UNDERTAKING OF MUTUAL OBLIGATIONS AGREEMENT AND OTHER COVENANTS (the “Agreement”) entered on March, 2004,

Exhibit 10.38

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UNDERTAKING OF MUTUAL OBLIGATIONS AGREEMENT AND OTHER
COVENANTS (the “Agreement”) entered on March, 2004,

Between:

1.		XXXXX XXXXX SOUTH AMERICA PTY. LTD., a limited liability company duly organized and existing under the laws of Australia, with its head office at Xxxxx 00, 00 Xxxx Xxxxxx, Xxxxxx, Xxx Xxxxx Xxxxx, 0000, Xxxxxxxxx (ACN 000 000 000), herein represented according to its constitution (the “Company”);

2.		XXXXX XXXXX FOOD OVERSEAS HOLDINGS LIMITED, a limited liability company duly organized and existing under the laws of Australia, with its head office at Xxxxx 00, 00 Xxxx Xxxxxx, Xxxxxx, Xxx Xxxxx Xxxxx, 0000, Xxxxxxxxx (ACN 000 000 000), herein represented according to its constitution (“BP Overseas”);

3.		X.X. XXXXXX AUSTRALIA LIMITED, a company duly organized and existing under the laws of Australia, with its head office at Xxxxx 00, Xxxxxxxxx Xxxxx, 000 Xxxxxx Xxxxxx, Xxxxxx, Xxx Xxxxx Xxxxx, 0000, Xxxxxxxxx (ACN 002 888 011), herein represented according to its constitution (the “Trustee”); and

4.		XXXXX XXXXX COLOMBIA S.A., a company duly incorporated under the laws of the Republic of Colombia, and having its registered office at Xxxxxxx 00 Xx. 00X – 00, Xxxxxxx, Xxxxx, Xxxxxxxx, herein represented according to its constitution (“BP Colombia”).

PREAMBLE

(a)		Whereas the Company owns thirty one million three hundred ninety three thousand five hundred seventy nine (31.393.579) shares representing ninety point thirty per cent (90.30%) of the total legal capital of BP Colombia, and BP Overseas owns three million three hundred seventy two thousand five hundred forty three (3.372.543)shares representing approximately nine point seven per cent (9.7%) of the total legal capital of BP Colombia.

(b)		Whereas the Company is the controlling owner of BP Colombia.

(c)		Whereas the Company and BP Overseas are companies within the Xxxxx Xxxxx corporate group (“BP Group”), of which Xxxxx, Xxxxx & Company Limited (“Xxxxx Xxxxx”) is the parent company.

(d)		Whereas a Security Trust Deed was entered into on July 28, 1998 (as varied) by the Trustee (formerly known as Chase Securities Australia Limited) and Xxxxx Xxxxx, in

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(d)		order to create a security structure over the BP Group to protect the interests of the financiers of the BP Group (“the Financiers”).

(e)		Whereas certain BP Group entities participate in such security structure, in which they guarantee by way of a Guarantee and Indemnity Agreement dated July 28, 1998 (“Guarantee and Indemnity”) other participating BP Group entities, and in certain circumstances by granting security over their assets, the benefit of which would be held by the Trustee on trust for the Financiers (“Security Trustee”).

(f)		Whereas although BP Colombia is now part of the BP Group, according to Colombian Foreign Exchange laws, BP Colombia may not grant guarantees or security in foreign currency for the benefit of the Trustee for the Financiers and therefore may not enter into that security structure.

(g)		Whereas the Company and BP Overseas, as owners and shareholders of the ninety point thirty per cent (90.30%) and approximately nine point seven per cent (9.7%) respectively of BP Colombia’s total legal capital and as member of the BP Group, may cause BP Colombia to enter into this Agreement relating to the Assets of BP Colombia.

(h)		Whereas the present Agreement shall establish the terms and conditions under which the Company and BP Overseas shall cause BP Colombia to carry out the transaction contemplated by this Agreement.

Now therefore, in consideration for the foregoing, the parties to this Agreement hereby agree as follows:

1.- PURPOSE:

1.1. Subject to the terms and conditions set forth hereinafter, the purpose of this Agreement is to regulate the terms and conditions under which the Company and BP Overseas, as owners of ninety point thirty per cent (90.30%) and approximately nine point seven per cent (9.7%) respectively of BP Colombia’s legal capital, undertake to cause BP Colombia to sell –upon request by the Trustee, under the terms and conditions to be established hereunder- as many of the assets of BP Colombia listed in Exhibit 1 (the “Assets”) as required by the Trustee and to transfer the proceeds of the sale to the Trustee, after such sale is approved by the General Shareholders Meeting of BP Colombia and complies with the procedures established by Colombian law. The Company and BP Overseas undertake, upon request from the Trustee, to carry out all such steps as are necessary in order to (i) cause BP Colombia to sell the Assets, reduce the legal capital of BP Colombia in the amount corresponding to the proceeds of the sale of the Assets and remit the proceeds of the capital reduction to the Company, BP Overseas or the other nominee shareholders of BP Colombia (as applicable) and (ii) as soon as the capital reduction proceeds are received by the Company, BP Overseas or the other nominee shareholders of BP Colombia (as applicable), remit their share of the Amount (and procure that the nominee shareholders do the same) to the Trustee in accordance with section 2.3 of this Agreement.

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1.2. The reduction in the legal capital of BP Colombia may not violate the applicable rule, at the time of the reduction, of the Colombian Code of Commerce which on the basis of the law as at today’s date is that, once the reduction is made, the total assets represent at least the double of the liabilities of BP Colombia (the “Maximum Reduction”) and shall be made after the approval of the General Shareholders Meeting and/or the Board of Directors -if necessary, and to the procedures established by Colombian law (i.e. government approvals), as established in article 145 of the Colombian Code of Commerce. It is acknowledged, however, that the amount of the Maximum Reduction and the procedures established by Colombian law may change if the rules in the Colombia Code of Commerce are at any time amended.

2.- SALE REQUEST PROCEDURE BY THE TRUSTEE:

2.1. Following the issue to the Company and/or BP Overseas of a demand under the Guarantee and Indemnity, the Trustee may send a written notification to the Company and/or BP Overseas, in the form established in section 9 below, requesting that the Company and/or BP Overseas adopt the necessary measures in order to cause BP Colombia to sell as many of the Assets as necessary, provided it does not exceed the Maximum Reduction and is made in accordance with Colombian law, in order to attain, to the extent possible, the amount foreseen in the Trustee’s Notification (the “Trustee Notification”).

2.1.1. The Trustee Notification shall contain the following information:

	(a)		The amount to be received by the Trustee from the Company and/or BP Overseas, provided it does not exceed the Maximum Reduction (the “Amount”);

	(b)		The final date on which the Company and/or BP Overseas shall deliver to the Trustee the Amount, date which shall not occur before all authorizations required by Colombian law to reduce the capital of the BP Colombia are granted and all acts and documents to effect the reduction of the capital are executed; and

	(c)		Detailed information regarding the bank account and branch in which the Amount shall be deposited by the Company and/or BP Overseas.

2.1.1.1. The Trustee Notification shall always be accompanied by a Trustee certificate (“Trustee Certificate”) in the form and under the terms contained in Exhibit 2 attached hereto.

2.1.2. The Trustee may send to the Company and/or BP Overseas more than one Trustee Notification on more than one occasion, within the term of validity of this Agreement, provided that the sum of all the Amounts requested by the Trustee does not exceed the Maximum Reduction, and provided also that the maximum amount that is required to be remitted to the Trustee is the net proceeds from the sale of the total Assets of BP Colombia.

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2.1.3. It is hereby established that, if so requested by the Trustee, the Company and/or BP Overseas undertake to cause BP Colombia to appoint a representative (such representative to be approved by the Trustee) to carry out the sale of the Assets (the “Representative”).

2.1.3.1. In the event the Trustee requires the appointment of a Representative according to section 2.1.3 above, the Company and/or BP Overseas shall:

	(a)		where the Representative appointed is also the legal representative of BP Colombia, cause BP Colombia’s board of directors to grant an authorization to the Representative acting in such capacity; or

	(b)		otherwise, cause BP Colombia to grant an irrevocable and irretractable power of attorney to the Representative in the form of Exhibit 4.

2.1.3.2. The Representative, subject to the conditions and procedures of the sale of the Assets under Colombian law, shall be responsible for (i) determining how many Assets shall be sold, always taking into account the need to preserve the ongoing day-to-day business of BP Colombia and the Maximum Reduction possible of the capital of BP Colombia; (ii) contracting or preparing an appraisal of the Assets to be sold according to fair market value; (iii) making decisions in relation to whom the Assets shall be sold; (iv) negotiating the sale terms and conditions; and (v) informing BP Colombia of the terms and conditions under which BP Colombia shall execute the sale of the Assets, subject to Colombian law.

2.1.3.3. The Company and/or BP Overseas must use reasonable efforts to ensure that the Representative uses its reasonable efforts when selling any of the Assets of BP Colombia to find a purchaser that is willing to pay the fair market price for the respective Assets at the time of the sale. The Trustee may, in determining the fair market price of an Asset at the time of the sale, rely upon advice from a properly qualified independent appraiser or other advisor appointed by the Trustee and the Representative or any other person.

2.2. Covenants of the Company and BP Overseas: The Company and/or BP Overseas undertake, upon receipt of the Trustee Notification, to carry out any acts and execute any documents required to cause BP Colombia to:

	(a)		Approve, by means of a General Shareholders Meeting and a Board of Directors meeting, if necessary, and obtain all the necessary approvals, if needed, for the sale of the Assets necessary to obtain the Amount specified in the respective Trustee Notification;

	(b)		Authorize to sell as many Assets as necessary, subject to the Maximum Reduction and Colombian law, in order to reach the Amount specified in the respective Trustee Notification;

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	(c)		Approve the respective reduction in the legal capital of BP Colombia in the Amount specified in the Trustee Notification, subject to the Maximum Reduction;

	(d)		Obtain the corresponding approvals of the Superintendency of Corporations and the Ministry of Social Protection to the reduction of capital;

	(e)		After obtaining the above authorizations, to proceed with the amendment of the articles of association reducing BP Colombia’s capital, subject to the Maximum Reduction, and register the corresponding Public Deed before the Chamber of Commerce of the principal domicile of BP Colombia; and

	(f)		Once all above steps are completed, take all necessary actions to repatriate the funds obtained from the sale, according to the procedure established in sections 2.3 and 2.4 of this Agreement.

2.3. As soon as the Company, BP Overseas or the other nominee shareholders of BP Colombia (as applicable) receive from BP Colombia the Amount of the capital reduction, subject to Colombian Foreign Exchange regulations, and resulting from the sale of the Assets, the Company and BP Overseas undertake to remit, and to cause the other nominee shareholders of BP Colombia to remit, their share of the Amount to the Trustee to a bank account and branch to be indicated by the Trustee in the Trustee Notification.

2.3.1. The Company and/or BP Overseas, when calculating the amount to be remitted to the Trustee, shall take into account that the amount shall be received by the Trustee free and clear of any and all amounts which could in any way reduce the proceeds resulting from the sale of the Assets as a result (i) of the sale and any taxes due to BP Colombia as a result thereby and/or (ii) of the remittance from Colombia to the offshore bank account, except for reasonable sale expenses and income and withholding taxes applicable to this remittance.

2.4. As soon as the proceeds have been repatriated to the Trustee, the Company and/or BP Overseas shall cause the legal representative of BP Colombia to then proceed to adopt all required measures before the Central Bank of Colombia in order to have issued a new Certificate of Registration of Foreign Investment so that such certificate contains the amount of foreign investment registered before the Central Bank of Colombia which remains in Colombia, after the reduction in BP Colombia’s legal capital.

2.5. For the avoidance of doubt, the Company and BP Overseas will not breach their obligations under this Agreement to the extent such breach is due to the Colombian Government approvals required to sell the Assets, if applicable, and reduce the legal capital of BP Colombia by the Amount notified by the Trustee not being granted by the relevant government authority.

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3. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY AND BP OVERSEAS:

3.1. The Company and BP Overseas hereby represent and warrant that the following statements are materially true, accurate and complete, except for changes resulting from transactions provided for and/or referred to in this Agreement:

	(a)		BP Colombia (i) is a private stock corporation (sociedad anónima) duly incorporated and validly existing in accordance with the laws of Colombia; (ii) is in regular operation; (iii) may validly comply with all actions arising from this Agreement; and (iv) has the powers to execute this Agreement and all other instruments which are mentioned herein. The legal representative who executes this Agreement is duly empowered to execute the present Agreement, without any restriction and all required legal, contractual and corporate authorizations have been obtained.

	(b)		Each of the Company and BP Overseas (i) is a private limited liability company duly incorporated and validly existing in accordance with the laws of Australia, (ii) is in regular operation (iii) has the powers to execute this Agreement and all other instruments which are mentioned herein, (iv) has all necessary powers to validly assume all the obligations arising from this Agreement. The legal representatives who execute this Agreement are duly empowered to execute this Agreement, without any restriction, and all required legal, contractual and corporate authorizations have been obtained.

	(c)		The Company is the lawful owner and holder of thirty one million three hundred ninety three thousand five hundred seventy nine (31.393.579) shares, representing ninety point thirty per cent (90.30%) of the total legal outstanding capital of BP Colombia. BP Overseas is the lawful owner and holder of three million three hundred seventy two thousand five hundred forty three (3.372.543) shares, representing approximately nine point seven per cent (9.7%) of the total legal outstanding capital of BP Colombia.

	(d)		The shares representing the legal capital of BP Colombia are free and clear of any liens, charges, encumbrances or claims of any nature whatsoever (other than those in favor of the Trustee), there being no legal, judicial, contractual or administrative restriction which prevents or creates any type of restriction to the transactions contemplated in this Agreement.

	(e)		BP Colombia is the lawful owner of the trademarks listed in Exhibit 3 attached hereto (“Trademarks”) which are all the trademarks used by BP Colombia in its day-to -day business and which are all duly registered (or in the process of being registered) in BP Colombia’s name before the Superintendency of Industry and Trade. All annual fees regarding the Trademarks are paid in full and the Trademarks are free and clear of any liens, charges, encumbrances or claims of any nature whatsoever, or any other restriction to the ownership and/or right of alienation of BP Colombia.

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	(f)		BP Colombia is the lawful owner of the Assets listed in Exhibit 1 attached hereto which are free and clear of any liens, charges, encumbrances or claims of any nature or any other type of restriction to the ownership and/or the right of alienation of BP Colombia.

	(g)		There are no lawsuits, notifications, inquiries, claims or any type of administrative or judicial procedure currently in progress – or, to the best of the Company’s, BP Overseas’ and BP Colombia’s knowledge after due inquiry, imminent – which could adversely interfere with the ownership of the Assets and/or right of alienation of the Assets of BP Colombia.

	(h)		There are no legal, judicial, contractual or administrative restrictions which prevent or create any type of restriction for the Company or BP Overseas to carry out the transaction contemplated in this Agreement, except as to the Colombian authorities’ approval of the reduction of the capital.

3.2. Until the last remittance of the Amounts under the terms set forth herein, as requested by the Trustee, the Company and/or BP Overseas shall cause BP Colombia to be, except for the transactions provided for or referred to in this Agreement, managed pursuant to its ordinary course of business (except for acts carried out in compliance with this Agreement), in order to maintain the representations and warranties established in section 3.1 materially true, accurate and complete and the Company and/or BP Overseas shall cause BP Colombia to instruct its officers to keep the Company and/or BP Overseas informed regarding the status of any substantial changes to the representations and warranties established in section 3.1 in order for the Company and/or BP Overseas to inform the Trustee of any such change.

4. COSTS AND EXPENSES:

4.1. The Company and BP Overseas agree to pay or if it is the case, reimburse the Trustee on demand for:

	(a)		The reasonable costs, charges and expenses of the Trustee in connection with the negotiation, preparation, execution, stamping, registration and completion of this Agreement;

	(b)		The costs, charges and expenses of the Trustee in connection with any consent, exercise or non-exercise of rights (including, without limitation, in connection with the contemplated or actual enforcement or preservation of any rights under this charge), waiver, variation, release, discharge or production of title documents in connection with this Agreement;

	(c)		Taxes and fees, (including, without limitation, registration fees) and fines and penalties in respect of any taxes and fees, which may be payable or determined to be payable in connection with this Agreement or a payment or receipt or any other transaction (including but not limited to taxes, fees and costs related with the sale of the Assets and the reduction of capital) contemplated by this Agreement; and

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(d)

The reasonable costs, charges and expenses of the Trustee in connection with any inquiry by any government authority in connection with this Agreement,

including in each case, without limitation, legal costs and expenses on a full indemnity basis or solicitor and own client basis, whichever is the higher.

4.2. The amounts referred to in section 4.1 are not payable to the extent they are due to (i) an intentional and fraudulent act or omission by the Trustee (“Actual Fraud”), (ii) an act or omission of the Trustee where the Trustee is indifferent to obvious risk of loss to the Company, BP Overseas or BP Colombia (“Gross Negligence”) or (iii) an act or omission of the Trustee where the Trustee knows it is committing, and intends to commit, a breach of its duty as Security Trustee or acts outside its powers, or is indifferent as to whether that act or omission is or is not a breach of duty or within its powers (“Wilful Default”). It is not Actual Fraud, Gross Negligence or Wilful Default of the Trustee if duties or taxes are not paid in connection with this Agreement unless the Company and/or BP Overseas instructs the Trustee to pay duties or taxes, places it in cleared funds to make the payment and the the Trustee fails to make the payment.

4.3 The Company and BP Overseas indemnify the Trustee against any liability or loss arising from, and any costs, charges and expenses incurred in connection with:

	(a)		payment, omission to make payment or delay in making payment of an amount referred to in section 1, section 2.3 and this section 4; or

	(b)		actions, proceedings, costs, claims and demands in connection with the Assets;

	(c)		any indemnity the Trustee gives the Representative; or

	(d)		any breach of this Agreement by the Company, BP Overseas and BP Colombia.

The Company and BP Overseas agree to pay amounts due under this indemnity on demand from the Trustee.

5. CONFIDENTIALITY:

5.1. The parties shall maintain – and shall take all the necessary steps to have their employees, consultants, agents and/or other subcontractors maintain – strict confidentiality as to all the information which they may, due to this Agreement, come to have regarding the business of the other party, except:

	(a)		In the case of information in the public domain or which has been lawfully disclosed by virtue of an administrative or judicial order, by virtue of applicable law, or further, by virtue of being required by any regulatory or governmental authority;

	(b)		To any person where necessary or required in connection with an exercise of rights or a dealing with rights or obligations under this Agreement or a Transaction Document (as defined in the Guarantee and Indemnity);

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	(c)		To officers, employees, legal and other advisers and auditors of the parties to this Agreement, where such person is made aware of the confidential nature of the information;

	(d)		With the consent of the party who provided the information (such consent not to be unreasonably withheld); or

	(e)		To any Debenture Stockholder (as defined in the Guarantee and Indemnity).

This section 5 shall apply to all individuals mentioned in sections 5.1(b), 5.1(c), 5.1(d) and 5.1 (e) above.

The obligations set forth in this section 5.1 shall survive the termination of this Agreement, remaining in full force and effect thereafter.

5.1.1. The parties shall maintain strict confidentiality regarding the contents of this Agreement, which may only be disclosed to third parties as a result of legal or judicial requirements. Even in such events, the Parties shall enter into an agreement as to the form under which the transaction herein shall be disclosed.

5.1.2. It is further agreed that the terms assented to herein shall not jeopardize nor restrict the right of each party to the disclosure, processing and/or use in any other form of the data and information which have been developed without the use of confidential information related to the other party.

5.2. The Company and BP Overseas undertake to require BP Colombia to cause the representatives, employees, consultants, agents and/or other subcontractors of BP Colombia to comply with the confidentiality obligation in the same terms and conditions established in this section 5.

6. MODIFICATIONS: This Agreement may not be amended or modified, except by means of a written agreement signed by the Parties.

7. ASSIGNMENTS: This Agreement may not be assigned, wholly or in part, by the Company, BP Overseas or BP Colombia without the consent of the Trustee. The Trustee may assign its rights under this Agreement, if it has resigned as trustee pursuant to the Security Trust Deed, to a successor trustee.

8. INTERPRETATION: This Agreement (including the Exhibits attached hereto) hereto reflects the whole of the understanding between the Parties regarding the matters contained herein, substituting all prior discussions and documents relevant to those matters.

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9. NOTICES:

9.1. All notices and other communications to be addressed by one Party to the other in connection with the present Agreement will be prepared in writing, and shall be (i) sent by means of a registered letter (carta registrada) or sent by prepaid ordinary post (airmail if posted to or from a place outside Australia) (ii) delivered by hand, or (iii) sent by facsimile, always to the following address:

To the Company:

Xxxxx Xxxxx South America Pty Limited
Xxxxx 00
00 Xxxx Xxxxxx
Xxxxxx XXX 0000
Xxxxxxxxx

Attention: Xxxxx Xxxxxxx
Fax: x000 0000 0000

To BP Overseas:

Xxxxx Xxxxx Food Overseas Holdings Limited
Xxxxx 00
00 Xxxx Xxxxxx
Xxxxxx XXX 0000
Xxxxxxxxx

Attention: Xxxxx Xxxxxxx
Fax: x000 0000 0000

To the Trustee:

X.X. Xxxxxx Australia Limited
Xxxxx 00, XXX Xxxxxx
000 Xxxxxx Xxxxxx,
Xxxxxx XXX 0000
Xxxxxxxxx
Attention: Institutional Trust Services
Fax: x000 0000 0000

with copy to:
JPMorgan Chase Bank
15^th Floor
0 Xxx Xxxx Xxxxx
Xxx Xxxx XX 00000
XXX

Attention: Xxxxx Xxxxxxxx
Fax: x0 000 000 0000

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And,

To BP Colombia:
Xxxxx Xxxxx Colombia X.X.
Xxxxxxx 00 # 00 X - 00
Xxxxxxx, Xxxxx, Xxxxxxxx

Attention: Xxxx Xxxxx Xxxxx Xxxxxxxx
Legal Representative

Fax: x000 000 0000 – 000 0000

unless another address is communicated by one party to the others pursuant to the terms of this section.

9.2. The party giving notification or communication as provided for in this Agreement shall obtain dated proof of delivery and the notification or communication shall be deemed to have been given on the date indicated in the proof of delivery.

10. TRUSTEE’S LIMITATION OF LIABILITY

The Trustee shall not be liable to the Company, BP Overseas, BP Colombia or to any other party to this Agreement or otherwise be responsible for:

(a)		any loss or damage occurring as a result of it exercising, failing to exercise or purporting to exercise any right or power under this Agreement;

(b)		the default of any agent of the Trustee, whether or not the employment or appointment of the agent was necessary or expedient;

(c)		any mistake or omission made by the Trustee; or

(d)		any other matter or thing done in relation to this Agreement or any other document contemplated in this Agreement,

unless and to the extent that any resultant loss or damage is caused by the Actual Fraud, Wilful Default or Gross Negligence of the Trustee.

For the purposes of this section:

(a)		“Actual Fraud” means an intentional and fraudulent act or omission by the Trustee which the Trustee knows is contrary to the interests of the Company, BP Overseas and BP Colombia or is indifferent as to whether it is contrary to their interests or not.

(b)		“Gross Negligence” means an act or omission of the Trustee where the Trustee is indifferent to obvious risk of loss to the Company, BP Overseas and BP Colombia.

(c)		“Wilful Default” means an act or omission of the Trustee where the Trustee knows it is committing, and intends to commit, a breach of its duty as Security Trustee or acts outside its powers, or is indifferent as to whether that act or omission is or is not a breach of duty or within its powers.

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11. MISCELLANEOUS:

11.1. The failure by the Parties to exercise any of their rights or to use any measure to which they are entitled, shall not constitute a waiver of the respective rights or measures.

11.2. Should any provision of this Agreement be considered invalid, unenforceable or null and void, by any court or administrative agency having jurisdiction, or should, by virtue of the laws in force at the time, any provision become invalid, unenforceable or null and void, the other provisions of the Agreement shall remain valid, effective and in force, and the Parties shall replace the invalid, unenforceable or null and void provision by a valid and feasible provision which corresponds, insofar as possible, with the spirit and objective of the provision replaced.

11.3. The obligations hereby assumed by the Parties, as well as all other terms and conditions set forth in this Agreement, are irrevocable, irretractable and unchangeable, except as otherwise contemplated under section 6 and bind the Parties and of their successors and assignees of any nature. The Company and BP Overseas shall be liable for any and all obligations undertaken under the provisions of this Agreement (other than those of the Trustee).

11.4. The headings attributed to the Sections of this Agreement, or used in any other disposition throughout this Agreement, constitute mere references, utilized exclusively for organization purposes, and do not form part of or affect the meaning or interpretation of this Agreement.

11.5. This Agreement and the obligations and rights established herein shall be construed in accordance with and shall always be subject to the laws of Colombia and the Parties submit to the non-exclusive jurisdiction of the courts of Colombia in relation to any controversy arising in connection with this Agreement.

11.6. The Company, BP Overseas and the Trustee hereby waive to any kind of immunity from jurisdiction to which it may be or may come to be entitled, be it for the purposes of service of process, performance, pledge, granting of a judicial or non-judicial warranty, performance warranty or any other acts regarding negotiations, arbitration, lawsuits or other kinds of judicial or non-judicial proceedings, hereby undertaking never to allege in its favor such immunities from jurisdiction in any negotiation, arbitration, lawsuit or any other kind of judicial or non-judicial proceeding related to its obligations, liabilities or other matters related to this Agreement (including any liability for the payment of money).

11.7. In this Agreement, any reference in the plural form of a defined term which was originally expressed in the singular form, as well as any reference in the singular form of a defined term which was originally expressed in the plural form, signifies only a quantitative modification and shall not be deemed to cause any change regarding the subject represented by the respective defined term.

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11.8. The Parties to this Agreement acknowledge and agree that the Trustee enters into this Agreement as the trustee of the Xxxxx, Xxxxx & Company Limited Security Trust.

11.9. The legal representative, acting on behalf of BP Colombia and duly empowered according to the corporate authorization granted by the Board of Directors in its meeting of 27 February, 2004, by signing this Agreement, acknowledges and accepts to comply with the content of such Agreement.

In witness thereof, the Parties execute the present Agreement in three (3) counterparts of like form and content, for one sole effect, in the presence of the 2 (two) undersigned witnesses in Sydney, Australia on March, 2004.

Each attorney executing this Agreement states that he or she has no notice of revocation or suspension of his or her power of attorney.

Signed for Xxxxx Xxxxx South America
Pty Limited by its attorney under power
of attorney in the presence of:


Witness Signature		Attorney Signature

Print Name		Print Name

Signed for Xxxxx Xxxxx Food Overseas
Holdings Limited by its attorney under
power of attorney in the presence of:


Witness Signature		Attorney Signature

Print Name		Print Name

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Signed for Xxxxx Xxxxx Colombia S.A.
by its attorney under power of attorney in
the presence of:


Witness Signature		Attorney Signature

Print Name		Print Name

Signed for X.X. Xxxxxx Australia
Limited by its attorney under power of
attorney in the presence of:


Witness Signature		Attorney Signature

Print Name		Print Name

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Exhibit 1

ASSETS

The following is the list of the Assets owned by BP Colombia as at the date of this Agreement. This list shall be revised and/or amended, if necessary, by BP Colombia upon written notice by the Company once BP Colombia is required to sell the Assets according to the terms and conditions of this Agreement.

Note: The following are the details related to the real estate located in Bogotá and Palmira:

	1.		Bogotá: Xxxxx 00 Xx. 00 X 00, Xxxx Xxxxxxxxxx Xxxxxxxxxx, Xxxxxx, Xxxxxxxx (1020 mts2. Boundaries: North: 17 mts. parking lot 15th street -parking lot for vehicles of 15th street; East: 60 mts. with land marked with number 68D-45; South: 17 mts. with land number 3 of the same block; West: 60 mts. with land number 10 of the block mentioned).

	2.		Palmira: Carrera 35 Xx.00 X 00 Xxxxxx Xx Xxxxxx, Xxxxxxx (Xxxxx), Xxxxxxxx. (Boundary: It is located between the Calle 34A South and Xxxxx 00 Xxxxx xxx Xxxxxxx 00 Xxxx x Xxxxxxx 00 Xxxx).

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Exhibit 1


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
151601		49000000003		31.10.2002	EDIFICIOS PALMIRA		5.126.962.000		1.788.891
150401		49000000001		31.10.2002	TERRENO PALMIRA		1.513.100.000		527.948
152003		49000000185		31.10.2002	TORRE ENFRIAMIENTO XXXXX XXXXXX S.118970-23205-97		281.681.250		98.284
152003		49000000183		31.10.2002	MONTAJE INSTAL. EQUIPOS SUBESTACION 34.5 KVA BETA		225.000.000		78.507
151601		49000000004		31.10.2002	EDIFICIOS BOGOTA		212.400.000		74.110
152003		49000000182		31.10.2002	PLANTA ELECT.CATERPILAR 1593KVA MOD.3516 S.2S3230		199.173.000		69.495
152003		49000000178		31.10.2002	TABLERO CONTROL DE AUTOMATIZACION XX XXXXXXXX		180.626.250		63.024
152003		49000000186		31.10.2002	TRANSPORT. CAJAS MARCA METALPLAST CON EST. METAL.		161.437.500		56.329
150801		10000000128		31.08.2003	XXXXX Xx. 000 XXXXXXXX XXXXXXX - XXXXXX		157.033.486		54.792
150401		49000000000		31.10.2002	TERRENO BOGOTA		153.000.000 2.444.334 Inmuebles		53.385
151205		10000000146		31.12.2003	CAPEX No. 06 BAKERY SCHOOL EQUPMENT		146.802.712		51.222
152003		49000000077		31.10.2002	PLANT.ELECTRIC CATERPILLAR MOD3512 TA1250KVA 1000		139.121.250		48.542
152003		49000000187		31.10.2002	BALANZAS CON ETIQUETAS IMPRESAS		135.000.000		47.104
152003		49000000184		31.10.2002	CLARIF. XXXXXX ALFA LAVAL MOD.UD200LD S.E711870		114.088.500		39.808
152003		49000000209		31.10.2002	TANQUE XXXXXXXXXXX XX XXXXXXXX 00		108.495.000		37.856
152003		49000000180		31.10.2002	SOPLADOR XXXXXXXX MODELO 76107A6 S. M084530		106.323.000		37.098
152003		49000000388		31.03.2003	BLOQUEOS TABLEROS ELECTRICOS DE LEVADURAS		102.466.060		35.752
152003		49000000076		31.10.2002	M.CLARIFICADOR WESTFALIA TP SA2006076 ?1699772		101.171.250		35.301
152003		49000000074		31.10.2002	TANQUE ALMACE.XXXXXX XX.0 XX.0-0000 XXXXXXX XXXXX		90.000.000		31.403
152003		49000000075		31.10.2002	TANQUE ALMACE. XXXXXX NO.1NO.5-0868 CHICAGO BRIGE		90.000.000		31.403
152003		49000000164		31.10.2002	SOPLADOR BLOWER XXXXXXXX EQUIPOS DE LA VICTORIA		89.928.000		31.378
152801		49000000392		30.04.2003	SERVER X360 1XXEON HP 1.4GZ/1GB/0GB		86.211.007		30.081

¹ Colombian pesos.

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152801		49000000393		30.04.2003	SERVER X360 1XXEON HP 1.4GZ/1GB/0GB		86.211.007		30.081
152801		49000000394		30.04.2003	SERVER X360 1XXEON HP 1.4GZ/1GB/0GB		85.430.627		29.808
152801		49000000395		30.04.2003	SERVER X360 1XXEON HP 1.4GZ/1GB/0GB		85.430.627		29.808
152003		49000000181		31.10.2002	DESHIDRATADOR DE LODOS ALFALAVAL +		84.640.500		29.533
152801		49000000404		30.04.2003	PLANTA TELEFONICA PALMIRA		84.075.342		29.335
152801		49000000406		30.04.2003	PLANTA TELEFONICA BOGOTA		84.075.342		29.335
152003		49000000073		31.10.2002	MAQUINA XXXXXXXXXXX XXXX XXXXXX 000-XX XXXXX00000		82.890.000		28.922
152003		49000000176		31.10.2002	SISTEMA COCINADOR XXXXXX CON ACCESORIOS		80.058.750		27.934
152003		49000000070		31.10.2002	TANQUE FERMENTADOR LEVAD. CON ACCES. NO.1 ACME 00		00.000.000		26.169
152003		49000000071		31.10.2002	TANQUE FERMENTADOR NO 00		00.000.000		26.169
152003		49000000072		31.10.2002	TANQUE FERMENTADOR NO 00		00.000.000		26.169
152003		49000000163		31.10.2002	TABLERO CELCO CCMF PARA BOMBAS INTERC. + MODULOS.		75.000.000		26.169
152003		49000000165		31.10.2002	EQ. MONTAJE CENTRO CONTROL MOTORES EN SALA MAQUIN		75.000.000		26.169
152003		49000000195		31.10.2002	SOPLADOR XXXXXXXX M.76107A S.0988015 P-3732		72.633.750		25.343
152801		49000000501		30.04.2003	CABLEADO ESTRUCTURADO		70.491.820		24.596
150801		10000000136		31.07.2003	EFFLUENT TREARMENT IMPROVEMENTS		67.789.300		23.653
152003		49000000188		31.10.2002	XXXXXXX X XXXXXXXXXXX XXXXXX XXXX XXXXX. 000 CAJA		67.500.000		23.552
152003		49000000604		31.07.2003	DRENAJES HIGIENICOS PARA SITEMA DE LEVADURA		65.052.034		22.698
152003		49000000104		31.10.2002	CMPRESOR XXXXXX XXX.00000X0 XXXXX XX00000		61.745.250		21.544
152003		49000000169		31.10.2002	XXXXXX XXX.000000.0000X0 XXXXXXX XX XX XXXXXXXX		61.745.250		21.544
152003		49000000175		31.10.2002	ADICION AL 307. FEUX412 ALFA LAVAL		61.740.000		21.542
152003		49000000144		31.10.2002	TANQUE 6000 LTS SOLUCION CAUSTICA + ACCESORIOS		60.000.000		20.935
152003		49000000179		31.10.2002	SISTEMA DE FILTRAC. ABSOLUTO PARA AIRE DE BLOWERS		60.000.000		20.935
152003		49000000069		31.10.2002	MAQUINA XXXXXXXXXX XXXX XXXXXX 000 XXXXX 00000		59.568.750		20.785
152003		49000000605		31.07.2003	EQUIPO VIDEO INJET LINEA 28 CON ESTABILIZADOR DE		55.880.754		19.498
152003		49000000168		31.10.2002	MAQUINA ENVASAD. 8 BOQUILLAS		55.818.750		19.476

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000177		31.10.2002	DESAIREADOR MOD.HS-30 300000 LBH		55.383.750		19.324
152003		49000000096		31.10.2002	CALDERA POWER MASTER 200HP MOD3HWBS-200-150 S2857		54.637.500		19.064
152003		49000000142		31.10.2002	XXXXXXXXX XXXX/XXXXXX X.XXXX00XX0-00XX?XXXX000000		51.489.000		17.965
152003		49000000068		31.10.2002	YEAST SEPARADOR WESTFALIA TP.HDA 5006006 ?1693205		51.371.250		17.924
152003		49000000385		31.03.2003	CAPEX KFC 022-02. 350 HP MOTOR FOR BLOWER 2		50.518.991		17.627
152003		49000000171		31.10.2002	INTERCAMBIADOR ALFA LAVAL M20MFM 3010243720		48.903.750		17.063
152003		49000000172		31.10.2002	INTERCAMBIADOR ALFA LAVAL M20MFM 3010243718		48.903.750		17.063
152003		49000000173		31.10.2002	INTERCAMBIADOR ALFA LAVAL M20MFM 3010243719		48.903.750		17.063
152003		49000000174		31.10.2002	INTERCAMBIADOR ALFA LAVAL M20MFM 3010243717		48.903.750		17.063
152003		49000000067		31.10.2002	CENTRIFUGA DE TOBERAS WESTFALIA M.HDA		46.735.500		16.307
152003		49000000208		31.10.2002	SEPARADOR WESTFALIA M. HFG10016HK S. 1617077		46.735.500		16.307
152003		49000000016		31.10.2002	EQUIPO DE CASINO - MESONES DE TRABAJO EN ACERO		45.000.000		15.701
152003		49000000389		31.03.2003	DETECTOR DE METALES LINEA CORTE LEVADURAS		44.573.529		15.553
152801		49000000401		30.04.2003	3600 SERIES 2/4TB LTO TAPE LIBRARY		43.694.835		15.246
152003		49000000097		31.10.2002	TANQUE XXXXXX NO 00		00.000.000		14.734
152003		49000000098		31.10.2002	TANQUE XXXXXX NO 00		00.000.000		14.734
152003		49000000130		31.10.2002	XXXXXX XXXXXX # 00		42.227.250		14.734
152003		49000000066		31.10.2002	CALDERA HORIZONTAL MARCA COLMAQUINAS M.CH200BHP		41.186.250		14.371
152003		49000000191		31.10.2002	SIST.AIRE ACONDICIONADO SALA EMPAQUE POSTRES&BEBI		40.875.000		14.262
152003		49000000211		31.10.2002	TANQUE INOX. XXXX XXXXXX XX XXXXXXXX 00X0.		40.740.750		14.215
152003		49000000065		31.10.2002	TANQUE DEPOSITO MIEL CLARIFICADA NO 00		00.000.000		13.622
152003		49000000598		31.07.2003	CAPTURADOR DE INSECTOS- INSECTOCUTORS		38.683.190		13.497
152003		49000000087		31.10.2002	VALVULAS PARA CONTROL ADICION UREA SERVO PILOT		37.500.000		13.084
151603		49000000006		31.10.2002	CONSTRUCCION XXXX XXXXXXXX XXXX XXXXX XX. 00		37.500.000		13.084
152003		49000000597		31.07.2003	INCUBADORA AMBIENTAL SHAKER M-INNOVA M-BRUNSWICK		37.132.567		12.956

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000166		31.10.2002	CABINA ESTABILIDAD SLT52SD/RH POWER SCIENTIFICA		35.186.250		12.277
154002		49000000378		31.10.2002	MONTACARG.ELECT.HYSTER MN-25XMDR S138H01544T		34.481.250		12.031
154002		49000000379		31.10.2002	MONTACARG.ELECT.HYSTER M.N25XMDR S.138H1545T		34.481.250		12.031
152003		49000000007		31.10.2002	XXXXXX XXXXX.XXXXXX.0000X XXX:0XX00000 M30A05055		34.125.000		11.907
152801		49000000430		30.04.2003	ROUTER 3640 - CHASIS ENRUTADOR, TARJETA Y MODEM		33.737.027		11.771
154002		49000000376		31.10.2002	MONTACARGA ELECTRICO HYSTER X00XX X. 0000X00000X		32.366.250		11.293
154002		49000000377		31.10.2002	MONTACARGA ELECTRICO HYSTER X00XX X. X000X00000X		32.366.250		11.293
152003		49000000194		31.10.2002	XXXXXXXX XX XXXXXXX XXXXXXXXX XXXX X.000x00 X.000		32.238.000		11.248
152801		49000000399		30.04.2003	SERVER X345 XEON 2.0 GHZ/512MB		31.370.653		10.946
152801		49000000400		30.04.2003	SERVER X345 XEON 2.0 GHZ/512MB		31.176.366		10.878
152003		49000000386		31.03.2003	AKC-002 WASTEWATER TREATMENT PLANT		31.119.754		10.858
152003		49000000606		31.07.2003	REPARACION DEL TANQUE XXXXXX 3		30.436.467		10.620
152003		49000000018		31.10.2002	MONTAJE TRANSFORMADOR 150KVA - OFICINAS ADMON		30.000.000		10.468
152003		49000000115		31.10.2002	OSCILOSCOPIO SCOPEMETER“FLUKE		30.000.000		10.468
152003		49000000167		31.10.2002	SISTEMA DE REFRIGERACION CON AMONIACO		30.000.000		10.468
152003		49000000161		31.10.2002	INCUBADORA AMBIENTAL SHAKER M-INNOVA M-BRUNSWICK		29.043.750		10.134
152003		49000000064		31.10.2002	TANQUE XXXXXXXXXX 0.000 XX.XXXXXXX.XXXXX X.XXXXXX		28.584.750		9.974
152003		49000000210		31.10.2002	XXXXXX XXXXXXXXX XX XXXXXXXX 0		28.584.750		9.974
152003		49000000063		31.10.2002	TANQUE RECIBIDOR LEVADURA MOJONNIER 212		28.351.500		9.892
152003		49000000062		31.10.2002	3 BANCOS DE CONDESADORES AUT. MARC-ASEA XXXXX BOV		28.350.000		9.892
152003		49000000059		31.10.2002	TANQUE RECIBIDOR LEVADURA MOJONNIER 213		27.144.000		9.471
152003		49000000060		31.10.2002	TANQUE RECIBIDOR LEVADURA MOJONNIER 214		27.144.000		9.471
152003		49000000061		31.10.2002	TANQUE RECIBIDOR LEVADURA MOJONNIER 215		27.144.000		9.471
152003		49000000381		31.03.2003	CAPEX KFC 019-02. BOMBA PARA PRE C1		26.536.587		9.259
152003		49000000058		31.10.2002	MAQUINA XXXXXXXXX XXXX XXXXXX 000-X XXXXX 00000.		25.890.000		9.033
152003		49000000057		31.10.2002	COMPRESOR XXXXXXXXX X.XX00 X.X0000, SECAD Y FILTRO		25.575.000		8.924

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000145		31.10.2002	COMPR.AIRE POWER SYNC MOD.QSI370/ACA31EL S.92023H		24.903.000		8.689
152003		49000000056		31.10.2002	TANQUE DEPOSITO MIEL CLARIFICADA NO 00		00.000.000		8.605
154002		49000000375		31.10.2002	MONTACARGA ELECTRICO HYSTER X00XX X. X000X00000X		24.315.000		8.484
152003		49000000159		31.10.2002	BOMBAS COMPRIMIR LEVAD.XXXXXXX MOD.120ASS S.01098		23.325.000		8.139
152003		49000000160		31.10.2002	BOMBA COMPRIMIR LEVADU.XXXXXXX MOD.120ASS S.01098		23.325.000		8.139
152801		49000000408		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000410		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000412		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000413		31.03.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000415		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000418		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000420		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152801		49000000424		30.04.2003	CAJUN SWITH AVAYA		23.199.987		8.095
152003		49000000391		31.03.2003	DIQUE PARA ACIDOS EN BODEGA MATERIA PRIMA		22.653.409		7.904
152003		49000000170		31.10.2002	TANQUE E INSULACION GENERADOR DE AGUA CALIENTE		22.500.000		7.851
152003		49000000207		31.10.2002	MEZCLADOR INMECOLSA INOX. 1 TON. P/POLVOS		22.500.000		7.851
151603		49000000002		31.10.2002	TANQ. ELEVADO P/ALMACENAMIENTO AGUA		22.500.000		7.851
151603		49000000005		31.10.2002	PLANTA TRATAMIENTO SISTEMA CONTROL OLORES BIOTEC		22.500.000		7.851
152003		49000000390		31.03.2003	DIQUE PARA TANQUES DE SODA CAUSTICA		22.379.696		7.809
152003		49000000055		31.10.2002	XXXXX XXXXXXXXXXX XXX0XX00 S-006810401 2.5X2 12HP		21.930.000		7.652
154002		49000000370		31.10.2002	FURGON CHEVROLET COLOR XXXXXX MOT.454007 PLO 419		21.750.000		7.589
154002		49000000380		31.10.2002	CAMION CHEVROLET XXX.00 XXXXX XXX000-XXXX-X000000		21.750.000		7.589
152801		49000000552		30.06.2003	EQUIPOS CORREO DE VOZ AUDIX PLANTA PALMIRA		21.684.610		7.566
152801		49000000553		30.06.2003	EQUIPOS CORREO DE VOZ AUDIX PLANTA BOGOTA		21.684.610		7.566

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000140		31.10.2002	TANQ.DESAIREADOR ALIMENT. AGUA/CALDERA COMESA		21.438.750		7.480
152003		49000000192		31.10.2002	SISTEMA DE AIRE ACONDICIONADO PLANTA DE R.T.E.		21.075.000		7.353
152801		49000000407		30.04.2003	XXXX XXXXX 000/000 XX LTO HALF-HIGH		20.691.419		7.220
152003		49000000387		31.03.2003	CAPEX KFC 023-02. BOMBA PARA FERMENTADOR 5		20.614.741		7.193
152003		49000000600		31.07.2003	EQ RESP.AUTONOMA AUTOCONTENIDO MSA MOD.ULTRALITE		20.521.173		7.160
152003		49000000051		31.10.2002	XXXXXX XX XXXXXXXX 0 XXXX 000000 XXXXXXX 356		20.137.500		7.026
152003		49000000052		31.10.2002	PRENSA NO.36-150-1 LEVADURA NO.3 XXXXXXX 335		20.137.500		7.026
152003		49000000053		31.10.2002	PRENSA XX.00-000-0 XX XXXXXXXX XXXXXXX 000		20.137.500		7.026
152003		49000000054		31.10.2002	PRENSA XX.00-000-0 XX XXXXXXXX XXXXXXX 000		20.137.500		7.026
152003		49000000206		31.10.2002	ELEVADOR DE CARGA LEVADURAS		19.211.250		6.703
152003		49000000050		31.10.2002	XXXXXXXXX XX XXXXXXXX XX 00 XXXX XXXXX XXX 00		19.200.000		6.699
152003		49000000202		31.10.2002	LLENADORA ROVEMA M. VP2393 S. 31/5		18.937.500		6.608
152003		49000000102		31.10.2002	PLATAFORMA XXXXXXX TOLEDO MOD. PREDATOR 500KG		18.750.000		6.542
152003		49000000103		31.10.2002	XXXXXXXX XX 00 XXXXXXX XXXXX XXXXXX X.XX 0000000		18.750.000		6.542
152003		49000000147		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS G9711484		18.750.000		6.542
152003		49000000148		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS E9707535		18.750.000		6.542
152003		49000000149		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS J00190055		18.750.000		6.542
152003		49000000150		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS SIN SERIAL		18.750.000		6.542
152003		49000000151		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS E9707694		18.750.000		6.542
152003		49000000152		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS E9707596		18.750.000		6.542
152003		49000000153		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS J00190053		18.750.000		6.542
152003		49000000154		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS J00190052		18.750.000		6.542
152003		49000000155		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS J00190050		18.750.000		6.542
152003		49000000156		31.10.2002	BOMBA GOULDS 150M3/H + MOTOR SIEMENS SIN SERIAL		18.750.000		6.542
152003		49000000189		31.10.2002	UNIDAD CONDENS. AIRE ACOND. SEVILLE SERIE F9S246O		18.600.000		6.490

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152801		49000000396		30.04.2003	SERVER X330 PT3/1.13GZ/256MB/18,2GB		18.219.136		6.357
152801		49000000397		30.04.2003	SERVER X330 PT3/1.13GZ/256MB/18,2GB		18.219.136		6.357
152003		49000000138		31.10.2002	CONDENS.EVAPORATIVO MYCOM MOD.ATC-150 S.950964		18.165.000		6.338
152003		49000000647		31.12.2003	CERRADORA DE ENVASES PARA POLVO DE HORNEAR		17.890.880		6.242
152003		49000000157		31.10.2002	TANQUE ACERO INOXIDABLE DECANTADOR XX XXXXXX		17.645.250		6.157
152003		49000000105		31.10.2002	MEZCLADOR INMECOLSA OT10326 MOTREDUCTOR 0120834		17.388.750		6.067
152401		49000000224		31.10.2002	FOTOCOPIADORA PARA DISTRITO BOGOTA		17.364.750		6.059
152003		49000000079		31.10.2002	LAVADORA EXTRACT. UNIMAC UW125 S060938920021664		16.875.000		5.888
152003		49000000198		31.10.2002	LLENADORA EMZO M. EUX1 S. 148		16.875.000		5.888
152003		49000000143		31.10.2002	SISTEMA DE CONTROL DE FLUJO		16.706.250		5.829
152003		49000000607		31.07.2003	ADICCION A.F.49000001057 COCINADOR XX XXXXXX		16.668.562		5.816
152003		49000000134		31.10.2002	SISTEMA CONTROL XX XXXXXX BIOTEC DE COLOMBIA		16.470.000		5.747
152003		49000000560		31.07.2003	MAQUINA ENVASADORA AUT. DISCOVERY PARA POLVOS		15.813.301		5.518
152003		49000000095		31.10.2002	CROMATOGRAFO LIQ. HEWELLT (INC.CPU-MONITOR-IMPRES		15.461.250		5.395
154002		49000000374		31.10.2002	MONTACARGA HYSTER H30XL SCOO1B13515P MVA773232GAS		15.180.000		5.297
152003		49000000030		31.10.2002	AMASADORA SIGMA QRA-42 REF: 220160131 -		15.000.000		5.234
152003		49000000032		31.10.2002	HORNO MOD.XXXX XX ELECTRICO CON VAPORTIC		15.000.000		5.234
152003		49000000193		31.10.2002	CUARTO FRIO PARA PRODUCTOS CARAVAN MARC COLFRISER		15.000.000		5.234
152003		49000000384		31.03.2003	CAR KFC 036-002. ELECTRIC BOARDS FOR BAK.PRODUCTS		14.643.624		5.109
152003		49000000595		31.07.2003	CHEQUEADOR DE PESO AUTOM. MOD. CCW120 SERIE 00		00.000.000		5.004
152003		49000000089		31.10.2002	SIST.SUAVIZACION AGUAS CALDERAS EDOSPINA”		14.190.000		4.951
152003		49000000162		31.10.2002	COMPRESOR DE AMONIACO MYCOM		14.190.000		4.951
154002		49000000368		31.10.2002	MONTACARGA NISSAN CHASIS PH01-002561 M.PH01A150		13.875.000		4.841
154002		49000000372		31.10.2002	MONTACARGA NISSAN CHASIS PH01-002562 M.PH01A150		13.875.000		4.841
152003		49000000200		31.10.2002	LLENADORA DISCOVERY		13.500.000		4.710
152003		49000000133		31.10.2002	FERMENTOGRAFO MARCA SJA SERIE NO 437		13.387.500		4.671

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152801		49000000445		30.04.2003	XXX XXXXX XXX XX 0 XXX XXXXXX COMET EXTRME		13.192.243		4.603
154002		49000000369		31.10.2002	XXXXXXX X000 XXXXXXXXXX/00 X0X00XX0000XXX000XX000		12.750.000		4.449
152401		49000000212		31.10.2002	AIRE ACONDICIONADO CENTRAL CARRIER 38BA008		12.412.500		4.331
152801		49000000427		30.04.2003	EQUIPO CONTRA INCENDIO SALA COMPUTO FM 200		12.106.540		4.224
152003		49000000031		31.10.2002	HORNO BLODGGET ZEPTHAIRE ECERO INOX.2 PUERTAS EP		12.000.000		4.187
152003		49000000648		31.12.2003	RECIPIENTES PARA BRILLO XXXXXXXXXXX-27		11.901.600		4.153
152003		49000000571		31.07.2003	ELEVADOR HIDRAUL.CAP. 2000KLS CANTELIVER INTAS		11.800.936		4.118
152003		49000000124		31.10.2002	TANQUE XXXXXXXX XXXXXX # 00		11.426.250		3.987
152003		49000000135		31.10.2002	INJECKT PRINTER MODELO 37E SERIE 993540017WD		11.400.000		3.978
152003		49000000049		31.10.2002	TANQUE XXXXXXXXXX XXXXXX XX.0000 XX.0		11.355.000		3.962
152003		49000000015		31.10.2002	TRANSFORMADOR 150KVA SIEMENS MOD. PAD MOUNTED		11.250.000		3.925
152003		49000000019		31.10.2002	EQUIPO ESCUELA PANADERIS - HORNO ELECTRICO		11.250.000		3.925
152003		49000000026		31.10.2002	AMASADORA SIGMA QRA-42 REF: 220160131		11.250.000		3.925
152003		49000000048		31.10.2002	JUEGO XXXXXX XX XXXXXXXX XXXXXXX XXX.0000		11.250.000		3.925
152003		49000000080		31.10.2002	XXXXXXXX XX XXXXX 0000 KLS RAPISCOL		11.250.000		3.925
152003		49000000086		31.10.2002	PORTA-ESTIBA MANUAL MARCA CROWN MOD PTH 2748		11.250.000		3.925
152801		49000000405		30.04.2003	APC SMART UPS 5000RMB NF 5500		10.922.090		3.811
152003		49000000047		31.10.2002	COCINADOR 1 XXXXXX CON ACSESORIOS NO.3860		10.743.750		3.749
154002		49000000373		31.10.2002	MONTACARGA NISSAN S PH01-000533 M H20-S-58294J		10.650.000		3.716
152003		49000000106		31.10.2002	CODIFICADOR VIDEOJET M/EXCEL 170I S.193F29018 CTN		10.575.000		3.690
152003		49000000132		31.10.2002	ESPRECTROFOTOMETRO MOD. 5415C S. 24145-1505401		10.575.000		3.690
152003		49000000205		31.10.2002	VIDEOJET M. 37E S. 993520027WD		10.575.000		3.690
1710161		80000000001		30.04.2003	NORTON ANTIVIRUS		10.453.743		3.648
152003		49000000046		31.10.2002	COMPRESOR PARA REFRIGERACION MYCOM MODELO		10.185.000		3.554
152003		49000000382		31.03.2003	KFC-051-02 BOMBA CREMA STOCK		10.134.920		3.536
152003		49000000017		31.10.2002	SISTEMA CENTRAL AIRE ACONDICIONADO EDIFICIO		9.937.500		3.467

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
154002		49000000371		31.10.2002	MONTACARGA NISSAN PH01-000686 M H2O-S-62237J		9.885.000		3.449
152003		49000000117		31.10.2002	ESTANTERIA METALICA PARA SALA DE MATERIAS XXXXXX		9.632.250		3.361
152801		49000000419		30.04.2003	IMPRESORA HEWLETT PACKARD 4100N		9.434.408		3.292
152003		49000000128		31.10.2002	DETECTOR METALES XXXXXX SERIE 94355468		9.420.000		3.287
152003		49000000045		31.10.2002	TORNO PINACHO MOD.A-76 520X2250 MM.		9.375.000		3.271
152003		49000000139		31.10.2002	TANQUE ALMACENAMIENTO PARA UREA 6500 LTS		9.249.000		3.227
152801		49000000446		30.04.2003	THINKPAD X00\XX0\0,0X\000X\00XX\XXX XX/XX/XXXXX		9.040.187		3.154
152003		49000000028		31.10.2002	AMASADORA SIGMA QRA-42 REF: 220160131		9.000.000		3.140
152003		49000000029		31.10.2002	AMASADORA SIGMA QRA-42 REF: 220160131		9.000.000		3.140
152003		49000000109		31.10.2002	MONTAJE EQUIPOS ANALIZADORES DE REDES		9.000.000		3.140
152003		49000000197		31.10.2002	VIDEOJET EXCEL M. 273SE S. 021770002WD		9.000.000		3.140
152003		49000000044		31.10.2002	TANQUE PREPARACION SEMILLA C3		8.877.750		3.098
152003		49000000085		31.10.2002	COMPRES.XXXXXXXXX-XXXX M.SSR-EP30U S.J8733U93069		8.786.250		3.066
152401		49000000216		31.10.2002	AIRE ACONDIC. CARRIER MOD. 53KNL014		8.700.000		3.036
152401		49000000222		31.10.2002	AIRE ACOND.CARRIER MOD.42KMRO020303 S.2083900205		8.700.000		3.036
152003		49000000146		31.10.2002	EQUIPO AIRE ACONDICIONADO EDIFICIO DE SERVICIOS		8.700.000		3.036
152003		49000000190		31.10.2002	UNID. CONDENS. AIRE ACOND. SALA ESENCIAS E10V012H		8.700.000		3.036
152003		49000000596		31.07.2003	ENVASADORA X-00 XXXXX XXXXXXX X-0000 TIPO PACKAGE		8.623.357		3.009
152003		49000000563		31.07.2003	CARGADOR BATERIAS CBT3 S.4875S BATERIAS 2SLA 250		8.589.220		2.997
152801		49000000502		30.04.2003	IMPRESORA LASER ET 8150N H.P.		8.352.893		2.914
152801		49000000490		30.04.2003	DISCO DURO 36,4 GB 10K RPM 0160SL HD STORAGE		8.348.733		2.913
152801		49000000529		30.04.2003	VIDEO PROYECTOR MARCA EPSON POWERLITE 53C		8.198.147		2.860
152801		49000000530		30.04.2003	VIDEO PROYECTOR MARCA EPSON POWERLITE 53C		8.198.147		2.860
152801		49000000447		30.04.2003	IMPRESORA LASERJET 8150N H.P.		7.944.900		2.772
152801		49000000448		30.04.2003	IMPRESORA LASERJET 8150N H.P.		7.944.900		2.772

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000590		31.07.2003	XXXXXXXXXX XXXXXXXXXX XX-000XX0.0 XXXXX: 750KG		7.922.140		2.764
152003		49000000043		31.10.2002	BOMBA VIKING PUMP MOD.125 S10243536 MOTRED.120565		7.818.750		2.728
152003		49000000013		31.10.2002	EQUIPO DE CASINO - BARRA MOSTRADOR AUTOSERV.		7.800.000		2.722
152003		49000000014		31.10.2002	EQUIPO DE CASINO - BARRA MOSTRADOR AUTOSERV.		7.800.000		2.722
152003		49000000127		31.10.2002	CAMARA DE FERMENTACION MARCA NATIONAL MOD. 505		7.687.500		2.682
152003		49000000122		31.10.2002	BOMBA VIKING MOD. Q125 SERIE NO 10622264		7.650.000		2.669
152003		49000000123		31.10.2002	BOMBA VIKING MOD. Q125 SERIE NO 10622263		7.650.000		2.669
152003		49000000136		31.10.2002	AIRE ACOND. CARVEL MOD.E10AE-060H1 S.B970735		7.500.000		2.617
152003		49000000201		31.10.2002	CABEZOTE ROVEMA M. DT320 S. 3/17		7.500.000		2.617
152003		49000000204		31.10.2002	CABEZOTE XXXXXXX M. DX S. 15482		7.500.000		2.617
152003		49000000010		31.10.2002	EQUIPO DE CASINO - ARMARIO PASO FRIO		7.462.500		2.604
152003		49000000011		31.10.2002	EQUIPO DE CASINO - ARMARIO PASO FRIO		7.462.500		2.604
152801		49000000440		30.04.2003	LAPTOP IBM SERIE T PTIV/1,8 GHZ DVD IMB		7.435.607		2.594
1710161		80000000002		30.04.2003	SOFTWARE DE PROYECCION DE DEMANDA - ACTUALIZACION		7.200.000		2.512
152801		49000000528		30.04.2003	PORTATIL IBM THINKPAD S. T30 PT4/2GZ/256M/40G/XPP		7.133.443		2.489
152801		49000000454		30.04.2003	THINKPAD T30\PT4\1,8G\256M\40GB\WXP		6.884.380		2.402
152801		49000000455		30.04.2003	THINKPAD T30\PT4\1,8G\256M\40GB\WXP		6.882.359		2.401
152003		49000000203		31.10.2002	LLENADORA XXXXXXX M. PACKAGER S. 2815		6.675.000		2.329
152003		49000000562		31.07.2003	TANQUE FIBRA XXXXXX ALMACENAM. ALCOHOL CON ACCESO		6.656.534		2.323
152003		49000000129		31.10.2002	XXXXXX XXXXX XXXXXX XXXX XXXXXXXX 00X0 BIOTEC COL		6.581.250		2.296
152003		49000000042		31.10.2002	TANQUE ALMACENAMIENTO AGUA CALIENTE		6.461.250		2.254
152801		49000000634		31.08.2003	EQUIPOS CÓMPUTO DRIVE, CD ROOM, MALETÍN		6.237.609		2.176
152003		49000000599		31.07.2003	MULTIDETECTOR DE GASES ORION MARCA MSA LEL		6.198.142		2.163
152003		49000000078		31.10.2002	SECADORA VAPOR CISSELL110 LBS L44CD42S S14882392		6.187.500		2.159
152003		49000000125		31.10.2002	TANQUE PRINCIPAL PARA RECIBIDOR AMONIACO		6.187.500		2.159

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000158		31.10.2002	XXXXXXX XX XXXX XXXXXX X0XX0000 + INSTALACION		6.187.500		2.159
152003		49000000616		31.07.2003	GABINETES DE SEGURIDAD REACTIVOS LABORATORIO		6.130.581		2.139
152003		49000000108		31.10.2002	TANQUE INOXID P/REFRIGERACION 1/8 48CM ALTURA 101		6.093.750		2.126
152003		49000000118		31.10.2002	SISTEMA BOMBEO AGUAS RESIDUALES BIOTEC XX XXXXXXX		6.093.000		2.126
152003		49000000591		31.07.2003	ZARANDA VIBRATORIA CIRCULAR 30¨MOTOR 1.2HP 1200RP		6.074.196		2.119
152003		49000000041		31.10.2002	XXXXXXXX XX XXXXX XX.0000 XXXXXX 000		6.000.000		2.094
152003		49000000082		31.10.2002	MESA LAMINA Y ESTRUCT INOX.PARA CUARTO PESAJE MP		6.000.000		2.094
152003		49000000126		31.10.2002	TANQUE PREPARACION UREA 1600 LTS		5.921.250		2.066
152801		49000000441		30.04.2003	NETBAY 2X8 CONSOLE SWITH STORAGE		5.913.483		2.063
152003		49000000116		31.10.2002	DESTILADOR AUT.NITROG. XXXXX XXXXXX S. 1259286		5.437.500		1.897
152401		49000000219		31.10.2002	CUARTO FRIO CON CAPACIDAD PARA 1200 CAJAS		5.400.000		1.884
152003		49000000040		31.10.2002	TANQUE PREPARACION SEMILLA C2		5.352.000		1.867
152401		49000000227		31.10.2002	UNIDAD AIRE ACONDICIONADO LAB LEVADURAS CAR 89-08		5.325.000		1.858
152003		49000000131		31.10.2002	AIRE ACONDIC. EQUIPRAC MOD. 40RR OOB-1 S. 953052		5.325.000		1.858
152003		49000000575		31.07.2003	ZARANDA VIBRATORIA INOXIDABLE MOTOR 1.2HP 1200RP		5.220.200		1.821
152801		49000000638		31.12.2003	MATERIALES CANALIZACION VOZ DATOS		5.164.784		1.802
152003		49000000119		31.10.2002	CALIBRADOR M. PRESUREMENTS MOD.T2300 S.10243-97		5.137.500		1.793
152801		49000000409		30.04.2003	NETBAY 42 STANDARD RACK EXT XSERIES		5.070.854		1.769
152003		49000000608		31.07.2003	BOMBA DOSIFICADORA ACIDO SULFURICO P151-392TI		5.066.307		1.768
152003		49000000039		31.10.2002	CABINA FLUJO XXXXXXX XXXXXXXX X.000000 CAT3620504		4.938.750		1.723
152003		49000000038		31.10.2002	TANQUE FUEL OIL NO 01 CAPACIDAD 26.145 GLS		4.905.000		1.711
152003		49000000110		31.10.2002	EQ. FILTRADO PARA ACPM VITA DIESEL MOD.CONV.S.030		4.890.000		1.706
152003		49000000037		31.10.2002	REOFERMENTOMETRO F2 MARCA CHOPIN TIPO		4.875.000		1.701
152003		49000000120		31.10.2002	DESTILADOR DE AGUA+CORTEENERGIA”		4.875.000		1.701
152003		49000000620		31.07.2003	SOFTWARE PARA AUTOMATIZACION PROCESO PLANTA LEVAD		4.839.840		1.689

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000091		31.10.2002	TANQUE ACERO INOXIDABLE PARA ESENCIAS #01 750 LTS		4.837.500		1.688
152003		49000000092		31.10.2002	TANQUE ACERO INOXIDABLE PARA ESENCIAS #02 750 LTS		4.837.500		1.688
152003		49000000093		31.10.2002	TANQUE ACERO INOXIDABLE PARA ESENCIAS #03 750 LTS		4.837.500		1.688
152003		49000000099		31.10.2002	TANQUE ACERO INOXIDABLE PARA ESENCIAS #04 500 LTS		4.837.500		1.688
152003		49000000100		31.10.2002	TANQUE ACERO INOXIDABLE PARA ESENCIAS #05 500 LTS		4.837.500		1.688
152003		49000000036		31.10.2002	TANQUE FUEL OIL N0 02 CAPACIDAD 25.711 GLS		4.821.000		1.682
152003		49000000111		31.10.2002	BOMBA TORRE ENFRIAMENTO XXXXX XXX		4.800.000		1.675
152003		49000000112		31.10.2002	BOMBA TORRE ENFRIAMIENTO XXXXX XXX		4.800.000		1.675
152003		49000000113		31.10.2002	BOMBA TORRE ENFRIAMIENTO XXXXX XXX		4.800.000		1.675
152003		49000000141		31.10.2002	BOMBA TORRE ENFRIAMIENTO XXXXX XXX+MOTOR+ARRANCAD		4.800.000		1.675
152003		49000000137		31.10.2002	TANQUE SODA CAUSTICA E INTERC. P/LAVADO FERMENTAD		4.785.000		1.670
152801		49000000421		30.04.2003	IMPRESORA HEWLETT PACKARD 4100N		4.779.932		1.668
152801		49000000422		30.04.2003	IMPRESORA HEWLETT PACKARD 4100N		4.779.932		1.668
152801		49000000423		30.04.2003	IMPRESORA HEWLETT PACKARD 4100N		4.779.932		1.668
152801		49000000425		30.04.2003	IMPRESORA HEWLETT PACKARD 4100N		4.779.932		1.668
152003		49000000556		31.07.2003	COLECTOR POLVOS AZUCARES M. VEHLER CAP. 1300 CFM		4.740.999		1.654
152003		49000000094		31.10.2002	SIST. CLORACION ADVANCE 201C1/VR201C1 S.921170-9		4.736.250		1.653
152003		49000000035		31.10.2002	TANQUE ACERO INOXIDABLE BASCULA XXXXXX 234		4.713.750		1.645
152003		49000000090		31.10.2002	INTERCAMBIADOR PLACAS ALFA LAVAL TM10?30100-46218		4.687.500		1.636
152003		49000000034		31.10.2002	MOTOBOMBA TURBINA COLBOMBAS C100_5		4.650.000		1.622
152003		49000000196		31.10.2002	CABEZOTE EMZO M. DT6 S. 145		4.500.000		1.570
152003		49000000199		31.10.2002	CABEZOTE XXXXXX M. DT1909 S. 807525		4.500.000		1.570
152801		49000000637		31.12.2003	ACOMETIDA GENERAL-CABLEADO ESTRUCTURADO		4.476.440		1.562
152003		49000000601		31.07.2003	TANQUE INOXID P/REFRIGERACION 1/8 48CM ALTURA 101		4.447.633		1.552
152003		49000000008		31.10.2002	EQUIPO DE CASINO - ARMARIO PASO CALIENTE		4.200.000		1.465

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152003		49000000009		31.10.2002	EQUIPO DE CASINO - ARMARIO PASO CALIENTE		4.200.000		1.465
152801		49000000304		31.10.2002	LAPTOP IBMPENTIUM IIITHINKPAD A22M		3.750.000		1.308
152801		49000000305		31.10.2002	LAPTOP IBMPENTIUM XXXXXXXXXX X00		3.750.000		1.308
152801		49000000306		31.10.2002	LAPTOP IBMPENTIUM IITHINKPAD 600		3.750.000		1.308
152801		49000000307		31.10.2002	LAPTOP IBMPENTIUM IITHINKPAD 600		3.750.000		1.308
152801		49000000308		31.10.2002	LAPTOP IBMPENTIUM IIITHINKPAD T21		3.750.000		1.308
152801		49000000309		31.10.2002	LAPTOP IBMPENTIUM IITHINKPAD 600		3.750.000		1.308
152801		49000000310		31.10.2002	LAPTOP IBMPENTIUM MMXTHINKPAD 390		3.750.000		1.308
152003		49000000027		31.10.2002	OSNOMETRO MOD. 5004 SERIE Z03190 XXXXX XXXXXXX -		3.750.000		1.308
152003		49000000383		31.03.2003	KFC-050-02 CPU FOR SUBSTATION AUTOMATIZATION		3.716.533		1.297
152801		49000000506		30.04.2003	CPU NETVISTA M42 PT4/2 OGZ/128M/40G/WXP		3.705.372		1.293
152801		49000000411		30.04.2003	NETBAY2X8 CONSOLE SWITCH STORAGE		3.704.379		1.293
152003		49000000561		31.07.2003	INST.ELECT.Y SIST XXXXX.ELEVADOR DE CARGA AD.6393		3.343.834		1.167
152801		49000000503		30.04.2003	POCKET PC 64 MB H3850, FAX MODE INTERNO Y GUAYA		3.324.294		1.160
152801		49000000414		30.04.2003	NETMEDIA STORAGE EXPANSIO EXTERNAL		3.121.522		1.089
152801		49000000416		30.04.2003	PORT CONSOLE SWITCH		3.121.522		1.089
152003		49000000121		31.10.2002	TANQUE XXXXXXXX XXXXXXXX XXXXXXXXX 0000 XXXXXXX		3.000.000		1.047
152801		49000000505		30.04.2003	POCKET PC 64 MB H3850, FAX MODE INTERNO Y GUAYA		2.809.505		980
152801		49000000504		30.04.2003	POCKET PC 64 MB H3850, FAX MODE INTERNO Y GUAYA		2.809.505		980
152801		49000000417		30.04.2003	APC 2U XXXXX-XXX 0000XXX NF4500R		2.729.713		952
152003		49000000615		31.07.2003	CPU FOXBORO P980310F32 AUTOMAT. PROCESO LEVADURAS		2.636.357		920
152801		49000000451		30.04.2003	SCANNER SCANJET USB 7450C H.P.		2.517.520		878
152801		49000000452		30.04.2003	SCANNER SCANJET USB 7450C H.P.		2.517.520		878
152801		49000000510		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000511		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152801		49000000512		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000513		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000514		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000515		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000516		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000517		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000518		30.04.2003	CPU NETVISTAS M42 PTIV/2 OGHZ/256MB/40 GB		2.317.222		809
152801		49000000435		30.04.2003	CPU NETVISTA M42 PT4/2 OGZ/128M/40G/WXP		2.260.381		789
152801		49000000436		30.04.2003	CPU NETVISTA M42 PT4/2 OGZ/128M/40G/WXP		2.260.381		789
152401		49000000225		31.10.2002	AIRE ACONDICIONADO XXXXX XX 0 XXXXXXXXX XXXXXXX		2.250.000		785
152003		49000000012		31.10.2002	SIST.CENTRAL AIRE ACONDICIONADO RRHH		2.250.000		785
152003		49000000081		31.10.2002	XXXXXXXXX XXXX XXXXXXX/XXXXXXXX XXXX.XXX.X000000		2.250.000		785
152801		49000000538		31.05.2003	NETVISTA M42 PTA /2.4GZ/256M/40GB/XP		2.246.897		784
152801		49000000550		30.06.2003	CPU NETVISTA M42 PTA /2.4GZ		2.246.664		784
152801		49000000491		30.04.2003	XXXXXXXX X0 0,0 000 00 X 10\100 WX	P	2.073.033		723
152801		49000000492		30.04.2003	XXXXXXXX X0 0,0 000 00 X 10\100 WX	P	2.073.033		723
152801		49000000493		30.04.2003	XXXXXXXX X0 0,0 000 00 X 10\100 WX	P	2.073.033		723
152801		49000000494		30.04.2003	XXXXXXXX X0 0,0 000 00 X 10\100 WX	P	2.073.033		723
152801		49000000495		30.04.2003	XXXXXXXX X0 0,0 000 00 X 10\100 WX	P	2.073.033		723
152801		49000000458		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000459		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000460		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000461		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000462		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000463		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000464		30.04.2003	NETVISTA P4 1,8 128 40G 10\100 WX F		2.057.401		718

Execution version


								COP$ 2.866
	FIXED		CAPIT.			Acq. Value in		Exchange rate
CLASS	ASSET		DATE		FIXED ASSET DENOMINATION	COP$¹		used
152801		49000000465		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000466		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000467		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000468		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000469		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000470		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000471		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000472		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000473		30.04.2003	XXXXXXXX X0 0,0 000 00X 00\000 XX X		2.057.401		718
152801		49000000540		31.05.2003	UPS POWERWARE XX0000 XX 0,0 XXX- XXXXXXXX		1.995.088		696
152801		49000000541		31.05.2003	UPS POWERWARE XX0000 XX 0,0 XXX- XXXXXXX		1.995.088		696
152003		49000000084		31.10.2002	BAROMETRO PRINCO MODELO 1453 SERIE 13670		1.875.000		654
152003		49000000088		31.10.2002	TANQUE ENFRIADOR MIEL CAR 95-40		1.875.000		654
152003		49000000101		31.10.2002	AIRE ACONDICIONADO CARVEL PARA OFICINAS MANTENIMI		1.875.000		654
152003		49000000594		31.07.2003	BALANZA XXXXXXX - XXXXXX 1119422326		1.729.387		603
152003		49000000025		31.10.2002	40 XXXXXX UNIVERS.MARIPOSA COLOR NEGRA		1.725.000		602
152003		49000000024		31.10.2002	40 XXXXXX UNIVERS.MARIPOSA COLOR NEGRA		1.650.000		576
152801		49000000403		30.04.2003	DVD COMBO CD/RW		1.629.230		568
152801		49000000402		30.04.2003	MODEM USROBOTICS,XXXXXXX, EVERYTING		1.578.818		551
152003		49000000020		31.10.2002	00 XXXXXX XXXXXXXXX. XXXX XXXXXXXX ESCUELA		1.500.000		523
152003		49000000021		31.10.2002	00 XXXXXX XXXXXXXXX. XXXX XXXXXXXX ESCUELA		1.500.000		523
152003		49000000022		31.10.2002	00 XXXXXX XXXXXXXX. XXXX XXXXXXXX ESCUELA		1.500.000		523
152003		49000000023		31.10.2002	SISTEMA CENTRAL AIRE ACONDICIONADO CARRIER EQUIPR		1.500.000		523
152003		49000000083		31.10.2002	SIST.HIDRAUL.CERRAR FILTRO PRENSAS ITEC UHF48T40		1.500.000		523
152003		49000000107		31.10.2002	MAQUINA SELECCIONADORA DE DESECHOS CAR NO. 9758		1.500.000		523

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152003	49000000114	31.10.2002	MAQUINA BARREDORA MARWIND		1.500.000		523
			MOD. XXX00 X.X0000
152801	49000000426	30.04.2003	IMPRESORA HP DESLJET 1160-		1.426.360		498
			CONEXIÓN A RED DIRECT
152801	49000000428	30.04.2003	IMPRESORA HP DESLJET 1160-		1.426.360		498
			CONEXIÓN A RED DIRECT
152801	49000000532	30.04.2003	IMPRESORA LASERJET 1200 H.P.-		1.405.708		490
			CABLE
152801	49000000533	30.04.2003	IMPRESORA LASERJET 1200 H.P.-		1.405.708		490
			CABLE
152801	49000000534	30.04.2003	IMPRESORA LASERJET 1200 H.P.-		1.405.708		490
			CABLE
152801	49000000535	30.04.2003	IMPRESORA LASERJET 1200 H.P.-		1.405.708		490
			CABLE
152801	49000000536	30.04.2003	IMPRESORA LASERJET 1200 H.P.-		1.405.708		490
			CABLE
152003	49000000033	31.10.2002	DOS EQUIPOS AIRE		1.350.000		471
			ACONDICIONADO MULTI-SPLIT
152801	49000000311	31.10.2002	SERVIDORES HEWLETT		1.320.000		461
			PACKARDNETSERVER E45PENTIUM
152801	49000000312	31.10.2002	SERVIDORES HEWLETT		1.320.000		461
			PACKARDNETSERVER E30PENTIUM
152801	49000000313	31.10.2002	SERVIDORES HEWLETT		1.320.000		461
			PACKARDNETSERVER 5/100 LH2PE
152801	49000000314	31.10.2002	SERVIDORES HEWLETT		1.320.000		461
			PACKARDNETSERVER E50PENTIUM
152801	49000000315	31.10.2002	SERVIDORES COMPAQ		1.320.000		461
			PROLIANTML 370PENTIUM II300
152003	49000000592	31.07.2003	PORTA-ESTIBA MANUAL MARCA		1.290.074		450
			CROWN MOD PTH 2748
152003	49000000593	31.07.2003	PORTA-ESTIBA MANUAL MARCA		1.290.074		450
			CROWN MOD PTH 2748
152801	49000000443	30.04.2003	IMPRESORA LASERJET 100 HP		1.218.051		425
152801	49000000444	30.04.2003	IMPRESORA LASERJET 100 HP		1.218.051		425
152801	49000000507	30.04.2003	IMPRESORA LASERJET 100 HP		1.218.051		425
152801	49000000508	30.04.2003	IMPRESORA LASERJET 100 HP		1.218.051		425
152003	49000000609	31.07.2003	CAMARA DE VIDEO HI8 MARCA SONY		1.213.875		424
152801	49000000228	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000229	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III733NETVISTA A20
152801	49000000230	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000231	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000232	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000233	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000234	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000235	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000236	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III733NETVISTA A20
152801	49000000237	31.10.2002	CPU DELLPENTIUM		1.181.250		412
			II300OPTIPLEX GX1
152801	49000000238	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000239	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000240	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000241	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000242	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000243	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III733NETVISTA A20
152801	49000000244	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000245	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000246	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			IV1500NETVISTA A22p
152801	49000000247	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000248	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000249	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III733NETVISTA A20
152801	49000000250	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000251	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III400NETVISTA A40
152801	49000000252	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000253	31.10.2002	CPU IBMPENTIUM II400300 GL		1.181.250		412
152801	49000000254	31.10.2002	CPU HPPENTIUM266VECTRA VE		1.181.250		412
			6/266 SERIES 8DT
152801	49000000255	31.10.2002	CPU HPPENTIUM233VECTRA VE		1.181.250		412
			5/233X SERIES 4DT
152801	49000000256	31.10.2002	CPU IBMPENTIUM II400300 GL		1.181.250		412

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000257	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000258	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000259	31.10.2002	CPU HPPENTIUM233VECTRA VE		1.181.250		412
			5/233X SERIES 4DT
152801	49000000260	31.10.2002	CPU IBMPENTIUM II400300 PL		1.181.250		412
152801	49000000261	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A40
152801	49000000262	31.10.2002	CPU HPPENTIUM233VECTRA VE		1.181.250		412
			5/233X SERIES 4DT
152801	49000000263	31.10.2002	CPU DELLPENTIUM		1.181.250		412
			III400OPTIPLEX GX1
152801	49000000264	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III733NETVISTA A20
152801	49000000265	31.10.2002	CPU IBMPENTIUM		1.181.250		412
			III800NETVISTA A20
152401	49000000215	31.10.2002	AIRE ACOND. CARRIER		1.125.000		393
			MOD.42KNL009303 S.3295Y30641
152401	49000000223	31.10.2002	AIRE ACONDICIONADO CARRIER		1.125.000		393
			EQUIPRAC DE 5TR
152003	49000000576	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000577	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000578	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000579	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000580	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000581	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000582	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000583	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000584	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000585	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000586	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000587	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152003	49000000588	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.039.167		363
152801	49000000496	30.04.2003	MONITOR 17" NEGRO IBM		1.014.400		354
152801	49000000497	30.04.2003	MONITOR 17" NEGRO IBM		1.014.400		354

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000498	30.04.2003	MONITOR 17" NEGRO IBM		1.014.400		354
152801	49000000499	30.04.2003	MONITOR 17" NEGRO IBM		1.014.400		354
152801	49000000500	30.04.2003	MONITOR 17" NEGRO IBM		1.014.400		354
152003	49000000573	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.003.333		350
152003	49000000574	31.07.2003	CARRO XXXXX XXXXX INOXIDABLE		1.003.333		350
152801	49000000519	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000520	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000521	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000522	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000523	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000524	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000525	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000526	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000527	30.04.2003	MONITOR 17" NEGRO IBM		993.095		347
152801	49000000543	30.06.2003	MODEM COMPAQ FLASH 56K SOCKET		974.871		340
			/ IPAQ.
152801	49000000437	30.04.2003	MONITOR 17" NEGRO IBMIZE		968.735		338
			LAYOUT
152801	49000000438	30.04.2003	MONITOR 17" NEGRO IBMIZE		968.735		338
			LAYOUT
152801	49000000439	30.04.2003	MONITOR 17" NEGRO IBMIZE		968.735		338
			LAYOUT
152801	49000000539	31.05.2003	MONITOR 17" NEGRO IBM		962.956		336
152801	49000000551	30.06.2003	MONITOR 17" NEGRO IBM		962.856		336
152801	49000000316	31.10.2002	POCKET SG03400437		954.545		333
152801	49000000317	31.10.2002	POCKET SG03270589		954.545		333
152801	49000000318	31.10.2002	POCKET SG03601820		954.545		333
152801	49000000319	31.10.2002	POCKET SG03700699		954.545		333
152801	49000000320	31.10.2002	POCKET SG03700274		954.545		333
152801	49000000321	31.10.2002	POCKET SG03940353		954.545		333

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000322	31.10.2002	POCKET SG03400264		954.545		333
152801	49000000323	31.10.2002	POCKET SG03700659		954.545		333
152801	49000000324	31.10.2002	POCKET SG03270876		954.545		333
152801	49000000325	31.10.2002	POCKET SG03400629		954.545		333
152801	49000000326	31.10.2002	POCKET SG03601846		954.545		333
152801	49000000509	30.04.2003	IMPRESORA LASERJET 100 HP		943.560		329
152801	49000000429	30.04.2003	IMPRESORA HP1000		933.379		326
152801	49000000431	30.04.2003	IMPRESORA HP1000		933.379		326
152401	49000000214	31.10.2002	AIRE ACONDICIONADO CARRIER		900.000		314
			MOD. PSC S.HP1/28
152003	49000000612	31.07.2003	21 LOCKERS		894.679		312
			METAL.COMPART.GALVANIZADO
			COLOR GRIS
152801	49000000474	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000475	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000476	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000477	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000478	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000479	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000480	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000481	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000482	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000483	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000484	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000485	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000486	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000487	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000488	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308
152801	49000000489	30.04.2003	MONITOR 17" NEGRO IBM		881.743		308

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152003	49000000557	31.07.2003	HIDROLAVADORA MODELO 2040CA		879.291		307
			SERIE 7542483
152003	49000000618	31.07.2003	SOFTWARE VISUAL APPLICATION		873.341		305
			DESIGNER ADICION 744
152003	49000000619	31.07.2003	SOFTWARE VISUAL APPLICATION		873.341		305
			DESIGNER ADICION 759
152003	49000000614	31.07.2003	MONITOR FOXBORO P77420F1N00		811.542		283
			CONTROL PROC. LEVADUR
152801	49000000636	31.08.2003	JUEGO DESTORNILLADOR Y OTROS		802.903		280
			SUMINISTROS
152801	49000000398	30.04.2003	ZIP DRIVE 250 MB EXTERNO OMEGA		758.406		265
152801	49000000453	30.04.2003	ZIP DRIVE 250MB EXTERNO IOMEGA		735.640		257
152801	49000000531	30.04.2003	CONVERTIDORES DE		696.000		243
			ENERGIA,XXXXXXX DE PODER
			FIJAS
152003	49000000567	31.07.2003	INTERFASE CL-ID5A		690.475		241
152801	49000000544	30.06.2003	CABLEADO ESTRUCTURADO		658.880		230
			OFICINAS ADM#N. PALMIRA
152401	49000000221	31.10.2002	40 XXXXXX UNIVERSITARIAS PARA		635.250		222
			ESCUELA PANADERIA
152003	49000000564	31.07.2003	INTERFACE CL-RS232		628.946		219
152003	49000000566	31.07.2003	CAJA SALIDA CONTROL GD-14		621.250		217
152003	49000000621	31.07.2003	SOFTWARE P/CONTROL DE		608.350		212
			CONTADORES ENERGIA CIRVISIO
152003	49000000589	31.07.2003	XXXXXXXXXXX XX XXX XXXXX		000.000		000
			XXXXXX. P/CARROS TOLVAS
152003	49000000569	31.07.2003	FUENTE DIGITAL 0-30VDC		560.690		196
152003	49000000617	31.07.2003	MONITOR IBM MOD.E74		529.376		185
			SERIE.55-MZG83 TIPO 6332-4HE
152003	49000000555	31.07.2003	BOMBA CANEQUERA SETHCO		524.433		183
			1AM-NCC-96 S. 0489
152801	49000000266	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000267	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000268	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000269	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000270	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000271	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000272	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000273	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000274	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000275	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		000
			XXXXX0000XX
152801	49000000276	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000277	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000278	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000279	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000280	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000281	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000282	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000283	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000284	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-4HE
152801	49000000285	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000286	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000287	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000288	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000289	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME74
152801	49000000290	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000291	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000292	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			HP6433A
152801	49000000293	31.10.2002	PANTALLA-MONITOR-TECLADO HP		506.250		177
152801	49000000294	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000295	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000296	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E
152801	49000000297	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			HPD2813
152801	49000000298	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBMG426540-00E

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000299	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000300	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
152801	49000000301	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			DELL
152801	49000000302	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000303	31.10.2002	PANTALLA-MONITOR-TECLADO		506.250		177
			IBME746332-01E
152801	49000000635	31.08.2003	MICROMAPPER		474.024		165
152801	49000000432	30.04.2003	IBM 400GB 7200RPM ATA -100		397.251		139
			XXXX HARD DISK DRYV
152801	49000000433	30.04.2003	IBM 400GB 7200RPM ATA -100		397.251		139
			XXXX HARD DISK DRYV
152801	49000000434	30.04.2003	IBM 400GB 7200RPM ATA -100		397.251		139
			XXXX HARD DISK DRYV
152003	49000000602	31.07.2003	INTERRUPTOR DE ALTA PRESION		385.979		135
			HONEYWELL 637B1002
152003	49000000603	31.07.2003	INTERRUPTOR DE ALTA PRESION		385.979		135
			HONEYWELL 637B1002
152801	49000000327	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ3200A
152801	49000000328	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000329	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000330	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000331	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000332	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000333	31.10.2002	EQUIPOS DE RED SWITCH		375.000		131
			2000J3100A
152801	49000000334	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2600A
152801	49000000335	31.10.2002	EQUIPOS DE RED HP		375.000		131
			ADVANCESTACKJ2611B
152801	49000000336	31.10.2002	EQUIPOS DE RED SWITCH		375.000		131
			2000J3100A
152401	49000000218	31.10.2002	ESCRITOR.EJECUTIVO LINEA		375.000		131
			XXXXXXX XXXXXX REF:EE
152401	49000000220	31.10.2002	ESCRITORIO GERENTE		375.000		131
			REF.DIMENSIONAL MAD.MOHO
			NATUR
152801	49000000449	30.04.2003	QUEMADOR 32X-10X-40X INTERNO		343.299		120
			L.G.
152801	49000000450	30.04.2003	QUEMADOR 32X-10X-40X INTERNO		343.299		120
			L.G.
152801	49000000442	30.04.2003	FAX MODEM 56K EXTERNO TRENDNET		291.646		102

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152003	49000000610	31.07.2003	TRIPODE MARCA VIVITAR CON		288.633		101
			ACCESORIOS P/CAMARA VID
152003	49000000613	31.07.2003	MUEBLE PARA COMPUTADOR EN		257.375		90
			ALUMINIO ANODIZADO
152801	49000000456	30.04.2003	DRIVE REMOVIBLE PARA THINK		245.871		86
			PAD IBM
152801	49000000457	30.04.2003	DRIVE REMOVIBLE PARA THINK		245.871		86
			PAD IBM
152801	49000000542	31.05.2003	FAX MODEM INTERNO 56K		232.100		81
			TREDNNET
152401	49000000217	31.10.2002	ESCRITOR.SECRET.COLOR MADERA		225.000		79
			2GAVETAS REF EAM
152801	49000000547	30.06.2003	TELEFONOS ANALAGOS PANASONIC		220.400		77
			KXTS105
152801	49000000548	30.06.2003	TELEFONOS INALAMBRICOS 900MHZ		220.400		77
152801	49000000549	30.06.2003	TELEFONOS INALAMBRICOS 900MHZ		220.400		77
152003	49000000559	31.07.2003	BALANZA ELECT. FS-6KA SERIE Ó		205.390		72
			F01000922
152402	49000000639	31.12.2003	VENTILADOR TECHO XXXXX 56"		203.000		71
152402	49000000640	31.12.2003	VENTILADOR TECHO XXXXX 56"		203.000		71
152003	49000000611	31.07.2003	MICROFONO DE SOLAPA		202.313		71
			INHALAMBRICO MARCA AUDIOTECNI
152801	49000000545	30.06.2003	TELEFONOS ANALAGOS PANASONIC		182.120		64
			KXTS105
152801	49000000546	30.06.2003	TELEFONOS ANALAGOS PANASONIC		182.120		64
			KXTS105
152003	49000000558	31.07.2003	BALANZA ELECT. XXX XX-150K		159.505		56
			SERIE Ó H3200465
152003	49000000572	31.07.2003	REFRACTOMETRO MEDICION DE		158.356		55
			BRIX MOD.N-1E S.2940-19
152003	49000000568	31.07.2003	CABLE CONEXION RS232-9P		156.200		55
152003	49000000565	31.07.2003	CABLE CONEXION GD14		122.475		43
152003	49000000570	31.07.2003	2 MASCARAS ULTRLITE II CARETA		115.512		40
			XXXXX XXXXX.X.XXXXX
152401	49000000213	31.10.2002	AIRE ACONDICIONADO TOSHIBA		112.500		39
			SERIE RAC30E2B
152402	49000000644	31.12.2003	VENTILADORES SAMURAI 3X1 DE		109.040		38
			18"
152402	49000000645	31.12.2003	VENTILADORES SAMURAI 3X1 DE		109.040		38
			18"
152402	49000000646	31.12.2003	VENTILADORES SAMURAI 3X1 DE		109.040		38
			18"
152402	49000000641	31.12.2003	VENTILADORES SAMURAI 3X1,16"		99.760		35

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152402	49000000642	31.12.2003	VENTILADORES SAMURAI 3X1,16"		99.760		35
152402	49000000643	31.12.2003	VENTILADORES SAMURAI 3X1,16"		99.760		35
152801	49000000554	31.07.2003	INSTALACIÓN DERIVACIONES		92.800		32
			TELEFÓNICAS
152401	49000000226	31.10.2002	AIRE XXXXXXXXXXXXX XXXXXXX		00.000		00
			00000 XXX 220V R30E2B
152801	49000000337	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000338	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000339	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000340	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000341	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000342	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000343	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000344	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000345	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000346	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000347	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000348	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000349	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000350	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000351	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000352	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000353	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000354	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000355	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000356	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000357	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000358	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700

Execution version


						COP$ 2.866
	FIXED	CAPIT.		Acq. Value in		Exchange rate
CLASS	ASSET	DATE	FIXED ASSET DENOMINATION	COP$¹		used
152801	49000000359	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000360	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000361	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000362	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000363	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000364	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000365	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
152801	49000000366	31.10.2002	TELEFONOS ANALOGOS MARCA AT&		37.500		13
			T MODELO 700
					00.000.000.000		5.604.086

Execution version

Exhibit 2

X.X. XXXXXX AUSTRALIA LIMITED CERTIFICATE

X.X. Xxxxxx Australia Limited (ACN 002 888 011) in its capacity as Trustee of the Xxxxx, Xxxxx & Company Limited Security Trust hereby certifies as follows:

(a)		It has issued a demand to Xxxxx Xxxxx South America Pty. Limited and Xxxxx Xxxxx Food Overseas Holdings Limited (“Companies”) pursuant to a deed of guarantee and indemnity dated 28 July 1998 (“Deed of Guarantee and Indemnity”). A copy of such demand is attached to this certificate. Such demand has been received or is deemed to have been received by each Company in accordance with clause 13 of the Deed of Guarantee and Indemnity.

(b)		The demand referred to in (a) above has been made due to a failure by a Debtor (as defined in the Deed of Guarantee and Indemnity) to pay an amount owed to a Debenture Stockholder (as defined in the Deed of the Guarantee and Indemnity) in accordance with a Transaction Document (as defined in the Deed of Guarantee and Indemnity)

(c)		As at the date of this Certificate, each Company has not complied with the demand.

(d)		The Debtor has not made such payment in full as at the date of this Certificate. The amount outstanding is in excess of [X in Colombian currency].

EXECUTED as a deed and dated ________ of this __________

SIGNED, SEALED AND DELIVED
By
As attorney for X.X. XXXXXX
AUSTRALIA LIMITED under power
of attorney dated
in the presence of:

Signature of witness

Name of witness (block letters)

Address of witness



Occupation of witness		By executing this deed the attorney states that the attorney has received no notice of revocation of the power of attorney.

Execution version

Exhibit 3

TRADEMARKS

The following is the list of trademarks owned by BP Colombia provided by BP Colombia:


Trademark	Class		File No.	Certificate No.		Expiration date
XXXXXX		30	92-291.793		8905	October 17, 2.003
F-2000		30	95-056.384		186.688	March 21, 2.006
FIGURE OF A COOKER		30	00-007.917		235.939	January 9, 2.011
FLEISCAKE		29	95-056.386		187.046	March 21, 2.006
FLEISCAKE		30	95-056.381		186.687	March 21, 2.006
FLEISCREM		29	95-061.696		187.860	May 31, 2.006
FLEISCREM		30	95-061.697		187.861	May 31, 2.006
XXXXXXXXXXX		30	92-250.670		127.399	December 14, 2.004
XXXXXXXXXXX’X		30	92-344.958		13.979A	August 2, 2.011
XXXXXXXXXXX’X		30	92-259.766		2853	August 27, 2.006
XXXXXXXXXXX’X		30	92-277.057		14.946	October 13, 2.007
FLEISJALDRE		29	95-061.694		187.858	May 31, 2.006
FLEISJALDRE		30	95-061.695		187.859	May 31, 2.006
FLEISPAN		29	95-056.380		186.686	March 21, 2.006
FLEISPAN		30	95-056.379		186.685	March 21, 2.006
INCOLSA		29	92-293.524		135.228	August 6, 2.006
INCOLSA		30	92-293.525		135.226	August 6, 2.006
LEVADURA XXXXXXXXXXX (DESIGN)		30	92-302.853		16.546	May 25, 2.009
PHOS-FO-LAC		30	92-282.386		132.025	December 28, 2.005
RO-MO-NO		30	92-222.944		57.803	November 27, 2.004

Pending applications in the name of BP Colombia:


Trademark	Class		File No.	Filing date
DESIGN OF A COOKER		29	02-117.244	December 30, 2.002

Execution version


DESIGN OF A COOKER	30	02-117.243	December 30, 2.002

MASAPLUS	29	03-009.212	February 6, 2.003
FLEISCREAM (DESIGN)	30	03-000.234	January 3, 2.003
FLEISCREAM	29	03-009.211	February 6, 2.003
XXXXXXXXXXX (DESIGN)	29	03-001.121	January 10, 2.003

XXXXXXXXXXX (DESIGN)	30	03-001.122	January 10, 2.003

Execution version

Exhibit 4

POWER OF ATTORNEY

, of legal age, domiciled and resident in the city of , Colombia, with Citizenship Card No. , issued in , representing and acting on behalf of XXXXX XXXXX COLOMBIA S.A., a company incorporated and organized under the Laws of the Republic of Colombia, with its registered office located at , acting in my capacity as Legal Representative of such company (the “CONSTITUENT”), by means of this document I hereby grant an irrevocable and irretractable POWER OF ATTORNEY, ample and sufficient to , of legal age, domiciled and resident in the city of , identified with No. issued in (the “ATTORNEY”), who may act on behalf of the CONSTITUENT with the purpose of executing and performing the following tasks:

1.		To determine how many Assets (as defined in the Agreement) of Xxxxx Xxxxx Colombia S.A. shall be sold according to the written notification of the Trustee (as defined in the Agreement), taking into account the need to preserve the ongoing day to day business of such company and the Maximum Reduction (as defined in the Agreement) of its capital possible under Colombian law;

2.		To contract or prepare an appraisal of the Assets to be sold according to the fair market value;

3.		To take decisions to whom the Assets

PODER ESPECIAL

, mayor de edad, domiciliado en la ciudad de , Colombia, identificado con Cédula de Ciudadanía No. , expedida en , actuando en nombre y representación de XXXXX XXXXX COLOMBIA S.A, una sociedad constituida bajo las leyes de la República de Colombia, con domicilio en , en mi calidad de Representante Legal de la misma, (en adelante, el “PODERDANTE”), por medio de este documento manifiesto expresamente que confiero de manera irrevocable e irretractable, PODER ESPECIAL, AMPLIO Y SUFICIENTE a , mayor de edad, domiciliado y residente en la ciudad de , identificado con No. expedida en (en adelante, el “APODERADO”), para actuar en nombre y representación de la compañía que represento con el fin de ejecutar y desempeñar las siguientes tareas:

1.		Determinar el número de Bienes (como se definen en el Contrato) de Xxxxx Xxxxx Colombia S.A. que deben ser vendidos de acuerdo con la notificación por escrito del Fiduciario (como se define en el Contrato), teniendo en cuenta la necesidad de preservar la continuidad del día a día de los negocios y la Máxima Reducción (como se define en el Contrato) del capital posible bajo las leyes colombianas;

2.		Contratar o preparar un avalúo de los Bienes a ser vendidos de

Execution version

		shall be sold;

4.		To negotiate the Assets’ sale terms and conditions;

5.		To inform Xxxxx Xxxxx Colombia S.A. of the terms and conditions under which such company shall execute a sale of the Assets agreement subject to Colombian law;

6.		Generally, the ATTORNEY is fully empowered for negotiating, executing and carrying out any act with the purpose of securing the fulfillment of all the duties set forth herein, including but not limited to the execution of the respective sale agreement by private document or public deed, as the case may be, and presenting before a Notary Public for granting any public deed, when necessary.

In witness whereof it is subscribed in , , this ( th) day of of the year 200 .

CONSTITUENT

I ACCEPT:

ATTORNEY

		acuerdo con el precio xx xxxxxxx;

3.		Xxxxx la decisión de a quien deben ser vendidos los Bienes;

4.		Negociar los términos y condiciones de la venta de los Bienes;

5.		Informar a Xxxxx Xxxxx Colombia S.A. los términos y condiciones bajo los cuales xxxxxx suscribirse el contrato de compraventa de los Bienes, sujeto a xx xxx colombiana.

6.		En general, el APODERADO tiene poder amplio y suficiente para negociar, suscribir y llevar a cabo cualquier acto a fin de garantizar el cumplimiento de todos los encargos aquí contenidos, incluyendo pero sin limitarse a la suscripción del respectivo contrato de venta por documento privado o escritura pública, según el caso, y a comparecer ante una Notaría Pública para otorgar cualquier escritura pública que sea necesaria.

En xxxxxxxxxx xx xx anterior se firma en , , el día ( ) de del año 200 .

PODERDANTE

ACEPTO:

APODERADO

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UNDERTAKING OF MUTUAL OBLIGATIONS AGREEMENT AND OTHER COVENANTS (the “Agreement”) entered on March, 2004,

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