Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. and Mercantil Capital S.A., in the closing of the acquisition of Capital Bank, Inc.

Panama, December 12, 2022. Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (“MHFI”), and Mercantil Capital, S.A. (“Mercantil Capital”), subsidiaries of Grupo Mercantil, in relation to the closing of the Promissory Share Purchase Agreement (the “SPA”) dated June 29, 2022, by and among the shareholders of Capital Bank, Inc. (“Capital Bank”) as sellers (the “Sellers”),

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Morgan & Morgan advised Latin American Kraft Investments Inc. in the registration of revolving corporate bonds for an amount of up to US$60 million.

Panama, November 3, 2022. Morgan & Morgan represented Latin American Kraft Investments, Inc. (the “Issuer”), in the registration of revolving corporate bonds for an aggregate amount of US$60,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds

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Morgan & Morgan advised Latin American Kraft Investments, Inc. in the registration of revolving commercial papers for an amount of up to US$40 million.

Panama, November 3, 2022. Morgan & Morgan represented Latin American Kraft Investments, Inc. (the “Issuer”), in the registration of revolving commercial papers for an aggregate amount of US$40,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the revolving

legal

Morgan & Morgan outstands in The Legal 500 Latin America 2023.

Panama, October 20, 2022. With 27 attorneys and seven ranked practices, Morgan & Morgan heads the Panama chapter of The Legal 500 Latin America 2023 edition. In addition, eight practice areas receive the top Tier 1 ranking in the publication. The 27 attorneys of the firm recommended by this reference publication are: Allen Candanedo: Intellectual Property. Amanda Barraza:

Morgan & Morgan advised Corporación Andina de Fomento in the listing and placement of a Series of Set-Up Fixed Rate Notes for an amount of up to US$200 million.

Panama, September 30, 2022. Morgan & Morgan represented Corporación Andina de Fomento (CAF- Development Bank of Latin America) (the “Issuer”), in the listing and placement through the Latin American Stock Exchange (“Latinex”) of a Series of Step-Up Fixed Rate Notes for an aggregate of US$200,000,000 (the “Notes”), under the US$30,000,000,000 Medium Term Note Programme. The

Morgan & Morgan advised MMG Bank Corporation in connection with a financing to be granted in favor of Daconan Star Solar, S.A.

Panama, September 8, 2022. Morgan & Morgan represented MMG Bank Corporation (“MMG Bank”), as lender, in a financing to be granted in favor of Daconan Star Solar, S.A. (“Daconan”), to be used for expansion, by 2.64 additional megawatts of the capacity of a photovoltaic project called “Daconan Solar”, with an installed capacity of 3.24 megawatts,

Morgan & Morgan advised Cochez y Cía, S.A. in the registration of revolving corporate bonds for an amount of up to US$90 million.

Panama, September 7, 2022. Morgan & Morgan represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving corporate bonds for an aggregate of US$90,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds in multiple

Morgan & Morgan advised Cochez y Cía, S.A. in the registration of revolving commercial papers for an amount of up to US$10 million.

Panama, September 7, 2022. Morgan & Morgan represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving commercial papers for an aggregate of US$10,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds in multiple

Morgan & Morgan outstands in Chambers Latin America 2023.

Panama, August 30, 2022. Once again, Morgan & Morgan leads the Panama ranking in Chambers Latin America Guide 2023, the key reference point of Latin American top law firms. The firm achieved 21 top rankings in 7 practice areas, the highest number for a Panamanian law firm. The recommended attorneys are: Allen Candanedo: Intellectual Property.

Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (MHFI) in the execution of a promissory share purchase agreement for the acquisition of the majority stake in Capital Bank, Inc.

Panama, June 30, 2022. Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (MHFI), a subsidiary of Grupo Mercantil, in relation to the execution of the Promissory Share Purchase Agreement (the “SPA”) dated June 29, 2022, by and among the shareholders of Capital Bank, Inc. (“Capital Bank”) as sellers (the “Sellers”), and MHFI, as a buyer,