APARTMENT RENTAL AGREEMENT

PURSUANT TO THE PROVISIONS OF LAW NO. 4 OF THE YEAR 1996

This Agreement is made and entered into this _____ corresponding to / / 200__of the year
By and Between:

First: Mr. ______________nationality __________herein represented by Mr. Tarik in his capacity

as the attorney of the Lessor who has the power of proxy,
Residing at_____________________
(First Party - Lessor)

Second: Mr.________________________ nationality_______ passport No_____

Residing at ___________________
(Second Party - Lessee)

Preamble
The First Party (the Lessor) owns the dwelling unit No. ………. located in Neama Bay, Sharm El-
Shaikh city of the governorate of South Sinai and the Lessee desires to lease said dwelling unit for
use as a private dwelling. The Lessee may not change the activity of said unit except by an
explicit written consent of the Lessor. The Lessor has hereby agreed to lease the unit pursuant to
the following provisions

Clause 1
The aforesaid preamble shall be deemed an integral part of this contract and supplementary and
construction to all clauses herein set forth.

Clause 2
The First Party, the Lessor has hereby let to the Second Party and the Second Party has hereby
leased from the Lessor the dwelling unit which features are indicated in the preamble during the
term of ……………commencing on ../../200.. and ending on ../../200.. not renewable except by a
new agreement and convenient. If the Lessor desires to terminate the contract before expiration
thereof the Lessor shall bear the whole rental value for the full term of the Agreement herein set
forth.

Clause 3
Both parties hereto have hereby agreed that the rental value of the dwelling unit subject to this
Agreement shall be the sum of L.E…………… (only ………..Egyptian Pounds) to be paid
monthly and shall increase by.,..% per annum at the beginning of the second year. Both parties
hereto have hereby agreed that the Lessee shall pay the rent at the beginning of every and each
month against a payment receipt besides the expenses of maintenance done in the premises which
shall be paid for by the Lessee including plumbing maintenance, electricity, and general sanitation
works. The Second Party, the Lessee has paid the sum of L.E ……………………….(only
…………….Egyptian Pounds) equivalent to two-month rent as security deposit and the Second
Party has also paid the sum of L.E………….(only ………………Egyptian Pounds) as rental value
of the month of …….., 200.. The security deposit shall be returned to the Lessee upon the
expiration of the Agreement after surrendering the premises subject to this Agreement to the First
Party in the same condition as was received by the Lessee at the beginning of the Rental
Agreement. The Lessor's signature herein shall be deemed acknowledgment of receipt of the
security deposit and the rental value of the month of …….., 2009.

Clause 4
In the event of any default by the Lessee to pay the rent in due date, the Lessee shall be obliged to
pay a delayed penalty amounting to 2% of the value of the rent due for the month of late payment.
The first day of each month in which the Lessee is obliged to pay the rent shall be deemed the date
of payment and from the following day begins the calculation of the delay penalty. If the duration
of delay increased more than two months, this Agreement shall be rescindable without the need to
notice or warning and the Lessor is entitled to claim compensation for the Lessee's breach of
contractual obligations thereof.

Clause 5
If the Lessee breaches any of the provisions herein set forth, this Agreement shall be rescindable
without the need to notice or warning and the Lessee shall pay the whole due rent for the
remainder term.

Clause 6
Any dispute arising from the implementation of this Agreement shall fall within the jurisdiction of
South Sinai Court for Urgent Cases. Parties hereto shall hereby waive all levels of litigation
provided that the judgment pronounced by the Court for Urgent Cases shall be definitive and final.

Clause 7
The address indicated next to the name of each party shall be deemed the address for service
thereof in all correspondences connected to this Agreement.

Clause 8
Executed in duplicate, one copy per each party for necessary action

First Party (Lessor) Second Party (Lessee)