EXHIBIT 10.147
CONSENT TO SALE OF INTEREST AND TERMINATION
OF OPERATING AGREEMENT
CONSENT TO SALE OF INTEREST
AND
TERMINATION OF OPERATING AGREEMENT
This Consent to Sale of Interest and Termination of Operation Agreement
("Agreement") is entered into by and between NuOasis International Inc
("NuOasis") and Xx Xx Man Sun, doing business as Dragon Sight International
Amusement Co (Macau) Company ("Dragon" or "Operator").
Whereas, effective May 25, 1995 NuOasis, as successor in interest to the
ownership interest of Xxxx Xxxxxxx'x XX Inc in the net profits of the two casino
gaming activities conducted by Dragon at the Hyatt and Holiday Inn hotels in
Macau, became a party to the Operating Agreement, a copy of which is attached
hereto as Exhibit A (the "Operating Agreement"); and,
Whereas, NuOasis has sold its interest in the Casinos (as defined in the
Operating Agreement), and the purchasers of such interest and the Operator wish
to terminate the Operating Agreement; and,
Whereas, the sale of the NuOasis interest requires the notice to and consent of
the other Owner(s) of the Casinos; and,
Whereas, the parties to the Operating Agreement wish to terminate such
agreement.
Now, therefore, in consideration for the mutual promises and agreements
contained herein, the parties hereto, as the Owners of the Casinos, mutually
agree as follows:
1. Dragon, as Operator and sole Owner of the balance of the Net Profits Interest
in the Casinos, consents to the sale of the interest in the Casinos held by
NuOasis.
2. Effective the effective date of the NuOasis sale of its interest in the
Casinos, the Operating Agreement is terminated and shall thereafter be null and
void.
In witness thereof, the parties hereto have executed this Agreement the day and
year first above written.
NuOasis International Inc.
By: /s/ Xxxx X. Xxxx
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Name: Xxxx X. Xxxx
Title: Director
[NUOINTL\AGR:NGTERM.AGR]
