0001193125-06-082341 Sample Contracts

DECLARATION OF TRUST
Declaration of Trust • April 18th, 2006 • BEE Financing Trust II • Real estate investment trusts

This DECLARATION OF TRUST, dated as of April 17, 2006 (this “Declaration”), between (i) Strategic Hotels & Resorts, Inc., a Maryland corporation, as sponsor (the “Sponsor”), and (ii) Wilmington Trust Company, a Delaware corporation, as trustee (the “Trustee”). The Sponsor and the Trustee hereby agree as follows:

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