SCHEDULE 3

PART 1FORM OF APPLICATION FOR A TRANSMISSION LICENCE

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Note

References to shares—

a

in relation to an applicant with a share capital, are to allotted shares;

b

in relation to an applicant with capital but no share capital, are to rights to share in the capital of the applicant;

c

in relation to an applicant without capital, are to interests—

i

conferring any right to share in the profits or liability to contribute to the losses of the applicant; or

ii

giving rise to an obligation to contribute to the debts or expenses of the applicant in the event of a winding up.