6) The fees collected by the Authority in return of the services it performs. 7) Any fees or other contributions imposed on Licensees according to the License provisions or regulations issued by the Authority. 8) Returns on investments made by the Authority. 9) Loans and credit facilities. 10) Grants, donations, gifts, aids, testaments or assistance received by the Authority, subject to the approval of the Prime Minister. 11) Appropriations allocated to the Authority in the State's public budget. 12) Any other resources approved by the Prime Minister. Chapter Four – The SyTC Article 18 Formation and Purpose of SyTC (a) A joint stock company called “The Syrian Telecommunications Company” (”SyTC”) shall be formed in the Syrian Arab Republic. The State, represented by the Public Treasury, shall own all its shares. (b) The main purpose of the Company shall be to provide Telecommunications Services to the public, in compliance with the provisions of this Law. The Company operates under the government guarantee. Its funds and assets are private State property Article 19 Compliance with the Law of Commerce and Companies (a) The Company is subject to the Law of Commerce and the Companies’ Act as then in force, and their amendments, in the absence of any specific provisions herein. (b) The Company's Articles of Association shall be issued by Resolution of the Council of Ministers, according to the laws and regulations in force, except if stated otherwise herein. The Articles shall set out in particular the composition of the general assembly of the Company. The process for publishing the Company's Articles, and registration in the commercial register, shall be subject to the Law of Commerce and the Companies’ Act as then in force, in a manner not inconsistent with the provisions of this Law. (c) All financial, accounting, procurement, labor and employment bylaws of the Company shall be issued by resolution of the Council of Ministers. (d) The Board of Directors of the Company shall prepare its remaining bylaws. 20

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