ii. the Signal Distributor has no longer sufficient financial resources to meet its obligations in view of the nature and extent of the operation; iii. if the licensee, despite being requested to do so, fails to rectify its conduct or replenish its financial resources to a sufficient level within a reasonable deadline of at least three months. iv. if the licensee looses effective control of the license and/or the license ownership undergoes a change without the approval of the Regulatory Authority. b) The Regulatory Authority may suspend or revoke any license where after the grant of the license if it is found that the licensee: i. is guilty of fraud or intentional misrepresentation when applying for the license; ii. Is engaged in or is supporting activities amounting to a treasonable offence under the Penal Code of the Republic of Rwanda. c) Any intention to change control contemplated hereunder shall be notified immediately to the Regulatory authority for approval before the change of control is effective. The licensing authority shall decide on whether to cancel the license within twenty-one working days from the date of the notification failing which the licensed operator shall proceed with processing of the change of the control. Article 16: Fees Related to Licenses a) Fees to be levied by the Regulatory Authority for Signal Distribution licenses are as follows: i. For license applications, whether or not the application is successful: USD 1,000 ii. The license fees to be paid once: USD 104,000. The license fees are not refundable in case of suspension or revocation of the license for failure to fulfil any license obligation. iii. Annual fees payable by Public utilities of 1% of annual turnover for the contribution to the functioning of the Regulatory Authority iv. Annual contribution to the Universal Access Fund on the Turnover generated during the previous year. The annual contribution to the Universal Access Fund shall be determined by the Regulatory Board and shall not exceed 2.5 % of the annual Turnover. Page 11 of 14