Common use of Documentation under British Virgin Island Law Clause in Contracts

Documentation under British Virgin Island Law. In addition to the foregoing, the Debtor shall deliver to the Secured Party the following (on the date hereof, unless otherwise set forth below) in form and substance acceptable to the Secured Party as security in accordance with the terms of this Agreement: (i) an executed and undated letter of resignation from each director of BVI Columbia in form and content satisfactory to Debtor and Secured Party; (ii) a signed, undated shareholder proxy and power in favor of the Secured Party in form and content satisfactory to Debtor and Secured Party; (iii) a certified true copy of the resolution passed by BVI Peru on or before the date hereof amending, to the extent necessary, BVI Peru memorandum and/or articles of association in form and content satisfactory to Debtor and Secured Party with evidence to the reasonable satisfaction of the Secured Party that an extract of such resolutions and/or an amended and restated version of the BVI Peru memorandum and/or articles of association has been filed at the Registry of Corporate Affairs in the British Virgin Islands (the “Registry”); (iv) a blank signed and undated transfer power in respect of the Equity Interests in form and content satisfactory to Debtor and Secured Party; (v) cause BVI Peru to execute the acknowledgement and undertaking in form and content satisfactory to Debtor and Secured Party and within three (3) business days from the date hereof, provide an executed original thereof to the Secured Party; and (vi) a fully executed Notice of Pledge in the form set forth in Annex A hereto.

Documentation under British Virgin Island Law. In addition to the foregoing, the Debtor shall deliver to the Secured Party the following (on the date hereof, unless otherwise set forth below) in form and substance acceptable to the Secured Party as security in accordance with the terms of this Agreement: (i) an executed and undated letter of resignation from each director of BVI Columbia in form and content satisfactory to Debtor and Secured Party; (ii) a signed, undated shareholder proxy and power in favor of the Secured Party in form and content satisfactory to Debtor and Secured Party; (iii) a certified true copy of the resolution passed by BVI Peru Colombia on or before the date hereof amending, to the extent necessary, BVI Peru Colombia memorandum and/or articles of association in form and content satisfactory to Debtor and Secured Party with evidence to the reasonable satisfaction of the Secured Party that an extract of such resolutions and/or an amended and restated version of the BVI Peru Colombia memorandum and/or articles of association has been filed at the Registry of Corporate Affairs in the British Virgin Islands (the “Registry”); (iv) a blank signed and undated transfer power in respect of the Equity Interests in form and content satisfactory to Debtor and Secured Party; (v) cause BVI Peru Colombia to execute the acknowledgement and undertaking in form and content satisfactory to Debtor and Secured Party and within three (3) business days from the date hereof, provide an executed original thereof to the Secured Party; and (vi) a fully executed Notice of Pledge in the form set forth in Annex A hereto.