Carta circularizacion

Dear Sirs;

For purposes of the review that practice our auditors, BDO Audit AGE SA, we kindly complete and return the following report directly to email libarra@bdo.com.co, ldiaz@bdo.com.co, fax pdelgado@bdo.com .co (571) 2368407 in Bogota. If no balances related to some of the products, please indicate "NO"

Sincerely, _____________________

                   ADRIANA VERGEL

             ADMINISTRATIVE Y FINANCIAL MANAGER

BANCO DE BOGOTÁ S.A – MIAMI AGENCY

ATN, MS. CONSTANZA PERALTA

Corporate Banking Manager

 701 Brickell Avenue, Suite 1450

Miami, Florida 33131 USA

+1 (305) 371-4201 EXT 627

cperalta@bdbmiami.com

1.    We hereby inform you that at close of business on December 31, 2015, our books showed the (the) following balances for bank accounts or by

2.   We also reported that the said depositor, the close of business on that date was indebted to us directly, by way of loans, worth
$        , composed as follows;

3.    Other liabilities direct or contingent, open letters of credit and charges, etc.:

4.    Accompany details of securities in custody and other documents that affect customer.

5.    Authorized Signatures and driving conditions.

DATE_____________________                AUTHORIZED SIGNATURE__________________

                                                                                      BANK

NOTE: If more than, one account, please fill one form per each.

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