Butler Service Management Agreement

Parties’ rights and responsibilities related to hotel, household management operations

Preliminary Information Exchange MOU

• B1. Owner fills out project questionnaire
• B2. Brand selection
• B3. Discussion on key commercial terms (outlined on next slide) and hotel & household facilities
• B4. Signing MOU and IASA

Note: MOU and IASA are binding but terminable with prior written notice by either party.