ORDER GRANTING MOTION TO AUTHORIZE RECEIVER TO MARKET AND SELL ESTATE'S INTEREST IN BELIZE BEACH HOLDINGS, LTD. AND ITS REAL PROPERTY IN SAN PEDRO, BELIZE AND GRANTING RELIEF FROM LOCAL RULE 66-5 PERTAINING TO NOTICE TO CREDITORS

MIRANDA M. DU, District Judge.

The matter of the Motion to Authorize Receiver to Market and Sell Estate's Interest in Belize Beach Holdings, Ltd. and Its Real Property in San Pedro, Belize and Granting Relief from Local Rule 66-5 Pertaining to Notice to Creditors ("Motion") filed by Robb Evans of Robb Evans & Associates LLC ("Receiver"), the Receiver pursuant to the Court's Preliminary Injunction Order issued February 10, 2011, came on regularly for determination by the Court, the Honorable Miranda M. Du, United States District Judge presiding. The Court, having read and considered the Motion and all supporting pleadings, and opposition or response to the Motion, if any, and good cause appearing therefor,

IT IS ORDERED that:

A. The Receiver is authorized to market and offer for sale the receivership estate's interest in the entity Belize Beach Holdings, Ltd. ("Belize Beach"), consisting of 9,999 shares of stock in Belize Beach titled in the name of Receivership Defendant Jeremy Johnson ("Belize Beach Stock") and to enter into a contract for the sale of the Belize Beach Stock subject to approval of any proposed sale by this Court after notice and an opportunity for hearing;

B. The Receiver is authorized to list and market for sale the sole known asset of Belize Beach consisting of certain real property located at Parcel 1277 Block 42 San Pedro Registration Section, San Pedro Town, Ambergris Caye, Belize District of Belize ("San Pedro Property") and to enter into a contract for the sale of the San Pedro Property subject to approval of any proposed sale by this Court after notice and an opportunity for hearing;

C. In connection with the listing and marketing of the San Pedro Property, the Receiver is authorized to engage a real estate broker experienced in the sale of real property in Belize, in the Receiver's opinion and judgment (the "Broker"), and to enter into an exclusive listing agreement with the Broker providing for ordinary and customary terms and conditions for the listing of similar real property in Belize, including the payment of ordinary and customary sales commissions upon the closing of a sale of the San Pedro Property, providing for ordinary and customary advertising expenses, and further providing that acceptance of offers and completion of any sale of the San Pedro Property is subject to entry of an order of this Court approving such sale on terms and conditions as the Court may determine are proper and after notice and an opportunity for hearing; and

D. Notice of the Motion is deemed to be sufficient under Local Civil Rule 66-5 based on the service of a notice of the filing of the Motion and the Motion on all parties and service of the notice of the filing of the Motion on all known non-consumer creditors of the estate and on all known taxing authorities with a potential claim in the receivership estate concurrent with the filing of the Motion with the Court.