EXHIBIT 10.160

                           NuOasis International Inc.
                      43 Elizabeth Avenue o Nassau, Bahamas
        Telephone (011) 44-171-493-1166 o Facsimile (011) 44-171-493-1197

                                October 27, 1996



Board of Directors
Grand Hotel Krasnopolsky N.V.
DAM 9 - 1012 JS
Amsterdam
The Netherlands

     RE:  Purchase of shares of capital stock of Grand Hotel  Krasnopolsky N.V.,
          a corporation organized under the laws of The Netherlands ("GHK")

Gentlemen:

This letter agreement,  when countersigned as indicated below ("Agreement") will
confirm and  memorialize  the agreement by and among,  on the one hand,  NuOasis
International  Inc., a corporation  organized under the laws of the Commonwealth
of the Bahamas  ("NuOasis")  and a wholly-owned  subsidiary of Nona Morelli's II
Inc., a corporation organized under the laws of the United States ("Nona"),  and
on the other hand, Grand Hotel Krasnopolsky N.V., a corporation  organized under
the  laws  of The  Netherlands  ("GHK"),  to  enter  into  the  within-described
transaction (the  "Transaction")  whereby NuOasis will purchase and acquire from
GHK for the consideration specified herein, shares of GHK capital stock equal to
US$2,500,000  ("GHK  Shares"),  all upon and subject to the following  terms and
conditions.

This  Agreement  is made and  entered  into by  NuOasis  and GHK based  upon the
following facts:

1.       GHK is in the  business of owning and  operating  hotel and  restaurant
         properties;  it is a publicly-held  corporation whose shares are traded
         in the Amsterdam  Stock  Exchange;  and, it desires to expand its hotel
         and food service  activities  outside The  Netherlands and to diversify
         into other hospitality and leisure-based  activities  including but not
         limited to casino gaming.

2.       NuOasis is the  international  hotel and casino  gaming  subsidiary  of
         Nona, and it is engaged in the purchase,  development  and operation of
         casino gaming and hotel properties outside of the United States.

3.       Nona is a  publicly-held  corporation  whose  shares  are traded on the
         United  States  Over-the-Counter  Market.  As a  result  of a sale of a
         casino gaming property  NuOasis has the right to shares of common stock
         of Nona,  and it desires to  reinvest  such  shares by making an equity
         investment in a hotel management-related business.

4.       Simultaneously  with the execution of this  Agreement Nona and GHK have
         agreed to enter into a joint venture for the purchase,  development and
         operation of hotel and casino gaming  properties and, in furtherance of
         such joint venture,  Nona and GHK desire to acquire equity interests in
         each other.

<PAGE>

Based upon these facts, and the representations and warranties contained herein,
our agreement is as follows:

1.       Principal Purchase Terms

         Subject to the  satisfaction  (or  waiver) of the terms and  conditions
         contained  herein,  at the Closing GHK will sell,  issue and deliver to
         NuOasis (or its designee),  and NuOasis (or its designee) will purchase
         and acquire from GHK, the GHK Shares for and in consideration of shares
         of common stock of Nona having an  equivalent  Market Value on the date
         of Closing of US$2,500,000 (the "Nona Shares").

2.       Closing

         The  closing of this  Transaction  (the  "Closing")  shall occur at the
         office of GHK, or such other  location  and at such time or date as the
         parties  hereafter may mutually agree  following the execution  hereof,
         but no later than November 15, 1996.  At Closing  NuOasis shall deliver
         the Nona Shares to GHK and GHK shall  deliver the GHK Shares to NuOasis
         along  with  other   documents,   affidavits  and  investment   letters
         reasonably requested by the delivering party.

3.       Representations and Warranties of GHK

         In connection  herewith,  and as an inducement to NuOasis to enter into
         this Agreement, GHK confirms that:

         A.       The GHK Shares. The GHK Shares,  when delivered,  will be free
                  and clear of liens, claims and encumbrances;  that GHK has all
                  necessary  right and power to enter into this Agreement and to
                  cause  the   issuance   of  the  GHK   Shares  to  NuOasis  as
                  contemplated  herein;  and,  that any  necessary  approval  by
                  regulatory  authorities,  shareholders of GHK or third parties
                  will be obtained by GHK prior to Closing.

         B.       Status of GHK. GHK is duly organized, validly existing, and in
                  good  standing  under the laws of The  Netherlands  and,  that
                  there has been no material change in GHK's financial condition
                  as  reflected  in  Schedule  "1"  attached  hereto  (the  "GHK
                  Financials").

         C.       Authorized Share Capital of GHK. The capitalization of GHK, as
                  of the date hereof,  consists of Twenty Million Dutch Guilders
                  (f20,000,000),  comprised of One Million (1,000,000)  ordinary
                  shares of a nominal  value of f20.00  per  share,  of which no
                  more than 224,587 shares are presently issued and outstanding.

<PAGE>

         D.       Compliance  with  Laws,  Rules  and  Regulations.  GHK  is  in
                  compliance with all applicable  laws,  rules and  regulations,
                  relating  to its  business  and its  listing on the  Amsterdam
                  Stock Exchange, except to the extent that non-compliance would
                  not materially and adversely affect the business,  operations,
                  properties, assets, general financial condition or the listing
                  of its shares.

          E.   Conduct of Business. Since December 31, 1995, except as set forth
               in Schedule "2" attached  hereto,  as may be amended from time to
               time prior to Closing  ("Recent  Developments"),  GHK has not (i)
               discharged or satisfied any liens other than those  securing,  or
               paid any obligation or liability  other than current  liabilities
               shown on the GHK  Financials  and  current  liabilities  incurred
               since the date of the GHK  Financials,  in each case in the usual
               or  ordinary  course of  business,  (ii)  mortgaged,  pledged  or
               subjected  to lien any of their  tangible  or  intangible  assets
               (other than purchase money liens incurred in the ordinary  course
               of  business  for such  assets  not yet paid  for),  (iii)  sold,
               transferred  or leased any of its assets  except in the usual and
               ordinary  course of business,  (iv) canceled or  compromised  any
               material  debt or  claim,  or  waived  or  released  any right of
               material value, (v) suffered any physical damage,  destruction or
               loss (whether or not covered by insurance)  materially  adversely
               affecting its  properties,  business or  prospects,  (vi) entered
               into any transaction  other than in the usual and ordinary course
               of business.

4.       Representations and Warranties of NuOasis and Nona

         In connection herewith,  and as an inducement to GHK to enter into this
         Agreement, NuOasis and Nona confirm that:

          A.   The Nona Shares.  The Nona Shares,  when delivered,  will be free
               and clear of liens, claims and encumbrances; that NuOasis has all
               necessary  right and power to enter  into this  Agreement  and to
               cause the  transfer  of the Nona  Shares  to GHK as  contemplated
               herein;   and,   that  any   necessary   approval  by  regulatory
               authorities,  shareholders of NuOasis, Nona or third parties will
               be obtained prior to Closing.

          B.   Status of Nona. Nona is duly organized,  validly existing, and in
               good  standing  under  the laws of the  United  States,  state of
               Colorado  and,  except as  disclosed  to GHK in writing  prior to
               Closing,  there has been no material  change in Nona's  financial
               condition as reflected in Schedule "3" attached hereto (the "Nona
               Financials").

          C.   Authorized Share Capital of Nona. The  capitalization of Nona, as
               of the date hereof, consists of Fifty Million (50,000,000) shares
               of authorized  common stock,  US$.01 par value,  of which no more
               than Forty Four Million  (44,000,000) shares are presently issued
               and outstanding.

<PAGE>

          D.   Compliance with Laws, Rules and Regulations. Nona and NuOasis are
               in compliance with all applicable  laws,  rules and  regulations,
               relating  to their  business  and  Nona's  listing  on the United
               States  Over-the-Counter   Market,  except  to  the  extent  that
               non-compliance  would not materially  and adversely  affect their
               business,  operations,   properties,  assets,  general  financial
               condition or the listing of Nona's shares.

          E.   Conduct of Business. Since December 31, 1995, except as set forth
               in Schedule "4" attached  hereto,  as may be amended from time to
               time prior to Closing ("Recent  Developments"),  Nona has not (i)
               discharged or satisfied any liens other than those  securing,  or
               paid any obligation or liability  other than current  liabilities
               shown on the Nona  Financials  and current  liabilities  incurred
               since the date of the Nona Financials,  in each case in the usual
               or  ordinary  course of  business,  (ii)  mortgaged,  pledged  or
               subjected  to lien any of their  tangible  or  intangible  assets
               (other than purchase money liens incurred in the ordinary  course
               of  business  for such  assets  not yet paid  for),  (iii)  sold,
               transferred  or leased any of its assets  except in the usual and
               ordinary  course of business,  (iv) canceled or  compromised  any
               material  debt or  claim,  or  waived  or  released  any right of
               material value, (v) suffered any physical damage,  destruction or
               loss (whether or not covered by insurance)  materially  adversely
               affecting its  properties,  business or  prospects,  (vi) entered
               into any transaction  other than in the usual and ordinary course
               of business.

5.       Indemnification

         Each party agrees to indemnify and hold the other  harmless for two (2)
         years  following  the date of  Closing  against  and in  respect of any
         liability,  damage,  or deficiency,  all actions,  suits,  proceedings,
         demands, assessments,  judgments, costs and expenses resulting from any
         misrepresentations,  breach  of  covenant  or  warranty,  or  from  any
         misrepresentation contained herein or any certificate furnished as part
         of the transaction contemplated herein.

6.       Conditions Precedent to Closing

         The  obligations  of NuOasis and GHK to effect a Closing  hereunder are
         subject  to (a) the  acceptance  of the  Transaction  by the  Board  of
         Directors of the respective parties, and (b) the execution and delivery
         by all parties of one original of this Agreement  prior to November 15,
         1996, without which this Agreement may be terminated without penalty to
         such terminating party.

7.       Additional Documents

         Each party agrees to execute such additional  instruments and take such
         action as may be reasonably  requested by the other party to effect the
         Transaction,  or otherwise to carry out the intent and purposes of this
         Agreement.

<PAGE>

8.       Notices

         All notices and other communications  hereunder shall be in writing and
         shall  be sent by  prepaid  first  class  mail  to the  parties  at the
         following  addresses,  as amended by the parties with written notice to
         the other:

         To NuOasis:                NuOasis International Inc.
                                    43 Elizabeth Avenue
                                    Nassau, Bahamas
                                    Telephone:        +44-171-493-1166
                                    Facsimile:        +44-171-493-1197

         With copy to:              Nona Morelli's II Inc.
                                    2 Park Plaza, Suite 470
                                    Irvine, California, USA
                                    Telephone:       (714) 833-2094
                                    Facsimile:       (714) 833-7854

         To GHK:                    Grand Hotel Krasnopolsky N.V.
                                    DAM 9 - 1012 JS
                                    Amsterdam, The Netherlands
                                    Telephone:       + (31) 30 554 6011
                                    Facsimile:       + (31) 30 554 6127

9.       Counterparts

         This  Agreement  may  be  executed   simultaneously   in  two  or  more
         counterparts,  each of which  shall be deemed an  original,  but all of
         which together shall constitute one and the same instrument.

10.      Applicable Law

         This  Agreement  was  negotiated  and  shall be  constructed  under and
         governed   by  the   laws   of  the   Commonwealth   of  the   Bahamas,
         notwithstanding any conflict-of-law provision to the contrary.

11.      Authority

         The persons  executing  this  Agreement  are duly  authorized to do so.
         Further,  the parties hereto each  represent,  through such  executors,
         that each has taken all action required by law or otherwise to properly
         and legally execute and carry out the terms of this Agreement.

<PAGE>

12.      Entire Agreement

         This Agreement sets forth the entire understanding  between the parties
         hereto and no other prior written or oral statement or agreement  shall
         be recognized or enforced.

13.      Severability

         If a court of  competent  jurisdiction  determines  that any  clause or
         provision of this Agreement is invalid, illegal, or unenforceable,  the
         other  clauses and  provisions  of the  Agreement  shall remain in full
         force and effect and the clauses and provisions  which determined to be
         void,  illegal,  or  unenforceable  shall be limited so that they shall
         remain in effect to the extent permissible by law.

14.      Assignment

         Neither  party may assign this  Agreement  without the express  written
         consent  of the  other  party.  And,  in  the  event  of  any  approved
         arrangement,  such  assignment  shall be  binding  on and  inure to the
         benefit of such successor, or, in the event of death or incapacity,  on
         their heirs, executors, administrators and successors of any party.

15.      Waiver

         No waiver  by any party of the  performance  of any  obligation  by the
         other shall be construed as a waiver of the same or any other  default,
         then, theretofore,  or thereafter occurring or existing. This Agreement
         may only be amended by a writing signed by all parties hereto.

16.      Headings

         The section and subsection  headings in this Agreement are inserted for
         convenience  only  and  shall  not  affect  in any way the  meaning  or
         interpretation of this Agreement.

<PAGE>

17.      Facsimile Counterparts

         If a party  signs  this  Agreement  and then  transmits  an  electronic
         facsimile  of the  signature  page to the  other  party,  the party who
         receives the transmission  may rely upon the electronic  facsimile as a
         signed original of this Agreement.

Sincerely,

NuOasis International Inc.

By:  /s/  Fred G. Luke
     -----------------------------
Name:     Fred G. Luke

Nona Morelli's II Inc.

By:  /s/  Fred G. Luke
     -----------------------------
Name:     Fred G. Luke

ACCEPTED AND AGREED
THIS 27th DAY OF October 27 1996

/s/  Grand Hotel Krasnopolsky N.V.
----------------------------------
     Grand Hotel Krasnopolsky N.V.

<PAGE>

                                  SCHEDULE "1"

                                     to the
                                    Agreement
                            Dated October 27, 1996

                                 GHK FINANCIALS

<PAGE>

                                  SCHEDULE "2"

                                     to the
                                    Agreement
                            Dated October 27, 1996

                                 NONA FINANCIALS

<PAGE>

                                  SCHEDULE "3"

                                     to the
                                    Agreement
                            Dated October 27, 1996

                               RECENT DEVELOPMENTS