0001193125-03-006121 Sample Contracts

FORM OF SUBSCRIPTION AGREEMENT
Subscription Agreement • May 20th, 2003 • Latin American Export Bank • Commercial banks, nec • New York

Banco Latinoamericano de Exportaciones, S.A., a limited liability company organized under the laws of the Republic of Panama (the “Company”), proposes to sell to (the “Purchaser”) up to $ (the “Commitment Amount”) of shares of the Company’s Class Common Stock, no par value.

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