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Notarized Approval for Conducting Business
Prepared by Maria Magdalena Pereira Agüero
I certify that: I) this company, "Holway (S-Corp status)", A) is an able and vigilant, legal entity, inscribed for single tax status (through el Registro Único Tributario) the general tax office of Uruguay, registered under reference number 217922180013, located in Montevideo; was constituted in Montevideo by record on 1 December 2016, with permission of the national internal auditing service (IRS equivalent) on 16 December 2016, and inscribed in accordance with the National Registrar of Legal Entities (Bar equivalent) on 31 May 2017, reference number 7269; having been published in both the official national newspaper and in other private newspapers on 21 June 2017. B) In accordance with article 2 of the nation's statues (15.921), its objective is performing business in the Free-trade zone in accordance with the law; every kind of industrial, commercial or other activity relating to its business is performed with the object of providing financial services; C) its invested capital consists of registered shares since its formation, in accordance with Holway's registered securities, which were recorded on 4 July 2017 in the National Registrar of Legal Entities, reference number 7682; on 26 July 2017, the following were transferred the securities for Holway: JOHN LEWIS, STEPHEN RANDALL OVESON, AND TAD RALPH GYGI as the sole shareholders. II) In accordance with legal formation, a) through the President or Vice President indistinctly, the CEO or the Board of Directors, or two directors acting jointly, will represent the company, according to the established law in article 8. b) By official record, a Special Assembly held in Montevideo on 26 July 2017, the next Board of Directors was designated and, as its sole member: PRESIDENTE: Diego Agustín NAVAS LA PORTA; who is the company's representative. III) In accordance with the above declaration provided by the Company's Representative, up to this day, no activity has been recorded. IN FAITH OF THAT, by request of the party in question and for its presentation to whom it may concern, I issue the present, which I seal, dispatch, and sign in the city of Montevideo on 22 September 2017.
(Stamps denote official customs tariff)
(signature of notary)
MAGDELENA PEREIRA AGÜERO
Public Notary
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