Interim Boards of Directors

(1) Upon the commencement of this Order, the existing Boards of Directors of Belize Telemedia Limited (hereinafter referred to as “Telemedia”) and of all of its subsidiaries shall cease to function and the Minister shall forthwith appoint interim Boards of Directors of Telemedia and its subsidiaries by notice published in the Gazette, who shall manage and regulate the affairs of their respective companies until such time as new Boards of Directors can be appointed in accordance with the Articles of Association and the reconstituted capital structure of Telemedia and its subsidiaries. (2) Every person (including a director) who in any manner impedes or obstructs the interim Boards of Directors appointed under subparagraph (1) above from taking over the management and control of Telemedia and its subsidiaries commits an 48 Telecommunications offence and is liable on summary conviction to a fine not exceeding five thousand dollars for each day the offence continues, or to imprisonment for a term not exceeding two years, or to both such fine and term of imprisonment.