Schedule., Cap. 287

THIS AGREEMENT is made the Sixth day of July, 1959 BETWEEN MAURICE HENRY DORMAN KNIGHT COMMANDER OF THE MOST DISTINGUISHED ORDER OF SAINT MICHAEL AND SAINT GEORGE THE GOVERNOR OF SIERRA LEONE acting for and on behalf of the Government of Sierra Leone (hereinafter called " the Government ") of the one part and COLONIAL DEVELOPMENT CORPORATION whose head office is at 33 Hill Street in the County of London England (hereinafter called " the Corporation ") of the other part. WHEREAS the parties hereto have agreed to promote jointly a company for the purpose of constructing and operating an hotel in Freetown in Sierra Leone. NOW IT IS HEREBY AGREED as follows- 1. As soon as shall be practicable after the execution of this Agreement the parties hereto shall procure the incorporation in Sierra Leone of a private company (hereinafter called "the Company ") with an authorised capital of two hundred thousand pounds divided into 75,000 "A" shares of one pound each and 125,000 "B" shares of one pound each. 2. The Memorandum and Articles of Association of the Company shall be in the form of the draft attached hereto and marked" Annexure A "with such modifications (if any) as the parties hereto may agree.