Apartments for sale inside a 5-star hotel in Mérida, YucatánVENTA DEPARTAMENTOS DENTRO DE HOTEL DE 5 ESTRELLAS MERIDA YUCATAN

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Lease Agreement
Information Sheet

1. Parties

1. Auralux Representaciones, S.A. de C.V., subsequently the Administration Trust,
identified as “The Owner” or “The Landlord”
2. Operadora Nacional Hispana, S.A. de C.V., a subsidiary of NH Hotel Group, S.A.,
identified as “NH” or “The Tenant”.
3. Chartwell de Nuevo Laredo, S.A. de C.V., identified as “Guarantor and Jointly and
Severally Liable Debtor” vis-à-vis the Tenant and/or the Administration Trust.
The Landlord and the Tenant shall be collectively identified as “The Parties”.

2. Purpose

Lease of a Residential Complex with Hotel Operations, with 69
exclusive ownership units (“UPE”), equipped and furnished, with allocation
of common areas and at least 30 parking spaces.

3. Term: 20 years, with the possibility of an extension of 5 years plus 5 years at the request of the

Tenant.

4. Rent and default
interest

Rent will be variable, payable within the first 15 days after each
month, by bank transfer to the account indicated by the Trust, and will be calculated
according to a percentage of total gross revenue, as indicated below:
a) First year: rent will be equivalent to 20% of total gross revenue for the
immediately preceding month.
b) Second year: rent will be equivalent to 22% of total gross revenue for the
immediately preceding month.
c) From the third year and throughout the remaining term of the lease and its
extensions, rent will be equivalent to 25% of total gross revenue for the
immediately preceding month.
Gross revenue includes:
1) Room sales.
2) Sales of events held in the Tower
3) Restaurant and breakfast sales in the Tower
4) Other income from the tower
In the event of default, default interest will be paid at a rate calculated by
multiplying the prevailing Interbank Interest Rate by 1.5.

5. Security
deposit

The amount of $2,807,127.00 M.N. as a security deposit; it will be
returned within 45 days after termination of the lease.

6. Guarantor and jointly and severally
liable debtor

Its liability is limited to payment of rent, maintenance fees, and the
contribution for FF&E investment, vis-à-vis the Landlord and the Administration
Trust.

7. Expenses, services, and
taxes

1. The Tenant will pay the operating expenses, as well as the taxes
corresponding to the income from the operation of the Complex for which it is
responsible.
2. Regarding the condominium, the Tenant will pay the ordinary fees, and the
Landlord or, where applicable, the Trust or the owners of the UPE will pay the
extraordinary fees.

8. Insurance

The Tenant undertakes to obtain and pay, at its own expense, for insurance that
includes: civil liability, damage covering the Complex’s equipment and furnishings,
risk-related damage to the building, loss of income and/or loss of profit.

9. Maintenance,
works, and warranties

a) The Landlord will carry out, at its sole expense, all construction work,
installations, furnishings, equipment, and finishes for the Complex.

b) The Tenant will be responsible, at its own expense and cost, for the
maintenance and minor repairs to the Complex arising from its ordinary use and wear
and tear.
c) The Administration Trust will be responsible for major repairs.

10. Use of the brand