SCHEDULE A Functions and Structure of the Liberia Telecommunications Corporation 1. The National Operator Designee It is hereby established that the Liberia Telecommunications Corporation shall continue to exist and do business in accordance to the purpose, powers and capacities specified in SCHEDULE A; SECTION 2. 2. Purposes, Powers and Capacities of the Corporation (a) The general purpose and capacity of the Corporation is to establish and operate all manner of telecommunications facilities, and to provide telecommunications services, as provided for in one or more licences issued by the LTA. (b) The Corporation shall have the power and capacity to: (i) establish subsidiaries or affiliated companies, and to enter into partnerships or joint ventures including with private investors; (ii) own, lease and otherwise acquire, use and dispose of lands and all other forms of tangible or intangible properties; (iii) borrow money and engage in other financial transactions, in accordance with the Articles and Memorandum of Incorporation, bylaws and other applicable rules of the corporation; (iv) enter into all other contracts and transactions, in accordance with the Articles and Memorandum of Incorporation, bylaws and other applicable rules of the corporation; (v) sue and be sued, and to represent itself in any other legal process or proceedings; (vi) do all other things determined by the Board of Directors of the corporation, in accordance with the Articles and Memorandum of Incorporation and the bylaws and other applicable rules of the corporation; and (vii) do all other things provided for in the Public Utilities Authority Law or the Liberia Corporation Law. (c) The Corporation shall be solely responsible for revenue collection, its own expenditures and other financial administration and all related financial obligations of the corporation.