Commencement

This Order shall take effect from the 25th day of August, 2009. MADE by the Minister responsible for Telecommunications this 4th day of July, 2011. Telecommunications 57 (MELVIN HULSE) Ag. Minister responsible for Telecommunications APPROVED by the Minister of Finance this 4th day of July, 2011. (DEAN O. BARROW) Minister of Finance __________ 58 Telecommunications SCHEDULE I PART I A - SHARES IN BELIZE TELEMEDIA LIMITED The following shares in Belize Telemedia Limited (“Telemedia”) held by the persons shown in the statutory return for 2008 filed by Telemedia in the Belize Companies and Corporate Affairs Registry on or about the 5th January 2009Name of Shareholder Address No. of Shares acquired 1. BCB Holdings Limited P. O. Box 1764, Belize City 1,234,859 2. BTL International Inc. P. O. Box 71, Tortola, BVI 895,552 3. BTL Investments Limited BTL, St. Thomas Street Belize City 750,000 4. ECOM Limited P. O. Box 1764, 212 North Front St., Belize City 15,178,488 5. Mercury Communications Limited P. O. Box 1764, 212 North Front St., Belize City 4,786,230 6. New Horizons Inc. 212 North Front St. Belize City 20,581 Telecommunications 59 7. Sunshine Holdings Limited P. O. Box 1258, 212 North Front St., Belize City 11,092,844 8. Thiermon Limited 212 North Front St., Belize City 12,886,959 Total number of Shares acquired 46,845,513 B-SHARES IN BTL PIGICELE LIMITED Name of Shareholder Address No. of Shares acquired Rocky Reef Ventures Limited 212 North Front St. Belize City 1 C-SHARES IN BUSINESS ENTERPRISE SYSTEMS LIMITED Name of Shareholder Address No. of Shares acquired Rocky Reef Ventures Limited 212 North Front St. Belize City 1 D-SHARES IN TELEMEDIA (FREE ZONE) LIMITED Name of Shareholder Address No. of Shares acquired Rocky Reef Ventures Limited 212 North Front St. Belize City 1 60 Telecommunications E-SHARES IN SUNSHINE HOLDINGS LIMITED Name of Shareholder Address No. of Shares acquired Dean Boyce 212 North Front St. Belize City 1 Trustees of the Belize Telecommunications Ltd Employees Trust 212 North Front St. Belize City 1 F-SHARES INTELEMEDIA INVESTMENTS LIMITED Name of Shareholder Address No. of Shares acquired Rocky Reef Ventures Limited 212 North Front St. Belize City 1 PART II OTHER PROPERTY ACQUIRED All proprietary and other interests held by The Belize Bank (Turks and Caicos) Limited (renamed British Caribbean Bank Limited) in Belize Telemedia Limited and its subsidiaries under a Mortgage Debenture dated the 31st December, 2007 (including any amendments thereto) executed between Belize Telemedia Limited as the Mortgagor and The Belize Bank (Turks and Caicos) Limited as the Mortgagee, and registered in the Companies and Corporate Affairs Registry, Belmopan, on or about the 8th February, 2008; All proprietary and other rights and interests whatsoever held by The Belize Bank (Turks and Caicos) Limited (renamed British Caribbean Bank Limited), under a Facility Agreement dated the Telecommunications 61 6th July, 2007 executed between The Belize Bank (Turks and Caicos) Limited and Belize Telemedia Limited et al; All proprietary and other rights and interests whatsoever held by The Belize Bank (Turks and Caicos) Limited (renamed British Caribbean Bank Limited), The Belize Bank Limited and CAEDMAN Limited under a Syndicated Loan Agreement dated September 19, 2005 executed between The Belize Bank (Turks and Caicos) Limited, The Belize Bank Limited. CAEDMAN Limited and Sunshine Holdings Limited; All proprietary and other rights and interests whatsoever held by The Belize Bank (Turks and Caicos) Limited (renamed British Caribbean Bank Limited), under a Security Agreement dated September 19, 2005 executed between The Belize Bank (Turks and Caicos) Limited and Sunshine Holdings Limited; All proprietary and other rights and interests whatsoever held by The Belize Bank (Turks and Caicos) Limited (renamed British Caribbean Bank Limited), under a Facility Agreement dated the 19th May, 2006 executed between The Belize Bank (Turks and Caicos) Limited, Sunshine Holdings Limited and the Trustees of the Belize Telecommunications Ltd Employees Trust. __________ 62 Telecommunications SCHEDULE II [paragraph 3] INTERIM BOARD OF DIRECTORS OF BELIZE TELEMEDIA LIMITED AND ITS SUBSIDIARIES FROM 25TH AUGUST 2009 TO 31ST JANUARY 2011 Name Address 1. Nestor Vasquez – Executive Chairman P O Box 371 Belize City 2. Alan Slusher- Director Office of the Prime Minister Belmopan 3. Audrey Wallace – Director Office of the Prime Minister Belmopan 4. Ambrose Tillett – Director 8278 Cumberbatch Street Lake Independence Belize City 5. Anwar Barrow — Director Quick Stop Personal Finance Center Capital Garden Plaza Belmopan 6. Col George Lovell – Director Curl Thompson Building Belmopan 7. Rt Hon Manuel Esquivel – Director Office of the Prime Minister Belmopan 8. Dr Carla Barnett – Director 467 Dolphin Drive P O Box 269 Belize City __________ Telecommunications 63 SCHEDULE III INTERIM BOARD OF DIRECTORS OF BELIZE TELEMEDIA LIMITED AND ITS SUBSIDIARIES FROM 1ST FEBRUARY 2011 Name Address 1. Nestor Vasquez - Executive Chairman P O Box 371 Belize City 2. Audrey Wallace – Director Office of the Prime Minister Belmopan 3. Ambrose Tillett – Director 8278 Cumberbatch Street Lake Independence Belize City 4. Col George Lovell – Director Curl Thompson Building Belmopan 5. Rt Hon Manuel Esquivel Director Office of the Prime Minister Belmopan 6. Dr Carla Barnett – Director 467 Dolphin Drive P O Box 269 Belize City 7. Mr Ariel Mitchell – Director Mitchell Moody & Associates 22 St. Thomas Street Belize City 8. Mr Paul Jones – Director P O Box 2352 Belize City __________