The General Meeting (“GM”) is the principal governing body of a Stock Corporation (“S.A.”) and is constituted by the meeting of the Shareholders in the form established in the Bylaws.

Division of Duties: The GM is at least in charge of approving: (i) the appointment of all executives and employees of the Company (if not deferred to other corporate bodies), (ii) any dividend distribution, (iii) reserves (iv) actions against administrators (v) issuance of shares (vi) reorganizations, spinoffs, mergers and amendments to the Bylaws (vii) the annual FFSS and (viii) any resolution required in the best interest of the Company.

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Composition: The GM is composed by the Shareholders who must be a minimum of 5 (none of which may hold more than 94.99% of the stock). The GM may take place either: (i) in person; (ii) by simultaneous (e.g. teleconference) or successive (e.g. e-mail/fax conversation) electronic communication; or (iii) by written consent.

Appointment/Dismissal Competence: Not applicable.

Alternates: Not applicable.

NB! The processes for appointment and dismissal to the General Meeting are not described in more detail at the LCB site.