Right of Collection against a UTE

For sale through auction is the right of collection of the bankrupt against a Temporary Union of Companies "Posmocan Los Gavilanes".

According to what was detailed in the inventory by the previous Bankruptcy Administration, this item included the loan subscribed between a company, as lender, and the aforementioned UTE, as borrower, on March 12, 2008, for an amount of 7,831,500 euros, with the maturity date of said loan being 20 business days prior to March 13, 2018; and it was contributed to the bankrupt entity by the lending company in payment for the subscription of 261,050 new shares of the bankrupt, numbers 304,681 to 565,730, with a nominal value of 2,610,500 euros and a total issuance premium of 5,221,000 euros, after the lending company participated in the capital increase agreed by the Universal General Meeting of the bankrupt on March 27, 2013. This credit was valued at the time at its nominal value (7,831,500.00 €), although, considering that the loan is currently overdue and the lack of information regarding the debtor's solvency, it has been decided to value it at 50% of its nominal value.