As established in Law 21 of 2017, the fiduciary may carry out the following activities without having to request authorization from

the Superintendency of Banks of Panama:

· Establish and manage trusts in accordance with the provisions of the law.

· Manage bank accounts and escrow accounts.

· Provide financial consulting services.

· Act as a representative with the right to vote in meetings of the shareholders ‘or partners’ meeting and act as representatives of holders of bonds and other securities.

· Act as custodians of shares, documents and securities.

· Carry out any other activity complementary to the fiduciary activity authorized by the superintendent of banks in a general or individual way.