1. Incorporation, corporate power, capacity and authorization of an Italian company

In connection with the capacity and authorization of an Italian company to enter into ISDA or GMRA master agreements, a Italian lawyer must check and control the copies of the accessible and public records of the company, the Registration Statement, the Company Statute and the Company bylaws, with regard to the prospective negotiation of any new Master netting Agreement.

This examination of available documentation is necessary and opportune in order to verify