Designation of Toledo CFZ

The area described in the Schedule hereto, situate in the Toledo District, is hereby designated as a Commercial Free Zone. MADE by the Commercial Free Zone Management Agency by a two-thirds majority this 5th day of August, 2003. (FLORENCIO MARIN) Chairman Commercial Free Zone Management Agency 20 Free Zones SCHEDULE DESCRIPTION OF THE TOLEDO FREE ZONE ALL THAT piece or parcel of land comprising of 197 acres of land as shown on Entries 496 and 4092 and situate along the sea coast, now or formerly the ‘VOA’ Station Site, Toledo District and being more particularly described as followsCommencing at a concrete pillar labelled B with scale UTM coordinates 304841.178E, 1779329.991N Entry 469, Register 5, thence on a grid bearing of 90°30’06" for a distance of 382.356 metres to a concrete pillar, thence on a grid bearing of 180°30’06" for a distance of 151.838 metres to a concrete pillar, thence on a grid bearing of 90°30’06" for a distance of 840.504 metres to a concrete pillar, thence on a grid bearing of 180°30’06" for a distance of 465.959 metres to a concrete pillar, thence on a grid bearing of 270°30’06" for a distance of 37.484 metres to a concrete pillar, thence on a grid bearing of 180°30’06" for a distance of 70.953 metres to a concrete pillar, thence on a grid bearing of 270°30’06" for a distance of 396.701 metres to a concrete pillar, thence on a grid bearing of 331°45’33" for a distance of 194.458 metres to a concrete pillar, thence on a grid bearing of 235°43’36" for a distance of 190.242 metres to a concrete pillar, thence on a grid bearing of 180°30’00" for a distance of 208.693 metres to a concrete pillar, thence in a westerly direction along the sea coast for a distance of approximately 585 metres to a concrete pillar labelled 33 on Entry 4092, Register 15, thence on a grid bearing of 00°30’06" for a distance of 334.804metres to concrete pillar, thence, on a grid bearing of 90°30’06" for a distance of 32.333 metres to a concrete pillar, thence on grid bearing of 00°30’06" for a distance of 444.421 metres to a concrete pillar labelled 8 which is the point of commencement.