0001019155-10-000181 Sample Contracts

AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of March 18, 1997
Deposit Agreement • May 5th, 2010 • Bank of New York / Adr Division • American depositary receipts • New York

DEPOSIT AGREEMENT dated as of March 18, 1997 among CRESUD S.A.C.I.F. y A., a company incorporated with limited liability under the laws of the Argentine Republic (herein called the Issuer), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners (as hereinafter defined) and holders from time to time of American Depositary Receipts issued hereunder.

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THE BANK OF NEW YORK
Bank of New York / Adr Division • May 5th, 2010 • American depositary receipts

Re: Deposit Agreement, dated as of ___________, 1997 (the "Deposit Agreement") by and among Cresud S.A.C.I.F. y A, The Bank of New York, as Depositary, and the Owners and holders of American Depositary Receipts

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