Lima, 16 January 2001

S.B.S. Resolution No. 019-2001

The Superintendent of Banking and Insurance

WHEREAS:

That, article 226° of the Securities Law, Law No. 27287, provides that the official forms on which the Certificate of Deposit and the Warrant are issued shall be approved by the Superintendency of Banking and Insurance;

That, by SBS Resolution No. 556-86 of 30 September 1986, Circular Letter No. 655-94 of 08 February 1994 and Circular Letter No. 5411-86 of 11 November 1986, this Superintendency approved the uniform text of the Certificates of Deposit and Warrants, Stub and Annexes thereto, as well as the text of the first endorsement of the Warrant;

That, said uniform texts must be adapted to the characteristics established in Section Six of Book Two of Law No. 27287;

Having regard to the opinion of the Deputy Superintendencies of Banking and of Legal Advice; and,

In use of the powers conferred by numeral 9 of article 349° of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance, Law No. 26702 and its amendments, and article 226° of Law No. 27287.

RESOLVES:

Article One.- To approve the forms that must be used for the issuance of the Certificates of Deposit, Warrants, their respective annexes and the first endorsement of the Warrant, the same that form an integral part of this Resolution. The aforementioned forms are mandatory.

Modifications to the forms referred to in the preceding paragraph may be approved by Circular of this Superintendency.

Article Two.- The forms referred to in the previous article must present the formal requirements established in articles 224° and 232°, as applicable, of Law No. 27287. Additionally, the General Deposit Warehouses must procure the physical characteristics they consider necessary to ensure their durability and security.

The securities and their respective annexes established in article one of this Resolution may also be represented by book-entry according to the provisions of article 2° of the Securities Law, Law No. 27287.1

[1] Article amended by SBS Resolution No. 935-2005 of 20/06/2005

Article Three.- The registry or stub books of the Certificates of Deposit and Warrants kept by the General Deposit Warehouse must contain the same information recorded on the front of these. Additionally, it must present on the back, spaces to record the information contained in the Annexes that the aforementioned securities may have, as well as to record the different incidents, measures and other relevant aspects referred to the aforementioned forms.

Article Four.- This Resolution shall govern from the day following its publication in the Official Gazette "El Peruano", date on which SBS Resolution No. 556-86 of 30 September 1986, Circular Letter No. 655-94 of 08 February 1994 and Circular Letter No. 5411-86 of 11 November 1986 shall be without effect.

Article Five.- The Certificates of Deposit, Warrants and their corresponding annexes and first warrant endorsement that are in circulation, pending maturity or payment at the entry into force of this Resolution, shall be subject to the provisions of the Second and Third Transitional Provision of the aforementioned Law No. 27287.

Likewise, the General Deposit Warehouses, with prior authorization from this Superintendency, may adapt their current stock of forms to the essential formal requirements established in the aforementioned law and in this Resolution, using them until 30 June of the year 2001.

Register, communicate and publish,

LUIS CORTAVARRÍA CHECKLEY
Superintendent of Banking and Insurance

(MODEL OF CERTIFICATE OF DEPOSIT) CERTIFICATE OF DEPOSIT(*) No. ..............................

Certificate of Deposit with Warrant issued
No.............
Certificate of Deposit without Warrant issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

In ................................ on the day ...........of .............................. of 2......, this security is issued to the order of .............................................................................domiciled in ............................................... with D.O.I1 : ........................ No. ..............................., on the goods specified below, insured against the risk of ...................... in the Company ............................................ with address at ............................................................................ for its corresponding risk value. The term of the deposit is ................................. and matures on the......... of ..................... of 2 ........ The storage tariff is ....................... ®

Goods in deposit

Quantity	Unit and/or Weight	Description of the goods (class, species) and marks of the packages2	Quality and State of conservation	Patrimonial Value with indication of the valuation criterion

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

Place3 where the goods are stored............................................................................................ Modality of deposit: (Own or Field Warehouse4): ................................................

Additional data for operations in Authorized Customs Warehouse:

D.U.A. No.
............................... Expiration Date :
............................
Customs Certificate of Deposit No. ...............................

The patrimonial value of the goods deposited upon issuing this security is ...................................................... .........................................................................................................................................................................

[®] Paragraph amended by SBS Resolution No. 926-2007 of 13 July 2007

subject to the corresponding reductions for partial withdrawals that will be detailed on the reverse and that will be recorded by the Warehouse in the corresponding Deposit Certificate.

The goods covered by this title are subject to the payment of customs duties, taxes or other charges, and are encumbered with a pledge in favor of the Treasury up to the amount of the debt caused by their clearance.

YES
NO

Charges for storage, conservation and related operations

YES
Amount.......................................
NO

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify if it is a Customs Deposit Certificate.

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Also indicate whether the goods are perishable or not.

3. Indicate the address and/or references that allow an adequate location of the goods.

4. In the case of a Field Warehouse, indicate the corresponding type.

(MODEL OF TRANSCRIPTION OF THE FIRST ENDORSEMENT OF THE WARRANT)(*)

TRANSCRIPTION OF THE FIRST ENDORSEMENT

I(we) declare on the date that I(we) endorse this Warrant representing the goods detailed on the reverse, to the order of ............................................................................... with address at ................................................................................. ................................ with D.O.I1 ......... No......................... to guarantee compliance with obligation(s) derived from .............................. ..................................................................................... up to the sum of ................................................................................................. with maturity on .............................................., subject to the interest rates and other conditions agreed in the respective credit contracts2 ..................... .............................................................................................................................................. In the event that the endorsee is a financial system company, the stipulations contained in articles 132.8 and 172 of Law No. 26702 and its amendments are applicable.

Place of payment of the credit:
	Charge to the depositor's account (first endorser)
Bank	Office	Account No.	DC

ENDORSEMENTS OF THE DEPOSIT CERTIFICATE

.............................................................
Place and Date
.............................................................
Signature of the Endorser
Name of the endorser: ......................................
DOI1
_______________________ No. .................
.............................................................
Signature of the Endorsee
DOI1
_______________________ No. .................

Certification: (Corporate name of the AGD) certifies that this first endorsement has been recorded in its registry or stub book, as well as in the respective Deposit Certificate.

.....................................................................................
Date of Registration of the First Endorsement
......................................
No. of Folio and Volume
.................................................... ......................
P. General Deposit Warehouses
( Corporate Name)
Signature and identification of the Legal Representative

AMORTIZATIONS AND WITHDRAWAL OF GOODS3
Date	Goods		Obligations		Signature of the Representative
	V/Withdrawn	Balance	V/Paid	Balance	Legal of the AGD

(*) This format is applicable to all types of warrants except the Input-Product warrant.

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Indicate the capitalization period and other relevant contractual conditions of the guaranteed obligation.

3. This box must be filled in and signed by the warehouse keeper with the information duly supported by the respective release and/or partial withdrawal documents.

(MODEL OF ANNEX TO THE DEPOSIT CERTIFICATE for additional detail of goods) (To be filled in by the Warehouse Keeper)

ANNEX TO THE DEPOSIT CERTIFICATE(*) No....................................

Deposit Certificate with Warrant issued
No.............
Deposit Certificate without Warrant issued

PAGE No..............

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

Comes from the title / from page No. .......................

Goods in deposit (**)	Quantity	Unit and/or Weight	Description of the goods (class, species) and marks of the packages1	Quality and State of preservation	Patrimonial Value with indication of the valuation criterion

This additional detail of goods forms an integral part of Deposit Certificate No. ................

____________ of ___________________ of 2_____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse Keeper

[*] Specify the type of Deposit Certificate, in case it is a Customs Deposit Certificate or Input-Product Certificate.

[**] In the case of Input-Product Deposit Certificate, it will be identified whether it is inputs or products.

[1] Also indicate whether the goods are perishable or not.

(MODEL OF ANNEX TO THE DEPOSIT CERTIFICATE for Extension of the Deposit Term) (To be filled in by the Warehouse Keeper)

ANNEX TO THE DEPOSIT CERTIFICATE(*) No....................................

Deposit Certificate with Warrant issued
No.............
Deposit Certificate without Warrant issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

Extended the term of the deposit referred to in Deposit Certificate No. ____________________ for ________________________________________________________________________________ plus, which will expire on ________ of __________________________ of 2_____ under the same conditions as the original operation.

____________ of ___________________ of 2_____

NOTE: DEADLINE FOR EXTENSIONS OF THE DEPOSIT CERTIFICATE TERM:___ OF __________ 2 ____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse Keeper

[*] Specify the type of Deposit Certificate, in case it is a Customs Deposit Certificate or Input - Product Certificate

(MODEL OF ANNEX TO THE DEPOSIT CERTIFICATE for Extension of the Term of the Obligation) (To be filled in by the financier)

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

ANNEX TO THE DEPOSIT CERTIFICATE(*) No....................................

Deposit Certificate with Warrant issued No.............

Extended the term of the obligation referred to in the endorsement of the Warrant, until ______ of _________________ of 2______ for the balance owed as of the date which is _______________________________ (S/.) (US$) ______________________ and with guarantee of the current balance of the goods, which have a value of ______________________________________________________________

.......... ......... of .......................... of 2.........

REGISTERED THE EXTENSION OF THE TERM OF
THE OBLIGATION
.... .......... of ........................... of 2 ...........
Storage owed since:

---

.......................................................................... Signature of the Debtor – Endorser
Amount: ............................................................
NAME OF THE GENERAL WAREHOUSE

---

Signature of the Creditor – Endorsee
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify the type of Certificate of Deposit, in the case of a Customs Certificate of Deposit or Input - Product

(MODEL OF WAREHOUSE RECEIPT) WAREHOUSE RECEIPT(*) No. ..............................

Warehouse Receipt with Certificate of Deposit issued
No.............
Warehouse Receipt without Certificate of Deposit issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

In ................................ on the ........... day of .............................. of 2......, this title is issued to the order of .............................................................................domiciled in ............................................... with D.O.I1 :.............. No. ............................... on the goods specified below, insured against the risk of ...................... in the Company ............................................ with address at ............................................................................ for its corresponding risk value. The term of the deposit is ................................. and expires on the......... of ..................... of 2.......... The storage fee is ..................... ®

Goods in deposit

Quantity	Unit and/or Weight	Description of the goods (class, species) and marks of the packages2	Quality and State of preservation	Patrimonial Value with indication of the valuation criterion

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

Place3 where the goods are stored............................................................................................ Type of deposit: (Own or Field Warehouse4 ): ................................................

Additional data for operations in Authorized Customs Warehouse:

D.U.A. No.
............................... Expiration Date :
............................
Customs Certificate of Deposit No. ...............................

The patrimonial value of the goods deposited at the issuance of this title is ...................................................... .........................................................................................................................................................................

[®] Paragraph modified by SBS Resolution No. 926-2007 of 13 July 2007

subject to the corresponding decreases for partial withdrawals that will be detailed on the back and that will be noted by the Warehouse on the corresponding title.

The goods covered by this title are subject to the payment of customs duties, taxes or other charges, and are encumbered with a lien in favor of the Treasury up to the amount of the debt caused by their clearance.

YES
NO

Charges for storage, conservation and related operations

YES
Amount.......................................
NO

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify the type of Warehouse Receipt, in the case of a Customs Warehouse Receipt

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Also indicate whether the goods are perishable or not.

3. Indicate the address and/or references that allow an adequate location of the goods.

4. In the case of a Field Warehouse, indicate the corresponding type.

(MODEL OF THE FIRST ENDORSEMENT OF THE WAREHOUSE RECEIPT)(*)

FIRST ENDORSEMENT

I(we) declare on the date that I(we) endorse this Warehouse Receipt that represents the goods detailed on the front, to the order of ............................................................................... with address at ................................................................................. ................................ with D.O.I1 ......... No......................... to guarantee compliance with obligation(s) derived from .............................. ..................................................................................... up to the sum of ................................................................................................. with maturity on .............................................., subject to the interest rates and other conditions agreed in the respective credit contracts2 .................... ..............................................................................................................................................

In the case that the endorsee is a company of the financial system, the stipulations contained in articles 132.8º and 172° of Law No. 26702 and its amendments are applicable.

Place of payment of the credit:
Charge to the account of the depositor (first endorser)
Bank	Office	Account No.	DC

SUBSEQUENT ENDORSEMENTS OF THE WAREHOUSE RECEIPT

.............................................................
Place and Date
.............................................................
Signature of the Endorser
Name of the endorser: ......................................
DOI1
_______________________ No. .................
.............................................................
Signature of the Endorsee
DOI1
_______________________ No. .................

Certification: (Corporate name of the AGD) certifies that this first endorsement has been recorded in its registry or stub book, as well as in the respective Deposit Certificate, if issued.

.....................................................................................
Date of Registration of the First Endorsement
......................................
No. of Folio and Volume
.................................................... ......................
P. General Deposit Warehouses
(Corporate Name)
Signature and identification of the Legal Representative

AMORTIZATIONS AND WITHDRAWAL OF GOODS3
Date	Goods		Obligations		Signature of the Endorsee of the Warrant
	V/Withdrawn	Balance	V/Credited	Balance

(*) This form is applicable to all types of warrants except the Input-Product warrant.

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Indicate the capitalization period and other relevant contractual conditions of the guaranteed obligation.

3. This box shall be filled in and signed by the authorized representative of the endorsee of the warrant with the information duly supported by the respective release and/or partial withdrawal documents.

(MODEL OF ANNEX TO THE WARRANT for additional detail of goods) (To be filled in by the Warehouse)

ANNEX TO THE WARRANT(*) No....................................

Warrant with Deposit Certificate issued
No.............
Warrant without Deposit Certificate issued

PAGE No..............

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

Comes from the title / from page No. .......................

Goods in deposit (**)	Quantity	Unit and/or Weight	Description of the goods (class, kind) and marks of the packages1	Quality and State of preservation	Patrimonial Value with indication of the valuation criterion

This additional detail of goods forms an integral part of Warrant No. ................

_______________ of ___________________ of 2_____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify the type of Warrant, in case it is a Customs Warrant or Input-Product Warrant.

[**] In the case of Input-Product Warrant, it will be identified whether it is inputs or products.

[1] Also indicate whether the goods are perishable or not.

(MODEL OF ANNEX TO THE WARRANT for Extension of the Deposit Term) (To be filled in by the Warehouse)

ANNEX TO THE WARRANT (*) No....................................

Warrant with Deposit Certificate issued
No.............
Warrant without Certificate of Deposit issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

The term of the deposit referred to in Warrant No. _________________________ has been extended by ___________________________________________________________________________________ plus, which will expire on the ________ of __________________________ of 2_____ under the same conditions as the original transaction.

________________ of ___________________ of 2_____

NOTE: DEADLINE FOR EXTENSIONS OF THE
TERM OF THE WARRANT ________ OF __________ 2 _____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify the type of Warrant, in case it is a Customs Warrant or Input - Product Warrant

(MODEL OF ANNEX TO THE WARRANT for Extension of the Term of the Obligation) (To be filled out by the financier)

ANNEX TO WARRANT (*) No....................................

Warrant with Certificate of Deposit issued
No.............
Warrant without Certificate of Deposit issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

The term of the obligation referred to in the endorsement of the warrant has been extended until the ______ of _________________ of 2______ for the balance owed as of the date which is _______________________________ (S/.) (US$) ______________________ and with guarantee of the current balance of the goods, which have a value of ___________________________________________________________________

..... ......... of .......................... of 2.........

EXTENSION OF THE TERM OF THE
OBLIGATION REGISTERED
................ of ........................... of 2 ...........
Storage owed since:

---

......................................................................... Signature of the Debtor – Endorser
Amount: ..........................................................
NAME OF THE GENERAL WAREHOUSE

---

Signature of the Creditor – Endorsee
Signature and Seal of the Legal Representative of the Warehouse

[*] Specify the type of Warrant, in case it is a Customs Warrant or Input – Product Warrant

(MODEL OF INPUT - PRODUCT CERTIFICATE OF DEPOSIT) INPUT - PRODUCT CERTIFICATE OF DEPOSIT No. ..............................

Certificate of Deposit with Warrant issued
No.............
Certificate of Deposit without Warrant issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

In ................................ on the day ...........of .............................. of 2......, this title is issued to the order of .............................................................................domiciled in .............................................................................. with D.O.I1 :........................... No. ............................... on the goods specified below, insured against the risk of ...................... in the Company ............................................ with address at .......................................................................................... for its corresponding risk value. The term of the deposit is ................................. and expires on the......... of ..................... of 2.......... The storage rate is .................... ®

Goods in deposit (Inputs)

Quantity	Unit and/or Weight	Description of the goods (class, kind) and marks of the packages2	Quality and State of preservation	Asset Value with indication of the valuation criterion

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

The aforementioned inputs may be substituted by the following final or finished products into which they are incorporated, in accordance with the instructions and conditions received by the warehouse in a document duly signed by the depositor and the holder of the warrant, the substitution being under the control of the warehouse.

Products

Quantity	Unit and/or Weight	Characteristics of the products2	Terms of substitution	Observations

Place3 where the goods are stored............................................................................................
Type of deposit: (Own or Field Warehouse4 ): ................................................

[®] Paragraph modified by SBS Resolution No. 926-2007 of 13 July 2007

The asset value of the goods deposited upon issuing this title is ...................................................... ......................................................................................................................................................................... subject to the decreases corresponding to partial withdrawals that will be detailed on the back and that will be recorded by the Warehouse on the corresponding title.

The goods covered by this title are subject to the payment of customs duties, taxes or other charges, and are encumbered with a pledge in favor of the Treasury up to the amount of the debt caused by their clearance.

YES
NO

Charges for storage, conservation and related operations

YES
Amount.......................................
NO

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Also indicate whether the goods are perishable or not.

3. Indicate the address and/or references that allow an adequate location of the goods.

4. In the case of a Field Warehouse, indicate the corresponding type.

(MODEL OF ANNEX TO THE DEPOSIT CERTIFICATE INPUT – PRODUCT for detail of finished substitute products) (To be filled out by the Warehouse)

ANNEX TO THE DEPOSIT CERTIFICATE INPUT-PRODUCT(*) No....................................

Deposit Certificate with Warrant issued
No.............
Deposit Certificate without Warrant issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

As a result of the authorized substitution of inputs for products referred to in Deposit Certificate No. ................., said security represents the following goods over which the rights thereof extend:

Goods in deposit (Inputs / Products)	Quantity	Unit and/or Weight	Description of the goods (class, species) and marks of the packages1	Quality and State of conservation	Patrimonial Value with indication of the valuation criterion
Inputs
Products

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

_________ of ___________________ of 2_____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] This Annex shall be used in cases where, in accordance with the power provided in article 225.3° of the Securities Law, a new security is not issued for the finished substitute products. In such case, this Annex must be issued once all the authorized substitution of products has been made or earlier when required by the holder of the warrant.

1. Also indicate whether the goods are perishable or not.

(MODEL OF THE TRANSCRIPTION OF THE FIRST ENDORSEMENT OF THE INPUT PRODUCT WARRANT)

TRANSCRIPTION OF THE FIRST ENDORSEMENT

I(we) declare on the date that I(we) endorse this Warrant that represents the goods detailed on the reverse, and in due course, if applicable, the products contained in the corresponding Annex for detail of finished substitute products, to the order of ............................................................................... with address at ................................................................................. ................................ with D.O.I1 ......... No......................... to guarantee compliance with obligation(s) derived from .............................. ..................................................................................... up to the sum of ................................................................................................. with maturity on .............................................., subject to the interest rates and other conditions agreed in the respective credit contracts2 .................... ..............................................................................................................................................

In the case that the endorsee is a company of the financial system, the stipulations contained in articles 132.8° and 172° of Law No. 26702 and its amendments are applicable.

Place of payment of the credit:
Charge to the account of the depositor (first endorser)
Bank	Office	Account No.	DC

ENDORSEMENTS OF THE DEPOSIT CERTIFICATE

.............................................................
Place and Date
.............................................................
Signature of the Endorser
Name of the endorser: ......................................
DOI1 _______________________ No .................
.............................................................
Signature of the Endorsee
DOI1 _______________________ No. .................

Certification: (Corporate name of the AGD) certifies that this first endorsement has been recorded in its registry or stub book, as well as in the respective Deposit Certificate.

.....................................................................................
Date of Registration of the First Endorsement
......................................
No. of Folio and Volume
.................................................... ......................
P. General Warehouses of Deposits
(Corporate Name)
Signature and identification of the Legal Representative

AMORTIZATIONS AND WITHDRAWAL OF GOODS3
Date	Goods		Obligations		Signature of the Representative
	V/Withdrawn	Balance	V/Paid	Balance	Legal of the AGD

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Registry of Taxpayers

2. Indicate the capitalization period and other relevant contractual conditions of the guaranteed obligation.

3. This box will be filled out and signed by the warehouse with the information duly supported by the respective release and/or partial withdrawal documents.

(MODEL OF INPUT - PRODUCT WARRANT)

INPUT - PRODUCT WARRANT No. ..............................

Warrant with Deposit Certificate issued
No.............
Warrant without Deposit Certificate issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

In ................................ on the ........... day of .............................. of 2......, this title is issued to the order of .............................................................................domiciled in .............................................................................. with D.O.I1 :........................... No. ............................... on the goods specified below, insured against the risk of ...................... in the Company ............................................ with address at .......................................................................................... for its corresponding risk value. The term of the deposit is ................................. and expires on the......... of ..................... of 2........... The storage fee is ...................... ®

Goods in deposit (Inputs)

Quantity Unit and/or Weight	Description of the goods (class, species) and marks of the packages2	Quality and State of conservation	Patrimonial Value with indication of the valuation criterion

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

The aforementioned inputs may be substituted by the following final or finished products into which they are incorporated, in accordance with the instructions and conditions received by the warehouse in a document duly signed by the depositor and the holder of the warrant, the substitution being under the control of the warehouse.

Products

Quantity Unit and/or Weight	Characteristics of the products2	Terms of substitution	Observations

Place3 where the goods are stored............................................................................................ Type of deposit: (Own or Field Warehouse4 ): ................................................

[®] Paragraph modified by SBS Resolution No. 926-2007 of 13 July 2007

The patrimonial value of the goods deposited at the issuance of this title is ...................................................... ......................................................................................................................................................................... subject to the decreases corresponding to partial withdrawals that will be detailed on the back and that will be noted by the Warehouse on the corresponding title.

The goods covered by this title are subject to the payment of customs duties, taxes or other charges, and are encumbered with a lien in favor of the Treasury up to the amount of the debt caused by their clearance.

YES
NO

Debts for storage, conservation and related operations

YES
Amount.......................................
NO

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Also indicate whether the goods are perishable or not.

3. Indicate the address and/or references that allow an adequate location of the goods.

4. In the case of a Field Warehouse, indicate the corresponding type.

(MODEL OF ANNEX TO THE INPUT-PRODUCT WARRANT for detail of substitute products finished) (To be filled out by the Warehouse)

ANNEX TO THE INPUT-PRODUCT WARRANT (*) No....................................

Warrant with Deposit Certificate issued
No.............
Warrant without Deposit Certificate issued

(NAME AND ADDRESS OF THE GENERAL WAREHOUSE)

As a result of the authorized substitution of inputs for products referred to in Warrant No. ................., said value represents the following goods over which the rights of the same are extended:(a)

Goods in deposit (Inputs / Products)	Quantity	Unit and/or Weight	Description of the goods (class, species) and marks of the packages1	Quality and State of conservation	Patrimonial Value with indication of the valuation criteria
Inputs
Products

(The list of goods continues in the Annex for additional detail of goods on page No. ...............)

_____ _____ of ___________________ of 2_____

(NAME OF THE GENERAL WAREHOUSE)

Signature of the Depositor
Signature and Seal of the Legal Representative of the Warehouse

[*] This Annex shall be used in cases where, in accordance with the power provided in article 225.3° of the Securities Law, a new title is not issued for the finished substitute products. In such case, this Annex must be issued once all the authorized substitution of products has been made or earlier when required by the holder of the warrant.

[1] Also indicate whether the goods are perishable or not. (b)

[a] Amended by SBS Resolution No. 040-2002 of 16.01.2002

[b] Amended by Errata published on 28.01.2001

(MODEL OF THE FIRST ENDORSEMENT OF THE INPUT-PRODUCT WARRANT)

FIRST ENDORSEMENT

I(we) declare on the date that I(we) endorse this Warrant that represents the goods detailed on the reverse, and in due course, if applicable, the products contained in the corresponding Annex for detail of finished substitute products, to the order of ............................................................................... with address at ................................................................................. ................................ with D.O.I1 ......... No......................... to guarantee compliance with obligation(s) derived from .............................. ..................................................................................... up to the sum of ................................................................................................. with maturity on .............................................., subject to the interest rates and other conditions agreed in the respective credit contracts2 .................... .............................................................................................................................................. In the case that the endorsee is a company of the financial system, the stipulations contained in articles 132.8° and 172° of Law No. 26702 and its amendments are applicable.

Place of payment of the credit:
Charge to the account of the depositor (first endorser)
Bank	Office	Account No.	DC

SUBSEQUENT ENDORSEMENTS OF THE WARRANT

.............................................................
Place and Date
.............................................................
Signature of the Endorser
Name of the endorser: ......................................
DOI1 _______________________ No. .................
.............................................................
Signature of the Endorsee
DOI1 _______________________ No. .................

Certification: (Corporate name of the AGD) certifies that this first endorsement has been registered in its registration or stub book, as well as in the respective Deposit Certificate, in the case of having been issued.

.....................................................................................
Date of Registration of the First Endorsement
......................................
No. of Folio and Volume
.................................................... ......................
P. General Warehouses of Deposits
(Company Name)
Signature and identification of the Legal Representative

AMORTIZATIONS AND WITHDRAWAL OF GOODS3
Date	Goods		Obligations		Signature of the Endorsee of the Warrant
	V/Withdrawn	Balance	V/Credited	Balance

1. Indicate the type of Official Identity Document (D.O.I.) that corresponds. For example: DNI: National Identity Document or document that replaces it CI: Identity Card CE: Foreigner's Card PAS: Passport RUC: Single Taxpayer Registry

2. Indicate the capitalization period and other relevant contractual conditions of the guaranteed obligation.

3. This box will be filled in and signed by the authorized representative of the endorsee of the warrant with the information duly supported by the respective release and/or partial withdrawal documents.