(LOGO)JSB & ASOCIADOS C.A.Business Administrator

Yolanda Arias & Asociados

San Antonio de los Altos, September 10, 2014

GentlemenBank Of America DoralFlorida USAPresent

In representation of the Business Administration corporate entity Yolanda Salas Biord, YSB & Asociados, I hereby acknowledge that the company PROYECTOS Y CONSTRUCCIONES MALFER C.A. located in San Antonio de los Altos, Estado Miranda, Venezuela, is a client of my represented, who provides them the revenue services, that I list below.

1.- General accounting.2.- Definite and estimate Income Tax (yearly).3.- Value Added Tax VAT (monthly).4.- Municipal Tax, Los Salias Estado Miranda, City Hall.5.- Compulsory Social Security.6.- National Institute for Socialist Educational Cooperation INCES (quarterly).

All reports are presented before the Government departments of Venezuela.

That is all for the present,

Sincerely,___________

Yolanda Salas Biord

Avenida Los Salias , Oficentro El Picacho, Piso 4, Ofic. 4-E. San Antonio de los Altos, Edo. Miranda, Venezuela Zona Postal 1204. Tel. +582123710751 -

+582123713343

(LOGO)

COLORZULIANO C.A.

RIF. J-29916936-6

Maracaibo, April 28, 2014.

TO WHOM IT MAY CONCERN

We state hereby, that the company PROYECTOS Y CONSTRUCCIONES MALFER C.A., RIF.: J-31151223-3 has maintained a commercial relationship with our company for three (3) years, demonstrating integrity and excellent responsibility in the fulfillment of the contracted obligations. 

Currently has an assigned a credit limit of six (6) average figures issued in 30 day invoices, which are cancelled at our complete satisfaction, that’s another reason we strongly recommend them.

Sincerely,

ADRIANA GONZALEZ

MANAGER

AV.CIRCUNVALACION 2. C.C. LOS ARCOS, NIVEL PB LOCAL, 11 SECTOR SAN MIGUEL TELF. 0261-7889009

AV 17 C.C RIMA LOCAL 102-109 SECTOR DE LOS ATICOS. DETRÁS DE LA TERMINAL DE PASAJEROS. TELF. 0261-7232015 / 7212498 / 7211282 MOVIL: 0414-654988

N° MI

11059711

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS ON INCOME LEVELS OF INDIVIDUALS

Addressed to all stakeholders:

We have examined all documents relating to the revenue received from January 2013 to February 2014: of citizen DORA HILDA CARRERO PEREZ holder of the identity card Rif N° V-08.086.429-5; pertaining to her activities as President of the business firm Proyectos y Construcciones Malfer. This commitment was performed in accordance with generally accepted review standards for individual income N° 5 (SECP-5) published by the Venezuelan Federation of Public Accountants. The sufficiency of the information submitted for review is responsibility of the stakeholder.

Our job consisted, mainly on the review of the documentation attached to the present document to obtain reasonable assurance as to whether the amount of revenue based on the submitted documentation is free of material misstatement.

Based on our review, the attached income revenue, belonging to citizen DORA HILDA CARRERO PEREZ, covering the period from January 2013 to February 2014, Is reasonably stated based on the  the documentation submitted.

________________________Lcda. Anmar M. Mendoza U

Rif. V08504833-0 / CPC 48311

San Antonio de los Altos 17/02/2014

(SELLO)

(LOGO)

Av. 8 La Limpia N° 61-13 Sector Sucre Telef. 0261-7593032-6140931

Maracaibo Edo. Zulia

________________________________________________________

J-29700922-1

TO WHOM IT MAY CONCERN

By the present evidenced that the company, PROYECTOS Y CONSTRUCCIONES MALFER C.A. R.I.F: J-31151223, maintains a commercial relationship with our company since January 15 of 2009. Assigning them a credit limit of six (6) average figures issued in 30 day invoices, being cancelled on the planned date. Certificate issued under request of the interested party, the twenty-ninth day of August of the year two thousand fourteen.

POR IMELEC, SA

__________________

Ing. Yasmit Morillo

Manager

N° MI

11059713

PUBLIC ACCOUNTANT REPORT ON PROGRESS

Citizen:DORA HILDA CARRERO PEREZCity.-

The statement of the assets, liabilities of DORA HILDA CARRERO PEREZ, holder of the identity card Rif N° V-08.086.429-5 until February 14, 2014, and changes in net assets endorsed, has been prepared by me on a historical basis, following her instructions and based on the information, documentations and other data supplied. The information presented in that financial statement is the responsibility of DORA HILDA CARRERO PEREZ.

My preparation commitment is limited to the presentation of financial statements with the information provided by DORA HILDA CARRERO PEREZ without assessment and verification procedures.

The Statement of Accounting Principles N° 10 (DPC-10) issued by the Venezuelan Federation of Public Accountants requires the presentation of financial statements in updated figures due to inflation, therefore the lack of recognition of the effects of inflation in the attached financial statements do not conform with accounting principles generally accepted in Venezuela.

Concerning natural persons is wide-spread practice not to keep accounting records that insure all the assets and liabilities, likewise the appraisal of property, in many instances is presented at a different value than the cost of acquisition. I have not audit or review unstintingly the financial statements of DORA HILDA CARRERO PEREZ, therefore I express no opinion concerning them.

__________________________Lcda. Anmar N. Mendoza U

Rif V08504833-8 / CPC 48311

San Antonio de los Altos, 17/02/14.

SELLO

KAINCA CA

INVESTORS

(LOGO)

TO WHOM IT MAY CONCERN

We hereby state (certify) that the company “Proyectos y Construcciones Malfer”, CA Rif N° J-31151223-3, has a commercial relationship with our company since February 7 of this year and has faithfully fulfilled the loan obligations that we have granted, even for the amount of 2 million bolivars 00/100 (Bs 2,000,000) therefore we qualify them as an excellent customer.

We Issue this certificate at the request of the interested party, in Maracaibo in the 28th of the month of August of two thousand fourteen.

KAINCA CAINVESTMENTS CA_______________

CLAYDE PIÑEROADMINISTRATION

Tels. (589 0261.7980669 7 0424.6920372

AV. 13A entre calles 75 y 76, Edificio Belen Off. 1C

Maracaibo, Venezuela.

RIF: J-31478084-0(Seal) Bolivarian Republic of VenezuelaJudicial Circumspection

Capital Distric and Miranda StateREGISTRY OF COMMERCE IV

MINISTRY OF INTERIOR AND JUSTICEFOURTH REGISTRY OF COMMERCE

OF THE JUDICIAL CIRCUMSPECTION OF THE C.D. AND MIRADA STATE

DR. YANOSSELI COLMENARES DE ANDRADE COMMERCIAL REGISTER OF THE FOURTH REGISTRY OF COMMERCE

OF THE JUDICIAL CIRCUMSPECTION OF THE C.D. AND MIRADA STATE

CERTIFIES

That the entry of registry transcribed below, which it’s original is registered in the N° 49 of tome: 37 – Act of Year 2006,As well as the PARTICIPATION, NOTE AND DOCUMENT copied below, are faithfully translated from its originals, worded as follows

DOUBLE SEAL (center and right)(Ink seal)

THIS FOLIO BELONGS TO:PROYECTOS Y CONSTRUCCIONES MALFER C.A.MOD/63/EVA

(Handwritten in script) SEALMINISTRY OF POPULAR POWER

*****

BOLIVARIA REPUBLIC OF VENEZUELA

FOURTH COMMERCIAL REGISTER OF THE JUDICIAL CIRCUMSPECTION OF THE CAPITAL DISTRICT AND MIRANDA ESTATE.

REGISTRATION HOLDER

YANOSSELI COLMENARES DE ANDRADE

ABOVE HANDRWRITTEN: STAMPERS: 38: (right stamp) SAREN Independent Regisrtry and Notarial Services

(ILLEGIBLE AT THE END) DATE OF ISSUE :07/09/2012 (SEAL) MINISTRY OF POPULAR POWER FOR INTERIOR RELATIONS PROCESS NUMBER: 223.2012.3.6582 202 ° y 153°AND JUSTICE BOLIVARIAN REPUBLIC OF VENEZUELA Since the PUB emission has Thirthy (30) Day validity beforeINDEPENDENT REGISTRY AND NOTARIAL SERVICES cancellation; once the forthcoming cancellation takes

place it has a non-renewable validity of sixty (60) days, to present the document. Once the intervals have been exhausted, the PUB is rendered null and void, and a new PUB should be issued to complete de procedures, thus the related amount must be cancelled again.

.

SOLE BANK TEMPLATE

Spreadsheet Numer: 22300086475

EVENT TYPE: MODIFICATION TO THE DOCUMENT COMMERCE CORPORATION ()

CONTROL NUMBER : 027-3606-5774 (4)

APPLICANT´S NAME AND LAST NAMEELIZABETH CARLOTA DOMINGUEZ DE GARCIA

PAYMENT METHOD

N°CHECK/

APPROVAL

Ammount

(BsF=New

Bolivars)

APPLICANTS C.I./RIF/PASSPORT(ILLEGIBLE N°).517.669

ACTUAL AMOUNT

NAME AND LAST NAME OF DEPOSITOR

MANAGER CHECK/OF THE SAM

ONLY FOR THE USE OF SAREN

ISSUER OFFICER OFFICIAL RECEIVER

REVIEW OFFICER

NOTARY/REGISTRANT

Names and Last NamesIdentification card

ChargeDateSignature(Double stamped seal over the above chart) Stamp of the Office: COLLECTING BANKS Stamp and Signature of the Bank 3Carlos LedesmaC.I. 989.266

Bolivarian Republic of Venezuela 003- Industrial Bank of Venezuela

0175- Bicentenario Bank 0102- Bank of Venezuela

0108- Provincial Bank 0163- Treasure Bank

(STAMPED SEAL)BANCO DEL TESORO, C.A.

UNIVERSAL BANK, OFFICE CHACAITOSEPT.19 2012

RECEIVED-PAYEEBANK CASHIER N° 4

N° MI

11059711

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS ON

INCOME LEVELS OF INDIVIDUALS

Addressed to all stakeholders:

We have examined all documents relating to the revenue received from January 2013 to February 2014: of citizen DORA HILDA CARRERO PEREZ holder of the identity card Rif N° V-08.086.429-5; pertaining to her activities as President of the business firm Proyectos y Construcciones Malfer. This commitment was performed in accordance with generally accepted review standards for individual income N° 5 (SECP-5) published by the Venezuelan Federation of Public Accountants. The sufficiency of the information submitted for review is responsibility of the stakeholder.

Our job consisted, mainly on the review of the documentation attached to the present document to obtain reasonable assurance as to whether the amount of revenue based on the submitted documentation is free of material misstatement.

Based on our review, the attached income revenue, belonging to citizen DORA HILDA CARRERO PEREZ, covering the period from January 2013 to February 2014, Is reasonably stated based on the  the documentation submitted.(LOGO)

COLORZULIANO C.A.

RIF. J-29916936-6

Maracaibo, April 28, 2014.

TO WHOM IT MAY CONCERN

We state hereby, that the company PROYECTOS Y CONSTRUCCIONES MALFER C.A., RIF.: J-31151223-3 has maintained a commercial relationship with our company for three (3) years, demonstrating integrity and excellent responsibility in the fulfillment of the contracted obligations. 

Currently has an assigned a credit limit of six (6) average figures issued in 30 day invoices, which are cancelled at our complete satisfaction, that’s another reason we strongly recommend them.

Sincerely,

ADRIANA GONZALEZ

MANAGER

AV.CIRCUNVALACION 2. C.C. LOS ARCOS, NIVEL PB LOCAL, 11 SECTOR SAN MIGUEL TELF. 0261-7889009

AV 17 C.C RIMA LOCAL 102-109 SECTOR DE LOS ATICOS. DETRÁS DE LA TERMINAL DE PASAJEROS. TELF. 0261-7232015 / 7212498 / 7211282 MOVIL: 0414-6549886

LOGO)JSB & ASOCIADOS C.A.Business Administrator

Yolanda Arias & Asociados

San Antonio de los Altos, September 10, 2014

GentlemenBank Of America DoralFlorida USAPresent

In representation of the Business Administration corporate entity Yolanda Salas Biord, YSB & Asociados, I hereby acknowledge that the company PROYECTOS Y CONSTRUCCIONES MALFER C.A. located in San Antonio de los Altos, Estado Miranda, Venezuela, is a client of my represented, who provides them the revenue services, that I list below.

1.- General accounting.

2.- Definite and estimate Income Tax (yearly).3.- Value Added Tax VAT (monthly).4.- Municipal Tax, Los Salias Estado Miranda, City Hall.5.- Compulsory Social Security.6.- National Institute for Socialist Educational Cooperation INCES (quarterly).

All reports are presented before the Government departments of Venezuela.

That is all for the present,

Sincerely,___________

Yolanda Salas Biord

Avenida Los Salias , Oficentro El Picacho, Piso 4, Ofic. 4-E. San Antonio de los Altos, Edo. Miranda, Venezuela Zona Postal 1204. Tel. +582123710751 -

+582123713343

________________________Lcda. Anmar M. Mendoza U

Rif. V08504833-0 / CPC 48311

San Antonio de los Altos 17/02/2014

(SELLO)

SEAL

(April 19 of 1810 -

February 19 1869

Independence Federation

Republic of Venezuela)

BOLIVARIAN REPUBLIC OF VENEZUELA

MINISTRY OF THE INTERIOR AND JUSTICE

PROPERTY REGISTRY

MUNICIPALITY OF LOS SALIAS MIRANDA ESTATE

Registered Document

No: 23 Protocol: 1°- Volume: 12 .

(ELEVEN) 11 of October of 200 2 .

ATTORNEY EMMA ROSA PALENCIA

HOUSING REGISTER

Panamericana Highway. Km.16 Comercial Center La Casona 2, Floor 3.. Locals: N3 – 15 and N3-16. Telephone: 372.61.29.