FAX SIGNED COPY TO 210-568-2160

or mail with check to:

Bill & Alison Mencarow
317 S. Sidney Baker, PMB 304
Kerrville, TX 78028

If paying by credit card and faxing:

Card No. _________________________________ Exp. Date_______

3-digit authorization code: ______

Billing Address: ___________________________________________

City, State, Zip: ___________________________________________

RENTAL AGREEMENT
Please return with your deposit by xxxx.
This agreement will expire if not returned by that date.

TENANT: xxxxxxxl
DATES: Check-in xxxxxxxxx, check-out xxxxxxxxxx (x nights)
RATE: US$xxxx plus 12% local tax, total $xxxx
DUE NOW: $xxx
DUE BY xxxxxxx: $xxx

This RENTAL AGREEMENT, dated the xxnd day of xxx, xxxx between Casa
Phoenix Cozumel, LLC, a Nevis Limited Liability Company (“owner”) and
xxxxxxxxxx ("tenant"), is for rental of Casa Phoenix Cozumel, also known as
condominium Unit #7-A at El Cantil Sur Condominiums located at Ave. Melgar,
between 13 and 15 Ave., San Miguel, Cozumel, Q.R., Mexico, beginning
on xxxxxxxxxxx, 3:00 p.m. and checking out on xxxxxxxx,
noon, for the amount of US$xxxx plus 12% local tax, total $xxxx.

Terms and Conditions

An e-mail will be sent to you with final instructions regarding your arrival. If you arrive at the
Cozumel airport our representative will greet you and assist you in arranging transportation to
Casa Phoenix. After your arrival we will offer a brief welcome and orientation at our On-Site
Hospitality Office, check you in, and then show you to Casa Phoenix.

SECURITY DEPOSIT: A $500.00 cash or credit card Security Deposit will be collected
at the time you check-in. The purpose of the deposit is to secure compliance with the
terms and conditions of this agreement and shall be refunded to you immediately after the
premises have been completely vacated and inspected by our staff. We reserve the right to
retain any portion of the deposit that is necessary to reimburse us for any loss or damage
resulting from your rental of the condominium. This amount includes, but is not limited
to, the following items: a) remote control replacement costs; b) costs for repair of
damages to premises, furnishings, electronic equipment, appliances and/or common areas
above ordinary wear and tear; and c) any other amount legally allowable under the terms
of this agreement.

A written accounting of any amounts to be deducted from the deposit shall be presented
to you immediately upon check-out. If the deposit does not cover such costs and damages,
you will be required to pay, prior to departure, the amount of costs or damages not
covered by the deposit.

HOT TUBS & POOL: Use of the pool and hot tub is at your own risk. The Rules
posted by the pool and hot tubs must be followed when using either.

GARAGE: You will have one (1) reserved parking space in the underground garage.

MAID SERVICE: Daily maid service is included. If you do not want the maid each day,
please inform the management office.

WET CAGE LOCKER: Each unit is provided one (1) assigned cage locker in the garage for
storage of wet articles such as diving and snorkeling equipment. No dripping wet articles are
permitted in the elevators, hallways, stairwells or inside Casa Phoenix. Please store
them in the cage locker. This locker may also be used for storage of your suitcases, etc. A
padlock will be given to you upon check-in and you are to return it to the office upon
check-out. A $25.00 fee will be charged for missing padlocks.

SMOKING: No smoking is permitted anywhere inside the unit. An occasional cigar is permitted on
the terrace in the evening only if all sliding glass doors are completely closed. Smoking is not permitted in
public areas, including hallways, stairways, elevators, foyer, the beach and pool area

CANCELLATION: If, for any reason, you cancel your reservation and we are able to re-book
the unit for your dates at the same or higher rate you will receive a full refund. If we are not able
to re-book you will receive credit for a future stay.

In case weather conditions close the Cozumel airport or an airport on your route making it impossible
for you to arrive, you will receive a full refund. We do suggest you purchase trip cancellation insurance.

No-shows without cancellation will result in the forfeiture of all monies paid.

RESPONSIBILITY FOR CHILDREN/MINORS: Adults traveling with children and
minors are solely responsible for them – both in behavior and safety. There is no lifeguard
on duty at the pool or hot tubs. Small children are not permitted on the three small
balconies and must be supervised at all times while on the oceanfront terrace and in or
near the water.

LIABILITY: Owner shall not be liable for damages resulting from injury to any person or
any person’s property which injuries or said damages may in any way be connected to or
with the premises. TENANTS agree (1) to indemnify and hold harmless OWNER from
any liability, loss or obligation resulting from any such injuries or damages and (2) to
resolve any disputes under Mexican law.

OWNER/MANAGEMENT COMPANY ACCESS TO UNIT: Owner or their
Management Company has the right to enter the premises at reasonable hours for the
purpose of making necessary inspections and repairs.

EVENTS OUTSIDE THE CONTROL OF OWNER: Owner is not responsible for
acts of God, noise, or any other events outside the reasonable control of Owner.
All appliances and utilities are maintained regularly and replaced when necessary and
will be in working order when Tenants arrive. If repairs are needed, Owner's management
company will make them as quickly as possible. Owner is not responsible if an appliance
or utility fails to work.

IVA TAX AND SERVICE CHARGE: In addition to the agreed-upon rental fee,
Tenant must pay a 12% occupancy tax that is assessed on all rental agreements in
Mexico. No service charge has been added or will be requested.

TIPPING: Owner strongly suggests tipping your maid, doorman and anyone who gives you extra service.
Maid: $2.00 per person per day (or more at your discretion) is appropriate.
Doorman: At least $0.50 per bag when he takes it to your condo; $5.00 - $10.00 (or more at your discretion)
at the end of your stay.
Other personnel: At your discretion

LIMITATIONS: Ten persons maximum occupancy. No pets are allowed. No cooking is
permitted on balconies or terrace. No smoking except as permitted in the Smoking paragraph.
Violation of these rules will result in immediate eviction and loss of security deposit.

I agree to all terms and conditions set forth in this Rental Agreement.

TENANT SIGNATURE AND DATE ___________________________________

Number of: Adults: __ Children: ___ Ages of children: ___________

Arrival information for Cozumel International Airport (CZM):

Airline:

Scheduled Arrival Time:

Our management will greet one group at the airport. We will also reimburse you for airport van tickets for
transportation to Casa Phoenix for every member of your party. Purchase the tickets at the airport and
we will mail you a check for the number in your party time $8.00. Make sure the driver knows you are going
to "El Cantil" (the name of the condo building).

If your group is arriving on separate schedules, we will meet the party at the arrival time specified above.

IF YOU ARRIVE IN CANCUN, WE CANNOT MEET YOU AT THE AIRPORT, AND
YOU ARE REPONSIBLE FOR YOUR OWN TRANSPORTATION TO CASA PHOENIX.

If you will arrive in Cancun and will not be flying into Cozumel, please let us know the scheduled
time of arrival in Cancun so we will have a general idea of when you will arrive at Casa Phoenix:

__________________________.