Common use of Representations and Warranties relating to the Underlying Shares Clause in Contracts

Representations and Warranties relating to the Underlying Shares. The Company represents and warrants to the Manager and the future holders of Warrants that: (i) the issuance of the Underlying Shares has been duly approved by the Ordinary and Extraordinary Shareholders’ Meeting and the Argentine Securities Commission has authorized their public offering in accordance with the provisions of the Public Offering Law; (ii) the listing of the Underlying Shares has been approved by the Buenos Aires Stock Exchange; (iii) no further authorizations or consents shall be required in order to issue in the name of the holders of Warrants the number of Underlying Shares required by them upon exercise of the Warrants; (iv) the Ordinary and Extraordinary Shareholders’ Meeting has limited the current shareholders’ preemptive subscription rights for the subscription of the Shares; (v) except for the Warrants, as of the date hereof the Company has not issued any warrants, negotiable obligations, convertible debentures or any other kind of securities convertible into shares of the Company.