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important.

The CEC considered important to look once more on the benefits of the proposed agreement itself, and to analyze what some associations, federations and platforms, as well as certain law firms, are called "cons " giving real consideration to their naturalization papers when, they do not cease to be mere value judgments about the overall context of a situation is certainly complex, for all that surrounds AFINSA intervention, but by no means insurmountable.

I. The key advantages of the agreement are: A.

- It supplies 50% of investments made within a maximum of five years and the outcome of the complaint to state property, which in their case, their representatives properly submitted legal.

B. - Lets have:

• Of the total awarded philately and the client may in turn, sell or hold.

• Of the share allocated to the shares of the Company, commensurate with their investment-with the rights that entails.

A highlight, among others:

• The right to a proportionate share of the outcome of the complaint to state property that have made shareholders, made by Gomez de Liano Office, which is also compatible with who had made , where the clients themselves.

• Right to sell shares at any time.

• Right to receive dividends, vote at the meeting of shareholders of the company, etc.

For analysis of what third party is seen as disadvantages "insurmountable" and analyzing the situation objectively at all they are, have the following:

• does not have an endorsement . Indeed. It was not possible, despite many efforts, due to the blockade and negative industry and regulatory agencies to support Afinsa, but the incorporation of a guarantee is not at all a hopeless condition for the implementation of Convention, as there was once an obstacle to the judge declared admissible.

currently Afinsa can only rely on their own and those delivered by shareholders.

• Feasibility Plan outdated : The raised areas are booming, but real estate can be in the future if the crisis is slashing the supply of operators which for 2010 will be reactivating the sector. In any case, these plans are logically updatable.

• not have a sales network : Afinsa can hire the best professionals in the future market for a solid project, which may be former employees of the company or from the professional market that exists today.

• The sale of stamp collecting is impossible - the image is Afinsa impaired -: In a global market and trade promotion strategy and appropriate (name change, institutional promotion relaunch, etc) can maximize the value of philately in a reasonable time.

• The judge may oppose the Convention : The previous judge CONTENT AND AGREED TO THE CONVENTION ON YOUR DAY, AND ANY OF THE PARTIES OVER 300 PEOPLE appealed against that decision and, therefore, the content of the Convention is the sufficiently validated to the judge to consider its implementation once achieved 50% of adherence to it.

Sincerely,
Afinsa Convention Commission. Afinsa

Convention Commission