1. Issuance of negotiable obligations in an aggregate amount of up to US$650,000,000 (Six hundred and fifty million United States Dollars) and the repurchase or redemption of the Company’s negotiable obligations that remain outstanding as of the date hereof; delegation of authority in favor of the Company’s board of directors for it to adopt any agreements as may be necessary or convenient in order to determine the terms, conditions, characteristics and timing of the Company’s program governing such negotiable obligations and of the repurchase or redemption of the Company’s negotiable obligations that remain outstanding as of the date hereof.