EXHIBIT 10: MANAGEMENT AGREEMENT
This Agreement is entered into this 1st day of January, 1997, by and
between Xxxxxx Xxxx Management ("Xxxxxx Xxxx") and Central American Equities
Xxxxxx Xxxx will provide CAE with the day to day management services of
CAE's three Hotels: The Ecolodge, Sunset Reef and Hotel Alta. In consideration
therefor, CAE will pay Xxxxxx Xxxx a monthly fee of $9,000.00 for its services.
This agreement shall be in effect from January 1, 1997 through December 31,
1997. This agreement is renewable annually by both parties unless terminated by
either party upon 30 days written notice.
Xxxxxx Xxxx Management
00000 Xxx Xxxxxx Xxxxxx
Xxxxxx, XX 00000
Xxxx X. Xxxx
Central American Equities Corp.
Carretera Vieja A
Frente A Tierra Rica
El Alta de Las Palomas
San Xxxx, Costa Rica
Xxxxx Xxxxxx, President
00000 Xxx Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxx, XX 00000
000-000-0000 000-000-0000 000-000-0000 Fax