Commencement

These Regulations shall come into force on the1st Day of October, 2004. MADE by the Gaming Control Board this 1st day of October, 2004. (CRESCENCIO SOSA) Chairman Gaming Control Board APPROVED by the Minister this 1st day of October, 2004. (SAID W. MUSA) Minister responsible for Gaming Control Gaming Control 261 FIRST SCHEDULE [Regulation 4] APPLICATION FOR ONLINE GAMING LICENCE PART A General Notes and Information to Applicants 1. All applications for an online gaming licence are governed by the provisions of the Act and these Regulations. 2. The Board shall not be liable for any adverse public notices, embarrassment, criticism or financial loss to the applicant which may result from action taken with regard to this application. 3. The applicant shall be responsible for the payment of any expenses incurred by the Board during the course of processing the application. 4. The applicant is responsible for furnishing to the Board, with this application, the following support documents, namely– (a) the Memorandum and Articles of Association of the applicant; (b) copies of the audited accounts of the applicant comprising balance sheets and profit and loss accounts for the last three years, including the most recent; (c) if the applicant is a holding company with subsidiary, companies, the Memorandum and Articles of Association of each such subsidiary company; 262 Gaming Control (d) if the applicant is a subsidiary company of a holding company, the Memorandum and Articles of Association (e) particulars of each person who is a shareholder, director, partner, secretary or manager of the applicant if the applicant is a company; (f) particulars of every person not referred to in paragraph (e) above who has any financial interest, direct or indirect, in the subject of this application; (g) a full set of fingerprints of the persons referred to in paragraph (e) and (f) above; (h) a copy of the personal identification card and two recent black and white photographs of each of the persons referred to in paragraphs (e) and (f) above; (i) where a person referred to in paragraphs (e) and (f) above is a naturalized citizen or permanent resident of another country, a copy of the naturalization documents. 5. Applicants are warned that the discovery of any material falsification or omission of information required may result in the Board's refusal to grant a licence. Where false particulars are discovered after the grant of a licence, such licence may be cancelled. 6. Any change in the particulars furnished in respect of an application should forthwith be communicated to the Board if such change occurs before the grant of a licence. 7. An applicant should specify the name, postal address, telephone number, fax number and e-mail address of the person Gaming Control 263 with whom the Board should communicate in respect of the application. 8. When completed, all the documents related to this application should either be personally delivered to the Board or sent thereto by prepaid registered mail addressed to the attention of the Chairman at the following addressThe Chairman Gaming Control Board C/O Ministry of Finance (revenue) New Administration Building Belmopan BELIZE, C.A. PART B Specific Company Details 9. State the full name of the Company. 10. State the principal place of business of the company, and the company's registered office. 11. State the date of incorporation of the company in Belize (N.B. Remember that the Memorandum and Articles of Association of the company will accompany this application). 12. State the amount of the registered capital of the company in Belize dollars, and the amount of the paid-up capital in Belize dollars. 13. If the company a holding company? Does it hold a controlling or other interest in any other company. Answer: (Yes No). If yes, provide details of the subsidiary companies, or the interest your company has in any other company. 264 Gaming Control 14. Is the company a subsidiary of another company. Answer: (Yes No). If yes, give full particulars of the holding company, including its registered office, and principal place of business, and address and attach a copy each of its Memorandum and Articles of Association. 15. If the answer to 14 is No, attach a full list of the names and addresses, telephone and fax numbers and e-mail addresses of the shareholders, debenture holders, mortgage holders and others with a financial interest in the company. In the case of those whose interest exceed 1% of the paid-up share capital of the company, state the amount of their interest. 16. Has the company ever been convicted of any offence in any country? Answer (Yes No). If yes, give full details of the court, the date of judgment, and the sentence passed. 17. Has the company ever received a civil judgment against it in any country? Answer (Yes No). If yes, give full details of the court, the date of judgment and the award given. 18. Has the company ever been the subject of a winding-up petition? Answer: (Yes No). If yes, give full details. 19. Give the name and address of the company's accountants and/or auditors. 20. Give a list of all bank accounts held by the company in the past and at present. PART C Particulars of Premises 21. Name under which premises are, or will be known. 22. Full postal address of the premises. Gaming Control 265 23. List the online games which will be played if the licence is approved (state ALL if all games will be played). 24. If the licence is approved, is it intended to raise additional capital to operate the online gaming business? Answer: (Yes No.). If yes, state the amount to be raised, and give full details of the source and supporting documents. 25. If the licence is approved, would the online gaming business be financially or otherwise connected with any other type of business? Answer: (Yes No.). If answer is Yes, please provide details of the other business, and the nature and extent of the connection. 26. List the names and addresses of all persons not listed in paragraph 15 above who will receive, directly or indirectly, any compensation or other benefit based on a percentage or share of the proceeds of the online gaming. Attach a copy of all related agreements. 27. Are the proposed premises where the online gaming will be conducted owned or leased by the applicant? Attach copies of certificates of title or lease agreements, and give full name and address of lessor or landlord and state the terms on which the premises are leased or rented, and whether the applicant is the lessee. 28. Who will have the day-to-day powers and responsibilities of controlling admissions into, and exclusions from the premises where the online gaming will be conducted from? Give full names and addresses of such persons. 29. Give the full names and addresses of those persons who, if a licence is granted, will exercise actual day-to-day control and/or management of the premises where the online gaming will be conducted from? 30. Has the applicant any previous management experience in controlling and managing online gaming operations? Answer: 266 Gaming Control (Yes, No). If Yes, please provide details, including the dates, and the particulars of any related licences (if any) issued. PART D Further Information and Declaration 31. Do you have any further information connected to this application which you wish to be taken into account by the Board when considering this application? Answer: (Yes No.). If yes, please specify. 32. The following declaration must be signed by the applicant's Chairman of the Board of Directors and any other Director, or by any two senior officials of the applicant. Gaming Control 267 DECLARATION I, WE hereby certify to the best of my/our knowledge and belief that the information given in this Application is complete and correct in all respects. FURTHER I/WE undertake to inform the Gaming Control Board within seven calendar days whenever any of the information given in this application ceases to be valid either wholly or in part, and/or whenever any of the particulars given in this Application are altered in any form whatsoever. 1. DATED ____________ SIGNED __________________ TITLE (DR.) (MR.) (MRS.) (MISS) (MS.) _____________ 2. DATED _____________ SIGNED _________________ TITLE (DR.) (MR.) (MRS.) (MISS) (MS.) _____________ 268 Gaming Control SECOND SCHEDULE [Regulation 5] 19 of 2006. FEES 1. The fees specified in Paragraphs 2 to 4 of this Schedule shall be paid by the applicant or the holder of an online gaming licence who operates or intends to operate from within Belize. 2. A non-refundable application fee of US$5,000.00 on application for the online gaming licence. 3. A licence fee of US$10,000.00 on the grant of the online gaming licence. 4. An annual renewal fee of US$10,000.00 on the renewal of each online gaming licence. 5. A holder of an online gaming licence who is an international business company, and who routes online gaming activities to or through Belize shall, in addition to paying the fees specified in Paragraphs 2, 3 and 4, also pay an annual routing fee equivalent to point seven five per centum (0.75%) of his annual gross revenues, or US$250,000.00, whichever is greater. Gaming Control 269 THIRD SCHEDULE [Regulation 9] ONLINE GAMING LICENCE BELIZE: WE ______________________________, THE GAMING CONTROL BOARD, hereby grant to ________________/ or to ___________________ a Company duly incorporated under the laws of Belize and having its registered office at ________________________________________________ This ONLINE GAMING LICENCE authorizing the said _______________/________________ Company to conduct online gaming from Belize. THIS LICENCE is granted subject to the following special conditions (if any)THIS LICENCE is issued subject to the provisions of the Gaming Control Act, and shall be in force from the _______ day of ____________ 20___ to the _______ day of _______________ 20 _______. DATED this ______ day of _______________ 20 ______ GIVEN under my hand and the seal of the Gaming Control Board. _________________________________ (CHAIRMAN) Gaming Control Board