Exhibit 10.16 Agreement of Ownership Structure In the Sakhalin Palace Resort Project Dated the 25th day of June, 1999Cca Companies Inc • May 30th, 2000 • Agricultural services • New York
Company FiledMay 30th, 2000 Industry JurisdictionThis Agreement shall establish clearly the ownership structure of the Sakhalin Palace Resort Project (the Project) as previously determined collectively by the Parties, being individually CCA Companies Limited (the Client), Arter Group Limited (the Advisor) and Valmet S.A. (the Agent).