OPEN MORTGAGE CONSTITUTED BY MARINES C.A. TO GUARANTEE ITS OWN OBLIGATIONS AND THOSE CONTRACTED BY RECORCHOLIS S.A. AND MESSRS. RÉCHER HERNÁN VIVANCO CÓRDOVA AND LUZ SIERRA SIERRA DE VIVANCO, IN FAVOR OF CONLORANCE INVESTMENTS INC.Baltek Corp • March 14th, 2003 • Millwood, veneer, plywood, & structural wood members
of the year two thousand three, before me, DR. PIERO GASTON AYCART VINCENZINI, Principal Notary THIRTY of this Canton, there appear the party of the first part, the British Virgin Islands company CONLORANCE INVESTMENTS INC., duly represented by its Special Representative in Ecuador, Attorney Justo Andrés Andrade Macías, an Ecuadorian; and the party of the second part, the companies MARINES C.A. and RECORCHOLIS S.A., represented by Mr. Récher Hernán Vivanco Córdova, in his capacity of General Manager and Legal Representative, duly authorized by the Universal Shareholders Meetings of these Companies, held on February twenty-six, two thousand three, and the spouses RÉCHER HERNÁN VIVANCO CÓRDOVA, an Ecuadorian, and LUZ AMINTA SIERRA SIERRA DE VIVANCO, a Colombian, on their own behalf and on behalf of their community of assets. All the deponents are of legal age, executives, domiciled in this city of Guayaquil, competent to bind themselves and contract, known to me, I certify. Being well in
STOCK PURCHASE AGREEMENTStock Purchase Agreement • March 14th, 2003 • Baltek Corp • Millwood, veneer, plywood, & structural wood members
In the city of Guayaquil, on the 17th day of February 2003, a Purchase Agreement is executed for all the shares of the companies MARINES C.A. and RECORCHOLIS S.A., in accordance with the following clauses:
