ARTICLE 34:

By studying the request and, where appropriate, authorization to organize and operate as a Retirement Funds Administrator (Administradoras de Fondos para el Retiro)  or Specialized Retirement Fund Investment Funds (Sociedad de Inversión Especializada de Fondos para el Retiro), each Retirement Funds Administrator (Administradoras de Fondos para el Retiro)  or Specialized Retirement Fund Investment Funds (Sociedad de Inversión Especializada de Fondos para el Retiro), will pay rights according to the fee of: ................ $ 135,690.00