0000091741-06-000007 Sample Contracts
February 14, 2006 Mamdouh Philippe, President Mamdouh & Basem Philipco Greaters for Nile Tourism Nefertari Street Luxor, Egypt RE: Loan Agreement: U.S. $500,000.00 Dear Mr. Philippe:Loan Agreement • March 31st, 2006 • Sonesta International Hotels Corp • Hotels & motels
This letter agreement shall be deemed a Loan Agreement under which Sonesta International Hotels Limited (“Sonesta”) will advance the sum of U.S. $500,000.00 to (1) Mamdouh & Basem Philipco, “Owner” of Sonesta St. George Hotel, Luxor (“Hotel”), and (2) Greaters for Nile Tourism, “Owner” of Sonesta St. George I cruise ship (“Ship”), by assumption of obligations, dated as of February 15, 2006, regarding that certain Management Agreement, dated May 11, 1995, originally between Philippe Co. for Hotels, as Owner, and Sonesta, as Operator (the “Hotel Management Agreement”), and dated June 1, 2005, between Greaters for Nile Tourism, as Owner, and Sonesta, as Operator (the “Ship Management Agreement”).
Standard Contracts
June 1, 2005 Mamdouh Philippe, President Mamdouh & Basem Philipco Nefertari Street Luxor, Egypt RE: Loan Agreement: U.S. $800,000.00 Dear Mr. Philippe:Loan Agreement • March 31st, 2006 • Sonesta International Hotels Corp • Hotels & motels
This letter agreement shall be deemed a Loan Agreement under which Sonesta International Hotels Limited (“Sonesta”) will advance the sum of U.S. $800,000.00 to Mamdouh & Basem Philipco, “Owner” of Sonesta St. George Hotel, Luxor (the “Hotel”).
