Designation of CFZ

The area described in the Schedule hereto, situate in the Corozal District, is hereby designated as a Commercial Free Zone. MADE by the Commercial Free Zone Management Agency by a two-thirds majority this 12th day of July, 1995. (EDWARD LONGSWORTH) Chairman Commercial Free Zone Management Agency Free Zones 7 SCHEDULE1 DESCRIPTION OF COROZAL FREE ZONE COROZAL DISTRICT Commencing from a concrete pillar with approximate UTM Coordinates of 204,4830 metres north and 352,485 metres east which is located at the western corner of parcels 175 and 176, Santa Elena., Registration Section, Block 1, Corozal, on a Bearing of 110-20-10 grid and for a distance 286.03 feet to another concrete pillar; Thence on a bearing 138-6-6 grid and for a distance 263.84 ft to another concrete pillar; Thence on a bearing 144-52-25 Grid and for a distance 77.34 ft to another CP; Thence on a bearing 135-13-20 grid and for a distance 188.17 ft to another CP; Thence on a bearing 146-35-05 grid and a distance 182.34 ft to another CP; Thence on a bearing 131-15- 13 grid and a distance 164.11 ft to another CP; Thence on a bearing 134-14-36 grid and a distance 353.76 ft to another CP; Thence on a bearing 114-40-11 grid and a distance 182.44 ft to another CP; Thence on a bearing 130-29-20 grid and a distance 234.08 to another CP; Thence on a bearing 127-11-40 grid and a distance 379.95 ft to another CP; Thence on a bearing 116-25- 10 grid and a distance 568.68 ft to another CP; Thence on a bearing 134-15-10 grid and a distance 403.70 ft to another CP; Thence on a bearing 154-29-50 grid and a distance 379.80 ft to another CP; Thence on a bearing 168-09-50 grid and a distance 371.80 ft to another CP; Thence on a bearing 154-55-35 grid and a distance 443.31 ft to another CP; Thence on a bearing 132-38- 05 grid and a distance 793.87 ft to another CP; Thence on a bearing 105-52-45 grid and a distance 247.48 ft to another CP; Thence on a bearing 235-53-40 grid and a distance 2,493.04 ft to another CP; Thence on a bearing 145-53-40 grid and a distance 321.37 ft to another CP; Thence on a bearing 227-59- 45 grid and a distance 310.00 ft to another CP; Thence on a bearing 297-58-26 grid and a distance 1,729.12 ft to another CP; Thence on a bearing 17-37-10 grid and a distance 1,165.09 ft to 1 This Schedule was inserted by S.I. 127 of 2007. 8 Free Zones another CP; Thence on a bearing 15-19-10 grid and a distance 265.55 ft to another CP; Thence on a bearing 10-33- 40 grid and a distance 474.61 ft to another CP; Thence on a bearing 336-49- 37 grid and a distance 189.36 ft to another CP; Thence on a bearing 8-12-12 grid and a distance 34.94 ft to another CP Thence on a bearing 2-32-32 grid and a distance 352.11 ft to another Cp; Thence on a bearing 351-13-54 grid and a distance 256.96 ft to another CP; Thence on a bearing 343-31-40 grid and a distance 116.55 ft to another CP; Thence on a bearing 328-07- 34 grid and 8 distance 116.55 ft to another CP; Thence on a bearing 312-43-28 grid and a distance 116.55 ft to another CP; Thence on a bearing 297-10.22 grid and a distance 116.55 ft to another CP; Thence on a bearing 289-37-09 grid and a distance 166.77 ft to another CP; Thence on a bearing 199-37-09 grid and a distance 854.45 ft to another CP; Thence on a bearing 289-37- 09 grid and a distance 601.77 ft to another CP; Thence on a bearing 19-37-09 grid and a distance 954.45 ft to another CP; Thence on a bearing 307-38-37 grid and a distance 24.79 ft to another CP; Thence on a bearing 318-58-10 grid and a distance 140.73 ft to another CP; Thence on a bearing 338-26-34 grid and a distance 140.73 ft to another CP; Thence on a bearing 352-08- 36 grid and a distance 54.83 ft to another CP; Thence on a bearing 01-52-46 grid and a distance 84.95 ft to another CP; Thence on a bearing 07-45-14 grid and a distance 710.14 ft to another CP; Thence on a bearing 09-48-1 grid and a distance 27.52 ft to another CP; Thence on a bearing 69-51-26 grid and a distance 189.84 to another CP; Thence on a bearing 164-02- 35 grid and a distance 142.81 to another CP; Thence on a bearing 71-20-0 grid and a distance 50.04 to another CP; Thence on a bearing 344-02-35 grid and a distance 190.00 ft to another CP; Thence on a bearing 71-58-05 grid and a distance 50 ft to another CP; Thence on a bearing 338-58-05 grid and a distance 18.75 ft to another CP; Thence on a bearing 41-44-05 grid and a distance 113.63 ft to another CP; Thence on a bearing 18-36- 20 grid and a distance 83.55 ft to another CP; Thence on a bearing 94-24-40 grid and a distance 53.80 ft to another CP; Thence on a bearing 93-03-38 grid and a distance 62.43; back to the concrete pillar at the point of commencement. This Free Zones 9 comprises of approximately 258.85 acres and a total perimeter length of about 18,295 feet (3.46 miles).