Meetings of the Board of Directors of the Corporation

(1) The Board of Directors of the Corporation shall meet not less than once in every month and at such other times as may be necessary or expedient for transacting its business. (2) The Chairperson may at any time summon a meeting of the Board of Directors of the Corporation and on a requisition by any three members he shall summon a meeting. (3) Such requisition shall state the object for which the meeting is required to be summoned. (4) In cases in which the Chairperson shall so direct, decisions of the Board of Directors of the Corporation may be taken by the recording of the opinions of members on papers circulated among them. (5) Where papers are circulated, the Chairperson may direct that the papers shall not be circulated to any member who through interest, illness, absence from Belize or otherwise is, in the opinion of the Chairperson, incapacitated from voting on such papers. (6) The quorum of the Board of Directors of the Corporation at any meeting or for the purpose of recording the opinions of members on papers circulated shall be four, but subject thereto the Board may act notwithstanding any vacancy in the number of its members. Belize Marketing and Development Corporation 13 (7) The decisions of the Board of Directors of the Corporation shall be by the majority of votes, and in any case in which the voting shall be equal, the Chairperson shall have a second or casting vote. (8) In the absence of the Chairperson, the members present shall appoint one of their number to act as Chairperson of any (9) Minutes, in which shall be included decisions arrived at after circulation of papers, of each meeting in proper form shall be kept by the Chairperson or secretary and shall be confirmed by the Chairperson at the next succeeding meeting, and certified copies of such minutes when so confirmed shall be forwarded to the Chief Executive Officer.