Document:

EX-4.1

 Exhibit 4.1 

 

	
	This Instrument Prepared By:
	 /s/ Charlene Anderson

	Charlene Anderson
	Delmarva Power & Light Company
	Mailstop 92DC42
	500 N. Wakefield Drive,
	Newark, DE 19702-5440

  
  

 
 DELMARVA POWER & LIGHT
COMPANY 
 TO 
 THE BANK OF NEW YORK MELLON, 
 Trustee. 

 
  

ONE HUNDRED AND ELEVENTH SUPPLEMENTAL 
 INDENTURE 
  

 
 Dated as of
January 1, 2013 
 (but executed on the dates shown on the execution page) 

 
  

 

 This ONE HUNDRED AND ELEVENTH SUPPLEMENTAL INDENTURE, dated as of the first
day of January, 2013 (but executed on the dates hereinafter shown), made and entered into by and between DELMARVA POWER & LIGHT COMPANY, a corporation of the State of Delaware and the Commonwealth of Virginia, hereinafter called the Company
and THE BANK OF NEW YORK MELLON, a New York banking corporation, hereinafter called the Trustee; 
 WITNESSETH: 

WHEREAS, the Company heretofore executed and delivered its Indenture of Mortgage and Deed of Trust (hereinafter in this One Hundred and
Eleventh Supplemental Indenture called the “Original Indenture”), dated as of October 1, 1943, to The New York Trust Company, a corporation of the State of New York, as Trustee, to which The Bank of New York Mellon is successor
Trustee, to secure the First Mortgage Bonds of the Company, unlimited in aggregate principal amount and issuable in series, from time to time, in the manner and subject to the conditions set forth in the Original Indenture granted and conveyed unto
the Trustee, upon the trusts, uses and purposes specifically therein set forth, certain real estate, franchises and other property therein described, including property acquired after the date thereof, except as therein otherwise provided; and

 WHEREAS, the Original Indenture has been supplemented by one hundred and ten supplemental indentures specifically subjecting
to the lien of the Original Indenture as though included in the granting clause thereof certain property in said supplemental indentures specifically described and amending and modifying the provisions of the Original Indenture (the Original
Indenture, as amended, modified and supplemented by all of the indentures supplemental thereto, including this One Hundred and Eleventh Supplemental Indenture, is hereinafter in this One Hundred and Eleventh Supplemental Indenture called the
“Indenture”); and 
 WHEREAS, the execution and delivery of this One Hundred and Eleventh Supplemental Indenture has
been duly authorized by Unanimous Written Consent of the Board of Directors of the Company, and all conditions and requirements necessary to make this One Hundred and Eleventh Supplemental Indenture a valid, binding and legal instrument in
accordance with its terms, for the purposes herein expressed, and the execution and delivery hereof, have been in all respects duly authorized; and 
 WHEREAS, it is provided in and by the Original Indenture, inter alia, as follows: 
 “IT IS HEREBY AGREED by the Company that all the property, rights and franchises acquired by the Company after the date hereof (except any hereinbefore or hereinafter expressly excepted) shall
(subject to the provisions of Section 9.01 hereof and to the extent permitted by law) be as fully embraced within the lien hereof as if such property, rights and franchises were now owned by the Company and/or specifically described herein and
conveyed hereby;” 
 and 
 WHEREAS, the Company has acquired certain other property, real, personal and mixed, which heretofore has not been specifically conveyed to the Trustee; 

NOW, THEREFORE, this ONE HUNDRED AND ELEVENTH SUPPLEMENTAL INDENTURE WITNESSETH that for and in consideration of the premises and in
pursuance of the provisions of the Indenture: 
 The Company has granted, bargained, sold, released, conveyed, assigned,
transferred, mortgaged, pledged, set over and confirmed, and by these presents does grant, bargain, sell, release, convey, assign, transfer, mortgage, pledge, set over and confirm unto the Trustee and to its successors in the trust in the Indenture
created, to its and their assigns forever, all the following described 

  
 2 

 
properties of the Company, and does confirm that the Company will not cause or consent to a partition, either voluntary or through legal proceedings, of property, whether herein described or
heretofore or hereafter acquired, in which its ownership shall be as tenant in common, except as permitted by, and in conformity with, the provisions of the Indenture and particularly of Article IX thereof: 

State and County 
 MARYLAND

 Wicomico County 
  

													
	 Property
 Name
	  	Received
For Record	  	Deed Records	 	  	 Tax Map No.

	 	  	 	  	Book	 	  	Page	 	  	 
	 Hudson Substation
	  	05/04/12	  	 	3433	  	  	 	323	  	  	3146 3147 3149

 Together with all other property, real, personal and mixed, tangible and intangible (except such property
as in said Indenture expressly excepted from the lien and operation thereof), acquired by the Company on or prior to December 31, 2012, and not heretofore specifically subjected to the lien of the Indenture. 

Also without limitation of the generality of the foregoing, the easements and rights-of-way and other rights in or not used in connection
with the Company’s operations, which are conveyed to the Company and recorded in the following Real Property Deed Records to which reference is made for a more particular description, to wit: 

State and County 
 DELAWARE

 New Castle 
  

					
	 Received
 For Record
	  	Instrument No.	  	 Tax ID No

	 05/30/2008
	  	20080820-0057207	  	07-032.20-003, 048, 049, 051, 052, 053, 054, 055, 057, 072
	 10/06/2011
	  	20120306-0012424	  	13-014.30-227 thru 392 13-019.10-142 thru 193
	 10/26/2011
	  	20120606-0031404	  	26-049.10-019 thru 025
	 12/21/2011
	  	20120606-0031403	  	26-006-20-001
	 01/05/2012
	  	20120105-0000802	  	13-021.00-010
	 01/05/2012
	  	20120105-0000803	  	11-026.00-011
	 01/05/2012
	  	20120105-0000804	  	20-002.00-059
	 01/05/2012
	  	20120105-0000805	  	11-023.20-330 & 11-023.20-331
	 01/05/2012
	  	20120105-0000806	  	14-012020-080, 14-012.20-083, 14-012.20-086 & 087, 14-012.20-082, 14-012.20-038 thru 061, 14-012.20-83 thru 082, 14-012.20-085, 14-012.20-086, 14-012.20-090 thru
123
	 01/05/2012
	  	20120105-0000807	  	11-009.00-033
	 01/05/2012
	  	20120105-0000808	  	08-043.40-330
	 01/05/2012
	  	20120105-0000809	  	14-003.00-006
	 01/18/2012
	  	20120606-0031402	  	23-018.00-002
	 02/17/2012
	  	20120606-0031405	  	26-027.10-159

  
 3 

					
	 02/29/2012
	  	20121003-0057047	  	080440133
	 03/12/2012
	  	20120606-0031401	  	0603100167
	 04/03/2012
	  	20120606-0031406	  	06-052.00-075
	 05/11/2012
	  	20120529-0029251	  	06-032.00-306
	 05/14/2012
	  	20121003-0057048	  	08-050.40-008
	 06/15/2012
	  	20121031-0062830	  	09-017.00-030
	 06/22/2012
	  	20120625-0035200	  	11-003.30-027
	 11/23/2012
	  	20121003-0057049	  	11-018.10-001 thru 11-018.10-008 & 11-014.30-136 thru 11-014.30-144

 State and County 
 DELAWARE 
 Kent 

 

					
	 Received
 For Record
	  	Instrument No.	  	 Tax ID No

	 01/06/2012
	  	2012-201837	  	4-00-04700-01-4403-00001
	 01/06/2012
	  	2012-201837	  	4-00-04700-01-4403-00001
	 03/16/2012
	  	2012-211276	  	8-00-13900-01-1400-00001
	 03/19/2012
	  	2012-211275	  	 2-00-08500-02-0502-00001

2-00-08500-02-0503-00001

	 04/03/2012
	  	2012-211274	  	7-02-09408-02-1100-00001
	 04/03/2012
	  	2012-211273	  	7-02-09408-02-0300-00001

 State and County 
 DELAWARE 
 Sussex 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax ID No

	  	  	Book	  	Page	  	 
	 01/06/2012
	  	3960	  	49	  	3-34 19.00 380.02
	 01/06/2012
	  	3960	  	57	  	1-32 6.00 95.00
	 01/06/2012
	  	3960	  	51	  	 3-34 13.20 288.00

290.00

	 01/06/2012
	  	3960	  	53	  	 3-34 13.20 291.00
 292.00
295.00

	 01/06/2012
	  	3960	  	55	  	 3-34 13.20 289.00
 293.00
294.00

	 01/06/2012
	  	3960	  	59	  	5-30 10.00 1.00
	 01/06/2012
	  	3960	  	61	  	1-34 11.00 25.02
	 01/06/2012
	  	3960	  	64	  	3-34 14.13 365.00
	 01/06/2012
	  	3960	  	66	  	1-34 13.19 127.01
	 03/20/2012
	  	4007	  	236	  	2-30-26.00-75.00
	 03/26/2012
	  	4007	  	243	  	1-34-9.00-13.00
	 04/01/2012
	  	4007	  	240	  	1-34-11.00-189.00
	 04/11/2012
	  	4007	  	238	  	3-34-13.20-85.00, 85.01, 86.00, 92.00, 93.00, 94.00
	 05/05/2012
	  	4007	  	234	  	1-34-8.00-45.00

  
 4 

 State and County 
 MARYLAND 
 Cecil 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	  	  	Book	  	Page	  	 
	 08/30/2011
	  	3160	  	062	  	0023/0490 LT 1,3,4,5
	 11/23/2011
	  	3208	  	267	  	0025/0791
	 12/21/2011
	  	3160	  	060	  	0024/0189 ALL LOTS
	 01/03/2012
	  	3160	  	066	  	0036/220
	 01/10/2012
	  	3131	  	474	  	Map 0309 Par 0391
	 01/10/2012
	  	3131	  	477	  	Map 13 Par 736
	 01/10/2012
	  	3131	  	479	  	Map 36 Par 0220 Lt 2
	 01/10/2012
	  	3131	  	481	  	Map 0048 Par 0112
	 01/10/2012
	  	3131	  	484	  	Map 48 Par 6
	 01/10/2012
	  	3131	  	487	  	Map 0031 Par 1265 All lots inclusive
	 01/10/2012
	  	3131	  	489	  	Map 0031 Par 1265 All lots inclusive
	 01/10/2012
	  	3131	  	491	  	Map 43 Par 245
	 02/22/2012
	  	3208	  	259	  	0016/0552
	 02/22/2012
	  	3208	  	257	  	0016/0552
	 03/09/2012
	  	3208	  	263	  	0023/0078
	 03/15/2012
	  	3208	  	265	  	0037/0008 ALL LOTS
	 04/02/2012
	  	3208	  	255	  	0035/0456
	 04/04/2012
	  	3208	  	261	  	10/810
	 04/30/2012
	  	3208	  	253	  	0461/0500
	 05/10/2012
	  	3208	  	251	  	016/0484
	 05/10/2012
	  	3208	  	249	  	016/0484
	 05/10/2012
	  	3208	  	247	  	016/0484
	 06/05/2012
	  	3271	  	008	  	17/0508
	 06/11/2012
	  	3270	  	496	  	29/577
	 06/13/2012
	  	3271	  	005	  	3/6
	 07/20/2012
	  	3271	  	001	  	10/0479
	 07/20/2012
	  	3271	  	003	  	10/0081
	 08/15/2012
	  	3270	  	493	  	0485/0025
	 08/18/2012
	  	3160	  	064	  	0036/0220 LT 3

  
 5 

 State and County 
 MARYLAND 
 Dorchester 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	 	  	Book	  	Page	  	 
	 01/06/2012
	  	1065	  	279	  	Map 0200 Par 0053
	 02/22/2012
	  	1090	  	033	  	21/89
	 05/17/12
	  	55	  	150	  	308/11/5721
	 09/19/12
	  	1108	  	463	  	1108/463

 State and County 
 MARYLAND 
 Harford 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id#

	  	  	Book	  	Page	  	 
	 08/29/2011
	  	09721	  	020	  	0027/0466
	 11/18/2011
	  	09721	  	024	  	HARFORD 5-A10/0288
	 11/17/2011
	  	09504	  	233	  	17/242 LT 4
	 06/26/2012
	  	09918	  	028	  	10/0249

 State and County 
 MARYLAND 
 Kent 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	 	  	Book	  	Page	  	 
	 01/05/2012
	  	0704	  	493	  	Map 58 Par 6
	 01/05/2012
	  	0704	  	495	  	Map 0012 Par 0107
	 01/20/2012
	  	0720	  	084	  	37/5585
	 01/19/2012
	  	0720	  	082	  	0037/0299
	 01/19/2012
	  	0720	  	078	  	0051/0157
	 01/20/2012
	  	0710	  	003	  	30/55 LT4
	 01/24/2012
	  	0710	  	007	  	00516/00001
	 01/24/2012
	  	0710	  	009	  	0055/0124 LT3
	 01/27/2012
	  	0710	  	005	  	055/0124 LT1
	 02/03/2012
	  	0710	  	011	  	0046/0142
	 02/15/2012
	  	0720	  	080	  	0045/0012
	 02/15/2012
	  	0720	  	074	  	0046/0173
	 02/15/2012
	  	0710	  	001	  	30/24
	 02/28/2012
	  	0720	  	076	  	0046/0034
	 04/02/2012
	  	0720	  	072	  	51/493
	 04/12/2012
	  	0720	  	068	  	0051/0174

  
 6 

							
	 04/17/2012
	  	0720	  	070	  	0055/0100A
	 04/23/2012
	  	0720	  	066	  	0013/0071
	 05/16/2012
	  	0720	  	064	  	0055/0102
	 06/1/11
	  	0732	  	005	  	0732/005
	 06/12/12
	  	0732	  	007	  	0732/007
	 06/19/12
	  	0732	  	001	  	30/24/2
	 06/21/12
	  	0732	  	003	  	55/2
	 10/10/2012
	  	0732	  	201	  	 Map 0042, Par 0158 – 20.0789 acres
 Tax Map 42 Parcels, 25, 30 & 49

 State and County 
 MARYLAND 
 Queen Anne’s 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	  	  	Book	  	Page	  	 
	 11/07/2011
	  	2109	  	343	  	058A/0290 (LOTS1,2,3,4)
	 11/07/2011
	  	2109	  	341	  	058A/0401 (LOTS1,2,3)
	 01/06/2012
	  	2109	  	345	  	0029/0064
	 02/06/2012
	  	2086	  	005	  	21/2
	 02/14/2012
	  	2109	  	337	  	51/34 LT 1
	 03/02/2012
	  	2109	  	339	  	0060/0003 LT11
	 03/08/2012
	  	2109	  	335	  	0031/0019
	 03/09/2012
	  	2109	  	328	  	59/115
	 03/20/2012
	  	2109	  	330	  	0009/0064
	 03/20/2012
	  	2109	  	321	  	0009/0064
	 03/28/2012
	  	2109	  	319	  	0009/0064
	 03/28/2012
	  	2109	  	323	  	0009/0092
	 04/04/2012
	  	2109	  	325	  	51/27
	 04/05/2012
	  	2109	  	326	  	35/186
	 04/25/2012
	  	2109	  	317	  	28/3
	 04/25/2012
	  	2109	  	315	  	28/41
	 04/25/2012
	  	2109	  	313	  	28/2
	 05/30/2012
	  	2137	  	596	  	28/120
	 05/30/2012
	  	2137	  	598	  	28/103
	 06/06/2012
	  	2137	  	584	  	58D/816
	 06/06/2012
	  	2137	  	586	  	58D/65
	 06/06/2012
	  	2137	  	586	  	58D/207
	 06/06/2012
	  	2137	  	586	  	58D/21
	 06/06/2012
	  	2137	  	586	  	58D/22
	 06/06/2012
	  	2137	  	586	  	58D/13
	 06/07/2012
	  	2137	  	580	  	21/12
	 06/07/2012
	  	2137	  	580	  	21/12
	 08/27/2012
	  	2130	  	466	  	65/1
	 12/31/2012
	  	2158	  	509	  	44 10 98

  
 7 

 State and County 
 MARYLAND 
 Somerset 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	  	  	Book	  	Page	  	 
	 08/06/2007
	  	0826	  	484	  	440868-1 AND 440856-8/ 316
	 01/06/2012
	  	0817	  	290	  	Map 0009 Par 27
	 01/06/2012
	  	0817	  	292	  	Map 0057 Par 0097
	 01/06/2012
	  	0817	  	294	  	Map 0064 Par 0753
	 03/27/2012
	  	0826	  	486	  	0015/0028
	 04/27/2012
	  	0826	  	482	  	0200/0294A
	 04/27/2012
	  	0826	  	480	  	0039/0209
	 07/03/2012
	  	0833	  	581	  	22/184
	 08/23/2012
	  	0833	  	579	  	15/333

 State and County 
 MARYLAND 
 Talbot 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id#

	  	  	Book	  	Page	  	 
	 12/15/2011
	  	1990	  	370	  	38/45
	 01/05/2012
	  	1950	  	058	  	Map 6 Par 7
	 01/05/2012
	  	1950	  	060	  	Map 59 Par 86
	 08/21/2012
	  	2024	  	206	  	55/27/1
	 08/21/2012
	  	2024	  	208	  	55/26

 State and County 
 MARYLAND 
 Wicomico 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	  	  	Book	  	Page	  	 
	 07/21/2011
	  	3410	  	007	  	29/490
	 09/09/2011
	  	3355	  	020	  	106/1655 LT 1
	 10/21/2011
	  	3410	  	012	  	58/0062
	 12/02/2011
	  	3410	  	009	  	49/173
	 01/04/2012
	  	3410	  	014	  	803/599
	 01/05/2012
	  	3390	  	60	  	Map 0058 Par 0063
	 01/05/2012
	  	3390	  	62	  	Map 0057 Par 0241
	 01/05/2012
	  	3390	  	64	  	Map 802 Par 2177
	 01/05/2012
	  	3390	  	67	  	Map 802 Par 1005

  
 8 

							
	 01/05/2012
	  	3390	  	72	  	Map 50 Par 176 Lt 4A
	 01/05/2012
	  	3390	  	74	  	Map 400 par 328
	 01/05/2012
	  	3390	  	77	  	Map 29 Par 490
	 01/05/2012
	  	3390	  	79	  	Map 51 Par 0059
	 01/05/2012
	  	3390	  	81	  	Map 29 Par 528 Lt 5
	 01/05/2012
	  	3390	  	83	  	Map 29 Par 528 Lt 4
	 01/09/2012
	  	3410	  	019	  	0059/0023
	 01/11/2012
	  	3449	  	177	  	600/583
	 02/01/2012
	  	3410	  	017	  	0047/0499
	 02/28/2012
	  	3449	  	174	  	63/218
	 03/26/2012
	  	3449	  	158	  	0019/0054
	 03/26/2012
	  	3449	  	156	  	0019/0055
	 04/03/2012
	  	3449	  	163	  	0037/0293
	 04/03/2012
	  	3434	  	219	  	48/214 (LT2A& 2C), 48/213
	 04/17/2012
	  	3449	  	160	  	115/657
	 05/11/2012
	  	3449	  	168	  	29/12
	 05/15/2012
	  	3449	  	165	  	108/1100
	 05/16/2012
	  	3449	  	171	  	39/406 Block B Lot 3 and 4, Block C 2-4
	 10/27/2010
	  	3491	  	316	  	3491/316
	 11/02/2010
	  	3491	  	314	  	3491/314
	 11/05/2012
	  	3491	  	318	  	38/433/62

 State and County 
 MARYLAND 
 Worcester 

 

							
	 Received
 For Record
	  	Deed Records	  	 Tax Id #

	  	  	Book	  	Page	  	 
	 11/03/2005
	  	5844	  	305	  	8/3
	 01/05/2012
	  	5811	  	192	  	Map 26 Par 302
	 01/05/2012
	  	5811	  	195	  	Map 26 Par 301
	 01/05/2012
	  	5811	  	198	  	Map 0010 Par 0068
	 01/05/2012
	  	5811	  	203	  	Map 10 Par 28 & 37
	 03/06/2012
	  	5911	  	253	  	113/7022
	 03/23/2012
	  	5911	  	251	  	27/704
	 05/17/2012
	  	5911	  	248	  	201/159
	 05/15/2012
	  	5911	  	245	  	56/49
	 07/09/2012
	  	5990	  	317	  	55/11
	 07/20/2012
	  	5990	  	315	  	10/0089

 The following is a schedule of bonds issued under the Eighty-Eighth Supplemental Indenture and Credit
Line Deed of Trust, effective as of October 1, 1994, that can be designated as First Mortgage Bonds, Series I, which may also be designated as Secured Medium Term Notes, Series I; and First Mortgage Bonds, Pledged Series I. 

  
 9 

 First Mortgage Bonds, Series I/Secured Medium Term Notes, Series I 

 

									
	 Issuance Date
	  	 Tranche
	  	Maturity	  	Principal	 
	 06/19/95
	  	7.71% Bonds	  	06/01/25	  	$	100,000,000	  
	 06/19/95
	  	6.95% Amortizing Bonds	  	06/01/08	  	$	25,800,000	  
	 11/25/08
	  	6.40% Bonds	  	12/01/13	  	$	250,000,000	  
		  		  		  	  
	  
	 

 First Mortgage Bonds, Pledged Series I 

 

									
	 Issuance Date
	  	 Tranche
	  	Maturity	  	Principal	 
	 10/12/94
	  	1994	  	10/01/29	  	$	33,750,000	  
		  		  		  	  
	  
	 
				
	Total Bonds Issued:	  		  		  	$	409,550,000	  
		  		  		  	  
	  
	 

 As supplemented and amended by this One Hundred and Eleventh Supplemental Indenture, the Original
Indenture and all indentures supplemental thereto are in all respects ratified and confirmed and the Original Indenture and the aforesaid supplemental indentures and this One Hundred and Eleventh Supplemental Indenture shall be read, taken and
construed as one and the same instrument. 
 This One Hundred and Eleventh Supplemental Indenture shall be simultaneously
executed in several counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 
 The recitals of fact contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. 

The debtor and its mailing address are Delmarva Power & Light Company, Mailstop 92DC42, 500 N. Wakefield
Drive, Newark, Delaware 19702-5440. The secured party and its address, from which information concerning the security interest hereunder may be obtained, is The Bank of New York Mellon, 525 William Penn Place, 38th Floor, Pittsburgh, Pennsylvania 15259, Attn: Ms. Leslie
Lockhart, Corporate Trust Officer. 
 The Company acknowledges that it received a true and correct copy of this One Hundred and
Eleventh Supplemental Indenture. 
 This One Hundred and Eleventh Supplemental Indenture is executed and delivered pursuant to
the provisions of Section 5.11 and paragraph (a) of Section 17.01 of the Indenture for the purpose of conveying, transferring and assigning to the Trustee and of subjecting to the lien of the Indenture with the same force and effect
as though included in the granting clause thereof the above described property so acquired by the Company on or prior to the date of execution, and not heretofore specifically subject to the lien of the Indenture; but nothing contained in this One
Hundred and Eleventh Supplemental Indenture shall be deemed in any manner to affect (except for such purposes) or to impair the provisions, terms and conditions of the Original Indenture, or of any indenture supplemental thereto and the provisions,
terms and conditions thereof are hereby expressly confirmed. 
 (SIGNATURE PAGE FOLLOWS) 

  
 10 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name and
behalf by its President, and its corporate seal to be hereunto affixed and attested by its Assistant Secretary and the Trustee has caused this instrument to be signed in its name and behalf by a Vice President and its corporate seal to be hereunto
affixed and attested by an authorized officer, effective as of the 1st day of January, 2013. 
  

					
		 		 	DELMARVA POWER & LIGHT COMPANY
			
	Date of Execution	 	By	 	 /s/ David M. Velazquez

		 		 	DAVID M. VELAZQUEZ, PRESIDENT
	April 12, 2013	 		 	
		
	[Seal]	 	Attest:
		 		 	 /s/ Charlene Anderson

		 		 	CHARLENE ANDERSON, ASSISTANT SECRETARY

 DISTRICT OF COLUMBIA: SS. 
 BE IT REMEMBERED that on this12th day of April, 2013, personally came before me, a notary public for the District of Columbia, David M. Velazquez, President of DELMARVA POWER & LIGHT COMPANY, a
corporation of the State of Delaware and the Commonwealth of Virginia (the “Company”), party to the foregoing instrument, known to me personally to be such, and acknowledged the instrument to be his own act and deed and the act and deed of
the Company; that his signature is in his own proper handwriting; that the seal affixed is the common or corporate seal of the Company; and that his act of signing, sealing, executing and delivering such instrument was duly authorized by resolution
of the Board of Directors of the Company. 
 GIVEN under my hand and official seal the day and year aforesaid. 

 

					
		 		 	 /s/ Linda J. Epperly

		 		 	Notary Public, District of Columbia
		 		 	My commission expires January 1, 2015.

  
 11 

					
		 		 	 THE BANK OF NEW YORK MELLON,

as Trustee

	[Seal]	 		 	
			
	Date of Execution	 	By	 	 /s/ Laurence J. O’Brien

		 		 	LAURENCE J. O’BRIEN, VICE PRESIDENT
	April 12, 2013	 		 	
		
		 	Attest:
			
		 		 	 /s/ Latoya S. Elvin

		 		 	LATOYA S. ELVIN, VICE PRESIDENT

 STATE OF NEW YORK
                    ) 

                         
                                     ) SS. 

COUNTY OF NEW YORK                 ) 

BE IT REMEMBERED that on this 12th day of April, 2013, personally came before me, a Notary Public for the State of New York, Laurence J.
O’Brien, Vice President of THE BANK OF NEW YORK MELLON, a New York banking corporation (the “Trustee”), party to the foregoing instrument, known to me personally to be such, and acknowledged the instrument to be his own act and deed
and the act and deed of the Trustee; that his signature is his own proper handwriting; that the seal affixed is the common or corporate seal of the Trustee; and that his act of signing, sealing, executing and delivering said instrument was duly
authorized by resolution of the Board of Directors of the Trustee. 
 GIVEN under my hand and official seal the day and year
aforesaid. 
  

					
		 		 	 /s/ Danny Lee

		 		 	Notary Public, State of New York
		 		 	My commission expires February 20, 2015.

  
 12 

 CERTIFICATE OF RESIDENCE 
 THE BANK OF NEW YORK MELLON, successor Trustee to the Trustee within named, hereby certifies that it has a residence at 101 Barclay Street, in the Borough of Manhattan, in The City of New York, in the
State of New York. 
  

			
	THE BANK OF NEW YORK MELLON
		
	By	 	     /s/ Laurence J. O’Brien

		 	Name: Laurence J. O’Brien
		 	Title:   Vice President

  
 13 

 Certification 
 This document was prepared under the supervision of an attorney admitted to practice before the Court of Appeals of Maryland, or by or on behalf of one of the parties named in the within instrument.

  

	
	 /s/ Charlene Anderson

	Charlene Anderson

  
 14EX-10.1

 Exhibit 10.1 
 Preliminary Sales Contract 
 By and among: 

 

	(i)	RIBERA DESARROLLOS S.A., Tax Identification (CUIT) No. 30-70921182-6, with domicile at Uruguay 772, Piso 11°, Of. 111, City of Buenos Aires, represented
herein by its President, Mr. Luis Carlos de Narvaez Steuer, Identification (DNI) No. 93667455, Fabián Oscar Lusarreta, Identification (DNI) No. 18010453- attorney-in-fact, (hereinafter the “Seller”);

  

	(ii)	INC S.A., with domicile at Ayacucho 1055, Piso 1o of the City of Buenos Aires, represented herein by Mr. Fabián Oscar Lusarreta, Identification
(DNI) No. 18010453, acting in his capacity as attorney-in fact (hereinafter, “INCSA”); 

  

	(iii)	SOCIEDAD ANONIMA LA NACION, with domicile at Bouchard 557 of the City of Buenos Aires, represented herein by its undersigning attorneys-in-fact (hereinafter,
“SALN”); 

  

	(iv)	DESARROLADORA URBANA S.A., with domicile at Leandro N. Alem 790, Piso 12o of the City of Buenos Aires, represented herein by its undersigning
attorneys-in-fact (hereinafter, “DUSA”, and jointly with INCSA and SALN, the “Joint Owners”), parties of the first part; and, 

 

	(v)	MERCADOLIBRE SRL, CUIT 30-70308853-4, with domicile at Arias 3751, 7° Piso, City of Buenos Aires, represented herein by its undersigning attorneys-in-fact
(hereinafter, the “Purchaser”), party of the second part. 

 The Seller and the Purchaser will be jointly
referred to as the “Parties” and individually as the “Party”; and 
 Whereas: 

1. The Seller is a joint owner of the real estate located in the District of Vicente López, Province of Buenos Aires, at Avenida del Libertador
Gral. San Martín No 77, with the following cadastral ID: Circumscription III; Section D, Fraction II, Lot 1T, License No. 49,432 (“Lot 1T”); and 
 2. Lot 1T is to be subjected to the condominium system (Act No. 13,512) for the construction and building of an office building which will be called “TORRE AL RIO I” (“TORRE AL RIO
I”). 
 3. The location, measurements, estimated surfaces and other projected characteristics of TORRE AL RIO I are based on the
preliminary project and drawing attached hereto as Schedule A, which makes up this Preliminary Sales Contract. 

  
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 4. In turn, the final measures, percentages, surfaces and names of the Units will result from the
Condominium Rules and Regulations (Act No. 13,512) which will be timely granted by the Seller based on the corresponding Survey Plan under the Condominium System finally approved by the competent authorities. The percentage corresponding to the
Functional Units will represent approximately 10.20 % of the total surface of TORRE AL RIO I, as considered from level 0 to and including the rooftop terrace at the time of their notarization, which percentage will timely be indicated in the
Condominium Rules and Regulations. This percentage will be modified in case the number of square meters built for commercial purposes is modified in the Project, keeping the percentage on the total constructed area and the attribution of common
spaces in TORRE AL RIO I.  
 5. Furthermore, TORRE AL RIO I will be constructed and finished pursuant to the Leed V.3 CORE &
SHELL certification. 
 6. The Seller’s rights to build TORRE AL RIO I and to assign the Units subject-matter hereof result from several
agreements entered into between the Seller and the Joint Owners. A summary of the main terms and conditions of these agreements are attached hereto as Schedule I. 
 Therefore, the Parties agree to enter this preliminary sales contract pursuant to the following terms and conditions (the “Preliminary Sales Contract”): 

Section One: Subject-Matter 

1.1. Subject to the terms and conditions of this Preliminary Sales Contract, the Seller sells ad corpus, and the Purchaser
jointly purchases the following Units of the building being constructed under the parameters of the Leed V.3 CORE & SHELL certification and provisionally called TORRE AL RIO I: 

 

	(a)	Three (3) adjacent FUNCTIONAL UNITS provisionally called TORRE AL RÍO I, Floors 14, 15 and 16, with a total surface of approximately three thousand eight
hundred and fourteen square meters (3,814 m2) to be used as office space (the “Functional Units”); 

  

	(b)	Thirty-six (36) COMPLEMENTARY UNITS to be destined to parking lots, fifteen (15) of which will be located below TORRE AL RIO I’s ground floor and
twenty-one (21) of which will be adjacent to the TORRE AL RIO I, which will be built to such effect (the “Complementary Units”, and together with the Functional Units, the “Units”).

 Section Two: Characteristics of the Units 
 2.1. The finishes, equipment, accessories and other characteristics of TORRE AL RIO I and the Units are based on the technical and descriptive memorandum attached hereto as Schedule A
and Schedule B, which make up this Preliminary Sales Contract. 
 2.2. The Seller may introduce variations in finishes and/
or substitutions to the equipment and accessories promised for common areas of TORRE AL RIO I, provided they are replaced by finishes and/ or equipment having similar purpose, use, function and quality characteristics. Modifications, variations and/
or substitutions made by the Seller pursuant to this Section will not entitle the Purchaser to seek either the termination or cancellation of the contract or a price adjustment/ modification, or any compensatory or indemnity claim it may deem to be
entitled to. 

  
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 2.3. The Purchaser consents to the implementation of modifications of details in the Units’
plans and plots which may be necessary at the project management and/ or the competent authorities’ reasonable criteria provided they do not substantially modify the project and/ or the characteristics of the Units. 

2.4. Units will be delivered vacant, and it is expressly agreed that the Purchaser may not object to their reception because the Building’s
general details’ finishes are not completed, provided they do not affect the specific functioning or use of the Units, or the Building as a whole. Should there be, at the Purchaser’s discretion, minor flaws or details imperfections or any
other objection regarding the Units’ finishes, it will receive them, and said flaws will be indicated in a record to be drawn up upon delivery, which will also include any remark the Purchaser wishes to make a reservation of its rights.

 2.5. Notwithstanding the above provisions, should a modification of the Units result in a decrease or increase in the Unit’s
number of square meters destined to office space referred to in Section 1.a, and provided said modification is higher than five percent (5%) of the total number of square meters corresponding to each Functional Unit individually
considered, the Parties will make a pro rata Price modification based on the increased or decreased number of square meters exceeding the referenced percentage, and the provisions of Section 1.345 in fine of the Civil Code will not
apply. 
 Section Three: Price and Means of Payment 
 3.1. The sale subject-matter hereof will be conducted pursuant to Condominium Act No. 13.512, ad corpus, and the Units price will amount to SEVENTEEN MILLION, SEVEN HUNDRED AND
THIRTY-FIVE THOUSAND, ONE HUNDRED UNITED STATES DOLLARS (US$ 17,735,100), plus the applicable Value-Added Tax (the “Price”), which, to such effects, is provisionally calculated at a twenty percent (20%) rate. Taking into
consideration the current tax legislation in force, the VAT will only be assessed on the value of the construction, and said assessment will be made according to the costs proportion attributable to the construction with reference to the
building’s total costs. Therefore, the applicable VAT amount will be made based on a pro rata calculation of costs, which will be finally adjusted with the last payment described in Section “3.1.(ii)” below. The Price will be
cancelled as follows: 
  

	 	(i)	The amount of FOUR MILLION, TWO-HUNDRED AND FIFTY-SIX THOUSAND, FOUR HUNDRED AND TWENTY-FOUR UNITED STATES DOLLARS (US$ 4,256,424) —including the VAT—
against the purchase price, and indicating the beginning of the execution hereof, will be paid by the Purchaser as follows: (a) the amount of FOUR HUNDRED AND THIRTY-FOUR THOUSAND, NINE HUNDRED AND TWENTY-EIGHT UNITED STATES DOLLARS and 45
cents (US$ 434,928.45) was cancelled upon Reservation by paying its equivalent in pesos, TWO MILLION, TWO HUNDRED AND THIRTY-NINE THOUSAND, EIGHT HUNDRED AND EIGHTY-ONE PESOS with 51 cents ($ 2,239,881.51) through Check No. 76483324 dated
April 16, 2013 against Citibank; (b) the amount of THREE MILLION, EIGHT HUNDRED AND TWENTY-ONE THOUSAND, FOUR HUNDRED AND NINETY-FIVE UNITED STATES DOLLARS and 55 cents (US$ 3,821,495.55), including the VAT, will be canceled by depositing
its equivalent in PESOS. 

  
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	 	(ii)	The Price balance, that is, the amount of FOURTEEN MILLION, ONE HUNDRED AND EIGHTY-EIGHT THOUSAND AND EIGHTY UNITED STATES DOLLARS (US$ 14,188,080), plus the
applicable VAT, will be paid in SEVEN (7) equal, monthly consecutive installments amounting to TWO MILLION TWENTY-SIX THOUSAND, EIGHT HUNDRED AND SIXTY-EIGHT UNITED STATES DOLLARS with 57 cents (US$ 2,026,868.57), plus the applicable VAT, each.
The first of these installments should be canceled on June 10, 2013, and the remaining installments in the following months. The remaining installments should be cancelled between the first and the tenth day of each calendar month. In this last
installment, the Parties will adjust the VAT applicable to the whole operation based on the parameters detailed at the beginning of this section. 

 3.2. All payments and/ or any other obligation payable by the Purchaser should be made and/ or fulfilled only through a deposit or bank transfer to special current account nominated in pesos
No. 431-32853/3 of Banco Santander Río S.A., CBU-0720431320000003285336, Branch No. 431, in the name of Ribera Desarrollos S.A. or, only in case payments cannot be made into these accounts, at Uruguay 772, piso 11o, Of 111,
Buenos Aires, from 9 a.m. to 6 p.m. or at the address the Seller may later indicate by a reliable means. In case a payment is due on a non-business day, it will be made on the immediately following business day. Payments with securities to be
presented for payment or through third parties will be deemed made when the applicable amount is made effective by the Seller, and any delay in the collection not attributable to the Seller will be borne by the Purchaser. Furthermore, in such cases,
all collection expenses will be borne by the Purchaser. 
 3.3. The amounts stated above should be cancelled in pesos at the exchange rate
for sales operations published by Banco de the Nación Argentina on the last business day before the applicable cancellation date. 

3.4. Both Parties declare that they have thoroughly and carefully analyzed the involved markets’ current situation, especially the financial
and the real estate markets, and state that they have taken into consideration the possibility of there being fluctuations or modifications in said markets and, therefore, expressly and irrevocably waive the theory of unforeseen events, excessive
contractual imbalance, major injury, abuse of rights and/ or any of the payment obligations with a currency or in an amount different from that foreseen, as well as any review of the agreement or a decrease in the Units’ Price. 

Section Four: Building and Project 

4.1. The Parties expressly acknowledge that the real estate development to be conducted in the Lots (the “Project”) is made up of
a series of real estate projects destined to multiple uses, the construction of which and which opening date are uncertain and subject to the applicable approvals and authorizations by the competent authorities. Furthermore, the Project and its
different initiatives may suffer several modifications. In this sense, and in the understanding that the other undertakings of the Project are expressly excluded from the subject-matter hereof, the Purchaser may not claim either the adjustment or
the modification of the Price, or seek any other compensatory or indemnity claim in case the Project is not wholly implemented. 

  
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 4.2. The Seller does hereby reserve the following rights: (i) the right to create more or fewer
Functional Units in TORRE AL RIO I, to join and/ or divide Functional Units, to transform common areas into own areas or vice versa, provided said transformation does not exceed two percent (2%) of the Functional Units or the ground level, and
to modify percentages, but only as long as said modification does not affect the Purchaser’s rights on the Functional Units or the Purchaser’s percentage over TORRE AL RIO I; (ii) the right to totally or partially enable the Units by
modifying the Master Plan, the Condominium Division Plan and the Condominium Rules and Regulations so as to subject the Units to be created and/ or modified to the Condominium System, taking on all resulting expenses and procedures, (iii) the
right to modify details of the original TORRE AL RIO I Project and/ or any of its projected sectors provided they do not substantially alter the project if it is deemed necessary, at the Seller’s reasonable discretion and/ or in case it is
required by the competent authorities for the approval of the final condominium subdivision plan; and, (iv) the right to create, acknowledge and/ or recognize between the Units, plots, fractions and/ or sectors of the Project and/ or over them
and/ or between them and other real estate, all restrictions or limitations to ownership, easements (whether active or passive, personal or real, reciprocal or unilateral) and any real or personal rights, as well as their modification, extension or
reformation or any other rights to be hereinafter created which are necessary and/ or convenient, at the Seller’s reasonable discretion, for the development, making up, use, functioning, integration and utilization of the Project and/ or its
different sectors as long as the use or functionality of the Functional Units are not negatively affected. On the other hand, the Purchaser may not divide TORRE AL RIO I’s Functional Units in more than three (3) Functional Units per floor
it is acquiring pursuant to this Preliminary Sales Contract, or transform common areas into own areas or modify percentages except as provided for herein. Furthermore, it may not lease, sublease or grant a beneficial interest or right of use over a
floor or a Functional Unit when it implies its physical division into more than three (3) Units. 
 The Seller undertakes to include this
restriction into TORRE AL RIO I ́s Condominium Rules and Regulations to be drawn up to subject the real estate to Act No. 13,512. 

4.3. The Purchaser totally and irrevocably consents to all and any of the above reservations of rights, which may be exercised, at the
Seller’s sole discretion, as from the date hereof. 
 4.4. For the proper exercise of the rights reserved herein, the Purchaser and
its general and/ or specific successors in title undertake to grant, simultaneously with the title deed, a Special Irrevocable Power of Attorney in the form attached hereto as Schedule C for a term or eight (8) years, which may be
extended, upon the Seller’s reasonable request, for an additional term of eight (8) years in favor of any person indicated by the Seller so that they may, in its name and on its behalf, conduct all acts and proceedings necessary to give
effect to the rights established and reserved herein, as well as grant all necessary public and private documents in furtherance hereof, said power of attorney having to establish the purpose, extension and powers necessary to such effects.

  
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 Section Five. Transfer of Possession and Granting of Title Deed 

5.1. Transfer of Possession: The Seller will convey possession of the Functional Units on July 1, 2013, and of the Complementary Units
on February 28, 2014 (the “Delivery Date”) except in case of delays in the works resulting from Act of God and/ or Force Majeure events, in which case the Delivery Date will be extended for the term of occurrence of such events
without this resulting in a breach by the Seller”. Furthermore, the Seller may, without expressing any cause and only once, extend the Unit’s Delivery Date for a term of thirty (30) calendar days without this resulting in a
breach by the Seller. It is expressly agreed that before the Delivery Date, the Purchaser may be called to take possession of the Units, in which case the payments provided for in Section Three will continue to be made as and for the terms agreed,
at any time when the Units are ready for delivery, in which case the Purchaser will appear on the date and at the time indicated to such effect in order to take possession thereof. The notice to take possession will be made, in all cases, by a
reliable means and at least fifteen (15) calendar days in advance at the domicile established by the Purchaser in this Preliminary Sales Contract. The possession of the Units will be granted pursuant to the provisions of Section Two, with all
applicable taxes, assessments and contributions having been paid by the Seller until the Delivery Date established in the notice. As from that moment, the payment of all taxes, assessment and contributions (whether municipal, provincial and/ or
federal) imposed on the Units will be borne by the Purchaser. Furthermore, the Purchaser will bear the payment of all the services rendered in the Units and their corresponding expenses. As from May 22, 2013, the Purchaser may enter the
Functional Units to begin the appropriate conditioning works. 
 5.2. Provisional Delivery of Parking Lots: The Seller undertakes
that, as from the Functional Units’ Delivery Date until the actual delivery of the Complementary Units, it will deliver to the Purchaser the same number of Parking Lots in the Project’s sector described in Schedule D. 

5.3. Granting of Title Deed: The Units’ title deed will be granted before a Notary Public to be timely appointed by the Seller (the
“Title Deed”) within a term not exceeding twenty-four (24) months as from the Units’ delivery of possession. The Seller will notify the Purchaser by a reliable means of the date and time at which the Title Deed will be
granted. Said notice will be given at least thirty (30) calendar days in advance. The Purchaser undertakes to deliver to the appointed Notary Public –as and when required- all documentation required to such effect. 

Section Six: Expenses 

6.1. All expenses, taxes and fees resulting from the granting of the Title Deed will be borne by the Parties pursuant to the applicable legal
provisions and notarial practices, subject to a maximum limit in the Notary Public fees equivalent to 1.5% of the Units’ value guaranteed by the Seller. That is to say, the stamp tax on the administrative and registration certificates and the
expenses incurred in order to obtain them, the title search, 50% of the notarial contribution and the release of the administrative certificates will be borne by the Seller, whereas the Title Deed’s affidavit expenses, 50% of the notarial
contribution, the Title Deed’s registration rates, the fees for the granting of the Title Deed and its registration with the Real Estate Registry of the Province of Buenos Aires, and the Units’ pro rata participation in the whole expenses,
taxes and fees resulting from the notarization and registration of the Condominium Rules and Regulations will be borne by the Purchaser. 

  
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 6.2. The applicable stamp tax will be paid by the Parties on equal parts, and the Purchaser will take
on the payments corresponding to it pursuant to the proportions set forth in Section 1.1. The income tax, if applicable, will be borne by the Seller. Furthermore, the COTI (Real Estate Transfer Offer Certificate) corresponding to this operation
is attached hereto. 
 6.3. After the delivery of possession and in case there is a balance pending payment, the Purchaser undertakes to
bear the costs associated with fire insurance covering the received Units, which will be endorsed in favor of the Seller, until the total cancellation of the Price balance. 
 Section Seven: Breach 
 7.1. Should either Party breach its obligations
resulting herefrom or fail to appear to execute the Title Deed, the non-breaching Party may demand the performance of the obligations set forth in this Preliminary Sales Contract plus damages resulting from such default, which will amount to two
thousand five hundred U.S. Dollars (US$ 2,500) per day until the breach is cured. In case of failure to deliver the Complementary Units, the penalty will be reduced to two hundred United States Dollars (US$ 200). 

7.2. In case the Purchaser fails to appear to take possession of the Units on the date indicated in the notice by the Seller to such effect, and/
or to execute the Title Deed, and/ or to pay any of the installments corresponding to the Price balance pursuant to the provisions of Section Three, the Seller may, at its sole option and after a thirty (30) business days’ notice,
(i) demand payment of the penalty set forth in Section 7.1. or (ii) terminate this Preliminary Sales Contract by operation of law with the loss of all amounts paid by the Purchaser so far as the sole and whole agreed compensation. In
turn, in case the Purchaser has received possession of the Units before the termination hereof, it will restore them to the Seller in the same condition as received within a term of forty-eight (48) hours as from the reception of the notice of
termination, and the daily penalty set forth in Section 7.1. will automatically apply for each of delay in such restitution, notwithstanding the Seller’s right to claim any damages resulting from said delay and the right to bring the
applicable eviction actions. Furthermore, in case of termination hereof by the Seller, it may automatically dispose of the Units subject-matter hereof. 
 7.3. In case the Seller fails to deliver possession of the Units on the Delivery Date, and/ or fails to execute the Title Deed and/ or breaches any other obligation hereunder, the Purchaser may at
its sole option and after a thirty (30) business days’ notice: (i) demand the specific performance of the obligations taken on hereunder; (ii) terminate this Preliminary Sales Contract by operation of law, with the return of the
amounts the Purchaser has paid to the Seller plus an annual fifty percent (50%) interest rate as sole and whole agreed compensation within a term of seventy-two (72) hours as from the time the Purchaser gives notice by a reliable means of
the termination hereof. 

  
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 7.4. Until Lot 1T is subjected to the Condominium System, it is expressly stated that the
impossibility to conduct the specific transfer as a result of a Governmental Authority’s provision, including, but not limited to, the passing of a restraint of property order, will not be considered a breach by the Seller to the obligation
undertaken herein. In such case, the Seller undertakes to put forth its best efforts to lift such restraints preventing the execution of the Title Deed with the utmost procedural diligence. 
 7.5. In all cases where any payment is to be made in United States Dollars, the provisions of Section 3.3 will apply to its cancellation. 

Section Eight: Default 
 In the
absence of any express provision to the contrary, the default in the performance of any obligation taken on in this Preliminary Sales Contract will operate automatically without the need to request a judicial and/ or extrajudicial order to such
effect. In case of delay by the Purchaser in the performance of its payment obligations, the principal in arrears will bear compensatory interest equivalent to the Banco de la Nación Argentina’s interest rate for discounting transactions
on the total owed Price balance as from the default date until its effective cancellation. Furthermore, it is especially agreed that, in case of default, the accrued penalties will be compounded monthly pursuant to the provisions of Section 623
of the Civil Code. 
 Section Nine: Jurisdiction and Applicable Law 
 Any dispute regarding the construction, application or execution of this Preliminary Sales Contract will be exclusively submitted to the jurisdiction of the Ordinary Courts of the City of Buenos Aires,
hereby waiving any other applicable forum or jurisdiction, and will be resolved pursuant to the Argentine legislation. 
 Section Ten:
Domiciles 
  

	10.1.	To all judicial or extrajudicial effects resulting herefrom, the Parties establish the following special domiciles: 

 

	 	(i)	The Seller: Uruguay N° 772, Piso 11°, Of. 111, C.A.B.A. 

  

	 	(ii)	The Purchaser: Arias 3751, Piso 7, CABA 

10.2. The domiciles indicated in Section 10.1. are deemed duly established, and all judicial or extrajudicial notices which the Parties have
to make will be deemed valid when made to such addresses. Any Party may establish a new special domicile within the City of Buenos Aires, which will be deemed valid as from the giving of notice of such new domicile to the other Party by any reliable
means. All notices among the Parties will be exclusively made by a certified return receipt letter (carta documento) or any other reliable means. 

  
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 Section Eleven: Condominium Rules and Regulations 

11.1. The Seller does hereby reserve the right to draw up the Condominium Rules and Regulations for the whole Project and for the Building, and to
pass the rules necessary to such effect, always pursuant to the guidelines set forth in Schedule E. The Purchaser undertakes to observe and comply with the Condominium Rules and Regulations, as amended, the final version of which, as previously
stated, is irrevocably assigned to the Seller. Likewise, the Building’s Internal Rules for Cohabitation will be drawn up by the Seller, and the Purchaser does hereby undertake to observe and comply with it. Provisionally, until the
implementation of the Building’s Condominium Rules and Regulations and the Internal Rules for Cohabitation, the Purchaser undertakes to observe the provisions of TORRE AL RIO I’s Tenant Criteria, which is attached hereto as Schedule
E hereof, and the Seller reserves the power to reasonably and unilaterally modify and/ or extend such provisions, which will become in force as from the time notice is given to the Purchaser. 

11.2. The Parties declare under oath that the Functional Unit will be destined to office use, and the Purchaser may not divide it into more than
three (3) Units for their sale and/ or marketing under any legal form. Notwithstanding the foregoing, it is stipulated that there will not be any limit whatsoever in case the acquiring party is the Purchaser’s affiliate, controlling or
controlled company. 
 11.3. The Seller reserves the right to manage the Building on its own or through any person it may appoint to such
effect for a term of five (5) years as from the date of registration of the applicable Condominium Rules and Regulations. 
 11.4.
The Parties state that they are aware and accept that the Seller has entered into with INC S.A. an obligation to refrain from conducting, whether on its own or through third parties, any commercial activities competing with those of the company,
which consist of the commercialization of the “Carrefour”, “Carrefour Express” and “Carrefour Market” stores in Argentina. The Condominium Rules and Regulations will include a non-competition clause taken on by the
Seller. Furthermore, the Seller declares that it knows the Purchaser and its affiliates’ activities and that they do not compete with those of INC S.A. 
 Section Twelve: Miscellaneous 
 12.1. Credit Assignment: It is hereby
expressly stated and the Purchaser is hereby notified that on July 20, 2011, RDSA assigned and transferred to Banco Santander Río S.A., with domicile at Bartolomé Mitre 480 of the Cit of Buenos Aires (the “Bank”),
pursuant to Sections 1434 and similar one, 3204 and 3238 of the Civil Code, all the rights to collect present and/ or future price balances, payments, securities, penalties and interest amounts corresponding to RDSA pursuant to this Preliminary
Sales Contract and any other supplementary agreement and/ or contract entered into and/ or to be entered into regarding thereto (the “Assignment”). 

  
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 Furthermore, should the Seller hereinafter decide to assign the credit pursuant to Sections 70 to 72 of Act
No. 24,441, the credit assignment may be made without any notice to the Purchaser and will be valid as from its formalization pursuant to Section 72 of said act. The Purchaser expressly states that, as provided for in said Act, the
assignment will be valid as from its effective date and that it may only enforce against the assignee the exceptions set forth in said Section 72. However, in case the assignment implies a modification of the payment domicile, the new address
should be notified to the Purchaser by a reliable means. Such assignment will not release the Seller from any of its obligations under this Preliminary Sales Contract. 
 12.2. Transaction of business: The sales operation contemplated herein is subject to the obtaining of all applicable approvals and registrations by the competent authorities of the technical
documentation inherent in the project corresponding to TORRE AL RIO I, and, specifically, (i) the Pre-Condominium Plan, and, finally (ii) the Condominium Division Plan under the Condominium System. Said circumstances, as well as those
indicated in this Preliminary Sales Contract and its Schedules, are especially and expressly known and accepted by the Purchaser.  

12.3. Assignment by the Purchaser: The Purchaser considers this Preliminary Sales Contract, as well as the obligations arising herefrom, are
of a personal nature, and has entered into it based on the analysis and qualification made to it by the Seller. However, the Purchaser may totally or partially transfer the rights and obligations arising herefrom without the prior written
authorization by the Seller once the whole Price has been cancelled. 
 12.4. Bankruptcy: In case of bankruptcy of the Purchaser
and/ or its successors, the provisions of Sections 143, 144 and 145 of Act No. 24,522, as amended, will apply. 
 12.6. Entire
Agreement: This Preliminary Sales Contract perfects all negotiations conducted by the Parties regarding the subject-matter hereof and supersedes any other offer, reservation and/ or negotiation among them before the execution hereof. 

12.7. Signage: The Purchaser is notified that on the four (4) fronts of TORRE AL RÍO I’s fifth floor, Sociedad
Anónima La Nación (“SALN”) may install an advertising sign identifying its brand “La Nación” and/ or any other registered trademark owned by SALN; furthermore, said identifying sign will be SALN’s
property. The sign will comply with the applicable provisions in force. Furthermore, on the four (4) fronts of TORRE AL RIO I’s sixth to nineteenth floor, the Seller may install advertising signs and/ or marquees for commercialization
purposes, which will be their sole property. The advertising signs and/ or marquees will comply with the applicable legal provisions in force and may not, under any circumstances, hinder the view of the Purchaser’s unit. The Condominium Rules
and Regulations will include a section to such effect. 
 12.8. Conformity and Declaration: The Joint Owners declare that, even
though they are joint owners of the Plot where the Building including the Units subject-matter hereto will be built, they may not collect any amount from the Purchaser and –in the case of INC S.A. and Desarrolladora Urbana S.A.- they are not
subject to any cost, fee or expense intervention of any nature whatsoever in its construction. Therefore, the Joint Owners expressly waive the right to file a claim whatsoever in case of breach by the Purchaser, and the Purchaser expressly waives
the right to make any claim whatsoever against the Joint Owners in case of breach by the Seller.  

  
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 IN WITNESS WHEREOF, this Preliminary Sales Contract is executed in two (2) counterparts, each of which
will be deemed an original, but both of which together will constitute one and the same instrument. In Vicente López, Province of Buenos Aires, on this 8th day of the month of May of the year 2013. 

 

									
	The Seller	  		  	The Purchaser	  		  	
	  
	  		  	  
	  		  	
	Carlos de Narvaez Steuer	  		  	Pedro Arnt	  		  	
	DNI 93.667.455	  		  	DNI: 93.711.572	  		  	
	Chairman	  		  	Attorney-in-fact	  		  	
	  
	  		  	  
	  		  	
	Fabián Oscar Lusarreta	  		  	Osvaldo Gimenez	  		  	
	DNI 18.010.453	  		  	DNI 21.833.199	  		  	
	Attorney-in-fact	  		  	Attorney-in-fact	  		  	

  
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