><TD STYLE="text-align: justify">the source of the funds to be used to pay the price for the acquisition of the Shares intended
to be acquired; in the event that the source of the funds is a loan or other financing, the intended acquirer shall specify the
identity and nationality of the Person providing such funding, the financial statements or other proof that evidences the solvency
of such Person and shall deliver, as an attachment to the authorization request, the documentation evidencing and explaining the
terms and conditions of such financing, including a commitment, signed by such Person, not subject to any material conditions,
which shall include any collateral agreed upon to be provided. The Board of Directors may request that the intended acquirer (i)
post a bond (<I>fianza</I>), (ii) create a security trust, (iii) provide an irrevocable letter of credit, (iv) make a deposit,
or (v) provide any other security or guaranty approved by the Board of Directors, to secure up to 100% (one hundred percent) of
the price of the Shares that are intended to be purchased or that are the subject of the relevant Voting Arrangement, designating
the Company or the shareholders, through the Company, as the beneficiaries, and to secure the compensation for any damages and
losses that the Company or its shareholders may suffer as a consequence of any misstatements of the information provided or as
a consequence of the request or as a result of any action or omission of the applicant, directly or indirectly;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">i.</TD><TD STYLE="text-align: justify">if it has received funding in the form of a loan or in any other form, from a Related Party or
Competitor or has provided funding to a Related Party or Competitor, to obtain the funds to pay the Shares intended to be acquired
or to enter into the relevant Voting Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">j.</TD><TD STYLE="text-align: justify">the identity and nationality of the financial institution to act as intermediary, in the event
that the relevant acquisition is carried out through a tender offer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">k.</TD><TD STYLE="text-align: justify">if applicable, because of the need of a public offering, a copy of the information memorandum or
similar document that is intended to be used in connection with the purchase of the Shares or in connection with the transaction
or agreement at issue, and a statement that the acquisition has been approved or submitted for approval by the competent authorities
(including the National Banking and Securities Commission (<I>Comisi&oacute;n Nacional Bancaria y de Valores</I>); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">l.</TD><TD STYLE="text-align: justify">an address in Mexico City, Mexico, to receive notices relating to its request.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">The Board of Directors may determine,
in the event that certain information is impossible to produce at the time of submitting the request, that such information be
omitted from the request and the Board of Directors may waive the requirement to comply with any of the above-mentioned requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">2.</TD><TD STYLE="text-align: justify">Within 8 (eight) business days following the date in which the request for authorization referred
to in paragraph 1 above is received, the Chairman or Secretary of the Board of Directors, shall call for a meeting of the Board
of Directors to discuss and decide on the request for authorization. The call for the meeting of the Board of Directors shall be
made in writing and sent by the Chairman or the Secretary to each of the directors or alternate members of the Board Members with
the anticipation provided for in these By&ndash;Laws, by certified mail, courier, or e-mail, to the addresses designated by the
members of the Board of Directors in writing for purposes of this Clause of the By-Laws. The calls shall specify the date, time
and place of the meeting and the relevant Agenda.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">3.</TD><TD STYLE="text-align: justify">The Board of Directors shall resolve any request for authorization that is submitted pursuant to
this Clause of the By-laws, within 90 (ninety) calendar days following, and counted from, the date in which the request was filed,
<U>provided</U> that the request contains all the information that is required pursuant to this Clause. If the Board of Directors
does not make a decision on the authorization within the 90 (ninety) calendar day period referred to above, the authorization request
shall be deemed as denied.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">The Board of Directors may request
that the person who intends to acquire the relevant shares or to execute the relevant Voting Arrangement, provide any additional
documentation, and any clarifications it deems necessary, as well as to hold any meetings that the Board of Directors deems convenient,
to decide on the requested authorization for the acquisition; <U>provided</U> that the terms set forth in this provision shall
not begin running, and the request will not be considered completed, until the Person that intends to acquire the Shares or enter
into the relevant Voting Arrangement, provides all additional information and clarifications that the Board of Directors deems
necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">4.</TD><TD STYLE="text-align: justify">The attendance of at least 75% (seventy five percent) of the principal or alternate members of
the Board of Directors will be required to consider a meeting called to resolve on any matter related with the authorization of
an acquisition or an agreement in terms of this Clause, to be validly installed in first or subsequent calls. The resolutions will
be valid when made by 75% (seventy five percent) of the members of the Board of Directors. The meetings of the Board of Directors
will be called for and the resolutions adopted therein shall relate solely to the request for authorization referred to in this
Clause (or fragments of such request for authorization).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">5.</TD><TD STYLE="text-align: justify">In the event that the Board of Directors authorizes the intended acquisition of Shares or the entering
into the Voting Arrangement, and such acquisition, transaction or agreement results in (i) the acquisition of a 20% Participation
or greater, or (ii) a change in Control, or (iii) the acquisition of a Significant Influence with respect to the Company, notwithstanding
if such authorization was granted, the intended acquirer, or party entering into the Voting Arrangement, shall have to make a public
offering to acquire 100% (one hundred percent) of the outstanding Shares of the Company minus one Share, for a price, in cash,
that is the higher of the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">a.</TD><TD STYLE="text-align: justify">the book value per Share, according to the last quarterly financial statements approved by the
Board of Directors or filed before the National Banking and Securities Commission or any stock exchange; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">b.</TD><TD STYLE="text-align: justify">the highest closing price per Share traded in the stock exchange, over the 365 (three hundred sixty
five) calendar days prior to the date of the Board of Directors authorization or request; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">c.</TD><TD STYLE="text-align: justify">the highest purchase price per Share paid at any time, by the Person that, severally or
                                                            jointly, directly or indirectly, intends to acquire the Shares or to enter into a Voting Arrangement authorized by the Board
                                                            of Directors, <U>plus</U> in each case, an additional
premium equal to 30% (thirty percent) of the price per Share payable in connection with the acquisition which authorization is
requested, provided however, that the Board of Directors may increase or decrease the amount of any such premium, taking into account
the opinion of a reputable investment bank.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">The public purchase offering referred
to in this Clause must be completed within 90 (ninety) natural days from the date in which the acquisition or the execution of
the Voting Arrangement, is authorized by the Board of Directors, pursuant to the procedure set forth in this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">The price paid for each Share
shall be the same, regardless of the class or series of such Share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">In the event that on or before
the relevant acquisition or execution of the Voting Arrangement, the Board of Directors receives another written request for authorization
to purchase the relevant Shares (including through a merger, consolidation or similar transaction), with terms more favorable for
the shareholders of the Company, then the Board of Directors shall be entitled to consider and, if appropriate, approve the second
request and suspend the previously approved transaction, and it shall submit both bids to the consideration of the Board of Directors,
<U>provided that</U>, any approval shall be granted without affecting the obligation to carry out a public tender offer pursuant
to the terms of this Clause and applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">6.</TD><TD STYLE="text-align: justify">Acquisitions of Shares or Voting Arrangement, that would not result in (i) the acquisition of a
20% Participation or greater, (ii) a change in Control of the Company or (iii) the acquisition of Significant Influence with respect
to the Company, may be recorded in the Shareholders Registry Book of the Company once they have been duly authorized by the Board
of Directors and concluded. Acquisitions resulting in (i) the acquisition of a 20% Participation or greater, (ii) a change in Control
of the Company, or (iii) the acquisition of Significant Influence with respect to the Company, will not be recorded in the Shares
Registry Book of the Company, until the public offer referred to in this Clause has been completed. Thus, the rights under the
acquired Shares, shall not be capable of being exercised until the relevant public offer has been completed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">7.</TD><TD STYLE="text-align: justify">The Board of Directors may deny its approval of the requested acquisition of Shares or the execution
of the proposed Voting Arrangement, in which case it shall inform the proposed acquirer in writing the grounds and reasons for
such denial, and it may likewise inform the acquirer of the terms and conditions pursuant to which it would be in a position to
authorized the proposed acquisition of Shares or Voting Arrangement. The proposed acquirer will have the right to request and hold
a meeting with the Board of Directors or an ad-hoc committee appointed by the Board of Directors, to explain, expand or clarify
the terms of the request, as well as to present its position in a written document for the Board of Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>(C) <U>General Provisions.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this
Clause, it shall be deemed that a Person is the owner of all Shares owned by such Person, as well as of all of the Shares (i) owned
by any Related Party, or (ii) any legal entity, trust, vehicle, entity, company or economic or commercial association, or its equivalent,
of any nature and incorporated under the laws of any jurisdiction, that holds title when that legal entity, trust, vehicle, entity,
company or economic or commercial association, or its equivalent, of any nature and incorporated under the laws of any jurisdiction,
is Controlled by the mentioned Person. Furthermore, when one or more Persons are seeking to purchase Shares jointly, in a coordinated
or concerted manner, through a single transaction or successive transactions, regardless of their legal form, it shall be deemed,
for the purposes of this Clause, as a single Person who owns all such Shares. The Board of Directors may determine other cases
in which one or more Persons that intend to acquire Shares or enter into Voting Arrangements shall be deemed as a single Person
for purposes of this Clause. In making this determination, the Board of Directors may consider any legal or <I>de facto</I> information
that is available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to evaluate
any request for authorization submitted to the Board of Directors in terms of this Clause, the Board of Directors shall take into
consideration any information that they deem appropriate, taking into consideration the best interests of the Company and its shareholders,
including considerations as to the financial, market, business, moral and economic solvency of intended acquirer, the source of
the funds to be used in the acquisition, potential conflicts of interest, protection of minority shareholders, the expected benefits
for the future development of the Company, the impact in the Company&rsquo;s plans and budgets the quality, accuracy and veracity
of the information submitted to it in terms of this Clause, the viability of the offer, the price offered, the conditions of the
bid, the identity and credibility of the bidders (as far as may be determined and without any liability to the Board Members),
the reasons for the execution and the temporality of the Voting Arrangement, the sources of funding, if any and time for completion,
and any others that they deemed appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any acquisition of
Shares or Voting Arrangement restricted by this Clause, entered into without the prior written authorization of the Board of Directors
shall grant no rights to the holders of the Shares acquired or subject to any such Voting Arrangement and such holders shall not
be able to vote any such Shares at any Shareholders&rsquo; Meeting of the Company, nor exercise any economic rights thereunder,
which shall be the acquirer or group of acquirers&rsquo; sole responsibility. The Shares acquired pursuant to any such acquisitions
or Voting Arrangements shall not be recorded in the Shareholders Registry Book of the Company, and any entries previously made
shall be canceled and the Company will not recognize or give any value to the registration or listings referred to in Article 290
(two hundred and ninety) of the Securities Exchange Act (<I>Ley del Mercado de Valores</I>), therefore the ownership of the Shares
shall not be capable of to being proved, and the right to attend any Shareholders Meeting shall not be capable of being credited,
nor shall the holders of such Shares be able to exercise any action, including those of a procedural nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The authorizations
granted by the Board of Directors pursuant to this Clause, will cease to be effective if the information and documentation on which
such authorization was based is false or ceases to be true and/or legal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event that any
transaction entered into is in violation of this Clause, the Board of Directors may agree upon the following measures amongst others:
(i) the reversal of the transaction, with mutual restitution between the parties, when possible, or (ii) the transferring of the
relevant Shares to an interested third party approved by the Board of Directors at the minimum price that the Board of Directors
establishes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The provisions in this
Clause will not be applicable to (a) the acquisitions or transfers of Shares made by succession, either by inheritance or legacy,
or (b) the acquisition or transfer of Shares, or any other agreement or arrangement, (i) by the Person or Persons that, collectively
have, the Control of the Company or Significant Influence in the Company as of the date in which this Clause is approved by the
General Shareholders Meeting (that is, immediately before the initial public offering subscription of shares), (ii) by any legal
entity, trust, vehicle, entity, company or any other form of economic or commercial association, or its equivalent, of any nature
and incorporated under the laws of any jurisdiction, that is under the Control of the Person or Persons referred to in subsection
(i) above, (iii) by the estate of the Person or Persons referred to in subsection (i) above; (iv) by the ascendants or descendants
in a direct line within the third degree of the Person or Persons referred to in subsection (i) above, (v) by the Person or Persons
referred to in subsection (i) above, when purchasing the Shares from any company, trust, vehicle, entity, company, any form of
economic or commercial association, or its equivalent, of any nature and incorporated under the laws of any jurisdiction, ascendants
or descendants referred to in subsections (iii) and (iv) above, and (vi) by the Company or its Subsidiaries, or by trusts created
by the Company or its Subsidiaries or by any other Person Controlled by the Company or by its Subsidiaries, or (c) the future transfer
of Shares into a trust or similar entity by the existing shareholders of the Company on the date of the public offering of Shares
in Mexico, made at any moment in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The provisions contained
in this Clause shall be applicable in addition to the provisions of the statutes or laws and mandatory general provisions related
to securities acquisitions that are effective in the market in which the Shares, or other securities related to these or rights
arising thereof; in case that any provision in this Clause contravenes, in whole or in part, any provision in such laws, the provisions
of the relevant statute and mandatory general provisions related to securities acquisitions shall prevail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Clause shall be
filed for registration in the Public Registry of Commerce of the domicile of the Company and shall be expressly included in the
share certificates representing the capital stock of the Company, in order to ascertain effect against third parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Clause may only
be modified or deleted from the By-Laws, through a favorable resolution of the shareholders with at least 90% (ninety percent)
of the outstanding Shares at the moment of approval, elimination or relevant amendment, provided that no shareholders representing
at least 5% (five percent) of the outstanding Shares of the Company at the time of the vote, vote against any such elimination
or amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on the transfer of Series B Shares.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Series B Shares will
only be transferable in transactions of any nature and any kind, including, for these purposes, mergers, consolidations or other
similar transactions, directly or indirectly, to the shareholders holding Series B Shares or to an Affiliate of the shareholders
holding Series B Shares precisely on the date of the initial public offering subscription of the Shares. In the event that any
transfer of Series B Shares contravenes the preceding or is made to any third party, such Series B Shares will be automatically
converted into Series A Shares and the provisions established in this Clause will be applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NINTH. <U>Shareholder
Registry</U></B>. The Company shall maintain a Shareholders Registry Book, pursuant to Articles 128 (one hundred twenty eight)
and 129 (one hundred twenty nine) of the Mexican General Corporations Law and in accordance with Article 290 (two hundred and ninety)
of the Mexican Securities Market Law. The Shareholders Registry Book of the Company shall be kept by the Secretary of the Board
of Directors of the Company, unless the shareholders or the Board of Directors appoint a different person to perform such registration.
The Company may, under the relevant legal terms, entrust to securities deposit institutions, the registration of shares and the
registration of the respective entries in the Shareholders Registry Book.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company shall recognize,
as legitimate holder of the shares representing the capital stock, to any person registered as such in the Shareholders Registry
Book.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event that the
shares representing the capital stock of the Company are placed in stock exchanges, their registration in such Book will suffice
to indicate such situation and the securities deposit institutions in which such certificate or certificates representing such
shares are being held, and, if so, the Company shall recognize as shareholders, those who evidence such capacity with the record
issued by the relevant securities deposit institution, supplemented by a list of the relevant shareholders prepared by those who
appear as depositors in such registries, in accordance with Article 290 (two hundred and ninety) of the Mexican Securities Market
Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Shareholders Registry
Book of the Company shall be closed as of the date in which the certificates are issued in accordance with Article 290 (two hundred
and ninety) of the Mexican Securities Market Law, until the next business day after the respective Meeting was held. During such
periods no registration shall be made in the Book.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>TENTH . <U>Acquisition
of Shares by Related Parties</U>.</B> The legal entities in which the Company has the power to (i) impose decisions directly or
indirectly at the General Shareholders Meetings thereof, or designate and remove most of the Directors, administrators or equivalent
officers thereof, (ii)&nbsp;hold rights enabling it to directly or indirectly cast votes representing more than 50% (fifty percent)
of the capital stock thereof, or (iii)&nbsp;directly or indirectly direct the management, strategy or main policies thereof, either
by holding securities, by means of an agreement or contract or through any other means, shall not be able to acquire, directly
or indirectly, shares from the capital stock or negotiable instruments or by any other instrument that represents such shares,
except (a) for acquisitions to be made by investment companies or (b) in the case that entities in which the Company participates
as a shareholder acquire shares of the Company to comply with options or share purchase plans that are formed or can be designed
or subscribed to employees or officers of such companies or the Company, provided that the number of shares acquired for this purpose
does not exceed 25% (twenty percent) of total outstanding shares of Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>ELEVENTH. <U>Increases
of capital</U></B>. Except for (i) capital increases through the issuance of unsubscribed shares for their placement among the
public investors pursuant to Article 53 (fifty three) of the Mexican Securities Market Law and Clause Seventh of these By-Laws,
(ii) capital increases resulting from the placement of own shares referred to in paragraph (a) of Clause Eighth above, (iii) the
conversion of convertible obligations for shares and the shares issued for such purposes, and (iv) the shares issued as a result
of mergers, regardless of the Company&rsquo;s nature with respect to it (that is, as a merged or as a merging company), capital
increases shall be agreed upon by means of a resolution of the General Ordinary or Extraordinary Shareholders Meeting, as applicable,
pursuant to the provisions of the Mexican General Corporations Law and the rules provided in this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Increases in the minimum
fixed portion of the capital stock shall be approved through a resolution of the Extraordinary General Shareholders Meeting pursuant
to these By-laws, with the corresponding amendment to the By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Increases in the variable
portion of the capital stock shall be approved upon resolution of the General Ordinary Shareholders Meeting pursuant to these By-laws,
provided that the corresponding minute shall be formalized before a certifying public officer, without the need to register the
corresponding public deed in the Public Registry of Commerce of the domicile of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When resolving on capital
increases, the General Shareholders Meeting approving such increase or any subsequent General Shareholders Meeting, shall determine
the terms and conditions under which such increase shall be carried out, and such authority may be delegated to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The shares that upon
resolution of the Meeting are approved for issuance shall be delivered upon their subscription, may be offered for subscription
and payment by the Board of Directors or by the delegate or the special delegates, according to the authority granted by the relevant
General Shareholders Meeting; <U>provided</U>, <U>that</U>, except for the cases described above, the preemptive rights set forth
in Clause Twelfth below shall be observed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The increases in the
capital stock may be made through the capitalization of the capital stock account in accordance with the provisions of Article
116 (one hundred sixteen) of the Mexican General Corporations Law by means of payment in cash or in kind, through the capitalization
of liabilities or through any other means permitted by the applicable law. In capital increases through the capitalization of capital
stock accounts, all shares shall have the right to their respective proportion of the increase, without having to issue new shares
representing such increase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for the capital
increases resulting from the placement of own shares acquired by the Company in the terms of the first part of Clause Eighth of
these By-Laws, every increase of the capital stock shall be registered in the Capital Variations Book that for such purpose the
Company shall maintain pursuant to the provisions of Article 219 (two hundred and nineteen) of the Mexican General Corporations
Law, through the Secretary of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>TWELFTH. <U>Preemptive
Right</U>.</B> In capital increases, the shareholders shall have the preemptive right to subscribe the new shares issued to represent
such increase in proportion to the number of shares they hold at the time of the resolution approving the relevant capital increase.
This right shall be exercised within the term established for such purpose by the General Shareholders Meeting that approved the
capital increase, which in no case shall be less than 15 (fifteen) calendar days as of the date of publication of a notice for
such purposes in the electronic system set by the Ministry of Economy. The shareholders shall not have the preemptive right referred
to in this Clause in respect of the shares issued (i) by reason of the merger or a similar transaction of the Company (regardless
whether the Company is the merged or the merging company), (ii) for the conversion of convertible obligations for shares of the
Company or as a result of such conversion, (iii) for the placement of own shares acquired under the terms of the first part of
Clause Eighth of these By-Laws, and (iv) for its public offering in terms of Article 53 (fifty-three) of the Securities Market
Law and Article Seventh of these By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In case that after
the period during which the shareholders may exercise their preemptive right, any shares remain unsubscribed, such shares may be
offered for subscription and payment, in the conditions and terms determined by the General Shareholders Meeting which approved
the capital increase, or if so resolved by the Meeting, in the terms established by the Board or Directors of the delegates appointed
by the General Shareholders Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In case the shares
are not subscribed and paid, they may remain in the treasury of the Company or may be canceled, in both cases prior reduction of
the capital stock as agreed by the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTEENTH. <U>Capital
Reduction</U>.</B> Except for capital reductions resulting from the right of separation provided for by the Mexican General Corporations
Law, and those resulting from the acquisition of own shares referred to in paragraph (a) of Clause Eighth above, the capital stock
may only be reduced upon resolution of the General Ordinary or Extraordinary Shareholders Meeting, as applicable, as provided in
this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reductions in the minimum
fixed portion of the capital stock shall be agreed upon resolution of the Extraordinary General Shareholders Meeting pursuant to
these By-laws. In such case, these By-Laws shall be amended pursuant to the provisions contained in Article 9 (nine) of the Mexican
General Corporations Law, except for capital reductions resulting from the acquisition of own shares referred to in paragraph (a)
of Clause Eighth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reductions in the variable
portion of the capital stock shall be agreed upon resolution of the General Ordinary Shareholders Meeting pursuant to these By-laws,
provided that the corresponding minutes shall be formalized before a certifying public officer, without the need to register the
corresponding public deed in the Public Registry of Commerce; <U>provided</U>, <U>however</U>, that, when the shareholders exercise
their right of separation or in case of capital reductions resulting from the acquisition of own shares referred to in paragraph
(a) of Clause Eighth above, no Shareholders Meeting resolution shall be necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capital reductions
may be made in order to absorb losses, in the event of exercising the right of separation, as a result of the acquisition of own
shares in the terms established in paragraph (a) of Clause Eighth of these By-Laws or as otherwise permitted under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capital reductions
to absorb losses shall be made proportionately among all the shares representing the capital stock, without need to cancel the
shares, since such shares do not have par value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Article
50 (fifty) of the Securities Market Law, the holders of shares or negotiable instruments representing the variable portion of the
capital stock of the Company shall not have the right of withdrawal referred to in Article 220 (two hundred and twenty) of the
Mexican General Corporations Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for capital
reductions resulting from the acquisition of shares of the Company made in the terms of the first part of Clause Eighth of these
By-Laws, every reduction of the capital stock shall be registered in the Capital Variations Book that for such purpose the Company
shall maintain pursuant to the provisions of Article 219 (two hundred and nineteen) of the Mexican General Corporations Law, through
the Secretary of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FOURTEENTH. <U>Redemption
of Shares</U></B>. The General Extraordinary Shareholders Meeting may agree upon the redemption of shares with distributable profits,
in compliance with the provisions of Article 136 (one hundred thirty-six) of the Mexican General Corporations Law or by any other
fair means to the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In case of shares listed
on a stock exchange, the redemption shall be made through the acquisition of its own shares in the relevant stock exchange, pursuant
to the system, prices, terms and other conditions agreed for this purpose by the Shareholders Meeting, which may delegate to the
Board of Directors or to the special delegates the power to determine the system, prices, terms and other conditions for such purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The redempted shares
and the certificates or titles representing them shall be canceled, with the corresponding reduction in the capital stock of the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FIFTEENTH. <U>Cancellation
of Registration</U>.</B> In case of cancellation of the registration of the shares or certificates representing the capital of
the Company in the National Securities Registry, whether upon request of the Company with a prior resolution of the General Extraordinary
Shareholders Meeting adopted by the affirmative vote of the holders of shares or certificates representing whether voting shares,
limited voting shares or non-voting shares, the 95% (ninety five percent) of the capital stock of the Company, or by resolution
of the National Banking and Securities Commission, the Company shall make, prior to such cancellation, a public offer to purchase
within a 180 calendar day period following the request of the Company or the resolution of the National Banking and Securities
Commission, as applicable, in accordance with Article 108 (one hundred eight) of the Mexican Securities Market Law, Articles 96
(ninety six), 97(ninety seven), 98 (ninety eight), section I and II and, 101 (one hundred one) first paragraph, and other applicable
of the Mexican Securities Market Law</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The shareholders forming
the control group (as defined in the Mexican Securities Market Law) shall have subordinated liability with the Company for the
fulfillment of the terms contained in this Clause when a cancellation resolution is issued by the Mexican National Banking and
Securities Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to meet the
requirements set forth in Article&nbsp;108 (one hundred eight) of the Mexican Securities Market Law, and in accordance with Article
101 (one hundred one) of the Mexican Securities Market Law, the Board of Directors of the Company shall prepare and disclose to
public investors, within 10 (ten) business-days from the start of the public offer to purchase, after listening to the Audit and
Corporate Governance Committee, an opinion on the purchase price of the public offering and the conflicts of interest that each
of the members of the Board of Directors may have with respect to the offering, if any. Such opinion may be accompanied with another
opinion by an independent expert. The members of the Board of Directors and the Chief Executive Officer of the Company shall further
disclose to the public investors, in addition to the aforementioned opinion, their decision with respect to the shares or securities
referring to shares owned by them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SIXTEENTH. <U>Certificates
representing the Shares</U>.</B> The definitive or provisional share certificates representing the shares of the Company shall
be nominative and may represent one or more shares, they shall include the requirements contained in Articles 124 (one hundred
and twenty four) and 125 (one hundred and twenty five) of the Mexican General Corporations Law, as well as the indication of its
series and shall contain Clause Fifth and Eighth of these By-laws, and will be signed by 2 (two) members of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When either share certificates
deposited at a securities deposit institution or when such institutions receive directly from the Company securities arising from
the exercise of economic rights on behalf of the depositors thereof, the Company may, with the prior approval of the securities
deposit institution, deliver to it multiple share certificates or one single share certificate covering the shares subject matter
of the issuance and the deposit, in which case the institution shall make the necessary entries to determine the rights of the
respective depositors. In such case, the share certificates representing such shares shall be issued indicating that the shares
are deposited at the respective securities deposit institution, without being necessary to mention the name, address or nationality
of the holder in the document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company may issue
certificates without coupons attached to the certificates. In such case, the certificates issued by the relevant securities deposit
institution shall be used as coupons for all legal purposes, in terms of the Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 24.5pt"><B>CHAPTER THREE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 24.5pt"><B>SHAREHOLDERS&rsquo;
MEETINGS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SEVENTEENTH. <U>The
Shareholders Meeting</U>.</B> Shareholders Meetings shall be General or Special, and General Meetings may be Ordinary or Extraordinary.
The Shareholders Meeting is the supreme body of the Company. Extraordinary Shareholders Meeting shall be those conveyed to discuss
any of the matter set forth in Article 182 (one hundred two) of the Mexican General Corporations Law, and those held to deliberate
any of the matters set forth in Clause Twenty-Second hereunder. Ordinary Meetings shall be those convened to discuss any of the
matter set forth in Article 181 (one hundred one) of the Mexican General Corporations Law and to deliberate any other matter not
reserved to Extraordinary Meetings, including those held to deliberate any of the matters set for the in Clause Twenty-Second,
section 1, of this By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">Special
Meetings shall be those held in order to discuss matters that may affect the rights of one series of shares. Attendance quorum,
voting, and formalization of minutes of Special Meetings shall be subject to the provisions applicable to General Extraordinary
Meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>EIGHTEENTH.
<U>Calls</U></B>. Calls for Shareholders Meetings shall be made by the Board of Directors, the Secretary of the Board of Directors
or the Chairman of the Board of Directors, or by the Audit and Corporate Governance Committee. Shareholders holding shares with
voting rights, even those with limited or restricted voting rights, who individually or jointly hold 10% (ten percent) of the Company&rsquo;s
capital stock may request the Chairman of the Board of Directors and the Chairman of the Audit and Corporate Governance Committee
to convene a General Shareholders Meeting without the need to comply with the percentage required by Article 184 (one hundred eighty
four) of the Mexican General Corporations Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">Any holder
of 1 (one) ordinary share shall have the right set forth in the last sentence of the previous paragraph, in any of the events referred
to in Article 185 (one hundred eighty five) of the Mexican General Corporations Law which is conferred to the Board of Directors
or the Audit and Corporate Governance Committee. If no call is made within 15 (fifteen) calendar days following the date in which
the request was made, a Civil or District Judge of the Company&rsquo;s domicile may convene the Meeting at the request of any interested
shareholder, who shall evidence the ownership of the shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">In terms
of the provisions of Article 186 (one hundred eighty six) of the Mexican General Corporations Law, calls for General Ordinary Meetings,
Extraordinary or Special Meetings shall be done by posting a notice in the electronic system set by the Ministry of Economy , no
less than fifteen (15) calendar days before the date of the meeting. Calls shall contain the Agenda of the Meeting and shall be
signed by the person or persons responsible for such call.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">From the
date on which the call of meeting is published, any information and documents related to each of the items of the Agenda shall
be made immediately available to the shareholders at the Company&rsquo;s offices, at no charge, including forms referenced in section
III of Article 49 (forty nine) of the Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">In accordance
with the second paragraph of Article 178 (one hundred and seventy eight) of the Mexican General Corporations Law, the unanimous
resolutions adopted without holding a Meeting by the shareholders with voting rights or with the relevant special series, shall
be, for all legal effects and purposes, as valid as those adopted at a General or Special meeting, provided that they are confirmed
in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NINETEENTH. <U>Evidence
of Ownership</U>.</B> Persons registered as shareholders in the Shares Registry Book, as well as those who submit certificates
issued by <I>S.D. Indeval Instituci&oacute;n para el Dep&oacute;sito de Valores, S.A. de C.V.</I>, or any other institution acting
as a securities depository, complemented with the depositor lists of such institutions, shall have the right to appear or be represented
at the Shareholders Meetings, for which the provisions of the Mexican General Corporations Law shall be applicable. The members
of the Company&rsquo;s Board of Directors shall not represent any shareholder at the Company&rsquo;s Shareholder Meetings. Shareholders
may be represented at the Meetings by the person or persons designated for such purpose by means of a power of attorney granted
in the Company&rsquo;s proxies form, which must meet the requirements set forth in paragraph III of Article&nbsp;49 (forty nine)
of the Securities Market Law and that the Company shall maintain available through the intermediaries of the securities market
or in the offices of the Company, with at least fifteen (15)&nbsp;calendar days prior to holding a Shareholders Meeting, and the
Secretary of the Board shall examine the compliance of this disposition and shall inform the same to the Shareholders Meeting making
the corresponding notations in the minutes of the Shareholders Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">In order
to attend to the relevant Special or General Shareholders Meeting, the corresponding shareholder shall evidence to the Secretary
of the Board Directors, that he is not under any of the situations that require the approval of the Board of Directors of the Company
referred to in Clause Eighth of these By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>TWENTIETH.
<U>Meeting Minutes</U>. </B>The Shareholders&rsquo; Meeting minutes shall be prepared by the Secretary, will be transcribed in
the corresponding book and will be signed by the Chairman, Secretary and the appointed tellers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>TWENTY-FIRST.
<U>Chairman and Secretary</U>.</B> Shareholders Meetings shall be presided by the Chairman of the Board of Directors and when absent,
by the person appointed by the majority vote of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">The Secretary
of the Shareholders Meetings shall be the Secretary of the Board of Directors or by the Assistant Secretary, and when absent, the
person designated by the majority vote of the shareholders. The Chairman shall appoint 2 (two) tellers within the shareholders,
representatives or guests attending the relevant Meetings, in order to count the number of shares represented at the Meeting, determine
if the legal quorum has or has not been met and, as the case may be, count the votes cast.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.3pt"><B>TWENTY-SECOND.
1. <U>General Ordinary Meetings</U>. </B>General Ordinary Shareholders Meetings shall be held at least once a year within the first
four (4)&nbsp;months following the closing of each fiscal year, in order to discuss the matters set forth in the corresponding
Agenda, as well as any of the following matters:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: justify">discuss, approve or modify, and determine any matters arising in connection with the reports of
the Chief Executive Officer and the Board of Directors, regarding the Company&rsquo;s financial situation and other accounting
documents as set forth in Article 172 (one hundred and seventy two) of the Mexican General Corporations Law and the Securities
Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: justify">discuss, approve or modify the reports of the Chairman of the Audit and Corporate Governance Committee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: justify">discuss, approve or modify the report rendered by the Chief Executive Officer pursuant to Article
44 (forty four), Section XI, of the Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(d)</TD><TD STYLE="text-align: justify">discuss, approve or modify the report of the Board of Directors submitted in terms of Article 172
(one hundred and seventy two) subsection b) of the Mexican General Corporations Law and Article 28 (twenty eight), Section IV,
of the Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(e)</TD><TD STYLE="text-align: justify">learn the opinion of the Board of Directors in connection with the content of the report rendered
by the Chief Executive Officer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(f)</TD><TD STYLE="text-align: justify">decide on the use of the Company&rsquo;s profit, if any;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(g)</TD><TD STYLE="text-align: justify">appoint the members of the Board of Directors, including its alternates, the Secretary and the
Assistant Secretary, and appoint or remove the Chairman of the Audit and Corporate Governance Committee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(h)</TD><TD STYLE="text-align: justify">if applicable, set the maximum amount of resources that may be destined to repurchase the Company&rsquo;s
shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(i)</TD><TD STYLE="text-align: justify">approve any transactions intended by the Company or the companies under its control, that in a
fiscal year represent 20% (twenty percent) or more of the Company&rsquo;s consolidated assets, based upon figures of the immediately
preceding quarter, regardless of how they are to be executed, whether jointly or subsequently, but that by their characteristics
may be considered one single transaction. The holders of shares with voting rights may vote at such Meetings, regardless of whether
their voting rights are limited or restricted;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36pt">(j)</TD><TD STYLE="text-align: justify">evaluate the independence of independent Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2. <U>General Extraordinary
Shareholders Meetings</U>. </B>General Extraordinary Shareholders&rsquo; Meetings shall be held in order to discuss any of the
matters referred to in Article 182 (one hundred and eighty two) of the Mexican General Corporations Law. Also, any of the following
matters shall be discussed in the General Extraordinary Shareholders Meetings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36.6pt">(a)</TD><TD STYLE="text-align: justify">redemption of shares issued by the Company with distributable profits, as well as the issuance
of beneficial shares (<I>acciones de goce</I>), limited voting, preferred or any other kind of shares other than common shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 53.4pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36.6pt">(b)</TD><TD STYLE="text-align: justify">cancellation of registration of shares of the Company or any certificates representing thereof
in the National Securities Registry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36.6pt">(c)</TD><TD STYLE="text-align: justify">capital increases in accordance with Article&nbsp;53 (fifty three) of the Mexican Securities Market
Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 36.6pt">(d)</TD><TD STYLE="text-align: justify">any other matters that require a special quorum under applicable laws or these By-Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>TWENTY-THIRD.
<U>Quorum for and Resolutions of Ordinary Meetings</U>. </B> The General Ordinary Shareholders Meeting shall be legally convened
by virtue of a first call, if the attending shareholders represent at least 51% (fifty one percent) of the outstanding voting shares
of the Company, and its resolutions shall be valid when adopted by the vote of the majority of the voting shares present. In the
event of a second or subsequent call, the Ordinary Shareholders Meeting shall be legally convened if the attending shareholders
represent at least 51% (fifty one percent) of the outstanding voting shares of the Company, and its resolutions shall be valid
when adopted by the vote of the majority of the present voting shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>TWENTY-FOURTH</B>.
<B><U>Quorum and Resolutions by Extraordinary Shareholders Meetings</U>. </B>General Extraordinary Shareholders Meeting shall be
legally installed by virtue of first call, if the attending shareholders represent at least 75% (seventy five percent) of the outstanding
voting shares of the Company, and its resolutions shall be valid when adopted by the vote of more than half of the outstanding
voting shares of the Company, and for the event provided in Clause Twenty-Second subsection 2(b), the affirmative vote of 95% (ninety
five percent) of the outstanding voting shares of the Company will be required. In the event of a second call or subsequent call,
the Extraordinary Shareholders Meeting shall be legally installed if at least fifty one percent (51%) of the outstanding voting
shares are present, and its resolutions shall be valid when adopted by the vote of the more than half of the outstanding voting
shares of the Company, except in case set forth in Clause Twenty-Second subsection 2(b), in which case the vote of 95% (ninety-five
percent) of the capital Stock of the Company will be required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-indent: 35.4pt"><B>TWENTY-FIFTH. </B>Deleted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>TWENTY-SIXTH.
<U>Certain Minority Rights</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Postponement</U></B>. Pursuant to Article 50 (fifty) section III of the Mexican Securities Market Law the holders
of voting shares, including limited or restricted voting shares, that represent 10% (ten percent) or more of the voting shares,
including limited or restricted voting shares, represented at an Ordinary or Extraordinary General Shareholders Meeting may, for
one single occasion, present a motion to adjourn the Meeting for 3 (three)&nbsp;calendar days and without requiring a new call,
in order to vote on certain matters in which they do not believe they are sufficiently informed, in which case the percentage referred
to in Article&nbsp;199 (one hundred and ninety-nine) of the Mexican General Corporations Law shall not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Opposition Right. </U></B>The holders of voting shares, including limited or restricted voting shares, that represent
at least twenty percent (20%) of the capital stock may judicially contest the resolutions adopted by the General Meetings in connection
with matters in respect of which they are entitled to vote, in which case the percentage referred to in Article&nbsp;201 (two hundred
and one) of the Mexican General Corporations Law shall not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Liability Actions against Directors</U>.</B> The holders of voting shares, including limited or restricted voting
shares, that represent 5% (five percent) or more of the capital stock of the Company, whether individually or jointly, shall be
entitled to bring liability actions against any Directors, the Chief Executive Officer or any relevant officer for any breach to
the duties of loyalty and care owed to the Company or any legal entity controlled by it and over which it has significant influence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>TWENTY-SEVENTH</B>.
<B><U>Special Meetings</U>.</B> The same rules set forth in Clause Twenty-Fourth above for General Extraordinary Shareholders&rsquo;
Meetings shall be applicable to Special Meetings, but referred to the relevant special category of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.15pt 0pt 0; text-align: center"><B>CHAPTER FOUR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.15pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.15pt 0pt 0; text-align: center"><B>MANAGEMENT AND SURVEILLANCE
OF THE COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>TWENTY-EIGHTH.
<U>Board of Directors</U>. </B>The management of the business and assets of the Company shall be entrusted to a Board of Directors
and a Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors shall be composed of no more than 21 (twenty one) members, as determined by the respective Shareholders&rsquo;
Meeting, provided that at least 25% (twenty five percent) shall be independent pursuant to Articles 24 (twenty four) and 26 (twenty
six) of the Mexican Securities Market Law and pursuant to any other applicable provisions. An alternate Director may be appointed
for each principal Director, provided that alternates directors of the independent Directors shall also be independent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">All shareholders
or group of shareholders representing at least 10% (ten percent) of the voting shares, including limited and restricted voting
shares, shall have the right to appoint and revoke one Director and its respective alternate. Such appointment may only be revoked
by the other shareholders when the appointment of the rest of the Directors is also revoked, in such case the persons being replaced
may not be appointed as directors within the 12 (twelve) months immediately following the date of revocation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">The appointment
or election of the members of the Board of Directors shall be made by the General Ordinary Shareholders Meeting or by the Special
Shareholders Meeting, as applicable, by the favorable vote of the majority of the holders with voting shares of the capital stock
represented at the corresponding Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Members
of the Board of Directors shall hold office for a period of 1 (one) year; they may be reelected and their appointment may be revoked
at any time, including the Directors appointed by the shareholders exercising minority rights and shall receive the compensations
determined by the General Ordinary Shareholders Meeting. Notwithstanding the foregoing, the Ordinary Shareholders Meeting may only
revoke the appointment of Directors designated by the minorities when the appointment of all the other Directors is also revoked.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">Members
of the Board of Directors shall continue to hold office for a period of up to thirty (30) calendar days, after expiration of the
period for which they were designated or upon resignation, if no substitute is designated or if the designated substitute fails
to assume office, without being subject to Article&nbsp;154 (hundred fifty four) of the Mexican General Corporations Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">The Board
of Directors may appoint provisional Directors without the intervention of the Shareholders Meeting in case any of the events abovementioned
or any of the events specified in the last paragraph of Article 155 (one hundred fifty five) of the Mexican General Corporations
Law occurs. The Shareholders Meeting shall ratify such appointments or shall appoint substitute Directors in the next Meeting following
such event, notwithstanding the provisions set forth in section (a) of the third paragraph of this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">Neither
the members of the Board of Directors nor the executive officers or managers of the Company shall grant any guarantee in order
to ensure the fulfillment of their responsibilities that they may incur during the performance of their duties, unless the General
Shareholders Meeting appointing them establishes such obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documented
and reasonable expenses of the members of the Board of Directors residing outside of Mexico, incurred for the fulfillment of their
responsibilities (including the attendance to any meeting), will be paid or reimbursed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>TWENTY-NINTH.
<U>Directors Requirements</U>. </B>The members of the Board of Directors may or may not be shareholders. The following individuals
will not be able to be members of the Board of Directors: (i) individuals who are not qualified by law to exercise commerce; and/or
(ii) individuals who have acted as external auditor of the Company or as external auditor of any of the entities integrating the
business group or consortium to which it belongs, during the 12 (twelve) months prior to the date of the appointment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">For purposes
of these by-laws, independent Directors shall be those individuals appointed by their experience, capacity, and professional prestige
according to the requirements set forth in Article 26 (twenty six) of the Mexican Securities Market Law and any other general regulations
issued by the National Banking and Securities Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">The General
Ordinary Shareholders Meeting shall be responsible to determine the independence of the Directors. The National Banking and Securities
Commission, after hearing the opinion of the Company and the respective, may object the independence of the members of the Board
of Directors within the 30 (thirty) days following the notice made by the Company, as long as there are circumstances that prove
the lack of independence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>THIRTIETH.
<U>Chairman and Secretary of the Board of Directors. </U></B>The Chairman of the Board of Directors shall be appointed by the General
Ordinary Shareholders Meeting. If no appointment has been made by the Shareholders Meeting, the Board of Directors in the first
meeting after its appointment shall appoint among its members the Chairman and, if applicable, the alternate Chairman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">Where not appointed
by the General Shareholders Meeting, the Board of Directors shall appoint a Secretary and an Assistant Secretary who shall not
be part of such Board of Directors, and who will be subject to the obligations and responsibilities set forth in the Mexican Securities
Market Law and these by-laws. Likewise, the Board of Directors shall appoint the individuals for the rest of the positions created,
if applicable, for a better performance of its duties. Alternate directors shall attend the meeting of the board of directors in
the event of temporary or definitive absences of the principal Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Chairman of the
Board of Directors may be of any nationality, he will chair the meetings of the Board of Directors and, in his absence, the meetings
shall be chaired by the director designated by the majority of the directors attending the meeting and shall comply and execute,
if applicable, the resolutions taken by the Shareholders Meeting and the Board of Directors without need of any special resolution.
The Chairman will also chair the Shareholders Meetings and the meetings of the Compensation and Nomination Committee referred to
in Clause Thirty Third below. The Chairman will have no casting vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Chairman of the
Board of Directors will also be the Delegate Director. As such, he shall comply with the resolutions of the Shareholders Meetings
and with the resolutions of the Board of Directors, with no need of any special resolution adopted for such purpose, and, due to
its appointment, he shall have the authority conferred upon the Board of Directors according to these by-laws, except for those
that may only be exercised by the Board of Directors pursuant to applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">Any copies or certificates
of the meetings minutes of the Board of Directors, minutes of the Committees and the minutes of the Shareholders Meetings, as well
as the entries made in the corporate books and registries and, in general, of any document of the Company&rsquo;s archive, may
be authorized and certified by the Secretary of the Board of Directors or by the Assistant Secretary, who shall be permanent delegates
to appear before the certifying public officer of their choice in order to formalize the Meetings minutes of the Board of Directors
and of the Shareholders Meetings, as well as to grant powers of attorney on behalf of the Board of Directors. The Secretary of
the Board of Directors or the Assistant Secretary shall prepare and record in the relevant books the minutes derived from any of
the meetings of the Shareholders, Board of Directors, or the Audit and Corporate Governance Committee, and to issue any certifications
in connection thereof, and of any appointments, signatures, and capacities of the Company&rsquo;s officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>THIRTY-FIRST.
<U>Board of Directors Meetings</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">(a) The
Board of Directors shall convene at least 4 (four) times during each fiscal year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">(b) Calls
for the meetings of the Board of Directors shall be sent by mail, courier or email, to the domicile of the members of the Board
of Directors at least 5 (five) days prior to the date of the meeting (and no later that 3 (three) Business days before in case
of special or urgent meetings), and evidence of the delivery of any such call must exist. Calls shall contain the agenda for the
meeting and specify the place, date and hour of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">The Chairman
of the Board of Directors, the Audit and Corporate Governance Committee, the Secretary of the Board, as well as 25% (twenty five
percent) of the Directors of the Company may call a meeting of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The external auditor
of the Company may be convened to, and attend, the meetings of the Board of Directors as guest with voice but with no voting rights,
and shall not be present in the discussion of those items of the agenda that may pose a conflict of interest or that may compromise
his independence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">(c) The
minutes of the Board of Directors meetings shall be authorized by those acting as Chairman and Secretary of the meeting and shall
be registered in a book destined for this purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">(d) Resolutions
may be adopted without holding a meeting of the Board of Directors by the unanimous vote of its members, and such resolutions shall,
for all legal effects, be as valid as those adopted in a meeting, provided they are ratified in writing. The document containing
such resolutions shall be sent to the Secretary of the Board of Directors who shall transcribe the resolutions into the corresponding
book, and shall indicate that the resolutions were adopted pursuant to these By-Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>THIRTY-SECOND.
<U>Quorum and Resolutions adopted by the Board of Directors</U>.</B> Unless expressly required in the contrary by these By-laws,
the meetings of the Board of Directors shall be valid when the majority of its members attend the meeting, and their resolutions
shall be valid when adopted by the majority of votes of its members, which must include, in any case, the vote of the Chairman
of the Board of Directors. In case of a tie, the Chairman of the Board of Directors shall not have a tie-breaking vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">The meetings
of the Board of Directors shall be held at the Company&rsquo;s corporate domicile, or in any other place that the Board of Directors
deems convenient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>THIRTY-THIRD.
<U>Powers and Duties</U>. </B> The Board of Directors shall fulfill its duties in order to create value for the benefit of the
Company, without favoring a single shareholder or group of shareholders. The Board of Directors shall be the company&rsquo;s attorney-in-fact
and shall have authority to carry out, on its name and on its behalf, all actions not reserved by applicable law or these By-laws
to the General Shareholders Meeting and shall have, without limitation, the following powers:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">power of attorney for lawsuits and collections with all general and special powers that require
a special Clause as provided by law, without limitation, pursuant to the first paragraph of Article 2554 (two thousand five hundred
and fifty four) of the Federal Civil Code and its correlative articles of the Civil Codes of all the States of Mexico and the Federal
District; the Board of Directors may, without limitation, desist from initiated actions, including <I>amparo</I>; compromise, submit
to arbitration, take and answer depositions, assign assets, challenge judges, receive payments and execute all acts specifically
mandated by law, including, representing the Company before judicial and administrative, criminal, civil or other authorities,
with the authority to file criminal complaints, grant pardon and become co-party to the Public Prosecutor in criminal procedures,
before labor authorities and courts and before any governmental authority;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">general
                                         power of attorney for acts of administration for labor matters, empowered with the legal
                                         representation of the Company as stated in article eleven of the Federal Labor Law and,
                                         with such representation, carry out any actions before the unions with which the Company
                                         has or has not executed any collective bargaining agreements and for all collective disputes,
                                         and for purposes of all individual disputes; in general they may exercise this power
                                         of attorney for all employer-employee matters and before the labor and social services
                                         authorities. In the terms of this power of attorney, appear before all the labor authorities
                                         referred to in article </FONT><FONT STYLE="color: #00C000">523</FONT> <FONT STYLE="font-weight: normal">(five
                                         hundred twenty-three) of the Federal Labor Law, as well as before the Institute of National
                                         Housing Fund for Workers (</FONT><I>Instituto del Fondo Nacional de la Vivienda para
                                         los Trabajadores</I><FONT STYLE="font-weight: normal">) and the Mexican Institute of
                                         Social Security (<I>Instituto Mexicano del Seguro Social</I>), Institute of the National
                                         Fund For the Workers&rsquo; Consumption and the National Commission for the Retirement
                                         Savings System (<I>Comisi&oacute;n Nacional de Sistema de Ahorro para el Retiro</I>)
                                         or any other body or authority related to the Retirement Savings System, </FONT>to carry
                                         out all negotiations and legal proceedings necessary to solve all issues submitted to
                                         the Company, before those appearing as representatives of the Company in accordance with
                                         Article 11 (eleven) of the Federal Labor Law, which states: &ldquo;The officers, administrators,
                                         managers and others performing management and administrative functions of the company
                                         will be considered as representatives of the employer and must act in such capacity when
                                         dealing with employees&rdquo;.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Consequently, they may exercise
the following powers, including, but not limited to, the power to appear in the capacity of managers, and therefore, as representatives
of the Company, in accordance with Articles 11 (eleven), 692 (II) (six hundred and ninety two) and 876 (eight hundred and seventy
six) of the Federal Labor Law, before any type of labor authority, as well as social welfare, jurisdictional and administrative
authorities, before the Conciliation and Arbitration Boards (<I>Tribunales de Conciliaci&oacute;n y Arbitraje</I>), the Insitute
of National Housing Fund for Workers, the Mexican Institute of Social Security, the Institute of the National Fund for the Workers&rsquo;
Consumption and before the National Commission for the Retirement Savings System or any other entity related to the Retirement
Savings System, appear in conciliation, complaint, evidentiary and argumentative hearings to which the grantor is summoned by the
Conciliation and Arbitration Boards (<I>Juntas de Conciliaci&oacute;n y Arbitraje)</I> or by the Federal Tribunal for the Conciliation
and Aribitration (<I>Tribunal Federal de la Conciliaci&oacute;n y Arbitraje)</I> with all the general and even the special powers
of attorney that in accordance with the law require a special power of attorney or specific authority, in accordance with the terms
of the second paragraph of Article 2554 (two thousand five hundred and fifty four) of the Federal Civil Code, the Civil Code for
the Federal District and the corresponding articles in the Civil Codes of the other states of Mexico, with the power to respond
to and propound interrogatories.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Similarly, they will have the power
to act before labor unions with which the Company has collective bargaining agreements and for all matters of individual conflicts;
in general, for all employee-employer related matters and to be exercised before any and all labor and social welfare authorities
referred to in Article 523 (five hundred and twenty three) of the Federal Labor Law; similarly, they will be able to appear before
the <I>Juntas de Conciliaci&oacute;n y Arbitraje</I> whether they are Local or Federal; consequently, they will act in the capacity
of representatives of their employer for purposes of Article 11 (eleven), 46 (forty six) and 47 (forty seven), as well as the legal
representative of the Company, for purposes of certifying its identity and capacity in or outside of legal proceedings, in accordance
with Article 692 (six hundred and ninety two) subsections 2 (two) and 3 (three) of the Federal Labor Law; will be able to submit
confessional evidence in court in accordance with Article 787 (seven hundred and eighty seven) and 788 (seven hundred and eighty
eight) of the Federal Labor Law with the power to respond to and propound interrogatories, to submit confessional evidence in court;
will be able to identify domiciles to receive notices in accordance with Article 875 (eight hundred seventy five), 876 (eight hundred
seventy six) subsections first and second, 877 (eight hundred seventy seven), 878 (eight hundred seventy eight), 879 (eight hundred
seventy nine), and 980 (eight hundred eighty); may also attend the hearing where confessional evidence is presented, in accordance
with article 873 (eight hundred and seventy three), and 874 (eight hundred and seventy four); similarly, they have the power to
propose settlements, reach settlement agreements, make any type of decisions, negotiate and sign labor agreements, at the same
time, they will be able to act as representatives of the Company in the capacity of managers, with respect to all types of trials
or work-related proceedings before each and any authority. At the same time, they will be able to enter into and rescind labor
agreements. For such purposes, they will have all of the general powers of attorney to litigate and collect payments, and for general
managerial acts in accordance with the first paragraphs of Article 2554 (two thousand five hundred and fifty four), 2587 (two thousand
five hundred and eighty seven), and 2574 (two thousand five hundred and seventy four) of the Federal Civil Code, the Civil Code
for the Federal District, and the corresponding articles in the other Civil Codes of the states of Mexico where the power of attorney
is exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Board of Directors may delegate
all or part of the power of attorney provided for in this section 2, including the authority to delegate this power of attorney;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">power of attorney for administrative acts pursuant to the second paragraph of Article 2554 (two
thousand five hundred and fifty four) of the Federal Civil Code and the correlative articles for the Civil Codes of all the States
of Mexico and the Federal District, with the authority to, without limitation, execute lease agreements, sublease agreements, bailment
agreements, credit facility agreements and loan agreements;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">power of attorney for ownership acts pursuant to the third paragraph of Article 2554 (two thousand
five hundred and fifty four) of the Federal Civil Code and the correlative articles for the Civil Codes of all the States of Mexico
and the Federal District, with the authority to, without limitation, execute any kind of agreement or action, including disposal
or lien of real estate or personal property of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">power of attorney to acquire and sell shares and partnership interests of other Companies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">power of attorney to issue, subscribe, endorse, guarantee, and in any other way negotiate with
all kind of negotiable instruments, in terms of Article 9 (nine) of the General Law of Credit Instruments and Transactions (<I>Ley
General de T&iacute;tulos y Operaciones de Cr&eacute;dito</I>) and to appoint the persons authorized to execute those actions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">power to open and cancel bank accounts or accounts with any other financial intermediary, in any
jurisdiction and pursuant to any legal provisions applicable, as well as to make deposits and draw against such accounts, and designate
the persons that may draw against them and their specific authorities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">authority to call General Ordinary, Extraordinary or Special Shareholders Meetings, in any case
specified in these By-Laws, or if convenient, establish place, date and time of such Meetings and execute its resolutions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">authority to prepare and to present to the competent authorities internal labor rules;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">power of attorney to establish branches and agencies of the Company anywhere in Mexico or abroad;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">at general extraordinary or ordinary meetings of companies where the Company is a shareholder,
authority to determine the way the votes shall be casted corresponding with shares owned by the Company, and appoint representatives
for voting in accordance with the resolutions of the Board of Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">power of attorney to grant, revoke, and/or cancel general or special powers of attorney within
the scope of its powers, granting substitution and delegation of any such powers, including this power to delegate, except for
those powers reserved for the exclusive exercise of the Board of Directors pursuant to the Law or these By-laws, reserving always
the exercise of these powers;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify">power of attorney to execute all actions authorized by these By-Laws or that may be a consequence
of them, including the issuance of any kind of opinions required pursuant to the Mexican Securities Market Law and applicable regulations
issued by the National Banking and Securities Commission;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify">power of attorney to establish a Compensation and Nomination Committee and select the members of
the Audit and Corporate Governance Committee, excluding the appointment of the relevant Chairmen;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify">power of attorney to establish other Committees that the Board of Directors may consider necessary
for the development of the Company&rsquo;s operations, mentioning the authorities and obligations of such Committees and appointment
of their members (<U>except</U> for the members of the Compensation and Nomination Committee), as well as the rules for its operation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: justify">authority to approve, with the prior opinion of the competent Committee:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the policies and guidelines for the use and enjoyment of the assets of the Company and the legal
entities it controls;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">each individual transaction with related parties that the Company or the legal entities it controls
intend to execute, <U>except</U> for (1) transactions that are not significant to the Company or the legal entities it controls,
based on the amount thereof, (2) transactions executed by the Company and the legal entities it controls, or in which it has a
significant influence, or between any of them, provided that the same are (A) carried out in the ordinary course of business and
on an arms- length basis, and (B) executed under market price or backed-up by valuations made by specialist third-party advisors,
and (3) transactions executed with employees, provided that they are subject to the same conditions applicable to any customer
or client or as a result of general labor Governance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">transactions executed simultaneously or subsequently by the Company or the legal entities it controls
within the same fiscal year that may be considered as one and the same transaction, based on the characteristics thereof, if they
are unusual, infrequent or their amount represent, based on the figures corresponding to the closing of the immediately preceding
trimester, in any of the following events: (1) the acquisition or sale of assets with a value equal to or higher than 5% (five
percent) of the consolidated assets of the Company; or (2) the granting of guarantees or the assumption of liabilities in an amount
equal to or higher than 5% (five percent) of the consolidated assets of the Company, <U>except</U> for investments in securities
provided that they are made pursuant to the policies approved by the Board of Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">appointment, election and, as the case may be, removal of the Chief Executive Officer of the Company,
his integral compensation, and the policies for appointing and compensating other officers immediately below the Executive Officer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">the policies for the granting of credits or loans, or any type of financing and guarantees to related
parties;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">waivers for the Directors, relevant directors and persons with decision making power in order to
enable them to take advantage of business opportunities favorable to them or to third parties, that correspond to the Company or
the legal entities it controls or in which it has a significant influence. Waivers for transactions in amounts lower than the amount
referred to in paragraph (c) above may be delegated to the Audit and Corporate Governance Committee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">guidelines regulating internal controls and internal audits of the Company and the legal entities
it controls;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">the accounting policies of the Company, in accordance with the accounting principles recognized
or issued by the National Banking and Securities Commission by means of general regulations or by any other competent stock exchange
authority;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">the financial statements of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">the hiring of the legal entity to provide external audit services and, as applicable, additional
or ancillary services related thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xi)</TD><TD STYLE="text-align: justify">appoint provisional Directors in accordance with, and subject to, the provisions of the Mexican
Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xii)</TD><TD STYLE="text-align: justify">approve the terms and conditions of a judicial agreement to conclude any liability actions started
against a Director for breach of the duties of loyalty and care.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-weight: normal; text-underline-style: double">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">In case the decisions
of the Board of Directors are not compatible with the opinions of the corresponding Committee, such Committee shall instruct the
Chief Executive Officer to disclose such circumstance to the public through the stock exchange in which the Company&rsquo;s shares
or the certificates representing them, are traded, subject to the terms and conditions set forth in the internal rules of such
stock exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: justify">Submit to the General Shareholders Meeting held in connection with the closing of the fiscal year
(a) the annual report prepared by the Audit and Corporate Governance Committee, (b) the report prepared by the Chief Executive
Officer in accordance with Article 172 (one hundred and seventy two) of the Mexican Companies Law, except for that provided in
subsection b), enclosing the report prepared by the external auditor, (c) the opinion of the Board of Directors on the content
of the report prepared by the Chief Executive Officer abovementioned, (d) the report of the Board of Directors referred to in Article&nbsp;172
(one hundred seventy two), subsection b)of the Mexican Companies Law, setting forth the main accounting and information policies
and criteria followed in the preparation of the financial information and (e) report on the operations and activities in which
it was involved.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: justify">Follow up on the main risks to which the Company and the legal entities it controls are exposed
to, as identified based on the information presented by the Committees, the Chief Executive Officer and the external auditor, as
well as those risks that may affect the accounting systems, internal control and internal audits, records, files or information
of the Company and its subsidiaries through the Audit and Corporate Governance Committee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: justify">Approve the information and communication policies with the shareholders and the market, as well
as with the Directors and relevant officers;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD STYLE="text-align: justify">Determine the appropriate actions in order to remedy any irregularities and implement the respective
corrective measures.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: justify">Establish the terms and conditions to which the Chief Executive Officer shall be subject to in
exercising its powers of attorney for acts of ownership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">Instruct the Chief Executive Officer to disclose to the public the relevant events without prejudice
to the Chief Executive Officer&rsquo;s obligation contained in Article 44 (forty four), section V of the Mexican Securities Market
Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(w)</TD><TD STYLE="text-align: justify">Approve the terms and conditions for the public offering and sale of treasury shares of the Company
issued pursuant to Article 53 (fifty three) of the Mexican Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">Appoint the person or persons in charge of the execution of any acquisitions or trading of shares
authorized by the Shareholders Meeting, pursuant to Article 56 (fifty six) of the Mexican Securities Market Law, and define the
terms and conditions for such acquisitions and trading, within the limits established in the Mexican Securities Market Law and
by the Shareholders Meeting, and inform the Shareholders Meeting the result of the exercise of such attributions every fiscal year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(y)</TD><TD STYLE="text-align: justify">All others set forth in the Mexican Securities Market Law or in these by-laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTY-FOURTH. <U>Committees</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company may have a Compensation and Nomination Committee that shall be composed of the number of principal directors
and alternates directors determined by the Board of Directors of the Company. The appointment of the members of the Compensation
and Nomination Committee, including the Chairman of the relevant Committee, shall be made by the Board of Directors but the General
Ordinary Shareholders Meeting may assume such authority. The Board of Directors may appoint, in case of absence of a director of
the Compensation and Nomination Committee, 1 (one) alternate for each principal director of such committee. Members of the Compensation
and Nomination Committee shall remain in office 1 (one) year, unless they are relieved from their duties, nevertheless they shall
retain their duties until the designated substitute assume the office. Members of the Compensation and Nomination Committee may
be reelected and shall receive the compensations determined by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Compensation and
Nomination Committee shall meet prior call made by the Secretary of the Board of Directors or its alternate, or by the request
of the Chairman of the Board or any 2 (two) of its members, with at least 3 (three) days prior to the date of the meeting. The
Company&rsquo;s external auditor may be convened as a guest with voice but no voting rights. The call to the Committee meeting
shall be sent by mail, telegram, fax, courier or any other means which ensures that the members of the Committee receive said notice
with at least 3 (three) days in advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The meetings of the
Compensation and Nomination Committee shall be valid when the majority of its members attend to the meeting, and their resolutions
shall be valid when adopted by the majority of votes of the attending members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Resolutions may be
adopted without holding a meeting of the Compensation and Nomination Committee by the unanimous vote of its members, and such resolutions
shall, for all legal effects, be as valid as those adopted in a meeting, provided they are ratified in writing. The resolutions
adopted in accordance with this paragraph shall be transcribed into the special book pursuant to the last paragraph of this Clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Compensation and
Nomination Committee shall have the following authorities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(i)</TD><TD STYLE="text-align: justify">submit for the consideration of the Board of Directors, the names of the persons that it deems
should be appointed to the positions in two highest hierarchical levels of the Company, as well as their removal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(ii)</TD><TD STYLE="text-align: justify">propose to the Board of Director the adoption or modification of any incentives plan for employees
of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(iii)</TD><TD STYLE="text-align: justify">consult third party experts when it deems necessary in matters of compensation, organizational
development, labor market studies and all of those related to these matters, in order to expose and propose such to the Board of
Directors, who shall adopt the resolutions it deems necessary;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(iv)</TD><TD STYLE="text-align: justify">Propose the compensation schemes for the positions in the four highest hierarchical levels of the
Company or those that it determines for the consideration of the Board of Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(v)</TD><TD STYLE="text-align: justify">Make a report on its activities at least once a year, when it is requested to, or when it deems
it necessary to inform the Board of Directors for its consideration;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(vi)</TD><TD STYLE="text-align: justify">Propose to the Board of Directors the performance, amendment or termination of any collective union
agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(vii)</TD><TD STYLE="text-align: justify">Inform to the Board of Directors about contingencies derived from labor proceedings exceeding $250,000.00
(two hundred and fifty thousand dollars 00/100 USD), individually or in aggregate;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(viii)</TD><TD STYLE="text-align: justify">Inform the Board of Directors and the Audit and Corporate Governance Committee about the payment
and compensation packages of the individuals referred to in Article 28 (twenty eight) section III, subsection d) of the Mexican
Securities Market Law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Compensation and
Nomination Committee shall not execute any activities reserved exclusively, by the applicable law or by these By-Laws, to the General
Ordinary Shareholders Meeting or to the Board of Directors. The Compensation and Nomination Committee shall not delegate its authority
to any persons, but may appoint the persons that shall execute its resolutions; the Chairman (as permanent delegate) and the Secretary
shall be authorized to execute the resolutions of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The minutes for each
meeting held by the Compensation and Nomination Committee shall be prepared and transcribed in a special book. The assistance of
the members of the Committee and the resolutions adopted shall be included in the minutes which shall be signed by those who acted
as Chairman and Secretary of the Compensation and Nomination Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In the areas of Audit and Corporate Governance, the Board of Directors shall have an Audit and Corporate Governance Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Audit and Corporate
Governance Committee shall be composed exclusively by independent Directors, except as provided in the following paragraph, and
by a minimum of 3 (three) members, who shall be appointed and/or removed from their duties by the Board of Directors, as proposed
by the Chairman, provided that the Chairman of such Committee shall be exclusively appointed and/or removed by the General Shareholders
Meeting. Chairman of the Audit and Corporate Governance Committee shall not preside over the Board of Directors, and shall be selected
for its experience, capacity, and professional prestige.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event that the
Company is controlled by a person or group of persons that holds 50% (fifty percent) or more of the capital stock, it shall not
be necessary that the Audit and Corporate Governance Committee shall be composed exclusively by independent Directors, it may be
composed by a majority of independent Directors, provided that such circumstance is disclosed to the public. This shall not apply
if the activities dealing with corporate and auditing Governance are executed by a single Audit and Corporate Governance Committee
as provided in this section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Audit and Corporate Governance Committee shall be responsible of the development of the following activities:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(i)</TD><TD STYLE="text-align: justify">give opinion to the Board of Directors in matters within its competence under applicable law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(ii)</TD><TD STYLE="text-align: justify">request the opinion of independent experts when it deems it necessary, for the adequate fulfillment
of its duties or when required under applicable law or general regulations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(iii)</TD><TD STYLE="text-align: justify">call a Shareholders Meeting and include into its Agenda the issues it deems pertinent;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(iv)</TD><TD STYLE="text-align: justify">support the Board of Directors in the preparation of the reports referred to in Article 28 (twenty
eight), section IV, subsection d) and e) of the Mexican Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(v)</TD><TD STYLE="text-align: justify">any other issue established by the applicable law or these By-Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(vi)</TD><TD STYLE="text-align: justify">give opinion to the Board of Directors on matters within its competence in accordance with the
applicable law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.7pt"></TD><TD STYLE="width: 25.1pt">(vii)</TD><TD STYLE="text-align: justify">evaluate the performance of the legal entity providing external audit services, and analyze the
certificate, opinions or reports prepared and executed by the external auditor. For such effect, the Committee may require the
presence of such auditor when appropriate, notwithstanding the auditor shall meet at least once a year with the Committee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(viii)</TD><TD STYLE="text-align: justify">discuss the financial statements of the Company with the persons responsible for its preparation
and review, and on that basis recommend its approval to the Board of Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(ix)</TD><TD STYLE="text-align: justify">report to the Board of Directors the conditions of the internal control and internal audit systems
of the Company or of the legal entities under its control, including the irregularities detected, if any,;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(x)</TD><TD STYLE="text-align: justify">prepare the opinion referred to in Article 28 (twenty eight), section IV, subsection c) of the
Mexican Securities Market Law and submit it to the Board of Directors for its subsequent submission to the Shareholders Meeting,
based , <I>inter alia</I>, in the opinion of the external auditor. Such opinion shall address, at least:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(A)</TD><TD STYLE="text-align: justify">whether the policies and accounting and information standards used by the Company are adequate
and sufficient, taking into account the particular circumstances of it;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(B)</TD><TD STYLE="text-align: justify">whether such policies and standards have been applied consistently in the information submitted
by the Chief Executive Officer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(C)</TD><TD STYLE="text-align: justify">whether as a result of paragraphs (A) and (B) above, the information submitted by the Chief Executive
Officer reasonably reflects the financial position and results of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xi)</TD><TD STYLE="text-align: justify">support the Board of Directors in the preparation of the reports referred to in Article 28 (twenty
eight), section IV, subsections d) and e) of the Mexican Securities Market Law.;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xii)</TD><TD STYLE="text-align: justify">oversee that the operations referred to in Articles 28 (twenty eight), section III, and 47 (forty
seven) of the Mexican Securities Market Law, are executed in accordance with the purpose established in those articles, as well
as the policies resulting from such articles;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xiii)</TD><TD STYLE="text-align: justify">request the opinion of independent experts when it deems appropriate, for the adequate performance
of its duties or when it is required in accordance with applicable law or general provisions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xiv)</TD><TD STYLE="text-align: justify">require from the relevant directors and other employees of the Company or from the legal entities
under the control of the Company, reports related to the preparation of financial information and any other information deemed
necessary for the performance of its functions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xv)</TD><TD STYLE="text-align: justify">review the potential breaches of which it has knowledge, the transactions, guidelines and operating
policies, internal control and audit systems and accounting records, either from the Company or the legal entities under its control,
to which it shall evaluate the documentation, records and other evidence, to the extent necessary in order to carry out such surveillance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xvi)</TD><TD STYLE="text-align: justify">receive comments from shareholders, Directors, relevant directors, employees and, in general, from
any third party, regarding the matters referred to in the preceding section, and execute the procedures that it deems appropriate
in connection with such comments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xvii)</TD><TD STYLE="text-align: justify">request periodical meetings with relevant directors, as well as the delivery of any information
related with the internal control and internal audit of the Company or the entities under its control;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xviii)</TD><TD STYLE="text-align: justify">inform the Board of Directors of relevant irregularities identified during the course of its duties
and, when appropriate, of the corrective measures taken or propose the respective measures to be implemented;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xix)</TD><TD STYLE="text-align: justify">call to Shareholders Meetings and request including the matters that it deems relevant in the agenda
of such meetings;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xx)</TD><TD STYLE="text-align: justify">oversee compliance by the Chief Executive Officer of the resolutions taken by the Shareholders
Meetings and the Board of Directors in accordance with the instructions given by the respective Shareholders Meeting or the Board
of Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xxi)</TD><TD STYLE="text-align: justify">oversee the creation of mechanisms and internal controls in order to verify that the acts and operations
of the Company and the legal entities under its control are in accordance to the applicable regulations, as well as to implement
methodologies for the review of such mechanisms and internal controls;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 28.35pt">(xxii)</TD><TD STYLE="text-align: justify">any other activity set forth in the Mexican Securities Market Law or in these by-laws, according
to the Mexican Securities Market Law</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white">The
Chairman of the Audit and Corporate Governance Committee shall prepare an annual report of the activities of such Committee and
submit it to the Board of Directors. This report will include, at least, the following matters (i) observations regarding the performance
of the relevant directors, (ii) the transactions with related parties during the year under review, detailing the characteristics
of significant transactions, (iii) the waivers granted by the Board of Directors as provided in Article 28 (twenty eight), section
III, subsection f) of the </FONT>Mexican Securities Market Law</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>For the preparation of the respective report, as well as for the preparation of the opinions mentioned in subsection (c)
of this Clause Thirty-Third, the Audit and Corporate Governance Committee shall hear the relevant directors; in the event there
are different opinions, such differences shall be mentioned in the above-mentioned reports and opinions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If so agreed by the Board of Directors, as intermediate management bodies, one or more committees may be established in
addition to the Audit and Corporate Governance Committee and the Compensation and Nomination Committees, each one of them composed
by an odd number of directors and alternate members appointed by the Board of Directors from among its directors or alternates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Audit and Corporate
Governance Committee and the Compensation and Nomination Committees as well as the other Committees shall always act as a collegiate
body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Committee members
appointed pursuant to this Clause shall remain in office 1 (one) year, but in any case they shall remain in office until the person
appointed to replace them takes possession; they may be reelected or revoked from their appointment at any time and shall receive
the compensations determined by the General Ordinary Shareholders Meeting. The appointment of any member shall be deemed as revoked
at the moment in which it ceases to be a member of the Board of Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Compensation and
Nomination Committee, the Audit and Corporate Governance Committee, and any other committee established under this Clause, shall
meet at the dates and with the frequency determined by each committee in the first or the last meeting held during each fiscal
year (in the latter case with respect to the calendar of the meetings to be held in the subsequent fiscal year), without having
to call its members to each meeting if it was previously scheduled according to the meetings schedule approved by the Committee.
Except as expressly provided by the Compensation and Nomination Committee under this Clause Thirty Fourth, each Committee shall
meet when so determined by the Chairman of such Committee or any 2 (two) of its principal members, prior notice with 3 (three)
calendar days in advance, to all the principal members of the Committee and the required alternates. The external auditor of the
Company may be convened to attend meetings of the Committees as a guest with voice but no voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The call to the Committee
meetings shall be sent by mail, messenger, electronic, optic or any other means which ensures that the members of the Committee
receive such notice at least 3 (three) calendar days in advance. The call may be signed by the Chairman of such Committee or by
the Secretary of the Board of Directors of the Company, or by the alternate Secretary, who shall act in such capacity at the Committee.
The Committees may meet at any time without prior notice if all of the principal members are present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">Except as expressly
provided for the Compensation and Nomination Committee under this Clause Thirty Fourth, the attendance of the majority of its members
is required to consider the meetings of the Committees legally convened, and the resolutions shall be approved by the affirmative
vote of the majority of the members of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">The Committees to
be incorporated under this Clause shall have the powers expressly granted to them by the Board of Directors. The delegated powers
shall in no case include those reserved by applicable law or by these by-laws to the General Shareholders Meeting, the Board of
Directors or the Audit and Corporate Governance Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">None of the Committees
may delegate its powers to any person, but may appoint delegates to execute their resolutions. The Chairman of each Committee shall
be empowered to execute such resolutions individually without the need to have authorization. Each Committee incorporated under
this Clause shall inform the Board of Directors on an annual basis of the activities undertaken, or, when it deems that relevant
facts or events arise for the Company. The minutes to be transcribed in a special book shall be prepared for each Committee meeting.
The assistance of the members of the Committee and the resolutions adopted shall be included in the minute which shall be signed
by those who acted as Chairman and Secretary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>THIRTY-FIFTH. <U>Responsibility
of the Directors and Limitations to such Responsibility.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Duty of Care</U>. </B>The members of the Board of Directors and of any of the Committees shall in all cases act in
accordance with the duty of care set forth in Article 30 (thirty) and subsequent articles of the Mexican Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For such purposes,
the directors shall have the right to request, at any time and under the terms they consider convenient, information of the officers
of the Company or of any other entity controlled by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In accordance with
the Mexican Securities Market Law and the general regulations issued by the National Banking and Securities Commission, the breach
by any director or member of any of the Committees of his duty of care, shall make such director jointly and severally responsible
with any other directors breaching such duty, for any damages and losses caused to the Company, which will be limited to the direct
losses and damages caused to the Company and to the cases in which the respective Director or member of whichever Committee has
acted with willful misconduct, bad faith, gross negligence or against the law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Duty of Loyalty</U>. </B>The members of the Board of Directors and of any of the Committees shall act according to
the duty of loyalty set forth in Article 34 (thirty four) and subsequent articles of the Mexican Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any director or member
of any Committee having a conflict of interest, shall refrain from participating in the respective matter and shall not be present
in the deliberation or voting of such matter, without such absence affecting the quorum required for the validity of the board
meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Directors will
be jointly and severally liable with the previous directors for the irregularities incurred if, upon learning of such irregularities,
such directors do not inform them to the Audit and Corporate Governance Committee and the external auditor of the Company. Likewise,
the Directors shall inform the Audit and Corporate Governance Committee and the external auditor of the Company all such irregularities
that during the discharge of their duties they had knowledge and which are related to the Company or with the entities controlled
by the Company or with entities where the Company has Significant Influence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to the Mexican
Securities Market Law, specifically Articles 34 (thirty four) to 37 (thirty seven) of such law, and according to the general regulations
issued by the National Banking and Securities Commission, the breach by any Director or member of any of the Committees, of their
duty of loyalty, shall make such director or member of any of the Committees jointly and severally liable with other Directors
or members of its Committees breaching the duty of loyalty, for any damages and losses caused to the Company which shall be limited
to direct damages and losses caused to the Company, and in all cases the respective individuals shall be removed from their duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Responsibility Action</U>. </B>Any responsibility resulting from the breach of the duty of care or the duty of loyalty
shall be solely for the benefit of the Company or for the benefit of the entity controlling the Company, as applicable, and may
be brought by the Company or by the shareholders who individually or collectively represent at least five percent (5%) or more
of the capital stock of the Company. The party that brought the claim may only settle the amount of the indemnity of the damages
and losses of such claim if the Board of Directors has previously approved the corresponding court-approved agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Exclusion from Responsibility</U>. </B>The members of the Board of Directors or of the relevant Committee shall not
be liable for the damages and losses caused to the Company or the entities which the Company controls or in which it has a Significant
Influence, when the respective Director of member of the relevant Committee acts in good faith and the safe-harbor exceptions referred
to in Article&nbsp;40 (forty) of the Mexican Securities Market Law are applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTY-SIXTH. <U>Chief
Executive Officer</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The duties of management and execution of the business of the Company and the entities it controls shall be responsibility
of the Chief Executive Officer in terms of Article 44 (forty four) of the Mexican Securities Market Law, subject to the strategies,
policies and guidelines approved by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Chief Executive Officer, for the performance of his duties, shall have the broadest powers of attorney to represent
the Company for acts of administration, lawsuits and collections, including special powers of attorney requiring special clauses
in accordance to law. For acts of ownership, it shall be subject to the provisions set forth in Article 28 (twenty eight), section
VIII, of the Mexican Securities Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Chief Executive
Officer, without limitation of the above-mentioned, shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">i.</TD><TD STYLE="text-align: justify">submit to the Board of Directors, the business strategy of the Company and of the legal entities
controlled by it, based on the information provided by the Company and such entities to the Chief Executive Officer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">ii.</TD><TD STYLE="text-align: justify">execute the resolutions adopted by the Shareholders Meetings and the Board of Directors Meetings,
in accordance with the instructions given by such Shareholders Meeting or the respective Board of Director Meeting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">iii.</TD><TD STYLE="text-align: justify">propose to the Audit and Corporate Governance Committee, the guidelines for the internal control
and audit system of the Company and the legal entities controlled by it, and execute any guidelines approved by the Board of Directors
to that effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">iv.</TD><TD STYLE="text-align: justify">prepare and release the relevant information of the Company, together with the Relevant Directors
in charge of preparing the same, within the scope of their respective duties;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">v.</TD><TD STYLE="text-align: justify">disclose the relevant information and the events that must be disclosed to the public in accordance
with the Securities Market Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">vi.</TD><TD STYLE="text-align: justify">comply with any provision related to the execution of acquisition transactions and placement of
the own shares of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">vii.</TD><TD STYLE="text-align: justify">exercise any applicable corrective and responsibility action whether directly or through an authorized
delegate;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">viii.</TD><TD STYLE="text-align: justify">confirm the capital contributions made by the shareholders, if any;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">ix.</TD><TD STYLE="text-align: justify">satisfy the legal and corporate requirements established with respect to the dividends paid to
the shareholders;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">x.</TD><TD STYLE="text-align: justify">take the necessary actions to ensure the maintenance of accounting, registration, filing or information
systems of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">xi.</TD><TD STYLE="text-align: justify">prepare and submit to the Board of Directors the report referred to in Article&nbsp;172 of the
Mexican General Corporations Law, except for the report referred to in item (b)&nbsp;of such legal provision.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">xii.</TD><TD STYLE="text-align: justify">establish the internal mechanisms and controls necessary to verify that the acts and transactions
of the Company and the legal entities controlled by it comply with applicable laws and regulations, and follow-up the results of
such internal mechanisms and controls and take the necessary actions, if any.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">xiii.</TD><TD STYLE="text-align: justify">exercise the liability actions referred to in the Mexican Securities Market Law against related
parties or third parties that allegedly caused a damage to the Company or to the legal entities controlled by it, or in which the
Company has a significant influence, unless the alleged damage is not relevant, as determined by the Board of Directors with the
prior opinion of the Audit and Corporate Governance Committee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">xiv.</TD><TD STYLE="text-align: justify">any other action pursuant to the Mexican Securities Market Law or these by-laws in accordance with
the authorities provided for in the Mexican Securities Market Law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: 11.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Chief Executive Officer, for the performance of his duties and activities, as well as for fulfillment of his obligations,
shall be assisted by the relevant directors appointed for such purpose and by any employee of the Company or of the legal entities
it controls.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Chief Executive Officer and the other relevant directors shall be subject to the liability set forth in the Mexican
Securities Market Law for their respective positions, therefore they shall be liable for the damages and losses incurred in connection
with their respective duties. Likewise, any safe-harbor limitations referred to in Articles 33 (thirty three) and 40 (forty)&nbsp;of
the Mexican Securities Market Law shall be applicable according to Clause Thirty-Fifth of these by-laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additionally, the Chief
Executive Officer and the other relevant directors shall be responsible for any damages and losses caused to the Company or to
the legal entities under its control due to (i) the lack of timely and diligent answer to any request of information by the Directors
of the Company, (ii)&nbsp;the disclosure or submission of false or misleading information, (iii)&nbsp;the performance of the acts
refer to in Article&nbsp;35 (thirty five), sections III and IV to VII and Article&nbsp;36 (thirty six) of the Mexican Securities
Market Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTY-SEVENTH.
<U>Surveillance of the Company</U>. </B>The supervision of the management and execution of the business of the Company and the
legal entities it controls shall be responsibility of the Board of Directors through the Audit and Corporate Governance Committee,
as well as through the legal entity conducting the external audit of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTY-EIGHTH. <U>Guarantee</U>.
</B>Neither the members of the Board of Directors, nor the members of the Compensation and Nomination Committee, nor the Audit
and Corporate Governance Committee, nor the Secretary, nor the Assistant Secretary, nor the respective alternates of such persons,
nor the officers or managers shall have the obligation to provide any kind of guarantee to secure the fulfillment of the responsibilities
in which they may incur during the performance of their duties, unless the Shareholders Meeting appointing them establishes such
obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRTY-NINTH. <U>Indemnity</U></B>.
The Company agrees to indemnify and hold harmless the members, either principal or alternate, and the officers of the Board of
Directors, the Compensation and Nomination Committee, the Audit and Corporate Governance Committee, and any other Committee created
by the Company, as well as the Secretary and the Assistant Secretary of the Company and the Chief Executive Officer and/or any
other relevant officer in connection with the performance of their duties, against any claim, suit, proceeding or investigation
initiated in Mexico or in any other country in which the shares of the Company or any other securities issued having as underlying
asset the shares issued by the Company or other fixed-income or variable-income securities issued by the Company are registered
or listed, or in any jurisdiction where the Company or the entities it controls operate, in which such persons, as members of such
bodies, either as principal or alternate directors, or as officers may be a party, including the payment of any damage or loss
that may have been caused and the amounts necessary to reach, if deemed appropriate, a settlement, and all the fees and expenses
of legal counsel and other advisors working for the interests of such individuals, <U>provided that</U> the Board of Directors
shall be the body empowered to determine in the above-mentioned cases, if it is convenient the hiring of counsel and advisors different
to those advising the Company in the relevant case. This indemnity shall not be applicable if such claims, suits, proceedings or
investigations result from gross negligence, willful misconduct or bad faith of the relevant indemnified party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.15pt 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.15pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER FIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: center"><B>FISCAL YEAR AND FINANCIAL
INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTIETH.
<U>Fiscal year</U>.</B> The fiscal year of the Company shall be the same as the calendar year. If the Company is liquidated or
merged, its fiscal year shall terminate in advance on the date of the liquidation or merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-FIRST.
<U>Financial Information</U>. </B> Within the first (4) four months of each fiscal year, the Chief Executive Officer and the Board
of Directors, within the scope of their duties, shall prepare the following financial information and any other documentation necessary
pursuant to provisions of the applicable law, within its respective duties and responsibilities, pursuant to the provisions of
these by-laws and the Mexican Securities Market Law, which will be delivered to the Shareholders&rsquo; Meeting by the Board of
Directors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(a)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a report on the progress of the Company and its main subsidiaries during
the fiscal year, and on the policies followed by the Board of Directors and, if any, on the major existing projects;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(b)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a report stating and explaining the main information and accounting policies
and criteria used for the preparation of the financial information;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(c)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a statement showing the financial position of the Company at the end of
the fiscal year;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(d)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a statement showing, and duly explaining and classifying, the results of
the Company during the fiscal year;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(e)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a statement showing the changes in the financial position of the Company
during the fiscal year;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(f)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">a statement showing the changes in the items conforming the assets of the
Company during the fiscal year; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(g)</TD><TD STYLE="text-align: justify; padding-right: 2.45pt">any necessary notes to supplement and clarify the information provided by
the above-mentioned statements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER SIX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>PROFITS AND LOSSES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>FORTY-SECOND.
<U>Profits</U>.</B> The net profits of each fiscal year, pursuant to the financial statements, once the necessary amounts are
separated (i) for the payment of taxes, (ii) pursuant to applicable law, and (iii) if applicable, for the payment of the losses
of previous years, shall be applied as follows:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(a)</TD><TD STYLE="text-align: justify">a 5% (five percent) to create, increase, or, if applicable, reconstitute the legal reserve fund
until such fund reaches an amount equal to 20% (twenty percent) of the paid capital stock;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(b)</TD><TD STYLE="text-align: justify">the amount determined by the Shareholders' Meeting to create or increase the general or special
reserve funds;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(c)</TD><TD STYLE="text-align: justify">the amount that the shareholders&rsquo; meeting establishes for the acquisition of its own shares
pursuant to the applicable law and these by-laws; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">(d)</TD><TD STYLE="text-align: justify">the remaining profits shall be applied as the Shareholders Meeting determines, including, if applicable,
the payment of dividends to all shareholders, in proportion to the shares they hold.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.3pt 0pt 0; text-align: justify; text-indent: 35.4pt"><B>FORTY-THIRD.
<U>Losses</U>.</B> The losses, if any, shall be borne by all the shareholders, in proportion to the number of shares they own,
and up to the amount paid by them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER SEVEN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B><U>DISSOLUTION AND
LIQUIDATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #1111CC">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-FOURTH. <U>Dissolution</U></B>
The Company shall be dissolved in the cases set forth in Article 229 (two hundred and twenty nine) of the Mexican General Corporations
Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-FIFTH. <U>Liquidation</U>.</B>
Upon dissolution, the Company shall be placed in liquidation. The General Extraordinary Shareholders Meeting shall appoint one
or more liquidators, who shall have the authority set forth in the Mexican General Corporations Law or the authority determined
by the Shareholders Meeting that appointed them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-SIXTH. <U>Liquidation
Bases</U>. </B>The liquidator or the liquidators shall carry out the liquidation pursuant to the bases, if applicable, determined
by the Shareholders&rsquo; Meeting or pursuant to the following general provisions and the provisions of the relevant chapter of
the Mexican General Corporations Law:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt; text-align: left">(a)</TD><TD STYLE="text-align: justify">terminate the outstanding business in the most convenient
manner;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt; text-align: left">(b)</TD><TD STYLE="text-align: justify">collection of receivables and payment of Company&rsquo;s
debt;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt; text-align: left">(c)</TD><TD STYLE="text-align: justify">sale of the assets of the Company;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt; text-align: left">(d)</TD><TD STYLE="text-align: justify">preparation of the final liquidation balance sheet; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt; text-align: left">(e)</TD><TD STYLE="text-align: justify">distribution of the remaining balance among the shareholders,
in proportion to their shares and to the payment made with respect to each Share, once the final liquidation balance sheet is
approved.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the liquidation,
the Shareholders&rsquo; Meetings shall meet as provided in these by-laws, and the liquidator or the liquidators shall perform the
duties corresponding to the Board of Directors of the Company, and Audit and Corporate Governance Committee shall continue performing
its duties, with respect to the liquidator or the liquidators of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHAPTER EIGHT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>APPLICABLE LAW AND JURISDICTION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-SEVENTH</B>.
<B><U>Applicable Law</U>.</B> For everything that is not expressly provided in these by-laws, the provisions of the Mexican Securities
Market Law, the Mexican General Corporations Law, the general regulations issued by the National Banking and Securities Commission
and other applicable law will apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FORTY-EIGHT. <U>Jurisdiction</U></B>.
Each and every conflict, dispute or disagreement arising between 2 (two) or more Shareholders or between 2 (two) or more group
of shareholders or between any of them and the Company, including the holders of any instrument having as underlying asset the
shares of the Company and arising from these by-laws or in connection thereto, shall be resolved by the competent courts sitting
in the Mexico City, Federal District, Mexico, and the parties expressly submit to the jurisdiction of such competent courts, waiving
any other jurisdiction to which they may be entitled by reason of their present or future domiciles or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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