WHEREAS the Parties and the Tribunal have signed the Terms of Appointment dated March 4, 2014.

WHEREAS the Tribunal held a First Procedural Meeting with the Parties on May 13, 2014, in Bogota, Colombia.

WHEREAS this Procedural Order records the agreements of the Parties on procedural matters reached at the First Procedural Meeting, and, having taken into account the Parties’ comments, records the Tribunal’s decisions on matters that the Parties submitted to it for determination.

1. Continuation in Force of Prior Orders

1.1 The provisions of this and future orders shall apply in addition to the Terms of Appointment executed by the Parties and the Tribunal.

1.2 Procedural orders made by the Tribunal shall remain in force unless expressly amended or terminated.

2. Place of Arbitration

2.1 Pursuant to Article 18(1) of the UNCITRAL Rules, having regard to the circumstances of the case and the positions of the Parties, the place of arbitration is fixed at The Hague, the Netherlands.

2.2 Pursuant to Article 18(2) of the UNCITRAL Rules, having considered the Parties’ positions, unless otherwise agreed by the Parties and the Tribunal, meetings and hearings shall take place at either Bogota (Colombia) or Washington DC (USA), as decided by the Tribunal after consultation with the Parties for each hearing or meeting. The Tribunal may meet at any location it considers appropriate for deliberations.