<table><tr><th>From:</th><th>Alex Peto</th></tr><tr><td>Sent:</td><td>Friday, February 15, 2019 8:36 AM</td></tr><tr><td>To:</td><td>Karyna Shuliak</td></tr><tr><td>Cc:</td><td>Marc Leon</td></tr><tr><td>Subject:</td><td>Bin Ennakhil</td></tr></table>

Dear =aryna

The vendor =ill not accept less than 25m euros net to him - our agency fees can =ither be paid by you or by the vendor but if he pays then the price =ould need to be 26m euros.

We have a list of what items he intends to remove - it is =ot much but for example there is a Gauguin in the bedroom which of =ourse he will remove - I will get this list and sent it to =ou.

It is not =ossible to only buy the asset and it does save you 7% in government =axes - your lawyers can check the company has no liabilities but I =ssure you anyway it doesn't.

If you would like to discuss any of the =bove over the telephone please let me know a convenient time to call =ou.

All the =est

Alex

Alex =eto
Partner
████████████████████
www.kensingtonmorocco.com

Find us on Facebook I Instagram I Twitter <https://twitter.com/kens_properties>

Private Office Marrakech
██████████████████████
Marrakech
Morocco

Please consider the environment before printing =his email.

This =-mail may contain confidential and/or privileged information. If you =re not the intended recipient (or have received this e-mail in error) =lease notify the sender immediately and destroy this e-mail. Any =nauthorized copying, disclosure or distribution of the material in this =-mail is strictly forbidden.

On Feb 14, 2019, at 21:23, Karyna Shulia

wrote:

Dear Alex,

Thank you for your email.

Normally seller pays commission, due diligence period to =eview cos books. List of items to be removed needs detailing. Taxes =wed. Can we just buy the asset? How are we to know that the co has no =iabilities?

Thank =ou,

Best =egards,

Karina

On Feb 14, 2019, at 7:27 PM, Alex Petc

Dear Karyna,

Please find attached a =raft of the sale contract of the shares and some requested =nformation:

	=o transfer taxes. It is a share deal without transfer taxes

	- Closing costs: Only our real estate agent's fees, 3% ex =AT

	- Time frame: As soon as the funds are =ransferred

- Due diligence: All the =ocuments of the sellers company are available and this company has only =ne asset - Bin Ennakhil in Marrakech

	- MEP, roofs =ontrol: No but can be done at anytime

All the best

Alex

<Kaufvertrag.doc>

Alex =eto
Partner

www.kensingtonmorocco.com

Find us on Facebook I Instagram I Twitter <https://twitter.com/kens_properties>

Private Office Marrakech

Marrakech
Morocco

<unknown.png>

Please consider the environment before printing this =mail.

This e-mail may contain =onfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.

## <u>On Feb</u> 13 <u>2019,</u> at 12:48, Karyna Shuliak

wrote:

Dear Alex,

As you may already know, we are in negotiations on another =roperty, so please provide as much info as you can, as soon as you are =ble to. Taxes on transfer, estimated closing costs, inspections, time =rame. Has a recent MEP survey been done? Have the roofs been examined? =f it is in co form, is there due diligence that has been done on =ellers co.?

Thank =ou.

Best =egards,

## <u>On Feb</u> 13 <u>2019,</u> at 12:48, Karyna Shuliak (cont.)

## Karyna

## On Feb 13, 2019, at 9:04 AM, Alex Peto

Dear Karyna

- Greeting: "Dear Karyna"
- Note: "Please consider the environment before printing this e-mail."
- Message: "Marc is on his way back from Italy today but will send you a contract when he gets back later today."
- Closing: "All the best" / "Alex"
- Signature: "Alex ... Partner" (text shows "Alex =eto Partner" — part appears garbled)
- Website: www.kensingtonmorocco.com
- Social: "Find us on Facebook | Instagram | Twitter <https://twitter.com/kens_properties>"
- Office: "Private Office Marrakech"
- Address block: redacted (black box) above "Marrakech / Morocco"
- Inline image/attachment placeholder: "<unknown.png>"

Please consider the environment before printing this =mail.

This e-mail may contain =onfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.

4

## On Feb 13, 2019, at 9:04 AM, Alex Peto (cont.)

On Feb 12, 2019, at 23:20,
wrote:

Alex,

As you =now, we thought that 20 was the top. However if you are at 25, I am =opeful that we can come to an agreement. I suggest you send a contract =sap, so we know exactly what we are buying. I am happy to have the =umber left blank, but the lawyers will need to decide structure taxes =nd potential issues. The name of the buyer would be KB =lc.

Thank you.

Best regards,

Karyna

On Feb 12, 2019, at =37 PM, Alex Pet

wrote:

## Hi Karyna

This is not true. Marc (my business partner you met) flew to =taly yesterday and is currently with the owner, he has a written offer = 29m euros but with one complication. The owner is not well and does =ot want to wait for this to be resolved so for a very quick deal I am =old he would accept 25m euros.

All the best

Alex

Alex Peto
Partner

www.kensingtonmorocco.com

Find us on Facebook I Instagram I Twitter

<https://twitter.com/kens_properties>

Private Office Marrakech

## Hi Karyna (cont.)

Marrakech
Morocco

## <unknown.png>

Please consider the environment before printing this =mail. This e-mail may =ontain confidential and/or privileged information. If you are not the =ntended recipient (or have received this e-mail in error) please notify =he sender immediately and destroy this e-mail. Any unauthorized =opying, disclosure or distribution of the material in this e-mail is =trictly forbidden.

=div class="">

On Feb 12, 2019, at 15:51, Karyna Shuliak wrote:

Hi =Iex,

I heard that your buyer walked away, =s that true?

Karina