Document:

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                                                                  EXECUTION COPY

                           -------------------------

                         BYSSA STOCK PURCHASE AGREEMENT

                           -------------------------

                                      AMONG

                           BANCOLOMBIA (PANAMA) S.A.,
                                  AS PURCHASER,

                                       AND

             THE PERSONS IDENTIFIED HEREIN AS MAJORITY SHAREHOLDERS,
                  IN RESPECT OF THE SHARES OF CAPITAL STOCK OF

                            BIENES Y SERVICIOS, S.A.

                                  APRIL 2, 2007

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                                TABLE OF CONTENTS

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ARTICLE 1      DEFINITIONS..................................................................    1
      1.1      Defined Terms................................................................    1
      1.2      Other Definitional and Interpretive Provisions...............................    9

ARTICLE 2      PURCHASE PRICE; ESCROW AGREEMENT.............................................   10
      2.1      Sale and Purchase of the Offered Shares......................................   10
      2.2      Escrow Agreement.............................................................   11
      2.3      Put Option...................................................................   11
      2.4      Exercise of the Put Option...................................................   11
      2.5      Tender of Banagricola Shares in the Banagricola OPA..........................   12

ARTICLE 3      PURCHASE AND SALE PROCEDURES.................................................   12
      3.1      OPA Procedures...............................................................   13
      3.2      Restriction on Future Tender Offers..........................................   13

ARTICLE 4      REPRESENTATIONS AND WARRANTIES OF THE PURCHASER..............................   13
      4.1      Organization and Standing....................................................   13
      4.2      Authority; Enforceability....................................................   14
      4.3      Non-Contravention............................................................   14
      4.4      Consents and Approvals.......................................................   14
      4.5      Brokers......................................................................   14
      4.6      Financial Capacity; Solvency.................................................   15
      4.7      Litigation...................................................................   15
      4.8      Information..................................................................   15

ARTICLE 5      REPRESENTATIONS AND WARRANTIES OF THE MAJORITY SHAREHOLDERS..................   15
      5.1      Existence....................................................................   15
      5.2      Ownership of Shares..........................................................   15
      5.3      Authority; Enforceability....................................................   16
      5.4      Non-Contravention............................................................   16
      5.5      Consents and Approvals.......................................................   16
      5.6      Brokers......................................................................   17
      5.7      Litigation...................................................................   17

ARTICLE 6      REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COMPANY...................   17
      6.1      Organization and Standing....................................................   17
      6.2      Authority to do Business.....................................................   17
      6.3      Authority; Enforceability....................................................   17
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      6.4      Charter Documents............................................................   18
      6.5      Investments in Other Persons.................................................   18
      6.6      Capitalization of the Company................................................   18
      6.7      Rights; Warrants or Options; Dividends.......................................   18
      6.8      Non-Contravention............................................................   19
      6.9      Consents and Approvals.......................................................   19
      6.10     Financial Statements.........................................................   20
      6.11     No Material Adverse Change; Conduct of Business..............................   20
      6.12     Undisclosed Liabilities......................................................   20
      6.13     Disclosed Data...............................................................   20
      6.14     Tangible Personal Property...................................................   20
      6.15     Real Property................................................................   21
      6.16     Condition of Assets..........................................................   21
      6.17     Insurance....................................................................   21
      6.18     Labor Relations..............................................................   22
      6.19     Permits......................................................................   22
      6.20     Compliance With Laws.........................................................   22
      6.21     Litigation...................................................................   22
      6.22     Banagricola Shares and BESI Shares...........................................   23
      6.23     List of Personnel............................................................   23
      6.24     Employee Benefit Plans.......................................................   23
      6.25     Tax Matters..................................................................   24
      6.26     Environmental Matters........................................................   25
      6.27     Intellectual Property........................................................   26
      6.28     Transactions With Affiliates.................................................   27
      6.29     Powers of Attorney...........................................................   27
      6.30     Material Contracts...........................................................   27
      6.31     No Immunity..................................................................   28
      6.32     Improper Payments; etc.......................................................   28
      6.33     Accounting Controls..........................................................   28
      6.34     Risk Management; Allowance for Loan Losses...................................   29
      6.35     Sufficiency of Assets........................................................   29
      6.36     Brokers......................................................................   29
      6.37     Books and Records............................................................   29
      6.38     Loans to Banagricola Shareholders............................................   29

ARTICLE 7      PRE-CLOSING COVENANTS........................................................   29
      7.1      Conduct of Business..........................................................   29
      7.2      Pre-Closing Activities.......................................................   30
      7.3      Efforts to Consummate........................................................   31
      7.4      Confidentiality; Access......................................................   31
      7.5      No Proxies for or Encumbrances on Shares; Voting.............................   32
      7.6      No Proxies for or Encumbrances on Banagricola Shares; Voting.................   33
      7.7      Preparation for Asset Sales..................................................   33
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ARTICLE 8      CONDITIONS TO THE OPA........................................................   33
      8.1      Conditions to the Purchaser's Obligations....................................   33
      8.2      Conditions to Obligations of the Majority Shareholders.......................   34

ARTICLE 9      CONDITIONS TO CLOSING........................................................   35
      9.1      Conditions to the Purchaser's Obligations....................................   35

ARTICLE 10     OTHER AGREEMENTS.............................................................   36
      10.1     Further Assurances...........................................................   36
      10.2     Transitional Activities......................................................   36
      10.3     Publicity....................................................................   36
      10.4     Litigation Support...........................................................   36
      10.5     No Additional Representations................................................   37
      10.6     Disclaimer Regarding Estimates and Projections...............................   37
      10.7     Director and Officer Liability and Indemnification...........................   37
      10.8     No Solicitation..............................................................   38
      10.9     Third Party Consents.........................................................   38
      10.10    Dealing with Certain Authorities.............................................   38
      10.11    Non-Competition and Non-Solicitation.........................................   39
      10.12    Banagricola OPA..............................................................   40

ARTICLE 11     SURVIVAL OF REPRESENTATIONS AND WARRANTIES...................................   41
      11.1     Survival of Representations and Warranties...................................   41

ARTICLE 12     TERMINATION..................................................................   41
      12.1     Termination..................................................................   41
      12.2     Effect of Termination........................................................   42

ARTICLE 13     MAJORITY SHAREHOLDER REPRESENTATIVES.........................................   42
      13.1     Appointment..................................................................   42
      13.2     Reliance by Majority Shareholders' Representative............................   43
      13.3     Expenses of Majority Shareholders' Representative............................   43
      13.4     Indemnification..............................................................   43

ARTICLE 14     MISCELLANEOUS................................................................   44
      14.1     Notices......................................................................   44
      14.2     Entire Agreement.............................................................   45
      14.3     Benefits; Binding Effect; Assignment.........................................   45
      14.4     Waiver.......................................................................   45
      14.5     No Third Party Beneficiaries.................................................   45
      14.6     Severability.................................................................   45
      14.7     Expenses.....................................................................   46
      14.8     Section Headings.............................................................   46
      14.9     Counterparts; Facsimile Signature............................................   46
      14.10    Litigation; Prevailing Party.................................................   46
      14.11    Specific Performance.........................................................   46
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      14.12    Governing Law; Jurisdiction; Waiver of Jury Trial............................   46
      14.13    Jurisdiction, Etc............................................................   46
      14.14    Construction.................................................................   47
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                                    EXHIBITS

EXHIBIT A   Ownership/Percentage Ownership of Majority Shareholders

EXHIBIT B   Escrow Agreement Terms

                                    SCHEDULES

Schedule 4.4     Purchaser Consents

Schedule 5.5     Majority Shareholders' Consents

Schedule 6.2     Foreign Qualifications

Schedule 6.5     Investments in Other Persons

Schedule 6.6     Capitalization of the Company

Schedule 6.7     Rights; Warrants or Options; Dividends

Schedule 6.9     Company Consents

Schedule 6.10    Financial Statements

Schedule 6.12    Undisclosed Liabilities

Schedule 6.15    Real Property

Schedule 6.17    Insurance

Schedule 6.18    Labor Relations

Schedule 6.19    Permits

Schedule 6.21    Litigation

Schedule 6.23    List of Personnel

Schedule 6.24    Employee Benefit Plans

Schedule 6.25    Tax Matters

Schedule 6.27    Intellectual Property

Schedule 6.28    Transactions With Affiliates

Schedule 6.29    Powers of Attorney

Schedule 6.30    Material Contracts

Schedule 10.11.1 Designated Shareholders

Schedule 10.11.2 Restricted Business Exceptions

Schedule 13.1    Majority Shareholders' Representatives

                                       v

<PAGE>

                         BYSSA STOCK PURCHASE AGREEMENT

      This BYSSA Stock Purchase Agreement is made and entered into as of April
2, 2007, by and among Bancolombia (Panama) S.A., a sociedad anonima organized
and existing under the laws of Panama (the "Purchaser"), Bienes y Servicios,
S.A., a sociedad anonima organized and existing under the laws of El Salvador
(the "Company"), each of the shareholders of the Company listed on Exhibit A
hereto (the "Majority Shareholders"), and any shareholders of the Company who
execute and deliver to the Purchaser a Joinder Agreement following the date
hereof.

                             PRELIMINARY STATEMENTS:

      A. The Majority Shareholders own 3,568,613 shares of capital stock of the
Company, which shares represent 50.8349%, on a fully diluted basis, of the
issued and outstanding capital stock of the Company.

      B. The Majority Shareholders propose to sell to the Purchaser, and the
Purchaser proposes to purchase from the Majority Shareholders, fully paid-in
Shares of the Company that will represent at least 50.8349% of the Shares (as
defined below) on a fully diluted basis (the "Minimum Percentage").

      C. The Purchaser will effectuate a public tender offer in El Salvador (the
"OPA") in accordance with Article 3 herein, whereby the Purchaser will offer to
purchase the Shares (as defined below) from the Majority Shareholders and the
Minority Shareholders (as defined below) desiring to sell their Shares subject
to the terms and conditions of this Agreement. The Purchaser shall have no
obligation to purchase any shares of the Subsidiaries not held by the Company.

                                   AGREEMENT:

      In consideration of the premises and the respective mutual agreements,
covenants, representations and warranties contained herein, the parties hereto
agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

      1.1 Defined Terms. In addition to terms defined elsewhere in this
Agreement, the following terms when utilized in this Agreement, unless the
context otherwise requires, shall have the meanings indicated below, which
meanings shall be equally applicable to both the singular and plural forms of
such terms:

      "Accounting Standards" means the accounting standards as determined from
time to time by Consejo de Vigilancia de la Profesion de Contaduria Publica y
Auditoria and, to the extent a matter is not covered by such principles, in
accordance with GAAP.

      "Acquisition Proposal" means any proposal or offer (whether or not in
writing and whether or not legally binding) for a merger, consolidation,
purchase of assets, tender offer or other business combination involving the
Company or any Subsidiary or any proposal or offer to

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acquire in any manner, directly or indirectly, an equity interest in, any voting
securities of, or a substantial portion of the assets of the Company or any
Subsidiary, other than in furtherance of the transactions contemplated by this
Agreement and the other Transaction Documents.

      "Additional Restricted Business" means Restricted Business as such term is
defined in the Banagricola SPA.

      "Affiliate" means, with respect to any person, any other person that,
directly or indirectly, through one or more intermediaries, controls the subject
person or any person that is controlled by or is under common control with such
person. For purposes of this definition, "control" (including the correlative
terms "controlling," "controlled by" and "under common control with"), with
respect to any person, means possession, directly or indirectly, of the power to
vote more than fifty percent (50%) of the Voting Stock of such person or cause
the direction of the management and policies of such person, whether through the
ownership of Voting Stock or by contract or otherwise.

      "Agreement" means this BYSSA Stock Purchase Agreement.

      "Authority" means, with respect to any person, any governmental,
regulatory or administrative body, agency, commission, bureau, authority, court
or arbitration tribunal, or any foreign governmental regulatory agency,
commission, bureau, authority, court or arbitration tribunal having jurisdiction
over the property or business of Company or any of the Subsidiaries, including,
the U.S. Regulators, the Salvadoran Authorities and the Salvadoran Securities
Regulator.

      "Banagricola" means Banagricola, S.A., a sociedad anonima organized and
existing under the laws of Panama.

      "Banagricola Loans" is defined in Section 6.38.1.

      "Banagricola OPA" is defined in Section 10.12.

      "Banagricola Shares" is defined in Section 6.22.

      "Banagricola SPA" means the Master Stock Purchase Agreement, dated as of
December 22, 2006, among the Purchaser and certain shareholders of Banagricola
(as amended from time to time).

      "Bankruptcy and Equity Exceptions" is defined in Section 4.2.

      "BESI" is defined in Section 2.4.2.

      "BESI Shares" is defined in Section 2.4.2.

      "Brokerage House" means Bursabac, S.A. de C.V., a sociedad anonima
organized and existing under the laws of El Salvador, which will be the
brokerage house to be used by the Purchaser to effectuate the OPA, as
contemplated by Article 3 hereof.

                                       2
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      "Business Day" means any day other than Saturday, Sunday or a day on which
banks in San Salvador, El Salvador or New York, New York, U.S.A. are authorized
or required by Law to close in any such city.

      "Caoba" is defined in Section 5.6.

      "Charter Documents" means with respect to any juridical person, such
person's articles or certificate of incorporation, formation or association,
by-laws, limited liability company agreement, partnership agreement or other
constitutive documents.

      "Closing" means the completion of the purchase and sale of the Offered
Shares.

      "Closing Date" means the date on which the Closing occurs.

      "Code" means the United States Internal Revenue Code of 1986.

      "Company" is defined in the Preamble.

      "Company Consents" is defined in Section 6.9.

      "Contract" means, with respect to any person, any agreement, indenture,
undertaking, debt instrument, contract, lease, understanding, arrangement, or
commitment to which such person or any of its subsidiaries is a party or by
which any of them may be bound or to which any of their assets or properties may
be subject, whether or not in writing, and whether express or implied.

      "Customer" means, as of any time, any customer or client of the Company or
any Subsidiary.

      "Daily Interest Rate" is equal to 0.017255%, which is the daily interest
rate that, when compounded on a daily basis for one 365-day year, is equivalent
to an annual interest rate of 6.50%.

      "Designated Shareholder" is defined in Section 10.11.1.

      "Disclosed Data" means (i) the electronic data room containing documents
and materials concerning the businesses and operations of the Company and the
Subsidiaries, (including the written responses to written questions of the
Purchaser), made available to the Purchaser prior to the date hereof, (ii) the
Public Filings of the Company or any Subsidiary and (iii) the Confidential
Information Package dated October 2006.

      "El Salvador" means the Republic of El Salvador.

      "Employee Benefit Plans" means all benefit and compensation plans,
contracts, policies or arrangements covering current or former employees of the
Company and its Subsidiaries and current or former directors of the Company,
including pension, retirement, welfare, medical, deferred compensation,
severance, stock option, stock purchase, stock appreciation rights, stock based,
incentive and bonus plans and employment and change in control plans and
agreements.

                                       3
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      "Environmental Costs" means any and all costs and expenditures, in
connection with investigating, defending, remediating or otherwise responding to
any Release of Hazardous Materials, any violation or alleged violation of
Environmental Laws, any fees, fines, penalties or charges associated with any
authorizations from any Authority, or any actions necessary to comply with any
Environmental Laws.

      "Environmental Law" means any and all Laws and authorizations applicable
to the Company or any Subsidiary relating to the regulation of pollution or
protection of human health, safety or the environment.

      "Equity Compensation Awards" is defined in Section 6.7.1.

      "ERISA" means the Employee Retirement Income Security Act of 1974.

      "Financial Statement Date" means December 31, 2006.

      "Financial Statements" is defined in Section 6.10.

      "GAAP" means generally accepted accounting principles as in effect in El
Salvador.

      "GS" is defined in Section 5.6.

      "Hazardous Materials" means any dangerous, toxic or hazardous pollutant,
contaminant, chemical, waste, material or substance as defined in or governed by
any Law relating to such substance or otherwise relating to the environment or
human health or safety, including without limitation any waste, material,
substance, pollutant or contaminant that might cause any Liability under any
Environmental Law.

      "Immediate Family Member" means, with respect to any Designated
Shareholder, each parent, spouse or child (including those adopted) of such
Designated Shareholder but excluding any parent, spouse or child that is not
under the control of such Designated Shareholder, with whom such Designated
Shareholder is not acting in concert to acquire or own any equity or voting
securities in a Restricted Business, or with respect to whom such Designated
Shareholder does not have actual knowledge of such ownership interest in a
Restricted Business.

      "Intellectual Property" is defined in Section 6.27.1.

      "Intellectual Property Rights" means (i) rights in trademarks, service
marks, and trade names, registered or unregistered, (ii) rights in copyrightable
subject matter or protectable designs, registered or unregistered, (iii) trade
secrets, (iv) rights in Internet domain names, uniform resource locators and
e-mail addresses, (v) know-how and (vi) all other intellectual and industrial
property rights of every kind and nature and however designated, whether arising
by operation of Law, contract, license or otherwise.

      "Initial Shares" means the total number of Shares equal to the Minimum
Percentage.

      "Joinder Agreement" means documentation in such form as is mutually
agreeable to the parties hereto for the joinder of persons as parties to this
Agreement.

                                       4
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      "Knowledge of the Purchaser" means (i) the actual personal knowledge of
Jorge Londono Saldarriaga and Sergio Restrepo Isaza, and (ii) the knowledge that
any such person referenced in (i), as a prudent business person holding such
position or having such responsibilities, would have obtained in the conduct of
his or her duties.

      "Knowledge of the Shareholders" means (i) the actual personal knowledge of
(A) each member of the board of directors of the Company and (B) the executive
officers of the Company, department heads and other principal persons, and (ii)
the knowledge that any such person referenced in (i), as a prudent business
person holding such position or having such responsibilities, would have
obtained in the conduct of his or her duties.

      "Law" means any law, statute, rule or regulation, and any judgment, order
or decree of any Authority.

      "Liability" means any direct or indirect indebtedness, liability, claim,
loss, damage, deficiency, obligation or responsibility fixed or unfixed, choate
or inchoate, liquidated or unliquidated, secured or unsecured, accrued,
absolute, contingent or otherwise, whether or not of a nature required to be
reflected or reserved against in the Financial Statements of such entities or
the notes thereto in accordance with the Accounting Standards.

      "Lien" means any lien, charge, claim, community property interest,
equitable interest, lien, option, pledge, security interest, right of first
refusal, restriction, encumbrance or pledge of any kind whatsoever, including
any restriction on use, voting, transfer, receipt of income, or exercise of any
other attribute of ownership.

      "Listed Intellectual Property" is defined in Section 6.27.1.

      "Litigation" means any civil, criminal, regulatory, administrative,
investigative or informal actions, audits, demands, suits, claims, arbitrations,
hearings, litigations, disputes, investigations or other similar proceedings.

      "Loans" shall mean all loans, notes, extensions of credit, leases,
guaranties, loan commitments, credit enhancements and similar borrowing
arrangements issued on behalf of any person by the Company or any Subsidiary.

      "Losses" means all damages, costs, obligations, liabilities, losses,
expenses, and fees (including court costs and reasonable attorneys' fees and
expenses) that the subject person may sustain.

      "Majority Shareholders" is defined in the Preamble and shall include any
Shareholder who executes and delivers a Joinder Agreement to the Purchaser.

      "Majority Shareholders' Consents" is defined in Section 5.5.

      "Material Adverse Change" means any change or effect that is or would
reasonably be expected to have a Material Adverse Effect.

                                       5
<PAGE>

      "Material Adverse Effect" means any change or effect that is materially
adverse to the business, results of operations or financial condition of the
Company and the Subsidiaries, taken as a whole.

      "Material Contract" is defined in Section 6.30.

      "Minimum Percentage" is defined in the Recitals.

      "Minority Shareholders" means, as of any date, the shareholders of the
Company other than the Majority Shareholders.

      "Offered Shares" is defined in Section 2.1.

      "OPA" is defined in the Recitals. ---

      "OPA Commencement Date" is defined in Section 3.1.2.

      "OPA Documents" shall mean the informational documents related to the OPA.

      "OPA Escrow Agent" means the financial institution acting as escrow agent
under the OPA Escrow Agreement.

      "OPA Escrow Agreement" means the escrow agreement by and among the
Purchaser, the OPA Escrow Agent and the Majority Shareholders substantially in
the form attached hereto as Exhibit B.

      "OPA Termination Date" means the date on which the OPA terminates.

      "Option Notice" is defined in Section 2.3.

      "Option Period" is defined in Section 2.3.

      "Ordinary Course of Business" means the ordinary course of business
consistent with the past custom and practice of the Company and/or the
Subsidiaries in the operation of their respective businesses.

      "Owned Intellectual Property Rights" means Intellectual Property Rights
owned by the Company or any Subsidiary.

      "Panama" means the Republic of Panama.

      "Panamanian Superintendence" means the Superintendencia de Bancos de
Panama.

      "Percentage Ownership" means the percentage ownership in the Company of
each Majority Shareholder as set forth on Exhibit A.

      "Permits" means all licenses, permits, orders, approvals, registrations,
authorizations, and qualification filings with all Authorities required under
applicable Law in connection with the operation of the business of the Company
or any Subsidiary, as applicable.

                                       6
<PAGE>

      "Permitted Liens" means (i) Liens for taxes not yet due and payable or
being contested in good faith by appropriate proceedings, (ii) easements,
covenants, conditions and restrictions of record, (iii) easements, covenants,
conditions and restrictions not of record as to which no material violation or
encroachment exists or, if such violation or encroachment exists, as to which
the cure of such violation or encroachment would not materially interfere with
the conduct of the business of the Company or any Subsidiary, (iv) any zoning or
other governmentally established restrictions or encumbrances, (v) workers' or
unemployment compensation Liens arising in the Ordinary Course of Business, (vi)
mechanic's, materialman's, supplier's, vendor's or similar Liens arising in the
Ordinary Course of Business securing amounts that are not delinquent, (vii)
utility, slope and drainage easements, right-of-way easements and leases
regarding signs, and (viii) other immaterial imperfections of title, easements,
covenants, conditions, restrictions or Liens.

      "person" means any natural person, corporation, limited liability company,
unincorporated organization, partnership, association, joint-stock company,
joint venture, trust or government, or any agency or political subdivision of
any government.

      "Process Agent" is defined in Section 13.13.1.

      "Property" means real property now or previously owned, leased, controlled
or occupied by the Company or any Subsidiary.

      "Public Filings" means the reports, notifications, disclosures, and other
filings required to be made by a reporting company under Salvadoran securities
Laws or by the Salvadoran Superintendence.

      "Purchase Price Per Share" means (i) if the Closing Date occurs on or
before May 22, 2007, $10.65 or (ii) if the Closing Date occurs after May 22,
2007, the price calculated based on the following formula:

      Purchase Price Per Share =  $10.65 - {1+R(DI)}(D)

                          where:

                            R(DI) =  the Daily Interest Rate

                             D =  the total number of days elapsed from
                                  but excluding May 22, 2007 to but
                                  excluding the Closing Date.

      "Purchase Price" means the Purchase Price Per Share multiplied by the
number of Offered Shares.

      "Purchaser" is defined in the Preamble.

      "Purchaser Consents" is defined in Section 4.4.

                                       7
<PAGE>

      "Put Option" is defined in Section 2.3.

      "Put Option Closing Date" is defined in Section 2.3.

      "Put Option Purchase Price Per Share" means the price calculated based on
the following formula:

      Put Option Purchase Price Per Share =  $47.044792 - {1+R(DI)}(D)

                                     where:

                                      R(DI) =  the Daily Interest Rate

                                        D   =  the total number of days elapsed
                                               from but excluding May 22, 2007
                                               to but excluding the Closing
                                               Date.

      "Real Property" is defined in Section 6.15.1.

      "Regulatory Actions" means any Litigation with respect to the Company or
any Subsidiary brought, instigated or threatened by any Authority in connection
with any Environmental Costs, Release of Hazardous Materials or any
Environmental Law.

      "Regulatory Reports" is defined in Section 6.20.2.

      "Related Person" has the meaning assigned to such term in Article 204 of
the Banking Law of El Salvador as in effect on the date hereof.

      "Release" means the spilling, leaking, disposing, discharging, emitting,
depositing, ejecting, leaching, escaping or any other release or threatened
release, however defined, whether intentional or unintentional, of any Hazardous
Material.

      "Restricted Business" has the meaning assigned in Section 10.11.1.

      "Return" means any return, declaration (including any declaration of
estimated Taxes), report claim for refund or information return or statement
relating to Taxes with respect to any income, assets or properties of the
Company or any Subsidiary, including any schedule or attachment thereto.

      "Risk Management Contract" is defined in Section 6.34.1.

      "Salvadoran Authorities" means the consent of the Salvadoran
Superintendence and the Superintendencia de Competencia de El Salvador.

      "Salvadoran Securities Regulator" means the Superintedencia de Valores de
El Salvador.

      "Salvadoran Stock Exchange" means Bolsa de Valores de El Salvador.

                                       8
<PAGE>

      "Salvadoran Superintendence" means Superintendencia del Sistema Financiero
de El Salvador.

      "Selling Shareholder" means each Shareholder who tenders and does not
withdraw its Offered Shares in the OPA.

      "Shareholders" means the holders of the Shares.

      "Shares" means the shares of capital stock of the Company and any and all
securities, rights, warrants or options exchangeable for or convertible into any
such Shares, excluding treasury Shares.

      "Sellers Representatives" is defined in Section 10.8.

      "Specified Assets" means the equity interests owned by the Company in
Dicom C.A., S.A. de C.V. and British American Tobacco C.A. S.A.

      "Stock Exchange" means the Salvadoran Stock Exchange.

      "Subsidiary" means each of Banagricola de El Salvador, Inc.; Sanduca, S.A.
de C.V.; Antigua, S.A. and any other person owned directly or indirectly by any
of such persons.

      "Tax" means all local and foreign taxes of any kind, including interest,
additions to tax and penalties with respect thereto.

      "Taxing Authorities" is defined in Section 6.25.1.

      "Transaction Documents" means any agreements, instruments, certificates
and documents contemplated hereby, including this Agreement and the OPA Escrow
Agreement.

      "U.S. Regulators" means the Board of Governors of the Federal Reserve
System, the California Department of Financial Institutions, the District of
Columbia Office of Banking and Financial Institutions, the Maryland Division of
Financial Regulation, the Nevada Division of Financial Institutions, the New
Jersey Commissioner of Banking and Insurance, the Banking Commissioner of Texas,
the Virginia Bureau of Financial Institutions and the U.S. Department of the
Treasury.

      "Voting Stock" means capital stock issued by a corporation or equivalent
interests in any other person, the holders of which are entitled to vote for the
election of directors (or persons performing similar functions) of such person
(other than stock having such power only upon the happening of a contingency
that has not occurred).

      1.2 Other Definitional and Interpretive Provisions.

            1.2.1 Unless otherwise defined herein, all terms defined in this
Agreement shall have the same defined meanings when used in any certificate,
report or other document made or delivered pursuant hereto.

                                       9
<PAGE>

            1.2.2 As used in this Agreement unless the context otherwise
requires, (i) words in the masculine or neuter gender include the masculine,
feminine and neuter genders, (ii) the words "include", "includes" and
"including" shall be deemed to be followed with the phrase "without limitation",
(iii) the word "will" shall be construed to have the same meaning and effect as
the word "shall", (iv) all references to Exhibits or Schedules refer to exhibits
or schedules delivered herewith or attached hereto (each of which is deemed to
be a part of this Agreement), (v) all references to Sections or Articles refer
to Sections or Articles of this Agreement, (vi) all references to "$" or
"dollars" refer to U.S. dollars, (vii) any amount to be paid in "$" or "dollars"
shall be paid in U.S. dollars, (viii) any definition of or reference to any
agreement, instrument or other document shall be construed as referring to such
agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (ix) any reference
herein to any person shall be construed to include such person's successors and
assigns, (x) the words "herein", "hereof" and "hereunder", and words of similar
import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, and (xi) any report, document, officer's
certificate or any other instrument required to be delivered hereunder which
does not conform to the requirements hereof at the time of delivery shall be
deemed non-conforming and shall not relieve the person delivering such
non-conforming report, document, officer's certificate or instrument from its
obligations to deliver a conforming report, document, officer's certificate or
instrument. Except as expressly stated in this Agreement, all references to any
statute, rule or regulation are to the statute, rule or regulation as amended,
modified, supplemented or replaced from time to time (and, in the case of
statutes, include any rules and regulations promulgated under the statute) and
to any section of any statute, rule or regulation include any successor to the
section.

            1.2.3 The inclusion of any information on any schedule to this
Agreement shall not be deemed to be an admission or acknowledgment by the
Majority Shareholders, in and of themselves, that such information is required
to be listed on such schedule or is material to or outside the Ordinary Course
of Business. Any disclosure made in any schedule to this Agreement shall be
deemed to be disclosed and incorporated by reference in any other schedule to
this Agreement as though fully set forth in such other schedule for which the
applicability of such disclosure is reasonably apparent on the face of such
disclosure that is applicable to such other schedule.

            1.2.4 The specification of any U.S. Dollar amount in the
representations and warranties or otherwise in this Agreement or in the
schedules hereto is not intended and shall not be deemed to be an admission or
acknowledgment of the materiality of such amounts or items, nor shall the same
be used in any dispute or controversy between the parties to determine whether
any obligation, item or matter (whether or not described herein or included in
any schedule) is or is not material for purposes of this Agreement.

                                    ARTICLE 2
                        PURCHASE PRICE; ESCROW AGREEMENT

      2.1 Sale and Purchase of the Offered Shares. Upon and subject to the terms
and conditions of this Agreement, the Purchaser agrees to purchase, and the
Selling Shareholders agree to sell, in the manner specified in this Agreement,
Shares of the Selling Shareholders

                                       10
<PAGE>

tendered in the OPA and not withdrawn (the "Offered Shares"), free and clear of
any Liens, for a price per Share equal to the Purchase Price Per Share.

      2.2 Escrow Agreement. No later than 15 days following the date hereof the
parties hereto will enter into the OPA Escrow Agreement. On the date of
execution of the OPA Escrow Agreement, the Majority Shareholders will deposit
with the OPA Escrow Agent the Initial Shares, duly endorsed (Endoso en
Administracion) and free and clear of any Liens.

      2.3 Put Option. If the OPA Commencement Date does not occur within ninety
(90) days following the date hereof, the Company and its Subsidiaries shall have
the right, but not the obligation, to sell to the Purchaser and the Purchaser
shall have the obligation to buy from the Company and its Subsidiaries, all (but
not less than all) the Banagricola Shares at the Put Option Purchase Price Per
Share (the "Put Option"). The Company and its Subsidiaries shall notify in
writing the Purchaser of their decision to exercise the Put Option (the "Option
Notice") and shall set forth in such Option Notice a Business Day, which shall
be no earlier than five (5) days and no later than fifteen (15) days from the
date the Option Notice is deemed received pursuant to Section 14, for the
simultaneous transfer of title of the Banagricola Shares to the Purchaser and
the payment of the Put Option Purchase Price Per Share to the Company and its
Subsidiaries (such date, as notified in the Option Notice or the actual date on
which the transfer of title to the Purchaser and the payment of the Purchase
Price Per Share to the Company and its Subsidiaries occurs, if different, the
"Put Option Closing Date"). The transfer of the Banagricola Shares by the
Company and its Subsidiaries to the Purchaser on the Put Option Closing Date
shall be made free and clear of any Liens.

      2.4 Exercise of the Put Option. If the Company and its Subsidiaries
exercise the Put Option, then:

            2.4.1 The Purchaser shall be discharged from the obligation to
purchase the Shares set forth in Section 2.1 and this Agreement shall
automatically terminate as of the Put Option Closing Date;

            2.4.2 For the period commencing on the date hereof and continuing
until the date on which the transfer of shares described in clause (ii) below is
perfected, the Company shall not, with respect to Banagricola de El Salvador,
Inc. ("BESI"), (A) sell, assign, transfer, encumber or otherwise dispose of (1)
any of the outstanding capital securities (including common stock) of BESI (the
"BESI Shares") or (2) any of the assets of BESI except in the ordinary course of
its business, and (B) take any of the actions described in Sections 7.2.3,
7.2.5, 7.2.6 or 7.2.11 as if BESI were the Company for the purposes of such
Sections, and (ii) the Company shall transfer directly to the Purchaser all of
the BESI Shares for a purchase price, in the aggregate, of six million Dollars
($6,000,000), free and clear of any Liens. If requested by the Purchaser, the
Company shall deposit immediately the BESI Shares in escrow with an escrow agent
designated by the Purchaser for such time as may be required to make or obtain,
as the case may be, all filings, Permits, notices, and consents necessary under
applicable Law, for the valid transfer of title of the BESI Shares free and
clear of any Liens to the Purchaser; and

            2.4.3 For the period commencing on the date hereof and continuing
until the date on which the agreement described in clause (ii) below becomes
effective, the Company and its

                                       11
<PAGE>

Subsidiaries shall, at the election of the Purchaser, continue to provide to
Banagricola and its Subsidiaries the services (in whole or in part) currently
provided by the Company and its Subsidiaries to Banagricola and its Subsidiaries
(including any services provided by BESI) on the same terms and conditions
(including price) and at the same standard and level of service as such services
are being provided as of the date hereof, and (ii) the Company and its
Subsidiaries and the Purchaser shall negotiate in good faith and use reasonable
efforts to enter into, as promptly as practicable, a long-term services
agreement for the provision of such services by the Company and its Subsidiaries
on customary terms and conditions.

      2.5 Tender of Banagricola Shares in the Banagricola OPA. If the Company
and its Subsidiaries tender the Banagricola Shares in the Banagricola OPA as
provided for in the Banagricola SPA, then:

            2.5.1 The Purchaser shall be discharged from the obligation to
purchase the Shares set forth in Section 2.1 and this Agreement shall
automatically terminate as of the date of such tender;

            2.5.2 (i) for the period commencing on the date of such tender and
continuing until the date on which the transfer of the BESI Shares described in
clause (ii) below is perfected, the Company shall not, with respect to BESI, (A)
sell, assign, transfer, encumber or otherwise dispose of (1) the BESI Shares or
(2) any of the assets of BESI except in the ordinary course of its business, and
(B) take any of the actions described in Sections 7.2.3, 7.2.5, 7.2.6 or 7.2.11
as if BESI were the Company for the purposes of such Sections, and (ii) the
Company shall transfer directly to the Purchaser all of the BESI Shares for a
purchase price, in the aggregate, of six million Dollars $6,000,000, free and
clear of any Liens. If requested by the Purchaser, the Company shall deposit
immediately the BESI Shares in escrow with an escrow agent designated by the
Purchaser for such time as may be required to make or obtain, as the case may
be, all filings, Permits, notices, and consents necessary under applicable Law,
for the valid transfer of title of the BESI Shares free and clear of any Liens
to the Purchaser; and

            2.5.3 (i) for the period commencing on the date of such tender and
continuing until the date on which the agreement described in clause (ii) below
becomes effective, the Company and its Subsidiaries shall, at the election of
the Purchaser, continue to provide to Banagricola and its Subsidiaries the
services (in whole or in part) currently provided by the Company and its
Subsidiaries to Banagricola and its Subsidiaries (including any services
provided by BESI) on the same terms and conditions (including price) and at the
same standard and level of service as such services are being provided as of the
date hereof, and (ii) the Company and its Subsidiaries and the Purchaser shall
negotiate in good faith and use their best efforts to enter into, as promptly as
practicable, a long-term services agreement for the provision of such services
by the Company and its Subsidiaries on customary terms and conditions.

                                    ARTICLE 3
                          PURCHASE AND SALE PROCEDURES

      The purchase by the Purchaser of the Offered Shares will be undertaken in
the manner described in this Article 3 in compliance in all material respects
with all applicable Laws:

                                       12
<PAGE>

      3.1 OPA Procedures.

            3.1.1 The Purchaser shall prepare and compile all documents required
to effectuate the OPA as promptly as practicable and shall present such
documents to the Majority Shareholders for their approval (not to be
unreasonably withheld or delayed).

            3.1.2 The Purchaser will effectuate the OPA through the Stock
Exchange to acquire the Shares at the Purchase Price Per Share. The OPA will be
made to all of the Shareholders of the Company. No later than five (5) Business
Days following the date on which (i) all of the conditions precedent set forth
in Section 8.1 have been satisfied or waived and (ii) the Majority Shareholders
give their written consent, subject to the proviso contained in Section 8.2 (the
"OPA Commencement Date"), the Purchaser shall commence the OPA by presenting to,
and filing with, the Salvadoran Securities Regulator any applications required
under applicable Laws to effectuate the OPA. Terms of the OPA will include,
among other things, (i) an offer by the Purchaser to acquire, in accordance with
applicable Law, up to 100% of the issued and outstanding Shares, and (ii) that
the OPA will remain open for 30 days (or such other period as may be agreed upon
by the Majority Shareholders and the Purchaser). The OPA will be made to all
Shareholders on equal terms, and will be subject to the condition that the
aggregate number of Offered Shares constitutes at least the Minimum Percentage.
The Purchaser shall proceed with the OPA in accordance with applicable Law and
the OPA Documents (which shall require the tendering by the Majority
Shareholders of the Minimum Percentage). The Purchaser expressly reserves the
right to waive any of the conditions to the OPA and to make any change in the
terms of, or conditions to, the OPA; provided, that, except with the prior
written consent of the Majority Shareholders, the Purchaser will not decrease
the Purchase Price Per Share, change the form of consideration to be paid,
decrease the number of Shares sought in the OPA, or impose conditions to the OPA
in addition to those set forth herein. To the fullest extent permitted under
applicable Law, the OPA Documents shall provide that Offered Shares tendered in
the OPA to be settled on the Stock Exchange may not be withdrawn, and
notwithstanding provisions of applicable Law to the contrary, each Majority
Shareholder hereby agrees not to withdraw any such Offered Shares.

      3.2 Restriction on Future Tender Offers. The Purchaser and its Affiliates
shall not, prior to the second anniversary of the Closing Date, effectuate any
public tender offer to acquire Shares for a purchase price that is greater than
the Purchase Price Per Share without the prior written consent of the Majority
Shareholders.

                                   ARTICLE 4
                 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

      In order to induce the Majority Shareholders to enter into this Agreement
and to consummate the transactions contemplated hereby, the Purchaser hereby
represents and warrants to the Majority Shareholders as of the date hereof as
follows:

      4.1 Organization and Standing. The Purchaser is a sociedad anonima duly
organized, validly existing and in good standing under the laws of El Salvador.

                                       13
<PAGE>

      4.2 Authority; Enforceability. The Purchaser has all requisite power and
authority to execute and deliver this Agreement and the other Transaction
Documents to which it is a party, to perform its obligations under this
Agreement and each such Transaction Document, and to consummate the transactions
contemplated by this Agreement and each such Transaction Document. The
execution, delivery and performance by the Purchaser of this Agreement and each
Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby have been duly and validly
authorized by all necessary action on the part of the Purchaser. This Agreement
and each Transaction Document to which the Purchaser is a party is, or upon its
execution and delivery will be, a valid and binding obligation of the Purchaser,
enforceable against the Purchaser in accordance with its terms, except to the
extent enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting the enforcement of creditors'
rights generally and by general equitable principles (the "Bankruptcy and Equity
Exceptions").

      4.3 Non-Contravention. Neither the execution, delivery or performance by
the Purchaser of this Agreement or any Transaction Document to which it is a
party, nor the consummation by the Purchaser of the transactions contemplated
hereby or thereby, nor compliance by the Purchaser with any of the provisions
hereof or thereof will (i) contravene, conflict with or violate any provision of
the Charter Documents of the Purchaser, (ii) contravene, conflict with or
violate any Law, judgment, order, writ, injunction or decree of any Authority,
in each case applicable to the Purchaser or its assets or properties, or (iii)
with or without the passage of time or the giving of notice or both, result in
the breach of, or constitute a default or require any consent under, result in a
change in the rights or obligations of any party under, result in a right of
termination or acceleration, or result in the creation of any Lien upon any
property or assets of the Purchaser pursuant to, any Contract to which the
Purchaser is a party or by which the Purchaser or its properties may be bound or
affected, except in each case where the contravention, violation, conflict,
breach, default, termination or acceleration would not have a material adverse
effect on the ability of the Purchaser to consummate the transactions
contemplated by this Agreement and the other Transaction Documents.

      4.4 Consents and Approvals. Except as set forth on Schedule 4.4, which
includes all Permits, authorizations, notices, approvals and consents on the
part of the Purchaser necessary to effectuate the transactions contemplated
hereby from the Salvadoran Authorities, the Panamanian Superintendence and the
U.S. Regulators (the "Purchaser Consents"), no filing with, and no permit,
authorization, consent or approval of any Authority or any other person on the
part of the Purchaser is necessary for the execution of this Agreement or the
consummation by the Purchaser of the transactions contemplated hereby. The
Purchaser is aware of all requirements necessary to obtain the Purchaser
Consents and, to the Knowledge of the Purchaser, there is no fact, circumstance
or condition that could prevent or materially delay the receipt of any Purchaser
Consent.

      4.5 Brokers. Except for the Purchaser's engagement of UBS AG, the
Purchaser has not employed any broker or finder and has not incurred and will
not incur any broker's, finder's or similar fees, commissions or expenses
payable by the Selling Shareholders, the Company or the Subsidiaries in
connection with the transactions contemplated by this Agreement (other than
those paid or payable solely by the Purchaser).

                                       14
<PAGE>

      4.6 Financial Capacity; Solvency. The Purchaser and its Affiliates, taken
together, have sufficient liquid assets available in an aggregate amount
sufficient to pay all of the consideration payable to the Selling Shareholders
as required by this Agreement, and to make all other necessary payments in
connection with the purchase of the Offered Shares including the payment of all
of its related fees and expenses. Immediately after giving effect to the
transactions contemplated hereby, the Purchaser will not (i) be insolvent
(either because its financial condition is such that the sum of its debts is
greater than the fair value of its assets or because the fair salable value of
its assets is less than the amount required to pay its probable liability on its
existing debts as they mature), (ii) have unreasonably small capital with which
to engage in its business, or (iii) have incurred debts beyond its ability to
pay as they become due.

      4.7 Litigation. There is no Litigation pending or, to the Knowledge of the
Purchaser, threatened against or involving the Purchaser or any of its assets or
properties by or before any Authority that questions the validity of this
Agreement or seeks to prohibit, enjoin or otherwise challenge the consummation
of the transactions contemplated hereby. There are no outstanding orders,
judgments, injunctions, stipulations, awards or decrees of any Authority against
the Purchaser or any of its assets or properties which prohibit or enjoin the
consummation of the transactions contemplated hereby.

      4.8 Information. The Purchaser has conducted its own independent
investigation, review and analysis of the business, operations, assets,
liabilities, results of operations, financial condition, and prospects of the
Company and the Subsidiaries based exclusively on a review of the Disclosed Data
and interviews and discussions with management concerning the business and
operations of the Company and the Subsidiaries, which investigation, review and
analysis was done by the Purchaser and its Affiliates and, to the extent the
Purchaser deemed appropriate, by the Purchaser's financial, legal and other
advisors. The Purchaser acknowledges that it has been (i) provided with adequate
access to the key personnel, properties, premises and records of the Company and
its Subsidiaries, (ii) afforded the opportunity to ask questions and receive
answers concerning the Company and the Subsidiaries and (iii) able to obtain
additional information that it has requested to verify the accuracy of the
information contained herein.

                                    ARTICLE 5
                         REPRESENTATIONS AND WARRANTIES
                          OF THE MAJORITY SHAREHOLDERS

      In order to induce the Purchaser to enter into this Agreement, and to
consummate the transactions contemplated hereby, each Majority Shareholder,
severally and not jointly, represents and warrants to the Purchaser as follows:

      5.1 Existence. If such Majority Shareholder is a corporation, partnership,
trust or other entity, such Majority Shareholder is duly organized, validly
existing and, where relevant, in good standing under the laws of its
jurisdiction of organization. If such Majority Shareholder is a natural person,
such Majority Shareholder is of the full age of majority and are legally
competent to execute and deliver this Agreement.

      5.2 Ownership of Shares. Such Majority Shareholder is the lawful owner of
the Shares set forth opposite such Majority Shareholder's name in Exhibit A,
free and clear of any

                                       15
<PAGE>

Lien (including any restriction on the right to vote, sell or otherwise dispose
of such Shares). Such Majority Shareholder will be the lawful owner of all such
Shares at all times up to and including the Closing Date and, by tendering such
Shares pursuant to the OPA, shall transfer and deliver to the Purchaser valid
title to such Shares free and clear of any Lien and any such limitation or
restriction (other than any Lien created under this Agreement or the other
Transaction Documents). Such Majority Shareholder has not granted to any person
any option or other right to acquire any of its Shares. The Shares, in the
aggregate, owned by the Majority Shareholders constitute as of the date hereof,
and will constitute at all times from the date hereof up to and including the
Closing Date, at least the Minimum Percentage.

      5.3 Authority; Enforceability. Such Majority Shareholder has all requisite
power and authority, and all requisite legal capacity, to execute and deliver
this Agreement and the other Transaction Documents to which it is a party, to
perform its obligations under this Agreement and each such Transaction Document,
and to consummate the transactions contemplated by this Agreement and each such
Transaction Document. The execution, delivery and performance by such Majority
Shareholder of this Agreement and each Transaction Document to which it is a
party and the consummation of the transactions contemplated hereby and thereby
has been duly and validly authorized by all necessary action on the part of such
Majority Shareholder. This Agreement and each Transaction Document to which such
Majority Shareholder is a party is, or upon its execution and delivery will be,
a valid and binding obligation of such Majority Shareholder, enforceable against
it in accordance with its terms, except to the extent enforceability may be
limited by the Bankruptcy and Equity Exceptions.

      5.4 Non-Contravention. Neither the execution, delivery or performance by
such Majority Shareholder of this Agreement or any Transaction Document to which
it is a party, nor the consummation by such Majority Shareholder of the
transactions contemplated hereby or thereby, nor compliance by such Majority
Shareholder with any of the provisions hereof or thereof will (i) contravene,
conflict with or violate any provision of the Charter Documents of such Majority
Shareholder, if applicable, (ii) contravene, conflict with or violate any Law,
judgment, order, writ, injunction or decree of any Authority, in each case
applicable to such Majority Shareholder or such Majority Shareholder's assets or
properties, or (iii) with or without the passage of time or the giving of notice
or both, result in the breach of, or constitute a default or require any consent
under, result in a change in the rights or obligations of any party under,
result in a right of termination or acceleration, or result in the creation of
any Lien upon any property or assets of such Majority Shareholder pursuant to,
any Contract to which such Majority Shareholder is a party or by which such
Majority Shareholder or such Majority Shareholder's properties may be bound or
affected, except in each case where the contravention, violation, conflict,
breach, default, termination or acceleration would not have a material adverse
effect on the ability of such Majority Shareholder to consummate the
transactions contemplated by this Agreement and the other Transaction Documents.

      5.5 Consents and Approvals. Except as set forth on Schedule 5.5, which
contains all Permits, approvals and consents necessary for the Majority
Shareholders to effectuate the transactions contemplated hereby from the
Salvadoran Authorities and the U.S. Regulators (the "Majority Shareholders'
Consents"), no filing with, and no permit, authorization, consent or approval of
any Authority or any other person is necessary for the execution of this
Agreement or the consummation by such Majority Shareholder of the transactions
contemplated hereby.

                                       16
<PAGE>

Such Majority Shareholder is aware of all requirements necessary to obtain the
Majority Shareholders' Consents applicable to such Majority Shareholder and, to
the Knowledge of the Shareholders, there is no fact, circumstance or condition
that could prevent or materially delay the receipt of any Majority Shareholders'
Consent.

      5.6 Brokers. Except for the Company's engagement of Goldman, Sachs & Co.
("GS") and Caoba Capital ("Caoba") and for any transaction fee payable to GS or
Caoba by the Company in connection therewith, such Majority Shareholder has not
employed any broker or finder and has not incurred and will not incur any
broker's, finder's or similar fees, commissions or expenses payable by the
Purchaser, the Company or any of the Subsidiaries in connection with the
transactions contemplated by this Agreement.

      5.7 Litigation. There is no Litigation pending or, to the Knowledge of the
Shareholders, threatened against or involving the Majority Shareholders or any
of their assets or properties by or before any Authority that questions the
validity of this Agreement or seeks to prohibit, enjoin or otherwise challenge
the consummation of the transactions contemplated hereby. There are no
outstanding orders, judgments, injunctions, stipulations, awards or decrees of
any Authority against any of the Majority Shareholders or any of their assets or
properties which prohibit or enjoin the consummation of the transactions
contemplated hereby.

                                    ARTICLE 6
                         REPRESENTATIONS AND WARRANTIES
                           WITH RESPECT TO THE COMPANY

      In order to induce the Purchaser to enter into this Agreement, and to
consummate the transactions contemplated hereby, each of the Company and each
Majority Shareholder, severally and not jointly, represents and warrants to the
Purchaser as follows:

      6.1 Organization and Standing. The Company and each Subsidiary is duly
organized, validly existing and in good standing under the laws of its
jurisdiction of organization.

      6.2 Authority to do Business. The Company and each of the Subsidiaries
have all requisite power and authority to own, lease and operate their
respective properties and to conduct their respective businesses in the manner
now conducted. The Company and each of the Subsidiaries are duly licensed or
qualified to do business as a foreign entity and are in good standing in each
jurisdiction in which the nature of their property and assets or the conduct of
their respective businesses requires them to be so licensed or qualified, except
where the failure to be in good standing or to be duly licensed or qualified to
do business would not, individually or in the aggregate, have a Material Adverse
Effect. Schedule 6.2 sets forth a list of each jurisdiction in which the Company
and each of the Subsidiaries are licensed or qualified to do business as a
foreign entity.

      6.3 Authority; Enforceability. The Company has all requisite power and
authority to execute and deliver this Agreement and the other Transaction
Documents to which it is a party, to perform its obligations under this
Agreement and each such Transaction Document, and to consummate the transactions
contemplated by this Agreement and each such Transaction Document. The
execution, delivery and performance by the Company of this Agreement and

                                       17
<PAGE>

each Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby have been duly and validly
authorized by all necessary action on the part of the Company. This Agreement
and each Transaction Document to which the Company is a party is, or upon its
execution and delivery will be, a valid and binding obligation of the Company,
enforceable against the Company in accordance with its terms, except to the
extent enforceability may be limited by the Bankruptcy and Equity Exceptions.

      6.4 Charter Documents. Copies of the Charter Documents of the Company and
each Subsidiary as in effect on the date hereof have been delivered to the
Purchaser and are complete and correct as of the date hereof.

      6.5 Investments in Other Persons. Except as set forth on Schedule 6.5,
neither the Company nor any of the Subsidiaries has any direct or indirect
equity, profit or voting interest in any other person. Schedule 6.5 sets forth
the name of any such person and the type and amount of the interest owned in
such person by the Company and/or its Subsidiaries.

      6.6 Capitalization of the Company.

            6.6.1 The Company's authorized, issued and outstanding capital stock
is set forth on Schedule 6.6 hereof. All of the issued and outstanding Shares
(i) are duly authorized, validly issued, fully paid and non-assessable, and (ii)
were not issued in violation of the preemptive rights of any person or any
Contract or Law by which the Company at the time of issuance was bound.

            6.6.2 All of the issued and outstanding shares of capital stock of
each of the Subsidiaries (i) are duly authorized, validly issued, fully paid and
non-assessable, and the Company directly or through a Subsidiary owns, free and
clear of any Lien, all of the equity interests of such Subsidiaries (which are
set forth, including the percentage ownership thereof, on Schedule 6.6) and (ii)
were not issued in violation of the preemptive rights of any person or any
Contract or Law by which such Subsidiary at the time of issuance was bound.

            6.6.3 None of the issued and outstanding Shares are owned by the
Company or any Subsidiary. To the knowledge of the Shareholders based upon a
review of the addresses of Shareholders on the stock registry of the Company,
U.S. persons do not hold more than 5.0% of the Shares.

            6.6.4 Since January 25, 2007, the Company has not (i) declared, set
aside, made or paid any dividend or other distribution in respect of its capital
stock (in cash or otherwise), or (ii) issued or authorized the issuance of any
capital stock or other securities in respect of, in lieu of, or in substitution
for, shares of its capital stock.

      6.7 Rights; Warrants or Options; Dividends.

            6.7.1 Except as set forth on Schedule 6.7, (i) there are no
outstanding subscriptions, warrants, options or, except for this Agreement,
other agreements or rights of any kind to purchase or otherwise receive or be
issued, or securities or obligations of any kind convertible into, any shares of
capital stock or any other security of any Subsidiary or the Company, (ii) there
is no Contract of the Company or any Subsidiary or, to the Knowledge of the

                                       18
<PAGE>

Shareholders, any other person to purchase, redeem or otherwise acquire any
outstanding shares of the capital stock of the Company or any Subsidiary, or
securities or obligations of any kind convertible into any shares of the capital
stock of the Company or any Subsidiary (other than this Agreement), (iii) there
are no dividends which have accrued or have been declared but are unpaid on the
capital stock of the Company or any Subsidiary, and (iv) there are no
outstanding or authorized stock appreciation, phantom stock, stock plans, stock
option, or similar rights with respect to the Company or any Subsidiary (the
"Equity Compensation Awards"). The Company and the Subsidiaries do not have
outstanding any bonds, debentures, notes or other obligations, the holders of
which have the right to vote (or which are convertible into or exercisable for
securities having the right to vote) with the shareholders of the Company or any
Subsidiary on any matter. There are no voting trusts, proxies, or other
agreements or understandings with respect to the voting of the Shares or any
capital stock of any Subsidiary. There are no outstanding obligations of the
Company or any Subsidiary to repurchase, redeem or otherwise acquire any
securities of the Company or any Subsidiary.

            6.7.2 With respect to each Equity Compensation Award, Schedule 6.7
contains a correct and complete list of the holder, date of grant, number of
Shares, vesting schedule and, where applicable, exercise price. Each Equity
Compensation Award (i) was granted in compliance with all applicable Laws and
all of the terms and conditions of the stock plans pursuant to which it was
issued, (ii) with respect to options, has an exercise price per Share equal to
or greater than the fair market value of a Share at the close of business on the
date of such grant, (iii) has a grant date identical to the date on which the
Company's board of directors or compensation committee actually awarded such
Company option, and (iv) qualifies for the tax and accounting treatment afforded
to such Company option in the Company's tax returns and the Financial
Statements, respectively.

      6.8 Non-Contravention. Neither the execution, delivery or performance by
the Company of this Agreement or any other Transaction Document to which it is a
party, nor the consummation by the Company of the transactions contemplated
hereby or thereby, nor compliance by the Company with any of the provisions
hereof or thereof will (i) contravene, conflict with or violate any provision of
the Charter Documents of the Company, (ii) contravene, conflict with or violate
any Law, judgment, order, writ, injunction or decree of any Authority applicable
to the Company or its assets or properties, or (iii) with or without the passage
of time or the giving of notice or both, result in the breach of, or constitute
a default or require any consent under, result in a change in the rights or
obligations of any party under, result in a right of termination or
acceleration, or result in the creation of any Lien upon any property or assets
of the Company pursuant to, any Contract to which the Company is a party or by
which such the Company or its properties may be bound or affected, except in
each case where the contravention, violation, conflict, breach, default,
termination or acceleration would not have a material adverse effect on the
ability of the Company to consummate the transactions contemplated by this
Agreement and the other Transaction Documents.

      6.9 Consents and Approvals. Except as set forth on Schedule 6.9, which
contains all Permits, authorizations, notices, approvals and consents necessary
to effectuate the transactions contemplated hereby from the Salvadoran
Authorities and the U.S. Regulators (the "Company Consents"), no filing with,
and no permit, authorization, consent or approval of any Authority or any other
person on the part of the Company is necessary for the execution of this
Agreement or

                                       19
<PAGE>

the consummation by the Company of the transactions contemplated hereby. The
Company is aware of all requirements necessary to obtain the Company Consents
and, to the Knowledge of the Shareholders, there is no fact, circumstance or
condition that could prevent or materially delay the receipt of any Company
Consent.

      6.10 Financial Statements. Schedule 6.10 sets forth the audited
consolidated balance sheets of the Company and the Subsidiaries for the years
ended December 31, 2004, December 31, 2005 and December 31, 2006, and the
related statements of income, stockholders' equity and cash flow for the twelve
months then ended together with the notes and schedules related thereto and
(collectively, the "Financial Statements"). The Financial Statements (x) present
fairly the consolidated financial condition and results of operations, changes
in shareholders' equity and cash flows of the Company and the Subsidiaries as of
their respective dates of, and for, the periods referred to in , such Financial
Statements, (y) have been prepared in compliance in all material respects with
the disclosure requirements under Salvadoran securities Laws and in accordance
with the Accounting Standards consistently applied during the periods presented,
and (z) are derived from the Company's and the Subsidiaries' books and records.

      6.11 No Material Adverse Change; Conduct of Business. Since the Financial
Statement Date, (i) the Company and the Subsidiaries have conducted their
respective businesses in the Ordinary Course of Business and consistent with
Section 7.2 (as if that Section were applied since the Financial Statement
Date), and (ii) there has not been any change or event that, individually or in
the aggregate, has or would be reasonably expected to have a Material Adverse
Change.

      6.12 Undisclosed Liabilities. Except as set forth on Schedule 6.12,
neither the Company nor any Subsidiary has any Liability, nor to the Knowledge
of the Shareholders, are there any facts that could give rise to any Liability,
except for (i) Liabilities reflected or reserved against in the Company's
balance sheet at December 31, 2006, and (ii) current Liabilities incurred in the
Ordinary Course of Business since the Financial Statement Date, and which in the
case of this clause (ii) only, individually or in the aggregate would not
reasonably be expected to have a Material Adverse Effect.

      6.13 Disclosed Data. No information contained in the Disclosed Data
contains any untrue statement of material fact or omits to state a material fact
necessary to make each statement contained therein, in light of the
circumstances in which it was made, not misleading.

      6.14 Tangible Personal Property.

            6.14.1 Except for tangible personal property disposed of in the
Ordinary Course of Business since the Financial Statement Date, the Company and
the Subsidiaries have (i) good and marketable title to all of the material
tangible personal property and assets used in the operation of their respective
businesses and which they own or purport to own as reflected in the Financial
Statements as of the Financial Statement Date, and (ii) valid leasehold
interests in all leases of material tangible personal property which they lease
or purport to lease, in each case free and clear of any Liens other than
Permitted Liens, as reflected in the Financial Statements as of the Financial
Statement Date.

                                       20
<PAGE>

            6.14.2 Each lease for material tangible personal property is in full
force and effect, enforceable in accordance with its terms. To the Knowledge of
the Shareholders, there are no existing defaults, or events which with the
passage of time or the giving of notice, or both, would constitutes a default by
the Company and the Subsidiaries thereunder, or by any other party to any such
lease, except for (i) such defaults and events as to which requisite waivers or
consents have been obtained, or (ii) defaults which, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect.

      6.15 Real Property.

            6.15.1 All real property which is purported to be owned,
beneficially or of record, or operated or reflected as owned in the books and
records of the Company and the Subsidiaries, or leased, subleased or otherwise
occupied by the Company or the Subsidiaries, indicating the nature of its
interests therein (collectively, the "Real Property") is as set forth on
Schedule 6.15. The Company and the Subsidiaries have (i) good and marketable
title to all of the Real Property which they own or purport to own, and (ii)
valid leasehold interests in all leases of Real Property which they lease or
purport to lease, free and clear of any Liens other than Permitted Liens.

            6.15.2 All leases of Real Property are valid, subsisting and in full
force and effect enforceable in accordance with their terms, no notice of
termination has been received by the Company or any Subsidiary with respect
thereto and, to the Knowledge of the Shareholders, there are no existing
defaults, or events which with the passage of time or the giving of notice, or
both, would constitute defaults by the Company and the Subsidiaries thereunder,
except for (i) such defaults and events as to which requisite waivers or
consents have been obtained, and (ii) defaults which, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect.

            6.15.3 The buildings, plants, structures and equipment of the
Company and the Subsidiaries are sufficient for the continued conduct of the
business of the Company and the Subsidiaries after the Closing in substantially
the same manner conducted prior to the Closing.

      6.16 Condition of Assets. The buildings, plants, structures and equipment
of the Company and the Subsidiaries are structurally sound, are in good
operating condition and repair, and are adequate for the uses to which they are
being put, and none of such buildings, plants, structures or equipment is in
need of maintenance or repairs except for ordinary, routine maintenance and
repairs that are not material in nature or cost.

      6.17 Insurance. The Company and the Subsidiaries have currently in effect
insurance policies insuring the products, properties, assets, business and
operations of the Company and the Subsidiaries and their potential Liabilities
to third parties, and general liability policies customary for persons operating
in the businesses and in the jurisdictions in which the Company and its
Subsidiaries operate. Such policies are identified on Schedule 6.17 hereto, and
all such policies (i) are in full force and effect, (ii) are sufficient for
compliance with all requirements of applicable Law to which the Company or any
Subsidiary is subject, (iii) are valid and enforceable, and (iv) insure against
risks of the kind customarily insured against and in amounts customarily carried
by similarly situated businesses. All such policies are, and on the Closing Date
will be, in full force and effect and all premiums due and payable in respect
thereof have

                                       21
<PAGE>

been paid. Since the respective dates of such policies, no notice of
cancellation or non-renewal with respect to any such policy has been received by
the Company or any Subsidiary.

      6.18 Labor Relations. Except as set forth on Schedule 6.18, the Company
and the Subsidiaries have not, nor have they ever been, a party to or otherwise
bound by any labor or collective bargaining agreement. Except as set forth on
Schedule 6.18, as of the date hereof (i) to the Knowledge of the Shareholders,
neither the Company nor any Subsidiary is, or has within the past two years
been, involved in or threatened with any labor dispute, strike, slowdown, work
stoppage, grievance, unfair labor practice charge, arbitration, suit or
administrative proceeding relating to labor matters involving its employees,
officers and directors, (ii) there is no Litigation pending or, to the Knowledge
of the Shareholders, threatened against the Company or any of the Subsidiaries
under any Law relating to employment, including any provisions thereof relating
to wages, hours, collective bargaining, withholding or the payment of social
security or Taxes, and (iii) none of the Company of any of the Subsidiaries has
conducted negotiations with respect to any future contract with or commitment to
any labor union or association and, to the Knowledge of the Shareholders, there
are no current or threatened attempts to organize or establish any labor union
or employee association with respect to the Company or any Subsidiary.

      6.19 Permits. To the Knowledge of the Shareholders, the Company and the
Subsidiaries hold and are in compliance with all Permits, except where the
failure to hold any such Permit or to comply with any such Permit could not
reasonably be expected to have a Material Adverse Change. A list of all material
Permits is set forth on Schedule 6.19.

      6.20 Compliance With Laws.

            6.20.1 The Company and the Subsidiaries are, and have been since
January 1, 2003, in compliance in all material respects with all requirements of
applicable Laws (including all applicable rules and regulations of the
Salvadoran Superintendence).

            6.20.2 The Company and the Subsidiaries have timely filed all
material reports, registrations, applications and statements that are required
to be filed by them with any Authority (the "Regulatory Reports"). As of its
filing date, each Regulatory Report complied or, if filed subsequent to the date
hereof, at the time of filing will comply, in all material respects with the
requirements of applicable Law.

            6.20.3 There are no pending, or to the Knowledge of the
Shareholders, threatened investigations or proceedings of any Authority against
the Company or any Subsidiary, which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

      6.21 Litigation. Schedule 6.21 sets forth a list of all Litigation pending
or, to the Knowledge of the Shareholders, threatened against the Company or any
Subsidiary, or any of their assets or properties, or any of the officers or
directors of the Company or any Subsidiary in such capacities by or before any
Authority which, if adversely determined, would have or be reasonably expected
to have, individually or in the aggregate, a Material Adverse Effect. There are
no outstanding orders, judgments, injunctions, stipulations, awards or decrees
of any Authority against the Company or any Subsidiary, or any of their assets
or properties, which prohibit or enjoin the consummation of the transactions
contemplated hereby.

                                       22
<PAGE>

      6.22 Banagricola Shares and BESI Shares. (a) The Company and its
Subsidiaries, collectively, are the lawful owners of at least 1,810,049 shares
of common stock of Banagricola (the "Banagricola Shares"), free and clear of any
Lien (including any restriction on the right to vote, sell or otherwise dispose
of such Shares). The Company and its Subsidiaries, as applicable, will be the
lawful owner of the Banagricola Shares at all times up to and including the
Closing Date. None of the Company or its Subsidiaries has not granted to any
person any option or other right to acquire any of the Banagricola Shares. The
Company and its Subsidiaries have not sold or encumbered any Banagricola Shares
since December 21, 2006.

      (b) The Company is the lawful owner of the BESI Shares, free and clear of
any Lien (including any restriction on the right to vote, sell or otherwise
dispose of such Shares). The Company will be the lawful owner of the BESI Shares
at all times up to and including the Closing Date or the date of transfer of the
BESI Shares to the Purchaser, as the case may be. The Company has not granted to
any person any option or other right to acquire any of the BESI Shares. The
Company have not sold or encumbered any BESI Shares since December 21, 2006.

      6.23 List of Personnel. Schedule 6.23 sets forth (i) the name and total
compensation of each officer and each director of the Company and the
Subsidiaries subject to a written employment or other compensation agreement and
each other employee of the Company and the Subsidiaries whose total compensation
for the twelve months ended December 31, 2006, exceeded $100,000, and (ii) all
wage or salary increases or bonuses received by such persons since December 31,
2006, and any accrual for such increases or bonuses.

      6.24 Employee Benefit Plans. Except as set forth in Schedule 6.24, the
Company does not have any Employee Benefit Plans in effect, except as required
by Law. Schedule 6.24 lists all Employee Benefit Plans in effect as of the date
hereof that the Company or any Subsidiary maintains, to which it contributes or
for which it could have any Liability.

            6.24.1 Each Employee Benefit Plan (and each related trust, insurance
contract or fund) is in substantial compliance in form and, to the Knowledge of
the Shareholders, is in conformity in all material respects with the
requirements of applicable Law (including ERISA and the Code). Each Employee
Benefit Plan intended to be qualified under Section 401(a) of the Code has
received a favorable determination letter from the IRS covering all tax law
changes prior to the Economic Growth and Tax Relief Reconciliation Act of 2001
or has applied to the IRS for such favorable determination letter within the
applicable remedial amendment period under Section 401(b) of the Code, and the
Majority Shareholders are not aware of any circumstances likely to result in the
loss of the qualification of such plan under Section 401(a) of the Code. The
Company and each of the Subsidiaries is in substantial compliance in all
material respects with all Laws applicable to its employment practices, and each
Employee Benefit Plan has been maintained in substantial compliance with its
terms.

            6.24.2 (i) All contributions, premium payments and other payments
required to be made in connection with the Employee Benefit Plans have been
made, (ii) a proper accrual has been made on the books of the Company or the
Subsidiaries, as the case may be, for all contributions, premium payments and
other payments due under any Employee Benefit Plan in the current fiscal year
but not made as of the date of this Agreement, (iii) no contribution, premium
payment or other payment has been made in support of any Employee Benefit Plan
that

                                       23
<PAGE>

is in excess of the allowable deduction for the applicable federal income Tax
purposes for the year with respect to which the contribution was made, (iv) with
respect to each Employee Benefit Plan that is subject to Section 301 et seq. of
ERISA or Section 412 of the Code, the Company is not liable for any "accumulated
funding deficiency" as that term is defined in Section 412 of the Code, (v) the
projected benefit obligations determined under the Accounting Standards as of
the date of this Agreement do not exceed the fair market value of the assets of
any Employee Benefit Plan which is funded in whole or in part, (vi) to the
Knowledge of the Shareholders, neither the Company nor any of the Subsidiaries
has engaged in a transaction with respect to any Employee Benefit Plan that,
assuming the taxable period of such transaction expired as of the date hereof,
could subject the Company or any Subsidiary to a Tax or penalty imposed by
either Section 4975 of the Code or Section 502(i) of ERISA in an amount which
would be material, and (vii) neither the Company, any of the Subsidiaries nor
any entity which is considered one employer with the Company under Section 4001
of ERISA or Section 414 of the Code (x) maintains or contributes to, is or could
be obligated to maintain or maintain or contribute to, or has within the past
six years maintained or contributed to a defined benefit pension plan maintained
by any of them that is subject to Subtitles C or D of Title IV of ERISA or any
other applicable Law or (y) maintains or has an obligation to contribute to or
has within the past six years maintained or had an obligation to contribute to a
multiemployer plan.

            6.24.3 No Litigation is pending or, to the Knowledge of the
Shareholders, threatened with regard to any Employee Benefit Plan other than
routine claims for benefits. No Employee Benefit Plan is currently under
examination or audit by any Authority. Neither the Company nor any of the
Subsidiaries has any obligations for retiree health and life benefits under any
Employee Benefit Plan or collective bargaining agreement.

            6.24.4 There has been no amendment to, announcement by the Company
or any of the Subsidiaries relating to, or change in employee participation or
coverage under, any Employee Benefit Plan which would increase materially the
expense of maintaining such plan above the level of the expense incurred
therefor for the most recent fiscal year. Except as set forth on Schedule 6.24,
neither the execution of this Agreement nor the consummation of the transactions
contemplated by this Agreement will (i) cause any Employee Benefit Plan to
increase benefits payable to any participant or beneficiary, (ii) entitle any
current or former employee of the Company or any Subsidiary to severance pay,
unemployment compensation or any other payment, benefit or award, (iii)
accelerate or modify the time of payment, funding or vesting, or increase the
amount of any benefit, award or compensation due any such employee, or (iv)
limit or restrict the right of the Company or any Subsidiary to merge, amend or
terminate any of the Employee Benefit Plans.

      6.25 Tax Matters.

            6.25.1 The Company and the Subsidiaries have filed all Returns
required to be filed and, when due, have duly paid all relevant Taxes due to all
applicable Authorities (collectively, "Taxing Authorities"). All Taxes
applicable to all periods prior to the Closing Date shall have been paid or
fully reserved against in the Financial Statements of the Company and the
Subsidiaries in accordance with Accounting Standards (taking into account any
extensions granted prior to the date hereof). All Taxes that are required to be
withheld or collected by the Company and the Subsidiaries have been duly
withheld or collected and, to the extent required,

                                       24
<PAGE>

have been paid to the proper Taxing Authorities or properly segregated or
deposited as required by applicable Laws. The basis of any depreciable assets
and the methods used in determining allowable depreciation (including cost
recovery) of the Company and the Subsidiaries are correct and in compliance with
all applicable Laws and any regulations promulgated thereunder.

            6.25.2 Except as set forth in Schedule 6.21, no Litigation is
pending or, to the Knowledge of the Shareholders, threatened in respect of any
Taxes for which the Company and the Subsidiaries are or may become liable, nor
has any deficiency or claim for any such Taxes been proposed, asserted or, to
the Knowledge of the Shareholders, threatened.

            6.25.3 All Taxes of the Company and the Subsidiaries that will be
due and payable for any period ending on or ending prior to the Closing Date,
will have been paid by or on behalf of the Company or will be reflected, in a
manner consistent with past practice, on the Company's books as an accrued Tax
liability, either current or deferred.

            6.25.4 There are no Liens for Taxes upon any assets of the Company
or the Subsidiaries, except Liens for Taxes not yet due.

            6.25.5 Except as set forth on Schedule 6.25, no deficiency for any
Taxes has been asserted or assessed against the Company or any Subsidiary that
has not been resolved and paid in full. No waiver, extension or comparable
consent given by the Company or any Subsidiary regarding the application of the
statute of limitations with respect to any Taxes or Returns is outstanding, nor
is any request for any such waiver or consent pending.

            6.25.6 Neither the Company nor any Subsidiary has requested any
extension of time within which to file any Return, which Return has not since
been filed, or which additional extensions have been granted.

            6.25.7 Neither the Company nor any Subsidiary is a party to a Tax
sharing agreement. Neither the Company nor any Subsidiary has any liability (by
law or contract) for Taxes imposed on any other person.

      6.26 Environmental Matters.

            6.26.1 The Property is used and operated presently, and at all times
has been used and operated, in compliance with all applicable Environmental
Laws.

            6.26.2 Each of the Company and the Subsidiaries has obtained all
applicable authorizations from all Authorities relating to the Environmental
Laws necessary for operation of the Company's and the Subsidiaries' respective
businesses. The Company and each of the Subsidiaries have filed all reports and
notifications required to be filed under and pursuant to all applicable
Environmental Laws.

            6.26.3 No notice from any Authority has been received by the Company
or any Subsidiary claiming that any aspect of the business, operations or
facilities of the Company or any Subsidiary is in violation of any Environmental
Law, or that the Company or any Subsidiary is responsible for the clean up or
remediation of any Hazardous Materials at any location.

                                       25
<PAGE>

            6.26.4 The Company and each Subsidiary have timely filed all reports
and notifications required to be filed by it with respect to its properties and
facilities and has generated and maintained all required records and data under
all applicable Environmental Laws.

            6.26.5 No Lien has been attached or filed against the Company or any
Subsidiary in favor of any person for (i) any liability under or violation of
any applicable Environmental Law, (ii) any Release of Hazardous Materials or
(iii) any imposition of Environmental Costs.

      6.27 Intellectual Property.

            6.27.1 Schedule 6.27 sets forth a list of all trademarks, service
marks, pending trademark or service mark applications and trade names licensed
to, applied for or registered in the name of the Company or any Subsidiary, or
in which the Company or any Subsidiary has, or purports to have, any rights
(excluding off-the-shelf software license agreements), and all material
copyright registrations or pending applications for registrations of the Company
or any Subsidiary, or in which the Company or any Subsidiary has, or purports to
have, any rights, including the nature (e.g., patent, trademark, etc.) of the
intellectual property, the application or registration number, the jurisdiction
and the record owner (the "Listed Intellectual Property"). Except as set forth
on Schedule 6.27, with respect to the Listed Intellectual Property, no
registration relating thereto (if any) has lapsed, expired or been abandoned or
canceled or, to the Knowledge of the Shareholders, is the subject of
cancellation proceedings. The Company and the Subsidiaries own or possess
adequate and enforceable licenses to use all Listed Intellectual Property and
any other material intellectual property rights (including drawings, trade
secrets, know-how and confidential information) currently used by the Company or
any Subsidiary, or necessary to permit the Company or any Subsidiary to conduct
their respective businesses as now conducted (the Listed Intellectual Property
and the other intellectual property rights are collectively called the
"Intellectual Property").

            6.27.2 The Company owns all right, title and interest in the Owned
Intellectual Property Rights free and clear of all Liens (including royalty or
other payments). All Owned Intellectual Property Rights are valid and
enforceable, and, the Company has not received any notice from any person
asserting, that any Owned Intellectual Property Right is invalid or not
enforceable. To the Knowledge of the Company, no Owned Intellectual Property
Right is infringed by any person. The Company or a Subsidiary owns all
Intellectual Property Rights developed by its current and former employees and
independent contractors during the period of their employment or within the
scope of their contracting or consulting relationship, as the case may be, with
the Company or any Subsidiary. No employee or former employee or independent
contractor of the Company or any Subsidiary has any claim with respect to any
Intellectual Property Right of the Company.

            6.27.3 There is no breach, anticipated breach or default by any
other party to any Intellectual Property license. All rights under each
Intellectual Property license will be fully available to the Company or a
Subsidiary after the Closing.

            6.27.4 Each of the Company and the Subsidiaries has the right to use
the software currently used in its business as it is presently being used,
without any conflict with the rights of others. None of the Company or any
Subsidiary is in breach of any license to, or license of, any

                                       26
<PAGE>

software. The Company and its Subsidiaries do not use, rely on or contract with
any person to provide services bureau, outsourcing or other computer processing
services to the Company or any Subsidiary, in lieu of or in addition to their
respective use of the software. Following the Closing, the Company and each of
the Subsidiaries will have sufficient rights to all necessary software to
operate its business as it is currently being conducted.

      6.28 Transactions With Affiliates. Except as set forth on Schedule 6.28
and except for normal advances to employees consistent with past practices,
payment of compensation for employment to employees consistent with past
practices, and participation in Employee Benefit Plans by employees, neither the
Company nor any Subsidiary, on the one hand, has (i) purchased, acquired or
leased any property or services from, (ii) sold, transferred or leased any
property or services to, (iii) loaned or advanced any money to (other than in
the Ordinary Course of Business and on an arm's-length basis in compliance with
Applicable Law), (iv) borrowed any money from or (v) entered into, or been
subject to, any management, consulting or similar agreement with, any officer or
director of the Company or any Subsidiary, the Majority Shareholders or any of
their respective Affiliates (including Banagricola), on the other hand. Except
as set forth on Schedule 6.28, no Affiliate of the Company or any Subsidiary is
indebted to the Company or any Subsidiary for money borrowed or other loans or
advances, nor is the Company or any Subsidiary indebted to any such Affiliate.

      6.29 Powers of Attorney. Except as set forth on Schedule 6.29, to the
Knowledge of the Shareholders, neither the Company nor any Subsidiary has
granted any power of attorney to any person for any purpose whatsoever, which
power of attorney is currently in force.

      6.30 Material Contracts. Schedule 6.30 sets forth a complete and accurate
list of the following Contracts to which the Company or any of the Subsidiaries
is a party or to which the Company or any of the Subsidiaries or any of their
respective properties is subject or by which any of the foregoing are bound
(each such Contract, a "Material Contract"):

                  (i) any Contract that provides for fees or other payments in
      excess of $50,000 per annum;

                  (ii) any Contract that contains an "exclusivity" clause (that
      is, obligates the Company or any of the Subsidiaries to conduct business
      with another party on an exclusive basis or restricts the ability of the
      Company or any of the Subsidiaries to conduct business with any person) or
      that contains a non-competition or non-solicitation provision or otherwise
      limits or purports to limit the manner in which, the duration for which or
      the localities in which its business is or could be conducted or the types
      of business that it conducts or may conduct;

                  (iii) the 50 largest Loans (by outstanding principal) made by
      the Company or any of the Subsidiaries;

                  (iv) any Contract relating to the provision of data processing
      network communication or other technical services to or by the Company or
      any of the Subsidiaries that provides for fees or other payments in excess
      of $50,000 per annum;

                                       27
<PAGE>

                  (v) any Contract with a term beyond the Closing Date under
      which the Company or any of the Subsidiaries created, incurred, assumed,
      or guaranteed (or may create, incur, assume, or guarantee) indebtedness
      for borrowed money (including capitalized lease obligations), other than
      Contracts pertaining to fully-secured repurchase agreements, trade
      payables, deposit liabilities and borrowings or guarantees made in the
      Ordinary Course of Business;

                  (vi) any Contract with respect to the employment of, or
      payment to, any present or former directors, officers, employees or
      consultants;

                  (vii) any Contract involving the purchase or sale of a
      material amount of assets outside the Ordinary Course Of Business
      (including by way of merger, consolidation, purchase of assets or
      otherwise) with a book value greater than $75,000; and

                  (viii) any Contract involving a capital expenditure in excess
      of $250,000 in the aggregate.

      Except as set forth on Schedule 6.30, all of the Material Contracts are
valid and binding and in full force and effect with respect to the Company or
the Subsidiaries, as the case may be and to the Knowledge of the Shareholders
with respect to all other parties thereto, and there are no defaults thereunder
or events which with notice or the passage of time would constitute a default by
the Company or any Subsidiary that is a party thereto, or to the Knowledge of
the Shareholders any other party thereto, except for (i) such defaults as to
which requisite waivers or consents have been obtained, and (ii) defaults which,
individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.

      6.31 No Immunity. Neither the Company nor any of its properties has any
immunity on the ground of sovereignty or otherwise from the jurisdiction of any
Authority or from any legal process (whether through service or notice,
attachment prior to judgment, attachment in aid of execution, execution or
otherwise) under any applicable Laws in respect of the obligations of the
Company under this Agreement or from the execution or enforcement of any
judgment resulting therefrom.

      6.32 Improper Payments; etc. To the Knowledge of the Shareholders, neither
the Company nor any of the Subsidiaries, nor any other person acting on behalf
of the Company or any of the Subsidiaries has used any corporate or other funds
for unlawful contributions, gifts or entertainment, or has made any unlawful
expenditures relating to political activity of any governmental officials, or
established or maintained any unlawful funds.

      6.33 Accounting Controls. The Company and each of the Subsidiaries have
devised and maintained systems of internal accounting controls sufficient to
provide reasonable assurances that (i) all material transactions are executed in
accordance with management's general or specific authorization, (ii) all
material transactions are recorded as necessary to permit the preparation of
financial statements in conformity with generally accepted accounting principles
consistently applied with respect to any criteria applicable to such statements,
(iii) access to the material property and assets of the Company and the
Subsidiaries is permitted

                                       28
<PAGE>

only in accordance with management's general or specific authorization, and (iv)
the recorded accountability for items is compared with the actual levels at
reasonable intervals and appropriate action is taken with respect to any
differences.

      6.34 Risk Management; Allowance for Loan Losses.

            6.34.1 All swaps, caps, floors, option agreements, futures, forward
contracts and other similar risk management arrangements, whether entered into
for the Company's own account, or for the account of one or more of the
Subsidiaries or their customers (each a "Risk Management Contract"), were
entered into (i) in accordance with prudent business practices and all
applicable Laws and (ii) with counterparties believed to be financially
responsible at the time; and each of them constitutes the valid and legally
binding obligation of the Company or one of the Subsidiaries, enforceable in
accordance with its terms, and is in full force and effect, except to the extent
enforceability may be limited by the Bankruptcy and Equity Exceptions. Neither
the Company nor any of the Subsidiaries, nor to the Knowledge of the
Shareholders, any other party thereto, is in breach of any of its obligations
under any Risk Management Contract.

      6.35 Sufficiency of Assets. Immediately following the Closing, the Company
and its Subsidiaries will own, lease or otherwise have rights to assets,
tangible and intangible rights and services, sufficient to operate the Company's
and each Subsidiary's business in the manner presently operated by each such
entity.

      6.36 Brokers. Except for the Company's engagement of GS and Caoba and for
any transaction fee payable to GS or Caoba in connection therewith, the Company
and the Subsidiaries have not employed any broker or finder and have not
incurred and will not incur any broker's, finder's or similar fees, commissions
or expenses payable by the Company or the Purchaser in connection with the
transactions contemplated by this Agreement.

      6.37 Books and Records. The books and records of the Company and the
Subsidiaries have been, and are being, maintained in all material respects in
the Ordinary Course of Business and in accordance with the Accounting Standards
and any other applicable legal and accounting requirements.

      6.38 Loans to Banagricola Shareholders.

            6.38.1 Schedule 6.38.1 contains a list of all Loans made to
shareholders of Banagricola by the Company and its Subsidiaries ("Banagricola
Loans").

            6.38.2 Upon the consummation of the Banagricola OPA, all Banagricola
Loans granted to shareholders of Banagricola that tender their shares in the
Banagricola OPA will be paid in full per the terms of the documentation for any
such Loans and through a mechanism to be established by the Company for such
purpose.

                                    ARTICLE 7
                              PRE-CLOSING COVENANTS

      7.1 Conduct of Business. During the period from the date hereof to the
Closing Date, the Majority Shareholders will cause the Company and the
Subsidiaries to, and the Company and

                                       29
<PAGE>

each Subsidiary will, continue to conduct their respective business affairs in
the Ordinary Course of Business, in compliance with applicable Law and
consistent with Section 7.2.

      7.2 Pre-Closing Activities. Except in the Ordinary Course of Business or
as otherwise permitted, contemplated or required by this Agreement, prior to the
Closing Date, the Majority Shareholders shall not, and shall cause the Company
and the Subsidiaries to not, and the Company and each Subsidiary will not, take
any of the following actions, without the written consent of the Purchaser which
shall not be unreasonably withheld:

            7.2.1 sell, lease, assign, transfer or otherwise dispose of any
property or asset (i) having a book value in excess of $35,000 individually or
$125,000 in the aggregate, or (ii) outside the Ordinary Course of Business;

            7.2.2 enter into any Contract with any Related Person that is
outside of the Ordinary Course of Business and on less than arms' length terms
without providing notice thereof to the Purchaser;

            7.2.3 (i) create, incur, assume, guarantee or otherwise become
liable or obligated with respect to any indebtedness, or renew existing loans or
credit facilities, or make any loan or advance to, or any investment in, any
person, or (ii) forgive or cancel any material indebtedness or contractual
obligation other than in the Ordinary Course of Business;

            7.2.4 except as otherwise required by applicable Law, change in any
material respect the accounting methods or practices followed by the Company and
the Subsidiaries;

            7.2.5 amend or modify in any way the Charter Documents of the
Company and the Subsidiaries;

            7.2.6 (i) alter its outstanding capital stock, or declare, set
aside, make or pay any dividend or other distribution in respect of its capital
stock (in cash or otherwise), or purchase or redeem any shares of its capital
stock or the capital stock of the Subsidiaries, or (ii) split, combine or
reclassify any of its capital stock or issue or authorize the issuance of any
capital stock or other securities in respect of, in lieu of, or in substitution
for, shares of its capital stock;

            7.2.7 enter into any new line of business or terminate any of the
existing lines of business;

            7.2.8 materially change the credit, risk management, actuarial,
reserve or claims administration policies or procedures or underwriting
standards of the Company or any of the Subsidiaries, except as required by any
Authority or under applicable Law; provided, that the Company shall promptly
provide written notice of any such material change to the Purchaser;

            7.2.9 create or otherwise incur any Lien on any material asset other
than in the Ordinary Course of Business;

            7.2.10 (i) grant or provide any severance or termination payments or
benefits to any director, officer or employee of the Company or any of the
Subsidiaries, except, in the case of employees who are not officers, in the
Ordinary Course of Business as disclosed by the

                                       30
<PAGE>

Company prior to the date hereof, (ii) increase the compensation, bonus or
pension, welfare, severance or other benefits of, pay any bonus to, or make any
new equity awards to any director, officer or employee of the Company or any of
the Subsidiaries, except for increases in base salary in the Ordinary Course of
Business for employees who are not officers, (iii) establish, adopt, amend or
terminate any Employee Benefit Plan or amend the terms of any outstanding
equity-based awards, (iv) take any action to accelerate the vesting or payment,
or fund or in any other way secure the payment, of compensation or benefits
under any Employee Benefit Plan, (v) change any actuarial or other assumptions
used to calculate funding obligations with respect to any Employee Benefit Plan
or to change the manner in which contributions to such plans are made or the
basis on which such contributions are determined, except as may be required by
the Accounting Standards, or (vi) forgive any loans to directors, officers or
employees of the Company or any of the Subsidiaries;

            7.2.11 acquire or agree to acquire by merging or consolidating with,
or by purchasing any portion of the capital stock, partnership interests or
assets of, or by any other manner, any business or any person (other than the
Company or any Subsidiary);

            7.2.12 settle any claim, action or proceeding, except for any claim,
action or proceeding involving solely money damages in an amount, individually
and in the aggregate for all such settlements, not more than $75,000 and that
would not reasonably be expected to establish an adverse precedent or basis for
subsequent settlements or require material changes in business practices;

            7.2.13 enter into any agreement with any labor union or association
representing any employee; or

            7.2.14 enter into any agreement or commitment to do any of the
foregoing.

      7.3 Efforts to Consummate. Subject to the terms and conditions of this
Agreement, each party hereto shall use commercially reasonable efforts to take
or cause to be taken all actions, and do or cause to be done all things required
under applicable Law, in order to consummate the transactions contemplated
hereby, including, (i) obtaining all permits, authorizations, consents and
approvals of any Authority or other person which are required for or in
connection with the consummation of the transactions contemplated hereby and by
the other Transaction Documents, (ii) taking any and all reasonable actions
necessary to satisfy all of the conditions to such party's obligations hereunder
as set forth in Article 8, and (iii) executing and delivering all agreements and
documents required by the terms hereof to be executed and delivered by such
party on or prior to the OPA Commencement Date or the Closing, as the case may
be.

      7.4 Confidentiality; Access.

            7.4.1 Unless and until the transactions contemplated hereby have
been consummated, the Purchaser will, and will ensure that its representatives
will, hold in strict confidence and not use in any way except in connection with
the consummation of the transactions contemplated hereby, all confidential
information obtained in connection, with the

                                       31
<PAGE>

transactions contemplated hereby from the Majority Shareholders or from any of
their representatives.

            7.4.2 Upon reasonable notice and subject to applicable Laws relating
to the exchange of information, the Majority Shareholders shall afford the
Purchaser and its officers, employees, counsel, accountants and other authorized
representatives, such access during normal business hours throughout the period
prior to the Closing Date to the books, records (including credit files, Tax
returns and work papers of independent auditors), properties, personnel of the
Company and the Subsidiaries and to such other information as it may reasonably
request and, during such period, the Majority Shareholders shall furnish
promptly a copy of each material monthly, quarterly or annual report, schedule
and other document filed by it pursuant to the requirements of federal or state
securities or banking laws.

            7.4.3 Subject to requirements of applicable Law, the Company shall
permit a representative or representatives of the Purchaser to observe any
meetings of the board of directors of the Company or any Subsidiary, any
committees thereof, any internal meetings of any management committees of the
Company or any of the Subsidiaries, and any meetings of management personnel
with respect to material strategic issues or topics. To the extent practicable,
the Company and the Subsidiaries shall give reasonable notice of any such
meetings to the Purchaser.

            7.4.4 No investigation by either party of the business and affairs
of the other shall affect or be deemed to modify or waive any representation,
warranty, covenant or agreement in this Agreement, or the conditions to either
party's obligation to consummate the transactions contemplated by this
Agreement.

            7.4.5 Promptly following the date hereof, the Majority Shareholders
shall use their reasonable best efforts to cause any person to whom they or the
Company have provided documents, data or other materials relating to the Company
or the Subsidiaries in connection with the consideration of any business
combination involving the Company or the Subsidiaries to return or destroy any
such documents, files, data or other materials.

      7.5 No Proxies for or Encumbrances on Shares; Voting. Except as set forth
in this Agreement and the other Transaction Documents and except with the prior
written consent of the Purchaser, no Majority Shareholder shall, directly or
indirectly, from the date hereof until the Closing Date (i) grant any proxies or
enter into any voting trust or other agreement or arrangement with respect to
the voting of any of the Shares held by such Majority Shareholder or (ii)
acquire, sell, assign, transfer, encumber or otherwise dispose of, or enter into
any Contract, option or other arrangement or understanding with respect to the
direct or indirect acquisition or sale, assignment, transfer, encumbrance or
other disposition of, any of such Shares or any interest therein. No Majority
Shareholder shall seek or solicit any such acquisition or sale, assignment,
transfer, encumbrance or other disposition or any such Contract, option or other
arrangement or understanding. Each Majority Shareholder agrees to notify the
Purchaser promptly and to provide all details requested by the Purchaser if such
Majority Shareholder is approached or solicited, directly or indirectly, by any
person with respect to any of the foregoing. Until the Closing Date, each
Majority Shareholder shall exercise his, her or its voting authority with
respect to its Shares in a manner consistent with the terms of this Agreement.

                                       32
<PAGE>

      7.6 No Proxies for or Encumbrances on Banagricola Shares; Voting.

            7.6.1 Except with the prior written consent of the Purchaser, the
Company and its Subsidiaries shall not, directly or indirectly, from the date
hereof until the Closing Date (i) grant any proxies or enter into any voting
trust or other agreement or arrangement with respect to the voting of any of the
Banagricola Shares held by the Company or its Subsidiaries or (ii) acquire,
sell, assign, transfer, encumber or otherwise dispose of, or enter into any
Contract, option or other arrangement or understanding with respect to the
direct or indirect acquisition or sale, assignment, transfer, encumbrance or
other disposition of, any of the Banagricola Shares or any interest therein. The
Company and its Subsidiaries shall not seek or solicit any such acquisition or
sale, assignment, transfer, encumbrance or other disposition or any such
Contract, option or other arrangement or understanding. The Company agrees to
notify the Purchaser promptly and to provide all details requested by the
Purchaser if the Company or its Subsidiaries are approached or solicited,
directly or indirectly, by any person with respect to any of the foregoing.
Until the Closing Date, the Company shall exercise its voting authority with
respect to its Banagricola Shares in a manner consistent with the terms of this
Agreement.

            7.6.2 The Company and its Subsidiaries shall not tender the
Banagricola Shares in the Banagricola OPA unless this Agreement is terminated in
accordance with its terms.

            7.6.3 Following the consummation of the Banagricola OPA, the Company
and its Subsidiaries will vote the Banagricola Shares only in accordance with
instructions from the Purchaser.

      7.7 Preparation for Asset Sales. Upon the request of the Purchaser, the
Company shall use its commercially reasonable efforts to prepare for the sale of
the Specified Assets, and to cooperate with the Purchaser in connection with the
Purchaser's efforts to arrange a sale of such assets; provided, however, that
the Company shall not be obligated to consummate any such sale of assets (i)
unless and until the Company shall be satisfied that the conditions to the
obligation of the parties to consummate the OPA will be satisfied or waived on
or before the Closing Date.

                                    ARTICLE 8
                              CONDITIONS TO THE OPA

      8.1 Conditions to the Purchaser's Obligations. The obligations of the
Purchaser to commence the OPA are subject to the satisfaction on or prior to the
OPA Commencement Date of each and every one of the following conditions
precedent, any one or more of which may be waived by the Purchaser:

            8.1.1 There shall not be in force any injunction, judgment, order,
decree or ruling by or before any Authority of competent jurisdiction
restraining, enjoining, prohibiting, invalidating or otherwise preventing the
consummation of the transactions contemplated hereby. No action, suit, claim or
proceeding shall be pending before any Authority which seeks to prohibit or
enjoin the consummation of the transactions contemplated hereby. No Law shall
have been enacted, promulgated or enforced by any Authority which prohibits or
makes illegal the consummation of the transactions contemplated hereby.

                                       33
<PAGE>

            8.1.2 The Purchaser shall have received a certificate of the
secretary or a duly authorized officer of the Company and any Majority
Shareholder which is not a natural person as to the incumbency and signatures of
the officers of any such Majority Shareholder executing this Agreement or, in
the alternative, copy of the powers of attorney for the officers of the Company
or any such Majority Shareholder executing this Agreement.

            8.1.3 All Purchaser Consents and Company Consents (i) shall have
been duly obtained, made or given, (ii) shall be in form and substance
reasonably satisfactory to the Purchaser, (iii) shall not be subject to the
satisfaction of any condition that has not been satisfied or waived, and (iv)
shall be in full force and effect and not revoked.

            8.1.4 (i) Each of the representations and warranties made by the
Majority Shareholders and the Company in this Agreement shall be true and
correct in all material respects as of the date of this Agreement and as of the
OPA Commencement Date, (ii) the Majority Shareholders and the Company shall have
complied in all material respects with all of the covenants set forth herein
from the date of this Agreement until the OPA Commencement Date, and (iii) the
Purchaser shall have received a certificate from the Majority Shareholders to
such effect.

            8.1.5 If the Purchaser has complied with its obligations under the
Escrow Agreement, Shares deposited with the Escrow Agent by the Majority
Shareholders shall meet or exceed the Minimum Percentage.

            8.1.6 The Company and its Subsidiaries shall be the lawful owner of
at least 1,810,049 Banagricola Shares, free and clear of any Liens.

            8.1.7 The Banagricola OPA shall have been consummated in accordance
with the terms of the Banagricola SPA.

            8.1.8 The Board of Directors of the Company shall have passed a
resolution approving the transfer of the Shares and the consummation of the
transactions contemplated hereby in terms reasonably acceptable to the
Purchaser.

            8.1.9 The Company and its Subsidiaries have not tendered the
Banagricola Shares in the Banagricola OPA.

            8.1.10 The Company and its Subsidiaries have not exercised the Put
Option.

      8.2 Conditions to Obligations of the Majority Shareholders. The
obligations of the Majority Shareholders to consent to the Purchaser's
commencement of the OPA are subject to the satisfaction on or prior to the OPA
Commencement Date of each and every one of the following conditions precedent,
any one or more of which may be waived by the Majority Shareholders; provided
that if all such conditions have been satisfied or waived by the Majority
Shareholders on or prior to the OPA Commencement Date, the Majority Shareholders
shall be deemed to have consented to such commencement:

            8.2.1 There shall not be in force any injunction, judgment, order,
decree or ruling by or before any Authority of competent jurisdiction
restraining, enjoining, prohibiting,

                                       34
<PAGE>

invalidating or otherwise preventing the consummation of the transactions
contemplated hereby. No action, suit, claim or proceeding shall be pending
before any Authority which seeks to prohibit or enjoin the consummation of the
transactions contemplated hereby. No Law shall have been enacted, promulgated or
enforced by any Authority which prohibits or makes illegal the consummation of
the transactions contemplated hereby.

            8.2.2 All Company Consents (i) shall have been duly obtained, made
or given, (ii) shall be in form and substance reasonably satisfactory to the
Majority Shareholders, (iii) shall not be subject to the satisfaction of any
condition that has not been satisfied or waived, and (iv) shall be in full force
and effect and not revoked.

            8.2.3 The Majority Shareholders shall have received a certificate of
the secretary or a duly authorized officer of the Purchaser as to the incumbency
and signatures of the officers of the Purchaser executing this Agreement or, in
the alternative, copy of the powers of attorney for the officers of the
Purchaser executing this Agreement.

            8.2.4 Prior to the OPA Commencement Date, the Majority Shareholders
shall have received copies of a certificate of an authorized officer of the
Purchaser with copies of the resolutions of the Board of Directors or other
applicable executive committee of the Purchaser and, to the extent required
under applicable Law, the shareholders of the Purchaser approving (a) the
execution and delivery of this Agreement and each other Transaction Document to
which the Purchaser is a party, and (b) the consummation of the transactions
contemplated hereby and thereby.

            8.2.5 (i) Each of the representations and warranties made by the
Purchaser in this Agreement shall be true and correct in all material respects
as of the date of this Agreement and as of the OPA Commencement Date, (ii) the
Purchaser shall have complied with all of the covenants set forth herein from
the date of this Agreement until the OPA Commencement Date and (iii) the
Majority Shareholders shall have received a certificate from a duly authorized
officer of the Purchaser to such effect.

                                    ARTICLE 9
                              CONDITIONS TO CLOSING

      9.1 Conditions to the Purchaser's Obligations. The obligations of the
Purchaser to purchase any Offered Shares contemplated by this Agreement are
subject to the satisfaction on or prior to the OPA Termination Date of each and
every one of the following conditions precedent, any one or more of which may be
waived by the Purchaser:

            9.1.1 There shall not be in force any injunction, judgment, order,
decree or ruling by or before any Authority of competent jurisdiction
restraining, enjoining, prohibiting, invalidating or otherwise preventing the
consummation of the transactions contemplated hereby. No action, suit, claim or
proceeding shall be pending before any Authority which seeks to prohibit or
enjoin the consummation of the transactions contemplated hereby. No Law shall
have been enacted, promulgated or enforced by any Authority which prohibits or
makes illegal the consummation of the transactions contemplated hereby this
Agreement.

            9.1.2 All Purchaser Consents shall be in full force and effect and
not revoked.

                                       35
<PAGE>

            9.1.3 The Minimum Percentage shall have been tendered in the OPA and
not withdrawn.

            9.1.4 (i) Each of the representations and warranties made by the
Majority Shareholders or the Company in this Agreement shall have been true and
correct (without giving effect to any materiality or Material Adverse Effect
qualifier contained therein) in all respects as of the date of this Agreement
and on the OPA Termination Date, except where any failure of such
representations or warranties to be so true and correct, individually or in the
aggregate, would not have, or be reasonable likely to have, a Material Adverse
Effect, (ii) the Majority Shareholders and the Company shall have complied in
all material respects with all of the covenants set forth herein from the date
of this Agreement until the OPA Termination Date and (iii) the Purchaser shall
have received a certificate from the Majority Shareholders to such effect.

            9.1.5 The Company and its Subsidiaries have not exercised the Put
Option.

            9.1.6 The Company shall have delivered a notice to each Shareholder,
as required by the Charter Documents and any applicable Law, convening to a
Meeting of Shareholders to be held on the Closing Date, or immediately
thereafter, for the purpose (i) that all of existing directors of the Company
tender their resignation as directors of the Company and (ii) of electing a new
Board of Directors of the Company with such persons as may have been designated
by the Purchaser.

                                   ARTICLE 10
                                OTHER AGREEMENTS

      10.1 Further Assurances. Each of the Majority Shareholders and the
Purchaser shall, and shall each cause the Company and the Subsidiaries to, take
all commercially reasonable actions necessary to comply promptly with all legal
requirements which may be imposed on itself (including furnishing all
information required in connection with approvals of or filings with any other
Authority) and will promptly cooperate with and furnish information to each
other in connection with any such requirements imposed upon any of them.

      10.2 Transitional Activities. Subject to applicable Law, the parties agree
that upon signing of this Agreement, they will commence discussions and planning
on integration and transitional activities in order to ensure that post Closing
operational merger activities may commence as quickly as possible. Both parties
further agree to provide the appropriate and necessary resources for the
aforementioned discussions and planning.

      10.3 Publicity. Unless as mutually agreed by the parties or as required by
applicable Law, there shall be no press release or other announcement concerning
this Agreement or the transactions contemplated hereby.

      10.4 Litigation Support. In the event and for so long as any party
actively is contesting or defending against any action, suit, proceeding,
hearing, investigation, charge, complaint, claim or demand (other than among the
parties hereto) in connection with (i) any transaction contemplated under this
Agreement, or (ii) any fact, situation, circumstance, status, condition,
activity, practice, occurrence, event, incident, action, failure to act, or
transaction on or prior to the Closing Date involving the Company or any
Subsidiary, each of the parties will cooperate

                                       36
<PAGE>

with the contesting or defending party and its, his or her counsel in the
contest or defense, all at the sole cost and expense of the contesting or
defending party (except to the extent the contesting or defending party is
entitled to indemnification therefor under this Agreement).

      10.5 No Additional Representations. EXCEPT FOR THE REPRESENTATIONS AND
WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT, THE SELLING SHAREHOLDERS DO
NOT MAKE ANY REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED, AT LAW OR IN EQUITY,
IN RESPECT OF THE SELLING SHAREHOLDERS, THE COMPANY, THE SUBSIDIARIES OR ANY OF
THE ASSETS, LIABILITIES OR OPERATIONS OF THE SELLING SHAREHOLDERS, THE COMPANY
OR THE SUBSIDIARIES, AND THE PURCHASER EXPRESSLY DISCLAIMS ANY SUCH
REPRESENTATION OR WARRANTY. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES
EXPRESSLY SET FORTH IN THIS AGREEMENT, THE PURCHASER AGREES THAT IT IS ACQUIRING
CONTROL OF THE COMPANY AND THE SUBSIDIARIES ON "AS IS" AND "WHERE IS" BASIS.

      10.6 Disclaimer Regarding Estimates and Projections. In connection with
the Purchaser's investigation of the Company and the Subsidiaries, the Purchaser
has received from or on behalf of the Selling Shareholders certain estimates,
forecasts, plans and financial projections with respect to the Company and the
Subsidiaries. The Purchaser acknowledges that there are uncertainties inherent
in attempting to make such estimates, forecasts, plans and financial
projections, that the Purchaser is familiar with such uncertainties, that the
Purchaser is taking full responsibility for making its own evaluation of the
adequacy and accuracy of all estimates, forecasts, plans and financial
projections so furnished to it (including the reasonableness of the assumptions
underlying such estimates, forecasts, plans and financial projections), and that
the Purchaser shall have no claim against the Selling Shareholders with respect
thereto. Accordingly, the Selling Shareholders make no representation or
warranty with respect to such estimates, forecasts, plans and financial
projections (including any such underlying assumptions), except that such
estimates, forecasts, plans and projections were not prepared in bad faith and,
to the Knowledge of the Shareholders, based on the best information available at
the time of their preparation.

      10.7 Director and Officer Liability and Indemnification.

            10.7.1 For a period of one year after the Closing, the Purchaser
shall not permit the Company or any Subsidiary to amend, repeal or modify any
provision in its Charter Documents relating to exculpation or indemnification of
former officers and directors (unless required by Law), it being the intent of
the parties that the officers and directors of the Company and each Subsidiary
prior to the Closing shall continue to be entitled to such exculpation and
indemnification for the Company or such Subsidiary to the greatest extent
permitted under the Laws of the jurisdiction of incorporation of the Company or
such Subsidiary.

            10.7.2 The Purchaser hereby releases each of the officers and
directors of the Selling Shareholders, the Company and the Subsidiaries from any
and all claims by or Liabilities to the Selling Shareholders, the Company and
the Subsidiaries, whether known or unknown, whether now existing or hereinafter
discovered to exist, arising as a result of a breach of their fiduciary duties
to the shareholders of the Company or (other than the Company) of such

                                       37
<PAGE>

Subsidiaries as officers or directors of the Selling Shareholders, the Company
and the Subsidiaries, except to the extent that any such breach involved
fraudulent or criminal activity. After the Closing, the Purchaser shall cause
the Company and each of the Subsidiaries to exculpate (to the greatest extent
permitted by applicable Law) and shall indemnify, defend and hold harmless, each
of the directors and officers of the Company immediately prior to Closing
against all Losses arising out of any violations of such fiduciary duties in
their capacities as officers and directors of the Company and the Subsidiaries,
to the fullest extent permitted under applicable Law or the Charter Documents of
the Company and the Subsidiaries in effect as of the date of this Agreement (to
the extent consistent with applicable Law), except to the extent such breach
involved fraudulent or criminal activity.

      10.8 No Solicitation. During the period commencing on the date hereof and
ending at the earlier of (i) the Closing Date and (ii) termination of this
Agreement pursuant to Article XII, the Majority Shareholders and the Company
shall not, and shall use their reasonable best efforts to cause their respective
Affiliates and their and their Affiliates' respective officers, directors,
representatives and agents (collectively, the "Seller Representatives") to not,
directly or indirectly initiate or solicit any inquiries or the making of any
proposal with respect to, or engage in discussions or negotiations concerning,
or provide any confidential information or data to any person with respect to,
or have any discussions with any person relating to, any Acquisition Proposal,
or otherwise facilitate any effort to do any of the foregoing. The Majority
Shareholders and the Company shall as promptly as reasonably practicable (but in
no case later than 48 hours after receipt thereof) advise the Purchaser of the
receipt of any Acquisition Proposal and provide the Purchaser with the identity
of such person and a reasonable description of the terms of such proposed
Acquisition Proposal. The Majority Shareholders and the Company shall, and shall
cause the Seller Representatives to, immediately terminate any discussions or
negotiations with any parties (other than the Purchaser or its Affiliates) with
respect to an Acquisition Proposal existing as of the date hereof.

      10.9 Third Party Consents. The Majority Shareholders shall use their
commercially reasonable efforts to obtain all third party consents set forth on
Schedules 5.5 and 6.9.

      10.10 Dealing with Certain Authorities. Purchaser shall (i) promptly take
all actions necessary to make the filings required of it or any of its
Affiliates under any applicable Laws in connection with this Agreement and the
transactions contemplated hereby, (ii) use its commercially reasonable efforts
to comply in all material respects at the earliest practicable date with any
formal or informal request for additional information or documentary material
received by it or any of its Affiliates from any Authority pursuant to and in
connection with any applicable Laws, (iii) use its commercially reasonable
efforts to resolve at the earliest practicable date any investigation or other
inquiry concerning the transactions contemplated by this Agreement initiated by
any Authority in connection with any applicable Laws and (iv) use its
commercially reasonable efforts to obtain approval from any Authority required
in connection with this Agreement as promptly as practicable.

            10.10.1 At its sole cost, use its commercially reasonable efforts to
(i) resist or resolve promptly any administrative proceeding or suit, including
appeals, that may be instituted by any Authority or private third party with
respect to any applicable Laws, (ii) have vacated, lifted, reversed or
overturned any decree, judgment, injunction or other order, whether

                                       38
<PAGE>

temporary, preliminary or permanent, that is in effect and that prohibits,
prevents or restricts consummation of the transactions contemplated by this
Agreement, unless same was brought or initiated by the Company or the Majority
Shareholders or their respective Affiliates and (iii) enter into any settlement,
undertaking, consent decree, stipulation or other agreement with any Authority
with respect to any applicable laws and comply with all restrictions and
conditions, if any, imposed by such Authority as a requirement for granting any
necessary clearance or terminating any applicable waiting period, including but
not limited to, agreeing to hold separate, sell, otherwise divest or license
assets and/or businesses of Purchaser and/or its subsidiaries; and

            10.10.2 Purchaser shall inform the Company in advance of any
material meeting, call or other communication (written or oral) between
Purchaser and any Authority relating to the transactions contemplated hereby and
shall afford a representative of the Majority Shareholders and their counsel the
opportunity to participate (at their election) in each such meeting, call or
other oral communication and the opportunity to comment on each such written
communication.

      10.11 Non-Competition and Non-Solicitation.

            10.11.1 Each Majority Shareholder specified on Schedule 10.11.1 (the
"Designated Shareholders") agrees that for a period of four years from the
Closing Date (the "Restricted Period"), such Designated Shareholder shall not,
and such Designated Shareholder's Affiliates shall not, own any interest in,
manage, operate or control, participate in the ownership, management, operation
or control (such as by serving as a director, officer, employee, member,
partner, consultant, agent or advisor), or file any application with any
Authority in preparation for any such ownership, management, participation,
operation or control of any business or enterprise (a "Restricted Business"):

                  (i) in El Salvador that is engaged in any business of the
      Company and its Subsidiaries as of the Closing Date; and

                  (ii) in the United States that is engaged in any business of
      the Company and its Subsidiaries conducted in the United States as of the
      Closing Date.

            10.11.2 Notwithstanding the foregoing, the Designated Shareholders
and their Affiliates may: (i) continue to participate in the ownership,
management, operation or control of any Restricted Business engaged in as of the
date hereof as set forth on Schedule 10.11.2 and (ii) acquiring and maintaining
an ownership interest in a Restricted Business; provided, that the acquired
ownership interest, when aggregated with any ownership interest of (x) the
Immediate Family Members of the Designated Shareholders and (y) the Designated
Shareholders' Affiliates, represents less than 5% of the equity and voting power
in such Restricted Business.

            10.11.3 Each Designated Shareholder agrees that during the
Restricted Period, such Designated Shareholder shall not, and such Designated
Shareholder's Affiliates shall not in any manner, directly or indirectly
(without the prior written consent of the Purchaser): (i) solicit any Customer
to transact business with a Restricted Business or to reduce or refrain from
doing any Restricted Business with the Company or any of the Subsidiaries, (ii)
interfere with or

                                       39
<PAGE>

damage any relationship between the Company or any of the Subsidiaries in
connection with the Restricted Business in which it is engaged and a Customer or
(iii) solicit anyone who is then an employee of the Company or any of the
Subsidiaries (or who was an employee of the Company or any of the Subsidiaries
within the prior 12 months) to (x) resign from the Company or any of the
Subsidiaries, (y) apply for or accept employment with any Restricted Business or
Additional Restricted Business or (z) in the case of any management employee of
the Company or any of the Subsidiaries, apply for or accept employment with any
other business or enterprise.

            10.11.4 Each Designated Shareholder acknowledges that the covenants
in this Section 10.11 are given in order to induce the Purchaser to enter into
and consummate the transactions contemplated by this Agreement, are required by
the Purchaser for the purpose of preserving the business acquired by it in
connection with the transactions contemplated by this Agreement and that the
Purchaser would not enter into and consummate the transactions contemplated by
this Agreement without the agreement of the Designated Shareholders to the
covenants contained in this Section 10.11. Each Designated Shareholder also
acknowledges that the scope, duration and geographic limitations contained in
this Section are reasonable given the nature of the Company's and the
Subsidiaries' businesses and the nature of the Restricted Business. In the event
that any of the provisions of this Section 10.11 should ever be adjudicated to
exceed the time, scope, geographic or other limitations permitted by applicable
Law in any jurisdiction, then such provisions shall be deemed reformed in such
jurisdiction to the maximum time, scope, geographic or other limitations
enforceable under applicable Law. Each Designated Shareholder further
acknowledges that a violation of this Section 10.11 would cause immeasurable
injury to the Purchaser and that, in the event of a breach by one or more of the
Designated Shareholders of this Section 10.11, the Purchaser will not have an
adequate remedy at law. Accordingly, in the event of any such breach, the
Purchaser shall be entitled to such equitable and injunctive relief as may be
available to restrain the Designated Shareholders and any other person
participating in such breach from the violation of the provisions hereof in any
court of competent jurisdiction and injunctive relief without the necessity of
posting a bond or proving special damages. Nothing herein, however, shall be
construed as prohibiting the Purchaser from pursuing any other remedies
available at law or equity for such breach, including the recovery of damages.

      10.12 Banagricola OPA. If the public tender offer for the shares of common
stock of Banagricola pursuant to the Banagricola SPA (the "Banagricola OPA") is
consummated and this Agreement is terminated for any reason prior to the
Closing, then:

            10.12.1 The Purchaser shall be discharged from the obligation to
purchase the Shares set forth in Section 2.1 and this Agreement shall
automatically terminate as of the date of termination of this Agreement;

            10.12.2 contemporaneously with such termination, and as a condition
thereto, the Company and its Subsidiaries, collectively, shall sell, directly to
the Purchaser, and the Purchaser shall purchase, all of the Banagricola Shares
for a price per share equal to the Purchase Price Per Share (as such term is
defined in the Banagricola SPA), free and clear of any Liens;

            10.12.3 (i) for the period commencing on the date of such
termination and continuing until the date of transfer of the BESI Shares
described in clause (ii) is below is

                                       40
<PAGE>

perfected, the Company shall not, with respect to BESI, (A) sell, assign,
transfer, encumber or otherwise dispose of (1) the BESI Shares or (2) any of the
assets of BESI except in the ordinary course of its business, and (B) take any
of the actions described in Sections 7.2.3, 7.2.5, 7.2.6 or 7.2.11 as if BESI
were the Company for the purposes of such Sections, and (ii) the Company and the
Purchaser shall negotiate in good faith and use their best efforts to enter
into, as promptly as practicable, a stock purchase agreement for the sale by the
Company, directly to the Purchaser, of all of the BESI Shares for a purchase
price, in the aggregate, of six million Dollars ($6,000,000), free and clear of
any Liens; and

            10.12.4 (i) for the period commencing on the date of such
termination and continuing until the date on which the agreement described in
clause (ii) below becomes effective, the Company and its Subsidiaries shall, at
the election of the Purchaser, continue to provide to Banagricola and/or its
Subsidiaries the services (in whole or in part) currently provided by the
Company and its Subsidiaries to Banagricola and/or its Subsidiaries (including
any services provided by BESI) on the same terms and conditions (including
price) and at the same standard and level of service as such services are being
provided as of the date hereof, and (ii) the Company and its Subsidiaries and
the Purchaser shall negotiate in good faith and use their best efforts to enter
into, as promptly as practicable, a long-term services agreement for the
provision of such services by the Company and its Subsidiaries on customary
terms and conditions.

                                   ARTICLE 11
                   SURVIVAL OF REPRESENTATIONS AND WARRANTIES

      11.1 Survival of Representations and Warranties. The representations and
warranties of the Purchaser contained in Article 4 of this Agreement and of the
Majority Shareholders and the Company contained in Articles 5 and 6 of this
Agreement shall survive the Closing and continue in full force and effect until
the date which is 18 months after the Closing Date; except for the
representations and warranties contained in Section 5.2, 5.6, 6.6, 6.7, 6.22,
6.36 or 6.37 which shall survive the Closing indefinitely, and the
representations and warranties in Sections 6.18 and 6.25, which shall survive
the Closing for the statute of limitations applicable thereto. In the event that
notice of any action for breach hereunder shall have been given within the
applicable survival period, the representations and warranties that are the
subject of such action shall survive with respect to such action until the
action is finally and fully resolved.

                                   ARTICLE 12
                                   TERMINATION

      12.1 Termination. Subject to the provisions of Section 2.4, Section 2.5
and Section 10.12.1, this Agreement may be terminated at any time prior to the
Closing Date:

            12.1.1 by mutual written consent of the Purchaser and the Majority
Shareholders;

            12.1.2 by the Purchaser or the Majority Shareholders if there shall
be any applicable Salvadoran or Panamanian Law that makes consummation of the
OPA illegal or otherwise prohibited or any judgment, injunction, order or decree
of any Authority having

                                       41
<PAGE>

competent jurisdiction enjoins the consummation of the OPA, and such judgment,
injunction, order or decree shall have become final and nonappealable;

            12.1.3 by the Purchaser by giving written notice to the Majority
Shareholders at any time in the event the Majority Shareholders have breached
any material covenant contained in this Agreement in any material respect, the
Purchaser has notified the Majority Shareholders of such breach and such breach
has continued uncured for a period of 15 Business Days after the notice of
breach;

            12.1.4 by the Majority Shareholders by giving written notice to the
Purchaser at any time the Purchaser has breached any material covenant contained
in this Agreement in any material respect, the Majority Shareholders has
notified the Purchaser of such breach and such breach has continued uncured for
a period of 15 Business Days after the notice of breach;

            12.1.5 by the Purchaser or the Majority Shareholders if the Closing
shall not have occurred on or before the date that is 180 days from the date of
this Agreement (unless the failure results primarily from the terminating party
breaching any representation, warranty or covenant contained in this Agreement);
provided that such period may be extended by the Purchaser for an additional 60
days to obtain any consent or approval of any Authority necessary to commence
the OPA or to consummate the purchase of the Offered Shares so long as Purchaser
(i) has made all filings and/or notifications with the applicable Authority to
be required in connection with such consent or approval and (ii) has used its
commercially reasonable efforts to obtain such consent or approval in a timely
manner in accordance with the terms hereof;

            12.1.6 by the Purchaser or the Majority Shareholders if the
Banagricola SPA is terminated prior to the Closing in accordance with its terms;
or

            12.1.7 in accordance with the terms of Section 2.4, Section 2.5 or
Section 10.12.1.

      12.2 Effect of Termination. The termination of this Agreement pursuant to
this Article 12 shall terminate all obligations of the parties hereunder (except
for the liability of any party then in breach), except for the obligations under
Section 2.4, Section 2.5, Section 7.4, Section 10.12 and this Section 12.2.

                                   ARTICLE 13
                     MAJORITY SHAREHOLDER REPRESENTATIVES(1)

      13.1 Appointment. Each Majority Shareholder does hereby irrevocably
appoint the individual set forth opposite its name on Schedule 13.1 hereof, as
its true and lawful attorney-in-fact and agent, with full power of substitution
or re-substitution, to act solely and exclusively on behalf of such Majority
Shareholder with respect to any matters relating to this Agreement and the
Transaction Documents (each such person, a "Majority Shareholders'
Representative"). All action required to be taken by a Majority Shareholder
under this Agreement and the Transaction Documents (including the giving and
receiving of all notices, consents and waivers and the execution and delivery of
any documents, and the execution and delivery of any agreements and

------------
(1)   Please consider reducing the number of Representatives for this
      transaction further. Nine is still too many.

                                       42
<PAGE>

releases in connection with the settlement of any dispute or claim under this
Agreement) shall be taken by such Majority Shareholder's Majority Shareholders'
Representative. The Purchaser shall be entitled to rely on all actions taken or
authorized by the Majority Shareholders' Representatives as being the binding
acts or authorizations of the Majority Shareholder that designated such Majority
Shareholders' Representative. The Majority Shareholders' Representatives shall
not have any duties or responsibilities except those expressly set forth in this
Agreement and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or the Transaction
Documents or shall otherwise exist against the Majority Shareholders'
Representatives.

      13.2 Reliance by Majority Shareholders' Representative. A Majority
Shareholders' Representative shall be entitled to rely, and shall be fully
protected in relying, upon any statements furnished to it by any Majority
Shareholder or the Purchaser, or any other evidence deemed by such Majority
Shareholders' Representative to be reliable, and such Majority Shareholders'
Representative shall be entitled to act on the advice of counsel selected by it.
A Majority Shareholders' Representative shall be fully justified in failing or
refusing to take any action under this Agreement and the other Transaction
Documents unless it shall have received such advice or concurrence of the
Majority Shareholder(s) that designated such Majority Shareholders'
Representative as it deems appropriate or it shall have been expressly
indemnified to its satisfaction by such Majority Shareholder(s) severally
according to their respective Percentage Ownership against any and all liability
and expense that such Majority Shareholders' Representative may incur by reason
of taking or continuing to take any such action. A Majority Shareholders'
Representative shall in all cases be fully protected in acting, or refraining
from acting, under this Agreement and the other Transaction Documents in
accordance with a request of the Majority Shareholders that designated such
Majority Shareholders' Representative, and such request, and any action taken or
failure to act pursuant thereto, shall be binding upon such Majority
Shareholder.

      13.3 Expenses of Majority Shareholders' Representative. A Majority
Shareholders' Representative shall be entitled to retain counsel and to incur
such expenses (including court costs and reasonable attorneys' fees and
expenses) as such Majority Shareholders' Representative deems to be necessary or
appropriate in connection with its performance of its obligations under this
Agreement and the other Transaction Documents, and except as otherwise provided
in this Agreement, all such fees and expenses incurred by the Majority
Shareholders' Representative shall be borne by the Majority Shareholder(s) that
appointed such Majority Shareholders' Representative severally according to
their respective Percentage Ownership.

      13.4 Indemnification. The Majority Shareholders hereby agree severally to
indemnify the Majority Shareholders' Representative appointed by them (in its
capacity as such) ratably according to their respective Percentage Ownership
against, and to hold such Majority Shareholders' Representative (in its capacity
as such) harmless from, any and all liabilities, obligations, Losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of
whatever kind which may at any time be imposed upon, incurred by or asserted
against such Majority Shareholders' Representative in such capacity in any way
relating to or arising out of its action or failures to take action pursuant to
this Agreement or the other Transaction Documents or in connection herewith or
therewith in such capacity; provided, that no Majority Shareholder shall be
liable for the payment of any portion of such liabilities,

                                       43
<PAGE>

obligations, Losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting solely from the gross negligence or willful
misconduct of the Majority Shareholders' Representative designated by such
Majority Shareholder. The agreements in this Section 13.4 shall survive
termination of this Agreement or the other Transaction Documents.

                                   ARTICLE 14
                                  MISCELLANEOUS

      14.1 Notices. Any notices, requests, demands and other communications
required or permitted to be given hereunder shall be in writing and, except as
otherwise specified in writing, shall be given by personal delivery, facsimile
transmission, Federal Express or UPS (or other similar
internationally-recognized overnight courier service) or by registered or
certified mail, postage prepaid, return receipt requested if to the Purchaser or
the Majority Shareholders, to the addresses for notices set forth below, or to
such other addresses as any party hereto may from time to time give notice of
(complying as to delivery with the terms of this Section 14.1) to the other.
Notice internationally-recognized overnight courier shall be effective two days
after deposit with such courier. Notice by any other permitted means will be
effective upon receipt.

      If to the Purchaser:               Bancolombia (Panama), S.A.
                                         Plaza Marbella, Calle Aquilino de la
                                         Guardia y Calle 47
                                         Panama
                                         Attn: Pablo Diaz Gomez
                                         Fax: +507 269-1138

      With copies to:                    Sullivan & Cromwell LLP
                                         125 Broad Street
                                         New York, New York 10004
                                         Attn:  Mitchell S. Eitel
                                         Fax:  +1 (212) 558-3588

      If to the Company or the Majority  Bienes y Servicios, S.A.
      Shareholders:                      4a. Calle Oriente,  numero 5-8, Santa
                                         Tecla, Departamento de la Libertad, San
                                         Salvador, El Salvador
                                         Attn: Guillermo Antonio Jovel M.
                                         Fax: + (503) 2267-5745

                                       44
<PAGE>

       With copies to:                     Greenberg Traurig, P.A.
                                           1221 Brickell Avenue
                                           Miami, Florida  33131
                                           Attn:  Patricia Menendez-Cambo
                                           Fax:  +1 (305) 579-0766

      14.2 Entire Agreement. This Agreement and the other Transaction Documents
constitute the entire agreement among the parties hereto with respect to the
transactions contemplated hereby and supersede all prior agreements,
understandings, negotiations and discussions, both written and oral, among the
parties hereto with respect thereto. This Agreement may not be altered or
otherwise amended except pursuant to an instrument in writing signed by the
parties hereto.

      14.3 Benefits; Binding Effect; Assignment. This Agreement shall be for the
benefit of and binding upon the parties hereto, their respective successors and,
where applicable, assigns. No party may assign this Agreement or any of its
rights, interests or obligations hereunder without the prior approval of the
other party; provided, however, that (i) before the Closing is effected, the
Purchaser may (A) assign any or all of its rights and interests hereunder to one
or more of its Affiliates, and (B) designate one or more of its Affiliates to
perform its obligations hereunder (but in any or all of such cases the Purchaser
shall nonetheless remain responsible for the performance of all of the
obligations of such assignee hereunder), and (ii) the Majority Shareholders may
assign any on all of their rights and interests hereunder to one or more of
their Affiliates, provided, however, that any assignor shall remain responsible
for the performance of all of the obligations of such assignor hereunder.

      14.4 Waiver. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provision hereof (whether or
not similar), nor shall any such waiver constitute a continuing waiver unless
otherwise expressly so provided.

      14.5 No Third Party Beneficiaries. This Agreement shall be binding upon
and inure solely to the benefit of the parties hereto and their permitted
assigns, and nothing herein, express or implied, is intended to or shall confer
upon any other person any legal or equitable right, benefit or remedy of any
nature whatsoever under this Agreement.

      14.6 Severability. It is the desire and intent of the parties hereto that
the provisions of this Agreement be enforced to the fullest extent permissible
under the Laws and public policies applied in each jurisdiction in which
enforcement is sought. Accordingly, if any particular provision of this
Agreement shall be adjudicated by a court of competent jurisdiction to be
invalid, prohibited or unenforceable for any reason, such provision, as to such
jurisdiction, shall be ineffective, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of this
Agreement or affecting the validity or enforceability of such provision in any
other jurisdiction. Notwithstanding the foregoing, if such provision could be
more narrowly drawn so as not to be invalid, prohibited or unenforceable in such
jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the
validity or enforceability of such provision in any other jurisdiction.

                                       45
<PAGE>

      14.7 Expenses. All fees and expenses (including the fees and expenses of
legal counsel and other advisors) incurred by the Majority Shareholders, the
Company and/or any Subsidiary in connection with the transactions contemplated
hereby shall be borne by the Majority Shareholders. Any and all fees and
expenses of the Purchaser in connection with the transactions contemplated
hereby shall be borne by the Purchaser.

      14.8 Section Headings. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of any provisions of this Agreement.

      14.9 Counterparts; Facsimile Signature. This Agreement may be executed in
any number of counterparts and by the several parties hereto in separate
counterparts, each of which shall be deemed to be one and the same instrument.
This Agreement may be executed by facsimile signature and a facsimile signature
shall constitute an original for all purposes.

      14.10 Litigation; Prevailing Party. In the event of any Litigation with
regard to this Agreement, the prevailing party shall be entitled to receive from
the non-prevailing party and the non-prevailing party shall pay all reasonable
fees and expenses of counsel for the prevailing party.

      14.11 Specific Performance. The parties hereto agree that irreparable
damage would occur if any provision of Sections 7.2, 7.4, 7.5, 10.2, 10.3, 10.8,
10.11 or 10.12 was not performed in accordance with the terms hereof and that
the parties shall be entitled to an injunction or injunctions to prevent
breaches of the foregoing covenants or to enforce specifically the performance
of such covenants in addition to any other remedy to which they are entitled at
law or in equity in accordance with the terms set forth in this Agreement. The
parties hereto further agree that no party shall be required to post any bond,
guaranty or other surety in order to obtain any such injunction or specific
performance.

      14.12 Governing Law; Jurisdiction; Waiver of Jury Trial.

            14.12.1 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY
CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK
OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER
THAN THE STATE OF NEW YORK TO BE APPLIED.

            14.12.2 EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, TRIAL BY
JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING HEREUNDER.

      14.13 Jurisdiction, Etc.

            14.13.1 Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the non-exclusive
jurisdiction of any New York State court or federal court of the United States
of America sitting in the Borough of Manhattan, and any

                                       46
<PAGE>

appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or the other Transaction Documents or for recognition
or enforcement of any judgment, and such parties hereby irrevocably and
unconditionally agree that all claims in respect of any such action or
proceeding may be heard and determined in any such New York State court or, to
the extent permitted by Law, in such federal court. Each of the parties hereto
agrees that a final, non-appealable judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. The Majority Shareholders'
Representatives and the Company hereby irrevocably appoint CT Corporation System
(the "Process Agent") with an office on the date hereof at 111 Eighth Avenue,
New York, New York 10011, United States, as its agent to receive on behalf of
the Majority Shareholders' Representatives and the Company service of copies of
the summons and complaint and any other process which may be served in any such
action or proceeding. Such service may be made by mailing or delivering a copy
of such process to the Majority Shareholders' Representatives and/or the Company
in care of the Process Agent at the Process Agent's office, and the Majority
Shareholders' Representatives and the Company hereby irrevocably authorize and
direct the Process Agent to accept such service on their behalf. As an
alternative method of service, the Majority Shareholders' Representatives and
the Company also irrevocably consent to the service of any and all process in
any such action or proceeding by sending copies of such process by mail (by
method requiring evidence of receipt) with a second copy to be sent to the
Majority Shareholders' Representatives and the Company by courier at their
respective address specified in Section 13.1.

            14.13.2 Each of the parties hereto irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any
objection that it may now or hereafter have to the laying of venue of any suit,
action or proceeding arising out of or relating to this Agreement or the other
Transaction Documents in any New York State court or federal court of the United
States of America sitting in the Borough of Manhattan in New York City. Each of
the parties hereto hereby irrevocably waives, to the fullest extent permitted by
Law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

            14.13.3 To the extent that any Majority Shareholder or the Company
has or hereafter may acquire any immunity from jurisdiction of any Authority or
from any legal process (whether through service of notice, attachment prior to
judgment, attachment in aid of execution, execution or otherwise) with respect
to itself or its property, such Majority Shareholder and the Company hereby
irrevocably waives such immunity in respect of its obligations under this
Agreement and the other Transaction Documents and, without limiting the
generality of the foregoing, agrees that the waivers set forth in this Section
14.13.3 shall have the fullest scope permitted under the Foreign Sovereign
Immunities Act of 1976 of the United States and are intended to be irrevocable
for purposes of such Act.

      14.14 Construction. The provisions of this Agreement shall be construed
according to their fair meaning and neither for nor against any party hereto
irrespective of which party caused such provisions to be drafted. Each of the
parties acknowledge that it, he or she has been represented by legal counsel in
connection with the preparation and execution of this Agreement.

                  (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

                                       47
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have each executed and delivered
this BYSSA Stock Purchase Agreement as of the day and year first above written.

                                 PURCHASER:

                                 BANCOLOMBIA (PANAMA) S.A.

                                 By: /s/PABLO EMILIO DIAZ GOMEZ
                                     ------------------------------------
                                     Name:  Pablo Emilio Diaz Gomez
                                     Title: Legal Representative

                                 COMPANY:

                                 BIENES Y SERVICIOS, S.A.

                                 By: /s/ RODOLFO ROBERTO SCHILDNECHT
                                     ------------------------------------
                                     Name:  Rodolfo Roberto Schildnecht
                                     Title: President of the Board

                                       48
<PAGE>

               (SIGNATURE PAGE TO BYSSA STOCK PURCHASE AGREEMENT)

                                 MAJORITY SHAREHOLDERS:

                                 By: /s/ RODOLFO ROBERTO SCHILDNECHT
                                     ------------------------------------
                                     Name:  Rodolfo Roberto Schildnecht
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ MAURICIO MEYER COHEN COHEN
                                     ------------------------------
                                     Name:  Mauricio Meyer Cohen Cohen
                                     Title: In his/her capacity as attorney-
                                            in-fact on behalf of each of
                                            the persons set forth opposite
                                            his/her name on Schedule 13.1
                                            hereto.

                                 By: /s/ CARLOS ENRQIQUE ARAUJO
                                     --------------------------
                                     Name:  Carlos Enrique Araujo
                                     Title: In his/her capacity as attorney-
                                            in-fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ FERNANDO ALFREDO PACAS
                                     --------------------------
                                     Name:  Fernando Alfredo Pacas
                                     Title: In his/her capacity as attorney-
                                            in-fact on behalf of each of
                                            the persons set forth opposite
                                            his/her name on Schedule 13.1
                                            hereto.

                                       49
<PAGE>

                                 By: /s/ ROBERTO VARAONA RENGIFO
                                     ---------------------------
                                     Name:  Roberto Varaona Rengifo
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ FRANCISCO ALBERTO ALVAREZ
                                     -----------------------------
                                     Name:  Francisco Alberto Alvarez
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite
                                            his/her name on Schedule 13.1
                                            hereto.

                                 By: /s/ JOAQUIN ALBERTO PALOMO
                                     --------------------------
                                     Name:  Joaquin Alberto Palomo
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ SARA SOMERS GASTEAZORO DE MENEDEZ
                                     -------------------------------------
                                     Name:  Sara Somers Gasteazoro De Menedez
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                       50
<PAGE>

                                 By: /s/ MANUEL ANTONIO RODRIGUEZ
                                     ----------------------------
                                     Name:  Manuel Antonio Rodriguez
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ JOSE ROBERTO ORELLANA
                                     -------------------------
                                     Name:  Jose Roberto Orellana
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                 By: /s/ OSCAR ARMANDO RODRIGUEZ
                                     ---------------------------
                                     Name:  Oscar Armando Rodriguez
                                     Title: In his/her capacity as attorney-in-
                                            fact on behalf of each of the
                                            persons set forth opposite his/her
                                            name on Schedule 13.1 hereto.

                                       51<PAGE>
EXHIBIT 4.3. ENGLISH SUMMARY OF THE STOCK SALE AGREEMENT BETWEEN BANCOLOMBIA AND
PORTAL DE INVERSIONES S.A.

BANCOLOMBIA'S SALE OF ALMACENAR S.A.

1. SALE -PURPOSE:

Bancolombia's sale of Almacenar S.A.'s shares was carried out in multiple
transactions pursuant to an agreement executed on July 14, 2006. The agreement
provided for the sale of Bancolombia's direct and indirect stake (99.969%) in
Almacenar S.A. with the exception of certain assets that were not related to the
transaction (separated assets) which Bancolombia retained through a different
company resulting from the prior spin-off of Almacenar S.A. In order to retain
the separate assets, Almacenar S.A. was spun-off into three separate entities:
the surviving entity named Almacenar S.A. and LAB Investment & Logistics S.A.
which were sold to Portal de Inversiones S.A., and Inversiones Valores y
Logistica S.A. which was retained by Bancolombia.

The agreement was signed by Jaime Velasquez Botero as Vice-president of Finance
of Bancolombia and Omar Gonzalez Pardo as legal representative of Portal de
Inversiones S.A.

2. PARTIES:

SELLER: BANCOLOMBIA S.A.

BUYER: PORTAL DE INVERSIONES S.A.

3. PRICE:

The price agreed upon was Ps 31,024,430,000 to be paid as follows: (i) Ps
11,396,000,000 for Almacenar S.A. in cash on the closing date to be paid by a
trust fund (patrimonio autonomo) set up to purchase the real estate of Almacenar
S.A., (ii) Ps 17,578,430,000 for LAB Investment & Logistics S.A., to be paid
within a maximum term of 42 months beginning on the closing date at an interest
rate equivalent to the DTF (Deposito a Termino Fijo) +3 accrued on the balances
due, including a one year grace period beginning on the closing date, and (iii)
Ps 2,050,000,000 for the shares of Almacenar S.A. that were subscribed as part
of a recent capitalization.

This price shall be adjusted according to the value of the loss incurred by
Almacenar S.A. as a result of the casualty at the Salomia warehouse in Cali that
belongs to Almacenar S.A. If by the closing date, the deductible is higher than
Ps 4,417,200,000 the surplus shall be deducted from the price of LAB Investment
& Logistics S.A. If the amount is lower, the difference shall be added onto said
price.

<PAGE>

4. CONDITIONS TO THE TRANSACTION

The condition precedent to the transaction was that the spun-off of Almacenar
S.A. be duly authorized by the Colombian Superintendency of Finance.

On November 14, 2006, the Colombian Superintendency of Finance issued Resolution
02050 authorizing the spin-off.

5. MAIN OBLIGATIONS:

On the part of Bancolombia:

     -    Transfer the ownership of the shares free from any encumbrances and
          limitations.

     -    Request all the necessary authorizations for Almacenar S.A.'s
          subsequent spin-offs and a Bancolombia's favorable vote at the
          Almacenar S.A.'s general shareholders meeting.

     -    Disencumber the shares.

     -    Indemnify Portal de Inversiones S.A in the event of any claim relating
          to hidden defects and fictitious assets prior to or on the closing
          date, and during a term of 18 months beginning on the closing date,
          which were not known by Portal de Inversiones S.A. and without any
          negligence on Portal de Inversiones S.A.'s part. Bancolombia shall
          also be responsible for any tax, exchange and customs obligations
          improperly disclosed. This responsibility shall commence when the
          amount assumed by Portal de Inversiones S.A. exceeds the sum of Ps
          289,744,000 and shall be extended to a total of up to Ps
          4,696,165,000.

     -    To pay all those costs attributable to the loss incurred by Almacenar
          S.A. as a result of the casualty at the Salomia warehouse.

     -    To assume responsibility for all those contingencies that may arise as
          a result of any findings discovered during the due diligence process,
          up to a total of Ps 310,869,621.

     -    Within a term of 30 calendar days after the execution of the
          agreement, Bancolombia shall grant a simple line of credit to
          Almacenar S.A. for an amount of Ps 4,417,000,000 or up to the amount
          awarded to those having storage goods in the Salomia warehouse.

     -    As of the closing date, renew all the credit quotas up to a value of
          Ps 8,010,000,000 as previously granted by Corfinsura (currently
          Bancolombia) to Almacenar S.A.

<PAGE>

     -    Maintain in full force and effect all those agreements executed
          between Almacenar S.A. and Bancolombia, as long as the terms and
          conditions of those agreements are in line with market conditions and
          meet similar quality standards.

On the part of the Portal de Inversiones S.A.:

     -    Maintain in force a guaranty trust set up with 100% of the shares of
          Almacenar S.A. and LAB Investment & Logistics S.A. acquired by Portal
          de Inversiones S.A. and which shall secure the payment of the purchase
          price as well as the payment originating in the funding commitment and
          the credit granted by Corfinsura (currently Bancolombia) to Almacenar
          S.A.

     -    Request the authorization from the Colombian Superintendency of
          Finance to acquire Almacenar S.A.'s shares.

     -    Pay the price of the shares.

     -    Apply to the price to be paid all those dividends received from shares
          held in the companies acquired.

     -    Diligently manage the companies thus acquired, without affecting the
          value of the collateral offered.

6. TERM:

The sale of the shares and the transfer of their ownership must be carried out
at the latest by the fifteenth business day following the date on which all the
conditions stipulated in the agreement have been duly complied with.

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