0001047469-17-004477 Sample Contracts

IRSA PROPIEDADES COMERCIALES S.A. AND THE BANK OF NEW YORK MELLON As Depositary AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES Amended and Restated Deposit Agreement Dated as of July , 2017
Deposit Agreement • July 10th, 2017 • Irsa Propiedades Comerciales S.A. • Operators of nonresidential buildings • New York

AMENDED AND RESTATED DEPOSIT AGREEMENT dated as of July , 2017 among IRSA PROPIEDADES COMERCIALES S.A. (formerly known as Alto Palermo S.A. (APSA)), a company incorporated with limited liability under the laws of the Argentine Republic (herein called the “Issuer”), THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), a New York banking corporation (herein called the “Depositary”), and all Owners (as hereinafter defined) and holders from time to time of American Depositary Shares issued hereunder.

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FRAMEWORK AGREEMENT FOR THE EXCHANGE OF CORPORATE SERVICE
Framework Agreement • July 10th, 2017 • Irsa Propiedades Comerciales S.A. • Operators of nonresidential buildings
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