Document:

English translation of the amendment to the agreement for IRSA & Alto Palmero

 EXHIBIT 4.3 
 TRADUCCIÓN PÚBLICA 
 SWORN TRANSLATION 
  
 [All pages are initialized.] 
 AGREEMENT FOR THE IMPLEMENTATION OF AMENDMENTS TO THE 
 CORPORATE
SERVICES MASTER AGREEMENT 
 Agreement made in the City of Buenos Aires on the 23rd day of August of 2007 by and between: 
 (i) CRESUD
S.A.C.I.F. y A., domiciled at Moreno 877, Piso 23 in the Autonomous City of Buenos Aires, represented hereat by Messrs Eduardo Sergio ELSZTAIN and Saúl ZANG in their capacities as Attorneys-in-fact (hereinafter “CRESUD”) as
party of the one part; 
 (ii) Alto Palermo S.A. (APSA), domiciled at Moreno 877, Piso 21 in the Autonomous City of Buenos Aires, represented hereat
by Messrs Alejandro Gustavo ELSZTAIN and David Alberto PEREDNIK in their capacities as Attorneys-in-fact (hereinafter “APSA”), as party of the second part, and 
 (iii) IRSA Inversiones y Representaciones Sociedad Anónima, domiciled at Bolívar 108, Piso 1o in the Autonomous City of Buenos Aires and having established domicile for purposes hereof at
Moreno 877, Piso 22 in the Autonomous City of Buenos Aires, represented hereat by Messrs Oscar Pedro BERGOTTO and Gastón Armando LERNOUD in their capacities as Attorneys-in-fact, as party of the third part (hereinafter “IRSA” and
collectively with CRESUD and APSA designated as “THE PARTIES”); 
 WHEREAS 
 (i) On June 30, 2004 THE PARTIES executed a Master Agreement for the Exchange of Corporate Services (hereinafter “the Master Agreement”); 
 (ii) To facilitate the attainment of the purpose of the Master Agreement dated September 26, 2005, SAP Argentina S.A. and APSA executed the License Agreement for SAP Software End Users (hereinafter the “SAP
Agreement”) as well as all amendments and supplementary documentation and also on that date IBM Argentina S.A. and APSA entered into an Agreement for the SAP R/3 Implementation Project (hereinafter the “Implementation Agreement”).
Said agreements were executed in the following proportions: 51.40% by APSA in its own name and for its own benefit, 23.30% by APSA on behalf of IRSA and 25.30% by APSA on behalf of CRESUD; 
 (iii) As a result of the implementation of the SAP Software THE PARTIES adopted, amongst other changes, the automation of the Distribution Process as well as the
accrual-basis accounting method abandoning the cash-basis accounting method for the calculation and settlement of Corporate Services; 

 (iv) THE PARTIES have entrusted Deloitte & Co. S.R.L. (hereinafter “Deloitte”) with the half-yearly
review and assessment of the criteria used in the process to calculate and settle Corporate Services, as well as the Distribution Bases and the supporting documentation applied in such procedure which review is reflected in a half-yearly report;

 (v) As a result of the experience gained with the implementation of the Master Agreement based on an Implementation Manual in due time prepared by
Deloitte, which is currently also working on an update thereto, THE PARTIES have incorporated certain changes as hereinbelow described; 
 (vi) Given this
context and heeding Deloitte’s recommendations, certain operational changes have been implemented in the Areas of Exchange of Corporate Services and the Cost Distribution Bases starting in January 2005, which THE PARTIES wish to acknowledge in
writing; 
 (vii) The Board of Directors of THE PARTIES have approved the AGREEMENT FOR THE IMPLEMENTATION OF AMENDMENTS TO THE CORPORATE SERVICES MASTER
AGREEMENT (hereinafter the “Agreement”) on August 17, 2007; 
 (viii) Additionally, THE PARTIES consider that the Agreement does not match
the provisions under Section 73 of Decree 677/01 and they represent that they have notified the Audit Committee of the execution of the Agreement. 
 NOW IN CONSIDERATION OF THE FOREGOING, THE PARTIES execute this Agreement subject to the following terms and conditions: 
 ONE: THE
PARTIES ratify that the Areas (as defined in the Master Agreement) and the calculation method applicable to the Exchange of Operational Services (also as defined in the Master Agreement) have been changed as from the dates listed below, amending
therefore Exhibits I and II to the Master Agreement as per the following detail: 
  

	 	(i)	Starting in January 2005, a decision was made to include the Internal Audit Department within the Areas mentioned in Exhibit I to the Master Agreement and therefore also in Exhibit
II. 

  

	 	(ii)	Starting in July 2005, a decision was made to include the Corporate Services Department within the Areas mentioned in Exhibit I to the Master Agreement and therefore, also in
Exhibit II. 

  

	 	(iii)	Starting in January 2005, a decision was made to exclude “Secretaries to the Directors” from the Areas mentioned in Exhibit I and therefore also from the Exhibit II to the
Master Agreement. 

	 	(iv)	Starting in July 2006, a decision was made to modify the distribution method applicable to the Finance Area of Exhibit II in a manner such that as from that date it should be made
up as detailed in the new Exhibit II. 

  

	 	(v)	Starting in July 2006, a decision was made to modify the distribution method applicable to the Works control and supervision services in the Operations Area of Exhibit II in a
manner such that starting that month it shall be made up as detailed in new Exhibit II. 

 In consideration of the foregoing, the PARTIES
hereby put on record that, subject to the clarifications detailed in the preceding sub-sections and for purposes of updating Exhibits I and II, they shall read as hereto attached. 
 TWO: THE PARTIES agree to amend Section Three of the Master Agreement in a manner such that starting on the date hereof, the following individuals have been designated as Individual In-charges: Gabriel Adolfo
Gregorio Reznik to substitute for Clarisa Diana Lifsic de Estol for CRESUD and Cedric Bridger to substitute for Gabriel Adolfo Gregorio Reznik for IRSA. 
 THE PARTIES furthermore confirm that Abraham Perelman continues as APSA’s Individual In-charge. 
 THREE: THE PARTIES represent that all
the sections of the Master Agreement that have not been amended pursuant to this Agreement continue to be fully in force. 
 In witness whereof, this
Agreement is executed in three (3) copies of the same tenor and to a single effect in the place and on the date first written. 
 CRESUD S.A.C.I.F.y
A. 
 [illegible signature] / [illegible signature] 
 Attorneys-in-fact 
 IRSA Inversiones y Representaciones Sociedad Anónima 
 [illegible signature and seal reading “Oscar Pedro Bergotto, Attorney-in-Fact”] 
 / [illegible signature] 
 Attorneys-in-fact 

 Alto Palermo S.A. (APSA) 
 [illegible signature] /[illegible signature] 
 Attorneys-in-fact 

 Exhibit I 
 Description of Corporate Services Exchange Areas 
 Human Resources 
 The Human Resources sector renders to THE PARTIES the service consisting in Human Resources Administration and Management. Human Resources Administration spans payroll
calculation activities, personnel administration, solidarity issues, benefits and labor relationships. 
 Human Resources Management includes
personnel recruitment, selection, training, job rotation and related activities. 
 Finance 
 The Finance sector renders to THE PARTIES the service consisting in Investor Relations, Capital Markets and general finance in relation to financial transactions. 

 Institutional Relations 
 The Institutional
Relations sector renders to THE PARTIES the service consisting in the development and control of advertising, broadcasting and marketing actions, relations with the media, preparation of articles, brochures and related activities. 
 Administration 
 The Administration sector controls all the
accounting transactions of THE PARTIES. It is responsible for the companies’ management control and budget, and its main activities consist in the preparation of the financial statements, tax management, supervision of accounts payable and
collections. 
 Information Technology 
 The IT
sector renders to THE PARTIES the service consisting in maintaining, supporting and updating the IT structure. 
 Support and maintenance at the user
level, help desk, back-up and security issues as well as all related activities. 
 Updates, control and follow-up of software licenses.

 Maintenance, updates and support for infrastructure and communications aspects. 

 Insurance 
 The
Insurance sector is in charge of managing THE PARTIES’ assets’ coverage by negotiating, acquiring and monitoring insurance policies, dealing with claims in terms of coverage, collection, etc. 
 Purchases 
 The Purchases sector is in charge of acquiring the
goods and/or services that are most adequate to the intended use, at the lowest cost and in compliance with the deadline set by users. 
 Furthermore,
it takes all necessary measures to obtain the adequate supplier financing for any such purchases. 
 Errand Running Service 
 The Errand Running Service renders to THE PARTIES the service consisting in sending and distributing internal and external documentation, menial procurements, going on
errands, etc. 
 Contracts 
 The Contracts sector
renders to THE PARTIES the service consisting in aid to the preparation, analysis and response to legal briefs, agreements, official letters, etc. 
 Operations 
 The Operations sector renders to THE PARTIES the services consisting in surveillance, maintenance and control/supervision
over works. 
 Internal Audit 
 The Internal Audit
sector renders to THE PARTIES the services consisting in operational review and control. 
 Corporate Services Department 
 The Corporate Services Department renders to THE PARTIES the service consisting in the operational coordination of the Finance, Contracts, Human Resources,
Purchases/Insurance, Administration/IT, Operations, Internal Audit, Errand Running Service and Institutional Relations departments. 

 Exhibit II 
 Cost Distribution Bases 
  

					
	  	  	 Cost Center
	  	 Distribution Method

			
		  	Human Resources	  	Number of employees (headcount) under its administration and management.
			
	 Finance
  
 Each one of the sectors is weighed at 25%.
	  	Capital Markets	  	Financial transactions outstanding as of the closing date by 40% and the amount of transactions conducted over the last 180/360 days weighed at 60%.
	  	  
 Relations with Investors
	  	  
 Number of shareholders as registered with the Nasdaq, the volume of shares
traded in US$ as well as market capitalization (the price of the shares as quoted by the number of outstanding shares) with the price diluted as of the closing date. The three variables are weighed at equal parts (33%).

	  	  
 Financial Risk
	  	  
 Number of transactions analyzed, valued and consummated and their amount in US$.
Both variables are weighed at equal parts (50%).

	  	  
 Financial Administration
	  	  
 Total assets weighed at 40% and total liabilities weighed at
60%.

			
		  	Institutional Relations	  	Tasks performed and the time spent in each.
			
		  	Administration	  	Amount and number of payments and collections.
			
		  	IT	  	Number of desktops, licenses, volume of PCs and servers.
			
		  	Insurance	  	Insured amounts and volume of losses. Both variables weighed at equal parts (50%).
			
		  	Purchases	  	Purchase orders by weighing their volumes and amounts.
			
		  	Errand Running Service	  	Number of errands run.
			
		  	Contracts	  	Tasks performed and the time spent in each.
			
	 Operations
  
 The three variables are averaged (mix).
	  	Security	  	By the hour.
	  	Maintenance	  	By surface area.
	  	Works	  	By the hour.
			
		  	Internal Audit	  	Tasks performed and the time spent in each.
			
		  	Corporate Services Department	  	Average based on the use by each company of the corporate areas.

 THIS DOCUMENT, CONSISTING OF 7 (seven) PAGES, IS A TRUE AND ACCURATE TRANSLATION into
English of the document in Spanish I have had before me in Buenos Aires, on this 29th day of November, 2007. 
 [For authentication purposes only:]

 ESTE DOCUMENTO, COMPUESTO DE 7 (siete) PÁGINAS, ES TRADUCCIÓN FIEL al inglés del documento adjunto
redactado en idioma castellano que he tenido ante mí y al cual me remito en Buenos Aires, a los 29 días de noviembre de 2007.Amendment, dated as of December 27,2007 to the Amended and Restated Trust Agrmnt

 Exhibit 4.1 
 AMENDMENT 
 dated as of December 27, 2007 
 to the 
 AMENDED AND RESTATED TRUST AGREEMENT 
 among 
 BARCLAYS GLOBAL INVESTORS
INTERNATIONAL, INC., 
 as Sponsor 
 and 
 BARCLAYS GLOBAL INVESTORS, N.A., 
 as Administrative Trustee 
 and 
 WILMINGTON TRUST COMPANY, 
 as Delaware Trustee 
 iSHARES® S&P GSCITM COMMODITY-INDEXED TRUST 

 THIS AMENDMENT, dated as of December 27, 2007 (the “Amendment”), to the Amended and
Restated Trust Agreement, dated as of September 12, 2007 (the “Agreement”), among Barclays Global Investors International, Inc., a Delaware corporation, as sponsor (the “Sponsor”), Barclays Global Investors,
N.A., a national banking association, as administrative trustee (the “Administrative Trustee”), and Wilmington Trust Company, a Delaware banking company, as Delaware trustee (the “Delaware Trustee”), is entered into
between the Sponsor and the Administrative Trustee. 
 W I T N E S S E T H: 
 WHEREAS, the Sponsor has established a statutory trust known as the iShares® S&P GSCITM Commodity-Indexed Trust (the “Trust”), pursuant to the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. §
3801 et seq.; 
 WHEREAS, the Agreement constitutes the governing instrument of the Trust and provides the terms and conditions
according to which the Trust is administered; 
 WHEREAS, the Sponsor and the Administrative Trustee intend to amend the Agreement as
provided in this Amendment to facilitate the transfer of the listing of the shares (the “Shares”) representing units of fractional undivided beneficial interest in the net assets of the Trust from the New York Stock Exchange to NYSE
Arca, Inc.; 
 WHEREAS, pursuant to Section 6.1 of the Agreement, the Administrative Trustee and the Sponsor may amend any provisions of
the Agreement without the consent of any Registered Owner or Beneficial Owner (as defined in the Agreement); and 
 WHEREAS, this Amendment
does not adversely affect any of the rights, duties or liabilities of the Delaware Trustee and thus pursuant to Section 6.1 of the Agreement does not require the consent of the Delaware Trustee. 
 NOW, THEREFORE, in consideration of the mutual premises contained herein, and other good and valuable consideration, the receipt of which is hereby
acknowledged, the Sponsor and the Administrative Trustee hereby agree as follows: 
 ARTICLE ONE 
 SECTION 1.01. Definitions. 
 Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 
  

 2 

 ARTICLE TWO 
 SECTION 2.01. Amendment to Article I of the Agreement. 
 Section 1.1 of the Agreement is amended
by deleting the words “the New York Stock Exchange” in the definition of the term “Exchange” and inserting the following text in lieu thereof: 
 “NYSE Arca, Inc., a Delaware corporation and a registered U.S. national securities exchange, or its successor, or if NYSE Arca, Inc.
or its successor is no longer the principal national securities exchange on which the Shares are listed, such other principal national securities exchange on which the Shares are then listed”. 
 SECTION 2.02. Amendment to Article IV of the Agreement. 
 Section 4.1 of the Agreement is amended by deleting the first sentence of paragraph (a) in its entirety and inserting the following text in lieu thereof: 
 “The Administrative Trustee shall determine the Net Asset Value of the Trust and the Net Asset Value per Share as of 4:15 P.M., New
York City time, on each Business Day on which the Exchange is open for regular trading, as soon as practicable after such time.” 
 SECTION 2.03. Amendment to Article V of the Agreement. 
 Section 5.12 of the Agreement is amended by deleting
clause (i) of paragraph (c) in its entirety and inserting the following text in lieu thereof: 
 “(i) expenses and disbursements that were incurred by it before the Shares were publicly traded and”. 
 SECTION
2.04. Amendment to Section 7 of Annex I to the Agreement. 
 Section 7 of Annex I to the Agreement is amended by deleting the
words “the close of trading on the Exchange” and inserting the following text in lieu thereof: 
 “4:15 P.M.,
New York City time,”. 
 ARTICLE THREE 
 SECTION 3.01. Effectiveness of Amendment; Modification. 
 This Amendment shall become effective upon
its execution by the parties hereto and shall remain in effect for so long as the Agreement shall remain in effect. This Amendment may not be amended or modified in any manner except by a written agreement duly executed by both parties hereto.

  

 3 

 SECTION 3.02. Continuing Effect of Agreement. 
 Except as expressly provided herein, all of the terms, provisions and conditions of the Agreement shall remain in full force and effect. 
 SECTION 3.03. Separability Clause. 
 In case any provision of this Amendment shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 3.04. Third-Party Beneficiaries. 
 This Amendment is for the exclusive benefit of the parties hereto, and shall not be deemed to give any legal or equitable right, remedy or claim whatsoever to any other person. 
 SECTION 3.05. Counterparts. 
 This
Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall together constitute one and the same instrument. 
 SECTION 3.06. Effect of Headings. 
 The Section headings herein are for convenience only and shall not
affect the construction hereof. 
 SECTION 3.07. Governing Law. 
 This Amendment is governed by and is to be construed in accordance with the laws of the State of Delaware. 
  

 4 

 IN WITNESS WHEREOF, the undersigned have duly executed this Amendment as of the day and year first set
forth above. 
  

			
	BARCLAYS GLOBAL INVESTORS INTERNATIONAL, INC., as Sponsor
		
	By:	 	 /s/ MICHAEL LATHAM

	Name:	 	Michael Latham
	Title:	 	Managing Director
		
	By:	 	 /s/ JACK GEE

	Name:	 	Jack Gee
	Title:	 	Principal
	
	 BARCLAYS GLOBAL INVESTORS,
 N.A., as
Administrative Trustee

		
	By:	 	 /s/ MICHAEL LATHAM

	Name:	 	Michael Latham
	Title:	 	Managing Director
		
	By:	 	 /s/ JACK GEE

	Name:	 	Jack Gee
	Title:	 	Principal

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]