CONTRATO DE MUTUO EN INGLES

By and between _____________________, hereafter called LENDER, and ______________, hereafter called BORROWER, a Contract of Loan for Consumption is entered into under the following conditions and warranties, to wit:

One. LENDER lends the sum of pesos $ ______________ (Cantidad expresada en letra 00/100 M.N.), to BORROWER, who hereby accepts it and takes a check for equal sum, number ______________, draw on _____________________, receipt of which as well as indebtedness are hereby acknowledged.

Two. The term for repayment of the money the subject-matter hereof, which amount shall be duly adjusted as per clause Three hereinbelow, shall be _______ days as from the date hereof, that is, BORROWER shall perform his obligation by ______________.

Three. The amount hereby lent shall be adjusted as follows to the time of actual return to lender:

a) Indice Nacional

b) Tasa Bancaria

c) Interés convencional

d) Etcétera

Four. The money here by lent shall accrue interest, upon the adjusted principal sum, at a rate of _______ percent _______% per annum, to be paid by BORROWER to LENDER at maturity and upon discharge hereof.

Five. Payment of interest and principal shall be made on the date hereinabove indicated, in cash and at LENDER'S address, or at such address as he may indicate in the future.

Six. In order that the amortization term herein fixed be warranted, during the term of duration and until full discharge hereof BORROWER may not perform the following acts without the previous express consent of LENDER:

a) Undertake engagements or obligations on behalf of Third parties, nor become a guantor or surety for other persons, whether natural or artificial ones, except those guaranties arising from the negotiation and indorsement of negotiable instruments.

b) ___________ be disolved nor consolidated with or merged by another corporation.

c) Invest money or capital in any way nor take part in Third person's business other than his own business transactions.

Seven. The following subparagraphs shall be considered default by BORROWER:

a) Failure to pay principal and interest during the term and under the conditions set forth in the Second, Third and Fourth paragraphs herein.

b) Breach of any of the negative covenants set forth in the Sixth paragraph above.

c) Filing of a petition for proceedings prior to the adjucation of bankruptcy (concurso preventivo) or for a voluntary bankruptcy, or a petition in bankruptcy against him being filed by ano ther person and, in any case, not dismissed within thirty days next ensuing Pile thereof.

d) An Attachment levied on his bank-accounts or other property, and not discharged within thirty days next ensuing accomplishment thereof.

e) Judicial or administrative management or comptrol ordered against him, or "expropiation" of his property, or any part thereof.

f) Close of one or more of his bank-accounts.

Upon delay, which shall occur on due date without giving notice thereof, LENDER may, in his own discretion, state the expiration of the term granted to discharge the obligations herein contained as a matter of law, and demand immediate payment of principal and interest due, plus a default interest of _______ percent _______%, per annum upon adjusted balance, as from maturity as to payment date.

Eigth. It is herein stated that the contract is an instrument in which summary proceeding is inherent (título ejecutivo), as per the Código Civil para el estado de ______________, in its Section ______________, subsection _______; furthermore, that the only obligations to be fulfilled are BORROWER'S ones.

To all legal effects arising herefrom, the parties hereto establish their domicile by choice as follows: LENDER at _____________________, and BORROWER at _____________________, and they submit themselves to the ordinary jurisdiction of the Courst of the Capital City of ______________.

IN AGREEMENT WHEREON, ______________ copies of the same tenor and only one effect are signed in ______________, on ______________ Two thousand ______________.

LENDER BORROWER

_____________________ _____________________

WITNESS WITNESS

_____________________ _____________________