Minutes of the general meeting of shareholders held on May 20th, 2019.

In the city of Buenos Aires, on May 20 th 2019, at 10 A.M, shareholders having met at a
general meeting of X corporation at the principal office located at Av., Federal Capital
of Argentina, and the holders of the total capital stock of the corporation with a value of
ARS 38, 600 divided into 38,600 shares with a face value of ARS 1 each and carrying
one vote each pursuant to Corporate Book of Attendance, having been present, the
chairperson of the meeting opened the meeting , declaring that the unanimous vote was
required as provided in section 237 of Argentine Companies Law No. 19.550;
therefore, the unanimous vote of all the holders of capital stock present was required to
approve the items on the agenda. Next, the chairperson mentioned the items on the
agenda to be considered pursuant to the board of directors notice dated May 6th, 2019:
1) Appointment of two shareholders to sign the minutes: the shareholder proposed X
and X to sign the minutes. The motion was approved unanimously 2) Analysis of
documents section 234, subsection 1, Argentine Companies Law No. 19,550, fiscal year
as of December 31st, 2018: the chairperson proposed that the shareholder having known
the documents previously mentioned, the documents were to be approved and the
registration of them here were to be omitted since they had already been registered on
the books of the corporation. The motion was approved unanimously. 3) Division of the
Directors contributions for permanent x managing activities, distribution of dividends
and the remaining proceeds …….. The shareholder X moved a motion that ARS
5,000,000 (five thousand million Argentine pesos ) should be applied to payment of
dividend in cash to the shareholders in pro-rata to their shares and no amount would
have to be designated to the payment of