Escision Agreement Sample Contracts

ESCISION AGREEMENT
Escision Agreement • March 7th, 2011 • Grupo Aval Acciones Y Valores S.A. • Commercial banks, nec

The undersigned legal representatives of GRUPO AVAL ACCIONES Y VALORES S.A. and RENDIFIN S.A., companies with domicile in the city of Bogota D.C., taking into account that the companies wish to engage in a partial escision, do hereby agree to submit to the consideration of their respective General Shareholders Meetings, for their approval, the Escision Agreement that, in due fulfillment of requirements imposed by Article 4 of Law 222 of 1995, is presented in the following clauses:

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ESCISION AGREEMENT
Escision Agreement • June 30th, 2011 • Grupo Aval Acciones Y Valores S.A. • Commercial banks, nec

The undersigned Legal Representatives of GRUPO AVAL ACCIONES Y VALORES S.A., INVERSIONES ESCORIAL S.A. (hereinafter “Escorial”) and POPULAR SECURITIES S.A. (hereinafter “Popular”), companies domiciled in Bogotá D.C., taking into account that there is a willingness to engage in a partial escision, do therefore agree to submit to the consideration of their respective Shareholders Meetings, for their approval, the escision agreement that, upon due fulfillment of the requirements imposed by Article 4 of Law 222 of 1995, is incorporated in the following clauses:

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